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Wesley Clair Mitchell information


Wesley Clair Mitchell
Born(1874-08-05)August 5, 1874
Rushville, Illinois, U.S.
DiedOctober 29, 1948(1948-10-29) (aged 74)
New York City, U.S.
Academic career
InstitutionNBER (1920–1945)
Columbia University (1913–1944)
UC Berkeley (1903–1912)
University of Chicago (1899–1903)
FieldPolitical economics
Macroeconomics
School or
tradition
Institutional economics
Alma materUniversity of Chicago
Doctoral
advisor
J. Laurence Laughlin
Doctoral
students
Simon Kuznets
Arthur F. Burns
Raymond J. Saulnier
InfluencesThorstein Veblen
John Dewey
ContributionsEmpirical research on Business cycles

Wesley Clair Mitchell (August 5, 1874 – October 29, 1948) was an American economist known for his empirical work on business cycles and for guiding the National Bureau of Economic Research in its first decades.

Mitchell was referred to as Thorstein Veblen's "star student."[1]

Paul Samuelson named Mitchell (along with Harry Gunnison Brown, Allyn Abbott Young, Henry Ludwell Moore, Frank Knight, Jacob Viner, and Henry Schultz) as one of the several "American saints in economics" born after 1860.[2]

  1. ^ Alexander C. Cartwright. 2016. “Book Review: Illiberal Reformers: Race, Eugenics, &American Economics in the Progressive Era.” Libertarian Papers. 8 (2): 336-342
  2. ^ Ryan, Christopher Keith (1985). "Harry Gunnison Brown: economist". Iowa State University. Retrieved 7 January 2019.

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Wesley Clair Mitchell

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Wesley Clair Mitchell (August 5, 1874 – October 29, 1948) was an American economist known for his empirical work on business cycles and for guiding the...

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Modern monetary theory

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Knapp (also known as chartalism) and the credit theory of money of Alfred Mitchell-Innes, the functional finance proposals of Abba Lerner, Hyman Minsky's...

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National Bureau of Economic Research

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Foundation, and various corporations. Columbia University professor Wesley Clair Mitchell was the first director of research, guiding the organization's research...

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Frank Knight

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Harry Gunnison Brown, Allyn Abbott Young, Henry Ludwell Moore, Wesley Clair Mitchell, Jacob Viner, and Henry Schultz) as one of the several "American...

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Simon Kuznets

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Kuznets then studied at Columbia University under the guidance of Wesley Clair Mitchell. He graduated with a B.S. in 1923, M.A. in 1924, and Ph.D. in 1926...

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Chartalism

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Jean-Baptiste Say, John Stuart Mill, Karl Marx and William Stanley Jevons. Alfred Mitchell-Innes, writing in 1914, argued that money existed not as a medium of exchange...

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Henry Ludwell Moore

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named Moore (along with Harry Gunnison Brown, Allyn Abbott Young, Wesley Clair Mitchell, Frank Knight, Jacob Viner, and Henry Schultz) as one of the several...

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Joseph Schumpeter

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worldly success". He taught economic theory and met Irving Fisher and Wesley Clair Mitchell. Columbia awarded him an honorary doctorate. In 1918, Schumpeter...

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Lucy Sprague Mitchell

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marriage, Two Lives: The Story of Wesley Clair Mitchell and Myself (1953). Lucy Sprague married economist Wesley Clair Mitchell in 1912. They raised four children...

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Money

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Money, Banking, and Financial Markets (Alternate ed.). Boston: Addison Wesley. p. 8. ISBN 978-0-321-42177-7. What Is Money? Archived 2022-12-05 at the...

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Monetarism

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Macroeconomics

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New Keynesian economics

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Henry Schultz

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Austrian school of economics

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Stagflation

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(1995). "Chap. 11". Macroeconomics (2nd ed.). Boston, Massachusetts: Addison-Wesley. ISBN 0-201-54392-3. Bronfenbrenner, Martin (1976). "Elements of Stagflation...

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New classical macroeconomics

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Greenback Party

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New York: Peter Cooper/Trow's Printing and Bookbinding, 1876. Wesley Clair Mitchell, A History of the Greenbacks: With Special Reference to the Economic...

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Shrinkflation

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Recession

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Disequilibrium macroeconomics

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Monetary circuit theory

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Neoclassical synthesis

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Interest rate

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Fiscal policy

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