Roy Harrod
Encyclopedia
Sir Henry Roy Forbes Harrod (February 13, 1900 – March 8, 1978) was an English
economist
. He is best known for his biography of John Maynard Keynes
and the development of the Harrod–Domar model, which he and Evsey Domar
developed independently. He is also known for his International Economics, a former standard textbook, the first edition of which contained some observations and ruminations (wanting in subsequent editions) that would foreshadow theories developed independently by later scholars (such as the Balassa-Samuelson effect
).
Born in London
he attended St Pauls and then Westminster School. Harrod attended New College
in Oxford
on a history scholarship. After a brief period in the Artillery in 1918 he gained a first in "literae humaniores" in 1921, and a first in modern history the following year.
Afterwards he spent some time in 1922 at King's College, Cambridge
. It was there that he met and befriended Keynes
.
After moving back to Oxford, he became a Student (i.e. Fellow
) and Tutor in economics at Christ Church
. He held the fellowship in modern history and economics until 1967. He was still in contact with Keynes and was later his biographer. He was additionally a Fellow at Nuffield College
1938 to 1947 and from 1954 to 1958.
He married Wilhelmine Cresswell (Billa), step-daughter of General Peter Strickland
, in 1938.
During the Second World War, he was briefly in Winston Churchill
's "S branch" - a statistical section within the Admiralty.
After retiring in 1967, he moved to Holt, Norfolk
England
England is a country that is part of the United Kingdom. It shares land borders with Scotland to the north and Wales to the west; the Irish Sea is to the north west, the Celtic Sea to the south west, with the North Sea to the east and the English Channel to the south separating it from continental...
economist
Economist
An economist is a professional in the social science discipline of economics. The individual may also study, develop, and apply theories and concepts from economics and write about economic policy...
. He is best known for his biography of John Maynard Keynes
John Maynard Keynes
John Maynard Keynes, Baron Keynes of Tilton, CB FBA , was a British economist whose ideas have profoundly affected the theory and practice of modern macroeconomics, as well as the economic policies of governments...
and the development of the Harrod–Domar model, which he and Evsey Domar
Evsey Domar
Evsey David Domar was a Russian American economist, famous as co-author of the Harrod–Domar model.- Life :Evsey Domar was born on April 16, 1914 in the Polish city of Łódź, which belonged to Russia at that time...
developed independently. He is also known for his International Economics, a former standard textbook, the first edition of which contained some observations and ruminations (wanting in subsequent editions) that would foreshadow theories developed independently by later scholars (such as the Balassa-Samuelson effect
Balassa-Samuelson effect
The Balassa–Samuelson effect, also known as Harrod–Balassa–Samuelson effect , the Ricardo–Viner–Harrod–Balassa–Samuelson–Penn–Bhagwati effect , productivity biased purchasing power parity and the rule of five eights is either of two related things:#The observation that consumer price levels...
).
Born in London
London
London is the capital city of :England and the :United Kingdom, the largest metropolitan area in the United Kingdom, and the largest urban zone in the European Union by most measures. Located on the River Thames, London has been a major settlement for two millennia, its history going back to its...
he attended St Pauls and then Westminster School. Harrod attended New College
New College, Oxford
New College is one of the constituent colleges of the University of Oxford in the United Kingdom.- Overview :The College's official name, College of St Mary, is the same as that of the older Oriel College; hence, it has been referred to as the "New College of St Mary", and is now almost always...
in Oxford
University of Oxford
The University of Oxford is a university located in Oxford, United Kingdom. It is the second-oldest surviving university in the world and the oldest in the English-speaking world. Although its exact date of foundation is unclear, there is evidence of teaching as far back as 1096...
on a history scholarship. After a brief period in the Artillery in 1918 he gained a first in "literae humaniores" in 1921, and a first in modern history the following year.
