Lipson was born 1 September 1888 in Sheffield, the son of H.R. Lipson, a Jewish furniture dealer. He died in London on 22 April 1960. He suffered from poor health and was badly deformed by a childhood accident, which rendered him the unfortunate victim of childish abuse and derision. This may well have had a lasting impact on his personality, for it was later reported by Michael postan that, while highly moderate in his historical approach, he ‘was extraordinarily immoderate in his personal attitudes. The world was divided into two parts: people whom he thought hated him and he hated them; and people whom he thought loved him and he loved them’ (Barker 1977: 10). Determined to live a normal life, he bought a plot of land in 1919 for himself and a future wife, and assigned a room in his Oxford home in the 1920s as a nursery. Neither wife nor Child ever materialized.
From The Biographical Dictionary of British Economists in Oxford Reference.