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

Friedrich Lutz Friedrich Lutz (22 February 1852 in Heidenheim – 14 May 1918 in Oettingen) was a German politician, Bavarian brewery owner, and farmer. He was mayor (bürgermeister) of Heidenheim, a member of the Bavarian Landtag and a member of the German ...

Career

Smith was born in Kent, England, and studied at the London School of Economics between 1930 and 1935 for a

PhD PHD or PhD may refer to: * Doctor of Philosophy (PhD), an academic qualification Entertainment * '' PhD: Phantasy Degree'', a Korean comic series * ''Piled Higher and Deeper'', a web comic * Ph.D. (band), a 1980s British group ** Ph.D. (Ph.D. albu ...

. In 1937, she married German economist

, and the couple moved to Princeton University prior to the start of the Second World War, and moved to Zurich in 1951. Lutz's main areas of study were credit theory, economic development theory and labour economics. 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". 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 A monopoly (from Greek el, μόνος, mónos, single, alone, label=none and el, πωλεῖν, pōleîn, to sell, label=none), as described by Irving Fisher, is a market with the "absence of competition", creating a situation where a spec ...

behaviour of Italian industry. Vera and Friedrich had been invited to Italy by the

Banca d'Italia The Bank of Italy (Italian: ''Banca d'Italia'', informally referred to as ''Bankitalia''), (), is the central bank of Italy and part of the European System of Central Banks. It is located in Palazzo Koch, via Nazionale, Rome. The bank's curre ...

Works

* * *''Real and Monetary Factors in the Determination of Employment Levels'', 1952. *''Multiplier and Velocity Analysis: A Marriage'', 1955. * *

References

External links

* * {{DEFAULTSORT:Lutz, Vera British economists British women economists 1912 births 1976 deaths People from Kent Alumni of the London School of Economics