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Exam Questions Harvard Suggested Reading Syllabus

Harvard. International Trade and Commercial Policy. Haberler, Harris, Leontief 1940

 

Of the fields with a deep bench at Harvard in the immediate pre-WWII era, international trade could boast three faculty members and two post-docs of great distinction: Gottfried Haberler, Wassily Leontief, Seymour Harris; and Wolfgang Stolper and Heinrich (a.k.a. “Henry”) Heuser. This post has the course outlines with assigned readings for both the trade theory and commercial policy semesters and the final examination questions for commercial policy. 

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Henry Heuser from AEA List of Members 1948

HEUSER, HENRY KARL-MARIA, 1747 F St., N.W., Washington, D.C. (1942) Int. Monetary Fund, econ., res., govt serv.; b. 1911; B.A., 1932, McGill; M.A., 1933, Ecole des Science Economiques et Politiques (Paris); Ph.D., 1938, Univ. of London. Fields 10, 1a, 7. Doc. dis.  Economics of exchange control. Pub. Control of international trade (Rutledge, London, 1938; Blakiston, Philadephia, 1939).

Source:  Alphabetical List of Members (as of June 15, 1948) in the 1948 Directory of the American Economic Association (Jan., 1949). American Economic Review, Vol. 39, No. 1.p. 85.

 

Obituary for Henry Heuser (1911-95) from the Washington Post
April 21, 1995

Henry K. Heuser, 83, an economist who retired in the early 1970s from the Agency for International Development, died of cancer April 18 at the Washington Hospice.

Mr. Heuser was born in Berlin. In the mid-1920s, he immigrated to Canada. He graduated from McGill University and also studied at Ecole des Sciences Economiques in Paris and at the London School of Economics, where he received a doctorate.

In the late 1930s, he taught economics and international trade at the University of Minnesota, Harvard University and the Fletcher School of Law and Diplomacy at Tufts University. He was author of a book, “Control of International Trade,” which was published in 1939.

During World War II, he was an intelligence officer with the Office of Strategic Services, then after the war he worked in Paris on the Marshall Plan for the economic rehabilitation of postwar Europe.

In the late 1940s, he worked for the Federal Reserve and the International Monetary Fund, then joined U.S. foreign assistance programs. He served in Italy, Korea, Tunisia, Libya, Sudan and the Ivory Coast.

On retiring from AID, Mr. Heuser lived in the Tuscany region of Italy, where he restored a 16th-century monastery and grew grapes for Chianti wine. He returned to Washington about 1987.

Survivors include his wife of 48 years, Maria Heuser of Washington; five children, Chilla Heuser-Rousselle of Paris, Alice Heuser of Potomac, Stephen Heuser of London, Tayo Heuser Shore of Narragansett, R.I., and Michael Heuser of Beverly Hills, Calif.; and 13 grandchildren. MARK LEE PATTEN Carpenter

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Course Enrollment
1940-41

[Economics] 43a 1hf. Professor Haberler and Associate Professor Leontief.—International Economic Relations, I. Theory of International Trade.

Total 22: 1 Graduate, 13 Seniors, 3 Juniors, 2 Sophomores, 3 Others.

 

Source: Harvard University. Report of the President of Harvard College and Reports of Departments for 1940-41, p. 63.

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Course Description
1940-41

Economics 43a 1hf. International Economic Relations, I. Theory of International Trade. Half-course (first half-year). Mon., Wed., and (at the pleasure of the instructors) Fri., at 9. Professor Haberler and Dr. Stolper.

The course will deal with the following subjects: Monetary problems of international trade; the pure theory of international trade.

 

Source: Division of History, Government, and Economics Containing an Announcement for 1940-41. Official Register of Harvard University, Vol. XXXVII, No. 51 (August 15, 1940), p. 56.

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Economics 43a
International Trade and Commercial Relations
[1939-40]

During the first half of the term the monetary problems of International Trade will be discussed in the following order:

The theory and measurement of the balance of payments
Gold Standard
Paper standard and purchasing power parity theory
Exchange Depreciation
The transfer problem and capital movements
The present gold problem
Problems of exchange control

Assignments of the first six weeks:

Haberler, Theory of International Trade, pp. 1-117.
Whale, International Trade, Chs. 17-19, 21-23
Department of Commerce, The Balance of International Indebtedness of the United States for 1938.
Graham and Whittlesey, “The Gold Problem,” Foreign Affairs, January, 1938.
Meade and Hitch, Economic Analysis, Part V, pp. 307-355.

 

The second half of the term will be devoted to the pure theory of international trade and to some of its applications. The classical theory will be discussed and confronted with Ohlin’s approach. The concept of the terms of trade will be taken up and some applications of monopoly theory, especially to the problem of dumping, will be treated.

Assignments for the second half of the term:

Meade and Hitch, Economic Analysis, Part V, pp. 356-408.
Haberler, International Trade, Chs. IX-XII, and Ch. XVIII.
Ohlin, Interregional and International trade, Parts I and II.
Viner, J., Memorandum on Dumping (League of Nations).

 

Source: Harvard University Archives. Syllabi, course outlines and reading lists in Economics, 1895-2003 (HUC 8522.2.1) Box 2, Folder “Economics, 1940-1941”.

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Final Examination
Economics 43a 1hf.
1940-41

[Not found (yet).]

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Course Enrollment
1939-40

[Economics] 43b 2hf. Associate Professor Harris , Drs. Heuser and Stolper.—International Economic Relations, II. Commercial Policy.

Total 18: 11 Seniors, 6 Juniors, 1 Other.

 

Source: Harvard University. Report of the President of Harvard College and Reports of Departments for 1939-40, p. 99.

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Course Description
1940-41

[Economics 43b 1hf. International Economic Relations, II. Commercial Policy.] Half-course (second half-year). Mon., Wed., at 12, and a third hour at the pleasure of the instructors. Professor Haberler, Associate Professor Harris, and Dr. Stolper.

Omitted in 1940-41.

 

Source: Division of History, Government, and Economics Containing an Announcement for 1940-41. Official Register of Harvard University, Vol. XXXVII, No. 51 (August 15, 1940), p. 56.

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Economics 43b
1939-40

Week Subject Reading
Feb. 5-10 General case for free trade and criticism
(Dr. Stolper)
Haberler, Chs. 13, 14.
Robertson, “The Future of International Trade,” Economic Journal, March, 1938.
Feb. 12-17 General effect of tariffs, partial analysis. Preferential tariffs.
(Dr. Stolper)
Haberler, Ch. 15
Feb. 19-March 9 Special tariff arguments. Discussion of some of the Hutchins Committee Report. Schüler and Keynes arguments. Foreign Trade Multiplier.
(Dr. Stolper)
Beveridge, Tariffs, the Case Examined, Chs. 5, 9, 10, 13.
Haberler, Chs. 16, 17, and Ch. 12, §4 review Macmillan Report, Addendum I.
Copland, D.B., “A Neglected Phase of Tariff Controversy,” Q.J.E., 1931.
Anderson, Karl, “Protection and the Historical Situation,” Q.J.E., 1938.
Samuelson, Marion Crawford, “The Australian Case for Protection Re-examined,” Q.J.E., 1939.
Taussig, Chs. 13 and 16.
Suggested reading: Taussig, Chs. 14, 15.
March 11-16 Dumping, anti-dumping duties
(Dr. Stolper)
Haberler, Ch. 18, omitting the graphs.
Robinson, J., Economics of Imperfect Competition, Ch. 15, sec. 1-4.
Viner, J., Memorandum on Dumping (League of Nations).
March 18-April 20 Other measures, particularly quotas. Exchange Control and Clearing. Exchange Agreements, etc.
(Dr. Heuser)
Haberler, Chs. 19, 20, 21.
Heuser, Control of International Trade, Ch. VI.
Ellis, Exchange Control, Supplement to Q.J.E., 1939, Ch. I.
Ellsworth, Chs. IX, X.
April 22-27 Tariff History: The glass industry.
(Dr. Davis)
Probably Taussig, Tariff History.
April 29-May 4 Reciprocal Trade Agreements
(Dr. Stolper)
Tasca, Reciprocal Trade Policy, selected chapters.

 

Source: Harvard University Archives. Syllabi, course outlines and reading lists in Economics, 1895-2003 (HUC 8522.2.1) Box 2, Both in Folders “Economics, 1939-1940 (2 of 2)” and “Economics, 1940-1941”.

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HARVARD UNIVERSITY
ECONOMICS 43b2
1939-1940

Part I
(One hour and a half)

Take both questions. Write one hour on one of them and one-half hour on the other.

  1. “Territorial jurisdiction over a particular area can never be of economic advantage as long as there is free trade in commodities.” Do you agree?
  2. Discuss the relative merits of general depreciation, discriminating exchange rates, and export subsidies as means of restoring equilibrium after a period of strict exchange control.

Part II
(One hour and a half)

Answer question 3 and two other questions.

  1. Take (a), (b), (c), or (d) only.
    1. Do you think that Marshall’s argument for free trade are applicable to the United States of to-day?
    2. Outline the reciprocal trade agreements program of the U. S. A. and its probable effects on various sectors of the American economy. Do you think the program leads towards increased bilateralism or towards greater free trade?
    3. “Increased competition from newly industrialised countries compels the older industrial countries to choose between higher tariffs or lower standards of living.”
    4. It has been claimed that the protective effect of an import quota and a tariff combined are cumulative. Discuss with regard to the effects in the importing country as well as in the exporting countries.
  2. If a country’s exports are subject to foreign tariffs it cannot improve its position by levying tariffs on its imports. Give your considered opinion of this assertion.
  3. Under conditions conducive to a flight of capital [,] restrictions on capital exports may fail completely to bring about a permanent improvement in the balance of payments. Discuss.
  4. The total volume of trade between two countries under exchange clearing is just as likely to increase as to decrease. Discuss with respect to clearings between (a) a free country and a control country, (b) two control countries.
  5. “The operation of the foreign trade multiplier necessitates reconsideration of the proposition that employment and national income can never be increased by the introduction of tariffs.” Discuss.

Final. 1940.

 

Source: Harvard University Archives. Faculty of Arts and Sciences. Papers Printed for Final Examinations. History, History of Religions,…Economics,…Military Science, Naval Science (June, 1940) in Harvard University. Final examinations, 1853-2001 (HUC 7000.28) Box 5.

Image:  Haberler, Leontief and Harris from Harvard Album 1942.

Categories
Chicago Funny Business M.I.T.

M.I.T. Christmas skit “God and Keynes at M.I.T.”, 1951

 

The title of the Christmas skit presented by the Graduate Economic Association players at MI.T. in December 1951 , “God and Keynes at M.I.T”, is a clear reference to the political screed, God and Man at Yale (1951), by the young and future conservative pundit, William F. Buckley, Jr. This is one of many MIT skits found in the papers of Robert M. Solow and has been graciously shared for ERVM transcription by Roger E. Backhouse of, most recently, Becoming Samuelson, 1915-1948 fame.

One of the signs you are dealing with truly academic humor is the use of footnotes to provide proper attribution. In particular we find here seven items borrowed (and sometimes modified) from the University of Chicago Political Economy Club repertoire. Thus we see not only were some of the Greatest-Hits of Chicago skit humor “remastered” in the Windy City but also that the G.E.A. of M.I.T. was not above performing “covers” of Freshwater Hits. ERVM has already transcribed a few of these and for the sake of completeness will soon complete this list with the Chicago originals:

There is still plenty of original material in the following skit, and the few modifications worth noting include a key substitution of Keynes (MIT) for Marshall (Chicago)  and another substitution of “psychology and sociology” (MIT) for “Macroeconomics and Probability” (Chicago).

________________________

THE GRADUATE ECONOMICS ASSOCIATION
present
The G. E. A. Players
in
GOD AND KEYNES AT M. I. T.
15 December 1951

*Items so marked are modified versions borrowed from the University of Chicago, Political Economy Club.

 

 

PROLOGUE

(the scene is set to reveal the young college graduate relaxing in his home. He has made application to M.I.T. for entry to Course XIV. We hear the door-bell ring, and the letter arrives. He reads:)

An economics department great in dignity
In fairest Cambridge, where we lay our scene
Offers to disturb you, from present peace
To come to our proximity.

From forth of this great and new transition
A host of new subjects will take their position;
Econometrics, propensities, and laboristic relations;
Matrices, consumption, and similar sensations.

And if you will survive the economic pains
We’ll make of you another John Maynard Keynes.
So won’t you please say that you will come and stay;
Let me know real soon, signed sincerely, C. P. K.

(the student arrives at Tech, finds the library, and enters the elevator. On the way up to the third floor he hears:)

 

FIRST EPISTLE UNTO NEW STUDENTS*

  1. To all who enter through the Gate of Admissions unto the sanctity of the Department, heed ye well one who is wiser and older than thou. For verily I have dwelt in the land of Keynes for many years, and have felt the curse of Generals on my brain.
  2. Beware the courses called 121 and 122, for they will tax thee sorely. They have been devised that the supply may be known from the demand.
  3. Present thyself upon the appointed hour, lest the social cost exceed the private gain and the wrath of the Master fall upon thee mightily.
  4. Shun thou the geometer, for he seeks to seduce thee with curves. His siren song is pleasant but he lacketh rigor.
  5. Shun thou also the temple of the twin gods, psychology and sociology, for therein dwell the Philistines who worship not the calculus. There wilt thou be set upon with all manner of strange things and thou shalt feel the lash of the complex verbage, and thy head shall whirl with cultural patterns and institutional mores.
  6. Treasure thy Keynes, for verily all manner of mysteries are set down therein. Read it well and carefully, but say not that thou hast understood.
  7. Take to thine own bosom the demand curve lest it desert thee in thine hour of need.
  8. Attend well the lectures called innovation, for there if thou learnest nothing else, shalt thou learn at least one thing and it shall be a contribution to thy general education.
  9. Shun thou the industrial economist when he is at his data, for he loveth them dearly and will defend them as a lioness her cubs.
  10. Beware also the statistician who will leave the witless with a pair of dice.
  11. Shun the welfare economist, for he loveth mightily to stick out his neck and will teach thee his evil ways.
  12. Shun thou the coffee hour, but study diligently in Dewey lest thou and thy end thy days in Course XV.
  13. There is a time to speak and a time to be silent. Be thou silent in the presence of the Master, for he shall reveal to thee the secrets of Keynes and there shalt thou solve the riddle of the Sphinx.

 

(the student steps out of the elevator into the third floor hall. He sees before him many doors, all with different names on them. He decides to investigate each one. First, he comes to:)

“John Maynard Keynes”

(he knocks. The door opens, and out steps an angel, wings, white sheet, and all. The angel says:)

‘He ain’t here; but you’ll meet him in the long run!’

(on to the next door:)

“Paul A. Samuelson”

(the door opens, and the chorus sings:)

THE KEYNESIAN SONG*
(to the tune “They Call me Little Buttercup”)

They call me a Keynesian, a Keynesian economist
That I can never deny
For I am a heretic, a classicist critic—
Bold little Keynesian, I.

I’ve equations and functions, and marginal assumptions
All here in my little kit bag.
I’ve tricky proposals for income disposals
All lest the economy sag.

To deficit spending and government lending
I give a hearty “Huzzah”.
I distrust automaticity despite its simplicity—
I doubt it would work at all.

For I am a Keynesian, a Keynesian economist
That I can never deny
For I’m a heretic, a classical critic—
Bold little Keynesian, I.

When faced with deflation or misallocation
I feel that the former is worse
I abominate waste with Ricardian distaste
But first things always come first.

And yet they deplore me, criticize and abhor me
For I am the standard straw man
But blows I don’t heed—Oh, I’ll stick to my credo
That a plan is a plan is a plan.

For I am a Keynesian, a Keynesian economist
That I can never deny
For I’m a heretic, a classical critic—
Bold little Keynesian, I.

 

“Robert Solow”

(scene, his classroom, where the students are singing:)

 

WE MUST BE RIGOROUS*
(to the tune of “The American Patrol”)

We must be rigorous,
We must be rigorous,
We must fulfill our role;
If we hesitate
Or equivocate,
We won’t achieve our goal.
We must investigate
Our system, complicated
To make our models whole;
Econometrics brings about
Statistical control.

