Births on August 5

Wesley Clair Mitchell

Born on August 5, 1874

Wesley Clair Mitchell, American economist and academic (d. 1948)

Wesley Clair Mitchell (August 5, 1874 – October 29, 1948) was an American economist known for his empirical work on business cycles and for guiding the National Bureau of Economic Research in its first decades.

Mitchell was referred to as Thorstein Veblen's "star student."Paul Samuelson named Mitchell (along with Harry Gunnison Brown, Allyn Abbott Young, Henry Ludwell Moore, Frank Knight, Jacob Viner, and Henry Schultz) as one of the several "American saints in economics" born after 1860.

References

Wesley Clair Mitchell

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Events on 1874

28 Feb

Tichborne case
One of the longest cases ever heard in an English court ends when the defendant is convicted of perjury for attempting to assume the identity of the heir to the Tichborne baronetcy.
15 Mar

Second Treaty of Saigon
France and Viet Nam sign the Second Treaty of Saigon, further recognizing the full sovereignty of France over Cochinchina.
27 May

Gert Alberts
The first group of Dorsland trekkers under the leadership of Gert Alberts leaves Pretoria.
7 Nov

Thomas Nast
A cartoon by Thomas Nast in Harper's Weekly, is considered the first important use of an elephant as a symbol for the United States Republican Party.
25 Nov

Panic of 1873
The United States Greenback Party is established as a political party consisting primarily of farmers affected by the Panic of 1873.

Births on August 5

Wesley Clair Mitchell

Born on August 5, 1874

References

Choose Another Date

Events on 1874

Tichborne case

Second Treaty of Saigon

Gert Alberts

Thomas Nast

Panic of 1873