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Cambridge Exam Questions

Cambridge. Economics Tripos Examination Questions, 1923

Eighteen exams constituted the 1923 Economics Tripos at Cambridge University. This post adds them to the collection of transcribed artifacts that constitute the content of Economics in the Rear-view Mirror.

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Links to the 1923 Exams

Part I
English Economic History
Industry and Labour
Economic Theory (Value and Distribution)
Essay on one of seven subjects
Trade and Finance
Recent Economic and General History of Europe
Recent Economic and General History of the British Empire and the United States
Part II
Economic Principles
Public Finance
Subjects for an Essay
Structure and Problems of Modern Industry
Structure and Methods of Government in the Modern World
Distribution and Labour
Political Theory
Money, Credit and Prices
International Law
Economic Conditions in England 1823-1828, and Contemporary Social Thought
The Theory of Statistics

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Earlier and later
Economics Tripos

Links to economics examinations from the Economics Tripos at Cambridge University for other years:

Economics Tripos 1921.
Economics Tripos 1922.

Economics Tripos 1931.
Economics Tripos 1932.
Economics Tripos 1933.

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PART I

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MONDAY, May 28, 1923. 9-12.
ENGLISH ECONOMIC HISTORY.

  1. Summarize briefly the agricultural improvements of the 18th century and point out their influence on the enclosure movement.
  2. “The essence of the Industrial Revolution is the substitution of competition for the mediaeval regulations which had previously controlled the production and distribution of wealth” (TOYNBEE).
    Examine this statement.
  3. “The principles of the Poor Law reform of 1834 were the principles of Elizabethan Statutes.” Discuss.
  4. Explain the objects of the Corn Laws and the causes which led to their abolition.
  5. Indicate broadly the influence exerted by improved means of transport on the progress of the Industrial Revolution.
  6. Consider historically the use of the Income Tax as a means of effecting financial and social reform.
  7. What were the causes of the great depression of 1873-96?
  8. Show how the economic development of England since 1800 is reflected in the present distribution of her population.
  9. What do you consider to have been the principal influences operating during the 19th century to raise the wages of the very poor?
  10. Contrast broadly the character of the economic policy of the State in 1820 with that in the first decade of the present century.
  11. Contrast the situation of the agricultural labourer now with his situation one hundred years ago.

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MONDAY, May 28, 1923. 1.30-4.30.
INDUSTRY AND LABOUR.

  1. If co-operative societies do not charge higher prices than private traders, where does the so-called “divi” come from?
  2. “Trade Unionism has no definite policy in regard to the method of industrial remuneration.” Discuss this statement.
  3. How do you account for the comparative slowness of the development of a Trust movement in British industry?
  4. In what ways can the State most effectively take action to secure industrial peace?
  5. Discuss the advantages and disadvantages of the joint-stock system of business organization.
  6. Give an account of the difficulties of preparing an index number of the cost of living to the working classes.
  7.  “…Wage rates at any moment and in every part of the industrial field can be so adjusted to the demand for labour of various grades, that no unemployment whatever can exist. In other words … unemployment is wholly caused by maladjustment between wage-rates and demand.”
    Comment upon this theory of unemployment.
  8. What do you understand by “sweating”? Indicate the conditions and the types of industrial organization which are most likely to lead to sweating.
  9. Give an account of the main features of the German Cartel system, and compare the Cartels with the American trusts.
  10. If the private control of business is to disappear, what form of business management, do you consider, can most effectively take its place?
  11. “The worst effects of unemployment, privation and physical deterioration, have been prevented” (The THIRD WINTER OF UNEMPLOYMENT).
    “Many of the unemployed are now suffering the progressive deterioration which inevitably attaches to the condition of being maintained without work” (ANNUAL REPORT OF MINISTRY OF HEALTH).
    Examine these two statements bearing upon the present unemployment situation.

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TUESDAY, May 29, 1923. 9-12.
ECONOMIC THEORY
(VALUE AND DISTRIBUTION).

  1. Critically examine the argument that inasmuch as the instruments of production were made by Labour their earnings should go to Labour.
  2. On what grounds are economists justified in making any distinction between the rent of land and (a) the return to exceptional natural ability, (b) the return to acquired skill?
  3. Examine the view that fluctuations of credit are inevitable in an industrial system based on private enterprise.
  4. “In business generally, good luck and bad luck about balance one another; so that the existence of business risks does not affect costs of production.” Examine this statement.
  5. Trace the effects on the remuneration of the various agents of production engaged in any industry as the demand for the products of the industry sinks gradually to zero.
  6. Which do you consider most threatening to the interests of unorganized labour: the monopolistic power of associations of workpeople or that of associations of employers?
  7. What do you understand by the Supply of Labour; do you consider that economic influences play any important part in its regulation?
  8. Examine the view that the greater the proportion of supplementary to prime costs in any industry the more fluctuating will be the value of its products.
  9. “Economists concern themselves with imperfections in the manner in which production is adjusted to demands; they would be better employed in considering imperfections in the manner in which market demands express real needs.” Consider the importance of this criticism.
  10. On the supposition that one motor van employing two men does the same work as two horse vans together employing four men, examine the probable effects on the general level of wages of the substitution of the one for the other.
  11. “Every producer, whether entrepreneur, capitalist or workman, in effect sells his services to society for what they are worth; none therefore can draw from society any greater value than he contributes.” With what limitations would you accept this statement?
  12. “Monopolistic price policy ranges between two limits. At the one extreme it yields results which are more, at the other extreme it yields results which are less, beneficial to the community than would obtain under a régime of free competition.” Elucidate this statement.

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TUESDAY, May 29, 1923. 1.30-4.30.

Write an essay on one of the following subjects:

  1. The educational value of economic studies.
  2. The coming economic age.
  3. Finance, as an engine of social reform.
  4. Economic competition among nations.
  5. The decline of agriculture in Great Britain.
  6. Principles of settlement — Vienna and Versailles.
  7. Incentive in industry.

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WEDNESDAY, May 30, 1923. 9-12.
TRADE AND FINANCE.

  1. Before the war the price of gold was fixed at £3. 17s. 10½d. per oz.; now the price varies from day to day. Explain the reasons for this.
  2. Assume that a Capital Levy is successfully introduced reducing War Loan interest by £150 m. per annum, and that rates of Income Tax are reduced so as to diminish their total yield by a like sum. What would be the chief economic effects of these changes?
  3. To what extent can the Bank of England now control inflation and deflation by means of its discount policy?
  4. Consider the probable effects of a tax on sales, e. a tax on turnover, in this country.
  5. What are the principal factors now governing the London-New York exchange?
  6. Given that England is an exporter of machinery, consider the probable effects on this country of the development abroad of a large and efficient exporting engineering industry.
  7. Consider the proposal to meet the cost of a municipal tramway service by a local rate instead of by the collection of fares.
  8. Given a surplus of £50m. of State revenue over State expenditure, contrast the effects of employing this surplus (a) in reduction of debt, (b) in reduction of taxation.
  9. Discuss the problems arising from the present great accumulation of gold in the United States.
  10. “Whether speculation is good or bad depends partly on the speculator, partly on the conditions in which he operates.” Discuss.
  11. Consider the difficulties of stabilizing the value of the dollar.

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WEDNESDAY, May 30, 1923. 1.30-4.30.
RECENT ECONOMIC AND GENERAL HISTORY OF EUROPE.

  1. “After Trafalgar the war between England and France was to a great extent waged with economic weapons.” Explain the methods and results of this economic struggle.
  2. What measures were taken by the Congress of Vienna to restore a balance of power in Europe?
  3. “Until the middle of the nineteenth century the economic development of Germany was retarded by both political and economic circumstances.” Illustrate this statement.
  4. Discuss the results of the French Revolution of 1830.
  5. Explain the failure of the revolutionary movement of 1848-9 in Italy.
  6. Do you consider that Austro-Prussian rivalry was the chief obstacle to German unity in the period 1815-1866?
  7. In what sense were the years about 1860 a turning point in the agrarian history of modern France?
  8. “The foreign policy of Napoleon III recoiled upon himself.” Is this the explanation of his downfall?
  9. Explain the part played by the State in the industrial expansion of modern Germany.
  10. Compare either the tariff policy or the colonial policy of Germany and France during the period 1871-1914.
  11. “The great war followed inevitably when Germany abandoned the traditions of Bismarck’s foreign policy.” Examine this view.

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THURSDAY, May 31, 1923. 9-12.
RECENT ECONOMIC AND GENERAL HISTORY OF THE BRITISH EMPIRE AND THE UNITED STATES.

  1. “In the early history of both Canada and Australia serious problems were created by the land policy of the government.” Explain and compare these problems.
  2. Compare the position held by the East India Company in India in the years 1783 and 1856.
  3. What were the causes of the break up of South Africa into a group of States in the years 1836 to 1854?
  4. Illustrate the influence of the United States on the economic and political development of Canada.
  5. Compare the difficulties that had to be faced in the federation of the Australian and South African colonies.
  6. What are the causes of famines in India and what measures have been taken to mitigate their severity?
  7. “The making of the constitution was both a more difficult and a more important matter for the United States than winning the war of independence.” Discuss this view.
  8. Explain the reasons why in the United States the Northern and Southern States came to hold different views on the question of slavery.
  9. Discuss the influence of the Civil War on the financial and commercial policy of the United States.
  10. To what principal causes do you attribute the great industrial expansion of the United States since 1880?
  11. In what ways has the settlement of the Pacific Coast influenced the foreign policy of the United States?

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PART II

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MONDAY, May 28, 1923. 9-12.
ECONOMIC PRINCIPLES.

  1. “The whole of economic theory is built on the assumption that people always consciously seek their own greatest pleasure: and now that this assumption is discredited, economic theory is in ruins.” Comment.
  2. Examine fully the conditions under which a nation can impose a large part of the burden of a general import tariff on foreigners, and discuss whether, these conditions have any practical importance.
  3. Discuss the theoretical validity, and the practical consequences, of drawing a distinction between an element of cost and an element of surplus in the payments made to the factors of production other than land.
  4. How far does the theory that each factor of production is rewarded according to its marginal productivity appear to you to be applicable to the profits of business enterprise? Would you make any distinction in this respect between the profits of ordinary trade and manufacture and those of speculation in stocks or produce?
  5. In what sense does competitive price tend to equal “marginal” costs and in what sense does it tend to equal “average” costs of production? Explain the bearing of your answer on the problem of fixing the price of a nationalised coal supply.
  6. Explain carefully the connection between the phenomena of increasing return, joint supply and price-discrimination.
  7. In what circumstances, if any, is it justifiable for particular groups of producers (e.g. rubber-growing companies, building trade operatives) to take concerted measures to restrict output?
  8. “That able but wrong-headed man, David Ricardo, shunted the car of economic science on to a wrong line, on which it was further urged towards confusion by his equally able and wrong-headed admirer John Stuart Mill.” Explain and comment on this judgment of Jevons.
  9. Trace the probable economic effects of providing free and universal travelling facilities within Great Britain and paying for them out of general taxation.
  10. A is the only seller and B the only buyer of a certain commodity. At what point will the price of the commodity tend to settle?

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MONDAY, May 28, 1923. 1½-1½.
PUBLIC FINANCE.

  1. From what sources can government draw the real revenue required to meet an exceptional and temporary emergency such as a war?
  2. What are the principal factors which determine over a period of years (a) the maximum revenue which a government can raise by taxation for expenditure at home, (b) the maximum amount which it can pay as a tribute to foreign governments?
  3. What truth, if any, is there in the maxim that “an old tax is no tax”?
  4. “An income tax differentiates against saving by striking savings both when they are made and when they yield their fruit.”
    An income tax imposes the same burden on income applied to the saving-use as on income applied to the spending-use: hence those who say that it discriminates against saving really mean that it does not discriminate in favour of saving.
    Which of these opinions do you accept? and why?
  5. A government has decided to spend a large sum upon an undertaking which will be completed in three years and will therefore probably yield a net annual revenue equal to the interest (at the rate now current) upon its cost. By what economic considerations should it be guided in deciding whether to raise the sum by a loan or by taxation?
  6. A surplus of revenue over expenditure may be used either to pay off part of the national debt or to reduce taxation. In the present circumstances of this country, which course would be more favourable to the economic welfare of the people?
  7. Compare the following three methods of assisting an “infant industry” in respect of (a) their effectiveness, (b) the cost which they impose upon the community adopting them: (1) an embargo on competing imports, (2) a protective import duty, (3) a bounty on home production.
  8. Discuss the probable economic consequences of exempting from local rates for a period of fifteen or twenty years all working-class houses built in this country within the next three years.
  9. Assuming that a service performed by a local authority is to be aided by a grant from the central exchequer, how far should the amount of the grant depend on (a) the amount and quality of the service rendered, (b) the expenditure of the local authority on the service, (c) the wealth of the locality?
  10. Compare the effects of raising revenue by inflating the currency with those of a general tax on expenditure.

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TUESDAY, May 29, 1923. 9-12.
SUBJECTS FOR AN ESSAY.

  1. Broadcasting
  2. Economic Justice.
  3. “If indeed all the high talent of the country could be drawn into the service of the government, a proposal tending to that result might well inspire uneasiness.”
  4. Prison and the Prisoner.
  5. “Whither France? Whither Europe?”
  6. International Labour Legislation.

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TUESDAY, May 29, 1923. 1½-4½.
STRUCTURE AND PROBLEMS
OF MODERN INDUSTRY.

  1. To what causes do you attribute the present depressed condition of British agriculture? Can you suggest any measures which would promote a revival of this industry without inflicting an economic loss on the community as a whole?
  2. Explain shortly the nature and objects of the system of “deferred rebates” employed by shipping rings. Consider the arguments for and against its legal prohibition.
  3. Describe and account for the form which industrial combination has taken in modern Germany.
  4. In what way and to what extent does an organized produce exchange (a) bear and (b) eliminate the risks of productive industry? Does the Stock Exchange do either?
  5. Classify the principal risks against which insurance is taken out in this country, indicating in each case the type of agency through which insurance is usually effected. Are there any branches of insurance in which a greater measure of State control would promote the economic welfare of the people? Give reasons for your opinion.
  6. Illustrate from the experience of this and other countries the difficulties encountered by self-governing associations of manual workers seeking to undertake business on their own account. In what types of undertaking are these difficulties least serious and by what means can they be reduced?
  7. “Capital and labour have lost the power they once had to attract raw materials; these now attract labour and capital.” Examine this statement in relation to the localisation of industry in the modern world.
  8. Distinguish the various methods by which a nationalised industry might obtain new capital and consider their comparative advantages and disadvantages.
  9. Examine the part played by the wholesale merchant in aggravating or mitigating the cyclical fluctuation of trade.

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TUESDAY, May 29, 1923. 1½-4½.
STRUCTURE AND METHODS OF GOVERNMENT IN THE MODERN WORLD.

  1. “It is the special weakness of the American Federation that in a community distinguished above all others for enormous aggregations of capital the machinery for giving effect to the ideal of social justice is less effectual than it is in any other highly-civilized State.” Explain the meaning of this judgment and discuss its truth.
  2. Contrast and account for the part played by political parties in the British and American systems of government.
  3. “Second chambers are the political failure of the British Empire.” Discuss this statement.
  4. Compare and contrast the methods by which the control of the legislature over either foreign policy or public finance is secured in London, Washington and Paris.
  5. “The parts assigned to the President and to the electorate in the new German constitution are wholly incompatible with the Cabinet system of government.” Discuss this statement.
  6. Compare the part played by the permanent official in the English system of central and local administration with that played by him in either France or Germany.
  7. Explain the different uses made of committees in modern legislatures and discuss their value.
  8. What attempts have been made of recent years to improve methods of election to representative bodies, and how far have they proved successful?
  9. “The policy of His Majesty’s Government is that of… the gradual development of self-governing institutions with a view to the progressive realization of responsible government in India as an integral part of the British Empire.” Explain briefly how far this development has proceeded.

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WEDNESDAY, May 30, 1923. 9-12.
DISTRIBUTION AND LABOUR.

  1. How far would you consider the following phenomena as evidence that the distribution of income was becoming less unequal, (a) an increase in the number of moderate incomes relatively to the number of large incomes, (b) an increase in the number of estates subject to death duties relatively to the total number of the population?
  2. “If the demand for labour in general were distinctly less elastic than is commonly supposed, a number of commonly accepted doctrines would be exploded.” Discuss this statement and give illustrations of the doctrines referred to.
  3. Under what conditions is it economically advantageous to employers to work their machinery continuously by means of multiple shifts? Consider the effects of a more widespread adoption of this method of working and the reasons why it is not, in fact, more widely adopted.
  4. In what respects does a Whitley Council differ from a Trade Board? Estimate the utility of these two institutions and their probable future.
  5. “Unemployment insurance by industry is attractive in theory, but unworkable in practice.” Comment on this view.
  6. “The payment of different district rates for the same class of work leads to an uneconomic distribution of labour and capital between different districts and is, therefore, economically unsound.” Discuss this statement.
  7. “Men work harder after a fall in wages and less hard after a rise.” “A rise in wages is commonly followed by an increase in the efficiency of labour.” How far can these two statements be reconciled (a) with each other, (b) with the facts?
  8. Give some account of existing arrangements for conciliation and arbitration in British trade disputes. In what respects, if any, do you think that we should copy more closely the arrangements of other countries?
  9. Indicate the chief problems of organisation confronting the British Trade Union movement at the present time.

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WEDNESDAY, May 30, 1923. 9-12.
POLITICAL THEORY.

  1. “It is a distinctive trait of medieval doctrine that within every human group it decisively recognises an aboriginal and active Right of the group taken as a whole.” Explain this statement, and show its connection with medieval theories of representation.
  2. If Hobbes’ theory of sovereignty is to-day one of the commonplaces of jurisprudence. ethically and politically we occupy ourselves with erecting about it a system of limitations each one of which is in some sort due to Locke’s perception.”
  3. “Rousseau’s doctrine of the General Will is merely a specious pretext for the coercion of minorities.
  4. “Natural rights are real things, arising from real and permanent facts in our psychology.”
  5. Within what limits do you consider that a government is justified in promoting or discouraging the creation and dissemination of opinion?
  6. What principles should, in your opinion, direct the action of a government in the case of a trade dispute? To what extent, if at all, do these principles require modification where the State, as employer, is party to the dispute?
  7. Examine the implications of the formula “Equality of opportunity,” and discuss its merits as a guide in legislation.
  8. “It is neither possible nor desirable that judges, in administering the law, should be unaffected by current political and social ideas.”
  9. “Liberty, as a principle, has no application to any state of things anterior to a time when mankind have become capable of being improved by tree and equal discussion. Until then there is nothing for them but implicit obedience to an Akbar or a Charlemagne if they are so fortunate as to find one.

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WEDNESDAY, May 30, 1923. 1½-4½.
MONEY, CREDIT AND PRICES.

  1. Explain and illustrate the influence exercised on the general level of prices by changes in the velocity of circulation of bank deposits.
  2. Give an account of the mechanism of dealing in forward exchange, and the forces determining the difference between the spot and forward prices of foreign currencies.
  3. Compare and contrast the banking systems of Great Britain, the United States, and any one other country.
  4. Describe any two index numbers of prices in actual use, and indicate any respects in which it seems to you that they could be improved upon.
  5. Discuss the advisability of immediately abolishing the restrictions on the export of gold from this country in the event of the dollar exchange reaching the pre-war parity.
  6. “The experience of Germany suggests that movements in the exchanges are usually the cause and not the result of changes in the level of prices.” Comment.
  7. Investigate the reasons for which the general level of prices may be permanently higher in one gold standard country than in another.
  8. Discuss the issues raised by the proposal to nationalise the banking system of Great Britain.
  9. Give an account of the gold exchange standard, with special reference (a) to its working in India before the war, (b) to its suitability as a solution of European currency problems.

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WEDNESDAY, May 30, 1923. 1.30-4.30.
INTERNATIONAL LAW.

  1. Discuss the legality of the German submarine campaign during the late war, and whether it suggests any conclusions as to the advisability of drawing up a new code of rules for the future conduct of war at sea.
  2. Suppose Greece made an unprovoked military attack on Bulgaria to-morrow, in what way would the application of the principles of neutrality by other countries differ either from the application which they would have had in June 1914 or from the application which they were given during the Greco-Turkish conflict in 1921 and 1922? Explain the differences.
  3. Discuss the legality of large-scale air-bombardments directed against cities such as London, Paris or Berlin.
  4. What is the mechanism provided in the various Treaties of Protection to racial, religious and linguistic Minorities, or established by the League of Nations, for dealing with complaints that the rights of these minorities have not been observed?
    Discuss its efficacy in the light of other proposals put forward and of the history of the protection of racial, religious and linguistic minorities during the 19th century and during the last three years.
  5. “An unprovoked declaration of war is at once the most immoral and the most legal of all crimes.” Discuss this statement.
  6. In what respects does the Permanent Court of International Justice differ from the Permanent Court of Arbitration? In what respects is it an improvement, and in what ways is it likely to improve the general system of international law?
  7. Discuss shortly any three of the following:
    1. The Venezuela Boundary dispute.
    2. The Newfoundland Fisheries dispute.
    3. The Anglo-French dispute concerning the Conscription Laws in Tunis.
    4. The pending dispute between Germany and the Allied Powers concerning transit through the Kiel Canal.
    5. The “Optional Protocol” attached to the Statute of the Permanent Court of International Justice.
  8. Discuss the proposals which have been made to summon an international conference for the codification of international law, and the relation of these proposals to the question of the obligatory jurisdiction of the Permanent Court of International Justice.
  9. Consider whether the application given to the principle of the Open Door in the A, B, and C Mandates respectively is in strict accordance with the principles laid down in Article 22 of the Covenant of the League of Nations.
  10. Compare the methods adopted for drawing up and bringing into force general international conventions before and since the establishment of the League of Nations, and their results.

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THURSDAY, May 31, 1923. 9-12.
ECONOMIC CONDITIONS IN ENGLAND 1823-1828, AND CONTEMPORARY SOCIAL THOUGHT.

  1. Indicate some of the pitfalls which must be avoided, if an impartial survey of economic conditions is to be derived from the Reports and Evidence of contemporary Parliamentary Papers.
  2. What evidence, if any, is there that the distress of the Hand-loom Weavers was caused by the introduction of machinery?
  3. Illustrate from Huskisson’s Speeches the closeness of the affinity between him and Adam Smith.
  4. What justification is there for calling the early English Socialists “the Ricardian Socialists”?
  5. “Co-operation seeks to put the working classes in that situation where they shall enjoy the produce of their labour, instead of that small part called wages.” (Extract from Address of Robert Owen, Chairman of the First Co-operative Congress.) Show the connection between the purpose of co-operation as thus defined and the future development of the Co-operative Movement in Great Britain.
  6. From what angles did the Emigration Committees of 1826 and 1827 approach their problem; and how far did their recommendations meet the problem which they set out to solve?
  7. How far was Cobbett correct in his view of the reactions of urban growth on rural industries?
  8. Explain exactly the difference between the Combination Acts of 1824 and 1825. On what grounds did the Government defend the modifications introduced by the Act of 1825?
  9. “The real wages of the labourer in a redundant population are no more than according to the habits of the country will enable him to subsist and propagate his race, and he must have the same real wages and will have no more, while the population is redundant, whether the taxes remain or are all repealed.” (PLACE, Diary, 12 Oct. 1826.)
    How far is this a legitimate deduction from the teaching of the Classical Economists?

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THURSDAY, May 31, 1923. 9-12.
THE THEORY OF STATISTICS.

  1. Explain what is meant by two attributes being “associated”; give more than one test of association, and prove the principal properties of the fourfold table (association table).
  2. “In selecting an index-number formula the purpose to which it is put is immaterial.” Discuss this.
  3. Explain the uses of a measure of dispersion, define the principal measures and briefly discuss their relative advantages.
    Find the mean and standard-deviation of the following distribution.
Marks Candidates
10—19 2
20—29 5
30—39 10
40—49 23
50—59 34
60—69 22
70—79 3
80—89 1
Total 100
  1. State the product-sum formula for the correlation coefficient, deduce its principal properties and describe the form of the arithmetic when calculating the coefficient for a grouped correlation table.
    The coefficient of correlation between age at death of father and age at death of son is found to be 0.14: for a character determined solely by hereditary constitution it is estimated that the correlation should be 0.5. Supposing that N deaths can be sorted into two distinct classes, in pN of which the age is determined solely by hereditary constitution, and in (1 – p)N of which the age is purely a matter of chance, find the value of p required to reduce the correlation from 0.5 to 0.14.
  2. If w0, w1, w2, are the numbers living in three successive ten-year age-groups; u0, u1, u2, u3, u4, u5 the numbers in the corresponding five-year age-groups, so that

w= u+ u1,   w1 = u+ u3,   w2 = u4+ u5

show, using Newton’s formula of interpolation, that we may take approximately

u2 = (1/2) w1 + (1/16)( w0 –  w2 ).

