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:
“We who knew him well know how great he would have been if he had never written a line.”
—Edith Wharton (1862–1937)
“And so they have left us feeling tired and old.
They never cared for school anyway.
And they have left us with the things pinned on the bulletin board.
And the night, the endless, muggy night that is invading our school.”
—John Ashbery (b. 1927)
“I was now at a university in New York, a professor of existential psychology with the not inconsiderable thesis that magic, dread, and the perception of death were the roots of motivation.”
—Norman Mailer (b. 1923)
“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)