Category: Harvard

Harvard. Economic Theory. Enrollment, Readings, Exams. Carver, 1901-1902.

Post author By Irwin Collier
Post date 2022-08-05

Professor Frank W. Taussig began what was to turn into a two year leave of absence starting with the academic year 1901-02. The previous year, assistant professor Thomas Nixon Carver apparently took over Taussig’s “advanced” theory course sometime late in the academic year and continued to teach it in the latter’s absence.

This post continues our series of Harvard’s economic courses for 1901-02, providing a linked reading list for Carver’s economic theory course along with the semester exams for the year-long course.

Carver’s 1949 autobiography is available at the hathitrust.org web archive. He writes there (p. 132):

At the end of the year, 1900-1901, Professor Taussig’s health failed, probably as the result of some very hard and discouraging work he had done on the State Tax Commission. He therefore took a year’s leave of absence which was lengthened to two years. This necessitated a change in my program.

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Course Announcement

For Undergraduates and Graduates

Economic Theory. Mon., Wed., Fri., at 2.30. Asst. Professor [Thomas Nixon] Carver.

Course 2 is intended to acquaint the student with some of the later developments of economic thought, and at the same time to train him in the critical consideration of economic principles and the analysis of economic conditions. The exercises are accordingly conducted mainly by the discussion of selected passages from the important writers; and in this discussion the students are expected to take an active part. Lectures are given at intervals outlining the present condition of economic theory and some of the problems which call for theoretical solution. Theories of value, diminishing returns, rent, wages, interest, profits, the incidence of taxation, the value of money, international trade, and monopoly price, will be discussed. Marshall’s Principles of Economics, Böhm-Bawerk’s Positive Theory of Capital, Taussig’s Wages and Capital, and Clark’s Distribution of Wealth will be read and criticised.

Course 2 is open to students who have passed satisfactorily in Course 1.

Source: Harvard University Archives. Annual Announcement of the Faculty of Arts and Sciences, Division of History and Political Science comprising the Departments of History and Government and Economics (June 21, 1901). Official Register of Harvard University 1901-1902. Box 1. Bound volume: Univ. Pub. N.S. 16. History, etc. pp. 36-37.

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Course Enrollment

For Undergraduates and Graduates:—

[Economics] 2. Asst. Professor Carver. — Economic Theory.

Total 32: 5 Graduates, 6 Seniors, 17 Juniors, 2 Sophomores, 2 Others.

Source: Harvard University. Report of the President of Harvard College, 1901-1902, p. 77.

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Course Readings

ECONOMICS 2.
1901-1902

General Reading. Prescribed.

Marshall. Principles of Economics.
Taussig. Wages and Capital.
Böhm-Bawerk. Positive Theory of Capital.
Clark. The Distribution of Wealth.

References for Collateral Reading. Starred references are prescribed.

I. VALUE.

II. DIMINISHING RETURNS.

III. RENT.

IV. CAPITAL

V. INTEREST.

VI. WAGES.

VII. PROFITS.

Source: Harvard University Archives. HUC 8522.2.1, Box 1 of 10 (Syllabi, course outlines and reading lists in Economics, 1895-2003). Folder: 1901-1902.

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Mid-year examination, 1902
ECONOMICS 2

Discuss the following topics.

The relation of utility to value.
The price of commodities and the price of services.
Various uses of the term “diminishing returns.”
The law of diminishing returns as applied to each of the factors of production.
Prime and supplementary cost: illustrate.
Joint and composite demand and join and composite supply.
Quasi rent.
Real and nominal rent.
Consumer’s rent.
The equilibrium of demand and supply

Source: Harvard University Archives. Harvard University Mid-year Examinations, 1852-1943. Box 6, Bound volume: Examination Papers, Mid-Years, 1901-02.

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Final examination, June 1902
ECONOMICS 2

State some of the different meanings which have been given to the law of diminishing returns, and define the law as you think it ought to be.
Can you apply the law of joint demand to the wages fund questions?
What is meant by an elastic demand and how does it affect monopoly price.
Discuss Clark’s distinction between capital and capital goods.
Under what conditions would there be no rent, and how would these conditions affect the value of products?
Explain Clark’s theory of Economic Causation.
What is the source of interest?
What is the relation of the standard of living to wages?

Source: Harvard University Archives. Harvard University, Examination Papers, 1873-1915. Box 6, Bound volume: Examination Papers, 1902-03. Papers Set for Final Examinations in History, Government, Economics, Philosophy, Education, Fine Arts, Architecture, Landscape Architecture, Music in Harvard College (June, 1902), p. 21.

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Collection of Carver’s economic theory readings and exams,
1900/01 through 1902/03

Harvard. Core economic theory. Readings and Exams. Carver, 1900/01-1902/03

Tags Carver

Exam Questions Harvard Principles

Harvard. Principles of Economics. Description, Enrollment, Exam Questions. Andrew, Mixter, and Sprague. 1901-1902

Post author By Irwin Collier
Post date 2022-08-04

With the expansion of economics course offerings at Harvard going into the 20th century, Economics in the Rear-View Mirror will continue its collection of semester examinations but limiting each post in the series to a single course per year. This post brings together material from four different sources (announcement, enrollment, mid-year exam and final-year exam) for the first course in economics “Outlines of Economics” that was taught in sections by five instructors in 1901-1902. Frank W. Taussig was on leave in Europe that year which is the reason the course was entrusted to the experienced junior hands of Abram Piatt Andrew and Oliver Mitchell Wentworth Sprague.

The complete battery of 1900-01 course exams can be found in a previous post.

The course material for the 1902-03 academic year has been posted too.

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Course Announcement

…Course 1 is introductory to the other courses. It is intended to give a general survey of the subject for those who take but one course in Economics, and also to prepare for the further study of the subject in advanced courses. It is usually taken with most profit by undergraduates in the second or third year of their college career. Students who plan to take it in their first year are strongly advised to consult the instructor in advance. History 1 or Government 1, or both of these courses, will usually be taken to advantage before Economics 1…

Primarily for Undergraduates

Outlines of Economics. — Lectures on Social Questions and Monetary Legislation. Mon., Wed., Fri., at 9.Drs. [Instructor in Political Economy, Abram Piatt] Andrew [Jr.] and [Instructor in Political Economy, Oliver Mitchell Wentworth] Sprague, and Messrs. [Instructor in Political Economy, Charles] Beardsley and [Austin Teaching Fellow, James Horace] Patten.

Course 1 gives a general introduction to economic study, and a general view of Economics for those who have not further time to give to the subject. It undertakes a consideration of the principles of production, distribution, exchange, money, banking, and international trade. Social questions and the relations of labor and capital, and the recent currency legislation of the United States, will be treated in outline.

Course 1 will be conducted partly by lectures, partly by oral discussion in sections. A course of reading will be laid down, and weekly written exercises will test the work of students in following systematically and continuously the lectures and the prescribed reading. Large parts of Mill’s Principles of Political Economy, of Walker’s Political Economy (advanced course), and of Dunbar’s Theory and History of Banking will be read; and these books must be procured by all members of the Course.

______________________________

Course Enrollment

Primarily for Undergraduates:—

[Economics] 1. Drs. [Instructor in Economics, Abram Piatt] Andrew [Jr.], [Assistant in Economics, Charles Whitney] Mixter, and [Instructor in Economics, Oliver Mitchell Wentworth] Sprague, and Messrs. [Austin Teaching Fellow, James Horace] Patten and [Assistant in Economics, Gilbert Holland] Montagne. — Outlines of economics.

Total 432: 19 Seniors, 79 Juniors, 239 Sophomores, 37 Freshmen, 58 Others.

Source: Harvard University. Report of the President of Harvard College, 1901-1902, p. 77.

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Mid-year Examination 1902
ECONOMICS 1

Arrange your answers strictly in the order of the questions.

A man increases his capital by saving which involves diminution of his consumption, but his capital can be used only by being consumed. Explain.
What is over-population? What is under-population? Some years ago British India had 200 inhabitants to the square mile; Belgium 469; Rhode Island 254. Which came nearer to over-population and which to under-population?
Why are the wages of servants higher in the United States than in England for the same grade of service?
How does Hadley’s justification of rent resemble that of profits? Does Mill differ from Hadley in regard to the “unearned increment”?
To what other conceptions than that of return from land has the notion of “rent” been applied?
Explain the analogy between these various sorts of “rent.”
Which of Mill’s laws of value is applicable to
1. iron ore
2. shoes
3. typewriters
4. street railway fares
5. postage stamps.

State the law of value governing each case.

A member of Congress maintained that there was not money enough in the country, using the following argument: “Our currency must keep pace with our growth as a nation … France has a circulation per capita of thirty dollars: England, of twenty-five: and we with our extent of territory and improvements, certainly require more than either.” State your opinion of this argument.
When it is asserted that the value of gold rose 40% or 50% between 1873 and 1896, what are the various methods by which such a measurement of the amount of appreciation is affected? Point out the limitations of these methods.
Consider the monetary history of the United States since 1860 with reference to the quantity theory?

Source: Harvard University Archives. Mid-year examinations, 1852-1943. Box 6. Bound volume: Examination Papers, Mid-Years 1901-02.

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Year-end Examination 1902
ECONOMICS 1

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

I.
Answer two.

Are the private ownership of capital, and the payment of interest on capital justified when it is said that interest is the reward of abstinence? If so, in what manner? If not, why not?
Explain what Hadley means when he says that “economic rent and net profit are differential gains.”Does Mill differ from Hadley in regard to these subjects?
What groups of persons are favored by rising prices? by falling prices?

II.
Answer two.

Suppose that labor became twice as productive as it is in all of our industries, what would be the probable effect upon the prices and values of the articles we import? Distinguish between the immediate and the ultimate effects.
It is frequently urged that the high rate of wages prevailing in the United States disables this country from competing with “the pauper labor” of Europe. Examine the grounds of this statement, and consider how far it forms a justification for protection to American industry.
Suppose the discovery of important gold fields in France. What would be the effect upon her foreign trade?

III.
Answer two.

What is the difference between a commercial bank and a savings bank?
“As the exchange of checks through the Clearing House has had results far beyond the mere gain in convenience and safety to which the practice owes its origin, so the redemption of notes by some corresponding mode has important bearings of much greater scope than the convenience of banks in maintaining their issues, and quite independent of any question as to the security of the currency. (Dunbar, p. 74). Explain the system suggested, and the particular advantage referred to.
“The notion is often entertained that the national banks have some peculiar opportunity for making a double profit, by receiving both interest earned by their bonds, and interest earned by the loan of the notes issued upon the bonds” (Dunbar, p. 180).
Comment upon this.

IV.
Answer three.

Do prices fluctuate because men speculate, or do men speculate because prices fluctuate?
Would the country gain or lose from the abolition (1) of the “produce exchanges”? (2) of the “stock exchanges”? Give reasons in each case.
Assuming that a combination has secured a monopoly, what influences would tend to check an indefinite increase in prices? Illustrate the varying operation of these influences in the case of diamonds, petroleum, and iron and steel.
Discuss the economic effects of the immigration of unskilled labor to the United States?

Source: Harvard University Archives. Examination Papers, 1873-1915. Box 6. Papers set for Final Examinations in History, Government, Economics… in Harvard College (June 1902) included in the bound volume: Examination Papers 1902-03.

Image Sources: Abram Piatt Andrew (1920) from Wikimedia Commons. O.M.W. Sprague from Harvard Class Album 1920, p. 25.

Tags AndrewAP, Beardsley, Dunbar, MixterCW, Montagne, PattenJH, Sprague

Economists Germany Harvard

Harvard. Political Economy tutor, Henry Howland (Heidelberg PhD). 1873-1874

Post author By Irwin Collier
Post date 2022-08-03

In Charles F. Dunbar’s third academic year of his professorship in political economy at Harvard [course offerings from the first half of the 1870s], a reshuffling of the required (i.e., non-elective) one semester course in political economy to the sophomore year meant that the course would have to be offered twice in 1873-74, once for juniors and once for sophomores. To handle the increased teaching load, Henry Howland (A.B. Harvard 1869) was appointed tutor in History and Political Economy in 1873-74, having worked as a tutor for German language courses. He had returned to Harvard in the fall term of 1872, after spending a year in France and two years in Germany, where he completed a doctorate in political economy at Heidelberg. Howland went on to Harvard Law School, receiving a law degree in 1878. There he was an instructor on tort law for the years 1879-1883.

Some further research into the life and career of Henry Howland revealed significant episodes of depression (and perhaps other mental illness) that required him to be placed temporarily under the guardianship of his brother.

I have not yet been able to confirm Howland’s Heidelberg advanced degree in political economy mentioned in the memoir of his classmate that was written shortly after his death following “acute melancholia”.

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From Harvard’s
Report of the President 1873-74

“The courses in Political Economy and the Constitution of the United States are found in both years [Sophomore and Junior classes], as these courses were, last year [1873-74], transferred from the Junior to the Sophomore course of study.”

Source: Harvard University. Report of the President of Harvard University 1873-74, p. 52.

* * * * * * * * * *

Required studies.
Sophomores.

Instructor: Mr. Howland
Subject: Political Economy
Text-Books: Elements of Political Economy. — Constitution of the United States.
Number of students: 170
Number of sections: 5
Exercises per week for students: 2
Exercises per week for Instructor: 10 (for a half-year)

Instructor: Mr. Howland
Subject: History
Text-Books: Outlines of General History.
Number of students: 170
Number of sections: 5
Exercises per week for students: 2
Exercises per week for Instructor: 10 (for a half-year)

Source: Harvard University. Report of the President of Harvard University 1873-74, p. 42.

* * * * * * * * * *

Required studies.
Juniors.

Instructor: Prof. Dunbar
Subject: Political Economy
Text-Books: Elements of Political Economy.— Constitution of the United States.
Number of students: 153
Number of sections: 3
Exercises per week for students: 2
Exercises per week for Instructor: 6 (for a half-year)

Source: Harvard University. Report of the President of Harvard University 1873-74, p. 44.

Elective studies.

Instructor: Prof. Dunbar
Subject: Philosophy 6
Text-Books: Political Economy. J. S. Mill’s Political Economy.— Bagehot’s Lombard Street. — Sumner’s History of American Currency.
Number of students: 1 Junior, 70 Seniors
Number of sections: 2
Exercises per week for students: 3
Exercises per week for Instructor: 6

Source: Harvard University. Report of the President of Harvard University 1873-74, p. 46.

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Obituary from
Boston Evening Transcript
(July 13, 1887)

Mr. Henry Howland, for a number of years a member of the Boston Bar, died in Somerville, Monday. He was born in Boston, Dec. 23, 1846, and was graduated at Harvard in the class of 1869, and at the Harvard Law School in 1878. From 1872 to 1874 he was a tutor at Harvard, taking charge of history and political economy classes. Mr. Howland also continued his studies abroad, obtaining at Heidelberg the degree of Ph.D. He practiced law in Boston until his health gave out, holding just before retirement a position in the United States district attorney’s office under Judge Sanger.

[Cf. the Death Registry of the City of Somerville gives “Acute Melancholia” as the “Disease, or Cause of Death”.]

