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ADAMS, Heniy C. ADAMS, Thomas Sewall (1873-1933) Biographical sketches: "Special Resolutions", PROCEEDINGS of the American Economic Assn., March, 1934, pp. 213-4. DIRECTORY OF AMERICAN BIOGRAPHY (1944, SUPPLEMENT t) by F. R. Fairchild AMERICAN ECONOMIC REVIEW, June 1950, p. 267 Bibliography by E. F. Furniss, AMERICAN ECONOMIC REVIEW, June, 1934, PP. 280-81. Economist (Public Finance) ALLEN, Edward D. died: July 2U9 1947 BAENETT, George Ernest (1873-1933) b. Cambridge, Maryland, Feb. 19, 1873. ed.: A.B., Randolph-Macon College, 1891; Ph.D., Johns Hopkins, 1902; LL.D. (hon.), Johns Hopkins, 1934. 1901-11 Successively instructor, associate, and associate prof, of political economy, Johns Hopkins 1911-38 Professor of Statistics, Johns Hopkins University Early part of career interest mainly in banking and statistics. STATE BANKING IN THE UNITED STATES (Ph.D. thesis) published in 1902. STATE BANKS AND TRUST COMPANIES SINCE THE PASSAGE OF THE NATIONAL BANK ACT. Natl. Monetary Commn. 1911. Editor A TRIAL BIBLIOGRAPHY OF AMERICAN TRADE UNION PUBLICATIONS (1904) Co-Editor (with J.H. Hollander-* STUDIES IN AMERICAN TRADE UNIONISM (1906). "The Printers. A Study in American Trade Unionism," No. 3, American Econ. Assn. "Third Series), 1909 MEDIATION, INVESTIGATION, AND ARBITRATION (with D.A. McCabe) 1916 MACHINERY AND LABOR (1926). 34th Pres. of American Economic Assn., 1932. BARNETT, Paul ( - 1944) Professor of statistics and associate director, School of Business Administration, University of Tennessee* Dieds January 9f 1%4* CABLE, John IL Stetson University Died: December 2, 1951 • CASSEL, Gustav (1866-1945) Died: January 15, 1945 • Swedish Economist CLARK, John Bates (1847-1938) See Paul T. Homan's chapter on J.B. Clar£, in his book CONTEMPORARY ECONOMIC THOUGHT (1928). Most active teaching years, 1895-1910 at Columbia; retired in 1923. contributions to theory: principle of marginal analysis theory of capital satisfactory driffeory of entrepreneur1 s function and gaii claifi cation of stationaiy vs. evolutionary states Notable books: THE PHILSOPHY OF WEALTH (1885); DISTRIBUTION OF WEALTH (1899) ESSENTIALS OF ECONOMIC THEORY (1907) THE CONTROL OF TRUSTS(lst ed., 1901; with son rev. ed., 1912) THE PROBLEM OF MONOPOLY (1904) COMMONS, John R. (1862-1945) CONANT, Charles A. ( -1915) For many years Washington correspondent of the-Nw York Journal of Commerce 1902-06 Treasurer, Morton Trust Company of New York Held responsible position in establishing the monetary and banking system of the Philippines (one of the minor silver coins named for him) Publications: HISTORY OF MODERN BANKS OF ISSUE (1397)} WALL STREET AND THE COUNTRY (1904); PRINCIPLES OF MONEY AND BANKING (1905). Died: July 4, 1915- DAVENPORT, Herbert J . (1861-1931) Excellent t h e o r i s t and great teacher VALUE AMD DISTRI UTION (1908) ECONOMICS OF ENTERPRISE (1913) THE ECONOMICS OF ALFRED MARSHALL ( i n mss, 1935) DEL MAR, Alexander His personal collection of books and statistical materials turned over to American Bankers Association. (index of 15,000 cards) DUNBAR, Charles F. (1830-1900) Career—business, farming, law, journalism, newspaper management; first (regular) professorship of economics at Harvard, very active in university administration; founder of QJE (1886) Most notable work: ECONCMEC .ESSAYS (ed. by O.M.W. Sprague with an introduction by F.W. Taussig), 1904; CHAPTERS ON BANKING 9privately printed, 1885; 1st ed., 1891; 5th ed. (ed. by O.M.W. Sprague) as THEORY AND HISTORY OF BANKING, 1929. ELY, Richard T. ( - 1943) Obituary by H.C. Taylor, ECONOMIC JOURNAL, April, 1944- Died: October 4, 1943. FARNAM, Henry Valcott (1853-19 33) b. Nev Haven, Conn., Nov. 6, 1853 (His father vas Pres. of Rock Island R.R. and partner of J. E. Sheffield, founder of Sheffield Scientific School, Yale), ed.: in Germany; A.B., Yale, 1874; M.A., Yale, 1876; graduate studies at universities of Berlin, Goettingen and Strassburg, degree of R.P.E., magna cum laude at Strassburg, 1878. 