The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

Reid, Margaret Gilpin (1896–1991)

  • Mary Jean Bowman
Reference work entry


Margaret Reid, a leading scholar in analysis of the economics of consumer behaviour, was made a distinguished fellow of the American Economic Association in 1980. She was Professor of Economics at Iowa State College (1930–43), the University of Illinois (1948–51), and the University of Chicago (1951–61).


Friedman, M. Household production Life stages Permanent income Permanent income hypothesis Reid, M. G. Transitory income 

JEL Classifications

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  1. Friedman, M. 1957. A theory of the consumption function. Princeton: Princeton University Press.Google Scholar
  2. Modigliani, F., and A. Ando. 1960. The ‘permanent income’ and the ‘life cycle’ hypothesis of saving behavior: Comparisons and tests. In Proceedings of the conference on consumption and savings, ed. I. Friend and R. Jones. Philadelphia: Wharton School of Finance and Commerce, University of Pennsylvania.Google Scholar

Copyright information

© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • Mary Jean Bowman
    • 1
  1. 1.