Categories
Bibliography Fields Harvard Suggested Reading

Harvard. Suggested Readings for Tutorial, ca 1951

 

 

While undated, the following set of recommended books by field appears to have been put together for Harvard economics tutors in 1951. This set was found in a separate folder in Professor Alvin Hansen’s papers in the Harvard University Archives (a dozen typed pages, stapled).

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SUGGESTED READING FOR TUTORIAL

These readings are intended as a guide only. If tutors would note any additional material that they find helpful, the list can be revised and kept current. The list includes books only and no periodicals as it is difficult to select the best of these; this does not mean, however, that it is considered inadvisable to assign periodical literature.

 

Economic AnalysisGeneral

J. E. Meade and C. J. Hitch Introduction to Economic Analysis and Public Policy
K. Boulding Economic Analysis
G. J. Stigler Production and Distribution Theories
R. G. D. Allen Mathematical Analysis for Economists
D. Ricardo Principles of Political Economy and Taxation
A. Smith The Wealth of Nations
A. Cournot Mathematical Principles of the Theory of Wealth
J. S. Mill Principles of Political Economy
K. Marx Value, Price and Profit
Wage-Labour and Capital
A. Marshall Principles of Economics
A. C. Pigou Economics of Welfare
K. Wicksell Lectures on Political Economy, v I
J. Robinson Economics of Imperfect Competition
G. H. Chamberlin Theory of Monopolistic Competition
F. H. Knight Risk, Uncertainty, and Profit
A. P. Lerner Economics of Control
O. Lange Economic Theory of Socialism
J. M. Keynes General Theory of Employment, Interest and Money
J. R. Hicks Value and Capital
J. A. Schumpeter Theory of Economic Development
P. A. Samuelson Foundations of Economic Analysis
Irving Fisher The Theory of Interest
L. Robbins The Nature and Significance of Economic Science
Blakiston (pub) Readings in the Theory of Income Distribution
H. S. Ellis (Ed) A Survey of Contemporary Economics

 

History of Economic Thought

A. Gray The Development of Economic Doctrine
E. Roll History of Economic Thought
J. M. Keynes Essays in Biography

 

Socio-Economic Analysis

M. Weber The Theory of Social and Economic Organization
J. A. Schumpeter Capitalism, Socialism, and Democracy
K. Marx The Communist Manifesto
J A. Hobson Imperialism
T. Veblen The Engineers and the Price System
F. H. Knight The Ethics of Competition
P. M. Sweezy The Theory of Capitalist Development
D. M. Wright Democracy and Progress
M. Levy The Family Revolution in China

 

Economic Policy

S. E. Harris (ed) Saving American Capitalism
W. H. Beveridge Full Employment in a Free Society
F. H. Knight Freedom and Reform
H. Simons Economic Policy in A Free Society
F. A. Hayek The Road to Serfdom
J. M. Clark Alternative to Serfdom
C. W. Mills The New Men of Power
United Nations Economic and Social Council
[Authors: J. M. Clark, A. Smithies, N. Kaldor, Pierre Uri, E. R. Walker (chairman)]
National and International Measures for Maintaining Full Employment [1949]
Reports of the President’s Council of Economic Advisers

 

Aggregative Analysis, Business Cycles

S. Kuznets National Income, A Summary of Findings
K. Wicksell Interest and Prices
G. Haberler Prosperity and Depression
J. M. Clark Strategic Factors in Business Cycles
A. H. Hansen Fiscal Policy and Business Cycles
L. R. Klein The Keynesian Revolution
J. Tinbergen Business Cycles in the United States, 1920-1939
J. A. Schumpeter Business Cycles (2 vol)
J. R. Hicks A Contribution to the Theory of the Trade Cycle
C. Clark The Conditions of Economic Progress
R. F. Harrod Toward a Dynamic Economics
Blakiston (pub) Readings in Business Cycle Theory
L. R. Klein Economic Fluctuations in the United States 1921-1941
D. H. Robertson Banking Policy and the Price Level

 

Money and Banking

R. G. Hawtrey The Art of Central Banking
R. S. Sayers Modern Banking
Federal Reserve Board Banking Studies
J. M. Keynes A Tract on Monetary Reform[;] Treatise on Money
D. M. Robertson Money
W. Fellner Monetary Policy and Full Employment
A. H. Hansen Monetary Theory and Fiscal Policy
R. Nurkse International Currency Experience
C. Bresciani-Turoni The Economics of Inflation
A. Marshall Money, Credit, and Commerce
R. J. Saulnier and N. H. Jacoby Business Finance and Banking
A. G. Hart Money, Debt and Economic Activity
L. Mints Monetary Policy for a Competitive Society
E. S. Shaw Money, Income, and Monetary Policy

 

International Trade

G. Haberler International Trade
B. Ohlin International and Interregional Trade
J. Viner Studies in the Theory of International Trade
R. Nurkse Conditions of International Monetary Equilibrium
E. Heckscher Mercantilism 2 Vols.
N. S. Buchanan International Investment and Domestic Welfare
F. W. Taussig Tariff History of the United States
J. Viner (League of Nations) Trade Relations between Free Markets and Controlled Economies
S. E. Harris (ed) Foreign Economic Policy for the United States
Blakiston (pub) Readings in the Theory of International Trade
Economic Commission for Europe Reports on the European Economy 1949, 1950
O.E.E.C. Reports 1948, 1949

 

Agriculture

J. D. Black, et al. Farm Management
J. D. Black and M. Kiefer Future Food and Agriculture Policy
T. W. Schultz Agriculture in an Unstable Economy
G. Shepherd Agricultural Price Analysis
T. W. Schultz Production and Welfare in Agriculture
D. G. Johnson Trade and Agriculture
J. S. Davis On Agricultural Policy

 

Economic History

M. Weber General Economic History
W. Sombart The Quintessence of Capitalism
R. H. Tawney Religion and the Rise of Capitalism
K. Marx Capital (vol I)
M. Dobb Studies in the Development of Capitalism
A. P. Usher History of Mechanical Inventions
P. Mantoux The Industrial Revolution of the 18th Century
H. Pirenne The Economic and Social History of Medieval Europe
J. H. Clapham The Economic Development of France and Germany
J. H. Clapham The Bank of England
T. Ashton The Industrial Revolution
A. P. Usher Industrial History of England
W. W. Rostow British Economy in the 19th Century
T. Veblen Imperial Germany and the Industrial Revolution
L. C. Gray History of Agriculture in Southern United States to 1860
F. J. Turner The Frontier in American History
M. L. Hansen The Immigrant in American History
W. Z. Ripley Main Street and Wall Street
T. Cochrane and W. Miller The Age of Enterprise
R. S. and H. M. Lynd Middletown
A. M. Carr Saunders Population Problems

 

Economic Measurement: Applied Economics

R. G. D. Allen and A. L. Bowley Family Expenditures
W. L. Crum Corporate Size and Earning Power
L. Rostas Comparative Productivity in British and American Industry
J. M. Gould Output and Productivity in Electric and Gas Utilities
W. H. Nicholls Labor Productivity Functions in Meat Packing
P. Neff and A. Weifenbach Business Cycles in Selected Industrial Areas
G. Haberler Consumer Installment Credit and Economic Fluctuations
J. S. Dusenberry Income, Saving, and the Theory o Consumer Behavior
A. F. Burns and W. C. Mitchell Measuring Business Cycles
T. Wilson Fluctuations in Income and Employment
E. Frickey Industrial Production in United States

