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    Edgar Owen Edwards - 1919-2010
    memorial posted June 11, 2012 by Deirdre Harris, last edited June 11, 2012, tagged 2010, memorial 
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    Edgar Owen Edwards - 1919-2010

    Edgar O. Edwards, a longtime economics and accounting educator at Rice University, died June 5, 2010 in Poultney, Vermont, where he and his wife Jean lived in retirement.

    Ed is best known to the accounting world as the author together with Philip W. Bell of the highly influential treatise, The Theory and Measurement of Business Income, which was published in 1961 by the University of California Press. In 2003, both he and Bell were inducted into the Accounting Hall of Fame.

    In 1951, Ed obtained a Ph.D. in political economy from Johns Hopkins University. He then served on the Princeton University economics faculty until 1959, when he became the Hargrove Professor of Economics and Chairman of the Department at Rice University. From 1978 to 1983, when he retired from Rice, he taught accounting seminars in the Jesse H. Jones Graduate School of Administration.

    Prior to the War, he had worked for a furniture company, where he dealt with costs as a basis for pricing, which, he said, raised questions about the relevance of historical cost depreciation. While at Princeton, he taught a night school course in accounting. Among the other sources of accounting influence were Sidney Davidson, an assistant professor at Johns Hopkins, and Stanley E. Howard, who lectured on accounting and corporate finance at Princeton.

    Between 1963 and 1978, during various leaves, he worked for the Ford Foundation as an economic adviser and planner for both Kenya and its Asia and Pacific Program. During one period, he was senior economic adviser to Kenya’s Ministry of Finance and Planning. He also served as an economic adviser to the governments of Botswana and Lebanon.

    He wrote more than 20 articles on economic theory, development planning, and accounting. In addition, he was author or editor of more than a dozen books and monographs, including a textbook, Accounting for Economic Events, with Bell and L. Todd Johnson.

    In addition to Jean, he leaves three children: Kathryn, Carolyn, and Douglas.