The Palgrave Companion to Oxford Economics

Introduction
Contents
List of Figures
List of Tables
Part I: Themes in Oxford Economics
1: Oxford’s Contributions to Econometrics
1 Introduction
2 Early Days: Seventeenth–Nineteenth Century Contributions
2.1 Sir William Petty
2.2 Florence Nightingale
2.3 Francis Ysidro Edgeworth
3 Econometrics at Oxford, 1900–1980
3.1 Colin Clark
3.2 Oxford Institute of Statistics
3.3 James Meade
3.4 Martin Feldstein
3.5 Grayham Ernest Mizon
3.6 Alan Brown
3.7 Other Faculty
4 Oxford Econometrics, 1980–2000
4.1 Nuffield College
4.2 Doctoral Students
4.3 Research Funding
5 Oxford Econometrics in the Twenty-First Century
5.1 Software Developments
5.2 Easter Schools
6 Contributions to Data Provision in the Twenty-First Century
7 Climate Econometrics
References
2: Development Economics at Oxford, 1950–2020
1 Introduction
2 Context and Institutions
2.1 The Changing Context
2.2 Institutional Evolution in Oxford
3 The Contributions of Oxford Development Economists
3.1 The Early Years
3.2 Flourishing of Development Economics from the Late 1960s
3.3 The 1980s and 1990s: Debt Crises and Adjustment Policies
3.4 The 1990s and Beyond
3.5 New Issues in the Twenty-First Century
4 Conclusions
References
3: Oxford’s Contributions to Industrial Economics from the 1920s to the 1980s
1 Introduction
2 Premises: From Macgregor’s (Isolated) Contribution to the OERG in the Analysis of Industrial Firms (1921–1965)
2.1 Macgregor and Embryonic Industrial Economics
2.2 The Role of the OERG in the Analysis of Industrial Firms
3 Roots: From the Courtauld Inquiry to the Publication of Manufacturing Business (1943–1949)
3.1 Courtauld Inquiry (1943–1947)
3.2 Phillips Andrews’ Contribution and the Publication of Manufacturing Business
4 Institutionalisation: From the Creation of the Journal of Industrial Economics to Further Developments Towards Information- and Knowledge-Based Approaches to the Firm (1952–1968)
4.1 Creation of the Journal of Industrial Economics
4.2 The Information- and Knowledge-Based Approaches to the Firm: Contributions by Richardson and Malmgren
5 Transformation: From Industrial Economics to Industrial Organisation (1979–1991)
5.1 A Comparison of the Successive Editions of Industrial Economics: Theory and Evidence—A Shift from Industrial Economics to Industrial Organisation
5.2 Developments in Applied Microeconomics and Their Influence on Industrial Organisation (1950s–1980s)
6 Conclusion
Appendix 1: Pre-War Members of OERG
Appendix 2: Post-War Members of OERG
References
4: Economic History at Oxford, 1860–2020
1 Introduction
2 Beginnings
3 Welfare
4 Medieval, Agrarian and Demographic
5 Economic Thought and Political Economy
6 Drivers of Economic Development
7 Teaching
8 Conclusion
References
5: PPE and Oxford Economics
1 Introduction
2 Pre-PPE Political Economy at Oxford
3 PPE Economics at Oxford in the Inter-War Years
4 PPE Economics During Wartime and Post-War
5 Economics Tutors, Their Students and PPE’s Influence in Post-War Britain
References
6: The Oxford Institute of Statistics, 1935–1962
1 An Uncertain Start
2 The Wartime Institute
3 Aliens Exposed
4 The Transition to Peace
References
Part II: Some Oxford Economists
7: Nassau Senior (1790–1864)
1 Introduction
2 An Affluent Conveyancer
3 Professor of Political Economy at the University of Oxford
4 Senior on Theory
5 Corn Laws, Poor Laws, the Wages Fund and Emigration
6 The New Poor Law in England
7 Senior, the Irish Poor Law and the Famine
8 Combinations, Hand-Loom Weavers and the Factory Acts
9 Senior on Education
10 The Role of Government
11 Conclusion
References
Main Works by Nassau Senior
Works by Nassau Senior Published Posthumously
Other Works Referred To
8: William Forster Lloyd (1794–1852)
1 Introduction
2 The Tragedy of the Commons
3 Marginal Utility and Value
4 Poor Laws
5 Behavioural Economics
6 Animal Intelligence
7 Conclusion
References
Main Works by William Forster Lloyd
Other Works Referred To
9: Bonamy Price (1807–1888)
