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British economist (1907?1995)
James Edward Meade
(23 June 1907 – 22 December 1995) was a British
economist
who made major contributions to the theory of
international trade
and
welfare economics
. Along with
Richard Kahn
, James Meade helped develop the concept of the
Keynesian multiplier
while participating in the
Cambridge circus
. In the 1930s, he served as specialist adviser on behalf of the British government at the
Economic and Financial Organization
of the
League of Nations
.
[3]
: 477
Born in
Swanage
, Meade was brought up in
Bath
, and educated at
Lambrook
prep school,
Malvern College
and
Oriel College, Oxford
, where he read
classics
till 1928 before switching to the newly-established course in
philosophy, politics, and economics
.
[4]
He was elected a Fellow of
Hertford College, Oxford
in 1930, and was a lecturer in economics at Oxford from 1931 to 1937.
[5]
During the
Second World War
, he was recalled to the Economic Section of the Secretariat of the
War Cabinet
, which he chaired from 1946 to 1947.
[5]
He was appointed
CB
in 1946, and served as President of the
Royal Economic Society
from 1964 to 1966.
[5]
While his work was not confined by political boundaries, he advised the
Labour Party
in the 1930s, and was a member of the
Social Democratic Party
during the 1980s.
[5]
He once said that he had “my heart to the left, and my brain to the right”.
[6]
Along with the Swedish economist
Bertil Ohlin
, he received the
Nobel Memorial Prize in Economic Sciences
in 1977 "for their pathbreaking contribution to the theory of
international trade
and international
capital movements
".
[2]
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