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Henry Howland (see A.B. 1869), Tutor 1872-1874; Instr. in History and Political Economy 1872-1874; Instr. in Torts 1879-1883.

Source: Harvard University, Quinquennial Catalogue of the Officers and Graduates 1636-1930 (Cambridge, MA: 1930), p. 94.

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1888 Memoir of a Harvard Classmate

HENRY HOWLAND

Born in Boston, December 23, 1846. Son of David and Rebecca (Crocker) Howland.
Died July 11, 1887.

The following Memoir, prepared by Henry W. [Ware] Putnam, was read at the Commencement Meeting of the Class, June, 1888:

Henry Howland, son of David and Rebecca Howland, born December 23, 1846, died July 11, 1887. We had hardly separated after our last Commencement reunion when we were startled with the announcement of another gap made in our ranks by the death of Henry Howland. We could hardly have been more unprepared for the death of any one of our number. It had not occurred to his most intimate friends that the disorder which had hung like a cloud over the last years of his life was likely to have any serious physical consequences, much less a fatal termination, and all had cherished the hope that after a while his fine mental powers would reassert themselves undimmed, and that a career which we had at graduation looked forward to as one of the most brilliant that the Class promised, would yet be achieved. But it was not to be, and on July 11, 1887, he died, at the age of forty, after a sudden illness of only a few days’ duration.

After graduating from College, Howland went abroad for purposes of study, intending to make teaching his profession, and spent one year in France and two in Germany. During this period he became a thorough French and German scholar, studied history and political economy at the Universities of Berlin and Heidelberg, taking the degree of Ph.D. at the latter university in political economy. One of the present professors at Harvard who made his acquaintance there, and who remained his devoted and intimate friend till his death, writes as follows of him at that time: “Henry was the first Harvard graduate whom I had ever known well, and from my first meeting with him in Berlin he filled me with admiration by reason of his zeal and enthusiasm in his studies. History was his subject at that time, and he attended the lectures of the university regularly, and had two ‘Docenten’ in addition who went to his room and lectured to him there. He was tireless in finding expedients for increasing his knowledge of German, and accomplished more, I think, in his eighteen months in Germany, than any man of my acquaintance… It was characteristic of Henry,” he continues, “that when he received in Berlin the offer of an appointment in German at Harvard, he came to me and said that he didn’t care for it and would try to get it for me. I knew that he did want it very much, and of course declined to consider the subject of an appointment at all until he had received his. He was appointed in History and German, and it was entirely through his efforts that I was appointed tutor in German. Henry was changed less by his stay in Europe than any American I knew. He absorbed all that was advantageous in his surroundings, and seemed to be affected not at all by that which was worthless or ignoble. Especially in his political and social views he remained a true and steadfast Democrat and high-minded American.”

Returning home in the fall of 1872, he taught for two years at Harvard with success, — the first year as a tutor in German, the second as instructor in History and Political Economy. One of our number who was intimately associated with him during these years, being an instructor in the University at the same time, writes as follows: “He was a close and conscientious student, and possessed a great fund of general information outside of his specialties; but he was always very deferential in making any statement either of fact or opinion even to those who, as he must have known, had but a tithe of his knowledge of the subject in question. He had a happy faculty of making a friend feel at ease while he was imparting to him good information, the faculty of not making an ignorant man feel his ignorance, a faculty which was possessed, as you will remember, in such a marked degree by Professor Gurney. In argument he was always calm and never loud, but very persistent and utterly imperturbable; he never allowed himself to be switched off, and moreover, he never allowed his opponent to jump the track and take to side issues, but held him to the main line of thought until one or the other got somewhere, generally Henry.” His reputation as a teacher at the University was steadily growing, and his outlook for a successful academic career was regarded as very promising by his associates and elders at Cambridge, when he was visited by an attack of mental derangement brought on by overwork in his regular classes and with private pupils, and by the late hours and irregular habits as to sleep and meals, which are apt to accompany excessive application to study. After recovering from this attack he gave up teaching, decided to study law, and entered the Law School in 1876, taking his degree in 1878.

It is not difficult for the rest of us to see now that it was a momentous, probably a mistaken, step to enter so late and so heavily handicapped upon a profession in which one can ill afford to lose any time or have any unnecessary odds against him; but we can also easily see that it was a very natural one under the unsettling and discouraging circumstances of the moment. His natural abilities for the law were indeed fine, lying especially in the direction of a studious and safe adviser in chambers rather than an advocate in court; and with an earlier start and an unobstructed course he would have succeeded in the race; but as it was, the chances were overwhelmingly against him, and the courage with which he entered upon the profession, the patient and unflagging determination with which he clung to it, were at once heroic and pathetic. After being admitted to practice, he gave courses of instruction in torts at the Law School, in addition to his office-work, for three years with great acceptance, and made some scholarly researches in the early literature of the law for one of the professors in the school. During the last of these years he held also the position of Assistant United States District Attorney. The exacting labors of this position, which were not especially adapted to his abilities, nor congenial to his natural tastes, added to his other work, proved too much for him, and in June, 1882, he succumbed to a second attack like the first, but returned to business in December of the same year. Still another slight one occurred in August, 1883, lasting till October of the same year. He then enjoyed entire immunity for three years, and although urged by his closest friends to give up all attempt to practise law and seek some occupation where he would have plenty of outdoor life and leisure for light literary work, he was unwilling to give up his chosen ambition. During this period he did some excellent professional work, chiefly in conveyancing, and in the preparation of briefs and summaries of the law on points placed in his hands by other counsel for his examination, and it seemed as if he might yet get established in the profession; but his father’s illness and death again broke him down in the summer of 1886, and, without again returning to work, and with only a brief interval of even measurably complete restoration to reason in the spring of 1887, he died from a sudden and very brief attack of physical exhaustion.

This long and losing twelve years’ struggle between the finest intellectual gifts and inexorable mental disease is too sad and too pathetic for us, who loved him, and confidently expected so much of him, to be able to dwell upon. As a Class, we can simply put upon our record an expression of our disappointment and grief at this untimely calamity, and then try to put it out of our mind forever. But his character and qualities we shall hold in affectionate and enduring remembrance as long as any of us survive to hold Class meetings. He was the most modest of men — modest to the extent of unjust depreciation of himself. His manners and personal bearing — at all times and in all company — were those of a perfect gentleman; marked as they were, not merely by the friendly good-will and sympathy of the good fellow who is everybody’s friend, but by a certain reserve and formality, not amounting to stiffness, but showing that he made a certain pronounced, though not obtrusive, courtesy of the old school one of the duties of his life never to be forgotten or neglected, even in the society of intimates; and his outward bearing thus never failed to express the real dignity of his character, even when his wit was keenest and his raillery most pungent. His unselfishness, his absolute self-effacement when there was a friend to serve or help in any way, was a part of his very nature, — deep-seated, spontaneous, sincere. Of that fine virtue which the ancients, whose best writings he seems to have absorbed into his very being, placed above all others and called piety, filial devotion, the love of parents, he was the most striking exemplar I have ever known, subordinating every interest of his own — pleasure, social recreation, professional ambition, health — to the unceasing care through long years of an invalid mother and of an aged father. When his love of society is considered, this self-denial — especially when the circumstances did not render it in any sense a necessity — becomes the more striking and admirable. His sense of duty in all the relations of life was so extreme as to be almost morbid, and had in it a touch of Puritanic rigor. His public spirit was strong and his sympathies in this direction broad, and he was active — though not radical or extreme — in all the duties of a citizen and in the movements of social and political reform in his neighborhood. His abilities were peculiarly of a literary kind. His literary taste was of the finest; he was a constant and appreciative reader of the best imaginative literature, a lover of music and the drama. If he could, or would, but have seen it, so rare a spirit was wasted in the study of the law, and would have been so, in a sense, even with health and professional success. The higher fields of literary and historic criticism and, perhaps, composition — of philosophic generalization on literary and particularly on historic subjects — were his true field, and it was only after his first illness had discouraged him somewhat, and perhaps impaired the soundness of his judgment, that he abandoned that career for another. In his death we all mourn a fine, scholarly, high-minded character and loyal classmate; many of us a sympathetic, affectionate, and deeply loved friend.

Source: Eleventh Report of the Class of 1869 of Harvard College. Fiftieth Anniversary (June 1919), pp. 149-154.

Image Source: Title page of the Annual Report of the President of Harvard College, 1876-1877.

Tags Dunbar, Howland

Cambridge Harvard Oxford Princeton Regulations Undergraduate

Harvard. Tutorial System and Divisional General Final Examinations, 1920

Post author By Irwin Collier
Post date 2022-07-21

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

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

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

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

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

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The General Final Examination and the Tutorial System

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

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

That the Division of History, Government, and Economics be authorized to require of all students whose field of concentration lies in this Division, in addition to the present requirements stated in terms of courses for the bachelor’s degree, a special final examination upon each student’s field of concentration; and that the passing of this examination shall be necessary in order to fulfill the requirements for concentration in this Division.

That students who pass this special examination may be excused from the regular final examinations in such courses of their last year as fall within the Division of History, Government, and Economics, in the same way that candidates for distinction who pass a public test may now be excused under the rules of the Faculty.

That this requirement go into effect with the class entering in 1913.

That the Division of History, Government, and Economics submit for the sanction of the Faculty the detailed rules for the final examinations and such a detailed scheme of tutorial assistance as may be adopted before these are put into effect by the Division.

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

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

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

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

The examination has secured “concentration” in related subjects.

It has encouraged the mastery of subjects or fields rather than of courses.

It has given the Division a survey of the student’s capacity at the end of his college course.

It has provided a more satisfactory method of awarding the degree with distinction than the plan formerly in use.

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

That general final examinations be established for all students concentrating in Divisions or under Committees which signify their willingness to try such examinations, and that adequate means be provided to enable such Divisions and Committees to administer these examinations; it being understood that the control of the general final examinations shall rest with the several Divisions and Committees in the same manner as the control of the examinations for honors and distinction now given by them.

That the new general final examinations be first employed for the members of the present freshman class.

That, so far as possible, the adviser to whom each student is assigned, be a teacher in the student’s field of concentration.

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

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

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

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

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

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

CLIFFORD H. MOORE, Chairman.

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

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Harvard. President Lowell’s motivation for undergraduate divisional general exams. 1915

Post author By Irwin Collier
Post date 2022-07-20

In an earlier post a shorter excerpt from Harvard President A. Lawrence Lowell’s report for the academic year 1914-1915 was included along with the first set of divisional exams for History, Government and Economics from 1915. In the following extended excerpt one finds such gems as:

“…it is still possible for a student to elect six courses in the outlying parts of the field which have little connection with one another and do not form a systematic whole. This possibility is attractive to undergraduates seeking easy courses, whose object is not so much to obtain as to evade an education. Of late years, indeed, many easy courses have been made more serious, whereby the minimum work which shirkers must do for a degree has been sensibly raised, to the great benefit of the college as an educational institution, and incidentally with the result of increasing the respect for high achievement in college scholarship. As the requirements in various subjects are stiffened it is interesting to observe the flocking of students from one department to another.”

Some things apparently never change. By the way you can now add the German expression for such students, “geistiger Tiefflieger” (=intellectual low-flyers), to your working pejorative vocabulary.

______________________________

From President A. Lawrence Lowell’s report on the academic year 1914-15.

…But in fact, the single course is not, and cannot be, the true unit in education. The real unit is the student. He is the only thing in education that is an end in itself. To send him forth as nearly a perfected product as possible is the aim of instruction, and anything else, the single course, the curriculum, the discipline, the influences surrounding him, are merely means to the end, which are to be judged by the way they contribute and fit into the ultimate purpose. To treat the single course as a self-sufficient unit, complete in itself, is to run a danger of losing sight of the end in the means thereto. In no other part of the University, in the requirements for no other degree, is the course, as a unit, complete in itself. In the Law School, where the freedom of election is the greatest, many courses are required, and the rest all aim at a definite and narrowly circumscribed object, preparation for practice at the bar. In the Medical and Divinity Schools general examinations on specific fields of knowledge have been established — of which more will be said later. The same thing has always been true of the doctorate of philosophy in the Graduate School of Arts and Sciences; and for the Master of Arts, which was formerly attained by a sufficiently high grade in any four courses, it has now been the rule for many years that the courses must form a consistent whole, approved by some department of the Faculty.

In the College the problem of making the student, instead of the course, the unit in education is more difficult than in the other parts of the University, because general education is more intangible, more vague, less capable of precise analysis and definition, than training for a profession. Nevertheless, in the College, some significant steps have been taken which tend in this direction. The first was the requirement that every student must concentrate six of his seventeen courses in some definite field, must distribute six more among the other subjects of knowledge, and must do so after consulting an instructor appointed to advise him. The exact prescriptions may not be perfect, nor in their final form. Experience may well lead to changes, but the intent is good, to develop and expand the mind of the student as an individual, as in himself the object of education. So far as the rule affects the care with which the student selects his courses, there has certainly been a gain, for there is no doubt that the requirement has made his choice more thoughtful and serious than before. The Committee on the Choice of Electives makes exceptions freely in the case of earnest students, and it is a significant fact that although the members of the Committee hold very divergent views upon the principles involved, they are almost invariably unanimous on the question of allowing an exception in any particular case.

The rule of concentration, coupled with the provision that not more than two of the six courses shall be of an elementary character, is intended to compel every man to study some subject with thoroughness, and acquire a systematic knowledge thereof. Certain departments have so arranged their sequence of courses that this result is fairly well attained; but in others where the offering is large, and the nature of the subject is not (as it is in mathematics, for example, or the physical sciences) such that a mastery of one thing is indispensable for the study of another, it is still possible for a student to elect six courses in the outlying parts of the field which have little connection with one another and do not form a systematic whole. This possibility is attractive to undergraduates seeking easy courses, whose object is not so much to obtain as to evade an education. Of late years, indeed, many easy courses have been made more serious, whereby the minimum work which shirkers must do for a degree has been sensibly raised, to the great benefit of the college as an educational institution, and incidentally with the result of increasing the respect for high achievement in college scholarship. As the requirements in various subjects are stiffened it is interesting to observe the flocking of students from one department to another.

The second step in treating the student, instead of the course, as the unit in education, was taken by the Division of History, Government, and Economics, when, and with the approval of the Faculty, it set up the requirement of a general examination at graduation for students concentrating in that division. The examination, which is entrusted to a committee representing the three departments within the division, is to be distinct from that in the courses elected, and is to include not only the ground covered in them, but also the general field with which they have dealt, and the knowledge needed to connect them. This is a marked departure from the plan of earning a degree by scoring courses; and it will take time to adjust men’s conceptions of education to a basis new to the American college, though familiar in every European university. To assist the students in preparing themselves for the general examination each of them at the beginning of his Sophomore year is assigned to the charge of a tutor who confers with him about his work and guides his reading outside of that required in the courses. As the plan could be applied only to men entering after it was established, the first examinations will be held next spring, and then only for men who graduate in three years. In the Divinity School, where the course for the Master’s and Doctor’s degrees is shorter, a general examination has already been put into operation with gratifying results.

