KAHN, RICHARD FERDINAND, LORD
- KAHN, RICHARD FERDINAND, LORD
- KAHN, RICHARD FERDINAND, LORD (1905–1989), British economist.
Kahn, son of Augustus Kahn (1868–1944), a well-known educator and
communal worker, was a disciple of the economist J.M. Keynes, whom he
succeeded as bursar of King's College, Cambridge. Born in London, Kahn
was educated at St. Paul's and Cambridge and became a fellow of King's
College, Cambridge, in 1930. In 1951 he was appointed professor of
economics at Cambridge. He was the author of the "multiplier theory,"
which deals with the ability to save and invest as against the
propensity to consume. Kahn was extremely influential in the origins of
Keynes' celebrated General Theory (1936) and was the originator of
several of its crucial concepts. An authority on investment and
international trade, Kahn was a member of several government committees,
a part-time member of the National Coal Board (1967), and an adviser to
banking firms. In 1955 he was appointed to the research and planning
division of the United Nations Economic Commission for Europe. He was
created a life peer in 1965. Among his writings are "The Relation of
Home Investment to Unemployment" (Economic Journal, 1931),
and Payments Arrangements among the Developing Countries for Trade
Expansion (1966). In early and later life Kahn was an observant
Orthodox Jew.
-ADD. BIBLIOGRAPHY:
ODNB online.
(John M. Shaftesley)
Encyclopedia Judaica.
1971.
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