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Ralph Turvey (1927–2012)

Roger Middleton ()
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Roger Middleton: University of Bristol

Chapter Chapter 28 in The Palgrave Companion to LSE Economics, 2019, pp 697-721 from Palgrave Macmillan

Abstract: Abstract Middleton surveys the life and writings of the LSE economist, Ralph Turvey (1927–2012), who made contributions to macroeconomics and applied welfare economics. In a three-part career comprising the LSE proper (from outstanding undergraduate to Reader, 1944–1960), LSE secondment to various public bodies, national and international (1960–1989), and then ‘retirement’ (1989–2010), Turvey published at least 150 items. He played a major role in embedding marginal cost pricing in Britain’s then nationalised industries, in developing economic analysis of the electricity sector and, with Thatcherite privatisation and beyond, researching the economics of utility regulation. For Turvey, economic theory must serve practical ends, and his career was devoted to expanding the domain of policy problems for which economics offered rational solutions.

Keywords: Macroeconomics; Welfare economics; Stockholm School; Cost–benefit analysis; Energy economics; Utilities; Regulation; Cost of living indices; Economic advice; Economic history (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-58274-4_28

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DOI: 10.1057/978-1-137-58274-4_28

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