How to Pronounce Simon Patten
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May 01, 1852 Sandwich, Illinois, United States Died on 24 Jul 1922 (aged 70)
American economist
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About Simon Patten
- Simon Nelson Patten (May 1, 1852 – July 24, 1922) was an economist and the chair of the Wharton School of Business at the University of Pennsylvania.
- Patten was one of the first economists to posit a shift from an 'economics of scarcity' to an 'economics of abundance'; that is, he believed that soon there would be enough wealth to satisfy people's basic needs and that the economy would shift from an emphasis on production to consumption.
