[James Laurence]. American economist, born in Deerfield, OH, on the 2nd of April 1850. He was graduated at Harvard in 1873; chosen instructor of political economy at Harvard in 1878, assistant professor in 1883. He was president of the Philadelphia Manufacturers’ Mutual Fire Insurance Company from 1888 to 1890; professor at Cornell from 1890 to 1892; and after the latter year, at the head of the department of political economy in the Chicago University. He published The Study of Political Economy (1885); The History of Bimetallism in the United States (1886; 2d ed., 1895); The Elements of Political Economy (1887); and edited Mill’s Political Economy, with notes (1884). In 1895 he entered into debate with the free-silver advocate, W. H. Harvey, and published Facts about Money in the same year.
