Wharton School of The University of Pennsylvania
Wharton wrote extensively on economic matters, including protective tariffs and business cycles. In the last half of the 19th century, business education typically consisted mainly of training on the job or an apprenticeship. Wharton conceived of a school that would teach how to develop and run a business, and to anticipate and deal with the cycles of economic activity. In 1881 Wharton donated $100,000 to the University of Pennsylvania to found a "School of Finance and Economy" for this purpose. He specified that the Wharton School faculty advocate economic protectionism, as he had when lobbying for American businesses in Washington. However, the school soon began broaden its outlook to a global one and to teach other disciplines such as politics and the developing social sciences, and introduced the teaching of business management and finance as these disciplines gradually coalesced. The Wharton School was the first to include such a practical focus on business, finance, and management. During its first century through the present day, it was and is widely known as one of the most prominent schools of business in the world.
Read more about this topic: Joseph Wharton
Famous quotes containing the words wharton, school, university and/or pennsylvania:
“After all, one knows one’s weak points so well, that it’s rather bewildering to have the critics overlook them & invent others.”
—Edith Wharton (1862–1937)
“True it is that she who escapeth safe and unpolluted from out the school of freedom, giveth more confidence of herself than she who cometh sound out of the school of severity and restraint.”
—Michel de Montaigne (1533–1592)
“His role was as the gentle teacher, the logical, compassionate, caring and articulate teacher, who inspired you so that you wanted to please him more than life itself.”
—Carol Lawrence, U.S. singer, star of West Side Story. Conversations About Bernstein, p. 172, ed. William Westbrook Burton, Oxford University Press (1995)
“The Republican Party does not perceive how many his failure will make to vote more correctly than they would have them. They have counted the votes of Pennsylvania & Co., but they have not correctly counted Captain Brown’s vote. He has taken the wind out of their sails,—the little wind they had,—and they may as well lie to and repair.”
—Henry David Thoreau (1817–1862)