Harry Scherman

Harry Scherman (February 1, 1887 – November 12, 1969) was an American publisher and economist, most notable as the co-founder of the Book of the Month Club. He also wrote four books on economics.

Isaac Harry Scherman was born February 1, 1887 in Montreal, Canada. He was the youngest of five children born to Katherine Harris and Jacob Scherman. After his parents separated, Harry and his brothers Louis and William were placed in the Jewish Orphanage Home in Atlanta, Georgia, where they lived from 1893 to 1899. He attended Central High School in Philadelphia, where his classmates included Alexander Woollcott, the future Algonquin Round Table member and radio personality, and Ed Wynn, the famous actor. Scherman graduated high school in 1905, and later completed university studies at the Wharton School and the University of Pennsylvania Law School.

His first jobs included working for Louis Lipsky at "The American Hebrew" newspaper, with the Ruthrauff and Ryan advertising firm, and the J. Walter Thompson Company. In 1916, he established the Little Leather Library and, in 1926, he co-founded the Book of the Month Club.

Following the establishment of the Book of The Month Club, Scherman published several works in his own right. In one such work, The Promises Men Live By, published in 1938 he developed an analysis of economic problems in terms of people's beliefs. He was critical of accepted policies relating to the then fashionable Keynesianism.

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