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Wharton School of Business : ウィキペディア英語版
Wharton School of the University of Pennsylvania

The Wharton School of the University of Pennsylvania (also known as the Wharton School, the Wharton School of Business, or simply Wharton) is the business school of the University of Pennsylvania, a private Ivy League university located in Philadelphia. Wharton was established in 1881 through a donation from Joseph Wharton. It is the first business school in the United States.
The Wharton School awards Bachelor of Science in Economics degrees at the undergraduate level and Master of Business Administration degrees at the postgraduate level, both of which require the selection of a major. Wharton also offers a PhD program and houses or co-sponsors several diploma programs either alone or in conjunction with the other schools at the university.
==History==

Joseph Wharton, a native Philadelphian, was a leader in industrial metallurgy who built his fortune through the American Nickel Company and Bethlehem Steel Corporation. As Wharton's business grew, he recognized that business knowledge in the United States was only taught through an apprenticeship system, and such a system was not viable for creating a wider economy during the Industrial Revolution.〔https://web.archive.org/web/20140312001136/http://www.thebhc.org/publications/BEHprint/v012/p0029-p0036.pdf〕 After two years of planning, Wharton in 1881 founded the Wharton School of Finance and Economy through a $100,000 initial pledge, making it the first business school established in the United States.〔(【引用サイトリンク】title=University of Pennsylvania (Wharton) )〕 (ESCP Europe, established in 1819, and a few other business schools were established in Europe prior to Wharton's founding.〔Kaplan, Andreas M. (2014) European Management and European Business Schools: Insights from the History of Business Schools, European Management Journal - http://dx.doi.org/10.1016/j.emj.2014.03.006〕) The school was meant to train future leaders to conduct corporations and public organizations in a rapidly evolving industrial era. Wharton was quoted as saying that the school was meant to "instill a sense of the coming strife (business life ): of the immense swings upward or downward that await the competent or the incompetent soldier in this modern strife".〔
From the founding of the school, he defined that its goal was "to provide for young men special means of training and of correct instruction in the knowledge and in the arts of modern Finance and Economy, both public and private, in order that, being well informed and free from delusions upon these important subjects, they may either serve the community skillfully as well as faithfully in offices of trust, or, remaining in private life, may prudently manage their own affairs and aid in maintaining sound financial morality: in short, to establish means for imparting a liberal education in all matters concerning Finance and Economy". The school was renamed the Wharton School of Finance and Commerce, in 1902, and formally changed its name to simply, Wharton School, in 1972.〔(【引用サイトリンク】title= About Wharton—Wharton History )
Early on, the Wharton School faculty was tightly connected to an influential group of businessmen, bankers and lawyers that made up the larger Philadelphia School of Political Economy. The faculty incorporated social sciences into the Wharton curriculum, as the field of business was still under development. Albert S. Bolles, a lawyer, served as Wharton's first professor, and the school's Industrial Research Unit was established in 1921.
Wharton professor Simon Kuznets, who later won the Nobel Prize in Economics, created statistical data on national output, prices, investment, and capital stock, and also measured seasonability, cycles, and secular trends of these phenomena. His work laid out what became the standard procedure for measuring the gross national product and the gross domestic product, and he later led an international effort to establish the same statistical information for all national economies.〔Congress commissioned Kuznets to create a system that would measure the nation's productivity in order to better understand how to tackle the Great Depression.Simon Kuznets, 1934. "National Income, 1929–1932". 73rd US Congress, 2d session, Senate document no. 124, page 5-7 Simon Kuznets, 1934. "National Income, 1929–1932". 73rd US Congress, 2d session, Senate document no. 124, page 5-7. Simon Kuznets, 1934. "National Income, 1929–1932". 73rd US Congress, 2d session, Senate document no. 124, page 5-7. https://fraser.stlouisfed.org/scribd/?title_id=971&filepath=/docs/publications/natincome_1934/19340104_nationalinc.pdf
〕 Professor Lawrence Klein, who also won the Nobel Prize in Economics, invented the field of econometrics, which combined economic theory with mathematics, providing another way to test theories and predict future economic trends.〔
Wharton professor George W. Taylor is credited with founding the academic field of study known as industrial relations.〔Shils, "George W. Taylor: Industrial Peacemaker," ''Monthly Labor Review,'' December 1995.〕 He served in several capacities in the federal government, most notably as a mediator and arbitrator. During his career, Taylor settled more than 2,000 strikes.〔"George W. Taylor Dies At 71," ''The New York Times,'' December 17, 1972.〕 In 1967, he helped draft the New York State civil service law which legalized collective bargaining in that state but which also banned strikes by public employees—legislation widely known today as the Taylor Law.〔Donovan, ''Administering the Taylor Law: Public Employee Relations in New York,'' 1990.〕
