Philip Green Wright
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Philip Green Wright
Philip Green Wright (October 3, 1861 – September 4, 1934) was an American economist who in 1928 first proposed the use of instrumental variables estimation as the earliest known solution to the identification problem in econometrics. In a book review published in 1915 he wrote one of the first explanations of the identification problem. His primary topic of applied research was tariff policy, and he wrote several books on the topic. He also wrote poetry, was a mentor to the poet and author Carl Sandburg, and published some of Sandburg's earliest works. Wright was the father of geneticist Sewall Wright. Early life Wright was born in Boston, Massachusetts in 1861 to John Seward Wright and Mary Clark Green Wright. His grandfather was Elizur Wright, an abolitionist and pioneer of life insurance regulation. Philip Wright grew up in Medford, Massachusetts and in 1884 graduated from Tufts College with a bachelor of mechanic arts (AMB) degree. From 1884 to 1886 he taught mathematics ...
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Boston
Boston (), officially the City of Boston, is the state capital and most populous city of the Commonwealth of Massachusetts, as well as the cultural and financial center of the New England region of the United States. It is the 24th- most populous city in the country. The city boundaries encompass an area of about and a population of 675,647 as of 2020. It is the seat of Suffolk County (although the county government was disbanded on July 1, 1999). The city is the economic and cultural anchor of a substantially larger metropolitan area known as Greater Boston, a metropolitan statistical area (MSA) home to a census-estimated 4.8 million people in 2016 and ranking as the tenth-largest MSA in the country. A broader combined statistical area (CSA), generally corresponding to the commuting area and including Providence, Rhode Island, is home to approximately 8.2 million people, making it the sixth most populous in the United States. Boston is one of the oldest municip ...
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Publishing
Publishing is the activity of making information, literature, music, software and other content available to the public for sale or for free. Traditionally, the term refers to the creation and distribution of printed works, such as books, newspapers, and magazines. With the advent of digital information systems, the scope has expanded to include electronic publishing such as E-book, ebooks, academic journals, micropublishing, Electronic publishing, websites, blogs, video game publisher, video game publishing, and the like. Publishing may produce private, club, commons or public goods and may be conducted as a commercial, public, social or community activity. The commercial publishing industry ranges from large multinational conglomerates such as Bertelsmann, RELX, Pearson plc, Pearson and Thomson Reuters to thousands of small independents. It has various divisions such as trade/retail publishing of fiction and non-fiction, educational publishing K–12, (k-12) and Academic publi ...
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Galesburg, Illinois
Galesburg is a city in Knox County, Illinois, United States. The city is northwest of Peoria. At the 2010 census, its population was 32,195. It is the county seat of Knox County and the principal city of the Galesburg Micropolitan Statistical Area, which includes all of Knox and Warren counties. Galesburg is home to Knox College, a private four-year liberal arts college, and Carl Sandburg College, a two-year community college. A section of the city is listed on the National Register of Historic Places as the Galesburg Historic District. History Galesburg was founded by George Washington Gale, a Presbyterian minister from New York state who had formulated the concept of the manual labor college and first implemented it at the Oneida Institute near Utica, New York. In 1836 Gale publicized a subscription- and land purchase-based plan to found manual labor colleges in the Mississippi River valley. Land was purchased for this purpose in Knox County and in 1837 the first s ...
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Theodore Paul Wright
Theodore Paul Wright (May 25, 1895 – August 21, 1970), also known as T. P. Wright, was a U.S. aeronautical engineer and educator. Biography He was born in Galesburg, Illinois on May 25, 1895. His father was the economist Philip Green Wright and his brothers were the geneticist Sewall Wright and the political scientist Quincy Wright. He graduated from Lombard College and Massachusetts Institute of Technology. He served in World War I. In 1936, he published an important paper entitled "Factors affecting the costs of airplanes" which describes what is known as '' Wright's law'' or experience curve effects. The paper describes that "we learn by doing" and that the cost of each unit produced decreases as a function of the cumulative number of units produced. He served as administrator of the Civil Aeronautics Administration during 1944–1948. When President Truman announced Wright’s resignation as Administrator of Civil Aeronautics on January 16, 1948, the ''New York Ti ...
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Quincy Wright
Philip Quincy Wright (December 28, 1890 – October 17, 1970) was an American political scientist based at the University of Chicago known for his pioneering work and expertise in international law, international relations, and security studies. Biography Born in Medford, Massachusetts, Wright received his B.A. from Lombard College in 1912. He completed his Ph.D. at the University of Illinois in 1915. He also received an LL.D. He taught at Harvard University and the University of Minnesota before joining the department of social sciences at the University of Chicago in 1923. In 1927, he was elected a Fellow of the American Academy of Arts and Sciences. He was one of the co-founders of Chicago's Committee On International Relations in 1928, the first graduate program in international relations established in the United States. In addition to his academic work, Wright was an adviser to Justice Robert H. Jackson at the Nuremberg Trials, and often provided advice to the U.S. ...
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Women's Suffrage In The United States
In the 1700's to early 1800's New Jersey did allow Women the right to vote before the passing of the 19th Amendment, but in 1807 the state restricted the right to vote to "...tax-paying, white male citizens..." Women's legal right to vote was established in the United States over the course of more than half a century, first in various states and localities, sometimes on a limited basis, and then nationally in 1920 with the passing of the 19th Amendment. The demand for women's suffrage began to gather strength in the 1840s, emerging from the broader movement for women's rights. In 1848, the Seneca Falls Convention, the first women's rights convention, passed a resolution in favor of women's suffrage despite opposition from some of its organizers, who believed the idea was too extreme. By the time of the first National Women's Rights Convention in 1850, however, suffrage was becoming an increasingly important aspect of the movement's activities. The first national suffrage ...
