David McCord Wright
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David McCord Wright (1909–1968) was an American economist and educator at the University of Georgia. He was a graduate of Harvard University.


Personal

Wright was born in Savannah, Georgia. He married Caroline Noble Jones and had three children: Anna, Antony and Peter.


Professional


Teaching

Wright was an economics professor at the University of Virginia; he also served as an advisor to the U.S. Federal government. Wright took a professorship at the University of Georgia's Terry College of Business from 1962 until his death in 1968. The Economics Department sponsors the annual David McCord Wright Lecture. Some of Wright's students are former U.S. Senator
Phil Gramm William Philip Gramm (born July 8, 1942) is an American economist and politician who represented Texas in both chambers of Congress. Though he began his political career as a Democrat, Gramm switched to the Republican Party in 1983. Gramm was ...
,
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's Budget Director Jim Miller and the former Dallas Federal Reserve chief Bob McTeer. McTeer recalls his teacher repeating the lesson, "Growth comes through change and causes change.""The Fed's Lone Star Loner,"
by Jack Pendarvis and Charles McNair, Terry Magazine, University of Georgia. September 2002: Vol. 81, No. 4. McTeer's 2000 Wright Lecture memorialize


Books

Wright published many articles and books during his life. Some of them are ''The Keynesian System,'' (), which was part four of '' The Miller Lectures,'' ''The Trouble with Marx'' in 1967 and ''Democracy and Progress'' in 1948. In ''The Trouble With Marx'', Dr. Wright foretold the decline and fall of the Soviet system. His critical analysis explained how the inherent rigidity of central planning and command economies of Marxist–Leninist regimes inhibit economic growth by suppressing the essential quality needed for growth: change which fosters further growth. ''The Trouble with Marx'' was also used his Comparative Economic Systems course which he taught in summer sessions at the Naval War College at Newport, Rhode Island.


References

1909 births 1968 deaths Harvard University alumni University of Georgia faculty American economics writers People from Savannah, Georgia 20th-century American economists 20th-century American non-fiction writers 20th-century American male writers American male non-fiction writers {{UGeorgia-stub