Subtitle of this chapter: Participants in the doctoral dissertation defense

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"Jingle Bell ......"

Friday morning, April 29, 1921.

Winterwood City, Winterwood College...... No, New York City, New York University, Office of Vice Chancellor James Bryant Conant.

The vice principal of NYU picked up the phone on his desk and said, "I'm James, where are you......"

His expression was solemn, and he said respectfully: "Mr. Clark, it's an honor to receive your call......

For this educator to be so respectful, then the "Mr. Clark" on the other end of the phone is naturally John Bates Clark.

Remember, this tenured professor at Columbia University is the Taishan Beidou of American economics?

He was actually born in England and later moved to the United States with his parents to attend Amherst College in Massachusetts.

The name may be a little unfamiliar to the average Serisian, but it's one of the best liberal arts colleges in the United States, or one of the liberal arts colleges.

In the ranking of liberal arts colleges in the United States, it is second only to the best Williams College in the United States.

Like the NYU College of Arts and Sciences where Ms. Tang Baokun studied, this college is also a proper aristocratic school.

In the 21st century, the tuition fee for an undergraduate at Amherst College is between 400,000 and 500,000 yuan...... If you don't get a full scholarship, you will definitely not be able to afford it.

After completing his undergraduate studies in the United States, Clark went to Germany to study economics. He studied under Karl Knes, a representative of the historical school.

This gentleman also has its own place in the history of Western economics. Even in the 21st century, Seris is one of the test centers in the adult self-examination. That alone shows how important Master Knis is.

Therefore, there must be a good teacher in the mixed academic circle.

That's why the introduction of economics masters really, really, really has to explain their teachers.

Intus listened that between 1872 and 1875, when Clark was studying with Könis, Eugen von Pombavik and Friedrich von Wiesel, among the three great Austrian schools, also came to Heidelberg and became students of Könis. (Author's note: A brief introduction to the triumvirate of the Austrian School can be found in Chapters 9 and 10 of Volume II.)

Thus, as far as the school of economics is concerned, although Karl Könis belongs to the German school of history, his theories also had a profound influence on the marginalist schools in Austria and the United States.

When Clark returned to the United States, he became interested in the doctrines of socialism and communism. It is therefore amazing that he was a professional researcher of the first generation of communist theory in the United States.

However, he still could not accept Uncle Ma's labor theory of value, and later independently put forward the theory of marginal utility, so he became the pioneer of the marginalist school in North America.

This old guy can really be called the first person in the American economic community in the early 20th century, otherwise how could the most important American Economic Association Prize other than the Nobel Prize in Economics be named after him?

Why, then, did marginalism flourish in the capitalist world of the early twentieth century?

Because the scholars of this school of thought saw society as the sum of individuals, which definitely echoed the individualism that was most popular at that time.

This is where the importance of philosophy lies, and the popularity of a certain school of thought in the humanities caters to the general trend of thought in the society of the time.

Speaking of our Master Yuan, if he really founded the "Yuan (Kai) Yan (En) Qi (Si) School" in 1921, he would not be able to please anything.

Keynes himself did not propose macroeconomic theories until the Great Depression a dozen years later, when it was discovered that individuals could not cope with economic crises, so he became angry.

But a few decades later, with the victory of the Cold War in the free world, individualism and marginalism were back in the woods.

Yuan Yanqian couldn't wait for more than ten years, so he mistakenly became a member of the marginalist school, which also won the other eyes of the first person in the American economic circle.

And Master Yuan will also take over the banner of Master Clark and continue to carry forward the marginalism.

"Mr. Clark, you have also read Mr. Yuan's "Socialism" ......"

"So you're going to attend Mr. Yuan's doctoral dissertation defense?! Of course! How could we disagree. ”

Vice-Chancellor Bonant, who was pleasantly surprised, was inspired and immediately invited: "Do you want to be the chairman of this defense meeting?" ……”

"Okay, okay, this is our honor for NYU and Mr. Yuan. I think he'll agree! I thank him for your attention. See you then. ”

With a "clang", Mr. Vice-Chancellor put down the receiver and happily said to Professors Owen Adams and Julian Chandler in the office: "Gentlemen, you have heard me too. Mr. Clark will personally serve as the chairman of this doctoral dissertation defense meeting! ”

The faces of these two NYU economics professors showed a tangled expression of joy and regret, they were happy to be able to teach a student like Master Yuan, who has attracted the attention of the American economics community, but unfortunately the two of them could not be the chairman of the defense committee.

In fact, the three of them are also discussing the doctoral dissertation defense here. It's the end of April now, and the academic year will be over in a month, so the dissertation defense will naturally be held in May.

However, with the academic status of Professors Adams and Chandler, there is absolutely no way to compete with Mr. Clark. The two of them had to say in unison, "That's great......

Just then, the phone rang again on the desk.

"Jingle Bell ......"

"I'm Conant, you're ......"

"Mr. Owen Fisher, are you also interested in attending Mr. Yuan's dissertation defense?"

"Oh, why do I say yes...... It was because Mr. Clark had agreed to be the chairman of the meeting. ”

"Okay, that's good, we'll let you know when the time comes."

After receiving a call from the Yale professor, Vice Chancellor Conant was very open-minded. In fact, Owen Fisher will also be very open in the future, because he made this call.

After all, our Master Yuan is a good person, a good person who thinks of others.

Now that people are here to help him bless the gold content of his doctoral dissertation, then he will pull the founder of mathematical economics in the future, and will not let Mr. Fisher go bankrupt completely.

Well, Yuan actually took into account the economists and his reputation as a member of the Los Angeles School.

Just imagine, if a well-known economic master fails to speculate in stocks and can't even pay the rent, this will cause unnecessary misunderstandings among the general public.

During the Great Depression, Owen Fisher lost nearly $10 million...... That's right, the $10 million in 1930 was lost even to the savings of his wife, sister and other relatives.

In the end, Yale University had to buy his house and rent it to him to avoid being kicked out by creditors.

"Bang dang", the vice president put down the receiver again, and was about to turn around to tell the two professors the second good news, when the phone on the desk rang for the third time......

"Jingle Bell ......"