Our esoteric seminars
Bring statisticians by the score.
But try to find economists
Who don’t think algebra a chore.
O, we must urge them all emphatically
To become inclined mathematically
So that all that we’ve developed, may
Someday be applied.

(repeat first 11 lines)

 

 

“Charles P. Kindleberger”

(the door opens, and we hear a voice say:)

Intuition is the basis
on which decisions should be made;
These are really the foundations
On which economics has been laid.

All that’s mathematical
Definitely is tabled;
Even the little diagrams
Never have been labeled.

Be careful, however
That you never neglect
The varied use
Of the Kindleberger effect.

Art or skill
or merely a quirk
This man’s intuition
Does the work.

 

 

“Robert L. Bishop”

(the door opens, and we find snow falling. The chorus is on a toboggan, singing:)

(to the tune of Jingle Bells)*

Maximize, maximize, that’s the crucial key;
Allocate resources by their productivity.
Equalize V.M.P.’s with their prices, and
Your production function is the finest in the land.

 

(voice) In the course of industrialization men have observed the alternating rises and falls of economic activity. And, lo, see what befell us:

“Walt W. Rostow”

(the voice continues:)

To shoot, or overshoot, ah, there’s the cycle;
Whether ‘tis nobler from underinvestment to suffer
Than to prolong the period of gestation
And, by consumption end it?

To history! No more of economics; and by the use of it
To end the confusion and million little theories
That economics left us;
That’s the solution we plan to introduce.

 

“E. Cary Brown”
(to the tune of “Deep in the Heart of Texas”)

(chorus)

To fill the gap
On the Keynesian map
We must again raise taxes;
The prices rise
If we don’t equalize
Savings, investment and taxes.

(solo)

Income grows
In ever rising flows
We must again raise taxes;
In government spends
There seem no ends
Up must go the taxes.

(solo)

dC/dY
Is all awry
We must raise those taxes
The propensity
It’s a calamity
Up must go those taxes.

(chorus)

The interest rate
Is out of date
So we must raise those taxes;
Though bonds recede
We must proceed
To raise again those taxes.

(solo)

The crystal balls
In the third floor halls
Say raise those taxes;
Or you will fret
And long regret
If you don’t raise those taxes.

(solo: and how!)

Flexibility
Cries the C.E.D.
Boys, raise those taxes
Says the N.A.M.
It’s all a sham
Don’t raise those taxes

(chorus)

But God and Keynes
Have the true refrains
Up must go the taxes;
At M.I.T.
We all agree
More savings and more taxes.

(by now, our student has traveled one-half the length of the hall. He approaches the other half, where a voice speaks:)

 

Friend; first year man; lend me your ear.
I come to convince you that industrial relations
Occupies a so much higher station
That economics—while ’t is good and fine
Must of necessity bow under our sign.
The evil that me do lives after them;
The good is oft interred within their books;
So let it be with economics.

We offer to show you the extent of cooperation
Between management and labor in every relation,
And prove to you that what’er your belief
Our unique methods will give either side full relief.

Economists, you know, often speak of productivity;
But that’s a matter of total relativity
Since our writers—Shultz, Myers, Coleman and Brown
Are the most productive in a many a college town.

 

“Charlie Myers”

(the door opens, and we see Myers writing vigorously and adding stacks of manuscripts to already huge piles labeled “To Prentice Hall,” “To McGraw-Hill,” and “Rejects—to Technology Press.” Secretary enters:)

Secretary: “Prof. Myers, here’s that book you asked me to write for you.”

Myers: “Good; don’t forget to start on that other one for me.”

(enter George Shultz carrying a manuscript)

Myers: “Hello, George. I see we’ve written another book. Mind if I look at it?”

Shultz: “Not at all, Charlie. I’ve already begun on the other one for us. You know, though, I think we’re getting a bit too abstract. We ought to go down to a level where it’s good and dirty.”

Myers: “In that case, let’s call in Joe Scanlon. Hey, Joe. Come here.”

(the chorus enters, dressed as bums; they sing:)

THE JOE SCANLON SONG
(to the tune of “Union Maid”)

There once was a bright young man
Who thought he had a plan
He studied cost
And jobs he lost
His name is Joe Scanlan

He soon met a man named Phil
Whose work gave him a thrill
He organized and compromised
He always fought up-hill.

This made of him a wreck
And so he came to Tech.
He sells his plan
To all the clan;
You ought to see his check.

CHORUS:
O you can’t scare us, we’re sticking with Scanlon,
Sticking with Scanlon, sticking with Scanlon;
Oh you can’t scare us, we’re sticking with Scanlon,
Sticking with Scanlon, until we die.

 

When the bosses have no dough
They always call for Joe;
They shed their tears
And buy him beers
And up their profits go—

(repeat CHORUS)

 

(as the final chorus ends, the door opens, and we see a body on the table)

Bishop: “What’s the matter with him, Morrie Adelman?”

Adelman: “He’s just been brought in; he’s suffering from a severe case of elephantiasis.”

Bishop: “Oh, don’t worry; I’ve got a classical solution. It contains some of Euler’s serum.” (pull up a jug so labeled and apply to patient’s arm)

Adelman: “Well, what do you expect that to accomplish?”

Bishop: “It’ll create perfect competition among the disease germs. What could be better?”

Adelman: (pause) “Well, I don’t see him recovering.”

Bishop: “But it’s not a pure case. Perhaps we should call in Dr. D. V. Brown. He’s had medical experience. (enter D.V.B.)

Brown: “Hi-ja.” (looks at body, and shows surprise) “My goodness, Charlie! I always knew he’s work too hard.” (looks at body more closely) “Looks to me like an impure case of oligopoly.”

Adelman: “O-o-o-oh! Let me see!” (goes over to feel arm) “No, there’s no concentration here. But even if there were, there’s really no harm in it.”

Brown: “Well, I’d like to stay, but I have to dash off to a court case.”

 

COURT SCENE

Judge: “The court is now in session. Bring in the first case.”

Prosecutor: “Your honor, this man is accused of attempting to overthrow the neo-classical Chicago School.”

Judge: “What’s your name?”

Coleman: “Sir, my name is Jack Coleman.”

Judge: “Prosecutor, define more explicitly what the charge is against this man.”

Prosecutor: “This man is presently collaborating with a well-known group of collectivists.”

Judge: “What proof have you of this?”

Prosecutor: “I have here my star witness.”

Judge: “What is your name?”

Buckley: “Your honor, sir, my name is Ludwig von Buckley.”

Judge: “Speak.”

Buckley: “I have here a book written by Paul A. Samuelson, and it says here on page.–., Oh, well, let’s not bother with the page number now. It says: “…know…conclusively…that…Karl Marx…is…(turn pages back towards front)…correct.”

Judge: “Speak no more. Any man collaborating with the author of such a book must be guilty of attempting to overthrow the Chicago School. I hereby sentence you to six months of solitary confinement, with a copy of Hazlitt’s “Economics in One Lesson.” Next case.”

(Coleman leaves; enter Herb Shepard)

Prosecutor: “Your honor, this man is accused of playing marbles with the fabulous Alex Bavelas.”

Judge: “What is your name?” (say it aggressively)

Shepard: “Say, you’re unusually aggressive today. Has your wife stopped beating you? How’s your libido?”

Judge: “Now that you mention it, I have been feeling rather despondent.”

Shepard: “Judge, I’m a Freud…you’re tending toward a psycho-social orientation that no longer promotes an optimization of gratification.”

Judge: “Noooooo—I’m too JUNG to die!….But what am I saying! Herbert Shepard, for this circumlocutionist behavior, I hereby sentence you to the marble pits in ex-communication.”

 

(the student next comes to a door marked “reserved for Chicago U. delegates to the A.E.A. Convention.” He knocks, the door opens, and he hears:)

 

HIS RULES GO MARCHING ON*
(to the tune of the Battle Hymn of Republic)

If you want to pass your prelims
You must listen now to me;
You must learn your catechism
If you want to get your ‘B’
They have flunked the finest people
The department ever had
And they never said ‘too bad.’

CHORUS:

Stick, stick, stick with Henry Simons;
Henry is the man to see you through;
He’s the most consistent [man]
With an economic plan;
His rules go marching on.

 

He would nationalize the railroads,
He would atomize the firm,
He would then repeal the tariff
And the “E” bonds he would burn;
He would cleanse the banking system
Of the Federal Reserve;
His rules go marching on.

[Repeat] CHORUS:

He is the man who’d fix up
The progressive income tax;
He would fill in every item that
The present structure lacks;
He’d repeal the excise levies
And forget the margarine tax;
His rules go marching on.

[Repeat] CHORUS:

 

(by now the student will have reached the end of the hall; but questions linger in his mind. He wonders how the student takes all this. And as if in answer, he hears this song between students and faculty:* (to the tune of the ‘Sergeant’s Song’ from the Pirate[s] of Penzance)

Grad Students:

From nine around to nine—Tarantara! tarantara!
We remain in that salt mine—Tarantara!
-Our eyes are growing dim–Tarantara! tarantara!
Our hair is getting thin—Tarantara!
As we while away our youth—Tarantara! tarantara!
In sedate pursuit of Truth—Tarantara!!
Searching stacks and aching backs,
Third degree for a PhD—Tarantara! tarantara! tarantara!

 

Faculty: (to the tune of “Mabel’s Song” from the Pirate[s] of Penzance)

Go, you students, you’ll not be sorry.
You’ll contribute to MY great story.
You shall live in footnote glory.
Go to immortality!

Go to work and hold off suicide,
For if your work with our needs coincide,
Our reluctance to grant degrees we’ll override.
Go, you heroes, go and work!

 

(finally, as our student reaches the end of his journey, he meet the one ‘older and wiser than thou’, and listens as he tells of the ‘impending doom’.)

Twas the night before Orals
When all through the room
A feeling forecast
The impending doom.
The facts were placed
In each head with care
In hopes that when needed
They’d surely be there.
The victims then nestled
All snug in their beds
While visions of cost curves
Danced in their heads.
I soon fell asleep
And began to dream
I sat in a room
All filled with steam.
When out in the yard
There arose such a clatter
I sprang from the chair
To see what was the matter.
Over to the window
I flew like a flash
Tore open the shutters
And threw up the sash.
When what to my wondering
Eyes there appears
A miniature sleigh
And eight tiny examineers.
Instead of the four
They usually required
They sent me four more
If the others got tired.
As I drew in my head
And was turning around
In through the window
They came with a bound.
They were dressed all in black
From their head to the toe;
Whose funeral, I asked,
Someone I know?
A wink of their eyes,
A twist of each head
Soon gave me to know
I had plenty to dread.
They spoke not a word
But went straight to their work
Of filling the blackboards
Then turned to the jerk.
The questions commenced
Like machine gun fire;
I couldn’t keep straight
The seller from buyer.
Now sir, please listen
One of them said
Try to imagine
All this in your head.
Nansen and Johansen
Have only one sled;
They’re at the North pole
And have not bread.
Suddenly there appears
A giant Tartar
Coming from Siberia
Looking to barter.
They can bake some bread
At increasing cost
Yet without a compass
They’ll certainly be lost.
He has a compass
And they have bread
And without exchange
They all will be dead.
They started to bargain
Until he did tell you
That the Russians decided
The ruble to devalue.
Only Sterling is recognized,
So they start to bake
Instead of the bread
A large pound cake.
Then suddenly Nansen
Thought to remember
That neither of them
Was a union member.
Closed shops were enforceable
As a matter of fact
For this was before
The Taft-Hartley Act.
They went ahead anyway,
They didn’t give a hoot;
It was so cold
They needed a union suit.
Before they acted
Or did anything drastic
They examined their demand curve
To see if it was elastic.
Their cost curve was unknown–
It had never been seen;
How lucky they were
That Nansen was really Joel Dean.
Their consumption function told them
Just how to behave;
They knew what to consume
And how much to save.
Please consider the theories
of Tibor Scitovsky
And the two fisted cowboy
two-gun Baranowsky.
If you remember these facts
And keep them in mind,
The right answer, I know
You certainly should find.
I shivered and shook,
In the chair I did writhe;
Now the question, they said
Who was Adam Smythe?
The leader then yelled
For a decision it’s time;
This man has suffered,
He has paid for his crime.
And laying a finger
Aside of his nose
Out of the window
All eight of them goes.
It was the leader then
That I heard exclaim
As he shouted and whistled,
And called them by name:
Now Myers, now Bishop
Now Shultz and C.P.K.
On Coleman, on Solow,
Let’s now dash and dash away.
They sprang to their sleigh
And away they flew
Like they were speeding
To another rendezvous.
Although some details
Of this horrible nightmare
Still seem a bit hazy
I certainly would swear,
Before I awoke
I heard them say
Merry Christmas to all,
And to all a good day.

 

EPILOGUE

As disproved by classical economics
All good things much reach an end;
And so we must leave our attempt at comics,
Hoping we’ve pleased both foe and friend.

‘Tis true enough that our little parody
Has given economics unusual clarity,
And that our writers if circumstances permit it
Will prefer to have their names omitted.

So then, since ours must be the last say,
a real Merry Christmas from the G.E.A.

 

Source: Duke University. David M. Rubenstein Rare Book & Manuscript Library. Economists’ Papers Archive. Robert M. Solow Papers, Box 83, Folders “Economic Skit Parties”.

Image: Cover art from “God and Keynes at M.I.T.” December 15, 1951. Ibid.

 

Categories
Exam Questions Harvard

Harvard. Theory of Monopolistic Competition, Final Examinations. Chamberlin, 1936-37

 

Having recently published his magnum opus in 1933, Harvard economist Edward H. Chamberlin taught a one semester graduate economic theory course devoted to the theory of monopolistic competition three successive years (1935/6 through 1937/8) before going on to teach the core graduate theory course. In the Harvard archives I have been able to find copies of the final examination questions for the first two years which along with course enrollment data are transcribed below.

Chamberlin, Edward Hastings. The Theory of Monopolistic Competition–A Re-orientation of the Theory of Value. Cambridge, Massachusetts: Harvard University Press, 1933.

_____________________________

Course Announcement
1935-36

Economics 12 1hf. Monopolistic Competition and Allied Problems in Value Theory

Half-course (first half-year). Tu., Th., at 3, and a third hour to be arranged
Associate Professor Chamberlin

 

Source: Harvard University. Announcement of the Course of Instruction offered by the Faculty of Arts and Sciences for the Academic Year 1935-36 (Second Edition), p. 139.

_____________________________

Course Enrollment
1935-36

[Economics] 12 1hf. Associate Professor Chamberlin.—Monopolistic Competition and Allied Problems in Value Theory.

Total 8: 8 Graduates.

 

Source: Harvard University. Report of the President of Harvard College and Reports of Departments for 1935-1936, p. 83.

_____________________________

1935-36
HARVARD UNIVERSITY

ECONOMICS 121
[Final exam]

Answer either four or five questions.

  1. Discuss the influence of the number of producers in an industry upon the elasticity of demand for the product of the individual firm.
  2. Discuss the difficulties inherent in the concept of a “group equilibrium.” In what degree do you regard the concept as valid? useful?
  3. Discuss either (a) excess capacity, or (b) “product” variation under imperfect knowledge.
  4. Discuss alternative methods of treating selling costs, giving your preference and the reasons for it.
  5. In what respects do the theories of monopolistic and imperfect competition alter the case both for and against interfering with the “free play of competitive forces,” as developed by traditional economic theory?

Mid-Year. 1936.

 

Source: Harvard University Archives. Examination Papers Finals, 1936 (HUC 7000.28 vol. 78 of 284)

_____________________________

Course Enrollment
1936-37

[Economics] 102a 1hf. (formery 12). Associate Professor Chamberlin.—Monopolistic Competition and Allied Problems in Value Theory.

Total 6: 4 Graduates, 1 Senior, 1 Radcliffe.

 

Source: Harvard University. Report of the President of Harvard College and Reports of Departments for 1936-1937, p. 93.

