Edited by Philip Arestis and Malcolm Sawyer
ARSHIS (1911–1993) O.F Hamouda and B.B. Price Lorie Tarshis was born into a middle-class family of Toronto on 22 March 1911. His father, Dr Singer, a medical doctor and Toronto City Coroner, died during the typhoid epidemic of 1915. In 1917 their mother married Tarshis whose name Lorie took. Tarshis started school at Huron Street Public Elementary School and found the competition very poor. Already by age ten and against his stepfather’s wishes, he chose to leave the City of Toronto public school system. He was attracted to the highly competitive University of Toronto School run as a ‘laboratory’ school by the university for its education students. Although he had intended to go into medicine, because of his enthusiasm and skill for mathematics he was counselled to go into economics. Undergraduate study of economics at the University of Toronto at that time meant entering a core programme called ‘Commerce and Finance’. The ﬁrst year was from the standpoint of economics modest, focusing on economic geography. In the second year economics was more seriously undertaken, with the main courses being Principles of Economics, Industry and Trade and Economic History. The students had to read Alfred Marshall’s Principles of Economics. Thus Tarshis was immediately confronted with the challenge of reading the actual works of great economists, which he enjoyed. Rather early in his second year of university, Tarshis’s professor of Economic History, C.R. Fay, came to class one morning looking ashen and said, ‘Gentlemen, I think you should know that you...
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