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Birth Centenary of Ragnar Nurkse. Date of issue: 5th October 2007. Designer: Vladimir Taiger Paper: chalky Printing house: AS Vaba Maa Printing process: offset Perforation: comb 13 Size: 45 x 37 mm. Sheet composition: 20 (5 x 4) stamps. Printing run: 180.000 Michel catalogue number: 595. 10.00 (Kr). multicoloured. Portrait of economist Ragnar Nurkse (1907-1959). First Day Cover. Ragnar Nurkse was born on 5 October 1907 in Karu. He completed the course of the Tallinn Cathedral School in 1926 and six years later graduated as an economist from Edinburgh University. In 1934–45 he worked at the Secretariat of the League of Nations, publishing in 1944 a thorough analysis of international financial relations between the two world wars. This paper played an enormous role in building up the Bretton Woods international monetary management system. In 1947 Ragnar Nurkse was elected full professor of Columbia University. His second classical work, Problems of Capital Formation in Underdeveloped Countries, appeared in 1953. Ragnar Nurkse died on 6 May 1959 in Switzerland and is buried in Vevey.

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