Categories
Exam Questions Harvard Transportation

Harvard. Enrollment and final exam for railroad practice. Daggett, 1906-1907

 

Stuart Daggett was born March 2, 1881 in Milwaukee, Wisconsin and graduated from Roxbury Latin School (Boston, Massachusetts) in 1899. He received all three of his degrees, the A.B. in 1903, the A.M. in 1904, and the Ph.D in 1906, from Harvard University. The title of his thesis was “Railroad Reorganization”, published as vol. 4 of  Harvard Economic Studies (Houghton Mifflin, 1908). During 1906 to 1909 he was Instructor at Harvard, and in 1909 he accepted appointment to the University of California as Assistant Professor of Railway Economics. He was appointed full professor in 1917 and from 1920-1927 he was dean of the College of Commerce, retiring in 1951 as Flood Foundation professor emeritus of transportation. Stuart Daggett died December 22 1954 in Oakland, California.

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Railroad Practice
1906-07

Course Enrollment

Economics 17 2hf. Dr. Daggett. — Railroad Practice.

Total 37: 4 Graduates, 14 Seniors, 12 Juniors, 5 Sophomores, 2 Others.

Source: Harvard University. Report of the President of Harvard College, 1906-1907, p. 71.

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ECONOMICS 17
Year-end Examination, 1906-07

Answer 1, 2, 3, and five other questions.

  1. Distinguish between
    1. departmental railroad organization, and
    2. divisional railroad organization.
      Show the lines of responsibility under each system.
  1. Suppose a shipment of boots and shoes, weighing 10,000 pounds, from Boston to Minneapolis. The route to be via the Vanderbilt lines to Chicago, thence via the Chicago & Northwestern to Minneapolis. Rate, $1.35 per 100 pounds. The shipment to be sent “collect,” and the Chicago & Northwestern to get one-third of the total rate.
    Make out in full the waybill which will accompany these goods between Chicago and Minneapolis

    1. supposing auditor’s office settlements,
    2. supposing junction settlements.
  2. Describe carefully the system of through-billing with auditor’s office settlements of a shipment as in (2). Show what reports are made, and how the balances are determined and settled.
  3. Name the principal freight traffic associations and state as precisely as possible the territory which each covers. What are the main differences between such associations and the previously existing pools?
  4. Draw a workable diagram of a terminal cluster. What is a pole yard; a hump yard; a gravity yard; and what are the advantages and disadvantages of each?
  5. Discuss the advantages of the steel freight car over the wooden one; of the large freight car over the small one. How do the sizes of freight cars in Europe and the United States compare, and why?
  6. Why is it more expensive to haul passengers than to haul freight?
  7. What is a “block signal” system? Describe clearly the working of
    1. the staff system;
    2. the automatic electric system.
      Illustrate (b) with a diagram showing the necessary circuits.
  8. Compare the experience of France with state railroad operation with that of Germany. What, in each case were the causes which led to state operation, the extent of the lines operated, the results from state operation, and the reasons for those results?

Source: Harvard University Archives. Harvard University, Examination Papers, 1873-1915. Box 8, Bound vol. Examination Papers 1906-07 (HUC 7000.25), p. 40.

Image Source: Railroad Train by Edward Hopper (1908). Wikiart, Visual Art Encyclopedia.

Categories
Exam Questions Harvard Public Finance

Harvard. Public finance and taxation. Enrollments and final exams. Bullock, 1906-1907

As can be seen below, Economics in the Rear-view Mirror has put together a considerable time-series of public finance exams for Harvard at the start of the 20th century.

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Bullock’s earlier public finance exams
at Harvard

1901-02. Economics 7a and 7b. Financial administration; taxation [undergraduate]

1903-04. Economics 16.  Financial history of the United States

1904-05. Economics 7a. Introduction to public finance [undergraduate]

1904-05. Economics 7b. Theory and methods of taxation [undergraduate]

1904-05. Economics 16. Financial history of the United States.

1905-06 Economics 7.  Public finance [undergraduate]

1905-06 Economics 16. Public finance [advanced]

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From 1910: Short bibliography on public finance “for serious minded students” by Bullock

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INTRODUCTION TO
PUBLIC FINANCE

Course Enrollment
1906-07

Economics 16a 1hf. Asst. Professor Bullock. — Introduction to Public Finance

Total 15: 4 Seniors, 7 Juniors, 3 Sophomores, 1 Other.

Source: Harvard University. Report of the President of Harvard College, 1906-1907, p. 71.

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HARVARD UNIVERSITY

ECONOMICS 16a
INTRODUCTION TO PUBLIC FINANCE

Mid-year Examination, 1906-07
  1. What classes of public expenditure increased most rapidly during the nineteenth century and what classes showed the least tendency to increase?
  2. Describe the policy pursued by the United States in regard to its public lands.
  3. What are the chief abuses of the fee system in the United States?
  4. Discuss the financial aspects of national ownership of railroads.
  5. Compare the administration of the British post office with the administration of the post office in the United States.
  6. Write an account of American State debts in the nineteenth century?
  7. Compare the history of the British debt in the eighteenth and nineteenth centuries with the history of the French debt at the same period.
  8. What are the advantages and disadvantages of sinking funds?
  9. What are the essential characteristics of a good budget system?

Source: Harvard University Archives. Harvard University. Mid-year Examinations, 1852-1943. Box 7, Bound Volume: Examination Papers, Mid-Years 1906-07.

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THE THEORY AND METHODS OF TAXATION

Course Enrollment
1906-07
 

Economics 16b 2hf. Asst. Professor Bullock. — The Theory and Methods of Taxation

Total 22: 3 Graduates, 4 Seniors, 9 Juniors, 5 Sophomores, 1 Other.

Source: Harvard University. Report of the President of Harvard College, 1906-1907, p. 71.

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ECONOMICS 16b
THE THEORY AND METHODS OF TAXATION

Year-end Examination, 1906-07

Omit one question.

  1. What are the criteria by which you would test the justice of any system of taxation?
  2. What are the chief difficulties encountered by American commonwealths in constructing their tax systems?
  3. Describe the French system of direct taxation.
  4. Compare the French system of direct taxation with that employed in Prussia.
  5. What points of difference have you observed between the British and the French systems of taxation?
  6. What lessons has European practice for the student of American taxation?
  7. Outline a system of corporation taxes which you would consider satisfactory for such a state as Massachusetts.
  8. Write a history of income taxation in the United States.
  9. Upon what class or classes of persons does the American system of state and local taxation fall with the greatest weight?

Source: Harvard University Archives. Harvard University, Examination Papers, 1873-1915. Box 8, Bound vol. Examination Papers 1906-07 (HUC 7000.25), p. 39.

Image Source: The Tax Collector by Marinus van Reymerswaele (1542). Wikiart, Visual Art Encyclopedia.

Categories
Exam Questions Harvard History of Economics

Harvard. Semester exams for history of economics. Bullock, 1906-07

The two-semester course on the history of economics up through Adam Smith taught by assistant professor Charles J. Bullock at Harvard in  1906-07 was taken by seven graduate students and one undergraduate.

A reprint of the 1690 pamphlet by Nicholas Barbon “A Discourse of Trade” was published by Johns Hopkins Press in 1905 and Bullock incorporated it into his course at the first opportunity (the course was announced but not taught in 1905-06). The third question of the year-end exam below concerns a quote from the first page of Barbon’s Discourse.

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Before joining Harvard in 1903

Source: Williams College, The Gulielmensian 1902, p. 16.

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Earlier History of Economics Courses
Taught by Charles J. Bullock

1903-04

1904-05

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Course Enrollment
1906-07

Economics 15. Asst. Professor Bullock. — History and Literature of Economics to the year 1848.

Total 8: 7 Graduates, 1 Junior.

Source: Harvard University. Report of the President of Harvard College, 1906-1907, p. 71.

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ECONOMICS 15
HISTORY OF ECONOMIC THEORY
Mid-Year Examination, 1906-07

  1. By the close of the Middle Ages what progress had been made in developing a theory of value?
  2. Compare the communism of Plato with that of More.
  3. What was the attitude of the following writers toward commerce: Aristotle, Xenophon, Thomas Aquinas?
  4. What economic topics were discussed by Roman writers?
  5. Discuss the connection between political and economic theory from the time of Plato to the middle of the eighteenth century.
  6. What is your opinion of the scholastic doctrine of usury?
  7. Write an account of economic discussions in Italy in the fifteenth century?
  8. To what books would you turn for information concerning the political and economic theories of the Schoolmen?

Source: Harvard University Archives. Harvard University. Mid-year Examinations, 1852-1943. Box 7, Bound Volume: Examination Papers, Mid-Years 1906-07.

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ECONOMICS 15
HISTORY OF ECONOMIC THEORY
Year-end Examination, 1906-07

Omit one question.
  1. What analysis does Quesnay make of the organization of economic society? Does his analysis resemble at any points the analysis made by Aristotle?
  2. What traces of Aristotelianism and Scholasticism do you find in the economic thought of Europe from 1500 to 1800?
  3. At about what time was the following passage written?
    “The Stock and Wares of all Trade are the Animals, Vegetables, and Minerals of the whole Universe, whatsoever the Land or Sea produceth. These Wares may be divided into Natural and Artificial. Natural Wares are those which are sold as Nature produceth them. … Artificial Wares are those which by Art are changed into another Form than Nature gave them.” [A Discourse of Trade (1609) by Nicholas Barbon]
    Does this passage suggest any distinction drawn by earlier writers? What use was made of it by the economists of the period when it was written?
  4. Compare the general development of mercantilist doctrines in England from 1500 to 1760 with the development of French mercantilist doctrines of the same period.
  5. What tendencies are noticeable in the economic thought of England, France, Germany, Italy, and Spain between 1740 and 1760? Name some of the chief writers in each country at this time.
  6. What is the fundamental difference between the theories of commerce entertained by enlightened mercantilists of the eighteenth century and the view of Hume, d’Argenson, and Adam Smith?
  7. What various elements were fused in the economical philosophy of Adam Smith?
  8. What are the prevailing theories of value, profits, and rent found in the writings of English mercantilists?
  9. Outline Turgot’s theory of distribution.

Source: Harvard University Archives. Harvard University, Examination Papers 1873-1915. Box 8, Bound volume: Examination Papers, 1907-08; Papers Set for Final Examinations in History, Government, Economics,…,Music in Harvard College (June, 1907), pp. 37-38.

Image Source: Williams College, The Gulielmensian 1902, p. 16. Colorized by Economics in the Rear-view Mirror.

Categories
Exam Questions Harvard Socialism

Harvard. Final exam for Methods of Social Reform. Socialism etc. Fetter, 1906-1907

As mentioned in the previous post Thomas Nixon Carver was in Europe for a sabbatical year in 1906-07,  the Harvard economics department had to fill the instructional gap left by Carver and so Frank A. Fetter was brought in from Cornell to cover two of Carver’s standard courses: one on the economic theory of income distribution and the other that surveyed methods of social reform. The artifact for today is Fetter’s final exam for the fall semester course on “Methods of Social Reform. Socialism, Communism, the Single Tax, etc.”

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Course Reading List
1906-07
(previously posted)

https://www.irwincollier.com/methods-of-social-reform-fetter-covers-carver-course/

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Course Enrollment
1906-07

Economics 14b 1hf. Professor Fetter (Cornell University). — Methods of Social Reform. Socialism, Communism, the Single Tax, etc.

Total 32: 4 Graduates, 8 Seniors, 10 Juniors, 3 Sophomore, 7 Others.

Source: Harvard University. Report of the President of Harvard College, 1906-1907, p. 71.

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ECONOMICS 14b
Mid-year Examination, 1906-07

  1. Discuss the various classes into which the communistic experiments in America may be divided, and indicate the periods of their greatest success.
    Why are there fewer experiments of that kind now?
  2. Compare Christian socialism with Marxism in its philosophy of progress and in the methods it favors.
  3. In what countries is radical socialism making most headway, and what methods are followed by it?
  4. Define and criticize the surplus-value theory of Marx. Indicate its relation to the labor-value theory of Ricardo, and to Malthusianism.
  5. Discuss historical materialism, and the application made of it by Mars to the revolutionary propaganda.
  6. What is meant by the class conflict, and class consciousness? Give illustrations supporting and opposing these ideas.
  7. Discuss the personality, training, and social experiences of the founders of social-democracy.
  8. In what countries has the socialization of industry made greatest progress? What are present tendencies?
  9. What would be the effect, upon present holders, of a single tax absorbing the whole net rental of city land-sites? What would be the effect upon future purchasers of the land?
  10. In the light of the experience in other countries, what experiments in social reform do you expect to see soon tried in America?
    Give reasons.

Source: Harvard University Archives. Harvard University. Mid-year Examinations, 1852-1943. Box 7, Bound Volume: Examination Papers, Mid-Years 1906-07.

Image Source: Faculty portrait of Frank A. Fetter in the 1902 Classbook, Cornell University, p. 21.

