Overview
- Offers a thematic approach to the life and works of Allyn Young (1876-1929)
- Reviews Young's contribution to Economics, Theory of Value and Distribution, Growth Theory, Money and Banking and Business Cycles
- Examines his role as a teacher and a mentor
Part of the book series: Great Thinkers in Economics (GTE)
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Table of contents (10 chapters)
Keywords
- Allyn Abbott Young
- History of economic thought
- Theory of Value and Distribution
- Business Cycles
- English political economy
- Growth theory
- Division of labour
- Cumulative causation
- Economics of Disequilibrium
- post-WWII development economists
- Monopolistic competition
- Product differentiation
- Economic theory
- Banking statistics
About this book
Allyn Young (1876-1929) was a deep thinker and achieved fame during his lifetime. His fame owes more to his style and influence as a teacher than his published work. His greatest fame as an author rests on a single economic paper on increasing returns and economic progress but he contributed much more as a mentor to his graduate students such as Frank Knight, Edward Chamberlin, and Lauchlin Currie at Harvard and to the undergraduate Nicholas Kaldor at the London School of Economics. He shot into international fame for his role as a member of the American delegation led by President Woodrow Wilson to negotiate peace at Paris after WWI. However, recent interest in Young is more due to his thought than to his contribution to the economics profession or public service. At the time of his death, he was working on two treatises, one on Money and the other on Economics. The one on Money was at a fairly advanced stage but no trace of either was found in his family’s hasty departure from London after his untimely death.
There is a general dearth of published material about Young, his thought and his life. His economic thought, apart from his views on growth theory and monetary economics, is relatively unknown. This volume offers a thematic approach to his contributions and biography.
Authors and Affiliations
About the author
Ramesh Chandra received his PhD in Economics from the University of Strathclyde, UK, and studied economics at the Delhi School of Economics, University of California (Berkeley) and University of Glasgow. He has held professorships at Lal Bahadur Shastri National Academy of Administration and Indian Council of Research on International Economic Relations, India, among others. His research interests include Trade Policy and Growth, the relationship between Economic Thought and Development Economics, and the History of Economic Thought. He has published extensively in journals such as The Manchester School, Scottish Journal of Political Economy, Journal of Development Studies, Journal of Asian Economics, Review of Political Economy, Cambridge Journal of Economics, Journal of Economic Studies and Journal of Economic Issues.
Bibliographic Information
Book Title: Allyn Abbott Young
Authors: Ramesh Chandra
Series Title: Great Thinkers in Economics
DOI: https://doi.org/10.1007/978-3-030-31981-6
Publisher: Palgrave Macmillan Cham
eBook Packages: Economics and Finance, Economics and Finance (R0)
Copyright Information: The Editor(s) (if applicable) and The Author(s) 2020
Hardcover ISBN: 978-3-030-31980-9Published: 11 December 2019
Softcover ISBN: 978-3-030-31983-0Published: 15 January 2021
eBook ISBN: 978-3-030-31981-6Published: 27 November 2019
Series ISSN: 2662-6276
Series E-ISSN: 2662-6284
Edition Number: 1
Number of Pages: XIV, 348
Topics: History of Economic Thought/Methodology, Economic Theory/Quantitative Economics/Mathematical Methods, Economic History, Economic Growth