William Z. Ripley
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William Zebina Ripley (October 13, 1867 – August 16, 1941) was an American
economist An economist is a professional and practitioner in the social sciences, social science discipline of economics. The individual may also study, develop, and apply theories and concepts from economics and write about economic policy. Within this ...
, lecturer at
Columbia University Columbia University (also known as Columbia, and officially as Columbia University in the City of New York) is a private research university in New York City. Established in 1754 as King's College on the grounds of Trinity Church in Manhatt ...
, professor of economics at
MIT The Massachusetts Institute of Technology (MIT) is a private land-grant research university in Cambridge, Massachusetts. Established in 1861, MIT has played a key role in the development of modern technology and science, and is one of the m ...
, professor of
political economy Political economy is the study of how economic systems (e.g. markets and national economies) and political systems (e.g. law, institutions, government) are linked. Widely studied phenomena within the discipline are systems such as labour ...
at
Harvard University Harvard University is a private Ivy League research university in Cambridge, Massachusetts. Founded in 1636 as Harvard College and named for its first benefactor, the Puritan clergyman John Harvard, it is the oldest institution of highe ...
, and racial
anthropologist An anthropologist is a person engaged in the practice of anthropology. Anthropology is the study of aspects of humans within past and present societies. Social anthropology, cultural anthropology and philosophical anthropology study the norms an ...
. Ripley was famous for his criticisms of American railroad economics and American business practices in the 1920s and 1930s, and later for his tripartite racial theory of Europe. His work of
racial A race is a categorization of humans based on shared physical or social qualities into groups generally viewed as distinct within a given society. The term came into common usage during the 1500s, when it was used to refer to groups of variou ...
anthropology was later taken up by racial physical anthropologists, eugenicists, and
white supremacists White supremacy or white supremacism is the belief that white people are superior to those of other races and thus should dominate them. The belief favors the maintenance and defense of any power and privilege held by white people. White s ...
, and was considered a valid academic work at the time, although today it is considered to be a prime example of
scientific racism Scientific racism, sometimes termed biological racism, is the pseudoscience, pseudoscientific belief that empirical evidence exists to support or justify racism (racial discrimination), racial inferiority, or racial superiority.. "Few tragedies ...
.


Early life and education

He was born in
Medford, Massachusetts Medford is a city northwest of downtown Boston on the Mystic River in Middlesex County, Massachusetts, United States. At the time of the 2020 U.S. Census, Medford's population was 59,659. It is home to Tufts University, which has its campus al ...
, in 1867 to Nathaniel L. Ripley and Estimate R. E. Ripley (née Baldwin). He attended the
Massachusetts Institute of Technology The Massachusetts Institute of Technology (MIT) is a private land-grant research university in Cambridge, Massachusetts. Established in 1861, MIT has played a key role in the development of modern technology and science, and is one of th ...
for his undergraduate education in engineering, graduating in 1890, and he received a master's and doctorate degree from
Columbia University Columbia University (also known as Columbia, and officially as Columbia University in the City of New York) is a private research university in New York City. Established in 1754 as King's College on the grounds of Trinity Church in Manhatt ...
in 1892 and 1893 respectively. In 1893, he was married to Ida S. Davis. From 1893 to 1901, Ripley lectured on sociology at Columbia University and from 1895 to 1901, he was a professor of economics at MIT. From 1901 onwards, he was a professor of political economics at
Harvard University Harvard University is a private Ivy League research university in Cambridge, Massachusetts. Founded in 1636 as Harvard College and named for its first benefactor, the Puritan clergyman John Harvard, it is the oldest institution of highe ...
.Biographical information taken from He was a corresponding member of the Anthropological Society of Paris, the Roman Anthropological Society, the Cherbourg Society of Natural Sciences, and in 1898 and 1900 to 1901, he was the vice president of the
American Economic Association The American Economic Association (AEA) is a learned society in the field of economics. It publishes several peer-reviewed journals acknowledged in business and academia. There are some 23,000 members. History and Constitution The AEA was esta ...
.


