Categories
Harvard Teaching

Harvard. Graduate econometrics, first semester. Houthakker and Vanek, 1962

The transcription of the following partial (?) course syllabus was shared with Economics in the Rear-view Mirror by Vincent Carret, a doctoral candidate at Université Lumiere Lyon 2, Faculté des Sciences Économiques et de Gestion (FSEG). 

Perhaps there are others who would like to contribute to this project with the contribution of a transcription? If so, leave a comment below for me to get in touch with you.

_____________________

Course Announcement
1962-63

Economics 224a. Econometric Methods, I

Half course (fall term). W., F., 2-3:30. Professor [Hendrik] Houthakker and Assistant Professor [Jaroslav] Vanek.

An introduction to the use of multivariate statistical analyses in the study of economic behavior, with special emphasis on budgetary and other individual decision unit data.

Prerequisite: Economics 221[Quantitative Methods, II] or equivalent.

Source: Harvard University.  Courses of Instruction for Harvard and Radcliffe, Faculty of Arts and Sciences, 1962-1963, p. 105.

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Econometric Methods I
Economics 224a

Professors Houthakker and Vanek

Reading List #1                                                               Fall 1962

I. General References

Klein L., Introduction to Econometrics, (elementary)

Klein, L., A Textbook of Econometrics (advanced)

II. Household Consumption

Allen, R. G. D. and Bowley, A. L., Family Expenditures; a Study of its Variation, 1935

Prais, S. J. and Houthakker, H. S., The Analysis of Family Budgets, 1955

Houthakker, H. S., “An International Comparison of Household Expenditure Patterns….,” Econometrica, October 1957

Friedman, M., A Theory of the Consumption Function, 1957

Kuh, E. and Meyer, J., “How Extraneous are Extraneous Estimates?” Review of Economics and Statistics, November 1957

Kuh, E. and Meyer, J., “Correlation and Regression Estimates When the Data are Ratios,” Econometrica, April 1959

Kuh, E., “The Validity of Cross-Sectionally Estimating Behavior Equations in True Series Applications,” Econometrica, April 1959

Friend, I. and Jones, R., Study of Consumer Expenditures, Income and Saving, 1960

Volume 1

Houthakker, H., and Haldi, J. (p. 175)
Peters, W. S. (p. 247)

Volume 2

Modigliani, F. and Ando, As. (p. 49)
Watts, H. W. and Tobin, J., (p. 1)
Bodkin, R., (p. 175)
Miner, J., (p. 400)

Rosett, R., “Working Wives” Studies in Household Economic Behavior (by T. Dernburg and others — Yale U. P. 1958

Aitcheson, J. and Prais, S. J., “The Treatment of Grouped Observations” Review International Statistic Institute, 1954

IV.  (sic) Investment

Meyer, J. and Kuh, E., The Investment Decision, 1957

Eisner, R., Determinants of Capital Expenditure, 1956

V. Cost Functions

Johnston, J., Statistical Cost Analysis

VI. Survey Methods

Survey Research Center (University of Michigan) 1960 Survey of Consumer Finances

Tobin, J., “On the Predictive Value of Consumer Intentions & Attitudes,” Rev. Econ. & Stat. February 1959

National Bureau of Economic Research, Quality and Economic Significance of Anticipations Data

Source: Harvard University Archives. Syllabi, course outlines and reading lists in Economics, 1895-2003. Box 8, Folder “Economics, 1962-1963 (2 of 2)”.

Image Sources:

Hendrik Samuel Houthakker from website Find-A-Grave.

Jaroslav Vanek (1961 Fellow) from the John Simon Guggenheim Memorial Foundation website.

Categories
Bibliography Gender Harvard Socialism Suggested Reading

Harvard. Short Bibliography on Socialism and Family/Christian Ethics for “Serious-minded Students”, McConnell, 1910

 

The Ethics of Socialism is the nominal title of the brief 1910 bibliography provided by Harvard social ethics instructor Ray Madding McConnell  and transcribed below along with links to digital copies of the items found at archive.org and hathitrust.org. A more accurate title would be “Socialism and Family/Christian Ethical Doctrine”. Dr. McConnell died the year after this bibliography was published, so I have added a dash of biographical material since it is rather unlikely that Economics in the Rear-View Mirror will encounter him again.

In 1910 Harvard published a total of 43 of short bibliographies in the collection “Social Ethics and Allied Subjects”, about half of which were dedicated to particular topics in economics and economic sociology. The project was coordinated by Plummer Professor of Christian Morals, Francis G. Peabody.

Previously posted bibliographies from Peabody’s “Social Ethics and Allied Subjects”:

Economic Theory by Professor Frank Taussig

Taxation by Professor Charles J. Bullock

Trade Unionism by Professor William Z. Ripley

Social Insurance by Dr. Robert Franz Foerster

Economics of Socialism by Professor Thomas Nixon Carver

Strikes and Boycotts by Professor William Z. Ripley

_____________________________

From the Prefatory Note:

The present list represents an attempt to make this connection between the teaching of the University and a need of the modern world. Each compiler has had in mind, not a superficial reader, nor yet a learned scholar, but an intelligent and serious-minded student, who is willing to read substantial literature if it be commended to him as worth his while and is neither too voluminous nor too inaccessible. To such an inquirer each editor makes suggestions concerning the contents, spirit or doctrine of a book, not attempting a complete description or a final judgment, but as though answering the preliminary question of a student, “What kind of book is this?” The plan thus depends for its usefulness on the competency of the editors concerned, and each editor assumes responsibility for the section to which his name is prefixed.

Source: Prefatory Note by Francis G. Peabody. A Guide to Reading in Social Ethics and Allied Subjects, Lists of Books and Articles Selected and Described for the Use of General Readers. Cambridge, Mass.: Harvard University, 1910, p. vi.

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The Short Life of Dr. Ray Madding McConnell (1875-1911)

Born: September 14, 1875. Union City, Tennessee.

Died: June 23, 1911. Cause of Death, Pneumonia—Septic, Tonsillitis. Contributory: Acute Rheumatic Fever. Somerville, Massachusetts. He was buried in Mount Auburn Cemetery, Cambridge, Massachusetts.

 

Ph.D. in Philosophy, 1908

Ray Madding McConnell, A.B. (Southern Univ.) 1899, S.T.B. (Vanderbilt Univ.) 1901, A.M. (Harvard Univ.) 1902.

Subject, Philosophy. Special Field, Ethics. Thesis, “The Ground of Moral Obligation.” Assistant in Social Ethics.

Source: Harvard University. Report of the President of Harvard University 1907-1908, p. 140.

 

Books

Ray Madding McConnell. The Duty of Altruism. New York: Macmillan, 1910.

________________. Criminal Responsibility and Social Constraint. New York: Charles Scribner’s Sons, 1912.

 

Obituary

Dr. RAY MADDING McCONNELL
Harvard Instructor in Social Ethics Had Made Long Study of Important Problems

Dr. Ray Madding McConnell long active in educational work, died early this morning at a private hospital in Cambridge [sic, the hospital was in Somerville]. Dr. McConnell who was a graduate of Harvard, class of 1802, was born in Tennessee in 1875, and had been since his college days a great student of sociological problems and recently instructor in social ethics at Harvard.

Dr. McConnell received numerous honorary degrees, including his A.B. from Southern University In Alabama, in 1899, his S.T.B. from Vanderbilt University in Tennessee in 1901, his A.M. from Harvard in 1901, and from that university his Ph. D. in 1908. He was a writer on the subject to which he had given so many years of earnest study and research, and last year his book on “The Duty of Altruism” was brought out and he had at this time another book in preparation, “Philosophy of Crime.” He had contributed frequently to the International Journal of Ethics, and at Harvard he had given courses of lectures on “Moral Obligations of the Modern State.”

Dr. McConnell was married, in 1807, to Miss Phoebe Estes Bedlow of Ithaca, N. Y. by whom he is survived, as well as by a young son, Frank McConnell.

Source: Boston Evening Transcript, 24 June 1911, page 14.

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IV.6. THE ETHICS OF SOCIALISM
RAY M. McCONNELL

I. SOCIALISM AND THE FAMILY

A. The Socialist Attitude

Upon questions of marriage and the family, individual socialists, like other people, have diverse opinions. It would of course be folly to try to saddle all socialism with the utterances of one or even of many socialists. The following references must be understood, therefore, not as indicative of the necessary attitude of socialists, but only as indicative of the proposals of those writers who do advocate socialization of the family.

Bebel, August. Woman in the past, present and future. Translated from the German by H. B. Adams Walther. London: William Reeves, 1894, pp. 264.

Perhaps the most important book on this subject. It is an exceedingly good exposition of socialism, both in the economic order and in the family. “The gratification of the sexual impulse is as strictly the personal affair of the individual as the gratification of every other natural instinct. No one has to give an account of him or her self, and no third person has the slightest right of intervention. Intelligence, culture and independence will direct and facilitate a right choice. Should in compatibility, disappointment and dislike ensue, morality demands the dissolution of a tie that has become unnatural and therefore immoral…. The state of society will have removed the many drawbacks and disturbing elements which influence the married life of to-day and so often prevent it from reaching its full development.”

Heinzen, Karl. The rights of women and the sexual relations. Chicago: Charles H. Kerr & Co., 1898, pp. xi, 385.

A most radical and thoroughgoing advocacy of liberty in the sexual relations and of the independence of woman. “The free common-sense conception of marriage, and with it also of divorce, is everywhere still suppressed by the theological conception of the relationship between man and woman. According to the theological conception, marriage is in itself a hallowed relationship, and this abstract relation in itself, not the real happiness and interest of those who constitute it, is the chief object. Marriage is to be upheld even if the married persons perish in it. Adherents of the official and theological morality will feel in duty bound to grow indignant over the claim that in reality there is no such thing as adultery.”

Carpenter, Edward. Love’s coming of age. A series of papers on the relations of the sexes. London: Swan, Sonnenschein & Co., 1903, pp. vi, 168.

A plea, beautiful in tone, for freedom in sex-relations. “The narrow physical passion of jealousy, the petty sense of private property in another person, social opinion, and legal enactments, have all converged to choke and suffocate wedded love in egoism, lust and meanness. The perfect union must have perfect freedom for its condition. Marriage must not be hampered by legal, conventional or economic considerations. Odious is the present law which binds people together for life, without scruple, and in the most artificial and ill-assorted unions. When mankind has solved the industrial problem so far that the products of our huge mechanical forces have become a common heritage, and no man or woman is the property slave of another, human unions will take place according to their own inner and true laws. The family will expand into the fraternity and communism of all society, losing its definition of outline, and merging with the larger social groups in which it is embedded.”

Wells, H. G. New worlds for old. New York: The Macmillan Company, 1908, pp. vii, 333.

Contains a good chapter on “Would socialism destroy the home ?” Shows the thorough failure of the present order to maintain home and social purity and to rear children. Advises strict state regulation of marriage. “Children must not be casually born; their parents must be known and worthy, that is to say, there must be deliberation in begetting children, marriage under conditions.”

Wells, H. G. A modern utopia. New York: Charles Scribner’s Sons, 1907, pp. xi, 392.