A third step has been taken this autumn by a vote of the Faculty providing that the courses elected by a student for concentration in History and Literature must be approved by the Committee on Degrees with Distinction in that field. This has always been true of candidates for distinction under this committee, and in fact the field is one that would present little unity if the courses chosen were unrelated. But that the combination of courses by other students should require approval is an innovation which shows that in a subject where the liberty of choice is peculiarly liable to abuse, the Faculty is prepared to require a consistent programme of study, with a view to giving students an education rational as a whole. Moreover, departments and committees, which do not wish to limit the choice of the students concentrating in their field to combinations of courses approved by them beforehand, sometimes take charge of his work in the subject and really oversee it at every stage. They do in fact act as his advisers, and can often do so better than the instructor specially appointed to advise him. The adviser so appointed frequently takes a very careful interest in the development of a man’s work throughout his college course, and whenever a man shows on entering college any strong special interest, Professor Parker always tries to appoint for him an adviser who will sympathize with that interest. Nevertheless, the departments and committees which pay close attention to the choice of courses by each man concentrating in their field add much to the thoroughness of his education, and have adopted a principle that might with profit be more widely extended. It would be well if every department insisted on having a list, not merely of candidates for distinction, but of all students concentrating in its special field.

Another departure from the practice of counting by courses is the requirement that every student shall be able to read ordinary French or German at sight, and show it by doing so orally. This has proved to be a very different thing from taking and passing a course. It is a test of capacity acquired, not of tasks performed. It is in this one subject a measure of the man and of his education, not a unit of credit accumulated. Not less important is the Committee on the Use of English by Students, appointed in consequence of a request from the Board of Overseers. The investigation by that body showed that students who had done their required English composition often could not or would not express themselves creditably in their later written work. A man who cannot write his mother tongue grammatically, lucidly, and with a reasonably fair style, or who does not think it worth while to do so, is not an educated man, no matter how many courses he may have scored, or how proficient he may be in a special field. In this connection it may be noted that the supervision of the use of English applies to the Graduate School as well as to the College.

All these changes are in a direction away from the mechanical view of education which is the bane of the American system. We see that view displayed everywhere, prominently at the present day in efforts to raise the standard of pre-medical training. This is commonly expressed in terms of courses taken and credits obtained, not of knowledge acquired. If a young man has passed a course and learned little or nothing, or forgotten all he knew, he fulfils the requirement; but if he has mastered the subject in any other way, and can prove it by examination, it avails him nothing. Counting the credits scored in courses is, no doubt, the easiest way to apply a requirement, but it is not a sound system of education. What a man is, what knowledge he possesses, and what use he can make of it, is the real measure of his education. All persons who desire to improve the American system from the common school upward ought to strive not to lose sight of the end in the means, not to let the machinery divert attention from the product….

Source: Harvard University. Report of the President of Harvard College, 1914-1915, pp. 8-11.

______________________________

Harvard. Course Outline, Reading Assignments, Semester Exams. Principles of economics. Smithies, 1951-52

Post author By Irwin Collier
Post date 2022-07-17

The self-confidence of the businessmen appointed to Harvard’s economics department visiting committee at mid-20th-century to weigh-in on all matters related to the scope and method of economics as a science and policy art is breath-taking, and I don’t mean that in a good way. For an earlier post I transcribed the November 1950 report submitted by the visiting committee and the January 1952 response from Harvard President James B. Conant. Reading Keller and Keller’s Making Harvard Modern: The Rise of America’s University (2001), I learned that Clarence B. Randall [Chairman of the Economics Visiting Committee] alleged that the economics chairman, Arthur Smithies, ripped off the first page of the syllabus for the principles of economics course to hide the list of main sources of readings for the course, knowing that some of the items would displease Randall.

This was enough to get me to look at the syllabus with assigned readings and the final examinations for Economics 1 “Principles of Economics” for the academic year 1951-52 now transcribed for this post. The first page of the syllabus appears to simply be tables of primary sources for the readings assigned in the fall and spring terms that permit abbreviated reference in the course syllabus. But since he was given the complete list of readings and an outline of the course, I find it more likely that Randall merely saw a tempest in a teapot. Others can examine the artifacts themselves and come to their own conclusions.

If I were in the jury, I would vote to acquit Smithies of the charge of willfully destroying or hiding evidence known to be relevant. Any idiot could figure out Karl Marx made a guest appearance in the Harvard course readings from the course outline and its reading assignments. Smithies provided sufficient evidence as to course content to Randall. Actually I think Smithies should have been awarded damages for having his honor impugned, or even a Purple Heart. Suffering fools has always been a part of the price of departmental service.

__________________________

Cf. An earlier version of the Syllabus for “Principles of Economics”

1949-50. Economics 1 outline and exams.

__________________________

Smithies’ letter of Oct 31, 1951 to Randall

October 31, 1951

Mr. Clarence B. Randall
38 South Dearborn Street
Chicago 3, Illinois

Dear Mr. Randall:

I was very glad to get your letter and I do wish we had more opportunities to sit down to discuss the affairs of the Department in a more leisurely manner than is usually possible.

We have given a great deal of thought during the fall to the questions about the Department that you have raised with the President. I am afraid it might confuse things if I attempted to discuss those questions by letter so I shall forebear. I would like to say, however, that whether or not I agree with your conclusions I have always found your criticisms of the Department very helpful.

Dave Bailey called and asked us to keep Sunday evening, January thirteenth, free for a meeting with the committee. As you know, I do not think these single evening meetings serve any very useful purpose. They do not enable the Committee to talk at any length with members of the Department or to make any adequate appraisal of the Department’s program. Several members of the Committee have told me that oven the full day we devoted to the purpose last year was too short. Several members of the Department have also indicated to me that they feel that the Sunday evening meeting is to [sic] perfunctory. Therefore, I very much hope we can arrange another program of the kind we had last year.

Things seem to be going quite satisfactorily here. The enrollment has not shrunk to anything like the extent that was anticipated last spring.

This year we have extended tutorial to sophomores in Group III and above so that we have now practically restored the tutorial system that was eliminated during the war.

I am sending you a copy of the outline of Economics 1 which may interest you. I still regard it as by no means perfect but am more satisfied with it than with what we have had before. We are continuing to have occasional lectures in Economics 1 and during the course of the year I hope that most of the senior members of the staff will give at least one lecture.

Our contract with the Business School for Smith and Butters to teach Burbank’s courses is working out quite as well as I expected. I want to make this a permanent arrangement, but I would not be surprised at some time to see some resistance from the Business School. If we need it, I hope we can rely on your Committee’s support to continue this arrangement.

The defense program has made fewer inroads on the Department than we expected. It is absorbing a good deal of Mason’s sabbatical leave; Dunlop is spending a day or two a week with the Wage Stabilization Board; and I go to Washington for a couple of days a week as a consultant to Charles E. Wilson.

If there is any chance of seeing you during the fall, I would very much appreciate the opportunity. I am regularly in Washington on Thursdays — if you can every bring yourself to visit that unholy city.

Yours sincerely,

Arthur Smithies

Enclosure

__________________________

Randall alleges sleight-of-hand by Smithies regarding the Economics 1 reading list.

“Besides their ideological concerns, the Overseers worried about the department’s ability (and desire) to teach undergraduates. [Chairman of the Economics Committee, Clarence B.] Randall fretted that research-obsessed professors were away too much; senior professors avoided teaching lowerclassmen. And he agreed with [President James B.] Conant that the field ‘has reached a point of ethereal content which is as lifeless to me as much…modern poetry. It just doesn’t seem to matter.’ Conant concede that the department ‘has not faced up to the problem of making a real effort ot improve the instruction in the introductory courses in Economics.’ Feeling the pressure, chairman [Professor Arthur] Smithies proposed an extensive plan to strengthen undergraduate teaching. Randall appreciated Conan’s response to his criticisms. He left the visiting committee in the fall of 1952, but not without a final disappointment. He heard that when he asked the chairman for a copy of the Economics A [sic, Principles of Economics last listed as “Economics A” in 1947-48. Beginning 1948-49 it was given the number “Economics 1″ ] reading list, Smithies tore off the first page because he thought that Randall would disapprove of many of the authors (as in all likelihood he would have). ‘I bear no animosity about that,’ Randall told Conant, ‘but it does make me a little heartsick. I am always shocked when I find amongst either professors or preachers ethical practices below the standard prevailing in business.”

Source: Morton Keller and Phyllis Keller, Making Harvard Modern: The Rise of America’s University (Oxford University Press, 2001), pp. 84-85.

__________________________

Course Announcement

Economics 1. Principles of Economics

Full course. Mon., Wed., Fri., at 12. The major part of the course is conducted in sections. However, throughout the year there will be occasional lectures on Wed. at 12. Mon., Wed., and Fri., will be the normal hour for section meetings but sections will be scheduled at other hours. Professor Smithies and other Members of the Department.

Economics 1 may be taken by properly qualified Freshmen with the consent of the instructor.

Economics 1 is designed to introduce students to the methods of economic analysis that bear on the issues that confront this country and the world. The course will thus serve the needs both of those students who plan no further work in economics and those who desire to obtain the groundwork for more advanced courses in the field.

Source: Harvard University. Faculty of Arts and Sciences. Courses of Instruction, 1951-52 pp. 75-76.

__________________________

Economics 1
Syllabus and Readings
1951-52

[first page begins]

ECONOMICS 1
1951-52
Fall Term

Sources:

	Bowman and Bach,	Economic Analysis and Public Policy, Second Edition (1949)
**	Clark, J.M.,	Common and Disparate Elements in National Growth and Decline
	Daugherty and Daugherty	Principles of Political Economy, vol. II
		The Midyear Economic Report of the President, July 1951
	Editors of Fortune,	U.S.A. — The Permanent Revolution
*	Gayer, Harriss, and Spencer,	Basic Economics, A Book of Readings
	Hart,	Defense Without Inflation
	Marx,	The Communist Manifesto
	Mill, J. S.,	Principles of Political Economy
*	Morgan, T.,	Introduction to Economics
	Office of Defense Mobilization,	Meeting Defense Goals
	Ruggles, R.,	National Income and Income Analysis
	Schumpeter, J. A.,	The Theory of Economic Development
	Slichter, S.,	The American Economy
**	Spengler, J. J.,	Theories of Socio-Economic Growth
	[“Baumol	Economic Analysis” inserted here]

* To be purchased.
** To be handed out in section meeting.

[end of first page]

ECONOMICS 1
Fall Term

PART I. The American Economy—Its Growth, Complexity, Institutions and Problems

The Growth of the U.S. Economy and Its Present Complexity
1. Change in productivity and income; the increase in population, capital accumulation, and the supply of natural resources.
2. The functions of the economy.
3. The complex division of labor and specialization within the U.S. economy for performing these functions.
4. The role of the price system and market mechanism — the circular flow of economic activity.

Readings:

Slichter, Ch. 1, The American Economy

Gayer, et al., Nos. 6, 7, 8, 9, 59

Bowman and Bach, Ch. 3, The Economic System — A Summary View; Chapter 4, Private Enterprise, Profits, the Price System

Prerequisites for a Growing Economy
1. Climate and natural resources, attitudes of the population, capital and technology, institutional conditions and systems, etc.
2. Comparisons among different economies

Readings:

Clark, Common and Disparate Elements in National Growth and Decline

Daugherty and Daugherty, Ch. 34, Modern Economic Society

Institutions of an Advanced Industrial Economy
1. Large scale enterprise — the organization of business
2. The organization of labor and agriculture
3. The role of the monetary system and its organization
4. The role of the government

Readings:

Morgan, [Introduction to Economics]

Ch. 4, The Scale and Location of Production

Ch. 5, The Organization of Business

Ch. 6, The Rise of Labor Unions; Social Legislation of the 1930’s

Ch. 7, The Nature of Money

Ch. 8, The Supply of Money

Ch. 9, The Demand for Money

[“Ch. 28” inserted here]

Ch.10, The Control of Money

Ch. 3, Economic Decisions under Laissez-Faire, a Mixed Economy, and Socialism

Editors of Fortune, Ch. 4, The Transformation of American Capitalism

Gayer, et al., Nos. 51, 54, 65 [“, 12” inserted here]

Some Views on Economic Growth
1. The classical economists
2. Schumpeter
3. Marx
4. Other socio-economic views

Readings:

Mill, Vol. II, Bk. IV, Ch. 6, Of the Stationary State

Schumpeter, Ch. 2, The Fundamental Phenomenon of Economic Development

Marx, The Communist Manifesto

Spengler, Theories of Socio-Economic Growth

The Problems of a Growing and Complex Economy
1. Business fluctuations and economic stability
2. Competition and monopoly
3. The distribution of income
4. International problems
5. Economic Power

Readings:

Morgan, Ch. 1, Economic Problems and Economic Progress, pp. 3-7

Slichter, Ch. 6, How Good is the American Economy

PART II. Fluctuations in National Income — The Problem of Economic Stability

The Measurement of National Income
1. Components of national income and their statistical measurement.
2. Correcting national income figures for price changes over time — the real national income.

Readings:

Morgan, [Introduction to Economics]

Ch. 25, The National Income

Ch. 26, Fluctuations in the Real National Income: The Problem of Index Numbers

[“Ch. 27 Production & Employment” inserted here]

The Sources of the Expenditures Determining National Income
1. Consumption expenditures.
2. Investment expenditures.
3. Government expenditures.

Readings:

Morgan, Ch. 31, The Sources of Expenditure

Fluctuations in National Income
1. The determination of the level of national income.
2. The effect of changes in spending—the multiplier and acceleration effects.
3. Business cycle experience of the past.
4. Counter-cyclical policies
5. The problem of the national debt

Readings:

Morgan, Ch. 32, Fluctuations in Production and employment

Ruggles, Ch. 12, Economic Policy and the Level of Activity

Morgan, Ch. 36, Part C, The Burden of Public Debt, pp. 685-696

Gayer, et al., Nos. 81, 85

PART III. Economic Mobilization

1. The pattern of mobilization.
2. Methods of meeting the defense goals.
3. The problem of checking inflation in the mobilization period.

* * * * * * * * * *

[first page begins]

ECONOMICS 1
1951-52
Spring Term

Sources:

	Allen and Brownlee,	The Economics of Public Finance
	Blakiston Company,	Readings in the Social Control of Industry
	Buchanan and Lutz,	Rebuilding the World Economy
	Dean, J.,	Managerial Economics
	Ellsworth, P. T.	The International Economy
		Federal Budget in Brief, latest available
*	Gayer, Harriss, and Spencer,	Basic Economics, A Book of Readings
	Galbraith, J. K.,	American Capitalism
*	Morgan, T.,	Introduction to Economics
	Peterson, S.,	Economics
	Schumpeter, J. A.,	Capitalism, Socialism, and Democracy
**	Slichter, S.,	Profits in a Laboristic Society

* To be purchased.
** To be handed out in section meeting.

[end of first page]

ECONOMICS 1
Spring Term

PART IV. Economic Behavior of the Individual

1. The problem of choice — the manner in which the individual will use his services and property to earn income and the way he will allocate his income among consumer goods.
2. The factors influencing his decisions — marginal utility, prices and types of products and services, “conspicuous consumption,” technology, advertising, habit, etc.

