History of Deerfield, (Portage County) Ohio United States of America

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James Laurence Laughlin, political economist, was born at Deerfield, Ohio, April 2, 1850; son of Harvey and Minerva (Mills) Laughlin; grandson of James Laughlin; and of Scotch Presbyterian ancestry. He was graduated from Harvard, A.B., with highest honors, in 1873, and A.M. and Ph.D., 1876. Hls thesis "Anglo-Saxon Legal Procedure" was published in "Essays of Anglo-Saxon Law" (1876). He was a teacher in Hopkinson's Classical school, Boston, 1873-78, instructor in political economy at Harvard, 1878-83, and assistant professor of political economy, 1883-88. He was the founder of the Finance club of Harvard, helped establish the Quarterly Journal of Economics, and projected the Political Economy club, of which he was secretary and treasurer. In the winter of 1887-88 he resigned on account of ill health and went to the West Indies. He was then engaged as secretary and president of the Philadelphia Manufacturers' Mutual Fire Insurance company, 1888-90. In 1890 he accepted the chair of political economy and finance in Cornell university, which he resigned in 1892 to accept the position of head professor of political economy in the University of Chicago. In 1894-95 he prepared a scheme of monetary reform for the government of Santo Domingo which was adopted later. He was elected a member of the International Institute of Statistics, was a member of the Indianapolis Monetary commission in 1897, and a contributor to the leading American magazines. He was made editor of the Journal of Political Economy; edited Mill's "Principles of Political Economy" with notes and a sketch of the history of political economy, for university use (1884); is the author of: Study of Political Economy (1885); The History of Bimetallism in the United States (1885); The Elements of Political Economy with some Applications to the Question of the Day (1887); Facts about Money (1896); The Report of the Monetary Commission of the Indianapolis Convention of Boards of Trade, Chambers of Commerce and other Similar Bodies of the United States (1898); Ellstaetter's The Indian Silver Currency (translated); Gold and Prices since 1873.

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

History of Deerfield, (Portage County) Ohio

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