Alvin Harvey Hansen (1887-1975) Alvin Harvey Hansen was an American economist. Taught at the University of Minnesota from 1919 to 1937 and at Harvard from 1937-1960. He worked for the Economic State Department in Washington from 1934-35, and was special adviser to the Federal Reserve System between 1940 and 1945. His published work includes Cycles […]

Irving Fisher 1867- 1967 Irving Fisher was an American economist. Professor of Political Economy at Yale University from 1898 to 1935. Fisher’s most important work in economics was The Making of Index Number, published in 1922, in which he developed the theory of index numbers and established conditions that an index should satisfy. Fisher also […]

Francis Ysidro Edgeworth 1815-1926 Francis Ysidro Edgeworth was a British economist, who held the Chair of Political Economy at Oxford between 1801 and 1922. His most important published writings were Mathematical Psychics (1881), Theory of Monoply (1807), Theory of Distribution (1904), and Papers relating to Political Economy (1925). Edited the Economic Journal from 1891 to […]

Arsene Jules Etienne Juvenal Dupuit 1801-1866 Arsene Jules Etienne Juvenal Dupuit was a French civil engineer. His writings on the pricing policy for public services, such as De la mesure de l’utilite des travaux publics (1844) and De l’influence des peages sur l’utilite des voies de communication (1840). Laid the foundation for the development of […]

James Duesenberry (1920-2013) James Duesenberry was an American economist. Professor of Economics at Harvard since 1957. His most important books are Income, Saving and the Theory of Consumer Behavior (1940), and Money and Credit, Impact and Control (1964), Duesenberry’s Relative Income Hypothesis explained people’s fixed expenditure patterns in terms of status.

Paul Douglas 1802- 1876 Paul Douglas was an American economist. His early publications include Theory of Wages (1834), Real Wages in the US (1830), and American in the Market Place (1852). In his statistical work, he tested Clark’3 marginal productivity theory of distribution. Best remembered for the development of the Cobb-Douglas production function with Charles […]

Maurice H. Dobb (1900-1976) Maurice H. Dobb was a British economist. Educated at Charterhouse and Cambridge. Taught at Cambridge, Emeritus Reader in Economics and a Fellow of Trinity College. His writing shows a clear Marxist influence. In Capitalist Enterprise and Social Progress, published in 1925, Dobb developed the relationship between ‘pure’ profit and economic uncertainty. […]

Antoine Augustin Cournot 1801-1877 Antoine Augustin Cournot was a French mathematician and economist. Probably the first economist to be com etent in both sciences. Professor of Mathematics at the University of Lyons before becoming Rector of Dijon Academy. His mast important writings are Recherches sur les principes math ematiques de la theorie des richesses (1838) […]

Donald Coase Born 1918 Donald Coase was a British economist. Intellectual founder of the ‘new institutional economics.’ In 1934, he published an analysis of the British postal system in Economica. In 1937, a paper on the Nature of the Company was published. He went to the US in 1951 and taught at the Universities of […]

John Maurice Clark 1884-1963 John Maurice Clark was an American economist, son of J B Clark. Educated at Amherst and Columbia where he gained his Ph.D. Lectured at Colorado College, Amherst, the University of Chicago, and Columbia where he was given the J.B. Clark chair created in his father’s honor. Clark’s work is characterized by […]