The London School of Economics

  • Warner Max Corden
Part of the Palgrave Studies in the History of Economic Thought book series (PHET)


I was in London for five years, first at the LSE and then at the National Institute. There is much to describe. I got to know Harry Johnson, who became my patron-saint, and numerous young economists, some future stars, several of whom played a role in my future life: John Black, Richard Lipsey, Kelvin Lancaster, Tad Rybczynski, Peter Kenen, Richard Cooper, Bob Mundell, Tom Klein, and several others.

James Meade was my supervisor; he was impressive in what he had achieved in his work earlier in the British government, and he was extremely polite. For his work, he won the Nobel Prize. My thesis was good training, though (with hindsight) not impressive. But, surprisingly, I had started on my work on the theory of protection, which turned out to be much more significant.

I managed to see the Coronation procession and, in 1957, to get married.


  1. All the information above, and more, about James Meade, can be found in a long and fascinating article on Meade in the New Palgrave Dictionary of Economics, Vol 3, written by David Vines, a Melbourne graduate and later colleague of Meade in Cambridge.Google Scholar
  2. W. M. Corden, “The Control of Imports: A Case Study.”, The Manchester School, September 1958.Google Scholar
  3. WM Corden, “The Maximisation of Profits by a Newspaper”, The Review of Economic Studies, vol. 20 1952–53.Google Scholar
  4. WM Corden “Economic Expansion and International Trade: A Geometric Approach.” Oxford Economic Papers, June 1956.Google Scholar
  5. WM Corden, “The Calculation of the Cost of Protection”, The Economic Record, May 1957.Google Scholar
  6. WM Corden, “Tariffs, Subsidies and the Terms of Trade”, Economica, August 1957.Google Scholar
  7. WM Corden with M.F. Hemming, “Import Restriction as an Instrument of Balance-of-Payments Policy”, Economic Journal September 1958.Google Scholar
  8. WM Corden with Peter Neary, “Booming Sector and De-Industrialisation in a Small Open Economy”, The Economic Journal, December 1982.Google Scholar
  9. James Meade, The Balance of Payments, Oxford University Press 1951.Google Scholar
  10. James Meade, Trade and Welfare, Oxford University Press, 1955.Google Scholar
  11. James Meade, A Geometry of International Trade, Oxford University Press, 1952.Google Scholar
  12. James Meade Economic Analysis and Policy, Oxford University Press 1936.Google Scholar
  13. Peter Karmel, “The Economic Effects of Immigration”, in Australia and the Migrant, Australian Institute of Political Science, Angus and Robertson 1953.Google Scholar
  14. Harry G Johnson, “Increasing Productivity, Income-Price Trends and the Trade Balance”, Economic Journal, September 1954.Google Scholar
  15. Harry G Johnson, International Trade and Economic Growth, Allen and Unwin 1958.Google Scholar
  16. John Black, “Economic Expansion and International Trade: A Marshallian Approach” Review of Economic Studies, June 1956Google Scholar
  17. Tad Rybczynski, “Factor Endowments and Relative Commodity Prices” Economica 1955.Google Scholar
  18. Kelvin Lancaster, Variety, Equity and Efficiency, Columbia University Press, 1979.Google Scholar
  19. Kelvin Lancaster, “A New Approach to Consumer Theory”, Journal of Political Economy, 1966.Google Scholar
  20. Kelvin Lancaster, “Socially Optimal Product Differentiation”, American Economic Review, 1975.Google Scholar
  21. Richard Lipsey, An Introduction to Positive Economics 1963. (also 11 translations)Google Scholar
  22. Richard Lipsey and Kelvin Lancaster, “he General Theory of Second Best”, Review of Economic Studies 1956.Google Scholar
  23. Richard Cooper, The Economics of Interdependence, Columbia University Press 1968.Google Scholar
  24. Boswell’s London Journal 1962–63, Frederick Pottle (ed.), Heinemann, London 1950.Google Scholar

Copyright information

© The Author(s) 2017

Authors and Affiliations

  • Warner Max Corden
    • 1
  1. 1.University of MelbourneMelbourneAustralia

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