History of Ripley, (Chautauqua County) New York United States of America

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Richard Theodore Ely, political economist, was born at Ripley, Chautauqua county, N.Y., April 13, 1854; son of Ezra Sterling and Harriet (Mason) Ely; grandson of Rev. Judah and Irene (Stetson) Ely; and a descendant of Richard Ely of Lyme, Rev. Thomas Hooker of Hartford, Conn.; Elder William Brewster, "the Pilgrim" of Plymouth, Mass., and the Rev. John Wilson, first minister of the First church of Boston, Mass. He attended the state normal sehcol at Fredonia, N.Y., spent one year at Dartmouth, and was graduated from Columbia in 1876. As a fellow of letters of Columbia college he continued his studies at the German universities, and at the University of Geneva, Switzerland, receiving the degree of Ph.D. from Heidelberg in 1879. He also studied at the Royal statistical bureau in Berlin, and returned to the United States in 1880. In 1881 he was appointed lecturer on political economy at Johns Hopkins university, and was subsequently advanced to the professorship, holding the chair until 1892. He was one of the founders of the American economic association, and its secretary, 1885-92; a member of the Baltimore tax commission, 1885-86; and a member of the Maryland tax commission, 1886-88. In 1892 he became professor of political economy, and director of the school of economics, political science and history, in the University of Wisconsin. Hobart college conferred upon him the degree of LL.D. in 1892. Besides contributing numerous articles on political economy to the leading American magazines, and editing Crowell's Library of Economies and Politics, he published: French and German Socialism in Modein Times (1883); Past and Present of Political Economy (1884); The Labor Movement in America (1886); Taxation in American States and Cities (1888); Problems of Today (1888); Social Aspects of Christianity (1889); An Introduction to Political Economy (1891); Outlines of Economics (1893); Socialism and Social Reform (1894); Monopolies and Trusts (1899). Several of his books were translated into Japanese, and in 1898 An Introduction to Political Economy was translated into Dutch under the auspices of Professor M. W. Treub of the University of Amsterdam, Holland.

From: Twentieth Century Biographical Dictionary of Notable Americans, Johnson, Rossiter, editor

History of Ripley, (Chautauqua County) New York

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