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Courses Exam Questions Harvard Suggested Reading Syllabus Uncategorized

Harvard. Labor Organization and Collective Bargaining. Dunlop, 1947.

 

 

John T. Dunlop’s course reading lists go on for pages. He mediated, arbitrated and advised besides teaching courses in labor relations including this post of material for his undergraduate course on unions and collective bargaining. His New York Times’ obituary closes with a nice 1973 quote published in Fortune Magazine: “Unless you can work out a consensus on a problem, it’s not a very good solution.” I guess we just now live in an age of diminished solutions. Material for next semester’s course 81b “Labor and Public Policy” has been posted as well.

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Course Enrollment for Economics 81a, Fall Term 1947

[Economics] 81a. Associate Professor Dunlop.–Trade Unionism and Collective Bargaining (F).

3 Graduates, 80 Seniors, 64 Juniors, 25 Sophomores, 15 Radcliffe: Total 187.

Source: Harvard University. Report of the President of Harvard College and Reports of Departments for 1947-48, p. 90.

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OUTLINE
Economics 81a
Fall, 1947

LABOR ORGANIZATION AND COLLECTIVE BARGAINING

I.  Labor and Management Organization

    1. The Institutional Setting
      1. The Beginnings of Organization
      2. The Relation of Labor Organization to “Capitalist” Society
      3. The Characteristics of the Labor Market
    2. Development of the American Labor Movement
      1. Comparisons with other Countries
      2. Theories of Labor Organization Development
      3. Relation to the Growth of the American Economy
      4. Role of Community Values, Ideas, Legal Concepts, and Politics
    3. Structure and Government of Labor Organizations
      1. Constitutional Government of the AFL and CIO
      2. Relations of Locals to International Bodies
      3. Labor Leadership
      4. Administrative Aspects of Labor Organizations
    4. Management Organization in Industrial Relations
      1. The Locus of Policy Making Affecting Industrial Relations
      2. Management Organization for Bargaining
      3. Management Leadership

II.  Operation and Results of Collective Bargaining

  1. The Bargaining Process: Mechanics
    1. The Collective Bargaining Agreement
    2. The Scope and Area of Bargaining
    3. Techniques of Bargaining
  2. The Results on the Social Structure of a Work Community
  3. The Results on the Conditions of Employment
    1. Status of Union Members
    2. Division of Work Opportunities
    3. Procedures for Settling Disputes
  4. The effects on Wages, Prices and Employment
    1. Wage Determination under Collective Bargaining vs. the “Free Market”
    2. Effects on the Shares of Real Income
    3. Effects on Income and Employment Over Time
  5. The Problem of Wage and Price Policies at Full Employment
  6. The Impact on the Social Structure and the Political “Balance of Power” in the Nation

III.  Public Policy Issues Raised by Labor and Management Organization and Collective Bargaining

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Economics 81 a
Questions

  1. How do you account for the emergence of labor organizations? What are the distinctive features of the American labor movement?
  2. To what extent is the American labor movement devoted to changing or preserving “capitalist” institutions?
  3. What standards would you establish to appraise the extent to which a particular labor organization was “democratic”?
  4. What are the possibilities of “peace” within the labor movement? What are the principal obstacles to effective unity?
  5. What are the principal changes introduced into a work community by a labor organization? What changes typically take place in the management of the company?
  6. What is collective bargaining? What is its scope? What problems and rights question, if any, are exclusively “prerogatives” of a union or a management?
  7. What are the effects of collective bargaining on wages, prices, national income and the share of income going to various groups?
  8. To what extent can the opposition of interest between employees and unions be relied upon to protect the public interest?
  9. What scope would you give to the principle of seniority in layoff? In promotion?
  10. Can union support be elicited to improve methods of production and to reduce costs? If so, how?
  11. The area of bargaining has been growing. What are the consequences of industry-wide bargaining?
  12. How would you appraise the following as principles of wage determination: the cost of living, ability to pay, productivity, wage rates in “comparable” firms and operations?
  13. What should a “theory of wages” attempt to do? What do you understand by marginal productivity?
  14. Is collective bargaining compatible with economic stability? May wages and prices be pushed up, of necessity, so rapidly as to result in instability in output and employment?
  15. In view of long-term tendencies at work in our society, what kind of economic institutions and labor relations to you foresee 50 years from now?
  16. The influence of labor organizations in the American social or political life has increased very materially in recent years. Why?

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Required and Recommended Reading

I.  LABOR AND MANAGEMENT ORGANIZATION

  1. The Institutional Setting

Required Reading:

Bakke, E. Wight, Mutual Survival, The Goal of Unions and Management, pp. 1-82

Golden, C., and Ruttenberg, H., the Dynamics of Industrial Democracy, pp. 1-47

Leiserson, W. L., “The Role of Government in Industrial Relations,” Industrial Disputes and the Public Interest, pp. 35-51, (Institute of Industrial Relations, University of California)

Simons, Henry C., “Some Reflections on Syndicalism,” Journal of Political Economy, March, 1944, pp. 1-25

Slichter, Sumner H., The Challenge of Industrial Relations, pp. 1-28

Recommended Reading:

Brooks, R. R., As Steel Goes, pp. 1-20

Halevy, Elie, The Growth of Philosophical Radicalism

Hammond, J. L., and B., The Town Labourer, 1780-1832, Chap. 2, 10-15

Hobson, John A., The Evolution of Modern Capitalism

Hovell, Mark, The Chartist Movement, pp. 1-98

Lenin, V. I., What Is To Be Done?, pp. 31-93

Lester, R. A., Economics of Labor, pp. 3-49

Perlman, Selig, A Theory of the Labor Movement

Pound, Roscoe, Social Control Through Law

Schumpeter, Joseph A., Capitalism, Socialism, and Democracy

Shaw, George B., An Intelligent Woman’s Guide to Socialism

Veblen, Theory of the Business Enterprise, Chapter 8

Wadsworth, A. P., and Mann, Julia, The Cotton Trade and Industrial Lancashire, 1600-1780, pp. 311-408

Webb, Sidney and Beatrice, Industrial Democracy

Webb, Sidney and Beatrice, The History of Trade Unionism, pp. 1-112

Whitehead, A. N., Adventures in Ideas

  1. The Development of the American Labor Movement

Required Reading:

Harris, Herbert, American Labor, pp. 1-95

Commons, John R., and Associates, History of Labor in the United States, Vol. II, pp. 332-429

Millis, H. A., and Montgomery, R. E., Organized Labor, pp. 76-242

The United Steelworkers of America, The First Ten Years

Recommended Reading:

Bimba, A., The Molly Maguires

Brissenen, Paul, The I.W.W.

David, Henry, The History of the Haymarket Affair

Dunlop, John T., “The Changing Status of Labor,” The Growth of the American Economy, Edited by H. F. Williamson, pp. 607-31

Fine, Nathan, Labor and Farmer Parties in the United States, 1828-1928

Foner, P. S. History of the Labor Movement in the United States

Foster, William Z., From Bryan to Stalin

Frey, S. P., Craft Unions of Ancient and Modern Times

Galenson, Walter, Rival Unionism in the United States

Gluck, Elsie, John Mitchell, Miner

Gompers, Samuel, Seventy Years of Life and Labor

Grossman, Jonathan, William Sylvis, Pioneer of American Labor

Hollander, J. H., and Barnett, G. E., Studies in American Trade Unionism

Hoxie, Robert F., Trade Unionism in the United States

Jamison, Stuart, Labor Unionism in American Agriculture, Bulletin 836, Bureau of Labor Statistics

Lorwin, L. L., The American Federation of Labor

McCabe, D. A., National Collective Bargaining in the Pottery Industry

Morris, Richard B., Government and Labor in Early America

Perlman, S. and Taft, P., History of Labor in the United States, 1896-1932

Powderly, T. V., The Path I Trod

Roberts, Bryn, The American Labour Split and Allied Unity

Stolberg, Benjamin, Tailor’s Progress

Ware, Norman, Labor in Modern Economic Society

White, Kenneth, Labour and Democracy in the United States

Wolman, Leo, Ebb and Flow of Trade Unionism

Suggested Reading on Foreign Labor Movements

Cole, G. D. H., A Short History of the British Working Class Movement

Foenander, O. R, Towards Industrial Peace in Australia

Marquand, H. A., Laborer on Four Continents

Norgren, Paul, The Swedish Collective Bargaining System

Robbins, J. J., The Government of Labor Relations in Sweden

Webb, Sidney and Beatrice, Industrial Democracy

Webb, Sidney and Beatrice, Soviet Communism: A New Civilization?

Webb, Sidney and Beatrice, The History of Trade Unionism

Ehrmann, H. W., French Labor From Popular Front To Liberation

Wunderlich, F., German Labor Courts

Cole, G. H. and Postgate, R. W., British People, 1746-1947

Wunderlich, Frieda, Labor Under German Democracy, Arbitration 1918-33

Gualtieri, H. L., Labor Movement in Italy

Fitzpatrick, B. C., Short History of the Australian Labor Movement

Snow, H. F., Chinese Labor Movement

Hubbard, L. M., Soviet Labor and Industry

  1. Structure and Government of Labor Organizations

Required Reading:

Herberg, Will, “Bureaucracy and Democracy in Labor Unions,” Antioch Review, Fall 1943, pp. 405-17

Millis, H. A., and Montgomery, R. E., Organized labor, pp. 243-320

Mills, C. Wright, “The Trade Union Leader: A Collective Portrait,” Public Opinion Quarterly, Summer, 1945, pp. 158-75

The Constitutions of the American Federation of Labor and the Congress of Industrial Organizations

Slichter, Sumner H., The Challenge of Industrial Relations, pp. 99-123

Taft, Philip, “Opposition to Union Officers in Elections,” Quarterly Journal of Economics, February, 1944, pp. 256-64; “Judicial Procedure in Labor Unions,” Quarterly Journal of Economics, May, 1945, pp. 370-85; “Dues and Initiation Fees in Labor Unions,” Quarterly Journal of Economics, February 1946, pp. 219-32

Boyer, Richard O., “Profiles, Union President” in The New Yorker, July 6, 1946, pp.22-30; July 13, 1946, pp. 30-42; July 20, 1946, pp. 26-35

Recommended Reading:

Brazeal, B. R., The Brotherhood of Sleeping Car Porters

Brown, L. C., Union Policies in the Leather Industry

Carsel, Wilfred, A History of the Chicago Ladies’ Garment Workers’ Union

Chicago Joint Board, The Clothing Workers of Chicago, 1910-1912

Christenson, Collective Bargaining in Chicago; 1929-30

Green, Charles H., The Headwear Workers

Henig, Harry, The Brotherhood of Railway Clerks

Hill, Samuel E., Teamsters and Transportation

Hoxie, Robert F., Trade Unionism in the United States, pp. 177-87

Jensen, Vernon H., Lumber and Labor

LaMar, Elden, Philadelphia Clothing Workers

Levine, Louis, The Women’s Garment Workers

McCaleb, Walter F., Brotherhood of Railroad Trainmen

Minton, Bruce and Stuart, John, Men Who Lead Labor

Mulcaire, Michael A., International Brotherhood of Electrical Workers

Northrup, Herbert, Organized Labor and the Negro

Northrup, H. R., Unionization of Professional Engineers and Chemists

Northrup, H. R., “The Tobacco Workers International Union,” Quarterly Journal of Economics, August 1942

Painter, Leonard, Through Fifty Years with the Brotherhood Railway Carmen of America

Powell, Isona M., The History of the United Typothetae of America

Rubin, Jay and Obermeier, M. J., The Life and Times of Edward Floro

Ryan, Frederick L., Industrial Relations in the San Francisco Building Trades

Seidman, Joel, Labor Czars

Seidman, Joel, The Needle Trades

Soule, George, Sidney Hillman

Stolbert, Benjamin, Tailor’s Progress

Strong, Earl D., Amalgamated Clothing Workers

Wechsler, J. A., Labor Baron, Portrait of John L. Lewis

  1. Management Organization in Industrial Relations

Required Reading:

Roethlisberger, F. S., Management and Morale, pp. 88-134

Twentieth Century Fund, Trends in Collective Bargaining, pp. 22-33

Hill, L. H. and Hook, C. R., Jr., Management at the Bargaining Table, pp. 56-138

Pigors, Paul and Meyers, Charles A., Personnel Administration, (pages to be assigned)

Recommended Reading:

Baker, Helen, The Determination and Administration of Industrial Policies

Barnard, Chester I., The Functions of the Executive

Gardiner, Glenn, When Foremen and Stewards Bargain

Gordon, R. A., Business Leadership in the Large Corporation

National Research Council, Fatigue of Workers, Its Relation to Industrial Production

Riegel, John W., Management, Labor and Technological Change

Scott, Walter D., Clothier, Mathewson, Spriegel, Personnel Management, Principles, Practices, and Points of View

Yoder, Dale, Personnel Management and Industrial Relations

II. OPERATIONS AND RESULTS OF COLLECTIVE BARGAINING

  1. The Bargaining Process: Mechanics

Required Reading:

Peterson, Florence, American Labor Unions, pp. 187-210

Selected Agreements

Settling Plant Grievances, Bulletin 60, Division of Labor Standards

Recommended Reading:

Block, Louis, Labor Agreements in Coal Mines, pp. 71-124.

