Frank Walter Paish (1898–1988)

Robert A. Cord ()
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Robert A. Cord: Researcher in Economics

Chapter Chapter 12 in The Palgrave Companion to LSE Economics, 2019, pp 311-328 from Palgrave Macmillan

Abstract: Abstract Frank Paish was on the staff of the Economics Department at LSE for over three decades from the early 1930s to the mid-1960s. Although he has faded into obscurity, Paish made important contributions across a number of fields in economics. He is best known for the Paish doctrine, which argued, somewhat controversially when it was put forward in the 1960s, that in order to secure stable prices there must be a certain level of spare capacity (unemployment) in the economy. Although Paish was for a time influential in British government circles, his policy proposals subsequently fell out of favour due to the occurrence of high unemployment and persistent inflation.

Keywords: Frank Paish; Output; Unemployment; Inflation; Growth; Incomes policy; Business finance; Insurance funds (search for similar items in EconPapers)
Date: 2019
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DOI: 10.1057/978-1-137-58274-4_12

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