Categories
Exam Questions Harvard Theory

Harvard. Theory of income distribution. Frank A. Fetter, 1906-1907

With Thomas Nixon Carver off to Europe for a sabbatical year in 1906-07, the Harvard economics department brought in Frank A. Fetter from Cornell to cover two of Carver’s standard courses: one on the economic theory of income distribution and the other that surveyed methods of social reform (socialism, communism, etc.). The artifact for today is Fetter’s final exam for the fall semester course on “The Distribution of Wealth” [still a time when most economists, like everyone else, confounded income and wealth].

Frank A. Fetter is revered today as an early 20th century American pioneer of Austrian economics. A 2019 discussion of Matthew McCaffrey’s “Frank Fetter and the Austrian Tradition in the United States” can be found at the Online Library of Liberty.

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Course Enrollment

Economics 14a 1hf. Professor [Frank Albert] Fetter (Cornell University). — The Distribution of Wealth.

Total 33: 5 Graduates, 12 Seniors, 9 Juniors, 4 Sophomores, 3 Others.

Source: Harvard University. Report of the President of Harvard College, 1906-1907, p. 71.

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ECONOMICS 14a
Mid-year Examination, 1906-07

Answer ten.

  1. Indicate in regard to each of the following writers: Turgot, Ricardo, Mill, Cairnes, Marshall, Carver, first, what was the main idea we studied? second, what was his place in the progress of economic thought on this subject?
  2. Define Ricardo’s capital concept and the one developed in this course. Give three examples of practical problems where the capital concept is used in business, and show how each definition applies.
  3. [Value theory]
    1. “It remains to be considered whether the creation of rent will occasion any variation in the relative value of commodities, independently of the quantity of labor necessary to production.”
    2. “If the quantity of labour realized in commodities, regulate their exchangeable value, every increase of the quantity of labour must augment the value of that commodity on which it is exercised, as every diminution must lower it.”
    3. “Rent invariably proceeds from the employment of an additional quantity of labour with a proportionately less return.”
    4. “The exchangeable value of all commodities … is always regulated … by the greater quantity of labour necessarily bestowed on their production … by those who continue to produce them under the most unfavorable circumstances.”
    5. “The original rule which regulated the exchangeable value of commodities … can not be at all altered by the payment of rent.” Who wrote this?

Comment on these passages showing clearly what question is proposed, and how far the conclusion is based upon the argument advanced

  1. [and] 5. “Demand and supply govern the value of all things which can not be indefinitely increased; except that even for them, when produced by industry, there is a minimum value, determined by the cost of production … Demand and supply, while thus ruling the oscillations of value, themselves obey a superior force, which makes them gravitate towards Cost of Production.”
    “What the production of a thing costs to its producer is the labour expended in producing it. If we consider as the producer the capitalist who makes the advances, the word Labour may be replaced by the word Wages; what the produce costs to him, is the wages which he has had to pay.”
    “Wages do enter into value. The relative wages … affect value just as much as the relative quantities of labour.”
    “There are commodities of which the value never depends upon anything but demand and supply. This is the case in particular with the commodity Labour.”

    1. How does this doctrine differ from Ricardo’s quantity-of-labor theory?
    2. What conclusion may be drawn from a combination of paragraphs one and four?
    3. Criticise the cost-of-production theory contained in the quotations. Whose theory is it?
  1. Give the substance of Cairnes’ argument (the part read) and show how it differs from Mill’s.
  2. Show what kinds of income and stages of income there are. What is the ultimate form taken by income, and why?
  3. Explain the simplest problem of valuation by an individual, and the psychological data that must be taken account of.
  4. Define and explain capitalization as presented in the course and show its relation to property and wealth.
  5. Discuss the following distinctions:
    1. The subjective and the objective methods of classifying incomes.
    2. Utility and subjective values.
  6. Outline briefly the positive theory of distribution here presented.

Source: Harvard University Archives. Harvard University. Mid-year Examinations, 1852-1943. Box 7, Bound Volume: Examination Papers, Mid-Years 1906-07.

Image Source: 1902 Classbook, Cornell University, p. 21.

Categories
Development Exam Questions Harvard Syllabus

Harvard. Economic Development, Theory and Problems. Hainsworth, Bell and Papanek, 1960-1961

The announced cast of instructors for “Theories and Problems of Economic Development” offered at Harvard in 1960-61 was headlined by Professors Edward S. Mason and John Kenneth Galbraith. With the election of John F. Kennedy to the U.S. Presidency, all sorts of staff adjustments became necessary in the economics department and the graduate school of public administration, e.g. Galbraith took leave beginning the second semester to serve as the U.S. Ambassador to India. I don’t know why Mason changed his teaching plans, but I figure his Dean duties might have played a role.

The actual staffing for this course in 1960-61 is recorded in the staffing and enrollment information published in the annual report of the President of Harvard College also transcribed here. The course was the economics department offering that ran parallel to the Graduate School of Public Administrations seminar on the same subject.

This post begins with biographical information for the three course instructors: Geoffrey Brian Hainsworth, David E. Bell and Gustav Papanek.

The course outline and reading list is probably what had been originally planned/approved by Mason and Galbraith, though that is merely a presumption to be sure. Only the final exam for the first semester was found in the collection of economics exams in the Harvard Archive.

In preparing this post I learned that Gustav Papanek had been one of many academics purged from government service during the McCarthy years. The 2019 BBC story “How we endured the McCarthy purges in US” mentions his case and is the source of the photo of young Gus Papanek.

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Who’s Who
1960-61

HAINSWORTH, Geoffrey Brian, academic; b. Bramley, Yorkshire, Eng., 1934; B.S. in Econ., London Sch. of Econ., 1955; Ph.D., U. Calif. at Berkeley, 1960.
DOC. DIS. “Classical Theories of Overseas Development,” 1960. PUB. Japan’s Decision to Develop, 1969; Economic Development in South-East Asia, 1969; “The Lorenz Curve as a General Tool of Economic Analysis,” Econ. Record, Sept. 1964:
RES. Manufacturing Development and Economic Growth in Southeast Asia; Text on Economic Development with special reference to Asia.
Instr. econ., Harvard, 1958-61, tutor Lowell House, 1958- 61; asso. with Pakistan and Iran Advisory Project, 1958-61; research fellow, Australian Nat’l U., 1961-65; asst. prof., Williams Coll., 1965-68, U. British Columbia since 1968.

Source: American Economic Association, List of Members, 1969 p. 173.

In Memoriam:
Professor emeritus Geoffrey Hainsworth
1934 – 2011

Geoffrey was born in Bramley, Yorkshire. In 1952 he received a state scholarship to attend the University of London, graduating from the London School of Economics in 1954 and receiving the Allyn Young Honours Prize. A Fulbright Scholars grant enabled him to obtain his PhD at the University of California at Berkeley, his thesis being classical theories of overseas development, a subject he pursued throughout his working life. He taught at Harvard from 1958 to 1960 while supervising the study program for foreign service fellows under the Harvard Development Advisory Service, along with participation in Pakistan’s Second Five‑Year Plan. He spent 1960 to 1965 as a research fellow and instructor at the Australian National University in Canberra, with research work in Papua New Guinea. His three children were born in Canberra. Returning to the US, he taught at Williams College in Massachusetts while supervising specially selected mature foreign student fellows at the Centre for Economic Development. Geoffrey started his career at UBC in 1968, where he founded the Centre for Southeast Asia Studies, retiring as its director in 2001. He was one of a select Canadian Educators Group invited in 1976 to visit institutions in China. He organized the first international conference for Southeast Asian Studies in 1979 and was twice elected president of the Canadian Council for Southeast Asian Studies. He was greatly respected and valued by colleagues in Canada and abroad, having lived in Malaysia, Indonesia and Vietnam working with their governmental agencies and their universities. Dedicated to equality, justice and compassion, he touched the lives of many. Learning, understanding and laughter was his way.

SourceThe University of British Columbia Magazine.

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PAPANEK, Gustav F., academic; b. Vienna, Austria, 1926; B.S., Cornell U., 1947; M.A., Harvard, 1949, Ph.D., 1951.
DOC. DIS. Food Rationing in Britain, 1939-1945, 1950.
PUB. Pakistan’s Development – Social Goals and Private Incentives, 1967; Development Policy – Theory and Practice (ed.), 1968.
RES. Development Policy II – The Pakistan Experience. Dep. chief, Program Planning for S. & S.E. Asia, Dept. of State, Tech. Cooperation Adm., 1951-54; actg. project dir. & advr., Harvard Advisory Group to Planning Commn., Pakistan, 1954-58; dep. dir., Dev. Advry. Service, 1958-65, dir. since 1965.

Source: American Economic Association, List of Members, 1969 p. 332.

Gustav Fritz Papanek
d. September 20, 2022

Professor Gustav Fritz Papanek, died peacefully at his home in Lexington, MA on September 20, 2022. Gus, the husband of the late Hanna Kaiser Papanek was born in Vienna, Austria on July 12, 1926, the son of the late Dr. Ernst Papanek and Dr. Helene Papanek. His father was a committed social democrat and educator who was forced into exile in 1935 as the impending storm approached in Germany and Austria. His mother, a physician, looked after Gus and his late brother, George as Ernst evaded persecution. As Socialists and Jews, the family fled initially to France where Ernst ran homes for refugee children. Gus met his future wife Hanna when they were 13 years old in one of the children’s homes. With the impending fall of France, the family knew that Europe was no longer safe for them and in 1940 with the support of the International Rescue Committee they made it to New York. Gus frequently reminisced about teaching English during the journey and sailing into New York Harbor past the Statue of Liberty.

 

Gus graduated from high school at age 16 and went to Cornell University – initially studying agriculture and working his way through school with farm jobs. His college years were interrupted by WWII – he enlisted in the army and was trained in the infantry and artillery until the army realized that a native German speaker was more valuable in military intelligence. Gus trained at the well-known Fort Ritchie in Maryland and was then deployed to Germany where he assisted in finding Nazi war criminals. He was always proud of his military service.

 

When he returned home, he graduated from Cornell. Gus and Hanna married soon after their college graduation. Gus went on to study economics at Harvard University under John Kenneth Galbraith, receiving his Ph.D. In 1952. Hanna received her Ph.D. in Sociology at Harvard, and their careers and work were entwined for the duration of their nearly 70-year marriage. Gus went on to take a job in the US State Department in Washington, DC working with the Agency for International Development – however it was the height of the McCarthy era and Gus was fired for his socialist beliefs. He rebounded and returned to Harvard where he began his life’s work of studying income distribution, employment, and poverty in developing countries. He and Hanna moved to Karachi, Pakistan with daughter Joanne and son Tom, returning to Harvard in 1958. Gus worked in many countries in Asia, Africa, and Latin America – advising governments on developing effective economic policies Gus ultimately specialized in Asian economies where he was recognized as a pre-eminent expert on Pakistan and Indonesia. He developed strong ties in both countries as a friend and trusted advisor. During the struggle for the independence of East Pakistan, Gus was an active advocate testifying before the US Congress and recognized by the government of Bangladesh as a Friend or the Liberation War Honor.

 

In 1974, Gus moved to Boston University as Chair of Economics, building a renowned department with strong interests in development economics. During his career, Gus trained two generations of economists who would go on to take important leadership positions in their home countries. After achieving emeritus status at BU, Gus continued his consulting work through his company the Boston Institute for Development Economics – working on books, papers and giving invited university lectures until several months ago. This year, he sent his last two books to the publisher – one a blueprint for the Indonesian economy and the last a memoir drawn from a series of talks that he gave to family and friends this past spring.

 

Gus was devoted to his family – teaching his son and daughter to ski, white-water kayak and hike in New Hampshire and Maine, and snorkel the reefs of the Caribbean. For over 40 years, Gus and Hanna’s vacation home in Brownfield, ME was a focal point of family life for their children and grandchildren. As Gus traversed the globe, he always ensured that his itinerary included Chicago to spend time with Tom, Doris, and their children. He and Hanna traveled widely – often visiting family and drawn overseas by interests in other cultures and landmarks. They instilled their love of travel in their grandchildren, who accompanied them on many journeys over the years. Meals were the focal point of family gatherings – with long, spirited and often political conversations – always concluding with chocolate in some form.

 

Gus is survived by his son Tom Papanek (Doris Wells Papanek) of Barrington, IL, daughter Joanne Papanek Orlando (Rocco Orlando, III) of South Glastonbury, CT, grandchildren Jessica Papanek, Julia Papanek, Rocco Orlando, IV (Katie Moran), Alexander Orlando, great granddaughters Brooke and Willow Orlando as well as his nephew Michael Papanek, niece Deborah Ferreira (Chris). His niece Susan Papanek McHugh (Steve) pre-deceased him recently.

Source: Gustav Fritz Papanek of Lexington, Massachusetts, 2022 Obituary. Anderson-Bryant Funeral Home (September 30, 2022).

