James Meade

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.