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Sir Richard Stone, knighted 1978 and 1984 Nobel Laureate in Economics, was one of the pioneers of national income and social accounts, and one of the few economists of his generation to have faced the challenge of economics as a science by combining theory and measurement within a cohesive framework. Awarded the Nobel Prize for his ‘fundamental contributions to the development of national accounts’, he made equally significant contributions to the empirical analysis of consumer behaviour. His work on the ‘Growth Project’ was instrumental in the development of econometric methodology for the construction and analysis of large disaggregated macroeconometric models.