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David E. Bell, the Clarence James Gamble Professor of Population Sciences and International Health Emeritus, died Sept. 6, 2000, after a brief illness. He was 81.
An economist who served as special assistant under President Truman and as director of the U.S. Bureau of the Budget and of the Agency for International Development (USAID) under President Kennedy, Bell headed the Harvard Advisory Group to Pakistan from 1954 to 1957, an effort that later evolved into the Harvard Institute for International Development (HIID) and more recently the Center for International Development (CID). From 1957 to 1960, he taught economics at Harvard.
In the 1960s and ’70s, Bell led the international work of the Ford Foundation. He returned to Harvard in 1981, becoming director of the Center for Population and Development Studies at the School of Public Health (HSPH). He became emeritus in 1988, but continued to work at the Center on a daily basis, making himself available to students, fellows, and faculty who were able to benefit from his experience and wisdom.
University Provost Harvey Fineberg said of Bell: “David Bell lived a life dedicated to public service and to education. His leadership was the bedrock for programs in population and international health at the School of Public Health and the Center for Population and Development Studies. He was an invaluable guide to a generation of students and to colleagues at every stage of their careers. Anyone privileged to work with him became better by the experience.”
Lincoln Chen, formerly the Taro Takemi Professor of International Health at HSPH and currently executive vice president for program strategy at the Rockefeller Foundation, had this to say of his former colleague:
“David Bell was a supreme global public servant, bringing his talents, skills, and commitments to solving some of the world’s most pressing problems — health, population, economic development. Due to his modesty and despite his extraordinary history of work, David Bell’s contributions are imbedded in the people and institutions he helped create, nurture, and grow. He did little to aggrandize his own name or reputation; indeed, his stature and wisdom were such that it was not necessary.”
Derek Bok, the Three Hundredth Anniversary University Professor and Harvard President Emeritus, called David Bell “one of the finest human beings I have been privileged to know during my 40 years at Harvard. His combination of experience, judgment, compassion, and impeccable ethical standards are simply irreplaceable.”
Born in Jamestown, N.D. in 1919, Bell earned his bachelor’s degree in 1939 from Pomona College in Claremont, Calif., and his master’s degree from Harvard in 1941. His pursuit of a doctoral degree was interrupted when he agreed to direct the Harvard Advisory Group to Pakistan.
A fellowship was established in his honor at the Center in 1991, helping to host fellows with the objective of preparing scholars, managers, and policy makers for leadership roles in developing countries. The David E. Bell Lecture Series was inaugurated in 1999.
He leaves his wife of 56 years, Mary Barry Bell; his daughter, Susan Bell of Putney, VT; his son, Peter Bell of Watertown, MA; his sister, Barbara Bell Dwiggins of San Luis Obispo, CA.; seven grandchildren; and two great-grandchildren.

Source:  Ken Gewertz, “Economist David Bell dies at 81,” The Harvard Gazette, September 21, 2000.

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Course Announcement

Economics 169 (formerly Economics 108). Theory and Problems of Economic Development, I
Half course (fall term). M., W., (F.), at 12. Professor [Edward S.] Mason, Dr. [Gustav] Papanek and Mr. [David] Bell.

A systematic survey of the subject, including consideration of theories of growth for both advanced and underdeveloped economies, the different historical paths to development, and the problems of technological change, capital accumulation, and economic planning. Intended for advanced undergraduates and graduates.
Prerequisite: Economics 98a.
[Junior year tutorial for credit dealing with macroeconomic theories and policies. The course serves as preparation for more specialized training in the subject matter in Group IV graduate and undergraduate courses. The course consists of both lectures and tutorial, normally with one lecture and one tutorial session per week. It was taught by Professor Smithies in 1960-61.]

Economics 170 (formerly Economics 108). Theory and Problems of Economic Development, II
Half course (spring term). M., W., (F.), at 12. Professor [John Kenneth] Galbraith, Dr. Hainsworth and Mr. [David] Bell.

A continuation of Economics 169. Prerequisite: Economics 98a or 169.

Source: Harvard University, Faculty of Arts and Sciences. Courses of Instruction, 1960-1961. Official Register of Harvard University, Vol. 57, No. 21 (August 29, 1960), pp.97-98.

__________________________

Course Enrollments and Staffing

[Economics] 169 (formerly Economics 108). Theory and Problems of Economic Development, I. Dr. Hainsworth and Mr. Bell. Half course. (Fall)

Total 58: 12 Graduates, 8 Seniors, 4 Juniors, 3 Sophomores, 4 Radcliffe, 27 Others.

[Economics] 170 (formerly Economics 108). Theory and Problems of Economic Development, II. Dr. Papanek. Half course. (Spring)

Total 58: 10 Graduates, 8 Seniors, 9 Juniors, 2 Sophomores, 3 Radcliffe, 26 Others.

Source: Harvard University. Report of the President, 1960-61, p. 77.

__________________________

Course Outline and Reading Assignments

Economics 169
Theories and Problems of Economic Development (I)
Fall 1960

  1. Introduction:

Scope and method of course, definition and measurement of economic development, characteristics of underdeveloped countries.
(September 26-30)

Assigned reading:

W. A. Lewis, Theory of Economic Growth, Ch. 1 and appendix

S. Kuznets, Six Lectures on Economic Growth, Lectures I and III

Suggested reading:

E. E. Hagen, “Some Facts About Income Levels and Economic Growth,” Review of Economics and Statistics, Feb. 1960

M. Abramovitz, “The Welfare Interpretation of Secular Trends in National Income and Product,” in The Allocation of Economic Resources (Stanford, 1959)

  1. Evolution of Growth Theories in Advanced Countries
    (October 3-28)

Assigned Reading:

Meier and Baldwin, Economic Development, Chs. 1-4

H. Mint, Theories of Welfare Economics, Ch. 1

Allyn Young, “Increasing Returns and Economic Progress,” Economic Journal, Dec. 1928, reprinted in R. V. Clemens, Readings in Economic Analysis, Vol. I, Ch. 6.

W. J. Baumol, Economic Dynamics: An Introduction, Ch. 2

W. Fellner, Trends and Cycles in Economic Activity, Chs. 4-9

Suggested Reading:

E. Domar, Essays in the Theory of Econmic Growth, Ch. 1

K. Boulding, “In Defense of Statics,” Quarterly Journal of Economics, Nov. 1955.

J. M. Letiche, “The Relevance of Classical and Contemporary Theories of Growth to Economic Development,” American Economic Review, Proceedings, May 1954.

  1. Historical Patterns of Economic Development
    (October 31 – November 25)

Assigned Reading:

Meier and Baldwin, op. cit., Chs. 7,8,9.

H. F. Williamson (ed.) The Growth of the American Economy, Chs. 1, 5, 17, 34, 48.

B. Higgins, Economic Development, Chs. 9 and 10.

A. Bergson (ed.), Soviet Economic Growth, Chs. 1 and 2.

W. W. Lockwood, Economic Development of Japan, Chs. 1 and 10.

Suggested Reading:

W. Rostow, Stages of Economic Growth.

T. S. Ashton, The Industrial Revolution 1760-1830.

W. Ashworth, A Short History of the International Economy 1850-1950, esp. Chs. 1, 2, 3.

E. A. J. Johnson and H. E. Knoos, The Origins and Development of the American Economy.

Committee for Economic Development, Economic Growth in the United States, Feb. 1958

  1. Theories of Underdevelopment and How Development Can be Started
    (November 28 – December 21)

Assigned Reading:

B. Higgins, Economic Development, Part IV.

Suggested Reading:

P. Baran, “The Political Economy of Backwardness,” The Manchester School, Jan. 1950

E. Hagen, “How Economic Growth Begins,” Public Opinion Quarterly, Fall, 1958.

A. Hirschman, The Strategy of Economic Development.

H. Leibenstein, Economic Backwardness and Economic Growth.

H. Myint, “An Interpretation of Economic Backwardness,” Oxford Economic Papers, June 1954.

H. Oshima, “Economic Growth and the ‘Critical Minimum Effort’”, Economic Development and Cultural Change, July 1959

W. Rostow, “The Take-off into Sustained Growth,” Economic Journal, March 1956.

*  *  *  *  *  *  *  *  *  *  *  *

Economics 170
Theories and Problems of Economic Development II
Spring 1961

  1. Political, Social, Cultural Factors – Organizations and Institutions
    (February 6-10)

Assigned Reading:

W. A. Lewis, Theory of Economic Growth, pp. 57-162, 408-418

P. Baran, “The Political Economy of Backwardness,” The Manchester School, January 1950. (Reprinted in Agarwala and Singh, op. cit.)

G. A. Almond and J. S. Coleman (Eds.), The Politics of the Developing Areas, pp. 536-544

Suggested Reading:

S. Frankel, Economic Impact on Underdeveloped Societies, Chapter 8

M. Levy, “Some Social Obstacles to Capital Formation in Underdeveloped Areas,” in Capital Formation and Economic Growth, (Princeton 1955)

T. Parsons, [title left blank] in The Challenge of Development (Tel Aviv 1957)

  1. Productivity, Technology and Technical Change
    (February 13-24)

Assigned Reading:

Lewis, Chapter 4

C. P. Kindleberger, Economic Development, Chapters 6 & 10

Suggested Reading:

C. Kerr, “Productivity and Labor Relations,” in Productivity and Progress, (Proceedings of the Summer School, Australian Institute of Political Science, 1957)

R. Eckaus, “Factor Proportions in Underdeveloped Areas,” American Economic Review, September 1955, (Reprinted in Agarwala and Singh, op. cit.)

G. Ranis, “Factor Proportions in Japanese Development,” American Economic Review, September 1957

W. Moore, Industrialization and Labor

T. Scitovsky, “Two Concepts of External Economics,” Journal of Political Economy, April 1954

J. A. Stockfisch, “External Economics, Investment, and Foresight,” Journal of Political Economy, October 1955

A. Hirschman, “Investment Policies and ‘Dualism’ in Underdeveloped Countries,” American Economic Review, September 1957

  1. Capital Accumulation
    (February 27 – March 22)

Assigned Reading:

Lewis, pp. 201-244

R. Nurkse, Problems of Capital Formation in Underdeveloped Countries, Chapters 1-3

N. Kaldor, Indian Tax Reform: Report of a Survey (New Delhi, 1956)

Bernstein and Patel, “Inflation in Relation to Economic Development,” International Monetary Fund Staff Papers, 1952

T. Schelling, “American Aid and Economic Development: Some Critical Issues,” in International Stability and Progress (The American Assembly, 1957)

Suggested Reading:

R. Mikesell, Promoting U. S. Private Investment Abroad, (National Planning Association Pamphlet, 1957)

M. Bronfenbrenner, “The Appeal of Confiscation in Economic Development,” Economic Development and Cultural Change, April 1955

S. Kuznets, “Economic Growth and Income Inequality,” American Economic Review, March 1955

  1. Planning and Resource Allocation
    (March 24 – April 19)

Assigned Reading:

G. Haberler, International Trade and Economic Development, (National Bank of Egypt Lectures, 1959)

E. Mason, Economic Planning: Government and Business in Economic Development(Fordham University Lectures 1958)

J. Tinbergen, The Design of Development, (Johns Hopkins, 1958), pp. 1-58

G. Papanek, Framing a Development Program, (International Conciliation, March 1960), p. 307-337

Suggested Reading:

R. Nurkse, “Reflections on India’s Development Plan,” Quarterly Journal of Economics, May 1957

W. Nicholls, “Investment in Agriculture in Underdeveloped Countries,” American Economic Review, Papers and Proceedings, May 1955

W. A. Lewis, “On Assessing a Development Plan,” Economic Bulletin, (Ghana), May – June 1959
(Mimeographed copies are on reserve in Lamont and Littauer Libraries)

D. Bell, “Allocating Development Resources: Some Observations Based on Pakistan Experience,” Public Policy IX, (Yearbook of the Graduate School of Public Administration, Harvard University, 1959)

  1. Case Studies
    (April 21 – May 1)

Note:
This is a preliminary list only. Other countries may be added and the assignments for the countries now listed will be changed to some extent.

Assigned Reading:
The assigned reading for this section of the course is the material listed below for one country only. (Students coming from underdeveloped countries are requested to read the material for a country other than their own. Please note that there will be one question on the final examination calling for an answer in terms of the country selected.
There will be no additional assignment during the reading period.

Indonesia

Background:

L. Fischer, The Story of Indonesia

Development Problems:

B. Higgins, Indonesia’s Economic Stabilization and Development

B. Higgins, Economic Development, pp. 50-58, 730-741

India

Background:

M. Zinkin, Development for Free Asia

Development Problems:

Government of India, Second five Year Plan, Chapters 1-7

Government of India, Second Five Year Plan Progress Report, 1958-59 (April 1960), pp. 1-28

M. Brower, “Foreign Exchange Shortage and Inflation Under India’s Second Plan,” Public Policy IX, 1959

W. Malenbaum, “India and China, Contrasts in Development,” American Economic Review, June 1959

R. Nurkse, “Reflections on India’s Development Plan,” Quarterly Journal of Economics, May 1957

Pakistan

Background:

M. Zinkin, Development for Free Asia

Development Problems:

Government of Pakistan, Second Five Year Plan (June 1960), pp. 1-118, 397-414

Government of Pakistan, Planning Commission, Report of the Panel of Economists on the Second Five Year Plan (August 1959)

F. Shorter, “Foodgrains Policy in East Pakistan,” Public Policy IX, 1959

Ghana

Background:

D. Apter, The Gold Coast In Transition

Development Problems:

Government of Ghana, Second Development Plan (March 1959)

Government of Ghana, Economic Survey 1958

W. A. Lewis, “On Assessing a Development Plan,” Economic Bulletin, June-July 1959 (Mimeographed copies on reserve in Lamont and Littauer Libraries).

