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Colin Clark (1905–1989)

In: The Palgrave Companion to Oxford Economics

Author

Listed:
  • Alex Millmow

    (Federation Business School)

Abstract

One prodigal Oxford economist overlooked for the Nobel Prize in Economics was surely Colin Clark. He made contributions in many fields, including national income accounting, development economics, public finance, transport economics, location economics, agricultural economics, the history of ideas and the economic consequences of population growth. Clark pursued these interests during the time he was Director of the Agricultural Economics Research Institute in Oxford. While his imaginative approach to estimating Britain’s national income in the 1930s was recognised by Keynes, it did not impress Whitehall officialdom. It may, apart from the attraction of Australia itself, have been a factor in Clark’s decision to take a high-level advisory job in Queensland. His brilliance as an economic statistician was to work with poor and obscure data yet still generate meaningful findings. However, this reputation was sullied in later years over the population growth debate as a result of Clark’s use of inadequate data and lack of statistical refinement. His standing among economists was further diminished by his relish for drawing unfashionable conclusions about public policy.

Suggested Citation

  • Alex Millmow, 2021. "Colin Clark (1905–1989)," Springer Books, in: Robert A. Cord (ed.), The Palgrave Companion to Oxford Economics, edition 1, chapter 16, pages 371-394, Springer.
    • Handle: RePEc:spr:sprchp:978-3-030-58471-9_16
    DOI: 10.1007/978-3-030-58471-9_16
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