The Shaping of a Future President's Economic Thought: Richard T. Ely and Woodrow Wilson at The Hopkins
By Gary M. Pecquet
Clifford F. Thies
This article appeared in the Fall 2010 issue of The Independent Review
Woodrow Wilson entered graduate studies at Johns Hopkins University as a classical liberal in his economic views but departed as a progressive. His fateful transformation had much to do with his apprenticeship with Richard T. Ely, who disparaged the laissez-faire policy prescriptions and deductive methodology of classical economics.