Western Nigeria

Background:

IBRD Mission, The Economic Development of Nigeria, 1955

Government of Western Nigeria, Development of the Western Region of Nigeria 1955-60

Government of Western Nigeria, Progress Report on the Development of the Western Region of Nigeria, 1959

Government of Nigeria, Economic Survey of Nigeria 1959

  1. Summary and Conclusions
    (May 3)

Source: Harvard University Archives. Syllabi, course outlines and reading lists in Economics, 1895-2003. Box 8, Folder “Economics, 1960-1961 (2 of 2)”.

__________________

ECONOMICS 169
Final Examination
January 25, 1961

Answer five questions, one from each part of the examination. Observe the time allocation of each part: weight in grading will be apportioned in correspondence with this allocation.

Part I (30 minutes)

Answer ONE of the following questions:

  1. Compare and contrast the analysis of “the limits to the production of wealth” in the writings of two of the following authors: A. Smith, D. Ricardo, J. S. Mill.
  2. “The classical theory of economic policy was not simply a doctrinaire adherence to the prescription: ‘Laissez-faire’. It is better regarded as a series of individual and practical suggestions on how an underdeveloped country might best achieve economic growth.”
    Discuss the above quotation with reference to the recommendations for economic policy of either a leading classical economist, or the classical economists in general.
Part II (45 minutes)

Answer ONE of the following questions:

  1. Give a brief account of the views of two of the following authors on the subject of capital and its investment (and, where possible, on innovation), and compare their relevance to the conditions of present-day underdeveloped countries: Karl Marx, J. A. Schumpeter, J. M. Keynes, W. Fellner, E. Domar (or R. F. Harrod).
  2. “Both neoclassical and modern theories of the determination of national output are greatly dependent upon the institutional structure of the countries whose economic operations they were devised to explain. Both sets of theory, therefore, are very limited in their application to other institutional frameworks — particularly those of 20th century underdeveloped countries.”
    To what extent do you believe the above to be a valid criticism of attempts to apply either neoclassical or modern economic theory to underdeveloped countries? Is any attempt made to qualify such theory when it is so applied?
    (You may illustrate your answer by reference to the structure of a presently underdeveloped country.)
    Can you suggest any major respects in which neoclassical or modern theory might be amended when applied to such a context? Or is the criticism valid to the extent of making such attempts at amendment futile?
Part III (30 minutes)
  1. Give an account of the influence of one of the following components in the economic development of either the United Kingdom in the 18th and 19th centuries, or the United States in the 19th and early 20thcenturies:
    1. land use and ownership
    2. location of industry
    3. capital formation
    4. transport and communications
    5. staple industries
    6. foreign commerce.

Note: In dealing with either the U.K. or the U.S. experience, it is permissible to draw upon the experience of the other country for purposes of comparison or contrast.

Part IV (30 minutes)
  1. You are economic advisor to the Prime Minister of Pogoland, a recently independent country with 60 million inhabitants. It has little industry in the modern sense; an agriculture that produces enough rice for home consumption; a per capita income of $50; small exports of pepper use to finance its very limited import needs (luxury goods for the small wealthy class, and some capital goods largely for the transport system). The country has some raw materials for industry, but not much. It can increase agricultural production, and there is a good international market for some of its agricultural products.
    The Prime Minister, who is a highly intelligent and able man with a degree in Elizabethan poetry from Oxford, has been impressed by the rapid and successful development of Japan and Russia. He would like you to outline very briefly (he is both busy and intelligent) what major aspects of either the Japanese or the Russian experience he can apply in his country, and what aspects he cannot apply, and why or why not. He is notinterested in receiving direct recommendations for Pogoland as such, only in the major aspects of Japanese or Russian experience which could, or could not, be useful to him.
Part V (45 minutes)
Reading Period Assignment
  1. As announced in lecture before Reading Period, you are expected to give a critical appraisal of a recent contribution to the discussion of one of these issues in development theory:
    1. Population.
    2. Dual economies, or the problem of backwardness.
    3. Motivation, or’ other social/cultural factors.
    4. Balanced vs. unbalanced growth.
    5. The “big push” or “critical minimum effort.”
    6. Stages of economic growth, the concept of take-off.

Note: Pleaase indicate clearly at the beginning of your discussion the contribution (article, articles, etc) you have selected for appraisal.

Source: Harvard University Archives. Faculty of Arts and Sciences, Papers Printed for Final Examinations [in] History, History of Religions,.., Economics,…Naval Science, Air Science. January 1961. In the bound volume: Social Sciences, Final Examinations, January 1961.

Image Source: (Young) Gustav Papanek during a trip to Asia. From BBC “How we endured the McCarthy purges in US” (12 May 2019).

 

Categories
Economists Harvard

Harvard. Application for PhD candidacy. Edward S. Mason, 1923

Below you will find a transcription of the paper trail of Edward Sagendorph Mason that documents the satisfaction of the requirements for his Ph.D. in economics (Harvard, 1925). 

Understatement is almost an art form in the hands of the chairman (Professor Frank W. Taussig) of Mason’s final doctoral examination  that followed acceptance of his dissertation: “His showing was highly creditable, even brilliant”.

_______________________

HARVARD UNIVERSITY
DIVISION OF HISTORY, GOVERNMENT, AND ECONOMICS

Application for Candidacy for the Degree of Ph.D.

[Note: Boldface used to indicate printed text of the application; italics used to indicate the handwritten entries]

I. Full Name, with date and place of birth.

Edward Sagendorph Mason, Clinton, Iowa. Feb. 22, 1899.

II. Academic Career: (Mention, with dates inclusive, colleges or other higher institutions of learning attended; and teaching positions held.)

University of Kansas 1916-’19
Harvard (graduate school) one year 1919-’20
Oxford University (Lincoln College) 1920-’23

III. Degrees already attained. (Mention institutions and dates.)

A.B. Kansas 1919
M.A. Harvard 1920
B. Litt. Oxford 1923

IV. General Preparation. (Indicate briefly the range and character of your undergraduate studies in History, Economics, Government, and in such other fields as Ancient and Modern Languages, Philosophy, etc.)

30-40 hours in Economics (Theory – Econ. Hist. – Banking – Hist. of Theory)
Political theory – American government.
English History – Modern French History.
French – 3 years.
English literature – 20-30 hours.

V. Department of Study. (Do you propose to offer yourself for the Ph.D., “History,” in “Economics,” or in “Political Science”?)

Economics

VI. Choice of Subjects for the General Examination. (State briefly the nature of your preparation in each subject, as by Harvard courses, courses taken elsewhere, private reading, teaching the subject, etc., etc.)

  1. Economic Theory. – Econ 11 at Harvard. Elementary and advanced courses at Kansas. – Reading and lectures in England and Germany.
    History of Theory (from Plato & Aristotle). Elementary course at Kansas – Reading and lectures at Oxford
  2. Statistics. – Graduate course at Harvard. Additional Reading.
  3. Public Finance. – Graduate course at Harvard.
  4. Economic History of England and the United States. – Elementary course in U.S. Econ. History at Kansas. Lectures and reading at Oxford.
  5. American Government and Constitutional Law. – Elementary course in Am. Gov. at Kansas. Graduate course in Const. Law at Harvard. Additional reading.
  6. International Trade

VII. Special Subject for the special examination.

International Trade

VIII. Thesis Subject. (State the subject and mention the instructor who knows most about your work upon it.)

Dumping – A Study of Certain International Trade Practices. England, Germany and the United States (B. Litt. Dissertation at Oxford in this subject. May submit same at Harvard.)
Professor Taussig.

IX. Examinations. (Indicate any preferences as to the time of the general and special examinations.)

General Examination. June 10th or after.
Special Examination. Next year.

X. Remarks

Attendance at Oxford makes it impossible for me to present myself before June 10th at the earliest.

Signature of a member of the Division certifying approval of the above outline of subjects.

[signed] F. W. Taussig

*   *   *   [Last page of application] *   *   *

[Not to be filled out by the applicant]

Name: Edward S. Mason

Approved: May 28, 1923

Ability to use French certified by C. J. Bullock. Oct 3, 1923.

Ability to use German certified by  C. J. Bullock. Oct. 3, 1923.

Date of general examination November 27, 1923. Passed. F.W. Taussig, ch[airman]

Thesis received 22 December 1924.

Read by Professors Taussig, Young, Williams.

Approved 14 January 1925.

Date of special examination 22 January 1925. Passed F.W.T.

Recommended for the Doctorate [left blank]

Degree conferred 24 February 1925

Remarks.  [left blank]

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

Record of E. S. Mason in the
Graduate School of Arts and Sciences

1919-20
Economics 11
[Economic Theory. Prof. Taussig]
A
Economics 31
[Public Finance, Prof. Bullock]
A minus
Economics 41
[Statistics: Theory and Analysis, Asst. Prof. Day]
B plus
Government 19
[American Constitutional Law,
Mr. MacLeish]
A
A.M.  1920

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

Dean not amused by late application

28 April 1923

My dear Mr. Mason:

Your application requesting for arrangements for a general examination this year has just been received. I am rather surprised that you should hand it in at such a late date and expect us to meke such arrangements. The list of examinations has been scheduled and printed for some weeks, and we cannot guarantee examinations for anyone after the first of June as it is exceedingly difficult to secure the presence of all the members of the examining comittee in Cambridge on the same day after the close of the lecture period. If you will indicate definitely the date of your return, which you mention vaguely in your letter, we shall try, however to arrange a committee for you at that time. Nothing can be promised, but we shall try to do what we can. I appreciate the convenience to you of taking the general examination this year, but I beg to remind you that due notice should be given of your plan of study and of your application for a general examination.

Very truly yours,
[unsigned carbon copy]

Edward S. Mason

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

Mason responds to the Dean regarding an early date for his general examination

Lincoln College,
Oxford.

May 9, 1923.

Dean C. H. Haskins,
Harvard University.

My dear Sir –

If it is convenient for you and for the examiners I should like to take the Ph.D. general examination (Economics) on June 12th. I am writing to Professor Bullock, my examiner in French and German, asking to be allowed to present myself June 11th for the language examinations.

May I emphasize again that if it causes the slightest inconvenience to yourself or the examiners, I should very much like to have the examination postponed till October or November, since I intend to be at Harvard next year in any case.

Thanking you for the trouble you have taken.

I am,

Very Truly Yours,
[signed] Edward S. Mason

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

Division Memo Regarding Planned General Examination (undated)

HARVARD UNIVERSITY
(INTER-DEPARTMENTAL CORRESPONDENCE SHEET)

Cambridge, Massachusetts

Edward S. Mason

June 10, or after.

  1. [Taussig] Economic Theory
  2. [Bullock] History of Theory (from Plato to Aristotle)
  3. [Crum] Statistics
  4. [Burbank] Public Finance
  5. [Usher] Economic History of England and the United States
  6. [Holcombe] American Government and Constitutional Law.

Special field: International Trade

Thesis being done with Professor Taussig.
Professor Taussig has signed the application.

French and German not certified.

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

22 May 1923

My dear Mr. Mason;

In view of the difficulty of arranging an examination so late in the year, and also in view of the fact that you have not satisfied your French and Gorman requirement, I think it would be better if the examination went over till fall. There will be no difficulty in arranging an examination for you early in October, if you so desire.

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

Certification of reading knowledge
of French and German

HARVARD UNIVERSITY
Department of Economics

Cambridge, Massachusetts
October 3, 1923.

Dear Haskins:

I have examined Mr. E. S. Mason, and find that he has such a knowledge of French and German as we require of candidates for the doctor’s degree.

Very truly yours,
[signed]
Charles J. Bullock

Dean C. H. Haskins

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

General exam postponed

21 November 1925

My dear Mr. Mason:

I am sorry to have to tell you that I have just now received a telegram from Professor Taussig from Yonkers, New York, saying that he has been detained by the sudden death of his brother, and that your examination would have to be postponed. I will let you know as soon as I hear anything further from him,

Very truly yours,
Secretary of the Division.

Mr. E. S. Mason

[Note: Frank Taussig’s brother, mayor Walter Morris Taussig of Yonkers, New York, committed suicide on Nov. 21, 1923.]

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

New Date for General Examination

23 November 1923

My dear Mr. Mason:

Your general examination is to be held on Tuesday, 27 November, at 4 p.m., in Upper Massachusette Hall.

Very truly yours.
Secretary of the Division.

Mr. E. S. Mason

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

General examination passed

HARVARD UNIVERSITY
Department of Economics

Cambridge, Massachusetts
November 30, 1923.

Dear Haskins:

As Chairman of the Committee appointed to conduct the general examination of Edward S. Mason, I have to report that Mr. Mason passed the examination by unanimous vote of the Committee.

Very truly yours,
[signed]
F. W. Taussig

Dean C. H. Haskins

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

Thesis accepted, but…

15 January 1925

My dear Mr. Mason:

I am happy to inform you that your thesis has been accepted. Under ordinary circumstances we should be glad to arrange your special examination as soon as practicable, but I cannot guarantee presence of a committee during the midyear examination period and the time is now too short to arrange
an examination in the next few days. Moreover, I do not see how you can be admitted to the final examination until you present suitable evidence of your graduate study elsewhere and you have been accepted by the authorities of the Graduate School as a candidate for the Doctorate. I understand from Dr. Robinson that the papers which you were to submit in support of your application for the Ph.D. have not yet been filed.

