Bertil Ohlin (23 April 1899 – 3 August 1979) was a Swedish economist. He was posthumously awarded the Nobel Prize in Economic Sciences in 1977.
Life and Career
Bertil Ohlin was born on 23 April 1899, in Klippan, Sweden.
Ohlin studied at the Stockholm School of Economics, where he earned his doctorate in 1924. He quickly established himself as a prominent economist and became a professor at the University of Copenhagen in 1929. Later, he returned to the Stockholm School of Economics as a professor and served as the school’s director from 1942 to 1948.
Ohlin’s most notable work revolves around his collaboration with economist Eli Heckscher and the development of the Heckscher-Ohlin model, also known as the factor proportions theory. This model aims to explain the patterns of international trade based on countries’ relative factor endowments. Ohlin’s contributions to trade theory earned him the Nobel Memorial Prize in Economic Sciences in 1977.
Bertil Ohlin passed away on 3 August 1979, in Sweden.
Award and Legacy
He was posthumously awarded the Nobel Prize in Economic Sciences in 1977 for his outstanding contributions to the understanding of international trade and the factors shaping it.
Ohlin’s life and work continue to inspire future generations of economists and researchers, and his theories remain integral to the study of international economics. He is remembered as one of the great economic thinkers of the 20th century and has made enduring contributions to the field of economics.