His dissertation was titled “Mercantilism and Laissez Faire in American Political Discussion”.
He worked as a journalist before joining the University of Illinois, where he taught from 1947 to 1980.
In 1983 he was named the first Reynolds Professor of Economics at Wake Forest University.
In 1994 he was appointed lecturer at the University of Chicago Law School.
[4] In his 1989 work, Pricing the Priceless: Art, Artists and Economics, Grampp adhered to the rational choice theory to explain behavior.