Professor David Rowan was an important monetary economist whose work and teaching inspired many generations of university students. A consummate academic, he applied his science to the practical world of money and banking and his influence helped to integrate Keynesian thinking, which had dominated economic policy until the 1950s, with Friedman’s monetarist approach, which became the established policy in the latter part of the century and which remains a central plank of economic thinking today.

He was born in 1918 and educated at St Lawrence College, Ramsgate