Hugh Rose

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Hugh Rose, 1920-2005

British-born macroeconomist.

Hugh Rose was born in London, England and educated at Oxford. His studies were interrupted by World War II, and Rose enlisted in the British army in 1940. He returned to Oxford in 1945 to complete his degree. After graduating in 1947, Rose became a lecturer at Rhodes University in South Africa, but returned to England in 1950 for graduate studies under John Hicks at Nuffield College, Oxford.

Rose became a lecturer at Exeter in 1954. He moved to the United States in 1961, to join the newly-formed economics department at the University of Rochester. He subsequently became professor at the Johns Hopkins University in Baltimore in 1970, where he remained until his retirement in 1991.

Hugh Rose was a developer of the "Keynes-Wicksell" (1966, 1967) model of monetary growth. One of Rose's major contribution was the non-linear Phillips curve which provided wage-unemployment-price dynamics to the model.

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Major Works of Hugh Rose

"Demand, Supply and the Price Level in Macroeconomics", 1952, RES.
"Liquidity Preference and Loanable Funds", 1957, RES
"Consistency of Preference: The Two-Commodity Case", 1958, RES.
"The Possibility of Warranted Growth", 1959, EJ
"The Rate of Interest and Walras' Law", 1959, Economica.
"Expectations and Stability in Neo-Keynesian Growth Theory", 1963, QJE
"Unemployment in a Theory of Growth", 1966, IER.
"On the Non-Linear Theory of the Employment Cycle", 1967, RES.
"The Condition for Factor-Augmenting Technical Change", 1968, EJ.
"Real and Monetary Factors in the Business Cycle", 1969, JMCB.
Macroeconomic Dynamics: A Marshallian synthesis, 1991

HET

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Resources on Hugh Rose

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