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The Lord Balogh | |
|---|---|
| Chairman of theFabian Society | |
| In office 1969–1970 | |
| Preceded by | Peter Shore |
| Succeeded by | Jeremy Bray |
| Personal details | |
| Born | Balog Tamás (1905-11-02)2 November 1905 Budapest,Austria-Hungary |
| Died | 20 January 1985(1985-01-20) (aged 79) London,England |
| Spouses | |
| Occupation | Economist |
Thomas Balogh, Baron Balogh (2 November 1905 – 20 January 1985), bornBalog Tamás,[1] was a Britisheconomist and member of theHouse of Lords.
The elder son of a wealthyBudapest Jewish family (his father was head of public transport, his mother the daughter of a professor), Balogh studied at theMinta Gymnasium, considered 'theEton of Hungarian youth', then at the universities ofBudapest andBerlin. He took a two-year research position atHarvard University as aRockefeller Fellow in 1928. Following this, Balogh worked in banking in Paris, Berlin and Washington before coming to England.[2]
After getting British citizenship in 1938, he became a lecturer atBalliol College, Oxford, and was elected to a Fellowship in 1945, then became Reader in 1960. He was also the economic correspondent for theNew Statesman, an economic adviser toHarold Wilson's Cabinet office following the 1964Labour Party victory,[3] and member of the Secretariat of theLeague of Nations.[2]
As an advisor in the Cabinet Office after 1964, Balogh was a critic of consumption- and profit-orientated tax policies, arguing that "profit can be earned not merely by satisfying long felt wants more efficiently and in a better fashion, but also by creating new wants through artificially engendered satisfaction and the suggestion of status symbols", instead arguing that nationalisation was a better means of securing wage restraint and a more equitable tax system as a whole. Balogh was opposed to Britain's entry of the EEC.[4]
Balogh was created aLife Peer asBaron Balogh, "ofHampstead inGreater London" on 20 June 1968.[5]
Brian Harrison recorded an oral history interview with Balogh, in May 1977, as part of the Suffrage Interviews project, titledOral evidence on the suffragette and suffragist movements: the Brian Harrison interviews.[6] In the interview Balogh talks about his friendship withEva Hubback.
He was married twice: firstly in 1945 to Penelope Noel Mary Ingram Tower (daughter of Rev. Henry Bernard Tower, Vicar ofSwinbrook, Oxfordshire, and widow ofOliver Gatty, a Balliol Fellow, by whom she had a daughter, Tirril), a psychotherapist, with whom he had two sons and a daughter; secondly in 1970 to Catherine (née Cole, previously married toAnthony Storr), a psychiatrist and author.[7]
| Party political offices | ||
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| Preceded by | Chairman of theFabian Society 1969 – 1970 | Succeeded by |
| International | |
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| National | |
| Academics | |
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