Routledge Dictionary of Economics, Second Edition
Stone, John Richard Nicholas, 1913–1991 (B3)
Cambridge economist and statistician who pioneered much of NATIONAL INCOME analysis. He was educated at Cambridge University and a member of the Central Statistical Office of the UK War Cabinet from 1940 to 1945 before returning to Cambridge to be Director of the Department of Applied Economics, from 1945 to 1955, and Professor of Financial Accounting, from 1955 to 1980. His first work, an article on costs, appeared in Econometrica as early as 1936.
Not only national income accounting but demand analysis, INPUT-OUTPUT ANALYSIS and aggregate consumption and savings functions have been central to his research. He was awarded the NOBEL PRIZE FOR ECONOMICS in 1984.
References
Deaton, A. (ed.) (1981) Essays in the Theory and Measurement of Consumer Behaviour in Honour of Sir Richard Stone, Cambridge: Cambridge University Press.
Stone, R. (1954–66) The Measurement of Consumers’ Expenditure and Behaviour in the United Kingdom, 1920–38, Cambridge: Cambridge University Press.
——(1959) Social Accounting and Economic Models, London: Bowes & Bowes.
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