Renowned economist Michio Morishima, professor emeritus at the University of London and Osaka University, died at a hospital in Britain on Tuesday, Osaka University said Thursday. He was 80.

Morishima, who was from Kobe and resided in Brentwood, Essex, contributed to progress made in theoretical economics and was a one-time candidate for a Nobel Prize in economics.

After graduating from the prestigious Kyoto University in 1946, he served as an assistant professor at his alma mater and as a professor at Osaka University.

He served as a professor at the University of London from 1970 to 1989, having studied at Oxford University and taught at the University of Essex.

Morishima, who was awarded the Order of Culture in 1976, authored a number of books, some of which were published in Japan and warned against the rigidity of Japanese society.