_____________________________

1936-37
HARVARD UNIVERSITY

ECONOMICS 102a1
[Final exam]

  1. Discuss the question of “free entry” into an industry and its significance for the theory of monopolistic competition.
  2. “The problem of the individual demand curve bears on the questions whether we can discuss the competitive position of an isolated firm at all; a demand curve of a single firm is drawn, which presupposes that the other firms do not change their supply, or change it in a distinct way…Must we not make it clear that such a curve is valid only for a short interval?” Discuss.
  3. To what extent do you regard the standardization of products as a remedy for the ignorance of buyers as to their qualities? Discuss briefly any other remedies you might wish to propose.
  4. “The production cost curve and the selling cost curve are really nothing more than alternative techniques for treating what is essentially the same problem.” Discuss.
  5. “Value productivity, and nothing but value productivity, is what matters in distribution theory.” Discuss.
  6. Discuss one of the following:
    1. Monopsony.
    2. Monopolistic competition and the theory of profits.
    3. Monopolistic competition and the business cycle.
    4. The definition of a “commodity.” 

Final. 1937. 

Source: Harvard University Archives. Examination Papers Finals, 1937 (HUC 7000.28 vol. 79 of 284)

_____________________________

Course Enrollment
1937-38

[Economics] 102a 1hf. (formerly 12). Professor Chamberlin.—Monopolistic Competition and Allied Problems in Value Theory.

Total 6: 2 Graduates, 2 School of Public Administration, 1 Radcliffe.

 

Source: Harvard University. Report of the President of Harvard College and Reports of Departments for 1937-1938, p. 86.

_____________________________

1937-38
HARVARD UNIVERSITY

ECONOMICS 102a1
[Final exam]

[Not (yet) found.]

 

Image Source: Edward H. Chamberlin from the Harvard Class Album, 1939.

Categories
Chicago Economist Market Economists

Chicago. Marschak on potential hires for department, 1946

 

In his magnificent article about the departmental politics behind the appointment of Milton Friedman at the University of Chicago in 1946, David Mitch refers in passing to a February 1946 memo written to the Chancellor and President of the University by Vice-President Rueben G. Gustavson in which the Vice-President reports on a discussion he had with Jacob Marschak about various economists being considered for appointment.

Mitch’s online Appendix to his article provides an excellent selection of archival artifacts to which the transcription of the Gustavson memo below may be added. In this memo it looks like we are observing active lobbying (at least providing his “spin”) on Marschak’s part rather than a senior faculty member summoned by an administrator to provide deep background on prospective hires.

It is worth noting that the names of five future Nobel prize winners in economics can be found in a single 1946 memo. It is also interesting that the last two candidates mentioned in the memo, namely Lloyd Metzler and Milton Friedman, were the only two to turn out to become permanent acquisitions of the department.

 

See: David Mitch, “A Year of Transition: Faculty Recruiting at Chicago in 1946,” Journal of Political Economy 124, no. 6 (December 2016): 1714-1734. [working paper version (ungated)]

__________________________________

Biographical Note of Rueben Gilbert Gustavson

Rueben Gilbert Gustavson was born (April 6, 1892-February 24, 1974) to Swedish immigrants James and Hildegard Gustavson. As a young man Gustavson developed a strong belief in moral responsibility to others. After a childhood injury made following in his father’s footsteps as a carpenter impossible he attended high school where he excelled in his studies. In deference to his father’s wish he learn practical skills Gustavson took courses in typing and stenography. These classes enabled Reuben to gain employment with Colorado and Southern Railroad where he became secretary to the auditor. The monies Gustavson earned working at the railroad enabled him to enroll in at the University of Denver, DU. After obtaining his bachelor’s degree DU Gustavson decided to pursue a master’s degree in chemistry. He received his MS in chemistry in 1917 and briefly became a chemist at the Great Western Sugar Company. He accepted an offer to teach at the Colorado Agricultural College in Fort Collins but became disillusioned when told that as a professor he could not teach and conduct research. Gustavson returned to DU where he remained for the next seventeen years. During that time he spent summer breaks working toward his PhD at the University of Chicago. Initially, specializing in radioactivity the loss of his advisor enabled him to change to biochemistry. Gustavson received his PhD in 1925 and taught at the University of Chicago during the 1929-30 academic year. A disagreement over what Gustavson felt were unethical practices involving student athletes led to him leaving DU. University of Colorado President, George Norlin, invited Gustavson to join the faculty as a professor of chemistry. He was appointed chairman of the chemistry department and remained in that position from 1937-42. In 1942 the Dean of the Graduate School became ill and Gustavson was chosen as a temporary replacement but when the dean died the position became permanent. Now involved in the academic administration of the university Gustavson was chosen to substitute for the new president of the University of Colorado, Robert L. Stearns, during World War II. Stearns was commissioned as an officer in the Army Air Corps. Gustavson accepted the position with the understanding that Stearns would resume the presidency when he returned. After the war Gustavson became the Vice President and Dean of Faculties at the University of Chicago for a short time in 1945-46. During Gustavson’s time at the University of Chicago he worked with Enrico Fermi and Edward Teller on the atomic bomb project. The destruction of Hiroshima and Nagasaki convinced Gustavson the only hope for human survival was the promotion of peace through education that taught appreciation of other peoples and cultures. In 1946 Gustavson moved to the University of Nebraska where he remained as Chancellor until 1953. After leaving the University of Nebraska Gustavson became the first president of Resources for the Future where he served from 1953-1959. An outgrowth of his work on the atomic bomb project this organization conducted economic research and analysis to help craft better policies on the use and preservation of natural resources. Gustavson then resumed teaching at the University of Arizona and was a member of the chemistry department from 1960 until his death in 1974.

Source: John Patrick McSweeney. The Chancellorship of Reuben G. Gustavson at the University of Nebraska, 1946-1953. Lincoln: Digital Commons @ University of Nebraska, 1971.

__________________________________

Gustavson Memorandum of Discussion with Jacob Marshak

THE UNIVERSITY OF CHICAGO

Date February 19, 1946

To:     RMH [Robert Maynard Hutchins, President of the University of Chicago (1929-45); Chancellor (1945-51)]; ECC [Ernest Cadman Colwell, President of the University of Chicago (1945-51)]
From: RGG [Reuben G. Gustavson, Vice-President of the University of Chicago (1945-1946)]

Professor Marschak came in to talk to me about possible recommendations for men in the Department of Economics. He discussed the following:

  1. John Hicks of London. He is now at Oxford but is coming to this country. He is about forty years of age. He is quite well known, especially for his book called the “Brainwork of Social Economy.” [sic, The Social Framework: An Introduction to Economics] This book is now being used in the College.
  2. Paul Samuelson is a much younger man than Hicks. He is now an associate professor at M.I.T. He is known for his work in the general theory of disequilibrium.
  3. Arthur Smithies is professor at the University of Michigan. He is now in the Bureau of the Budget at Washington. Marschak describes him as a man who is concerned with economic policies. He takes the empirical approach to the study of economics.

Marschak states that Mr. Hicks is also a good man in local finance [Hicks’ wife, Ursula Hicks, probably mentioned by Marschak]. He says also that T. Koopmans, Research Associate with the Cowles Commission, who has been recommended for an associate professorship, is a very fine man. He is in mathematical statistics. He speaks highly of Lionel Robbins of the London School. Marschak says he is an all-around personality. He has been of great service to the English government during the war.

He thinks very highly of Lloyd Metzler. He was an instructor at Harvard. He as applied the modern methods of Samuelson to international trade.

Professor Marschak also thinks very highly of Milton Friedman, who is a graduate of the University of Chicago.

I shall discuss all these men with Schultz.

 

Source: University of Chicago Library, Department of Special Collections. Office of the President. Hutchins Administration. Records. Box 284, Folder “Economics, 1943-1947”.

 

Image Source: Reuben G. Gustavson from University of Chicago Photographic Archive, apf1-06588, Special Collections Research Center, University of Chicago Library.

Categories
Chicago Economics Programs Economist Market Economists NYU

Chicago. Chester Wright recounts J. Laurence Laughlin to Alfred Bornmann in 1939

 

 

In 1939 a NYU graduate student, Alfred H. Bornemann, wrote to the University of Chicago economic historian Chester W. Wright requesting any of the latter’s personal memories of the first head of the Chicago Department of Political Economy, J. Laurence Laughlin. Bornemann’s letter and Wright’ response are transcribed below. Results from Bornemann’s project were published in 1940 as J. Laurence Laughlin: Chapters in the Career of an Economist. I have added Bornemann’s AEA membership data from 1948 and his New York Times obituary to round out the post.

Reading Wright’s letter it is easy to convince oneself that any oral history interview is more likely to extract something from a witness than is an open-ended request for a written statement. Still, an artifact is an artifact and Wright’s response is now entered into the digital record.

________________________________

1948 Listing in the AEA Membership Roll

BORNEMANN, Alfred H., 1618 Jefferson Ave., Brooklyn 27, N. Y. (1939). Long Island Univ., teach., res.; b. 1908; B.A., 1933, M.A., 1937, Ph.D., 1941, New York. Fields 7 [Money and Banking; Short-term Credit; Consumer Finance], 6 [Business Fluctuations].

Source:   “Alphabetical List of Members (as of June 15, 1948).” The American Economic Review 39, no. 1 (1949): 1-208. .p. 20.

________________________________

Alfred Bornemann, 82, Economist and Author
New York Times Obituary of May 3, 1991

Alfred H. Bornemann, an economist who taught at several colleges and who wrote extensively on economics, died on Friday at his home in Englewood, N.J. He was 82 years old.

He died of liver and colon cancer, his family said.

Dr. Bornemann was a professor at Norwich University and chairman of its department of economics and businness administration from 1951 to 1958. He taught at C. W. Post College of Long Island University from 1960 to 1966 and at Hunter and Kingsborough Colleges of the City University of New York from 1967 to 1974.

He wrote, among other books, “Fundamentals of Industrial Management,” published in 1963; “Essentials of Purchasing” (1974) and “Fifty Years of Ideology: A Selective Survey of Academic Economics” (1981).

Dr. Bornemann was born in Queens and received bachelor’s, master’s and doctoral degrees from New York University. He was an accountant with Cities Service and with the American Water Works and Electric Company before beginning his teaching career at N.Y.U. in 1940.

He is survived by his wife, the former Bertha Kohl; a son, Alfred R., of Bayonne, N.J., and a brother, Edwin, of Liberty, N.Y.

Source: New York Times Obituaries, May 3, 1991.

________________________________

Bornemann’s book and doctoral thesis about J. Laurence Laughlin

Alfred Bornemann. J. Laurence Laughlin: Chapters in the Career of an Economist. Introduction by Leon C. Marshall. (Washington,: American Council on Public Affairs,1940).

Chief sources: Agatha Laughlin’s recollections of her father; Letters from numerous colleagues and students; Laughlin papers in the University of Chicago and in the Library of Congress. His 300 odd books and articles published, 1876-1933.

Source: FRASER. Committee on the History of the Federal Reserve System. Biographies, Memoirs, Personal Reminiscences: American: U. Economists (Date 1956).

Downloadable doctoral thesis

Bornemann’s 1940 NYU PhD thesis (degree awarded in 1941) on J. Laurence Laughlin. 420 typewritten leaves (LOC: LD3907/.G7/1941/.B6). Downloadable pdf copy of the dissertation for libraries with access to ProQuest Dissertations & Theses Global!

________________________________

Handwritten letter from Alfred Borneman to Chester W. Wright requesting personal observations of J. L. Laughlin and the Department of Political Economy of the University of Chicago

1618 Jefferson Ave.,
Brooklyn, NY.
Jan 12, 1939.

Professor C. W. Wright,
University of Chicago,
Chicago, Illinois.

Dear Professor Wright,

I am writing a thesis on J. Laurence Laughlin, as I believe Professor Mayer has already told you. What I am trying to do, among other things, is to write a chapter on “Faculty, Fellows and Students” in Laughlin’s Department at Chicago. In this chapter, I hope to tell as much as I can about the background in the Department and about the men connected with it.

As I understand it, you were appointed instructor in 1907, assistant professor in 1910, and associate professor in 1913. Can you tell me anything of interest in connection with your original appointment, that is, where you were teaching and where you got the Ph.D.? Marshall, I think, was also appointed in 1907, but even though he did not have the Ph.D. he was made a professor in 1911. Can you suggest the reason for his more rapid advancement?

On the other hand, I may suggest that apparently you and Marshall and Field were the first to be advanced so rapidly. In any event you seem to have been advanced more rapidly than Veblen and Hoxie. It is possible that in the early days he had a different attitude.

Of course there is so much which you experience under Laughlin that would be of value to me to know about that I scarcely know how to ask you anything. Alvin Johnson has suggested that Laughlin was a neurotic and he would explain him in psychological terms, which, of course, I shall not do. But his characterization may suggest some thoughts to your mind. Moulton, incidentally, says Johnson could never have known Laughlin well enough to arrive at his conclusion, because Laughlin had few intimate friends.

I do not know, of course, how much interest you had in Laughlin’s public work or his theories, so that what I am asking you largely concerns his Department. If you care to give me any observations with respect to these two phases, however, I should naturally greatly appreciate your doing so.

But I believe you could give me most invaluable information by your recollections of your years under Laughlin and how he saw the Department, as well as possibly some of the background.

For anything which you can find the time to tell me I shall be grateful.

Cordially yours,

Alfred Borneman

 

Carbon copy of Chester W. Wright’s reply to Alfred Borneman

February 27, 1939

Mr. Alfred Borneman
1618 Jefferson Avenue
Brooklyn, New York

My dear Mr. Borneman:

I am sorry to have been so long in replying to your inquiry, but have been very rushed the last few weeks and assumed there was no need for an immediate answer.

I presume Professor Laughlin’s attention was called to me by the staff at Harvard as it seems to have been his policy to make inquiries there when he had positions to be filled. I received my Ph.D. degree at Harvard in 1906 and during the following year taught at Cornell University. It was while I was there that I received a request from Professor Laughlin to meet him for an interview in Philadelphia, following which he offered me the appointment at Chicago which I decided to accept.

Professor Marshall came to Chicago at the same time. As I recollect, he had been teaching at Ohio Wesleyan for several years after completing two or three years of graduate work at Harvard, though he did not remain there to write a thesis and get his Ph.D. degree. Since he was recognized as an excellent teacher and very competent in administrative work, the fact that he did not have a Ph.D. degree was never considered an obstacle to his promotion any more that in the case of J. A. Field, who only held a Bachelor’s degree. I presume the explanation for the more rapid advancement of the men who came to the Department at Chicago about this time is that they proved to be more of the type in whom Laughlin had confidence. President Judson, I believe, had unusual confidence in Laughlin, so the latter was able to get his recommendations approved.

Of the men already in the Department when I came, Cummings and Hill were not conspicuous successes either as teachers or productive scholars. I suspect there was no pressure either to promote them or to keep them when they had chances to go elsewhere. Just why Davenport left, I never knew. Hoxie was eventually made a full professor on the strength of his recognized success as a teacher and a student of labor problems despite views on these problems which must have seemed rather questionable to one of Laughlin’s conservatism.

Professor Laughlin was very much a gentleman of the old school and placed considerable emphasis on what he called “a sense of form.” Possibly the fact that he thought the men coming into the Department about my time and later had more of this sense of form may have been a factor in their advancement. It has never occurred to me that Laughlin was of the neurotic type, though Hoxie was.

As Laughlin’s theoretical and public work was entirely outside of my field of special interest, I cannot very profitably discuss it.

In his conduct of the Department, I had no feeling that he was autocratic or unreasonable. My recollection is that most matters of general interest were discussed among the members of the Department and commonly acted upon as decided by the group. I suspect that this may have been more generally the case after about the time I came to the Department here than it had been formerly, but I have no definite knowledge on this point.

Sincerely yours,

Chester W. Wright

CWW-W

Source: University of Chicago Archives. Department of Economics, Records. Box 41, Folder 12.

Image Source:  Dr. Alfred Bornemann in C. W. Post College Yearbook, 1966.

