Abstract
Harry G. Johnson contributed much to economics, his students, and the profession in his short life. Following novel contributions on optimum tariffs and retaliation done while at Cambridge University, the main contributions during his career at the University of Chicago were extending the frontiers of trade theory, building on his and others’ work in macroeconomics, as well as disseminating work on the monetary approach to the open economy. He also changed Chicago by his positive influence on and care for students, his scholarly editing of the Journal of Political Economy, and his organising that great tradition at the University, the Workshop in Trade.
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Notes
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Lerner pointed out the condition that revenue proceeds be spent in the same way, and also imposed a trade balance condition.
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Reprinted with the permission of Arnold Harberger and the American Economic Review.
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References
Cited Works by Harry G. Johnson
Johnson, H.G. (1953–1954). ‘Optimum Tariffs and Retaliation’. Review of Economic Studies, 21(2): 142–153.
Johnson, H.G. (1959). ‘British Monetary Statistics’. Economica, New Series, 26(101): 1–17.
Johnson, H.G. (1960). ‘The Cost of Protection and the Scientific Tariff’. Journal of Political Economy, 68(4): 327–345.
Johnson, H.G. (1972). ‘The Monetary Approach to Balance-of-Payments Theory’. Journal of Financial and Quantitative Analysis, 7(2): 1,555–1,572.
Johnson, H.G. and P. Mieszkowski (1970). ‘The Effects of Unionization on the Distribution of Income: A General Equilibrium Approach’. Quarterly Journal of Economics, 84(4): 539–561.
Other Works Referred To
Connolly, M.B. and S. Ross (1970). ‘A Fisherian Approach to Trade, Capital Movements, and Tariffs’. American Economic Review, 60(3): 478–484.
Corden, M. (2004). ‘Johnson, Harry Gordon (1923–1977)’. Oxford Dictionary of National Biography. Online edition. Available at: https://www.oxforddnb.com/view/10.1093/ref:odnb/9780198614128.001.0001/odnb-9780198614128-e-31290.
Corden, M., J.S. Duesenberry, C.D. Goodwin, J.A. Hynes, R.G. Lipsey, G. Rosenbluth, P.A. Samuelson, E.J. Simpson and L.S. Moss (2001). ‘Harry G. Johnson (1923–1977): Scholar, Mentor, Editor, and Relentless World Traveler’. American Journal of Economics and Sociology, 60(3): 601–649.
Findlay, R. and H. Grubert (1959). ‘Factor Intensities, Technological Progress, and the Terms of Trade’. Oxford Economic Papers, New Series, 11(1): 111–121.
Frenkel, J.A. (1976). ‘A Monetary Approach to the Exchange Rate: Doctrinal Aspects and Empirical Evidence’. Scandinavian Journal of Economics, 78(2): 200–224.
Girton, L. and D. Roper (1977). ‘A Monetary Model of Exchange Market Pressure Applied to the Postwar Canadian Experience’. American Economic Review, 67(4): 537–548.
Harberger, A.C. (1978). ‘In Memoriam: Harry G. Johnson, 1923–77’. American Economic Review, 68(4): 739–740.
Jones, R.W. (1965). ‘The Structure of Simple General Equilibrium Models’. Journal of Political Economy, 73(6): 557–572.
Lerner, A.P. (1936). ‘The Symmetry Between Import and Export Taxes’. Economica, New Series, 3(11): 306–313.
Lipsey, R.G. and K. Lancaster (1956–1957). ‘The General Theory of Second Best’. Review of Economic Studies, 24(1): 11–32.
Longawa, V.M. (1984). ‘Harry G. Johnson: A Bibliography’. Journal of Political Economy, 92(4): 659–711.
Moggridge, D.E. (2008). Harry Johnson: A Life in Economics. Cambridge: Cambridge University Press.
Tower, E. (1975). ‘The Optimum Quota and Retaliation’. Review of Economic Studies, 42(4): 623–630.
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Connolly, M.B. (2022). Harry G. Johnson (1923–1977). In: Cord, R.A. (eds) The Palgrave Companion to Chicago Economics. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-031-01775-9_27
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