Readings:

Peterson, ch. 19, pp. 478-488

Gayer, et al., Nos. 15, 18

PART V. Business Behavior in a Dynamic Economy

Profit-making as the main objective of business enterprises.

The relevance of the time period, liquidity and safety, potential competition, the anti-trust laws, etc., for profit maximizing.

The influence of market structure on the range of decisions by the firm.

Pure competition — agriculture;
Oligopoly or monopolistic competition — industry;
Monopoly — a limiting case.

1. Conditions of product demand — income levels, availability of substitutes, the price and nature of the product, advertising, etc.
2. Sales promotion plane and product improvement strategy — research.
3. Investment decisions — choosing the best plant size and operating it in the most efficient manner.
4. Pricing policies.
5. Labor relations.

The interactions of such decisions among business firms in a dynamic economy.
The effectiveness of business behavior in satisfying consumer demand, allocating resources, and stimulating growth.

Readings:

Dean, Ch. 1, Sections 1, 2, 4, 5

Morgan, Chs. 12, 11, 15, 16

Dean, Ch. 7

Schumpeter, Ch. 8

Gayer, et al., Nos. 20, 21, 26

Public Programs of Promotion and Control of Business.
1. The historical development of government regulation.
2. The anti-trust approach.
3. Public utility regulation.
4. Government sponsored restraints of competition.
5. Evaluation of government regulation.

Readings:

Gayer, et al., No. 35

Morgan, Ch. 17

Readings in the Social Control of Industry, Ch. 1

Gayer, et al., Nos. 34, 38

PART VI. The Division of the National Income among the Major Groups

1. The facts on distribution — past and present.
2. The manner in which demand and supply factors affect the income of the means of production.
3. The study of these elements in the determination of wages, rents, interest, and profits.
4. Interactions among prices, profits, wages and property incomes in a dynamic, industrial economy.
5. The influence of the government on the distributive shares.

Readings:

Morgan, Chs. 23, 18-22

Gayer, et al., Nos. 42, 41

Slichter, Profits in a Laboristic Society

Galbraith, Chs. 9-11, 14

Gayer, et al., Nos. 44, 50, 88 (Henry George)

PART VII. The International Economy

1. The development of the world economy.
2. The breakdown of the world economy.
3. Reconstructing the world-economy-post-war problems and policies.

Readings:

Buchanan and Lutz, Ch. 1

Morgan, Ch. 38

Ellsworth, The International Economy, Ch. 5, 111-120 or

International Economics, Ch. 2

Gayer, et al., Nos., 100-102, 104, 105

PART VIII. Government Finance and Fiscal Problems

Revenues and Expenditures of the Government
1. The historical change in the role of the government.
2. The structure of the Federal Budget.
3. Financing expenditures from sources of taxation — types of taxes, who pays them, and their effects on the economy.
4. The use of government borrowing to finance expenditures. Should we have an annual balanced budget? What is the burden of the National Debt.
5. The role of the government as a credit agency.

Readings:

Allen and Brownlee, Ch. 1

Morgan, Ch. 24

Federal Budget in Brief.

Gayer, et al., Nos. 89, 90, 92, 95

PART IX. The Prospects and Fundamental Problems of the American Economy

1. The problems of economic growth, economic stability, competition and monopoly, the distribution of income, and international economic relations.
2. How can these problems best be met within the framework of democratic capitalism?

Readings:

To be assigned later.

Source: Harvard University Archives. Syllabi, course outlines and reading lists in Economics, 1895-2003. Box 5, Folder “Economics, 1951-1952 (1 of 2)”.

__________________________

1951-52
HARVARD UNIVERSITY
ECONOMICS 1
[Mid-Year Examination, January 1952]

(Three hours)

Answer FIVE of the following SEVEN questions. Divide your time equally among each of the FIVE questions.

“Although Schumpeter was influenced to a great extent by Marx’s ideas, his views of capitalistic development differed in many basic respects from those of Marx.”
Develop the major points of similarity and difference of their theories of the process of capitalistic development.
Define Gross National Product and National Income. Discuss some of the conceptual and statistical problems in measuring these economic aggregates including the difficulty of comparing Gross National Product at different times. Comment upon the usefulness of these concepts as measures of economic growth.
Economic growth in the United States has been accompanied by bigness in business, labor, finance, and government. Should this concentration movement be regarded as inevitable in the process of capitalistic development? In your opinion has this trend towards bigness interfered with economic growth or accelerated it?
(a) What powers does the Federal Reserve System have to combat inflationary and deflationary movements in the level of economic activity? Explain the manner in which the application of each measure is designed to influence the economy.
(b) How has Treasury financing policy during the last decade interfered with the usefulness of these powers as a means of economic control?
Discuss the behavior and interactions of consumption and investment expenditures as Gross National Product fluctuates over the course of the business cycle.
“The Mobilization People seem to have two main goals – to maintain stability, i.e., prevent prices from rising, and to increase production. They are both laudable objectives by themselves. But those Washington bureaucrats don’t seem to realize they can’t have their cake and eat it too. They try to maintain stability by high taxes plus price and resource controls. Yet these are the very measures which strangle the businessman and take away his incentive to increase production. I say, forget the controls. American production in a free economy will achieve both goals.”
Discuss the issues raised in this statement and, in so doing, suggest the kind of economic policies that you think will best meet our mobilization needs as presently conceived by the federal government.
What in your opinion are the main factors which account for the different rates of growth in real income per capita at different periods of history and in various areas of the world.

Source: Harvard University Archives. Harvard University, Final examinations 1853-2001 (HUC 7000.28). Vol. 90 Final Exams [in] Social Sciences, January 1952.

__________________________

1951-52
HARVARD UNIVERSITY
ECONOMICS 1
[Year-end Examination, May 1952]

PART I
(One hour)
Answer (a) and (b)

(a) Assuming perfect knowledge and the desire to maintain profits, explain briefly the manner in which the price and output of a commodity are determined (1), under purely competitive conditions and (2) under conditions of pure monopoly.
(b) How relevant and useful are these theories in adequately explaining business behavior:

(1) under industry conditions in which competitors are few and products differentiated,
(2) when short-run profit maximization may impair the long-run profit position, and
(3) in accounting for the phenomenon of innovation and company policy toward expansion.

PART II
(Two hours)
Answer any FOUR questions. Each will be counted equally.

“The failure of traditional economic analysis to develop a theory of profits which links them to economic growth has in some ways resulted in an unrealistic anti-monopoly program.” Discuss.
In what ways are wages related to the marginal productivity of labor? How does collective bargaining influence wages and employment?
“Equality is a good thing, but so are rising living standards and greater opportunity.”
To what extent do you think attempts to redistribute income are compatible with policies promoting economic growth? In your answer be careful to distinguish types of redistributive measures and their various effects.
This year every presidential candidate is faced with the need for advancing a tax and expenditure program. As a citizen what economic issues would you want a candidate to cover and what criteria would you employ in evaluating his program?
Answer (a) or (b).

(a) “We shall never have a sound system of international trade until we return to the Gold Standard.” Discuss critically the reasoning underlying this statement, particularly with regard to its implications as to the compatibility of domestic stability and international equilibrium.

(b) “Events in the past fifty years have seen the rise of the United States to a position of dominance in international trade. Yet it may be questioned whether we are willing to accept the responsibilities which our role in the world economy entails.”
Evaluate the statement in the light of the development of United States foreign economic policy in recent years.

Source: Harvard University Archives. Harvard University, Final examinations 1853-2001 (HUC 7000.28). Vol. 93 Final Exams [in] Social Sciences, June 1952.

Images Sources: Smithies from From Harvard Class Album 1952;
Portrait of Trustee of the University of Chicago, Clarence B. Randall, from the University of Chicago Photographic Archive, apf1-03000-082, Hanna Holborn Gray Special Collections Research Center, University of Chicago Library.

Tags RandallCB, Smithies

Berkeley Economists Exam Questions Harvard Suggested Reading Syllabus

Harvard. Graduate Public Finance. Syllabus and Exams. Berkeley professor George Break. 1964-1965

Post author By Irwin Collier
Post date 2022-07-12

The Harvard archives of course syllabi and final examinations include materials for courses taught by visiting professors from other universities. Graduate public finance was a course normally taught by Otto Eckstein, who was appointed to the President’s Council of Economic Advisers in September 1964. To cover that important field course, the Harvard economics department brought in the Berkeley professor of public finance, George Farrington Break for 1964-65. Below you will find Break’s obituary from a University of California (Berkeley) press release, followed by the syllabus and readings for his graduate public finance course at Harvard. Both the mid-year and year-end examinations have been transcribed and can be found at the end of the post. Break’s c.v. can be downloaded at the Wayback Machine internet archive.

_____________________________

Public finance scholar George F. Break dead at 88

By Kathleen Maclay
30 March 2009

BERKELEY — George F. Break, an emeritus professor of economics at the University of California, Berkeley, and an authority on public finance, died of heart failure at Alta Bates Summit Medical Center in Berkeley on March 13. He was 88.

George Break conducted influential empirical research on the effects of income taxation on work incentives, intergovernmental relations and tax reform in the United States and Canada.
He chaired UC Berkeley’s Department of Economics from 1969 to 1973. Break also served on numerous campus advisory committees and in 1990 was honored with the Berkeley Citation, one of the campus’s highest honors.

He was born June 10, 1920, in the city of London in Southwest Ontario, Canada. From 1942-1945, Break served in a meteorological office attached to the Royal Canadian Air Force and was a flying officer with its Meteorological Division in 1945. He married Helen Dean Schnacke on July 31, 1948.

Break went on to earn his Ph.D. in economics at UC Berkeley in 1951, and joined the economics department as an assistant professor the same year. Among his many students at UC Berkeley was Michael Boskin, chair of the Council of Economic Advisors under President George H.W. Bush. Break retired from the faculty in 1990.

Of the 11 books authored by Break, the best known are “Public Finance” (1961), which he wrote with Earl Rolph, and “Federal Tax Reform: The Impossible Dream?” (1975), authored with Joseph Pechman, which served as a foundation for the U.S. Tax Reform Act of 1986. Break also wrote “Financing Government in a Federal System” (1980), edited two books and wrote 74 articles or book chapters.

He was president of the National Tax Association from 1982 to 1984, and was honored in 1996 with the association’s Daniel M. Holland Medal for outstanding contributions to the study and practice of public finance. Break was a member of the American Economics Association, National Tax Association and Canadian Economics Association.

He was appointed by California Gov. George Deukmejian to the Tax Reform Advisory Commission, whose 1985 report suggested reducing corporate and individual income taxes and broadening the sales tax by including food, medical care and household utilities.

Break also assisted the U.S. Treasury Department’s Office of Tax Analysis, testified before congressional committees, consulted for various tax agencies within the United States and Canadian governments, and evaluated the tax systems of Greece and Jamaica.

Break was preceded in death by his wife, Helen, who died in 2007. He is survived by several nephews and nieces.

[…]

Source: UCBerkeleyNews. Press Release, 30 March 2009.
_____________________________

Course Announcement

Economics 251. Public Finance
Full course. M., W., (F.), at 10. Professor George Break (University of California).

Public finance in the context of the theory of economic policy; fiscal policy and the theory of output and prices; economics of public expenditure; theory of multi-level finance.

Source: Harvard University, Faculty of Arts and Sciences. Courses of Instruction for Harvard and Radcliffe, 1964-65, p. 117.

_____________________________

Syllabus and Course Readings

HARVARD UNIVERSITY
Department of Economics
Economics 251
Public Finance

Professor George F. Break

Fall Term 1964

Recommended for purchase: R. A. Musgrave, The Theory of Public Finance (McGraw Hill, 1959)
Henry C. Simons, Personal Income Taxation (Univ. of Chicago Press, 1938)
General Texts and Treatises: Due, John F., Government Finance (Irwin, 1959)
Groves, H. M., Financing Government (5th ed. Holt, 1958)
Schultz, W. J. and Harriss, C. L., American Public Finance (7th ed., Prentice-Hall, 1961)
Buchanan, J. M., The Public Finances (Irwin, 1960)
Rolph, E. R. and Break, G. F., Public Finance (Ronald, 1961)
Hicks, U. K., Public Finance (2nd ed., Cambridge, 1955)
Prest, A. R., Public Finance (Quadrangle, 1960)
Dalton, Hugh, Principles of Public Finance (4th ed., Routledge, 1954)
Pigou, A. C., A Study in Public Finance (3rd ed., Macmillan, 1947)
Colm, Gerhard, Essays in Public Finance and Fiscal Policy (Oxford, 1955)
Rolph, E. R., The Theory of Fiscal Economics (California, 1954)
Blough, Roy, The Federal Taxing Process (Prentice-Hall, 1952)
Universities–National Bureau Conference, The Public Finances (Princeton, 1961)
Musgrave, R. A. and Peacock, A. T. (eds.): Classics in the Theory of Public Finance (Macmillan, 1958)
Musgrave, R. A. and Shoup, C. S., (eds.), Readings in the Economics of Taxation (AEA series, Irwin, 1959)
Hall, Challis A. Jr., Fiscal Policy for Stable Growth (Holt, 1960)
Smithies, A. and Butters, J. K. (eds.), Readings in Fiscal Policy (AEA series, Irwin, 1955)
Smith, D. T., Federal Tax Reform (McGraw-Hill, 1961)
Smithies, A., The Budgetary System in the United States (McGraw-Hill, 1955)
Burkhead, Jesse, Government Budgeting (Wiley, 1936)
Harvard Law School International Program in Taxation, World Tax Series (volumes on Australia, Brazil, Mexico, India, Sweden, United Kingdom, United States, published)
Joint Economic Committee, The Federal Revenue System: Facts and Problems, 1964
Joint Economic Committee, Federal Tax Policy for Economic Growth and Stability, 1955
Joint Economic Committee, Federal Expenditure Policy for Economic Growth and Stability, 1957
Committee on Ways and Means, Tax Revision Compendium (3 vols., 1960)

Serial Publications and Periodicals

U. S. Treasury Department, Treasury Bulletin (monthly)
U. S. Treasury Department, Annual Report of the Secretary of the Treasury
Budget Message of the President
Economic Report of the President
National Tax Association, Annual Proceedings
National Tax Journal
Taxes, The Tax Magazine
Public Finance (Finances Publiques)
Commerce Clearing House, Inc., and Prentice-Hall publish looseleaf tax services (in Law and Business School Libraries)

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

1. The Fiscal Setting

7: Chs. 1, 2, 4, 5.

*1: Ch. 9.

21: Chs. 3-4; (5-7); 8-10.

22: Chs. *6-9; (Part III).

Symposium on Budgetary Concept. RES (May 1963):

Bator
Eckstein
*Musgrave
Taylor, Wendell and Brill

Andrew E. Gantt, II., “Central Governments: Cash Deficits and Surpluses, RES (Feb. 1963).

Survey of Current Business (July, 1964), pp. 1823.

Office of Business Economics, Dept. of Commerce, U.S. Income and Output (1958), pp. 55-7 and 164-79.

Joint Economic Committee (Roy Moor), The Federal Budget as an Economic Document (1962), pp. 524; *109-128; 138-148.

Alan T. Peacock and Jack Wiseman, The Growth of Public Expenditure in the United Kingdom (NBER, 1961).