Hamburger, L., “The Extension of Collective Agreements to Cover Entire Trades and Industries,” International Labour Review, August, 1939, pp. 166-94

Lieberman, Elias, The Collective Labor Agreement, pp. 3-34

National Foremen’s Institute, How To Handle Collective Bargaining Negotiations

National Labor Relations Board, Written Trade Agreements, Bulletin No. 4

Pipin, Marshall, “Enforcement of Rights under Collective Bargaining Agreements,” University of Chicago Law Review, June, 1939

Updegraff, C. M., and McCoy, W. P., Arbitration of Labor Disputes

  1. The Results on the Social Structure of a Work Community

Required Reading:

Mayo, Elton, The Social Problems of an Industrial Civilization, pp. 59-112

Selekman, Benjamin M., “When the Union Enters,” Harvard Business Review, Winter, 1945, pp. 129-43

Selekman, Benjamin M., Labor Relations and Human Relations, (pages to be assigned)

Golden, Clinton S., and Ruttenberg, H. J., The Dynamics of Industrial Democracy, pp. 190-291

Recommended Reading:

Mayo, Elton, Human Problems of an Industrial Civilization

Moore, W. E., Industrial Relations and the Social Order

Robinson, G. Canby, “The Patient as a Person, The Social Aspects of Illness,” in Modern Attitudes in Psychiatry, pp. 43-60

Roethlesberger, F. J. and Dickson, W. J., Management and the Worker

Warner, W. Lloyd and Low, J. O., The Social System of the Modern Factory The Strike: A Social Analysis

Whitehead, T. N., Leadership in a New Society

  1. The Results on the Conditions of Employment

Required Reading:

Slichter, Sumner H., Union Policies and Industrial Management, pp. 1-8, 53-136, 164-200, 241-81, 282-310, 572-79

Kennedy, Van Dusen, Union Policy and Incentive Wage Methods, pp. 50-104

National Industrial Conference Board, Job Evaluation, Formal Plans for Determining Basic Pay Differentials, pp. 1-12, 21-24

Twentieth Century Fund, How Collective Bargaining Works, pp. 227-79, 450-507

Recommended Reading:

Barnett, G. C., Chapters on Machinery and Labor

Drake, Leonard A., Trends in the New York Printing Industry

Haber, William, Industrial Relations in the Building Industry

Hill, Samuel E., Teamsters and Transportation

Jensen, Vernon H., Lumber and Labor

Lahne, Herbert J., The Cotton Mill Worker

Lytle, Charles W., Wage Incentive Methods, pp. 67-135

Morton, Thomas L., Trade Union Policies in the Massachusetts Shoe Industry

Ober, Harry, Trade Union Policy and Technological Change, (W.P.A., National Research Project)

Palmer, Gladys, Union Tactics and Economic Change

Patterson, W. F. and Hodges, M. H., Educating for Industry, Policies and Procedures for a National Apprenticeship System

Randall, Roger, Labor Relations in the Pulp and Paper Industry of the Pacific Northwest

Roberts, Harold S., The Rubber Workers

Ross, Murray, Stars and Strikes, Unionization of Hollywood

Seidman, Joel, The Needle Trades

  1. The Effects on Wages, Prices and Employment

Required Readings:

Boulding, Kenneth, Economic Analysis, pp. 485-511

Slichter, Sumner H., Basic Criteria Used in Wage Negotiation

Federal Reserve Board, Federal Reserve Bulletin, July 1947 “Consumer Incomes and Liquid Asset Holdings”

Slichter, Sumner H., “The Responsibility of Organized Labor for Employment,” American Economic Review, May 1945, pp. 193-208

Dunlop, J. T., Wage Determination Under Trade Unions, pp. 8-27, 45-73, 95-121 “American Wage Deterination: The Trend And Its Significance”

Clark, J. M., “The Relation of Wages to Progress” in The Conditions of Industrial Progress (Wharton School of Finance and Commerce), pp. 22-39

Recommended Reading:

    1. Wage and Employment Relations

Bissell, R. M., “Price and Wage Policies and the Theory of Employment,” Econometrica, June 1940, pp. 199-239

Cannan, Edwin, “The Demand for Labor,” Economic Journal, 1932

Carlson, Sune, A Study on the Pure Theory of Production

Douglas, Paul H., The Theory of Wages, pp. 113-58

Douglas, Paul H., “Wage Theory and Wage Policy,” International Labour Review, March 1939

Fellner, William and Haley, B. F., Editors, Readings in the Theory of Distribution

Hansen, Alvin H., Economic Policy and Full Employment

Hicks, J. R., Theory of Wages, pp. 1-38, 58-110

Keynes, J. M., The General Theory of Employment, Interest, and Money (especially Chapter 19)

Lederer, Emil, “Industrial Fluctuations and Wage Policy: Some Unsettled Points,” International Labour Review, January, 1939.

Lester, Richard A., “Shortcomings of Marginal Analysis for Wage Employment Problems,” American Economic Review, March 1946, pp. 63-82

Mendershausen, H., “On the Significance of Professor Douglas’ Production Function,” Econometrica, October 1939

Machlup, Fritz, “Marginal Analysis and Empirical Research,” American Economic Review, September 1946, pp. 519-54

Pigou, A. C., The Economics of Welfare, 4th edition, pp. 451-61, 531-71, 647-55

Pigou, A. C., The Theory of Unemployment, pp. 1-108

Pigou, A. C., Lapses from Full Employment

Pool, A. G., Wage Policy in Relation to Industrial Fluctuations

Reynolds, Lloyd G., “Relations between Wage Rates, Costs, and Prices,” American Economic Review, Supplement, March 1942, pp. 275-89

Robertson, D. H., “Wage Grumbles,” in Economic Fragments

Robinson, Joan, Essays in the Theory of Employment, pp. 1-104

Stigler, George J., Production and Distribution Theories, The Formative Period

Walker, E. R., “Wage Policy and Business Cycles,” International Labour Review, December 1938

Wermel, Michael T., The Evolution of the Classical Wage Theory

    1. Wage Movements and Productivity

Ahearn, Daniel J., The Wages of Farm and Factory Laborers, 1914-1944

Bell, Spurgeon, Productivity: Wages and National Income

Bowden, Witt, “Wages, Hours and Productivity of Industrial Labor, 1909 to 1939” Monthly Labor Review, September 1940, pp. 517-44

Douglas, Paul H., Real Wages in the United States, 1890-1926

Ducoff, Louis J., Wages of Agricultural Labor in the United States, Technical Bulletin 895, Department of Agriculture

Fabricant, Solomon, Labor Savings in American industry 1899-1939

Lederer, Emil, Technical Progress and Unemployment

Lester, Richard A. and Robie, Edward A., Wages Under National and Regional Collective Bargaining

    1. Share in National Income

Dunlop, J. T., Wage Determination Under Trade Unions, pp. 141-91

Kalecki, Michael, Essays in the Theory of Economic Fluctuations

Kuznets, Simon, National Income and Its Composition, 1919-38, Vol. I, pp. 215-65

Pigou, A. C., Economics of Welfare, pp. 619-41

Survey of Current Business, June 1947 (Supplement)

    1. Size Distribution of Income

Bowman, Mary Jean, “A Graphical Analysis of Personal Income Distribution in the United States,” American Economic Review, September 1945, pp. 607-28

Clark, Colin, The Conditions of Economic Progress, Chapter 12

Mendershausen, Horst, Changes in Income Distribution During the Great Depression

National Resources Committee, Consumer Incomes in the United States

Staehle, Hans, “Short Period Variations in the Distribution of Incomes,” Review of Economic Statistics, 1937

    1. The Annual Wage

Latimer, Murray W., Guaranteed Wages, Report to the President by the Advisory Board, OWMR (See Appendix F for economic analysis by Hansen and Samuelson)

Snider, Joseph, Guarantee of Work and Wages

Leontief, Wassily, “The Pure Theory of the Guaranteed Annual Wage Contract,” Journal of Political Economy, February 1946.

  1. The Problem of Wage and Price Policies at Full Employment

Recommended Reading:

Leontief, W., “Wages, Profit and Prices,” Quarterly Journal of Economics, November, 1946, pp. 26-39

Fellner, W. J., Monetary Policies and Full Employment

Lange, Oscar, Price Flexibility and Full Employment

Dunlop, John T., “Wage-Price Relations at High Level Employment,” American Economic Review, Proceedings, May, 1947, pp. 243-53

  1. The Impact on the Social Structure and the Political “Balance of Power” in the Nation

 

Source: Harvard University Archives. Syllabi, course outlines and reading lists in Economics, 1895-2003. (HUC 8522.2.1) Box 4, Folder “Economics, 1947-48 (2 of 2)”.

 

Image Source: Cigar box label from the collections of the Museum of the City of New York.

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Courses Harvard Syllabus

Harvard. Agricultural Economics, Carver 1917

Thomas Nixon Carver covered quite a lot of beachfront in the Harvard economics curriculum for the first three decades of the twentieth century. His courses ranged from economic theory, sociology, social reform through the economics of agriculture, today’s post. His autobiography, Recollections of an Unplanned Life (1949) can be read online at Hathitrust.org. Before there were conservative think tanks, Thomas Nixon Carver was an academic scribbler from whom organizations like the Los Angeles Chamber of Commerce and politicians from Orange County, California distilled their frenzy.

Addition:  a course description along with the final examination questions collected during my  2017 archival visits to the Library of Congress and Harvard University archives.

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Course Announcement

[Economics] 9 1hf. Economics of Agriculture

Half-course (first half-year). Mon., Wed., and (and the pleasure of the instructor) Fri., at 10. Professor Carvers, assisted by Mr. —.

Source: Provisional Announcement of the Courses of Instruction offered by the Faculty of Arts and Sciences, 19718-18. Official Register of Harvard University, Vol. XIV, No. 4 (February 10, 1917), p. 99.

___________________________________

 

Enrollment

[Economics] 9 1hf. Professor Carver.—Economics of Agriculture.

Total 13: 5 Seniors, 5 Juniors, 3 others

 

Source: Harvard University. Reports of the President and Treasurer of Harvard College, 1917-1918, p. 54.

___________________________________

 

[The reading assignments of the course “Economics of Agriculture” (1917-1918) come from the following three publications by Thomas Nixon Carver:

Principles of Rural Economics. Boston: Ginn and Company, 1911.

Selected Readings in Rural Economics. Boston: Ginn and Company, 1916.

“The Organization of a Rural Community” published in the Yearbook of United States Department of Agriculture for 1914. Washington, D.C., 1915.pp. 89-138.]

ECONOMICS 9
1917-18

  1. Place of rural economics in the general scheme of Economics.
  2. General conditions of agricultural properity.

Principles. Chap. 1.
Selected Readings. Pages 1-31.

  1. Agricultural development in Europe.

Principles. Pages 29-63.
Selected Readings. Pages 151-253.

  1. Agricultural development in the United States.

Principles. Pages 63-116.
Selected Readings. Pages 254-351.

  1. The problems of land tenure.

Selected Readings. Pages 352-486.

  1. Tenancy and agricultural labor in the United States.

Selected Readings. Pages 487-574.

  1. The factors of agricultural production.

Principles. Chap. 3.

  1. Problems of farm management.

Principles. Chap. 4.
Selected Readings. Pages 575-644.

  1. Agricultural discontent.

Principles. Chap. 5.
Selected Readings. Pages 645-763.

  1. The marketing of farm products.

Selected Readings. Pages 764-897.

  1. Agricultural credit.

Selected Readings. Pages 936-970.

  1. The organization of rural life

Carver, The Organization of a Rural Community.

  1. National and state agricultural policies.

Selected Readings. Pages 898-935.

  1. Present tendencies and opportunities in agriculture.

Selected Readings. Pages 32-150.

 

Source: Harvard University Archives. Syllabi, course outlines and reading lists in Economics, 1895-2003 (HUC 8522.2.1) Box 1, Folder “Economics, 1917-1918”.

Image Source: Harvard Album 1915.

Categories
Bibliography Courses Harvard

Harvard. Hansen and Williams’ course bibliographies. Fiscal and monetary policy, International Monetary Policy, 1950-56

In checking a reference using Google, I serendipitously stumbled upon the following pages at FRASER:

Committee on the History of the Federal Reserve System Collection>Bibliographies: Harvard University Reading Lists (1950-1955), Entry 168, Box 10, Folder 5.

A pdf file can be downloaded for the following two reading lists:

Economics 248. Fiscal Policy Seminar (1955/56) of Alvin H. Hansen and John Henry Williams: 60 pages.
Economics 248b. Fiscal Policy Seminar (Spring, 1950): 54 pages

Cf. The earlier post in Economics in the Rear-view Mirror on the Harvard Fiscal Policy Seminar, that lists the speakers from 1937-1944.

 

The very next page in the series: FRASER, Committee on the History of the Federal Reserve System Collection>Bibliographies: Harvard University Reading Lists (1950-1955), Entry 168, Box 10, Folder 6.

A pdf file can be downloaded for the following five reading lists:

Economics 241. Principles of Money and Banking. (Spring, 1956). Williams: 16 pages.
Economics 241[?]. Principles of Money and Banking (Fall, 1954). Hansen: 5 pages.
Economics 242. International Monetary Organization and Policy (Fall, 1955). Williams: 62 pages.
Economics 242. International Monetary Organization and Policy (Fall, 1953). Williams, 60 pages.
Economics 242. International Monetary Organization and Policy (Fall, 1954). Williams, Supplemental Reading Suggestions to Fall, 1953 reading list, 22 pages.

 

Categories
Courses Harvard

Harvard. Course with a “snapper” problem, 1910

We have below a random letter from the President of Harvard, Abbott Lawrence Lowell, to Professor Frank Taussig of the Economics Department that struck my fancy because 1) the President of the University appears to be aware of the grade distribution of a particular faculty member (he was not amused at the low frequency of bad grades) and 2) his choice of words “However good a course may be, that kind of marking is certain to drift into it many snappers.” In my day, it was the course that received the opprobrious label of being a “gut”, though here in Germany we do refer to students attracted to the “gut” courses as “Tiefflieger” (low-flying aircraft). 

Economics 21 is apparently the course referred to by President Lowell. The title of the course appears to change without the course description changing over time. The content of the course, taught by the law professor, Bruce Wyman, appears to have focused on “competition; combination; association; consolidation”.

___________________________

[Copy of letter from Harvard President Lowell to Professor Frank Taussig]

December 21, 1910.

Dear Frank:-

I was told, the other day, that the Visiting Committee in Economics had promised the Department quite a sum of money for additional assistants. Is that available this year? If so, I should much rather have you use a part of that, than ask the Corporation for more money. I suspect that one great reason for the large size of Wyman’s course is its softness. I notice that he gave last year only 1% of E’s and 4% of D’s. However good a course may be, that kind of marking is certain to drift into it many snappers. By the way, I should like to have a talk with you about him sometime.

