Allyn Abbott Young

Allyn Abbott Young
Author: Ramesh Chandra
Publisher: Springer Nature
Total Pages: 357
Release: 2019-11-27
Genre: Business & Economics
ISBN: 3030319814

Allyn Young (1876-1929) was a deep thinker and achieved fame during his lifetime. His fame owes more to his style and influence as a teacher than his published work. His greatest fame as an author rests on a single economic paper on increasing returns and economic progress but he contributed much more as a mentor to his graduate students such as Frank Knight, Edward Chamberlin, and Lauchlin Currie at Harvard and to the undergraduate Nicholas Kaldor at the London School of Economics. He shot into international fame for his role as a member of the American delegation led by President Woodrow Wilson to negotiate peace at Paris after WWI. However, recent interest in Young is more due to his thought than to his contribution to the economics profession or public service. At the time of his death, he was working on two treatises, one on Money and the other on Economics. The one on Money was at a fairly advanced stage but no trace of either was found in his family’s hasty departure from London after his untimely death. There is a general dearth of published material about Young, his thought and his life. His economic thought, apart from his views on growth theory and monetary economics, is relatively unknown. This volume offers a thematic approach to his contributions and biography.

Allyn Young

Allyn Young
Author: Charles P. Blitch
Publisher: Springer
Total Pages: 231
Release: 2016-07-27
Genre: Business & Economics
ISBN: 1349243310

`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 is now widely acknowledged to foreshadow much of the modern analysis of edogenous growth and related inquiry.' - James M. Buchanan, George Mason University Allyn Young was one of the most prominent and influential economists in the interwar period. His influence came largely through the work of his students: Frank Knight, Holbrook Working, Edward Chamberlin, Seymour Harris and others. He held professorships at Stanford, Cornell, and Harvard Universities among others. His public service included chief economic advisor to the American delegation at the Paris Peace Conference in 1919. This book provides the first full study of Allyn Young's life and work. It presents detailed expositions of his papers on demographics, value theory, depreciation, taxation, index number theory, and increasing returns. It is a straightforward analysis of the life and work of one of the most fascinating economists of this century.