DEFINITION of 'Sir Arthur Lewis'

A St. Lucian economist who won the Nobel Memorial Prize in Economics in 1979, along with Theodore Schultz, for his research in development economics. Sir Arthur Lewis created two models that help explain economic growth in developing economies in terms of industrial growth and labor growth.

BREAKING DOWN 'Sir Arthur Lewis'

Lewis became a professor in the London School of Economics, and later taught at the University of Manchester, the University of the West Indies and Princeton. In St. Lucia, the Sir Arthur Lewis Community College is named in his honor. He was born in 1915 in St. Lucia and earned his Ph.D. in industrial economics from the London School of Economics. Lewis died in 1991.

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