Abstract
Herbert Frankel (1903–96) was an economist of long and varied achievement, who, after a distinguished career in South Africa, served as Oxford University's first Professor of Colonial Economic Affairs (later Professor of the Economics of Under-developed Countries) from 1946 to 1971. His professional route took him from colonial economics to development economics, making a significant contribution to each. His intellectual trajectory took him from being a critic of colonial economic policies to being a champion of the efficacy of free market liberalism to deliver development. In this he was a true precursor of the counter-revolution in development economics of the 1980s. In a number of ways his writings were prophetic, but it was a younger colleague, Peter Bauer, who became the main standard-bearer of neo-liberalism in development economics.
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