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Wrong Oliver Sprague?

Oliver W. Sprague

Professor

Harvard University

Email: o***@***.edu

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I agree to the Terms of Service and Privacy Policy. I understand that I will receive a subscription to ZoomInfo Community Edition at no charge in exchange for downloading and installing the ZoomInfo Contact Contributor utility which, among other features, involves sharing my business contacts as well as headers and signature blocks from emails that I receive.

Harvard University

12 Oxford St. # 373

Cambridge, Massachusetts,02138

United States

Company Description

The Harvard Art Museums, among the world's leading art institutions, comprise three museums (Fogg, Busch-Reisinger, and Arthur M. Sackler) and four research centers (Straus Center for Conservation and Technical Studies, the Center for the Technical Study of ...more

Background Information

Employment History

President

American Economic Association


Director

Morgan-dominated Pullman Company


Web References(11 Total References)


American Economic Association

www.aeaweb.org [cached]

OLIVER M. W. SPRAGUE, Harvard, 1937


Presidents of the American Economic Association (AEA), The Concise Encyclopedia of Economics | Library of Economics and Liberty

www.econlib.org [cached]

Oliver M. W. Sprague (Harvard)-1937


Browse Appendix, Concise Encyclopedia of Economics| Library of Economics and Liberty

www.econlib.org [cached]

Oliver M. W. Sprague (Harvard), 1937


AEAweb: Past Officers

www.aeaweb.org [cached]

OLIVER M. W. SPRAGUE, Harvard, 1937


Lessons from the Panic of 1907. - Smartpredictor

www.smartpredictor.com [cached]

The authors quoted Oliver W. Sprague, a Harvard professor writing in 1908, as stating that "The position of the banks was far from desperate, yet they had already entered the fatal and discreditable path of suspension, paying depositors at their own discretion.
In a remarkable historical parallel to the 2008 crisis, banks in New York during the 1907 crisis "actually conserved cash as a result of their membership in the clearing house and otherwise profited from the extension of cash to the trust companies. In November 1907, the New York banks obtained as much cash as they remitted elsewhere in the U.S. according to the authors. Sprague observed, "The New York bankers proved themselves wholly unequal to the duties of their position as the central reserve banks of the country."


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