Josiah Stamp

Josiah Charles Stamp, 1st Baron Stamp, GCB, GBE, FBA (21 June 1880 – 16 April 1941) was an English industrialist, economist, civil servant, statistician, writer, and banker. He was a director of the Bank of England and chairman of the London, Midland and Scottish Railway.

Stamp was born in Hampstead, London, the third of seven children; his youngest brother L. Dudley Stamp became an internationally renowned geographer. At the time of his birth his father owned and managed a provision and general shop in London.

Educated at a private Baptist school, Bethany House at Goudhurst, Kent, Josiah left school at 16 and joined the Civil Service as a boy clerk in the Inland Revenue Department. With a brief interval in the Board of Trade, he rose to assistant inspector of taxes at Hereford in 1903, an inspector of taxes in London in 1909, and assistant secretary in 1916.

Meanwhile, he was studying economics as an external student. He was awarded a first class degree (1911) by the University of London and a doctorate (1916) by the London School of Economics. The thesis, published as British Incomes and Property, became a standard work on the subject and established his academic reputation.

Stamp met his future wife, Olive Jessie Marsh, a soprano and student teacher, when he was seventeen. Pursuing their work and studies separately for several years until their marriage in 1903, they engaged in a correspondence that gives us a rich sense of Stamp's formative years (Jones 1964). Between 1904 and 1917 they had four sons, Wilfred, Trevor, Maxwell and Colin. It was as a result of this marriage that Stamp, son of a Baptist father and Church of England mother, converted to the Wesleyan Methodist Church. A few of his writings (see below), such as Christianity and Economics (1939), discuss the relevance of Christian values to contemporary economics systems.

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