Wharton professor Wroe Alderson (1898–1965) is widely recognized as the most important marketing theorist of the twentieth century〔Jones, D.G.B. and Shaw, E.H., (2003) ''A History of Marketing Thought, in the Handbook of Marketing'', ed. Wertz, B. and Wensley, R.〕 and the "father of modern marketing".〔Eric H. Shaw, William Lazer, Stephen F. Pirog III (2007) ''Wroe Alderson: father of modern marketing. European Business Review'', Volume 19, Issue: 6, Pages: 440 – 451, Emerald Group Publishing Limited. ISSN: 0955-534X. 〕 Wharton professor Paul Green is considered to be the “father of conjoint analysis” for his discovery of the statistical tool for quantification of market research.
Wharton professor Solomon S. Huebner is known widely as "the father of insurance education." He originated the concept of "human life value", which became a standard method of calculating insurance value and need. He established the goal of professionalism in the field of insurance, developed the first collegiate level program in insurance and chaired the Department of Insurance at Wharton, and contributed greatly to the progress of adult education in this area. Wharton professor Daniel M. McGill was widely regarded as the “dean of the pension industry”, whose research contributed to shaping the modern retirement system both in the public and corporate sectors.
In 1946, after ENIAC was created at Penn, Wharton created the first multidisciplinary programs in technology management with the School of Engineering and Applied Science. Wharton faculty began to work closely with AT&T, Merrill Lynch, MasterCard, Prudential Insurance and the New York Stock Exchange in analyzing the strategic and commercial implications of information systems.〔
Wharton created the first textbook on foreign trade, and it led the privatization of national industries in Turkey, Poland and surrounding Eastern European nations.〔
The Wharton School's first business professor was an attorney, Albert Bolles. At the time, there were no other business schools and no business professors could be recruited elsewhere. Bolles, a lawyer by education and training, and business journalist by career, seemed to be the best option for Joseph Wharton. Bolles started his career as a lawyer in Connecticut in the second half of the 19th century. After resigning from his law firm, he started pursuing a new career in business journalism and was promoted to the editor role of ''Bankers Magazine'', a trade publication, in 1880. Upon joining the Wharton School, he began teaching business with classes on the law of governing finance and on the processes of commercial banking. Bolles' instruction in finance was influenced by his previous experience in ''Bankers Magazine'': he stressed conservative business practices, drawing on business history as much as he could. In his classes, inflationist Congressmen were "self-interested debtors". Besides teaching, Bolles advocated for several national reforms, including the uniform banking law. Wharton historian Steven A. Sass wrote about him, "Bolles thus fulfilled Joseph Wharton's pedagogic expectations and…got the new school off to a respectable start by the spring of 1883".〔 In 1884, the first five business students were awarded a Bachelor of Finance degree. One graduate, Shiro Shiba, returned to Japan where he would become a member of the Diet, the Japanese parliament, and another, Robert Adams, Jr., later was named U.S. Ambassador to Brazil.〔
Classes in business and finance abounded at the Wharton School, but it was lacking in any other areas of business interest. Edmund James, with a doctorate from the University of Halle in Germany, reinvigorated the school's curriculum, starting classes on political finance and administration. Later in 1885, James argued for redesigning the course of study at Wharton with elements of German higher education. He wanted to include training in banking, railroading, merchandising, manufacturing and other similar branches, and expand the course's length to four years from the initial three. Joseph Wharton in November 1893 pledged an additional $75,000 to the school in order to implement James' ideas in the school's curriculum. A more comprehensive study plan was then rolled out.〔 Between 1895 and 1915, James started teaching at Wharton the new fields of finance and management as they were developing in the business world. The Wharton School improved its reputation from a bunch of academic "misfits", and some of its alumni rose in the U.S. business world. During this period, the school continued to attract additional faculty members and expand its research programs.〔(【引用サイトリンク】title=About Wharton: Past Leaders )
Wharton began awarding MBA degrees in 1921.〔 In 1942, during World War II, in the same fashion of other schools, Wharton's full-time faculty dropped dramatically from 165 to 39 by 1944. According to school historians, members of the faculty were called upon for special posts. In 1959, Wharton adopted the curriculum which is now taught in most major business schools: the program was changed with liberal arts education doubling to almost half of the curriculum, and the social sciences department was moved to the University of Pennsylvania School of Arts and Sciences in 1975. Since then, Wharton faculty have focused exclusively on business education.
Official historical names of the institution include the Wharton School of Finance and Economy, from 1881 to 1901, and the Wharton School of Finance and Commerce, from 1902 to 1971.

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