James Meade received the Nobel Prize in Economic Sciences (jointly) in 1977 for a path-breaking contribution to the theory of international trade and international capital movements.
Meade taught at LSE from 1947 to 1957 and was a professor of commerce concentrating on international trade. It was during his ten years at LSE that he wrote The Theory of International Economic Policy, published as two books: The Balance of Payments, and Trade and Welfare. The research applied economic welfare theory to international transactions, and provided the foundation on which he subsequently won the Nobel Prize.
Read more about James Meade on the LSE History Blog.