The American economist Frank W. Taussig (1859-1940) popular and influential introductory textbook on economics, which served as ‘the foremost US textbook for generations of economists and noneconomists’ (New Palgrave).
Taussig was appointed professor of economics at Harvard University in 1892, a position he would hold for almost 50 years, and served as editor of the Quarterly Journal of Economics from 1889 to 1890 and from 1896 to 1935. Taussig is credited with creating the foundations of modern international trade theory and would exert considerable influence upon the development of American economics in the first third of the twentieth-century. ‘For some people, notably Joseph A. Schumpeter, who Taussig brought to Harvard, he was the ‘American Marshall’, ranking him with the eminent English economist, Alfred Marshal’ (Johnson and Samuels, p. 14).