Very truly yours,

A. L. Lowell

 

Professor F. W. Taussig.

 

Source: Harvard University Archives. President Lowell’s Papers, 1909-1914. Nos. 405-436. Box 15, Folder 413 “1909-1914”.

___________________________

 

[Course Enrollment, Economics 21]

Courses Preparing for a Business Career

[…]

[Economics] 21 1hf. Professor Wyman, assisted by Messrs. Brannan and Lyeth.—Principles of Law governing Industrial Relations.

Total, 183:
3 Graduates, 2 Business School, 113 Seniors, 56 Juniors, 5 Sophomores, 4 Others.

 

Source: Harvard University. Reports of the President and the Treasurer of Harvard College, 1909-1910, p. 45.

___________________________

 

[Course Description, Economics 21]

 

[Economics] *211hf. The Law of Competition and Combination. Half-course (first half-year). Mon., Wed., Fri., at 12. Professor Wyman, assisted by Mr. —— . (V)

Course 21 is not open to students before their last year of undergraduate work, and is only open to those who have passed in Economics 1.

The course considers certain rules of the law governing the course of modern trade and the organization of modern industry. As the course deals with adjudication and legislation on questions of first importance in the economic development of modern times, it is of advantage to all those who wish to equip themselves for the intelligent discussion of issues having both legal and economic aspects. In 1911-12 four principal topics will be discussed: competition; combination; association; consolidation, — some very briefly, some with more detail. The conduct of the course will be by the reading and discussion of cases from the law reports, which are contained in an edited series of case books.

 

Source: Division of History, Government, and Economics: 1911-12 (1st ed.). Official Register of Harvard University, Vol. VIII, No. 23 (June 15, 1911), p. 68.

___________________________

[CV data for Law Professor Bruce Wyman]

Bruce Wyman, A.B. summa cum laude, 1896; A. M. 1897; LL.B. 1900; Lectr. (Law S.) 1900-1903; Asst. Prof. of Law 1903-1908; Prof. of Law 1908-1914.

Source: Quinquennial catalogue of the officers and graduates of Harvard University, 1636-1915 (Cambridge: Harvard University Press, 1915), pp. 111 and 355.

___________________________

[Scandal: a case of regulatory capture]

Bruce Wyman resigned his professorship of law in December 1913 when it came out that he was drawing $833 per month from the New Haven and the Boston & Maine (railroads) “for delivering lectures favorable to the roads without the fact being known that he was a paid employe. He admitted that, while employed as their consulting counsel he helped Gov. Foss to frame the Public Utilities bill, which was designed to give the State better control of the railroad situation.”

 

Source: New York Times, December 21, 1913, p. 30.

Image Source: Frank Taussig from the Harvard Album 1915.

Categories
Courses Harvard Syllabus Undergraduate

Harvard. Intermediate Economic Theory and Policy. Monroe, 1947-48

Before heading off to the pastures of retirement, Harvard’s Arthur Eli Monroe taught a year-long undergraduate intermediate economics course, Economic Theory and Policy. His syllabi for 1947-48 show a serious attempt to weave contemporary textbook material with readings from major contemporary works and links to the history of economics.

A less than serious attempt was made, it appears to me, in writing the questions for the final examination for the two terms. They appear to be of the give-the-student-enough-rope-to-hang-himself variety.

More biographical information for Monroe can be found in the earlier posting:

Harvard. Undergraduate Economic Theory (Shorter Course). Monroe, 1937-8

 

_________________________________

Monroe’s 1948 AEA Listing

Monroe, Arthur Eli, 5 Concord Ave., Cambridge 38, Mass. (1915) Retired, teach., edit.; b. 1885; A.B., 1908, A.M., 1914, Ph.D., 1918, Harvard. Fields 1ab, 7, 9. Doc. dis. Monetary theory before Adam Smith(Harvard Univ. Press, 1923). Pub. Early economic thought (1924), Value and income (1931) (Harvard Univ. Press); “Demand for labor,” Q.J.E., 1933. Dir. W.W. in Amer.

 

Source: American Economic Association, Alphabetical List of Members (as of June 15, 1948). The American Economic Review, Vol. 39, No. 1 (January 1929), p. 131.

_________________________________

 

Course Staffing and Enrollments: Economics 1a and 1b, 1947-48

[Economics] 1a. Dr. Monroe.—Economic Theory and Policy (F)

Total 74: 1 Graduate, 45 Seniors, 19 Juniors, 2 Sophomores, 6 Radcliffe, 1 Other.

 

[Economics] 1b. Dr. Monroe.—Economic Theory and Policy (Sp)

Total 46: 2 Graduates, 38 Seniors, 3 Juniors, 3 Radcliffe.

 

Source: Report of the President of Harvard College and Reports of the Departments for 1947-48, p. 89.

_________________________________

Harvard University
Economics 1a
Fall Term — 1947-48

J. F. Due: Intermediate Economic Analysis*, Chs. I – IV, incl.
G. J. Stigler: Theory of Price, Chs. 5, 6.
N. Kaldor: Economic Journal, March, 1934. [The equilibrium of the Firm, Vol. 44, No. 173, pp. 60-76.]
A. E. Monroe: Value and Income, Ch. XV.

HOUR EXAMINATION—October 30.

Due: Intermediate Economic Analysis, Chs. V, VI.
K. E. Boulding: Economic Analysis, Chs. 24, 25.
E. H. Chamberlin: Monopolistic Competition, Chs. III, V.
Joan Robinson: Economics of Imperfect Competition, Chs. 17, 18, 19.

HOUR EXAMINATION—December 4.

Chamberlin: Monopolistic Competition, Chs. VI, VII.
R. Triffin: Monopolistic Competition…pp. 78-108.

READING PERIOD—One of the following:

A. Gray: Development of Economic Doctrine, Chs. III – X, incl.
P. T. Homan: Contemporary Economic Thought, Essays on Veblen, Marshall, Mitchell
A. G. B. Fisher: Class of Progress and Security, Chs. I – VIII, incl.

Conference periods: Saturdays, 9:30 – 12:30, Littauer M-14.

*Authorized for Veterans’ purchase.

_________________________________

 

Economics 1b
Spring Term — 1948

 

J. F. Due: Intermediate Economic Analysis*, Chs. 8, 11.
J. B. Clark: Distribution of Wealth, Chs. 11, 12.
J. R. Hicks: Theory of Wages, Chs. 1, 4, 6.
A. E. Monroe: Quarterly Journal of Economics, August, 1933. [The Demand for Labor, Vol. 47, No. 4, pp. 627-646.]
E. H. Chamberlin: Theory of Monopolistic Competition, Ch. 8

HOUR EXAMINATION—March 4.

J. F. Due: Intermediate Economic Analysis, Chs. 9, 10.
E. v. Böhm-Bawerk: Positive Theory of Capital, Book V.
A. E. Monroe: Value and Income, Ch. 8.
J. M. Keynes: General Theory of Employment…, Chs. 13, 15.
C. R. Bye: Developments…in the Theory of Rent, Chs. 1, 2, 3.

HOUR EXAMINATION—April 15.

J. F. Due: Intermediate Economic Analysis, Ch. 12.
F. H. Knight: Risk, Uncertainty and Profit, Chs. 8, 9.

*READING PERIOD—One of the following:

A. G. Gruchy: Modern Economic Thought, Chs. 5, 7, 8.
Theodore Morgan: Income and Employment, Chs. 1 – 15, incl.
Henri Sée: Modern Capitalism

CONFERENCE PERIODS: Saturdays, 9:30 – 12:30, Littauer M-14.

 

*Authorized for Veterans’ purchase.

 

Source: Harvard University Archives. Syllabi, course outlines and reading lists in Economics, 1895-2003. (HUC 8522.2.1) Box 4, Folder “Economics, 1947-48 (1 of 2)”.

Image Source:  Harvard Album, 1942.

Categories
Courses Economists Exam Questions Harvard

Harvard. Economics of Corporations. Dewing and Opie, 1929

 

Professor Arthur Stone Dewing (1880-1971) and Dr. Redvers Opie taught the course Economics of Corporations at Harvard that was given in the second semester of the academic year 1928/29.  In an earlier posting I transcribed a student review of the course that was published in the Harvard Crimson (December 11, 1929).

Dewing was born (April 16, 1880) and died (January 19, 1971) in Boston. His academic degrees were awarded by Harvard (A.B., 1902; A.M., 1903; Ph.D. in Philosophy, 1905). Dissertation title: “Negation and Intuition in the Philosophy of Schelling.” He also studied at the University of Munich. Dewing taught philosophy from 1902 to 1913 and in economics and finance from 1911 to 1933.  He was one of the founders of the Harvard Business School. For a memorial see Cornelius Vermeil, “Arthur Stone Dewing”, Proceedings of the Massachusetts Historical Society, Third Series, Vol. 83, 1971, pp. 165-167.

Incidentally Arthur S. Dewing was a distinguished numismatist, his collection of nearly three thousand ancient Greek coins was considered “one of the most outstanding in the hands of a private collector in the world.” Here a fascinating article about the theft and recovery of much the Dewing collection.

Redvers Opie (1900-1984) was a Harvard economics Ph.D., best known as the translator of Joseph Schumpeter’s The Theory of Economic Development (1934). From the “Company Info” page of Ecanal (Economic Analysis for Company Planning in Mexico) with information added by me regarding the dates of Opie’s academic degrees:

Ecanal was founded in 1976 by the British economist, Dr Redvers Opie, who was educated at Durham University [B. Com., 1919]. He taught at Oxford University and became the Bursar of Magdalen College. Later on he received a PhD from and taught at Harvard University [A.M. in 1927. Ph.D. in 1928. Thesis: “John Stuart Mill: a Reexamination”]. On the recommendation of John Maynard Keynes, he became the UK Treasury representative in Washington DC, and later on one of the five members of the UK delegation to the Bretton Woods Conference, which gave birth to the IMF and the World Bank. He started Ecanal upon becoming a naturalized Mexican as the source of critical analysis of the economy and government policy useful for business.

Cf. the 1933-34 Additional Readings for General Examination Corporations for Harvard.

Note: In the Course Announcements for 1928-29 (second edition), p. 122, Dr. C. E. Persons was originally scheduled to teach this course.

The information for this course comes from the course notes taken by later University of Chicago and Columbia University economist, Albert Gailord Hart. Hart’s handwriting defies encryption though I am proud to say that all but two or three words in what follows has been successfully deciphered. The course reading assignments are followed by the final examination questions.

__________________________________

Economics 4b
Assignments

Buy Jones—Trust Problem

[Jones, Eliot. The Trust Problem in the Unites States. New York: Macmillan, 1929. For the 1921 edition]

Choose one[:]

Pollock & Maitland—Law – Vol. I 586-518

[Pollock, Sir Frederick and Frederic William Maitland. The History of English Law before the Time of Edward I, 2nd ed. Cambridge (England): Cambridge University Press, 1923.]

[Illegible name, “Bold—-“?] 1st ed 362-376 [;] 3rd ed 469-490

J. P. Davis Corp. 1, 7 (2 & 8 optional)

[Davis, John P. Corporations; A Study of the Origin and Development of Great Business Combinations and of their Relation to the Authority of the State. New York: G. P. Putnam’s Sons, 1905. Volume I, probably Chapter I (Introduction, pp. 1-12) and Chapter II (The Nature of Corporations, pp.13-34) intended; Volume II, probably Chapter VII (Legal View of Corporations, pp. 209-247) and Chapter VIII (Modern Corporations, pp. 248-280) intended]

Baldwin Mod Pol Inst

[Baldwin, Simeon Eben. Modern Political Institutions. Boston: Little, Brown, and Company, 1898]

Buy one[:]

Dewing A. S. Cor. Finance (simplified) omit 8, 17-19, 21

[Dewing, Arthur Stone. Corporation Finance. New York: Ronald Press, 1922]

Lyon, Hastings—[Cor. Finance] (specialized) omit I 6,8, II 4

[Lyon, Hastings, Corporation Finance. Boston: Houghton Mifflin, 1916
Part I: Capitalization. Part II: Distributing Securities, Reorganization.]

Hour exam in mid-March, another early April

Jones 1-5, 9, 11-2, 14-6

Watkins Indust Combin & Pub. Pol. 11 (R 223-47)
Not held for cases except big ones.

[Watkins, Myron Webster. Industrial Combinations and Public Policy: A Study of Combination, Competition and the Common Welfare. Boston: Houghton Mifflin Company, 1927.

Jones 17-18

Take one.

1 Indust Conf Bd “Trade Associations”

[National Industrial Conference Board, Trade Associations; Their Economic Significance and Legal Status, 1925.  Reviewed in Journal of Political Economy, Vol. 35, No. 3, June, 1927. pp. 428-30.]

2 [Indust. Conf. Bd.] “Public Reg. of Competitive Practices”

[(Myron W. Watkins), National Industrial Conference Board, Public Regulation of Competitive Practices, 1925. Revised and enlarged edition, 1929. Third edition, 1940.]

3 [Illegible word] the Law plus Watkins

4 Kirsch—“Trade Ass’ns.

[Kirsch, Benjamin S. Trade Associations: The Legal Aspects. New York: Central Book Co., 1928. Review in Journal of Political Economy, Vol. 38, No. 2 (April, 1930), pp. 238-240.]

Ad lit. A. Smith V, ch. I, Pt III, article I, 211-245.

Geneva Economic Conference of 1927. Publications on Cartels.

[Paul de Rousiers, Cartels, Trusts, and Their Development; D. H. MacGregor, International Cartels. Geneva, 1927]

 

Source: Albert Gailord Hart Papers. Box 60, Folder “R Opie 1929 Monopoly etc”.

__________________________________

 

1928-29
HARVARD UNIVERSITY
ECONOMICS 4b

PART I

(About one hour)

Write an essay on one of the following topics:

(a) Public Policy and Business Standards.
(b) Trade Association Activities and the Competitive System.
(c) The Rule of Reason.
(d) Government Control of Combination and Consolidation To-day.

