- Richard Kahn, Baron Kahn
Richard Ferdinand Kahn, Baron Kahn, CBE, (
10 August 1905 –6 June 1989 ) was a British economist.Kahn was born in
Hampstead to Augustus Kahn, a German schoolmaster and anorthodox Jew , and Regina Schoyer. He raised inEngland and was educated onSt Paul's School ,London . Kahn received aBachelor of Arts in 1927, had been supervised byGerald Shove andJohn Maynard Keynes . In 1930, he was elected aFellow of King's College.He worked in the Faculty of Economics and Politics from 1933, becoming Director of Studies for economics students at King's in 1947, a post he held until 1951. Instead Kahn was appointed
Professor ofEconomics , which he stayed for over twenty years.Arguably, Kahn's most notable contribution to economics was his principle of the multiplier. The multiplier is the relation between the increase in aggregate expenditure and the increase in net national product (output). It is the increase in aggregate expenditure (for example government spending) that causes the increase in output (or income).
Kahn was made a
Commander of theOrder of the British Empire in 1946 and became a Fellow of theBritish Academy in 1960, and was created alife peer with the title Baron Kahn, of Hampstead in theLondon Borough of Camden on6 July 1965 .References
*cite web | url= http://janus.lib.cam.ac.uk/db/node.xsp?id=EAD%2FGBR%2F0272%2FPP%2FRFK| title= The Papers of Baron Kahn at JANUS| accessdate= 2006-10-22
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