Contains a good chapter on “Women in a modern utopia.” “For the marriage contract the socialist state will define in the completest fashion what things a man or woman may be bound to do, and what they cannot be bound to do. Marriage is the union of a man and woman in a manner so intimate as to in volve the probability of offspring, and it is of primary importance to the state, first in order to secure good births, and secondly good home conditions, that these unions should not be free, nor promiscuous, nor practically universal throughout the adult population.”

Pearson, Karl. The ethic of freethought. A selection of essays and lectures. New York: The Macmillan Company, 1888, pp. 446. [Second edition, revised 1901]

The subject is well discussed in the two chapters, “The woman’s question” and “Socialism and sex.” “Such, then, seems to me the socialistic solution of the sex-problem: complete freedom in the sex-relationship left to the judgment and taste of an economically equal, physically trained and intellectually developed race of men and women; state interference if necessary in the matter of child-bearing, in order to preserve intersexual independence on the one hand, and the limit of efficient population on the other.”

Stetson, Charlotte Perkins. Women and economics. A study of the economic relation between men and women as a factor in social evolution. Boston: Small, Maynard & Co., 1898, pp. vii, 340.

Finds in the economic dependence of woman the cause of most of the evils of society. Sexuo-economic specialization has made of woman a slave, and this has reacted on man for ill. With the attainment of full economic independence by woman will come her freedom from domestic servility in its various forms.

Bax, Ernest Belfort. Outlooks from the new standpoint. London: Swan, Sonnenschein & Co., 1891, pp. x, 203. [Third edition, 1903]

“Many people take refuge in deliciously vague declamation on the nobility, on the loftiness, of the ideal which handcuffs one man and one woman together for life. We cannot see exactly where the nobility and the loftiness come in. The mere commonplace man, if left to himself, would probably think that it rested entirely upon circumstances, upon character, temperament, etc., whether the perpetual union of two persons was desirable. Socialism will strike at the root at once of compulsory monogamy and of prostitution by inaugurating an era of marriage based on free choice and intention, and characterized by the absence of external coercion. Monogamic marriage and prostitution are both based essentially on commercial considerations. The one is purchase, the other hire. The only really moral form of the marriage relation is based neither on sale nor hire.”

Bax, Ernest Belfort. Essays in socialism, new and old. London: E. Grant Richards, 1906, pp. x, 336.

Contains several able chapters on the woman question, very interesting on account of their strong denunciation of the common socialist espousal of the “Woman’s Rights” cause. Maintains that in nearly all matters there is a strong sex-prejudice against the man because he is man and in favor of the woman because she is woman. Woman is steeped in sex prerogative. Socialism demands relative economic and social equality between the sexes, but not female privilege and female domination, — the real demands of the clamorers for “Woman’s Rights.” After the class-struggle has passed away, the sex question will probably become more burning, and will be the first question that the socialist state will have to solve. “If social democrats allow themselves to be caught by the feminist fallacy, they are only injuring their own cause.”

B. Adverse Criticisms of the Socialist Attitude

The following books contain good chapters setting forth and criticising adversely socialists’ teachings concerning the family.

Barker, J. Ellis. British socialism. An examination of its doctrines, policy, aims and practical proposals. New York: Charles Scribner’s Sons, 1908, pp. vi, 522.
London Municipal Society. The case against socialism. A handbook for speakers and candidates. Second edition. London: George Allen & Sons, 1910, pp. vii, 537.
Goldstein, David. Socialism: the nation of fatherless children. Edited by Martha Moore Avery. Boston: The Union News League, 1903, pp. x, 374.

 

II. SOCIALISM AND RELIGION

A. Books maintaining that Socialism and Religion are essentially Hostile to Each Other

Hartman, Edward Randolph. Socialism versus Christianity. New York: Cochrane Publishing Company, 1909, pp. vi, 263.

A careful comparison of the principles and promises of socialism with the teachings of Scripture and the principles of Christianity. The author always sticks closely to his subject and accomplishes the thorough contrast which he set out to make. He maintains that in many essential matters socialism is diametrically opposed to the principles of Christianity.

Barker, J. Ellis. British socialism. An examination of its doctrines, policy, aims and practical proposals. New York: Charles Scribner’s Sons, 1908, pp. vi, 522.

Contains a chapter showing the hostility of socialism towards Christianity.

London Municipal Society. The case against socialism. A handbook for speakers and candidates. Second edition. London: George Allen & Sons, 1910, pp. vii, 537.

Contains a chapter giving quotations from many socialists to show their opposition to, and contempt for, religion and the church.

Flint, Robert. Socialism. Philadelphia: J. B. Lippincott & Co., 1895, pp. vii, 512.

Devotes a long and very able chapter to a consideration of socialism and religion. Gives a thorough exposition of the attitude of the socialist leaders towards religion, and maintains that socialism and Christianity are natural opponents.

Stang, William. Socialism and Christianity. New York: Benziger Brothers, 1905, pp. 207.

An able attack on socialism by a bishop of the Roman Catholic Church. Discusses the character and aims of socialism, advocates social reform but not socialism, and portrays the Catholic movement in behalf of social reform.

Ashton, John. Socialism and religion. (Tract No. 9 in Vol. LXVIII of the “Publications of the Catholic Truth Society”). London: Catholic Truth Society, 1908, pp. 32.

“The Catholic Church sees that socialism strikes at the roots of man’s moral freedom; that it dechristianizes the working man; that it would confiscate her churches and secularize her schools; that it would destroy the Christian family and substitute a materialistic philosophy for her doctrine of the supernatural.”

Goldstein, David. Socialism: the nation of fatherless children. Edited by Martha Moore Avery. Boston: The Union News League, 1903, pp. x, 374.

Maintains that atheism is not a mere personal opinion of some socialists, but the bed rock of socialist philosophy. The author has made a thorough canvass of socialist literature, and has brought together the socialist utterances that bear on religion. He maintains that atheistic forces take political form in socialism, and necessitate a closer association of those organizations which stand for the propagation and enforcement of religious law.

Hall, Thomas C. Socialism as a rival of organized Christianity. In The North American Review, Vol. CLXXVIII, June, 1904, pp. 915-926.

“Modern Protestantism is woefully ignorant of its most formidable rival. The Catholic Church has been painfully awakened in France, Belgium and Italy. Protestantism awaits its awakening.”

B. Christian Socialism

Kaufmann, Moritz. Christian socialism. London: Kegan Paul, Trench & Co., 1888, pp. xviii, 232.

A splendid discussion of Christian socialism in France, England and Germany. It desires to show that an intimate connection exists between socialism in the best sense of the word and Christian philanthropy. While maintaining that there is genuine kinship between Christianity and socialism, the author acknowledges certain lines of demarcation and devotes an interesting chapter to a consideration of “Unchristian Socialism.”

Stubbs, Charles William. Charles Kingsley and the Christian social movement. London: Blackie & Son, 1904, pp. viii, 199.

Gives a very interesting sketch of the early Christian socialist movement, in especial connection with the life of Kingsley, and shows the great influence of that theologian upon later developments of church life and thought.

Woodworth, Arthur V. Christian socialism in England. New York: Charles Scribner’s Sons, 1903, pp. viii, 208.

Traces the historical development of Christian socialism from its origin under Maurice and Kingsley to its present form in the Christian Social Union and shows the connection between the two. Contains a good bibliography of Christian socialism from earliest times to 1900.

Nitti, Francesco S. Catholic socialism. Translated from the second Italian edition by Mary Mackintosh. With an introduction by David G. Ritchie. New York: The Macmillan Company, 1908, pp. xx, 432.

A very learned statement of the theories of the Catholic socialists of Germany, Austria, Switzerland, France, Belgium, England, Spain, Italy and America. It shows how “Catholic socialism, while unlike the other systems of socialism it seeks to reform society in the name of God, does not on that account seek to modify it any the less profoundly.” The discussion is sympathetic yet impartial.

Campbell, R. J. Christianity and the social order. New York: The Macmillan Company, 1907, pp. xiii, 284.

The author believes that the socialist movement represents a return to the primitive Christian evangel, freed from its limitations and illusions, and is destined to rescue the true Christianity from ecclesiasticism in its various forms. The main purpose of the book is to show that the practical aims which primitive Christianity set out to realize are nearly identical with those of modern socialism.

Gladden, Washington. Christianity and socialism. New York: Eaton & Mains, 1905, pp. 244.

Aims to bring Christianity and socialism “into more intelligible and more friendly relations.”

Ward, William. Religion and labour. London: Edwin Dalton, 1907, pp. 188.

An able and interesting argument, based on Christianity, for nearly all the ends desired by the socialist.

Sprague, Philo W. Christian socialism. What and why. New York: E. P. Dutton & Co., 1891, pp. vi, 204.

Sets out to answer (1) what is socialism, (2) what are the causes of socialism, (3) what is the relation of Christianity to socialism, and (4) how can the great social and economic changes involved in socialism be gradually brought about by just and orderly methods.

Davidson, J. Morrison. The gospel of the poor. London: William Reeves, 1894, pp. viii, 162.

A powerful combination of scriptural quotations and economic statistics.

Publications of the Christian Social Union (formerly the Church Social Union). Boston: Office of the Secretary, The Diocesan House, 1 Joy Street.

Upwards of sixty pamphlets have been published. A good many of these are very valuable from the standpoint of Christian socialism. As among the best may be mentioned the following: [No. 26] “Christian Socialism,” by Frederick Denison Maurice; “The Church and Scientific Socialism,” by James T. Van Rensselaer; “The Christian Law,” by Brooke Foss Westcott; and [No. 30] “Christian Socialism and the Social Union,” by George Hodges.

 

Source: Teachers in Harvard University, A Guide to Reading in Social Ethics and Allied Subjects, Lists of Books and Articles Selected and Described for the Use of General Readers. Cambridge, Mass.: Harvard University, 1910, pp. 174-182.

Categories
Bibliography Fields Harvard

Harvard. Short Bibliography of Strikes and Boycotts for “Serious-minded Students”, Ripley, 1910

 

Strikes and Boycotts are the subjects  covered in the brief 1910 bibliography provided by Professor William Z. Ripley, and transcribed below along with links to digital copies of the items found at archive.org, hathitrust.org, as well as at other on-line archives.

In 1910 Harvard published 43 short bibliographies covering “Social Ethics and Allied Subjects”, about half of which were dedicated to particular topics in economics and economic sociology. The project was coordinated by Plummer Professor of Christian Morals, Francis G. Peabody.

Previously posted bibliographies from Peabody’s “Social Ethics and Allied Subjects”:

Economic Theory by Professor Frank Taussig

Taxation by Professor Charles J. Bullock

Trade Unionism by Professor William Z. Ripley

Social Insurance by Dr. Robert Franz Foerster

Economics of Socialism by Professor Thomas Nixon Carver

_____________________________

From the Prefatory Note:

The present list represents an attempt to make this connection between the teaching of the University and a need of the modern world. Each compiler has had in mind, not a superficial reader, nor yet a learned scholar, but an intelligent and serious-minded student, who is willing to read substantial literature if it be commended to him as worth his while and is neither too voluminous nor too inaccessible. To such an inquirer each editor makes suggestions concerning the contents, spirit or doctrine of a book, not attempting a complete description or a final judgment, but as though answering the preliminary question of a student, “What kind of book is this?” The plan thus depends for its usefulness on the competency of the editors concerned, and each editor assumes responsibility for the section to which his name is prefixed.