Categories
Columbia Economists Exam Questions Pennsylvania

Columbia. Economics Ph.D. alumnus, 1905. Enoch M. Banks, Academic Freedom Poster Child, 1911

 

During a random check of my John Bates Clark files, I came across a final examination for a course “Economics 161” with the handwritten note:  “E. M. Banks, Penn”. I figured this was a sign from Clio that I should check for that course at the University of Pennsylvania and find anything more about E. M. Banks. The first issue was resolved quickly upon consulting a copy of the University of Pennsylvania catalogue for 1905-06 where it was easy to verify that the introductory economics course was indeed taught by Enoch Marvin Banks, Ph.D. and that the textbook for the course was Henry Rogers Seager’s Introduction to Economics (New York: Henry Holt, 1904). The second term examination for the course has been transcribed and posted below.

Once I found the unique name of Enoch Marvin Banks, it was easy to find a copy of his Columbia Ph.D. thesis at archive.org, The Economics of Land Tenure in Georgia [Ph.D. thesis in the Faculty of Political Science, Columbia University, published as in Studies in History, Economics and Public Law. Vol. XXIII, No. 1, 1905]. This once-in-a-universe name also made it simple for a Google search to lead me to his papers at Emory University where a short biography was to be found and a link to his obituary in the national publication of his Alpha Tau Omega fraternity (both provided below). It was then that I discovered that this Columbia Ph.D. economics alumnus deserves a star on a memorial wall for academic freedom in the United States. 

Given the competing political interpretations of having statues/memorials for Confederate leaders and generals in the United States today, I thought it appropriate to provide Banks’ article “A Semi-Centennial View of Secession” with its “shocking” thesis: “Viewing the great civil conflict…in the light of these principles and in the light of a broad historical philosophy, we are led irresistibly to the conclusion that the North was relatively in the right, while the South was relatively in the wrong. ” 

For much more about the reception and reactionary blowback to Banks’ article, see  Fred Arthur Bailey Free speech at the University of Florida: The Enoch Marvin Banks Case. The Florida Historical Quarterly, Vol. 71, No. 1 (Jul., 1992), pp. 1-17.

_________________________

Enoch M. Banks , Obituary
The Alpha Tau Omega Palm
March 1912

Enoch Marvin Banks, well known throughout the South as a writer on economics and history, died last night at the home of L. P. Bradley, after an illness of several months, and was buried today in Newnan. He was unmarried, and is survived by his mother and several brothers and sisters.

Professor Banks was born November 28, 1877, and would have been 34 years of age next week. He was a student at Emory College, Oxford, Ga., receiving his A. B. degree in 1897, and A. M. in 1900; studied at Columbia University for several years and was a graduate student of Economics, Sociology and History; acting professor of History and Economics at Emory College, 1902-03; fellow in Economics at Columbia University, 1904-05; received degree of Doctor of Philosophy at Columbia University, June, 1905; instructor in Economics. University of Pennsylvania, 1905-06; studied in Germany, 1906-07; professor of History and Economics, University of Florida, 1907-11. He was made a member of American Economic Association in 1902; a member of the American

Academy of Political and Social Science, 1906, and a member of Academy of Political Science, New York, 1910.

Among his most important published writings were the following: “The Passing of the Old South,” “The Labor Supply and the Labor Problems in the South,” “A Semi-Centennial View of Secession,” “A Plea for Educational Freedom and a Liberated Intellectual Life,” “The New Point of View in the New South.” — Atlanta Constitution, November 24, 1911.

 

Source:   The Alpha Tau Omega Palm Vol. 32, No. 1 (March, 1912), p. 144.

_________________________

Biographical note from Enoch Marvin Banks Papers at Emory University

“Enoch Marvin Banks (1877-1911), an Emory graduate and Professor of Southern Economics and History, was born in Newnan, Georgia. After briefly teaching at Emory and receiving his PhD from Columbia University, Banks began a professional career that included professorships at the University of Pennsylvania (1903-1906) and the University of Florida (1907-1911). Among his most important published works on the South’s economy was is “A Semi-Centennial View of Secession,” published in The Independent in February 1911 [pp. 299-303]. The article, which claimed that the South should admit wrongdoing for its past efforts to secede from the Union caused many Confederate societies to quickly call for Banks’ resignation from the University of Florida. Banks ultimately complied, writing a letter of resignation to the University, who accepted despite fears that they would be accused of denying free speech. After his resignation, Banks returned to Newnan, where he died only months later.”

 

Source: Finding Aide to Enoch Marvin Banks Papers, 1903-1911. Emory University, Stuart A. Rose Manuscript, Archives, and Rare Book Library (Atlanta, GA).

_________________________

 From the University of Pennsylvania Catalogue, 1905-06

 

  • Enoch Marvin Banks, Ph.D., Instructor of Economics
  • Economics 161.—Introduction. Seager’s Economics, lectures and special reports.
  • Economics 161 (2 hours, both terms) [Instructors listed:]   Banks and Howard

Source: From the Catalogue of the University of Pennsylvania, 1905-06.

_________________________

[Handwritten note:] E. M. Banks, Penn.

EXAMINATION IN ECONOMICS—161.
Second Term 1905-06.

  1. (1) State four theories of wages. (2) What effect on wages has each of the following (a) Increase of population, (b) increase of capital, (c) improvements in the methods of production. (3) Explain the real meaning of “cheap labor.” (4) Have wages tended up or down in the last fifty years—explain the tendency.
  2. (1) What determines the general rate of interest? (2) In what ways, if any, is the general rate of interest affected by (a) an inflated state of the currency, (b) an inflation of the currency? (3) Is the general rate of interest tending up or down—explain.
  3. (1) Explain the nature and chief source of competitive profits. (2) Why are they temporary and permanent at the same time? (3) What effect in the long run do such profits have on wages and interest?
  4. (1) Explain the principle of monopoly prices as compared with that of competitive prices. (2) What methods do trusts often employ in ousting their competitors? (3) Do consumers get substantial benefits from the trusts? If not, why not, and how may they do so?
  5. On what grounds did Henry George advocate the single tax? Criticise those grounds.
  6. (1) Why must a country normally import as much goods (in value) as it exports? (2) Explain England’s excess of imports and our excess of exports. (3) Give the strongest economic argument for protection. (4) Discuss the effect of protection on wages.

 

Source: Columbia University Archives. John Bates Clark Papers, Box 9, Folder 1 (Administrative Records and Course Materials, undated). Series II.4.

_________________________

A Semi-Centennial View of Secession
BY ENOCH MARVIN BANKS, Ph.D.

[The semi-centennial of Abraham Lincoln’s accession to the Presidency is also that of secession. The author of the following article is Professor of History and Economics in the University of Florida. He was born in Georgia in 1877, was graduated from Emory College, and has always lived in the South, except for the few years when he was studying at Columbia University and the University of Pennsylvania. He has frequently contributed articles to the magazines and reviews on Southern topics. — Editor.]

FIFTY years ago Abraham Lincoln was elected to the Presidency of the United States and secession was precipitated in the State of South Carolina. Before the inauguration of Lincoln six other Southern States had followed the example of South Carolina in passing secession ordinances and had co-operated with that State in forming a confederacy, with its temporary seat of government at Montgomery. Lincoln, upon assuming the duties of President, pronounced as distinctly in favor of the integrity of the Union as the seceding States had pronounced in favor of its dissolution. Since the two governments were thus holding and acting upon contradictory theories of the situation, it was inevitable that a clash should soon occur unless one side or the other should modify or surrender its position. The clash did occur, as is so well known, at Fort Sumter, when, upon the refusal of the National Government to evacuate, the fort was bombarded and reduced by order of the Confederate Government, Lincoln immediately issued a call for 75,000 volunteers, four other Southern States, rather than aid in a policy of coercion, joined the Confederacy, and thus was inaugurated the great and tragic civil struggle in American history.

Since the South was the prime mover in those stirring events, it seems a fitting thing for a Southerner who belongs to an entirely new generation and who has abounding faith in his section’s future as well as in his country’s destiny to write a short semi-centennial view of that movement, in the hope of being able to estimate in the calm light of history the wisdom of secession and the meaning of the great conflict which its trial precipitated. In a certain sense, to be sure, the wisdom of secession was tested and found wanting in the war itself; but there are those who urge that superiority of resources and numbers may triumph for a season over what is right and best in principle. Again, the writer is, of course, aware that historians from other sections of the country and from other parts of the world have passed judgment upon the Southern movement of the sixties, and their judgment has been on the whole unfavorable to its wisdom and righteousness. On the other hand, the people of the South have very naturally been inclined to repudiate such interpretations as arising from sectional prejudice or foreign ignorance, and while acquiescing in the results of the war, they instinctively feel that their fathers and grandfathers were willing to make the tremendous sacrifices that were actually made only in behalf of a righteous and altogether splendid cause.

To be sure, it is not the purpose of this paper to effect a direct alteration of this Southern conviction, since such pervasive popular convictions do not usually undergo great modification at the instance of a slight magazine article. Nevertheless, such an article may serve the purpose of showing that conditions are changing, and that the South is becoming more tolerant of a free discussion of its past and present policies. It is well known that this section is undergoing a remarkable expansion of industry and commerce and is greatly enlarging its educational facilities, and is thus paving the way for a liberated intellectual life. This new spirit of liberality toward opposing views when exprest with sincerity and befitting decorum is perhaps the greatest incipient triumph of the twentieth century South. Such a spirit is doing much toward making the section an integral part of the nation, and it will do more as the years go by toward making it, in hearty union and co-operation with other parts of a great nation, an important factor in the advancement of world civilization. A free estimate of our past and a frank realization and acknowledgment of its errors, where errors are found, will place us in position to assume the responsible duties that lie in the immediate and more distant future. In such a spirit of intellectual integrity and freedom this article is written.

Large movements in history usually involve some important principle of government, or liberty, or economics, or religion, or what not, and the triumph or defeat of the principle or principles, for there may be more than one, gives meaning to the movement. These larger aspects of a struggle are, of course, not always distinctly envisaged by those who take part in the struggle, since such participants are oftentimes impelled by more immediate interests and passions, and it is only with the passing of years that the real significance of the movement in relation to human progress is generally seen, tho, to be sure, there are usually some leaders who are gifted with a larger vision and foresee more or less distinctly the meaning of the movement they are directing.

It requires no very acute powers of analysis to see — and indeed it is generally recognized by students of American history — that two large principles were involved in secession and the Civil War. One was a question of political science and concerned the nature of our union. The war itself was prosecuted with avowed reference to this principle, the South taking one attitude toward it and the North taking the opposite attitude. The other question was antecedent to this, in that it operated to cause the two sections to take divergent attitudes on the question of the nature of our union — or, to speak more specifically, it caused the South to attach continued importance to the idea of State sovereignty, it caused eleven States of the South to attempt secession, as the State sovereignty theory declared they had a right to do, and it thus caused the Civil War itself. That fundamental cause of secession and the Civil War, acting as it did thru a long series of years, was the institution of negro slavery. These two questions, therefore — that of State sovereignty primarily and directly, and that of negro slavery secondarily and indirectly — were the supreme questions involved in the American Civil War. Was the attitude of the South in relation to these two questions right — in the highest and best sense of the term right?

The ablest defense of the South’s position on State sovereignty is perhaps to be found in Alexander H. Stephens’s “Constitutional View of the War Between the States.” Moreover, Stephens’s attitude on the eve of secession demonstrated a breadth of statesmanship on his part that was only too rare in that emergency. He made a clear distinction between secession as an inherent constitutional right and secession as a policy to be put into operation in 1860, defending with considerable acumen, along lines marked out by Calhoun, the right of a State to secede under the Constitution of 1789, but combating the notion that the existing evils in the Union at that time justified a resort to so drastic a remedy. In his great union speech delivered before the Legislature of Georgia just after the election of Lincoln, he deliberately declared and urged that the South was not suffering in the Union, and that the section was not likely to suffer under the administration of Lincoln. Moreover, he calmly told his fellow countrymen that in case they withdrew from the Union without greater provocation than then existed, the verdict of history would be made up against them. Every careful student of our history can appreciate the wisdom, the statesmanship and the patriotism of this speech, as well as the courage and correctness of Stephens’s attitude in opposing secession a little later in the Georgia convention. I venture to think that if the lower South had possessed a few more leaders of Stephens’s ability and influence, secession would not have been precipitated by the election of Lincoln, except possibly in the case of one State. Indeed, such States as Virginia and North Carolina, altho believing in the right of secession, had the wisdom to defeat the secessionist movement until after the outbreak of hostilities, when they were called upon to aid in ”coercing” their sister Southern States.

It is beyond the scope of this article to discuss in detail the circumstances and grievances which convinced the people of the South, contrary to the better judgment of Stephens and some others, that they could no longer remain with honor and safety in the Union. It is sufficient to say that the two sections had divergent economic systems, and that the institution of slavery, which was the South’s peculiar economic heritage, was the prime factor in begetting grievances, There arose a disposition on the part of the North, which in some instances took an aggressive form, to discredit the institution of slavery on moral and religious as well as economic grounds. The severe criticisms of the institution that were thus made, particularly after 1830, naturally aroused a feeling of resentment in the South against those who would interfere in a matter with which, from a Southern viewpoint, they had no direct concern. Since the people of the South were on the defensive with regard to slavery, and since they were Southerners also, they became peculiarly restive under the adverse criticism that was directed against their institution, and sensitive to a degree that prepared the soil for a rich harvest of supposed grievances.

Moreover, since slavery was legalized and regulated by the State governments and not by the National Government, and since any enlargement of the powers of the latter might operate, thru the increasing preponderance of Northern and Western influence in that Government, to interfere with the institution of slavery at the time of the admission of new States or otherwise, the South was led to attach exaggerated importance to the doctrine of State rights, and to revive a political science that was becoming obsolete. Since it was recognized North as well as South that the National Government could not directly molest slavery in the States where it already existed, the warmest debates in Congress concerned the powers of the National Government over slavery in the Western Territories, the debates over this question being particularly acrimonious from the time of the war with Mexico down to 1860. The momentous election of that year centered upon that issue.

The extreme Southern party, in harmony with the famous Dred Scott opinion, had advanced to the position that neither Congress nor the Territorial Legislature itself could debar slavery from a Territory, and that slavery could be abolished by the people of a Territory only after the Territory had passed into Statehood. This view declared slavery legal in all the national domain and declared Congress altogether impotent in the matter — in other words, only a State in our system of government could make and unmake slaves, and where States did not exist to exercise that function our public law would presume slavery to exist and assume the protection of such property. On the other hand, the extreme Northern attitude, as exprest in the Republican party, was the exact opposite of the ultra Southern position on the vital question of slavery in the Territories. The party of Lincoln held that Congress under the Constitution had complete powers of government in the Territories, and that it should exercise these powers in behalf of freedom. Lincoln upon several occasions very tersely exprest the difference between the sections on this question in this wise: “We of the North think slavery is wrong and should be restricted, while you of the South think slavery is right and should be extended,” having reference, of course, to the restriction and extension in the Territories. It is a great popular error on the part of the people of the South to suppose that it was in the program of the party of Lincoln to directly interfere with the institution of slavery in the States where it existed. The Republican party recognized and declared it had no right to do that, and Lincoln hesitated long before deciding that the exigencies of war warranted a resort to the emancipation proclamation,

Those opposed to the extension of slavery won in the election of 1860. The South interpreting this as the beginning of the decline of her dominance of the National Government, in a series of impetuous acts which the wisdom of Stephens and others could not restrain, repudiated that Government and inaugurated one of her own. Students of history can easily see the reasonableness and the correctness of the Republican attitude on the main issue in dispute in the election of 1860, and it is a matter of regret that the Southern leaders of that day were unable to see its wisdom in the light of a true philosophy of progress. However, in passing judgment upon their action we should recognize that we have the advantage of perspective and that they were in large measure the victims of circumstances not altogether of their own making. Moreover, the notion of an evolutionary order of things in morals, in governments and in all manner of social institutions is an idea that was by no means as familiar to them as it is to us of the twentieth century.

