James Meade

Date of Birth: June 23, 1907

Zodiac Sign: Cancer

Date of Death: December 22, 1995

Biography

James Edward Meade was a renowned British economist celebrated for his significant contributions to the field of international trade and economic policy. Born in Swanage, Dorset, England, Meade’s academic journey began at Malvern College and continued at Oriel College, Oxford, where he studied Philosophy, Politics, and Economics. His early career saw him working for the League of Nations and the Cabinet Office during World War II, contributing to the design of post-war economic policies. Meade’s academic career flourished with professorships at the London School of Economics and Cambridge University. His work in international economics, particularly his theories on balance of payments and economic growth, earned him the Nobel Memorial Prize in Economic Sciences in 1977, which he shared with Bertil Ohlin. Meade’s legacy includes a prolific body of published work that continues to influence economic thought and policy.

5 Interesting Facts about James Meade

1. James Meade was awarded the Nobel Memorial Prize in Economic Sciences in 1977.

2. He served as a Professor of Political Economy at the University of Cambridge.

3. Meade’s influential work includes “The Theory of International Economic Policy.”

4. He played a significant role in devising the economic sections of the Beveridge Report.

5. Meade was also known for his contributions to the theory of economic fluctuations and stabilization policies.

5 Most Interesting Quotes from James Meade

1. “Economics is a subject profoundly conducive to cliche, resonant with boredom. On few topics is an American audience so practiced in turning off its ears and minds. And none more frequently than on the subject of economic growth.”

2. “The concept of equilibrium is fundamental to economic theory.”

3. “International economic policy must be designed to achieve both full employment and external balance.”

4. “The gains from trade are not just about the exchange of goods but also about the exchange of ideas.”

5. “Economic policies must be grounded in a thorough understanding of the economic structure and the dynamics of change.”

Highest Net Worth Achieved

James Meade’s highest net worth achieved was estimated to be modest compared to modern standards of economists, primarily due to the era in which he lived and his primary engagement in academic and public service roles rather than private sector or entrepreneurial ventures.