Early Years
Carey was the son of Mathew Carey (1760-1839), an influential economist, political reformer, editor, and publisher, who was born in Ireland but for many years lived in Philadelphia. Matthew Carey was a member of the publishing firm of Carey & Lea, which was long the most conspicuous in America. When Henry Carey was 28 years old, he succeeded his father as a member of the publishing firm. Among Mathew Carey's many writings had been a collection (1822) of Essays on Political Economy, one of the earliest of American treatises favoring Alexander Hamilton's idea of protection and promotion of industry.
In 1835, Carey co-founded the famous Franklin Fire Insurance Company of Philadelphia. He retired from business in 1838, almost simultaneously with the appearance (1837-1840) of his book Principles of Political Economy. This treatise soon became the standard representation of the American school of economic thought, and was translated into Italian and Swedish, with some variance. It dominated the US economic system until 1973.
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Famous quotes related to early years:
“Even today . . . experts, usually male, tell women how to be mothers and warn them that they should not have children if they have any intention of leaving their side in their early years. . . . Children don’t need parents’ full-time attendance or attention at any stage of their development. Many people will help take care of their needs, depending on who their parents are and how they chose to fulfill their roles.”
—Stella Chess (20th century)