Vera Lutz

Vera Constance Lutz, née Smith (1912–1976), was a British economist. She was married to the German economist Friedrich Lutz.

Career

Smith was born in Kent, England, and studied at the London School of Economics between 1930 and 1935 for a PhD. In 1937, she married German economist Friedrich Lutz, and the couple moved to Princeton University prior to the start of the Second World War, and moved to Zurich in 1951.[1] Lutz's main areas of study were credit theory, economic development theory and labour economics.[2] Vera and Friedrich's 1951 work Theory of Investment of the Firm was said to have "greatly influenced modern capital theory, and would remain a major source of reference for the next decade".[3] Lutz's work Italy, a Study in Economic Development used neoclassical economics, and focused on the differences between Northern and Southern Italy, and the monopolistic behaviour of Italian industry.[4] Vera and Friedrich had been invited to Italy by the Banca d'Italia.[4]

Works
  • The Rationale of Central Banking and the Free Banking Alternative, 1936.
  • Theory of Investment of the Firm, with Friedrich Lutz, 1951.
  • Real and Monetary Factors in the Determination of Employment Levels, 1952.
  • Multiplier and Velocity Analysis: A Marriage, 1955.
  • Italy, a Study in Economic Development, 1963.
  • Central Planning for the Market Economy: An Analysis of the French Theory and Experience, 1969.

Source:[1]

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References
  1. "Vera C. Smith (Lutz), 1912-1976". Het Website. Retrieved 22 October 2016.
  2. Graziani, Augusto. "The Macroeconomic Theory of Vera C. Lutz". Banca Nazionale del Lavoro. p. 1. Retrieved 22 October 2016 – via Sapienza University of Rome.
  3. Glassner, David; Cooley, Thomas F. (1997). Business Cycles and Depressions: An Encyclopedia. Taylor & Francis. p. 415. Retrieved 22 October 2016.
  4. Toniolo, Gianni (January 2013). The Oxford Handbook of the Italian Economy Since Unification. Oxford University Press. pp. 147–150. Retrieved 22 October 2016.
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