 

Labor

J. R. Hicks The Theory of Wages
P. H. Douglas The Theory of Wages
J. T. Dunlop Wage Determination under Trade Unions
S. H. Slichter Union Policies and Industrial Management
A. M. Ross Trade Union Wage Policy
C. E. Lindblom Unions and Capitalism
S. Perlman A Theory of the Trade Union Movement
S. and B. Webb History of Trade Unionism
W. Galenson Labor in Norway
F. J. Roethlisberger and W. Dickson Management and the Worker
E. Mayo Social Problems of an Industrial Civilization
E. W. Bakke and C. Kerr (ed) Unions, Management, and the Public
Shister, J. and Lester, R. Insight into Labor Issues
Twentieth Century Fund How Collective Bargaining Works

 

Public Finance

U. K. Hicks Public Finance
H. Simons Personal Income Taxation
H. M. Somers Public Finance and Fiscal Policy
J. A. Maxwell The Fiscal Impact of Federalism in the United States
A. C. Pigou A Study in Public Finance
J. K. Butters and J. Lintner Effects of Federal Taxes on Growing Enterprises
W. S. Vickrey Agenda for Progressive Taxation
Hoover Commission Reports to the Congress and the Appendices of the Commission on Organization of the Executive Branch of the Government
H. M. Groves Postwar Taxation and Economic Progress
J. R. Hicks The Taxation of War Wealth
W. L. Crum, Fennelly and Seltzer Fiscal Planning for Total War

 

Applied Price Theory and Industrial Organization

B. H. Robertson The Control of Industry
A. E. G. Robinson The Structure of Competitive Industry; Monopoly
J. M. Clark The Economics of Overhead Costs
W. A. Lewis Overhead Costs
A. K. Berle and G. C. Means The Modern Corporation and Private Property
R. A. Gordon Business Leadership in the Large Corporation
H. Simon Administrative Behavior
D H. Wallace Market Control in the Aluminum Industry
A. A. Bright The Electric Lamp Industry
J. S. Bain The Economics of the Pacific Coast Petroleum Industry
J. M. Clark The Social Control of Business
C. D. Edwards Maintaining Competition
Blakiston (pub) Readings in the Social Control of Business

 

Source: Harvard University Archives. Papers of Alvin Harvey Hansen. Lecture Notes and Other Course Material, Box 2, Folder “Tutorial Readings”.

Categories
Economists Harvard

Harvard. Six Economics Ph.D. examinees, 1906-07

 

 

This posting lists six graduate students in economics who took their subject examinations for the Ph.D. at Harvard from April 4 through May 23, 1907, apparently the entire 1906-07 Ph.D. examination cohort. The examination committee members, academic history, general and specific subjects are provided along with the doctoral thesis subject, when declared. Lists for 1903-04, 1904-051915-16, and 1926-27 were posted previously. In the same archival box one finds lists for the academic years 1902-03 through 1904-05, 1906-07 through 1913-14, 1915-16, 1917-18 through 1918-19, and finally 1926-27. I only include graduate students of economics (i.e. not included are the Ph.D. candidates in history and government).

Titles and dates of Harvard economic dissertations for the period 1875-1926 can be found here.

 

________________________________________

 

DIVISION OF HISTORY AND POLITICAL SCIENCE
EXAMINATIONS FOR THE DEGREE OF PH.D.

1906-07

 

Arthur Norman Holcombe.

General Examination in Economics, Thursday, April 4, 1907.
Committee: Professors Taussig (chairman), Lowell, Bullock, Gay, Ripley, and Andrew.
Academic History: Harvard College, 1902-06; Harvard Graduate School, 1906-07; A.B. (Harvard) 1906.
General Subjects: 1. Economic Theory and its History. [2. Economic History to 1750.] 3. Economic History since 1750. [4. Sociology and Social Reform.] 5. Public Finance. [6. Modern Government and Comparative Constitutional Law.] Excused from further examination in subjects 2, 4, and 6 on account of having taken Highest Final Honors.
Special Subject:
Thesis Subject: “The Telephone Situation.” (With Professor Taussig.)

 

Walter Wallace McLaren.

General Examination in Economics, Wednesday, April 10, 1907.
Committee: Professors Taussig (chairman), Hart, Bullock, Munro, and Andrew.
Academic History: Queen’s University (Canada), 1894-99; Queen’s University Theological College, 1899-1902; Harvard Graduate School, 1905-07; A.M. (Queen’s Univ.) 1899; B.D. (ibid.) 1902.
General Subjects: 1. Economic Theory and its History. 2. Sociology and Social Reform. 3. Transportation and Foreign Commerce. 4. Labor Problems and Industrial Organization. 5. The History of Canada. 6. Municipal and Local Government.
Special Subject: Canadian Economic History.
Thesis Subject: “History of the Canadian Tariff.” (With Professor Taussig.)

Frank Richardson Mason.

General Examination in Economics, Wednesday, May 8, 1907.
Committee: Professors Taussig (chairman), Channing, Bullock, Gay, Ripley, and Andrew.
Academic History: Harvard College, 1901-05; Harvard Graduate School, 1905-07; A.B. (Harvard) 1905; A.M. (ibid.) 1906.
General Subjects: 1. Economic Theory and its History. 2. Economic History to 1750. 3. Economic History since 1750. 4. Money, Banking and Commercial Crises. 5. Social Reform and Industrial Organization. 6. History of American Institutions.
Special Subject: United States Economic History (or Crises?).
Thesis Subject: “The Silk Industry in Europe and America.” (With Professor Taussig.)

 

Charles Phillips Huse.

Special Examination in Economics, Wednesday, May 15, 1907.
General Examination passed May 11, 1906.
Committee: Professors Ripley (chairman), Stimson, Taussig, Bullock, and Andrew.
Academic History: Harvard College, 1900-03; Harvard Graduate School, 1904-07; A.B. (Harvard) 1904; A.M. (ibid.) 1906.
Special Subject: Public Finance and Financial History.
Thesis Subject: “Financial History of Boston, 1822-1859, with a Preliminary Chapter.” (With Professor Bullock.)
Committee on Thesis: Professors Bullock, Taussig, Ripley.

 

William Jackman.

General Examination in Economics, Wednesday, May 22, 1907.
Committee: Professors Gay (chairman), Macvane, Taussig, Bullock, Ripley, and Andrew.
Academic History: University of Toronto, 1892-96; University of Pennsylvania, 1899-1900; Harvard Graduate School, 1905-07; A.B. (Univ. of Toronto) 1896; A.M. (ibid.) 1900.
General Subjects: 1. Economic Theory and its History. 2. Economic History to 1750. 3. Statistics. 4. Sociology and Social Reform. 5. Labor Problems and Industrial Organization. 6. English History since 1500.
Special Subject: Modern Economic History of England.
Thesis Subject: “The Development of Transportation in Modern England before the Steam Railway Era.” (With Professor Gay.)

 

Edmund Ezra Day.

General Examination in Economics, Thursday, May 23, 1907.
Committee: Professors Ripley (chairman), Channing, Taussig, Bullock, Andrew, and Wyman.
Academic History: Dartmouth College, 1901-06; Harvard Graduate School, 1906-07; S.B. (Dartmouth) 1905; A.M. (ibid.) 1906.
General Subjects: 1. Economic Theory and its History. 2. Statistics. 3. Money, Banking and Crises. 4. Public Finance and Financial History. 5. Industrial Organization and Corporation Finance. 6. American Institutions and Constitutional Law.
Special Subject: Taxation.
Thesis Subject: “Taxation of Corporations in Connecticut and Maine.”(?) (With Professor Bullock.)

