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Edited by Robert W. Dimand, Mary Ann Dimand and Evelyn L. Forget
Elizabeth Boody Schumpeter
Elizabeth Boody Schumpeter (1898–1953) Romaine Elizabeth Boody was born on 16 August 1898 to Hulda Hokansen Boody and Maurice Boody in Lawrence, Massachusetts, where she lived with her family until the autumn of 1916 when she was admitted to Radcliffe College. There she majored in economics, pursuing a special interest in labour problems. In the spring of 1920, she was awarded the College’s ﬁrst summa cum laude AB degree in economics. After a short period working as an assistant labour manager for a clothing ﬁrm in Rochester, New York, Elizabeth Boody returned to Radcliffe for graduate studies in economics. It was a time when academic economists were increasingly interested in quantitative data and statistical techniques. Accordingly, her graduate training included courses in statistics as well as economics. Having completed her MA, Elizabeth joined the Harvard University Committee on Economic Research, where she was particularly interested in the statistical analysis of time series data and their use in forecasting business cycles. She became the ﬁrst woman to serve as a contributing editor of the Review of Economic Statistics, in which she published her ﬁrst scholarly article (Boody, 1924). Thereafter, she resumed doctoral studies at Radcliffe, and spent 1926 and 1927 collecting English trade statistics for her thesis in London, where she was strongly inﬂuenced by Harold Laski and others at the London School of Economics. Work on her thesis was delayed after her return to Boston on three accounts: her appointment as Assistant Professor of Economics at Radcliffe; her...
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