Sincerely yours,
[Initialed] C. H. H.

Mr. E. S. Mason

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

Papers in order, so special examination
can take place

16 January 1925

My dear Mr. Mason:

Since you have now straightened out the matter concerning which Professor Haskins wrote you yesterday, we are arranging your special examination for Thursday, 22 January, at 4 p.m. The committee will consist of Professors Taussig (chairman), Young, Williams, and Persons. I trust that this will be convenient for you. I will let you know about the place later.

Very truly yours,
[unsigned carbon copy]
Secretary of the Division.

Dr. E. S. Mason

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

Date and committee
for special examination

19 January 1925

My dear Mr. Mason:

This is to remind you that your special examination for the Ph.D. in Economics is to be held on Thursday, 22 January, at 4 p.m., in Widener U. The committee will consist of Professors Taussig (chairman), Young, Williams, and Persons.

Very truly yours,
[unsigned carbon copy]
Secretary of the Division.

Dr. E. S. Mason

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

Special examination passed

HARVARD UNIVERSITY
Department of Economics

Cambridge, Massachusetts
January 27, 1925.

Dear Haskins:

I have to report that Edward S. Mason passed his special examination for the Ph.D. degree on Thursday, January 22, by unanimous vote of the Committee. His showing was highly creditable, even brilliant.

Very truly yours,
[signed]
F. W. Taussig

Dean C. H. Haskins

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

Source: Harvard University Archives. Division of History, Government & Economics. PhD. Examinations, Box 6: 1924-26.

Image Source: Portrait of Edward S. Mason included in the Harvard Class Album 1932.

Categories
Economic History Harvard

Harvard. Modern European Economic History. Gay, 1906-1907

 

Edwin F. Gay was promoted to the rank of professor in 1906 and served as the acting chairman of the Harvard economics department during Thomas Nixon Carver’s leave of absence. He then became the chair of the department in 1907. This was followed by his appointment as the first dean of the newly established Graduate School of Business Administration in 1908.

___________________________

Earlier, related posts

A brief course description for Economics 11 plus the exams from 1902-03.

Exams for 1903-04.

Exams for 1904-05.

Exams for 1905-06.

A short bibliography for “serious students” of economic history assembled by Gay and published in 1910 has also been posted.

________________________

Course Enrollment
1906-07

Economics 11. Professor Gay. — Modern Economic History of Europe.

Total 25: 8 Graduates, 4 Seniors, 4 Juniors, 6 Sophomores, 3 Others.

Source: Harvard University. Report of the President of Harvard College, 1906-1907, p. 71.

________________________

ECONOMICS 11
Mid-year Examination, 1906-07

  1. Describe briefly, with reference to England in the sixteenth century:
    1. the position of the Hanseatic merchants.
    2. the policy with regard to shippingthe law and practice as to usury.
  2. [Gilds]
    1. Cunningham says: “It is probable that the powers of the gilds had been so much affected by the legislation of Edward VI. that they had but little influence either for good or evil.”
      What precisely was this legislation? What was the attitude of the Tudor governments to the craft gilds?
    2. He also states that the craft gilds, “before the close of Elizabeth’s reign were reconstituted, or companies which corresponded to them were created anew.… These companies were different in many ways from the craft gilds, even when they were erected upon their ruins.”
      Do Ashley and Unwin agree with this view? What are the facts in regard to the development of gild organization under Elizabeth?
    3. State briefly, as compared with England, the chief points of analogy and difference in Continental gild history.
  3. [Wages and prices]
    1. Criticise the following: “In the sixteenth century, when prices as well as wages were still frequently settled by authority, the competition of the laborers for food would not have such immediate effects on prices as in modern times; the regulation would tend to hasten the entire exhaustion of the supply, rather than to bring about a further rise of price.”
      What was the regulation of prices and wages here mentioned? Do you think it had any appreciable effect on the movement of prices or wages in the sixteenth century?
    2. What in general was the price movement of that period and what caused it? What are the difficulties in comparing the purchasing power of a shilling in 1450, 1550, and 1907.
  4. What were the salient features of the Mercantile System?

Source: Harvard University Archives. Harvard University. Mid-year Examinations, 1852-1943. Box 7, Bound Volume: Examination Papers, Mid-Years 1906-07.

________________________

ECONOMICS 11
Year-end Examination, 1906-07

  1. Explain briefly: —

(1) aulnager.
(2) ship-money.
(3) the “vend.”
(4) South Sea Bubble.
(5) contractus trinius.
(6) commenda.

  1. [Mercantile policies]
    1. State the chief provisions and significance of

(a) the Statute of Artificers,
(b) the Navigation Act, and
(c) the Corn Law of 1688.

    1. When was the policy embodied in a and c changed, and under what circumstances?

III. [Company organization]

    1. What were the forms of company organization in England? What change took place in public sentiment regarding them?
    2. Compare the development of mercantile companies in England, France, and Holland.
  1. [Domestic system vs. wage labor system]
    1. Comment on the following: “The distinguishing feature of the capitalist, as contrasted with the domestic, system lies in the fact, that under the former scheme, employers or undertakers own the materials and pay the wages, whereas in the domestic system the workman is his own master; he owns the materials on which he works and sells the product of his labour.”
    2. Give examples from the textile industries of three types of the domestic system.

Take one of the following.

  1. Discuss this statement: “There has been a tendency to associate the great commercial expansion of the seventeenth century with the name of Cromwell…. It is difficult to see that any evidence whatever can be adduced in support of this view, while there is much to be said against it.”
  2. “With a country almost naturally defenceless, engaged by position and religion in conflicts far beyond their real national strength, the Dutch at length became exhausted by the pressure of the taxes they paid.” Is this an adequate explanation of the economic decline of Holland? If not, what is the explanation?

Source: Harvard University Archives. Harvard University, Examination Papers, 1873-1915. Box 8, Bound vol. Examination Papers 1906-07 (HUC 7000.25), pp. 33-34.

Image Source: Harvard Class Album, 1914. Colorized by Economics in the Rear-view Mirror.

Categories
Bibliography Development Harvard

Harvard. Seminar Bibliography on Economic Development. Mason and Galbraith, 1960-61

When John Kenneth Galbraith received a phone call on December 7, 1960 from President-elect John Fitzgerald Kennedy asking him to serve as the U.S. Ambassador to India, he was approaching the end of the first semester of a two semester seminar on problems of economic and political development that he led together with with his colleague, the Dean of the Graduate School of Public Administration, Edward S. Mason. The seminar was a joint production of the Department of Economics and the Graduate School of Public Administration and originally brought on line by Galbraith.

As can be seen in the official staffing/enrollment information given in the Harvard President’s Report for 1960-61, the spring semester was not offered, almost certainly as the result of Galbraith taking a leave of absence beginning in the spring semester. The handwritten date on the seminar bibliography in the Harvard archives is “October 10, 1960”. At that time both Mason and Galbraith would have presumed the seminar would run for both the fall and spring semesters. For this reason, I believe it is reasonable to assume both professors were responsible in some part for the the bibliography as transcribed below. One may also assume  that Gustav Papanek, who later headed Harvard’s Development Advisory Service from 1962-1970, probably also had a hand in drafting the bibliography.

________________________

Course Announcement

Economics 287. Seminar: Problems of Economic and Political Development (Offered jointly with the Graduate School of Public Administration)

Full course. Tu., 2-4. Professors Mason and Galbraith; Drs. Papanek and Hainsworth; Mr. Bell.

Source: Official Register of Harvard University, Vol. LVII, No. 21 (August 29, 1960), Faculty of Arts and Sciences, Courses of Instruction, 1960-1961. p. 102.

________________________

Staffing and Enrollments
in Economics 287

1952-53

No enrollment figures given for that year.
Not listed in the course announcements

However in Galbraith’s papers one finds a reading list dated 1952-53 along with typed notes for the first meeting of the seminar.

1953-54

[Economics] 287. Seminar on Problems of Economic and Political Development (Offered jointly with the Graduate School of Public Administration). Professor Galbraith.
Full course.

Fall.

Total 12: 6 [Arts and Sciences] Graduates, 2 Other Graduates, 2 Seniors, 1 Radcliffe, 1 Other.

Spring.

Total 14: 6 [Arts and Sciences] Graduates, 5 Other Graduates, 1 Senior, 1 Radcliffe, 1 Other.

Source: Harvard University. Report of the President of Harvard College, 1953-54, p. 103.

1954-55

[Economics] 287. Seminar on Problems of Economic and Political Development (Offered jointly with the Graduate School of Public Administration). Professor Galbraith.
Half course. Fall.

Total 18: 7 [Arts and Sciences] Graduates, 8 Other Graduates, 3 Radcliffe.

Source: Harvard University. Report of the President of Harvard College, 1954-55, p. 94.

1955-56

Not offered

1956-57

[Economics] 287. Seminar on Problems of Economic and Political Development (Offered jointly with the Graduate School of Public Administration). Professor Galbraith.
Half course. Fall.

Total 14: 5 [Arts and Sciences] Graduates, 7 Other Graduates, 1 Senior, 1 Radcliffe.

Source: Harvard University. Report of the President of Harvard College, 1956-57, p. 73.

1957-58

Economics] 287. Seminar on Problems of Economic and Political Development (Offered jointly with the Graduate School of Public Administration). Professor Galbraith and others.
Full course.

Fall.

Total 21: 7 [Arts and Sciences] Graduates, 14 Other Graduates.

Spring.

Total 22: 8 [Arts and Sciences] Graduates, 14 Other Graduates.

Source: Harvard University. Report of the President of Harvard College, 1957-58, p. 85.

1958-59

Economics] 287. Seminar on Problems of Economic and Political Development (Offered jointly with the Graduate School of Public Administration). Professors Galbraith  and Kuznets (Johns Hopkins University); Drs. Hainsworth, A. J. Meyer and Papanek; Mr. Bell.
Full course.

Fall.

Total 33: 5 [Arts and Sciences] Graduates, 24 Other Graduates, 1 Senior, 3 Radcliffe.

Spring.

Total 36: 6 [Arts and Sciences] Graduates, 25 Other Graduates, 2 Seniors, 2 Radcliffe, 1 Other.

Source: Harvard University. Report of the President of Harvard College, 1958-59, p. 74.

1959-60

Economics] 287. Seminar: Problems of Economic and Political Development (Offered jointly with the Graduate School of Public Administration). Professors Mason and Galbraith, Drs. A. J. Meyer, Papanek and Mr. Bell.
Full course.

Fall.

Total 23: 6 [Arts and Sciences] Graduates, 13 Other Graduates, 1 Senior, 1 Radcliffe, 2 Others.

Spring.

Total 23: 6 [Arts and Sciences] Graduates, 12 Other Graduates, 1 Seniors, 2 Radcliffe, 2 Other.

Source: Harvard University. Report of the President of Harvard College, 1959-60, p. 86.

1960-61

[Economics] 287. Problems of Economic and Political Development (Offered jointly with the Graduate School of Public Administration). Professor Mason; Drs. Papanek and Hainsworth.
Half course. Fall.

Total 28: 12 [Arts and Sciences] Graduates, 14 Other Graduates, 1 Radcliffe, 1 Other.

Source: Harvard University. Report of the President of Harvard College, 1960-1961, p. 80.

________________________

ECONOMICS 287
SELECTED BIBLIOGRAPHY ON ECONOMIC DEVELOPMENT
[21 October 1960]

The following bibliography is a selected list of books and articles intended to cover most of the major theoretical and empirical studies concerned with economic growth in underdeveloped areas, that have been published in recent years. No attempt has been made to include (a) major work in the historical evolution of economic thought (Smith, Ricardo, Marx, Schumpeter, etc.); (b) modern theoretical work on economic growth in advanced countries (Harrod, Domar, Fellner, Duesenberry, etc.); or (c) empirical work dealing with the growth of the advanced countries — all of which may be very useful in the attempt to understand the problems of underdeveloped countries and what can be done to assist their economic progress.

The purpose was to produce a short list. Necessarily, many interesting and useful items have been omitted. No major contributions have been omitted intentionally, however, and the users of the bibliography are requested to bring such omissions to the notice of those in charge of the seminar.

The principle of selection has been indicated above. The limits of coverage were set largely in accord with the practice of the Seminar on Economic Development. That is, the focus is primarily on economic issues, with the word “economic” interpreted fairly broadly. In addition, some attention is given to political, social, and cultural matters insofar as they are directly related to economic development. This gives a coverage which overlaps to some extent the fields of government, sociology, and anthropology, and perhaps other disciplines. It might be well to make clear that this bibliography is not intended to cover the works in those other disciplines which are concerned with social, political, and cultural change as such, but only the relationships of such types of change to economic development.

All suggestions for improvement will be welcome.

