Richard Stone
Sir John Richard Nicholas Stone (August 30, 1913 – December 6, 1991) was an eminent British economist who in 1984 received the Nobel Memorial Prize in Economics for developing an accounting model that could be used to track economic activities on a national and, later, an international scale. He is sometimes known as the father of national income accounting.
Richard Stone also is an author of important studies concerning consumer demand statistics and demand modeling, economic growth, and input-output.
Stone was educated at Westminster School, Cambridge University (Caius and King's). After graduating Cambridge in 1936 and until the World War II he worked at Lloyd's Brokers[1]. During the war Stone worked with James Meade as a statistician and economist for the British Government. They developed there the early versions of the system of national accounts. After the war Stone worked at Cambridge as the director of a department of Applied Economics (1945– 1955) and as a P.D. Leake professor of finance and accounting (emeritus from 1980).
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