 

Source: Harvard University Archives. Harvard University, Examinations for the Ph.D. (HUC 7000.70), Folder “Examinations for the Ph.D., 1906-1907”.

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

Categories
Exam Questions Fields Harvard Statistics Suggested Reading

Harvard. General Exam Preparation for Statistics, 1947

 

 

______________________

April 1, 1947

SUGGESTIONS FOR PREPARATION IN THE GENERAL FIELD OF STATISTICS

Work in the two courses, Economics 121a and 121b, is in almost all cases an essential core of the preparation of the field of Statistics for General Examinations (requirements for the Special Field differ substantially), but such work does not constitute sufficient preparation. A considerable volume of additional reading is recommended, and Sections II and III below give certain pertinent suggestions; but candidates who wish to make other selections should submit their choices for the approval of one of the undersigned.

I. Foundation Theory

For statistical theory as such, a thorough knowledge of the work—in the classroom and in reading assignments—of Economics 121a is ordinarily adequate preparation. The main reading assignments in that course are:

C. U. Yule and M. G. Kendall—An Introduction to the Theory of Statistics, 1937 edition, entire book beginning with Chapter 6;

D. C. Jones—A First Course in Statistics, specified chapters on curve fitting and sampling;

W. P. Elderton-Frequency Curves and Correlation, specified portions on curve fitting and correlation;

but candidates should be prepared as well in the other assigned readings.

II. and III. Statistics Applied to Economics

Suggestions under heads II and III aim at giving the candidate an intensive acquaintance with (a) the applied statistical work of three specific authors, and (b) the applied statistical work in some particular economic area. Candidates who, in undertaking to meet these two requirements, select books or memoirs customarily treated in Economics 121b should understand that a more complete and intensive knowledge of such items is expected in the General Field than in 121b. In respect to each of these readings the candidate will be expected to know the contributions to statistical methodology in that item of reading, to have a critical appraisal of the statistical procedure used, and to know the importance and validity of the results for economic analysis.

The items listed below are merely suggestions; candidates may offer substitute readings for the approval of one of the undersigned.

II. Authors in Applied Statistics

In this section, no elementary statistics textbook is acceptable, nor will the classic Bulletin No. 284, U.S.B.L.S., by W. C. Mitchell, be accepted. Knowledge of these is taken for granted. For any author selected below, some book or extensive memoir presenting an application of statistics to economic problems is intended; but in no case should any item here be identical with one chosen under III below. Each candidate should select three authors.

Suggested Examples:

Sir Wm. Beveridge, Wheat Prices and Rainfall in Western Europe

A. L. Bowley, Wages and income in the United Kingdom since 1860

A.F. Burns, Production Trends

A. F. Burns and Wesley C. Mitchell, Measuring Business Cycles – (certain portions may be omitted; see the note at the end of this memorandum.)

W. L. Crum, Corporate Size and Earning Power

*E. E. Day, The Physical Volume of Production

Paul Douglas, Real Wages in the United States

Ralph Epstein, Industrial Profits

Mordecai Ezekiel, Methods of Correlation Analysis

Solomon Fabricant, Output of Manufacturing Industries

Solomon Fabricant, Employment in Manufacturing, 1899 -1939

*Irving Fisher, Making of Index Numbers

Edwin Frickey, Economic Fluctuations in the United States

Ralph G. Hurlin and W. A. Berridge, Employment Statistics for the United States

Simon Kuznets, Commodity Flow and Capital Formation

Simon Kuznets, National Income and its Composition (Vol. 1)

Simon Kuznets, Secular Movements

Wassily Leontief, Quantitative Input and Output Relations

F. C. Mills, Behavior of Prices

*W. C. Mitchell, Business Cycles—1927 ed. (statistical portions)

*W. M. Persons, Construction of Index Numbers (pp. 1-44)

*W. M. Persons, Indices of General Business Condition

Henry Schultz, The Theory and Measurement of Demand (statistical portions)

*Henry Schultz, Statistical Laws of Demand and Supply (the first part, on demand)

J. A. Schumpeter, Business Cycles, Vol. 1 (with emphasis on statistical portions)

Carl Snyder, Business Cycles and Business Measurements

Woodlief Thomas, et al., The Federal Reserve Index of Industrial Production, Federal Reserve Bulletin for August 1940, pp. 753-771; September 1940, pp. 912-924; July 1942, pp. 642-644; October 1943, pp. 940-984.

III. Statistical Studies in a Single Economic Field

The object of this section is to guide the candidate in studying statistical investigations of more than one author in some one economic subject. The candidate should choose one such subject, and have and intensive knowledge of the statistical work in that subject, or two or more leading authors. Comparisons among such authors will constitute a part of the requirement.

Suggested Examples

Index Numbers: *Fisher, Making of Index Numbers; * Persons, Construction of Index Numbers; (also, look briefly at Frickey, The Theory of Index-Number Bias, Review of Economic Statistics, November 1937.)

Secular Growth of Output: Burns, Production Trends; Fabricant, Output of Manufacturing Industries

Cycles, I: *Mitchell, Business Cycles (1927); Burns and Mitchell, Measuring Business Cycles (certain portion of this book may be omitted; see the note at end of this memorandum).

Cycles, II: *Persons, Indices of Business Conditions; Schumpeter, Business Cycles, Vol. 1

Multiple Correlation: Ezekiel, Methods of Correlation Analysis; Black et al., The Short-Cut Graphic Method of Multiple Correlations, Quarterly Journal of Economics, November 1937, pp. 66-112, and February 1940, pp. 318-364.

Employment: Fabricant, Employment in Manufacturing, 1899 – 1939; Hurlin and Berridge, Employment Statistics for the United States

Profits: Epstein, Industrial Profits; Crum, Corporate Size and Earning Power

Wages: Brissenden, Earnings of Factory Workers; Douglas, Real Wages in the United States

Prices: Mills, Behavior of Prices; Warren and Pearson, Prices (or Gold and Prices).

Distribution of Income: Brookings Report, America’s Capacity to Consume; Lough, High-Level Consumption

N.B. OF THE FIVE BOOKS CHOSEN UNDER II AND III, NOT MORE THAN FOUR MAY BE BOOKS WHICH ARE MARKED WITH A STAR (*) IN THE LISTS ABOVE.

Each candidate should submit his program, well in advance, for the approval of one of the undersigned:

L. W. Crum
Edwin Frickey

 

Source: Harvard University Archives. Syllabi, course outlines and reading lists in Economics, 1895-2003. Box 4, Folder “Economics, 1946-47”.

Image Source: Crum and Frickey in Harvard Class Album, 1942 and 1950.

 

 

 

Categories
Courses Harvard Suggested Reading Syllabus

Harvard. Programs of Social and Economic Reconstruction, Leontief and Taylor. 1942-43

This course on socio-economic reform and revolution was team taught the previous year by Wassily Leontief, Paul Sweezy and Overton Taylor. Sweezy took leave from Harvard to join the War effort so he was unavailable for the 1942-43 version of this course that has been in the Harvard economics course catalogue almost as long as courses in public finance and labor problems.

____________________________

Course Enrollment

[Economics] 115. Associate Professor Leontief and Dr. O. H. Taylor.—Programs of Social and Economic Reconstruction.

