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2020-12-20T21:07:08Z

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'''James Wilke Nisbet''' (1903–1978) was a Scottish [[economist]]. He gained a double first in economic science and philosophy, and an LLB with distinction at the [[University of Glasgow]]. Between 1926 and 1931 he served as assistant to [[W. R. Scott (economist)|W. R. Scott]], the Adam Smith Professor of Political Economy at the University of Glasgow.<ref name="Monnery 2017">{{Cite book|url=https://www.worldcat.org/oclc/990638586|title=Architect of prosperity : Sir John Cowperthwaite and the making of Hong Kong|last=Monnery|first=Neil|publisher=LPP|year=2017|isbn=9781907994692|location=London|oclc=990638586}}</ref>

After he moved to [[St Andrews University]] in 1935 as a lecturer in political economy, he was promoted to reader in 1938 and professor in 1947. He was a classical economist and a believer in free trade. He published his first book, ''A Case for Laissez-Faire'', in 1929.<ref>{{Cite book|title=A Case for Laissez-Faire|last=Nisbet|first=James|publisher=P. S. King & Son|year=1929}}</ref> He also wrote on banking and finance and on how to improve living standards. His students included [[Alan T. Peacock|Sir Alan Peacock]], later Professor of Economics at the University of York, and [[John James Cowperthwaite|Sir John Cowperthwaite]], who was Financial Secretary of Hong Kong (1961 - 71).<ref name="Monnery 2017" /> Alan Peacock described Nisbet as a wide-ranging thinker whose course in Political Economy "with its strong emphasis on the historical and political background to economic policy has not only offered a useful general education to generations of non-specialists but has also taught the would-be professional economist that he must take some responsibility for devising realistic policy measures."<ref>{{Cite journal|last=Peacock|first=Alan|date=1970|title=Professor James Wilkie Nisbet: an appreciation|journal=Alumnus Chronicle, University of St Andrews|volume=61}}</ref>

Nisbet retired in 1970 and died in 1974.

== References ==
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[[Category:1903 births]]
[[Category:1974 deaths]]
[[Category:Scottish economists]]
[[Category:Alumni of the University of Aberdeen]]
[[Category:Academics of the University of St Andrews]]
[[Category:20th-century economists]]

James Wilke Nisbet - Revision history

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