Economist Sir Richard Blundell frontrunners Nobel prize

British professor who made name studying impact of falling wages on consumer demand was cited in more academic papers last year than any other economist

A British economist who made his name studying wages, taxes and household spending is among the frontrunners to win the economics Nobel prize when it is announced on Monday.

Analysis by Thomson Reuters found that Sir Richard Blundell, the Ricardo professor of political economy at University College London, was cited in more academic papers over the last year than any other economist, indicating that his research on the impact of falling wages on consumer demand has proved hugely influential.