Anthony Downs, “Why the Government Budget is Too Small in a Democracy,” World Politics (July, 1960).

2. Principles of Taxation

*1: Chs. 4, 5.

*2: Ch. 1.

16: Knut Wicksell, pp. 72-118.

17: Elmer D. Fagan No. 3, (JPE, 1938).

11: Part II, Chs. 1, 4-7.

20: Ch. 1.

W. J. Blum and H. Kalven, Jr., The Uneasy Case for Progressive Taxation (Chicago, 1953). Phoenix Paperback Edition, 1963.

Robert J, Lampman, “Recent Thought on Egalitarianism,” QJE (May, 1957).

3. Income, Spending and Net Wealth

*1: pp. 160-64.

2: Ch; pp. 89-100.

17: Robert Murray Haig, No. 4, (The Federal Income Tax, 1921).

*William Vickrey, Agenda for Progressive Taxation (Ronald, 1947), Ch. 1.

Irving Fisher, The Nature of Capital and Income (1906) Chs. 1, 2, 4, 7, 10.

__________, “Income in Theory and Income Taxation in Practice,” Econometrica (January, 1937).

Break, George F., “Capital Maintenance and the Concept of Income,” JPE (February, 1954).

Nicholas Kaldor, An Expenditure Tax (Allen and Unwin, 1955), pp. 21-53.

4. The Scope of Income Taxation

*2: Chs. 5, 7, 8.

*20: Chs. 3, 5.

*Vickrey: Chs. 2, 3, 5-I.

David J. Ott and Allen H. Meltzer, Federal Tax Treatment of State and Local Securities (Brooking, 1963) Chs. 1, 2, 8.

Richard Goode, “Policyholders’ Interest Income from Life Insurance under the Income Tax, Vanderbilt Law Review (Dec. 1962).

C. Harry Kahn, Business and Professional Income Under the Personal Income Tax, NBER, 1964.

5. The Definition of Net Income

*20: Ch. 4.

*Vickrey: Ch. 4.

E. Cary Brown, “The New Depreciation Policy under the Income Tax: an Economic Analysis,” NTJ (March 1955).

Norman B. Ture, “Tax Reform: Depreciation Problems,” AER (May, 1963), pp. 334-53.

Murray Brown, “Depreciation and Corporate Profits,” SCB (Oct. 1963).

Evsey Domar, The Case for Accelerated Depreciation,” QJE (Nov. 1953) and his Essays in The Theory of Economic Growth.

Treasury Department, Internal Revenue Service, Depreciation Guidelines and Rules, Publication No. 456 (7/62).

C. Harry Kahn, Personal Deductions in the Federal Income Tax (NBER, 1960).

*Richard Goode, “Educational Expenditures and the Income Tax,” in Selma Mushkin, ed., Economics of Higher Education (Washington, 1962).

6. The Taxpaying Unit

*Vickrey, Ch. 10-I, III.

*Harold M. Croves, Federal Tax Treatment of the Family (Brookings, 1963).

Reed R. Hansen, “The Diminishing Exemption — a New Look at Equity,” Canadian Tax Journal (July-August, 1963).

Yung-Ping Chen, “Income Tax Exemptions for the Aged as a Policy Instrument,” NTJ (Dec. 1963).

7. Integration of the Personal and Corporate Income Taxes

*2: Ch. 9.

*20: Ch. 7.

*Vickrey, Ch. 5-II.

*Daniel M. Holland, Dividends Under the Income Tax (NBER, 1962), Ch. 4.

Holland, The Income-Tax Burden on Stockholders (NBER, 1958) Chs. 1, 2, 7.

Goode, The Corporation Income Tax (Wiley, 1951) Chs. 2, 3, 10.

Carl S. Shoup, “The Dividend Exclusion and Credit in the Revenue Code of 1954,” NTJ (March, 1955).

8. Income Tax Administration

*M. Farioletti, “Some Results of the First Year’s Audit Control Program of the Bureau of Internal Revenue,” NTJ (March, 1952).

Harold M. Groves, “Empirical Studies of Income-Tax Compliance,” NTJ (Dec. 1958).

W. H. Smith, “Electronic Date Processing in the Internal Revenue Service, NTJ (September, 1961).

Holland, Dividends Under the Income Tax, Ch. 2.

H. H. Hinrichs, “Underreporting of Capital Gains on Tax Returns…,” NTJ (June, 1964).

9. Income Taxation and Work Incentives

1: Ch. 11.

13: Ch. 10.

17: Goode, No. 29 (JPE, 1949).

*Gershon Cooper, No. 30 (QJE, 1952).

7: pp. 153-58.

*Break, “Income Taxes and Incentives to Work,” AER (September, 1957).

Kaldor, Ch. 4.

Break, “Income Taxes, Wage Rates, and the Incentive to Supply Labor Services,” NTJ (Dec. 1953).

10. Income Taxation and Investment Incentives

*1: Ch. 14.

7: pp. 159-64.

13: Chs. 11, 12.

17: Domar and Musgrave, No. 31 (OJE, 1944).

E. Cary Brown, No. 32 (Income and Employment and Public Policy: Essays in Honor of Alvin B. Hansen (Norton, 1948).

Brown, “Mr. Kaldor on Taxation and Risk Bearing,” Rev. of Ec. Studies Vol. XXV:1.

Kaldor, Ch. III.

*Brown, “Tax Incentives for Investment,” AER (May, 1962).

*Goode, “Accelerated Depreciation Allowances as a Stimulus to Investment, QJE (May, 1955).

Goode, “Special Tax Measures to Restrain Investment,” IMF: Staff Papers (February, 1957).

*Sam B. Chase, Jr., “Tax Credits for Investment Spending,” NTJ (March, 1962), and comment by Brown in NTJ (June, 1962).

11. Income Taxation and Corporate Financial Policies

7: pp. 221-2; 229-30; and studies there cited by Lintner, Smith and Darling.

John A. Brittain,”The Tax Structure and Corporate Dividend Policy,” AER (May, 1964).

Miller and Shelton, “Effects of a Shifted Corporate Income Tax on Capital Structure,” NTJ (1955).

12. The Incidence of Sales and Excise Taxes

1: Chs. 15, 16, especially pp. 379-82.

*13: Chs. 6, 7. or JPE (April 1952) and AER (Sept. 1952) for Ch. 6.

17: Harry Gunnison Brown, No. 21 (JPE 1939)

John F. Due, No. 22 (The Theory of Incidence of Sales Taxation, 1942)

Rolph and Break, No. 7 (JPE, 1949)

*Due, “Toward a General Theory of Sales Tax Incidence,” QJE (May, 1953).

*Due, “Sales Taxation and the Consumer,” AER (December, 1963).

*J. M. Buchanan, Fiscal Theory and Political Economy (Chapel Hill, 1960).

Break, “Excise Tax Burdens and Benefits,” AER (September, 1954).

Break, “Allocation and Excess Burden Effects of Excise and Sales Taxes,” in Committee on Ways and Means, Excise Tax Compendium (Washington, 1964).

*J. A. Stockfisch, “The Capitalization and Investment Aspects of Excise Taxes under Competition,” AER (June, 1954).

Paul Davidson, “Rolph on the Aggregate Effects of a General Excise Tax,” SEJ (July, 1960).

13. Incidence of a Corporation Income Tax

17: Shoup, No. 20 (NTJ 1948).

7: pp. 210-20.

27: Harberger, Volume I, pp. 231-50.

*Arnold C. Harberger, “The Incidence of the Corporation Income Tax,” JPE (June 1962)

*Kerzyzaniak and Musgrave, The Shifting of the Corporation Income Tax (Johns Hopkins, 1963).

Diran Bodenhorn, “The Shifting of the Corporation Income Tax in a Growing Economy,” QJE (November, 1956).

*Challis A. Hall, Jr., “Direct Shifting of the Corporation Income Tax in Manufacturing.” AER (May: 1964).

14. Taxation of the Oil and Gas Industry

7: pp. 230-34.

Douglas M. Eldridge, “Tax Incentives for Mineral Enterprises,” JPE (June, 1950).

Stephen L. McDonald, Federal Tax Treatment of Income from Oil and Gas (Brookings, 1963).

McDonald, “Percentage Depletion and the Allocation of Resources: The Case of Oil and Gas,” NTJ (December, 1961); comments by Musgrave and Eldridge in NTJ (June, 1962), and McDonald’s reply in NTJ (September 1962).

Peter O. Steiner, “The Non-Neutrality of Corporate Income Taxation: with and Without Depletion,” NTJ (Sept. 1963), and comments by McDonald and Steiner in NTJ (March, 1964).

Paul Davidson, “Policy Problems of the Crude Oil Industry,” AER (March 1963) and discussion in AER (March, 1964).

A. E. Kahn, “The Depletion Allowance and Cartelization,” AER (June 1964).

15. Taxation of Capital Gains and Losses

25: Walter Heller, pp. 381-94.

2: Ch. 7.

7: pp. 123-29.

Lawrence H. Seltzer, The Nature and Tax Treatment of Capital Gains and Losses (NBER, 1951) Chs. 1, 4-6, 9.

Harold M. Somers, “Reconsideration of the Capital Gains Tax,” NTJ (Dec. 1960).

Martin David, “Economic Effects of the Capital Gains Tax,” AER (May, 1964).

Holt and Shelton, “The Implications of the Capital Gains Tax for Investment Decisions,” JF (Dec. 1961).

Alice J. Vandermeulen, “Capital Gains: Two Tests for the Taxpayer and Proposal for the President,” NTJ (Dec. 1963).

H. H. Hinrichs, “An Empirical Measure of Investors’ Responsiveness to Differentials in Capital Gains Tax Rates Among Income Groups, NTJ (Sept. 1963).

Holt and Shelton, “The Lock-in Effect of the Capital Gains Tax,” NTJ (Dec. 1962).

Lent and Menge, “The Importance of Restricted Stock Options in Executive Compensation, ” Management Record (June, 1962)

Holland and Lewellen, “Probing the Record of Stock Options,” HBR April, 1962).

16. The Redistributive Effects of U. S. Taxation

27: Pechman, pp. 251-82. (Volume 1)

Hellmuth, pp. 283-316. (Volume 1)

*Musgrave, pp. 2223-2234. (Volume 3)

*Lampman, pp. 2235-2246. (Volume 3)

*Joseph A. Pechman, “Erosion of the Individual Income Tax,” NTJ (March, 1957).

Musgrave and others, “Distribution of Tax Payments by Income Groups: a Case Study for 1948,” NTJ (March, 1951), and discussion in NTJ (Sept.1951) and March, 1952).
Also later computations by Musgrave in No. 25, pp. 96-113.

James R. Beaton, “Family Tax Burdens by Income Levels,” NTJ (March, 1962).

George A. Bishop, “The Tax Burden by Income Class, 1958,” NTJ (March, 1961).

*A. R. Prest, “Statistical Calculations of Tax Burdens,” Economica (Aug. 1955).

Annual articles on the size distribution of income in SCB, e.g. (April, 1964).

17. The Structure of U. S. Taxation

27: Volume 1, pp. 1-250.

*NBER and Brookings, The Role of Direct and Indirect Taxes in the Federal Revenue System (Princeton, 1964), especially papers by Due, Eldridge, Eckstein and Chase.

*Committee on Way and Mean, Excise Tax Compendium (Washington, 1964), especially papers by Due, Eldridge, Shoup, and Stockfisch.

18. The Income Sensitivity of U. S. Taxes

*Pechman, “Yield of the Individual Income Tax During a Recession,” NTJ (March, 1954).

Leo Cohen, “An Empirical Measurement of the Built-in Flexibility of the Individual Income Tax,” AER (May, 1959). See also NTJ (June, 1960).

Paul E. Smith, “Built in Flexibility of the Individual Income Tax: Quarterly Estimates,” NTJ (June, 1962).

Smith, “A Note on the Built-in Flexibility of the Individual Income Tax,” Econometrica (Oct. 1963).

Wilfred Lewis, Jr., Federal Fiscal Policy in the Postwar Recessions (Brookings, 1962) Chs. 2 and 3.

*Groves and Kahn, “The Stability of State and Local Tax Yields,” AER (March, 1952).

*Dick Netzer, “Income Elasticity of the Property Tax: a Post-Mortem Note,” NTJ (June, 1964); also No. 15, pp. 23-40.

D. G. Davies, “The Sensitivity of Consumption Taxes to Fluctuations in Income,” NTJ (Sept. 1962).

Brown and Kruizenga, “Income Sensitivity of a Simple Personal Income Tax, RES (Aug. 1959).

M. O. Clement, “The Quantitative Impact of Automatic Stabilizers,” RES (Feb. 1960).

19. Value Added Taxation

*Shoup, “Theory and Background of the Value-Added Tax,” National Tax Association Proceedings (1955) pp. 6-19.

*Excise Tax Compendium, Papers by Smith and Rolph.

The Role of Direct and Indirect Taxes in the Federal Revenue System. Paper by Musgrave and Richman.

20. Spendings and Net Worth Taxes

7: Chs. 8, 9.

Kaldor, An Expenditure Tax.

Vickrey, Ch. 12.

Katona and Lansing, “The Wealth of the Wealthy,” RES (Feb. 1964).

Source: Harvard University Archives. Syllabi, course outlines and reading lists in Economics, 1895-2003. Box 9, Folder “Economics, 1964-1965 (2 of 2)”.

_____________________________

Mid-year Examination

HARVARD UNIVERSITY
Department of Economics
Economics 251

Fall 1964

Answer any three questions

There has been much discussion concerning, the role that the principle of taxation according to benefits received should play in modern fiscal systems. Contrast the views on this subject of Henry Simons and the voluntary exchange theorists. Set forth your own views and justify them.
Discuss the incidence of a property tax levied by a single State (assume, if you like, that one State raises its tax rates while others hold them constant) on the land, buildings, and equipment of businesses operating within its borders. The tax applies both to local retail enterprises and to manufacturing corporations selling in national markets.
“In a rational system of income taxation according to ability to pay there is no place for a separate tax on corporate income.” Discuss.
Each of the following is a controversial aspect of the federal individual income tax:
1. Employer contributions to the cost of employee life, accident, hospital and medical insurance.
2. Social security retirement benefits.
3. Income splitting.
4. Deductions for state and local taxes and for interest on consumer indebtedness.
5. Expenditures for higher education.
6. Travelling and entertainment expenditures by businessmen.
7. Personal exemptions.
8. Interest on state and local debt.

Select any four of the above and discuss the problems to which they give rise. Include in your answer your own recommendations as to their treatment for tax purposes.

Many critics of the U.S. tax system feel that it unduly impairs incentives to invest. Discuss this question both in general and with respect to the following specific characteristics of the tax system:
1. depreciation allowances,
2. loss carryovers,
3. progressive individual income tax rates, and
4. capital gains and losses.

Source: Harvard University Archives. Papers Printed for Mid-Year Examinations [in] History, History of Religions, … , Economics, … , Naval Science, Air Science (January, 1965) in the bound volume Social Sciences: Final Examinations, January 1965 (HUC 7000.28, Vol. 157).

