Oliver Mitchell Wentworth Sprague

thesis_title=The English Woolen Industry in the Seventeenth and Eighteenth Centuries His research focused on fiscal policy and central banking.

Early life and education Sprague was born to William Wallace (1842–1912), a businessman, and Miriam Sprague (née Wentworth) on April 22, 1873, in Somerville, Massachusetts. He attended St. Johnsbury Academy and graduated summa cum laude from Harvard University in 1894.

Career After a year of study in England, He became instructor in political economy in 1900 and was promoted to assistant professor of economics in 1904. The Imperial University of Tokyo appointed him as a full professor of economics in 1905, where he stayed until 1908 when he returned to Harvard as an assistant professor of banking and finance at the Harvard Graduate School of Business Administration.

He was elected fellow of the American Academy of Arts and Sciences in 1931 and member of the American Philosophical Society in 1938.

He served on the editorial board of the Quarterly Journal of Economics from 1909 to 1920. He also advised the Reichsbank, the Bank of France, the Bank for International Settlements, and the League of Nations. He was a member of the League's Gold Delegation, which promoted the Gold Standard.

Following his stint at the Bank of England, he served as assistant to the Secretary of the Treasury in 1933, a role he left the same year due to disagreement over the optimal path to recovery for the US economy. in 1905. They had two children, Katherine Ida and Theodore Wentworth Sprague. He had four siblings: Charles Wentworth, Maude, Arthur and William.

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