Career


''The Races of Europe''

In 1899, he authored a book entitled '' The Races of Europe: A Sociological Study'', which had grown out of a series of lectures he had given at the Lowell Institute at Columbia in 1896. Like many Americans of his time, at every level of education, Ripley believed that the concept of race was explanatory of human difference. Even further, he believed it to be the central engine to understanding human history, although his work also afforded strong weight to environmental and non-biological factors, such as traditions. He believed, as he wrote in the introduction to ''Races of Europe'', that: :''"Race, properly speaking, is responsible only for those peculiarities, mental or bodily, which are transmitted with constancy along the lines of direct physical descent from father to son. Many mental traits, aptitudes, or proclivities, on the other hand, which reappear persistently in successive populations may be derived from an entirely different source. They may have descended collaterally, along the lines of purely mental suggestion by virtue of mere social contact with preceding generations."'' Ripley's book, written to help finance his children's education, became a widely accepted work of anthropology, due to its careful writing, compilation of seemingly valid data, and close criticism of the data of many other anthropologists in
Europe Europe is a large peninsula conventionally considered a continent in its own right because of its great physical size and the weight of its history and traditions. Europe is also considered a Continent#Subcontinents, subcontinent of Eurasia ...
and the
United States The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country Continental United States, primarily located in North America. It consists of 50 U.S. state, states, a Washington, D.C., ...
. Ripley based his conclusions about race on his attempts to correlate
anthropometric Anthropometry () refers to the measurement of the human individual. An early tool of physical anthropology, it has been used for identification, for the purposes of understanding human physical variation, in paleoanthropology and in various atte ...
data with geographical data, especially using the cephalic index, which at the time was considered a reliable anthropometric measure. Based on these measurements and other socio-geographical data, Ripley classified Europeans into three distinct races: #'' Teutonic'' — members of the northern race were long-skulled (or dolichocephalic), tall in stature, and possessed pale eyes and skin. #''
Alpine Alpine may refer to any mountainous region. It may also refer to: Places Europe * Alps, a European mountain range ** Alpine states, which overlap with the European range Australia * Alpine, New South Wales, a Northern Village * Alpine National P ...
'' — members of the central race were round-skulled (or brachycephalic), stocky in stature, and possessed intermediate eye and skin color. #''
Mediterranean The Mediterranean Sea is a sea connected to the Atlantic Ocean, surrounded by the Mediterranean Basin and almost completely enclosed by land: on the north by Western and Southern Europe and Anatolia, on the south by North Africa, and on ...
'' — members of the southern race were long-skulled (or dolichocephalic), short in stature, and possessed dark eyes and skin. In his book, Ripley also proposed the idea that "Africa begins beyond the Pyrenees", as he wrote in page 272: :''"Beyond the Pyrenees begins Africa. Once that natural barrier is crossed, the Mediterranean racial type in all its purity confronts us. The human phenomena is entirely parallel with the sudden transition to the flora and fauna of the south. The Iberian population thus isolated from the rest of Europe, are allied in all important anthropological respects with the peoples inhabiting Africa north of the Sahara, from the Red Sea to the Atlantic."'' Ripley's tripartite system of race put him at odds both with others on the topic of human difference, including those who insisted that there was only one European race, and those who insisted that there were at least ten European races (such as
Joseph Deniker Joseph Deniker (russian: Иосиф Егорович Деникер, ''Yosif Yegorovich Deniker''; 6 March 1852, in Astrakhan – 18 March 1918, in Paris) was a Russian and French naturalist and anthropologist, known primarily for his attempts t ...
, who Ripley saw as his chief rival). The conflict between Ripley and Deniker was criticized by Jan Czekanowski, who states, that ''"the great discrepancies between their claims decrease the authority of anthropology"'', and what is more, he points out, that both Deniker and Ripley had one common feature, as they both omitted the existence of an '' Armenoid race'', which Czekanowski claimed to be one of the four main races of Europe, met especially among the Eastern Europeans and Southern Europeans. Writing at a time when such racialist theories were widely accepted among academics, Ripley was the first American recipient of the Huxley Medal of the
Royal Anthropological Institute The Royal Anthropological Institute of Great Britain and Ireland (RAI) is a long-established anthropological organisation, and Learned Society, with a global membership. Its remit includes all the component fields of anthropology, such as biol ...
in 1908 for his contributions to anthropology. ''The Races of Europe'', overall, became an influential book of the era in the then-accepted field of racial taxonomy. Ripley's tripartite system of racial classification was especially championed by the racist propagandist Madison Grant, who changed Ripley's "Teutonic" type into Grant's own Nordic type (taking the name, but little else, from Deniker), which he postulated as a
master race The master race (german: Herrenrasse) is a pseudoscientific concept in Nazi ideology in which the putative "Aryan race" is deemed the pinnacle of human racial hierarchy. Members were referred to as "''Herrenmenschen''" ("master humans"). T ...
. It is in this light that Ripley's work on race is usually remembered today, though little of Grant's racist ideology is present in Ripley's original work.


