| Profile | Major Works | Resources |
Henry Crosby Emery, 1872-1924
Son of prominent Maine judge, Henry Crosby Emery received his bachelor's degree at Bowdoin College in 1892 and a Ph.D. from Columbia in 1896.
Henry C. Emery's 1896 well-researched institutional thesis on financial markets became the standard treatise on the subject. Emery was the first to regard speculators as a specialized class of "risk-bearers" and defend speculative activity in secondary markets as a conduit for channeling "information" into prices and thus encouraging the efficient "directing" of resources. His work was highly influential on Irving Fisher and J.M. Keynes.
On the strength of this impressive early performance, after a period of study in Berlin, H.C. Emery was hired by Yale University in 1900 to teach international trade (the first non-Yalie to join the faculty). Emery left Yale to take up a position on the US Tariff Board from 1909 to 1913. Emery resigned from Yale permanently in 1915 to take up a position with Guaranty Trust. In 1917, Emery and his wife were on a mission to Russia when the Bolshevik Revolution broke out. He was arrested on his flight and held prisoner by the Germans until the end of the war. Upon his release, Emery helped negotiate Guaranty Trust's relations with the fledgling Soviet government. In 1920, Emery went on a mission to China. He died on the voyage back home to America.
|
Major Works of Henry C. Emery
|
Top|
HET
|
|
Resources on H.C. Emery
|
All rights reserved, Gonçalo L. Fonseca