Basil Yamey facts for kids
Basil S. Yamey was a very smart economist from South Africa. He was born in Cape Town on May 4, 1919. An economist is someone who studies how people and countries make, spend, and save money. They look at things like jobs, prices, and businesses.
Yamey lived a long life and passed away on November 9, 2020, in Cape Town, when he was 101 years old.
Basil S. Yamey: A Smart Economist
Basil Yamey spent many years teaching and sharing his knowledge. He was known for his work in economics, which is a field that helps us understand how the world's money and resources work.
A Professor at LSE
For a long time, Basil Yamey was a Professor at the London School of Economics. This is a very famous university in London, England, where many bright students go to learn about economics, politics, and social sciences. As a professor, he taught students and did research to help us understand economic ideas better.
Helping the Government
From 1966 to 1978, Basil Yamey also worked part-time for a group called the Monopolies and Mergers Commission. This commission was a special team that made sure businesses in the country competed fairly. They wanted to prevent any one company from becoming too big and powerful, which could hurt smaller businesses or make prices unfair for customers. Yamey helped them make important decisions about how businesses should operate.
His Legacy
Basil Yamey was recognized for his important contributions to economics. He was awarded the CBE, which is a special honor given to people who have made a big difference in their field. His work helped shape how we think about competition and markets today.
