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American Institutionalist economist and monetary expert at Illinois.
Born in Dundee, Scotland, to a working class family, David Kinley immigrated with his parents to America in 1872, settling in Andover, Massachusetts. He eventually attended Phillips Academy and Yale University on a scholarship, although it had to be interrupted for health reasons, but Kinley eventually collected his B.A. in 1884. After serving as a high school teacher in North Andover for six years, Kinley enrolled in the graduate program at the Johns Hopkins University in 1890 to study under Richard T. Ely. In 1892, Kinley followed Ely to the University of Wisconsin. He took on a large teaching role there while finishing up his graduate studies.
After acquiring his Ph.D. from Wisconsin in 1893, Kinley joined the faculty of the University of Illinois at Urbana-Champaign. Kinley took an active role in the development of economics and graduate studies more generally at Illinois. He was university president from 1920 to 1930.
A specialist in money and banking, David Kinley is perhaps best known for his opposition to the simple "Quantity Theory" and his attempts to create a more "marginalist" theory of money, along the lines of the encaisse desiree.
Major Works of David Kinley
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Resources on David Kinley
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