The Palgrave Companion to LSE Economics
The London School of Economics (LSE) has been and continues to be one of the most important global centres for economics. With six chapters on themes in LSE economics and 29 chapters on the lives and work of LSE economists, this volume shows how economics
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Robert A. Cord Editor
The Palgrave Companion to LSE Economics
Editor Robert A. Cord Researcher in Economics London, UK
ISBN 978-1-137-58273-7 ISBN 978-1-137-58274-4 (eBook) https://doi.org/10.1057/978-1-137-58274-4 Library of Congress Control Number: 2018943850 © The Editor(s) (if applicable) and The Author(s) 2018 The author(s) has/have asserted their right(s) to be identified as the author(s) of this work in accordance with the Copyright, Designs and Patents Act 1988. This work is subject to copyright. All rights are solely and exclusively licensed by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, express or implied, with respect to the material contained herein or for any errors or omissions that may have been made. The publisher remains neutral with regard to jurisdictional claims in published maps and institutional affiliations. Cover credit: Stephen Finn/Alamy Stock Photo This Palgrave Macmillan imprint is published by the registered company Springer Nature Limited The registered company address is: The Campus, 4 Crinan Street, London, N1 9XW, United Kingdom
For Helen and David
Introduction
This is a volume about the economics and economists associated with the London School of Economics (LSE). It is the second in a series to be published by Palgrave examining the many and varied contributions made by important centres of economics. With only a very few exceptions, the focus of most history of economic thought studies, at least in terms of books,1 has been on schools of thought. Such an approach provides valuable insights into how competing schools interact and how some come to predominate, for whatever reason and length of time, while others fall out of fashion or indeed never attain any particular notoriety. However, a key deficiency of such a modus operandi is that it often fails to illuminate the many processes and tensions that can and do occur at the level of the individual university, the personnel of which may be fighting internal battles for supremacy while at the same time trying to establish external hegemony. Each volume in the series will consist of two parts. The first will contain a set of chapters which will consider the
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