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19-616: Sir Henry Roy Forbes Harrod (13 February 1900 – 8 March 1978) was an English economist . He is best known for writing The Life of John Maynard Keynes (1951) and for the development of the Harrod–Domar model , which he and Evsey Domar developed independently. He is also known for his International Economics , a former standard textbook of international economics , the first edition of which contained some observations and ruminations (wanting in subsequent editions) that would foreshadow theories developed independently by later scholars (such as

38-427: A variety of major national and international firms in the financial and commercial sectors, and in manufacturing, retailing and IT, as well as in the public sector – for example, in the health and education sectors, or in government and politics . Some graduates go on to undertake postgraduate studies , either in economics, research, teacher training or further qualifications in specialist areas. Unlike most nations,

57-524: Is a formalized role. Professionals here are employed (or engaged as consultants ) to conduct research, prepare reports, or formulate plans and strategies to address economic problems. Here, as outlined, the analyst provides forecasts, analysis and advice, based upon observed trends and economic principles; this entails also collecting and processing economic and statistical data using econometric methods and statistical techniques. In contrast to regulated professions such as engineering, law or medicine, there

76-557: Is not a legally required educational requirement or license for economists. In academia, most economists have a Ph.D. degree in Economics . In the U.S. Government, on the other hand, a person can be hired as an economist provided that they have a degree that included or was supplemented by 21 semester hours in economics and three hours in statistics, accounting, or calculus. In fact, a professional working inside of one of many fields of economics or having an academic degree in this subject

95-401: Is often considered to be an economist; see Bachelor of Economics and Master of Economics . Economics graduates are employed in varying degrees depending on the regional economic scenario and labour market conditions at the time for a given country. Apart from the specific understanding of the subject, employers value the skills of numeracy and analysis, the ability to communicate and

114-699: The Balassa–Samuelson effect ). Harrod was born in London to businessman Henry Dawes Harrod and novelist Frances Forbes-Robertson . He attended St Paul's School and then Westminster School . Harrod attended New College in Oxford on a history scholarship. After a brief period in the Artillery, he gained a first in literae humaniores in 1921, and a first in modern history the following year. Afterwards he spent some time in 1922 at King's College, Cambridge . It

133-928: The UK are the more than 3500 members of the Government Economic Service . Analysis of destination surveys for economics graduates from a number of selected top schools of economics in the United Kingdom (ranging from Newcastle University to the London School of Economics ), shows nearly 80 percent in employment six months after graduation – with a wide range of roles and employers, including regional, national and international organisations, across many sectors. Some current well-known economists include: [REDACTED] The dictionary definition of economist at Wiktionary Geoffrey Keynes Too Many Requests If you report this error to

152-709: The Keynes depicted by Harrod, and Skidelsky in particular has contrasted his account of Keynes with what he has depicted as Harrod's hagiography. Harrod was knighted in the 1959 New Year Honours . The Harrod Papers are housed at the British Library . The papers can be accessed through the British Library catalogue. Economist The individual may also study, develop, and apply theories and concepts from economics and write about economic policy . Within this field there are many sub-fields, ranging from

171-612: The Second World War, he was briefly in Winston Churchill 's " S-branch " – a statistical section within the Admiralty. At the 1945 General Election , he stood as Liberal candidate for Huddersfield and finished third of three candidates, with 16.2% of the vote. In 1966, Harrod, was the 2nd winner of the prestigious Bernhard-Harms-Preis . After retiring in 1967, he moved to Holt, Norfolk . Interviewed for

190-699: The book Authors take Sides on Vietnam , Harrod declared himself a supporter of the American military campaign in Indochina. Assar Lindbeck , the former chairman of the Nobel Prize Committee , wrote that Harrod would have been awarded a Nobel Memorial Prize in Economic Sciences if he had lived longer. Harrod married Wilhelmine "Billa" Cresswell (1911–2005), step-daughter of General Sir Peter Strickland , in 1938. One of their sons

