and in 1924 he was admitted as a regular student. He completed the undergraduate program in three years and received his B.S. degree in 1927. He immediately entered the graduate program at the University of Wisconsin, where he was awarded his Ph.D. in 1930. He became an assistant professor at Iowa State College and remained at the college until 1943, when he moved to the University of Chicago.
In this memoir I shall give major emphasis to why he had such a positive influence on the lives of others, provide an example of his strong dedication to academic freedom, and draw attention to some of his major administrative accomplishments. I will give less attention to his major contributions to economics because two excellent and authoritative reviews exist. One was prepared by Mary Jean Bowman (1980) at the time of his receipt of the Nobel Prize in economics and the other very recently by Marc Nerlove (in press). I strongly recommend each of them.
His influence on the lives of people—students, colleagues and others—was very great indeed. He was very open, always ready to intellectually engage anyone who approached him in a serious manner. He carried out an enormous correspondence, responding to all serious inquiries or comments that came to him, not mattering whether from complete strangers, fellow economists, or important political figures. As many testify, his impact on students was enormous, both in the classroom and as a thesis adviser. But he was accessible to more than just his students, colleagues and persons of importance. Let me illustrate by recounting how I first met him.
My first contact with him was sixty-six years ago. The nature of that contact and my first meeting with him tells a lot about why he had such a positive effect on the lives of so many people. I was a junior in high school and had entered a statewide speech contest. I had decided that the subject