Page:The Cambridge History of American Literature, v4.djvu/31

Contemporaries 443 this with The Silver Situation (1893), Wages and Capital (1896), The Principles of Economics (191 1) , Investors and Money Makers (1915), and a series of collected essays on the tariff problem. The author of the present sketch (1861- ) is responsible for Railway Tariffs (1887), Progressive Taxation (1892), The Shifting and Incidence of Taxation (1894), Essays in Taxation (1895), The Economic Interpretation of History (1902), The Principles of Economics (1905), and The Income Tax (191 1). Among the economists who studied abroad but who have since died may be mentioned President E. B. Andrews of Brown (1844-1917) , a student of Helff erich, best known by his Institutes of Economics (1889), and J. C. Schwab (1865-1916) of Yale, a student of Gustav Cohn, whose chief contribution was A Fi- nancial and Industrial History of the South during the Civil War (1901). From the advent of this group of writers may be marked the rapid progress of economic thought in the United States. Beginning in the early eighties the chairs of political economy multiplied, and an opportunity was given to our university students for advanced study of economics at home. With the beginning of the present century the output of scientific litera- ture in economics multiplied rapidly, with the result that the United States counts today a body of economic thinkers supe- rior in numbers and not inferior in quality to those of any other country, who are devoting themselves with conspicuous success and from many different points of view to the elucidation of the complex principles that underlie modern economic life.