Robert Giffen

Born: 1837. Died: 1910.

Biography

Journalist and statistician who wrote on economic and financial subjects mainly, notably on indicators such as wage rates, economic growth, and national product.

Fierce supporter of laissez-faire, pro-free trade and anti-bimetallism.

Credited by Alfred Marshall for suggesting the possibility that, in the case of some inferior goods, the income effects are so strong that the law of demand may be violated.

Actual examples of such 'Giffen goods' are rare (e.g. the oft-mentioned example is the potato in Ireland).

Major Books of Robert Giffen

- The Case Against Bimetallism, 1892
- Economic Inquiries and Studies, 1869-1902
- Essays in Finance, 1880
- Growth of Capital, 1889
- On Some Bimetallic Fallacies, 1886
- Stock Exchange Securities, 1877

Major Articles of Robert Giffen

- 1878, Recent Accumulations of Capital in the United Kingdom, Journal of the Statistical Society of London
- 1882, The Use of Import and Export Statistics, Journal of the Statistical Society of London
- 1885, Some General Uses of Statistical Knowledge, Journal of the Statistical Society of London
- 1885, Accumulations of Capital in the United Kingdom in 1875-85, JRSS
- 1892, The Gresham Law, EJ
- 1892, A Problem in Money, Nineteenth Century
- 1892, Fancy Monetary Standards, EJ
- 1899, The Excess of Imports, JRSS
- 1900, Some Economic Aspects of the War, EJ
- 1902, A Financial Retrospect, 1861-1901, JRSS
- 1903, The Wealth of the Empire, and How it Should be Used, JRSS

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