John H. Gray (economist)

Last updated

John Henry Gray (March 11, 1859 – April 4, 1946) was an American economist. He was a professor of economics at Northwestern University, Carleton College, and the University of Minnesota. In 1914, he served as president of the American Economic Association. [1]

A native of Charleston, Illinois, Gray earned his bachelor's degree from Harvard University in 1887. He then pursued graduate education under Johannes Conrad at the University of Halle-Wittenberg in Germany, graduating with a PhD in 1892. [2] He was coauthor of The Valuation and Regulation of Public Utilities. [3]

Related Research Articles

James Tobin American economist (1918-2002)

James Tobin was an American economist who served on the Council of Economic Advisers and consulted with the Board of Governors of the Federal Reserve System, and taught at Harvard and Yale Universities. He developed the ideas of Keynesian economics, and advocated government intervention to stabilize output and avoid recessions. His academic work included pioneering contributions to the study of investment, monetary and fiscal policy and financial markets. He also proposed an econometric model for censored dependent variables, the well-known Tobit model.

John Hicks

Sir John Hicks was a British economist. He is considered one of the most important and influential economists of the twentieth century. The most familiar of his many contributions in the field of economics were his statement of consumer demand theory in microeconomics, and the IS–LM model (1937), which summarised a Keynesian view of macroeconomics. His book Value and Capital (1939) significantly extended general-equilibrium and value theory. The compensated demand function is named the Hicksian demand function in memory of him.

Cost–benefit analysis (CBA), sometimes also called benefit–cost analysis, is a systematic approach to estimating the strengths and weaknesses of alternatives used to determine options which provide the best approach to achieving benefits while preserving savings. A CBA may be used to compare completed or potential courses of actions, or to estimate the value against the cost of a decision, project, or policy. It is commonly used in commercial transactions, business or policy decisions, and project investments. For example, the U.S. Securities and Exchange Commission has to conduct cost-benefit analysis before instituting regulations or de-regulations.

Jacob Viner

Jacob Viner (1892–1970) was a Canadian economist and is considered with Frank Knight and Henry Simons to be one of the "inspiring" mentors of the early Chicago school of economics in the 1930s: he was one of the leading figures of the Chicago faculty. Paul Samuelson named Viner as one of the several "American saints in economics" born after 1860.

Gérard Debreu

Gérard Debreu was a French-born economist and mathematician. Best known as a professor of economics at the University of California, Berkeley, where he began work in 1962, he won the 1983 Nobel Memorial Prize in Economic Sciences.

George Stigler American economist (1911-1991)

George Joseph Stigler was an American economist, the 1982 laureate in Nobel Memorial Prize in Economic Sciences and a key leader of the Chicago School of Economics.

Sadie Tanner Mossell Alexander

Sadie Tanner Mossell Alexander, was the first African-American to receive a Ph.D. in economics in the United States (1921), and the first woman to receive a law degree from the University of Pennsylvania Law School. She was the first African-American woman to practice law in Pennsylvania, following in her father's footsteps. She was the first national president of Delta Sigma Theta Sorority, serving from 1919 to 1923.

Herbert S. Hadley

Herbert Spencer Hadley was an American lawyer and a Republican Party politician from St. Louis, Missouri. Born in Olathe, Kansas, he was Missouri Attorney General from 1905 to 1909 and in 1908 was elected the 32nd Governor of Missouri, serving one term from 1909 to 1913. As Attorney General, he successfully prosecuted Standard Oil Company for violating Missouri antitrust law. Entering the 1912 Republican convention, the Roosevelt and Taft forces seemed evenly matched, and a compromise candidate seemed possible. President Taft was willing to compromise with Hadley as presidential nominee; TR said no.

John Virgil Lintner, Jr. was a professor at the Harvard Business School in the 1960s and one of the co-creators of the capital asset pricing model.

Irwin M. Stelzer is an American economist who is the U.S. economic and business columnist for The Sunday Times in the United Kingdom and was for The Courier-Mail in Australia. In the United States, he was a contributing editor at The Weekly Standard, and is a contributing editor for the American Interest. He is Director of Economic Policy Studies at the Hudson Institute. Stelzer is a consultant on market strategy, pricing and antitrust issues, and regulatory matters for U.S. and United Kingdom industries. He is also an occasional contributor to The Guardian, the Daily Telegraph, Standpoint and the New Statesman. He resides in the United States. Some British politicians and newspapers have vilified Stelzer as Rupert Murdoch's right-hand man, an assertion that Stelzer denies.

John A. List

John August List is an American economist at the University of Chicago, where he serves as Kenneth C. Griffin Distinguished Service Professor; from 2012 until 2018, he served as Chairman of the Department of Economics. List is noted for his pioneering contributions to field experiments in economics. As detailed in his popular science book, The Why Axis, List uses field experiments to offer new insights in various areas of economics research, such as education, private provision of public goods, social preferences, prospect theory, environmental economics, marketplace effects on corporate and government policy decisions, and multi-unit auctions.

Harold Demsetz

Harold Demsetz was an American professor of economics at the University of California at Los Angeles (UCLA).

Feinberg School of Medicine

The Northwestern University Feinberg School of Medicine, located in the Streeterville neighborhood of Chicago, in the United States state of Illinois and situated near Lake Michigan and the Magnificent Mile, is one of Northwestern University's 12 schools and colleges. The medical school offers a full-time Doctor of Medicine degree program, multiple joint degree programs, graduate medical education, and continuing medical education.

Joseph Henry Lumpkin American judge

Joseph Henry Lumpkin was the first chief justice of the Supreme Court of the U.S. state of Georgia.

The Lincoln Institute of Land Policy is a think tank based in Cambridge, Massachusetts. The Lincoln Institute of Land Policy seeks to improve quality of life through the effective use, taxation, and stewardship of land. A nonprofit private operating foundation whose origins date to 1946, the Lincoln Institute researches and recommends creative approaches to land as a solution to economic, social, and environmental challenges. Through education, training, publications, and events, the institute integrates theory and practice to inform public policy decisions worldwide.

Edward Webster Bemis was an American economist and a public utility expert. He was a proponent of municipal ownership.

Robert Eisner was an American author and William R. Kenan professor of economics at Northwestern University. He was recognized throughout the United States for his expertise and knowledge of macroeconomics and the economics of business cycles. He was a regular contributor to the Wall Street Journal, The New York Times, Chicago Tribune, and The Los Angeles Times, primarily covering national economic policy and reform.

Henry Crew

Henry Crew was an American physicist and astronomer.

John Charles Lounsbury Fish was a Professor of Civil Engineering, Emeritus, at the School of Engineering, Stanford University. He is known for his works Mathematics of the Paper Location of a Railroad (1905), Earthwork Haul and Overhaul: Including Economic Distribution (1913), Technique of Surveying Instruments and Methods (1917), Engineering Economics: First Principles... (1923), The Engineering Method (1950), Linear Drawing and Lettering for Beginners, Lettering of Working Drawings, and Descriptive Geometry, and also as a coauthor of Technic of Surveying Instruments and Methods, The Transition Curve..., and The Engineering Profession.

Isaiah Leo Sharfman was an American economist. He was a professor at the University of Michigan from 1914 to 1955 and served as the president of the American Economic Association in 1945.


  1. "Obituary: John Henry Gray 1859–1946". American Economic Review . 36 (4): 664–666. 1948. JSTOR   1801735.
  2. The Syllabus of Northwestern University. 1907. p. 19.
  3. John Henry Gray; Jack Levin (1933). The Valuation and Regulation of Public Utilities . Harper & Brothers.