Davenport, Herbert Joseph

Davenport, Herbert Joseph,

1861–1931, American economist, b. Wilmington, Vt., Ph.D. Univ. of Chicago, 1898. He taught at the Univ. of Missouri and at Cornell. In Value and Distribution (1908) and The Economics of Enterprise (1913) he followed the principles of classical economics, attempting to purify them of nonscientific elements. He made contributions to the theories of cost, interest, and taxation and was a critic of Alfred MarshallMarshall, Alfred,
1842–1924, English economist. At Cambridge, where he taught from 1885 to 1908, he exerted great influence on the development of economic thought of the time; one of his students was John Maynard Keynes.
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See his Economics of Alfred Marshall (1935).

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