Economic essays

Bibliographic data

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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DINNER IN HONOR OF PROFESSOR JOHN BATES CLARK 359 economic and social sciences in this country. They have competed with each other in achieving great results; and what does not frequently happen to competitors, they each reached the goal of fame and success. Our birth- day child, as the continentals call the guest of the day, soon became the acknowledged leader of the economists in this county; and his young friend and colleague rapidly achieved a similar position among those that began to call themselves by the novel name of sociologists. Accordingly, gentlemen, I have great pleasure in now presenting to you that codperator and that competitor, my beloved colleague, Professor Giddings. Professor Franklin H. Giddings Mr. Chairman, Professor Clark and Gentlemen: It is difficult for me to speak on this occasion because all I have to say is so suffused with the feeling born of my personal relations with Pro- fessor Clark that it must necessarily seem to you to be of an almost too personal character. In the days to which our Chairman has referred and when Professor Clark was the occupant of the chair of history and economics at Smith College, I was following the craft of the daily news- paper man in the neighboring city of Springfield. It was my good fortune soon after going there, to make the acquaintance of Professor Clark. The acquaintance quickly ripened into a rare intimacy and became one of those friendships destined to be lifelong in duration, and of the most helpful kind because it was from the first moment a friendship of mutual interest in ideas, in work and in ambitions. At that time I was presumptuously writing editorials on such topics as the tariff and money, labor troubles and the like. My preparation in economics had been of a casual sort, consisting .of a somewhat diligent reading of the old classical economists and a correspondence with two kindly friends, one, David A. Wells, the other Professor Arthur L. Perry of Williams College. From the moment when I became acquainted with Professor Clark, I realized that I was in contact with a mind of a type that I never before had met. Professor Clark had worked out his philosophy of wealth, and we talked about it and about the various openings into which it seemed to lead. I was fascinated by it. I had not before realized the possibilities of developing economic theory as Professor Clark had then developed it. A thing that greatly interested me was that he clearly regarded this work of his not as an achievement, but as a mere beginning of things to which he wished to press forward. In our frequent interviews, visits and rides together in the beautiful Connecticut valley, we exchanged our notions about the changes that were taking place in the industrial world, the political world, and the social world, and the interpretation of them all in terms of new theoretical formulations which by that time had come to be regarded almost as old, accepted and established. Professor Clark’s first book, The Philosophy of Wealth, was a rare pro- duction in more ways than one. For one thing, it was the work of a master

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