Full text: Economic essays

316 ECONOMIC ESSAYS IN HONOR OF JOHN BATES CLARK 
tianity, and Political Economy, in 1833. When he retired in 1839, 
his place was taken by President A. Bruyn Hasbrouck, who was 
made Professor of Constitutional and International Law, 
Political Economy, Rhetoric, and Belles Lettres. In 1844 how- 
ever, the title was reduced to Professor of Constitutional Law; 
and the term Political Economy does not reappear until 1867, 
when Mr. J. P. Bradley was made Lecturer in Political Economy 
and Constitutional Law. In the interval, it is possible, although 
not certain, that the subject was taught by the Honorable Theo- 
dore Frelinghuysen, who was president and professor of inter- 
national and constitutional law and moral philosophy from 1850 
to 1862. Finally, in 1869 George W. Atherton became “professor 
of history, political economy and constitutional law.” 
In the University of Virginia political economy was first taught 
in 1826, although its introduction had frequently been discussed 
earlier. Jefferson had always taken a warm interest in the sub- 
ject. When Dupont de Nemours sent Jefferson his project of a 
national university at Washington, the consummation of which 
was prevented by the political and fiscal troubles that culminated 
in the war with England, one of the four schools planned was that 
of Social Science and Legislation. When Jefferson, in 1817, 
worked out his ideas for the institution, soon to become the 
University of Virginia, he included in the course of instruction, at 
the suggestion of Cooper, the subject of political economy. Pro- 
vision was actually made for a chair of ideology, a term doubt- 
less borrowed from a work bearing that title by Count Destutt de 
Tracy, an old friend of Jefferson who had written as far back as 
1798, at the latter’s request, the Commentaries on Montesquieu. 
The first part of the Eléments d’Idéologie appeared in 1804, 
reprinted in 1823 without change as a Traité d’Economie 
Politique. In 1817 there was published at Georgetown, D. C., A 
Treatise on Political Economy to which is prefixed a Supple- 
ment to a Preceding Work on the Understanding or Elements of 
Ideology, by Count Destutt Tracy, translated from the unpub- 
lished French original. In a prefatory letter, Jefferson states 
that he has carefully revised and corrected the translation. He 
recommends the work which “by diffusing sound principles of 
Political Economy will protect the public industry from the 
parasite institutions now consuming it”; and in the accompanying 
prospectus, probably written also by Jefferson, he gives the most
	        
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