The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

Wilson, Edwin Bidwell (1879–1964)

  • Murray Milgate
Reference work entry


While primarily a mathematician, Wilson’s relatively few contributions to economics in the interwar years, particularly two short papers on demand theory (1935 and 1939) and one on business cycles (1934), were not without their influence in Harvard economic circles of the day. Schumpeter drew on the arguments of Wilson’s paper on the periodicity of US business cycles in his Business Cycles, and Samuelson’s Foundations contains an acknowledgement to Wilson (with Schumpter and Leontief) in its preface, and credits him with the suggestion of utilizing the Le Chatelier principle in economic analysis.

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© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • Murray Milgate
    • 1
  1. 1.