Richard Stone
| Sir Richard Stone | |
|---|---|
 |
|
| Born |
30 August 1913 London, England |
| Died | 6 December 1991 (aged 78) Cambridge, England |
| Nationality | British |
| Institution | Cambridge University |
| Field | Economics |
| Alma mater | Cambridge University |
| Doctoral students |
James Mirrlees |
| Influences |
James Meade Colin Clark |
| Contributions | National accounts, input-output |
| Awards | Nobel Memorial Prize in Economic Sciences (1984) |
| Information at IDEAS / RePEc | |
Sir John Richard Nicholas Stone (30 August 1913 – 6 December 1991) was an eminent British economist, educated at Westminster School, Cambridge University (Caius and King's), who in 1984 received the Nobel Memorial Prize in Economic Sciences for developing an accounting model that could be used to track economic activities on a national and, later, an international scale.
Richard Stone was born in London, UK on 30 August 1913. He received an English upper middle class education when he was a child as he attended Cliveden Place and Westminster School. However, he had not been taught mathematics and science until secondary school. When he was 17 years old, he followed his father to India as his father was appointed as a judge in Madras. From India, he visited many Asian countries: Malaya, Singapore, and Indonesia. After travelling for one year, he went back to London and studied in Gonville and Caius College, Cambridge University in 1931, where he studied law for two years.
The young Stone then changed to reading economics. He was interested in economics as he taught that "if there were more economists, the world would be a better place". During the Great Slump of the 1930s, the level of unemployment was very high and it motivated him to know what caused it and how to overcome it. He faced a challenge from his parents as they were disappointed to his choice. However, Stone was very enthusiastic to be an economist and then enjoyed his time studying economics. At his new major, he got supervision from Richard Kahn and Gerald Shove. However, Stone's quantitative mind had been greatly influenced by Colin Clark, Stone's teacher in statistics at Cambridge. Colin then introduced Stone to his project in measuring the national income. This project then brought the greatest name for Stone as he received Nobel Prize because of this topic. After their meeting at Cambridge, Stone and Clark then became best friends.
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