Total 10: 3 Graduates, 1 Junior, 1 School of Public Administration, 4 Radcliffe.

 

Source: Harvard University. Report of the President of Harvard College and Reports of the Departments for 1942-43, p. 47.

____________________________

 

Course Assignments

Reading for the Monday Oct. 19 Meeting of Ec 115

Bastiat Frédéric. Harmonies of Political Economy, pp. 1-46, 196-217.

Sismondi, Simond de. Essays on Political Economy, pp. 113-122, 224-244. (Nouveaux Principes d’Economie Politique, Vol. I and II[,] to browse For those who read French)

Gray, John. A Lecture on Human Happiness, pp. 1-72.

Clark, J. B. Distribution of Wealth, pp. 36-76.

Carver. Essays in Social Justice, pp. 232-263.

Keynes, J. M.  The General Theory of Interest and Employment, pp. 372-384.

 

Economics 115
Assignment for October 26

  1. Handbook of Marxism, pp. 313-38.
  2. Capital, Vol. I, Ch. X, Sections 1, 2, 5, 6.
  3. Marx-Engels Selected Correspondence, Letter no. 214.
  4. Lenin, State and Revolution.
  5. J. Laski, The State in Theory and Practice, Ch. 2.

 

Economics 115
November 2, 1942
Social and Economic Theories of the New Deal

  1. Immediate Background
  2. New Deal Movement as a Dynamic Organism of Diverse Potentialities
  3. Specific Analysis of the Program Adopted
  4. Significance of the New Deal
  5. Where did the New Deal Fail?

Assignment

Background for those who need it:

A. M. Schlesinger, New Deal in Action
or
R. H. Jackson, The Struggle for Judicial Supremacy

For everyone:

Golden and Ruttenberg, The Dynamics of Industrial Democracy, pp. 317-42.
Robert and Helen Lynd, Middletown in Transition, Chs. IV, XII.
C. A. Beard, Economic Interpretation of the Constitution, pp. 149-188.
F. D. Roosevelt, Papers and Addresses, Vol. I, nos. 139, 141; Vol. II, nos. 1, 50, 101; Vol. III, nos. 1, 102; Vol. V, nos. 1, 53, 176.

Also recommended:

Thurman Arnold, Folklore of Capitalism
Thorstein Veblen, Absentee Ownership

 

Economics 115
November 9, 1942
The Revisionist Movement in German Socialism

  1. The beginnings of reformist socialism in Germany
  2. Bernstein and the Revisionist offensive
  3. The counterattack and the split on the Left
  4. The social roots of reformism
  5. German Social-Democracy vs. socialism: 1914, 1919, 1933

Assignment

Eduard Bernstein, Evolutionary Socialism, pp. ix-xviii, 1-94, 165-199
Rosa Luxemburg, Reform or Revolution
M. Philips Price, Germany in Transition, pp. 18-47

 

Economics 115
Assignment for Nov. 16, 1942

CLASSICAL LIBERALISM AND NEO-LIBERALISM
–A Comparison and a Critique—

  1. The historical development of Liberalism.
  2. Common elements in both types of Liberalism.
  3. Political implications of the divergence.
  4. Neo-Liberalism — Will it work?

Assignment:-

J. S. Mill, Principles of Political Economy, Bk. V, ch. 11.
Herbert Spencer, Social Statics (Abridged Edition, D. Appleton & Co., 1892) pp. 55-61, 121-140.
Walter Lippman, The Good Society, chs. 10 and 11.
Henry Simon, Positive Program for Laissez-Faire.
Max Lerner, It is Later Than You Think, Chs. 1 and 6.
J. M. Keynes, The End of Laissez-Faire, pp. 39-54.

Suggestions for those who may wish to go further into the problem:-

John Dewey, Liberalism and Social Action.
Articles “The Rise of Liberalism” and “Individualism and Capitalism” in the Introduction to The Encyclopedia of the Social Sciences.
Thorstein Veblen, “Preconceptions of Economic Science,” in The Place of Science in Modern Civilization.

 

Economics 115
Assignment for November 23, 1942
The Economic Doctrines of the Bolsheviks

  1. The relationship between Marxism and Bolshevism—Marxism restored and militant.
  2. The Bolshevik elaboration of the Marxian theory of capitalist development; its application to the analysis of the period of monopoly capitalism or imperialism.
    1. The transition from free competition to monopoly as a result of the concentration and centralization of capital.
    2. Finance capital and the role of the banks.
    3. The struggle for markets, for raw materials and for outlets for capital export and the resulting tariff and colonial policy of imperialism
    4. The growth of international cartels and the ‘theory’ of ultra-imperialism.
    5. The progressive intensification of the contradictions of capitalism — crises, wars and catastrophe.
    6. The proletarian revolution as the only way out.
  3. The political implications of the Bolshevik analysis of imperialism — the working class must gird itself for a struggle à outrance for the overthrow of world capitalism and the establishment of a socialist order.

Assigned Reading

Lenin: Imperialism.
P. M. Sweezy: The Theory of Capitalist Development, Part IV.

Suggested Reading

Marx-Engels: The Communist Manifesto.
Marx: Value, Price and Profit, Chapter VI to the end.
Lenin: The Proletarian Revolution.

 

Economics 115
The Theory of Marx and Engels Concerning the Transition From Capitalism to Socialism
November 30, 1942

  1. Sources and Constituent Parts of Marxism
  2. Class-Domination Theory of the State
  3. The Overthrow of the Bourgeois State by Revolution
  4. Establishment of Proletarian Dictatorship — First Phase of the Communistic Society
  5. Withering Away of Proletarian State and the Higher Phase of the Communistic Society

Assignment:

Marx, Contribution to the Critique of Political Economy, pp. 9-15.
Burns, A Handbook of Marxism, pp. 537-570.
Engels, The Origin of the Family, Chap. 9.
Lenin, The State and Revolution, Chaps. 1 and 5.
Engels, Socialism, Utopian and Scientific, Chap. 3.
Engels, Landmarks of Scientific Socialism, Chap. 9.
Marx, Critique of the Gotha Program.

Suggested:

Chang, Sherman, The Marxian Theory of the State.

 

Economics 115
January 3, 1943
Socialism In The British Labour Party

  1. A definition of the term Socialism
  2. Necessary reforms arising from frictions of the Industrial Revolution
  3. Socialist gains acquired through self-interest of pressure groups
  4. Growth of the Labour Party
  5. Socialism as a policy of the Labour Party
  6. Socialist administrations
  7. Future of Socialism in England

Assignment

Clifford Allen, Labour’s Future At Stake.
G. D. H. Cole, British Working Class Politics, Epilogue.
Arthur Greenwood, M. P., The Labour Outlook.
J. Ramsy McDonald, A Policy for the Labour Party.

Optional

Arthur Henderson, The Aims of Labour.

 

Source: Harvard University Archives. Syllabi, course outlines and reading lists in Economics, 1895-2003, Box 3, Folder “Economics, 1942-43 (2 of 2)”.

Image Source: Leontief and Taylor from Harvard Class Album 1939.

 

 

 

 

Categories
Economists Harvard Suggested Reading

Harvard. Readings for Chinese Economic Problems, 1947

 

Today I thought I would have a light posting, not even a page of readings for a course offered at Harvard University on the Chinese economy in the spring semester of the 1946-47 academic year. Transcribing the reading list itself was child’s play. Next I wanted to get the course enrolment found in the annual report of the Harvard president that also provided the name of the instructor, “Dr. Lindsay”. I had never come across his name so I decided to try to track down Dr. Lindsay. Fortunately that name and China narrows down the field considerably.

