30th August 1913 (Saturday)

BORN TODAY: in London, England – Sir John Richard Nicholas Stone, “eminent British economist” who married the dismal science of economics to the even more dismal arithmetic of modern accounting to create the concept of national income and expenditure, thereby earning himself a Nobel Memorial Prize in Economic Sciences. Sadly, however, his work did not make the world a less dismal place.


Sport: In North London, the (Woolwich) Arsenal football club play their first practice match at their new ground – the Highbury stadium. Unfortunately the public cannot be admitted because the ground is still a building site and considered too dangerous.



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