________________________

CONTENTS
  1. Selected Bibliography on Economic Development
    1. General
      1. Primarily Theoretical
      2. Primarily Historical and Descriptive
    2. Planning
      1. Primarily Theoretical
      2. Primarily Descriptive
    3. Mobilization of Resources
      1. Domestic Resources
      2. Foreign Private Investment
      3. Foreign Public Grants and Loans
    4. International Trade
    5. Land and Agriculture
    6. Labor
    7. Entrepreneurship
    8. Population
    9. Measurement of National Income
    10. Political, Social, and Cultural Factors in Economic Development
  2. Other Bibliographies
  3. Some Major Compilations of Statistical Information

________________________

  1. SELECTED BIBLIOGRAPHY ON ECONOMIC DEVELOPMENT
    1. GENERAL
      1. Primarily Theoretical

Baran, Paul, “On the Political Economy of Backwardness,” The Manchester School, January 1950.

Bauer, P. T., Economic Analysis and Policy in Underdeveloped Countries, (Durham, N.C.: Duke University Press, 1957).

Borts, G. H., “Returns Equalization and Regional Growth,” American Economic Review, June 1960.

Burtle, J., “Parametric Maps of Different Types of Economic Development,” Review of Economics and Statistics, February 1960.

Dupriez, L. H. (ed.), Economic Progress, (Papers by Kuznets, Cairncross, and others), (Louvain: 1955).

Hagen, E. E., “How Economic Growth Begins: A General Theory Applied to Japan,” Public Opinion Quarterly, Fall 1958.

Higgins, Benjamin, Economic Development, (New York: Norton, 1959).

Hirschman, Albert O. The Strategy of Economic Development, (New Haven: Yale University Press, 1958).

Leibenstein, Harvey, Economic Backwardness and Economic Growth, (New York: John Wiley and Sons, 1957).

Lewis, W. Arthur, The Theory of Economic Growth, (Homewood, Illinois: Richard D. Irwin, Inc., 1955).

Mason, E. S., Economic Planning in Underdeveloped Areas: Government and Business, (New York: Fordham University Press, 1958).

Myint, H., “An Interpretation of Economic Backwardness,” Oxford Economic Papers, June 1954.

Myrdal, Gunnar, An International Economy, (New York: Harpers, 1957).

North, Douglass G., “A Note on Professor Rostow’s ‘Take-off’ into Self-Sustained Economic Growth,” The Manchester School, January 1958.

Nurkse, Ragnar, Problems of Capital Formation in Underdeveloped Countries, (New York: Oxford University Press, 1953).

Oshima, H. T., “Underemployment in Backward Economies: An Empirical Comment,” Journal of Political Economy, June 1958.

Oshima, H. T., “Economic Growth and the ‘Critical Minimum Effort’,” Economic Development and Cultural Change, July 1959.

Rao, V.K.R.V., “Investment, Income and the Multiplier in an Underdeveloped Economy,” Indian Economic Review, February 1952.

Rosenstein-Rodan, P., “Problems of Industrialization of Eastern and South-Eastern Europe,” Economic Journal, June-September 1943.

Rostow, W. W., “The Take-Off into Self-Sustained Growth,” Economic Journal, March 1956.

Scitovsky, T., “Two Concepts of External Economies,” Journal of Political Economy, April 1954.

Sheahan, John, “International Specialization and the Concept of Balanced Growth,” Quarterly Journal of Economics, May 1958.

Singer, H. W., “The Mechanics of Economic Development, A Quantitative Model Approach,” Indian Economic Review, August 1952.

Solow, R., “A Contribution to the Theory of Economic Growth,” Quarterly Journal of Economics, February 1956.

Stockfisch, J. A., “External Economies, Investment and Foresight,” Journal of Political Economy, October 1955.

Swan, T. W., “Economic Growth and Capital Accumulation,” Economic Record, November 1956.

Tinbergen, J., International Economic Integration, (Amsterdam: Elsevier, 1954).

U. N. — Processes and Problems of Industrialization in Under-Developed Countries, (New York: 1955).

Villard, H. H., Economic Development. (New York: Rinehart, 1959).

Young, Allyn, “Increasing Returns and Economic Progress,” Economic Journal, December 1928.

      1. Primarily Historical and Descriptive

Abramovitz, Moses, Resource and Output Trends in the United States Since 1870, (National Bureau of Economic Research, Inc.: Occasional Paper 52, 1956).

Bergson, A., Soviet Economic Growth: Conditions and Perspectives, (Evanston, Ill.: Row, Peterson, 1953).

Boeke, Julius H., Economics and Economic Policy of Dual Societies as Exemplified by Indonesia, (New York: International Secretariat, Institute of Pacific Relations, 1953).

Felix, David, “Profit Inflation and Industrial Growth. The Historic Record and Contemporary Analogue,” Quarterly Journal of Economics, August 1956.

Gerschenkron, Alexander, “Economic Backwardness in Historical Perspective,” Hoselitz, Bert (ed.), The Progress of Underdeveloped Areas, (Chicago: University of Chicago Press, 1952).

Griliches, Z., “Research Costs and Social Returns: Hybrid Corn and Related Innovations,” Journal of Political Economy, October 1958.

Hagen, Everett B., The Economic Development of Burma, (Washington: National Planning Association, 1956).

Higgins, B., Indonesia’s Economic Stabilization and Development, (New York: Institute of Pacific Relations, 1957).

Hoeffding, Oleg, “Soviet State Planning and Forced Industrialization as a Model for Asia,” (RAND Corporation, August 1958).

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

International Bank for Reconstruction and Development, The Economic Development of Mexico, (Baltimore: Johns Hopkins Press, 1953).

Kuznets, Simon, “Underdeveloped Countries and the Pre-Industrial Phase in the Advanced Countries: An Attempt at Comparison,” Proceedings of the World Population Conference, 1954, (Papers, Volume V, United Nations, New York).

Kuznets, Simon, “Toward a Theory of Economic Growth,” in Lekachman (ed.), National Policy for Economic Welfare at Home and Abroad, (Garden City, N.Y.: Doubleday, 1955).

Kuznets, Simon, “Economic Growth and Income Inequality,” American Economic Review, March 1955.

Kuznets, Simon, Six Lectures on Economic Growth, (Glencoe, Ill.: Free Press, 1959).

Kuznets, Simon, “Quantitative Aspects of the Economic Growth of Nations,” Economic Development and Cultural Change: “I. Levels and Variability of Rates of Growth,” October 1956; “II. Industrial Distribution of National Product and Labor Force,” July 1957; “III. Industrial Distribution of Income and Labor Force by States, United States, 1919-21 to 1955,” July 1958; “IV. Distribution of National Income by Factor Shares,” April 1959; “V. Capital Formation Proportions: International Comparisons for Recent Years,” July 1960.

Li, Choh Ming, Economic Development of Communist China, (Berkeley and Los Angeles: University of California Press, 1959).

Lockwood, W. W., The Economic Development of Japan: Growth, and Structural Change, 1868-1938, (Princeton: Princeton University Press, 1954).

Malenbaum, Wilfred, “India and China: Contrasts in Development,” American Economic Review, June 1959.

Ranis, Gustav, “Factor Proportions in Japanese Economic Development,” American Economic Review, September 1957.

Reubens, E. P., “Opportunities, Governments, and Economic Development in Manchuria, 1860-1940,” in H.G.J. Aitken (ed.), The State and Economic Growth, (New York: Social Science Research Council, 1959).

Rostow, W. W., The Stages of Economic Growth, (Cambridge University Press, 1960).

“The Satellites in Eastern Europe,” Annals of the American Academy of Political and Social Sciences, May 1958.

Schultz, T. W. “Capital Formation by Education,” to be published in the Journal of Political Economy, December 1960.

Solomon, Morton, “The Structure of the Market in Underdeveloped Economies,” in Shannon, Lyle W. (ed.), Underdeveloped Areas: a Book of Readings and Research, (New York: Harper, 1957).

Solow, R., “Technical Change and The Aggregate Production Function,” Review of Economics and Statistics, August 1957.

Thompson, C. H. and Woodraff, H. W., Economic Development in Rhodesia and Nyasaland, (London: Dennis Dobson, 1955).

U.N. — Economic Survey of Africa since 1950, (New York: 1959).

U.N. — Structure and Growth of Selected African Economies, (New York: 1957).

Zinkin, M., Development for Free Asia, (Fairlawn, New Jersey: Essential Books, Inc., 1956).

    1. PLANNING
      1. Primarily Theoretical

Bator, F. F., “On Capital Productivity, Input Allocation, and Growth,” Quarterly Journal of Economics, February 1957.

Chenery, H. B., “The Application of Investment Criteria,” Quarterly Journal of Economics, February 1953.

Chenery, H. B., “Development Policies and Programmes,” Economic Bulletin for Latin America, March 1958.

Chenery, H. B., “The Interdependence of Investment Decisions,” in The Allocation of Economic Resources, Essays in Honor of B. F. Haley, (Stanford University Press, 1959).

Dobb, M., Economic Growth and Planning. (New York: Monthly Review Press, 1960).

Eckaus, R. S., “The Factor Proportions Problem in Underdeveloped Areas,” American Economic Review, September 1955.

Eckstein, O., “Investment Criteria for Economic Development and the Theory of Intertemporal Welfare Economics,” Quarterly Journal of Economics, February 1957.

Galenson, W. and Leibenstein, H., “Investment Criteria, Productivity and Economic Development,” Quarterly Journal of Economics, August 1955.

Lewis, W. A., The Principles of Economic Planning, (London: Dennis Dobson, 1952).

Lewis, W. A., “On Assessing a Development Plan,” The Economic Bulletin, (Ghana) June-July 1959.

Muranjam, S. K., “The Tools of Planning,” Indian Economic Journal, January 1957.

Sen, A. K., “Some Notes on the Choice of Capital-Intensity in Development Planning,” Quarterly Journal of Economics, November 1957.

Sen, A. K., “Choice of Capital Intensity Further Considered,” Quarterly Journal of Economics, August 1959.

Tinbergen, J., “The Optimum Rate of Saving,” Economic Journal, December 1956.

Tinbergen, J., The Design of Development, (Baltimore: Johns Hopkins Press, 1958).

Tinbergen, J., Optimum Savings and Utility Maximization Over Time,” Econometrica, April 1960.

U. S. Department of State, Office of Intelligence Research, “Use of the Capital-Output Ratio in Programming and Analyzing Economic Development,” February 1956.

      1. Primarily Descriptive

Aubrey, Henry, “Small Industry in Economic Development,” Social Research, September 1951.

Baer, Werner, “Puerto Rico: An Evaluation of a Successful Development Program,” Quarterly Journal of Economics, November 1959.

Bicanic, Rudolph, “Economic Growth Under Centralized and Decentralized Planning — A Case Study,” Economic Development and Cultural Change, October 1957.

Gadgil, D. R., “Prospects for the Second Five-Year Plan Period,” India Quarterly, Vol. XIII, (January-March 1957), p. 5.

Government of Ceylon, National Planning Council, Papers by Visiting Economists, (Colombo: 1959).

Hsia, R., Economic Planning in Communist China, (New York: International Secretariat, Institute of Pacific Relations, 1955).

Government of India, Planning Commission, “Memorandum of the Panel of Economists and Note of Dissent by Prof. B. R. Shenoy,” and “The Plan Frame,” Papers Relating to the Formulation of the Second Five Year Plan, (Delhi: 1955).

Government of India, Planning Commission, “Development of the Economy,” and “Approach to the Second Five Year Plan,” Second Five Year Plan, (Delhi: 1956).

Komiya, R., “A Note on Professor Mahalanobis’ Model of Indian Economic Planning, Review of Economics and Statistics, February 1959.

Government of Pakistan, National Planning Board, “Planning the Development Programme,” and “Putting the Development Programme into Operation,” First Five Year Plan, 1955-60, (Karachi: Government of Pakistan, 1957).

    1. MOBILIZATION OF RESOURCES
      1. Domestic Resources

Bernstein, E. M. and Patel, I. G., Inflation in Relation to Economic Development (International Monetary Fund, 1952).

Bloomfield, Arthur I., “Monetary Policy in Underdeveloped Countries,” Public Policy, Vol. VII, (Cambridge, Mass.: Graduate School Public Administration, 1956).

Bronfenbrenner, M., “The Appeal of Confiscation in Economic Development,” Economic Development and Cultural Change, April 1955.

Diamond, W., Development Banks, (Baltimore: Johns Hopkins, 1957).

Froomkin, Joseph, “A Program for Taxation and Economic Development — The Indian Case,” (Review article of Report of Indian Taxation Enquiry Commission, 1953-54), Economic Development and Cultural Change, January 1958.

Government of India, Planning Commission, “Finance and Foreign Exchange,” Second Five Year Plan, (Delhi: 1956).

Kaldor, Nicholas, Indian Tax Reform: Report of a Survey, (New Delhi: Indian Ministry of Finance, 1956).

Lewis, W. A., “Economic Development with Unlimited Supplies of Labour,” The Manchester School, May 1954.

Martin, A. M. and Lewis, W. A., “Patterns of Public Revenue and Expenditure,” The Manchester School, September 1956.

Oshima, H. T., “Share of Government in Gross National Product for Various Countries,” American Economic Review, June 1957.

