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Davis Rich Dewey, 1858- 1942.
American "new generation" economist and statistician at M.I.T..
Originating from Burlington, Vermont, Davis Rich Dewey was the older brother of John Dewey, the famous American philosopher. After obtaining his BA from the University of Vermont, enrolled for graduate school at the Johns Hopkins University in Baltimore in 1883 to study economics and history. Davis R. Dewey was one of the first American graduates trained by Richard T. Ely and Henry Baxter Adams, the "new generation" historicists at Hopkins. .Dewey worked as a journalist while undertaking his studies. He obtained his Ph.D. in 1886.
Shortly after becoming president of Massachusetts Institute of Technology (MIT), general Francis A. Walker hired the freshly-minted D.R. Dewey in 1886 to teach the famous "Course IX" ("Course of General Studies") at M.I.T. Dewey ascended quickly, becoming formally full professor of economics and statistics in 1893. Nonetheless, for several lengthy spells, Dewey was in fact the solitary teacher of economics, statistics and political science at MIT. In 1907, Dewey was in charge of a department of "economics and statistics" at MIT, and would remain at the head of the department until 1933. In 1913, Dewey launched the "Course of Engineering Administration" (Course XV), the kernel that would eventually evolve into MIT's Sloan School of Management in 1950.
Always the empiricist first and foremost, Davis Dewey was long-time secretary of the American Statistical Association (ASA), serving from 1886 to 1906. Dewey was also the first managing editor of the AEA's American Economic Review in 1911, a position he held for thirty years. (the Dewey medal, given to retiring AER editors, is named after him). The current MIT Dewey Library, for economics and business, is named after him.
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