Ralph Turvey (1927–2012)

  • Roger MiddletonEmail author


Middleton surveys the life and writings of the LSE economist, Ralph Turvey (1927–2012), who made contributions to macroeconomics and applied welfare economics. In a three-part career comprising the LSE proper (from outstanding undergraduate to Reader, 1944–1960), LSE secondment to various public bodies, national and international (1960–1989), and then ‘retirement’ (1989–2010), Turvey published at least 150 items. He played a major role in embedding marginal cost pricing in Britain’s then nationalised industries, in developing economic analysis of the electricity sector and, with Thatcherite privatisation and beyond, researching the economics of utility regulation. For Turvey, economic theory must serve practical ends, and his career was devoted to expanding the domain of policy problems for which economics offered rational solutions.


Macroeconomics Welfare economics Stockholm School Cost–benefit analysis Energy economics Utilities Regulation Cost of living indices Economic advice Economic history 


Main Works by Ralph Turvey

  1. Items indicated * were selected by Turvey as the publications he wished to record as significant in his entry in Who’s Who in Economics (Blaug 1999: 1117). A full bibliography is available upon request.Google Scholar
  2. Baumol, W.J. (with a contribution by R. Turvey) (1951). Economic Dynamics: An Introduction. London: Macmillan.Google Scholar
  3. Baumol, W.J. (with a contribution by R. Turvey) (1970). Economic Dynamics: An Introduction. Third edition. London: Macmillan.Google Scholar
  4. *Break, G.F. and R. Turvey (1964). Studies in Greek Taxation. Athens: Center of Planning and Economic Research.Google Scholar
  5. Burns, P., R. Turvey and T.G. Weyman-Jones (1998). ‘The Behaviour of the Firm under Alternative Regulatory Constraints’. Scottish Journal of Political Economy, 45(2): 133–157.CrossRefGoogle Scholar
  6. Peacock, A.T., H.S. Houthakker, R. Turvey, F.A. Lutz and E. Henderson (eds) (1951). International Economic Papers, I. London: Macmillan.Google Scholar
  7. *Porat, Y., R. Irith and R. Turvey (1996). ‘Long-Run Marginal Electricity Generation Costs in Israel’. Energy Policy, 25(4): 401–411.CrossRefGoogle Scholar
  8. *Prest, A.R. and R. Turvey (1965). ‘Cost-Benefit Analysis: A Survey’. Economic Journal, 75(4): 683–735.CrossRefGoogle Scholar
  9. Stern, J. and R. Turvey (2003). ‘Auctions of Capacity in Network Industries’. Utilities Policy, 11(1): 1–8.CrossRefGoogle Scholar
  10. Turvey, R. (1948a). ‘The Inflationary Gap’. Scandinavian Journal of Economics, 50(1): 10–17.CrossRefGoogle Scholar
  11. Turvey, R. (1948b). ‘The Multiplier’. Economica, New Series, 15(4): 259–269.CrossRefGoogle Scholar
  12. Turvey, R. (1949a). ‘A Further Note on the Inflationary Gap’. Scandinavian Journal of Economics, 51(2): 92–97.CrossRefGoogle Scholar
  13. Turvey, R. (1949b). ‘Period Analysis and Inflation’. Economica, New Series, 16(3): 218–227.CrossRefGoogle Scholar
  14. *Turvey, R. (1951a). ‘Some Aspects of the Theory of Inflation in a Closed Economy’. Economic Journal, 61(3): 531–543.CrossRefGoogle Scholar
  15. Turvey, R. (1951b). ‘The Speculative Demand for Securities and Carry-Over’. Review of Economic Studies, 19(1): 61–65.CrossRefGoogle Scholar
  16. Turvey, R. (ed.) (1952). Wages Policy under Full Employment. London: William Hodge.Google Scholar
  17. *Turvey, R. (1953a). ‘Some Notes on Multiplier Theory’. American Economic Review, 43(3): 275–295.Google Scholar
  18. Turvey, R. (1953b). ‘Development Charges and the Compensation-Betterment Problem’. Economic Journal, 63(2): 299–317.CrossRefGoogle Scholar
  19. Turvey, R. (1953c). ‘Recoupment as an Aid in Financing Nineteenth-Century Street Improvements in London’. Review of Economic Studies, 21(1): 53–62.CrossRefGoogle Scholar
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  22. Turvey, R. (1956b). ‘Mr Ritter on Monetary and Fiscal Policy’. Review of Economic Studies, 24(1): 71–72.Google Scholar
  23. Turvey, R. (1956c). ‘Town Planning Finance, Taxation and Land Values’. Scandinavian Journal of Economics, 58(2): 109–122.CrossRefGoogle Scholar
  24. *Turvey, R. (1957). The Economics of Real Property: An Analysis of Property Values and Patterns of Use. London: Allen & Unwin.Google Scholar
  25. Turvey, R. (1960a). ‘Erik Lindahl’. Scandinavian Journal of Economics, 62(1): 5–8.Google Scholar
