Henry Walcott Farnam

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Henry Walcott Farnam (November 6, 1853 – September 5, 1933) was an American economist.



The son of railroad executive Henry Farnam, he attended Yale University graduating with a bachelor's degree in 1874, and then studied towards a M.A. in Roman law and economics in 1876. Like many American economists of the late 19th century, Farnam then went to Germany to study under the leading figures of the German historical school. Farnam earned a PhD from the University of Strasbourg in 1878. [1]


Farnam was professor of political economy at Yale University from 1880 to 1918. In 1911, he served as president of the American Economic Association.[ citation needed ]

In 1906, Farnam made of a gift of US$30,000 to be used for the erection of a new building for Lowell House. The gift was the largest of its kind on record and would allow the settlement work to be conducted on a broader and more effective basis. Farnam was one of five Yale professors who, together with several women of New Haven, Connecticut composed the Council of the organization. [2]

That same year, Farnam co-founded the American Association for Labor Legislation (AALL) with other economists. [3]

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  1. "Obituary: Henry Walcott Farnam". American Economic Review . 24 (1): 175–177. 1934. JSTOR   1808417.
  2. Yale Alumni Weekly (Public domain ed.). 1906. p. 716. Retrieved 30 April 2022.PD-icon.svg This article incorporates text from this source, which is in the public domain .
  3. Moss, David A. (1994). "Kindling a flame under federalism: Progressive reformers, corporate elites, and the phosphorus match campaign of 1909-1912". Business History Review. doi:10.2307/3117443. JSTOR   3117443. S2CID   155436193 . Retrieved 2 May 2022.