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The Academic Mind and Reform - The Influence of Richard T. Ely in American Life (Paperback)
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The Academic Mind and Reform - The Influence of Richard T. Ely in American Life (Paperback)
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For over two generations economist Richard T. Ely popularized a
wide spectrum of significant liberal social principles and mirrored
many of the dilemmas, frustrations, and successes of the
academician as a reformer. He was the originator of many ideas that
agitated American reform circles in the late nineteenth and early
twentieth centuries, and unlike most professors of his time, he
frequently engaged in the public controversies that raged around
the crucial social issues of the day. Through the use of Ely's vast
published writings and his large collection of personal papers,
Benjamin G. Rader shows him to have been the most provocative
spokesman in America of the New Economics which was an important
stimulus to the reform efforts in the late nineteenth century. The
New Economics inaugurated the institutional economics of the
twentieth century and influenced such men as John R. Commons,
Thorstein Veblen, Wesley C. Mitchell, and later John K. Galbraith.
Ely's influence on higher education, Rader concludes, was
inestimable. His ideas embodied the antecedents of modern welfare
economics, but he was also an important figure in promoting the
then-new disciplines of political economy, sociology, agricultural
economics, and land economics.
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