Profile Major Works Resources

Stuart Wood, 1853-1914.

A student of Charles Dunbar's at Harvard, Stuart Wood became the first person to receive a Ph.D. in the United States for an economics thesis (albeit granted by the Dept. of Political Science).  In two essays (1888, 1889), Stuart Wood is credited (by Stigler among others) for having independently discovered the marginal productivity theory of distribution and introduced the concept of marginal rates of substitution between factors of production. 

 

  


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Major Works of Stuart Wood

  • "A Review of the Principles of Social Science by Henry C. Carey", Ph.D thesis, 1875.
  • "A New View of the Theory of Wages, I", 1888 QJE (Oct) p.60-86 [js]
  • "A New View of the Theory of Wages II", 1889, QJE (Jul), p.462-80 [js]
  • "The Theory of Wages", 1889, Publications of AEA  (Mar) p.5-35 [js]
  • "A Critique of Wages Theories", 1890, AAPSS 

 


HET

 

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Resources on Stuart Wood

  • "Review of Stuart Wood and J.B. Clark, Contributions to the Wages Question", by Werner Sombart, 1890, SchmJGVV, p.711

 

 
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