Long story short: Michael Francis Morris Lindsay, 2nd Baron Lindsay of Birker certainly led an exciting life before coming to offer that course at Harvard as seen in the newspaper article about his exploits and his obituary. The obituary of his Chinese wife adds a few other details to the story.

I end the post with Lindsay’s list of course readings for Economics 14a: Chinese Economic Problems.

_____________________________

British economist who aided China’s guerrilla resistance
By Cui Shoufeng

The Telegraph
25 Aug 2015

Englishman Michael Lindsay helped smuggle supplies to guerrilla fighters during the Second World War and spent years behind enemy lines

Michael Lindsay arrived in Beijing in 1938 to teach Keynesian economics, but instead he played an important part in China’s resistance against the Japanese.

The Englishman helped to smuggle supplies to guerrilla fighters during the Second World War and spent years behind enemy lines, where he even started a family.

War had already broken out by the time Lindsay arrived to take up a lecturing post at Yenching University (later Peking University).

The Japanese army’s all-out invasion of China began in July 1937, and three months later the first village massacre was reported in Hopei Province (now Hebei).

In the capital, Lindsay was “distressed by his students’ stories of the way they were treated by the Japanese police at the city gate”, said his granddaughter, Susan Lawrence.

The Washington-based scholar said her grandfather also witnessed appalling acts by the occupying forces.

The economist, just 28, had a life-or-death decision to make: flee or fight?

In the spring on 1938, Lindsay learned of a resistance movement forming outside Beijing and travelled with colleagues to the communist-led Jinchaji base in central China.

Inspired, he returned to the capital and began to send supplies, mostly medicine and radio parts, through secret channels to the guerrilla forces.

Due to his foreign appearance, “the Japanese troops … couldn’t search him like they did to all the locals”, said Prof Lyu Tonglin at Shanghai Jiao Tong University, who is an authority on foreigners involved in China’s resistance during the Second World War.

The economist enlisted the help of a student to re-label the items he bought, to avoid stores facing any backlash if Japanese soldiers intercepted his shipments. That student was Hsiao Li, who later became his wife.

The surprise attack on Pearl Harbour in December 1941, which led to the United States declaring war on Japan, meant Lindsay’s face no longer protected him, so he and his bride left for the Jinchaji base where he became a full-time radio technician.

To improve communications, he tinkered with the radio sets to make them more powerful, reliable and easier to carry over rough terrain.

Annoyed by the fact that the world — including southern China — knew hardly anything about the resistance in the north, Lindsay offered his expertise to Yan’an, the Communist Party’s central base in Shaanxi province.

A large transmitter and a directional aerial built there by Lindsay enabled the Xinhua News Agency to send reports to Washington.

“Xinhua’s radio broadcasts were of interest to Washington,” Prof Lyu explained. “It wanted to know more about the Japanese deployment and operations.”

Lindsay also wrote notes and took photographs, shared his opinions with overseas contacts, and passed advice and criticism to leaders of the resistance, including Nie Rongzhen, the top commander at Jinchaji.

In his reports to the embassies of the United States and Britain and newspapers, he wrote about what he saw in Jinchaji and Yan’an and said he believed the atrocities by the Japanese would motivate more people to join the resistance.

Securing success lied not only in the guerrillas’ military capabilities, he said, but also in their ability to mobilise the masses. Two of Lindsay and Li’s three children were born during their time in Yan’an.

After the war, the family moved to England where, upon his father’s death the economist became the second Baron Lindsay of Birker, making Li a baroness and Britain’s first Chinese-born peeress.

After a spell teaching in Australia, Lindsay and his family settled in the United States, where he died in 1994. He made only a few low-profile visits to China after the war.

It has been only recently that Lindsay has begun to gain attention in China. Today, more people are hailing him as a rare internationalist who helped the Chinese people through their most diffcult time.

Luo Wangshu contributed to this story, which was originally produced and published by China Daily.

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MICHAEL LINDSAY DIES AT 84

Washington Post
February 22, 1994

Michael Francis Morris Lindsay, 84, retired chairman of the Far East program of the American University School of International Service, died of lymphoma Feb. 13 at his home in Chevy Chase. He had lived in the Washington area for 35 years.

He retired in 1975 after 16 years as a professor of Far Eastern studies at American University. During the 1950s, he was a senior fellow in international relations at Australian National University in Canberra.

Mr. Lindsay was a native of London and a graduate of Oxford University, where he also received a master’s degree in economics. In 1952, he inherited property in the English Lake District county of Cumbria and became Baron Lindsay of Birker. Since then, Mr. Lindsay, an Australian citizen, had sat periodically in the House of Lords.

Mr. Lindsay began his teaching career in Beijing in 1937. He taught economics at Yenching University until 1942. During World War II, he was a technical adviser to the Chinese Communists.

After the war, he was a visiting lecturer in East Asian studies at Harvard University and a lecturer in economics at University College in Hull, England.

He was the author of five books about China, including “The Unknown War.” His articles about China appeared in publications that included the Times of London, the Manchester Guardian and China Quarterly.

He was a member of the Oxford Society of Washington and the Asia Society.

Survivors include his wife, Hsiao Li Lindsay of Chevy Chase; two children, James F. Lindsay, an Australian diplomat now based in Islamabad, Pakistan, and Mary Lindsay Abbott of Knoxville, Tenn.; a brother, Martin Lindsay of Brussels; a sister, Drusila Scott of Aldeburgh, England; and five grandchildren. A daughter, Erica Lindsay, died in December.

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Obituary: Lady Lindsay of Birker

The Telegraph
9 June 2010

Lady Lindsay of Birker, who has died aged 93, was the daughter of a rich Chinese landowner and became a British peeress after falling in love with Michael Lindsay, later the 2nd Lord Lindsay of Birker, an English professor teaching in Beijing in the late 1930s during the Japanese occupation of China.

For four years from 1941 Hsiao Li and her husband performed dangerous work behind enemy lines smuggling radio parts, teaching English and supporting the communist resistance in Yenan in north-west China, for which they won the personal thanks of Mao Tse-tung and other communist commanders.

After the war – but not before attending a farewell dinner thrown by Chairman Mao and his wife – the couple left for Britain, where Michael’s father was the newly ennobled Master of Balliol College, Oxford. The peerage passed to Michael in 1952, making Hsiao Li – the new Lady Lindsay – the first Chinese peeress in history, an event remarked upon by The New York Times.

Hsiao Li was born Li Yueying in Taiyuan, in China’s northern Shanxi province, on July 17 1916. A fine horsewoman, she showed an early rebellious streak, taking part in student demonstrations at Taiyuan Normal University before fleeing to Beijing, where she changed her name after being blacklisted by the authorities.

In Beijing she was admitted to Yenching University, where she met Michael Lindsay, a professor who was already using his protected foreign status to assist the communists in obtaining medical and radio supplies. Hsiao Li, one of his brightest students, was quickly recruited to the cause.

With her parents’ blessing, but nonetheless breaking the taboos of the time, the couple married in June 1941. But their wartime adventures were nearly brought to an end after the Japanese attack on Pearl Harbor that December suddenly rendered Michael liable to arrest as a citizen of an enemy power.

