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

312 ECONOMIC ESSAYS IN HONOR OF JOHN BATES CLARK Encyclopedia Americana, 1847, including several on economic topics, and he published on various occasions addresses on Political Economy. At the University of Pennsylvania, after the retirement of Vethake from the Provostship, the course on Political Economy was given by the Professor of English. In 1869 Political Economy was replaced in the University by Social Science, doubtless under the influence of Carey, and in the follow- ing: year the Reverend Robert Ellis Thompson was appointed assistant professor of Social Science in 1874, the title of the chair being changed in 1875 to Social Science and National Economy. We have seen that Dr. Cooper was ignorant of the fact that Political Economy was being taught at William and Mary, Harvard, Princeton or Dickinson. But his greatest error con- sisted in overlooking the fact that not only was Political Economy being taught at Columbia College, but that a chair of that subject had been founded at Columbia long before he made his application to his own trustees. This oversight on the part of Dr. Cooper is all the more remarkable because, in the preface of the very work in which he characterized his recommendation as a “new proposition,” he refers to the use which he had made of McVickar’s book, on the title page of which the latter is described as “Professor of Moral Philosophy and Political Economy at Columbia College, New York.” John McVickar graduated from Columbia in 1804. A few years thereafter he took orders and when Dr. Bowden, who had been since 1801 professor of Moral Philosophy, Rhetoric, Belles Lettres and Logic, died, he was elected to fill the chair. Although MecVickar was a clergyman, he had from an early period interested himself in the study of economics. In 1825 he published his Outlines of Political Economy. This was a reprint of McCulloch’s article in the Encyclopedia Britannica, but with additions described on the title page as “Notes Explanatory and Critical and A Summary of the Science.” In 1826 he edited McCulloch’s Encyclopedia article as Interest made Equity. His chief contribution is found in an anonymous pamphlet of 43 pages entitled Hints on Banking, in a Letter to a Gentleman in Albany by a New Yorker. This was published in 1827 and is dated on the last page as being written from Columbia College. [n this McVickar develops the idea that banking ought to be a

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