209-447: The broad philosophical theories to the focused study of minutiae within specific markets , macroeconomic analysis, microeconomic analysis or financial statement analysis , involving analytical methods and tools such as econometrics , statistics , economics computational models , financial economics , regulatory impact analysis and mathematical economics . Economists work in many fields including academia, government and in

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228-418: The capacity to grasp broad issues which the graduates acquire at the university or college . Whilst only a few economics graduates may be expected to become professional economists, many find it a base for entry into a career in finance – including accounting, insurance, tax and banking, or management . A number of economics graduates from around the world have been successful in obtaining employment in

247-680: The economist profession in Brazil is regulated by law; specifically, Law № 1,411, of August 13, 1951. The professional designation of an economist, according to said law, is exclusive to those who graduated with a Bachelor of Economics degree in Brazil. According to the United States Department of Labor , there were about 15,000 non-academic economists in the United States in 2008, with a median salary of roughly $ 83,000, and

266-665: The private sector, where they may also "study data and statistics in order to spot trends in economic activity, economic confidence levels, and consumer attitudes. They assess this information using advanced methods in statistical analysis, mathematics, computer programming [and] they make recommendations about ways to improve the efficiency of a system or take advantage of trends as they begin." In addition to government and academia, economists are also employed in banking , finance , accountancy , commerce , marketing , business administration , lobbying and non- or not-for profit organizations. In many organizations, an " Economic Analyst "

285-665: The top ten percent earning more than $ 147,040 annually. Nearly 135 colleges and universities grant around 900 new Ph.D.s every year. Incomes are highest for those in the private sector, followed by the federal government, with academia paying the lowest incomes. As of January 2013, PayScale.com showed Ph.D. economists' salary ranges as follows: all Ph.D. economists, $ 61,000 to $ 160,000; Ph.D. corporate economists, $ 71,000 to $ 207,000; economics full professors, $ 89,000 to $ 137,000; economics associate professors, $ 59,000 to $ 156,000, and economics assistant professors, $ 72,000 to $ 100,000. The largest single professional grouping of economists in

304-510: Was Dominick Harrod , an economics correspondent for the BBC. After the death of his Cambridge friend and colleague, the economist John Maynard Keynes , in 1946, Harrod and Austin Robinson wrote a lengthy obituary of Keynes for The Economic Journal . At the encouragement of Geoffrey Keynes , Harrod then undertook the task of writing a major biography of Keynes. The Life of John Maynard Keynes

323-484: Was part of the Railway Club, which included: Henry Yorke , Roy Harrod, Henry Thynne, 6th Marquess of Bath , David Plunket Greene , Edward Henry Charles James Fox-Strangways, 7th Earl of Ilchester , Brian Howard , Michael Parsons, 6th Earl of Rosse , John Sutro , Hugh Lygon , Harold Acton , Bryan Guinness, 2nd Baron Moyne , Patrick Balfour, 3rd Baron Kinross , Mark Ogilvie-Grant , John Drury-Lowe . During

342-689: Was published to widespread acclaim in 1951, at a time when most of Keynes's family and friends were still alive. With the post-war influence of so-called Keynesian economics and then challenges to it, cultural interest in the Bloomsbury Group , and the publication of thirty volumes of The Collected Writings of John Maynard Keynes in the 1970s and 1980s, high interest in Keynes's life led to further biographies, most prominently by Robert Skidelsky and Donald Moggridge, and to detailed studies such as by Donald Markwell on Keynes and international relations. These works have corrected and added details to

361-450: Was there that he met and befriended John Maynard Keynes . After moving back to Oxford, he became a Student (i.e., Fellow ) and Tutor in economics at Christ Church . He held the fellowship in modern history and economics until 1967. He remained in contact with Keynes until Keynes's death in 1946, and was later his biographer (1951). Harrod was additionally a Fellow at Nuffield College 1938 to 1947 and from 1954 to 1958. At Oxford Harrod

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