Murray Milgate (born 1950), is an

Australia Australia, officially the Commonwealth of Australia, is a sovereign country comprising the mainland of the Australian continent, the island of Tasmania, and numerous smaller islands. With an area of , Australia is the largest country by ...

n-born academic economist and Sometime Fellow and director of studies in economics at

Queens' College Queens' College is a constituent college of the University of Cambridge. Queens' is one of the oldest colleges of the university, founded in 1448 by Margaret of Anjou. The college spans the River Cam, colloquially referred to as the "light sid ...

in the

University of Cambridge , mottoeng = Literal: From here, light and sacred draughts. Non literal: From this place, we gain enlightenment and precious knowledge. , established = , other_name = The Chancellor, Masters and Schola ...

, where he is now a Life Fellow. He is the co-creator and co-editor of the celebrated original edition of ''

The New Palgrave Dictionary of Economics ''The New Palgrave Dictionary of Economics'' (2018), 3rd ed., is a twenty-volume reference work on economics published by Palgrave Macmillan. It contains around 3,000 entries, including many classic essays from the original Inglis Palgrave Dictio ...

'' (1987) together with John Eatwell and Peter Newman.

Biography

Milgate was educated at the

University of Sydney The University of Sydney (USYD), also known as Sydney University, or informally Sydney Uni, is a public research university located in Sydney, Australia. Founded in 1850, it is the oldest university in Australia and is one of the country's si ...

and the

where he taught economics before moving to

Harvard University Harvard University is a private Ivy League research university in Cambridge, Massachusetts. Founded in 1636 as Harvard College and named for its first benefactor, the Puritan clergyman John Harvard, it is the oldest institution of highe ...

in 1984. He returned to Cambridge in 1996. He is best known for his contributions to the dissemination of economic knowledge through his ''New Palgrave'' activities and his published writings that focus on exploring: (1) the relation between classical economic theory and

Keynesian economics Keynesian economics ( ; sometimes Keynesianism, named after British economist John Maynard Keynes) are the various macroeconomic theories and models of how aggregate demand (total spending in the economy) strongly influences economic output ...

as an alternative to standard neoclassical thinking about the

market mechanism In economics, the market mechanism is a mechanism by which the use of money exchanged by buyers and sellers with an open and understood system of value and time trade-offs in a market tends to optimize distribution of goods and services in at ...

; (2) the history of nineteenth-century political economy. An assessment of aspects of the first set of contributions can be found in Dutt and Amadeo's ''Keynes's Third Alternative''. In 1992 Milgate shared the Eccles Prize for Excellence in Economic Writing (from Columbia University Business School) for the ''New Palgrave Dictionary of Money and Finance'' and in 1995 ''The New Palgrave World of Economics'' was named among the 100 most influential books since WW2 by the CEEPP at the University of Oxford. In 2011 his ''After Adam Smith'' was awarded the David and Elaine

Spitz Prize The David and Elaine Spitz Prize is an award for a book in liberal and/or democratic theory. The Spitz Prize is awarded annually for the best book in the field published two years earlier. To be eligible, the book must be primarily theoretical rath ...

for the best book on liberal and democratic theory by the International Conference for the Study of Political Thought. He was a visiting professor at the University of California at Berkeley (1992) and was made distinguished visiting professor of economics at Osaka Gakuin University in Japan in 2008. He is a founding editor of the journal ''Contributions to Political Economy''.

Selected bibliography

This is a list of some of Milgate's major works.

Books

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Journal articles

References

{{DEFAULTSORT:Milgate, Murray 1950 births Living people Australian economists Alumni of the University of Cambridge Fellows of Queens' College, Cambridge University of Sydney alumni Harvard University faculty