Richard Stone

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Richard Stone
Born(1913-08-30)30 August 1913
Died6 December 1991(1991-12-06) (aged 78)
Cambridge, England
InstitutionCambridge University
Alma materCambridge University
ContributionsNational accounts, input-output
AwardsNobel Memorial Prize in Economic Sciences (1984)

Sir John Richard Nicholas Stone (30 August 1913 – 6 December 1991) was a British economist. He won the Nobel Prize in Economics in 1984.

Early life[change | change source]

Stone was born on 30 August 1913 in London, England. He studied at the Cambridge University.

Career[change | change source]

In 1984, Stone received the Nobel Prize in Economics. He won the Nobel Prize 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', and is the author of studies of consumer demand statistics and demand modeling, economic growth, and input-output.[1]

Personal life[change | change source]

Stone was married to Winifred Mary Jenkins from 1936 until they divorced in 1940. Then he was married to Feodora Leontinoff from 1941 until her death in 1956. Then he was married to Giovanna Croft-Murray Saffi from 1960 until his death in 1991. Stone had one daughter, Caroline Stone.

Death[change | change source]

Stone died on 6 December 1991 in Cambridge, England from pneumonia, aged 78.[2]

Works[change | change source]

  • Richard Stone and Giovanna Saffi Stone, Social Accounting and Economic Models (1959)
  • Richard Stone and Giovanna Saffi Stone, National Income and Expenditure (1961)

References[change | change source]

  1. Counter-intuitively, the most cited of Richard Stone's works were his publications on consumer demand statistics and modeling. See Eugene Garfield: The 1984 Nobel Prizes in Economics and Literature are Awarded to Sir Richard Stone for Pioneering Systems of National Accounting and to Jaroslav Seifert, the National Poet of Czechoslovakia.
  2. John Richard Nicholas Stone (1913–1991). Library of Economics and Liberty (2nd ed.). Liberty Fund. 2008. {{cite book}}: |work= ignored (help)

Other websites[change | change source]