James Meade

James Meade was educated at Malvern College, House 8, until 1921 when he left to study classics at Oriel College, Cambridge. Meade quickly made the switch to the newly established course in philosophy, politics and economics (PPE) where he excelled and eventually graduated with a first in 1930. He was immediately elected as a Fellow of Hertford College, Oxford, and lectured in economics at Oxford in the 1930s. Meade began developing and publishing his ideas about what is now macroeconomics and wrote an early and very sophisticated textbook on modern economics. During WWII he worked in the Economic Section of the Secretariat of the War Cabinet, which he chaired from 1946-47, and made major contributions to the new economic thinking which would underly the post-war world. After the war Meade lectured at the London School of Economics and further developed his Theory of International Economic Policy. This helped earn him the Nobel Prize in Economic Sciences in 1977, alongside Swedish economist Bertil Ohlin, for their pathbreaking contribution to the theory of international trade and international capital movements. This work forms the basis for much of what is now taught as International Economics, such as the rationale for preferential trade agreements. Meade continued teaching after moving to Cambridge and published several other works in his lifetime. He was appointed Most Honourable Order of the Bath (CB) in 1946, served as President of the Royal Economic Society from 1964-66 and received an Honorary Doctorate from the University of Bath in 1976.