  1. What is meant by “standardising” a birth-rate or death-rate? Discuss the possible methods of standardising birth-rates, and their difficulties.
  2. Find the standard error of sampling of (a) the arithmetic mean, (b) the median, and show for what forms of frequency distribution the median will be relatively more stable than the mean.
  3. Explain the problem to be solved in constructing a life-table and the meaning of the columns usually headed lx, px, qx, dx, and mx, giving the principal relations between these quantities.
    Supposing that you already possessed tables showing, for a series of districts, the death-rates for quinquennial age-groups 0-5, 5-10, 10-15, etc., discuss how far the construction of the corresponding life-tables would tend to throw any further light on the differences between them.
  4. Describe and discuss the methods used for investigating, with the aid of the coefficient of correlation, the relations between two quantities varying with the time.

Source: Cambridge University. Economics Tripos Papers, 1921-1926. With the papers set in the Qualifying examinations 1925 & 1926. Cambridge at the University Press 1927, pp. 40-58.

Image Source: Kings College, Cambridge England. Library of Congress Prints and Photographs Division, Washington, D.C. 20540.

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Harvard. Tutorial System and Divisional General Final Examinations, 1920

 

The Division of History, Government and Economics played a pioneering role in implementing the curricular reforms at Harvard College initiated by President A. Lawrence Lowell around the time of the First World War. The Department of Economics was to play a leading role in the administration of the divisional tutors in history, government and economics.

President Lowell wanted to get away from the extreme laissez-faire implicit in the system of electives left by his predecessor, Charles W. Eliot, to combine elements of concentration with distributional requirements that would leave students a guided sovereignty to elect their courses. Divisional General Examinations and Tutors to provide individually tailored instruction and counseling were institutional means seen as necessary to escape “the mere scoring of a given number of courses which might be wholly unrelated”.

“…the individual student must be considered the unit in any plan of college education which allows some range of choice, but which requires also proof of a well-ordered body of knowledge as a condition of graduation…”

In the opinion of the faculty Committee on Instruction the tutorial system should be established to support the best and brightest students to achieve their individual potentials rather than as a support system to provide remedial instructional services for the “mediocre and lazy”. 

“…there is some danger in college work today that we shall give more consideration to the mediocre and lazy student than to the upper third of the class which contains the men who deserve the best training that can be given them and who are to provide the leaders of their time.”

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The General Final Examination and the Tutorial System

       The most important educational change, however, in Harvard College during recent years has been the establishment, as a requirement for the bachelor’s degree, of a general final examination on the student’s field of concentration; the problems which arise in connection with this plan are interesting and complex.

       When the Faculty of Arts and Sciences in 1909-10 voted to require each student to concentrate at least six courses in some single field or in related fields of knowledge, it thereby indicated its belief that knowledge of a subject is of more importance than the mere scoring of a given number of courses which might be wholly unrelated and which were often soon forgotten. Provision was made, at the same time, against undue concentration by a system of distribution, which, however, need not be considered here. Yet the requirement of concentration proved not to secure, in all cases, the choice of courses well related, and least of all did it require, or sufficiently encourage, the student to articulate and complete his knowledge of his field, by himself, through work outside the classroom. The next logical step, therefore, was taken in the autumn of 1912-13 when the Faculty passed the following vote:

  1. That the Division of History, Government, and Economics be authorized to require of all students whose field of concentration lies in this Division, in addition to the present requirements stated in terms of courses for the bachelor’s degree, a special final examination upon each student’s field of concentration; and that the passing of this examination shall be necessary in order to fulfill the requirements for concentration in this Division.
  2. That students who pass this special examination may be excused from the regular final examinations in such courses of their last year as fall within the Division of History, Government, and Economics, in the same way that candidates for distinction who pass a public test may now be excused under the rules of the Faculty.
  3. That this requirement go into effect with the class entering in 1913.
  4. That the Division of History, Government, and Economics submit for the sanction of the Faculty the detailed rules for the final examinations and such a detailed scheme of tutorial assistance as may be adopted before these are put into effect by the Division.

       The examinations thus established were first given at the close of 1915-16. Between that date and the end of the year 1919-20, these general examinations had been given to 444 men, of whom 26 (5.8+%) failed and therefore did not receive their degrees unless they passed the general examinations in some subsequent year; of the 418 who passed, 73 (17.4+%) won distinction and 345 (82.5+%) obtained a pass degree.

       General examinations had been used in the Medical School since 1911-12, and in the Divinity School since 1912-13, so that considerable knowledge of the actual working of such examinations was available by the opening of the academic year 1918-19. Accordingly on December 3, 1918, the Faculty passed the following vote under which a committee of nine was established:

       That a Committee be appointed to investigate the working of the general final examinations for degrees now used in various Departments of the University, and to consider the advisability of employing general final examinations on the fields of concentration in all Departments of Harvard College.

       After studying the subject for some months the Committee came to the conclusion that the advantages of the general final examination, particularly as employed in the Division of History, Government, and Economics, might be stated as follows:

    1. The examination has secured “concentration” in related subjects.
    2. It has encouraged the mastery of subjects or fields rather than of courses.
    3. It has given the Division a survey of the student’s capacity at the end of his college course.
    4. It has provided a more satisfactory method of awarding the degree with distinction than the plan formerly in use.

       The Committee therefore made the following recommendations, which the Faculty adopted April 1, 1919:

  1. That general final examinations be established for all students concentrating in Divisions or under Committees which signify their willingness to try such examinations, and that adequate means be provided to enable such Divisions and Committees to administer these examinations; it being understood that the control of the general final examinations shall rest with the several Divisions and Committees in the same manner as the control of the examinations for honors and distinction now given by them.
  2. That the new general final examinations be first employed for the members of the present freshman class.
  3. That, so far as possible, the adviser to whom each student is assigned, be a teacher in the student’s field of concentration.

       All Divisions had previously indicated their desire or willingness to employ such examinations except the Divisions of Mathematics and of the Natural Sciences. The chief reason for the attitude of the Divisions declining appears to lie in the nature of the subjects which they represent, for Mathematics and the Natural Sciences have, by and large, fairly fixed paths of advancement for the undergraduate, so that an examination in an advanced course is, at the same time, an examination on all the work which has preceded, as may very well not be the case in Literary, Historical, and Philosophical subjects.

       Beginning then, with the year 1921-22, general final examinations on the fields of concentration will be required of all candidates for the bachelor’s degree, save in the Divisions named above. The plan is an experiment, and the experience of at least ten years may be needed before its virtues and defects can be fully estimated; but in the meantime, the successful working of such examinations in the Medical School, the Divinity School, and especially in the Division of History, Government, and Economics under this Faculty, the welcome given the plan by the more serious part of the student body, and the interest in the experiment shown by other colleges, give grounds for entertaining much hope.

       The very plan of a general final examination, however, requires that the student shall select his courses wisely, do work outside his formal courses, and by reading and reflection coordinate the details he has learned into a body of ordered knowledge of his subject, so far as this can be done in undergraduate years. In all this he requires guidance and stimulus. The Division of History, Government, and Economics, therefore, from the first, has employed Tutors whose business it is to guide and assist students, individually, in their preparation for the general final examination. Tutoring for this purpose was, on the whole, a new problem in American education, although Princeton University had made some important experiments with its Preceptorial system, and “advisers” for undergraduates had long existed here and elsewhere; moreover, the Oxford and Cambridge system of Tutors obviously could not be transplanted without change to this country because of the differences in secondary and college education. Therefore it was, and still is, necessary to experiment in methods and to develop men for the work. At first tutorial duties were superimposed on other teaching, thus increasing the total amount of instruction given by those who were appointed Tutors, but this plan proved unwise for reasons which now seem fairly clear, but which were not so easily seen in advance. More recently many Tutors have given all their time to tutorial duties, and in some cases this may always be a wise plan; but it appears probable that in many cases it will be unwise for a Tutor to be excluded wholly from giving some formal instruction in his subject by means of a “lecture” course or otherwise, for it is important that every teacher should grow in depth as well as in breadth of knowledge, and such growth can probably usually be best assured him by having him give a course in the subject which he is making especially his own. At present, then, the arrangement which seems most promising is to provide that, so far as possible, each Tutor who desires it shall use a certain proportion of his time in giving formal instruction with the usual classroom methods, the rest, usually the major part of his teaching, being given in the less formal but equally important work of a Tutor.

       Tutorial work means work with the individual student. General suggestions and directions can be given to small groups about as effectively as to single students; yet since the individual student must be considered the unit in any plan of college education which allows some range of choice, but which requires also proof of a well-ordered body of knowledge as a condition of graduation, the Tutors must generally deal with individual students; and this is the regular method employed at the present time. The Tutor meets the students under his charge every week to discuss with them the reading which they have done, to help them solve their difficulties, and to give them suggestions for their future guidance. The good Tutor is in no sense a coach, but a friendly counselor whose knowledge and wisdom are put at the disposal of his students. Unquestionably the total amount of work now required of each student has been somewhat increased over that formerly exacted, but the amount is not so excessive as to call in itself for any remission of the present requirements of courses. The most important purpose, however, of this work done by the student outside his courses under the direction of the Tutor is to teach him how to learn and how to assimilate his knowledge. Ambitious and able students realize the value of such training and give themselves much of it, becoming candidates for distinction in their fields of concentration; the indolent and slow are content with a bare degree. When more experience has been gained the Faculty may well consider relaxing somewhat the requirements of four courses in the Senior year for candidates for distinction, whose previous records give promise of success; but the pass man deserves no increased opportunities for self-discipline since he will ordinarily have proved that he cannot or will not use them.

       In this connection the question may well be raised whether all men should receive equal attention from the Tutors. That there should be equal opportunities for all until some have shown themselves indifferent or unequal to them is beyond doubt; but when the wills and abilities of men have been well tested, as should ordinarily be the case by the end of the sophomore year, it seems only justice to the willing and able to give them more attention than is bestowed on the men who are content with a pass degree. Of course a chance must be given the repentant laggard to climb into the more deserving, and therefore more favored, group during his last two years. But there is some danger in college work today that we shall give more consideration to the mediocre and lazy student than to the upper third of the class which contains the men who deserve the best training that can be given them and who are to provide the leaders of their time.

       In the vote of April, 1919, the Faculty wisely left each Department or Division free to determine the nature of the assistance to be given students concentrating under it and the means by which such assistance shall be given. The Divisions of Philosophy and of Fine Arts propose to use Tutors, as the Division of History, Government and Economics has done from the beginning of the experiment; the several Departments of Languages and Literatures, ancient and modern, will employ advisory committees. But whatever names and methods are employed, the aim will always be to give the individual student assistance and encouragement in acquiring a body of well-organized knowledge in his field. In this direction apparently lies the next advance in the improvement of instruction in Harvard College.

CLIFFORD H. MOORE, Chairman.

Source: Harvard University. Report of the President of Harvard College 1919-1920, pp. 100-104.

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Related previous posts

Harvard. First Undergraduate General and Specific Exams in History, Government and Economics Division, 1916.

Harvard. Economics degree requirements, A.B./A.M./Ph.D., 1921-1922

 

Categories
Cambridge Columbia Cornell Curriculum Economics Programs Germany Harvard Oxford Teaching

United Kingdom and other countries. Methods of Economic Training. Cunningham Committee Report, 1894

 

The Cunningham Committee report on methods of economic training in the United Kingdom and other European and North American countries from 1894 provides a wonderful overview of the (Western) state of economics education.

Previous posts with information for U.S. economics courses taught in the 1890s can be found in the previous posts:

Chicago, Columbia, Harvard 1893-94

United States. Economics Courses in 23 universities, 1898-99

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Methods of Economic Training in this and other Countries.

Report of the Committee, consisting of Professor W. CUNNINGHAM (Chairman), Professor E. C. K. GONNER (Secretary), Professor F. Y. EDGEWORTH, Professor H. S. FOXWELL, Mr H. HIGGS, Mr. L. L. PRICE, and Professor J. SHIELD NICHOLSON.

APPENDIX

I.— On the Methods of Economic Training adopted in Foreign Countries, by E. C. K. Gonner, pp. 2 ff.

      1. Austria
      2. Hungary
      3. Germany
      4. Holland
      5. Belgium
      6. Italy
      7. Russia
      8. United States of America

II.— On Economic Studies in France, by H. Higgs, pp. 20 ff.

III.—On the Condition of Economic Studies in the United Kingdom, by E. C. K. Gonner, pp. 23 ff.

      1. England
      2. Scotland
      3. Ireland

IN furtherance of the above purpose three reports have been drawn up after due inquiry and laid before your Committee.

These reports, which are appended, bring out very clearly some features of difference between the position of such studies in this and in foreign countries, and, with other information before your Committee, seem to them to call for the following observations. Before proceeding to the consideration of certain particular points they would remark that the growth of economic studies, and in particular the development among them of the scientific study of the actual phenomena of life (both in the past and in the present), have important effects, so far as the organisation of the study and its suitability for professional curricula are concerned. It may be hoped, indeed, that when the empirical side is more adequately represented, the importance of the careful study of economics as a preparation for administrative life will be more fully recognised both by Government and the public.

(a) The Organisation of the Study of Economics. — While fully recognising the great energy with which individual teachers in this country have sought to develop the study of this subject, your Committee cannot but regard the condition of economic studies at the universities and colleges as unsatisfactory. As contrasted with Continental countries and also with the United States, the United Kingdom possesses no regular system. In one place economics is taught in one way, and in connection with some one subject, not infrequently by the teacher of that subject ; in another place in another way, and with another subject. Very often it is taught, or at any rate learnt, as little as possible. In most places this lack of organisation is due to the weariness of introducing elaborate schemes for the benefit of problematic students.. At Cambridge the pass examination which has recently been devised only attracts a few. With regard to the higher study of economics, Professor Marshall, among others, has written strongly of the comparatively small inducements offered by economics as compared with other subjects. He adds: “Those who do study it have generally a strong interest in it; from a pecuniary point of view they would generally find a better account in the study of something else.” Some considerations bearing on this point are offered below, but here it may be observed that the attempts to introduce more system into the teaching of economics, and to secure for it as a subject of study fuller public recognition, should, so far as possible, be made together.

In the opinion of your Committee economics should be introduced into the honour courses and examinations of the universities in such a manner as to allow students to engage in its thorough and systematic study without necessarily going outside the range of degree subjects.

(b) The Position of Economics with regard to Professional and other Curricula. — In most Continental countries economics occupies a place more or less prominent in the courses of training and in the examinations through which candidates for the legal profession or the civil service have to pass. In Austria, Hungary, and the three southern States of Germany this connection is very real, and the nature of the study involved very thorough. The same cannot be said with regard to the northern States of the latter empire, where the importance attached to this subject is so slight as to make its inclusion almost nominal. To some extent or in some form it is regarded as a subject obligatory on those preparing for those callings, or, to speak more accurately, for the legal calling and for certain branches of the civil service in Italy, Spain, Sweden, Norway, Denmark, and Switzerland. In Holland and Belgium, while a certain general knowledge only is required for a few posts or branches of the civil service, a very thorough study is incumbent on those qualifying for the higher branch of the legal profession. In both France and Russia it is an integral and necessary portion of the legal curriculum.

The two studies are cognate, and according to the view of your Committee not only would the institution of an examination in economics at some stage of legal degrees and qualifications be advantageous professionally, but the work of those who had enjoyed a legal training would react favourably on the advance of the science. In addition, economics should receive a much more important place in the Civil Service Examinations.

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APPENDIX I.
On the Methods of Economic Training
adopted in Foreign Countries
.
By E. C. K. Gonner.

The comparative study of the continental and other foreign systems of Economic Education brings out in clear relief certain features of either difference or coincidence which relate respectively to the impulses or circumstances giving this particular study its importance, to the method of study, and, lastly, to its organisation and the degree of success attained in the various countries.

(1) Putting on one side the purely scientific impulse to learn for learning’s sake, which can, after all, affect comparatively few, the inducement to a large or considerable number of students to interest themselves in any particular study must consist in its recognition, either positive or tacit, as a necessary preliminary to some professions or to certain positions. This may, as has been suggested, be either direct and positive, or indirect and tacit; direct and positive, that is, in the case of economics when in either one or more branches they are made part of the examinations admitting to the legal profession and the higher civil service; indirect and tacit when public opinion demands economic knowledge as necessary in those holding prominent positions as citizens or anxious to direct and control their fellows, either by the pen as journalists, or by act or word as statesmen or politicians. The importance of both these motives is, of course, largely increased when they exist in close connection with the purely scientific impulse. By itself this is not sufficient. The exclusion of one study, as economics, from professional or technical curricula, unless counteracted by the existence of a very powerful popular sentiment in its favour, practically removes it from the reach of students who have to make themselves ready to earn their living. Of the two influences, described above, the former, or the actual and positive recognition is given, in some shape or other, in Austria and Hungary, the southern states of the German empire, France, Belgium, Italy, Spain, Switzerland, Sweden, Norway, Denmark, Russia, and Holland. In America, and to some extent in Canada, popular sentiment and interest supply the needful impetus by making economics a tacit requisite for those exercising particular callings. In both Germany and Austria there are signs of the growth of economics in popular appreciation. In Austria, indeed, the circumstances are peculiarly fortunate. Economic instruction is recognised as a matter of serious importance, while, on the other hand, economic knowledge is one of the subjects of the State examinations for the legal and administrative service. In addition, its careful and scientific study is pursued by a fair number of advanced students. In this way Austria occupies a central position among the various nations which range themselves with America at one extreme, where there is no positive or direct obligation in favour of economic study, and at the other extreme, the Scandinavian and lesser Latin countries where all recognition that exists is positive, but where this positive recognition is largely nominal.

It has been urged that the ill-success of economic studies in these latter countries is largely an argument against their inclusion in obligatory curricula—a proposition which probably those who make it would hardly apply to the cases of other subjects. But from the evidence furnished by the countries before us this ill-success can be traced to other causes. It is due, firstly, to differences in the methods of study, and, secondly, to the differences in the thing made obligatory. In South Germany, Austria, and Hungary, economics is obligatory on certain classes of students, and the study of economics is making rapid and satisfactory progress, but then in South Germany, Austria, and Hungary, the method of study is one which commends itself to advanced students and educational critics, and the knowledge required in the examinations is thorough. In the lesser Latin countries, as Spain and Italy, the knowledge which the candidate is expected to show is elementary in itself, largely confined to elementary theory, and a marked unreality is imparted to the whole study, an unreality recognised alike by examiners, teachers, and students. On the other hand, the advantages which economics may receive from its public and positive recognition are borne witness to by those best acquainted with the condition of the study in Germany, where the usages of the north and south differ. Broadly speaking they consist in the removal of economics from the category of unnecessary to the category of necessary acquirements. Many of those who begin the study from compulsion continue it from choice. In America, indeed, the strength of popular sentiment and the ever present interest of politics together with the action of the universities, where nearly all studies, and not economics alone, are put on a voluntary footing, give it an adequate position; but failing the combination of conditions such as these, its absence, both from all professional curricula and from the earlier stages of education, cannot but be regarded as disastrous and unjust.

(2) The method of economic studies is of a certain importance with regard to the subject last discussed. Though it would be unfair to estimate the work, or to judge of the scope of schools of economic teaching from their extreme tendencies, these afford not unsatisfactory means of distinction. Speaking broadly, they may be placed in two groups—those in which the dominant influence is empirical; those in which it is theoretical or abstract. Very few economists, whether teachers or writers, are wholly empirical or wholly theoretical. Some bias, however, they nearly all have, and it is by that they may be ranked for the present purpose. Nor must it be supposed that the distinctions drawn in one country, with regard to these opposing lines of study, at all correspond with those existing in another. In Germany, for instance, the attitude of Professor Wagner is attacked by the members of the historical school— one branch of the empirical—but judged by the standards of France and England he would rank in the main as an empiricist. The theorists of Germany and Austria do little more than assert that theoretical study has its due place and is a necessary part of the equipment of an economist.

When discussing the assertion that compulsory economics, however enforced, tended to issue in perfunctory attendances and poor results so far as interest was concerned, it was urged that these consequences depended largely on the method and nature of study. This is remarkably llustrated by the fact that the countries where such evils are regretted or anticipated are those where the study of economics is mainly theoretic, or where economics is distinctly and openly subordinated to other subjects. Lessons of this latter kind are never thrown away upon students. But with regard to the former, it is not from the southern states of the German empire, or from Austria, that we hear these complaints. There economic study is obligatory, and the economic study involved is two thirds of it empirical in character. In the Latin countries the state of things is very different. The basis of study is, if I may say so, text-book theory, and the position of economics, so far as progress is concerned, is unsatisfactory in the extreme. This has been particularly dealt with in the paragraphs relating to Italy.

In two of the great nations the mode of study practised is largely empirical. In Germany, despite the contrast between different leaders of thought, the importance of this method is well illustrated by the position which the study of Practical or Applied Economics invariably occupies. In America, the study of economic history and of modern economic fact grows into greater prominence year by year.

(3) Turning to the question of success, the question arises at once as to the tests whereby such may be measured. Of these, many, varying from popularity to eclecticism, have been suggested, but possibly the one most suitable is the ability of a system to produce a high general level amongst a good number of students. Something more is required of a system than that it should bring together large audiences for elementary courses, while as for the production of a few very good students, a few will always press to the front through all difficulties, despite systems good or bad, or in the absence of any system at all. But a system that is to be deemed good must place within the reach of all industrious and apt students the means of a good general economic training, while stimulating him to prosecute original and independent work. Further, it should provide these advantages regularly and not intermittently. The way in which these two needs are met in practice can be stated briefly. General training is provided by a systematic series of courses which should include at least Theory of Economics, Applied Economics, and Finance. The seminar, or classes organised like the seminar, offer opportunities for guiding a student into the ways of original work.

Seminar instruction is given regularly in Germany, Austria, Hungary, in the better equipped universities of America, Switzerland, and to some extent in both Sweden and Holland. In Russia the professors may and sometimes do organise seminars or discussion classes. In Belgium classes are held in connection with some of the courses.

With regard to the systems of providing for a good ground knowledge of the leading branches of Economics, classification is rendered difficult by the different methods adopted in the various countries. Some are more, some less thorough. Among the former we may put without hesitation the countries already singled out for notice—Germany, America, Austria, and Hungary.

From the accounts given in detail below it is clear that in these countries the study of economics is advancing. The training is systematic. A fair proportion of students pass from the more general into the more special or advanced courses. The production of work, not necessarily of the first order, for with that we are not dealing, but of the second, or third, or fourth order, is great and still increases.

AUSTRIA.

The position of Economics in Austria is largely determined by its relation to legal studies, by the place, that is, which its various branches hold in the examinations qualifying for the legal profession and for the juridical and higher administrative services. According to the system till recently in force, but now somewhat modified, candidates intending to enter these had to attend certain courses at the universities, and to pass certain examinations varying according to the positions sought. Those entering the legal profession had to pass the first State examination in addition to the three political rigorosa of the university, success in which latter conferred the degree of Doctor. Other candidates only needed to pass the three State examinations. These latter were as follows:— The first (Rechtshistorische Staatsprüfung) was held at the end of the second year of study, and comprised the following subjects: Roman Law, Canon Law, and German Law in its historical aspect. The second (Judizielle Staatsprüfung) was held towards the end of the eighth semester, in the following subjects: Austrian Law, civil, commercial, and penal; Austrian civil and criminal Procedure. At the end of the four years came the third and final examination (Staatswissenschaftliche Staatsprüfung), which alone is of importance so far as the legal recognition of Economics is concerned. The subjects examined in were Austrian Law, International Law, Economics (including Economics, the Science of Administration, Finance and Statistics). The political rigorosa, while they correspond in outline to the State examinations, have some few points of difference both with regard to method and subjects. They, too, are three in number, and may be described as the Austrian rigorosum, corresponding to the second State examination, the Romanist, corresponding to the first State, and the Staatswissenschaftlich, which closely resembles the third State examination, though not including Statistics or Administration. There is no regulation as to the order in which they are to be passed, but that indicated above is customary. Their greater severity may be judged from both the additional length of preparation prescribed and the manner in which they are conducted. The earliest date at which a candidate may pass his first rigorosum is at the end of the fourth in place of the second year. The second and third may follow at respective intervals of two months. The Staatsprüfung is an examination taken by groups of four students, each group being under examination for two hours; but in the rigorosa each candidate is under examination for two hours, spending half-an-hour with each examiner. Both State and university examina tions are oral, and the latter are said to impose a severe strain on both examiner and candidate. In the latter the examiners are the university professors, while in the State examinations these are variously composed of professors, functionaries of the State, and barristers of good standing.