_____________________________

Year-end Examination

Economics 251
Final Examination
Spring Term, 1965

Part I

Answer both questions.

(25%)
(a) Compute the built-in flexibility and the yield elasticity of the federal individual income tax from the following data:

Y = 0.6 + 0.38X,

where Y = taxable individual income
and X = gross national product,
both in billions of dollars

The equation was fitted to the period 1955-1963 during which income tax liabilities were 23 percent of taxable individual incomes in each year, and, on the average over the period, individual income tax liabilities were 7.9 percent of GNP

(b) Are there any reasons to expect the built-in flexibility of the individual income tax to be different in the upswing of the business cycle from what it is in the downswing? In the long run compared to what it is in the short run? Discuss.

(c) What effects, if any, would you expect a reduction in the corporate income tax to have on the built-in flexibility of the individual income tax?

(25%)
Evaluate each of the following as countercyclical fiscal policies:

1. changes in excise tax rates
2. variations in public works spending
3. public debt operations

Part II

Answer any two questions.

(25%) Write a critical analysis of the balanced budget theorem.
(25%) Evaluate the major ways in which the federal government could increase its financial assistance to state and local governments.
(25%) Discuss the problems involved in estimating social and private rates of return to investment in higher education.
(25%) Discuss the importance of each of the following in benefit-cost analysis as applied to governmental spending programs:
1. The rate of return on reinvested earnings
2. Intangible benefits
3. Pecuniary and technological spillovers
4. Secondary benefits

Source: Harvard University Archives. Bound volume Social Sciences: Final Examinations, June 1965 (HUC 7000.28, vol. 159).

Image Source: George F. Break’s faculty profile page at the Berkeley economics department website.

Tags Boskin, Break, Pechman, Rolph

Faculty Regulations Harvard Teaching Undergraduate

Harvard. Observations on the organization of academic life at Harvard. Ashley, 1897

Post author By Irwin Collier
Post date 2022-06-05

The economic historian William J. Ashley taught at Harvard from 1892 to 1901. His observations regarding the tension between professors and junior staff’s desire to work for the advancement of science and scholarship and the core educational mission of universities have not lost their relevance 125 years after he shared his Harvard experience.

But there are many wonderful obiter dicta you will want to savor.

________________________

C.V. from Harvard’s records

William James Ashley, B.A. Oxford 1881; M.A. Oxford 1885; M.Com. Birmingham (Eng.) 1902; Ph.D. Berlin 1910; Fellow Lincoln Coll. Oxford 1885; Prof. of Political Economy and Constitutional History, Toronto 1888-1892; Prof. of Economic History 1892-1901; Prof. of Commerce, Birmingham; Dean (Faculty of Commerce) Birmingham 1901-1902; Cor. Memb. Mass. Hist. Soc; Cor. Memb. Am. Acad.

Harvard University. Quinquennial catalogue of the officers and graduates 1636-1930, p. 42.
________________________

Prof. William J. Ashley on academic administration and procedures at Harvard (1897)

[…] The peculiarity in the position of Harvard is that while the professorial ideal has definitely triumphed among the teaching body, the tutorial ideal is still cherished by the ‘constituency.’ Most of the professors care first of all for the advancement of science and scholarship; they prefer lectures to large audiences to the catechetical instruction of multiplied ‘sections,’ and they would leave students free to attend lectures or neglect them, at their own peril; they would pick out the abler men, and initiate them into the processes of investigation in small ‘research courses’ or ‘seminaries;’ and, to be perfectly frank, they are not greatly interested in the ordinary undergraduate. On the other hand the university constituency — represented, as I am told, by the Overseers — insists that the ordinary undergraduate shall be ‘looked after;’ that he shall not be allowed to ‘waste his time;’ that he shall be ‘pulled up’ by frequent examinations, and forced to do a certain minimum of work, whether he wants to or not. The result of this pressure has been the establishment of an elaborate machinery of periodical examination, the carrying on of a vaster bookkeeping for the registration of attendance and of grades than was ever before seen at any university, and the appointment of a legion of junior ‘instructors’ and assistants, to whom is assigned the drudgery of reading examination — books and conducting ‘conferences.’

So far as the professors are concerned, the arrangement is as favourable as can reasonably be expected. Of course they are all bound to lecture, and to lecture several times a week; they exercise a general supervision over the labours of their assistants; they guide the studies of advanced students; they conduct the examinations for honours and for higher degrees; they carry on a ceaseless correspondence; and each of them sits upon a couple of committees. But they are not absolutely compelled to undertake much drudging work in the way of instruction, and if they are careful of their time they can manage to find leisure for their own researches. As soon as a ‘course’ gets large, a benevolent Corporation will provide an assistant. The day is past when they were obliged, in the phrase of Lowell, ‘to double the parts of professor and tutor.’

But the soil of America is not as propitious as one could wish for the plant of academic leisure. It is a bustling atmosphere; and a professor needs some strength of mind to resist the temptation to be everlastingly doing something obvious. The sacred reserves of time and energy need to be jealously guarded, and there is more than one direction from which they are threatened. University administration occupies what would seem an unduly large number of men and an unduly large amount of time; it is worth while considering whether more executive authority should not be given to the deans. Then there is the never — ending stream of legislation, or rather of legislative discussion. I must confess that when I have listened, week after week, to Faculty debates, the phrase of Mark Pattison about Oxford has some times rung in my ears: ‘the tone as of a lively municipal borough.’ It would be unjust to apply it; for, after all, the measures under debate have been of far-reaching importance. Yet if any means could be devised to hasten the progress of business, it would be a welcome saving of time. Still another danger is the pecuniary temptation — hardly resistible by weak human nature — to repeat college lectures to the women students of Radcliffe. That some amount of repetition will do no harm to teachers of certain temperaments and in certain subjects may well be allowed, but that it is sometimes likely to exhaust the nervous energy which might better be devoted to other things can hardly be denied. The present Radcliffe system, to be sure, is but a makeshift, and an unsatisfactory one.

The ‘instructors’ and assistants, on their part, have little to grumble at, if they, in their turn, are wise in the use of their time. It is with them, usually, but a few years of drudgery, on the way to higher positions in Harvard or elsewhere; and it is well that a man should bear the yoke in his youth. Let him remember that his promotion will depend largely upon his showing the ability to do independent work; let him take care not to be so absorbed in the duties of his temporary position as to fail to produce some little bit of scholarly or scientific achievement for himself. I have occasionally thought that the university accepts the labours of men in the lower grades of the service with a rather step-motherly disregard for their futures.

Come now to the ‘students,’ or whose sake, certainly, Harvard College was founded, whatever may have been the case with English colleges, and whose presence casts upon those responsible for academic policy duties which they cannot escape, if they would. Grant that education and education as Jowett understood it, the training of character as well as mere instruction — is the main business of a university, what is to be said of the situation of affairs? That we do as much here for the average man as the Oxford tutorial system accomplishes, it would be idle to affirm. The introduction of the tutorial system, however, is out of the question: it needs the small college for its basis; it requires that the tutor should enjoy a prestige which we cannot give him; and it is still further shut out by ‘elective’ studies. Yet in its way the Harvard practice suffers from the same defects as the Oxford; it does too much for the men. Take the matter of examinations, for instance. Surely it would be better to relax the continuous pressure — which after all is not in any worthy sense effective — and to reinforce it instead at special points. It was the conviction, we are told, of Professor Freeman that ‘if examinations were necessary evils, they should be few, searching, and complete, not many and piecemeal.’ At present, there are so many ‘tests,’ of one sort or another, that no one examination sufficiently impresses the undergraduate mind. The kind of work done by a student who is so persistently held up by hour-examinations and conferences that he must be an abnormal fool to ‘fail’ at the end, cannot be regarded as really educational in any high sense of the word. By a great many men, the help showered upon them is regarded merely as the means of discovering just how little they can do, and still scrape through. To sweep away all examinations except the final annual one; to leave the student more to himself; to set a higher standard for passing, and ruthlessly reject those who do not reach it, would undoubtedly, in the long run, encourage a more manly spirit on the part of undergraduates, and a deeper respect for the university. This I say with the fuller confidence because, when I left Oxford, now (1900) some twelve years ago, I could see nothing but the evils of the examination system as it there affects students of promise. I am convinced that it would be possible and salutary in Harvard to add greatly to the awfulness of examination; and that much could be done in this direction without approaching within measurable distance of any results that need be feared.

From a natural distrust of examinations and a desire to encourage independent thought, it has of late become the practice to prescribe two or more theses during the progress of a ‘course.’ The result is that many a man has half a dozen or more theses to write during the year, for two or three different teachers. This undoubtedly ‘gets some work out of the men.’ But the too frequent consequence, with students who take their work seriously, especially with graduates, is that they have no time for anything but to get up their lectures and prepare their theses. Any parallel reading by the side of their lectures they find impracticable. But one of the best things a student can do is just to read intelligently. Certainly the graduate students, if not the undergraduates, would sometimes be the better for being left more to themselves.

These are, however, relatively minor matters. A good deal could be said about that cornerstone of Harvard academic policy, the ‘elective’ system. I must confess that I have hitherto failed to see the advantage of the completely elective plan (for any but exceptional students) over the plan of ‘groups,’ or ‘triposes,’ or ‘schools,’ with some degree of internal elasticity to suit particular tastes. That the elective system is an improvement on the old compulsory curriculum is likely enough; but I do not know that any great American university has ever yet fairly tried the group arrangement. Of all the educational agencies at Oxford, Oxford itself is the most potent.

That sweet city, with her dreaming spires;
She needs not June for beauty’s heightening.

Harvard, indeed, is truly ‘fair’ at Commencement, and in the evening lights the Yard has always a sober dignity. But Harvard in the daytime sadly needs May or October for beauty’s heightening. The disadvantages of youth and climate may not be altogether surmountable; yet Cambridge surroundings could doubtless be made more comely and restful with comparatively little trouble. There must be a certain atrophy of the æsthetic sense when luxuriously furnished dormitories have no difficulty in securing tenants though they face rubbish dumps, when rowing-men can practise with equanimity beneath a coal-dealer’s mammoth advertisement, and when the crash and jangle of street-cars are permitted to destroy what little remains of the quiet of the Yard. What is to be desired for every student — most of all for those from homes of little cultivation — is that he should live in the presence of grace and beauty and stateliness. The lesson of good taste cannot be learnt from lectures, and is imbibed unconsciously. Here we must turn to our masters, the Corporation, and to the worshipful benefactors to come. Is all the thought taken that might be taken, all the pressure used that might be exerted, to increase the amenity of the neighbourhood? And, further, is it utopian to imagine that some benefactor will yet arise who will enable Harvard to imitate the noble example of Yale, and erect dormitories that shall delight the eye? Is it too much to hope that the university may soon be enriched with at least one more building such as Memorial Hall? For many a Harvard student his daily meals in Memorial Hall, in that ample space, beneath the glowing colours of the windows and surrounded by the pictures of the Harvard worthies of the past, constitute the most educative part of his university career, though he may not know it. Only half the students can now be brought within this silent influence. A second dining-hall, of like dignity, is perhaps the most urgent educational need of Harvard, and the need most easily supplied.[*]

[*I leave this sentence, for obvious reasons, in spite of the recent erection of Randall Hall. The desirability of a large infusion of other than immediately utilitarian elements in the policy of the Corporation is emphasised, I think, by the increasingly evident tendency towards social segregation in the student body. The English reader who desires to know more of the atmosphere of the greater American universities may be referred to Mr. Bliss Perry’s article on ‘The Life of a College Professor’ in Scribner’s Magazine for October 1897; while the American reader who is interested in Oxford may with advantage consult Mr. F. C. S. Schiller on ‘Philosophy at Oxford’ in the Educational Review for October 1899. ]

Source: W. J. Ashley, “Jowett and the University Ideal” in Surveys, Historic and Economics 1900, pp. 445-463. Originally published in Atlantic Monthly, July 1897.

Tags Ashley

Economics Programs Faculty Regulations Harvard

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

Post author By Irwin Collier
Post date 2022-06-05

In addition to Harvard’s requirements for the A.M. and Ph.D. degrees in economics as of the academic year 1921-22, this post includes the A.B. degree requirements for concentrators in economics. Furthermore information regarding the overlap with a concentration in “social ethics” and the Ph.D. requirements for “business economics” has been included.

Degree Requirements for 1897-98.
Degree Requirements for 1911-12.
Degree Requirements for 1934-35.
Degree Requirements from 1947.
Degree Requirements from 1958.
Degree Regulations from 1968.

_________________________

Degree Requirements
in 1921-22

GENERAL INFORMATION

ORGANIZATION

The Division of History, Government, and Economics comprises three departments: History; Government; and Economics. The Division has charge of the administration of the degree of A.B. in History, in Government, and in Economics, and of the degree of Ph.D. in History, in Political Science, and in Economics. The recommendation of candidates for assistantships, fellowships, and scholarships is in the hands of the respective Departments; and each Department has charge of all matters relating specially to its own instruction.

DEGREES OF A.B. AND S.B.

The degrees of Bachelor of Arts and Bachelor of Science are conferred usually after four years of residence, although a student who enters college without serious deficiency may complete the requirements for the degree in three years or three years and a half. At least one year of residence is required. Students of other colleges are admitted to advanced standing in Harvard College, without examination, on presenting testimonials of scholarship and character, and satisfactory evidence of work well performed in the institutions previously attended.

CONCENTRATION IN HISTORY, GOVERNMENT, OR ECONOMICS

The requirement for concentration in a department or field of distinction demands in this Division four courses in one department, either History, Government, or Economics, and two additional courses selected from those offered by the Division. A student concentrating in Economics may select as the two additional courses related courses in Social Ethics. No one may count toward his six courses more than two of the introductory courses, History 1, Government 1, and Economics A. The election of these six courses should be made with a view to the requirements for the final examination described below, and the advice of the student’s Tutor should be sought in selecting these and any further courses in the Division

DIVISION EXAMINATION

Students concentrating in the Division of History, Government, and Economics will, at the close of their college course and as a prerequisite to the degree of A.B. or S.B., be required to pass an examination upon the field of their concentration. This examination will cover the general attainments of each candidate in the field covered by this Division and also his attainments in a specific field of study. Candidates for the Division Examination at mid years must signify their intention of taking it on or before December 15; candidates for the examination at Commencement, on or before April 1. The examination will consist of three parts:

(a) A general written examination, which will be given in two parts: one designed to ascertain the comprehensive attainment of the candidate in the subjects of this Division; the other covering the work of the Department in which the student is concentrating. There will be a large number of alternative questions to allow for differences in preparation.

(b) A special written examination, which will test the student’s grasp of his chosen specific field (see list of fields below). The candidate will be expected to show a thorough understanding of the subject of this field; knowledge of the content of courses only will not suffice. The examination will be upon a subject, not upon a group of courses.

(c) An oral examination, supplementary to either or both of the written examinations, but usually bearing primarily upon the candidate’s specific field.

