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Frank Walter Paish (1898–1988)

  • Robert A. CordEmail author
Chapter

Abstract

Frank Paish was on the staff of the Economics Department at LSE for over three decades from the early 1930s to the mid-1960s. Although he has faded into obscurity, Paish made important contributions across a number of fields in economics. He is best known for the Paish doctrine, which argued, somewhat controversially when it was put forward in the 1960s, that in order to secure stable prices there must be a certain level of spare capacity (unemployment) in the economy. Although Paish was for a time influential in British government circles, his policy proposals subsequently fell out of favour due to the occurrence of high unemployment and persistent inflation.

Keywords

Frank Paish Output Unemployment Inflation Growth Incomes policy Business finance Insurance funds 

References

Main Works by Frank Paish

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  13. Paish, F.W. (1940). ‘Capital Value and Income’. Economica, New Series, 7(28): 416–418. Reprinted in F.W. Paish (1950) The Post-War Financial Problem and Other Essays. London: Macmillan: 248–251.Google Scholar
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  15. Paish, F.W. (1947a). ‘Planning and the Price System’. Westminster Bank Review, August: 3–9. Reprinted in F.W. Paish (1950) The Post-War Financial Problem and Other Essays. London: Macmillan: 36–51.Google Scholar
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  18. Paish, F.W. (1947). ‘The Floating Debt, 1914–39, and its Effect on the British Banking System’. Appendix I to Part II in T. Balogh Studies in Financial Organization. Cambridge: Cambridge University Press: 191–205.Google Scholar
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  34. Paish, F.W. (1959). ‘Gilt-Edged and the Money Supply’. The Banker, January: 17–25. Reprinted as Chapter 3 in F.W. Paish (1962) Studies in an Inflationary Economy: The United Kingdom, 1948–1961. London: Macmillan: 58–69.Google Scholar
  35. Paish, F.W. (1959). ‘What Is This Liquidity?’. The Banker, October: 590–597. Reprinted as Chapter 4 in F.W. Paish (1962) Studies in an Inflationary Economy: The United Kingdom, 1948–1961. London: Macmillan: 70–79.Google Scholar
  36. Paish, F.W. (1960). ‘The Growth of the British Economy’. Financial Times, 14 September: 8.Google Scholar
  37. Paish, F.W. (1962a). Studies in an Inflationary Economy: The United Kingdom, 1948–1961. London: Macmillan.Google Scholar
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  39. Paish, F.W. (1964a). ‘The Limits of Incomes Policies’. Part I in Policy for Incomes? by F.W. Paish and J. Hennessy. Hobart Paper No. 29. London: Institute of Economic Affairs: 11–43.Google Scholar
  40. Paish, F.W. (1964). ‘The Two Britains’. The Banker, February: 88–98. Reprinted as Chapter 3 in F.W. Paish (1970) How the Economy Works, and Other Essays. London: Macmillan: 65–82.Google Scholar
  41. Paish, F.W. (ed.) (1964). Benham’s Economics: A General Introduction. Seventh edition. London: Pitman.Google Scholar
  42. Paish, F.W. (1964). ‘Sir Roy Harrod’s View of the British Economy’. Economica, New Series, 31(121): 1–4.CrossRefGoogle Scholar
  43. Paish, F.W. (1965). ‘The Management of the British Economy’. Lloyds Bank Review, 76(April): 1–17. Reprinted as Chapter 4 in F.W. Paish (1970) How the Economy Works, and Other Essays. London: Macmillan: 83–102.Google Scholar
  44. Paish, F.W. (1966). Long-Term and Short-Term Interest Rates in the United Kingdom. Manchester: Manchester University Press. Reprinted as Chapter 1 in F.W. Paish (1970) How the Economy Works, and Other Essays. London: Macmillan: 1–57.Google Scholar
  45. Paish, F.W. (1967). ‘Deposit Rates After Mr Jones’. The Banker, October: 845–849. Reprinted as Chapter 2 in F.W. Paish (1970) How the Economy Works, and Other Essays. London: Macmillan: 58–64.Google Scholar
  46. Paish, F.W. (1968a). ‘How the Economy Works’. Lloyds Bank Review, 88(April): 1–30. Reprinted as Chapter 6 in F.W. Paish (1970) How the Economy Works, and Other Essays. London: Macmillan: 129–162.Google Scholar
  47. Paish, F.W. (1968). ‘Inflation and the Balance of Payments in the United Kingdom, 1952–67’. Scottish Journal of Political Economy, 15(1): 213–226. Reprinted as Chapter 7 in F.W. Paish (1970) How the Economy Works, and Other Essays. London: Macmillan: 163–178.Google Scholar
  48. Paish, F.W. (1969). Rise and Fall of Incomes Policy. Hobart Paper No. 47. London: Institute of Economic Affairs. Reprinted as Chapter 8 in F.W. Paish (1970) How the Economy Works, and Other Essays. London: Macmillan: 179–231.Google Scholar
  49. Paish, F.W. (1969). ‘The Control of Demand’. In E. Streissler (ed.) Roads to Freedom: Essays in Honour of Friedrich A. von Hayek. London and New York: Routledge: 147–164.Google Scholar
  50. Paish, F.W. (1998). War as a Temporary Occupation. Edited by A. Peacock. Edinburgh: Pace Print.Google Scholar
  51. Paish, F.W. and A.T. Peacock (1954). ‘Economics of Dependence (1952–82)’. Economica, New Series, 21(84): 279–299.CrossRefGoogle Scholar
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Other Works Referred To

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Copyright information

© The Author(s) 2018

Authors and Affiliations

  1. 1.Researcher in EconomicsLondonUnited Kingdom

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