Word: taussig
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Dean Gay is the second University professor appointed to an economic board at Washington this year, the other being Professor F. W. Taussig '79, who is now serving as chairman of the Federal Tariff Commission in Washington. He has a wide reputation as an economist and since receiving his degree of A.B. from the University of Michigan in 1892 has been honored by that of Ph.D. from the University of Berlin in 1902. He was appointed instructor in economics in the University in 1902, assistant professor in 1906, and in 1908 was made dean of the Graduate School of Business...
...last the Tariff Commission is formed with Professor Taussig at its head. After six months' delay in appointing its members, the President has cleared the situation through his recess appointments and the board is ready for action...
Professor Taussig and his colleagues have a difficult problem ahead of them: to cope with commercial conditions which have not been paralleled in the history of the world. They will have the heavy responsibility of advising Congress not only in war times, but in the great reconstruction period afterwards, in adjusting our national tariff, dealing with the new foreign tariffs, and framing new treaties for the expansion of trade. In addition to keenness of judgment and a broad range of experience, they must possess unfailing resourcefulness in tackling situations which will have no precedent...
Professor Taussig is the right man for the task. For many years his sound thinking and big personality have commanded increasing respect not only in the ranks of theorists, but also among the practical business men and legislators of the day. It is quite natural that this great ability should be needed at Washington in the perplexing decade ahead. When his national service is completed we sincerely hope that he will return to take up his old position as a member of the Faculty and brilliant expounder of economic principles...
...Tariff Commission appointments offer illuminating evidence of the spirit that might be expected to govern President Wilson's administrative appointments if he were free to ignore or defy considerations of partisan expediency. .... The chairman, Professor Taussig is one of the most distinguished tariff authorities in the world, and is far and away the most eminent tariff authority in the United States. Seekers after exorbitant tariff favors will revile Professor Taussig as a theorist. He is a theorist who will very clearly see through the greedy devices by which greedy interests have hitherto sought to delude Congress. He is also...