The institution of slavery was becoming an anachronism in the nineteenth century. Other nations, such as England and France, had entered upon policies of emancipation in the early decades of the century, and the Northern position on the subject was merely in harmony with the dictates of an advancing civilization. Southern leaders, under the influence of apparent pecuniary and social interests, failed to understand this tendency, and to enter upon the work of formulating plans for harmonizing its policies with the currents of world progress. Moreover, being nettled as they were by outside pressure and in many cases undue criticism, they more and more concentrated their efforts in support of an antiquated order of things in morals and economy, and finally waged a four years’ war with unsurpassed heroism and devotion in support of an equally antiquated order of things in government. Such in epitome is the tragedy of the South’s past, and the tragedy of her present is that she does not yet fully realize it!

So far our discussion has mainly concerned the wisdom of secession regarded as a matter of practical politics, with no particular reference to the question of its legal, validity under the Constitution of the United States. We have reached the conclusion that calm history will not justify, however much it may explain, the secessionist movement of the sixties — a conclusion which, as we have seen, accords in the main with the position of Stephens on the eve of the secession of Georgia. Stephens, however, ardently advocated the right of a State to secede under the Constitution of 1789, and we may infer that he regarded a union of States severally sovereign to be the best form of union. Most intelligent Southerners would now concede that for our country a confederacy with the recognized right of secession is not the best form of union. On the other hand, they would entirely agree with Stephens and with the great body of his fellow Southerners of the sixties in claiming that the right of secession was then inherent in the nature of our Union. If indeed the right of secession existed, we may safely conclude that the counter right of resisting secession by force of arms did not exist — a conclusion which would place the North in the wrong in waging the war, even tho the South may have acted precipitately and unwisely, and therefore wrongly, in resorting to secession without greater provocation.

The dilemma just suggested may easily be avoided by placing the argument upon a plane distinctly higher than one concerned with the merely legal questions involved in conceiving our Union to be the static outcome of a contract between independent sovereign States. Indeed, we may well admit that our Union was generally regarded at the time of its formation and for some decades thereafter as a union of sovereign States. At any rate, it was a union made possible at the time thru compromises — the greatest of which had reference to the relative importance of national and State authority. The Union thus established upon the basis of compromises was in reality a great victory for the integrating’ forces moving in modern times in the direction of nationalism. Moreover, it was to be expected that as the interests of the people of the several States became more and more interdependent and harmonious a spirit of nationalism would increasingly pervade the Union and assert its potency, unless some disintegrating influence should thwart its development. The normal integrating influences worked in the direction of national integrity in all parts of the Union except the South, where the institution of negro slavery operated as the main influence to counteract its development. When, however, the particularistic spirit attempted in 1861 to put into practice its principle of separatism In order to defend the South’s cherished institution, the spirit of nationalism in other sections of the country had grown strong enough to assert its validity.

It was as much the function of the statesmen of 1860 to interpret the nature of our Union in the light of what it ought to be as it was the duty of our fathers in 1787 to act in harmony with the demands of progress in their day. Right and wrong are neither absolute nor static conceptions, but on the contrary they are decidedly relative and dynamic descriptions of conduct — conduct being right or wrong according to the degree in which it tends to promote or retard human welfare. Those who consciously and sincerely align themselves with the forces working for the best interests of an advancing civilization are in the right in the highest and best sense of the term right, while those who align themselves with causes less beneficent in their fruitage are relatively in the wrong, tho their sincerity, devotion and otherwise elevated type of character may command a lasting measure of admiration.

Viewing the great civil conflict, the semi-centennial of whose inauguration this year marks, in the light of these principles and in the light of a broad historical philosophy, we are led irresistibly to the conclusion that the North was relatively in the right, while the South was relatively in the wrong. Lincoln for the North became the champion of the principle of national integrity and declared the time ripe for a vindication of its validity; Davis for the South became the champion of the principle of particularism as exprest in State sovereignty and declared the time ripe for its vindication. The one advocated a principle of political organization in harmony with the age in which he lived and in accord with the teachings of history; the other advocated a principle out of harmony with his age and discredited by the history of Europe during the past thousand years. The one was a statesman of the highest order, deserving to be ranked with such of his European contemporaries as Cavour and Bismarck ; the other was a statesman of a distinctly inferior order in comparison, since the cause which he championed with so much ability, heroism and devotion ran counter to the true course of political and social progress.

Gainesville, Florida.

 

Source:   The Independent , Vol. 70, No. 3245 (New York, February 9, 1911), pp. 299- 303.

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Editorial from The Independent: Free Speech Supprest

In The Independent of February 9 there appeared an article by Enoch M. Banks, of Southern birth and training, Professor of History and Economics in the University of Florida. His subject was “A Semi-Centennial View of Secession.” He defended the appearance of an article, whose conclusions were not in agreement with the views which led to the attempt at secession, by saying

“The South is becoming more tolerant of a free discussion if its past and present policies . . . and is paving the way for a liberated intellectual life. This new spirit of liberality toward opposing views when exprest with sincerity as befitting decorum is perhaps the greatest incipient triumph of the twentieth century South.”

In that article he recognized negro slavery as the occasion for the war and that its defense required adhesion to the doctrine of State sovereignty. As to both State sovereignty and slavery, he admitted that the attitude of the South was a mistaken one.

Was that a conclusion proper to be held by one who is a teacher in a Southern university? Beyond question, yes. It is proper that in a Southern or Northern university both views might be held. So far as one is wrong there will be other teachers to correct it. Were his conclusions such as could with prudence be publicly proclaimed by one holding such a position as teacher? Professor Banks thought so, and took the risk. But he has found that the risk has severed his connection with the University of Florida. He has been compelled to resign.

Professor Banks’s article in The Independent came under the notice of a man of some local fame — we believe he had once been a Presidential elector, and he was a fluent political orator — we forget his name; it is not a nomen praeclarum — but he wrote a letter to us denouncing the professor and his views. We did not think it worth printing and sent a courteous reply. That made him angry. He declared he would expose and denounce Professor Banks and The Independent in every journal in Florida and the South. He kept his word. He waved the tattered, but sacred, flag of the Confederacy, appealed to the pious sentiments of Sons and Daughters, and demanded the removal of the traitorous professor from the chair where he was teaching treason to the youth of Florida. And he did it. The journals published his fulminations. Florida was stirred with worked up passion. The professor’s resignation was demanded; there were threats that the legislature would withdraw or reduce its appropriation. Professor Banks saw that his presence was endangering the financial support of the university and he gave in his resignation to the president and it was accepted with regrets. Liberty of speech was denied. The victim was sacrificed.

And yet Professor Banks was not mistaken. The South is becoming more tolerant of free discussion.” There is “a new spirit of liberality toward opposing views.” But if somewhat existent it is not prevalent, as he has found to his disappointment. It will not do, at least in the Gulf States, for a man who would keep a position of public service to dare to say that slavery was wrong, that it was time Nationalism should supplant State Sovereignty, and that the war for secession was not the most glorious, altho unsuccessful, struggle of modern times. Not yet is it allowed for a man to express opinions of his own. He must shout with the mass or go.

It is a sad condition of things, but they are improving. The Atlanta Constitution actively defended Professor Banks’s liberty of speech. We trust he will find a place in some other Southern institution and not be compelled to seek a freer civilization. He is a loyal Southerner. He loves his section as it never occurs to a Northern man to love his section. Ostracised from Florida, he may be welcome in other Southern States; but we should have liked it if the thousands of Northern men who have settled in Florida had flooded the State journals with letters in defense of free speech, and had themselves illustrated it. The press should not be left wholly to the noisy and noisome orators and writers who would glorify, and would, if they could, restore, an old bad past. Professor Banks spoke truly and bravely; we need a multitude of others in the South who will speak their mind and support each other, and fight for freedom now, as fifty years ago their less wise ancestors fought for slavery. The day of victory is coming, and the chance and duty to speak and act for it is urgent. What said John Milton when he defended himself for fighting for a righteous but imperiled cause. He pictured to himself the Church triumphant over her foes, liberty of thought and speech achieved in Church and State, and how would he then feel if he had taken no part in the glad free victory? He would have ever after said to himself:

“Slothful and ever to be set light by, the Church has now overcome her late distresses after the unwearied labors of many of her true servants that stood up in her defense; thou also wouldst take upon thee to share amongst them of their joy: but wherefore thou? Where canst thou show any word or deed of thine which might have hastened her peace? Whatever thou dost now talk, or write, or look, is but the alms of other men’s prudence and zeal. Dare not now to say or do anything better than thy former sloth and infancy: or if thou darest, thou dost impudently to make a thrifty purchase of boldness to thyself out of the painful merits of other men; what before was thy sin is now thy duty, to be abject and worthless.”

Professor Banks dared to speak; will not many others speak, according to their ability, and hasten the liberty and the better day now sure to come to the South, and save themselves in the future glad day from the shameful memory of cowardly silence?

 

Source:   The Independent , Vol. 70, No. 3254 (New York, April 13, 1911), pp. 807-8.

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The Dismissal of Professor Banks
BY JAMES W. GARNER, Ph.D.

[We are especially glad to print this letter to The Independent from the Professor of Political Science of the University of Illinois. The author is not only one of the most distinguished economists of America, but he is as loyal a Southerner as Professor Banks, whose recent dismissal from the University of Florida is a disgrace to the university and the State. — Editor.]

As a Southerner, born and reared in the lower South, I want to endorse unqualifiedly the spirit of your recent editorial on the suppression of free speech in connection with the enforced resignation of Dr. E. M. Banks from the University of Florida. That a university professor with the high character and accomplishments of Dr. Banks should, in this enlightened age and country, be compelled by the pressure of local public opinion to resign his chair on account of his views on secession and State sovereignty seems almost incredible. What a miserable spectacle the case presents! What must be the judgment of the outside world concerning a condition of civilization in which such narrowness and intolerance exist? It is difficult to believe that any considerable proportion of the intelligent and fair-minded people of Florida really approve of such a wrong.

The man who claims the credit for driving Professor Banks from the university is the same person who recently, as a member of the Florida Legislature, threatened impeachment proceedings against Governor Gilchrist for recommending that Lincoln’s birthday be made a holiday in the State, and thus compelled him to withdraw the recommendation. He belongs to the class of small politicians with which parts of the South are still unhappily afflicted, whose chief stock in trade is their ability to exploit the negro question and the issue of white supremacy, which, as everybody but themselves knows, is no longer a real issue. Happily with each passing year the number of Southern politicians who live on dead issues and whose methods consist in appealing to the passions and prejudices of the past is growing smaller and the time is not distant when they will be without followers.

The people of Florida will no doubt be able to find men for their university professorships who believe or who profess to believe in the sovereignty of the States and who will be ready as occasion requires to defend the constitutional and moral right of secession, but it will be a sad day for the State when the announcement goes forth that no others will be tolerated. Dr. Banks is right and The Independent is right in saving that the South is becoming more tolerant of discussion, more liberal in its economic and political thinking and more national in its views of public policy, and Senator Beard and his kind can no more prevent advance along these lines than they can turn back the clock of ages or reverse the downward flow of the Mississippi. Such petty and shameful treatment as has been accorded Professor Banks will only hasten the movement.

Urbana, Ill.

 

Source: The Independent Vol. 70, No. 3256 (New York, April 27, 1911), p. 900.

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The Dismissal of Professor Banks
BY ANDREW SLEDD

[This discussion of the removal of Professor Banks from the University of Florida for an article he wrote in The Independent is written by the former president of the university, who was himself forced to resign for a somewhat similar cause. It will throw light upon the unfortunate conditions which limit educational freedom in the South. Mr. Sledd is now president of the Southern University at Greensboro, Ala. This whole case is attracting wide attention in the South and we suggest that the economists of the country take the matter up as they did in the case of Professor Ross. — Editor.]

I was president of the University of Florida for several years, and in 1907 asked Professor Banks, whom I had known personally and most favorably before that time, to take the chair of History in that institution. He accepted; and, as man, scholar and teacher, more than justified my highest expectations. His training was admirable; his personality delightful; his character of the highest; and he has both the gifts and the graces of an inspiring and finished teacher. I regarded the institution as peculiarly fortunate in having him upon its faculty; and this feeling grew steadily stronger with increasing knowledge of the man and his work.

In 1909, despite the unanimous and cordial support of the Board of Control of the institution, I was forced to resign the presidency. The charge against me was that the attendance upon the institution did not increase with sufficient rapidity under my administration. Upon my resignation, Professor Banks handed in his resignation, on the stated ground that he did not care longer to be connected with an institution where such, things were possible. The present president of the University and the chairman of the board, joined their persuasion with mine; and Professor Banks agreed to withdraw his resignation, and continued in his place.

In February of the current year Professor Banks sent me a copy of his article in The Independent; and I immediately foresaw the consequences. My own experience, as well as general observation, led me to know what he had to expect. And yet, as he says in a personal letter, which I take the liberty of quoting without waiting to ask his permission:

That article was written in all good faith and with an earnest desire to make some contribution toward promoting a liberated intellectual life here in the South. I am disposed to think that our political leaders, teachers, preachers, editors, and others in positions of more or less influence, made a serious and grievous mistake in the generation prior to the Civil War in not setting in motion influences that would have paved the way for the gradual removal of slavery from our country without the loss of so many lives, without the expenditure of so much treasure, without the bitterness of reconstruction, and without the subsequent pension burden! [Professor Banks might almost have had in mind Theodore Parker’s words, uttered four years before war broke out : “Had our educated men done their duty, we should not now be in the ghastly condition we bewail.”] Now, if I censure them in a sense for failing to measure up to the demands of the age in which they lived, can I excuse myself from making the attempt, to the extent of my ability and equipment, to set in motion influences in my limited sphere that would tend to liberate our minds and thus prepare the way for the solution of the present problems of our civilization and progress, problems indeed which are hardly less urgent and difficult than were those of our fathers prior to the sixties?

But this mental attitude is quite incomprehensible to some of our people, who follow the Saduceean motto, “Sever not thyself from the majority”; and so Professor Banks fell under their censure. When the censure became strident, and coupled with a demand for his removal, he tendered his resignation and it was accepted; and be becomes but another illustration of the proposition that “every step of progress that the world has made has been from scaffold to scaffold and from stake to stake.”

The authorities of the University were in a dilemma — a double dilemma, in fact. As the situation stands in Florida, the Board of Control is appointed by the Governor and is itself subject to the control of the State Board of Education, which is composed of five public officials elected by the people. The board of Control faced the dilemma of maintaining Professor Banks at the imminent risk of losing appropriations and patronage for the institution. Appropriations and large enrollments are very real things and furnish a common and conspicuous measure of institutional efficiency and progress. But freedom of speech and teaching is vague, a sort of academic myth concocted by impractical and visionary men and failures. If the Board of Control had said (which would have been true): “We can maintain this institution upon the Federal funds which it receives, independent of the state appropriation,” its decision would have been subject to review and possible reversal by the State Board of education. And then, in reaching its conclusions, the State Board of Education would have had to face the added possibility of a failure of re-election at the hands of the people. In other words. Professor Banks and freedom of teaching in the university had to be weighed against possible loss of appropriations and patronage, and political office for the members of the State Board of Education.

I do not know how the Board of Control would have stood, had it been in authority independent of the Board of Education. I believe that the Board of Control under which I served, of which the present junior Senator from Florida, Mr. Bryan, was chairman, would have accepted a recommendation from the president of the University to sustain Professor Banks. But I equally believe that, had they made such a decision, it would have been promptly reversed by the State Board of Education, under the influence of the three considerations which I have just mentioned.

Under the circumstances, it is not surprising that Professor Banks had to resign his place, he was the victim of two evils, neither of whih is confined to Florida or to the South. The one is direct political control and political interference in the affairs of the State University. This has resulted in many difficulties in many places in our country. The other is a wrong ideal of what constitutes a great institution. If size and wealth are taken as the standard, all other considerations must naturally give way to these. Not only is Professor Banks a victim of this standard, but probably no other one thing has done as much to degrade our educational institutions and impair their educational efficiency.