 

PART II

Answer not more than FOUR questions.

  1. What significance has a study of “laws of return” for an understanding of the problems connected with industrial combinations?
  2. “Certainly the implication of the Webb Act is that enforced competition is too weak, too inefficient to meet monopolistic combination. The question may be fairly asked, what does this admission entail in regard to our domestic trust policy?” Defend, refute or modify.
  3. Does the establishment of the Federal Trade Commission reflect any changes in the relation of Government to industry? What have been the most important activities of the Commission since its inception?
  4. What are the chief causes and purposes of corporate reorganization? Describe the usual procedure adopted, paying particular attention to the methods of protecting the interests of the various parties involved.
  5. “The trust dissolutions have not resulted in a spectacular and instant rescue of the consumer from the evils of monopoly, but that was hardly to have been expected.”
    Do you agree?
    What has been accomplished by trust dissolutions?
  6. “The stockholder has a right to receive the earnings of the corporation as dividends; and the existence of a large surplus simply shows that the stockholder has been deprived of his rightful income.” Does this indicate an intelligent understanding of corporate surplus?

Final. 1929.

 

Source: Albert Gailord Hart Papers. Box 60, Folder “Exams: CHI Qualifyin[?]”.

Image Source: (Dewing, left) Harvard Album 1925; (Opie, right) Harvard Album 1932.

Categories
Courses Harvard

Harvard. Harvard Crimson Economics Course Guides, 1927-1938

The Harvard Crimson regularly published “Confidential Guides” to classes. The Crimson on-line archive is easy to search and I’ve selected some of the economics courses that were reviewed. I have added enrollment figures and staffing from the annual reports of the Presidents of Harvard. The coverage is spotty, but maybe I get lucky and find other course guides later.

___________________________________________

1926-27
 Harvard Crimson, December 6, 1927.

Economics 7b
Second semester, 1926-27
[Dr. Mason.—Programs of Social Reconstruction]

This course, originally intended as a small, intimate course on the socialist economists, when given for the first time last year, proved too popular to be labelled as small. Its intimate nature however was retained through Mr. Mason.

One of the youthful prodigies of the Economics department, with an Oxford education behind him, Mr. Mason conducts the course along lines that are wholly enjoyable. Informal lectures—you may interrupt any time you wish—are the backbone of the course, but there are also occasional sessions devoted to a general class room discussion, with the conservative students standing off their more radical colleagues and with Mr. Mason holding the scales.

Examinations are few and far between, and when given display a broadness not displeasing to the student who is taking the course as a study of history rather than as a study of economics.

Enrollment: Economics 7b
Second semester, 1926-27

Total 81: 4 Graduates, 44 Seniors, 23 Juniors, 6 Sophomores, 4 Other.

Source: Harvard University. Reports of the President and the Treasurer of Harvard College, 1926-27, p. 75.

___________________________________________

1928-29
Harvard Crimson, December 11, 1929.

Economics 4b
Second semester, 1928-29
[Professor A. S. Dewing and Dr. Opie. Economics of Corporations]

Professor Dewing has written a book on the Financial Policy of Corporations which is so formidable that it may scare off the average undergraduate who does not know that Professor Dewing’s lecture delivery is one of the least puzzling in the College. Most undergraduates on the first day of the course look wildly around for the nearest exit, convinced that they have wandered into a philosophy lecture. Bailing his trap with a summary of the corporation from Rome to the present day. Professor Dewing has the class following him, at a distance of several sea leagues, by the third lecture. Then he hops briskly to the present time, and proceeds to probe into the motives of the business man. The wheels of the large corporation, the relative advantages of the various forms of business enterprise, the actions of the stock market and the types of securities, in rapid-fire succession. Even future professors of Sanskrit, now undergraduates, would do well to take this course in order to learn where their breakfast bacon comes from, and why Bacon, Preferred sells around 30 these days. Dr. Opie will alternate with Professor Dewing, and what Professor Dewing does for the corporation’s past, Dr. Opie may be expected to do for its future, showing how modern trends to consolidation have not yet run their course.

Enrollment: Economics 4b
Second semester, 1928-29

Total 187: 12 Graduates, 56 Seniors, 104 Juniors, 12 Sophomores, 3 Other.

Source: Harvard University. Reports of the President and the Treasurer of Harvard College, 1928-29, p. 72.

**********************

Economics 6a
Second semester, 1928-29
[Dr. C. E. Persons. Trade Unionism and Allied Problems]

For those who are interested in the ever present problems arising from the conflict between capital and labor, Economics 6a presents an admirable summary of the most vital issues. This course, given by Professor Ripley for many years, was taken over by Professor Persons of Boston University last year. The latter instructor, however, was called to Washington this fall to take up a government position as an expert on the question of unemployment, and to date no successor has been announced for the course.

Regardless of whom the instructor may be, the subject matter of the course dealing with strikes, governmental control of labor policies, arbitration, unemployment, and other problems closely associated with the labor question should prove valuable to all who have any interest in current problems. For those who think courses in Economics too theoretical, Economics 6a is an excellent corrective, for throughout the half year, one is constantly finding instances in the daily newspapers with which the week’s work is directly concerned. For those concentrating in labor problems, the course is indispensable, since it takes in a wide field which would take many hours to cover in tutorial conferences.

Enrollment: Economics 6a
Second semester, 1928-29

Total 50: 1 Graduates, 22 Seniors, 21 Juniors, 3 Sophomores, 3 Other.

Source: Harvard University. Reports of the President and the Treasurer of Harvard College, 1928-29, p. 72.

**********************

Economics 7b
Second semester, 1928-29
[Asst. Professor Mason. Programs of Social Reconstruction]

This course on the various programs for social reconstruction limits itself to fairly modern times. No undergraduate alive, whether he was born a little Lib-e-ral or a little Conserve-a-tive, can afford to be ignorant of the social ferment which goes on in the world around him, and threatens to involve him as employer or employee, taxpayer or taxpayer in our time. This course will not introduce him to the manifestations of these doctrines now current in Harbin or in Gastonia, but it will enable him to learn something of the ideas held by anarchists, social-[incomplete]

Enrollment: Economics 7b
Second semester, 1928-29

Total 77: 6 Graduates, 38 Seniors, 27 Juniors, 1 Freshman, 5 Other.

Source: Harvard University. Reports of the President and the Treasurer of Harvard College, 1928-29, p. 72.

___________________________________________

1929-30
Harvard Crimson, September 22, 1930.

Economics A
1929-30
[Prof. Burbank and Asst. Prof. Chamberlin, & Assistants. Principles of Economics]

The problem of how to introduce students to the subject of economics is admirably met in ec A. Of all the large survey courses in the undergraduate curriculum, ec A is perhaps the best organized and the most ably conducted.

Facts as such play a very small part in this course; it is much more a systematic method of thinking that the student must master; reasoning power, not memory, is necessary in order to understand and succeed in ec A. By this one should not understand that no work is required, that all one needs to do to get a good grade, is to go to quizzes once a month and exercise his reasoning power. Not at all; reasoning power and concentration are quite as necessary in studying the principles of economics as they are in answering questions on examinations.

The one really serious criticism of the course, in this reviewer’s opinion, lies in its failure to impress upon the student that Professor Taussig’s book which serves as the text book and foundation of all the work done, is not an economic bible. The general opinion of most students after taking ec A is that the last word on questions economic has been spoken, that the final truth is known and that Professor Taussig is the interpreter thereof. If they continue with the study of economics and learn that Taussig’s “Principles” is only a comparatively minor product of a particular school of though, they will probably be more than a little surprised and their view of economics as a study will undergo considerable revision.

Enrollment: Economics A
1929-30

Total 498: 2 Graduates, 41 Seniors, 123 Juniors, 270 Sophomores, 24 Freshmen, 38 Other.

Source: Harvard University. Reports of the President and the Treasurer of Harvard College, 1929-30, p. 77.

**********************

Economics 3
1929-30
[Professor Williams. Money, Banking, and Commercial Crises]

This is a course which will be taken sooner or later by practically all men concentrating in economics. Money, banking, and financial crises are all subjects which despite their complexity necessarily demand some consideration from all who aspire to have anything approaching a working knowledge of economics.

It may be gathered from what has been said above that (1) Economics 3 is a large course with students of all degrees of ability enrolled in it, and (2) that it deals with subjects which are far from satisfactorily solved and which are difficult even for advanced students of economics. Corrolary: Economics 3 is conducted in a very slow and deliberate fashion; it tends toward oversimplification; and the lectures remind one of one’s preparatory school days in their careful topical organization and their constant repetition.

Professor Williams, however, has chosen the only practicable method of getting the subjects over and is to be congratulated on the general success of his system.

A parting word to embryonic bankers might not be out of place here. Economics 3 deals with theory almost exclusively and will be of very little assistance in getting a job as a clerk next summer.

Enrollment: Economics 3
1929-30

Total 176: 2 Graduates, 67 Seniors, 88 Juniors, 12 Sophomores, 7 Other.

Source: Harvard University. Reports of the President and the Treasurer of Harvard College, 1929-30, p. 77.

___________________________________________

1932-33
Harvard Crimson, April 18, 1933.

Economics A
1932-33
[Professor Burbank, Asst. Prof. Chamberlin, Frickey, and Ham & Assistants, Principles of Economics]

Economics A is the whole field of Economics in microcosm; it is a study of the economic problem. So much land, labor, and instruments are available. Men must eat. But they want to do more than that. How can they use the available tools to produce the largest amount of what they most want? The problem requires much thought and discussion, and there are many different solutions. Capitalism, Socialism, Communism are but attempts to solve it.

The facts treated in Economics A are closely related to the business world. But while the business man is mainly concerned with particular costs, selling methods, and profits, the economist tries to put all the general facts in the proper sequence and order of importance. He talks about prices in general, the national income, and the distribution of that income among individuals. The student gains more than the ability to talk glibly about tariffs, money standards, and the business cycle. In seeking the essence of economic life he has developed a method of thought.

The textbook used in the course, Taussig’s Principles, is in many places out of date and seems unduly simple in the light of conflicting theories. Wherever possible, the Department is trying to supplement it with other reading. The course is conducted wholly in sections, probably the best method in a subject of this kind. Obviously everything depends on the instructors, and for the most part they are among the best in the University. Their task is made difficult by the necessity of trying to satisfy both those men who are content with the broad outlines of the work and those who desire a more detailed discussion. It has been suggested that more honor sections be formed; and that they be organized after November hours. If this were done and if more Freshmen were admitted to the course, men concentrating in Economics could get an early and thorough start in the subject, other men would be better satisfied, and tutors might start their work more effectively in the sophomore year.

In general it may be said that Economics. A is not a difficult course for the student endowed with ordinary intelligence. The value of the subject is undisputed. As an instructor in another course remarked during the Hoover administration, “The great trouble with Congress is that it is composed of men who have never taken History 1 or Economics A.”

Enrollment: Economics A
1932-33

Total 390: 18 Seniors, 109 Juniors, 224 Sophomores, 23 Freshmen, 16 Other.

Source: Harvard University. Reports of the President and the Treasurer of Harvard College, 1932-33, p. 65.

**********************

Economics 3
1932-33
[Prof. Williams and Schumpeter, and Dr. Currie. Money, Banking and Commercial Crises]

In Economics 3 the instructors are faced with the uniquely difficult task of explaining the intricacies of “Money and Banking” with not a few words on foreign trade. The course requires a thesis although certain Seniors are exempt.

Professor Williams is undoubtedly not only an authority of world reputation and an excellent lecturer, but a sympathetic teacher. There is, however, the chance that he may be called away next year. Although his absence would be a serious blow to the course, indication is that the course would still be in capable hands.

It is fortunate that, in such a difficult course, the sections conducted by Dr. Currie should be such as to clear up the problems of the individual student, add to the knowledge of the group as a whole, and attain timeliness and interest throughout.

Enrollment: Economics 3
1932-33

Total 151: 32 Seniors, 103 Juniors, 8 Sophomores, 1 Freshman, 7 Other.

Source: Harvard University. Reports of the President and the Treasurer of Harvard College, 1932-33, p. 65.

**********************

Economics 4
1932-33
[Assoc. Prof. Mason, Asst. Prof. Chamberlin, Dr. Wallace. Monopolistic Industries and their Regulation]

Economics 4, run on the plan of two lectures and one section a week, deals with railroads, corporations, and government control of industry. The course is conducted by Associate Professor E. S. Mason, Assistant Professor E. H. Chamberlin, and Mr. D. H. Wallace.

The subject matter of the course has a contemporary and living significance that has as much primary interest as it is possible to find in the Economics Department. This timeliness has been intelligently capitalized with out sacrificing scholarship.

The reading, while it seems extensive, has great variety and has been excellently chosen. The lectures are well coordinated with it and at the same time avoid repetition. The lectures themselves vary, but on the whole, are fair enough. They can be expected to show considerable improvement, as this is the first year they have been delivered by the men in charge. One gets the impression that Chamberlin and Mason are more interesting than some of their presentations would indicate.

Enrollment: Economics 4
1932-33

Total 155: 5 Graduates, 30 Seniors, 104 Juniors, 14 Sophomores, 2 Other.

Source: Harvard University. Reports of the President and the Treasurer of Harvard College, 1932-33, p. 65.

**********************

Economics 50 [sic, Economics 38]
1932-33
[Prof. Williams and Schumpeter. Principles of Money and of Banking]

Very much the same general remarks apply to Economics 50 as to Economics 3, also reviewed in this Confidential Guide. The course is more advanced and goes considerably deeper into the fundamental aspects of money and business cycles as well as international trade. Professor Williams is always stimulating and clear-headed, while in this course he has opportunities for exercising his extraordinary critical ability to a far greater degree than in the elementary course.

