The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

Hadley, Arthur Twining (1856–1930)

  • Robert B. EkelundJr.
Reference work entry


American economist, educator and public servant, Hadley was educated at Yale and at the University of Berlin, where he studied under German historicists. In a remarkable career, Hadley was, in turn, a freelance writer and lecturer on railway economics, a professor of political economy at Yale (1891–9), president of the American Economic Association, president of Yale University (1899–1921), chairman of the Railroad Securities Commission providing the Hadley Report on Railway finances in 1911, and was widely sought after as a political candidate for high political office in the United States. An inveterate traveller, Hadley died aboard ship in Kobe harbour in 1930.


American Economic Association Cartels Economic evolution Exhaustible resources Hadley, A. T. Monopoly Period analysis Price discrimination Profit maximization Property rights State capture Transport markets 

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  4. Locklin, D.P. 1933. The literature on railway rate theory. Quarterly Journal of Economics 47: 167–230.CrossRefGoogle Scholar

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© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • Robert B. EkelundJr.
    • 1
  1. 1.