But Professor Banks has this great consolation, that his treatment and the public discussion of it forwards the cause for which he stands. The blood of the martyrs is the seed of the Church; and I doubt if Professor Banks by a year’s quiet work could have done as much as he has now done “to make his contribution toward promoting a liberated’ intellectual life here in the South.” He suffers; but because of his suffering his cause is nearer to its certain triumph. And in that knowledge Professor Banks will rest content.

And the University of Florida has suffered a humiliating defeat on a great moral issue.

Greensboro, Ala.

 

Source: The Independent Vol. 70, No. 3260 (New York, May 25, 1911), pp. 1113-4.

Image Source: Portrait of Enoch Marvin Banks, A.M., Ph.D.; Professor of History and Economics  from University of Florida, The Seminole, 1911, p. 15.

 

Categories
Barnard Columbia Economists Gender Salaries

Columbia. Pay raise for Barnard lecturer Clara Eliot supported, 1941

 

Columbia economics Ph.D. alumna (1926), Clara Eliot published her dissertation as The Farmer’s Campaign for Credit (New York: D. Appleton, 1927). Looking at the Columbia Department of Economics budget proposal from 1941, I saw a statement of support for a salary increase for Clara Eliot and promotion to the rank of assistant professor at Barnard. A brief annex to the budget introduces Eliot. I have added at the end of the post her 1976 New York Times’ obituary to round out her life story.

Since I was looking at Columbia economists’ salaries, I thought it worth seeing how her actual 1941-42 salary of $2,700 and the proposed assistant professor salary for 1942-43 of $3,600 fit into the structure of salaries paid to men at those ranks. It turns out (see the attached budget lines for lecturers and assistant professors), there was salary parity at both ranks. I have been unable to confirm yet whether Clara Eliot actually got her promotion with that pay raise at Barnard then.

The other woman economist, Eveline M. Burns, and her husband Arthur R. Burns were both quite unhappy with the ceilings to their respective advancement in 1940/41. Their story is worth a future post or two. Today is dedicated to Clara Eliot.

_____________________________________

Women in the Columbia Economics Department Budget Proposal
November 26, 1941

[…]

(2) Last year my colleagues directed me to inform Dr. Eveline M. Burns that they found themselves unable to offer her any ground for hope that she could be granted professorial status and she indicated her unwillingness to continue on the basis of a full-time lecturer at the stipend available (viz., $3,000). Thereupon a temporary arrangement was entered into for part-time service for the current academic year, with the specification that no commitment was implied beyond June, 1942. In this budget letter it is recommended that the connection of Dr. Burns with the Department be terminated at that date. The question of the future of her field of social insurance in the departmental plans is being studied by the Mitchell Committee mentioned above. Moreover, this is a field in which the School of Business has an interest…It is therefore suggested that for the present the sum that has in previous budgets been allocated to Dr. Burns be tentatively reserved pending the formulation of a definite proposal which should be forthcoming within perhaps a fortnight [reduced from $2,500 to $2,300 reserve in final budget].

[…]

Should the Barnard budget, when submitted, include a recommendation that recognition be given Clara Eliot, such a recommendation would be supported by the department to the extent of promotion to an assistant professorship and an increase in salary of $900 (Miss Eliot is now a lecturer in Barnard College at $2, 700).

(See Annex G)

[…]

ANNEX G

Statement concerning the Professional Preparation
and Experience of Clara Eliot

 

A. B. 1917, Reed College (major in sociology)

1917-1918, Instructor in Sociology, Mills College, Calif.

1918-20, Research Assistant to Prof. Irving Fisher, Yale Univ.

1920-23, Assistant in Economics, Barnard College (salary, $1,000)

1923-28, Instructor in Economics, Barnard College
(salary: 1923-25, $2,000; 1925-27, $2,200; 1927-28, $2,400)

1926, Ph.D. in Economics granted by Columbia.

1928-29 On leave without pay, travel and study abroad — in Germany and Austria.

1929-36, Lecturer in Economics, Barnard (part-time) (salary, $1,200)

From April 1st, leave of absence without pay to join the Consumer Purchases Study (on a salary basis of $5,600). Despite urging by Dr. Monroe, Chief of the Economics Division of the Bureau of Home Economics, leave could not be continued in the Fall because of the situation in the Barnard Department, with others on leave or ill)

1936—to date, Lecturer in Economics , Barnard College (full-time)
(salary: 1936-37, $2,400; 1937-40, $2,400; 1940-41, $2,700)

 

Projected research:

  1. An analysis of family expenditure data (scale of urgency, “income elasticity of demand”, etc.).
  2. Compiling of materials for use in connection with an introductory course in statistics, non-mathematical, stressing the possibilities and limitations of the quantitative method, stating hypotheses in quantitative terms, illustrating problems of interpretation, relating statistics to logic.

 

Source: Department of economics budget proposal for 1942-43 (dated November 26, 1941) submitted to Columbia University President Nicholas Murray Butler by Robert M. Haig, Chairman, Department of Economics (pp. 2, 6 and Appendix G). Columbia University Archives. Central Files 1890-. Box 386, Folder “Haig, Robert Murray 7/1941—6/1942”.

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ANNEX A

DEPARTMENT OF ECONOMICS
The [Revised] Budget as Adopted for 1941-1942
Compared with the Budget as Proposed for 1941-1942
.
December 30

 

Office or Item

Incumbent 1941-1942
Appropriations

1942-43
Proposals

Assistant Professor Arthur R. Burns

$4,500

$5,0001

Assistant Professor Robert L. Carey

$3,600

$3,600

Assistant Professor Boris M. Stanfield

$3,600

$3,600

Assistant Professor Joseph Dorfman

$3,600

$3,600

1Promotion to rank of associate professor recommended.

 

Office or Item

Incumbent 1941-1942
Appropriations

1942-43
Proposals

Lecturer Carl T. Schmidt

$3,000

$3,000

Lecturer (Winter Session) Robert Valeur

($1,500)

Lecturer Eveline M. Burns

$2,500

1

Lecturer Louis M. Hacker

$3,000

$3,6002

Lecturer Michael T. Florinsky

$2,700

$3,000

Lecturer Abraham Wald

$3,000

$3,6004

1Not to be reappointed.
2Promotion to rank of assistant professor recommended.
3 Promotion to rank of assistant professor recommended.

 

Source: Department of economics revised budget proposal for 1942-43 (dated December 30, 1941) submitted to Columbia University President Nicholas Murray Butler by Robert M. Haig, Chairman, Department of Economics. Columbia University Archives. Central Files 1890-. Box 386, Folder “Haig, Robert Murray 7/1941—6/1942”.

 

_____________________________________

Clara Eliot (1896-1976)

Prof. Clara Eliot, who taught economics and statistics at Barnard College, Columbia University, for almost 40 years until her retirement in 1961, died Saturday in Palo Alto, Calif. She was 80 years old.

Dr. Eliot, who used her maiden name professionally, was the wife of Dr. Robert Bruce Raup, professor emeritus of philosophy of education at Teachers College, Columbia University.

Dr. Eliot contributed to research in consumer economics. She was the author of “The Farmer’s Campaign for Credit,” a study of basic issues in credit theory as they were involved in United States agricultural policies early in this century.

She graduated from Reed College in 1917 and received her doctorate from Columbia in 1926. After teaching at Mills College in 1917-18 she was economics secretary to Prof. Irving Fisher at Yale University from 1918 to 1920.

Surviving, besides her husband, are a son, Robert B. Raup Jr.; three daughters, Joan R. Rosenblatt, Ruth R. Johnson and Charlotte R. Cremin; two brothers, a sister and eight grandchildren.

Source:  New York Times, January 19, 1976 (page 32).

Image Source: Barnard College, Mortarboard 1950.

 

 

Categories
Curriculum Harvard Undergraduate

Harvard. Report on the Tutorial System in History, Government and Economics. Burbank, 1922

 

Harold Hitchings Burbank (1913-1951) will probably best be remembered in the history of economics for topping Paul Samuelson’s “Dishonor Roll” for antisemitism in the Harvard economics department ca. 1939 (the list is reproduced on p. 281 of Roger E. Backhouse’s first volume Becoming Samuelson, OUP 2017) as well as for being an all around bête noire in matters regarding mathematical economics at Harvard, though Backhouse (pp. 421-2) has at least been able to acquit Burbank of the charge of the premeditated “killing of the type” for Foundations of Economic Analysis [Plot spoiler: the printer did it (metal shortage)].

Burbank has in fact left a fundamental institutional legacy at Harvard College, having played a major role in the establishment and running management of the tutorial system that was set up to prepare undergraduates for the general examinations in their respective divisions of study. Many a Harvard economics graduate student, instructor, and  faculty member have served as economics tutors so that no study of the education of economists would be complete without a serious examination of Harvard’s tutorial system in which economists have been active from the very beginning.

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Harvard College President Lowell on the undergraduate general examination for divisions and the Tutorial System (1922)

The effect of the general examination upon the choice of subjects for concentration is interesting. When first introduced for History, Government, and Economics it diminished the number of students electing those studies as their main field of work, presumably frightening away the faint-hearted. But the dread soon passed off, and at present seems to have little influence.

[…]

The framing of general examination papers which shall be comprehensive enough to cover the subject, at the same time shall be fair, and which give the student a chance to show his knowledge or ignorance, his comprehension or vacuity, demands much skill, ingenuity and labor. Moreover, a great deal of time is required to read the books, or conduct the oral examinations, in any department where the candidates are numerous. Clearly members of the instructing staff cannot be expected to do this in addition to their ordinary work. Some provision ought, therefore, be made in such cases for relieving them of a part of their teaching; and in the Division of History, Government, and Economics, where the plan has been in operation much longer than in any other, the examiners are relieved of about half their courses, either by reducing these throughout the year, or by exemption from course instruction in the second half-year, that being the period when by far the heaviest burden of the examinations falls. In conducting them the committee in charge is really examining not only the candidates, but also the instructors in courses and the tutors if any, because they can hardly avoid forming some impression of the thoroughness with which teaching is done by the different members of the staff; and although they make no report upon the matter, the opinions they form cannot fail in the long run to have an effect upon the instruction in the departments of which they are members. Moreover, their examinations determine the requirements for a degree in the various subjects of concentration, and the standard of attainment on the part of undergraduates. Their selection is therefore a matter of the utmost importance. In those departments that have recently adopted the plan, and where the number of candidates is too large to be examined by the instructors as a whole, a committee is appointed by the department itself; but in the Division of History, Government, and Economics it is appointed by the Corporation. The first members of this committee, Professors G. G. Wilson, R. B. Merriman, and E. E. Day, were the pathfinders, and to their wisdom and labor is due from the outset the success of the project.

When the general examination was introduced for History, Government, and Economics, it was perceived that in these subjects it could not work well unless the students were provided with the assistance of tutors in correlating what they had learned in their courses, and in mastering the parts of the field which courses do not cover. At first it was difficult to find men qualified for this task, quite unknown as it was in American college education, since no one had any experience in doing it. A new form of instruction had to be devised; new men had to teach themselves a new art. They have done so, until at present an excellent corps of tutors is working systematically in this division. No doubt experience will still farther perfect their methods, and by frequent conferences they are seeking constant improvement. A tutor, who by the way may be of any academic grade, is by no means wholly confined to tutorial work. A number of them are also conducting courses, and that is a distinct advantage. The only college work which they cannot do is obvious. They should not be on the committee in charge of the examinations. There is no better way of stating what they strive to do, and what they have accomplished, than by inserting as an appendix hereto the report of Assistant Professor H. H. Burbank, the Chairman of the Board of Tutors for the division.

Source: President’s Report in Reports of the President and the Treasurer of Harvard College, 1921-1922, p. 13-4.

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Report on the Tutorial System in the Division of History, Government and Economics at Harvard University, 1922

To THE PRESIDENT OF THE UNIVERSITY:

SIR, — I have the honor to submit a report on the Tutorial System in the Division of History, Government and Economics.

The tutorial system of the Division of History, Government and Economics was made possible and necessary by the introduction of the general examinations. When this Division accepted the principle of these examinations it declared that they could be made effective and, at the same time, just to the student only by the development of a system of individual guidance. Tutorial instruction began in 1914 with a staff of six tutors supervising the work of some one hundred and fifty students. At that time the Division expected the number of concentrators would not at any time exceed four hundred. During the present academic year sixteen tutors have given instruction to six hundred and forty-eight students.

When provision was made for tutors, the Division contemplated only indefinitely their functions and the scope of their work. There were no examples to be followed; no system of like nature had been established in any American university and the precedents afforded by Oxford and Cambridge could give little guidance. During the first three years many experiments were necessary. The place of the tutor’s work in the general system of instruction had to be found, methods of work had to be developed. These problems could be met only by a process of trial and selection. At first there were many false starts; undoubtedly there was some lost effort, but there was also appreciable growth and development. The War brought an abrupt cessation of activities. With the resumption of normal academic conditions in 1919-20, tutorial work was reorganized, and it is from this time that the more important growth of the system is to be recorded.

Different methods of tutorial instruction are still being tried and probably will continue for some time, but the experience of the years since 1914 has been sufficient to give a definite indication of the processes which are best suited to our needs. Because of the several experiments which different tutors are undertaking, all generalizations regarding tutorial work are open to some exceptions.

Each tutor has under his supervision approximately forty students, selected in about equal proportions from the senior, junior and sophomore concentrators. The tutor meets his students regularly, usually once each week, in individual conferences. In some few instances, especially with sophomores, groups of two or, at the most, three students are found advantageous, but such group conferences are used sparingly; the characteristic method is the individual conference. Usually the conference lasts for about half an hour, but here the exceptions are many. The student is never limited in the matter of time. If he wishes to see his tutor with greater frequency it is his privilege to do so and he is encouraged to take full advantage of the unusual opportunities offered to him by individual instruction. The unwilling students — and they are so few that they leave no mark on the system — are obliged to do a minimum amount of work and to give a minimum amount of time to the tutor. The interested students can have about all they desire in time and instruction.

The introduction of the tutorial system was not accompanied by any change in course requirements. The student who elects to concentrate in History, Government or Economics, and thereby comes under the direction of the tutor, carries the usual number of courses from which he secures the groundwork for his general and special concentration. But courses are not synonymous with subjects; they cut through or across subjects. The first work of the tutor is to help the student organize and correlate this course material so that his chosen field of study appears to him as continuous and homogeneous rather than as groups of data or ideas with little or no relation. For seven years the tutors proceeded on the principle that class instruction could be taken for granted, that the material offered in courses had been accepted and assimilated by the students. The results of the examinations lessened confidence in the validity of this position and pointed directly to the need for further instruction along the same line. Many of the courses in this Division have very large numbers; the majority of those which are elected by undergraduates are conducted by the lecture method with little or no opportunity for discussion or for a thorough test of the student’s grasp of the subject matter. Further study and emphasis in the tutorial conference of material already presented in courses is proving of inestimable value. The data frequently is the same, — an historical period, a theory of government, a principle of economics, — the point of view is different, the stimulus is different. In the tutorial conference there is no question of marks or discipline; the one important object is to understand something which appears to be important.

Thus the tutor’s work deals in part with the materials already presented in class instruction — correlating it, focusing it, teaching it. But to arrive at the standards imposed by the general examinations requires a very considerable amount of additional reading. The tutor must and does expand the field of study by assigning and discussing problems not within the limits of courses now offered. In this connection as well as in the reconsideration of course material the tutor strives to interest his students in general reading. This is a very great opportunity. The student at Harvard as well as at the other colleges of this country has been so beset with textbooks, books of selected readings, page assignments and the like, that the reading habit not only has gone undeveloped but has tended to become stultified. Through conferences with his tutor and by means of his reading, the student gains a familiarity with his subjects of study that courses alone cannot impart. Furthermore, if he responds adequately to tutorial direction, he forms, largely unconsciously, a reading habit, a critical judgment and a discriminating taste that the established system of college education seldom produces. Another phase of this subject, or perhaps a by-product of this tendency, is found in the matter of general reading during the vacations. Ten years ago the student was rarely found who did not regard the final examinations in June as the terminus of his educational effort for that year. By small degrees this is changing. With the inauguration of tutorial instruction students were urged to continue their reading during the vacations, especially during the summer months. The cumulative effect has been important. Students in sufficient numbers are undertaking this work, to call for facilities to direct their reading between June and September. A plan is now under consideration whereby tutors will be in Cambridge during the summer either to take personal charge of students or to direct their work by correspondence. The significance of this development is apparent when the reader is reminded that such work is not only voluntary but receives no credit in terms of grades or courses.