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Saint Paul, Minnesota
Saint Paul (abbreviated St. Paul) is the List of capitals in the United States, capital of the U.S. state of Minnesota and the county seat of Ramsey County, Minnesota, Ramsey County. Situated on high bluffs overlooking a bend in the Mississippi River, Saint Paul is a regional business hub and the center of Minnesota's government. The Minnesota State Capitol and the state government offices all sit on a hill close to the city's downtown district. One of the oldest cities in Minnesota, Saint Paul has several historic neighborhoods and landmarks, such as the Summit Avenue (St. Paul), Summit Avenue Neighborhood, the James J. Hill House, and the Cathedral of Saint Paul (Minnesota), Cathedral of Saint Paul. Like the adjacent and larger city of Minneapolis, Saint Paul is known for its cold, snowy winters and humid summers. As of the 2021 census estimates, the city's population was 307,193, making it the List of United States cities by population, 67th-largest city in the United State ...
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Economics
Economics () is the social science that studies the Production (economics), production, distribution (economics), distribution, and Consumption (economics), consumption of goods and services. Economics focuses on the behaviour and interactions of Agent (economics), economic agents and how economy, economies work. Microeconomics analyzes what's viewed as basic elements in the economy, including individual agents and market (economics), markets, their interactions, and the outcomes of interactions. Individual agents may include, for example, households, firms, buyers, and sellers. Macroeconomics analyzes the economy as a system where production, consumption, saving, and investment interact, and factors affecting it: employment of the resources of labour, capital, and land, currency inflation, economic growth, and public policies that have impact on glossary of economics, these elements. Other broad distinctions within economics include those between positive economics, desc ...
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Akron, Ohio
Akron () is the fifth-largest city in the U.S. state of Ohio and is the county seat of Summit County, Ohio, Summit County. It is located on the western edge of the Glaciated Allegheny Plateau, about south of downtown Cleveland. As of the 2020 Census, the city proper had a total population of 190,469, making it the 125th largest city in the United States. The Akron Metropolitan Statistical Area, Akron metropolitan area, covering Summit and Portage County, Ohio, Portage counties, had an estimated population of 703,505. The city was founded in 1825 by Simon Perkins and Paul Williams, along the Cuyahoga River, Little Cuyahoga River at the summit of the developing Ohio and Erie Canal. The name is derived from the Ancient Greek word ''ἄκρον : ákron'' signifying a summit or high point. It was briefly renamed South Akron after Eliakim Crosby founded nearby North Akron in 1833, until both merged into an incorporated village in 1836. In the 1910s, Akron doubled in population, makin ...
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Buchtel College
The University of Akron is a public research university in Akron, Ohio. It is part of the University System of Ohio. As a STEM-focused institution, it focuses on industries such as polymers, advanced materials, and engineering. It is classified among "R2: Doctoral Universities – High research activity". The University of Akron offers about 200 undergraduate and more than 100 graduate majors and has an enrollment of approximately 15,000 students. The university's School of Polymer Science and Polymer Engineering is housed in a 12-story reflective glass building near downtown Akron on the western edge of the main campus. UA's Archives of the History of American Psychology is an affiliate of the Smithsonian Institution. The university has three branch campuses: Wayne College in Orrville, Ohio; the Medina County University Center, in Lafayette Township, Ohio; and UA Lakewood, in the Cleveland suburb of Lakewood, Ohio. In addition, the university hosts nursing programs in affili ...
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Medford, Massachusetts
Medford is a city northwest of downtown Boston on the Mystic River in Middlesex County, Massachusetts, United States. At the time of the 2020 U.S. Census, Medford's population was 59,659. It is home to Tufts University, which has its campus along the Medford and Somerville border. History Indigenous history Native Americans inhabited the area that would become Medford for thousands of years prior to European colonization of the Americas. At the time of European contact and exploration, Medford was the winter home of the Naumkeag people, who farmed corn and created fishing weirs at multiple sites along the Mystic River. Naumkeag sachem Nanepashemet was killed and buried at his fortification in present-day Medford during a war with the Tarrantines in 1619. The contact period introduced a number of European infectious diseases which would decimate native populations in virgin soil epidemics, including a smallpox epidemic which in 1633 which killed Nanepashemet's sons, sachems ...
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Life Insurance
Life insurance (or life assurance, especially in the Commonwealth of Nations) is a contract between an insurance policy holder and an insurer or assurer, where the insurer promises to pay a designated beneficiary a sum of money upon the death of an insured person (often the policyholder). Depending on the contract, other events such as terminal illness or critical illness can also trigger payment. The policyholder typically pays a premium, either regularly or as one lump sum. The benefits may include other expenses, such as funeral expenses. Life policies are legal contracts and the terms of each contract describe the limitations of the insured events. Often, specific exclusions written into the contract limit the liability of the insurer; common examples include claims relating to suicide, fraud, war, riot, and civil commotion. Difficulties may arise where an event is not clearly defined, for example, the insured knowingly incurred a risk by consenting to an experimental m ...
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