The specific field should ordinarily be chosen from the following list, which indicates also the courses bearing most directly upon each field. In special cases other fields or combinations of fields may be accepted by the Division. This field should be selected by the end of the Sophomore year. [Course announcement 1921-22]

[…]

Specific field of concentration	Courses ordinarily to be elected for concentration	Alternative courses for candidates for the degree with distinction	Suggested courses in other Departments to be elected for the purpose of concentration or to be taken as free electives
1. Economic Theory	Economics A, 7a, 7b, 10, and the equivalent of 1½ full courses from the following: 1a, 1b, 3, 4a, 4b, 5, 9a, 9b	Economics 11, 12, 14, 15	Philosophy 25a
2. Economic History	Economics A, 1b, 2a, 2b, 10 and the equivalent of 1 full course from the following: 3, 4a, 4b, 6a, 9b	Economics 23, 24, 33	History 17a, 17b, 32a, 32b, 57
3. Sociology	Economics A, 1b, 6a, 7a, 7b, 8, 10		Social Ethics 4, Anthropology 1, 12, Philosophy 25a
Applied Economics
4. Money and Banking	Economics A, 1a, 1b, 2b, 3, 10, and either 4a or 4b	Economics 37, 38
5. Corporate Organization	Economics A, 1a, 1b, 2b, 4a, 4b, 10, and either 2a or 6a	Economics 36a, 36b
6. Transportation	Economics A, 1a, 1b, 2b, 4a or 4b, 10, and either 2a or 6a	Economics 36a, 36b
7. Public Finance	Economics A, 1a, 1b, 2b, 5, 10, and either 2a or 9b	Economics 31, 36a, 36b	Government 9a, 9b, 17a, 17b
8. Labor Problems	Economics A, 1b, 2a, 2b, 6a, 7b, 10, and either 7a or 9a	Economics 34	Social Ethics 4,6
9. Economics of Agriculture	Economics A, 1a, 1b, 2a, 2b, 9a, 10, and either 4a or 9b	Economics 32
10. International Trade and Tariff Policy	Economics A, 1a, 1b, 2a, 2b, 9a, 9b, 10	Economics 33, 39

[…]

TUTORIAL INSTRUCTION

The general final examination has been established, not in order to place an additional burden upon candidates for the A.B., but for the purpose of securing better correlation of the student’s work, encouraging better methods of study, and furnishing a more adequate test of real power and attainment. To this end students concentrating in the Division will from the beginning of their Sophomore year have the guidance and assistance of special Tutors. The work of these Tutors will be to guide students in their respective fields of study, to assist them in coördinating the knowledge derived from different courses, and to stimulate in them the reading habit. Students will meet the Tutors in small groups and for individual conferences at intervals depending upon the nature of the student’s work, the rate of his progress, and the number of courses which he may be taking in this Division in any particular year. The work of Tutors will be entirely independent of the conduct of courses, and the Tutors as such will have no control over the work or the grades of any student in any college course. Their guidance and assistance will naturally be of indirect benefit to the student in his work in individual courses, but their main function will be to help the student and guide him in the kind of reading and study which will be most useful toward his general progress in this Division. The attitude of the Tutor will be that of a friend rather than of a taskmaster, and students may consult him freely and informally concerning any phase of their work.

CONCENTRATION IN SOCIAL ETHICS

An undergraduate concentrating in Social Ethics must take four courses in the Department of Social Ethics and two either in the Department of Philosophy and Psychology or in the Department of Economics, the entire programme to be approved by a member of the Department of Social Ethics. A written examination covering the general field of concentration will be required at the end of the Senior year.

TUTORIAL INSTRUCTION IN SOCIAL ETHICS

Students concentrating in Social Ethics will, from the beginning of their Sophomore year, receive the guidance and supervision of a Tutor. The Tutors will aid the students in correlating the work of their courses, and will direct them in special reading bearing upon the work of the Department and upon the students’ special fields of interest. The Tutors will seek especially to aid students in developing habits of profitable reading, in independent thinking, in scholarly method, and in the coördination and application of their knowledge. Students will meet their Tutors individually and in small groups from time to time, the constitution of the group and the frequency of meetings depending upon the nature of the students’ work and their rate of progress. The tutorial instruction is considered a regular part of the work of any student concentrating in the Department, and is reported upon from time to time to the Chairman of the Department. Every effort is made to establish personal and friendly relations between Tutors and students, and to this end the Tutors will always be glad to be consulted informally upon any matter in which they may be of assistance to the students.

[…]

THE DEGREE OF A.B. WITH DISTINCTION IN HISTORY, IN GOVERNMENT, AND IN ECONOMICS

In the opinion of the Faculty every undergraduate of superior ability should look to a considerable amount of advanced work in some subject or related subjects as a natural part of his undergraduate career; but it is not to be imagined that the Faculty intends to call for anything like original research on the part of undergraduates, or for the passing of examinations similar to those required for the higher degrees. The Degree with Distinction, it is believed, is so planned as to be within the reach of every student of good ability.

General Regulations. — The candidate for the degree of A.B. with Distinction in History, Government, and Economics shall make application, not later than November 1 of the year in which he expects to receive the degree, to the Division of History, Government, and Economics; he shall, at the same time, record his name and purpose at the office of the Dean of Harvard College. Students intending to become candidates are urged to put themselves, as early as the beginning of their Sophomore year, under the guidance of the Division.

The requirements for the degree cum laude and magna cum laude are the same. The grade of distinction depends on the excellence of the student’s work, as determined by the Division. If his work be judged unworthy of distinction, but worthy of a degree, the Division may recommend him for a degree without distinction.

Special Regulations. — Not later than November 1 of his final year of preparation, the candidate must present, for approval by the Division, a plan of study, which shall comprise at least seven courses, selected from those offered by the Division, and not including more than two from the three introductory courses, History 1, Government 1, and Economics A. This plan of study may, however, with the approval of the Division, include related courses offered by other Departments of the University, and also, by special vote of the Division, suitable work done outside of regular courses.

If four or more of the seven courses are courses in History, the candidate, if successful, will be recommended for the Degree with Distinction in History; if four or more of them are courses in Economics, he will be recommended for the Degree with Distinction in Economics; if four or more of them are courses in Government, he will be recommended for the Degree with Distinction in Government.

Besides this minimum requirement, the candidate may indicate in his plan of study any additional work done in History, Government, Economics, or in related subjects. The character and range of this work will be taken into account in determining the recommendation for the Degree with Distinction. The winning of a University prize in any of the subjects represented in the Division, such as a Bowdoin, Toppan, or Sumner prize, may, at the Division’s discretion, be accepted as evidence towards establishing a candidate’s qualification for the Degree with Distinction.

Not later than May 1 of his Senior year, the candidate will present to the Chairman of the Division a thesis; and he will be required to pass an examination on his general field, or on such portion of the field as the Division may determine. Successful candidates at this examination will be excused from the final examinations in their Senior year in the courses offered for the Degree with Distinction; and unsuccessful candidates at the examination may be recommended by the Division for the ordinary degree without taking the final examinations in such courses.

In the award of the Dillaway Fellowship preference will be given to the most successful candidate for the Degree with Distinction in History; and the Philip Washburn Prize is offered for the best thesis, of sufficient merit, on an historical subject presented by a successful candidate for the Degree with Distinction in History.

IN SOCIAL ETHICS

Candidates for Distinction must elect eight courses in the Departments of Philosophy and Psychology, Social Ethics, and Economics, of which four must be in the Department of Social Ethics and two in each of the others, and must pass an oral examination in addition to the written.

[…]

IN COMBINATION WITH THE CLASSICS

The Faculty of Arts and Sciences has established a degree with distinction based upon programmes combining studies in the Classics with the studies of the Division of History, Government, and Economics. Three different programmes are offered with the following requirements in each: –

[Classics and History; Classics and Government; Classics and Economics]

[…]

Classics and Economics

Eight courses five in the Department of the Classics (both Greek and Latin) and three in the Department of Economics.
A thesis connecting Ancient and Modern Economic Theory or History.
A general examination, either written or oral, on Greek and Roman Literature, History and Economics, and on the subject matter of certain works which will be determined by a joint committee of the Department of the Classics and the Department of Economics.

DEGREE OF A.M.

The ordinary requirement for the degree of Master of Arts for a graduate of an approved college consists of one year of residence and study devoted to advanced work approved by the Administrative Board of the Graduate School of Arts and Sciences as affording suitable preparation for the degree, and completed with distinction. Graduates of colleges whose requirements for admission and grad uation are considerably below those of Harvard College, or of colleges whose standing is not well known to the Administrative Board, and graduates of any college who have not sufficient prep aration for advanced work in their particular subject of study, are ordinarily required to devote at least two years to their study for this degree. In special cases this period may be shortened to one year or one year and a half for students whose work in the Graduate School of Arts and Sciences shows unusual excellence.

The programme of study for the degree of Master of Arts must form a consistent plan of work pursued with some definite aim, whether it lies wholly in a single department or field of study or in more than one; this work may be done either in, or in con nection with, the regular courses of instruction, or independently of them. Programmes should be submitted early in the academic year, and no programme will ordinarily be approved that is received after January 15 of the academic year in which the degree is to be taken. All applications should be addressed to the Secretary of the Graduate School of Arts and Sciences.

All candidates must possess an elementary knowledge of two modern foreign languages, ordinarily French and German.

DEGREE OF PH.D.

For the degree of Doctor of Philosophy not less than two years devoted to advanced studies, approved as affording suitable preparation for the degree, are required of graduates of colleges of good standing. This degree is not usually taken in less than three years after the attainment of the degree of Bachelor of Arts in Harvard College, or an equivalent. A graduate of another college may ascertain by writing to the Secretary of the Graduate School of Arts and Sciences whether any special conditions will be imposed upon him. In order to be admitted to the degree the candidate must show a general training in the whole field of study, firm grasp of his special subject within the field, and independent research in some portion of that subject. He must present a thesis, showing original treatment or investigation, and must pass such examination or examinations as may be required by the Division. The degree is given on the ground of thorough study and high attainments. Appropriate studies carried on in the graduate school of another university may be recognized as a part of the candidate’s preparation for the degree. The minimum period of residence at Harvard University is one year.

The University confers the degree of Doctor of Philosophy in History; in Political Science; in Economics; and in Business Economics. Candidates for the degree under any of these heads are subject to supervision and examination by the Division of History, Government, and Economics. In order to indicate the grounds on which it is prepared to recommend candidates for the degree, the Division has adopted the following statements and suggestions.

All communications relative to the doctorate should be sent to Professor Charles H. Haskins, Chairman of the Division Committee on Graduate Degrees, 23 University Hall, Cambridge.

GENERAL PREPARATION

Every candidate for the degree of Doctor of Philosophy is required, at an early stage in his preparation, to submit to the Division, through the Chairman of its Committee on Graduate Degrees, evidence of the extent and quality of his general studies. A command of good English, spoken and written, the ability to make free use of French and German books, and a fair acquaintance with general history are expected in all cases. On the evidence presented, the Division will decide, provisionally, as to the sufficiency of the candidate’s general training. No set examinations will be held at this stage, but before he is admitted to the general examination each candidate must present a certificate from a designated member of the Division stating that he is able to make free use of French and German books. Such a certificate may be given on the basis either of a special test or of the candidate’s use of these languages in connection with the regular courses of instruction. Candidates may be required to make up deficiencies by pursuing specified College courses, or in such other way as the Division may designate. The provisional acceptance of a candidate, as regards this portion of his preparation, does not preclude the Division from rejecting him later, if, in the examination on specific subjects, it shall appear that his general education is insufficient.

Candidates must pass two examinations: the first general, the second (after the acceptance of the thesis) on a special field, defined in each case by vote of the Division.

I. GENERAL EXAMINATION

The first examination will be held not later than the beginning of the last year of study for the degree, and candidates are recommended to present themselves for this examination in the course of the preceding academic year. The object of this test is to ascertain the applicant’s attainments within a considerable range of subjects in the field of History, Political Science, or Economics. He will ordinarily be examined in six subjects in all, chosen from the groups defined below under the respective departments of study, but the ground of his special field will not be covered in the general examination. Candidates are not required, however, to follow the details of these plans. They may present, for the consideration of the Division, reasonable substitutes for any of the topics named, and may offer appropriate combinations of parts of the separate subjects. They are advised, in all cases, to submit their plans of study for approval at an early date, as the Division reserves the right to disapprove any plan which seems to it unsatisfactory, even though the plan meet the formal requirements of distribution in the various groups. In judging of the candidate’s fitness for the degree, regard will be had to the general grasp and maturity shown, as well as to the range and accuracy of his attainments in the specific subjects of examination.

II. THESIS

The thesis must be in the hands of the Chairman of the Division Committee on Graduate Degrees on or before April 1 of the year in which the degree is sought. It must be accepted as satisfactory before the candidate can be admitted to the final examination. It must show an original treatment of the subject, or give evidence of independent research, and must also be in good literary form and suitable for publication.*

*A list of the theses which have been accepted for the Ph.D. in the Division of History, Government, and Economics will be found in the list of Doctors of Philosophy and Doctors of Science who have received their degree in course from Harvard University, 1873-1916, published by the University in 1916.

Every thesis must be accompanied by a brief summary, not exceeding 1200 words in length, which shall indicate as clearly as possible the methods, material, and results. Each summary must be approved by the Division Committee as adequate and as in suitable form for publication. These summaries will be printed by the University in an annual volume.

III. SPECIAL EXAMINATION

The second examination will be on a single limited subject agreed upon in advance. It is intended that each candidate should have, as far as possible, freedom of choice in selecting his subject, but it is expected that he will submit, for approval, an outline of work to be presented in satisfaction of this requirement. It is desirable that this outline should be submitted a year in advance of the examination. Ordinarily the ground covered by the special examination will not be greater in extent than one of the subjects offered by the candidate at his general examination, and may be identical with one of these subjects. Or the candidate may limit his more special preparation to an approved portion of this field, which will regularly include the period or topic within which the thesis lies. At the final examination, the candidate will be expected to show such a mastery of his special field, and such an acquaintance with the literature, general and special, bearing on it, as would qualify him to give instruction to mature students.

* * * * * * * * *

THE DEGREE OF Ph.D.
IN ECONOMICS

GENERAL PREPARATION

Candidates for the degree of Doctor of Philosophy in Economics must meet the general requirements stated [above]. They should also be well grounded in the main outlines of European and American history, and should have had a general view of the nature and growth of political institutions and constitutional law.

GENERAL EXAMINATION

This examination will include six subjects, chosen from the following list. Of the six subjects, Group A must be offered and one subject from Group C. The others will ordinarily be chosen from Group B. In all cases at least one of the subjects chosen must be historical in character, either economic history under Group B or one of the historical fields under Group C.

Group A

Economic Theory and its History, with special reference to the Development of Economic Thought since 1776.

Group B

Economic History before 1750.
Economic History since 1750.
Statistical Method and its Application.
Money, Banking, and Crises.
Transportation
Economics of Corporations.
Public Finance.
International Trade and Tariff Policy.
Economics of Agriculture.
Labor Problems.
Socialism and Social Reform.
Sociology

Group C

Any of the historical fields (Nos. 1 to 16) defined under the requirements for the Ph.D. in History.
Comparative Modern Government.
American Government and Constitutional Law.
Municipal Government.
Jurisprudence (selected topics).
Philosophy (selected topics).
Anthropology
History of Political Theory.
International Law.