1 Introduction
2 Life
3 Early Government Commissions
4 Election to the Drummond Chair
5 The Principles of Currency (1869)
6 Is Economics a Science?
7 Chapters on Practical Political Economy (1878)
8 Teaching in Oxford
9 Later Royal Commissions
10 Conclusion
References
Main Works by Bonamy Price
Other Works Referred To
10: Thorold Rogers (1823–1890)
1 Introduction
2 Life and Career
3 A History of Agriculture and Prices in England
4 Other Work
4.1 Other Work as an Economist
4.2 Views on Oxford
5 Conclusion
References
Main Works by Thorold Rogers
Other Works Referred To
11: Francis Ysidro Edgeworth (1845–1926)
1 Introduction
2 Edgeworth at Oxford
3 Edgeworth’s Approach to Economics
4 Early Work in Moral Philosophy
5 Early Work in Economics
6 Exchange, Contract and Indeterminacy
7 The Utilitarian Calculus
8 Later Work in Economics
8.1 Demand and Exchange
8.2 Monopoly and Oligopoly
8.3 Surveys of Taxation and International Values
9 Conclusion
References
Main Works by Francis Ysidro Edgeworth
Other Works Referred To
12: David Hutchison Macgregor (1877–1953)
1 Introduction
2 In and Out of Marshall’s Shadow
3 The Drummond Professor of Political Economy, 1922–1945
4 Concluding Remarks
References
Main Works by David Hutchison Macgregor
Other Works Referred To
13: Roy F. Harrod (1900–1978)
1 An Extended Introduction
2 Harrod’s Revival of Growth Theory and His Contribution to Keynesian Macroeconomics
3 Conclusion
References
Main Works by Roy F. Harrod
Other Works Referred To
Additional References of Interest
14: Robert Lowe Hall (1901–1988)
1 Introduction
2 Biographical Details
3 Oxford Don: Tutor, Lecturer and Author
4 Oxford Economist: OERG and Hall and Hitch
5 Government Service and the House of Lords
6 Engineering, Economics and Policy-Making: Retrospect and Prospect
7 Conclusion
References
Main Works by Robert Hall
Other Works Referred To
15: Thomas Balogh (1905–1985)
1 Introduction
2 Balogh’s Life
3 Baloghian Economics
4 Balogh’s Contributions
5 Conclusion
References
Main Works by Thomas Balogh
Other Works Referred To
Books and Articles about Thomas Balogh
16: Colin Clark (1905–1989)
1 Introduction
2 Beginnings
3 The Economic Advisory Council and Keynes
4 Australia
5 Epiphany
6 Oxford Reclaimed
7 Development Economics
8 Conclusion
References
Primary Sources
Main Works by Colin Clark
Other Works Referred To
17: P.W.S. Andrews (1914–1971)
1 Introduction
2 Early Career
3 Manufacturing Business
4 Andrews’ Later Work
5 Later Appraisals
6 Conclusion
References
Main Works by P.W.S. Andrews
Other Works Referred To
18: Hrothgar John Habakkuk (1915–2002)
1 Introduction
References
Main Works by Hrothgar John Habakkuk
Other Works Referred To
19: David Worswick (1916–2001)
1 Introduction
2 Starting Out
3 Teaching and Academic Life: Introduction
3.1 Teaching
3.2 Other Academic Life
4 Research and Writing
5 The National Institute
6 Economic Forecasting
7 Other National Institute Projects
8 Incomes Policy
9 The Balance of Payments
10 The Problem of Funding
11 Retirement
12 Activities and Honours
13 David’s Broader Life
References
Main Works by David Worswick
Other Works Referred To
20: Ian Little (1918–2012)
1 Introduction
2 Life, Career, Personality
3 Theoretical Welfare Economics
4 Project Evaluation
5 Trade and Development
6 The Indian Economy
7 Ian as Investment Bursar
8 Conclusion
References
Main Works by Ian Little
Other Works Referred To
21: W.M. Gorman (1923–2003)
1 Introduction
2 The Life
3 The Work
3.1 Aggregation
3.2 Separability
3.3 Characteristics
3.4 Duality
4 Conclusion
References
Main Works by W.M. Gorman
Collected Works
Other
Unpublished Works
Other Works Referred To
