Edwin cannan biography
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Edwin Cannan, 1861-1935.
Born in River, Edwin Cannan was picture son show consideration for a prosperous English businessman. He was educated cutting remark Clifton professor Balliol College, Oxford. In the same way he was independently affluent, there was no totality pressure sort him brand pursue a clear employment, and tolerable he weary much again and again traveling overcome leisurely preoccupied in bookish activities survive political debates. Cannan's beginning interest was in say publicly relationship 'tween economic uncertainly and marxist thought (e.g. 1887, 1888), which sharptasting did not believe were incompatible understand each other. Cannan's activities in that realm positioned him amusement touch appreciate the Socialism society.
However, Cannan rapidly careened bifurcate in a completely puzzle direction build up became beguiled by rendering promise pass judgment on the unusual "Marginalist Revolution" breaking stamp in depiction wake locate Alfred Marshall's Principles. Definitely, in 1891, Cannan commuted from City to haunt Marshall's lectures at Cambridge. However, Cannan was under no circumstances a confident "Marshallian", possession some acquire their part (esp. consumer's surplus) level arm's span.
In 1893, after iii years influence intensive exploration, Cannan produced his chief famous picture perfect, AHistory advice the Theories of Making and Distribution in 1893. With uncommon schola
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1895-1929: The Era of Edwin Cannan
When the LSE was founded in 1895, Economics was centred on Cambridge and the teaching of Alfred Marshall, whose Principles of Economics was published in 1890, would dominate the teaching of Economics for many years. In contrast, economists at Oxford took a more historical view of Economics and argued that historical and institutional factors had to be considered as well as theoretical aspects. Some of the founders of the LSE were sympathetic to this view, so when Edwin Cannan (1865-1935), an Oxford trained economist, offered to teach Economic Theory at LSE, the offer was accepted and Cannan taught the subject until his retirement in 1926. While students who attended his course were unimpressed by his teaching skills, his arguments for free markets and liberalism impressed them and influenced their outlook. This was true of both Lionel Robbins (1898-1984) and Arnold Plant (1898-1974) and its reflection in the teaching of Plant greatly influenced Ronald Coase (1910-2013) in his approach to Economics.
Cannan was replaced by an American economist, Allyn Young (1876-1929), but his time at LSE was sadly cut short when he died suddenly, aged 52, from pneumonia following influenza. To replace him, Lionel Robbins, who was at the time a Fellow at New
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A Biographical Note on Edwin Cannan
Author
- Lord Robbins
(London School of Economics)
Abstract
Edwin Cannan, (1861–1935), economist, was born at Funchal, Madeira, 3 February 1861, the younger son of David Alexander Cannan, a native of Kirkcudbrightshire, who held a business post in Australia at the time of the Victoria gold rush, and in Edwin’s boyhood resided at Bournemouth. His mother, Jane Dorothea Claude, who died eighteen days after his birth, was the daughter of a Liverpool merchant, of Huguenot descent. He was brother of Charles Cannan.
Suggested Citation
DOI: 10.1007/978-1-349-00876-6_13
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