"Julius Hirsch (1882-1961) was born in Mandel, Germany to Salomon and Mathilde Hirsch. He studied economics in Bonn and taught at the University of Cologne beginning in 1911. From 1919 to 1922 he served as Secretary of State in the German Ministry of Commerce, and was involved in reparation negotiation and post-war economic development. Thereafter, he was professor of economics at the University of Berlin and the Berlin Graduate School of Business (Handelshochschule Berlin). He immigrated to Copenhagen in 1933 and to the United States in 1941, where he worked in the 1940s for the U.S. Office of Price Administration before becoming a private consultant. He was also a professor at the New School for Social Research in New York from 1942 to 1960, and Director of the New School Business Administration Center."