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  27. Turvey, R. (1961). ‘Inflation as a Tax in World War II’. Journal of Political Economy, 69(1): 70–73.CrossRefGoogle Scholar
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  30. Turvey, R. (1963c). ‘On Investment Choices in Electricity Generation’. Oxford Economic Papers, 15(3): 278–286.CrossRefGoogle Scholar
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  32. *Turvey, R. (1964b). ‘Optimization and Suboptimization in Fishery Regulation’. American Economic Review, 54(2): 64–76.Google Scholar
  33. Turvey, R. (1965). ‘Does the Rate of Interest Rule the Roost?’. Chapter 9 in F.H. Hahn and F.P.R. Brechling (eds) The Theory of Interest Rates. London: Macmillan: 164–172.Google Scholar
  34. *Turvey, R. (1968a). Optimal Pricing and Investment in Electricity Supply: An Essay in Applied Welfare Economics. London: George Allen & Unwin.Google Scholar
  35. Turvey, R. (ed.) (1968b). Public Enterprise: Selected Readings. Harmondsworth: Penguin Books.Google Scholar
  36. Turvey, R. (1968c). ‘Peak-Load Pricing’. Journal of Political Economy, 76(1): 101–113.CrossRefGoogle Scholar
  37. Turvey, R. (1969). ‘Marginal Cost’. Economic Journal, 79(2): 282–299.CrossRefGoogle Scholar
  38. *Turvey, R. (1971a). Economic Analysis and Public Enterprises. London: George Allen & Unwin.Google Scholar
  39. *Turvey, R. (1971b). Demand and Supply. London: George Allen & Unwin.Google Scholar
  40. Turvey, R. (1971c). ‘Recent Contributions to the Theory of Marginal Cost Pricing: A Reply’. Economic Journal, 81(2): 371–375.CrossRefGoogle Scholar
  41. Turvey, R. (1971d). ‘Some Features of Incomes Policy, and Comments on the Current Inflation’. Chapter 12 in H.G. Johnson and A.R. Nobay (eds) The Current Inflation. London: Macmillan: 196–201.Google Scholar
  42. Turvey, R. (1971e). ‘Rates of Return, Pricing and the Public Interest’. Economic Journal, 81(3): 489–501.CrossRefGoogle Scholar
  43. Turvey, R. (1974). ‘How to Judge when Price Changes will Improve Resource Allocation’. Economic Journal, 84(4): 825–832.CrossRefGoogle Scholar
  44. *Turvey, R. (1976). ‘Analysing the Marginal Cost of Water Supply’. Land Economics, 52(2): 158–168.CrossRefGoogle Scholar
  45. Turvey, R. (1977). ‘Structural Change and Structural Unemployment’. International Labour Review, 116(2): 209–215.Google Scholar
  46. Turvey, R. (1978). ‘Counter-Inflation Policies’. Chapter 10 in M. Posner (ed.) Demand Management. London: Heinemann: 191–199.Google Scholar
  47. Turvey, R. (ed.) (1990). Developments in International Labour Statistics. London: Pinter.Google Scholar
  48. *Turvey, R. (1994). ‘London Lifts and Hydraulic Power’. Transactions of the Newcomen Society, 65(1): 147–164.CrossRefGoogle Scholar
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  50. Turvey, R. (1997). ‘Review of Toward a More Accurate Measure of the Cost of Living: Final Report to the Senate Finance Committee from the Advisory Committee to Study the Consumer Price Index, by M.J. Boskin et al.’. Economic Journal, 107(6): 1913–1915.Google Scholar
  51. Turvey, R. (2001). ‘Wanted: Measures of Economic Change’. World Economics, 2(2): 191–196.Google Scholar
  52. Turvey, R. (2003). ‘Ensuring Adequate Generation Capacity’. Utilities Policy, 11(2): 95–102.CrossRefGoogle Scholar
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  54. Turvey, R. (2008). Metropolitan Works: Collected Papers on London History. London: LSE Library.Google Scholar
  55. Turvey, R. (2010). ‘The Cost of Living in London, 1740–1834’. LSE Working Papers in Economic History, 147/10.Google Scholar
  56. *Turvey, R. and D. Anderson (1977). Electricity Economics: Essays and Case Studies. Washington, D.C.: World Bank.Google Scholar
  57. Turvey, R. and H. Brems (1951). ‘The Factor and Goods Markets’. Economica, New Series, 18(1): 57–68.CrossRefGoogle Scholar
  58. *Turvey, R. and E. Cook (1974). Report to the Government of Pakistan on the Prices of Essential Commodities. London: Scicon.Google Scholar
  59. Turvey, R. and A.R. Nobay (1965). ‘On Measuring Energy Consumption’. Economic Journal, 75(4): 787–793.CrossRefGoogle Scholar
  60. *Turvey, R. et al. (1989). Consumer Price Indices: An ILO Manual. Geneva: ILO.Google Scholar

Other Works Referred To

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Copyright information

© The Author(s) 2018

Authors and Affiliations

  1. 1.University of BristolBristolUK

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