This early work by Richard T. Ely was originally published in 1891 and
we are now republishing it with a brand new introductory biography. 'The
Inheritance of Property' is an academic essay on inheritance regulation
and the social aspects of property distribution. Richard Theodore Ely
was born on 13th April 1854, in Ripley, New York, United States. Ely
began his academic career as a professor and head of the Department of
Political Economy at Johns Hopkins University, Baltimore, where he
worked from 1881 to 1892. During this period, Ely co-founded the
American Economic Association and served as the group's secretary. He
stood as President of the organisation between 1899 and 1901. The
Association still titles its annual keynote address the 'Richard T. Ely
Lecture' in recognition of his services to the field. Ely published many
works on politics and economics, including The Labor Movement in America
(1886), Elementary Principles of Economics (1904), Property and Contract
in their Relations to the Distribution of Wealth (1914), Russian Land
Reform (1916), and many more.