This is an intellectual biography of G.L.S. Shackle, economic theorist, philosopher, and historian of economic theory. It explores how Shackle challenged the aims, methods and assumptions of mainstream economics. He stressed macroeconomic instability, and developed a radically subjectivist theory for behavioural economics and business planning.
Sir Arthur Lewis was the first development economist, the first Afro-Caribbean to hold a professorial chair at a British university and the first black man to win the Nobel prize for economics. However, he believed his contributions to the well-being of the poor through social and political activism were as important as his economics.
James Buchanan (1919-2013), economist and philosopher, was awarded the Nobel Prize in Economics in 1986 for his original theory of political democracy as market exchange. Buchanan believed economics should be concerned with liberty, individualism and equity.
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