The Cambridge History of English and American Literature in 18 Volumes (1907–21).
VOLUME XVIII. Later National Literature, Part III.
§ 21. Recent Writers
From the advent of this group of writers may be marked the rapid progress of economic thought in the United States. Beginning in the early eighties the chairs of political economy multiplied, and an opportunity was given to our university students for advanced study of economics at home. With the beginning of the present century the output of scientific literature in economics multiplied rapidly, with the result that the United States counts today a body of economic thinkers superior in numbers and not inferior in quality to those of any other country, who are devoting themselves with conspicuous success and from many different points of view to the elucidation of the complex principles that underlie modern economic life.