Google released doodle for famous Economist, Professor, Author Sir W Arthur Lewis.
On this day in 1979, Sir W Arthur Lewis was jointly awarded the Nobel Memorial Prize in Economics for his work to model the economic forces that impact developing countries.
Lewis writes in his biography, “My progress through the public schools was accelerated. 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.”
Lewis also helped establish and served as the first president of the Caribbean Development Bank.
In honor of his lifelong achievements, the British government knighted Lewis in 1963.
- In 1932 Sir Arthur Lewis won a scholarship to read for a Bachelor of Commerce degree at the London School of Economics. In 1937, he graduated with first class honours. In 1940, he earned his PhD in Industrial Economics there.
- He is well-known for his work on economic growth and development, international economic history and industrial organisation. The time with the Colonial Office allowed him to attain first-hand knowledge of the inner workings of the colonial government and spurred his thinking and writing about development economies.
- In 1948, he was the Stanley Jevons Professor of Political Economy and the Cobden Lecturer 1948 at Manchester University. Under Lewis’s leadership, the university emerged as the leading place to study development economics in Britain.
- At the end of 1952, Kwame Nkrumah of the Gold Coast in Africa, asked Lewis to advise the government on industrialization. In 1953 his report on industrialization and the Gold Coast was published.