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But my shift to the serious study of economics gradually weakened my belief in Major Douglas's A+B theorem, which was replaced in my thought by the expression MV = PT.

James Meade

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James Meade
Age: 88 †
Born: 1907
Born: June 23
Died: 1995
Died: December 22
Economist
University Teacher
Swanage
Dorset
James Edward Meade
Thought
Replaced
Economics
Majors
Theorem
Major
Douglas
Expression
Weakened
Serious
Theorems
Study
Gradually
Belief
Shift

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The frontiers of knowledge in the various fields of our subject are expanding at such a rate that, work as hard as one can, one finds oneself further and further away from an understanding of the whole.
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In Oxford before the war, I had, with this interest in mind, written a short textbook entitled, An Introduction to Economic Analysis and Policy. It was now my intention to rewrite this work.
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