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§20. The American Economic Association. XXIV. Economists. Vol. 18. Later National Literature, Part III. The ... |
 | | The real beginning of the modern science of economics is to be found in that group of younger men, all of them, with one exception, still living, who founded at Saratoga in 1883 the American Economic Association. |
 | | This doctrine, in connection with his theory of capital and his distinction between static and dynamic economics, has shed a flood of light on the recesses of economic life and has been the starting point of much modern discussion. |
 | | Among his contributions may be mentioned French and German Socialism (1883), Taxation in American States and Cities (1888), Monopolies and Trusts (1900), Outlines of Economics (1893), Studies in the Evolution of Industrial Society (1903), and Property and Contract (1914). |
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