1879-80 Tutor in Latin, Yale 1890-1912, Professor of Eolitical Economy, Yalej 1912-18 Professor of Economics; Prof. Emeritus until death Died: September 5, 1933. 1903-18 member Yale Graduate School Faculty; member gov. board, Sheffield Scientific School, 1881-1903. LL.D. (hon) Yale, 1923. Edited ECONOMIC ASPECTS OF THE LIQUOR PROBLEM (1899) 7 volumes of CONTRIBUTIONS TO AMERICAN ECONOMIC HISTORY Chief Editor, YALE REVIEW many articles in Yale review and German pubs. ViORKS: THE ECONOMIC UTILIZATION OF HISTORY (1913) President, American Economic Assn., 1911. OTHER VORKS: SHAKESPEARE'S ECONOMICS (1931) Unfinished: A HISTORY OF SOCIAL LEGISLATION IN THE U.S. Digitized FRASER Noteforon Dr. Farnam by Irving Fisher. AMERICAN http://fraser.stlouisfed.org/ REVIEW ^ M a r c h 1 9 ^ > PP* 1 ^ ~ W Federal Reserve Bank of St. Louis ECONOMIC FETTER, Frank A. (1863-1949) primarily (but not exclusively) a t h e o r i s t . PRINCIPLES OF ECONOMICS (1904) FISHER, Irving (1867-1947) First interest in mathematics and astronomy; many scientific and propagandist activities (temperance, eugenics, hygiene, etc.)* Main contributions: 1. to the theory of statistics: index numbers; distribute lags 2. to general theory: (a) His t h e s i s - MATHEMATICAL INVESTIGATIONS IN THE THEORY OF VALUE AND PRICES (1st ed., 1892; r e p r i n t , 1926)—Walrasian groundwork 2 others: method for measuring marginal u t i l i t y of income (see paper in F e s t s c h r i f t for J . B . C i a r k , 192^ fundamentals of indifference-curve analysis i n 2d of h i s t h e s i s . Digitized forpart FRASER contributions to general theory: (b) f i r s t e c . theory of a c c o u n t i n g and b a s i s of modern income a n a l y s i s : NATURE OF CAPITAL AND INCOME(1906) (c) THE RATE OF INTEREST, 1907—whi.xh was done o v e r and r e p u b l i s h e d a s THE THEORY OF INTEREST i n 1930. F i s h e r ' s important c o n t r i b u t i o n s i n a r e a of money and cycles THE PURCHASING POWER OF MONEY (1911) THEORY OF INTEREST (1930) BOOMS AND DEPRESSIONS (1932) APPRECIATION AND INTEREST (Pubs, of A . E . A . , Aug 1896) (with H.G. Brown) THE PURCHASING POWER OF M 0 N E Y ' ( 1 9 1 1 . r e v . e d . . 1913) ' THE MONEY ILLUSION (1928) F i s h e r ' s reform p r o p o s a l s : (a) compensated dollar (b) stable money (c) 100$ reserves Index number contributions: PURCHASING POWER OF MONEY (1911) THE MAKING OF INDEX NUMBERS (1922) GARDNER, Henry Brayton (1863-1939) b. Providence, R.I., March 26, 1863* died: April 22, 1939* B.A., Brown Univ., 1384; A.M., ibid., 1337; Ph.D., Johns Hopkins, 1890. 1333- instructor in political economy, Brown Univ,; 1890, assoc. prof., full prof., 1898 until retirement 1919 Pres. (21st) of American Economic Assn. GAYER, Arthur D. Professor of Economics and Chairman of Department Queens College of City of New York and Lecturer in Economics Graduate School of Arts and Sciences New York University Died: November 17, 1951 • Qy HADLEI, Arthur T. (1856-1930) Teacher, scholar and administrator Most notable work: ECONOMICS (1896) HOLLANDER, Jacob JACKMAN, William T. Died; Toronto, Canada, November 8, 1951. KINLEI, David (1861-19U) Pres., American Economic Assn., 1913* Died: December 3> 1944 UMONT, Thomas W. Died: ( February 2, 1943. -1948) LAMONT, Thomas V. Died: February 2, 1948. LAUGHLIN, J . Laurence McCREA, Roswell C. Former dean of Graduate School of Business and Hepburn Professor of Economics, ColiMbia University- Died: July 3, 1951. MILLER, Harry Edward Professor of Political Economy, Brown University DIED: November 13, 1937. MITCHELL, Wesley C. Died: October 29, 1948. MOORE, Henry Ludwell (1869- ) Pioneer in modern econometrics statistical demand curves (early 1930's) SYNTHETIC ECONOMICS (1929) crop theory of cycles FORECASTING THE YIELD AND THE PRICE OF COTT0N1917 LAWS OF WAGES 91911) ECONOMIC CYCLES: THEIR LAW AND CUASE (19U) GENERATIN ECONOMIC CYCLES (1923) NEWCOMB, Simon (1835-1909) Astronomer and Economist. Sound money man and extreme laissez faire economist. Principal work; PRINCIPLES OF POLITICAL ECONOMY (1885) outstanding performance of American general economics in pre-Clark-Fisher-Taussig era. PATTEN, Simon (1852-1922) B. Sandwich, Illinois, May 