By the law of April 28, 1893, which came into effect in October, the system sketched above underwent certain alterations. A complete separation will be effected between the university examinations or rigorosa, and those qualifying for the legal profession and State services, the former no longer serving as a possible substitute for the second and third of the latter. In addition, some slight change has been introduced into the curriculum and examinations imposed upon students designing to enter these. They will have to attend courses and to be examined in— (a) The Science of Administration (Verwaltungslehre), and with special reference to Austrian Law; (b) Economics, theoretical and practical; (c) Public Finance, and especially Austrian Finance. In addition they must attend lectures (without subsequent examination) on Comparative and Austrian Statistics. These alterations will leave the number of students in the more elementary subjects unaffected, and so far from operating in discouragement of economic and political studies, will, it is hoped, lead to their more thorough prosecution, by raising the degree to a more scholarly position.

The marked recognition of Economics by the State, and the large number of students whose prospects are involved in its successful study, naturally affect the teaching organisation provided by the universities and other bodies.

This is fairly uniform throughout Austria, as apart from Hungary, though the extent to which the subject is pursued, and the variety of its forms, depend mainly on the enthusiasm of particular teachers and the greater opportunities offered by particular universities or other institutions. At the universities the ground plan of work may be described as identical, Economics being taught in the faculty of law. There are certain courses which must be delivered, and at which attendance is obligatory for certain classes of students. These are on National Economy, Finance, Statistics, and the Science of Administration (Verwaltungslehre), which includes instruction in practical economics, public health, army, matters of policy, justice, &c. But in addition to these the teachers, whether professors or privat-docents may, and often do, deliver special courses dealing with more particular subjects. These are not necessarily or usually the same from year to year; and may be described as instruction of an unusually high order, inasmuch as each teacher is accustomed to select for treatment such branch of science in which his own activities and studies lie. The large2 voluntary attendance at such lectures is a testimony to the regard in which economic studies are held among a large body of students.

1Vienna—Prag (German), Prag (Bohemian), Graz, Innsbruck, Krakau (Polish), Lemburg (Polish).
2At Vienna the attendants at special courses varies from 50 to 100.

Seminar instruction is customary, as in Germany. At Vienna there are two seminars, one for Economics, one for Statistics and Political Science (Staatswissenschaft), while in addition there is an Institute of Political Science, attached to all of which are libraries and places for the members to carry on their work in close contact with their professor or his deputy. The members consist in part of young doctors of the university who have recently graduated, in part of those preparing for the examinations of the university, and include, as a rule, several foreigners who have come to Vienna to pursue their studies. The arrangements at the other universities are similar, though in some they lack the completeness displayed at Vienna.

Students who, having passed their examinations with credit, or other wise performed their work to the satisfaction of their teachers, wish to carry on their studies in other countries are eligible for Reisestipendia (travelling scholarships). These are rewarded to encourage study in foreign universities, or to enable their holders to carry out investigations which necessitate a journey. Unfortunately they are but few in number, and as they are open to students of all faculties, few economists can hope to obtain them. Among the more recent holders in Vienna are Professors Böhm-Bawerk, Robert Meyer, Von Phillipovich, and Dr. Stephen Bauer, the two latter of whom published reports on matters studied abroad.

In this way a method of economic instruction has been developed in the Austrian universities which not only provides a large number with a carefully systematised series of courses, but offers to those disposed to more thorough or more special study ample opportunity. The more eager and energetic pass through the courses compulsory for the law degree, in themselves a fitting preliminary to more detailed work, to attendance at the special courses and membership of the seminar; from these they may, if fortunate, advance into the position of travelling or research scholars of their university. Though most of the students at the Economic Lectures are jurists, the attendance frequently includes members qualifying in other faculties, or even more general ‘hearers.’ At Krakau, students of the philosophical faculty form some 20 to 25 per cent of the total. All these students are entirely free so far as their choice of Economic courses is concerned. It is not possible to give the exact numbers of the students to be described respectively as elementary and advanced. The particulars, however, furnished by the various universities permit a rough general estimate. Not fewer than one thousand students undergo the more general courses, thus attaining to a fair systematic acquaintance with the main branches of economic study, while out of that number more than two hundred take special courses and enter the various seminars. This account rather under than over estimates the extent to which economic studies extend. As to the character of the advanced work there is no doubt. As has been pointed out, it is of a high order. But some question has been raised as to the value of the knowledge likely to be attained by the more general student. The variety of subjects required in the examinations either of the university (political rigorosa) or of the State, and the number of courses obligatory on the students, do not allow of an early specialisation.1 But a glance at the nature of the examination, and at the syllabus of the various courses, forbids the inference that the instruction given is of a purely rudimentary nature.

1This, as Professor von Milewski contends, interferes with the scientific character of the various studies required for the degree. As each has to take up several subjects, and to pass examinations in these, he cannot give very special attention to Economics or any other branch of social science in which he may happen to be interested.

Much, it is true, depends upon the personal enthusiasm and force of the teacher, for, despite the obligation of attendance, a dull and unininteresting lecture will rarely obtain the audiences registered to him, many students preferring to buy copies of the course hectographed from the notes of their predecessors in the lecture room, and only troubling themselves to appear at the beginning and end of the semester.

In the University of Krakau, Economics are obligatory, both in study and examination, for the students of agriculture who attend special lectures, apart, that is, from the law students. Instruction in Economics (Political Economy, Finance, and Statistics) is given also at all the Technical High Schools (Technischen Hochschulen) in Austria,1 while attendance at the courses (though without examination) is obligatory at the schools of agriculture, where similar conditions prevail. At the Commercial Academies (Handelsakademien of Vienna and Prague) a course of lectures is given with particular reference to the Economic branches which throw most light on commercial facts and features, and on the relations existing between the various classes engaged in industry and trade. To obtain the diploma of these institutions the lectures are followed by an examination. Courses are provided for the consular service at the Oriental Akademie in Vienna, and for the service of the administration of the army.2 There is also a Fortbildungschule for officials of the railway, where political economy is taught and examined in. Members of these courses are considered specially fitted for the attainment of the higher posts in their service.

1Of these there are six:-Vienna, Brünn, Graz, Prag (German), Prag (Bohemian), Lemburg (Polish). After examination diplomas are granted, which are necessary for those becoming teachers in agricultural schools, and are, it is said, a strong recommendation in the eyes of landlords when engaging their officials, agents, &c.
2An Intendanz-Class for officers willing to serve as Intendanten for the provision of the army.

A knowledge of Economics, duly and doubly certified by registered lecture courses and by examination, is a necessary preliminary to certain careers. Attendance at the university lectures and the attainment of the juridical degree are the qualification for the higher branches of the legal profession (advocate, &c.), and like attendance and degree, or, in the place of the latter, the diploma of public service, are required for all branches of the legal profession and for the whole civil service. Entrance into the consular and diplomatic services may also be obtained through the courses of the Oriental Academy. Further, as has been pointed out above, a certain acquaintance, or supposed acquaintance, with economic studies is considered necessary in some other vocations.

At the present time very considerable importance is attached to economic studies in Austria. Their scientific character is a general matter of care, and an extension of the sphere in which they are obligatory, or at least advisable on the part of those who seek success in their particular calling or profession, is earnestly advocated by some. In the first direction the reforms in the juridical studies at the universities will operate. As Dr. Mataja writes:— ‘Economics will have greater and not less weight.’ On the other hand, and in the other direction, different suggestions have been made. Some advocate the extension of compulsory study to engineers who will become officials and directors in factories, to the employés of the fiscal service, to those attending the more elementary technical schools. Others would like to see schools of political and social science (including Economics) founded in the great industrial centres. Whether these suggestions be carried out or not, they serve to illustrate the feeling which exists, at least on the part of some, with regard to the value of Economics both as a special and as a branch of general study.

HUNGARY.

Economics holds a position somewhat similar to that in Austria. It is obligatory on all students in the faculty of law and political science at the two universities,1 and in the Rechtsakademien (legal faculties, as at Kassa), who must take courses in Economics and Finance before the end of their second year, when they have to pass an examination, among the subjects of which these are included. After the second year their studies bifurcate, according to the degree which they seek (Dr. Juris, or Dr. Cameralium). In order to obtain the former, they must pass an examination in financial law. But if they wish to take the latter degree (Dr. Cameralium), they must pass two rigorosa, among the subjects of which are Economics (theoretical and practical), Finance, Finance Law, and Statistics. The knowledge required in this case is exceedingly thorough, and the degree is of high value in the public service. There are also state examinations which serve as qualifications, though to a lesser extent, for the legal and administrative services. Though easier, they correspond closely with the above. In the universities the system of economic study in its general features resembles that in vogue in Austria, the chief courses being those on Economics and Finance; but both at Budapest and Klausenburg, as, for instance, at Strassburg to take a parallel, these studies belong not to a sole legal faculty, but to a legal and political faculty (Rechts- und Staatswissenschaftliche Fakultät). In addition to successful examinations the candidates have to present a thesis. The possession of the degree of Dr. Cameralium implies a very sound economic training, and it was till lately the chief means of entering the higher civil service both of the kingdom and of the states. Considerable attention is paid to Economics, the seminars being well frequented, and the interest and activity of students great. This is particularly true of Budapest, where the lectures are varied and delivered by a numerous and able staff.

1Budapest, Klausenburg (Kalorsvar).

GERMANY.

The differences in the history and regulations of the various states composing the German empire have led, not unnaturally, to considerable differences in the positions which economic studies occupy. On the one hand, they are affected by the diversity of usage existing as to their connection with the course of study required for the legal profession and the civil service. On the other hand, the particular faculty in which they are included has been determined by reasons possessing little but historical validity.

  1. Prussia.—At the Prussian universities Economics belongs to the faculty of philosophy, and, speaking generally, to that section of this faculty known as the Sciences of the State. A student takes his degree in Economics entirely apart from law, the position of which as a separate faculty unfortunately precludes a student who presents a thesis in one of these two subjects from selecting the other as one of the two collateral subjects which he is bound by regulation to offer himself for examination in. Further, it must be noticed that the degree of doctor in this country, and, indeed, in Germany generally, is not a qualification, as was till recently the case in Austria and still is in certain of the Latin countries. Some assistance it may be in a judicial career, but even then the degree of Doctor Juris has naturally much more value than that of Doctor of Philosophy in the State Sciences.

Nor does Economics occupy an important place in the State examinations which qualify for the legal and administrative services. To enter these a candidate must pass examinations, the first of which is common to both services (referendar Examen). This consists of two parts, the first written and dealing with law, the second oral, which includes, among other matters, the elements of Economics. So subordinate is this subject that, in the opinion of many critics, it hardly counts in the decision as to the eligibility of candidates. The course of examination then bifurcates, some taking that for Justiz-Assessor, others for that of Regierungs Assessor, for neither of which is Economics required. At the latter of these (Reg. Assessor) some knowledge of Economics in its applied branches is said to be highly desirable, but inasmuch as the examination takes place some five years after the conclusion of the university course, the demands it makes are chiefly met by knowledge supplied from books. With regard to the constitution of the examining boards it should be noticed that, even at the referendar Examen, it is not in accordance with common practice to include professors of Economics.

  1. Saxony. —The system recently adopted in Saxony is, in so far as the subordination of Economics is concerned, nearly identical with that of Prussia. In one point it is more favourable to the interests of this subject, the professoriate being invariably represented on the board of examiners.
  2. Reichsland.—In the Reichsland Economics is of no more importance than it is in Prussia.
  3. Saxe Weimar.—In Saxe Weimar, too, it is of but nominal importance in the juridical examinations. There, too, the board of examiners is constituted irrespective of economic requirements, and, as has been caustically said, it is rare to find the examiners academically qualified in the subjects in which they are supposed to examine. The position, in the main, is very similar to that prevailing in Prussia.
  4. Bavaria.— In the chief southern and south-western states Economics holds a more important position in the legal and civil service curricula. Thus, in Bavaria, all students of law, administration, and forest (Landwirth) have to pass an examination in which it forms one of the subjects. The time of the examination is at the conclusion of the four years devoted to legal or other studies respectively, and the presence of the Professor of National Economy among the professorial examiners necessitates due attendance at lectures and thorough study. The second examination for the civil service is technical in character, and only requires economic knowledge in its connection with practical developments and issues.
  5. rtemburg.—In Würtemburg, though Economics forms no part of the strictly legal examinations, in the other State examinations for administrative students it is of very great importance. For these there are two examinations, the first of which, more general in character than the other, takes place at Tübingen, and involves a very considerable acquaintance with Economics.
  6. Baden.—Every legal student, as well as every candidate seeking entrance into the higher employments in the State departments of revenue and administration, must, in his time, attend lectures on, and pass examinations in, the economic and financial sciences.

The varying positions which Economics holds in the examinations qualifying for State and legal employment in the different German states affect a large number of university students who have to pass these examinations, but do not of necessity take a degree. To them the connection of Economics with one faculty or the other in the university cannot be a matter of much importance, but with others the case is different. Students reading for the degree are, as has been already said, restricted now on one side, now on another, as to their choice of collateral subjects for examination. Sometimes they can offer Economics in connection with law, sometimes they cannot. In addition, the influence which kindred studies taught in one faculty may bring to bear on the methods of instruction may, in some instances, prove of not inconsiderable importance even in the case of the students studying for the doctorate. Professor Brentano, however, whose personal experience extends from Leipzig to Strassburg, from Vienna to Breslau and Munich, contends that the varieties of combination matter less than might seem probable. The facultative position of Economics varies considerably. In Prussia and Saxony they find place among the many heterogeneous subjects grouped together in the faculty of philosophy, though in certain places, as at Berlin, they fall into a distinct subdivision. At Berlin they belong to the Staats- Cameral-und Gewerbewissenschaften. At Strassburg (Reichsland) they combine with law to form a Rechts- und Staatswissenschaftliche Facultät. At Tübingen (Würtemburg) a Staatswissenschaftliche Facultät exists independent of the law, a practice identical with that current at Munich (Bavaria). At some universities, as for instance at Jena, economic lectures are largely attended by the students of Landwirthschaft.

A comparison of the studies preliminary to the doctorate in Germany with those in Austria reveals two chief points of difference. At German universities there is little prescription of the course of study, or, indeed, of the methods to be adopted by the student, who within certain wide limits has a perfectly free choice of subjects. But this comparative freedom from restraint is closely connected with the great importance attached to the thesis, a custom which, its critics urge, leads to premature specialisation. In both countries candidates for the civil and legal services are much more closely restricted to definite courses.

In their practical working the systems of the different universities bear a close resemblance, at any rate in their earlier stages. There are three main courses, delivered annually, on pure Economics, Applied Economics, and Finance, all of which, even the first, involve a careful study of economic fact as distinct from hypothesised theory. The extent to which the method adopted in the first course is empirical depends, of course, on the position of the teacher as an adherent of one or other of the opposing schools of economic thought; but, speaking generally, even the least empirical among them would be deemed empirical by those accustomed to English methods. But, in addition to these three annual courses, lectures are delivered on special subjects. At Freiburg (in Baden), in the summer semester of 1891, these were:

    • History of National Economy and Socialism.
    • Agrarian and Industrial Policy, including the Labour Question.
    • History of Statistics.

The list of special lectures at Berlin, to take the most completely equipped of the universities, shows more clearly the wide range of subjects dealt with under the term Economics. In the summer term, 1892, besides the ordinary annual courses, there were courses of lectures on the following subjects:

    • Theory of Statistics.
    • History of Statistics.
    • Statistics of the German Empire.
    • The Economic and Social History of Germany from the end of the Middle Ages to the Peace of Westphalia.
    • History and Modes of Industrial Undertakings.
    • Money and Banking.
    • Early Commercial and Colonial Policy (till 1800).
    • Industrial and Commercial Policy.
    • The Social Question.
    • Forms of Public Credit.

In addition to lectures, necessarily more or less formal, opportunities are afforded for systematic instruction in classes and in the seminar. The latter institution varies considerably, according to the character of the students frequenting particular universities, for its efficiency, and accord ing to the position of the professor undertaking it, for the direction of its studies. Each teacher collects around himself a group of students who follow his method, adopt his attitude, and frequently devote themselves to those branches of economic research which have occupied his attention. Thus, at Strassburg, Professor Knapp’s seminar deals chiefly with agrarian questions; at Berlin, Professor Wagner’s influence is seen in the predominance of finance and financial topics among the subjects discussed. At Munich, to pass to the question of organisation and method, the two professors join in holding a seminar in which “there are about twenty-four young men taking part. Each of them has to undertake some work: the younger ones get a book to read, and have to report on it; the more advanced have to treat a subject after reading several books on the subject; the most advanced have to make a work themselves, the professors aiding them in furnishing material and giving assistance.’ At some universities there are two seminars, at others one. It is a matter for regret that, with all these opportunities, a comparatively small number of students are ranked as advanced. The explanations offered are many, but probably a very adverse effect on the study is produced by the paucity of the positions to which a thorough economic study can serve as an introduction. Teaching posts are few, and the requirements in the State examinations for the legal and administrative services are, if not as in many cases nominal, strictly limited to an elementary knowledge.

In some of the technical schools, and in all the schools of commerce, instruction in some branch of economics forms part of the regular course, and, in these latter, an examination is held. In the former, however, the subjects thus taught are distinctly subordinated to the technical sciences which occupy the chief attention of the students, while in the schools of commerce only those branches receive adequate treatment which bear or appear likely to bear upon commerce in its practical aspects.

HOLLAND.

The connection between the universities and the legal profession is close in Holland, none but doctors of jurisprudence being qualified to practise as advocates. This is a circumstance which has a material effect upon the study of economics, inasmuch as this, in its more elementary branches, forms one of the obligatory subjects of the first examination for the degree. Thus, so far as this one profession is concerned, a certain knowledge of economics is necessitated.

In the higher administrative service no such knowledge is obligatory, but it is considered that officials who possess the degree of doctor of political science have better chances of promotion. For this degree a thorough study of economics is required. In certain other government services demand is made for acquaintance with certain branches of the subject. In the examinations for the consular service the ‘general principles of economics’ and the ‘elements of statistics,’ chiefly with regard to trade and shipping, form subjects of examination. A similar knowledge is required for the diplomatic service. In none of these cases, it should be noted, is attendance at specified courses compulsory. The subject forms part of the examination.

The requirements indicated above explain to some extent the position which economics occupies in the four Dutch universities. It is a necessary subject for two degrees—the doctorate in laws and the doctorate in political science. But the nature of the knowledge required differs greatly. In the former it is elementary, not going beyond the first principles of the theory, while in the latter case the examination necessitates a really careful and detailed study. In addition to the general course of lectures taken by all, candidates for this latter distinction usually attend two other courses, one in capita selecta (taxation, finance, socialism, &c.), and another in statistics. These courses, unlike those at German universities, extend throughout the academic year, i.e. from September to July. For advanced students discussion classes are held, where the students, after a previous study of a chosen subject, meet to discuss it among themselves and with the professor. Before proceeding to the degree of doctor a candidate has to write, and afterwards to defend, a dissertation on some branch of the general science which he has taken up. Thus, in the case of political science, the thesis may be on some economic question. Outside the universities the chief study of economics takes place in the intermediate schools, where, during the fourth and fifth years of the five years’ curriculum, it is taught for two hours weekly by a doctor of political science, or by another teacher duly qualified by a special examination. At the Polytechnic at Delft there is a chair of economics, but neither is attendance at the course obligatory, nor does it form one of the subjects of examination.

BELGIUM.

By the law of 1890, which provides the regulation for higher instruction, political economy is made obligatory for the attainment of the degree of doctor of laws, a distinction proving a professional qualification, and for the grade of engineer, the course for the former involving some forty-five lectures, that for the latter some fifteen. In both cases the subject is taken in the earlier years of study. Students training for these professions would appear to form the great bulk of those attending economic lectures at the universities. In neither case can the course be said to furnish more than elementary instruction.

The universities have made provision outside these State requirements for more advanced students. The candidates for the degree of doctor of political science have to show a more thorough acquaintance with economic subjects. At the University of Ghent the course which is provided for them is considerably longer; still more stringent regulations prevail at the University of Louvain, for the degree of  ‘docteur en sciences politiques et sociales.’ The important regulations are as follows :—

ART. 5.

Pour être admis à l’épreuve du doctorat il faut:

    1. Avoir acquis depuis une année au moins le grade de docteur en droit.
    2. Avoir pris une inscription générale aux cours du doctorat en sciences politiques et sociales et avoir suivi les cours sur lesquels porte l’épreuve.
    3. Présenter, sous l’approbation du président de l’École, un travail imprimé sur un sujet rentrant dans le cadre du doctorat.

ART. 7.

L’épreuve comprend un examen oral d’une heure et demie. Cet examen porte:—

    1. Sur six branches portées comme principales au programme de l’École.
    2. Sur deux branches au moins choisies parmi celles qui sont portées comme branches libres au programme de l’École ou—avec l’autorisation du président de l’École—parmi celles qui sont portées au programme de l’université.
    3. Sur le travail présenté par le récipiendaire.

The list of lectures for the two years’ curriculum, 1892-3, 1893-4, is as follows :-

For the first year—Histoire parlementaire de la Belgique depuis 1830, la législation ouvrière comparée ; le droit public comparé; de la neutralité de la Belgique et de la Suisse; du régime légal des sociétés commerciales en droit comparé.

For the second year—Histoire diplomatique de l’Europe depuis le Congrès de Vienne; l’Evolution économique au XIXe siècle; les institutions de la France et de l’Allemagne; lé régime colonial et la législation du Congo; les associations en droit comparé.

Seminar or class instruction is given at the universities, though the particular form it takes varies with the other organisation provided, and the character of the students. At the University of Ghent a class supplementary to the lectures is formed, where discussion takes place; at Louvain Professor Brants directs a ‘cours pratique,’1 the members of which (some dozen in number) write treatises, discuss economic movements, and make excursions to centres presenting features of economic interest.

1Conférence d’Économie Sociale. Rapport sur ses travaux, 1891-92. Louvain.

ITALY.

Outside the universities there are in Italy but few institutions which give much instruction in economics. Though courses are delivered at the superior schools of commerce, as, for instance, at Genoa, Venice, and Bari, and the Polytechnic School of Milan, which compare in their nature with those existing at similar places in Austria and Germany, the main aim of such schools, and the limited extent to which they are frequented, prevent them from obtaining any control over the development of economic teaching in the country. It is, then, to the universities that we must look for information as to the methods chiefly employed. At them economics is studied as a subsidiary subject to law, being taken by students in their second year. There are three courses at which attendance, or, to speak more accurately, inscription is obligatory on legal students. In the case of the three obligatory courses the attendance is fairly regular, owing, it is said, to the combined effect of the latitude allowed in the teaching of the subject and the position of the professor as examiner. Without passing the economic examinations students cannot attain to legal degrees. The courses are those in Economic Theory and Administration, Finance, and Statistics. According to the condition of the university these are taught by the same or different teachers, in most cases by the professors who are appointed and paid by the State. In addition to these courses others are given at the option of the teachers, either professors or docents. The attendance at these is not good, though in many cases a large number of students enter themselves as a mark of courtesy towards the lecturer. It costs them nothing, as they pay a compound fee, and it benefits him considerably if a docent, as he receives from the State a payment proportionate to the number of students registered for his courses. In addition to the examination, a candidate for the legal degrees presents a thesis which may, and not infrequently does, deal with some economic subject.1 The study of economics is, moreover, obligatory on students seeking the higher official careers. Many complaints are made as to the position occupied by economic studies in Italy. Their connection with law creates no doubt a certain and a large audience in the lecture room; but, as one Italian professor points out, students do not remain there long enough to acquire anything like a sufficient knowledge of the subject. They come from the schools wholly unprepared, and they leave the university without having undergone a training thorough enough to counterbalance the loose economic notions gathered from their more diligent study of the newspapers. The study of economic facts does not seem to have had sufficient place in the universities of Italy. Attempts are now being made to remedy this defect by the formation of discussion societies among the students of economics, and the encouragement of research into statistical and similar questions.

1Professor Tullio Martello calculates that at the University of Bologna some 15 per cent of those graduating in law present a thesis dealing with economics.

At the minor technical schools lectures are delivered on elementary economics, finance, and statistics.

RUSSIA.

The conditions under which Economics is taught in Russia bear a superficial resemblance to those prevalent in the Latin countries, where it is annexed to the study of law, and pursued very much as a subject of secondary importance. Here, too, it forms part of the regular training through which a jurist must pass in his four years’ curriculum. There are three economic courses which he must attend, and in the subject-matter of which he must display sufficient knowledge in the May State examinations. These are on Economic Theory, Statistics, &c., and Finance. In addition to formal lectures, the professors in charge of the subject may, and sometimes do, organise classes, discussion societies, or seminars, though attendance at these is not obligatory.

The provision for further and more detailed study is considerable. A student who has finished his law studies with a diploma of the first degree can remain in the university, if he wishes, for more special research in one or other subject (Roman law, political economy, private law, financial law, &c.), under the supervision of the special professor or professors. Such a student is examined, and, if successful, obtains the title of magistrandus of the subject in question. Then he must present a dissertation and defend it, after which he obtains the degree of magister. After a second dissertation and disputation he attains the higher degree of doctor of his special subject.

UNITED STATES OF AMERICA.

