Sir Richard Stone, knighted in 1978 and Nobel Laureate in Economics in 1984, was one of the pioneering architects of national income and social accounts, and one of the few economists of his generation to have faced the challenge of eocnomics as a science by combining theory and measurement within a cohesive framework. He was awarded the Nobel Prize in Economics for his 'fundamental contributions to the development of national accounts, but made equally significant contributions to the empirical analysis of consumer behaviour. His work on the long-running DAE 'Growth Project' was also instrumental in the development of appropriate economic methodology for the construction and analysis of large disaggregated economic models. This paper provides an analysis of Stone?s many contributions.
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