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James Meade

James Meade (later another Nobel Prize Laureate) was born in Swanage, Dorset, in 1907 and attended Oriel College, Oxford, in 1926 to read Greats, but switched to Philosophy, Politics and Economics (PPE), securing an outstanding First.

During 1930-1931, he was a postgraduate at Christ's and Trinity Colleges, Cambridge, where he had discussions with Dennis Robertson and John Maynard Keynes among other distinguished economists. Meade was a Lecturer at Hertford College, Oxford, from 1931 to 1937 before going to the League of Nations. In the Second World War, he was a member of the Economic Section of the War Cabinet Secretariat. It was in that role that together with Richard Stone (see Barker 2017) they developed estimates of UK national income accounts (NIAs) under Keynes, who perhaps had under­stood the crucial role of data from his (1920) calculations of the impossibility of Germany paying the reparations imposed in the Treaty of Versailles, as well as Keynes's desire to know what resources the UK had available to fight the Second World War (see Howson 2017 for more details).

The Oxford Savings Surveys were another major data resource, first analysed by Fisher (1956), reinforcing Oxford economics role in data curation. That paper led to the complete May 1957 issue of the Bulletin being devoted to empirical studies of the consumption function with a galaxy of contributors, including Albert Ando and Franco Modigliani, Milton Friedman, Trygve Haavelmo, Lawrence Klein, Denis Sargan and James Tobin, making five Nobel Laureates (Hendry and Phillips (2018) provide more detail about Sargan).

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Source: Cord Robert A. (ed.). The Palgrave Companion to Oxford Economics. Palgrave Macmillan,2021. — 819 p. 2021

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