The conditions under which the study of Economics is carried on in the United States of America are widely different from those which prevail in the countries of continental Europe. On the one hand, there is no inducement held out to students by its inclusion among the subjects of state or professional examinations. On the other, there is evidence in the importance which such subjects have assumed at the universities and colleges of a strong public sentiment in favour of their careful study far exceeding that in existence either in these countries or in the United Kingdom. In one respect the regulations of the colleges have had an important effect, independent of the action which they have taken in respect of the strong public demand. Owing to the freedom of the students in most of these institutions from prescribed and compulsory courses of study in most stages of their career, Economics has escaped being relegated, as, for instance, in England, to the position of a subject outside the usual curriculum, and optional only in some one or, perhaps, two stages. Where such prescription does exist it is not deemed a subject necessarily unfit to form part of a compulsory general course. Its inclusion, to some extent, would probably be demanded by the strong public opinion which has grown up during the past twenty years.

The causes of the popularity of Economics are stated with fair unanimity by various writers, though their respective importance is very differently estimated. In the first place, the very novelty of economic studies is itself in favour of their ardent prosecution. Till comparatively recently, it has been said till between 1870 and 1880, they were disregarded because unknown. Now they are seized, studied, and followed because they offer, or seem to offer, an explanation of the vast and complex economic condition which is in process of rapid evolution in this country at once so great and so new. So, too, in England some half century back or more the theories of the economists of that time were received by large numbers as an intellectual gospel. But in the next place the circumstances attending this ‘novelty’ of study have considerable consequences. That the study of Economics is a novel study is important, but it is of equal importance that it is novel at the present time and under present conditions. The American economists have not to shake off the half-uttered, half-silent opprobrium attached to their subject through the action of the more numerous though less conspicuous of their predecessors in their rigid adherence to incomplete or ill-founded theories. They are fortunate in entering upon their teaching at a time when the need of inductive inquiry and training is more fully recognised. This gives a more systematic aspect to the economic instruction demanded from them than was the case in England. In the third place, the campaign in favour of civil service and tariff reform has drawn a great deal of attention to those departments which deal with finance and the more prominent aspects of political life. Lastly, it is urged that the political eagerness which so largely affects the younger generation of Americans combines with the foregoing to crowd the economic lecture rooms with anxious and willing students. Economics is needed by politicians, and ‘we are all politicians,’ writes one professor; it is needed by journalists both because they are keen for political knowledge themselves and because they write for politicians.

The same causes which stimulate economic students have often led to its connection with political science, with history, and in some instances with general sociology.

Returns from several of the universities show the large number of students who attend economic lectures, and the comparatively large number who pass into advanced courses. The universities differ so much among themselves that no common standard of teaching exists. In some the elementary courses are very elementary, in others more thorough than might be concluded from the name. Thus at Harvard these include a study of Mill’s ‘Principles of Political Economy,’ lectures on general theory, or on what is termed descriptive economics, including a survey of financial legislation, while in addition a course is provided on the Economic History of England and America since the Seven Years’ War. In some cases a great part of the junior work consists in the use of text-books, and proceeds rather by class instruction and interrogation than by lecture. Turning to the consideration of the courses organised for the more advanced students, it is highly satisfactory to note the very considerable proportion which these form of the total number engaged in economic study. According to the information collected from various quarters, at Harvard they amount to some 38 per cent; at Columbia College to 41 per cent; at Cornell to 26 per cent. At some others they do not present so favourable an appearance, though at Michigan I am informed that the twenty returned as ‘advanced’ consists entirely of very advanced students, all the others being included under the heading of elementary. No doubt students described as advanced at one institution may not be so regarded at others, for, as has been already suggested, these vary very greatly as regards both their courses and the attainments of their students. With regard to the former, those provided at some of the better known and more highly developed and equipped universities afford a description of the nature of the training offered in the United States. At Harvard the advanced courses for the year 1892–93 are as follows:—

Full courses

    • Economy Theory—Examination of Selections from leading writers.
    • The Principles of Sociology—Development of the Modern State and its Social Functions.
    • The Social and Economic Condition of Working Men in the United States and in other Countries.
    • The Economic History of Europe and America, to 1763.

Half-courses

    • History of Tariff Legislation in the United States.
    • Railway Transportation.
    • The Theory and Methods of Taxation.
    • History of Economic Theory down to Adam Smith.
    • History of Financial Legislation in the United States.

At Columbia College the courses are as follows:—

    • Elements of Political Economy.
    • Historical and Practical Economics.
    • History of Economic Theories.
    • Science of Finance.
    • Science of Statistics.
    • Railway Problems.
    • Financial History of the United States.
    • Tariff and Industrial History of the United States.
    • Communism and Socialism.
    • Taxation and Distribution.
    • Sociology.

At Cornell the lectures which succeed the purely elementary ones are not quite so full, but consist of courses on—

    • Economic Reforms.
    • Finance.
    • Economic Legislation.
    • Statistics.
    • Economic History.
    • Financial History of the United States.

There are few universities which do not offer some courses beyond these on elementary theory and history. As a rule, finance and some other branch of applied economics are added. Where graduate schools have been established, as, for instance, at Harvard and at Michigan, the study proceeds very much on the lines indicated above, so far as the former is concerned. At Michigan, the advanced courses are distinguished into intermediate and graduate. Intermediate courses treat of the following:—The Transportation Problem. Principles of the Science of Finance. Theory of Statistics. History and Principles of Currency and Banking. History of the Tariff in the United States. History and Theory of Land Tenure and Agrarian Movements. Industrial and Commercial Development of the United States. History and Theory of Socialism and Communism. History of Political Economy. Graduate courses:–Critical Analysis of Economic Thought. Critical Examination of the Labour Problem and the Monopoly Problem.

Most universities have, in addition, established seminars, where study proceeds on the lines with which continental students are familiar. Individual members, in most instances graduates, and all advanced students, undertake particular subjects on which they prepare reports or treatises to be read and discussed at the weekly meeting. During their researches they are more or less under the direction of the professor or teacher who undertakes the courses in connection with the department of economics under which their subject falls. At Yale there are two seminaries and one discussion society; at Columbia College there is one for students who have studied only one year, two (in Economics and Finance) for those who are more advanced. The value of the work produced differs, of course, with the character of the university. At Harvard and the other more highly developed universities it is naturally very high.

In certain other countries the attention given to the subject of Economics demands for different reasons less detailed notice. In some instances the resemblance to countries already described renders further description superfluous; in others the geographical limitations of the country, or the comparative absence of opportunities for such special branches of the higher education, necessitate a much slighter notice than that given to the foregoing countries.

In Spain the connection between economic and legal studies is very similar to that existing in Italy. Students of the first and second year attend courses in Economics and Finance, Statistics being apparently nowhere insisted upon. At some of the universities an attempt is made to supplement these elementary courses by conferences and by visits, both to industrial undertakings, as factories, mines, &c., and to financial establishments, as banks; while the introduction of sociological institutes or seminars is looked for at others, as, for instance, at Oviedo.

In Sweden ‘there are two professors of political economy, one at the University of Upsala, one at the University of Lund, both belonging to the Faculty of Law, and teaching in addition to Political Economy some purely juridical subjects. There are also two professors in Politics and Statistics, one at Upsala, one at Lund, both belonging to the Faculty of Arts, and teaching at their discretion, Public Law, either Swedish or foreign, and Statistics.’ ‘The two professors of Political Economy in the Faculty of Law have to prepare and examine all the students who go in for the State examinations for entrance to the different branches of the civil service. But as Political Economy possesses very little importance in any of the three forms of these examinations, as compared with Jurisprudence, little stress is laid on its study in this faculty. Of the two other professors, one (at Upsala) lectures chiefly on Politics, the other on Statistics, both these studies being optional for the two arts degrees. The theory of Political Economy is not taught. Seminar instruction is arranged to supplement that given in the lecture courses.

In Norway, at the University of Christiania, the system is nearly identical with that of Sweden. There, too, it is found that, owing to the complete subordination of Economics to Law, the knowledge required is elementary in character.

The same impulses which direct the attention of young Americans to the study of Economics are felt in Canada. At the University of Toronto the importance attached to such studies is adequately shown by the large attendances present at the several courses. These courses are carefully arranged and graduated so as to furnish the student with a sound knowledge of the various branches of the subject, and to fit him to undertake, as he is expected to do in his latter years, research into some branch of economic fact.

In Switzerland, the position held by economic studies is, on the whole, at least as favourable as that in the southern countries of Germany. A knowledge of Economics is obligatory on those entering the legal profession, while, owing to the arrangements made, the duty of examining the candidates may, and in practice, I believe, does fall largely on the university professors. Moreover, in the university curricula, the place of economics, so far as Berne is concerned, is very fortunate. True, the subject is optional, as indeed are all subjects for the doctorate, but it may be taken for either the legal or the philosophical doctorate (Dr. Juris, or Dr. Phil.). At the Zürich Polytechnicon it is taught, being obligatory in some form or other for the diplomas of forestry and agriculture. In addition there is a fair voluntary attendance at these lectures. The system of instruction presents no features requiring particular notice. The chief courses are on National Economy and Finance, with the frequent addition of Practical Economics. These are supplemented by special courses at the option of the teacher, and by the seminar.

 

APPENDIX II.

On Economic Studies in France.
By Henry Higgs.

Economic teaching in France, so far as it consists of lectures regularly delivered at the same place by the same person, is to be looked for in—

(i.) The Collège de France, Paris;

(ii.) The Conservatoire des Arts et Métiers, Paris;

(iii.) The Université de France, consisting of the aggregate of local ‘universities,’ or faculties officially recognised, in Paris and the provinces;

(iv.) The free or unofficial faculties and schools in Paris and the provinces, including all the Catholic ‘universities’ (which cannot come to terms with the State on the question of the faculty of theology), the École Libre des Sciences Politiques, Paris, and others.

A certain amount of economic instruction is also imparted in the Écoles supérieures du Commerce, generally endowed by the municipalities of commercial towns. Elementary notions of Economics are officially prescribed as part of the programme of elementary schools.

(i.) It is at the Collège de France that one expects to find leading teachers of Economics in France. The traditions of its chair (which was founded in 1830), and the authority vested in its occupants, added to the attractions of a scientific post in Paris, have been a sufficient inducement for the most eminent economists to offer themselves for appointment here. The stimulus of contact with growing, vigorous, and inquiring minds is not, however, afforded to the professors, and they have to fight against a tendency to fall into prosy sermons and easy repetitions of old theory. No fees are charged to the students, nor is any record kept of their names unless they wish to obtain certificates. The lectures are delivered twice a week (two on Economics by M. Leroy-Beaulieu, and two on Statistics by M. Levasseur), in the afternoons. The auditors are for the most part a casual collection of shifting persons, of whom many are foreigners passing through Paris, who attend once or twice out of curiosity to see the lecturer. There is no discussion either during or after the lectures. The professors are paid a fixed stipend by the State. They appear to regard their lectures in the main as vehicles for the dissemination of generally received economic theory. So far, however, as they employ their leisure in prosecuting original research, their stipends may be regarded as an endowment for the advancement of Economics. Their personal examples are stimulating. It would be difficult to mention two more active economists in Europe. But in their lectures they are perhaps too dogmatic to supply students with the zest of grappling with ‘unsettled questions,’ or with the incentive to enlarge, however little, the bounds of knowledge by pointing out to their hearers the frontiers of ignorance which are often in sight.

(ii.) The oldest chair of Political Economy is in the Conservatoire des Arts et Métiers, and was first filled, in 1819, by J. B. Say. The instruction now given here is of a more popular character, consisting of lectures addressed to the working classes at a late hour of the evening. M. Levasseur delivers a five-year cycle of about fifty lectures a year on Economics, and M. de Foville a four-year cycle on Industry and Statistics. There are on the average from 300 to 400 auditors. They pay no fees. The professors are appointed and paid by the Government.

(iii.) By a law passed in 1877 Economics was for the first time officially incorporated into the organisation of higher education in France, by being made an obligatory subject in the second year’s studies of the faculties of law. Economics in France has, it is said, laboured under the disadvantage of offering no opening for a career. On the other hand, the youth of the country flock to the schools of law, for to lawyers all careers are open— politics, journalism, literature, education, legal practice, and many official appointments. The professor of law is overworked, and the professor of Economics underworked. The faculty of law, therefore, generally expects of its professor of Economics that he shall be able to help in legal instruction and examinations; and there has been a tendency to select a lawyer rather than an economist for these chairs. This reproach, however, is rapidly being removed, and the new professors of Economics are in many cases vigorous and promising in their proper spheres. Economics has recently been transferred from the second to the first year’s programme. The law students are said to show a better intelligence of law now that they also study Economics. It can hardly yet be stated what effect this organisation will produce on Economics itself.

In addition to this obligatory study, Economics may be taken as one of the eight optional courses at a later period of preparation in the law faculties. For this purpose there is generally a special course of lectures on Finance, in which financial legislation is a prominent topic; but the option in favour of Economics is not much exercised.

The professors and lecturers in Economics and (in italics) in Finance in the official faculties of law are as follows:—

Paris. MM. Beauregard, Alglave and Ducrocq; Fernand Faure (Statistics); Planiol (Industrial Legislation); Maroussem (Monographs).
Aix: M. Perreau.
Bordeaux: MM. St. Marc, de Boech.
Caen: MM. Willey, Lebret.
Dijon: MM. Mongin, Lucas.
Grenoble: MM. Rambaud, Wahl.
Lille: MM. Deschamps, Artus.
Lyons: MM. Rougier, Berthélémy.
Montpellier: MM. Gide, Glaise.
Nancy: M. Garnier.
Poitiers: MM. Bussonnet, Petit.
Rennes: MM. Turgeon, Charveau.
Toulouse: M. Arnault.

There are also at Montpellier lectures on industrial legislation by M. Laborde.

(iv.) The position of the Catholic ‘universities’ has already been referred to. While following the lead of the State in associating economics with law, they have the advantage of recruiting among their students a large number of those who desire to enter the Church with a training in economic science as an aid to the study of social problems. The respective professors are MM. Jannet (Paris), Baugas (Angers), Béchaud (Lille), Rambaud (Lyons), and Peyron (Marseilles).

The École Libre des Sciences Politiques, Paris, directed by M. Boutmy, is perhaps the most hopeful academic institution in France for the promotion of economic study. Lectures are given by MM. Cheysson (Economics); Stourm, Dubois de Lestang, Plaffin, Courtin (Finance); Levasseur (Statistics); Dunoyer (History of Economics since Adam Smith); Arnauné Foreign Trade and Customs Laws); Lévy (Banking); P. Leroy-Beaulieu (Colonial Systems); Paulet (Industrial Legislation); and Guieysse (Industrial Problems). In addition to these lectures, which are well attended by paying students, there are discussions and classes for original work on the seminar plan. Travelling scholarships are also given, and excellent work is done, to which the general scheme of instruction largely contributes. The primary function of the school is the thorough intellectual equipment of young officials for the State. Foreign languages, travel, and comparative study of laws and social institutions are encouraged, together with an intelligent interest in history and politics. The personal assistance rendered to individual students by the professors, the seminar, and the scholarships, the comprehensive breadth of view, and the rigid impar. tiality of this school are, as yet, unique in France.

Other economic lectures in Paris which require mention are those of M. Colson, at the École Nationale des Ponts et Chaussées (where the Government non-military engineers and road surveyors are trained), of M. Cheysson at the École Nationale des Mines (also under Government), of M. F. Passy at the École des Hautes Études Commerciales (endowed by the municipality), of M. Émile Chevallier, &c. Lectures (by M. Guérin) are organised by the Société dEconomie Sociale, founded by Le Play. M. Demolins, the leader of a secession from this school, also delivers a course of lectures. There is, on the whole, too much diffusion of separate economic lectures in Paris.

An impressive plea has lately been published by M. Chailley-Bert for the recognition of distinct economic faculties, and for such endowments as will spare professors from the need of spending their time and brains upon accessory sources of income.

APPENDIX III.

On the Condition of Economic Studies
in the United Kingdom.
By E.C.K. Gonner.

Though the full extent of the disadvantages under which economic study in this country suffers can only be realised from a fairly detailed account of its position in the various universities and with relation to certain professions, it will not be out of place to preface this report with a few words as to their nature.

(a) In the first place it is a matter of serious concern that economics is not regarded as a necessary part of any professional curriculum. This particular hardship, however, might be faced with comparative equanimity were there existent in this country, as for instance in the United States of America, a strong body of popular feeling in support of its study and its efficient teaching. But, despite frequent assertions to the contrary, I believe, and in this I shall have the concurrence of many colleagues engaged in teaching, that there is no such body of feeling. Its absence has been variously accounted for. To a great extent it is no doubt part of the legacy of distrust and misunderstanding due to the false view of Economics placed before a former generation, and it will probably be a long time before the popular conception of an economist as a compound of text-book theory and ignorance of fact can be entirely dispelled.

(b) Owing largely to the early prominence of the abstract school of economic thought in England the position which the subject holds in the University curricula is far from satisfactory. It is treated as a subject narrow in scope and subordinate—necessarily and naturally subordinate— to other subjects. But this is by no means the position which it should hold, and now that the importance of the studies of economic fact and administration is more clearly seen, the impossibility of effective teaching within the prescribed lines has become glaringly apparent. At present indeed English economic teaching is without a regular system. It is usually supposed that prescribed University courses should offer a means of systematic training in the various subjects, the pass courses of ordinary training, the honours courses of advanced and thorough training. So far as Economics is concerned, this is precisely what the Universities do not provide. With one possible exception they offer at the present time little more than isolated opportunities of showing economic knowledge in examinations primarily devoted to other subjects.

In the United Kingdom the encouragement of the study of Economics rests entirely with educational bodies. So far as professional examinations and curricula are concerned it meets with almost universal neglect. This is wholly so with regard to the examinations qualifying for the practice of law, either as barrister or solicitor, and partly so in the case of the Civil Service Examinations. For these latter Economics may be taken up, as may almost any other subject included in the Sciences and Arts. It is not recognised, that is to say, as more cognate to the administrative callings for which these examinations qualify, than is Chemistry, for instance; indeed, in comparison with many of these other subjects it is at a discount owing to the smaller maximum of marks assigned to it. In other words, it is excluded from the legal curriculum; in the Civil Service Examinations it is an optional but not an important subject. Elementary Political Economy is one of the optional subjects in the examination for chartered accountants, and is obligatory on candidates for the voluntary examination recently instituted by the Institute of Bankers.

At the Universities it receives an insufficient recognition in the degree courses, but as its position varies a great deal a brief summary of the usages of the various Universities with regard to it may be given. Degrees are granted in England by the five Universities of Oxford, Cambridge, Durham, London, and Victoria; in Scotland by the Universities of Edinburgh, Glasgow, Aberdeen, and St. Andrews; in Ireland by Trinity College and the Royal University of Ireland.

ENGLAND.

At Oxford it is an optional subject which may be taken up as one of the three selected subjects for the pass B.A. degree. As studied for this examination it is mainly elementary and largely theoretical, many of the questions relating to certain prescribed portions of the works of Adam Smith and Walker. To pass this examination, for which the yearly number of candidates presents an average of two hundred, demands common sense and a fair general acquaintance with leading Economic topics. A paper on Economics is included among those set in the Honour School of Modern History.

At Cambridge the position occupied by Economics in the University curricula is far more satisfactory. In some shape or other it forms part of three degree examinations. All candidates for the ordinary pass B.A., after passing the general examination, have to take up a special subject for their concluding study. Of these, sixteen in all, there are seven arts special subjects, one of which is Economics. The special examination in Economics (Political Economy) consists of two parts, which may be taken at separate times:—

Part I.—Three papers.

    • Two in General Economic Theory.
    • One in Economic History.

Part II.—Three papers.

    • Two in Taxation and Economic Functions of Government, with History of Trade and Finance, 1760–1860.
    • One in General Theory of Law and Government.

In the Moral Science Tripos (Honour B.A.) there are six obligatory papers, two being assigned to Political Economy (i.e. Theory), while in addition advanced Political Economy ranks as one of the optional subjects, two of which must be passed in by a candidate desirous of being classed. Lastly, in the Historical Tripos (Honour B.A.), one paper is in Economic History, the paper on general History of England also being supposed to require some Economic knowledge. Further, candidates who desire it may take Political Economy and theory of Government with International Law as an alternative to the study of a second special subject. Of these three examinations the one which seems most satisfactory, so far as Economics is concerned, is the special for the pass B.A., which embraces at once the four important branches of administrative, theoretical, historical, and financial Economics, and it is to be regretted that it has not yet been possible to organise an Honour examination on corresponding lines, but wider and more advanced. Were such in existence it would furnish English students with similar encouragement to systematic study and similar opportunities to those provided in the better developed Continental schools.

In the University of Durham, in addition to the obligatory subjects, two optional subjects have to be chosen by candidates for the degree. These are selected out of a number of subjects, of which Economics is one. The knowledge required is not of an advanced nature.

In the University of London Economics holds no position but the somewhat unfortunate one of an optional subject for candidates proceeding from the B.A. to the M.A. degree in Moral Science, a position which at once restricts the number of students likely to study it, and prevents its study from extending beyond the knowledge of general theory. It is not a subject, either optional or obligatory, at any other examination.

In the Victoria University Economics, comprising Political Economy and Economic History, forms one of the twelve optional subjects, of which two have to be selected for the final year of study by candidates for the pass B.A. degree, the two other subjects being more or less restricted. Economic Theory or History may also be taken in conjunction with Modern History as one subject by candidates who wish, for instance, to take Modern History but not Ancient History. As, however, nearly all the other subjects are, with some difference of standard or period, subjects at the Intermediate or Second-year Examination, in some instances compulsory, and again in certain cases subjects at the final examination, the study of Economics, involving as it does the entry of the student upon a wholly new subject during his final year, is naturally discouraged. Further, Economic Theory (Political Economy), like any other arts or science subject, may, by permission, be substituted for one of the two selected general subjects, Ethics or Modern History, at the intermediate stage of the Law degree (LL.B.). A course of lectures in Political Economy has to be attended by candidates for the Honours degree in History. It is not a subject in the examination.

SCOTLAND.

By the regulations of the Commission applicable to all Scotch Universities Economics holds a two-fold position.

(a) With regard to the ordinary M.A. examination, it is one of the three optional subjects which have to be selected out of the usual arts and science subjects. In all, seven subjects must be taken, but of these four are more or less prescribed. The course which must be attended consists of at least 100 lectures.

(b) It is further a compulsory subject for the first examination for the Agricultural B.Sc. In this case the knowledge required is much slighter, and naturally much more closely related to rural economy.

IRELAND.

At Trinity College Economics is part of one of the seven groups in which the Honour degree may be taken, the other subjects in this group being History and Law. All candidates for the law degree must be graduates in Arts, but not necessarily graduates in honours, or if in honours, in this particular group. It is also included among the options for the pass degree.

In the Royal University of Ireland Economics (Political Economy) is an alternative with Ethics in one of the three groups, one of which must be passed by candidates for the ordinary pass B.A. In the examinations for the Honour degree (B.A.) it, with Civil and Constitutional History and General Jurisprudence, constitutes one of the six groups open to the student. It holds a very similar position in the examination for the M.A. degree.

—————————

The foregoing account shows clearly how little opportunity is given for the systematic study of Economics as a preliminary to degree examination, and especially in the case of honours. It is certainly very unfortunate that an able student anxious to graduate in honours is almost precluded from devoting a large amount of attention to the study of Economics.

In face of this tacit discouragement, so far as examinations are concerned, the provision for teaching made in many places by colleges and universities is almost a matter for surprise. At both Cambridge and Oxford it is satisfactory in all but one respect. It is varied, copious and comprehensive, but—and this is a matter of regret—it is not systematic. At each of these universities there is a professor engaged in active teaching, while other lecture courses are provided by college lecturers. At the universities and colleges in the rest of England the provision for teaching is of necessity less complete. At those best equipped, instruction in Economics depends on the energy and vigour of a single teacher, supplemented, perhaps, by an occasional course of lectures by some other Economist, while at the rest, if taught at all, it is attached to the duties of a teacher principally engaged in, and probably principally interested in, teaching some other subject, for, as a general rule, the teaching of Economics in conjunction with some other subject has meant little more than that the teacher of some other subject has had to give a course of lectures on General Economics. At two of the three colleges of the Victoria University Economics has separate teachers, at Liverpool one holding the rank of professor, at Manchester one holding that of a lecturer. At Leeds, on the other hand, there is no teacher of Economics. At the other university colleges in England the two London colleges possess each a professor, though the professor at King’s College delivers Economic lectures only during the six winter months. At the University College, Nottingham, Economic lectures are delivered by a professor at the same time engaged in teaching history and literature. The other colleges (Birmingham, Bristol, Sheffield, and Newcastle) at present make no provision for teaching a subject which they find so discounted as a subject for examination.

In Wales two of the University Colleges (Aberystwith and Cardiff) have made some sort of provision for Economic teaching by the appoint. ment of lecturers in History and Political Economy, while at Bangor Economics is tacked on to the duties of the Professor of Moral Philosophy.