1, 1952j died at Browns Mills, New Jersey, July 2, 1922* Ed,: Northwestern University, 1874-76; A.M., and Ph.D., University of Halle, Geiroany, 1878; Hon, LL,I>., University of Illinois, 1905* 1882-88 Principal of public schools in 111* and Iowa; 188 -1917 Professor of Political Economy and head of the economics dept., University of Illinois, Active in foundation of Vharton School of Commerce and Finance, 1908 President, American Economic Assn, Address: "The Making of Economic Literature" Author: PREMISES OF POLITICAL ECONOMY (1885); THEORY OF SOCIAL FORCES 91896); DEVELOPMENT OF ENGLISH (i9cm Taught of Univ. of Pennsylvania, 1888-1917 remembered for advocacy of protectionism; for his conception of an 'economy of plentyf For account of Patten1 s life and works see H. R* SEAGER's essay in ESSAYS IN ECONOMIC THEORY, edited by R. G. Tugwell, 1924. Biographical sketch: AER, June, 1944 (frontispiece) PLEHN, Carl C. ( -1945) 1893-1937 on faculty of University of California. Died at Berkeley, July 21, 1945. PREINEEICH, Gabriel A. D. Died: Coytesville, N.J., April 17, 1951. FJITZLAFF, Carl Johnson Dieds Arlington Va., March 22, 1951. SCHUMPETER, Joseph Alois (1883-*950) Died: January 3, 1950. SCOTT, William Amasa ( -1944) b. Med: November 6, 1944, at Winter Park, Florida SELIGMAN, E. R. A. Obituary by G. F. Shirras, ECONOMIC JOURNAL, September, 1939. work on public finance: SMITH, James Gerald iied: Nov. 28, 1946, ( - 1946) SUMNER, William G. (1840-1910) Academic economist—sound money and extreme laissez faire economistj s o c i o l o g i s t . Notable: h i s h i s to ideal work on money and finance: HISTORY OF AMERICAN CURRENCY (1874) HISTORY OF BANKING IN THE UNITED STATES (1896) TAUSSIG, Frank William (1859-1940) Outstanding U.^. authority on international trade and tariffs. See memorial by his colleages (Schumpeter-Cole and Mason), QUARTERLY JOURNAL OF ECONOMICS, May 1941* DIED: November 11, 1940 • 1917 chairman of newly created U.S. Tariff C0imnn. Taught at Harvard throughout his adult life developed school on international trade Most notable works: TARIFF HISTORY OF THE UNITED STATES (1888) THE THEORY OF INTERNATIONAL TRADE (1927) important work in economic sociology INVESTORS AND MONEY MAKERS (1915) with C.S. Joslyn: AMERICAN BUSINESS LEADERS most notable the 0t . e * ical ^ ^ 4 : WAGES AND CAPITAL ECONOMICS (1911) (1896) PRINCIPLES OF TAYLOR, Fred M. (1855-1932) Teacher of economic theory — non mathematical PRINCIPLES OF ECONOMICS (1911; 9th ed., 1925) very influential teacher with a school (not, however, of fone-master one-doctrine1 sense TINNES, Dana J* ( Died: - 1933) September 1, 1933. at Grand Forks One of the earliest advocates of the commodity dollar, and author of the Burtness bill—a bill to stabilize the buying power of money, introduced by Congressman O.B. Burtness before Congress for several sessions in early 1930*3 WAITER, Francis Aaasa (1840-1897) Bibliography of his work in PUBLICATIONS OF THE AMERICAN STATISTICAL ASSOCIATION, June, 1897. Primarily an administrator (M.I.T.)> served as soldie also distinguished irivil servant (revenue, census) Reputation rests primarily upon his work in money and currency policy textbook on MONEY (1878) INTERNATIONAL BIMETALLISM (1896) creditable performance in field of general economics: THE VAGES QUESTION (1876) textbook on POLITICAL ECONOMY (1883) WELLS, David A. (1828-1898) Geologist and chemist (textbooks published in both fields before he took to economics and eivil service during Civil War period. Notable works: RECENT ECONOMIC CHANGES (1889) OUR BURDEN AND STRENGTH (I864.) REPORTS OF THE SPECIAL COMMISSIONER OF THE REVENUE (1866-69). His estimates of natl. income = real feat on basis of very inadequate data VHITE, Horace (1934-1916) YOUNG, Allyn A. (1876-1929) Great economist and b r i l l i a n t theorist: ECONOMIC PROBLEMS, NEW AND OLD (1927) - collection of essays AN ANALYSIS OF BANK STATISTICS FOR THE UNITED STATES (1928; 1st published in REVIEW OF ECONOMIC STATISTICS, 1924-7) "Increasing returns and economic progress, EJ, Dec. 1928.
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