Afterwards he spent some time in 1922 at King's College, Cambridge
King's College, Cambridge
King's College is a constituent college of the University of Cambridge, England. The college's full name is "The King's College of our Lady and Saint Nicholas in Cambridge", but it is usually referred to simply as "King's" within the University....
. It was there that he met and befriended Keynes
John Maynard Keynes
John Maynard Keynes, Baron Keynes of Tilton, CB FBA , was a British economist whose ideas have profoundly affected the theory and practice of modern macroeconomics, as well as the economic policies of governments...
.
After moving back to Oxford, he became a Student (i.e. Fellow
Fellow
A fellow in the broadest sense is someone who is an equal or a comrade. The term fellow is also used to describe a person, particularly by those in the upper social classes. It is most often used in an academic context: a fellow is often part of an elite group of learned people who are awarded...
) and Tutor in economics at Christ Church
Christ Church, Oxford
Christ Church or house of Christ, and thus sometimes known as The House), is one of the largest constituent colleges of the University of Oxford in England...
. He held the fellowship in modern history and economics until 1967. He was still in contact with Keynes and was later his biographer. He was additionally a Fellow at Nuffield College
Nuffield College, Oxford
Nuffield College is one of the constituent colleges of the University of Oxford in England. It is an all-graduate college and primarily a research establishment, specialising in the social sciences, particularly economics, politics and sociology. It is a research centre in the social sciences...
1938 to 1947 and from 1954 to 1958.
He married Wilhelmine Cresswell (Billa), step-daughter of General Peter Strickland
Peter Strickland
Lieutenant-General Sir Peter Strickland KCB KBE CMG DSO was a British Army officer who commanded 1st Infantry Division during World War I.-Military career:...
, in 1938.
During the Second World War, he was briefly in Winston Churchill
Winston Churchill
Sir Winston Leonard Spencer-Churchill, was a predominantly Conservative British politician and statesman known for his leadership of the United Kingdom during the Second World War. He is widely regarded as one of the greatest wartime leaders of the century and served as Prime Minister twice...
's "S branch" - a statistical section within the Admiralty.
After retiring in 1967, he moved to Holt, Norfolk
Holt, Norfolk
Holt is a market town and civil parish in the English county of Norfolk. The town is north of the city of Norwich, west of Cromer and east of King's Lynn. The town is on the route of the A148 King's Lynn to Cromer road. The nearest railway station is in the town of Sheringham where access to the...
List of works
- "Doctrines of Imperfect Competition," Quarterly Journal of Economics 48 (May 1934), 442–470.
- "The expansion of Credit in an Advancing Community", Economica NS 1 (August 1934), 287-299.
- The Trade Cycle (Oxford: Clarendon Press, 1936).
- "Mr. Keynes and Traditional Theory," Econometrica NS 5 (January 1937), 74-86.
- "Scope and Method of Economics," Economic Journal 48 (Sept. 1938), 383–412.
- "An Essay in Dynamic Theory," Economic Journal 49 (March 1939), 14–33.
- International economics (London: Nisbet, and Cambridge: Cambridge University Press; New York: Harcourt and Brace). Five editions from 1939 to 1973.
- Towards a Dynamic Economics (London: Macmillan, 1948)
- The Life of John Maynard Keynes (London: Macmillan, 1951)
- "Economic Essays" (London: Macmillan, 1952)
- Foundations of Inductive Logic (1956).
- The Prof: A Personal Memoir of Lord Cherwell (London, Macmillan, 1959)
- "Domar and Dynamic Economics," Economic Journal 69 (September 1959), 451–464.
- "Second Essay in Dynamic Theory," Economic Journal 70 (June 1960), 277–293.
- "Themes in Dynamic Theory," Economic Journal 73 (September 1963), 401–421.
- Sociology, Morals and Mystery, (London: Macmillan, 1970).
- Economic Dynamics (London: Macmillan, 1973).
- The Interwar Correspondence of Roy Harrod (Cheltenham: Elgar, 2003).