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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.

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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.

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