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
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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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All rights reserved, Gonçalo L. Fonseca