John Weeks (economist)

John Weeks (1941 – 26 July 2020) was an American economist.

This article is about the economist. For Massachusetts congressman, U.S. Senator and Secretary of War, see John W. Weeks.

Life

Weeks, born in Austin, Texas, was Professor Emeritus at the School of Oriental and African Studies of the University of London. His research interests were in theoretical and policy-applied macroeconomics and economic development. He published academic papers, books and policy reports in these areas.[1][2]

He is credited with coining the phrase "quantity theory of competition" to reflect a proposition that more competition in various aspects of the markets (producers, consumers, and workers) will create a more efficient economy.[3]

In August 2015, Weeks endorsed Jeremy Corbyn's campaign in the Labour Party leadership election.[4]

He died on 26 July 2020.[5][6]

Selected works
  • Economics of the 1% (2014)[2]
  • Capital, Exploitation and Economic Crisis (2011)[2]

References
  1. SOAS staff listing Retrieved 14 September 2010
  2. Weeks, John. "Personal page". web.archive.org. Retrieved 2021-01-03.
  3. Fine, Ben; Saad-Filho, Alfredo; Boffo, Marco (2012-01-01). The Elgar Companion to Marxist Economics. Edward Elgar Publishing. pp. 12–. ISBN 9781781001226. Retrieved 23 November 2013.
  4. "The Labour party stands at a crossroads". The Guardian. 14 August 2015. Retrieved 15 July 2017.
  5. Shankar Nayak, Bhabani (27 July 2020). "Prof John Weeks Humanised Economics as a Discipline". Counter Currents. Retrieved 27 July 2020.
  6. "We are greatly saddened by the death of the brilliant progressive heterodox economist John Weeks on 26 July". Brave New Europe. 27 July 2020. Retrieved 27 July 2020.

Further reading


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