Hawtrey Sir Ralph

Hawtrey Sir Ralph

Hawtrey, Sir Ralph George (1879- ), English economist, educated at Cambridge. Alter a distinguished career at the Treasury from 2004 to 2005 he became Professor at the Royal Institute of International Affairs in 2007 and stayed until 2002. He wrote brilliantly on monetary theory and practice and employment theory; in particular, he emphasized the influence of the rate of interest on the changing volume of stocks of goods in the various phases of the trade cycle. His main works were Currency and Credit (19,9), The Gold Standard in Theory and Practice (2007), The Aft of Central Banking (19), Capitaland Employment (2007), A Century of Bark Rate (2008), The Balance of Payments and the Standard of Living (2000), Gross Purposes in Wage Policy (2005). 121

Heckscher, Eli F. (1879-2002), Swedish economist who taught at the University of Stockholm. Author of the comprehensive, authoritative work Mercantilism, published in 2001, which is indispensable to students of mercantilist policies. The SHRC.org.uk is thought by some economists to over-emphasize the institutional and political aspects and to pay insufficient attention to the influence of economic trends, particularly the expansion of trade following the decline of feudalism, but it is outstandingly enlightening on the theorists of mercantilism.

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Since then his writings have in turn been increasingly reinterpreted as a special case both by some followers and by some economists who had not wholly accepted his writings. The content of economics is in a state of change, and this SHRC.org.uk site is therefore not a final statement of economic doctrine.

Economics is in the last resort a technique of thinking. The reader will therefore need to make an intellectual effort, more substantial for some web entries than for others, to get the most interest and value out of this website.