Allyn Young The Peripatetic Economist
`This careful and long-overdue biography fills us in on the life and work of an American economist who was important during the first three decades of the century. The book is especially timely because Young's seminal article (1928) on increasing returns
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STUDIES IN THE HISTORY OF ECONOMICS General Editor: D. E. Moggridge, University ofToronto, Canada Editorial Board: N. de Marchi, Duke University and University of Amsterdam; D. Patinkin, Hebrew University of Jerusalem; B. Sandelin, University of Lund; Y. Shionoya, Hitotsubashi University; D. A. Walker, Indiana University; J. K. Whitaker, University of Virginia; D. Winch, University of Sussex Published in association with the History of Economics Society and with an international board of advisers, this series takes a broad definition of the history of economics. Titles cover the major topics in the fields of economic theory, methodology and professional evolution, and includes both monographs and edited collections of essays. Published titles include:
Charles P. Blitch ALLYN YOUNG: The Peripatetic Economist W. D. Sockwell POPULARIZING CLASSICAL ECONOMICS: Henry Brougham and William Ellis
Allyn Young The Peripatetic Economist
Charles P. Blitch
Professor of Economics Emeritus Old Dominion University Norfolk Virginia
First published in Great Britain 1995 by
MACMILLAN PRESS LTD
Houndmills, Basingstoke, Hampshire RG21 6XS and London Companies and representatives throughout the world A catalogue record for this book is available from the British Library.
ISBN 978-1-349-24333-4
ISBN 978-1-349-24331-0 (eBook) DOI 10.1007/978-1-349-24331-0 First published in the United States of America 1995 by
ST. MARTIN'S PRESS, INC., Scholarly and Reference Division, 175 Fifth A venue, New York, N.Y. 10010
ISBN 978-0-312-12881-4 Library of Congress Cataloging-in-Publication Data Blitch, Charles P. Allyn Young : the peripatetic economist I Charles P. Blitch. p. em.- (Studies in the history of economics) Includes bibliographical references and index.
ISBN 978-0-312-12881-4 (cloth)
I. Young, Allyn Abbott, 1876--1929. -Biography. I. Title. II. Series. HBI19.Y68B54 1995 330'.092-dc20
Economists-United States-
[B]
©Charles P. Blitch 1995 Softcover reprint of the hardcover 1st edition 1995 All rights reserved. No reproduction, copy or transmission of this publication may be made without written permission. No paragraph of this publication may be reproduced, copied or transmitted save with written pem1ission or in accordance with the provisions of the Copyright, Designs and Patents Act 1988, or under the terms of any licence pem1itting limited copying issued by the Copyright Licensing Agency, 90 Tottenham Court Road, London WI P 9HE. Any person who does any unauthorised act in relation to this publication may be liable to criminal prosecution and civil claims for damages. 10 05
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This book is lovingly dedicated to the memory of Professor Milton Sidney Heath (1894-1970) teacher, scholar, and friend
Contents Preface
IX
Introduction The Early Years
3
2
The Peripatetic Economist
15
3
Cornell, Washington and New York
42
4
Paris and the Aftermath
70
5
The Harvard Years
113
6
The London School of Economics
164
Notes
188
Bibliography
209
Index
