Sir Arthur Lewis

AAA

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.

INVESTOPEDIA EXPLAINS '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.

RELATED TERMS
  1. Economist

    An expert who studies the relationship between a society's resources ...
  2. Emerging Market Economy

    A nation's economy that is progressing toward becoming advanced, ...
  3. Human Capital

    A measure of the economic value of an employee's skill set. This ...
  4. Economic Growth

    An increase in the capacity of an economy to produce goods and ...
  5. Rothschild

    A prominent family of German bankers that established banking ...
  6. The Clark Medal

    An informal name for the John Bates Clark Medal, which is a prize ...
Related Articles
  1. How Influential Economists Changed Our ...
    Fundamental Analysis

    How Influential Economists Changed Our ...

  2. The Uncertainty Of Economics: Exploring ...
    Economics

    The Uncertainty Of Economics: Exploring ...

  3. Why Can't Economists Agree?
    Economics

    Why Can't Economists Agree?

  4. What Is An Emerging Market Economy?
    Economics

    What Is An Emerging Market Economy?

comments powered by Disqus
Hot Definitions
  1. Accounts Payable - AP

    An accounting entry that represents an entity's obligation to pay off a short-term debt to its creditors. The accounts payable ...
  2. Ratio Analysis

    Quantitative analysis of information contained in a company’s financial statements. Ratio analysis is based on line items ...
  3. Days Payable Outstanding - DPO

    A company's average payable period. Calculated as: ending accounts payable / (cost of sales/number of days).
  4. Net Sales

    The amount of sales generated by a company after the deduction of returns, allowances for damaged or missing goods and any ...
  5. Over The Counter

    A security traded in some context other than on a formal exchange such as the NYSE, TSX, AMEX, etc. The phrase "over-the-counter" ...
  6. Earnings Before Interest After Taxes - EBIAT

    A financial measure that is an indicator of a company's operating performance. EBIAT, which is equivalent to after-tax EBIT ...
Trading Center