Source: Prefatory Note by Francis G. Peabody. A Guide to Reading in Social Ethics and Allied Subjects, Lists of Books and Articles Selected and Described for the Use of General Readers. Cambridge, Mass.: Harvard University, 1910, p. vi.

_____________________________

IV.8. STRIKES AND BOYCOTTS
WILLIAM Z. RIPLEY

Most of the general treatises on trades unions (q. v.) devote much attention to the subject of strikes. There are few books devoted solely to the subject. Among the best references, including some of those already in the list of references under Trade Unionism, are the following:

Adams, Thomas S., and Sumner, Helen L. Labor problems. New York: The Macmillan Company, 1905, pp. 175-212, with bibliographical notes.
Commons, John R., editor. Trade unionism and labor problems. Boston: Ginn & Company, 1905, pp. xiv, 628.
Gilman, Nicholas Paine. Methods of industrial peace. Boston: Houghton, Mifflin Company, 1904, pp. x, 436.
Nicholson, Joseph Shield. Strikes and social problems. London: A. & C. Black, 1896, pp. viii, 238.
Hall, Fred S. Sympathetic strikes and sympathetic lock-outs. Columbia University Studies in History, Economics and Public Law, 1898, pp. 118.

A valuable study of a perplexing sort of conflict. Also bibliography.

Howell, George. The conflicts of labor and capital. Second and revised edition. London: Macmillan & Co., 1890, pp. xxxvi, 536.
Adams, Thomas S. Violence in labor disputes. Publications of the American Economic Association (February), 1906, pp. 176-218.

Strike statistics are now compiled by all the leading countries of the world. The official reports are currently reported and reviewed in the Bulletins of the United States Bureau of Labor.
The best discussion of the facts is found in the following references:

Hanger, G. W. W. Strikes and lockouts in the United States, 1881-1900. Bulletin of the United States Bureau of Labor, No. 54.
Farnam, Henry W. The quantitative study of the labor movement. Publications of the American Economic Association (February), 1906, pp. 160-175.
Cross, Ira. Strike statistics. Publications of the American Statistical Association, No. 82, 1908, pp. 169-194.

The law relating to industrial conflicts is fully discussed in the “Final report of the United States Industrial Commission” (Washington, 1902). The development of the law of conspiracy is discussed in the “Johns Hopkins University Studies in Historical and Political Science” (1909). Other references will be found [in the other Ripley bibliography] under the legal aspects of Trade Unionism.

The use of injunctions in labor disputes is technically discussed in John R. Commons’ “Trade unionism and labor problems” (p. 156), with many further references. A special issue of the “Studies of the American Economic Association” in 1893 gives a fair account. Consult also the “Final report of the United States Industrial Commission” and the “Report of the Massachusetts Commission on Relations of Employer and Employed,” 1904, p. 58.

The illuminating Australian experience is best treated by Dr. Victor S. Clark in his “Labour Movement in Australasia” (New York, 1906); as also by D. Knoop, “Industrial conciliation and arbitration” (London, 1905).

Canadian experience under the new Industrial Disputes Act is described by Dr. Victor S. Clark in Bulletins Nos. 76 and 86, United States Bureau of Labor, 1908 and 1910; and by Dr. Adam Shortt in Publications of the American Economic Association, Proceedings of the Twenty-first Annual Meeting, 1908, pp. 158-177.

 

Source: Teachers in Harvard University, A Guide to Reading in Social Ethics and Allied Subjects, Lists of Books and Articles Selected and Described for the Use of General Readers. Cambridge, Mass.: Harvard University, 1910, pp. 186-187.

Image Source: Harvard University Archives. William Zebina Ripley [photographic portrait, ca. 1910], J. E. Purdy & Co., J. E. P. & C. (1910).

Categories
Bibliography Harvard Socialism Suggested Reading

Harvard. Short Bibliography of the Economics of Socialism for “Serious-minded Students”, Carver, 1910

 

In 1910 Harvard published 43 short bibliographies covering “Social Ethics and Allied Subjects”, about half of which were dedicated to particular topics in economics and economic sociology. The project was coordinated by Plummer Professor of Christian Morals, Francis G. Peabody.

The Economics of Socialism  is one such “allied subject” covered in the bibliography provided by Professor Thomas Nixon Carver, and transcribed below along with links to digital copies of the items found at archive.org, hathitrust.org, as well as at other on-line archives.

Previously posted bibliographies from “Social Ethics and Allied Subjects”:

Economic Theory by Professor Frank Taussig

Taxation by Professor Charles J. Bullock

Trade Unionism by Professor William Z. Ripley

Social Insurance by Dr. Robert Franz Foerster

_____________________________

From the Prefatory Note:

The present list represents an attempt to make this connection between the teaching of the University and a need of the modern world. Each compiler has had in mind, not a superficial reader, nor yet a learned scholar, but an intelligent and serious-minded student, who is willing to read substantial literature if it be commended to him as worth his while and is neither too voluminous nor too inaccessible. To such an inquirer each editor makes suggestions concerning the contents, spirit or doctrine of a book, not attempting a complete description or a final judgment, but as though answering the preliminary question of a student, “What kind of book is this?” The plan thus depends for its usefulness on the competency of the editors concerned, and each editor assumes responsibility for the section to which his name is prefixed.

Source: Prefatory Note by Francis G. Peabody. A Guide to Reading in Social Ethics and Allied Subjects, Lists of Books and Articles Selected and Described for the Use of General Readers. Cambridge, Mass.: Harvard University, 1910, p. vi.

_____________________________

IV.5. THE ECONOMICS OF SOCIALISM
THOMAS NIXON CARVER

I. UTOPIAS

Plato. The republic.

A dialogue on justice, in which the philosopher pictures an ideal state.

 

More, Sir Thomas. Utopia, 1516.

A description of an ideal commonwealth, supposed to have been discovered on the coast of South America by one of the followers of Americus Vespucius.

 

Bacon, Sir Francis. New Atlantis, 1629.

A fragment.

 

Campanella, Tommaso. The city of the sun, 1637.

A highly idealistic picture, sufficiently divorced from all appearances of reality to render it harmless.

 

Cabet, Étienne. Voyage en Icarie, 1840.

Of special interest to Americans because the author led a group of colonists to the United States and established there a communistic society, first at Nauvoo, Ill., and later at Icaria, near Corning, Ia.

 

Gronlund, Laurence. A coöperative commonwealth; an exposition of modern socialism. Fourth edition, London: Swan, Sonnenschein & Co., 1892, pp. 265. [First edition, 1884.]

The first of a large crop of recent utopian works.

 

Bellamy, Edward. Looking backward, 2000-1887. Boston: Houghton, Mifflin Company, 1888, pp. 470.

The most widely read in America of all the utopian works.

 

Morris, William. News from nowhere, or an epoch of rest; being some chapters from a utopian romance. London: Reeves & Turner, 1890, pp. 238.

Probably the most hopelessly idealistic of all such works.

 

Wells, Herbert George. A modern utopia. New York: Charles Scribner’s Sons, 1907, pp. xi, 393.

Probably the only utopian work since Plato’s “Republic” which frankly recognizes the population problem and tries to deal with it.

 

II. COMMUNISTIC EXPERIMENTS

Noyes, John H. History of American socialisms. Philadelphia: J. B. Lippincott & Co., 1870, pp. vi, 678.

The author was the founder of the Oneida community. He had put into his hands for editing and publication the manuscript of A. J. MacDonald, who had made a personal investigation of every communistic society then known to exist on American soil.

 

Nordhoff, Charles. The communistic societies of the United States from personal visit and observation; including detailed accounts of the Economists, Zoarites, Shakers, the Amana, Oneida, Bethel Aurora, Icarian and other existing societies, their religious creeds, social practices, numbers, industries and present conditions. New York: Harper & Brothers, 1875, pp. 439.

 

Hinds, William A. American communities. Revised edition. Chicago: Charles H. Kerr & Co., 1908, pp. 562.

The latest and most authentic account of all the known communistic societies in America.

 

Codman, John T. History of the Brook Farm; historic and personal memoirs. Boston: Arena Publishing Company, 1894, pp. viii, 335.

 

Shaw, Albert. Icaria. New York: G. P. Putnam’s Sons, 1884, pp. ix, 219.

Written before the break-up of the Icarian community, from personal investigation and inspection.

 

Landis, George B. The society of the Separatist of Zoar, annual report of the American Historical Association, 1898. Washington: Government Printing Office, 1899, pp. 163-221.

Written just before the disintegration of the Zoar society, from personal investigation and observation.

 

III. HISTORY OF SOCIALISTIC DOCTRINES

Ely, Richard T. French and German socialism. New York: Harper & Brothers, 1883, pp. 274.

The most readable account in English of the development of socialistic thought in continental Europe since the French revolution.

 

Rae, John. Contemporary socialism. Third enlarged edition. New York: Charles Scribner’s Sons, 1901, pp. 568.

This work brings the subject down to a later period than does Ely’s account. It is also a more voluminous treatment.

 

Peixotto, Jessica. The French revolution and modern French socialism. New York: T. Y. Crowell & Co., 1901, pp. XV, 409.

Perhaps the most discriminating comparison of the two schools of socialism in France, where the dominant school would scarcely be recognized as socialistic by American and German socialists.

 

Hillquit, Morris. History of socialism in the United States. New York: Funk & Wagnalls Co., 1903, pp. 371.

An exceedingly laudatory account, but instructive nevertheless.

 

Guthrie, William B. Socialism before the French revolution. New York: The Macmillan Company, 1907, pp. xviii, 339.

A review of socialistic thought from Thomas More to the radicals of the French revolution.

 

Stoddart, Jane T. The new socialism. New York: George H. Doran Company, 1910, pp. 271.

Rather discursive, but gives a good idea of the present tendency of socialistic thought.

 

IV. IN ADVOCACY OF SOCIALISM

Laveleye, Émile De. The socialism of to-day. Translated by Goddard H. Orpen. London: Field & Iver (1884), pp. viii, 331.

Includes under socialism a great deal which the Marxian socialist would reject.

 

Marx, Karl. Capital, a critical analysis of capitalist production. Translated by Samuel Moore and Edward Aveling. London: Swan, Sonnenschein & Co., 1889, pp. xxxi, 816.

The “bible of socialism.”

 

Marx, Karl, and Engels, Frederick. The communist manifesto. New York: Socialist Co-operative Publishing Association, 1901, pp. 46.

The beginning of the present type of socialist propaganda.

 

Shaw, G. Bernard, editor. Fabian essays in socialism. London: Walter Scott (1890), pp. 233.

A series of essays by such writers as G. Bernard Shaw, Annie Besant, Graham Wallas and others.

 

Engels, Frederick. Socialism, utopian and scientific. Translated by Edward Aveling. New York: Charles Scribner’s Sons, 1892, pp. xxxix, 117.

By scientific socialism is meant the socialism of Karl Marx and his followers.

 

Bernstein, Edward. Ferdinand Lassalle. Translated by Eleanor Marx Aveling. New York: Charles Scribner’s Sons, 1893, pp. xiv, 192.

The author is the leader of the “higher critics” of the socialist school in Germany, which rejects much of the Marxian theory, while adhering to the social democratic program.

