Department of Economics
Wellesley, MA 02482
ehilt [at] wellesley.edu
Ph.D., Economics (Distinction), Columbia University, 2002
A.B. (magna cum laude), Occidental College, 1992
Department of Economics, Wellesley College
Associate Professor, Economics, 2009-17
Assistant Professor, Economics, 2002-09
Department of Economics, Yale University
Visiting Associate Professor, 2014-15
National Bureau of Economic Research
Research Associate, 2009-
Faculty Research Fellow, 2003-09
Honors and Awards:
Visiting scholar fellowship, Russell Sage Foundation, 2011-12
Arthur Cole Prize, best article in the Journal of Economic History, 2009
Explorations Prize, best article in Explorations in Economic History, co-winner, 2009
Editorial board, Journal of Economic History, 2008-12
Finalist, Alan Nevins Dissertation Prize, 2002
President's Fellowship, Columbia University, 1996-99
Phi Beta Kappa, Occidental College, 2002
"Investment Banks as Corporate Monitors in the Early 20th Century," with Carola Frydman. American Economic Review, 2017
"Economic History, Historical Analysis, and the New History of Capitalism," Journal of Economic History, 2017
"Corporation Law and the Shift toward Open Access in the Antebellum United States," in Lamoreaux and Wallis, ed., Organizations, Civil Society, and the Roots of Development. NBER-University of Chicago Press, 2017
"Early American Corporations and the State," in Lamoreaux and Novak, eds., The Corporation and American Democracy, Harvard University Press, 2017
"Turning Citizens Into Investors: Promoting Savings with Liberty Bonds during World War I," with Wendy Rahn. Russell Sage Foundation Journal of the Social Sciences, 2016
"Economic Effects of Runs on Early 'Shadow Banks': Trust Companies and the Impact of the Panic of 1907," with Carola Frydman and Lily Y. Zhou. Journal of Political Economy, August 2015.
"Corporate Governance and the Development of Manufacturing Enterprises in Nineteenth-Century Massachusetts," in Enterprising America: Businesses,Banks and Credit Markets in Historical Perspective, ed. Collins and Margo. NBER-University of Chicago Press, 2015.
"History of American Corporate Governance," Annual Review of Financial Economics, December 2014.
"Shareholder Voting Rights in Early American Corporations," Business History, 55(4), 2013.
"Democratic Dividends: Stockholding, Wealth, and Politics in New York,1791-1826," with Jacqueline Valentine. Journal of Economic History, 72(2), 2012.
"Rogue Finance: The Life and Fire Insurance Company and the Panic of 1826," Business History Review, 83 (Spring), 2009.
"The Limited Partnership in New York, 1822-1858: Partnerships without Kinship," with Katharine E. O'Banion. Journal of Economic History, 69(3), 2009.
"When Did Ownership Separate from Control? Corporate Governance in the Early-Nineteenth Century." Journal of Economic History, 68(3), 2008.
(Reprinted in Jones and Friedman, ed.,The Rise of the Modern Firm, Edward Elgar, 2012.)
"The Negative Trade-O Between Risk and Incentives: Evidence from the American Whaling Industry." Explorations in Economic History, 45(3), 2008.
"Investment and Diversification in the American Whaling Industry," Journal of Economic History, 67(2), 2007.
"Incentives in Corporations: Evidence from the American Whaling Industry," Journal of Law and Economics, 49(1), 2006.
"Financial Asset Ownership and Political Partisanship: Evidence from the Liberty Bond Campaigns of World War I, with Wendy Rahn, 2017."
"Banks, Insider Connections, and Industry in New England: Evidence from the Panic of 1873," 2017.
"Effects of the Introduction of Corporate Securities Ratings in the Early Twentieth Century," with Carola Frydman and Asaf Berenstein, 2015.
"From Plutocracy to Progressivism? The Assassination of President McKinley as a Turning Point in American History," with Carola Frydman and Richard Baker, 2014.
"Wall Street's First Corporate Governance Crisis: The Panic of 1826." NBER Working Paper 14892, 2009.
"Business Organization in American History," Oxford Handbook of American Economic History, forthcoming.
Review of A History of Financial Crises: Dreams and Follies of Expectations by Cihan Bilginsoy (Routledge, 2015), Journal of Economic History, forthcoming.
Review of Unsettled Account: The Evolution of Banking in the Industrialized World Since 1800, by Richard S. Grossman (Princeton, 2010). Enterprise & Society 15(2), 2014.
Review of The New Lombard Street: How the Fed Became the Dealer of Last Resort by Perry Mehrling (Princeton, 2010). Society, 49(3), 2012.
Review of Shareholder Democracies? Corporate Governance in Britain and Ireland before 1850, by Mark Freeman, Robin Pearson and James Taylor (Chicago, 2012). Published on EH.net, 2012.
"Comments on Baics, Fetter, and Wanamaker," Journal of Economic History, 71(2), 2011.
Review of Investing in Life: Insurance in Antebellum America, by Sharon Murphy (Johns Hopkins, 2010). Published on EH.net, 2010.
Review of The Exchange Artist: A Tale of High-Flying Speculation and America's First Banking Collapse, by Jane Kamensky (Penguin, 2009). Published on EH.net, 2010.
"Financial Innovation, Crisis and Regulatory Reform," Financial History, Winter 2010.
