Richard Stone (economist)

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Sir John Richard Nicholas Stone (born August 30, 1913 in London , † December 6, 1991 in Cambridge ) was a British economist .

Richard Stone was founded in 1978 to Knight Bachelor beaten and received the 1984 Nobel Prize in Economics for his pioneering efforts in the development of national accounts systems , making it the basis of empirical economic analysis has radically improved.

Education and career

Stone attended Westminster School, spent a year in India (his father was a judge in Madras) and Indonesia and studied law at Cambridge University (Gonville and Caius College) from 1931 , but switched to economics after two years. Here he was particularly influenced by Colin Clark , who inspired him to deal with national accounts. He graduated in 1936 and worked for Lloyd's in London.

During World War II he worked for the government, where he was involved in 1941 under James Meade to draw up the first national accounts for Great Britain. He then worked in the Central Statistical Office as an assistant to John Maynard Keynes . From 1945 he was back in Cambridge, where he was director of the Department of Applied Economics (DAE) until 1955. From 1955 until his retirement in 1980 he was PD Leake Professor of Finance and Accounting in Cambridge.

Stone was accepted into the British Academy in 1956 and the American Academy of Arts and Sciences in 1968. From 1978 to 1980 he was President of the Royal Economic Society .

family

Richard Stone was born in London in 1913, the only child of Gilbert and Elsie Stone. His father worked as a lawyer.

He was married three times, most recently from 1960 to the Italian Giovanna Saffi. He also wrote two books with her.

research

With Alan Brown he started the Cambridge Growth Project , in which the Cambridge Multisectoral Dynamic Model (MDM) was developed for the UK economy. When the company Cambridge Econometrics was founded , which further developed the MDM for economic forecasting, he became honorary president in 1978.

Awards and honors

The Richard Stone Prize of the Journal of Applied Econometrics and the Sir Richard Stone Prize of the International Input-Output Association are named after Richard Stone .

Fonts (selection)

  • Giovanna Saffi Stone, Social Accounting and Economic Models, 1959
  • Giovanna Saffi Stone, National Income and Expenditure, 1961

literature

See also

List of Nobel Prize Winners in Economics

Web links

Individual evidence

  1. ^ A b Richard Stone - Biographical. nobelprize.org, 1984, accessed December 29, 2015 .
personal data
SURNAME Stone, Richard
ALTERNATIVE NAMES Stone, John Richard Nicholas
BRIEF DESCRIPTION British economist, Nobel Prize winner
DATE OF BIRTH August 30, 1913
PLACE OF BIRTH London
DATE OF DEATH December 6, 1991
Place of death Cambridge