Government of Pakistan, National Planning Board, “Internal Financial Resources,” and “Public Savings,” First Five Year Plan, 1955-60, (Karachi: 1957).

Sturmthal, Adolph, “Economic Development, Income Distribution, and Capital Formation in Mexico,” Journal of Political Economy, June 1955.

Wald, H. P., Taxation of Agricultural Land in Underdeveloped Economies, (Cambridge, Mass.: Harvard University Press, 1959).

      1. Foreign Private Investment

Finnie, David H., Desert Enterprise: The Middle East Oil Industry in its Local Environment, (Cambridge, Mass.: Harvard University Press, 1958).

Mikesell, Raymond F., Promoting U. S. Private Investment Abroad, (Washington: National Planning Association, 1957).

Wolf, Charles and Sufrin, Sidney, Capital Formation and Foreign Investment in Underdeveloped Areas, (Syracuse: Syracuse University Press, 1955).

      1. Foreign Public Grants and Loans

The American Assembly, International Stability and Progress: United States Interests and Instruments, (New York: Graduate School of Business, Columbia University, 1957).

Cairncross, Alec, The International Bank for Reconstruction and Development, (Princeton University Essays in International Finance, No. 33, March 1959).

Friedman, Milton, “Foreign Economic Aid,” Yale Review. Summer 1958.

Millikan, Max F. and Rostow, W. W., A Proposal, Key to an Effective Foreign Policy, (New York: Harper Bros., 1957).

Report of The President’s Committee to Study the United States Military Assistance Program, (Washington: August 17, 1959).

Sapir, M., The New Role of the Soviets in the World Economy, (New York: Committee for Economic Development, 1958).

Wolf, C., Foreign Aid: Theory and Practice in Southern Asia, (Princeton: Princeton University Press, 1960).

    1. INTERNATIONAL TRADE

Bauer, Peter T., West African Trade, (Cambridge: Cambridge University Press, 1954).

Haberler, G., Campos, R., Meade, J., and Tinbergen, J., Trends in International Trade, (Geneva: General Agreement on Tariffs and Trade, 1958).

Haberler, G., International Trade and Economic Development, (Cairo: National, Bank of Egypt, 1959).

Mikesell, R. F., Foreign Exchange in the Postwar World, (New York: Twentieth Century Fund, 1954).

Myint, H., “The Classical Theory of International Trade and the Underdeveloped Countries,” Economic Journal, June 1958.

Nurkse, R., et. al, “The Quest for a Stabilization Policy in Primary Producing Countries: A Symposium,” Kyklos, 1958

Nurkse, R., Patterns of Trade and Development, (Stockholm: Almqvist and Wiksell, 1959).

U. N. — Instability in Export Markets of Underdeveloped Countries, (New York: 1952).

    1. LAND AND AGRICULTURE

Baldwin, K. D. S., The Niger Agricultural Project, (Cambridge: Harvard University Press, 1957).

Black, John D. and Stewart, H. L., Economics of Agriculture for India, (Delhi: Government of India, 1954).

Darling, Malcolm L., The Punjab Peasant in Prosperity and Debt (New York: Oxford University Press, 1925).

Gaitskell, Arthur, Gezira. A Story of Development in the Sudan, (London: Faber and Faber, 1959).

Johnston, Bruce, The Staple Food Economies of Western Tropical Africa, (Stanford University Press, 1958).

Mellor, John W. and Stevens, Robert D., “The Average and Marginal Product of Farm Labor in Underdeveloped Economies,” Journal of Farm Economics, August 1956.

Neale, Walter C., “The Limitations of Indian Village Survey Data,” Journal of Asian Studies, May 1958.

U. N. — “Productivity of Labour and Land in Latin American Agriculture,” Economic Survey of Latin America, 1956.

U. N. — Food and Agriculture Organization, Uses of Agricultural Surpluses to Finance Economic Development, (Rome: 1955).

Warriner, Doreen, Land Reform and Economic Development in the Middle East, (London: 1957).

Wickizer, V. D. and Bennett, M. K., The Rice Economy of Monsoon Asia, (Stanford University Press, 1941).

    1. LABOR

de Buey, P., “The Productivity of African Labour,” International Labour Review, August-September 1955.

Galenson, W. (ed.), Labor and Economic Development, (New York: Wiley, 1959).

Husain, A. F. A., Human and Social Impact of Technological Change in Pakistan, Vol. 1, (Pakistan: Oxford University Press, 1956).

Kerr, C., Dunlop, J. T., Harbison, F. C., Myers, C. A., Industrialism and Industrial Man, (Cambridge: Harvard University Press, 1960).

Moore, Wilbert Ellis, Industrialization and Labor, (Ithaca: Cornell University Press, 1952).

Sayigh, Yusif A., “Management-Labour Relations in Selected Arab Countries: Major Aspects and Determinants,” International Labour Review, June 1958.

Myers, Charles, Problems of Labor in the Industrialization of India, (Cambridge: Harvard University Press, 1958).

    1. ENTREPRENEURSHIP

Aubrey, Henry G., “Industrial Investment Decisions: A Comparative Analysis,” Journal of Economic History, December 1955.

Eckstein, Alexander, “Individualism and the Role of the State in Economic Growth,” Economic Development and Cultural Change, January 1958.

Harbison, Frederick, “Entrepreneurial Organization as a Factor in Economic Development,” Quarterly Journal of Economics, August 1956.

Prakesh, O., “Industrial Development Corporations in India and Pakistan,” Economic Journal, March 1957.

UNESCO, “Economic Motivations and Stimulations in Underdeveloped Countries,” International Social Science Bulletin, Vol. VI, No. 3, 1954.

    1. POPULATION

Coale, A. and Hoover, E. M., Population Growth and Economic Development in Low-income Countries, (Princeton: Princeton University Press, 1958).

Hagen, E. E., “Population and Economic Growth,” American Economic Review, June 1959.

Taeuber, Irene, The Population of Japan, (Princeton: 1958).

U. N. — Department of Social Affairs, The Determinants and Consequences of Population Trends, (New York: 1953).

U. N. — Technical Assistance Administration, Asia and the Far East: Seminar on Population, (New York: 1957).

    1. MEASUREMENT OF NATIONAL INCOME

Abramovitz, M., “The Welfare Interpretation of Secular Trends in National Income and Product,” in The Allocation of Economic Resources, Essays in Honor of B. F. Haley, (Stanford University Press, 1959).

Deane, Phyllis, Colonial Social Accounting, (Cambridge University Press, 1953).

Goldsmith, Raymond and Saunders, Christopher, (ed.), “The Measurement of National Wealth,” Income and Wealth Series VIII, (London: Bowes and Bowes, 1959).

Income and Wealth: Series III, (International Association for Research in Income and Wealth), (Cambridge: Bowes and Bowes, 1953), especially contributions by Frankel, Benham, Rao, and Creamer.

Kravis, I. B., “The Scope of Economic Activity in International Income Comparisons,” in Problems in the International Comparison of Economic Accounts, Studies in Income and Wealth, Vol. 20, (Princeton University Press, 1957).

Kuznets, Simon, Economic Change, (New York: Norton, 1953).

    1. POLITICAL, SOCIAL, AND CULTURAL FACTORS IN ECONOMIC DEVELOPMENT

Almond, Gabriel A. and Coleman, James S., The Politics of the Developing Areas, (Princeton University Press, 1960).

Banfield, E. C., The Moral Basis of a Backward Society, (Glencoe, Ill.: Free Press, 1958).

Baster, Janes, “Development and the Free Economy — Some Typical Dilemmas,” Kyklos, Vol. VII, 1954.

Brzezinski, Zbigniew, “The Politics of Underdevelopment,” World Politics, October 1956.

Dike, K. O., Trade and Polities in the Niger Delta, (Oxford: 1956).

Dube, S. C., India’s Changing Villages, (Ithaca, N. Y.: Cornell University Press, 1958).

Farmanfarmaian, Khodadad, “Social Change and Economic Behavior in Iran,” Explorations in Entrepreneurial History, February 1957.

Hoselitz, Bert F. (ed.), The Progress of Underdeveloped Areas, (University of Chicago Press, 1952).

McClelland, David C., “Some Social Consequences of Achievement Motivation,” in Nebraska Symposium on Motivation, (University of Nebraska Press, 1955).

McKitterick, T. E. M., “Politics and Economics in the Middle East,” The Political Quarterly, January-March 1955.

Oliver, Henry M., Economic Opinion and Policy in Ceylon, (Durham: Duke University Press, 1957).

Shea, T. W., “Barriers to Economic Development in Traditional Societies: Malabar, A Case Study,” Journal of Economic History, December 1959.

Singer, Milton, “Cultural Values in India’s Economic Development,” Annals of the American Academy of Political and Social Sciences, May 1956.

U. N. — “Three Sociological Aspects of Economic Development,” Economic Review of Latin America, 1955.

Weiner, M., “Changing Patterns of Political Leadership in West Bengal,” Pacific Affairs, September 1959.

  1. OTHER BIBLIOGRAPHIES

Hald, Marjorie, A Selected Bibliography on Economic Development and Foreign Aid, (Santa Monica, California: RAND Corporation, 1957).

Hazelwood, Arthur, The Economies of ‘Under-Developed’ Areas, (London: Oxford University Press, second edition, 1959).

Trager, Frank N. “A Selected and Annotated Bibliography on Economic Development, 1953-57,” Economic Development and Cultural Change, July 1958.

  1. SOME MAJOR COMPILATIONS OF STATISTICAL INFORMATION

U. K. Government, Board of Trade, Overseas Economic Surveys.

International Monetary Fund, International Financial Statistics.

International Labour Office, International Labour Review — Statistical Supplement.

United Nations, Statistical Office, Statistical Papers (various series).

United Nations, Statistical Office, Statistical Yearbook.

United Nations, Statistical Office, Demographic Yearbook.

United Nations, Department of Economic and Social Affairs, Public Finance Information Papers.

United Nations, Department of Economic and Social Affairs, Economic Surveys (for various regions).

Source: Harvard University Archives. Syllabi, course outlines and reading lists in Economics, 1895-2003.Box 8, Folder “Economics 1960-61 (2 of 2)”.

Images: Portrait of Edward S. Mason (ca. 1960) from the Harry S. Truman Library. Portrait of John Kenneth Galbraith from the Harvard Class Album 1959.

 

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Exam Questions Harvard Industrial Organization Problem Sets

Harvard. Economics of Corporations. Report assignments and final exam. Ripley, 1906-1907

This version of William Ripley’s course on corporations was the fourth time of what would become a standard offering. He was an institutionalist-style economist who wallowed in the utter variety of economic organisations, be they on the side of labor or corporate capital. These did not fit neatly into the perfectly competitive theory of markets. He was interested in larger molecules and not so much in the atoms of economic life.

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Other Corporations/Industrial Organization Related Posts
for William Z. Ripley

Problems of Labor and Industrial Organization, 1902-1903.

Economics of Corporations, 1903-1904.

Economics of Corporations, 1904-05 (with Vanderveer Custis)

Economics of Corporations, 1914-1915.

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Course Readings

Cases for the course are most certainly found in Trusts, Pools and Corporations (1905), edited with an introduction by William Z. Ripley. From the series of Volumes Selections and Documents in Economics, edited by William Z. Ripley published by Ginn and Company, Boston.

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Course Enrollment
1906-07

Economics 9b 2hf. Professor Ripley, assisted by Dr. [Stuart] Daggett. — Economics of Corporations.

Total 236: 11 Graduates, 70 Seniors, 103 Juniors, 40 Sophomores, 1 Freshman, 11 Others.

Source: Harvard University. Report of the President of Harvard College, 1906-1907, p. 71.

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HARVARD UNIVERSITY

1907
ECONOMICS 92

ASSIGNMENT OF REPORTS.

Exact references by title, volume, and page must be given in foot-notes for all facts cited! This condition is absolutely imperative. Failure to comply with it will vitiate the entire report.

GROUP A

Students will report upon the organization and present character of one industrial combination in the United States. This will be indicated by a number, placed against the student’s name on the enrolment slip, which number refers to the industrial combination similarly numbered on this sheet. See directions on last page.

GROUP B

Students will compare the character and extent of industrial control in two different industries in the United States. These are indicated by numbers given below, which are posted against the student’s name on the enrolment slip. The aim should be to point out and explain any discoverable differences in the nature or extent of the industrial monopoly attained in the two industries concerned. Mere description of conditions in either case will not suffice; actual comparison is demanded. The parallel column method is suggested. See directions on last page.

GROUP C

Students will compare industrial combinations in different countries of Europe with one another, or with corresponding ones in the United States. The assignment of industries will be made by numbers, referring to the list below, these numbers being posted against the student’s name on the enrolment slip. Mere description will not be accepted; the student will be judged by the degree of critical comparison offered. Parallel columns may be used to advantage. See directions on last page.

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

The letters preceding the assignment number against the student’s name refer to the group in which the report is to be made. Thus, for example: “31 A” on the enrolment slip indicates that the student is to report upon the American Cotton Oil Co.; “2 & 64 B,” that a comparison of the American Bridge Co. and the United States Leather Co. in the United States is expected; while “59 & 158 C” calls for an international comparison of industrial organizations in thread manufacture as described under Group C.

