Full text: Economic essays

I'HE EARLY TEACHING OF ECONOMICS IN THE UNITED STATES 315 
Dispute XXXIV—Ought Manufactures to be encouraged 
in the United States? 
Dispute XXXVI—Ought the Interest of Money to be regu- 
tated by Law? 
Dispute XXXIX—Is man advancing to a state of Per- 
fectibility ? * 
In the discussion of these questions we find mention of Adam 
Smith as well as of other writers on economic topics. 
If an inference from these facts is permissible, it would seem 
that Economics was taught at Yale even earlier than in any other 
Northern institution. As to what happened between 1814 and 
1825, we are not in a position to decide; but in that year it 
appeared, as stated, as a part of the regular curriculum. 
According to the catalogue of 1827, as we have been informed 
through the kindness of Professor Clive Day, the Political 
Economy of Say was used as the basis of instruction, and it was 
not until 1837 that the work of Wayland was substituted. As 
to who gave the instruction during this period, is uncertain. It 
is to be presumed that a little later, at least, the subject was 
taught by Professor Woolsey. In Dr. Day’s opinion, Daniel C. 
Gilman, who had been serving as librarian and who was made 
Professor of Physical and Political Geography in 1863, may have 
crossed the border line between these subjects and Political 
Economy. So far as it now appears, however, the first regular 
appointment to a Professorship of Political and Social Science 
was that of Reverend William G. Sumner in 1872. In 1874 
Francis A. Walker appears for the first time as Professor of 
Political Economy and History; and on his departure economics 
was transferred to Sumner, who taught the subject to the seniors 
four times a week in 1876, although the term political economy 
was not included in the title of his chair. 
At Rutgers, as President Demarest was good enough to inform 
us after an inspection of the records, political economy appears 
for the first time in 1825 as a subject of study, although the topic 
is not included in the title of the chair until a few years later. Dr. 
J. J. Janeway, a graduate of Columbia, became vice-president of 
Rutgers and Professor of Belles Lettres, Evidences of Chris- 
Clee tent Digaes Deciyions of Duestions glossed by the Senior 
Theodore Dwight, June, New Sore a Eaagnhie Haws, KY
	        
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