 

Bliss, W. D. P. A handbook of socialism. New York: Charles Scribner’s Sons, 1895, pp. viii, 291.

A collection of information about socialism. Apparently intended as a “campaign book” for socialist propagandists.

 

Hyndman, Henry M. The economics of socialism. Second edition. London, 1896, pp. 257.

An attempt to reconstruct the economic basis of socialism. The author’s economic theories are erroneous, but they illustrate very well the kind of reasoning upon which socialists base their claims.

 

Vandervelde, Émile. Collectivism and industrial evolution. Chicago: Charles H. Kerr & Co., 1904, pp. 199.

An excellent presentation, by a socialist of the more rational type, of the general theory of international socialism.

 

Spargo, John. Socialism. New York: The Macmillan Company, 1906, pp. xvi, 257.

Probably the most authoritative statement, in popular form, of the immediate aims of American socialism.

 

MacKaye, James. The economy of happiness. Boston: Little, Brown & Co., 1906, pp. xv, 533.

Probably the only socialistic work since Marx’ “Capital” which seriously tries to lay the foundations of socialism on the recognized principles of economics. As Marx tried to build on the economics of Ricardo, Mackaye tries to build on the economics of the modern school.

 

MacDonald, J. Ramsay. Socialism and government. London: T. C. and E. C. Jack, 1907, pp. vi, 107. [1909 Socialist Library: volume VIII(1) and volume VIII(2)]

Probably the best presentation of the actual working theory of Fabian or English socialism.

 

Wells, Herbert George New worlds for old. New York: The Macmillan Company, 1908, pp. vii, 333.

A daring and ingenious form of propagandism.

 

V. EXPOSITORY AND CRITICAL

Schäffle, Albert. The quintessence of socialism. Translated under supervision of Bernard Bosanquet. New: York: Charles Scribner’s Sons, 1902, pp. viii, 127.

Perhaps the most thorough-going criticism to be found, but not easy to read.

 

Schäffle, Albert. The impossibility of social democracy. New York: Charles Scribner’s Sons, 1892, pp. XX, 419.

This is a supplement to the “Quintessence of socialism.”

 

Ely, Richard T. Socialism: an examination of its nature, strength and weakness. New York: T. Y. Crowell & Co., 1894, pp. xiii, 449.

An eminently fair and sympathetic statement of the pros and cons.

 

Böhm-Bawerk, Eugen von. Karl Marx and the close of his system. Translated by H. M. Macdonald. New York: The Macmillan Company, 1898, pp. 221.

Shows very clearly that Marx built on an antiquated system of economics.

 

Gonner, Edward C. The socialist philosophy of Rodbertus. London: Macmillan & Co., 1899, pp. 234.

A sympathetic study, contrasting Rodbertus with Marx, to the advantage of the former.

 

Le Rossignol, James E. Orthodox socialism: a criticism. New York: T. Y. Crowell & Co., 1907, pp. vii, 147.

By “orthodox” socialism is meant the socialism of Karl Marx. The various tenets of the socialist creed are examined critically.

 

Source: Teachers in Harvard University, A Guide to Reading in Social Ethics and Allied Subjects, Lists of Books and Articles Selected and Described for the Use of General Readers. Cambridge, Mass.: Harvard University, 1910, pp. 167-173.

Image Source: Thomas Nixon Carver in the Harvard Class Album 1915.

Categories
Bibliography Harvard Policy Suggested Reading

Harvard. Short Bibliography of Social Insurance for “Serious-minded Students”, Foerster, 1910

 

In 1910 Harvard published 43 short bibliographies covering “Social Ethics and Allied Subjects”, about half of which were dedicated to particular topics in economics and economic sociology. The project was coordinated by Plummer Professor of Christian Morals, Francis G. Peabody.

Social Insurance  is one such “allied subject” covered in the bibliography provided by Dr. Robert Franz Foerster, instructor in social ethics who had recently been awarded his Harvard economics Ph.D., and transcribed below along with links to digital copies of the items found at archive.org, hathitrust.org, as well as at other on-line archives.

Previously posted bibliographies from “Social Ethics and Allied Subjects”:

Economic Theory by Professor Frank Taussig

Taxation by Professor Charles J. Bullock

Trade Unionism by Professor William Z. Ripley

_____________________________

From the Prefatory Note:

The present list represents an attempt to make this connection between the teaching of the University and a need of the modern world. Each compiler has had in mind, not a superficial reader, nor yet a learned scholar, but an intelligent and serious-minded student, who is willing to read substantial literature if it be commended to him as worth his while and is neither too voluminous nor too inaccessible. To such an inquirer each editor makes suggestions concerning the contents, spirit or doctrine of a book, not attempting a complete description or a final judgment, but as though answering the preliminary question of a student, “What kind of book is this?” The plan thus depends for its usefulness on the competency of the editors concerned, and each editor assumes responsibility for the section to which his name is prefixed.

Source: Prefatory Note by Francis G. Peabody. A Guide to Reading in Social Ethics and Allied Subjects, Lists of Books and Articles Selected and Described for the Use of General Readers. Cambridge, Mass.: Harvard University, 1910, p. vi.

_____________________________

IV.13. SOCIAL INSURANCE
ROBERT F. FOERSTER

[Note: items in square brackets have been added
by the curator of Economics in the Rear-view Mirror]

In this section are comprised works upon those measures, usually public but not always technically insurance, which aim to protect the working classes from the economic consequences of sickness, accident, invalidity and old age. Ways of meeting the problem of unemployment, though in part logically finding a place here, are for special reasons treated in a separate section. The importance, in this connection, of such titles described under Thrift Institutions as Henderson’s “Industrial insurance in the United States” and the report by the United States Commissioner of Labor on “Workmen’s insurance and benefit funds in the United States” is obvious.

 

I. GENERAL

United States Library of Congress. Select list of references on workingmen’s insurance. Washington: Government Printing Office, 1908, pp. 28.

A helpful compilation.

 

Zacher, Georg, editor. Die Arbeiterversicherung im Auslande. Berlin: A. Troschel, 1898 –.

This, the most valuable work of reference on social insurance, is a collection of historical and descriptive monographs for all important countries, except Germany, published at intervals since 1898. Each volume discusses the results of laws, contains a special bibliography, and prints the texts of laws both in the original language and in German. As significant changes have occurred, supplementary volumes have been added.

[Erster Band (1900). Heft 1-12: Dänemark, Schweden, Norwegen, Frankreich, England, Italien, Oesterreich, Ungarn, Russland, Finland, Schweiz, Belgien.]

[Heft XVII. Charles Richmond Henderson, Die Arbeiterversicherung in den Vereinigten Staaten von Nord-Amerika (1907)]

 

Bellom, Maurice. Les lois d’assurance ouvrière à l’étranger. 10 vols. Paris: Arthur Rousseau, 1892-1909.

A compilation second in importance only to Zacher, but different in procedure and omitting France. Like Zacher, it supplies historical and descriptive matter and texts, but instead of treating each country independently, it discusses, in one volume, sickness insurance; in six, accident insurance; in two, invalidity and old-age insurance; and in a supplementary volume, published four years after its predecessor, describes recent changes and additions.

[I. Assurance contre maladie (1892)]

[II. Assurance contre les accidents: 1ème parti (1895); 2ème partie (1896); 3ème partie (1900); 4ème partie (1901); 5ème partie (1903)]

[III. Assurance contre l’invalidité, 1ère partie (1905)]

 

Congrès Internationaux [des Accidents du Travail et] des Assurances Sociales. Publications. Paris: 1890.

The international congress has usually been held triennially, since 1889, and its proceedings, including many important papers, have been published in French and German.

[Paris (1889) Volume I; Volume II; Berne (1891); Milan (1894) Volume I, Volume II; Bruxelles (1897); Paris (1900), Volume I; Düsseldorf (1902); Vienne (1905), Volume I, Volume II; Rome (1908); Washington (1915)]

The quarterly Bulletin of the Congress, published by the Comité Permanent (Paris: Arthur Rousseau), is the best current source of information on all branches of social insurance. It includes texts of bills and laws, and able discussions.

 

Willoughby, William Franklin. Workingmen’s insurance. New York: T. Y. Crowell & Co., 1898, pp. xii, 386.

This volume, dealing mainly with European plans, can still, despite the great extension of insurance since its appearance, reliably be used for an understanding of the earlier developments.

 

United States. Fourth Special Report of the Commissioner of Labor. Compulsory insurance in Germany. Prepared by John Graham Brooks. Washington: Government Printing Office, 1893, pp. 370. [Revised Edition, 1895]

Although important amendments have been enacted and fresh experience gained since this volume was written, it is still one of the most useful accounts in English of the origin, nature and problems of social insurance in Germany.

 

Lass, Ludwig, and Zahn, Friedrich. Einrichtung und Wirkung der deutschen Arbeiterversicherung. Dritte Ausgabe. Berlin: A. Asher, 1904, ix, 274 S.

Probably the best non-technical exposition of the nature, operation and effects of the German insurance plan. Though the work is semi-official, and its tone laudatory and defensive, the arguments are skillfully chosen, well put and persuasive.

 

Pinkus, N. Workmen’s insurance in Germany. Yale Review, February, 1904, pp. 372-389; May, 1904, pp. 72-97; November, 1904, pp. 296-323; February, 1905, pp. 418-434.

Discusses the principles and effects of German insurance.

 

Farnam, Henry W. The psychology of German workmen’s insurance. Yale Review, May, 1904, pp. 98-113; February, 1905, pp. 435-438.

Argues that insurance has not made the workman better disposed to state or employer and has reduced his self-reliance.

 

Taussig, F. W. Workmen’s insurance in Germany: some illustrative figures. Quarterly Journal of Economics, November, 1909, pp. 191-194.

Measures the employers’ burden.

 

Seager, Henry Rogers. Social insurance: A program of social reform. New York: The Macmillan Company, 1910, pp. v, 175.

An attractive statement, in simple terms, of the principles of social insurance, with special reference to American needs.

 

Lewis, Frank. State insurance. Boston: Houghton, Mifflin Company, 1909, pp. 233.

An argument for compulsory insurance; good in its exposition of the German plan, questionable in its economic logic.

 

Kennedy, James B. Beneficiary features of American trade unions. Baltimore: The Johns Hopkins Press, 1908, pp. 128.

A concise study, based on original sources. Only national and international unions are considered.

 

Weyl, Walter E. Benefit features of British trade unions. United States Bureau of Labor, Bulletin No. 64, May, 1906, pp. 699-848.

A history and description, with statistical results.

 

II. INDUSTRIAL ACCIDENTS AND DISEASE

Hoffman, Frederick L. Industrial accidents. United States Bureau of Labor, Bulletin No. 78, September, 1908, pp. 417-465.

Discusses the frequency of accidents in the more dangerous occupations.

 

Oliver, Thomas, editor. Dangerous trades. New York: E. P. Dutton & Co., 1902, pp. xxiii, 891.

Probably the best available volume in its field. The sixty chapters deal more generally with disease than accidents. Of a more popular character is the author’s later volume on “Diseases of occupations” (London: Methuen & Co., 1908, pp. vi, 427).

