The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

Graham, Frank Dunstone (1890–1949)

  • Randall Hinshaw
Reference work entry


Graham was born in Halifax, Nova Scotia, and died in Princeton, New Jersey. He is known mainly for his work in the theory of international trade, and especially for his attack on classical and neoclassical trade theory. He received his doctorate from Harvard, where he came under the influence of Taussig. After teaching at Rutgers and Dartmouth, he joined the Princeton faculty in 1921, becoming a full professor in 1930. In addition to undergraduate teaching, he taught the Princeton graduate courses in international trade and in monetary theory.


Ceiling velocity Commodity-reserve monetary standard Flexible exchange rates German hyperinflation Graham, F. D. International trade theory Mill, J. S. Protection Tariffs Taussig, F. W. Terms of trade Velocity of circulation 

JEL Classifications

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  1. Knight, F.H. 1924. Some fallacies in the interpretation of social cost. Quarterly Journal of Economics 38: 582–606.CrossRefGoogle Scholar
  2. McKenzie, L.W. 1954. On equilibrium in Graham’s model of world trade and other competitive systems. Econometrica 22: 147–161.CrossRefGoogle Scholar
  3. Metzler, L.A. 1950. Graham’s theory of international values. American Economic Review 40: 301–322.Google Scholar
  4. Whitin, T.M. 1953. Classical theory, Graham’s theory, and linear programming in international trade. Quarterly Journal of Economics 67: 520–544.CrossRefGoogle Scholar
  5. Whittlesey, C.R. 1952. Frank Dunstone Graham, 1890–1949. Economic Journal 62: 440–445.Google Scholar

Copyright information

© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • Randall Hinshaw
    • 1
  1. 1.