In the case of a candidate whose special subject is in the Department of Social Ethics, the six subjects for examination will be chosen from the two following groups. The candidate will be examined in all four of the subjects in Group E, and is expected to be proficient in the history of one of them. He will select two subjects from Group F.

Group E

Ethical Theory.
Economic Theory.
Poor Relief.
Social Reforms.

Group F

Sociology
Statistics
Economic History.
The Labor Question.
Criminology and Penology.
Problems of Municipal Government.
Anthropology

THE DEGREE OF Ph.D.
IN BUSINESS ECONOMICS

GENERAL PREPARATION

Candidates for the degree of Doctor of Philosophy in Business Economics must meet the general requirements stated [above, pp. 102-204]. They should also be well grounded in the outlines of European and American history. In the course of their preparation they should have had fundamental training in Accounting, Marketing (or Commercial Organization), and the Law of Contracts. Courses in these subjects required for the degree of Master in Business Administration should be taken ordinarily during the first year of graduate study.

GENERAL EXAMINATION

This examination will include six fields chosen from the following list. The subject of Economic Theory is required in all cases, but not more than two subjects may ordinarily be taken from Group A. Preparation for the subjects in Group B should aim, as far as practicable, to combine the more general training in Economics with the technical training in Business courses.

Combinations of examination subjects other than those here stated may be offered. In all cases the programme of study must be approved by the Division. Candidates are urged to seek early in their residence the advice of the Dean of the Graduate School of Business Administration and of the Chairman of the Department of Economics.

Group A

Economic Theory.
Economic History since 1750.
Public Finance and Taxation.
Economics of Agriculture.

Group B

Accounting.
Marketing.
Foreign Trade.
Industrial Management and Labor Problems.
Money and Banking.
Corporate Organization and Finance.
Transportation.
Insurance.
Statistical Method and its Application.

SPECIAL EXAMINATION

The field for the special examination should be chosen in accordance with the requirements stated [above “III. Special Examination”], except that ordinarily the subject should be one of those in group B.

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

Image Source: Harvard Square 1915 from Brookline Public Library’s Photograph Collection at Digital Commonwealth (Non-Commercial, Creative Commons license).

Economics Programs Faculty Regulations Harvard

Harvard. Economics Graduate Degree Requirements, 1934-1935

Post author By Irwin Collier
Post date 2022-06-02

Update: within a few minutes of posting the following, I discovered that I had already transcribed and posted the same material over seven years ago. Actually it was my third post. How did I miss it? My Catalogue of Artifacts page had a misprint, instead of the year 1934 the year 1924 was incorrectly entered. My standard procedure is to search through the catalogue for names and dates. But this item, being a departmental document only had a date. I am leaving this here, though it double-counts an artifact. I like the image and I have added the other comparable posts (so some light curation is going on here).

It has been a while since Economics in the Rear-view Mirror added to the collection of the rules and and regulations governing the award of graduate degrees in economics. To date for Harvard the collection now includes today’s post for 1934-35 and the following items:

Degree Requirements for 1897-98.

Degree Requirements for 1911-12.

Degree Requirements from 1947.

Degree Requirements from 1958.

Degree Regulations from 1968.

_________________________

1934-1935
HARVARD UNIVERSITY
Department of Economics

Requirements for Graduate Degrees:
The more important regulations regarding graduate degrees are stated below.

General Information for Candidates for the A.M. and Ph.D. degrees
1. Programs of study
  1. The program of study for the A.M. and Ph.D. degrees must form a consistent plan of work pursued with some definite aim. It should be submitted to Professor Burbank, Chairman of the Department of Economics, 41 Holyoke House, for approval early in the year.
  2. The fields of study are to be chosen from the following:

GROUP A.

1. 1. 1. Economic Theory and its History, with special reference to the Development of Economic Thought since 1776.
    2. Economic History since 1750, or some other approved field in Economic History
    3. Statistical Method and its Application

GROUP B

1. 1. 1. Money and Banking
    2. Economic Fluctuations and Forecasting
      e.² Industrial Organization and Control
    3. Public Utilities (including Transportation)
    4. Economics of Corporations
    5. International Trade and Tariff Policies
    6. Economics of Agriculture
    7. Labor Problems
    8. Socialism and Social Reform
    9. Public Finance
    10. Economic History before 1750
    11. Commodity Distribution and Prices
    12. Economics of Public Utilities
    13. ²Mathematical Economics

GROUP C

1. 1. 1. Any of the historical fields from Group A or B, defined under the requirements for the Ph.D. in History. [See Division Pamphlet.]
    2. Comparative Modern Government
    3. American Government and Constitutional Law
    4. Municipal Government
    5. Jurisprudence (Selected topics)
    6. Philosophy (Selected topics)
    7. Anthropology
    8. History of Political Theory
    9. International Law
    10. Sociology [Certain fields—see Sociology Pamphlet]
    11. Economics of Forestry

1. Application for degrees

Candidates for degrees must apply to the Dean of the Graduate School of Arts and Sciences, 24 University Hall, by December 1, for the degree at Midyears; or by January 15, for the degree at Commencement.

Special Requirements for the A.M. degree
1. Residence

The candidate must take one full year of advance work at Harvard—four courses with a grade of B or higher in each. These courses may be taken in one year or over a period of years. (See new requirement on page 5.)

1. Languages

An ELEMENTARY knowledge of French and German, and a READING knowledge of the other language is required. This requirement may be met as follows:

1. 1. For the READING knowledge, by a passing grade in the written examinations given by the Department early in November and March.
  2. For the ELEMENTARY knowledge, by one of the following methods:
    1. A passing grade in an elementary course at Harvard or some other institution
    2. A passing grade in an undergraduate examination at Harvard, which is given three times a year—

French: September 22; January 7; April 22
German: September 22; January 8; April 23

1. 1. 1. A passing grade in the written examination given by the Department early in November and March.

This requirement may be met at any time prior to application for the Master’s degree.

1. General Examination

The candidate must pass an oral examination on FOUR fields of study, to be selected from those listed above according to the following distribution:

1. 1. TWO from Group A, including Economic Theory
  2. TWO from Groups A, B, or C (not more than ONE to be selected from Group C.)

The fields are covered only in part by formal course instruction. Supplementary reading must be undertaken to meet the requirements.

Preparation for this examination normally requires TWO full years of study. A student is advised not to stand for examination until he feels thoroughly prepared.

With Professor Burbank’s consent, a student may offer THREE fields of Study for the Oral Examination, substituting a pro-seminar course for the fourth field.

When the General Examination is passed in the Spring, the candidate is excused with credit from the final course examination in courses relating to fields offered for the General Examination.

In judging the candidate’s fitness for the degree, regard will be had for the general grasp and maturity shown, as well as for the range and accuracy of his knowledge of the special subjects examined.

To secure a date for the General Examination, candidates must make arrangements with the secretary in the Division Office, 15 Little Hall before April 1.

Special Requirements for the Ph.D. degree
1. Residence

The candidate must take two years of advanced work—eight courses, with grades of B or higher in each (See new requirements on page 5.) One year, or four courses, must be taken at Harvard. Credit for work done at another institution may be substituted for the other year’s work, with Professor Burbank’s approval.

1. Languages

The candidate must present a READING knowledge of both French and German. This requirement is satisfied ONLY by passing the Department written examination which is given early in November and March. It must be met SIX months before the Special Examination. Examinations in the two languages need not be taken at the same time.
At the time of the Special Examination, candidates must show an acquaintance with the literature in their special fields in two modern languages other than English, ordinarily French and German.

1. Fields of Study

The candidate must present SIX fields of study to be selected from the groups listed above according to the following distribution:

1. 1. The THREE fields in Group A are required unless a candidate can show that he has done sufficient advanced work in Economic History or in Statistics to warrant his substituting a field from Group B or Group C.
  2. The remaining THREE fields may be selected from Group B and Group C—though not more than ONE field may be taken from Group C.

Evidence of a knowledge of the SIX fields of study is shown as follows:

1. General Examination

FOUR fields, including Economic Theory, are presented at an oral examination. [For details regarding this examination, refer to the notes under C. of the requirements for the A.M. degree.]

1. “Fifth” field

The requirement regarding the “fifth” field may be met by presenting work of distinguished quality in an approved course at Harvard.

1. Special field

The candidate meets the requirements of the sixth field by standing for oral examination and presenting a thesis which normally lies within the field examined. Ordinarily this field is chosen from Groups A or B. By special arrangements the same subject may be offered for the General and Special Examinations. However, this program is unusual, and arrangements must be made with the Chairman of the Department. In this case, the candidate must show evidence of a thorough knowledge of another field, which might have been-offered for examination.

1. 1. Candidates for the degree at Midyears should arrange for their Special Examination on or before December 1 in the Division Office, 15 Little Hall; for the degree at Commencement, on or before April 1.
  2. Two copies of the thesis must be in the hands of the Chairman of the Division, 15 Little Hall, by January 3 for the degree at Midyears, and by April 1for the degree at Commencement.

The thesis must be accepted before the candidate may be admitted for the Special Examination. It must show an original treatment of the subject and give evidence of independent research. It must be in good literary form, suitable for publication. Except by special permission from the Chairman of the Division, all theses must be in typewritten or printed form.

Every thesis must be accompanied by a summary not exceeding 1200 words in length, which shall indicate as clearly as possible the methods, material, and results of the investigation. Each summary must be approved by the Division Committee as adequate and in suitable form for publication. These summaries are printed by the University in an annual volume.

At least SIX months must elapse between the General and Special Examinations.

Candidates for the Ph.D. degree must plan on no less than THREE full years of advanced study, and it is only a student with superior training and no outside demands on his time who can attain his degree in that time.

IMPORTANT NOTE: After September 1, 1934, candidates for the Ph.D. are required to show evidence, in some section of their graduate work, of high distinction — “A” — in formal course instruction, General or Special Examinations, or Dissertation.

Business Economics: For the degree in Business Economics, consult the Division pamphlet.

Miss Stone, in 41 Holyoke House, will be glad to answer any questions arising in connection with these regulations.

Source: Harvard University Archives. Department of Economics Records (UAV349.11) Box 13 Folder “Graduate Instruction Degree Requirements”.

Image: Harvard Class-Day Book 1934.

Tags Burbank

Course Announcement

For Undergraduates and Graduates

Course Enrollment

For Undergraduates and Graduates:—

Course Readings

ECONOMICS 2. 1901-1902

Mid-year examination, 1902 ECONOMICS 2

Final examination, June 1902 ECONOMICS 2

Collection of Carver’s economic theory readings and exams, 1900/01 through 1902/03

Course Announcement

Primarily for Undergraduates

Course Enrollment

Primarily for Undergraduates:—

Mid-year Examination 1902 ECONOMICS 1

Year-end Examination 1902 ECONOMICS 1

I. Answer two.

II. Answer two.

III. Answer two.

IV. Answer three.

From Harvard’s Report of the President 1873-74

Required studies. Sophomores.

Required studies. Juniors.

Elective studies.

Obituary from Boston Evening Transcript (July 13, 1887)

1888 Memoir of a Harvard Classmate

HENRY HOWLAND

The General Final Examination and the Tutorial System

Related previous posts

From President A. Lawrence Lowell’s report on the academic year 1914-15.

Other related posts

Cf. An earlier version of the Syllabus for “Principles of Economics”

Smithies’ letter of Oct 31, 1951 to Randall

Randall alleges sleight-of-hand by Smithies regarding the Economics 1 reading list.

Course Announcement

Economics 1 Syllabus and Readings 1951-52

ECONOMICS 1 1951-52 Fall Term

ECONOMICS 1 Fall Term

PART I. The American Economy—Its Growth, Complexity, Institutions and Problems

PART II. Fluctuations in National Income — The Problem of Economic Stability

PART III. Economic Mobilization

ECONOMICS 1 1951-52 Spring Term

ECONOMICS 1 Spring Term

PART IV. Economic Behavior of the Individual

PART V. Business Behavior in a Dynamic Economy

PART VI. The Division of the National Income among the Major Groups

PART VII. The International Economy

PART VIII. Government Finance and Fiscal Problems

PART IX. The Prospects and Fundamental Problems of the American Economy

1951-52 HARVARD UNIVERSITY ECONOMICS 1 [Mid-Year Examination, January 1952]

1951-52 HARVARD UNIVERSITY ECONOMICS 1 [Year-end Examination, May 1952]

Public finance scholar George F. Break dead at 88

By Kathleen Maclay 30 March 2009

Course Announcement

Syllabus and Course Readings

HARVARD UNIVERSITY Department of Economics Economics 251 Public Finance

1. The Fiscal Setting

2. Principles of Taxation

3. Income, Spending and Net Wealth

4. The Scope of Income Taxation

5. The Definition of Net Income

6. The Taxpaying Unit

7. Integration of the Personal and Corporate Income Taxes

8. Income Tax Administration

9. Income Taxation and Work Incentives

10. Income Taxation and Investment Incentives

11. Income Taxation and Corporate Financial Policies

12. The Incidence of Sales and Excise Taxes

13. Incidence of a Corporation Income Tax

14. Taxation of the Oil and Gas Industry

15. Taxation of Capital Gains and Losses

16. The Redistributive Effects of U. S. Taxation

17. The Structure of U. S. Taxation

18. The Income Sensitivity of U. S. Taxes

19. Value Added Taxation

20. Spendings and Net Worth Taxes

Mid-year Examination

HARVARD UNIVERSITY Department of Economics Economics 251

Fall 1964

Year-end Examination

Economics 251 Final Examination Spring Term, 1965

ECONOMICS 2.
1901-1902

Mid-year examination, 1902
ECONOMICS 2

Final examination, June 1902
ECONOMICS 2

Collection of Carver’s economic theory readings and exams,
1900/01 through 1902/03

Mid-year Examination 1902
ECONOMICS 1

Year-end Examination 1902
ECONOMICS 1

I.
Answer two.

II.
Answer two.

III.
Answer two.

IV.
Answer three.

From Harvard’s
Report of the President 1873-74

Required studies.
Sophomores.

Required studies.
Juniors.

Obituary from
Boston Evening Transcript
(July 13, 1887)

Economics 1
Syllabus and Readings
1951-52

ECONOMICS 1
1951-52
Fall Term

ECONOMICS 1
Fall Term

ECONOMICS 1
1951-52
Spring Term

ECONOMICS 1
Spring Term

1951-52
HARVARD UNIVERSITY
ECONOMICS 1
[Mid-Year Examination, January 1952]

1951-52
HARVARD UNIVERSITY
ECONOMICS 1
[Year-end Examination, May 1952]

By Kathleen Maclay
30 March 2009

HARVARD UNIVERSITY
Department of Economics
Economics 251
Public Finance

HARVARD UNIVERSITY
Department of Economics
Economics 251

Economics 251
Final Examination
Spring Term, 1965

Degree Requirements
in 1921-22

THE DEGREE OF Ph.D.
IN ECONOMICS

THE DEGREE OF Ph.D.
IN BUSINESS ECONOMICS

1934-1935
HARVARD UNIVERSITY
Department of Economics

Requirements for Graduate Degrees:
The more important regulations regarding graduate degrees are stated below.