 

Andrews, John B. Phosphorus poisoning in the match industry of the United States. United States Bureau of Labor, Bulletin No. 86, January, 1910, pp. 31-146.

 

Sommerfeld, Th., and others. List of industrial poisons. United States Bureau of Labor, Bulletin No. 86, January, 1910, pp. 147-168.

Two good additions to the literature on industrial disease.

 

Foreign Workmen’s Compensation Acts, Summary of. United States Bureau of Labor, Bulletin No. 74, January, 1908, pp. 121-143.

A compendious, classified statement of the enactments of twenty-two countries, convenient at once for a rapid view of the legislation of one country and for international comparison.

 

McKitrick, Reuben. Accident insurance for workingmen (Comparative Legislation Bulletin No. 20). Madison: Wisconsin Library Commission, 1909, pp. 70.

The legal and financial principles of various forms of accident insurance clearly explained.

 

Aronson, V. R. The Workmen’s Compensation Act, 1906. London: T. Fisher Unwin, 1909, pp. 559.

“The object of this book is to present a complete view of the law of workmen’s compensation as contained in the Act of 1906, and in the decisions of the English and Scotch courts both prior and subsequent to that act” (preface, page 5). In this aim the book admirably succeeds; it is thorough, clear and, in its comparisons with the older acts, highly instructive.

 

Parker, Launcelot. The British Workmen’s Compensation Acts. United States Bureau of Labor, Bulletin No. 70, May, 1907, pp. 579-638.

A history of previous acts and an exposition, with the text, of the Act of 1906.

 

Clark, Lindley D. The legal liability of employers for injuries to their employees in the United States. United States Bureau of Labor, Bulletin No. 74, January, 1908, pp. 1-120.

An excellent statement of the American law.

 

Eastman, Crystal. Work-accidents and the law. (The Pittsburgh Survey.) New York: Charities Publication Committee, pp. xvi, 345.

An important study, by the secretary of the New York State Employers’ Liability Commission, of the causes of industrial accident in the Pittsburgh district, the operation of present liability laws, and the best method of reform. There are interesting appendices.

 

New York. Commission on employers’ liability. First report, March 19, 1910. Albany, 1910, pp. v, 271.

An able preliminary discussion of present difficulties and of remedies.

 

Wisconsin. Bureau of Labor and Industrial Statistics. Thirteenth biennial report. Part I: Industrial accidents and employer’s liability in Wisconsin. Madison, 1909, pp. 1-143. Fourteenth biennial report. Part II: Industrial accidents in Wisconsin. Madison, 1909, pp. 69-142.

These reports discuss conditions in Wisconsin, and foreign and American remedies, tried and proposed.

 

The State Coöperative Accident Insurance Fund of Maryland. United States Bureau of Labor, Bulletin No. 57, March, 1905, pp. 645-648.

History of an ill-conceived and ephemeral, but not uninstructive, American plan of state insurance. The text of the law appeared in Bulletin No. 45, pp. 406-408; the grounds of its unconstitutionality are set forth in Bulletin No. 57, pp. 689, 690.

 

III. INVALIDITY AND OLD AGE

Massachusetts. Report of the Commission on Old Age Pensions, Annuities and Insurance. Boston, 1910, pp. 409.

A comprehensive survey of existing systems, public and private, national and local. Issues are discussed with special reference to an American community; and a conclusion adverse to the institution of a state scheme for Massachusetts is reached.

 

Brandeis, Louis D. Massachusetts savings-bank insurance and pension system. Quarterly Publications of the American Statistical Association, March, 1909, pp. 409-416.

A brief exposition of an interesting voluntary scheme.

 

Sutherland, William. Old age pensions. London: Methuen & Co., 1907, pp. x, 227.

A concise critical description of the various plans proposed in England before the act of 1908, and a thoughtful discussion of the factors of the pension problem. In an appendix are reviewed the chief foreign systems. The book serves incidentally as a guide to the important Parliamentary papers on the subject.

 

Old Age Pensions: A collection of short papers. New York: The Macmillan Company, 1903, pp. 247.

Many of the articles are of general significance and are written by eminent students.

 

Source: Teachers in Harvard University, A Guide to Reading in Social Ethics and Allied Subjects, Lists of Books and Articles Selected and Described for the Use of General Readers. Cambridge, Mass.: Harvard University, 1910, pp. 203-209.

Image Source: Assistant Professor of Social Ethics, Robert Franz Foerster in Harvard Album 1920.

Categories
Bibliography Fields Harvard Suggested Reading

Harvard. Short Bibliography of Trade Unionism for “Serious-minded Students”, Ripley, 1910

 

 

In 1910 Harvard published 43 short bibliographies covering “Social Ethics and Allied Subjects”, about half of which were dedicated to particular topics in economics and economic sociology. The project was coordinated by Plummer Professor of Christian Morals, Francis G. Peabody.

Trade Unionism is the “allied subject” covered in the bibliography provided by Professor William Z. Ripley and transcribed below along with links to digital copies of the items found at archive.org, hathitrust.org, as well as at other on-line archives.

Previously posted bibliographies from “Social Ethics and Allied Subjects”:

Economic Theory by Professor Frank Taussig.

Taxation by Professor Charles J. Bullock.

_____________________________

From the Prefatory Note:

The present list represents an attempt to make this connection between the teaching of the University and a need of the modern world. Each compiler has had in mind, not a superficial reader, nor yet a learned scholar, but an intelligent and serious-minded student, who is willing to read substantial literature if it be commended to him as worth his while and is neither too voluminous nor too inaccessible. To such an inquirer each editor makes suggestions concerning the contents, spirit or doctrine of a book, not attempting a complete description or a final judgment, but as though answering the preliminary question of a student, “What kind of book is this?” The plan thus depends for its usefulness on the competency of the editors concerned, and each editor assumes responsibility for the section to which his name is prefixed.

Source: Prefatory Note by Francis G. Peabody. A Guide to Reading in Social Ethics and Allied Subjects, Lists of Books and Articles Selected and Described for the Use of General Readers. Cambridge, Mass.: Harvard University, 1910, p. vi.

_____________________________

IV.7. TRADE UNIONISM
WILLIAM Z. RIPLEY

Webb, Sidney and Beatrice. Industrial democracy. New edition in one volume. New York: Longmans, Green & Co., 1902, pp. lxii, 929.

The most elaborate and comprehensive treatise on the subject, sympathetic and yet well reasoned. Contains no descriptive matter of American conditions.

 

Webb, Sidney and Beatrice. History of trade unionism. New edition. New York: Longmans, Green & Co., 1902, pp. xxxiv, 558.

The best account of the struggle of the working classes for industrial rights. Confined to English experience.

 

Commons, John R., editor. Trade unionism and labor problems. Boston: Ginn & Company, 1905, pp. xiv, 628.

A collection of the most authoritative articles by specialists on every phase of the matter. Liberal and progressive in point of view.

 

Adams, Thomas S., and Sumner, Helen L. Labor problems. New York: The Macmillan Company, 1905, pp. xv, 579.

A convenient summary and text-book, with good bibliographical notes and references for further reading. Sympathetic and judicial in tone.

 

Ely, Richard T. The labor movement in America. New York: The Macmillan Company, 1905, pp. xvi, 399.

 

Reports of the United States Industrial Commission. Washington: Government Printing Office, 1900-02.

In Volumes XIV [Capital and Labor Employed in Manufactures and General Business], XV [Immigration and Education], XVII [Labor Organizations, Labor Disputes, and Arbitration and on Railroad Labor] and XIX [Final Report] will be found the largest collection of original material ever made in America. The testimony of workmen and employers is critically summarized in the “Final Report” in Volume XIX. This report in itself is a comprehensive and fair treatise on the subject. In Volume XVII the history of American unionism is fully set forth.

 

Johns Hopkins University Studies in Historical and Political Science. Baltimore: Johns Hopkins University Press, 1906—.

A series of monographs by specialists affords the most reliable account of various phases of the movement. Among these papers especially valuable are: J. B. Kennedy’s “The beneficiary features of American trades unions” (November — December, 1908), and A. M. [Aaron Morton] Sakolski’s “The finances of American trades unions” (March — April, 1906).

______________

The legal aspects of trade unionism are discussed in the “Reports of the United States Industrial Commission” [e.g. Volume V Labor Legislation] and in the following special articles:

Seager, Henry R. The legal status of trade unionism in the United Kingdom, with conclusions applicable to the United States. Political Science Quarterly, Vol. XXII, 1907, pp. 611-629.

Wyman, Bruce. The maintenance of the open shop. The Green Bag (January), 1905, pp. 21-29.

Clark, Lindley D. The present legal status of organized labor in the United States. Journal of Political Economy, Chicago (March), 1905, pp. 173-200.

Collective bargaining is best treated technically in the “Reports of the United States Industrial Commission,” and in the following monographs:

Hilbert, F. W. Trade agreements in the United States. [sic, probably Trade-Union Agreements in the Iron Molders’ Union] Baltimore: Johns Hopkins University Press, 1906. [Note: Frederick William Hilbert died February 17, 1906.]

Schaffner, Margaret A. The labor contract from industrial to collective bargaining. Bulletin of the University of Wisconsin, No. 182 (December), 1907, pp. 182.

Ashley, Wm. James. The adjustment of wages. New York: Longmans, Green & Co., 1903, pp. 362.

 

The policy of trade unions respecting restriction of output is admirably described with a wealth of material from England and the United States in the “Eleventh special report of the United States Bureau of Labor” (Washington, 1904).

Statistics of the growth of trades unionism all over the world are currently published by the New York State Bureau of Labor. The results are summarized by W. Z. Ripley in the World’s Work for November, 1903, and brought down to date in the Quarterly Journal of Economics, May, 1910.

 

Source: Teachers in Harvard University, A Guide to Reading in Social Ethics and Allied Subjects, Lists of Books and Articles Selected and Described for the Use of General Readers. Cambridge, Mass.: Harvard University, 1910, pp. 183-185.

Image Source: Harvard University Archives. William Zebina Ripley [photographic portrait, ca. 1910], J. E. Purdy & Co., J. E. P. & C. (1910). .

 

 

 

Categories
Bibliography Fields Harvard Suggested Reading

Harvard. Short Bibliography of Taxation for “Serious-minded Students”, Bullock, 1910

 

 

In 1910 Harvard published 43 short bibliographies covering “Social Ethics and Allied Subjects”, about half of which were dedicated to particular topics in economics and economic sociology. The project was coordinated by Plummer Professor of Christian Morals, Francis G. Peabody.

Taxation is the “allied subject” covered in the bibliography provided by Professor Charles J. Bullock and transcribed below along with links to digital copies of the items found at archive.org, hathitrust.org, as well as at other on-line archives.

Previously posted bibliographies from “Social Ethics and Allied Subjects”:

Economic Theory by Professor Frank Taussig.

_____________________________

From the Prefatory Note:

The present list represents an attempt to make this connection between the teaching of the University and a need of the modern world. Each compiler has had in mind, not a superficial reader, nor yet a learned scholar, but an intelligent and serious-minded student, who is willing to read substantial literature if it be commended to him as worth his while and is neither too voluminous nor too inaccessible. To such an inquirer each editor makes suggestions concerning the contents, spirit or doctrine of a book, not attempting a complete description or a final judgment, but as though answering the preliminary question of a student, “What kind of book is this?” The plan thus depends for its usefulness on the competency of the editors concerned, and each editor assumes responsibility for the section to which his name is prefixed.

