Eprime Eshag
Encyclopedia
Eprime Eshag was an Iranian born Keynesian socialist economist.

In 1936 Eshag won a scholarship from the Bank Melli Iran
Bank Melli Iran
Bank Melli Iran , also called the National Bank of Iran, is the first national Iranian bank. The bank was established in 1927 by the order of the Majlis and since then has consistently been one of the most influential Iranian banks.In 1931 the Iranian Majlis authorized the bank to print and...

 to study accountancy at the London School of Economics
London School of Economics
The London School of Economics and Political Science is a public research university specialised in the social sciences located in London, United Kingdom, and a constituent college of the federal University of London...

. Whilst there his interests turned to economics and he was noticed by J.M. Keynes as being "a man of promise". After working in the Bank Melli in Tehran for a short period in 1946, he left to pursue private accountancy work. At around this time he was active in the left-wing Tudeh party.

In his work Eshag was a influenced and supported the work of Joan Robinson
Joan Robinson
Joan Violet Robinson FBA was a post-Keynesian economist who was well known for her knowledge of monetary economics and wide-ranging contributions to economic theory...

, Michal Kalecki
Michal Kalecki
Michał Kalecki was a Polish economist who specialized in macroeconomics of a broadly-defined Keynesian sort...

 as well as J.M. Keynes and was particularly noted for applying his economic knowledge in the context of development. He was appointed by the UN as an Economic Affairs Officer in the UN Secretariat and spent nearly a decade there. His period with the UN ended after a confrontation with UN Secretary General Dag Hammarskjöld
Dag Hammarskjöld
Dag Hjalmar Agne Carl Hammarskjöld was a Swedish diplomat, economist, and author. An early Secretary-General of the United Nations, he served from April 1953 until his death in a plane crash in September 1961. He is the only person to have been awarded a posthumous Nobel Peace Prize. Hammarskjöld...

 over the laters request that Eshag tone down his critique of western powers role in the Congo. In 1963 Eshag became a fellow of Wadham College
Wadham College, Oxford
Wadham College is one of the constituent colleges of the University of Oxford in the United Kingdom, located at the southern end of Parks Road in central Oxford. It was founded by Nicholas and Dorothy Wadham, wealthy Somerset landowners, during the reign of King James I...

 and a lecturer at the Institute of Economics and Statistics in Oxford University. He stayed at Oxford from 1963 to his partial retirment in 1986. During this period he continued working for the UN on various contracts.

The most noted of his publications was his (1984) Fiscal and Monetary Policies and Problems in Developing Countries.

Eshag's home in Summertown, the Urmia House on Lathbury Road, now serves as accommodation for postgraduates of Wadham College.
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