The Japanese, long suspecting the Lindsays’ covert activities, moved quickly to arrest the couple – but not quickly enough. “As we escaped through one gate, the Japanese secret police came through another gate to arrest us,” recalled Hsiao Li in her memoir Bold Plum: With the Guerrillas in China’s War Against Japan, written shortly after the war but not translated into English until 2007.

So began four years of dangerous work behind enemy lines, Michael working in the communists’ all-important Radio Department and later at the New China News Agency while Hsiao Li taught English to the cadres.

Hsiao Li always credited her rebellious character to her father, Li Wenqi, an army officer who in 1912 had defied his landowning family to join Sun Yat Sen’s republican movement, running a training school for a local warlord. When Hsiao Li asked to bind her feet, he refused.

After two years in the guerrilla region, the couple completed a circuitous 500-mile journey on foot to reach the communist HQ in Yenan, taking shelter with local peasants who risked torture and death if discovered by the Japanese.

During that period Hsiao Li gave birth to two children: Erica was delivered in a hut high in the mountains, with no running water or electricity, after a Japanese offensive caused the hospital to be evacuated; James was born in the hospital cave in Yenan.

After moving to Britain, Hsiao Li followed her husband’s career – first to Australia, where Michael Lindsay taught at the Australian National University; and then, in 1959, to Washington, DC, where he had joined the faculty of the Far Eastern programme at American University. They remained in Washington after he retired in 1975.

In 1949 and 1954 the couple made two visits to China – where Hsiao Li said she “never stopped thinking” of living – but in 1958 they were refused visas after Michael criticised the communist leadership; his wife later revealed that he had supported the leadership not out of ideological sympathy but because he believed in the patriotic right of the Chinese to resist occupation.

Later Hsiao Li, who became a United States citizen in 1975, would echo Soong May-ling, the wife of Chiang Kai-shek, in saying that China’s totalitarian system was “worse than Hitler or Stalin”, remarking in one speech reported in the American press in 1975 that the communists had “destroyed individual belief in one’s self and have ignored human dignity”.

It was not until the late 1970s, after the death of Mao Tse-tung, that the couple were able to return to China. They made extensive visits, renewing acquaintances with old friends from their Yenan days, among them now some of the most senior members of the Chinese government.

Within six weeks of her husband’s death in 1994 Hsiao Li returned to live full time in China, taking up the offer of a Beijing apartment provided by the Chinese government “in gratitude” for her work during the wartime years. She remained in the Chinese capital until 2003, when she returned to Washington to live with her granddaughter, Susan Lawrence.

Hsiao Li Lindsay, who died on April 25, is survived by her son James (the 3rd Lord Lindsay of Birker) and another daughter, Mary Lindsay Abbott. Erica died in 1993.

Note: an English translation of her account of the war years in China was published: Hsiao Li Lindsay, Bold Plum (2006).

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Course Enrollment

[Economics] 14a. (spring term) Dr. Lindsay.—Chinese Economic Problems.

Total 13. 5 Seniors, 6 Juniors, 2 Business School.

 

Source: Harvard University, Reports of the President of Harvard College and Reports of Departments for 1946-47, p. 69.

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Course Readings: Chinese Economic Problems

Economics 14a
1946-47

J. B. Condliffe: China Today, Economic; Ch. 195.132.5
R. H. Tawney: Land and Labour in China; Ec. 6444.232
Chen Ta: Population in Modern China; Ch. 194.146
G. B. Cressey: China’s Geographical Foundations; Ch. 189.34
J. L. Buck: Land Utilization in China; Ec. 6444.237
———— Chinese Farm Economy; Ec. 6444.230.2
Fei Hsiao-tung; Peasant Life in China; Ch. 195.139
——————- Earthbound China; Ec. 6444.245
Chen Han-seng: Landlord and Peasant in China; Ec. 6444.236
——————– Industrial Capital and the Chinese Peasant; Soc. 1405.240
R. P. Hommel: China at Work; Ch. 189.37.20
D. K. Lieu: Chinese Industry and Finance; Ch. 195.127 B
F. M. Tamagna: Banking and Finance in China; Ch. 196.42
W. Y Lin: The New Monetary System of China; Ch. 196.57
Chang Kai-ngau: China’s Struggle for Railway Development
H. D. Fong: Post-war Industrialization of China; Ch. 195.01
—————– China’s Industrialization; Oc. 3.9.60

 

Source: Harvard University Archives. Syllabi, course outlines and reading lists in Economics, 1895-2003. HUC 8522.2.1 Box 4, Folder “Economics 1946-47”.

Image Source: Michael Lindsay tuning a radio receiver at the Jinchaji base in Hebel province, sometime between 1941 and 1944. China Daily April 8, 2015.

Categories
Curriculum Fields Harvard Undergraduate

Harvard. Taussig Reports to Alumni About the Special Needs of the Economics Department, 1915

 

A recent post provided Harvard President Lowell’s interpretation (1916) of the results of a recently completed study on economics instruction at Harvard (subsequently published in 1917). In this post we see how Professor Frank W. Taussig spins his reception of the ongoing study for a pitch to Harvard alumni to get over their edifice complexes (i.e. their revealed preference to fund new structures) and to create more endowments to fund graduate students and post-docs who are an important link between the research and instructional missions of the University in general and the department of economics in particular.

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THE DEPARTMENT OF ECONOMICS.
PROF. F. W. TAUSSIG, ’79.

The most striking change that has taken place during the last fifty years in the content of the College curriculum has been the dominance acquired by the political and economic subjects. What Greek, Latin, Mathematics were a half-century ago, that Economics, Government, History are now, — the backbone of the ordinary undergraduate’s studies. I will not undertake to say whether on the whole the change is or is not to be welcomed. It has its good sides and its bad sides. In one respect it is undoubtedly good. The main cause behind it is a great awakening of public spirit, — a consciousness that the country is confronted with pressing political and economical problems, and that we must gird our loins to meet them. And an assured consequence will be that the new generation of College men, who are being graduated every year by the thousands and tens of thousands, all trained in these subjects, will constitute a leavening force which must in time affect profoundly and beneficially the conduct of public affairs. At all events, so far as university teachers and administrators are concerned, the plain fact must be faced: instruction in these subjects has to be provided on a large scale.

The responsibility thus devolving on the Harvard Department of Economics among others was impressed on its members by the outcome of the new system of concentration introduced in 1910. It appeared that in some years this department had the largest number of concentrations of any; and in every year the number was very large. Its only rival was the English Department. These figures — familiar enough to Harvard men — set the economists to thinking. Under the able leadership of the chairman, Prof. C. J. Bullock, a deliberate inspection of the Department’s work was decided on. Obviously, the surest way to get at the unvarnished facts was to enlist the services of outside critics. To this end the Department of Education was asked to come to our aid. Its members were invited to attend lectures and recitations, to read examination books and theses, to learn by questionnaires what the students themselves said and thought, to suggest improvements. In addition, some members of the Visiting Committee appointed by the Board of Overseers really visited, attending systematically the exercises in some courses and preparing valuable critical reports. The Educators responded to the appeal with gratifying heartiness, and the two Departments have cooperated cordially in a course of action which is unique in the history of the University.

