Edwin Cannan

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Edwin Cannan
File:Edwin Cannan.jpg
Edwin Cannan, c. 1920
Born(1861-02-03)3 February 1861
Funchal, Madeira, Portugal
Died8 April 1935(1935-04-08) (aged 74)
Bournemouth, England
Resting placeWolvercote Cemetery, Oxford
Spouse
Margaret Mary Cullen
​
​
(m. 1907)​
ChildrenDavid Cannan
Parent(s)David Alexander Cannan (father)
Jane Dorothea Claude (mother)
RelativesCharles Cannan (brother);[1]
May Wedderburn Cannan (niece)
Joanna Cannan (niece)
Gilbert Cannan
Academic background
Alma materBalliol College, Oxford
Academic work
DisciplineEconomics
Political Economy
History of Economic Thought
School or traditionclassical liberalism
InstitutionsLondon School of Economics
Notable studentsDr. B.R. Ambedkar
Arnold Plant
Lionel Robbins[2]
Theodore Gregory
William Harold Hutt
Frederic Benham[3]

Edwin Cannan (3 February 1861 – 8 April 1935) was a British economist and historian of economic thought.[4][5][6] He taught at the London School of Economics from 1895 to 1926.[7][8]

Biography

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Edwin Cannan was the younger son of David Alexander Cannan and artist Jane Dorothea Claude.[9][1] His mother died at the age of 38 of tuberculosis in Madeira, Portugal 18 days after her son Edwin was born.[10] He studied at Balliol College, Oxford.

As a follower of William Stanley Jevons, Edwin Cannan is perhaps best known for his logical dissection and destruction of Classical theory in his famous 1894 tract A History of the Theories of Production and Distribution.[11] Although Cannan had personal and professional difficulties with Alfred Marshall, he was still "Marshall's man" at the LSE from 1895 to 1926. During that time, particularly during his long stretch as chairman after 1907, Edwin Cannan shepherded the LSE away from its roots in Fabian socialism into tentative Marshallianism. This period was only to last, however, until his protégé, Lionel Robbins, took over with his more "Continental" ideas.[12][13]

Though Cannan, in his early years as an economist, was a critic of classical economics and an ally of interventionists, he moved sharply to the side of classical liberalism in the early 20th century. He favoured simplicity, clarity, and common sense in the exposition of economics.[14][15] Cannan emphasised the institutional foundation of economic systems.[16][17]

Cannan is buried at Wolvercote Cemetery Oxford, England.[18]

Major works

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File:Cannan - Review of economic theory, 1929 - 5784963.tif
Review of economic theory, 1929
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  • The Origin of the Law of Diminishing Returns, 1813-15, 1892, The Economic Journal (EJ).
  • Ricardo in Parliament, 1894, EJ.
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  • Lua error in Module:Citation/CS1/Configuration at line 2172: attempt to index field '?' (a nil value).; via Mises.org.[19]
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  • Early History of the term "Capital", 1921, QJE.
  • An Application of the Theoretical Apparatus of Supply and Demand to Units of Currency, 1921, EJ.
  • Lua error in Module:Citation/CS1/Configuration at line 2172: attempt to index field '?' (a nil value).; 7th ed., 1932, via Mises.org.
  • Monetary Reform, with J.M. Keynes, Addis and Milner, 1924, EJ
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See also

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Notes

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  1. ^ a b Lua error in Module:Citation/CS1/Configuration at line 2172: attempt to index field '?' (a nil value).
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  17. ^ See, for example, Lua error in Module:Citation/CS1/Configuration at line 2172: attempt to index field '?' (a nil value). Hodgson remarks that in Wealth (1914) Cannan stressed the family, private property and the state.
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  19. ^ In 1920, after the Great War, the first edition of Wealth of 1914 was placed in a time capsule beneath the foundation stone of the extension of the Old Building of the London School of Economics as a symbol of Edwin Cannan's contribution to the institution. See Lua error in Module:Citation/CS1/Configuration at line 2172: attempt to index field '?' (a nil value). Edwin Cannan also suggested the motto of the London School of Economics, rerum conoscere causas, adopted in 1922. See Lua error in Module:Citation/CS1/Configuration at line 2172: attempt to index field '?' (a nil value).
  20. ^ Lua error in Module:Citation/CS1/Configuration at line 2172: attempt to index field '?' (a nil value).
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File:Wikiquote-logo.svg
Wikiquote has quotations related to Edwin Cannan.
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  • Edwin Cannan at cepa.newschool.edu
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  • Catalogue of Edwin Cannan papers at London School of Economics (LSE) Archives
  • Edwin Cannan's Library at LSE Archives
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  • Portraits of Edwin Cannan at the National Portrait Gallery, LondonLua error in Module:EditAtWikidata at line 29: attempt to index field 'wikibase' (a nil value).

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