American economists which are surveyed in this study have been strangely neglected by the later generations of American students. The article by Professor C. F. Dunbar, published inT heN orth American Review m1876, is the only previous American essay purporting to treat the subject. But Dunbar sarticle consisted almost entirely of a description of American conditions as explaining what he declared to be the utter sterility of American economic literature. The brief portion in which he spoke of writers is hardly more than a catalogue of names and titles compiled from previous reviews. Certainly in some cases, as Doctor Turner shows, and possibly in most, Dunbar was unacquainted with the originals. Even if he had read the books, he, as a representative of the classical school (which he believed had arrived at ultimate truths within the limits of its hypotheses), was not qualified to render a just estimate of the theories in question, however competent he was in the field of money and banking. Forty years have passed, and is it not indeed remarkable that our generation of economic students, so thoroughly grounded otherwise in the worlds literature of economics, should know little or nothing of these, our own, writers, and most of that little through Dunbar ssuperficial and condemnatory Article or through chance and usually disparaging references in the writings of English economists? That the American economists of 1S ee his article inT he Quarterly Journal of Economic, I, 1, 1886.
(Typographical errors above are due to OCR software and don't occur in the book.)
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