The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

Townshend, Hugh (1890–1974)

  • Victoria Chick
Reference work entry


Townshend is an anomaly amongst economists, for he owes his reputation almost entirely to one brilliant article. He took a First in mathematics at Cambridge in 1912 and stayed on to prepare for the civil service examinations under Keynes’s supervision. He served with the Post Office, where his duties included economic forecasting.


Liquidity preference Loanable funds Townshend, H. Walras’s law 

JEL Classifications

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  1. Hicks, J.R. 1936. Mr. Keynes’s theory of employment (review article). Economic Journal 46: 238–253.CrossRefGoogle Scholar
  2. Keynes, J.M. 1936. The general theory of employment, interest and money. London: Macmillan.Google Scholar
  3. Keynes, J.M. 1973, 1979. Collected writings of J.M. Keynes, vols. 14 and 29, ed. D.E. Moggridge. London: Macmillan.Google Scholar
  4. Shackle, G.L.S. 1967. The years of high theory: Invention and tradition in economic thought, 1926–1939. Cambridge: Cambridge University Press.Google Scholar

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© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • Victoria Chick
    • 1
  1. 1.