PROFESSOR EDWIN GAY RESIGNS FROM FACULTY EFFECTIVE NEXT YEAR

Edwin F. Gay, Henry Lee professor of Economic History, and one of the world's outstanding authorities on the development of modern economic theory, has resigned from the Harvard faculty and will be Professor Emeritus effective September 1, 1936. He is 69 years old.

Excepting a period when he was President of the New York Evening Post, 1920-23, Professor Gay has been a Harvard faculty member since 1902. As first Dean of the Harvard Graduate School of Business Administration 1908-1919, Professor Gay sponsored many pioneer features in the new field of university business education, among them the first comprehensive program of business research in the United States, involving the collection and analysis of figures showing the margins, expenses, and profits of retail and wholesale business. As Professor of Economic History, since 1924, he has studied extensively the nature and results of the nineteenth century industrial revolution.