Simon Patten

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. 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.

Simon N. Patten
Born(1852-05-01)May 1, 1852
DiedJuly 24, 1922(1922-07-24) (aged 70)
Academic career
InstitutionUniversity of Pennsylvania
Alma materUniversity of Halle
Doctoral
advisor
Johannes Conrad
Doctoral
students
Henry Rogers Seager, Scott Nearing
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