James Meade was educated at Malvern College and attended Oriel College, Oxford in 1926 to read Greats, but switched to Philosophy, Politics and Economics and gained an outstanding first.
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James Meade considered the heavy unemployment in the United Kingdom in the inter-war period as a menace and a social evil.
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James Meade was assigned with the responsibility of teaching the whole subject of economic theory.
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James Meade worked as the main editor of the journal "World Economic Survey" and published the 17th and the 18th editions.
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James Meade became a member of the Economic Section of the War Cabinet Secretariat in England and remained member until 1947 rising to the post of Director in 1946.
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James Meade was joined by Lionel Robbins and Keynes and together they used the section to solve everyday economic problems ranging from the rationing system to the pricing policy of nationalized companies.
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James Meade became the professor of trade at London School of Economics in 1947 where the Economics department was headed by Lionel Robbins.
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James Meade successfully wrote four volumes in this series namely The Stationary Economy, The Growing Economy, The Controlled Economy, and The Just Economy.
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James Meade believed that the frontiers of knowledge when it comes to economics keep expanding at such a rate that it was almost impossible to establish a soundly based understanding of the entire subject and its ever-evolving parts.
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In 1974 James Meade took time off to act as full-time chairman of a committee set up by the Institute for Fiscal Studies to examine the structure of direct taxation in the United Kingdom.
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James Meade died on 22 December 1995 in Little Shelford, Cambridgeshire.
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James Meade calls this phenomenon the assumption of depreciation by evaporation.
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James Meade explains the application of these equations by taking a simple numerical example.
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