W. Arthur Lewis, born on January 23, 1915, in Castries, Saint Lucia, was a distinguished economist known for his groundbreaking work in the field of economic and social development. He began his academic journey by earning a Bachelor of Science from the London School of Economics in 1936, followed by obtaining his PhD from the same institution in 1940.
Throughout his career, Lewis made significant contributions to the field of economics, particularly in the areas of economic development and labor economics. His most notable work came in 1954 with his article "Economic Development with Unlimited Supplies of Labour," which introduced the famous Lewis Model. This model revolutionized the way economists approached the study of growing economies in developing countries.
His groundbreaking research earned him the prestigious Nobel Prize in Economic Sciences in 1979, solidifying his status as one of the most influential economists of his time.
W. Arthur Lewis held various academic positions throughout his career, with one of the most notable being the James Madison Professor of Political Economy at Princeton University. His tenure at Princeton allowed him to further explore his research interests and educate future generations of economists. He also served as an advisor to several governments and international organizations, utilizing his expertise to shape economic policies around the world.
Outside of his academic and professional achievements, Lewis was a devoted family man. He shared his life with his wife Gladys, with whom he had two children. Despite his busy career, he always made time for his family, cherishing the moments spent with his loved ones.
W. Arthur Lewis' contributions to the field of economics remain invaluable, and his work serves as a foundation for further research and innovation in the field of economic development. His passion for knowledge and his dedication to making the world a better place continue to inspire generations of economists and scholars.