Economics

Ripley worked under
Theodore Roosevelt Theodore Roosevelt Jr. ( ; October 27, 1858 – January 6, 1919), often referred to as Teddy or by his initials, T. R., was an American politician, statesman, soldier, conservationist, naturalist, historian, and writer who served as the 26t ...
on the United States Industrial Commission in 1900, helping negotiate relations between railway companies and
anthracite coal Anthracite, also known as hard coal, and black coal, is a hard, compact variety of coal that has a submetallic luster. It has the highest carbon content, the fewest impurities, and the highest energy density of all types of coal and is the hig ...
companies. He served on the Eight Hour Commission in 1916, adjusting railway wages to the new eight-hour workday. From 1917 to 1918, he served as Administrator of Labor Standards for the
United States Department of War The United States Department of War, also called the War Department (and occasionally War Office in the early years), was the United States Cabinet department originally responsible for the operation and maintenance of the United States Army, ...
, and helped to settle railway strikes. Ripley was the Vice President of the American Economics Association 1898, 1900, and 1901, and was elected president of it in 1933. From 1919 to 1920, he served as the chairman of the National Adjustment Commission of the United States Shipping Board, and from 1920 to 1923, he served with the
Interstate Commerce Commission The Interstate Commerce Commission (ICC) was a regulatory agency in the United States created by the Interstate Commerce Act of 1887. The agency's original purpose was to regulate railroads (and later trucking) to ensure fair rates, to elimina ...
. In 1921, he was ICC special examiner on the construction of railroads. There, he wrote the ICC's plan for the regional consolidation of U.S. railways, which became known as the ''Ripley Plan''. In 1929, the ICC published Ripley's Plan under the title ''Complete Plan of Consolidation''. Numerous hearings were held by the ICC regarding the plan under the topic of "In the Matter of Consolidation of the Railways of the United States into a Limited Number of Systems". (In 1940, however,
Congress A congress is a formal meeting of the representatives of different countries, constituent states, organizations, trade unions, political parties, or other groups. The term originated in Late Middle English to denote an encounter (meeting of ...
declined to adopt the consolidation plan.) Starting with a series of articles in the ''
Atlantic Monthly ''The Atlantic'' is an American magazine and multi-platform publisher. It features articles in the fields of politics, foreign affairs, business and the economy, culture and the arts, technology, and science. It was founded in 1857 in Boston, ...
'' in 1925 under the headlines of "Stop, Look, Listen!", Ripley became a major critic of American corporate practices. In 1926, he issued a well-circulated critique of
Wall Street Wall Street is an eight-block-long street in the Financial District of Lower Manhattan in New York City. It runs between Broadway in the west to South Street and the East River in the east. The term "Wall Street" has become a metonym for ...
's practices of
speculation In finance, speculation is the purchase of an asset (a commodity, goods, or real estate) with the hope that it will become more valuable shortly. (It can also refer to short sales in which the speculator hopes for a decline in value.) Many ...
and
secrecy Secrecy is the practice of hiding information from certain individuals or groups who do not have the "need to know", perhaps while sharing it with other individuals. That which is kept hidden is known as the secret. Secrecy is often controvers ...
. He received a full-page profile in ''
The New York Times ''The New York Times'' (''the Times'', ''NYT'', or the Gray Lady) is a daily newspaper based in New York City with a worldwide readership reported in 2020 to comprise a declining 840,000 paid print subscribers, and a growing 6 million paid ...
'' with the headline, "When Ripley Speaks, Wall Street Heeds". According to ''