Already this movement has borne fruit; and it will bear still more. The introductory course Economics A (which has successively borne the names Philosophy 6, Political Economy 1, Economics 1, and now Economics A) has been systematically visited. New methods of instruction have been suggested, old methods have been tested, promising devices are on trial. It should be added that the more expensive and effective methods of instruction tried in it, and started even before the educational survey, were made possible only by generous financial support from the Visiting Committee. This is the largest elective course in College, having over 500 students; here is the most important teaching task. In the next tier of courses, two are being conducted on new lines; in these cases on the department’s own initiative rather than in consequence of advice from outside. They are the undergraduate courses on accounting and statistics, in which something closely akin to a laboratory system is being applied. That is, the assigned tasks are done, not in the student’s room and at his own (procrastinated!) hour, but in special quarters equipped for the purpose, at times appointed in advance, and under the supervision and with the aid of well-trained assistants. Other courses, especially those having considerable numbers, are now under similar inspection, and we have every hope that in them also good advice will be secured and good results obtained.

The problems of instruction in this subject, as in so many others, are far from being solved. How far lecture, how far enlist discussion, how far recite? In what way bring it about that the students shall think for themselves? In what way communicate to them the best thinking of others? Almost every department of the University, not excepting the professional schools, is asking itself these questions and is experimenting with solutions. Undoubtedly, different methods will prove advantageous for different subjects. Within the Department of Economics itself there is occasion for variety in methods. Some courses, especially those dealing with matters of general principle and of theoretic reasoning, are best conducted by discussion. Others, dealing with concrete problems, with the history of industry and of legislation, with description and fact, call for a judicious admixture of required reading, lectures, written work. In all, the great thing to be aimed at is power and mastery: training in thinking for yourself, in reaching conclusions of your own, in expressing clearly and effectively what you have learned and thought out. The courses that deal with industrial history, with the labor problems, with railways and combinations, taxation and public finance, money and banking, need something in the nature of laboratory work, such as I have just referred to; an extension and improvement, supervision and systematization, of the familiar thesis work.

Now, throughout all such endeavor and experimentation, the indispensable thing is a staff of capable and well-trained instructors. We need able men, effective personalities. We need them throughout, from top to bottom, — professors, assistant professors, instructors, assistants. The ideal man is one having a good head, good judgment, good teaching power, good presence, good training, the spirit of scholarship and research. Men who possess all these qualities are rare birds; we are in luck when we get the perfect combination. Often we have to accept men not up to the ideal. But we know what we ought to have, and we should strive to get as nearly to its height as we can.

In no subject is there greater need of good teachers and of trained thinkers than in economics. The subject is difficult, and it abounds with unsolved problems. Some things in its domain are indeed settled, — more than would be inferred from current popular controversies or from the differences in the ranks of the economists themselves. But on sundry important topics it is useless to maintain that we have reached demonstrable conclusions. There are pros and cons; conflicting arguments must be weighed; only qualified propositions can be stated. Differences of temperament, of upbringing, of environment, will cause the opinions of able and conscientious men to vary. Hence there is need above all of teachers who can think, weigh, judge; who are aware of the inevitable divergencies of opinion and of the causes that underlie them. There is abundant room for conviction, for enthusiasm, for the emphatic statement of one’s own views. But also there is need, above all in the teacher, of patience, discrimination, charity for those whose views are different.

It is thus of the utmost importance that young men of the right stamp should be drawn into the profession. I say the profession, because it has come to be such. And it is a profession with large possibilities, one that may well tempt a capable, high-spirited, and ambitious young man. Twenty-five years ago, when I was in the early stage of my teaching career, it would have been rash to encourage such a youth to train himself to be an economist. Then academic positions were but ill-paid, and were not held in assured high esteem. The situation has changed. Though salaries are still meager, they are rising; and the public regard for scientific work is increasing for all subjects, and not least for this one. Quite as important is the circumstance that the services of trained economists are now in demand for the public service, and that in this direction there are large opportunities for usefulness and for distinction. The possible range of work has come to be much wider than the academic field. And no large pecuniary bait is necessary to enlist men of the needed quality. Those who are interested primarily in money-making cannot indeed be advised to enter the profession; but they are also not of the sort to be welcomed in it. I am convinced that nowadays there are more young men than ever, in Harvard and elsewhere, to whom something nobler appeals. The spirit of service is abroad in the land, and moves students not only in their choice of college courses, but in their choice of a career. Yet a career should be in sight. There should be a reasonable prospect of promotion, a decent income according to the standards of educated men.

To enlist men of the right stamp in the service of the University there must be still another sort of inducement. There must be a stimulating atmosphere, a pervasive spirit of initiative and research. To mould the thoughts of students and so the opinions of the coming generation is an attractive task; but no less attractive, often more so, — much will depend on temperament, — is the opportunity to influence the forward march of thought, the solution of new problems. As I have just said, economics offers unsolved problems in abundance. There are high questions of theory, concerned with the very foundations of the social order and tempting to the man of severe intellectual ambition. There are intricate questions of legislation and administration, calling for elaborate investigation and pressing for prompt action; these will tempt the man of practical bent. For either sort of work, there must be something more inspiring than the opportunity for routine teaching. The advanced student needs the clash of mind on mind, the companionship of eager inquiry. It is this way that the Graduate School most serves Harvard College, and indeed is indispensable to the College. Without the opportunity and the stimulus of independent scientific work by the graduate students as well as by the teaching staff, it would be hopeless to try to enlist in the University service promising men of the desired quality.

I dwell for a moment on this aspect of the situation, because it is not understood by those among the alumni who believe that too much of the University’s money and too much of the professors’ time are given to graduate instruction. The late Professor Child, one of the most distinguished scholars as well as one of the most delightful men in the annals of Harvard, is said to have remarked that Cambridge would be a most attractive place were it not for the students. The remark reflects the weariness which in time comes over the professor whose teaching is confined to the routine instruction of undergraduates. It is astonishing how much scholarly work of high quality was achieved by Child and others of the older generation, under the untoward conditions of their day; sometimes, there is ground for suspecting, — not, by the way, in Child’s case, — because they simply slighted their routine teaching. Under the new conditions and the new competition in the academic world, we may be sure that if this were the only sort of work expected of the staff, the staff would be made up in the main of men qualified for this work only. It is the opportunity of doing creative work that tempts the highest intellectual ability; and creative work needs a creative atmosphere.

It is to be noted, further, that the source from which Harvard College and all the colleges must draw their teaching staffs is in these graduate schools. The experience of the Department of Economics convinces its members that the only way to secure a good staff of junior teachers, — instructors and assistants, — is to train them in a graduate school. The staff of the Department has been very much improved during the last ten years, and the improvement has come almost exclusively by recruiting from its own advanced students. We are confident that the training we give them is thoroughly good; we even cherish the belief that nowhere else can so good a training be secured. At all events, we try to retain the best of our advanced students in our service; if not indefinitely, at least for considerable stretches of time. And among the inducements which lead them to stay with us are the opportunities not only for teaching, but for research of their own, made possible by a moderate stint of stated work and enriched by the wealth of material in our great library.

What the Department of Economics most needs, then, and indeed what the University most needs in every department, is men. The University must have buildings, laboratories, libraries; but most of all it must have ripe scholars, inspiring teachers, forward thinkers. As it happens, external and mechanical facilities count less in economics than in many other subjects. There is no need of expensive laboratories, such as are indispensable for physics, chemistry, biology, the medical sciences. Like the Law School, we use chiefly collections of books and documents, and convenient lecture and conference rooms. The one fundamental thing is the men, and the one way to get them is to have free money, — enough money to pay good salaries to those on the ground, and to draw to the University the rare genius whenever by good fortune he is to be found. The specific way in which the generous-minded graduate can serve the needs of such a department is by the endowment of instruction and research.