Source: Prefatory Note by Francis G. Peabody. A Guide to Reading in Social Ethics and Allied Subjects, Lists of Books and Articles Selected and Described for the Use of General Readers. Cambridge, Mass.: Harvard University, 1910, p. vi.

_____________________________

II. 3. TAXATION
Charles J. Bullock

Adams, Henry Carter.The science of finance. New York: Henry Holt & Co., 1889, pp. xiii, 573.

Treats of the principles of taxation and of national and local taxation in the United States.

 

Addresses and Proceedings of the Annual Conferences of the International Tax Association. [Conferences on State and Local Taxation. TheAssociation changed name from “National Tax Association” to “International Tax Association” in 1907.]

The International Tax Association, Columbus, Ohio. Valuable collections of papers by recognized experts on current problems in American taxation.

[First National Conference (1907); Second International Conference (1908); Third International Conference (1909); Fourth International Conference (1910)]

 

Bastable, Charles Francis. Public finance. Third revised edition. New York: The Macmillan Company, 1903, pp. xxiv, 780.

Particularly valuable for its treatment of European tax systems and useful for its discussion of the principles of taxation.

 

Bullock, Charles J., editor. Selected readings in public finance. Boston: Ginn & Company, 1906, pp. viii, 671. [Second edition, 1920]

Contains selections from a considerable number of works on finance and taxation.

 

Ely, Richard T., and Finley, J. H. Taxation in American states and cities. New York: T.Y. Crowell & Co., 1888, pp. XX, 544.

A pioneer work in American taxation, based upon the author’s investigations as member of the Maryland Tax Commission.

 

Fillebrown, Charles Bowdoin. The A B C of taxation. New York: Doubleday, Page & Co., 1909, pp. ix, 229.

A brief and interesting presentation of single-tax doctrine by a successful man of affairs.

 

Howe, Frederic C. Taxation and taxes in the United States under the internal revenue system. New York: T.Y. Crowell & Co., 1896, pp. xiv, 293.

A valuable history of the internal taxes levied by our federal government.

 

Means, David MacGregor. The methods of taxation. New York: Dodd, Mead & Co., 1909, pp. xi, 380.

Valuable on the critical rather than the constructive side.

 

Mill, John Stuart. Principles of political economy. London, 1848; [7th ed. of 1870] edited with an introduction by W. J. Ashley. New York: Longmans, Green & Co., 1909, pp. liii, 1013.

The chapters of the fifth book that deal with taxation are worthy of careful study.

 

Rowntree, Joseph, and Sherwell, Arthur. The taxation of the liquor trade. New York: The Macmillan Company, 1906, pp. xxii, 537. [Second edition, 1908]

Has special reference to English conditions, but treats of the taxation of the liquor trade in the United States.

 

Seligman, E. R. A. Essays in taxation. Third edition. New York: The Macmillan Company, 1900, pp. 434. [Ninth edition, 1921]

Contains important essays upon the general property tax, corporation taxes, the inheritance tax, betterment taxes, etc.

 

Seligman, E. R. A. Progressive taxation in theory and practice. Second revised edition. New York: The Macmillan Company, 1909, pp. v, 334.

A valuable critical survey of theories, ancient and modern; considers also the legislation of various countries.

 

Shearman, T. G. Natural taxation. New edition. New York: Doubleday, Page & Co., 1898, pp. 268. [Third edition, 1915]

An able and authoritative exposition of single-tax doctrine by a disciple of Henry George.

 

Smith, Adam. The wealth of nations. (1776.) Edited with notes by Edwin Cannan. 2 vols. New York: G. P. Putnam’s Sons, 1904, pp. xlviii, 462; vii, 506.

The second chapter of the fifth book of the “Wealth of Nations” should be read by every student of taxation.

 

Walker, Francis A. Double taxation in the United States. New York: The Columbia University Press, 1895, pp. 132.

A careful study of a vexed problem of great importance in the United States.

 

Wells, David A. The theory and practice of taxation. New York: D. Appleton & Co., 1900, pp. 648.

Important for its discussion of federal taxation and the working of the general property tax in the United States.

 

West, Max. The inheritance tax. Second revised edition. New York: The Columbia University Press (The Macmillan Company, agents), 1908, pp. 249.

An exhaustive study of inheritance taxation in both its theoretical and practical aspects.

 

Weston, Stephen F. Principles of justice in taxation. New York: The Columbia University Press (The Macmillan Company, agents), 1903, pp. 299.

Useful for its discussion of the different theories of just taxation.

 

Source: Teachers in Harvard University, A Guide to Reading in Social Ethics and Allied Subjects, Lists of Books and Articles Selected and Described for the Use of General Readers. Cambridge, Mass.: Harvard University, 1910, pp. 54-56.

Image Source: Charles J. Bullock in Harvard Album 1915.

Categories
Bibliography Harvard

Harvard. Short Bibliography of Economic Theory for Serious-minded Students”, Taussig, 1910

 

In 1910 Harvard published 43 short bibliographies covering “Social Ethics and Allied Subjects”, about half of which were dedicated to particular topics in economics and economic sociology. The project was apparently coordinated by Plummer Professor of Christian Morals, Francis G. Peabody.

Over the coming weeks, Economics in the Rear-view Mirror will be providing transcriptions to some of these bibliographies along with many links to digital copies of the items found at archive.org, hathitrust.org, as well as at other on-line archives.

We begin with Professor Frank Taussig’s list of eighteen items that he selected for the Economic Theory bibliography, along with his brief comments.

_____________________________

From the Prefatory Note:

The present list represents an attempt to make this connection between the teaching of the University and a need of the modern world. Each compiler has had in mind, not a superficial reader, nor yet a learned scholar, but an intelligent and serious-minded student, who is willing to read substantial literature if it be commended to him as worth his while and is neither too voluminous nor too inaccessible. To such an inquirer each editor makes suggestions concerning the contents, spirit or doctrine of a book, not attempting a complete description or a final judgment, but as though answering the preliminary question of a student, “What kind of book is this?” The plan thus depends for its usefulness on the competency of the editors concerned, and each editor assumes responsibility for the section to which his name is prefixed.

Source: Prefatory Note by Francis G. Peabody. A Guide to Reading in Social Ethics and Allied Subjects, Lists of Books and Articles Selected and Described for the Use of General Readers. Cambridge, Mass.: Harvard University, 1910, p. vi.

_____________________________

2. ECONOMIC THEORY
F. W. TAUSSIG

Smith, Adam. An inquiry into the nature and causes of the wealth of nations. (1776.) Edited, with an introduction, notes, marginal summary and an enlarged index, by Edwin Cannan. 2 vols. New York: G. P. Putnam’s Sons, 1904; (Harvard Classics, edited by C. W. Eliot) edited by C. J. Bullock, with introductory notes and illustrations. New York: P. F. Collier & Son, 1909, pp. 590.

Adam Smith’s book is a landmark in the history of thought, and justly entitled a classic. But it is not to be read as the one book on economics, if one only can be read; nor is it usually the best book to begin with. Parts are antiquated, parts to be understood only with knowledge of Adam Smith’s times. Yet in attractiveness of style, wealth of matter, epoch-making significance, its equal has not been written.

 

Mill, John Stuart. Principles of political economy, with some of their applications to social philosophy. (1848.) Edited, with an introduction by W. J. Ashley. London, New York, etc.: Longmans, Green & Co., 1909, pp. liii, 1013.

A classic, like Adam Smith’s “Wealth of Nations”; like that, superseded in parts, yet a noble book, with dignity of style and large views, addressed to the mature, warm in its social sympathies, severe in its reasoning; a good book to begin with, though to be supplemented with others more modern.

 

Marshall, Alfred. Principles of economics. Vol. I. Fifth edition. New York: The Macmillan Company, 1907, pp. xxxvi, 807. [Eighth edition, 1920]

Probably the most important book on economic theory published in English since J. S. Mill’s “Principles”; able, penetrating, stimulating. It is not easy reading, but repays careful study. The whole subject of economics is not covered; chiefly Value and Distribution, the parts of economic theory having most bearing on social questions.

 

Clark, John Bates. The distribution of wealth; a theory of wages, interest and profit. New York: The Macmillan Company, 1899, pp. xxviii, 445.

A brilliant volume by an American scholar, abstract in character, setting forth in attractive style a theory of distribution according to the specific product of each of the factors in production. Its conclusions have been disputed, but the originality and interest of the reasoning are not to be denied.

 

Carver, Thomas Nixon. The distribution of wealth. New York: The Macmillan Company, 1904, pp. xvi, 290.

A compact, clear, able statement of modern doctrines, with an introductory chapter on the principles of value.

 

Böhm-Bawerk, Eugen von. The positive theory of capital. Translated with a preface and analysis by William Smart. London and New York: Macmillan & Co., 1891, pp. xi, 428.

A book of the first importance, the starting point for the modern discussion of capital and interest; covering also the so called “Austrian” theory of value. The exposition is deliberate and full; the reasoning not always easy to follow, but always deserving careful study.

 

Fisher, Irving. The nature of capital and income. New York: The Macmillan Company, 1906, pp. xxi, 427.
Fisher, Irving. The rate of interest; its nature, determination, and relation to economic phenomena. New York: The Macmillan Company, 1907, pp. xxii, 442.

These two volumes present theories in some respects novel, but consistently maintained throughout. The first gives the author’s conception of capital and income; the second, his analysis of the causes determining the rate of interest. They form a good supplement to Böhm-Bawerk’s “Positive Theory.” Like that, they test the reader’s attention and powers of reasoning.

 

Schmoller, Gustav. Grundriss der allgemeinen Volkswirtschaftslehre. 2 Teile. Leipzig, 1900–04 [Erster, größerer Teil, 1900; Zweiter Teil, 1904]; Fr. par G. Platon. 5 vols. Paris: Giard et Brière, 1905-08 [Tome 1; Tome 2; Tome 3; Tome 4; Tome 5].

A remarkable survey of economics from the historical point of view; encyclopedic in its range, with admirable sketches of the great lines of industrial development and of present conditions, and broad-minded discussion of current social and economic problems.

 

Landry, Adolphe. Manuel d’économique, à l’usage des facultés de droit. Paris: Giard et Brière, 1908, pp. 889.

A recent French manual, clearly written, ably thought out, a good representative of modern thought.

 

Philippovich, E. von. Grundriss der politischen Oekonomie. 2 Bde. Tübingen: J. C. B. Mohr, 1906; 1 Bd., 8 rev. Aufl., 1909; 2 Bde., 4 rev. Aufl., 1908.  [2. Band, 1. Teil, 6. Rev. Aufl.]

A German treatise, much used, of the kind meant for university students, covering the whole subject, eclectic in its views and mode of treatment.

 

Seager, Henry Rogers. Introduction to economics. New York: Henry Holt & Co., 1904, pp. xxi, 565.
Ely, Richard T. Outlines of economics. Revised and enlarged by the author and T. S. Adams, M. O. Lorenz and A. A. Young. New York: The Macmillan Company, 1908, pp. xii, 700.
Seligman, E. R. A. Principles of economics, with special reference to American conditions. New York: Longmans, Green & Co., 1905, pp. xlvi, 613.

