The elder son of a wealthy Budapest Jewish family (his father was head of public transport, his mother the daughter of a professor), Balogh studied at the Minta Gymnasium, considered 'the Eton of Hungarian youth', then at the universities of Budapest and Berlin. He took a two-year research position at Harvard University as a Rockefeller Fellow in 1928. Following this, Balogh worked in banking in Paris, Berlin and Washington before coming to England.[2]
After getting British citizenship in 1938, he became a lecturer at Balliol College, Oxford, and was elected to a Fellowship in 1945, then became Reader in 1960. He was also the economic correspondent for the New Statesman, an economic adviser to Harold Wilson's Cabinet office following the 1964 Labour Party victory,[3] and member of the Secretariat of the League of Nations.[2]
As an advisor in the Cabinet Office after 1964, Balogh was a critic of consumption- and profit-orientated tax policies, arguing that "profit can be earned not merely by satisfying long felt wants more efficiently and in a better fashion, but also by creating new wants through artificially engendered satisfaction and the suggestion of status symbols", instead arguing that nationalisation was a better means of securing wage restraint and a more equitable tax system as a whole. Balogh was opposed to Britain's entry of the EEC.[4]
He was married twice: firstly in 1945 to Penelope Noel Mary Ingram Tower (daughter of Rev. Henry Bernard Tower, Vicar of Swinbrook, Oxfordshire, and widow of Oliver Gatty, a Balliol Fellow, by whom she had a daughter, Tirril), a psychotherapist, with whom he had two sons and a daughter; secondly in 1970 to Catherine (née Cole, previously married to Anthony Storr), a psychiatrist and author.[6]
Major worksEdit
The Dollar Crisis (1949)
The Economics of Poverty (1970)
The Irrelevance of Conventional Economics (1982)
BiographiesEdit
The Life and Times of Thomas Balogh: A Macaw Among Mandarins, June Morris (Sussex Academic Press, 2007).[7]
ReferencesEdit
^Hungarian-British Diplomacy 1938-1941: The Attempt to Maintain Relations, Andras Bán, Frank Cass Publishers, 2004, p. 180
^ abA Biographical Dictionary of Dissenting Economists, ed. Philip Arestis, Malcolm C. Sawyer, pg 28-35, Edward Elgar Publishing Ltd, 2000
^Brief Lives, Paul Johnson, pp 22-24, Arrow Books, 2011
^Daunton, Martin, Just Taxes, The Politics of Taxes in Britain, 1914-1979, (Cambridge 2008, p.288)
thomas, balogh, baron, balogh, this, article, needs, additional, citations, verification, please, help, improve, this, article, adding, citations, reliable, sources, unsourced, material, challenged, removed, find, sources, news, newspapers, books, scholar, jst. This article needs additional citations for verification Please help improve this article by adding citations to reliable sources Unsourced material may be challenged and removed Find sources Thomas Balogh Baron Balogh news newspapers books scholar JSTOR December 2009 Learn how and when to remove this template message Thomas Balogh Baron Balogh 2 November 1905 20 January 1985 born Balog Tamas 1 was a British economist and member of the House of Lords The Right HonourableThe Lord BaloghChairman of the Fabian SocietyIn office 1969 1970Preceded byPeter ShoreSucceeded byJeremy BrayPersonal detailsBornBalog Tamas 1905 11 02 2 November 1905Budapest Austria HungaryDied20 January 1985 1985 01 20 aged 79 London EnglandSpouse s Penelope Gatty m 1945 div 1970 wbr Catherine Storr m 1970 wbr OccupationEconomistThe elder son of a wealthy Budapest Jewish family his father was head of public transport his mother the daughter of a professor Balogh studied at the Minta Gymnasium considered the Eton of Hungarian youth then at the universities of Budapest and Berlin He took a two year research position at Harvard University as a Rockefeller Fellow in 1928 Following this Balogh worked in banking in Paris Berlin and Washington before coming to England 2 After getting British citizenship in 1938 he became a lecturer at Balliol College Oxford and was elected to a Fellowship in 1945 then became Reader in 1960 He was also the economic correspondent for the New Statesman an economic adviser to Harold Wilson s Cabinet office following the 1964 Labour Party victory 3 and member of the Secretariat of the League of Nations 2 As an advisor in the Cabinet Office after 1964 Balogh was a critic of consumption and profit orientated tax policies arguing that profit can be earned not merely by satisfying long felt wants more efficiently and in a better fashion but also by creating new wants through artificially engendered satisfaction and the suggestion of status symbols instead arguing that nationalisation was a better means of securing wage restraint and a more equitable tax system as a whole Balogh was opposed to Britain s entry of the EEC 4 Balogh was created a Life Peer as Baron Balogh of Hampstead in Greater London on 20 June 1968 5 He was married twice firstly in 1945 to Penelope Noel Mary Ingram Tower daughter of Rev Henry Bernard Tower Vicar of Swinbrook Oxfordshire and widow of Oliver Gatty a Balliol Fellow by whom she had a daughter Tirril a psychotherapist with whom he had two sons and a daughter secondly in 1970 to Catherine nee Cole previously married to Anthony Storr a psychiatrist and author 6 Major works EditThe Dollar Crisis 1949 The Economics of Poverty 1970 The Irrelevance of Conventional Economics 1982 Biographies EditThe Life and Times of Thomas Balogh A Macaw Among Mandarins June Morris Sussex Academic Press 2007 7 References Edit Hungarian British Diplomacy 1938 1941 The Attempt to Maintain Relations Andras Ban Frank Cass Publishers 2004 p 180 a b A Biographical Dictionary of Dissenting Economists ed Philip Arestis Malcolm C Sawyer pg 28 35 Edward Elgar Publishing Ltd 2000 Brief Lives Paul Johnson pp 22 24 Arrow Books 2011 Daunton Martin Just Taxes The Politics of Taxes in Britain 1914 1979 Cambridge 2008 p 288 No 44618 The London Gazette 21 June 1968 p 6975 The Life and Times of Thomas Balogh A Macaw Among Mandarins June Morris Sussex Academic Press 2007 p 47 The Life and Times of Thomas Balogh June Morris Archived from the original on 28 March 2007 Retrieved 4 January 2010 Party political officesPreceded byPeter Shore Chairman of the Fabian Society1969 1970 Succeeded byJeremy Bray nbsp This article about a Hungarian economist is a stub You can help Wikipedia by expanding it vte nbsp This biography of a life peer is a stub You can help Wikipedia by expanding it vte Retrieved from https en wikipedia org w index php title Thomas Balogh Baron Balogh amp oldid 1158842404, wikipedia, wiki, book, books, library,