In Scotland there is a fully instituted chair of Political Economy at the University of Edinburgh, and measures are in progress for the endowment of a Professorship at Glasgow, where the Economic work has recently been performed by a lecturer acting as assistant to the Professor of Moral Philosophy. At St. Andrews a yearly course of lectures is delivered by the Professor of Moral Philosophy.

In Ireland, at Trinity College, Dublin, there is a Professorship of Economics. At the Queen’s Colleges of Belfast, Cork, and Galway this teaching is combined with that of Jurisprudence, and limited to a very short portion of the year. Owing to the great differences existing between the courses delivered at the various institutions, and the entirely diverse character of the respective audiences, it is impossible to give any satisfactory statistics of attendance. From most quarters come complaints. Indeed, with the two possible exceptions of Oxford and Cambridge, it is difficult to imagine a more complete indifference to the scientific study of Economics than that displayed at the present time.

In addition to lectures, more informal instruction is often imparted to more advanced students, but the formation of a seminar in Economics has been undertaken but seldom, if at all. That this is due not to lack of will on the part of the teachers in those colleges where Economic teaching is entrusted to a separate teacher, but mainly to the singular deficiency in advanced or even moderately advanced students, is shown by the readiness with which individual instruction, often involving much sacrifice of time, is given to such students when they do present themselves. Such an institution can be successfully introduced only when Economic studies are so recognised as to be able to attract the abler students in a university or college.

Attempts to develop popular Economic instruction by means of evening classes, and separate courses of lectures, have been made by the University Colleges and other institutions, and by the Societies for the Extension of University Teaching; and at some of the former particular attention has been paid to the Economic teaching, noticeably at Owens College, Manchester, and University College, Liverpool. The class of students attracted to these lectures may be spoken of very favourably. From the reports and information supplied by the Societies, it would seem that though the attendance at Economic courses, when given, is good, the demand for them is not very great. The interest shown in the subject in some one or other of its branches is said to be reviving—certainly to be greater than it was some few years ago. There has been a decided increase in the demand for lectures on Economics, and subjects partially economic, during the last two years.

Economic studies in England require at the present time organisation and encouragement. As to the ability of English Economists and the quality of their contributions there can be no doubt; but, when compared with continental countries, England is sadly lacking in the number of Economic students. Where they have many, she has few. As has been said, this is largely due to the unfortunate positions to which Economics has been relegated in many Universities, and its neglect so far as professional callings are concerned. On the other hand, the revival of interest in Economic matters, so abundantly manifested, makes it more than ever desirable to provide means and opportunities for sound scientific training.

Source: Methods of Economic Training in this and other Countries. Report of the Cunningham Committee, Report of the Sixty-Fourth Meeting of the British Association for the Advancement of Science held at Oxford in August 1894, pp. 365-391.

Also: at the Biodiversity Heritage Library Website; and at Harvard College Library, Gift of the Overseers Committee to visit the Department of Economics.

Image Source: William Cunningham page at the Trinity College Chapel website.

 

Categories
Cambridge Exam Questions

Cambridge. Political economy exam from the moral sciences tripos, 1856

 

Here is a relatively early specimen of a university examination in economics. This jewel from the University of Cambridge in 1856 was recovered from the Internet archive where there are discoveries still to be made.

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POLITICAL ECONOMY.
[Moral Sciences Tripos, February 1856]

  1. State any views of Political Economy, wholly or partly correct, which are found in Greek or Latin authors previous to the Christian Era, as to (1) Mines, (2) Money, (3) Commerce, (4) Banks of Deposit.
  2. Explain the origin and use of Metallic and of Paper money.
  3. What were the notions which prevailed in the early part of the 18th century as to enriching a country by means of the balance of trade? What were their foundation and error?
  4. Explain the way in which the National Wealth is increased, (1) by commerce between different parts of the same country, (2) between a country and its colonies, (3) between a country and foreign nations, and examine the exceptions thereto which Adam Smith suggests.
  5. What regulates the price of a commodity according to Ricardo? How far is his view reconcilable with that which supposes it to be regulated by supply and demand?
  6. Separate into its component parts the clear income derived by a farmer from the cultivation of his own land.
  7. On what do the wages of unskilled labour depend? Explain how they are affected by the increase or diminution of Capital.
  8. Explain the effect of the English Poor Laws upon population previously to the introduction of the present system in 1834.
  9. State Adam Smith’s view of productive and unproductive labour; and in what points and by what reasons Lord Lauderdale and Mr Garnier have endeavoured to shew its errors and imperfections.
  10. In what cases and to what extent does a tax imposed upon the production of any commodity immediately fall on the producer or on the consumer ultimately?
  11. Give the reasons for and against providing for a greatly increased national expenditure during one or a few years wholly by immediate taxation; or by loan with additional taxation sufficient only to pay the interest of the loan.

 

SourceCambridge Examination Papers Being a Supplement to the University Calendar for the Year 1856. Moral Sciences Tripos (February, 1856), pp. 78-79.

 

Categories
Cambridge Chicago Economists LGBTQ Northwestern

Chicago. Economics Ph.D. alumnus, “gay godfather” and mentor. Roger Weiss, 1955

Milton Friedman wrote a recommendation for two University of Chicago economics graduate students to receive fellowships from the Earhart Foundation in 1953. Friedman’s letter was transcribed for the previous post that focussed on Gary Becker, who was the unambiguous first choice in Friedman’s eyes. In addition to adding to our stock of economics Ph.D. alumna/us stories, Economics in the Rear-View Mirror introduces the LGBTQ label here with Friedman’s second candidate for an Earhart Foundation fellowship, Roger William Weiss (Chicago, Ph.D., 1955). 

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Roger William Weiss. (1930-1991) Dissertation “Exchange Control in Britain, 1939-1952”, Ph.D. awarded Winter Quarter 1955.

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AEA Profile from 1969

WEISS, Roger William, academic; b. Bronxville, N.Y., 1930 stud., Northwestern U., 1946-48; M.A., U. Chicago, 1951, Ph.D. 1955; stud., Cambridge U., Eng., 1951-52. COC.DIS. “The British Exchange Controls, 1939-52,” 1954. PUB. “Economic Nationalism in Britain in the Nineteenth Century” (H.G. Johnson, Ed.), Econ. Nationalism in Old and New States, 1967; The Economic System, 1969; “The Case for Federal Meat Inspection Examined,” Jour. Of Law and Econs., Oct. 1964. RES. American Colonial Monetary System. Asst. prof., Vanderbilt U., 1953-57; pres., N. Weiss & Co., Inc., 1957-63; asso. Prof., U. Chicago since 1966. ADDRESS 1415 E. 54th St., Chicago, IL 60615.

Source: The American Economic Review, Vol. 59, No. 6, 1969 Handbook of the American Economic Association (Jan., 1970), p. 467.

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U. of Chicago obit for Roger W. Weiss

Roger Weiss, AM’51, PhD’55, professor in the social sciences since 1963, died March 7. His specialty was the role of economics in the arts and the international trade of art works. His books included The Economic System and The Weissburgs: A Social History, a history of his own family. He was also a member of the governing board of the Chicago Symphony Orchestra. Survivors include his mother, Irene, and a brother, John.

Source: University of Chicago Magazine, Vol. 83, No. 5, June 1991, p. 44.

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Roger Weiss and his partner, Howard Brown, in the University of Chicago gay community

Roger Weiss AM 1951, PhD 1955. Professor in the College and division of social sciences. Partner Howard Mayer Brown (1930-1993), Ferdinand Schevill distinguished service professor of music.

Professors Howard Brown and Roger Weiss were “out” by many standards. The University agreed to a “spousal hire” for the couple in the 1960s, and the two hosted parties for gay students and faculty in their home until Roger’s death in 1991, and Howard’s death in 1993. Bob Devendorf (AB 1985, AM 2004) remembered Howard and Roger as “gay godfathers” and mentors, while John DelPeschio (AB 1972) treasured the intergenerational community they fostered: “I felt as if I were entering a more adult world.”

However, Brown and Weiss’ refusal to participate in political actions and “come out” in the broader public sphere sometimes frustrated younger gay men like Wayne Scott (AB 1986, AM 1989), as he describes in this article. Jim McDaniel (AB 1968) remembers Howard saying “I don’t really care what anybody knows, I just care what I have to admit.”

Source: Closeted/OUT in the Quadrangles. A History of LGBTQ Life at the University of Chicago

 

Image Source: Senior year picture of Roger W. Weiss from the 1946 Hyde Park High School Yearbook, The Aitchpe.

 

Categories
Cambridge Exam Questions Gender

Cambridge. Local Examinations Syndicate’s Political Economy and Logic Exams, 1870-72

This post provides three years’ worth of exams for the subjects of political economy and logic that constituted Group D of a battery of exams created and graded by fellows and tutors of the University of Cambridge that were taken by women wishing to become teachers and needed to have their educational achievements certified. The volume from which the following information has been transcribed covers the period 1870-1872. Miscellaneous examination rules/procedures and examiners’ reports have been included as well. Texts by John Stuart Mill,  John Elliott Cairnes and Adam Smith were the primary material for the political economy examinations with John Stuart Mill’s Logic and works by Richard Whately, William Thomson and Alexander Bain covered in the logic examinations.

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Backstory of the University of Cambridge Local Examinations Syndicate.

Cambridge Assessment was established as the University of Cambridge Local Examinations Syndicate (UCLES) by the University of Cambridge in 1858. [It was] set up to administer local examinations for students who were not members of the University of Cambridge, with the aim of raising standards in education. [UCLES] also inspected schools.

[…]

1858

UCLES, The University of Cambridge Local Examinations Syndicate was formed to set school leaving examinations for non-members of the university. The Syndicate comprised thirteen university academics (one as Secretary) who would set regulations, write question papers, preside over examinations, mark scripts and make the awards. The examinations were held in December to avoid conflict with the Oxford Examinations in July and the first centres were in Birmingham, Brighton, Bristol, Cambridge, Grantham, Liverpool, London and Norwich.

1862

It was decided that the Syndicate’s remit be extended to offer inspections to schools as part of the examination programme offered by the University of Cambridge.

1864

The first overseas examinations were held by UCLES in Trinidad where six candidates took the Cambridge Senior Examinations.

1868

After a successful trial in 1863 by candidates from the North London Collegiate School and a subsequent petition to the University, girls were officially allowed to enter for the Cambridge Local Examinations on the same basis as boys.

1869

The Higher Local Examinations were introduced, initially for women over eighteen who wished to become teachers. Although the HLE was discontinued in 1922 it had, by then, spawned the Certificate of Proficiency in English, the longest surviving of all UCLES examinations.

http://web.archive.org/web/20200719152624/https://www.cambridgeassessment.org.uk/about-us/who-we-are/our-heritage/

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University of Cambridge. Examination for Women.
Examination Papers for the Examination held in July, 1870
with lists of Syndics and Examiners
to which are added the Regulations for the Examination in 1871.

Cambridge: Printed at the University Press, 1870.

https://archive.org/details/examinationforw00unkngoog/page/n7/mode/2up

EXAMINATION FOR WOMEN.
[p. 4]

The following Scheme of Examinations for Women was sanctioned by Grace of the Senate, Oct, 29, 1868.

  1. That an Examination be held once in every year for women who have completed 18 years of age before the 1st of January of the year in which the Examination takes place.
  2. That this Examination be under the superintendence of the Syndicate constituted by Grace of the Senate February 11, 1858 for the conduct of the Examinations of Students who are not members of the University.
  3. That the Examinations be held in such places as the Syndicate may approve.
  4. That the Candidates be required to pay fees at the discretion of the Syndicate.
  5. That every Candidate be examined in Religious Knowledge unless she declare in writing her objection to such Examination.
  6. That neither the names of the Candidates nor any Class Lists be published.
  7. That the Candidates who have satisfied the Examiners receive Certificates, and those who have passed the Examination with credit. Certificates of Honour.
  8. That this Scheme continue in force for three years, so as to include the Examinations of 1869, 1870, and 1871.

RECOMMENDATIONS TO LOCAL COMMITTEES.
[p. 7]

  1. The Examination room must be large enough to accommodate all the Candidates.
  2. Desks must be provided so as to allow to all the Candidates at least four feet in length apiece, without requiring them to be seated on opposite sides.
  3. The desks for drawing must be so placed that the Candidates may have the light upon their left hand, unless the room be lighted from the top.
  4. A table in each of the Examination rooms, and one drawer or cupboard furnished with lock and key, will be required for the use of the Examiner.
  5. Pens, ink, writing and blotting paper must be provided. The paper must be of the size called “Cambridge Scribbling Demy.” Each sheet should be cut in four, and may be ruled or not. If ruled, the ruling of each quarter-sheet should be parallel to the shorter sides. Paper of this size can be procured from Spalding and Hodge, 145, Drury Lane; King and Loder, 239, Thames Street; Batty, Partington and Son, 174, Aldersgate Street, London; and from all Stationers in Cambridge.
    The quarter-sheets must have a hole punched in the left-hand top corner, and pack thread or the metal binders sold by Perry and Co. should be provided in order to fasten each student’s papers together.
  6. The Local Committee should arrange so that at least one of their number may attend in the Examination room.
    The writing-paper, &c. should be distributed for the use of the Candidates ten minutes before the hours fixed for the commencement of work.

Examiners for Political Economy and Logic for July 1870
[p. 6]

The following gentlemen were appointed by the Syndicate

Examiner in Political Economy for July 1870:  Rev. J. B. Mayor, M.A. late Fellow of St. John’s College.

Examiner in Logic: Ref. F. J. A. Hort, M.A. late Fellow of Trinity College.

Examination Questions for July, 1870

GROUP D.
Thursday, July 7, 1870. 4 to 6 ½

Political Economy.
[p. 50]

  1. Classify the advantages derived from Division of Labour.
  2. Distinguish between Price, Cost, Value in Use, and Value in Exchange. On what does the last depend?
  3. Examine the consequences of the substitution of machinery for hand labour in general, and particularly in the case of agriculture.
  4. Give an account of Cottier Tenure, explaining what is meant by Conacre and Tenant Right.
  5. Give a short account of the English Poor Law at the present time. What objections have been made to it?
  6. What are the principles which should guide the practice of Almsgiving?
  7. What are the uses of a Circulating Medium? Point out the mischiefs arising from its depreciation. What were the French Assignats?
  8. The use and abuse of Trades Unions.
  9. What regulates International Values?
  10. Discuss whether the expenses of a war should be met by Loan or Tax.
  11. Mention the principal errors of the Political Economists who preceded Adam Smith.
  12. The influence of Political Economy upon English legislation during the last forty years.

 

Wednesday, July 6, 1870. 12 to 2.

Logic.
[p. 51]

  1. Distinguish the several uses of language for purposes of thought. What are meant by First and Second Intentions?
  2. In what sense have words been compared to counters? Shew to what extent the comparison is just, and where it is misleading.
  3. What is meant by Division in Logic? State and exemplify its rules. Give instances of cross-division.
  4. Explain the saying that the subject of a judgement is in the predicate, and the predicate in the subject. Point out the various aspects of the double relation here intended.
  5. Explain and exemplify the Fallacy of Interrogation. What is meant by its being classified as a Fallacy of Ambiguous Middle?
  6. A. “The sky is cloudy; so we may expect rain.” B. “Yet it has been cloudy for some days, and not a drop has fallen.” A. “All the more reason for the rain to come now.” Put these three arguments into a logical form, supplying whatever is assumed; and examine the validity of each.
  7. What do you understand by Deduction, and what is its use in scientific investigation?
  8. Describe the characteristics of Empirical Laws. Why are they called laws, and why empirical?
  9. What are the respective advantages of observation and experiment?
  10. Explain distinctly what is meant by a classification according to Natural Groups. How is such a classification related to the classification involved in all use of general names?

Regulations for the Examination in 1871.
[pp. 63-66]

UNIVERSITY OF CAMBRIDGE.
EXAMINATIONS FOR WOMEN.

There will be an Examination, commencing on Monday, July 3, 1871, open to Women who have completed the age of 18 years before Jan. 1, 1871.

Candidates will be examined in such places as the Syndics appointed by the University may determine.

The Syndicate will entertain applications from places where 25 fees at the least are guaranteed. Application must be made not later than April 1, 1871.

Before any application for an Examination can be approved, the Syndicate must be satisfied as to the following points:—

That there is a Committee of ladies who will efficiently superintend the Examination, one of whom will undertake to act as Local Secretary.

That this Committee will see that suitable accommodation can be obtained by Candidates who are strangers to the place.

That a responsible person will be at hand to receive the Examination papers from the conducting Examiner and collect the answers.

Committees wishing to have Examinations held in their several districts, may obtain all necessary information from the

Rev. G. F. BROWNE.
St Catharine’s College, Cambridge.

*  *  *  *  *  *  *  *  *  *

  1. Every one admitted to Examination will be required to pay a fee of forty shillings. After a Certificate has been obtained, the fee in any subsequent year will be twenty shillings.
  2. Papers will be set in the subjects grouped and numbered as below. Every Candidate who has not already passed in group A is required to satisfy the Examiners in all the papers set in that group, with the exception that the papers in Religious Knowledge may be omitted by any Candidate who at the time of her application for admission to the Examination declares her objection to be examined in Religious Knowledge.
  3. The Candidates who satisfy the Examiners will receive Certificates to that effect, and those who pass the Examination with credit, Certificates of Honour. Every Certificate will specify the subjects in which the Candidate has passed.
  4. No Certificate will be granted to any Candidate who has not passed in group A and also in one of groups B, C, D and E.
  5. The names of the Candidates who pass in each group will be placed alphabetically in three classes. If a Candidate specially distinguishes herself in particular parts of the Examination, the fact will be notified by endorsement on her Certificate. After each Examination notice of the result will be sent to the home of each Candidate.
  6. A Candidate who passes in group A, but not in the further subjects necessary for obtaining a Certificate, will not be examined in the papers in that group in any future year in which she may go in to the Examination for the purpose of obtaining her Certificate.
  7. No Candidate will be examined in more subjects than the subjoined Time-table will allow.
    After passing in group A, Candidates may be examined in other groups in subsequent years.
    A schedule of books recommended by the Syndicate is appended to each group. But it is to be understood that such schedules are not intended to limit the studies of the Candidates or the range of questions in the papers set by the Examiners.

GROUP A.

  1. *Religious Knowledge.
  2. Arithmetic.
  3. Outlines of English History from the Norman Conquest to the reign of George IV. inclusive. Detailed knowledge of the period from the accession of Charles I. to the death of Cromwell will be required. A knowledge of Geography, so far as it bears on this subject, will be expected.
  4. *English Language and Literature.
  5. Every Candidate in this group will be required to write a short English Composition.

*The papers in these subjects may be taken again in subsequent years by Candidates who wish to obtain distinction in them.

GROUP B.

1. Latin. 2. Greek. 3. French. 4. German. 5. Italian.

Passages will be given for translation into English from the books mentioned in the subjoined schedule, and questions will be set on the language and subject matter of the books. In each language passages will be given for translation from some other authors, and passages of English prose for translation into each.

A knowledge of one of the five languages will enable Candidates to pass in this group. For a Certificate of Honour a knowledge of two will be required.

In the papers in French and Italian, the connexion between these languages and Latin will be included; but a knowledge of Latin will not be insisted upon as necessary for either the Pass or the Honour Certificate.

GROUP C.

  1. Euclid, Books I. II. III. IV. VI. And XI. to Prop. 21 inclusive.
  2. The elementary parts of Algebra; namely, the Rules for the Fundamental Operations upon Algebraical Symbols, with their proof; the solution of Simple and Quadratic Equations; Arithmetical and Geometrical Progression, Permutations and Combinations, the Binomial Theorem and the principles of Logarithms.
  3. The elementary parts of Plane Trigonometry, so far as to include the solution of Triangles.
  4. The simpler properties of the Conic Sections, treated either geometrically or analytically.
  5. The elementary parts of Statics, including the equilibrium of Forces acting in one plane, the properties of the Centre of Gravity, the laws of Friction, and the Mechanical Powers.
  6. The elementary parts of Astronomy, so far as they are necessary for the explanation of the more simple phenomena.
  7. The elementary parts of Dynamics, including the laws of Motion, Gravity, and the Theory of Projectiles.

A knowledge of the first two of these subjects will be required to enable a Candidate to pass in this group. For a Certificate of Honour, a knowledge of two at least of the remaining five will be required in addition.

GROUP D.

1. Political Economy. 2. Logic.

A knowledge of one of these subjects will enable a Candidate to pass in this group. For a Certificate of Honour, a knowledge of both will be required.

GROUP E.

1. Botany. 2. Geology and Physical Geography. 3. Zoology. 4. Chemistry (theoretical and practical).

A knowledge of one of these subjects will enable a Candidate to pass in this group. For a Certificate of Honour, a knowledge of two of them will be required.

GROUP F.

1. Music 2. Drawing.

A paper will be given in the latter subject containing questions on the History of Art

Every Candidate in Drawing is required to bring with her to the Examination one finished drawing, or painting, executed by herself, of such a kind as may best shew her proficiency, and which must be described as a “study from Nature,” an “original drawing,’* or a “copy from a drawing,” as the case may be.

Two hours will be allowed for a sketch, or copy, of some portion or detail of the above work, and this exercise will be judged with the finished work.

The sketch together with the finished drawing will be sent to the Examiner in Drawing. The latter will he returned to the Candidate after inspection by him.

Candidates will also be required to draw from a model.

Proficiency in these subjects will not count towards a Certificate, but will be notified on the Certificate in cases where the Candidate obtains one.

[…]

[Readings for 1871 Examinations]

“It may be expected that about two-thirds of the questions set in each paper will have reference to the books mentioned under the Group to which it belongs.”

[…]

GROUP D.

  1. Mill, Political Economy. Adam Smith, Wealth of Nations.
  2. Mill, Logic. Thomson, Outlines of the Laws of Thought. Whately, Logic, Books II. and III. with App. 2.

[…]

DIRECTIONS TO CANDIDATES.
[p. 69]

  1. Be at your seat in the Examination Room five minutes before the time fixed in the preceding table for the Examination in the several subjects.
    [Note: For Group D, Logic and Geology examinations scheduled for Wednesday July 5 (1871) 12 to 2; Political economy and German examinations scheduled for Thursday, July 6 (1871), 4 to 6 ½.]
  2. Write your index number in the right-hand top corner (not the one with the pinched hole) of every sheet of paper which you use, and your name as well as your number on the first sheet of each set of papers.
  3. Write only on one side of the paper. Fill each sheet before you take another. Leave a blank space after each answer.
  4. Answer the questions as nearly as you can in the order in which they are set, and write the number of each question before the answer.
  5. As soon as notice is given (which will be five minutes before the end of the time allowed), arrange your papers in proper order, so that the first page may be at the top, see that they all have the number by which you are known written upon them, fasten them according to the direction of the Examiner, and give them unfolded to him.
  6. No Candidate can be allowed to give up her papers and leave the room until half an hour has expired from the time at which the papers are given out. A paper will not be given to any Candidate who is more than half an hour late.
  7. No Candidate can be allowed to remain in the Examination Room after her paper is given up to the Local Examiner.

____________________________

UNIVERSITY OF CAMBRIDGE

EXAMINATION FOR WOMEN
ABOVE EIGHTEEN YEARS OF AGE

Report of the Syndicate Presented to the Senate, Oct. 30, 1871 with Supplementary Tables.

Cambridge: Printed at the University Press, 1871.

https://archive.org/details/examinationforw00unkngoog/page/n89/mode/2up

GROUP D
Political Economy, Logic
[p. 4]

Number of candidates: 13

Passed in Class I: 2

Passed in Class II: 4

Passed in Class III: 5

Failed: 2

Examiners’ Comments
[p. 7]

Logic. The Examiner finds fault with the manner in which the answers were given. They were marked by a lack of decision and of terseness of expression, arising probably from the want of practice in writing out the answers to definite questions. Some Candidates wasted time in giving reasons for their inability to answer parts of the questions.

Political Economy. The Examiner reports as follows:—I think the examination in Political Economy very satisfactory on the whole. I have met with no brilliant or striking performance; but the majority of papers gave evidence of conscientious and intelligent study of the subject, and shewed an apprehension of principles lively and clear as far as it went, though not profound. There was rarely any irrelevance in the answers; but I noticed sometimes a want of proportion, a disposition to dilate at length on comparatively unimportant points, against which it may be worth while to warn Candidates.

____________________________

University of Cambridge. Examination for Women.

