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Frank Walter Paish (1898–1988)

In: The Palgrave Companion to LSE Economics

Author

Listed:
  • Robert A. Cord

    (Researcher in Economics)

Abstract

Frank Paish was on the staff of the Economics Department at LSE for over three decades from the early 1930s to the mid-1960s. Although he has faded into obscurity, Paish made important contributions across a number of fields in economics. He is best known for the Paish doctrine, which argued, somewhat controversially when it was put forward in the 1960s, that in order to secure stable prices there must be a certain level of spare capacity (unemployment) in the economy. Although Paish was for a time influential in British government circles, his policy proposals subsequently fell out of favour due to the occurrence of high unemployment and persistent inflation.

Suggested Citation

  • Robert A. Cord, 2019. "Frank Walter Paish (1898–1988)," Palgrave Macmillan Books, in: Robert A. Cord (ed.), The Palgrave Companion to LSE Economics, chapter 0, pages 311-328, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-58274-4_12
    DOI: 10.1057/978-1-137-58274-4_12
    as

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