Wednesday, November 18, 2020

Sir Arthur Lewis - 1979 Nobel Prize for Economic Sciences.

"When I was seven I had to stay home for several weeks because of some ailment, whereupon my father elected to teach me so that I should not fall behind. In fact, he taught me in three months as much as the school taught in two years, so, on returning to school, I was shifted from grade 4 to grade 6. So, the rest of my school life and early working life, up to age 18, was spent with fellow students or workers two or three years older than I. This gave me a terrible sense of physical inferiority, as well as an understanding, which has remained with me ever since, that high marks are not everything." 

Wise words from economist Sir Arthur Lewis, who was awarded the 1979 Prize in Economic Sciences. Lewis' father passed away shortly after this and Lewis was brought up by his mother who he himself describes as "the most highly-disciplined and hardest working person I have ever known". 

Lewis became an economist and subsequently developed two economic models which mark out the causes of poverty among the population of the developing countries, as well as the factors determining the unsatisfactory pace of development.

Learn more about his life: https://www.nobelprize.org/prizes/economic-sciences/1979/lewis/biographical/

Grateful thanks to 

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