The Academic Mind and Reform: The Influence of Richard T. Ely in American Life

The Academic Mind and Reform: The Influence of Richard T. Ely in American Life

Benjamin G. Rader / Jun 17, 2019

The Academic Mind and Reform The Influence of Richard T Ely in American Life 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

  • Title: The Academic Mind and Reform: The Influence of Richard T. Ely in American Life
  • Author: Benjamin G. Rader
  • ISBN: null
  • Page: 319
  • Format: None
  • 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 hFor 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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    1. Richard Ely was one of the most important thinkers of the Progressive Era. This my seem improbable since his name has long retreated out of the public consciousness and this book, almost 50 years old, remains the only biography out there of him, yet a listing of his accomplishments should provide some evidence. First, he created the American Economic Association in 1885 (and pledged it explicitly to socialist principles). He also popularized the notion of the "natural monopoly" and municipal own [...]


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