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Wisconsin School
The Wisconsin school in economics was based at the University of Wisconsin–Madison, and played a significant role in American economics in the first half of the 20th century. The Wisconsin school was central to institutionalism in the United States, and also played a prominent role in labor economics and in the development of the policy ideas associated with the New Deal. The central figures in the Wisconsin school were Richard T. Ely and his student John R. Commons. Notable students of Commons included Edwin E. Witte, largely responsible for the drafting of the Social Security Act The Social Security Act of 1935 is a law enacted by the 74th United States Congress and signed into law by U.S. President Franklin D. Roosevelt on August 14, 1935. The law created the Social Security (United States), Social Security program as ..., Selig Perlman, Kenneth Parsons, and Harold Groves. Other notable economists associated with the Wisconsin school include Walter Heller, Rob ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economics
Economics () is a behavioral science that studies the Production (economics), production, distribution (economics), distribution, and Consumption (economics), consumption of goods and services. Economics focuses on the behaviour and interactions of Agent (economics), economic agents and how economy, economies work. Microeconomics analyses what is viewed as basic elements within economy, economies, including individual agents and market (economics), markets, their interactions, and the outcomes of interactions. Individual agents may include, for example, households, firms, buyers, and sellers. Macroeconomics analyses economies as systems where production, distribution, consumption, savings, and Expenditure, investment expenditure interact; and the factors of production affecting them, such as: Labour (human activity), labour, Capital (economics), capital, Land (economics), land, and Entrepreneurship, enterprise, inflation, economic growth, and public policies that impact gloss ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Selig Perlman
Selig Perlman (December 9, 1888 – August 14, 1959) was an economist and labor historian at the University of Wisconsin–Madison. Background Perlman was born in Białystok in Congress Poland (then part of Russia) in 1888. His father, Mordecai, was a Jewish merchant who supplied yarn and thread to home weavers and was a friend of Maxim Litvinov's father. Perlman had a stutter and was extremely shy, which didn't stop him from excelling in the " Cheder" (the local Jewish religious school), and won a scholarship to attend a state-owned high school (or " gymnasium"). While in high school, he learned Russian and a number of other European languages, and his teachers introduced him to the work of Georgi Plekhanov. Thereafter, Perlman became an ardent Marxist. He never joined a political party or radical movement, however, and his advocacy remained more theoretical than practical. Perlman graduated in 1905.Fink, "A Memoir of Selig Perlman and His Life at the University of Wisc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wisconsin Idea
The Wisconsin Idea is a public philosophy that has influenced policy and ideals in the U.S. state of Wisconsin's education system and politics. In education, emphasis is often placed on how the Idea articulates education's role for Wisconsin's government and inhabitants. In politics, the Idea is most associated with the historic political upheaval and subsequent reformation during the Progressive Era in the United States. First articulated in the educational sense in 1904 when University of Wisconsin-Madison President Charles Van Hise declared he would "never be content until the beneficent influence of the university reaches every family in the state", the Wisconsin Idea has been used to frame and foster the public universities contributions to the state of Wisconsin's government and citizens: "to the government in the forms of serving in office, offering advice about public policy, providing information and exercising technical skill, and to the citizens in the forms of doi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
University Of Wisconsin System
The University of Wisconsin System is a state public university system in the U.S. state of Wisconsin. It is one of the largest public higher-education systems in the country, enrolling more than 160,000 students each year and employing approximately 41,000 faculty and staff statewide. The system is headquartered in the state capital of Madison. The University of Wisconsin System comprises two major doctoral research universities, eleven other comprehensive universities, and eight two-year branch campuses. At its peak, the system had 14 two-year colleges, of which six have since been shut down. When comparing state and local funding per student given to two-year institutions, Wisconsin ranked 4th in the nation in 2023. This was in contrast to four-year institutions where Wisconsin ranked 42nd. History The present-day University of Wisconsin System was created on October 11, 1971, by Chapter 100, Laws of 1971, which combined the former University of Wisconsin and Wisconsin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Theodore Schultz
Theodore William Schultz ( ; 30 April 1902 – 26 February 1998) was an American agricultural economist and chairman of the University of Chicago Department of Economics. Schultz rose to national prominence after winning the 1979 Nobel Memorial Prize in Economic Sciences. Early life and education Theodore William Schultz was born on April 30, 1902, in a small town ten miles northwest of Badger, South Dakota, on a 560-acre farm. When Schultz was in the eighth grade, his father Henry decided to pull him out of attending Kingsbury County Schoolhouse. His father's view was that if his eldest son continued to get an education he would be less inclined to continue working on the farm. Schultz subsequently did not have any formal post-secondary education. He eventually enrolled in the Agriculture College at South Dakota State, in a three-year program that met for four months a year during the winter. After being recognized for possessing great potential as a student, Schultz moved ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Warren Samuels
