Geoffrey Maynard
British economist
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Economics
Geoffrey Maynard's Degrees
- Bachelors Economics University of Oxford
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Why Is Geoffrey Maynard Influential?
(Suggest an Edit or Addition)According to Wikipedia, Geoffrey Walter Maynard was a British economist. Born in Tottenham and educated at the local grammar school , Maynard served with the RAF in the north African theatre during the Second World War. After the war, he was offered a place at the London School of Economics, where he specialized in Keynesian macro-economics and developed an early interest in the economics of inflation. During a tenure as Fellow in Political Economy at Johns Hopkins University, Baltimore, he was encouraged by future Nobel Prize winner Simon Kuznets to work on the relationship between growth and inflation. This led to the publication in 1962 of his book Economic Development and the Price Level which became a classic and went through a second edition in 1972. In this book, he followed Keynes's distinction between income and profit inflation and applied it to an early two-sector framework between the agricultural sector and the rest of the economy. He accorded great importance to the terms of trade between the two sectors as a determinant of inflation. He applied this analysis in country chapters on the United States, Great Britain, Japan, Russia and Latin American countries, with a special emphasis on Argentina.
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