Reflecting EAEPE's open-ended theoretical perspectives, EAEPE's current honorary presidents include major scholars such as Janos Kornai, Richard R. Nelson, Douglass C. North, Luigi Pasinetti, while Nicholas Georgescu-Roegen, Edith T. Penrose, Kurt Rothschild, G.L.S. Shackle and Herbert A. Simon were EAEPE's honorary presidents in the past.
Later becoming a teacher, he studied in his own time for a University of London B.A. degree which he took in 1931.
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Following the war, a short spell at the Cabinet Office under James Meade and at the University of Leeds led to appointment as professor of economics at the University of Liverpool, a post he held until his retirement in 1969.