Joseph French Johnson
Encyclopedia
Joseph French Johnson was an American
economist
, born at Hardwick, Massachusetts
.
He graduated from Harvard
in 1878, studied in Germany
for a year, then began work at the Springfield, Massachusetts
Republican newspaper. Afterward, he worked on the staff of the Chicago Tribune, and established the Spokane
Spokesman (1889).
After 1893, his employment took him to various institutions. He was professor in the Wharton School of Commerce
, Penn
, lectured at Columbia
, and in 1901 became a professor at NYU
, was a member of the commission to revise the banking laws of the State of New York, and worked for the National Monetary Commission
.
Professor Johnson edited the Modern Business Series and the Journal of Accountancy. He published: Syllabus of Money and Banking (1899), Money and Currency (1905), and The Canadian Banking System (1910).
He was associated with the "Alexander Hamilton Institute" and was credited with writing "The Price of Success," an inspirational text as follows:
I often wonder what it is that brings one man success in life, and what it is that brings mediocrity or failure to his brother. The difference can't be in mental capacity; there is not the difference in our mentalities indicated by the difference in performance. In short, I have reached the conclusion that some men succeed because they cheerfully pay the price of success, and others, though they may claim ambition and a desire to succeed, are unwilling to pay that price.
And the price is...
To use all your courage to force yourself to concentrate on the problem in hand, to think of it deeply and constantly, to study it from all angles, and to plan.
To have a high and sustained determination to put over what you plan to accomplish, not if circumstances be favorable to its accomplishment, but in spite of all adverse circumstances which may arise and nothing worthwhile has ever been accomplished without some obstacles having been overcome.
To refuse to believe that there are any circumstances sufficiently strong to defeat you in the accomplishment of your purpose.
Hard? I should say so. That's why so many men never attempt to acquire success, answer the siren call of the rut and remain on the beaten paths that are for beaten men. Nothing worthwhile has ever been achieved without constant endeavor, some pain and constant application of the lash of ambition. That's the price of success as I see it. And I believe every man should ask himself: Am I willing to endure the pain of this struggle for the comforts and the rewards and the glory that go with achievement? Or shall I accept the uneasy and inadequate contentment that comes with mediocrity? Am I willing to pay the Price of Success?
by Joseph French Johnson
founder Alexander Hamilton Institute'
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
economist
Economist
An economist is a professional in the social science discipline of economics. The individual may also study, develop, and apply theories and concepts from economics and write about economic policy...
, born at Hardwick, Massachusetts
Hardwick, Massachusetts
Hardwick is a town in Worcester County, Massachusetts, United States, about west of the city of Worcester. It had a population of 2,990 at the 2010 census. It includes the villages of Hardwick, Gilbertville, Wheelwright and Old Furnace.- History :...
.
He graduated from Harvard
Harvard University
Harvard University is a private Ivy League university located in Cambridge, Massachusetts, United States, established in 1636 by the Massachusetts legislature. Harvard is the oldest institution of higher learning in the United States and the first corporation chartered in the country...
in 1878, studied in Germany
Germany
Germany , officially the Federal Republic of Germany , is a federal parliamentary republic in Europe. The country consists of 16 states while the capital and largest city is Berlin. Germany covers an area of 357,021 km2 and has a largely temperate seasonal climate...
for a year, then began work at the Springfield, Massachusetts
Springfield, Massachusetts
Springfield is the most populous city in Western New England, and the seat of Hampden County, Massachusetts, United States. Springfield sits on the eastern bank of the Connecticut River near its confluence with three rivers; the western Westfield River, the eastern Chicopee River, and the eastern...
Republican newspaper. Afterward, he worked on the staff of the Chicago Tribune, and established the Spokane
Spokane, Washington
Spokane is a city located in the Northwestern United States in the state of Washington. It is the largest city of Spokane County of which it is also the county seat, and the metropolitan center of the Inland Northwest region...
Spokesman (1889).
After 1893, his employment took him to various institutions. He was professor in the Wharton School of Commerce
Wharton School of the University of Pennsylvania
The Wharton School is the business school of the University of Pennsylvania, an Ivy League university in Philadelphia, Pennsylvania. Wharton was the world’s first collegiate business school and the first business school in the United States...
, Penn
University of Pennsylvania
The University of Pennsylvania is a private, Ivy League university located in Philadelphia, Pennsylvania, United States. Penn is the fourth-oldest institution of higher education in the United States,Penn is the fourth-oldest using the founding dates claimed by each institution...
, lectured at Columbia
Columbia University
Columbia University in the City of New York is a private, Ivy League university in Manhattan, New York City. Columbia is the oldest institution of higher learning in the state of New York, the fifth oldest in the United States, and one of the country's nine Colonial Colleges founded before the...
, and in 1901 became a professor at NYU
New York University
New York University is a private, nonsectarian research university based in New York City. NYU's main campus is situated in the Greenwich Village section of Manhattan...
, was a member of the commission to revise the banking laws of the State of New York, and worked for the National Monetary Commission
National Monetary Commission
National Monetary Commission was a study group created by the Aldrich Vreeland Act of 1908. After the Panic of 1907 American bankers turned to Europe for ideas on how to operate a central bank. Senator Nelson Aldrich, Republican leader of the Senate, personally led a team of experts to major...
.
Professor Johnson edited the Modern Business Series and the Journal of Accountancy. He published: Syllabus of Money and Banking (1899), Money and Currency (1905), and The Canadian Banking System (1910).
He was associated with the "Alexander Hamilton Institute" and was credited with writing "The Price of Success," an inspirational text as follows:
I often wonder what it is that brings one man success in life, and what it is that brings mediocrity or failure to his brother. The difference can't be in mental capacity; there is not the difference in our mentalities indicated by the difference in performance. In short, I have reached the conclusion that some men succeed because they cheerfully pay the price of success, and others, though they may claim ambition and a desire to succeed, are unwilling to pay that price.
And the price is...
To use all your courage to force yourself to concentrate on the problem in hand, to think of it deeply and constantly, to study it from all angles, and to plan.
To have a high and sustained determination to put over what you plan to accomplish, not if circumstances be favorable to its accomplishment, but in spite of all adverse circumstances which may arise and nothing worthwhile has ever been accomplished without some obstacles having been overcome.
To refuse to believe that there are any circumstances sufficiently strong to defeat you in the accomplishment of your purpose.
Hard? I should say so. That's why so many men never attempt to acquire success, answer the siren call of the rut and remain on the beaten paths that are for beaten men. Nothing worthwhile has ever been achieved without constant endeavor, some pain and constant application of the lash of ambition. That's the price of success as I see it. And I believe every man should ask himself: Am I willing to endure the pain of this struggle for the comforts and the rewards and the glory that go with achievement? Or shall I accept the uneasy and inadequate contentment that comes with mediocrity? Am I willing to pay the Price of Success?
by Joseph French Johnson
founder Alexander Hamilton Institute'