(The writer still believes that somebody, somewhere, has d...)
The writer still believes that somebody, somewhere, has done the very thing he is doing, and has done it better. But inasmuch as a fairly careful search has failed to reveal anything of the kind, he has accepted the invitation of the editor of the Yale Review to publish a part of his essay, omitting for the sake of brevity many of the citations and discussions in the longer study. In the case of Orlando, audacity was justified by the event. May it not, in the present case, be at least excused? If we examine first of all Shakespeare splots, we notice that in not a few of his plays the action turns either wholly or in part upon economic questions. In Timon of A thens we have the example of a man not only rich but lavishly generous, so generous, in fact, that he impoverishes himself in order to be kind to his friends. But when he finds himself pinched and confidently calls upon those whom he has helped to come to his assistance and lend him money, they all begin to make excuses. His indignation at this ingratitude embitters him and finally unhinges his mind. We have here one of those economic situations which are liable to occur under any organization of society, whether patriarchal or capitalistic, and many a Wall Street magnate of our day has found himself, when fortune ceased to favor him, pushed aside as mercilessly as was Timon of A thens. As a composer will often take a simple theme and develop it into a symphony, so it almost seems as if Shakespeare had developed the tragedy of Timon of A thens out of the thought expressed by Jaques in As You Like It :S weep on, you fat and greasy citizens; Tis just the fashion: wherefore do you look Upon that poor and broken bankrupt there? The Merchant of Venice is in a sense the antithesis of Timon of A thens.
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The Yale Review, Vol. 14: A Quarterly Journal for the Scientific Discussion of Economic, Political, and Social Questions; May, 1905, to February, 1906 (Classic Reprint)
(Excerpt from The Yale Review, Vol. 14: A Quarterly Journa...)
Excerpt from The Yale Review, Vol. 14: A Quarterly Journal for the Scientific Discussion of Economic, Political, and Social Questions; May, 1905, to February, 1906
The University Catalogue contains full information concerning all depart ments. It may be secured by addressing the Secretary of the University.
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The Yale Review, Vol. 15: A Quarterly Journal for the Scientific Discussion of Economic, Political, and Social Questions; May, 1906, to February, 1907 (Classic Reprint)
(Excerpt from The Yale Review, Vol. 15: A Quarterly Journa...)
Excerpt from The Yale Review, Vol. 15: A Quarterly Journal for the Scientific Discussion of Economic, Political, and Social Questions; May, 1906, to February, 1907
Literature and politics are, of course, distinct things. But books are produced to sell, and when a stream of reading matter relating to a subject issues from our printing presses, we can be sure either that the subject is one in which people are already interested, or that the literature itself is expected by the publishers to create an interest. In either case it is significant of the trend of public thought, and this is generally the precursor of that pub lic opinion which ultimately crystallizes in votes and in laws. Thus the publishers of The Jungle, a recent socialistic novel, advertise it as the Uncle Tom's Cabin of Wage Slavery. There is a significance in this phrase, because, if people are to be really stirred up on the subject of what the socialists call capi talism as they were on the subject of slavery, the history of emancipation is full of instruction.
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The Economic Utilization of History: And Other Economic Studies (Classic Reprint)
(The Eoonomio Utilization of History andO therE conomic St...)
The Eoonomio Utilization of History andO therE conomic Studies Chapter Paob I. The Economic Utilization of History ..... 1II. Some Questions of Methodology III. Economic Experimentation in the United States .rv. The Pathology of Progress .Y. Economic Progress and Labor Legis lation .... YI. Fundamental Distinctions in Labor Legislation YII. Purposes of Labor Legislation Vni. Practical Methods in Labor Legislation .... TK. A cataU actic Factors in Distribution .... X. AS ocialized Business Enterprise XI. Social Myopia
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Biographical Record of the Class of 1874 in Yale College, Part Fourth, 1874-1909
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Yale Review ..., Volume 14
George Park Fisher, Henry Walcott Farnam, John Christopher Schwab, Edward Gaylord Bourne, Irving Fisher, Henry Crosby Emery, Yale University
Tuttle, Morehouse & Taylor, 1906
Social sciences
He was born in New Haven, Connecticut, youngest of the five children of Henry Farnam, canal and railroad builder, and Ann Sophia Whitman. Although but an infant, he was one of the party that traveled from the East to witness the Chicago & Rock Island Railroad, which his father was building, reach the Mississippi.
Education
In 1863, when his father resigned the presidency of the Chicago & Rock Island, Henry was taken abroad and there received a part of his early education.