Review of The Market Revolution in America: Liberty, Ambition and the Eclipse of the Common Good, by John Lauritz Larson. Journal of Economic History,70(3), 2010.
Review of The Global Economy in the 1990s: A Long-Run Perspective, ed. Rhode and Toniolo (Cambridge, 2006). Journal of Economic History,66(4), 2006.
2017-18: Harvard University, American University, Board of Governors of
the Federal Reserve, Clark University, NYU-Stern, Paris School of Economics
2016-17: Harvard Business School, University of Pennsylvania, Harvard University
2015-16: UCLA, Colgate University, University of Chicago - Booth School of Business, Middlebury College
2014-15: Yale University, Brandeis University, UC Santa Barbara - History Department, University of Arizona, Yale Law School, NYU-Stern School of Business
2013-14: Harvard University
2012-13: Rutgers University, Wesleyan University, University of Michigan
2011-12: Columbia University (Business History Forum), George Mason University, Miami University of Ohio, NYU-Stern School of Business, Columbia University (Economic History Seminar)
2010-11: University of British Columbia, Yale University, Vanderbilt University, Clark University
2009-10: Queen's University, Harvard University
2008-09: University of Tilburg, University of Amsterdam, NYU-Stern School of Business, Northeastern University
2007-08: Rutgers University, Duke-Fuqua School of Business, Harvard University, UC Merced, UC Davis, Stanford University
2006-07: University of Oxford, Norwegian School of Economics and Business, MIT-Sloan School of Management, Columbia University, Harvard University, UNC-Chapel Hill
2005-06: Yale University, UCLA
2004-05: Northwestern University, Colby College, University of Maryland
2003-04: Harvard University
2017-18: Economic History Association, ASSA Meetings (Discussant), Business History Conference, Wharton Financial Regulation Conference, Cleveland Fed Financial History Conference, Seattle University Law School
2016-17: ASSA Meetings, Economic History Association (Discussant), Business History Conference
2015-16: World Economic History Congress (Kyoto, Japan), Business History Conference, Organization of American Historians
2014-15: American Historical Association, NBER Conference on Civil Society, Organization of American Historians, Harvard Business School Conference on the History of Law and Business Organizations, German Historical Institute Conference on Financialization, Business History Conference
2013-14: Atlanta Fed-Emory University Financial History Conference, Economic History Association (Discussant), ASSA Meetings, NBER Summer Institute, Norges Bank Conference on the History of Central Banking
2012-13: World Congress of Cliometrics, Economic History Association
2011-12: Business History Conference, Stanford Institute for Theoretical Economics, NBER Monetary Economics program meeting, NBER Universities Research conf. (discussant)
2010-11: Economic History Association, Williams College conference on History and Development, Business History Conference
2009-10: NBER Summer Institute, Tel-Aviv University Law School conference on Firm Governance, University of Amsterdam conference on Law History and Finance, Economic History Association (discussant) 2008-09: Economic History Association
2007-08: All-U.C. Economic History Conference, NBER Summer Institute, World Cliometrics Society Conference, Economic History Association
2006-07: NBER Summer Institute, Economic History Association, ASSA Meetings (discussant)
2005-06: World Economic History Congress, Cliometric Society Conference; MIT-Sloan BPS Mini-conference, ASSA Meetings (discussant)
2004-05: Economic History Association, NBER Summer Institute, ISNIE Annual Meeting, NBER DAE program meeting
2002-03: Economic History Association.
Keynotes and Public Lectures:
Ponti ca Universidad Catolica de Chile, Santiago Chile, July 2017
New Bedford Whaling Museum, New Bedford MA, August 2017
Boston Economic Club, Boston MA, May 2017
Service to the Profession:
2016-: Book review editor, Journal of Economic History
2016: Program Committee, Business History Conference
2016: Nominating Committee, Economic History Association
2015-18: Elected Member, Board of Trustees, Cliometric Society
2012-14: Oxford Prize Committee, Business History Conference
2012-14: EHA Committee on Teaching in Economic History
2013: Program Committee, DAE Program Meeting, NBER
2011: Local Arrangements Committee, EHA Annual Meeting
2010: Convener, Nevins Dissertation Prize, EHA
2005-06: Program Committee, DAE, NBER Summer Institute
American Economic Review, Business History Review, Cliometrica, Economic History Review, Enterprise and Society, European Review of Economic History,Explorations in Economic History, Harvard University Press, Journal of Economic History, Journal of Institutional Economics, Journal of Political Economy, Journal of Politics, Journal of Finance, Journal of Law, Economics and Organization, Managerial Finance, National Science Foundation, Oxford University Press, Princeton University Press, Quarterly Journal of Economics, Review of Financial Studies, Revista de Historia Economica, Strategic Management Journal, University of Pennsylvania Press, Western Historical Quarterly, William and Mary Quarterly
Wellesley College: Macro (Principles, Intermediate), Finance, Economic Organizations in American History
Yale University: History of the American Financial System, American Economic History
Columbia University: Introduction to Accounting and Finance
Service at Wellesley:
2016-: Extramural Graduate Fellowships Committee
2010-14: Investment Committee
2010-14: Committee on the Curriculum and Academic Policy
2012-13: Chair, Subcommittee on Shadow Grading
2008-10: Academic Planning Committee
2007: Agenda Committee
2006: Faculty Benefits Committee
2003-05: Committee on Faculty Awards
2003-05: Trustee Committee on Academic Affairs