INDUSTRIAL COMBINATIONS
IN THE UNITED STATES

A star indicates that data will be found in Industrial Commission Reports, Vol. I or XIII.

  1. American Axe and Tool Co., 1889.
  2. American Bridge Co., 1900. (See No. 123.)
  3. American Iron and Steel Mfg. Co., 1899.
  4. American Steel Foundries Co., 1902.
  5. *American Radiator Co., 1899.
  6. *American Sheet Steel Co., 1900. (See No. 123.)
  7. *American Steel and Wire Co. of New Jersey, 1899, (See No. 123.)
  8. American Steel Casting Co., 1894.
  9. *American Steel Hoop Co., 1899. (See No. 128.)
  10. *American Tin Plate Co., 1898. (See No. 123.)
  11. *Federal Steel Co., 1898. (See No. 123.)
  12. International Steam Pump Co., 1899.
  13. *National Shear Co., 1898.
  14. *National Steel Co., 1899. (See No. 123.)
  15. National Tube Co., 1899. (See No. 123.)
  16. *Otis Elevator Co., 1898.
  17. Republic Iron and Steel Co., 1899.
  18. United Shoe Machinery Co., 1899.
  19. United States Cast Iron Pipe and Foundry Co., 1899.
  20. American Beet Sugar Co., 1899.
  21. *American Chicle Co., 1899.
  22. Corn Products Co., 1902.
  23. *American Sugar Refining Co., 1891.
  24. *Glucose Sugar Refining Co., 1897.
  25. *National Biscuit Co., 1898.
  26. National Sugar Refining Co., 1900.
  27. *Royal Baking Powder Co., 1899.
  28. United States Flour Milling Co., 1899.
  29. *American Fisheries Co., 1899.
  30. American Agricultural Chemical Co., 1899.
  31. *American Cotton Oil Co., 1889.
  32. American Linseed Co., 1898.
  33. *Fisheries Co., The, 1900.
  34. *General Chemical Co., 1899.
  35. *National Salt Co., 1899.
  36. *National Starch Manufacturing Co., 1890.
  37. *Standard Oil Co., 1882.
  38. Virginia-Carolina Chemical Co., 1895.
  39. American Shot and Lead Co., 1890.
  40. American Smelting and Refining Co., 1899.
  41. American Type Founders Co., 1892.
  42. *International Silver Co., 1898.
  43. National Lead Co., 1891.
  44. American Malting Co., 1897.
  45. American Spirits Manufacturing Co., 1895.
  46. Kentucky Distilleries and Warehouse Co., 1899.
  47. Pittsburgh Brewing Co., 1899.
  48. St. Louis Brewing Association, 1889.
  49. Standard Distilling and Distributing Co., 1898.
  50. *American Bicycle Co., 1899. (Now Pope Bicyele Co.)
  51. American Car and Foundry Co., 1899.
  52. *Pressed Steel Car Co., 1899.
  53. Pullman Co., The, 1899.
  54. American Snuff Co., 1900.
  55. *American Tobacco Co., 1890.
  56. *Continental Tobacco Co., 1898.
  57. *National Cordage Co., 1887. (See No. 62.)
  58. American Felt Co., 1899.
  59. *American Thread Co., 1898.
  60. American Woolen Co., 1899.
  61. New England Cotton Yarn Co., 1899.
  62. *Standard Rope and Twine Co., 1895. (See No. 57.)
  63. American Hide and Leather Co., 1899.
  64. *United States Leather Co., 1893-1905.
  65. American Straw Board Co., 1889.
  66. American Writing Paper Co., 1899.
  67. International Paper Co., 1898.
  68. *National Wall Paper Co., 1892-1905.
  69. Union Bag and Paper Co., 1899.
  70. United States Envelope Co., 1898.
  71. American Clay Manufacturing Co., 1900.
  72. American Window Glass Co., 1899.
  73. International Pulp Co., 1893.
  74. National Fire Proofing Co., 1899.
  75. *National Glass Co., 1899,
  76. *Pittsburgh Plate Glass Co., 1895.
  77. United States Glass Co., 1891.
  78. American School Furniture Co., 1899.
  79. Diamond Match Co., 1889,
  80. National Casket Co., 1890
  81. United States Bobbin and Shuttle Co., 1899,
  82. American Glue Co., 1894.
  83. American Ice Co., 1899.
  84. American Shipbuilding Co., 1899.
  85. American Soda Fountain Co., 1891,
  86. *General Aristo Co. (Photography), 1899.
  87. Rubber Goods Manufacturing Co., 1899.
  88. United States Rubber Co., 1892.
  89. Allis-Chalmers Co., 1901.
  90. American Cigar Co., 1901.
  91. American Grass Twine Co., 1899.
  92. American Light and Traction Co., 1901.
  93. American Locomotive Co., 1901.
  94. American Machine and Ordnance Co., 1902.
  95. American Packing Co., 1902.
  96. American Plow Co., 1901.
  97. American Sewer Pipe Co., 1900.
  98. American Steel Foundries Co., 1902.
  99. Associated Merchants Co., 1901.
  100. Chicago Pneumatic Tool Co., 1902.
  101. Consolidated Railway Lighting and Refrig. Co., 1901.
  102. Consolidated Tobacco Co., 1901.
  103. Corn Products Co., 1902.
  104. Crucible Steel Co., of America, 1900.
  105. Eastman Kodak Co., 1901.
  106. International Harvester Co., 1902.
  107. International Salt Co., 1901. (Also National Salt Co.)
  108. *Jones & Laughlin Steel Co., 1902.
  109. *National Asphalt Co., 1900.
  110. New England Consolidated Ice Co., 1902.
  111. New York Dock Co., 1901.
  112. Pacific Hardware and Steel Co., 1902.
  113. Pennsylvania Steel Co., 1901,
  114. Railway Steel Spring Co., 1902.
  115. International Mercantile Marine Co., 1902.
  116. Northern Securities Co., 1901. (See Library Catalogue.)
  117. United Box, Board and Paper Co., 1902.
  118. United Copper Co., 1902.
  119. United States Cotton Duck Corporation, 1901.
  120. United States Realty and Construction Co., 1902.
  121. United States Reduction and Refining Co., 1901.
  122. United States Shipbuilding Co., 1902.
  123. American Tobacco Co., 1903.
  124. Central Leather Co.
  125. American Ice Securities Co.
  126. Amalgamated Copper Co.
  127. General Electric Co.
  128. United Shoe Machinery Co.
  129. American Telephone and Telegraph Co.
  130. United Gas Improvement Co.
  131. Interborough-Metropolitan Co.
  132. Mass. Electric Companies.
  133. Mass. Gas Companies.
  134. Philadelphia Rapid Transit Co.
  135. Brooklyn Rapid Transit Co.
  136. N. Y. Consolidated Gas Co.
  137. American Express Co.
  138. Adams Express Co.
  139. United States Steel Corporation; Promotion.
  140. United States Steel Corporation; Financial Development.
  141. United States Steel Corporation; Bond Conversion.
  142. United States Steel Corporation; Relations to Employees.
  143. United States Steel Corporation; Earnings, Quotations and Business.

INDUSTRIAL COMBINATIONS IN EUROPE.

[Consult: Industrial Commission, Vol. XVIII; U.S. Special Consular Reports, Vol. XXI, Part III; and London Economist on England since 1895; Griffin’s Library of Congress List of Books on Trusts, 1902, p. 35; and for the respective countries, Stock Exchange Official Intelligence (Lib 5230.7), Salling’s Börsenpapiere (Lib. 5234.5.2), and Annuaire Général des Sociétés françaises par Action (5232.5), On Germany consult also Kontradictorische Verhandlungen über deutsche Kartelle (Lib., Econ. 3871.1).]

  1. Canadian Iron Founders’ Association. (See Canadian Commission on Trusts, 1888.)
  2. *Bleachers’ Association, England.
  3. *Iron Combination, France.
  4. *Iron Combination, Germany. (Stahlwerkverband.)
  5. *Rhenish-Westphalian Coal Syndicate.
  6. *Spirits Combination, Germany.
  7. *United Pencil Factories’ Company, Germany.
  8. *Portland Cement Manufacturers’ Association, England.
  9. *Bradford Dyers’ Association, England.
  10. *Brass Bedstead Association, England.
  11. *British Cotton and Wool Dyers’ Association.
  12. *British Oil and Cake Mills.
  13. *Calico Printers’ Association, England.
  14. *Wall Paper Manufacturers’ Association, England.
  15. *English Sewing Cotton Co.
  16. *Petroleum Combination, Germany.
  17. *Petroleum Combination, France.
  18. *Sugar Combination, Germany.
  19. *Sugar Combination, Austria.
  20. German Salt Combination.
  21. German Potash Combination.
  22. International Sulphur Trust.

DIRECTIONS.

All books here referred to are reserved in Gore Hall.

First.—Secure if possible by correspondence, enclosing ten cents postage, the last or recent annual reports of the company. Unless they are “listed” on the stock exchanges, no reports will be furnished. P. O. addresses for American corporations will be found in the latest Moody’s Manual of Corporation Securities; in 12th U. S. Census, 1900, Manufactures, Part I, p. lxxxvi; in the latest Investors’ Supplement, N. Y. Commercial and Financial Chronicle; or in the Manual of Statistics.

Second.—In all cases where possible (starred on list) consult Vols. I, XIII, or XVIII, U. S. Industrial Commission Reports. Read appropriate testimony in full, consulting lists of witnesses, Vol. I, p. 1263, and Vol. XIII, p. 979; and also using the index and digests freely. Always follow up all cross references in foot-notes in the digests. Duplicate sets of these Reports are in Gore and Harvard Halls.

Third.—For companies organized prior to 1900 look through the bibliography and index in Halle or Jenks for references; and also in Griffin’s Library of Congress List.

Fourth.—Work back carefully through the files of Moody’s Manual of Corporations and of the Investors’ Supplement, N. Y. Commercial and Financial Chronicle. These Supplements, prior to 1902, are bound in with the regular issues of the Chronicle, one number in each volume. Since 1901 they are separately bound for each year. The Investors’ Supplement will be recognized by its gray paper cover, and must be carefully distinguished from the other supplements of the Chronicle. Market prices of securities are given in a distinct Bank and Quotation Supplement, also bound up with the Chronicle. Having found the company in the Investors’ Supplement, follow up all references to articles in the Commercial and Financial Chronicle as given by volume and page. Also use the general index of the latter, separately, for each year since the company was organized.

The files of Bradstreets should also be used, noting carefully that the index in each volume is in three separate divisions, “Editorials” being the most important. The course of prices is summarized at the end of each year in January Bradstreets, and also in Bulletin U. S. Dept. of Labor, No. 29.

Fifth.—The files of trade publications should also be consulted. Among these are Bulletin of the National Wool Manufacturers’ Association, The Iron Age, Dry Goods Economist, etc. (Boston Public Library.)

Sixth.—Read carefully in the U.S. Census the special reports on industries; and compile all data possible as to the growth and development of the industry in general, by means of statistics of production, exports and imports, number of employees and capital invested.

The course of prices of securities in detail for many companies is given in Industrial Commission Reports, Vol. XIII, p. 918, et seq.

As for the form of the reports all pertinent matter may be introduced, proper references to authorities being given. Particular attention is directed to the extent of control, nature and value of physical plant, mode of selling products and fixing prices, amount and character of capitalization, with the purpose for which it was issued, relative market prices of different securities as well as of dividends paid through a series of years, degree of publicity in reports, etc. Mere history is of minor importance, unless it be used to explain some features of the existing situation.

Source: Harvard University Archives. Syllabi, course outlines and reading lists in Economics, 1895-2003. Box 1, Folder “Economics, 1906-1907”.

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ECONOMICS 9b
Year-end Examination, 1906-07

  1. Why was the Sherman Act passed when it was? Describe the general situation.
  2. Show how the competition of a large producer — an industrial combination, for example — located at a distance may operate to restrict the market of a smaller independent concern. Can you suggest any remedy; or is it inevitable?
  3. Invent two cases, typical of the most frequent form of controversies at common law, raising the issue of restraint of trade. Develope (sic) the reasoning involved.
  4. What was “an immunity bath”? How was the matter dealt with by Congress?
  5. Meade gives five reasons for the inferior investment value of industrial, as compared with railway bonds. What are they, succinctly stated?
  6. “The principal point is this: in England the promoters’ and middlemens’ profit is added to the nominal capital of a company, whilst in Germany it is added to the price of the shares.” Show the possible effects of this difference upon each party concerned.
  7. What remedies proposed by Attorney General Knox in 1903 (Trusts, Pools, and Corporations, pp. 262-288) have since been enacted into law? Have new solutions been proposed?
  8. Upon which of the three possible theories for the issuance of corporate capital are the laws of the following states based; viz.: (a) Massachusetts; (b) New Jersey; (c) England.
  9. Outline the experience of the American Window Glass Co. in dealing with labor organizations.

Source: Harvard University Archives. Harvard University, Examination Papers, 1873-1915. Box 8, Bound vol. Examination Papers 1906-07 (HUC 7000.25), p. 33.

Image Source: Share of the Standard Oil Company, issued 1. May 1878. FromWikimedia Commons.