Warren Joseph Samuels (September 14, 1933 – August 17, 2011) was an American economist and historian of economic thought. He received a BBA from University of Miami, Miami, FL and obtained his Ph.D. from University of Wisconsin–Madison. After holding academic posts in the University of Missouri, Georgia State University, Atlanta, and University of Miami, he was appointed Professor of Economics in Michigan State University in 1968, where he stayed until his retirement in 1998. Warren Samuels made contributions to the history of economic thought and the methodology of economics. His work was inspired primarily by his "interest in generating greater clarity as to the economic role of government both in the history of economic thought and in contemporary economics". He described himself as "a self-professed institutionalist (in a blend of several other schools)." Samuels (2011), p.&nbsxix Samuels received the Distinguished Faculty Award from Michigan State University. He was ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Robert Lampman
Robert James Lampman (September 25, 1920 in Plover, Wisconsin–March 4, 1997 in Madison) was an American economist known for his research on poverty and the measurement of income distribution. Academic career Lampman was a professor of economics at the University of Wisconsin–Madison from 1958 until his retirement in 1987. From 1962 to 1963, he was a member of President John F. Kennedy's Council of Economic Advisors, where he began working after being brought to Washington, D.C. by Walter Heller. He is well known for his work on the council, which played a major role in the design of the United States government's War on Poverty in the 1960s, including writing the chapter on poverty in the 1964 Economic Report of the President. This work led James Tobin to say in 1997 that Lampman was "the intellectual architect of the War on Poverty". After returning to the University of Wisconsin, he became also a major force behind the founding of the university's Institute for Research on ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Walter Heller
Walter Wolfgang Heller (27 August 1915 – 15 June 1987) was a leading American economist of the 1960s, and an influential adviser to President John F. Kennedy as chairman of the Council of Economic Advisers, 1961–1964. Life and career Heller was born in Buffalo, New York, to German immigrants, Gertrude (Warmburg) and Ernst Heller, a civil engineer. After attending Shorewood High School in Shorewood, Wisconsin, he entered Oberlin College in 1931, graduating with a B.A. degree in 1935. Heller received his master's degree and doctorate degrees in economics from the University of Wisconsin. As a Keynesian, he promoted cuts in the marginal federal income tax rates. This tax cut, which was passed by President Lyndon B. Johnson and Congress after Kennedy's death, was credited for boosting the U.S. economy. Heller developed the first "voluntary" wage-price guidelines. When the steel industry failed to follow them, it was publicly attacked by Kennedy and quickly complied. Hell ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Harold Groves
Harold Martin Groves (October 3, 1897 – December 2, 1969) was a member of the Wisconsin State Assembly and the Wisconsin State Senate. Biography Groves was born on October 3, 1897, in Lodi, Wisconsin. He attended the University of Wisconsin–Madison and Harvard Law School. From 1927 to 1968, he was a member of the faculty of the University of Wisconsin–Madison. Groves died on December 2, 1969. Political career Groves was a member of the Senate from 1932 to 1936, at which time he was succeeded by Fred Risser Fred A. Risser (born May 5, 1927) is a retired American politician and attorney who served in the Wisconsin Legislature from 1957 to 2021. A member of the Democratic Party (United States), Democratic Party from Madison, Wisconsin, Risser holds .... Previously, he was a member of the Assembly from 1930 to 1932. He was affiliated with the Wisconsin Progressive Party. One of his achievements in Wisconsin was the passage of the first unemployment compensation law in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kenneth Parsons
Kenneth Herald Parsons (1903–1998) was a professor of agricultural economics at the University of Wisconsin–Madison. He joined the faculty in 1937, received his Ph.D. in 1940, and retired in 1974 after a distinguished career of teaching and research. From 1931 to 1936, he worked in Washington DC with the Federal Farm Board, the Farm Credit Administration and the U.S. Department of Agriculture. From 1940 to 1970, Parsons worked with the United Nations Food and Agriculture Organization, the Marshall Plan, the Ford Foundation, and the U.S. Agency for International Development conducting research in Europe, Asia, Africa and Latin America, with a special focus on land tenure and land reform and their economic implementations. As a UW–Madison student in 1929, Parsons was attracted by the ideas of institutional economist John R. Commons, and edited Commons' ''The Economics of Collective Action'' published in 1950 by Macmillan after Commons died in 1945. Parsons wrote "The John ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Social Security Act
The Social Security Act of 1935 is a law enacted by the 74th United States Congress and signed into law by U.S. President Franklin D. Roosevelt on August 14, 1935. The law created the Social Security (United States), Social Security program as well as insurance against unemployment in the United States, unemployment. The law was part of Roosevelt's New Deal domestic program. By 1930, the United States was one of the few industrialized countries without any national social security system. Amid the Great Depression in the United States, Great Depression, the physician Francis Townsend galvanized support behind a proposal to issue direct payments to older people. Responding to that movement, Roosevelt organized a committee led by Secretary of Labor Frances Perkins to develop a major social welfare program proposal. Roosevelt presented the plan in early 1935 and signed the Social Security Act into law on August 14, 1935. The Supreme Court of the United States, Supreme Court upheld ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
University Of Wisconsin–Madison
The University of Wisconsin–Madison (University of Wisconsin, Wisconsin, UW, UW–Madison, or simply Madison) is a public land-grant research university in Madison, Wisconsin, United States. It was founded in 1848 when Wisconsin achieved statehood and is the flagship campus of the University of Wisconsin System. The main campus is located on the shores of Lake Mendota; the university also owns and operates a arboretum south of the main campus. UW–Madison is organized into 13 schools and colleges, which enrolled approximately 34,200 undergraduate and 14,300 graduate and professional students in 2024. Its academic programs include 136 undergraduate majors, 148 master's degree programs, and 120 doctoral programs. Wisconsin is one of the founding members of the Association of American Universities. It is considered a Public Ivy and is classified as an R1 University. UW–Madison was also the home of both the prominent "Wisconsin School" of economics and diplomatic h ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
