Fred Rogers Fairchild

From Wikipedia, the free encyclopedia

Fred Rogers Fairchild
Born(1877-08-05)August 5, 1877
Crete, Nebraska, United States
DiedApril 13, 1966(1966-04-13) (aged 88)
Bridgeport, Connecticut, United States
Resting placeLeete's Island Cemetery, Guilford, Connecticut
FieldTaxation in the United States
Alma materDoane University
Yale University

Fred Rogers Fairchild (August 5, 1877 – April 13, 1966) was an American economist and educator.[1]

Fairchild was born in Crete, Nebraska. His father was , a descendant of Thomas Fairchild, who settled in New England in 1639. He was a brother of Henry Pratt Fairchild, a sociologist and educator. Fairchild attended Doane College (AB, 1898) in Crete and Yale University (PhD, 1904). He also received an honorary LL.D. from Doane in 1929.[2] Fairchild taught economics at Yale for many years.[3] He was a holder of the Knox Chair of Economics.[4] He was published widely, and his work included well received textbooks.[5][6]

Fairchild was an honorary member of the National Tax Association, an educational association of taxation experts.[7] His primary field of study was federal taxation in the United States. In a 1920 journal article published in the American Economic Review,[8] Fairchild proposed a restructuring of the post-war U.S. federal taxation system in light of calls for the repeal of the excess profits tax enacted during wartime. He recommended, in order to ensure a "reasonable revenue to the government and justice to the various classes of taxpayers",[9] that corporations be exempt from income taxes and instead that shareholder dividends become subject to the income tax.

Influence[]

In an article about the proper level for the capital gains tax,[10] Bruce Bartlett, a senior fellow at NCPA, cites Fairchild:

Fred Rogers Fairchild of Yale probably spoke for most economists of the day when he said, "the weight of economic authority supports the theory that mere growth in value of capital is not income". (citing Fred Rogers Fairchild, "Federal Taxation of Income and Profits", American Economic Review, Vol. 11, No. 1, March 1921, p. 150.)

In a publication for the Foundation for Economic Education,[11] Hans F. Sennholz writes,

In the academic world, a few eminent scholars such as B. M. Anderson, H. J. Davenport, F. R. Fairchild, F. H. Knight, and W. A. Paton scorned the New Deal, which was holding sway in education and communication".

Publications[]

  • Understanding our Free Economy, with Thomas J. Shelley. D. Van Nostrand Company, Inc. 1962.
  • Economics, MacMillan Company. 1948.
  • Elementary Economics: Volume I, with Edgar Stevenson Furniss and Norman Sydney Buck. MacMillan Company. 1927
  • Elementary Economics: Volume II, with Edgar Stevenson Furniss and Norman Sydney Buck. MacMillan Company. 1927.
  • Essentials of Economics, American book Co. 1931.
  • A description of the "New Deal", John Clifford Lecture. MacMillan Company. 1934.

References[]

  1. ^ "Fairchild of Yale Asserts Program of Balancing Should Come First". The New York Times. May 3, 1936.
  2. ^ "Fairchild, Fred Rogers". The National Cyclopedia of American Biography. 54: 14. 1973.
  3. ^ "Govt. Finance Policies Hit By Fairchild". The Hartford Courant. September 11, 1940.
  4. ^ United States Congress (1948). Senate.Committee on Finance. U.S. Govt. Print. Off.
  5. ^ Pi Gamma Mu (1981). Social Sciences. University of Michigan.
  6. ^ Fair, Ray C (2003). Great Gatsby. Eastern Economic Journal.
  7. ^ "NATIONAL TAX ASSOCIATION'S HONORARY MEMBERS". National Tax Association. 2007. Archived from the original on June 28, 2007. Retrieved April 14, 2007.
  8. ^ Fairchild, Fred Rogers (December 1920). "Suggestions for Revision of the Federal Taxation of Income and Profits". American Economic Review. 10 (4): 785–799. JSTOR 1803340.
  9. ^ Fairchild 1920, p. 798.
  10. ^ Proper level for the capital gains tax
  11. ^ "Foundation for Economic Education". Archived from the original on September 26, 2007. Retrieved April 13, 2007.

External links[]

Stub icon

This biography of an American economist is a stub. You can help Wikipedia by .

  • v
  • t
Retrieved from ""