These three are modern text-books, addressed to persons of the grade of college students, with special regard to American conditions. The two mentioned first are clearer and better reasoned than the third, which, however, contains a mass of information and has full and well-chosen lists of references.

 

Bullock, Charles J. Introduction to the study of economics. Third edition, revised and enlarged. New York, Boston, etc.: Silver, Burdett & Co., 1908, pp. 619.
Ely, Richard T., and Wicker, G. R. Elementary principles of economics, together with a short sketch of economic history. New York: The Macmillan Company, 1905, pp. xi, 338.
Johnson, A. S. Introduction to economics. Boston: D. C. Heath & Co., 1909, pp. xii, 404.

These are shorter text-books, of a somewhat more elementary character than the three mentioned before. They have the apparatus of questions expected in a high-school text-book, as well as references and brief bibliographies. The first two are more concrete and informational; the third (Johnson’s) is more abstract and general, but not less satisfactory in its mode of exposition.

 

Marshall, Alfred. Elements of economics of industry, being the first volume of elements of economics. London: Macmillan & Co., 1892; third edition, ibid., 1899.

This gives a condensed statement of the doctrines of the same author’s larger book (see above), arranged with a view to use by students. It does not cover the whole subject, but only the range of topics treated in the larger book.

Source: Teachers in Harvard University, A Guide to Reading in Social Ethics and Allied Subjects, Lists of Books and Articles Selected and Described for the Use of General Readers. Cambridge, Mass.: Harvard University, 1910, pp. 6-9.

Image Source: Frank Taussig in Harvard Album 1915.

Categories
Courses Harvard Undergraduate Yale

Yale. Sheffield Scientific School, Ethics of Business Lectures for Seniors, endowed by Edward D. Page, 1908-1915

 

In the previous post we met the 1896 Columbia University economics Ph.D., Henry C. Emery, who went on to become a professor at Yale. In preparing that post, I came across the Page Lecture Series for the senior class of the Sheffield Scientific School at Yale University and wondered who was the Sheffield alumnus who sponsored that series and so this post was born.

It appears that the series only ran from 1908-1916 with only the first eight rounds resulting in published volumes. 

The sponsor of the lecture series, Edward Day Page (1856-1918) was an 1875 graduate of the Sheffield Scientific School of Yale and a successful business man who closed down his dry goods commission partnership and retired from active business in 1911. Included below is an excerpt from an 1886 letter by Page to The Nation that provides a comparison between political economy taught at Yale and Harvard claiming the superiority of Harvard’s broader use of elective courses. This is followed by obituaries for his firm and him, respectively. Finally, we discover that his New Jersey estate was one of the list of places that have a legitimate claim to George Washington having had slept there.

Edward Day Page was a rare sort of business man (now an endangered species) who appears to have thought deeply about what constitutes ethical behavior in the conduct of business. 

__________________________

Page Lecture Series.
Addresses delivered before the Senior Class of the Sheffield Scientific School, Yale University.

“For some time prior to [1908] the authorities of the Sheffield Scientific School had been considering the possibility of a course of five lectures dealing with the question of right conduct in business matters, to be given to the members of the Senior Class toward the end of their college year. While these addresses were to be in a sense a prescribed study for members of the Senior Class, it was intended that the course should not be restricted to them but should be open to all members of the University who might desire to attend. Through the generosity of Mr. Edward D. Page, of New York City, a graduate of the Sheffield Scientific School in the Class of 1875, this course, now named for the founder, was established in the summer of 1907; and in the spring of 1908 the first lectures in the series were delivered…”

Source: Morals in Modern Business, addresses delivered in the Page lecture series, 1908, before the senior class of the Sheffield scientific school, Yale university. New Haven: Yale University Press, 1909. Publisher’s note, p. 5

 

Morals in Modern Business (1908 address, published 1909)

The Morals of Trade in the Making. Edward D. Page
Production. George W. Alger
Competition. Henry Holt
Credit and Banking. A. Barton Hepburn
Public Service. Edward W. Bemis
Corporate and Other Trusts. James McKeen

Every-day Ethics (1909 Lectures, published in 1910)

Journalism. Norman Hapgood
Accountancy. Joseph E. Sterrett
Lawyer and Client. John Brooks Leavitt
Transportation. Charles A. Prouty
Speculation. Henry C. Emery

Industry and Progress by Norman Hapgood (1910 Lectures, published in 1911).

Trade Morals: Their Origin, Growth and Province by Edward D. Page (1911 Lectures, published in  1914).

“This book is the outgrowth of a course of lectures delivered to the graduating class at the Sheffield Scientific School of Yale University in the spring of 1911. Their object was to show in some consecutive form the growth of trade morals from the social and mental conditions which form the environment of business men, and to illustrate their meaning and purpose in such a way as to clarify if not to solve some difficulties by which the men of our time are perplexed. The lecturer took for granted a basis of knowledge such as is possessed by undergraduate students of the natural and social sciences, and the effort was made to carry minds so prepared one step further along toward the interpretation of some of the problems with which they would soon be compelled to cope. Nearly all of them were shortly to come into contact with business — to engage in it, in fact — and he felt that it was important that they should make this start with some definite notion of the values and problems involved in the business side of their vocational career.

Politician, Party and People by Henry Crosby Emery (1912 Lectures, published in 1913)

Questions of Public Policy. (1913 Lectures, published in 1913)

The Character and Influence of Recent Immigration. Jeremiah W. Jenks
The Essential and the Unessential in Currency Legislation. A. Piatt Andrew
The Value of the Panama Canal to this Country. Emory R. Johnson
The Benefits and Evils of the Stock Exchange. Willard V. King.

Ethics in Service by William Howard Taft. (1914 Lectures, published in 1915).

Industrial Leadership by H. L. Gantt. (1915 Lectures, published 1916).

Character and Conduct in Business Life by Edward D. Page. (1916 Lectures)

__________________________

Harvard-Yale Comparison (1886)
by Edward D. Page

The second cause which has determined the progress of Harvard is the great extension of optional studies which has taken place under the administration of President Eliot. It is not my purpose to enter into any argument of the merits of the optional system. It has existed at Harvard for forty-five years, during the last fifteen of which it has had broad extensions and thorough trial. Facts speak for it. It is undeniably popular among both students and instructors. It has been denounced by Yale’s venerable triumvirate and their backers as wasteful and demoralizing. Yet they yielded so far to popular clamor, some five years since, as to formulate the system of limited election which now prevails in the two upper classes. If elective studies are good, why were they not adopted years ago? If, on the contrary, they are bad, why adopted at all?

The following table shows, for the college year 1885-86, the number of hours weekly which the student can devote to the studies of his own choice:

HOURS OF ELECTIVE STUDIES (PER WEEK).

Yale.

Harvard.

Freshman Class

None

9

Sophomore Class

None

All

Junior Class

9

All

Senior Class

13

All

In this respect, then, Yale stood till five or six years ago just where she stood in the eighteenth century, and stands to-day almost exactly where Harvard stood in 1841. Of course the opportunities of choice are far greater at Yale to-day than they could be at any American college forty-five years ago: but they are still far inferior to the advantages which Cambridge now affords.

Subjoined is a table showing the courses given in the Academical Department of each university, and the number of hours of instruction offered weekly in each course:

Yale.

Harvard.

Semitic Languages

1

17

Indo-Iranian Languages

4

12

Greek

13 ½

39 ½

Latin

17 ½

37 ½

Greek and Latin Philology, etc.

6

English and Rhetoric

10

24

German

15

20

French

18

26

Italian

6

10 ½

Spanish

6

10 ½

Philosophy and Ethics

11

25

Political Economy

4 ½

14

History

11 ½

24

Roman Law

1 ½

4 ½

Fine Arts

10 ½

Music

14

Mathematics

30 ½

42 ½

Physics

4

23 ½

Chemistry

2

24

Natural History

11

49 ½

International Law, etc.

1 ½

Linguistics

½

Hygiene

1

170

434 ½

In other words, the Harvard undergraduate has the allurement and opportunity of over two and a half times the amount of instruction that is offered by Yale. In this respect the latter is somewhat behind where Harvard was in 1871, when 168 hours were offered in the elective courses alone.

Thoroughness of instruction is a more difficult factor to estimate, and one which I approach with great diffidence. I shall be contented with a table of comparison showing the courses given in political economy, which, in importance to the citizen, yields to no other science. At Harvard the instruction is given by a professor, an assistant professor, and an instructor. At Yale one man performs all these functions and is Professor of Social Science as well. The time occupied by each course is reduced to the number of hours per week annually offered:

YALE.

HARVARD.

Elementary course.

1 ½ hrs.

Elementary course.

3 hrs.

Longer elementary course

2 hrs.

History of economic theory

3 hrs.

Economical history of America and Europe

3 hrs.

Tariff legislation

1 hr.

Financial legislation

1 hr.

Discussion and investigation

1 hr.

Discussion and investigation

3 hrs.

Independent research say

3 hrs.

For Seniors

4 ½ hrs.

For Sophomores, Juniors, and Seniors.

17 hrs.

From this it is apparent that something more is offered at Harvard than a merely superficial knowledge of a subject which few men have the time to pursue in after life. Yale now devotes scarcely more time to the subject than Harvard did in 1872.

It may be well to note in passing that while psychology is a required study for four terms at Yale, political economy is an optional study, which can be pursued at utmost for but two. It is difficult to discern the principle on which this discrimination is based, unless, indeed, that otherwise a smaller attendance would flatter the one course given by the President of the University!

Source: From Edward D. Page, “A Comparison” the Nation, 25 February 1886. A follow-up to his article “Two Decades of Yale and Harvard” 18 February, 1886.

__________________________

Edward Day Page’s Business Career

Old Dry Goods Firm to Quit
Faulkner, Page & Co., in Business 78 Years, to End with the Year.
The New York Times. 9 October 1911

Conformable to the wishes of the two senior partners, who are eager to retire, the dry goods commission firm of Faulkner, Page & Co., of 78 Worth Street and 80 Fifth Avenue, will go out of business at the end of the current year, after seventy-eight years of activity.

The business was founded in Boston in 1834, by Charles Faulkner, who had been a salesman for Thomas Tarbell, a dry goods jobber of Boston. Faulkner’s family operated several woolen mills, and he united the agency for these mills with the business of Mr. Tarbell, under the namerof Thomas Tarbell & Co.

In 1850 the name of the firm was changed to Faulkner, Kimball & Co., Thomas Tarbell retiring, and M. Day Kimball and Robert C. Billings being admitted. The importing end of the business was dropped at the outbreak of the civil war, and the house went more largely into the sale of goods, both woolen and cotton, manufactured by New England mills. On Jan. 1, 1859, Henry A. Page, a nephew of Mr. Kimball, who had been brought up in the retail dry goods business in Haverhill, Mass., was admitted to partnership. Mr. Page came to New York and opened a branch office, the business of which grew rapidly, and within three years its sales had passed those of its Boston parent. On the death of Mr. Kimball in 1871 the name of the firm was changed to Faulkner, Page & Co. In 1870 Joseph S. Kendall, formerly senior partner of Kendall, Cleveland & Opdyke, had been admitted, and in 1878 Alfred W. Bates, formerly of Leland, Allen & Bates, and George M. Preston, a nephew of Mr. Faulkner, became members of the firm.

