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The Nobel Memorial Laureates in Economics

The Nobel Memorial Laureates in Economics

An Introduction to Their Careers and Main Published Works

Howard R. Vane and Chris Mulhearn

Erudite, accessible and lucidly written, this book provides a stimulating introduction to the careers and main published works of the Nobel Memorial Laureates in Economics. It will prove to be an invaluable reference book on key figures in economics and their path-breaking insights. The vignettes should also encourage the reader to sample some of the Laureates’ original works and gain a better understanding of the context in which new ideas were first put forward.


Howard R. Vane and Chris Mulhearn

Subjects: economics and finance, economic psychology, history of economic thought


THE 1977 NOBEL MEMORIAL LAUREATES BERTIL OHLIN AND JAMES MEADE BERTIL OHLIN Bertil G. Ohlin (1899–1979) © The Nobel Foundation Bertil Ohlin was born in Klippan, Sweden in 1899. He studied economics, mathematics and statistics at the University of Lund, obtaining a BA in 1917. He subsequently studied at the Stockholm School of Economics and Business, Harvard University and the University of Cambridge, before being awarded a doctorate from the University of Stockholm in 1924 with his thesis, ‘The Theory of Trade’. From 1925 to 1930, Ohlin was Professor of Economics at the University of Copenhagen. In 1930 he returned to the Stockholm School of Economics and Business where he held the post of Professor of Economics until his retirement in 1965. In addition to his academic career, Ohlin was actively engaged in politics. During his political career he was chairman of the Liberal Youth Federation from 1934 to 1939, a member of the Swedish Parliament from 1938 to 1970, leader of the (opposition) Swedish Liberal Party from 1944 to 1967, and he served in the coalition government as Minister of Trade from 1944 to 1945. In 1977 Ohlin was awarded, jointly with the British economist James Meade, the Nobel Memorial Prize in Economics ‘for their pathbreaking contribution to the theory of international trade and international capital movements’ (Nobel Foundation, 2004). 90 BERTIL OHLIN Although Ohlin first gained international recognition in the late 1920s following his debate with John Maynard Keynes on the transfer problem in the context of Germany’s...

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