Thomas Nixon Carver

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Thomas Nixon Carver
Portrait of Thomas Nixon Carver.jpg
Thomas Nixon Carver, by J.E. Purdy
Born(1865-03-25)25 March 1865
Died8 March 1961(1961-03-08) (aged 95)
Nationality American
Institution Oberlin College
Harvard University
School or
Neoclassical economics
Alma mater Cornell University
Walter Francis Willcox
Albert B. Wolfe

Thomas Nixon Carver (25 March 1865 – 8 March 1961) was an American economics professor.


Early life

He grew up on a farm, the son of Quaker parents. [1] He received an undergraduate education at Iowa Wesleyan College and the University of Southern California. After studying under John Bates Clark and Richard T. Ely at Johns Hopkins University, he received a PhD degree at Cornell University under Walter Francis Willcox in 1894. [2]


He held a joint appointment in economics and sociology at Oberlin College until 1902, when he accepted a position as professor of political economy at Harvard University (1902–1935). For a time, there he taught the only course in sociology. He was the secretary-treasurer of the American Economic Association (1909–1913) and was elected its president in 1916. [3]

Carver's principal achievement in economic theory was to extend Clark's theory of marginalism to determination of interest from saving ('abstinence') and productivity of capital. [4] [5] He made pioneering contributions to agricultural and rural economics and in rural sociology. [3] [6] He wrote on such diverse topics as monetary economics, [7] macroeconomics, [8] the distribution of wealth, [9] the problem of evil, [10] uses of religion, [11] political science, [12] political economy, [13] [14] social justice, [15] behavioral economics, [16] social evolution, [17] and the economics of national survival. [18]



Sole author journal articles

Carver also co-wrote a number of journal articles, presided over conference presentations, and published in conference proceedings. [19]


  1. Thomas Nixon Carver, 1949. Recollections of an Unplanned Life. "Excerpt". Archived from the original on 27 October 2009. Retrieved 26 September 2013.{{cite web}}: CS1 maint: bot: original URL status unknown (link).
  2. Elliott, Clark A.; Rossiter, Margaret W. (1992). Science at Harvard University: Historical Perspectives. Lehigh University Press. p. 199. ISBN   9780934223126.
  3. 1 2 Coats, A. W. (1987). "Carver, Thomas Nixon (1865–1961)". The New Palgrave Dictionary of Economics. pp. 1–2. doi:10.1057/978-1-349-95121-5_567-1. ISBN   978-1-349-95121-5. OCLC   755272638.
  4. Carver, T. N. (1893). "The Place of Abstinence in the Theory of Interest". The Quarterly Journal of Economics. 8 (1): 40–61. doi:10.2307/1882876. hdl: 2027/hvd.32044004792511 . JSTOR   1882876.
  5. Carver, T. N. (1903). "The Relation of Abstinence to Interest". The Quarterly Journal of Economics. 18 (1): 142–145. doi:10.2307/1882781. JSTOR   1882781.
  6. Thomas Nixon Carver, 1911. Principles of Rural Economics. Chapter links, pp. vii–x.
  7. Carver, T. N. (1897). "The Value of the Money Unit". The Quarterly Journal of Economics. 11 (4): 429–435. doi:10.2307/1880718. JSTOR   1880718. ProQuest   127816360.
  8. Carver, T. N. (1903). "A Suggestion for a Theory of Industrial Depressions". The Quarterly Journal of Economics. 17 (3): 497–500. doi:10.2307/1882323. hdl: 2027/hvd.hnttc5 . JSTOR   1882323.
  9. Thomas Nixon Carver, 1904. The Distribution of Wealth. Chapter links.
  10. Carver, Thomas N. (1908). "The Economic Basis of the Problem of Evil". The Harvard Theological Review. 1 (1): 97–111. doi:10.1017/S0017816000006544. JSTOR   1507533. S2CID   170136407.
  11. 1912. The Religion Worth Having. Chapter links.
  12. 1914. "Political Science, I. General Introduction" in William Allan Neilson, ed., Lectures on the Harvard Classics , v. 51 of 51, pp. 328–346.
  13. • 1919. Principles of Political Economy. Chapter links, pp. viiix.
  14. Carver, Thomas Nixon (1960). "A Conservative's Ideas on Economic Reform". The Quarterly Journal of Economics. 74 (4): 536–542. doi:10.2307/1884350. JSTOR   1884350.
  15. 1915. Essays in Social Justice. Chapter links.
  16. Carver, T. N. (1918). "The Behavioristic Man". The Quarterly Journal of Economics. 33 (1): 195–201. doi:10.2307/1885016. JSTOR   1885016.
  17. Thomas Nixon Carver, 1935. The Essential Factors of Social Evolution. Chapter links, pp. ix–xi.
  18. Carver, Thomas N. (1917). "The National Point of View in Economics: Annual Address of the President". The American Economic Review. 7 (1): 3–17. JSTOR   1814767.
  19. Carver, T. N. (1908). "Agricultural Economics. Round Table Discussion: T. N. Carver, Chairman". American Economic Association Quarterly. 9 (1): 59–82. JSTOR   2999987.

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