22: W. Max Corden (1927–)
1 Introduction
1.1 A Lucky Escape
2 LSE and NIESR (1953–1957)
2.1 Mentors and Friends
3 Return to Australia (University of Melbourne, 1958–1962; ANU, Canberra, 1962–1967)
3.1 Effective Protection
4 Oxford, 1967–1976
4.1 The Switch of Research Focus
4.2 Notable Articles Published During the Oxford Years
4.3 Impact on Oxford Economics via Teaching and Graduate Supervision
5 Return to Australia: The ANU, 1977–1986
6 Move to the US: The IMF and SAIS, 1986–2002
7 The Final Return to Melbourne
References
Main Works by Max Corden
Other Works Referred To
23: Derek Robinson (1932–2014)
1 Introduction
2 Imperfect Labour Markets
3 Trade Unions
4 Incomes Policy and the Pay Board
5 Conclusion
Appendix 1: The Retail Price Index (RPI) and Unemployment in the UK, 1960–1985
References
Main Works by Derek Robinson
Other Works Referred To
24: David F. Hendry (1944–)
1 Introduction
2 Economics, Econometrics, and Empirical Modelling
2.1 Dynamic Econometrics
2.2 Co-integration, Error Correction, and the Econometric Analysis of Non-stationary Data
2.3 Empirical Model Discovery and Theory Evaluation
3 Econometrics Software
4 Forecasting
4.1 Making Forecasts
4.2 Understanding Forecasts
4.3 Improving Forecasts
5 Empirical Analysis
5.1 Mortgage and Housing Markets
5.2 Consumers’ Expenditure
5.3 Money Demand
5.4 Television and Ofcom
5.5 Climate Change
6 Oxford Connections
7 Conclusion
References
Main and Cited Works by David F. Hendry
Other Works Referred To
25: Avner Offer (1944–)
1 Introduction
2 Land, Tenures and the Property State
3 Food, Empire and War
4 Wealth and Time, Self-control and Satisfaction
5 The Market Turn
6 Conclusion
References
Main Works by Avner Offer
Other Works Referred To
26: John Muellbauer (1944–)
1 Introduction
2 Origins, Education and Career
3 Muellbauer’s Contributions to Economics
3.1 Early Precursors to the AIDS Model and Economics and Consumer Behaviour
3.2 The AIDS Framework
3.3 Economics and Consumer Behaviour
3.4 Evolution Towards Macroeconomics
3.5 Productivity Growth, Labour and Capacity Utilisation
3.6 Explaining Aggregate Consumption…
3.7 …Then to Both Housing and Consumption
3.8 Housing and the Regional Economy
3.9 Financial Stability and Macroprudential Policy
3.10 Inflation
4 Conclusion
References
Main Works by John Muellbauer
Other Works Referred To
27: Paul Collier (1949–)
1 Early Life
2 Doctoral Research
3 Labour Markets, Natural Resources and Poverty in East Africa
4 Time at the World Bank
5 The Economics of Civil Wars
6 Fragile States
7 A Wider Audience
8 Conclusion
References
Main Works by Paul Collier
Other Works Referred To
28: Anthony J. Venables (1953–)
1 Introduction
2 International Trade
3 Economic Geography
4 Economic Development
5 Conclusion
References
Main Works by Anthony J. Venables
Other Works Referred To
29: Paul David Klemperer (1956–)
1 Introduction
2 Oligopoly
2.1 Switching Costs
3 Auctions in Theory
4 Auctions in Practice
4.1 The Biggest Auction Ever
4.2 The Financial Crisis and the Product-Mix Auction
5 Conclusion
References
Main Works by Paul Klemperer
Other Works Referred To
30: John Vickers (1958–)
1 Introduction
2 Industry
3 Consulting
4 Early Life
5 Research
5.1 Academic Apprenticeship
5.2 Research in Industrial Organization: The Harris-Vickers Collaboration
5.3 The Vickers-Yarrow Collaboration
5.4 But Why Industrial Organization—and Why the Need for Umpires to Ensure Fair Play?
5.5 The Armstrong-Vickers Research Partnership
6 Editorial Work
7 Finance, Money and Banking
8 Public Service
9 Teaching
10 University Leadership
References
Main Works by John Vickers
Other Works Referred To
Notes on Contributors
Index