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Intellectuals & Academics » Economists » SIR RICHARD STONE

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Full name : Sir Richard Stone
Alias : Sir Richard Stone
Gender : Men
Country : England
Birthday : 30-08-1913
Address : London
Animals : Ox
Zodiac : Virgo
Died : 06-12-1991
Father : Gilbert Stone
Mother : Elsie
Siblings :
Wife : Winifred Mary Jenkins, Feodora Leontinoff, Giovanna Croft-Murray
Children :
Education : Westminster School (1926-30) Gonville and Caius College Cambridge University (1931-35) ScD Cambridge University (1957)
Position :
Activists : Economists

Sir John Richard Nicholas (Dick) Stone was an outstanding figure in postwar British applied econometrics. He was one of the pioneering architects of national income accounting and was amongst the first contemporary economists of his generation to distinctively blend theory and application in his approach to economic analysis. He was awarded the Nobel Prize in economics for his significant contributions to the empirical analysis of consumer behavior. His distinctive contribution was however to integrate national income into the double book-keeping format. This technique has been universally accepted as the best way to measure national income. Nowadays, he is often referred to as ‘the father of national income accounting’. A noble prize winner, Sir Richard Stone’s “Growth Project” created a remarkable macroeconomic model of the British economy. His tenure at the Department of Applied Economics, Cambridge, was instrumental in turning the institute into the best center for applied economics and became a hive attracting top notch economists from around the world.

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