Time Time is the continued sequence of existence and event (philosophy), events that occurs in an apparently irreversible process, irreversible succession from the past, through the present, into the future. It is a component quantity of various me ...
'' magazine, Ripley became widely known as "The Professor Who Jarred Wall Street". However, after an automobile accident in January 1927, Ripley suffered a
nervous breakdown A mental disorder, also referred to as a mental illness or psychiatric disorder, is a behavioral or mental pattern that causes significant distress or impairment of personal functioning. Such features may be persistent, relapsing and remitt ...
and was forced to recuperate at a sanitarium in
Connecticut Connecticut () is the southernmost state in the New England region of the Northeastern United States. It is bordered by Rhode Island to the east, Massachusetts to the north, New York to the west, and Long Island Sound to the south. Its capita ...
. After the
Wall Street Crash of 1929 The Wall Street Crash of 1929, also known as the Great Crash, was a major American stock market crash that occurred in the autumn of 1929. It started in September and ended late in October, when share prices on the New York Stock Exchange coll ...
, he was occasionally credited with having predicted the financial disaster. In December 1929, ''The New York Times'' said: :''"Three years ago ipleyspoke some plain words about Wall Street. An automobile crash and a nervous breakdown followed. A few weeks ago Wall Street had its crash and breakdown. Now Professor Ripley is preparing to return to his Harvard classes next February."'' He was unable to return to teaching until at least 1929. However, in the early 1930s, he continued to issue criticisms of the railroad industry labor practices. In 1931, he had also testified at a Senate banking inquiry, urging the curbing of investment trusts. In 1932, he appeared at the Senate Banking and Currency Committee, and demanded public inquiry into the financial affairs of corporations and authored a series of articles in ''The New York Times'' stressing the importance of railroad economics to the country's economy. Yet, by the end of the year he had suffered another nervous breakdown, and retired in early 1933. Ripley died in 1941 at his summer home in East Edgecomb,
Maine Maine () is a state in the New England and Northeastern regions of the United States. It borders New Hampshire to the west, the Gulf of Maine to the southeast, and the Canadian provinces of New Brunswick and Quebec to the northeast and ...
. An obituary in ''The New York Times'' implied that Ripley had predicted the 1929 crash with his "fearless exposés" of Wall Street practices, in particular his pronouncement that: :''"Prosperity, not real but specious, may indeed be unduly protracted by artificial means, but in the end truth is bound to prevail."'' His book, ''Railway Problems: An Early History of Competition, Rates and Regulations'', was republished in 2000 as part of a "Business Classic" series.William Z. Ripley. ''Railway Problems: An Early History of Competition, Rates and Regulations''. Beard Books, 2000.


Bibliography

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See also

*
United States corporate law United States corporate law regulates the governance, finance and power of corporations in US law. Every state and territory has its own basic corporate code, while federal law creates minimum standards for trade in company shares and governanc ...


References


Further reading

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External links

* * {{DEFAULTSORT:Ripley, William Z. 1867 births 1941 deaths People from Medford, Massachusetts Amateur anthropologists American anthropologists Harvard University faculty Columbia University faculty MIT School of Humanities, Arts, and Social Sciences faculty Columbia University alumni MIT School of Engineering alumni American people in rail transportation People of the Interstate Commerce Commission 19th-century American writers Presidents of the American Economic Association People from Edgecomb, Maine Economists from Massachusetts Economists from Maine Proponents of scientific racism