Such controversial subjects as the monetary and cycle theories of Hawtrey, Keynes, Hayes and Foster and Catchings are treated at length; while much light is also thrown on the mechanism and control of credit, and international trade in general. It would be rash to go further into the subject matter of the course for monetary theory and practice are in such a state of rapid development that next year may find a new set of problems which will call for new treatment. It can, however, be confidently concluded that if such changes do occur Professor Williams, to a greater degree than most economists, will not be restrained by dogma and tradition from treating the new conditions in a spirit both open-minded and critical [incomplete]

Enrollment: Economics 38
1932-33

Total 61: 36 Graduates, 16 Seniors, 1 Junior, 8 Other.

Source: Harvard University. Reports of the President and the Treasurer of Harvard College, 1932-33, p. 66.

___________________________________________

1934-35
Harvard Crimson, April 23, 1934.

Economics A
1934-35
[Prof. Burbank, Asst. Profs. Chamberlin, Frickey, and Ham, and Assistants. Principles of Economics]

Since the purposes of Economics A is to teach the beginner the economic way of thinking, economic questions of the day are considered in a purely subsidiary light. It is the general outlines of economic theory, rather than the details of its structure, which are presented the student. Although he may develop during the year the desired line of attack, he is apt to feel that he has learned less about economics than he wished.

That Economics A is an introductory course, and a difficult one to administer, should be kept in mind. Nevertheless, it would seem that the economic way of thinking might be brought home more vividly by applying it directly to the questions facing the country today.

Long experiment has determined that the course shall consist of three section meetings a week. Since it is the section man who guides the discussions, a great deal depends on his calibre. The reading, though rather difficult for a beginner, is of reasonable length and easily handled.

Enrollment: Economics A
1934-35

Total 498: 38 Seniors, 174 Juniors, 262 Sophomores, 21 Freshmen, 3 Other.

Source: Harvard University. Reports of the President and the Treasurer of Harvard College, 1934-35, p. 80.

___________________________________________

1937-38
Harvard Crimson, May 31, 1938

Economics [as Field of Concentration]

Economics is the center around which our present civilization revolves; some even claim that all human history has been determined fundamentally by economic forces. Almost every occupation fits into the economic structure, and for certain ones like government and business, a knowledge of the economic structure is essential. The field of Economics increased 20 per cent from 1935-36 to 1937-38 and is now the largest in College with 477 concentrators.

From the nature and aims of the field it is obvious that it might better be entitled Political Economy, for every course tends to emphasize the fact that economics cannot be separated from politics. Through full courses on various special subjects like Public Finance and Utilities a broad survey of the subject is attempted, and although each course is designed to include the major problems existent today, it is of course impossible for them to provide the answers. Thus, the field does not intend to offer practical value–in the narrow vocational sense, since it feels that practical training should be obtained after College in places like the Business School. Instead, it offers a thorough theoretical background of economics useful in any business career.

A student who does not want to concentrate in Economics but desires an auxiliary foothold in the subject would do best to combine the theory of Economics A [Principles of Economics] with the more specific material in Economics 41, on Money and Banking.

Concentrators in Economics will have to pass in the spring of their Junior year a general examination in the department of Economics, and in the spring of their Senior year an examination correlating Economics with either History or Government (this correlating exam may be abolished by 1942), and a third one on the student’s special field, which is chosen from a list of eleven, including economic theory, economic history, money and banking, industry, public utilities, public finance, labor problems, international economics, policies and agriculture.

Courses in allied fields, including Philosophy, Mathematics, History, Government, and Sociology, are suggested by the department for each of the special fields. In addition, Geography 1 is recommended in connection with international policies or agriculture.

According to members, there has not been enough organization of tutorial work. In preparing men for their Junior divisionals the tutors have each gone off on independent tacks, often haphazardly. A list of books drawn up by the Board of Tutors for each special field, large enough to allow the student a reasonable amount of choice and yet limited enough to assure both student and tutor that he is working in some prescribed direction, would remedy this situation. The tutors themselves are good, on the whole, and willing to give time to those students whose interest and ability warrant it.

Economics A is required for admittance into every advanced course, although there are a few which allow it to be taken at the same time. It is by no means too difficult for Freshmen, may be taken by them with the consent of the instructor, and concentrators urge all Freshmen who think they may go into the field to take this course during their first year. This will enable them to begin taking advanced courses their Sophomore year, as History and Government concentrators do, and thereby allow a much wider range of study during their last two years, both in courses and in tutorial. History 1 and Government 1 are both required for concentration in Economics. The former should be taken Freshman year.

Of the two basic courses in theory Economics 1 [Economic Theory] is much better than the half year course 2a [Economic Theory (shorter course)], but it is open only to honors candidates. Professor Chamberlin lectures excellently in course 1, but there is still need for a half course such as 2a. Nearly all the advanced courses will be found worth while, but they cannot all be taken and must be chosen with the interests and the special field of the concentrator in mind. Course 21a [Introduction to Economic Statistics]was blamed for wasting the effort of Professor Frickey, for students claimed the material could be covered in less than a mouth. It is necessary for graduate work, and cannot be expected to be very interesting. Mason’s Economics 11a and b, on the history and economics of Socialism, while they are not well organized, represent–especially the history–a field which has been practically ignored in the social sciences, although it is listed as a special topic for the correlation exam–the History of Political and Economic Thought. A course on the History of Economic Theory is notably lacking, and the History of Socialism could well be matched with a History of Capitalism, Sociology 3 comes nearest to filling this gap now, but it leans less towards economics than towards social progress. Economics 36, on Economic History [1750-1914], is concerned with the material development of industry, railroads, etc. Hansen was liked in course 45a on Business Cycles, and the material covered in 43a and b [International Economic Relations] is valuable.

Expanding its labor instruction, the department will make Economics 81, on Labor Problems, a full course, to be given by Professor Slichter, Dr. Reynolds, and Mr. Pollard. Social security, as well as the economics of labor, will be taught.

 

 

 

Categories
Courses Johns Hopkins Stanford Suggested Reading Syllabus

Johns Hopkins. Lectures on Charities by A. G. Warner, 1893

In 1892 Amos G. Warner (1861-1900) was hired as the head of the newly established Department of Economics and Social Science at Stanford. A sketch of his biography is found in the eulogies reported at his memorial service at Stanford.  This is followed by an outline with readings for a course of lectures he held at Johns Hopkins University in 1893 “On Charities and their Administration”.

 

 

___________________________

MEMORIAL TO DR. A.G. WARNER.

Friends and Colleagues of the Dead Professor Pay Tribute to a Truly Great Man.

Last night memorial services were held in the chapel for Dr. Amos Griswold Warner, late head of the department of Economics and Sociology in the University. The touching tributes of recollection bore eloquent testimony how deeply his friends at Stanford have felt his death.

President Jordan first spoke, saying : “About fourteen years ago I was told by one who had attended a convention of political economists that the man who was the most sane, interesting, and human of them all was the professor of economics in the University of Nebraska, Dr. Amos G. Warner. It was largely through this statement that I was led to investigate his life and work and to offer him a professorship, first in the East and again in the West, the last of which he finally accepted. It was through Dr. Warner’s recommendation that I first came to look up the records of Dr. Ross and Dr. Howard, so he had a great deal to do with this institution.”

Dr. Jordan introduced Dr. Howard, who said of Dr. Warner, in part : “I have had an acquaintance with him extending over a score of years and must be excused if I give personal reminiscences.

“Just twenty years ago last September there appeared for registration in the University of Nebraska a farmer’s boy from Roca, a village about eleven miles distant from there. His clothes were of the severest country type. His eye, as many of you know, constantly gave a human and somewhat quizzical light —looking out into the new world into which he was about to enter, and of which in more than usual measure he took possession. I had just returned from Germany and for three months was a supply teacher, and with others felt that a new power had come among us, as we learned more and more to appreciate his mind. The part which a young man or a young woman has to take in academic life in the making of the institutions which constitute that life is very important. As he is strong or great in that life he is likely to be in the life beyond. Dr. Warner had a sense of humor almost unsurpassed, and was often a leader in college fun — in true college fun — that kind which had the joy of gentleness, but he was never found in that group whose only claim to academic distinction is good clothes, nor among those who are eager to imitate evil, nor among those who in the name of a college joke or prank delight to persecute those who are physically or mentally weaker than themselves. He told me that he had resolved to graduate and then carry the culture he had obtained into a farmer’s life. While yet a graduate student he received his first call to public duty. In Baltimore, the patron of charities in that city heard of him and the young boy received an invitation to organize the charities —the most difficult work that any man can undertake. The plough boy of Roca undertook the work and he succeeded. And then came the first call to teach. He was appointed an associate professor and my colleague, and now after a few months’ teaching came his second call to public work, to Washington. The thing which finally determined his coming to Stanford was the gift of the Hopkins Library to this institution. He was deeply interested in railroad matters and would build up a railroad school here which would be a great activity.

“But was the work of Dr. Warner left unfinished? He first organized the Associated Charities, and then he organized one of the most important branches of another science, that of Economic Corporations. But there is something more than that which is better, and that is the influence of that good and true soul which he put forth. One may compare it in its results to a diamond cast into the water. The waves of intellectual and moral influence recede further and further, until they break the uttermost shores of time. He had knowledge of man, and of men in all forms and shapes, which only the wise can possess. His work led him in the lowest walks of society, and he came out of it a master of men. When one stands in the presence of that noble and pure soul he cannot but feel humility. When one considers his greatness and his strength one may have faith and hope for the man of democracy.”

Dr. Edward A. Ross was the next to speak of Dr. Warner. He said : “Professor Warner was a most original man. His was the pioneer mind. He seemed to have the capacity to relate economics to real life. He was always on the growing margin of the science, where something new is to be discovered. His methods were original and effective. Instead of sending his students to texts, he sent them out in the world to study the jails, almshouses, and city halls. Students who are here now simply cannot realize the deep devotion of Professor Warner’s students to him, and the profound impression that he has left on every one of them. He had a rare common sense. When he was here two years ago he gave four lay sermons, and I think that they will never be forgotten. I have hardly heard a person comment on these sermons. They are of the kind that you think over, and carry in your mind.”

[…]

Source:  The Stanford Daily. Vol. XVI, Issue 9 (January 24, 1900), p. 1.

 

________________________

CHARITIES AND THEIR ADMINISTRATION.
ABSTRACT OF A COURSE OF LECTURES BY A. G. WARNER, PH. D.
[1893]

The lectures to graduate students on Social Science during the current year were opened with an introductory course by President Gilman. He briefly characterized some of the fundamental and special works of sociology and showed its relation to history, politics, economics, education, sanitation, penology, and other distinct fields of social inquiry. The relations of university men to the State and to society were discussed, together with various practical topics pertaining to political ethics, public morality, social reform, and organized charity.

These introductory lectures were followed by courses by Dr. A. G. Warner and Dr. E. R. L. Gould.

A course of ten lectures on “Charities and their Administration ” was delivered during December and January by A. G. Warner, Ph. D., Superintendent of Charities for the District of Columbia, and Professor-Elect of Economics in the Leland Stanford Jr. University. During and following the course, a company of those especially interested in the subject visited many of the charitable and penal institutions of the city and vicinity, under the guidance of Mr. F. D. Morrison, Superintendent of the Maryland School for the Blind, who represented the Baltimore Charity Organization Society, and Mr. D. I. Green, who was chosen chairman of the class.

The substance of Dr. Warner’s lectures will eventually be incorporated in a work entitled “American Charities, a Study in Philanthropy and Economics,” [Volume 4 in Crowell’s Library of Economics and Politics, 1894] but it is thought best to print at once for the use of those interested in the subject the list of references and a brief synopsis of the lectures themselves.

The references as given by Dr. Warner have been extended by, Mr. D. I. Green, through the addition of dates and places of publication and the completion of titles. They are presented here not as a bibliography of charities but as a reader’s guide which has already proved useful to students of social science.

Perhaps the best bibliography for the American student of charity, though by no means complete, is that found in the appendix of the last Baltimore Directory of Charities. The Directory may be obtained from the Charity Organization Society of Baltimore for fifty cents. The Library Catalogue of the London Charity Organization Society, now appearing in Charity Organization Review, will constitute a more complete bibliography.

 

List of Works Suggested by the Lecturer for Reference in connection with this Course.

 

(a) Bibliographical Helps:

Adams, H. B. Notes on the Literature of Charities. Johns Hopkins University Studies, fifth series, No. 8. 1887.
Commons, John R. Popular Bibliography of Sociology. The Christian Social Union, Madison, Wis. 1891.
Catalogue of the Library of the State Charities Aid Association. New York City. 1886. Directory of Charities of Baltimore, Appendix E. Charity Organization Society, Baltimore. 1892.
Catalogue of Library of the London Charity Organization Society. This is being printed in sections as a supplement to the Charity Organization Review, beginning with January, 1893. London.

 

(b) Periodicals:

The Charities Review. Published monthly from November to June. Charity Organization Society of New York City. $1.00.
Lend a Hand. Edited by Rev. E. E. Hale. Monthly. Boston. $2.00.
State Charities Record. Published bi-monthly. The State Charities Aid Association of New York. Discontinued, June, 1892.
Charity Organization Review. Published monthly. The Charity Organization Society of London. 6 d. each.
The Monthly Register. The Philadelphia Society for Organizing Charity. 50 cts.
Die Arbeiter-Kolonie. Monthly. Gadderbaum, Germany. 50cts.

 

(c) European:

Nicholls, George. History of the Poor Laws. London. 4 vols. 1854-1857.
Chalmers, Thomas. Christian and Economic Polity of Large Towns. Glasgow, 1858.
Fowle, T. W. The Poor Law. London, 1881.
Fawcett, Henry. Pauperism; Its Causes and Remedies. London, 1871.
Hodder, Edwin. Life and Work of the Earl of Shaftesbury. London and New York, 1886.
Booth, Charles. Labor and Life of the People. 3 Vols. London. 1889, 1891, 1892.
Schönberg’s Handbuch der Politischen Oekonomie, third edition, article, “Armenwesen,” by E. Löning. Tübingen, 1891.
Conrad’s Handwörterbuch der Staatswissenschaften, articles, “Armenwesen,” by Dr. Aschrott and others; and “Arbeiter-Kolonien,” by J. Berthold. Jena, 1890
Emminghaus, A. Poor Relief in Different Parts of Europe. Translation. London, 1873.
Böhmert, Victor. Armenwesen in 77 Deutschon Städten. Dresden, 1886.

