430:", i.e. the special aspects of the marginal productivity of capital, which at that time was practically unknown in most countries outside of Scandinavia. He immediately gave a fine account in a five minutes speech before the students. What characterizes Allyn Young as an economist was that he had deep understanding of all fields of economic theory while other economists knew well one third of the theory and had only superficial knowledge of the rest.
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Much of his writing was published anonymously and posthumously in encyclopedias, but rescued from oblivion in a volume edited by Perry
Mehrling and Roger Sandilands (1999). His best-known single paper was his presidential address to the British Association in September 1928 on "Increasing returns and
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A passion for thoroughness would drive him on to explore every inch of the field in which he was for the time interested: he was always convinced that economic truth was not the monopoly of a single school or way of thinking, and that the first duty of a teacher and thinker was to see the strong
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Young returned to the
University of Wisconsin as instructor in Economics for the 1901–02 academic session and graduated there in 1902 with a doctoral dissertation on Age Statistics. He then embarked on what Blitch has called a peripatetic academic career, beginning with posts at
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points in every presentation of a point of view. Such an attitude of mind, combined with great personal modesty, made for unsystematic writing: for scattered papers and articles and not for a comprehensive treatise. In many respects he resembled
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to explain in person why he felt unable to accept their invitation to be chairman of their economics department. It was shortly after his return to London that he succumbed to the fateful influenza epidemic. He was 52 years old.
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At the time of his death T. E. Gregory, a colleague at the LSE, wrote that Young had recently "begun work on a systematic treatise on economic theory and had resumed the writing of the work upon
411:, for whose work he felt a growing admiration; and if Young's work is ever collected, it will be seen that, like Edgeworth's, it amounts in sum to a very considerable and impressive achievement.
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I am inclined to believe that he was a man, who knew and thoroughly understood his subject—economics—better than anyone else I have met. I tested him by means of a question about the "
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and
William A. Scott, history under Charles H. Haskins and Frederick Jackson Turner, and statistics under Edward D. Jones. In 1900 he was engaged for a year as an assistant in the
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insisted that this paper had been neglected because it was 50 years ahead of his time, but it has recently enjoyed a revival of interest as an acknowledged forerunner of modern "
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in 1892 at the age of sixteen, the youngest graduate on record. After a few years in the printing trade he enrolled in 1898 in the graduate school of the
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283:. He was then at the height of his intellectual powers and current president of Section F of the British Association. Uniquely, Young had also been
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Collections of Young's papers are in the Hiram
College archives and in the Harvard University Archive.
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As documented in a 1995 biography by
Charles Blitch, Young was a brilliant student, graduating from
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After the war, Young moved to
Harvard in 1920 where he stayed until 1927 when he accepted
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in 1918 to head the economics division of a group known as "The
Enquiry" under Colonel
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473:) as one of the several "American saints in economics" born after 1860.
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489:, Macmillan, 1995. A book-length treatment of Young's work. Review
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Money and Growth: Selected Papers of Allyn Abbott Young
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267:(September 19, 1876 – March 7, 1929) was an American
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275:. He died aged 52 in London, his life cut short by
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319:, where he established lifelong friendships with
285:president of the American Statistical Association
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500:Perry G Mehrling and Roger J Sandilands (eds.),
2321:Presidents of the American Economic Association
2301:Fellows of the American Statistical Association
606:Presidents of the American Economic Association
402:which he had begun at Harvard." He continued:
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565:Peter Newman (1987). "Young, Allyn Abbott,"
271:. He was born into a middle-class family in
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568:The New Palgrave: A Dictionary of Economics
2336:Washington University in St. Louis faculty
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120:Learn how and when to remove this message
359:. From 1913 to 1920 he was professor at
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2286:University of Wisconsin–Madison alumni
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487:Allyn Young: The Peripatetic Economist
347:as visitor, 1910–11, and two years at
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58:adding citations to reliable sources
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313:United States Bureau of the Census
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546:"Harry Gunnison Brown: economist"
382:'s offer of the chair vacated by
349:Washington University in St Louis
343:, 1906–10, followed by a year at
307:where he studied economics under
1478:American Statistical Association
544:Ryan, Christopher Keith (1985).
357:American Statistical Association
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571:, v. 4, pp. 937–40.
449:named Young (along with
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1796:William Gemmell Cochran
1689:Warren Randolph Burgess
1653:William Fielding Ogburn
1186:Charles P. Kindleberger
924:Emanuel A. Goldenweiser
548:. Iowa State University
534:, retrieved 2016-07-16.
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1987:Richard Loree Anderson
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530:2016-06-16 at the
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325:Wesley C. Mitchell
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59:
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49:
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43:This article
41:
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32:
31:
19:
2238:Dionne Price
2196:Jessica Utts
2166:Nancy Geller
1743:Isador Lubin
1557:
1431:Janet Currie
1407:Janet Yellen
1401:Ben Bernanke
1341:Angus Deaton
1286:2001–present
948:Frank Knight
930:Paul Douglas
876:Alvin Hansen
822:Edwin F. Gay
786:
721:John H. Gray
715:David Kinley
566:
550:. Retrieved
539:
520:
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494:
486:
477:Bibliography
463:Frank Knight
445:
433:
420:Bertil Ohlin
414:
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384:Edwin Cannan
377:
333:
298:
273:Kenton, Ohio
264:
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241:Frank Knight
158:Kenton, Ohio
116:
107:
97:
90:
83:
76:
64:
52:Please help
47:verification
44:
2271:1929 deaths
2266:1876 births
2232:Kathy Ensor
1951:Leslie Kish
1784:Lowell Reed
1635:Carl Snyder
1518:(1897–1909)
1512:(1883–1896)
1506:(1852–1882)
1500:(1846–1851)
1494:(1839–1845)
1425:Susan Athey
1347:Robert Hall
1240:Amartya Sen
1085:James Tobin
882:Jacob Viner
467:Jacob Viner
195:Institution
2260:Categories
1999:John Neter
1540:John Koren
1474:Presidents
1413:David Card
512:References
279:during an
173:1929-03-08
110:March 2024
80:newspapers
1938:1976–2000
1777:1951–1975
1616:1926–1950
1485:1839–1925
1119:1976–2000
958:1951–1975
797:1926–1950
660:1901–1925
613:1886–1900
552:7 January
415:In 1971,
409:Edgeworth
277:pneumonia
269:economist
528:Archived
365:New York
341:Stanford
291:(1925).
237:students
235:Doctoral
219:Doctoral
1476:of the
497:, 1997.
491:extract
386:at the
355:of the
353:Fellows
345:Harvard
221:advisor
171: (
94:scholar
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506:links.
469:, and
160:, U.S.
96:
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2099:2001–
101:JSTOR
87:books
554:2019
327:and
295:Life
166:Died
151:Born
73:news
443:".
315:in
56:by
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