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Simon N. Patten | |
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Born | |
Died | July 24, 1922 | (aged 70)
Academic career | |
Institution | University of Pennsylvania |
Alma mater | University of Halle |
Doctoral advisor | Johannes Conrad |
Doctoral students | Henry Rogers Seager, Scott Nearing |
Simon Nelson Patten (May 1, 1852 – July 24, 1922) was an American economist and the chair of the Wharton School of Business at the University of Pennsylvania.[1][2] Patten was one of the first economists to posit a shift from an 'economics of scarcity' to an 'economics of abundance'; that is, he believed that soon there would be enough wealth to satisfy people's basic needs and that the economy would shift from an emphasis on production to consumption.