 

(d) American:

Annual Reports of the National Conference of Charities and Correction, 19 vols. Boston.
Reports of State Boards of Charities.
Report on the Defective, Dependent and Delinquent Classes. Tenth Census of the United States. Vol. XXI.
Aschrott, P. F. Poverty and Its Relief in the United States of America. Translated for the Baltimore Charity Organization Society. Baltimore, 1890.
Gilman, D. C. Our Relations to Our Other Neighbors. Baltimore, 1891.
Warner. Dr. Amos G. Charities: The Relation of the State, the City, and the Individual to Modern Philanthropic Work. 12 pages. Supplement to Johns Hopkins Univ. Studies. Baltimore, 1889.
Riis, Jacob A. How the Other Half Lives. New York, 1889.
Crooker, Joseph H. Problems in American Society. Boston, 1889.
Ely, Richard T. Philanthropy. Reprinted by the Baltimore Charity Organization Society, 1887.

 

In studying pauperism, we study one branch of the science of social pathology; in studying charities and their administration we are concerned with one branch of social therapeutics. Pauperism is natural and inevitable only in the same sense that bodily disease is natural and inevitable. Both are evils to be treated by scientific methods and to be assailed in their causes. Parenthetically it may be said that the tendency to use the term social science or sociology as meaning simply what is here called social pathology and therapeutics is a pernicious one. There is no good name for the branch of social science which relates to the care of social weaklings.

In the present course little will be said about gratuitous charity-made pauperism. The evils resulting from unwise giving are to be mentioned only incidentally. It is desired to dwell on what needs doing rather than on what should not be done, to consider especially those great and various groups of individuals whose destitution is undoubted, and to outline the wisest methods of helping them.

 

Lecture No. 1.
PAUPERISM AS A PHASE OF NATURAL SELECTION.

(a) On Natural Selection in its Application to Man:

Huxley, Thomas H. The Struggle for Existence. The Nineteenth Century, Feb., 1888. On the Natural Inequalities of Men. Ibid, Jan., 1890.
Wallace, A. R. Contributions to the Theory of Natural Selection. London, 1871.
Ritchie, D. G. Darwinism and Politics. London, 1889.
Bagehot, Walter. Physics and Politics, chapter on the “Uses of Conflict.” 1872.
Darwin, Charles. Origin of Species, 1859; and the Descent of Man, 1871.
Spencer, Herbert. Principles of Biology, 1864; and Principles of Sociology, 1874 et seq.
Malthus, Rev. Thomas Robert. The Principle of Population. London, 1798, 1803, etc., New York, 1890.

 

(b) On the Causes of Pauperism:

Booth, Charles. Pauperism and the Endowment of Old Age, chapter VII, and the tables there cited. London and New York, 1892.
Böhmert, (see above) pp. 114-116.
Reports of the Charity Organization Societies of Boston, Buffalo, New York, Baltimore, etc.
Warner. A. G. Notes on the Statistical Determination of the Causes of Poverty. Publications of the Am. Statistical Association, New Series, Vol. I, No. 5. Boston, 1889.
Crooker. Problems in American Society. Boston, 1889, p. 146.

 

“The Unfit” is an ambiguous term (see Huxley and Ritchie). In a narrow sense it means simply unfitness to cope with circumstances at a given time and a given place; in a broader sense it means unfitness from the standpoint of race improvement and it is a common but mischievous error to assume that those who are unfit in one sense of the term are also unfit in the other. Natural selection as a means of race improvement is always efficient, but sometimes enormously slow and wasteful. A man would be unfit in the sense of failing to cope with circumstances who should not be able to resist an attack of small pox, or who finding himself thrown into deep water should be unable to swim. Vaccination and life preservers are used to prevent such persons from becoming victims of temporary misfortune or weakness; and this is a proper modification of natural selection, because the persons who are not by nature fitted to cope with the special circumstances of the time and place may be eminently fit from the standpoint of race improvement. The purpose of philanthropy should be first, to preserve those who are fit from the standpoint of race improvement from being crushed by unfortunate local or temporary conditions, and second to enable those who are unfit from the standpoint of race improvement to become extinct with the least possible suffering.

In trying to determine what constitutes the unfitness of the individuals composing the pauper class, a system of case counting is frequently resorted to. A tabular exhibit of the result reached by German, English and American investigators shows that the most constant factor is sickness; next in importance in chronic pauperism is weakness of old age, and in incipient pauperism, the weakness of extreme youth. An attempt to classify the cases of pauperism according as the causes indicate misfortune or indicate misconduct has for its leading result the conclusion that very little dependence can be placed upon such a classification. The study of a concrete mass of pauperism tends to confirm Dugdale’s conclusions that “Hereditary pauperism rests chiefly upon disease in some form, tends to terminate in extinction, and may be called the sociological aspect of physical degeneration.”

 

Lecture No. 2.
SOME OF THE SOCIAL CAUSES AND EFFECTS OF INDIVIDUAL DEGENERATION.

 

Billings, John S. On Vital and Medical Statistics. Reprinted from The Medical Record. New York, 1889.
Eleventh Census, Bulletin 100.
Körösi. Joseph. Sterblichkeit der Stadt Buda-pest in den Jahren 1876-1881 und deren Ursachen, Mittheilungen über individual Mortalitäts-beobachtungen, and other works. Budapest, Hungary.
Reports of the New Jersey Bureau of Labor for 1889,1890 and 1891, chapters upon the “Health and Trade-Life of Workmen.”
Twiss, Travers. Tests of a Thriving Population. London, 1845.
Porter, Dwight. A Sanitary Inspection of Certain Tenement-House Districts of Boston. 1889.
Chapin, H. D. Preventable Causes of Poverty. The Forum. June, 1889.
Humphreys, Noel A. Class-Mortality Statistics. Journal of Royal Statistical Society. June, 1887.
Newsholme, Arthur. Elements of Vital Statistics. London, 1889.
Grimshaw, T. W. Reports as Registrar General of Ireland, 1885 et seq.

 

Influences which often tend to lower the industrial and social status of the individual that are commonly treated in works on economies, are the variations in the purchasing power of money, changes in industry, undue power of class over class, specialized industries, and the work of women and children. For present purposes we do not take up these topics which are treated elsewhere, but will content ourselves with certain statistical investigations as to occupational-mortality and morbidity.

By computations based on a table given by Körösi we find that out of 1000 merchants (Kaufleute) who are in the business at the age of 25 there will be alive at the age of 60, 587.7; of the same number of tailors, 420.6; of shoemakers, 376.2; of servants, 290.2; of day laborers, 253.4. The high mortality of the laboring classes carries with it an implication of a relative large amount of sickness. Taking an average of two years of sickness to each death—which is the proportion commonly assumed by statisticians— we find that merchants would have 32.5 years of health in which to provide for one year of sickness, tailors 21.3, shoemakers 18.7, servants 15.5, and day laborers only 13 years. This, however, does not indicate fully the burden imposed upon the lower classes by a high death rate. In order to give a more adequate idea of this burden we must turn to statistics of class-mortality and morbidity, since only here do we obtain a view of sickness and health in the population of all ages. Taking the population of Dublin, as statistically described by Dr. Grimshaw, it is found that among persons of the independent and professional classes there is an average of 24.5 years of health for persons over fifteen years of age in which provision may be made for one year of sickness in the whole population of the same class; while for the poorest class there are only 8.8 years of effective health in which to provide for one of sickness.

In the first lecture we reached the conclusion that disease is an important cause of poverty. We now reach the conclusion that poverty is an important cause of disease. Yet it is not without advantage that we travel all the way around this circle, and reach no general conclusion more novel than that already announced in Proverbs, “The destruction of the poor is their poverty.” It enables us to realize anew the interaction of social forces, and the manner in which that which they have is taken away from those which have not.

 

Lecture. 3.
PERSONAL CAUSES OF DEGENERATION.

Weismann, A. F. L. Heredity and Kindred Biological Problems. Translation, Oxford, 1889.
Ward, Lester F. The Transmission of Culture. The Forum, May 1891; and Neo-Darwinism and Neo-Lamarkism. Pamphlet. Washington, 1891.
Galton, Francis. Hereditary Genius. London, 1869.
Dugdale, R. L. The Jukes. New York, 1877, 1884.
McCulloch, O. C. The Tribe of Ishmael. Indianapolis, 1888.
Ely, R. T. Pauperism in the United States. North American Review, April, 1891.
Strahan, S. A. K. Marriage and Disease. New York, 1892.
Booth, Charles. Pauperism and Endowment of Old Age. 1892.
Drummond, Henry. Natural Law in the Spiritual World, chapters on Semi-Parasitism, and Parasitism. New York, 1887.
Tenth Annual Report of the New York State Board of Charities. 1877.
Royce, S. Deterioration and Race Education. New York, 1877.

 

As to heredity it must be said that it is now an open question among scientists whether or not acquired characteristics are transmitted by inheritance. If not, we are more in the dark as to the cause of variation in the human and other species than was for a time supposed; and much bearing on our present subject that has been written by Spencer, Maudsley, Bagehot and Dugdale is out of date. For instance, Mr. Dugdale’s tentative conclusion that “heredity itself is an organized result of invariable environment” would have to be given up. If Weismann’s contention is correct those interested in race-improvement will have to pay more attention than might otherwise have been thought necessary to the principles of selection. Galton has investigated the influence of heredity in producing unusually able men; Dugdale, McCulloch, Mrs. Lowell, and Charles Booth have investigated its influence in producing paupers, criminals and prostitutes.

Among secondary causes of degeneration pertaining to persons the following are of leading importance:

(1). Sexual licentiousness. All careful observers agree that perversion of sexual instincts is one of the chief causes of individual degeneration. It results in specific disease, general under-vitalization and incapacity. (2). Intemperance. Its degenerative influence is greatest in classes considerably above the pauper class (Booth, pp. 39-41). Its influence has not been studied with the scientific care it merits. (3). Laziness and under-vitalization merges into various forms of specific disease and into idiocy. It often appears in the children of the licentious and intemperate. (4). Parasitism, or the habit of dependence. Is at once an evidence and a source of degeneration. Is closely analogous to parasitism among plants and animals. (See Drummond, above). It may be indefinitely developed by unwise philanthropy.

We need not for the present inquire whether the secondary causes result from the influence of the individual’s “free choice,” from hereditary or from environment. There is said to be a tendency among defectives to intermarry, and so eventually to hasten extinction. (See Strahan).

 

Lecture No. 4.
THE ALMSHOUSE AND ITS INMATES.

(a) On Almshouses:

Booth, Charles. Pauperism and Endowment of Old Age, 1892, especially pp. 33 and 117.
Eleventh Census, Bulletin 90.
Report of a Conference on Charities held in Baltimore, April, 1887. Especially F. B. Sanborn on “Work in Almshouses,” and A. G. Warner on “The Charities of Baltimore.”
Reports of State Boards of Charities, especially New York, Indiana, Illinois, and Wisconsin.
Reports of the National Conferences of Charities and Correction. Especially papers by Messrs. Giles and Sanborn, 1884; Byers, 1886, and Mrs. Lowell, 1879.
Pamphlets issued by the Wisconsin State Board of Charities on the Construction and Management of Almshouses.

 

(b) On Out-Door Relief:

Reports of the National Conference, 1879, pp. 200 ff; 1881, pp. 144-154; symposium, 1891.
Farnam, H. W. Report on the Advisability of Establishing a Workhouse, etc. New Haven, 1887.
Lee, Joseph. A Study in Out-Door Relief. State Charities Record. April, 1892.
Report of Committee on Out-Door Alms of the Town of Hartford, Conn., 1891.

 

(c) On Old Age Pensions:

Booth. Pauperism. (See above).
Spender, J. A. The State and Pensions in Old Age. London, 1892.
Chamberlain, Joseph. Old Age Pensions. The National Review. Feb., 1892.
Loch, C. S. Old Age Pensions and Pauperism. London, 1892.

 

The almshouse is the fundamental institution in American poor relief. The abjectly destitute not otherwise provided for are sent here (inmates of almshouses in the United States 1890-73,015, ratio of population 1 to 857; 1880, inmates of almshouses, 66,203, ratio to population 1 to 758—Census Bulletin No. 90).

Formerly almost the entire care of the poor was left to the local political units. Under such circumstances all classes of dependents were jumbled together in the almshouse. Now, specialization is so far advanced that the state usually cares for the blind, the deaf and dumb, and in many cases for the insane and the feeble minded, and children are usually provided for by special agencies. This leaves for the almshouse at the present time the old, the infirm, the decrepit and chronic invalids and paupers. The stigma attaching to the acceptance of almshouse relief seems to come not so much from the fact that it is supported by the public as from the fact that a great majority of its inmates are thoroughly degenerate physically and morally. (See Hartford Report).

The almshouse is usually managed either by the county, city or township. Its character depends first upon the man employed as its superintendent, and second on the supervision. It is an institution that people willingly forget and reluctantly visit. It should be on a farm but near a town, so that visitors may easily reach it. Besides this, State supervision is indispensable and adequate control is desirable. (See Illinois Report, 1890—page 104).

To prevent excessive almshouse population the following deterrent influences have been used at various times and places: (a) Inhuman and-unallowable: dirt, hunger, cold, cruelty, vermin, and the promiscuous mingling of the evil and the good. (b) Beneficent: Rigid discipline, work for all capable of doing anything, cleanliness, and thorough investigation of applicants.

The evils to be guarded against other than those indicated above: (a) Lax rules regarding admission and departure (Booth and Mrs. Lowell); (b) Lack of proper classification (as to sex, age, character, etc.); (c) Presence of insane and feeble minded without adequate provision for them; (d) Presence of children; (e) Excessive cost; (f) Undue attractiveness.

