Background
Clark, Peter was born on May 24, 1944 in Maidstone, Kent, England. Son of Frederick Leonard and Kathleen Joyce Clark.
Clark, Peter was born on May 24, 1944 in Maidstone, Kent, England. Son of Frederick Leonard and Kathleen Joyce Clark.
Master of Arts, University Oxford, England, 1966.
Research fellow Magdalen College, Oxford, 1968—1972. Visiting fellow Institute Advanced Study, Princeton, New Jersey, 1973. Lecturer to professor University Leicester, England, 1975—2000, director, center urban history England, 1985—1999.
Harrison distringuished visiting professor William and Mary College, Williamsburg, Virginia, 1987—1988. Fellow Institute Advanced Study, The Hague, Netherlands, 1999—2000. Professor European urban history University Helsinki, Finland, since 2000.
Contributor articles to profl. Jours. (Royal History Society Whitfield prize, 1985).
Early work focussed on the idea that economic processes might not evolve at a constant rate, and that an adjusted time scale, or
operational time, could be important in understanding the statistical properties of economic series. The transformation to operational time was successful in explaining the empirical distribution of price changes and returns in financial markets. A position as Senior Staff Economist at the Council of Economic Advisers led to a shift in research interest toward macroeconomic issues, including the natural rate of unemployment, potential Gross National Product, the determinants of business capital formation, and the sources of economic growth.
In 1977, some of this work was the basis for the upward revision of the official employment rate and the downward revision of potential Gross National Product. Recent interest has focussed on the worldwide slowdown in productivity growth and its relationship to the emergence of chronic inflation.
Married Marja Holmila, September 12, 2003.