Examination Papers for the Examination held in July 1871
with lists of Syndics and examiners
to which are added the Regulations for the Examination in 1872.

https://archive.org/details/examinationforw00unkngoog/page/n107/mode/2up

Examiners for July 1871
[p. 8]

Logic:  [no one named]

Political Economy: [no one named]

Examination Questions for July 1871
GROUP D
[pp. 46-49]

Thursday, July 6, 1871. 4 to 6½.
Political Economy

  1. Define Labour. Distinguish Productive/Unproductive Labour.
    Under which head would you class the labour of (1) Professors, (2) Policemen?
    Examine the causes of the difference of wages in different employments: explaining, for the sake of illustration,

    1. The low average wages of poets, governesses, plough-boys,
    2. The high average wages of solicitors and navvies.
  2. Why do we pay no wages to Members of Parliament?
  3. Define Capital. Is champagne ever Capital? Is the stock of a theatre? Explain carefully, with whatever qualifications appear necessary, the principle
    “That demand for commodities is not demand for labour.”
    Why then are wages high when trade is good? and what would be the loss to Paris if the spendthrifts of Europe ceased to go there for amusement?
  4. Explain how the kind of wealth produced, and the place and manner of its production, are determined under a system of Free Competition. It has been sometimes thought that the mode of employing capital which would most benefit individual capitalists does not always coincide with that which would most benefit the state. Discuss briefly any opinions of this kind with which you are acquainted, and any legislative measures to which they have given rise.
  5. Explain the distribution of wealth under a system of Free Competition. Mention any other methods of distribution that have historically existed or have been recently proposed: and discuss the advantages and disadvantages of the latter.
    If the Metayer system were suddenly made compulsory in England, what would be the probable effects?
  6. Compare Rent with the profit gained by a patent, and that gained by a monopoly.
    It has been said that what is ordinarily called rent is really profit on the capital that has been employed in reclaiming and improving land. Discuss this assertion.
  7. Explain how, and to what extent, Exchange value can be said to be determined both by cost of production and by supply and demand. How is the value (1) of partridges, (2) of mutton, determined in England at present?
    Why is there anything peculiar in the determination of the value of foreign commodities? Sketch the probable effect on our trade with France of an immense discovery of coal in that country.
  8. Discuss the changes in the relative values of different articles, due to the progress of European civilization up to the present time: inquiring how far they are to be explained by general laws and how far by special circumstances. What similar changes are to be expected in the future?
    Illustrate by referring to bullion, com, beef, cloth.
  9. What restrictions are at present imposed on the lending of money or credit? Mention any other restrictions that have actually existed or have been proposed. Discuss the advisability of any of these restrictions.
  10. Give general principles of taxation: and apply them to determine the propriety of

(1) The Income-tax as it at present exists.
(2) The Malt-tax.
(3) A tax on matches.

 

Wednesday, July 5, 1871. 12 to 2.
Logic

  1. Why has the name of Organon been given to Logic? A recent treatise on Logic has been described as “based on a combination of the Old and the New Organon”: what do you understand by this?
  2. Logic is “the science of the operations of the understanding which are subservient to the estimation of evidence.” Is this definition co-extensive with Thomson’s? Does it appear to you a satisfactory one?
  3. What is Language? Shew by examples how it enables us to analyse complex impressions, and to abbreviate the processes of thought.
  4. What is “a system of cognate genera”?
  5. Give an account of the controversy between the Nominalists and the Realists, and explain what is meant by describing it as a question of Method rather than of Metaphysics.
  6. Interpret the judgment — No tyranny is secure — according to Extension, Intension, and Denomination.
  7. What is meant by the Quantification of the Predicate? What are its advantages?
  8. Shew the use of the lines commencing Barbara. Construct examples of Camestres and Bokardo, and reduce them to the First Figure. Discuss the propriety of retaining the Fourth Figure, and the necessity of rules for the reduction of the Second and Third Figures.
  9. Explain and exemplify the fallacy of Division, and that of Composition. To what class are they to be referred? In what way does the ambiguity of the word all sometimes give occasion to one of these fallacies?
  10. Test the following by logical rules:
    1. If the parks were closed, some persons would be aggrieved: but the parks are not closed, therefore no persons are aggrieved.
    2. It is possible that John may come to-morrow ; it is very probable that William will come to-morrow ; it is absolutely certain that Thomas will come to-morrow; therefore it is probable that John, William, and Thomas will come to-morrow.
  11. What is a Law of Nature? When may a Law of Nature be said to be explained? ls it possible that all the sequences of nature will ultimately be resolved into one law?
  12. Discuss one of the following questions: —
    1. What makes “the Exact Sciences” exact?
    2. Are the methods of physical inquiry applicable to moral and political phenomena?
    3. Is it desirable for a scientific man to have a lively imagination ?

Readings for 1872 Examinations
GROUP D
[p. 64]

1. Political Economy. 2. Logic.

1. Mill, Political Economy. *Cairnes, Logical Method of Political Economy. *Adam Smith, Wealth of Nations(McCulloch’s edition).

2. Mill, Logic [Omitting the following: Book I. ch. 3 (except §1); Book II. Ch. 4-7; Book III. Ch. 5 §9 and note, ch. 12, ch. 18, ch 23, ch. 24 (except §1,2); Book V. ch. 3 §3-6; Book VI. Ch. 2]. Whately, Logic, Books II. And III. With App. 2. *Thomson, Outlines of the Laws of Thought. *Mansel, Prolegomena Logica. *Bain, Inductive and Deductive Logic.

___________________

UNIVERSITY OF CAMBRIDGE
EXAMINATION FOR WOMEN

Examination Papers For the Examination Held in June 1872
to which are added The Regulations for the Examination in 1873.

https://archive.org/details/examinationforw00unkngoog/page/n178/mode/2up

Examiners for June 1872
[p. 8]

Logic: Rev. J. B. Pearson, M.A., Fellow of St John’s College.

Political Economy: Rev. W. M. Campion, M.A., Fellow and Tutor of Queen’s College.

Examination Questions for June 1872
GROUP D
[pp. 51-54]

Wednesday, June 19, 1872. 12 m. to 2 p.m.
Logic

  1. Assuming that Logic is correctly defined as ‘the Science of the Laws of Formal Thinking,’ investigate the relation between Logic and Psychology, and between Logic and Grammar.
  2. Discuss briefly from Mill’s point of view the statements (a) that Logic is entirely conversant about language, (b) that it is the art of discovering truth, (c) that it is an a priori
  3. How does Mill distinguish between abstract and concrete terms? Is the distinction as drawn by him identical with that drawn by Thomson between abstract and concrete representations? Does he regard adjectives as abstract or concrete?
  4. Give an account of the logical processes known by the name of Conversion.
  5. Construct original concrete syllogisms in Festino, Darapti, Bokardo. Express each according to Hamilton’s method of notation. Reduce them to the First Figure, explaining how the various letters in the words guide you in doing so.
  6. Explain the terms Dilemma, Enthymeme, Sorites, Differentia, Cross-division, Undistributed Middle, Petitio Principii.
  7. ‘The sole invariable antecedent of a phenomenon is probably its cause.’ Of which of Mill’s four methods of Experimental Inquiry is this a statement? Discuss its utility as an instrument for the investigation of Nature.
  8. Distinguish between the Terminology and the Nomenclature of a science. Can the Terminology of a science be satisfactory, when its Nomenclature is unsatisfactory ?
  9. How does Mill classify Fallacies? Give an account of the class under which he includes ‘attempts to resolve phenomena radically different into the same.’
  10. Give Bain’s account of the method of arranging a ‘Science of Classification.’
  11. State the following arguments in simple and complete logical form, test them by recognised logical rules, and give the name of the argument or fallacy as the case may be:
    (a) His imbecility of character might have been inferred from his proneness to favourites; for all weak princes have this failing.
    (b) Improbable events happen almost every day; but what happens almost every day is a very probable event ; therefore improbable events are very probable events.
    (c) By what means did he gain that high and honourable place? Certainly not by integrity and devotion to duty, for unfortunately many consummate scoundrels are successful applicants for such posts of trust.
  12. Give the heads of such an essay as you would write in two hours upon the application of the Deductive Method to the Science of Society.

Thursday, June 20, 1872. 4 to 6½.
Political Economy

  1. What is the province of Political Economy? What definitions of the science have been suggested? State which you prefer, and give reasons for your preference.
  2. State the requisites of production; and distinguish between productive and unproductive labour.
    How would you class the labour of Actors, Literary Lecturers, Professors, Barristers?
  3. Define Capital, fixed Capital, circulating Capital.
    What phenomena may be expected to be exhibited during the rapid conversion of circulating Capital into fixed Capital and to that conversion?
  4. Establish the principle:
    “Demand for commodities is not demand for labour.”
    Can you mention any case in which this principle is not applicable?
  5. Examine the effect on production caused by the separation of employments.
    Account for the different rates of wages in different employments, and for the different rates of gross profits in different trades.
  6. What was “the mercantile system”?
    Give a brief account of the agricultural systems of Political Economy as they are described by Adam Smith.
  7. State Ricardo’s theory of rent. What objections have been made to it? Examine their validity. How does Adam Smith’s theory of farm-rents differ from Ricardo’s?
  8. “It may and often does happen that a country imports an article from another, though it might be possible to produce the imported article with less cost in the importing country than in that from which it is imported.”
    How do you explain this seeming paradox?
  9. What is the Malthusian doctrine of population?
    What result do you consider would follow in England if the mortality among young children of the labouring class were very materially reduced?
  10. “Ireland pays dearer for her imports in consequence of her absentees.”
    Establish this proposition.
  11. Discuss the policy of the English poor-law from an economical point of view.
  12. “There are no public institutions for the education of women, and there is accordingly nothing useless, absurd, or fantastical in the common course of their education.”
    What was Adam Smith’s opinion with respect to endowments for educational purposes? To what extent do you conceive that he was influenced in making the foregoing statement by his individual experience?
  13. Discuss one of the following assertions:

(1) A country will always have as much pauperism as it chooses to pay for.
(2) Educational endowments are employed more advantageously in assisting learners than in paying teachers.

Readings for 1873 Examinations
GROUP D
[pp. 67-68]

1. Political Economy. 2. Logic.

A knowledge of one of these subjects will enable a Candidate to pass in this group. For a Certificate of Honour, a knowledge of both will be required.

1. Mill, Political Economy. *Cairnes, Logical Method of Political Economy. *Adam Smith, Wealth of Nations(McCulloch’s edition).

2. Mill, Logic [Omitting the following: Book I. ch. 3 (except §1); Book II. Ch. 4-7; Book III. Ch. 5 §9 and note, ch. 13, ch. 18, ch 23, ch. 24 (except §1,2); Book V. ch. 3 §3-6; Book VI. Ch. 2]. Whately, Logic, Books II. And III. With App. 2. *Thomson, Outlines of the Laws of Thought. *Bain, Inductive and Deductive Logic.

 

Source: Excerpts from several University of Cambridge Local Examinations Syndicate publications.

 

Categories
Cambridge Exam Questions

Cambridge. Examinations in political economy, 1872-1873.

 

Another set of political economy exams from almost 150 years ago. Cf. the 1868-1872 examination questions from Harvard.

_____________________

19th Century Cambridge examinations in political economy
posted at Economics in the Rear-view Mirror

Cambridge University examination papers, Michaelmas term, 1871 to Easter term, 1872.

_____________________

CAMBRIDGE UNIVERSITY EXAMINATION PAPERS
MICHAELMAS TERM, 1872 TO EASTER TERM, 1873.

From the MORAL SCIENCES TRIPOS.

TUESDAY, Nov. 26, 1872. 1 to 4.
POLITICAL ECONOMY.

  1. If a person saves and hoards ten thousand sovereigns, or a thousand ten pound notes, does his action in either case tend to increase the wealth of the country? Give reasons for your answer.
    A person receives an annuity of £1000, but uses for his personal expenses only £500, saving the rest; shew either by a mathematical formula, or by a general explanation, that after a certain number of years the country will begin to be enriched by his means, but not earlier.
  2. Why does skilled labour command a higher price than unskilled? Shew that there are two causes, one necessary and permanent, the other depending on the circumstances of the society; and find the condition for the existence of the latter.
  3. Assuming that in a system of large farming, labour is more productive than in a system of small farming; shew that a country of small farms may nevertheless support both a larger total population, and also a larger manufacturing and commercial population, than the same country would support under the other system; and find the condition of either result.
    Are there any causes which might render the labourer more productive where labour in the abstract is less so? Shew however that the truth of the above proposition does not depend on this distinction.
  4. Enunciate the principle of free trade; and examine whether there are any exceptions to the generally beneficial effects of free trade on both the countries concerned, either from economical or from political causes.
  5. Shew that a landlord cannot indemnify himself for a tax upon rent by raising its amount. Can you suggest reasons why this proposition would be much less true in a rudimentary than in a highly developed state of society, even supposing the two states to be absolutely alike in respect of the security of property?
    How far is the above proposition true of the landlord of a house?
  6. Shew that every commodity permanently offered for sale has a minimum average price; and examine in what case the price will exceed this minimum, and by what it is then determined.
    Two cloth manufacturers, A and B, start each with a capital of £10,000. A, who invests £2500 of his capital in permanent machinery, sells his cloth at 8s. 6d. a yard. B‘s machinery is similar to A‘s, but turns out inferior work, and costs only £1000. If profits are 10 per cent, shew that B‘s cloth will sell for 8s. 4d. a yard.
    If the machinery, instead of being permanent, wears out in a year, shew that B‘s cloth will sell for 7s. 1d. a yard.
  7. In what case is an inconvertible paper currency detrimental to a country? what is the sign of its being detrimental? and to whom is the detriment done?
  8. Quote instances to shew, that the rate of wages has very much less influence on the cost of production than might at first sight appear.
  9. Ricardo observes that a country may import commodities which it has the means of making much cheaper at home. Shew how this is theoretically possible, without assuming ignorance or negligence on the part of the importing nation: and at the same time give reasons for the extreme rarity of the occurrence as a matter of fact.
  10. Describe the means by which the transactions of international commerce are carried on with the least possible waste in the carrying power. E. g. England produces cotton, woollen and iron goods: France, silks and wines: Russia, corn and other agricultural productions: Australia, sheep, gold, &c. How is the distribution of these several commodities over the world, and the payment for each of them brought about?

Source:  Cambridge University Examination Papers. Michaelmas Term, 1872 to Easter Term, 1873 (Cambridge, 1873), p. 80.

_____________________

From the MORAL SCIENCES TRIPOS.

THURSDAY, Nov. 28, 1872. 9 to 12 a.m.
POLITICAL ECONOMY.

  1. Investigate the principles that should regulate the price of a postage stamp (for internal circulation).
  2. How far is the price of a newspaper determined by the cost of its production? how far by supply and demand?
  3. “So far from the 6 per cent, rate (of discount) having caused any inconvenient pressure, it has hitherto totally failed in bringing back any of the redundant means held by the community, and which, such is the general prosperity, they prefer keeping in their desks to putting them to productive use through banking channels.”
    Point out the economical errors contained in this passage.
  4. A government taxes the manufacture of beer. People do not leave off drinking beer, the demand for it remains the same, and the manufacturers can raise the price to the full amount of the tax. The consumers save the extra price by economizing in use of provisions, but the demand for these does not fall off, as the government spends the tax in buying provisions.
    What will be the effect on prices? and what inference may be drawn as to general laws of rise and fall of price?
  5. Australia exports wool largely to England.
    Examine briefly the manner and extent in which the price of Australian wool in England would be affected by the following occurrences:

(1) Large consumption of Australian mutton in England.
(2) Cessation of the returning stream of enriched English emigrants, from Australia to England.
(3) Extensive gold-discoveries in Australia.

  1. What will be the effect, if any, on the rents of a country of either of the following occurrences?

(1) A large migration of the agricultural population to the manufacturing districts:
(2) The abolition of Protection.

  1. How soon after the first colonisation of a new and fertile country will any part of its land be rented? What will determine the amount of the highest rent paid, and how will this be affected by the progress of civilisation?
  2. Between two countries, chiefly agricultural, the exchange is at par: how will it be affected by the discovery in one of the two countries of large mines of coal and iron? Examine the reason and the limits of the effect produced.
  3. Mill says that a tax on the raw material of a manufacture “limits unnecessarily the industry of the country: a portion of the fund destined by its owners for production being diverted from its purpose.”
    In order to test the truth of this statement compare in detail the effects produced by taxing wool and cloth respectively, considering both the temporary effects produced at the time of imposition of such taxes and also their permanent effects.

Source:  Cambridge University Examination Papers. Michaelmas Term, 1872 to Easter Term, 1873 (Cambridge, 1873), p. 83.

_____________________

From the MORAL SCIENCES TRIPOS.

FRIDAY, Nov. 29, 1872. 1 to 4.
POLITICAL ECONOMY.

[Not more than four questions are to be attempted.]

  1. Give a history of the development of the Economic view of agricultural production from Quesnay to Ricardo. Examine especially Adam Smith’s view. Notice and explain the difference between his account of rent of land, and of mines. What does he mean by saying that “the most fertile mine determines the price;” and is there any sense in which the statement is defensible?
  2. Give briefly the different views that have been taken of the Foundation of Value. What is meant by the “amount of value” in the country? Is the phrase justifiable? Give Bastiat’s Theory of Value, examining

(1) How far it is possible to make it include all cases:
(2) How far it is useful in determining the precise value of anything.

How far is Bastiat’s criticism of Adam Smith for “attaching value to material things” well founded?

  1. Give a history of the changes which have taken place in the economic relation of the colonies to the mother-country, in so far as this is determined by law: and examine how far in any stage of a colony’s development Protection may be advantageous to (1) the mother-country, (2) the colony.
  2. Examine and compare the different theories upon which the Relief of the poor has been administered in England from the time of Elizabeth to the present. Upon what assumptions, psychological or sociological, does the mode of administration prevailing at present appear to proceed? and how far do these assumptions correspond to actual fact?
  3. Give the principal means by which the commercial system proposed to increase the quantity of gold and silver in any country. How far are any of these employed at present in European countries? How far are the grounds on which they are retained the same as those criticized by Adam Smith?
  4. State carefully how far you consider the method of Political Economy to be inductive, and how far deductive. Illustrate by considering the evidence on which Ricardo’s Theory of Rent is maintained: distinguishing between different propositions which may appear to be combined in the theory, either as it was stated by Ricardo, or as it has since been modified by others.
  5. Give an account of the restrictions upon Free-Trade in Money at present existing in England: examining how far they can be justified on the ground of

(1) Their real effects.
(2) Their supposed effects.

  1. Bastiat argues that in a state of society based on Free Contract, there is naturally a perfect harmony of economic interests among its members. Examine carefully how far this is true, independently of any monopolizing of the natural agents of production: and discuss the answers which Bastiat (and others) have made to the objections that may be drawn from the fact of such a monopoly.

Source:  Cambridge University Examination Papers. Michaelmas Term, 1872 to Easter Term, 1873 (Cambridge, 1873), p. 85.

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SPECIAL EXAMINATION IN MORAL SCIENCE FOR THE ORDINARY B.A. DEGREE.

POLITICAL ECONOMY.
FRIDAY, Nov. 29, 1872. 9 to 12.

  1. Distinguish between Productive and Unproductive Labour, between Simple and Complex Co-operation, and between Fixed and Circulating Capital.
  2. Point out the fallacy of the argument in favour of extravagant expenditure grounded upon the supposition that it is good for trade.
  3. ‘As the population of the country increases, agricultural produce has a tendency to become more expensive.’
    Why? Shew the importance of the words printed in Italics.
  4. What is Communism? What were the distinguishing features of the scheme proposed by Fourier? Discuss its practicability.
  5. Analyse the ‘cost of labour.’
  6. Describe the systems of tenancy known as Metayer and Cottier.
  7. Determine the causes which regulate the prices of
    1. old china vases,
    2. potatoes in the London markets,
    3. cotton dresses.

Has gold a price? Has it value?

  1. A draper buys up all the manufactured silk of a pattern that happens to be fashionable in the hope that he will be able to dispose of his stock at the high price occasioned by this manoeuvre. Is this a safe investment of capital?
  2. Investigate the social and economic effects of ‘Out-door relief’.

Source:  Cambridge University Examination Papers. Michaelmas Term, 1872 to Easter Term, 1873 (Cambridge, 1873), p. 115.

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SPECIAL EXAMINATION IN MORAL SCIENCE FOR THE ORDINARY B.A. DEGREE.

POLITICAL ECONOMY.
FRIDAY, Nov. 29, 1872. 1 to 4.

  1. What exactly is Credit?
    Compare the economic effects of the ‘credit’ which a tradesman gives to his unproductive customers, and that which he obtains from a banker.
  2. Criticize upon Adam Smith’s principles the propriety of the following taxes under our present circumstances:

(1) A fixed duty levied upon the farmer for every acre sown with wheat.
(2) A tax upon every article sold by auction, levied upon the seller.
(3) A tax upon maidservants.

  1. In what various ways has the scale of prices in different countries been affected by the operations of Governments upon money or the precious metals?
  2. Under what circumstances is international trade between any two countries profitable? Is it advantageous to the whole population of each country?
  3. State the principal provisions of the Bank Charter Act. Upon what grounds is it generally attacked?
  4. What exactly is meant by the Exchanges being unfavourable to a given country? Is such a state of things advantageous to any persons in that country?
  5. Under what circumstances does Adam Smith consider that protective import duties are advisable? Apply his arguments to the present trade of England.
  6. What has Adam Smith to say upon “the discouragement of agriculture in Ancient Europe”?

Source:  Cambridge University Examination Papers. Michaelmas Term, 1872 to Easter Term, 1873 (Cambridge, 1873), p. 115.

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SPECIAL EXAMINATION IN MORAL SCIENCE FOR THE ORDINARY B.A. DEGREE.

POLITICAL ECONOMY.
SATURDAY, Nov. 30, 1872. 9 to 12.

  1. How do you define a tax? Are gas and water rates, and tolls on bridges, taxes?
  2. Give some account of the principal causes which make the Rate of Discount in any country fluctuate from year to year. Why do Consols fall at the mere anticipation of a war between two foreign countries?
  3. Describe some of the principal ways in which Governments have interfered with the natural price of food.
  4. Bastiat maintains that the ‘domain of what is gratuitous is continually enlarging’: explain this statement, and shew what use he makes of it.
  5. How does Bastiat define Value? According to his use of the word, would it be accurate to say that the value of meat has trebled during the last fifty years?
  6. In discussions upon Communism we frequently meet with the terms Natural and Artificial Organization of Society: what is the distinction between them?
  7. On what grounds is property in land singled out for special attack? How does Bastiat meet such attacks?
  8. Give some account of the functions of Banks in earlier times, and compare them with their present functions.
  9. What does Adam Smith understand by the Natural Progress of Opulence? How has it been interfered with?

Source:  Cambridge University Examination Papers. Michaelmas Term, 1872 to Easter Term, 1873 (Cambridge, 1873), p. 116.

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SPECIAL EXAMINATION IN MORAL SCIENCE FOR THE ORDINARY B.A. DEGREE.

POLITICAL ECONOMY.
MONDAY, June 2, 1873. 9 to 12.

[Fawcett’s Manual of Political Economy]

  1. Distinguish between Wealth, Capital, and Money.
  2. Illustrate the two following statements:
    1. The labour of productive labourers is not unfrequently unproductive.
    2. Labour which is unproductive may yet be very useful.

How does Fawcett propose to extend Mill’s definition of Productive Labour?

  1. Investigate the advantages and disadvantages of farming on a large and small scale.
    How far would it be possible to secure the advantages of both large and small farming by the application of the joint-stock principle?
  2. “In the absence of agricultural improvements, more land is not brought into cultivation, unless the value of agricultural produce is increased.”
    Shew the connexion of this proposition with Ricardo’s theory of Rent, and examine any objections which have been brought against that theory.
  3. “The increase of national prosperity has as yet made but little impression upon the condition of the labouring classes.” Do you think that this statement is true? If you do, how do you account for the fact, and what remedies do you consider the most likely to be effectual? If you do not, state the reasons for your opinion.
  4. What are the principal causes of the different rates of wages in different employments, and in different localities either of the same or of different countries?
  5. What are the elements of which profits are composed? In what sense is it true that “the profits of different trades have a constant tendency to become equalized”?
  6. Give a short account of the tenure known as Métayer, pointing out under what conditions it is likely to work well.
  7. What are the principal points in which the laws regulating the price of iron ore, and those regulating the price of cotton fabrics, differ? How is the price of an ancient statue determined?
  8. Give some account of the laws which regulate the value of gold.

Source:  Cambridge University Examination Papers. Michaelmas Term, 1872 to Easter Term, 1873 (Cambridge, 1873), p. 355.

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SPECIAL EXAMINATION IN MORAL SCIENCE FOR THE ORDINARY B.A. DEGREE.

POLITICAL ECONOMY.
MONDAY, June 2, 1873. 1 to 4.

(Half the total marks for this paper will be assigned to the Essay.)

  1. State as strongly as you can the arguments for and against the appropriation of landed property by the State.
  2. What is meant by the Solidarity of Society?
    Discuss the relation between the Solidarity of Society and the social effects of the principle of Competition.
  3. Compare the views of Smith and Bastiat upon the nature of Value.
  4. “Where Malthus saw Discordance, attention to this element enables us to discover Harmony.”
    What was the nature of this ‘Discordance’?
    How is Bastiat enabled ‘to discover Harmony’?
    Compare the views of other Economists.

