Published online by Cambridge University Press: 11 June 2009
Francis Wayland (1796–1865) became the president of Brown University at age 31, remaining so for twenty-eight years. According to the custom of that era, the president taught moral philosophy and political economy to the Brown undergraduates. Wayland published his lectures on moral philosophy as a textbook in 1835 (this essay cites the 1837 edition); his notes on political economy followed in 1837 (this essay cites the 1841 edition). The Elements of Moral Science ultimately reached 100,000 copies in print, while The Elements of Political Economy reached approximately 50,000 copies and its abridgment another 12,000 (Wayland and Wayland 1868, p. 389). Paul T. Heyne (1982, p. 126) states that Wayland's Political Economy “was by far the most popular political economy texbook prior to the Civil War,” with ongoing influence “through adaptations and imitations.” A comparison of book sales to college enrollments suggests that Wayland's Political Economy served a greater proportion of the market of its day than Paul Samuelson's Economics did between 1948–1980.