The tutor has still another function, less tangible perhaps, but no less important than those already mentioned. A cursory study of the college records of undergraduates is sufficient to indicate that a relatively small proportion achieve anything above mediocrity — that is, above a “C” grade. This is not because of limitation of capacity. Undergraduates are capable of accomplishment far beyond that registered in courses. But they have many interests other than those which find their expression in the class-room. Their interests and their efforts are scattered; much time and energy are wasted. A tutor of the type sought by this Division has the power and capacity to stimulate the undergraduate to real intellectual achievement. When a student comes to him with a predominating intellectual curiosity — the type of student who is usually a candidate for distinction — he has but to mould the material into finished form. The more difficult, but possibly the more important, task is to stimulate the less eager student, to make his subject of study real and alive, to make it attractive, to inspire the student to want to learn not because of the record that may be involved nor because of any particular honors that may be granted, but for the sake of the achievement itself. To do this on an increasingly larger scale is one of the main objects of the tutorial system. During the last three years there has been perceptible progress in this direction. A great deal remains to be done, but very definite limitations are imposed by the inflexible requirements of university instruction. Without any substantial change in these requirements considerably more can be accomplished. It depends upon securing the unusual type of tutor. With more flexibility and perhaps with some reasonable reduction of the requirements in terms of courses, progress is possible and probable that will be significant in the trend of American college education.

One might expect that the improvement in academic interest which the tutorial system has been able to stimulate would express itself in an increase in the number of candidates for distinction. To some extent such an increase has appeared; students have become candidates who would not have done so without the stimulation of individual direction and instruction. But there has been a concurrent counter effect. Candidacy for distinction is dependent upon grades in courses. Unfortunately, intellectual interest, sustained work and broad accomplishment are not always synonymous with a high grade in the particular course which covers a part of the field of study. Undergraduates in appreciable numbers are showing a distinct preference for tutorial rather than for class work — less effort is given to courses, more is devoted to the more intimate work with the tutor. No attempt is being made to pass upon the desirability of this tendency. It is simply presented as a tendency which is showing increasing strength.

Among the various experiments which the tutors have made in the effort to secure broader and better preparation for the general examinations have been those connected with written work. For some time it has been clear to the tutors that one of the most effective methods of instruction is found in the construction and repeated criticism of written reports, essays and theses. Incidentally, very few of the students do not need the added instruction in composition and expression that written work entails. Recently this Division, recognizing and emphasizing the value of written work, has voted that a satisfactory thesis shall be required of all candidates. To provide more adequate opportunity for writing of this character, each Department is now offering a course in thesis work.

The most significant development in connection with the tutorial system has been the very favorable response of the students. Tutorial instruction is an addition to the usual requirements for the degree. At the minimum this increase is equivalent, in terms of courses, to about one course a year or, during the three years of concentration, it approaches an additional requirement of a year’s work. At the maximum the only limitations are those set by the available time of the student and the tutor. Each year there are some students who give considerably more time to their tutorial instruction than to their more formal requirements. These, however, are exceptional instances. Yet, as a group, the majority of concentrators accept tutorial instruction as an educational opportunity rather than as a demand for additional hours of study. In spite of the very considerable increase in the work involved, concentration in this Division has increased steadily. When the system of general examinations and tutorial instruction was announced, concentration in the Division, especially in Economics, declined heavily. Almost immediately, however, the Division proceeded to win back the numbers it had lost through the additional requirements. In part, this may be explained by the introduction of general examinations in other Divisions, but there is reason to believe that concentration in this Division would have approximated its present position if the examinations had been confined to History, Government and Economics. Although this increase in numbers has been gratifying, a more pronounced reason for satisfaction is found in the distinct improvement in the quality of the student and in the level of accomplishment. To a large degree this is due to the failure of the unwilling or the less capable student to choose this Division as the field for his special study. In part, also, it is due to the increasingly effective work of the tutor. Indifferent students still choose this field, but in decreasing numbers, and as the sophomore and junior years pass by they are weeded out in considerable proportions or, responding to the efforts of the tutor, their work improves. After a trial, more or less prolonged, the indifferent student seeks other Departments, but during the last two years transfers to this Division have more than filled these vacancies.

Another aspect of tutorial work is indicative of the attitude of the student. Attendance at the conferences is not compulsory. There is no system of monitoring or reports of absences to the college office. The fear of disciplinary action cannot serve as a stimulus to meet appointments or to prepare assignments. It is true that the authority to employ disciplinary measures can be invoked if the occasion arises, but in eight years no resort to such measures has been necessary. Yet the cutting of tutorial appointments is comparatively rare, far less than the cutting of courses. The majority of concentrators, well over ninety per cent, seldom fail to meet their engagements. The tradition of tutorial work has become firmly established.

H. H. BURBANK.

Source: Harvard University. Reports of the President and the Treasurer of Harvard College, 1921-22, pp. 34-38.

Image Source: Assistant Professor of Economics Harold Hitchings Burbank in Harvard Class Album, 1920.

Categories
Exam Questions Harvard

Harvard. Graduate Core Economic Theory Examinations. Mostly Taussig, some Young, 1920-22

 

 

Examination questions spanning just over a half-century can be found in Frank Taussig’s personal scrapbook of cut-and-pasted semester examinations for his entire Harvard career. Until Schumpeter took over the core economic theory course from Taussig in 1935, Taussig’s course covering economic theory and its history was a part of almost every properly educated Harvard economist’s basic training. Taussig’s exam questions have been previously posted for the academic years 1886/87 through 1889/90 along with enrollment data for the course;  material for this course (including semesters when taught with/by other instructors) from 1890/91 through 1893/94; 1897-1900 ; 1904-1909 ; 1911-14 ; 1915-1917; 1918-1919 have been posted as well.  

This post provides the examination questions and enrollments for the academic years 1919/20 through 1921/22. There are two points worthy of note regarding the 1921-22 academic year. The first is that a complete set of student notes have been edited and published by Marianne Johnson and Warren J. Samuels and a link to the relevant webpage at Research in the History of Economic Thought and Methodology is provided below. The second point is that further archival material confirms that the course was indeed taught by Frank W. Taussig and Allyn A. Young in 1921/22.

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Student notes for Economics 11 from 1921-22 have been transcribed and published

“According to the Official Register of Harvard University, Vol. XVII, December 20, 1921, No. 51, Frank William Taussig was the only instructor of record for Economic Theory (EC 11). The initial notes seem to confirm that what is reproduced here is solely Taussig’s teaching, with frequent mention of his views recorded (e.g., “Taussig says”). However, in the ‘Supplementary Notes,’ attributed to both Taussig and Allyn A. Young, frequent mention is made of Young’s views. Whether these notes are from lecture, recitation, or are Hexter’s personal notes is unknown.”

 Source:  Marianne Johnson and Warren J. Samuels (eds.) Maurice Beck Hexter’s Notes from Harvard University, 1921-22. Economic Theory by Taussig, Young, and Carver at Harvard. Research in the History of Economic Thought and Methodology, Vol. 28-C, Part II. 2010.

 

Additional Information from the Archives.

In the third edition of Announcement of the Courses of Instruction Offfered by the Faculty of Arts and Sciences for the Academic Year, 1921-22 (p. 110), both Professors Taussig and Young were announced as the instructors for Economics 11.

Taussig’s scrapbook of his examination questions (the source for the other examinations except for the second semester of 1921/22) does not include the year-end final examination for Economics 11 that semester. The June 1922 examination questions are however available in the Harvard University Archive’s collection of final examination papers and match the content of Baxter’s Supplementary Notes for Young so it appears a reasonable presumption that Taussig was responsible for the first semester exam and Young was responsible for the second semester exam in 1921/22.

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Course Enrollment
1919-20

[Economics] 11. Professor Taussig.—Economic Theory

Total 47: 36 Graduates, 2 Graduate Business, 3 Seniors, 5 Radcliffe, 1 Other

Source: Harvard University. Reports of the President and Treasurer of Harvard College, 1919-20, p. 90.

 

 

1919-20
HARVARD UNIVERSITY

ECONOMICS 11
Mid-year. 1920.

Arrange your answers in the order of the questions.

  1. “On the ranches of Montana cattle are breeding, among the forests of Pennsylvania hides are tanning, in the mills of Brockton shoes are finishing; and, if the series of goods in all stages of advancement is only kept intact, the cowboy may have today the shoes that he virtually creates by his effort. . . With sheep in the pastures, wool in the mills, cloth in the tailoring shops, and ready-made garments on the retailers’ counters, the labor of the people can, as it were, instantaneously cloth the people.”
    Do you agree? Whom do you believe to be the writer of the passage?
  2. What element in distribution was regarded as “residual” by F. A. Walker? By Ricardo? By Mill?
  3. Can Mill’s conclusions regarding the effects of free trade in corn on wages and laborers’ welfare, be reconciled with Ricardo’s teachings?
  4. State the objections which have been made to the doctrine of consumer’s surplus on the score of

(a) inequalities in income;
(b) articles catering to the love of distinction;
(c) the latent assumption that, while the price of the given article   changes, other articles remain the same in price.

Can these objections be met in such way as to leave the doctrine still significant?

  1. Explain in what sense the term “increase of demand” is used when it is said that an increase of demand may cause increasing returns (diminishing cost); and in what sense when it is said that an increase of demand is a result of diminishing cost.
  2. “We might as reasonably dispute whether it is the upper or the under blade of a pair of scissors that cuts a piece of paper, as whether value is governed by utility or cost of production.”
    Explain, illustrate, qualify.
  3. Under what conditions, if under any, is the demand curve positively inclined?
    Under what conditions, if under any, is the supply curve negatively inclined?
  4. A factory building yields a net rental, over all expenses and taxes, of $10,000 a year. The land on which it stands, if let as a site not built on, would yield $5,000 a year. The cost of the building was $100,000; the rate of interest is 5%.
    What is the nature of the return (rental), according to Marshall? In your own opinion?
    Suppose the net rental to decline to $6,000 a year; would your answers be the same?

 

1919-20
HARVARD UNIVERSITY

ECONOMICS 11
Final. 1920.

  1. Explain briefly:

Joint Demand,
Derived Supply Price,
Law of Substitution.

  1. “The United States already possesses a much larger population than Great Britain, a population moreover, as a whole, on a somewhat higher level of comfort, and therefore furnishing a more intense ‘effectual demand.’ Even supposing the same amount of concentration of capital, relatively, to be brought about in Great Britain as in America, the average size of concerns would be less than in the United States, because the market to be divided is smaller. As a result the cost of production in America per unit would necessarily be less.” Do you agree?
  2. “When the artisan or professional man has once obtained the skill required for his work, a part of his earnings are for the future really a quasi-rent of the capital and labor invested in fitting him for his work, in obtaining his start in life, his business connections, and generally his opportunity for turning his faculties to good account; and only the remainder of his income is true earnings of effort. But this remainder is generally a large part of the whole. And here lies the contrast. For when a similar analysis is made of the profits of the business man, the proportions are found to be different: in his case the greater part is quasi-rent.”
    Is this distinction tenable? And is quasi-rent not to be regarded as true earnings of effort?
  3. “At the present day, in those parts of England where custom and sentiment count for least, and free competition and enterprise for most in the bargaining for the use of land, it is commonly understood that the landlord supplies, and in some measure maintains, those improvements which are slowly made and slowly worn out. That being done, he requires of his tenant the whole producer’s surplus which the land thus equipped is estimated to afford in a year of normal harvests and normal prices. . . . In other words, that part of the income derived from the land which the landlord obtains, is governed, for all periods of moderate length, mainly by the market for the produce, with but little reference to the cost of providing the various agents employed in raising it; and it therefore is of the nature of a rent. . . The more fully therefore the distinctively English features of land tenure are developed, the more nearly is it true that the line of division between the tenant’s and the landlord’s share coincides with the deepest and most important line of cleavage in economic theory.”
    What is the line of cleavage here described by Marshall? And do you consider it the deepest and most important?
  4. “The last three chapters examined the relation in which cost of production stands to the income derived from the ownership of the ‘original powers’ of land and other free gifts of nature, and also to that which is directly due to the investment of private capital. There is a third class holding an intermediate position between these two, which consists of those incomes, or rather those parts of incomes, which are the indirect result of the general progress of society, rather than the direct result of the investment of capital and labor by individuals for the sake of gain.”
    Explain what is the third class; and what is the relation of cost of production to income in each of the three classes.
  5. Do the earnings of great business ability represent a “cost” according to Walker? Marshall? Fetter?
  6. Explain what Hobson means by economic cost and by human cost; and which kind of cost he believes to be incurred in connection with (a) economic rent, (b) the savings of the working classes, (c) the earnings of exceptional ability.
  7. “We have in the theories of usance and of rent all that is essential and fundamental to theories of labor-value and of wages. Man’s services and wealth’s uses move in parallel lines and are of parallel nature in contributing to the securing of income. Human actions directed toward some desired end constitute a usance of human beings; they are valuable services just as the work of domestic animals, the uses of tools, and the motions of machinery are valuable uses of wealth. These valuable services, partly rendered directly to persons and partly embodied in goods, constitute labor-incomes, comparable to the usance of wealth, the wealth-incomes.”
    What would Fisher say to this? Hobson? What is your own view?
  8. Wherein is there resemblance, wherein difference, between the views of Fetter and of Clark as regards:

(a) Waiting and abstinence,
(b) The productivity of capital,
(c) Interest.

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Course Enrollment
1920-21

[Economics] 11. Professor Taussig.—Economic Theory

Total 39: 26 Graduates, 1 Graduate Business, 1 Senior, 10 Radcliffe, 1 Other.

Source: Harvard University. Reports of the President and Treasurer of Harvard College, 1920-21, p. 96.

 

1920-21
HARVARD UNIVERSITY

ECONOMICS 11
Mid-Year. 1921.

Arrange your answers in the order of the questions

  1. “Adam Smith says ‘that the difference between the real and the nominal price of commodities and labour is not a matter of mere speculation, but may sometimes be of considerable use in practice.’ I agree with him; but the real price of labour and commodities is no more to be ascertained by their price in goods, Adam Smith’s real measure, than by their price in gold and silver, his nominal measure. The labourer is only paid a really high price for his labour when”, —
    Complete the closing sentence, as you conceive that Ricardo would have completed it. Explain also how Ricardo would ascertain the real price of commodities, and how Adam Smith would have done so.
  2. “The fundamental truth, that in all economic reasoning must be firmly grasped and never let go, is that society in its most highly developed form is but an elaboration of society in its rudest beginnings, and that principles obvious in the simpler relations of men are merely disguised and not abrogated or reversed by the more intricate relations that result from the division of labor and the use of complex tools and methods.”
    — H. George.
    “The minor premise [in Ricardo’s reasoning on value and prices] is the assumption that it is natural that in a tribe of savages things should exchange in proportion to the labor required to produce them. The major premise is, that what is natural in the earliest must be natural in the most advanced states of society.” — Cliffe-Leslie.
    Can it be said that Ricardo’s method of reasoning on value is substantially different from George’s on wages? If so, wherein?
  3. Compare concisely the treatment by (a) Ricardo, (b) J. S. Mill, (c) Cairnes, of the differences of wages in different employments, and the relation between such differences and the values of commodities.
  4. “Mr. Longe puts the case of a capitalist who, by taking advantage of the necessities of his workmen, effects a reduction in their wages, and succeeds in withdrawing so much, call it £1000, from the Wages-fund; and ask how is the sum, thus withdrawn, to be restored to the fund? On Mr. Longe’s principles the answer is single, — ‘by being spent on commodities’; for it may be assumed that the sum so withdrawn will, in any case, not be hoarded. . . . The answer, therefore, to the case put by Mr. Longe is easy on his principles; and I am disposed to flatter myself that the reader who has gone with me in the foregoing discussion will not have much difficulty in replying to it upon mine.”
    What is the answer on Cairnes’ principles? Would Mill have given the same answer?
  5. Is Cairnes’ doctrine concerning the causes determining the rate of profits the same as Mill’s? as Ricardo’s?
  6. What does Mill mean by the equation of supply and demand; what does Marshall mean by the equilibrium of supply and demand?
    Which method of analysis is preferable, if either, in case of (a) wheat after a very abundant harvest; (b) an increase in the demand for a commodity made with much fixed plant under competitive conditions; (c) a patented article.
  7. (a) “In regard to production in general, a dominant difference between machines and land is that the supply of land is fixed (though in a new country, the supply of land utilized in man’s service may be increased); while the supply of machines may be increased without limit. For if no great invention renders his machines obsolete, while there is a steady demand for the things made by them, they will be constantly on sale at about their cost of production; and his machines will generally yield him normal profits on that cost of production, with deductions corresponding to their wear and tear.”
    (b) “The deepest and most important line of cleavage in economic theory . . . is the distinction between the quasi-rents which do not, and the profits which do, directly enter into the normal supply prices of produce for periods of moderate length.”
    Are these two statements consistent with each other?
  8. Explain:

internal economies,
external economies,
law of increasing return,
successive costs curve.