*  *  *  *  *  *  *  *  *  *

Write an essay on one of the following subjects:—

(a) The Mercantile System.
(b) The Navigation Laws.
(c) The Poor-law Question.
(d) The Custom of Primogeniture.

Source:  Cambridge University Examination Papers. Michaelmas Term, 1872 to Easter Term, 1873 (Cambridge, 1873), p. 356.

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SPECIAL EXAMINATION IN MORAL SCIENCE FOR THE ORDINARY B.A. DEGREE.

POLITICAL ECONOMY.
TUESDAY, June 3, 1873. 9 to 12.

  1. State and criticise Smith’s account of the elements that form the natural price of commodities.
  2. How does Smith divide land considered in its relation to rent? Is the division a sound one?
  3. Trace the effect of the progress of improvement upon the price of (a) silver, (b) cattle, (c) wool.
  4. Explain the nature of a promissory note, a bill of exchange, an exchequer bill.
    What circumstances make the rate of exchange unfavourable to a country?
  5. Examine Smith’s views with regard to the comparative benefit to society of the employment of capital in farming and in manufactures.
  6. Shew how credit facilitates production.
  7. Discuss the economic effects of bounties on production, and on exportation of corn.
  8. Give some account of the Methuen treaty; the motives which led to it; and its effects upon the trade of the countries concerned in it.
  9. Discuss the comparative advantages and disadvantages of direct and indirect taxation.
  10. Investigate the causes of the prosperity of new colonies.

Source:  Cambridge University Examination Papers. Michaelmas Term, 1872 to Easter Term, 1873 (Cambridge, 1873), p. 357.

Image Source: Mathematical Bridge at Queen’s College, Cambridge University (1865).

Categories
Cambridge Exam Questions Germany

Cambridge. Exam question from a Ricardo quote translated into German, 1922

 

 

The last post began with the exam question below taken from the 1922 Cambridge Economics Tripos.

Meanwhile at the Facebook outpost of Economics in the Rear-view Mirror Ross Emmett asked quite naturally “Who is the quote from?” Charles Robert McCann Jr did a Google books search on the quote and came up with a link to page 234 in Volume 5 of the series Ausgewählte Lesestücke zum Studium der politischen Ökonomie edited by Karl Diehl and Paul Mombert and published in 1912.

I was able to track down a pdf copy of the Diehl and Mombert volume at the University of Mannheim (see link below).  The quote actually comes from a Ricardo letter to Malthus quoted by Marshall in his Principles. The examination bastards board must have wanted to double-disguise the quote’s Ricardian/Marshallian origins, presuming the examinees would have been intimately familiar with Marshall’s Principles. Or perhaps this was merely a gratuitous test of German reading skills? Anyhow, mystery solved. You’re welcome!

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Cambridge Economics Tripos
PART I

Monday, May 29, 1922. 9—12.
GENERAL ECONOMICS. I.

  1. “Ich bestreite nicht den Einfluss der Nachfrage weder auf den Getreidepreis noch auf dem Preis aller andern Dinge; aber das Angebot folgt ihr dicht auf den Fusse, und alsbald erlangt es die Macht, den Preis von sich aus eigenmächtig zu bestimmen, und indem es ihn regelt, ist er durch die Produktionskosten bestimmt.” Comment.

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Where this German translation comes from

Alfred Marshall, “Note on Ricardo’s Theory of Value“: Anmerkung über Ricardos Werttheorie, Handbuch der Volkswirtschaftslehre, pp. 477-486. German translation from the 4th edition [sic] of Marshall’s Principles by Hugo Ephraim and Arthur Salz (Stuttgart and Berlin, 1905). Reprinted in Karl Diehl and Paul Mombert (eds.) Ausgewählte Lesestücke zum Studium der politischen Ökonomie, Band 5 Wert und Preis, II. Abteilung (Karlsruhe: 1912), p. 234.

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Original: Ricardo to Malthus (1820)

“I do not dispute either the influence of demand on the price of corn or on the price of all other things; but supply follows close at its heels and soon takes the power of regulating price in his [sic] own hands, and in regulating it he is determined by cost of production.”

Source: Letter LXXIV (November 24, 1820) of Ricardo to Malthus, in James Bonar (ed.) Letters of David Ricardo to Thomas Robert Malthus, 1810-1823 (Oxford, 1887), p. 179.

Image Source: Thomas Phillips portrait of David Ricardo in 1821. Public domain copy at Wikimedia Commons.

Categories
Cambridge Exam Questions

Cambridge. Economics Tripos Examinations, 1922.

 

Links to economics examinations from the Economics Tripos at Cambridge University for other years:

Economics Tripos 1921.

Economics Tripos 1931.
Economics Tripos 1932.
Economics Tripos 1933.

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PART I

Monday, May 29, 1922. 9—12.
GENERAL ECONOMICS. I.

  1. “Ich bestreite nicht den Einfluss der Nachfrage weder auf den Getreidepreis noch auf dem Preis aller andern Dinge; aber das Angebot folgt ihr dicht auf den Fusse, und alsbald erlangt es die Macht, den Preis von sich aus eigenmächtig zu bestimmen, und indem es ihn regelt, ist er durch die Produktionskosten bestimmt.” Comment.
  2. “In a sense all rents are scarcity rents, and all rents are differential rents” (Marshall). Comment on this statement.
  3. What are the chief social evils resulting from mal-investment of the community’s savings? What are the main causes of such mal-investment?
  4. “Profit is the test of service to the consumer.” Consider this defence of the economic motive.
  5. “Wages are determined by bargaining strength.”
    “Wages must correspond to the marginal net product of labour.”
    Are these views compatible ?
  6. “Whatever may be urged against attempts by the State to fix standard rates of pay, the fixing of maximum hours in all occupations has advantages that must outweigh any possible attendant drawbacks.” Comment.
  7. “In view of the heavy burdens of taxation under which British industry must for many years labour, it is inconceivable that we should quickly regain our pre-war position in our trade with those nations that do not suffer from similar handicaps.” Discuss this statement.
  8. “The fact that the general level of prices has fallen 40% during a period when the quantity of money has undergone little variation and production has been declining shows that the Quantity Theory provides a very inadequate explanation of the forces governing the general level of prices.” Comment.
  9. Discuss the view that the Law of Diminishing Returns is only a special case of a more general law of the combination of factors of production.
  10. How is the representative producer defined? Explain the use made of this idea in modern economics.

 

Monday, May 29, 1922. 1½—4½
RECENT ECONOMIC AND GENERAL HISTORY OF THE UNITED KINGDOM AND THE BRITISH EMPIRE.

  1. Consider the objects and results of the policy of enclosures in the late eighteenth and the early nineteenth centuries.
  2. Sketch the growth of British power in Asia during the Revolutionary and Napoleonic Wars.
  3. Discuss the causes of social unrest in England in the years immediately following the peace of 1815.
  4. “The accession of Queen Victoria coincided with serious troubles in our oversea dominions.” Explain what these were. Do you consider that they had any common cause?
  5. What were the principal causes of the expansion of British trade and industry between 1828 and 1853?
  6. Explain the causes of the flow of emigrants from the United Kingdom during the latter half of the nineteenth century and indicate to what extent the emigrants have gone to other parts of the British Empire.
  7. Consider the relative importance of the agricultural and the pastoral industries in the development of Canada and Australia.
  8. Discuss the influence of the gold discoveries in the Transvaal on the economic and political development of South Africa.
  9. “Between 1830 and 1880 British Labour turned from political to economic methods.” Explain the reasons for this and sketch the progress of the Labour movement in the United Kingdom in the period 1880-1914.
  10. To what extent did the great industries of England become localised during the nineteenth century? Explain the reasons for the localisation in each case.

 

Tuesday, May 30, 1922. 9—12.
SUBJECTS FOR AN ESSAY.

  1. The future of the world’s shipping industry.
  2. Subject races, mandates and protectorates.
  3. Modern applications of psychology to the study of industrial conditions.
  4. “The experiment of free government is not one which can be tried once for all. Every nation and every generation must try it for itself.”
  5. The economic transition in India.
  6. London as a financial centre.

 

Tuesday, May 30, 1922. 1½ — 4½.
RECENT ECONOMIC AND GENERAL HISTORY OF EUROPE AND THE UNITED STATES.

  1. “Napoleon suppressed the political and maintained the social and economic results of the Revolution in France.” Discuss this statement.
  2. Sketch the history of American political parties down to the formation of the Republican Party in 1854.
  3. “The long peace which Europe enjoyed after 1815 was due to the justice of the settlement made at Vienna.” Discuss this opinion.
  4. Account for the rapid spread of settlement over the Mississippi Valley.
  5. Compare the progress made in railway construction in France and Germany down to 1870 and the principles on which each country acted.
  6. What influence had economic forces on the causes and the result of the American Civil War?
  7. “Que devenait la question des compensations? C’est ce que tout le monde se demandait dans notre pays, où l’on jugeait avec raison l’équilibre européen et les intérêts de la France compromis par le subit et énorme accroissement de la puissance prussienne. C’était bien l’avis de Napoléon III.”
    Explain the position of France at this juncture. By what means and with what success did Napoleon III endeavour to improve it?
  8. “Kurz, wenn ich in der Wahl zwischen dem russischen und dem österreichischen Bündniss das letzte vorgezogen habe, so bin ich keineswegs blind gewesen gegen die Zweifel, welche die Wahl erschwerten.”
    Discuss the problem of German foreign policy here indicated. In what manner did Bismarck deal with it?
  9. Compare the industrial development of Germany and the United States since 1880.
  10. “America’s foreign policy is summed up in the Monroe Doctrine.” Examine the truth of this statement as applied to the period since 1865.
  11. “The mutual suspicion of England and Russia was always the most serious part of the Balkan problem.” Discuss this opinion.

 

Wednesday, May 31, 1922. 9—12.
GENERAL ECONOMICS. II.

  1. Give a formula for measuring elasticity of demand. Consider the meaning of unit elasticity, and test it by an example.
  2. What are external economies? Consider the relations of a business to (a) its locality, (b) its industry, (c) general national conditions.
  3. What is theoretically included in the National Dividend? Show the difficulties of avoiding leakage and double counting.
  4. Discuss the statement that “the standard of life is the standard of activities adjusted to wants.”
  5. Discuss the relation of mobility of labour to the problem of unemployment.
  6. Describe critically any two types of sliding scale as methods of payment of wages.
  7. “The shareholders’ ultimate control is based upon the fact that they bear the financial risk of the concern.” Consider this justification of the existing control of industry.
  8. “Si vraiment l’évolution industrielle conduit aux monopoles, il est clair qu’elle conduit aussi à l’établissement du socialisme intégral. Lorsque toutes les industries auront subi la transformation annoncée comme necessaire, lorsqu’elles n’auront plus qu’une tête, lorsque la concurrence aura partout disparu, il sera logique et fatal qu’elles soient nationalisées. ” Consider this view.
  9. What are the chief sources of demand for foreign bills? Under what conditions is each form of demand most active?
  10. On what principles should bank loans be regulated (a) in a period of rising prices, (b) in a period of crisis?

 

Thursday, June 1, 1922. 9—12.
GENERAL ECONOMICS. III.

  1. Discuss the extent to which the future development of Economic knowledge is dependent upon either (a) mathematical methods, or (b) statistical investigations.
  2. To what extent is modern advertising an economic waste?
  3. Explain one form of the theory of “overproduction” and discuss its validity.
  4. Discuss the merits, limitations and social potentialities of Profit Sharing.
  5. Explain the process of dealing in futures in any produce market and give some details.
  6. Discuss the alleged advantages of “devaluation” at the present time.
  7. Discuss the economic problems that have arisen through the accumulation of gold in the United States.
  8. What use can properly be made of banking statistics in judging the extent to which inflation or deflation is proceeding?
  9. What is the relation between the burden of the National Debt and the National Income in the immediate future?
  10. Discuss the modern tendency to use taxation as an instrument for modifying the distribution of wealth.

 

PART II

Monday, May 29, 1922. 9—12.
ECONOMIC PRINCIPLES.

  1. “Der Tausch ist, obgleich historisch älter als Ein- und Verkauf, in mancher Beziehung verwickelter.” Explain and elaborate.
  2. “Le fait est que l’abondance ou la rareté de l’argent, de la monnaie, ou de tout ce qui en tient lieu n’influe pas du tout sur le taux de l’intérêt, pas plus que l’abondance ou la rareté de la cannelle, du froment, ou des étoffes de soie.” Comment.
  3. How far can a policy of emigration be regarded as a remedy for unemployment?
  4. “There is no essential difference between domestic and international trade, and consequently no place for any special theory regarding the latter.” Discuss this statement.
  5. Examine the possible effects of inventions upon the economic rent of land.
  6. “A controlling influence over the relatively quick movements of supply price during short periods is exercised by causes in the background which range over a long period.” Indicate some of the ways in which such an influence may be exercised; and examine the general significance of the above proposition.
  7. Do you consider that it would be good policy for a country like Great Britain to discourage the export of capital?
  8. “The problems of distribution and exchange are so closely connected that it is doubtful whether anything is to be gained by the attempt to keep them separate.” Discuss this statement.
  9. Examine critically the assistance given to economic analysis by the method of classifying industries under the headings of (a) decreasing, (b) constant, (c) increasing returns.
  10. “Now the quantity of wealth abstained from is gauged by its value; and its value depends on its cost of production. If, then, we introduce abstinence as an element in determining value, and value as a factor in the measure of abstinence, we are clearly guilty of using the thing to be measured as part and parcel of our standard for measuring it.” Comment.

 

Monday, May 29, 1922. 1.30—4.30.
ECONOMIC FUNCTIONS OF GOVERNMENT.

  1. State, in its most plausible form, the principle of minimum sacrifice in relation to taxation, and consider its practical application. Is there a corresponding principle of maximum benefit, which is applicable to public expenditure?
  2. Is it desirable to subsidise from public funds (a) housing, (b) postal services, (c) University education?
  3. Examine the nature of the real burden of a public debt. For what purposes and within what limits is it legitimate to borrow in order to meet public expenditure?
  4. Examine the special arguments in favour of protective duties on imports from countries with depreciated foreign exchanges.
  5. “Expenditure on armaments is economic waste.” “The services of soldiers and sailors form part of the national dividend, no less than the services of policemen, plumbers and physicians.” Discuss these statements.
  6. Discuss the possibility of taxing a monopolist in such a way as to induce him to lower his selling price, and consider the practical difficulties in the way of making such a policy effective.
  7. “The removal of taxes on articles of working-class consumption will enable employers to reduce wages and will, therefore, benefit employers and not workmen.” Examine this view, distinguishing between cases where wages (a) are, and (b) are not, paid on a cost-of-living sliding-scale.
  8. In most countries, the State regulates the employment of women and children in industry more extensively and more stringently than that of men. Can this discrimination be justified on economic grounds? Consider separately the regulation of (a) wages, (b) hours, (c) working conditions.
  9. “Contrairement à ce qui se passe en Prusse, où la régie des chemins de fer, instrument fiscal, verse ses produits dans la caisse de l’Etat, en Suisse la régie garde pour elle ses bénéfices, de même qu’elle supporte les pertes, s’il s’en présente.” Which of these two arrangements do you consider the better, and why?
  10. “Eine gleichmässige Wertsteuer von allen wirtschaftlichen Gütern, oder was dasselbe heisst, eine Steuer auf den Aufwand, ist von vornherein die beste Steuer, denn sie leitet den Aufwand der Individuen nicht aus seinen natürlichen Kanälen.” Comment

 

Tuesday, May 30, 1922. 9—12.
MONEY, CREDIT AND PRICES.

  1. Discuss the influence exerted upon the general level of prices by a change in the amount of credit granted by manufacturers and traders to their customers. Would you treat trade- credit as “money” in expounding the Quantity Theory?
  2. “No bank can lend more money than is deposited with it.” Examine this statement and, in particular, its bearing upon the power of banks to increase the supply of money.
  3. Enumerate the principal items in the “Floating Debt” of the British exchequer. Would the general level of prices be either lowered or made steadier if a large part of this debt were (a) converted into long-term loans, (b) paid off out of taxation? Support your conclusions by arguments or evidence.
  4. Compare the present position of the Bank of England in the London money market with its position before the war, paying special attention to its power of controlling credit. Are the changes which have occurred likely to be permanent?
  5. How would you construct an index-number of prices to be used in testing the view that the foreign exchanges tend towards “purchasing-power parity”? Should such an index- number differ from one designed to measure the changes in expenditure necessary to enable a particular class of people in a particular country to purchase the same “standard of comfort” at different dates?
  6. Discuss the practicability of stabilising the price-level by currency regulation. Would this make for stability of trade?
  7. Compare the situation which developed in the London money market in August 1914 and the measures which were taken to meet it with the corresponding features of previous crises.
  8. Examine the causes which influence the day-by-day rate in the London money market, and discuss its relation with the Bank Rate.
  9. What were the principal respects in which the pre-war banking systems (a) of the United States, (b) of Germany differed from that of Great Britain?

 

Tuesday, May 30, 1922. 1.30—4.30.
DISTRIBUTION AND LABOUR.

  1. In several recent arrangements for changes in wages equal weekly amounts, instead of pro rata amounts, have been added or subtracted over a wide range of districts and occupations within an industry. Discuss the effect of this on the supply of labour to districts and occupations.
  2. Describe any one of the existing scales connecting wages to the index-number of Cost of Living. Discuss the view that these scales eliminate the variability in the purchasing power of currency and so facilitate wage-bargaining in relation to other factors.
  3. To what extent could industry accommodate itself to fluctuations of demand if there was no reserve of labour and if no overtime was worked? Is there any economic justification for paying higher rates of wages for overtime?
  4. Under what circumstances is the argument for a legal minimum wage strongest? Why in fact does the minimum continue in coal-mining while it is abolished in agriculture?
  5. How far does the classification of income by economic categories (arising from capital, enterprise, labour, etc.) correspond to a classification by persons? What were the sources and nature of information before the war about incomes of persons and how far are these sources still available?
  6. Distinguish between co-partnership and profit-sharing. Why are these methods commonly disliked by organised labour?
  7. Consider the advantages and disadvantages of bonus systems of wage payment, giving examples of such systems.
  8. In what way and to what extent does the provision of friendly benefits by a trade-union affect its bargaining power? Why do some unions provide large friendly benefits and others scarcely any?
  9. “The theory that people tend to receive as their remuneration the marginal net product of their services amounts, when analysed, to no more than that they tend to get what they tend to get.” How far is this criticism justified?

 

Wednesday, May 31, 1922. 9—12.
STRUCTURE AND PROBLEMS OF MODERN INDUSTRY.

  1. Examine the claims of industrial combinations to promote industrial stability.
  2. “There are few who do more to increase the efficiency of labour in creating material wealth than an able and upright company promoter.” Comment.
  3. To what principal causes would you attribute British predominance in the shipping trade during the last half century? Analyse the influence on British shipping of the country’s Free Trade policy.
  4. How would you expect a great development in the means of transport and communication to affect the localisation of industry?
  5. In what types of industry is there (a) the strongest, (b) the weakest case for the ownership or control of industry by the State?
  6. To what extent is the large amount of time and money devoted by many manufacturers to advertisement, and selling organisation generally, evidence (a) of the existence of “increasing returns,” (b) of the wastefulness of competition?
  7. Discuss the probable limits to the future growth of the British co-operative movement. How might the question be affected by a marked change in the distribution of income?
  8. Consider and weigh against one another the arguments for and against greater publicity regarding business profits.
  9. “The necessity that those who bear the risks should exercise the control bars out all projects for workers’ control of industry.” “Workers’ control of industry is justifiable on the ground that they alone bear the risks of unemployment, accident and fluctuating wages.” Discuss these statements.

 

Wednesday, May 31, 1922. 1.30—4.30.
SUBJECTS FOR AN ESSAY.

  1. “Nothing is true in theory which is not also true in practice.”
  2. The relation of economics to ethics.
  3. The prospects of the League of Nations.
  4. Free Trade.
  5. Population — quantity and quality.
  6. “For each age is a dream that is dying,
    Or one that is coming to birth.”

 

Thursday, June 1, 1922. 9—12.
MISCELLANEOUS ECONOMIC QUESTIONS.

  1. “The assertion that unemployment is due to German reparations must mean that, owing to reparations, German goods are flooding our markets to a far greater extent than before the war. In fact, the proportion of such goods brought to this country last year was only one-quarter of what it was before the war.” Mr Bonar Law in the House of Commons. Comment.
  2. Distinguish the more important forms of economic pro vision for the future. Do you consider that the provision normally made in modern societies, under any of these forms, is either markedly excessive or markedly inadequate?
  3. The national capital may be estimated either by capitalising income or by multiplying the value of estates passing by death in a year by an appropriate factor; the latter method yields the smaller result. Can the discrepancy be explained by differences in definition of national capital?
  4. Distinguish the various types of inheritance tax which are, or might reasonably be imposed in modern communities, and compare their economic effects.
  5. Distinguish the chief causes of trade fluctuations in this country since 1918, and estimate their comparative importance.
  6. Show how the conception of the elasticity of demand as applied to an individual’s desire for income throws light upon (a) the effect of changes in wage-rates upon output, (b) the effect of taxation upon enterprise and saving.
  7. Discuss the more important conclusions which may be drawn from recent enquiries into industrial fatigue.
  8. “Reduction of wages causes reduction in purchasing power and therefore results in decreased rather than in increased employment.” Is there any element of truth in this statement?
  9. Is it reasonable that the cost of roads should fall mainly on the community and the cost of railroads on the users thereof?

 

Thursday, June 1, 1922. 1.30—4.30.
THE THEORY OF STATISTICS.

  1. How far does the precision of measurement of prices by index-numbers depend (a) on the theory of sampling, (b) on the theory of weighted averages? In your answer distinguish between the purposes for which such numbers are used.
  2. Discuss what system of averages, measurements of dispersion, etc. is best suited for comparing two wage groups, such as follows:

Wages of men working full time for a week in 1906

Cotton Industry

Woollen and
Worsted Industry

Under 15/-

19 18
15/- ____ 141

134

20/- ____

244 316
25/- ____ 193

206

30/- ____

126

197

35/- ____

87 65
40/- ____ 86

31

45/- ____

58 10
50/- ____ 31

8

55/- ____

10 3
60/- ____ 3

6

65/- and above

2 6
1000

1000

Without doing the complete arithmetical work, show the method of calculation for the system you prefer.

  1. {{\mu }_{2}},{{\mu }_{3}},{{\mu }_{4}} are the second, third and fourth moments about the average of a frequency group containing an indefinitely great number of quantities. A variable is formed by selecting two quantities from the group independently and adding them. M2, M3, Mare the moments about its average of the frequency distribution of y.

Show that {{M}_{2}}=2{{\mu }_{2}}, {{M}_{3}}=2{{\mu }_{3}},, and {{M}_{4}}-3M_{2}^{2}=2\left( {{\mu }_{4}}-3\mu _{2}^{2} \right).

Assuming, that is formed by the addition of (instead of 2) quantities then {{M}_{2}}=n{{\mu }_{2}}, {{M}_{3}}=n{{\mu }_{3}}, {{M}_{4}}-3M_{2}^{2}=n\left( {{\mu }_{4}}-3\mu _{2}^{2} \right), show that when is great the frequency curve of satisfies the conditions for Type VII (the normal curve) in Professor Pearson’s system.

  1. Show that Pareto’s Law for the distribution of incomes, N=\frac{A}{{{x}^{\alpha }}}, where is the number of incomes above units, and and \alpha are constants, leads to the law “average of incomes above varies directly as x.”
    Test graphically and otherwise whether Pareto’s law is satisfied by the following figures and estimate roughly the value of \alpha .

Number of Persons Assessed to Super-Tax, 1916-17

Income

Number

Exceeding

Not exceeding

£

£
3000 5000

16,065

5000

10,000 10,306
10,000 50,000

5272

50,000

100,000 239
100,000 ___

103

31,98

 

  1. Newton’s interpolation formula may be written

y={{y}_{0}}+\frac{x-{{x}_{0}}}{h}\cdot {{\Delta }_{0}}+\frac{x-{{x}_{0}}}{h}\cdot \frac{x-{{x}_{0}}-h}{2h}\Delta _{0}^{2}+....
State on what hypothesis it rests, and illustrate its use by estimating the number of wage-earners between 30/- and 32/- in the Cotton Industry (Question 2), using only the four entries 244, 193, 126, 87.

