James E. Meade

Facts

James E. Meade

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James E. Meade
The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1977

Born: 23 June 1907, Swanage, United Kingdom

Died: 22 December 1995, Cambridge, United Kingdom

Affiliation at the time of the award: University of Cambridge, Cambridge, United Kingdom

Prize motivation: “for their pathbreaking contribution to the theory of international trade and international capital movements”

Prize share: 1/2

Life

James Meade was born in Bath, UK. He was educated at Malvern College and Oriel College at Oxford, where he earned first-class honors in 1928. He served as a war economist during WWII and was the leading economist in the Labor government 1946-47, after which he took up professorship at London School of Economics (1947-57) and Cambridge (1957-67).

Work

In his major work The Theory of International Economic Policy (1951/55), James Meade demonstrated the effects of economic policy on foreign trade and penetrated the problems of stabilization policies in “open” economies. Open economies are defined as those that are greatly dependent on foreign trade. These achievements made Meade a pioneer in the field of international macro-theory and international economic policy.

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