During the year 1863-64 he lived at Fontainebleau with a French Protestant pastor; from 1865 to 1867 he attended school at Heidelberg, and from 1867 to 1869, at Weimar.
Upon his return to New Haven in 1869, he spent a year in the Hopkins Grammar School and then entered Yale College, where he was graduated in 1874 with the degree of A. B.
Following his graduation he remained for a year doing graduate work in economics and public law and earning the degree of A. M. in 1875, probably the first student at Yale to qualify for that degree for work accomplished, all earlier grants having been honorary.
In 1878 the University of Strassburg awarded him the degree Rerum Politicarum Doctor, magna cum laude, his thesis being entitled "Die innere Franz"sische Gewerbepolitik von Colbert bis Turgot. "
Career
The following year he joined the faculty of Yale College as tutor in Latin; he became professor of political economy in 1880, and the year following was also appointed to the professorship in that subject in the Sheffield Scientific School vacated by Francis A. Walker when he was called to the presidency of the Massachusetts Institute of Technology. This latter chair he relinquished in 1903.
In 1912 he became professor of economics, which position he held till he retired in 1918, as professor emeritus. In addition to his teaching, he served the university in many important capacities.
Farnam contributed little of importance to economic history or theory. His articles and speeches were largely on current problems that soon lost their significance. The impact of his personality and learning was wielded at conference tables and in administrative work of no little value.
He was instrumental in the reorganization of the department as the board of research associates in American economic history; was its chairman and treasurer (1916 - 33); and edited seven volumes in the Contributions to American Economic History series
For the series he prepared a history of social legislation, left unfinished at his death but edited and published, in part, by Clive Day--Chapters in the History of Social Legislation in the United States to 1860 (1938).
In 1914, under the title The Economic Utilization of History and Other Studies, he published a collection of fourteen of his papers. Some of these had appeared originally in the Yale Review. This periodical remains a monument to him, for in 1892 he bought out the interest of William L. Kingsley in the New Englander and Yale Review, organized a board of editors, of which he was chairman until 1911, changed the name to the Yale Review, and limited its scope to history, economics, and public law.
In 1914 he was appointed Roosevelt Professor at the University of Berlin. After he reached England, however, the First World War began and he was prevented from delivering the lectures. Born to assured financial and social position, he felt keenly the obligations which this fact placed upon him.
Accordingly, much of the time he might have spent in research and writing he devoted to charitable and reform activities. It had a stormy and financially unprofitable career.
In 1923 he published a pamphlet, Confessions of a Prohibitionist, which went through three editions of 10, 000 copies. To the use of tobacco he was opposed and published in the Unpopular Review (January 1914), "Our Tobacco: Its Cost. A Tentative Social Balance Sheet, " in which he set forth ten types of cost against one of credit. Among his diversions was photography, and the pictures of old houses and other objects which he preserved are a source of information on the history of New Haven and Connecticut.
Another diversion was the study of Shakespeare, and in 1931 he published Shakespeare's Economics. Scrapbooks, which he kept from his college days, contain the story of his life and times, and have no little historical value.
His death occurred in New Haven in his eightieth year from postoperative complications, and he is buried in the Grove Street Cemetery.
(Excerpt from The Yale Review, Vol. 15: A Quarterly Journa...)
Views
Although originally not a prohibitionist or a teetotaler, he became convinced that prohibition honestly enforced was for the best interests of the country.
Quotations:
"I took up the cause which had the fewest friends, if it were otherwise good, " he once wrote, "because I could afford better than others to sacrifice popularity" (Biographical Record of the Class of 1874 in Yale College, 1889).
Membership
A list of the societies and movements with which he was connected enumerates seventy-eight. In practically all of the local charitable, health, and labor organizations he was an aggressive leader.
He was vice-president of the National Civil Service Reform League in 1900, and a member of its council from 1901 to 1933.
He had a lively interest in art and was a member of the Connecticut State Commission of Sculpture.
Interests
An excellent horseman, he rode until shortly before his death.
Music & Bands
As an early effort at reform he organized a company, of which he became president (1884 - 90), took over the Morning News, a New Haven newspaper of a low order, and converted it into a non-partisan organ which attacked abuses in government quarters and advocated civil service and other reforms.
Connections
On June 26, 1890, he married Elizabeth Upham Kingsley; five children were born to them--Louise Whitman, Katharine Kingsley, Henry Walcott, and two who died in infancy.