Attempts have been made to provide in other ways for those commonly sent to the almshouse; the first of these is out-door relief. Strangely enough, the effect of giving such relief has usually been to increase the number of in-door poor, and conversely when the supply of out-door relief has summarily been cut off; the number of out-door poor has diminished, or remained stationary. Several proposals for the endowment of old age have recently been made in England. Canon Blackley, Joseph Chamberlain and Charles Booth have severally made proposals upon which a large number of variations have been suggested by others. It is not certain that pensions are a cure for pauperism, as our own experience indicates.

The almshouse must continue to be the basis of public poor relief. It is therefore the duty of those interested in the welfare of the poor to know that the almshouse in the community in which they live is well and humanely managed; that it is a proper place for those who ought to go there; and that those that should not, especially the children and certain classes of the insane, are elsewhere provided for.

 

Lecture No. 5.
THE SICK, THE INSANE, AND THE FEEBLE-MINDED.

(a) On Charities for the Sick:

Rentoul R. B. Reform of our Voluntary Medical Charities. Paris, 1891.
Reports of the National Conferences of Charities and Correction. Papers on Medical Charities: 1883, pp. 428 ff.; 1875, pp. 52 ff.; 1877, pp. 81-46; on Hospitals: 1890, pp. 155-177; 1891, pp. 52 ff.; on Training Schools for Nurses, 1890, pp. 110-147.
Hampton, Miss I. A. District Nursing. Report of the Charity Organization Society of Baltimore for 1891, and The Charities Review for February, 1892.
Hampton, Miss I. A. Nursing: Its Principles and Practice. Philadelphia, 1893.
Hunter, Mrs. Hospital Nursing. Eng. Illustrated Magazine for March, 1891.

 

(b) On the Care of the Insane:

Report of the National Conference. Especially 1882, p. 97, and 1888, pp. 25-95 and 384.
Finley, J. H. American Reform in the Care of the Insane. Review of Reviews, June, 1891.
Hammerton, C. R. Modern Treatment of the Insane. Chautauquan, Dec., 1891.

 

(c) On the Care of the Feeble-Minded

Reports on the National Conference: 1884, pp. 246-263; 1885, pp. 158-178; 1886, pp. 288-302; 1887, pp. 250-260; especially 1888, pp. 99-113 and 395; 1890, pp. 224 ff.
Institution Bulletin, and Annual Reports of the Pennsylvania Training School for Feeble Minded Children, especially the Circular of Information for 1888. West Chester, Pa.

 

In these three departments of charity work the problem is to provide the best possible curative treatment for those that are curable, and to furnish kind custodial care for the incurable. It is especially necessary that adult females incurably insane or feeble-minded should have custodial care during their entire lives.

 

Lecture No. 6.
THE UNEMPLOYED AND THE HOMELESS POOR

Reports of the Massachusetts Bureau of Statistics of Labor. 1879, and especially 1887.
Reports of the Ohio Bureau of Labor. 1890 and 1891.
Warner, A. G. Some Experiments on Behalf of the Unemployed. Reprinted from The Quarterly Journal of Economics for Oct., 1890. Boston.
Die Arbeiter-Kolonie. Monthly Magazine. Gadderbaum, Germany.
Peabody, F. G. German Labor Colonies. Forum, February, 1892.
Report of Indiana State Conference of Charities. 1891.
Willink, H. G. Dutch Home Labor Colonies. London, 1889.
Reports of the Philadelphia Society for Organizing Charity.
Booth, Wm. In Darkest England and the Way Out. London and New York,1890.
Huxley, Thos. H. Social Diseases and Worse Remedies. London, 1891.
Loch, C. 8., Bosanquet, B., and Dwyer, C. P. Criticisms on “General” Booth’s Scheme, London, 1891.
The Homeless Poor of London. Report of the London Charity Organization Society. June, 1891.
Ribton-Turner, C. J. History of Vagrants and Vagrancy. London, 1889.

 

The problem of the unemployed is very largely the problem of the inefficient. The evil must be assailed in its causes, as very little can be done for the inefficient adult.

There are three distinct ways of dealing with the homeless poor: First, aid them or force them to move on,—this simply results in a shifting of burdens; is very expensive and inefficient if it is the only method adopted. Second, punishment, — a severe law passed in Connecticut worked well for a time, but is now a dead letter. Third, give indiscriminately what they ask, — this promotes vagabondage and consequent misery. As a matter of fact each case must be treated individually, some should be aided to move on, some should be punished and some should be given what they ask. The station house system of free lodgings suits the tramp and degrades and repels the merely unfortunate. Vermin, bad air, dirt and crowding are luxuries to the tramp; cleanliness and work are the things he cannot stand. What is needed is a lodging house with clean beds, good ventilation, a shower bath, a steam chest or fumigating room for devitalizing clothing, and a wood yard or stone heap where the work test may be applied.

 

Lecture No. 7.
DEPENDENT CHILDREN.

Brace, Charles Loring. The Dangerous Classes of New York. New York, 1872.
Wines, E. C. State of Prisons and Child Saving Institutions in the Civilized World. Cambridge, Mass., 1880.
Review of Reviews for January, 1892. Including “The Child Problem in Cities,” by J. H. Finley, and “Two Champions of the Children” (Elbridge Gerry and Benjamin Waugh), by the editors.
Riis, Jacob A. Children of the Poor. New York, 1892.
Reports of the National Conference of Charities and Correction. Especially 1880, pp. 166-174; 1881, pp. 271-308; 1884, pp. 115-207 and 354 ff..; 1888, pp. 215-235 and 279 ff.; 1889, pp. 1-9.
The Charities Review for March,1898. Several articles concerning dependent children.
Reports of the Children’s Aid Society, New York.

 

The work for children is the most hopeful branch of charitable endeavor. Institutional care results in a very high death rate for infants, and among older children in a failure to develop properly and fully; there is a lack of preparation for ordinary life, the children acquire habits of dependence and lack inventiveness, vitality and energy. “Placing out,” if done with care, gives the child an opportunity for healthful development, and readily makes of him an independent member of the community. The placing out system is perhaps worse than the institutional system unless it. is administered with “an adequate supply of eternal vigilance.”

 

Lecture No. 8.
PHILANTHROPIC FINANCIERING.

 

Reports of the National Conference of Charities and Correction. 1888, paper by Seth Low on Municipal Charities; the reports on state boards of charities in every volume; 1889, paper by Mrs. Lowell.
First Report of the Superintendent of Charities of the District of Columbia, 1891.
Johnson, Alex. Some Incidentals of Quasi-Public Charity. Charities Review, Feb., 1892.
Hobhouse, Arthur. The Dead Hand. London, 1880.
Fitch, J. G. Endowments. Printed in the Proceedings of the College Association. Philadelphia, 1888.
English Blue Books. Returns of the Commissioners of Inquiry into Charities.

 

Passing with nothing more than mention the well-known distinctions between public and private charities, we find, under the head of to-day’s lecture, two subjects of pressing and practical importance. The first is that of endowments. The proper regulation of bequests to charitable institutions is of even more importance in this country than in England, because of the Dartmouth College decision, yet but little attention has been paid to it. We practically give a man who possesses wealth the power of controlling its disposition indefinitely. The experience of European countries admonishes us that this is a distinctly dangerous power to confer. All States should provide for the systematic “visitation” of endowed charities, and give to some public body the power to control their administration. Regulation of holdings in mortmain is more indispensable in institutions for giving material relief than in educational institutions. The latter deal with the intelligent and often with the influential classes, and must, at any rate, compete with one another for students. Institutions affording material relief deal especially with the defenceless classes, and the element of competition is absent.

The second subject of importance is that of public subsidies to private charities. To grant such subsidies is usually at first a cheap method of providing for certain classes of the poor, but eventually results in the multiplication of institutions, in excessive expense, and undesirable entanglements with sects and cliques. It is only allowable when some public official passes upon the indigency of the beneficiaries, and payment is then made to the private institution on the principle of specific payment for specific work. The experience of New York with charities for children, and of Pennsylvania and the District of Columbia with medical charities is especially instructive.

 

Lecture No. 9.
THE CHARITIES OF AMERICAN CITIES.

 

Reference should be made to the Directories of Charities of the leading cities, and especially to the Directory of the Charities of Boston; Directory of the Charities of New York; Directory of the Charities of Baltimore; and the Indianapolis “Charity Year Book.” For comparison see the “Charities Register and Digest” of London.

The charitable systems of cities are of especial importance because the inefficient and the destitute drift to the centres of population. We often hear of the growth of the city population through the coming to the city of farmer boys who make the successful business men of a succeeding generation, and it is maintained that the city must receive this infusion of new blood or it could not continue to exist. But there is another drift towards the cities of the incapable and the destitute. Those who must depend upon others are apt to fare hardly in the isolation of the rural districts. There is what has been called an element of rural hard-heartedness, which drives the destitute to the cities. Some four or five cities in the United States now have such a large number of charitable organizations at work within their limits that is found necessary to publish a directory of charities. In New York the additions and changes are so numerous that an annual edition of this is published. As an indication of what we are coming to, it is perhaps well to compare these small volumes with the Register and Digest of the London charities, a large octavo of nearly 1000 pages.

To study the table of contents of a directory of charities, or the systematic account of the institutions as given in the body of the book, might leave on the mind the false impression that there was something systematic about their arrangement and that they had come into existence according to a prearranged plan. Such is not the case; their various lines of work intersect and overlap each other, and one gets a more correct idea of the heterogeneous mass of charitable agencies by reading an alphabetical list of them.

 

Lecture No. 10.
RECENT EXPERIENCES IN THE ORGANIZATION OF CHARITIES.

(a) Charity Organization:

Gurtean, S. H. A Hand-book of Charity Organization. Buffalo, 1882.
Loch, C. S. Charity Organization. London, 1890.
Crooker, J. H. Problems in American Society, 1889, pp. 105-115.
Lowell, Josephine S. Public Relief and Private Charity. New York, 1884.
Reports of the National Conference of Charities and Correction since 1879.
Reports and publications of the American Charity Organization Societies, especially those of Boston, New York, Buffalo, Baltimore, Philadelphia, New Haven, Indianapolis, and Cincinnati.
Hill, Miss Octavia. Various pamphlets and review articles.
Fields, Mrs. J. T. How to Help the Poor. Boston, 1884.
Pains, Robert Treat, Jr. Work of Volunteer Visitors. Boston, 1880.
Charities Register and Digest. Introduction, 3d edition. London, 1890.
Wines, F. H. The Law of Organic Life: Its Application in Public and Private Charity. An address delivered before the Charity Organization Society of Baltimore, Dec. 1891. Springfield, Ill., 1891.

 

(b) State Boards of Charities:

Reports of the National Conference of Charities and Correction, all volumes.
Reports of the boards of the several states.

 

Public charities are usually co-ordinated by a State board, and the larger cities also have municipal boards of supervision or control. State boards of charities are of two general kinds, first, those having executive power, such as Rhode Island, Wisconsin and Kansas. In these cases the members usually receive a salary. Secondly, boards having powers of supervision and report only, with an unsalaried membership and a salaried secretary who is an expert. The State board should have powers of visitation and report regarding county and city institutions as well as State institutions, and it is better when they can be given powers of visitation over all charitable institutions in the commonwealth, whether such institutions receive public money or not.

Supplementary to the work of the State boards are the State charities aid associations as found in New York and New Jersey. These are supported by private contributions and are made up of volunteer workers with possibly a paid Secretary. The law gives the right of visitation over all public charitable institutions. They are intended to supplement the work of investigation as performed by public officials, and to improve in every possible way the administration of public charities.

The work of co-ordinating all charitable agencies of the cities and towns so as to avoid the overlapping of relief, the perpetration of fraud, and to secure the greatest possible efficiency of the allied agencies, is the work of what is known as a charity organization society. A charity organization society is primarily an animated directory of all the charities of the city in which it exists. It undertakes to secure the harmonious co-operation of all the persons interested in aiding the poor, to see that prompt and fitting relief is found for all cases of genuine distress of whatever kind, so to visit and investigate each applicant for relief so as to secure accurate knowledge of his needs, to register by cases all relief given and all facts learned regarding applicants for relief, to apply correctional influence to all able and unwilling to work, to applicants the poor with friends other than almsgivers, and to undertake the collection and diffusion of knowledge upon all subjects connected with the administration of charity.

 

Conclusion.

Among the hopeful tendencies in modern philanthropic work, may be mentioned the emphasis that is being put upon preventive work, especially in the matter of securing more healthful conditions for the poor, the protection of the young, and the encouragement of charities having the educational element strongly developed. Not as much attention as could be wished has been paid to the matter of enabling the distinctly unfit to become painlessly extinct

In speaking to a company of graduate students, most of whom look forward to professorial careers, it is desirable to indicate the use of courses in social pathology. The matter will receive perhaps its first systematic treatment in the work of section 7, of the International Congress of Charities, Correction and Philanthropy, which will be held in Chicago, next June. From the time that Chalmers delivered his lectures on political economy, and especially on pauperism at the University of Glasgow, and re-enforced them by the practical work of abolishing public out-door relief in his own parish, to the time of Toynbee, and to the present when fully a half-dozen American colleges or universities give systematic instruction in this branch, more or less has been done in this line. Aside from the practical outcome of such instruction and its influence on benevolent work, there is a distinct value in approaching the labor problem, for instance, from the standpoint of the incapable, or the subject of public administration from the point of departure of those institutions where abuses are most frequent.

The specialist must, however, be careful not to mistake his particular study for the whole subject. Social pathology is not social science but only a branch of it.

 

Source: Johns Hopkins University University Circulars. Vol. XII, No. 105 (May, 1893), pp. 73-77.

 

 

 

Categories
Courses Harvard Suggested Reading Syllabus

Harvard. Graduate Mathematical Economics. Goodwin, 1948

In the Fall term of 1948-49 assistant professor Richard M. Goodwin took over the graduate course in Mathematical Economics at Harvard from Wassily Leontief (who last taught the course during the academic year 1946-47).

Earlier postings at Economics in the Rear-View Mirror for Goodwin:

Reading list for a course on business cycles,
Letters from Burbank and Schumpeter on Goodwin’s behalf to Columbia,
and a 1951 Harvard Crimson feature written by the Edward Snowden precursor, Daniel Ellsberg (who leaked the Pentagon Papers in 1971).

