Economic essays

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Monograph

Identifikator:: 1753623200

URN:: urn:nbn:de:zbw-retromon-136107

Document type:: Monograph

Title:: Economic essays

Place of publication:: New York

Publisher:: Macmillan

Year of publication:: 1927

Scope:: viii, 368 S.; Ill., graph. Darst.

Digitisation:: 2021

Collection:: Economics Books

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Document type:: Monograph

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Title:: The early teaching of economics in the United States / Edwin R.A. Seligman

Collection:: Economics Books

300 ECONOMIC ESSAYS IN HONOR OF JOHN BATES CLARK The next collection of statutes dates from 1817, and now for the first time we find the term political economy. Among the subjects taught are “Law of Nature and Nations, Metaphysics, Politics, and Political Oeconomy.” a With reference to the quotation from Bishop Meade on which stress is laid by Dr. Tyler, President Chandler writes: “I have examined Bishop Meade’s Old Churches, in which he refers many times to Bishop Madison, but he does not use the words Dr. Tyler quotes in volume VI, p. 182, of the Quarterly. 1 do not know where this quotation is from.” Furthermore, with reference to the statement of Judge Tucker, President Chandler writes: “I have examined volume VI, p. 186, of the Quarterly where Judge Tucker is quoted as saying that in Moral Philosophy the students are examined in Logic, Belles Lettres, Ethics, Natural Law, and Politics. As you observe, no mention is made of Political Economy. This omission seems significant.” President Chandler goes on to state: “I do not know what authority Dr. Tyler has for the statement in volume IX, page 61 (referring to the letter of Mr. Brock).” : Finally, President Chandler adds: “The statement in volume XXV, p. 240 of the Quarterly, (referring to the courses given in 1815) is quoted correctly. So far as I can find, this is the first time the phrase political economy occurs in the College publica- tions and records. I agree with you that we can say that political economy was certainly taught at William and Mary in 1815. The probability of an earlier date seems to be lacking, unless the book of Robert Stanard shows unmistakable use as a textbook.” This conservative conclusion of Professor Chandler was justi- fied by the facts then at our disposal. Since that time, however, we have run across some material which affords evidence of the fact that political economy was indeed taught at the College of William and Mary in the opening years of the nineteenth century. This evidence is found in contemporaneous letters from students. J. S. Watson, who was a student at the College in 1801, writes in a letter to a relative as follows: “In the Political Course we are advanced as far as Smith. The Bishop has introduced Locke on Government, which we have read also. I have also read Paine’s Rights of Man. . . . These three are authors, I believe the most celebrated, and perhaps the most excellent that have written

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