Richard Theodore ELY, economist. Founder and President, American Economic Association, 1900-1902; Founder, Institute, Institution Research Land Economics and Public Utility Economics, 1920.
ELY, Richard Theodore was born in 1854 in Ripley, New York, United States of America.
Bachelor of Arts Columbia College, 1876.
His advocacy of reform movements and in particular his account of labour organisations caused him to be embroiled in controversy over strikes and the issue of socialism. The University of Wisconsin ‘trial’ in 1894 exonerated him and resulted in a classic statement in favour of academic freedom. The school he founded at Wisconsin provided a link between German historical economics and institutionalism, and became famous because of its collaboration with the progressive state government of Wisconsin.
Property and Contract.. was his main published contribution, but was only part of a massive output of articles and editorial work. His teaching and founding work for the American Economic Association made him one of the most influential economists of his time. Lector Economics, Johns Hopkins University, 1881-1892.
Professor, University Wisconsin, 1892-1922.
Founder and President, American Economic Association, 1900-1902. Founder, Institute, Institution Research Land Economics and Public Utility Economics, 1920.
This book, written in the late 19th century, came during the notorious Gilded Age in America, where many Americans were frustrated with the immense wealth that a few were able to make as a result of poor labor laws and conditions.