Edward D. Page, now the senior partner, entered its employ as an office boy in 1875, upon his graduation from Yale. He was admitted to the firm in 1884. Charles Faulkner died later in the same year.

Shortly after the death of Henry A. Page in 1898, and of Robert C. Billings in 1899, the firm was reorganized. George W. Bramhall, formerly of Bramhall Brothers & Co., joined on Jan. 1, 1900, and on Jan. 1, 1903, Nathaniel B. Day, formerly of H.T. Simon & Gregory of St. Louis, but at that time selling agent for the Mississippi Mills, was admitted to partnership. Alfred W. Bates died in 1892; Joseph S. Kendall died in 1903.

Satisfactory arrangements haven made for transferring the mill accounts of the retiring firm to other well established houses.

__________________________

Obituary for Edward Day Page
The Morning Call (Patterson, New Jersey). 26 December 1918. Pages 1, 9.

STRICKEN FATALLY AT DINNER TABLE
Edward Day Page, Scientist and Art Patron, Dies While Entertaining Friends.

ESTATE AT OAKLAND.
Was Known in This City for His wonderful collection of Paintings and His Library.

Edward Day Page, known in the mercantile and scientific circles of this country and Europe, died of heart failure yesterday afternoon while eating a Christmas dinner with his family and guests at his residence in Oakland. Mr. Page, a graduate of the Sheffield scientific school of Yale university, class of 1875, was a member of forty-two scientific societies and other organizations In the United States and European countries. The library attached to his late home contains 40,000 volumes.

For the past three weeks Mr. Page had been suffering from influenza and pleurisy. His physician reported that he was on the road to recovery, therefor his sudden death yesterday came as a great shock to the family. News that Mr. Page had passed away brought forth many expressions of deep regret in Oakland, where the deceased man was the leading and wealthiest citizen.

The deceased man was born in Haverhill, Mass., in 1856. He was a resident of Oakland for several years and was known in Paterson. At the outbreak of the war between this country and Germany. Mr. Page was appointed as chairman of the civilians’ advisory committee to the quartermaster’s department and acted also as the expert on textiles for the department. He continued in this service until the quartermaster’s department was reorganized. In New York Mr. Page was a member of the Century club, Merchants’ club, and up to the time of his death took an active interest in the affairs of the Merchants’ association of New York. Mr. Page published several books on political and economical subjects which were well received throughout the country. At the time of his death he was editor-in-chief of the Sussex Register, part of the estate of his late son, Harry S. Page, who passed away about a year ago. Until several years ago, Mr. Page was a member of the late firm of Falkner, Page & Co., commission merchants, of New York.

The Page property, consisting of 700 acres of ground and the most up-to-date equipment and buildings, was looked upon by residents and farmers throughout the northern part of the state as an ideal farm. It has been said that the Page home has no equal In beautiful surroundings. The residence holds an exceedingly valuable collection of paintings, Mr. Page having been a connoisseur of the art, and a magnificent organ. Mr. Page’s library of 40,000 books is believed to have no equal as a private collection in the country.

In naming his property Mr. Page selected “Die Tweeligen,” which, in the German language, means “The Twins.” This name was chosen because of two great boulders found on the property. Mr. Page named his farm “The Vygeberg.”

Mr. Page was a resident of Oakland since 1896. His son, Lee Page, is a professor of civics in Yale college. The first wife of the deceased man, who was Miss Nina Lee, of Orange, died in 1915. He married again less than a year ago, to the present Mrs. Page, who formerly was Miss Mary Hall, of Newton, by whom he is survived. A daughter, Mrs. Nelson Deitch, of Oakland, and son, Lee Page, also survive him. Funeral arrangements have not been completed.

__________________________

Fun Fact:
Washington Slept There

“It was a mere 235 years ago that General George Washington temporarily used the then-home of Hendrick Van Allen as his headquarters on July 14 and 15, 1777. The home’s history begins in 1748, when Hendrick Van Allen, his wife Elizabeth, and their ten children moved to what is today Oakland. Hendrick was a deacon at the Ponds Church, which was located approximately one mile west of his home. The stone masonry home that Hendrick built consisted of four rooms. Its architecture reflects the Dutch design of the period…

Hendrick Van Allen lived in the home with his wife and children until his death in July 1783, at the age of 76. Van Allen’s property was divided amongst his children. Records indicating the ownership of the property between 1788 and 1864 are illegible. Between 1864 and 1900, three other families owned the property.

In 1900 the property was transferred to Edward Page, a successful merchant and businessman. Edward Day Page was born in Haverhill, Massachusetts in 1856, but by 1860 was living in South Orange, New Jersey with his family. Because of his father’s business connections, Page became a partner at the wholesale dry goods firm Faulkner, Page & Co., located in New York. Page began his employment as an office boy and became a full member of the firm in 1884, eventually working his way to senior partner. The business continued until December 1911.

Edward Page’s purchase of the property in 1900 corresponds with a period in the region’s history when many wealthy New York merchants and industrialists moved from the urban centers to the rural countryside and modern suburbs of northeastern New Jersey. The 700 acres of land that Page purchased became the Vygeberg Estate, which he built for himself and his family. The estate was a working farm that encompassed almost all of the Mountain Lakes section of Oakland. Seeing the need for fresh dairy products in Oakland, the farm was primarily a dairy farm with several cow barns. As part of the estate, Page constructed a family mansion, known as De Tweelingen, barns and other necessary outbuildings, including the Vygeberg Office (Stream House), which was built in 1902 on the Van Allen House property….

Page belonged to a number of organizations and served several elected positions in Oakland including councilman from 1902 to 1908, mayor from 1910 – 1911, recorder in 1912 and as vice president of the Board of Education in 1913. Page passed away at his home in Oakland on December 25, 1918 at the age of 62.”

Source: “From Dutch Homestead to Dairy Farm Estate: The Van Allen / Vygeberg Property” in The Oakland Journal, 16 January 2014.

Image Source: Find A Grave Website, Edward Day Page.

 

 

Categories
Carnegie Institute of Technology Chicago Economist Market Economists Harvard M.I.T.

Chicago. Three casual letters from Cambridge, Mass. regarding young talent, 1957-59

 

In the three letters to Theodore W. Schultz transcribed for this post we witness the old-boy network at work in Chicago’s search for young talent.  Mason and Harris from Harvard share the enormous respect that Harvard Junior Fellow Frank Fisher had won from the senior professors there.  Evsey Domar hedges somewhat in his assessment of Robert L. Slighton but more or less places him in a spectrum running between Marc Nerlove and Martin Bailey closer to the latter. Other now familiar (and less familiar) names are tossed in for good measure.

____________________________

HARVARD UNIVERSITY
GRADUATE SCHOOL OF PUBLIC ADMINISTRATION

Office of the Dean

Littauer Center
Cambridge 38, Massachusetts

December 27, 1957

Professor Theodore Schultz
Department of Economics
University of Chicago
Chicago, Illinois

Dear Ted:

In addition to [John] Meyer, [James] Henderson and [Otto] Eckstein, I would also name Franklin Fisher and Daniel Ellsberg as among our really promising young men. Fisher and Ellsberg are, at present, both junior fellows. Fisher is something of a wunderkind, having graduated summa cum laude from Harvard at the age of 18. He published a mathematical article on Welfare Economics when he was a senior, and those who can understand it say it’s good. He is only 20 now, and, of course, it is difficult to say how he is going to turn out. He may be another Paul Samuelson, and on the other hand he may not. Ellsberg is another one of our summas and a very good man, indeed. I don’t think he measures up to John Meyer, but is probably in the Henderson and Eckstein category. Since I promised you six names, I will add that of [???] Miller who came to us this year from California. I have really seen nothing of him, and consequently, can no give you a first-hand judgement. My colleagues, however, think he is very good.

With best wishes, I am

Sincerely yours,
[signed] Ed
Edward S. Mason
Dean

ESM:rrl

____________________________

HARVARD UNIVERSITY
DEPARTMENT OF ECONOMICS

Office of the Chairman

M-8 Littauer Center
Cambridge 38, Massachusetts

January 5, 1959

Professor Theodore Schultz
Department of Economics
University of Chicago
Chicago 37, Illinois

Dear Ted:

It was good to see you even though it was for a very short period. As you know, we include on our list of available men only those who have requested to be put on the list or who have given us their permission to have their name included in the list. It represents men who are either already Ph.D.’s or will receive their Ph.D. within the year, and who are actually available for the coming year.

[Daniel] Ellsberg will be getting his Ph.D. this year, but he is going to Rand at a salary of about $10,000. [Franklin] Fisher will not have his Ph.D. until June 1960. He is just out of college three years and has been offered an assistant professorship at Carnegie Tech. We have now promised him a similar appointment, and in fact he said he would prefer to be at Harvard.

Among other young men of talent who are now here but are not on our permanent roster are the following: Leon Moses who teaches half time in the department and does research with the [Wassily] Leontief project half time. There is a good chance that Moses will go to Pittsburgh, particularly in order to work on the metropolitan project with [Edgar M.] Hoover. Moses is an excellent man in every way and certainly of permanent quality: the same holds for Alfred Conrad who is in somewhat the same position as Moses. Incidentally, both of them have a leave for next year: There is also André Daniere who will be an assistant professor next year and who works primarily with Leontief. Daniere is another good man, though probably not quite as good as the others.

Then there are Otto Eckstein, James Henderson, Jaroslav Vanek and Louis Lefeber. They are all excellent men and in the running for a permanent appointment. Actually, during the next few years we will have but one or two openings and obviously we cannot keep all these men. There is little to choose among them and we will have a tough time making a decision. Please keep this in the highest confidence.

With kind regard, I am,

Sincerely yours,
[signed] Sey
Seymour E. Harris
Chairman

SHE/jw

____________________________

MASSACHUSETTS INSTITUTE OF TECHNOLOGY
Department of Economics and Social Science

Cambridge 39, Massachusetts

January 14, 1959

Professor Theodore W. Schultz
Department of Economics
University of Chicago
Chicago 37, Illinois

Dear Ted:

Your letter of January 6, regarding [Robert L.] Slighton is not quite easy to answer. I do not know [Daniel] Elsberg [sic] or [Franklin] Fisher well enough to make comparisons, but I will try to compare Slighton with [Martin J.] Bailey and [Marc] Nerlove. From the point of view of statistical and mathematical ability, Nerlove stands in a class all by himself, and I do not think that Slighton’s comparative advantage is in those fields. As far as Bailey is concerned, he may have flashes of ideas at times superior to Slighton’s. On the other hand, I would credit Slighton with greater solidity, more common sense and better judgment. As far as long-run contributions are concerned, I don’t know on whom of the two I would bet at the moment, but Slighton would be a serious contender in any such betting.

Lloyd [Metzler]’s session went quite well. He was greeted by the audience most warmly and was pleased about the whole works very much. I am very happy that that meeting was arranged and that I could participate in it.

Please let me know if you need any additional information.

Sincerely yours,
[signed] Evsey D
Evsey D. Domar

EDD:jr

Source:  University of Chicago Archives. Department of Economics, Records. Box 42, Folder 9.