The author of the influential The Wages Question was often ahead of the economic thinking of his contemporaries. In this 1883 series of Harvard lectures he argues that constriction of the money supply, not land speculation, is the main cause of economic depressions. The author also takes on fellow economist Henry George over such questions as labor, technology, and currency.
About the Author
Francis Amasa Walker (1840-1897) fought in the Civil War as a Massachusetts volunteer. He was promoted to brigadier general after his release from a Confederate prison. An economist, statistician, journalist, and educator, he held the posts of superintendent of the U.S. Census and president of the Massachusetts Institute of Technology.