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Francis Wayland: Preacher-Economist
By Laurence M. VanceFrancis Wayland (1796–1865) may have preferred to be remembered as a preacher, educator, or philanthropist, but his book The Elements of Political Economy (1837) shows that he should be remembered as an economist. Wayland’s emphasis on property, capital, and entrepreneurship and his commitment to private action instead of government action make his long-forgotten book worthy of enduring respect.
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