Some might see “physics envy” in Goodwin’s selection of reference texts. But do remember, there was hardly a plethora of books on mathematical methods in economics to choose from at that time.

__________________________________

[Course Announcement]

Economics 204b (formerly Economics 104b). Mathematical Economics
Half-course (fall term). Tu., Th., 2:30-4. Assistant Professor Goodwin.

Properly qualified undergraduates will be admitted to this course.

 

Source: Harvard University. Final Announcement of the Courses of Instruction offered by the Faculty of Arts and Sciences for the Academic Year 1948-49, p. 77.

____________________________________

[Course enrollment]

[Economics] 204b (formerly 104b). Mathematical Economics (F). Assistant Professor Goodwin.

2 Graduates, 3 Seniors, 1 Junior, 1 Public Administration, 2 Radcliffe: Total 9

 

Source: Harvard University. Report of the President of Harvard College and Reports of Departments for 1948-49, p. 77.

____________________________________

 

1948-49
Economics 204b

A
Partial Analysis

  1. The Role of Logical and of Empirical Elements in Economics
  2. Power Series and Linear Approximations
  3. Marshallian Static Market
  4. Dynamical Partial Equilibrium with examples of first and second order differential equations
  5. Durable Goods Markets, The Acceleration Principle and Simple Aggregative Mechanisms
  6. The Cob-web Theorem and the Multiplier
    First Order Difference Equations
  7. Inventory Cycles
    Second Order Difference Equations

Reading Assignments:

P. Frank, Foundations of Physics, Parts I, II and Section 14.
P. A. Samuelson, Foundations of Economic Analysis, Chs. I, II, IX, and X, pp. 302-307
Marshall, Principles of Economics, Book V, Ch. I, II, III
R. Frisch, “The Interrelation between Capital Production and Consumer Taking”, Journal of Political Economy, 1931.
M. Ezekiel, “The Cob-web Theorem,” in Readings in Business Cycle Theory
R. M. Goodwin, “The Multiplier,” in The New Economics, ed. S. E. Harris
L. A. Metzler, “The Nature and Stability of Inventory Cycles,” Review of Economic Statistics, 1941.
Ibid., “Factors Governing the Length of Inventory Cycles,” Review of economic Statistics, 1947.

 

B
General Interdependence

  1. The Leontief Matrix, Linear Systems
  2. The Multiplier as Matrix: Static Analysis, Inhomogeneous Systems
  3. The Multiplier as Matrix: Dynamic Analysis, Dynamical Difference Equation Systems
  4. Linear Dynamic Systems in Economics

Reading Assignments:

T. Haavelmo, “The Interdependence Between Agriculture and the National Economy, J.F.E. [Journal of Farm Economics], 1947.
W. Leontief, The Structure of the American Economy, pp. 1-42.
Ibid., “Output, Employment, Consumption, and Investment,” Q.J.E., 1944.
R. M. Goodwin, “Dynamical Coupling,” Econometrica, 1947.

Reading Period: (Read all of the following)

J. Tinbergen, “Econometric Business Cycle Research,” in Readings in Business Cycle Theory.
P. A. Samuelson, “Interactions between the Multiplier Analysis and the Principle of Acceleration,” in Readings.
Ibid., “Dynamic Process Analysis,” in A Survey of Contemporary Economics, ed. by H. S. Ellis.
Ibid., Foundations of Economic Analysis, Chs. XI and XII.

 

[Handwritten on back of library copy
of reading list by Richard M. Goodwin]

To be put on reserve for
Ec 204b

A. C. Aitken, Determinants and Matrices
F. L. Griffin, Introduction to Mathematical Analysis
R. Courant, Differential and Integral Calculus vol I and II
L. A. Pipes, Applied Mathematics for Engineers and Physicists
R. G. D. Allen, Mathematical Analysis for Economists
P. A. Samuelson, Foundations of Economic Analysis

____________________________________

 

[Handwritten note by Richard M. Goodwin]

 

Oct. 22, 1948

Reading Room
Widener Lib.

Dear Sirs:

I would like to have the following books put on reserve for Economics 204b.

A. C. Aitken, Determinants and Matrices
R. Courant, Differential and Integral Calculus vol I and II
L. A. Pipes, Applied Mathematics for Engineers
R. G. D. Allen, Mathematical Analysis for Economists
P. A. Samuelson, Foundations of Economic Analysis
P. Frank, Foundations of Physics
S. Harris, editor, The New Economics

Thanking you, I am

Sincerely

[signed]
Richard M. Goodwin

 

Source: Harvard University Archives. . Syllabi, course outlines and reading lists in Economics, 1895-2003 (HUC 8522.2.1), Box 4, Folder “Economics 1948-1949 (2 of 2)”.

Image Source: Harvard Album, 1946.

 

Categories
Courses Harvard Suggested Reading Syllabus

Harvard. Advanced Economic Theory. William Fellner, 1950-51

As mentioned in the previous posting, William Fellner of the University of California was called in to fill for Wassily Leontief’s graduate course in Advanced Economic Theory during the academic year 1950-51 at Harvard. Another course taught by Fellner that year was history of economics for undergraduates. Still only available in libraries or from used-book dealers is the 1992 “Bio-Bibliography” of William J. Fellner by James N. Marshall. Of course “Bio” means “biography” here.

_____________________________________

If you find this posting interesting, here is the complete list of “artifacts” from the history of economics I have assembled. You can subscribe to Economics in the Rear-View Mirror below. There is also an opportunity for comment following each posting….

_____________________________________

[Course Announcement]

Economics 202 (formerly Economics 102a and 102b). Advanced Economic Theory
Full course. Tu., Th., and (at the pleasure of the instructor) Sat., at 11. Professor Fellner (University of California).

Economics 201 or an equivalent training is a prerequisite for this course. Other properly qualified students must obtain permission to register from the instructor.

 

Source:  Final Announcement of the Courses of Instruction Offered by the Faculty of Arts and Sciences During 1950-51. Official Register of Harvard University, Vol. XLVII, No. 23 (September, 1950) , p. 83.

________________________________________

1950-51
Economics 202
Fall Term

Value Theory (Costs of Production, Demand, Principles of Pricing under Various Market Structures, and the Bearing of These on Welfare Problems)

The list of readings is not final. It will be adjusted to the classroom discussion. Some readings will be assigned, others recommended.

 

  1. Difficulty of “placing” the economies of the Western world in terms of concepts such as capitalism, socialism, individualism, collectivism, etc. Problems arising for theory from the multiplicity of more or less rigidly (or loosely) organized groups.

 

  1. Costs of Production

Production functions, the law of variable proportions.

Cost functions of single-plant firms, of multiple-plant firms and of industries. Short and long-run analysis. Internal and external economies. Relationship between supply functions and cost functions. The particular expenses function. The demand for factors of production. Technological and organizational improvement.

Readings:

Cassels, The Law of Variable Proportions (in Explorations in economics, Essays in Honor of F. W. Taussig).
Hicks, Value and Capital, Chs. 6 and 7.
Viner, Cost Curves and Supply Curves (reprinted from Zeitschrift fuer Nationaloekonomie, 1931).
Harrod, Doctrines of Imperfect Competition (reprinted from Q.J.E.)
Stigler, Production and Distribution in the Short-run (Readings in the Theory of Income Distribution).
Chamberlin, Proportionality, Divisibility and Economies of Scale (Q.J.E., February 1948).
Patinkin, Multiple-Plant Firms, Cartels and Imperfect Competition, (Q.J.E., February 1947).
Joan Robinson, The Economics of Imperfect Competition, Ch. 10 and Ch. 20.
Marshall, Principles of Economics, Appendix H.
National Bureau of Economic Research, Cost Behavior and Price Policy, Ch. 5.

  1. Demand Functions

The assumption of rational consumer behavior. Marginal utility and the indifference curve approach. The measurability problem. Consumer surplus. Complementarity and the rival relationship. Marginal utility of money. The significance of price-elasticity and of income-elasticity. Inferiority and the Giffen Effect. How much validity is there in criticisms of the rationality assumption?

Readings:

Marshall, Principles of Economics, Book IV.
Hicks, Value and Capital, Part I.
Henderson, Consumer Surplus and the Compensating Variation, Review of Economic Studies, February 1941.
Friedman-Savage, Utility of Choices Involving Risk, J.P.E., August 1948.
V. Neumann-Morgenstern, The Theory of Games, pp. 15-20.
Veblen, Marginal Utility Economics (in The Place of Science in Modern Civilization).

 

  1. Market Structures (monopoly, competition, monopolistic competition in large and small groups)

The industry concept and various measures of relationships between firms. The relationship between the size of the market and the size of the firm. The dependence of this relationship on real economies of scale, on exploitative advantages of scale, and on product-differentiation. The bearing of these on welfare. The concept of profit-maximization in various market-structures. Limitations of profit-maximization. “Institutional” considerations.

Readings:

Chamberlin, The Theory of Monopolistic Competition.
Joan Robinson, Economics of Imperfect Competition, Book V.
Fellner, Competition Among the Few, Chs. 1 (incl. Appendix) and 4 through 9.
Sweezy, Demand under Conditions of Oligopoly, J.P.E., June 1939.
Lerner, The Concept of Monopoly and the Measurement of Monopoly Power, Review of Economic Studies, June 1934.
(Possibly also Rothschild, Economica, February 1942, and Bain, ibid, February 1943).
Buchanan, Advertising Expenditures: A Suggested Treatment, J.P.E., August 1942.
Marschak, Neumann and Morgenstern on Static Economics, Journal of Political Economy, April 1948 (reprinted in Cowles Commission Papers No. 13).
Ellis (ed.), Survey of Contemporary Economics, Ch. 1 (Haley).
National Bureau of Economic Research, Cost Behavior and Price Policy (Sections in Chs. 9-11).

 

  1. The Nature of the General Equilibrium Approach

The coexistence (for methodological reasons) of two types of General Equilibrium approach. Difficulties arising from this. Characterization of the general theory of allocation, given the level of aggregate activity; and of the theory of the determinants of aggregate activity. Brief discussion of the first (the second will presumably be left to the Spring Term).

Readings:

Stigler, Theories of Production and Distribution, Chapter on Walras.
Leontief, Output, Employment, Consumption and Investment, Q.J.E., February 1944.
(Probably also assignments in Phelps-Brown, The Framework of the Pricing System).

__________________________________________

Econ. 202B (Spring Term) [1950-51]

Employment Theory (including introduction to National Income Concepts) and the Theory of Distribution

The list of readings is not final. It will be adjusted to the classroom discussion. Some readings will be assigned, others recommended.

I

Introductory discussion of the changing content of concepts expressing the “net” yield of economic activity. References to Quesnay, Smith (W. of N. Book II Chs. 2 and 3), Ricardo (Principles Ch. 26), Marx, Fisher (Nat. of Cap. and Int. Ch. 7), Pigou (Ec. of Welfare, Book I Chs. 1-8).

 

II

Determinants of aggregate output and employment in terms of “savings-investment” concepts such as the Wicksellian, Robertsonian, Keynesian. Translation of the analysis into terms of contemporary national income concepts. The savings-investment approach and the velocity approach. The search for links between value theory and the aggregative approach.

Readings:

Keynes, General Theory of Employment, Interest and Money; and The Ex-ante Theory of the Rate of Interest, Economic Journal, December 1937.
Ellis, (ed.), Survey of Contemporary Economics, Ch. 2; Ch. 8
Lange, The Rate of Interest and the Optimum Propensity to Consume (Readings in Business Cycle Theory).
Robertson, Saving and Hoarding (Economic Journal, September 1933).
Survey of Current Business, July 1947 Supplement.
Angell, Investment and Business Cycles (Chs. 9 and 11 and appendix on income velocity.

 

III.

Bearing of national income concepts on welfare problems. How near can we get to a directly relevant welfare judgment by using “objective” data of this sort? The main qualifications (changes in tastes, distribution, working conditions, natural resources, difficulties inherent in “net” income concepts, etc.). Long-run trends.

Readings:

Pigou, The Economics of Welfare, Part I, Chs. 1-8.
Fisher, The Nature of Capital and Income, Ch. 7.
The Hicks-Kuznets discussion in Economica, May 1940; February, May and August 1948 (only specific sections will be covered)
Kuznets, National Product Since 1869 (sections relating to long-run trends in terms of “overlapping decades”).

 

IV

The statistically distinguished income shares (their short- and long-run behavior); the problem of the functional shares proper.

Readings:

Annual Report of the Council of Economic Advisers (sections in text and appendix relating to distribution in terms of compensation of employees, income of individual owners, corporate profits, etc.)
Fisher, The Theory of Interest, Chs. 5-11.
Boehm-Bawerk, The Positive Theory of Capital, Book V (mainly Chs. 3-5).
Robertson, Mr. Keynes and the Rate of Interest (Readings in the Theory of Income Distribution).
Hicks, Value and Capital, Ch. 12.
Hicks, The Theory of Wages, Ch. 5.
Fellner, Competition Among the Few, Ch. 10, and pp. 311-328).
Knight, Capital and Interest; and Monetary Policies and Full Employment, pp. 152-166 (Readings in the Theory of Income Distribution).
Knight, Risk, Uncertainty and Profit, Ch. 7.
Schumpeter, The Theory of Economic Development, Ch. 4.; and references to Business Cycles.

 

V

The meaning of the functional-distribution problem on the one hand and of distribution by size of income on the other.

Readings:

Selma F. Goldsmith, Statistical Information on the Distribution of Income by Size in the United States, A.E.R., May 1950, Papers and Proceedings
Annual Report of the Council of Economic Advisers

 

Source: Harvard University Archives. Syllabi, course outlines and reading lists in Economics, 1895-2003 (HUC 8522.2.1), Box 5, Folder “Economics 1950-1951 (2 of 2)”.

Image Source: AEA portrait of William Fellner, Number 71 of a series of photographs of past presidents of the Association, in American Economic Review, Vol. 60, No. 1 (1970).