  1. Explain the terms “crude death-rate,” “standardised death-rate,” “correcting factor.”
    Give an account of the two methods in use for removing the local variations in age distribution which vitiate the utility of the crude death-rate and consider whether they may be expected to give approximately the same result.
  2. Under what conditions may a regression locus be expected to be approximately rectilinear?
    Estimate the correlation coefficient between girth and height from the following data:

Height
inches

Number of instances Average girth
60 2

32.7

61

7 33.6
62 9

33.5

63

14 34.2
64 18

34.1

65

14 34.7
66 14

34.7

67

12 35.0
68 10

35.1

69

7 35.5
70 3

36.3

110

Height: average 65.6, standard deviation 2.52.
Girth : average 34.5, standard deviation 1.66.

  1. The notation used in connection with the Life Table (stationary population) is based on successive values of lx, the number of persons who reach the precise age of x.

Express the central death-rate (mx), the force of mortality ({{\mu }_{x}}), and the complete expectation of life in terms of these values.

Show that {{m}_{x}}={{\mu }_{x+\left( {1}/{2}\; \right)}}, if the line representing survivals is regarded as straight in the neighbourhood of x.

  1. “Bernoulli’s Theorem exhibits algebraical rather than logical insight.” Comment.

SourceEconomics Tripos Papers, 1921-1926, pp. 21-36.

Image Source: Cambridge University, St. John’s Library from website Vintage Postcards.

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Survey of Economics Education. Colleges and Universities (Seligman), Schools (Sullivan), 1911

 

In V. Orval Watt’s papers at the Hoover Institution archives (Box 8) one finds notes from his Harvard graduate economics courses (early 1920s). There I found the bibliographic reference to the article transcribed below. The first two parts of this encyclopedia entry were written by Columbia’s E.R.A. Seligman who briefly sketched the history of economics and then presented a survey of the development of economics education at  colleges and universities in Europe and the United States. Appended to Seligman’s contribution was a much shorter discussion of economics education in the high schools of the United States by the high-school principal,  James Sullivan, Ph.D.

_________________________

 

ECONOMICS
History 

Edwin R. A. Seligman, Ph.D., LL.D.
Professor of Political Economy, Columbia University

The science now known as Economics was for a long time called Political Economy. This term is due to a Frenchman — Montchrétien, Sieur de Watteville — who wrote in 1615 a book with that title, employing a term which had been used in a slightly different sense by Aristotle. During the Middle Ages economic questions were regarded very largely from the moral and theological point of view, so that the discussions of the day were directed rather to a consideration of what ought to be, than of what is.

The revolution of prices in the sixteenth century and the growth of capital led to great economic changes, which brought into the foreground, as of fundamental importance, questions of commerce and industry. Above all, the breakdown of the feudal system and the formation of national states emphasized the considerations of national wealth and laid stress on the possibility of governmental action in furthering national interests. This led to a discussion of economic problems on a somewhat broader scale, — a discussion now carried on, not by theologians and canonists, but by practical business men and by philosophers interested in the newer political and social questions. The emphasis laid upon the action of the State also explains the name Political Economy. Most of the discussions, however, turned on the analysis of particular problems, and what was slowly built up was a body of practical precepts rather than of theoretic principles, although, of course, both the rules of action and the legislation which embodied them rested at bottom on theories which were not yet adequately formulated.

The origin of the modern science of economics, which may be traced back to the third quarter of the eighteenth century, is due to three fundamental causes. In the first place, the development of capitalistic enterprise and the differentiation between the laborer and the capitalist brought into prominence the various shares in distribution, notably the wages of the laborer, the profits of the capitalist, and the rent of the landowner. The attempt to analyze the meaning of these different shares and their relation to national wealth was the chief concern of the body of thinkers in France known as Physiocrats, who also called themselves Philosophes-Économistes, or simply Économistes, of whom the court physician of Louis XVI, Quesnay, was the head, and who published their books in 1757-1780.

The second step in the evolution of economic science was taken by Adam Smith (q.v.). In the chair of philosophy at the University of Glasgow, to which Adam Smith was appointed in 1754, and in which he succeeded Hutcheson, it was customary to lecture on natural law in some of its applications to politics. Gradually, with the emergence of the more important economic problems, the same attempt to find an underlying natural explanation for existing phenomena was extended to the sphere of industry and trade; and during the early sixties Adam Smith discussed these problems before his classes under the head of “police.” Finally, after a sojourn in France and an acquaintance with the French ideas, Adam Smith developed his general doctrines in his immortal work. The Wealth of Nations, published in 1776. When the industrial revolution, which was just beginning as Adam Smith wrote, had made its influence felt in the early decades of the nineteenth century, Ricardo attempted to give the first thorough analysis of our modern factory system of industrial life, and this completed the framework of the structure of economic science which is now being gradually filled out.

The third element in the formation of modern economics was the need of elaborating an administrative system in managing the government property of the smaller German and Italian rulers, toward the end of the eighteenth century. This was the period of the so-called police state when the government conducted many enterprises which are now left in private hands. In some of the German principalities, for instance, the management of the government lands, mines, industries, etc., was assigned to groups of officials known as chambers. In their endeavor to elaborate proper methods of administration these chamber officials and their advisors gradually worked out a system of principles to explain the administrative rules. The books written, as well as the teaching chairs founded, to expound these principles came under the designation of the Chamber sciences (Camiralia or Cameral-Wissenschaften) — a term still employed to-day at the University of Heidelberg. As Adam Smith’s work became known in Germany and Italy by translations, the chamber sciences gradually merged into the science of political economy.

Finally, with the development of the last few decades, which has relegated to the background the administrative and political side of the discipline, and has brought forward the purely scientific character of the subject, the term Political Economy has gradually given way to Economics.

Development of Economic Teaching

Edwin R. A. Seligman, Ph.D., LL.D.
Professor of Political Economy, Columbia University

Europe —

As has been intimated in the preceding section, the first attempts to teach what we to-day would call economics were found in the European universities which taught natural law, and in some of the Continental countries where the chamber sciences were pursued. The first independent chairs of political economy were those of Naples in 1753, of which the first incumbent was (Genovesi, and the professorship of cameral science at Vienna in 1763, of which the first incumbent was Sonnenfels. It was not, however, until the nineteenth century that political economy was generally introduced as a university discipline. When the new University of Berlin was created in 1810, provision was made for teaching in economics, and this gradually spread to the other German universities. In France a chair of economics was established in 1830 in the Collège de France, and later on in some of the technical schools; but economics did not become a part of the regular university curriculum until the close of the seventies, when chairs of political economy were created in the faculties of law, and not, as was customary in the other Continental countries, in the faculties of philosophy. In England the first professorship of political economy was that instituted in 1805 at Haileybury College, which trained the students for the East India service. The first incumbent of this chair was Malthus. At University College, London, a chair of economics was established in 1828, with McCulloch as the first incumbent; and at Dublin a chair was founded in Trinity College in 1832 by Archbishop Whately; at Oxford a professorship was established in 1825, with Nassau W. Senior as the first incumbent. His successors were Richard Whately (1830), W. F. Lloyd (1836), H. Merivale (1838), Travers Twiss (1842), Senior (1847), G. K. Richards (1852), Charles Neate (1857), Thorold Rogers (1862), Bonamy Price (1868), Thorold Rogers (1888). and F. Y. Edgeworth (1891). At Cambridge the professorship dates from 1863, the first incumbent being Henry Fawcett, who was followed by Alfred Marshall in 1884 and by A. C. Pigou in 1908. In all these places, however, comparatively little attention was paid at first to the teaching of economics, and it was not until the close of the nineteenth century and the beginning of the twentieth that any marked progress was made, although the professorship at King’s College, London, dates back to 1859, and that at the University of Edinburgh to 1871. Toward the close of the nineteenth century, chairs in economics were created in the provincial universities, especially at Birmingham, Manchester, Liverpool, Sheffield, Bristol, Durham, and the like, as well as in Scotland and Wales; and a great impetus to the teaching of economics was given by the foundation, in 1895, of the London School of Economics, which has recently been made a part of the University of London.

— United States 

Economics was taught at first in the United States, as in England, by incumbents of the chair of philosophy; but no especial attention was paid to the study, and no differentiation of the subject matter was made. The first professorship in the title of which the subject is distinctively mentioned was that instituted at Columbia College, New York, where John McVickar, who had previously lectured on the subject under the head of philosophy, was made professor of moral philosophy and political economy in 1819. In order to commemorate this fact, Columbia University established some years ago the McVickar professorship of political economy. The second professorship in the United States was instituted at South Carolina College, Columbia, S. C, where Thomas Cooper, professor of chemistry, had the subject of political economy added to the title of his chair in 1826. A professorship of similar sectional influence was that in political economy, history, and metaphysics filled in the College of William and Mary in 1827, by Thomas Roderick Dew (1802-1846). The separate professorships of political economy, however, did not come until after the Civil War. Harvard established a professorship of political economy in 1871; Yale in 1872; and Johns Hopkins in 1876.

The real development of economic teaching on a large scale began at the close of the seventies and during the early eighties. The newer problems bequeathed to the country by the Civil War were primarily economic in character. The rapid growth of industrial capitalism brought to the front a multitude of questions, whereas before the war well-nigh the only economic problems had been those of free trade and of banking, which were treated primarily from the point of view of partisan politics. The newer problems that confronted the country led to the exodus of a number of young men to Germany, and with their return at the end of the seventies and beginning of the eighties, chairs were rapidly multiplied in all the larger universities. Among these younger men were Patten and James, who went to the University of Pennsylvania; Clark, of Amherst and later of Columbia; Farnam and Hadley of Yale; Taussig of Harvard; H. C. Adams of Michigan; Mayo-Smith and Seligman of Columbia; and Ely of Johns Hopkins. The teaching of economics on a university basis at Johns Hopkins under General Francis A. Walker helped to create a group of younger scholars who soon filled the chairs of economics throughout the country. In 1879 the School of Political Science at Columbia was inaugurated on a university basis, and did its share in training the future teachers of the country. Gradually the teaching force was increased in all the larger universities, and chairs were started in the colleges throughout the length and breadth of the land.

At the present time, most of the several hundred colleges in the United States offer instruction in the subject, and each of the larger institutions has a staff of instructors devoted to it. At institutions like Columbia, Harvard, Yale, Chicago, and Wisconsin there are from six to ten professors of economics and social science, together with a corps of lecturers, instructors, and tutors.

Teaching of Economics in the American Universities. — The present-day problems of the teaching of economics in higher institutions of learning are seriously affected by the transition stage through which these institutions are passing. In the old American college, when economics was introduced it was taught as a part of the curriculum designed to instill general culture. As the graduate courses were added, the more distinctly professional and technical phases of the subject were naturally emphasized. As a consequence, both the content of the course and the method employed tended to differentiate. But the unequal development of our various institutions has brought great unclearness into the whole pedagogical problem. Even the nomenclature is uncertain. In one sense graduate courses may be opposed to undergraduate courses; and if the undergraduate courses are called the college courses, then the graduate courses should be called the university courses. The term “university,” however, is coming more and more, in America at least, to be applied to the entire complex of the institutional activities, and the college proper or undergraduate department is considered a part of the university. Furthermore, if by university courses as opposed to college courses we mean advanced, professional, or technical courses, a difficulty arises from the fact that the latter year or years of the college course are tending to become advanced or professional in character. Some institutions have introduced the combined course, that is, a combination of so-called college and professional courses; other institutions permit students to secure their baccalaureate degree at the end of three or even two and a half years. In both cases, the last year of the college will then cover advanced work, although in the one case it may be called undergraduate, and in the other graduate, work.

The confusion consequent upon this unequal development has had a deleterious influence on the teaching of economics, as it has in many other subjects. In all our institutions we find a preliminary or beginners’ course in economics, and in our largest institutions we find some courses reserved expressly for advanced or graduate students. In between these, however, there is a broad field, which, in some institutions, is cultivated primarily from the point of view of graduates, in others from the point of view of undergraduates, and in most cases is declared to be open to both graduates and undergraduates. This is manifestly unfortunate. For, if the courses, are treated according to advanced or graduate methods, they do not fulfill their proper function as college studies. On the other hand, if they are treated as undergraduate courses, they are more or less unsuitable for advanced or graduate students. In almost all of the American institutions the same professors conduct both kinds of courses. In only one institution, namely, at Columbia University, is the distinction between graduate and undergraduate courses in economics at all clearly drawn, although even there not with precision. At Columbia University, of the ten professors who are conducting courses in economics and social science, one half have seats only in the graduate faculties, and do no work at all in the college or undergraduate department; but even there, these professors give a few courses, which, while frequented to an overwhelming extent by graduate students, are open to such undergraduates as may be declared to be advanced students.

It is necessary, therefore, to distinguish, in principle at least, between the undergraduate or college courses properly so-called, and the university or graduate courses. For it is everywhere conceded that at the extremes, at least, different pedagogical methods are appropriate.

The College or Undergraduate Instruction. — Almost everywhere in the American colleges there is a general or preliminary or foundation course in economics. This ordinarily occupies three hours a week for the entire year, or five hours a week for the semester, or half year, although the three-hour course in the fundamental principles occasionally continues only for a semester. The foundation of such a course is everywhere textbook work, with oral discussion, or quizzes, and frequent tests. Where the number of students is small, this method can be effectively employed; but where, as in our larger institutions, the students attending this preliminary course are numbered by the hundreds, the difficulties multiply. Various methods are employed to solve these difficulties. In some cases the class attends as a whole at a lecture which is given once a week by the professor, while at the other two weekly sessions the class is divided into small sections of from twenty to thirty, each of them in charge of an instructor who carries on the drill work. In a few instances, these sections are conducted in part by the same professor who gives the lecture, in part by other professors of equal grade. In other cases where this forms too great a drain upon the strength of the faculty, the sections are put in the hands of younger instructors or drill masters. In other cases, again, the whole class meets for lecture purposes twice a week, and the sections meet for quiz work only once a week. Finally, the instruction is sometime carried on entirely by lectures to the whole class, supplemented by numerous written tests.

While it cannot be said that any fixed method has yet been determined, there is a growing consensus of opinion that the best results can be reached by the combination of one general lecture and two quiz hours in sections. The object of the general lecture is to present a point of view from which the problems may be taken up, and to awaken a general interest in the subject among the students. The object of the section work is to drill the students thoroughly in the principles of the science; and for this purpose it is important in a subject like economics to put the sections as far as possible in the hands of skilled instructors rather than of recent graduates.

Where additional courses are offered to the Undergraduates, they deal with special subjects in the domain of economic history, statistics, and practical economics. In many such courses good textbooks are now available, and especially in the last class of subject is an attempt is being made here and there to introduce the case system as utilized in the law schools. This method is, however, attended by some difficulties, arising from the fact that the materials used so quickly become antiquated and do not have the compelling force of precedent, as is the case in law. In the ordinary college course, therefore, chief reliance must still be put upon the independent work and the fresh illustrations that are brought to the classroom by the instructor.

In some American colleges the mistake has been made of introducing into the college curriculum methods that are suitable only to the university. Prominent among these are the exclusive use of the lecture system, and the employment of the so-called seminar. This, however, only tends to confusion. On the other hand, in some of the larger colleges the classroom work is advantageously supplemented by discussions and debates in the economics club, and by practical exercises in dealing with the current economic problems as they are presented in the daily press.

In most institutions the study of economics is not begun until the sophomore or the junior year, it being deemed desirable to have a certain maturity of judgment and a certain preparation in history and logic. In some instances, however, the study of economics is undertaken at the very beginning of the college course, with the resulting difficulty of inadequately distinguishing between graduate and undergraduate work.

Another pedagogical question which has given rise to some difficulty is the sequence of courses. Since the historical method in economics became prominent, it is everywhere recognized that some training in the historical development of economic institutions is necessary to a comprehension of existing facts. We can know what is very much better by grasping what has been and how it has come to be. The point of difference, however, is as to whether the elementary course in the principles should come first and be supplemented by a course in economic history, or whether, on the contrary, the course in economic history should precede that in the principles. Some institutions follow one method, others the second; and there are good arguments on both sides. It is the belief of the writer, founded on a long experience, that on the whole the best results can be reached by giving as introductory to the study of economic principles a short survey of the leading points of economic history. In a few of the modem textbooks this plan is intentionally followed. Taking it all in all, it may be said that college instruction in economics is now not only exceedingly widespread in the United States, but continually improving in character and methods.

University or Graduate Instruction. — The university courses in economics are designed primarily for those who either wish to prepare themselves for the teaching of economics or who desire such technical training in methods or such an intimate acquaintance with the more developed matter as is usually required by advanced or professional students in any discipline. The university courses in the larger American institutions which now take up every important subject in the discipline, and which are conducted by a corps of professors, comprise three elements: first, the lectures of the professor; second, the seminar or periodical meeting between the professor and a group of advanced students; third, the economics club, or meeting of the students without the professor.

(1) The Lectures: In the university lectures the method is different from that in the college courses. The object is not to discipline the student, but to give him an opportunity of coming into contact with the leaders of thought and with the latest results of scientific advance on the subject. Thus no roll of attendance is called, and no quizzes are enforced and no periodical tests of scholarship are expected. In the case of candidates for the Ph.D. degree, for instance, there is usually no examination until the final oral examination, when the student is expected to display a proper acquaintance with the whole subject. The lectures, moreover, do not attempt to present the subject in a dogmatic way, as is more or less necessary in the college courses, but, on the contrary, are designed to present primarily the unsettled problems and to stimulate the students to independent thinking. The university lecture, in short, is expected to give to the student what cannot be found in the books on the subject.

(2) The Seminar: Even with the best of will, however, the necessary limitations prevent the lecturer from going into the minute details of the subject. In order to provide opportunity for this, as well as for a systematic training of the advanced students in the method of attacking this problem, periodical meetings between the professor and the students have now become customary under the name of the seminar, introduced from Germany. In most of our advanced universities the seminar is restricted to those students who are candidates for the degree of Doctor of Philosophy, although in some cases a preliminary seminar is arranged for graduate students who are candidates for the degree of Master of Arts. Almost everywhere a reading knowledge of French and German is required. In the United States, as on the European continent generally, there are minor variations in the conduct of the seminar. Some professors restrict the attendance to a small group of most advanced students, of from fifteen to twenty-five; others virtually take in all those who apply. Manifestly the personal contact and the “give and take,” which are so important a feature of the seminar, become more difficult as the numbers increase. Again, in some institutions each professor has a seminar of his own; but this is possible only where the number of graduate students is large. In other cases the seminar consists of the students meeting with a whole group of professors. While this has a certain advantage of its own, it labors under the serious difficulty that the individual professor is not able to impress his own ideas and his own personality so effectively on the students; and in our modern universities students are coming more and more to attend the institution for the sake of some one man with whom they wish to study. Finally, the method of conducting the seminar differs in that in some cases only one general subject is assigned to the members for the whole term, each session being taken up by discussion of a different phase of the general subject. In other cases a new subject is taken up at every meeting of the seminar. The advantage of the latter method is to permit a greater range of topics, and to enable each student to report on the topic in which he is especially interested, and which, perhaps, he may be taking up for his doctor’s dissertation. The advantage of the former method is that it enables the seminar to enter into the more minute details of the general subject, and thus to emphasize with more precision the methods of work. The best plan would seem to be to devote half the year to the former method, and half the year to the latter method.

In certain branches of the subject, as, for instance, statistics, the seminar becomes a laboratory exercise. In the largest universities the statistical laboratory is equipped with all manner of mechanical devices, and the practical exercises take up a considerable part of the time. The statistical laboratories are especially designed to train the advanced student in the methods of handling statistical material.

(3) The Economics Club: The lecture work and the seminar are now frequently supplemented by the economics club, a more informal meeting of the advanced students, where they are free from the constraint that is necessarily present in the seminar, and where they have a chance to debate, perhaps more unreservedly, some of the topics taken up in the lectures and in the seminar, and especially the points where some of the students dissent from the lecturer. Reports on the latest periodical literature are sometimes made in the seminar and sometimes in the economics club; and the club also provides an opportunity for inviting distinguished outsiders in the various subjects. In one way or another, the economics club serves as a useful supplement to the lectures and the seminar, and is now found in almost all the leading universities.

In reviewing the whole subject we may say that the teaching of economics in American institutions has never been in so satisfactory condition as at present. Both the instructors and the students are everywhere increasing in numbers; and the growing recognition of the fact that law and politics are so closely interrelated with, and so largely based on, economics, has led to a remarkable increase in the interest taken in the subject and in the facilities for instruction.


Economics
— In the Schools 

James Sullivan, Ph.D., Principal of Boys’ High School, Brooklyn, N.Y.

This subject has been defined as the study of that which pertains to the satisfaction of man’s material needs, — the production, preservation, and distribution of wealth. As such it would seem fundamental that the study of economics should find a place in those institutions which prepare children to become citizens, — the elementary and high schools. Some of the truths of economics are so simple that even the youngest of school children may be taught to understand them. As a school study, however, economics up to the present time has made far less headway than civics (q.v.). Its introduction as a study even in the colleges was so gradual and so retarded that it could scarcely be expected that educators would favor its introduction in the high schools.

Previous to the appearance, in 1894, of the Report of the Committee of Ten of the National Educational Association on Secondary Education, there had been much discussion on the educational value of the study of economics. In that year Professor Patten had written a paper on Economics in Elementary Schools, not as a plea for its study there, but as an attempt to show how the ethical value of the subject could be made use of by teachers. The Report, however, came out emphatically against formal instruction in political economy in the secondary school, and recommended “that, in connection particularly with United States history, civil government, and commercial geography instruction be given in those economic topics, a knowledge of which is essential to the understanding of our economic life and development” (pp. 181-183). This view met with the disapproval of many teachers. In 1895 President Thwing of Western Reserve University, in an address before the National Educational Association on The Teaching of Political Economy in the Secondary Schools, maintained that the subject could easily be made intelligible to the young. Articles or addresses of similar import followed by Commons (1895), James (1897), Haynes (1897), Stewart (1898), and Taussig (1899). Occasionally a voice was raised against its formal study in the high schools. In the School Review for January, 1898, Professor Dixon of Dartmouth said that its teaching in the secondary schools was “unsatisfactory and unwise.” On the other hand, Professor Stewart of the Central Manual Training School of Philadelphia, in an address in April, 1898, declared the Report of the Committee of Ten “decidedly reactionary,” and prophesied that political economy as a study would he put to the front in the high school. In 1899 Professor Clow of the Oshkosh State Normal School published an exhaustive study of the subject of Economics as a School Study, going into the questions of its educational value, its place in the schools, the forms of the study, and the methods of teaching. His researches serve to show that the subject was more commonly taught in the high schools of the Middle West than in the East. (Compare with the article on Civics.)

Since the publication of his work the subject of economics has gradually made its appearance in the curricula of many Eastern high schools. It has been made an elective subject of examination for graduation from high schools by the Regents of New York State, and for admission to college by Harvard University. Its position as an elective study, however, has not led many students to take it except in commercial high schools, because in general it may not be used for admission to the colleges.

Its great educational value, its close touch with the pupils’ everyday life, and the possibility of teaching it to pupils of high school age are now generally recognized. A series of articles in the National Educational Association’s Proceedings for 1901, by Spiers, Gunton, Halleck, and Vincent bear witness to this. The October, 1910, meeting of the New England History Teachers’ Association was entirely devoted to a discussion of the Teaching of Economics in Secondary Schools, and Professors Taussig and Haynes reiterated views already expressed. Representatives of the recently developed commercial and trade schools expressed themselves in its favor.

Suitable textbooks in the subject for secondary schools have not kept pace with its spread in the schools. Laughlin, Macvane, and Walker published books somewhat simply expressed; but later texts have been too collegiate in character. There is still needed a text written with the secondary school student constantly in mind, and preferably by an author who has been dealing with students of secondary school age. The methods of teaching, mutatis mutandis, have been much the same as those pursued in civics (q.v.). The mere cramming of the text found in the poorest schools gives way in the best schools to a study and observation of actual conditions in the world of to-day. In the latter schools the teacher has been well trained in the subject, whereas in the former it is given over only too frequently to teachers who know little more about it than that which is in the text.

See also Commercial Education.

 

References: —

In Colleges and Universities: —

A Symposium on the Teaching of Elementary Economics. Jour. of Pol. Econ., Vol. XVIIl, June, 1910.

Cossa, L. Introduction to the Study of Political Economy: tr. by L. Dyer. (London, 1893.)

Mussey, H. R. Economies in the College Course. Educ. Rev. Vol. XL, 1910, pp. 239-249.

Second Conference on the Teaching of Economics, Proceedings. (Chicago, 1911.)

Seligman, E. R. A. The Seminarium — Its Advantages and Limitations. Convocation of the University of the State of New York, Proceedings. (1892.)

In Schools: —

Clow, F. R. Economics as a School Study, in the Economic Studies of the American Economic Association for 1899. An excellent bibliography is given. It may be supplemented by articles or addresses since 1899 which have been mentioned above. (New York, 1899.)

Haynes, John. Economics in Secondary Schools. Education, February, 1897.

 

Source: Paul Monroe (ed.), A Cyclopedia of Education, Vol. II. New York: Macmillan, pp. 387-392.

Source: E.R.A. Seligman in Universities and their Sons, Vol. 2 (1899), pp. 484-6.