  1. It has been argued that a protective duty is advantageous in that, by causing the domestic output to be greater, it brings into operation the tendency to increasing returns and thus causes prices to become lower. Is the argument sound?

 

1920-21
HARVARD UNIVERSITY

ECONOMICS 11
Final. 1921

Arrange your answers in the order of the questions. One question may be omitted.

  1. It has been maintained that Walker’s analysis of the relation between business profits and wages involves reasoning in a circle. In answer it has been said that in speaking of “wages” as the residual constituent, wages at large are had in mind; whereas when defining the no-profits men, the wages of a particular limited class are referred to. Do you believe that, with this explanation, there is circular reasoning? without it?
  2. “The simplest and clearest mode of stating the theory of general wages is, in my judgment, to say that wages are determined by the discounted marginal product of labor. Let attention be given to the two elements in this somewhat cumbrous formula: ‘margin’ and ‘discount.’. . .
    “It has been assumed [in intervening passages, here omitted] that the discounting takes place at the current rate of interest. Here we must be on our guard against reasoning in a circle. In previous chapters, interest has been accounted for, in part at least, by the fact that there is a ‘productivity’ of capital; it results from the application of labor in more productive ways. If this were the whole of the theory of interest, we should reason in a circle in saying that wages are determined by a process of discount.”
    Would the reasoning appear to be open to the charge? and if so, how can it be met?
  3. “In the classical political economy, the relation of the rate of interest to distribution was entirely misconceived. Distribution was erroneously regarded as a separation of the income of society into ‘interest, rent, wages, and profits.’ By ‘interest’ of course was meant, not the rate of interest, but the rate of interest multiplied by the value of the capital ‘yielding interest.’ But we have seen that the value of the capital is found by taking the income which it yields and capitalizing it by means of the rate of interest. To reverse this process, and obtain the income by multiplying the capital by the rate of interest, is proceeding in a circle.”
    Was there such a circle in the classical reasoning, e.g., as you find it in Mill? Whom do you suppose to be the writer of this passage?
  4. “Each capital good, before it is sold or worn out, produces a sum of value that enables the owner of the good to purchase or make another good of the same character, which in its turn possesses the power of replacing itself by a successor of equal value. The capital goods of this year are, therefore, not merely the successors in time of those of last year, now mostly destroyed; they are, economically, the offspring of the capital goods of the earlier period, and they have the same power of replacing themselves with other goods having the power of self-replacement.
    “It is, of course, to be understood that this self-replacement is neither automatic nor inevitable. We may say that under certain conditions a particular capital good will add something to the total product of an industry, but not enough to keep itself in repair and replace itself when worn out. Under other conditions a capital good will just do this; under still other conditions a capital good will add to the product of an establishment not only enough for its own repair and replacement, but a surplus besides. . . . Intelligent action on the part of the owner of such goods is essential to the truth of this proposition; but such action may generally be taken for granted.”
    What do you say? Whom do you suppose to be the author of the passage? [Hand-written note: A. S. Johnson]
  5. State the reasoning by which Clark supports the proposition that interest is the specific product of capital; and the grounds on which Böhm-Bawerk dissents from that proposition.
  6. Would Marshall admit that “there is an element of true rent in the composite product that is commonly called wages, an element of true earnings in what is commonly called rent”? Your own view?
  7. “The ‘law of distribution’ which emerges is that every owner of any factor of production ‘tends to receive as remuneration’ exactly what it is ‘worth.’ Now this ‘law’ is doubly defective. Its first defect arises from the fact that economic science assigns no other meaning to the ‘worth’ or ‘value’ of anything than what it actually gets in the market. To say, therefore, that anybody ‘gets what he is worth,’ is merely an identical proposition, and conveys no knowledge.”
    Is this criticism of “marginalism” valid?
  8. “If the peers and millionaires who are now preaching the duty of production to miners and dock laborers desire that more wealth, not more waste, should be produced, the simplest way in which they can achieve their aim is to transfer to the public their whole incomes over (say) $5000 a year, in order that it may be spent in setting to work, not gardeners, chauffeurs, domestic servants, and shopkeepers in the West End of London, but builders, mechanics, and teachers.”
    Explain what you conceive to be meant by “waste” and “wealth” in this passage; what Hobson might be expected to say to it; and what is your own view.

________________________________

Course Enrollment 1921-22 not published

The Annual Report of the President and the Treasurer of Harvard College 1921-22 does not include enrollment statistics by course for some reason.

Source: http://pds.lib.harvard.edu/pds/view/427018645?n=1&s=4&printThumbnails=no&oldpds

 

Course Description
1921-22

 

[Economics] 11. Economic Theory. Mon., Wed., Fri., at 2.30. Professors TAUSSIG and YOUNG.

Course 11 is intended to acquaint the student with the development of economic thought since the beginning of the nineteenth century, and at the same time to train him in the critical consideration of economic principles. The exercises are conducted mainly by the discussion of selected passages from the leading writers; and in this discussion the students are expected to take an active part. Attention will be given to the writings of Ricardo and J. S. Mill, and to representative modern economists.

Source: Division of History, Government, and Economics, 1921-22. Official Register of Harvard University, Vol. XVIII, No. 20 (April 21, 1921), p. 68.

 

1921-22
HARVARD UNIVERSITY

ECONOMICS 11
Mid-Year. 1922.

Arrange your answers strictly in the order of the questions.

  1. Does Walker’s analysis of the relation between wages and business profits involve reasoning in a circle?
    Suppose that the “no profits” business man were defined by Walker in the same terms as those used by Marshall in describing the representative firm; would your answer be different?
  1. “We might find, for example, that though the absolute quantity of commodities had been doubled, they were the produce of precisely the former quantity of labor. Of every hundred hats, coats, and quarters of corn produced, if
The labourers had before

25

The landlords

25

And the capitalists

50

100

And if, after these commodities were double the quantity,
of every 100

The labourers had only

22

The landlords

22

And the capitalists

56

100

In that case I should say that wages and rent had fallen and profits risen; though, in consequence of the abundance of commodities, the quantity paid to the labourer and landlord would have increased in the proportion of 25 to 44.”
What is the precise ground on which Ricardo would say that under these conditions wages and rent had fallen, profits risen?

  1. (a) “The cause of profit is that labor produces more than is required for its support.”
    (b) “The capitalist may be assumed to make all the advances and receive all the produce. His profit consists in the excess of the produce above the advances.”
    (c) “We thus arrive at the conclusion of Ricardo and others, that the rate of profits depends on wages; rising as wages fall, and falling as wages rise. In adopting, however, this doctrine, I must insist upon a most necessary alteration in its wording. Instead of saying that profits depend on wages, let us say (what Ricardo really meant) that they depend on the cost of labour.”
    Consider which of these statements of Mill’s, if any, is in strict accord with Ricardo’s doctrines.
  2. It has been said, —

(a) that rent is due to the niggardliness of nature, not to her bounty;
(b) that the law of diminishing returns refers to the quantity of produce obtained from land, not to its value;
(c) that intensive cultivation is profitable only when the prices of agricultural products are high;
(d) that if all land were equally advantageous and all were occupied, the income derived from it would partake of the nature of a monopoly return.

Which of these statements would you accept, which reject?

  1. “The latent influence by which the values of things are made to conform in the long run to the cost of production is the variation that would otherwise take place in the supply of the commodity. The supply would be increased if the thing continued to sell above the ratio of its cost of production, and would be diminished if it fell below that ratio. But we must not therefore suppose it to be necessary that the supply should actually be either diminished or increased. . . . Many persons suppose that . . . the value cannot fall through a diminution of the cost of production, unless the supply is permanently increased; nor rise, unless the supply is permanently diminished. But this is not the fact; there is no need that there should be any actual alteration of supply; and when there is, the alteration, if permanent, is not the cause, but the consequence of the alteration in value.”
    What would you expect J. S. Mill to say to this? Marshall? your instructor?
  2. (a) England’s agriculture in case of a war not expected to last long;
    (b) the gradual accretion in the value of land settled by pioneers;
    (c) the earning power of farm-buildings;
    (d) the incidence of a tax on printing presses.
    What link of connection do you find in Marshall’s discussion of these several topics?
  3. Explain, with the utmost brevity and precision of which you are capable:

diminishing returns,
increasing returns,
increase of demand,
standard of living.

  1. It is suggested that a protective duty, by enlarging the total output of a given product within a country, brings into play increasing returns and thereby leads to prices of the product lower than would have been in effect but for the duty. Do you agree?
    Canadian manufacturers maintain that the larger total output of the competing manufacturers in the United States enables the Americans to conduct on a larger scale the operation of their plants and thereby enables them to produce at lower cost than the Canadians. Are there good grounds for the contention?

 

ECONOMICS 11
Final. 1922.
[Questions presumably by A. A. Young and not F. W. Taussig]

  1. “In all countries, and all times, profits depend on the quantity of labor requisite to provide necessaries for the laborers, on that land or with that capital which yields no rent. The effects then of accumulation will be different in different countries, and will depend chiefly on the fertility of the land.”
    What other of Ricardo’s doctrines are implied in the foregoing statement?
  2. “Let us consider whether, and in what cases, the property of those who live on the interest of what they possess, without being personally engaged in production, can be regarded as capital. It is not so called in common language, and, with reference to the individual, not improperly. All funds from which the possessor derives an income, which income he can use without sinking and dissipating the fund itself, are to him equivalent to capital. But to transfer hastily and inconsiderately to the general point of view propositions which are true of the individual has been a source of innumerable errors in political economy. In the present instance, that which is virtually capital to the individual, is or is not capital to the nation, according as the fund which by the supposition he has not dissipated, has or has not been dissipated by somebody else.”—J.S. Mill
  3. In what way, according to Taussig, are nations and non-competing groups of laborers analogous? According to Cairnes?
  4. Are business profits wages or a return on capital, or neither? What would Ricardo say? Marshall? Walker? Taussig? Knight? Your opinion?
  5. Define concisely consumers’ surplus, increasing returns, quasi-rent, uncertainty (as distinguished from risk).
  6. Marshall holds that “a business man working with borrowed capital is at a disadvantage in some trades.” In what sort, and why?
  7. “In the statements that are current, it is said that the final increments of different commodities purchased for consumption at the same cost are, with certain allowances, of the same utility to the purchaser. With the last hundred dollars of the year’s income, the man in the illustration will buy some particular things that he did not have before, and he will add quantitatively to his supply of things of which he has already had a certain amount. If each distinct article on the list costs a dollar, they are all supposed to be of equal utility; but their degrees of utility are, in fact, very unequal. If the modern theory of value, as it is commonly stated, were literally true, most articles of high quality would sell for three times as much as they actually bring. It is well, at this point in the discussion, to make the needed correction of the law of value, inasmuch as group incomes depend on that law, and inasmuch as the distinction on which the correction rests is of cardinal importance in connection with wages and interest.”
    To whom do you attribute the foregoing opinion? What is the “needed correction in the law of value”?
  8. On what grounds does Davenport include land with capital and on what grounds does Marshall exclude it?

Sources:

Harvard University Archives. Prof. F. W. Taussig, Examination Papers in Economics 1882-1935(Scrapbook).

Harvard University Archives. Examination Papers, 1922 (HUC 7000.28, 64 of 284), Papers Set for Examinations: History, Church History,…,Government, Economics, Philosophy,…, Social Ethics, Education (June 1922).

Image Source:  Harvard Class Album:  Taussig (1915), Young (1925).

 

Categories
Bibliography Policy Social Work Wisconsin

Wisconsin. Richard Ely, series editor of Social Science Textbooks for Macmillan

 

Following his series Citizen’s Library of Economics, Political Science and Sociology, Richard Ely of the University of Wisconsin then served as general editor for the series of social science textbooks published by Macmillan into the 1930s. I have been able to provide links to all but two of the titles (and the 1937 edition of Ely’s own economics textbook).

_______________________

SOCIAL SCIENCE TEXT-BOOKS
Edited by Richard T. Ely
New York: Macmillan

OUTLINES OF ECONOMICS [Third revised edition, 1916]
By Richard T. Ely, Ph.D., LL.D. Revised and enlarged by the Author and Thomas S. Adams, Ph.D., Max O. Lorenz, Ph.D., Allyn A. Young, Ph.D.

OUTLINES OF ECONOMICS [Sixth edition, 1937]
By Richard T. Ely and Ralph H. Hess

OUTLINES OF SOCIOLOGY [1919]
By Frank W. Blackmar, Ph.D., and John Lewis Gillin, Ph.D.

THE NEW AMERICAN GOVERNMENT [1915]
By James T. Young, Ph.D.

SOCIAL PROBLEMS [1917]
By Ezra T. Towne, Ph.D.

PROBLEMS OF CHILD WELFARE [1919]
By George B. Mangold, Ph.D.

COMPARATIVE FREE GOVERNMENT [1915]
By Jesse Macy, LL.D., and John W. Gannaway, M.A.

AMERICAN MUNICIPAL PROGRESS [New and revised edition, 1916]
By Charles Zueblin.

BUSINESS ORGANIZATION AND COMBINATION [1913]
By Lewis H. Haney, Ph.D.

HISTORY OF ECONOMIC THOUGHT (Revised Edition) [1922]
By Lewis H. Haney, Ph.D.

APPLIED EUGENICS [1922]
By Paul Popenoe and Roswell H. Johnson, M.S.

AGRICULTURAL ECONOMICS [1920]
By Henry C. Taylor, M.S. Agr., Ph.D.

THE LABOR MARKET [1919]
By Don D. Lescohier.

EFFICIENT MARKETING FOR AGRICULTURE [1921]
By Theodore Macklin, Ph.D.

A HISTORY OF TRADE UNIONISM IN THE UNITED STATES [1922]
By Selig Perlman, Ph.D.

INTERNATIONAL COMMERCIAL POLICIES [1923]
By George M. Fisk, Ph.D., and Paul S. Peirce, Ph.D.

WORKMEN’S COMPENSATION [1924]
By E. H. Downey

INTRODUCTION TO AGRICULTURAL ECONOMICS [1927]
By Lewis Cecil Gray, Ph.D.

GENERAL SOCIAL SCIENCE [1926]
By Ross L. Finney, Ph.D.

OUTLINES OF PUBLIC UTILITY ECONOMICS [1927]
By Martin C. Glaeser, Ph.D.

MATERIALS FOR THE STUDY OF PUBLIC UTILITY ECONOMICS [1930]
By Herbert B. Dorau

AN OUTLINE OF ADVERTISING [1933]
By G. B. Hotchkiss, M.A.

 

Image: From the portrait of Richard Theodore Ely painted during the summer of 1923. Wisconsin Historical Society.