Oswald Toynbee Falk
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Oswald Toynbee Falk (1879 – 1972) was a stockbroker and economist, born in the Toxteth area of Liverpool on 25 May 1879[1] to Hermann John Falk and Rachel Russell Everard Toynbee.[1] He was the nephew of social philosopher and economist Arnold Toynbee.[1] Falk attended Rugby School and Balliol College, Oxford where he trained as an actuary. He worked for the National Mutual Life Assurance Society and became a fellow of the Institute of Actuaries before leaving the profession in 1914.[2] Afterwards he joined the London stock exchange and in 1917 was invited by John Maynard Keynes to work at the Treasury where he proved himself to be a gifted ‘practical economist’.[1]
Falk bought Lindesfarne Castle from Edward Hudson, the founder of Country Life magazine in 1922 for £22,000[3] but only owned it a short time before selling on to Edward de Stein, a merchant banker.[4]