Question

Critical minimum effort theory is propounded by:​

Answer 1

Harvey Leibenstein

Harvey Leibenstein (1922 – February 28, 1994) was a Ukrainian-born American Jewish economist. One of his most important contributions to economics was the concept of X-inefficiency and the critical minimum effort thesis in development economic . They have low per capita income. His 'theory of critical minimum effort' is an attempt to provide a solution to this economic problem. According to him, critical minimum effort is necessary to achieve a steady economic growth raising per capita income.