The endowment of instruction ordinarily takes the form of the establishment of a professorship; and this will doubtless remain the most effective way of achieving the end. But there are other ways also. Professor Bullock has recently called attention in these columns to the possibilities of the endowment of economic research. I venture to offer a suggestion for something analogous, — something which may combine the endowment of research with that of instruction, and which has the further merit of not requiring so formidable a sum as is necessary nowadays for the foundation of a professorship. The University has at its disposal a not inconsiderable number of fellowships for training young men of promise. I believe that it could use with high advantage similar posts, more dignified and more liberally endowed, for mature men who are more than promising, — whose powers are proved, whose achievements are assured. Research fellowships they might be called, or professorial fellowships, if you please. An endowment of a moderate amount would enable the incumbent of such a post, if a young unmarried man, to give his whole time to research; if an older man, to limit his teaching hours within moderate bounds and so to give a large share of his time and energy to research and publication. The appointments would be made, I should suppose, for a specified term of years; and they would go preferably to scholars in the full vigor of early manhood. They would be highly honorable, and they would be tempting to men of high ideals and of quality coming up to our own ideals of University service. Will not some of our friends, not of the multi-millionaire class, desirous of doing what they can for our benignant mother, and perhaps of perpetuating a cherished name, reflect on this possibility?

 

Source: The Harvard Graduates’ Magazine. Vol. 24, No. 94 (December, 1915), pp. 274-279.

 

Categories
Chicago Economists Harvard

Harvard. Jacob Viner Beats Paul Douglas for Ricardo Prize Scholarship, 1916

 

Jacob Viner and Paul Douglas were not only colleagues at the University of Chicago, they also overlapped briefly in graduate school at Harvard in 1915-16. The Ricardo prize scholarship  that they both competed for was worth $350 and considerably exceeded the regular annual tuition-fee, e.g., for a newly enrolled (1916-17) full-time, resident student in the Graduate School of Arts and Sciences annual tuition was $200. Since both were already enrolled in 1915-16, they would have been charged the tuition fee published in the earlier catalogue for 1915-16 that I have not yet hunted down. One might  speculate that Douglas had hoped to complete his Ph.D. at Harvard but that he needed to win the scholarship…or perhaps “honorable mention” was not honorable enough for him. In any event, Douglas went on to receive his Ph.D. from Columbia University. In all fairness, Viner was in his second year at Harvard and could use the Ricardo prize scholarship exam in April as a dress rehearsal for his Ph.D. examinations that he took the next month.

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Ricardo Prize Exam. Will be Held in Upper Dane Tomorrow

Harvard Crimson, April 4, 1916

The Ricardo Prize Scholarship examination will be held in Upper Dane Hall tomorrow at 2 o’clock. The scholarship is valued at $350, and is open to anyone who is this year a member of the University, and who will next year be either a member of the Senior class or of the Graduate School of Arts and Sciences. Each candidate will write in the examination room an essay on a topic chosen by himself from a list not previously announced, in economics and political science. In addition, statements of previous studies, and any written work, must be submitted by every candidate to the Chairman of the Department of Economics not later than the time of the examination. The man who wins the scholarship must devote the majority of his time next year to economics and political studies.

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Ricardo Prize Scholarship

The Ricardo Prize Scholarship for 1916-17 has been awarded to Jacob Viner, A.M., of Montreal, Quebec, a second-year student in the Graduate School of Arts and Sciences. Honorable mention has been awarded to Paul Howard Douglas, A.M., of Cambridge, a first-year student in the Graduate School of Arts and Sciences.

Source: Harvard University Gazette, Vol. XI, No. 34, May 13, 1916, p. 181 .

Image Source: Collage of details taken from photos apf1-08488 (Viner) and  apf1-05851 (Douglas) from University of Chicago Photographic Archive, Special Collections Research Center, University of Chicago Library.

Categories
Curriculum Harvard Undergraduate

Harvard College President Lowell on Instruction in Economics Department, 1917

In 1912 the economics department of Harvard initiated a major study of economics instruction in the University that was completed in 1916 and published as: 

The Teaching of Economics in Harvard University. A Report Presented by the Division of Education at the Request of the Department of Economics. Cambridge, Massachusetts: Harvard University Press, 1917. 248 pages.

I will of course rummage through the report for tidbits to post in Economics in the Rear-View Mirror, but for now, visitors at least have a link that will take them directly to the published study together with the following reflections of the President of Harvard College at the time A. Lawrence Lowell that were stimulated by the study. One does not really feel 100 years away from Lowell’s time, give-or-take a presentation software package, a MOOC or some learning platform (e.g. “Blackboard”).

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From the Annual Report for 1915-16 of the President of Harvard College, A. Lawrence Lowell:

One of the most interesting things done in the College during the last few years has been an invitation given by the Department of Economics to the Department of Education to investigate the undergraduate instruction in economics with a view to its improvement. Such a request to another body was not needed to prove the open mind, the desire to improve, the willingness to change its methods and to deal with its instruction as a systematic whole, which has been conspicuous in the case of the Department of Economics; but it is highly significant and full of promise. The investigation, which occupied a couple of years, has been very elaborate, making a large use of statistics, of questionnaires to instructors, students and graduates, of examination questions designed to test the progress of students in their capacity to deal with problems, and of other methods of inquiry that need not be described here. It has touched many different aspects of instruction, some of them of value far beyond the department immediately concerned. These things will appear when the report is published, but it may not be out of place to mention a couple of them here.

The fundamental questions in all education are the object sought and the result attained. Is economics studied in college for the sake of its general educational value in training the mind and preparing for good citizenship, or with a view to its vocational utility in the student’s subsequent career; and how far does it actually fulfil each purpose? An answer to these questions was sought by means of questionnaires addressed to all students taking economic courses and to a thousand graduates, beginning as far back as the Class of 1880 and comprising men engaged in every kind of occupation. Of course all the persons addressed did not reply, and many of the answers were too vague to be of use. Yet among the replies there were a large number definite enough to be of great value. Of the students, about one-third intended to take up a business of some kind; more than one-half as many were looking forward to the law; while the rest were distributed among all the different careers of which an undergraduate can conceive. Of all these men, about two-fifths gave as their chief reason for electing economics its value in training the mind or in understanding public and social problems; while even of those intending to adopt some occupation for which the subject is popularly supposed to offer a preparation, only about one-fifth expected to find what they learned directly helpful, although many more trusted that it would be of indirect assistance.

More interesting still are the replies from the graduates, for they had been enabled to measure what they had acquired by the light of experience in their various pursuits. The men in almost every occupation speak more commonly of the general cultural or civic benefit that they obtained than of vocational profit. This is notably true of the lawyers, and in a less degree also of the business men. The only two classes of graduates who speak with equal frequency of the two kinds of benefit derived are the journalists and the farmers; but they are few in number, and their answers do not appear to have been closely discriminating in this respect.

Results like those brought out by the inquiry of the Department of Education have a direct bearing upon the teaching of Economics, and the position of the subject in the undergraduate course of study. If the chief value of economics, is vocational, it ought to be taught mainly from that point of view, and undergraduates ought not to be generally encouraged to elect it who will not pursue some vocation to which it leads. But if, on the other hand, its principal benefit lies in training men to think clearly, and to analyze and sift evidence in the class of problems that force themselves upon public attention in this generation, then the greater part of the courses ought to be conducted with that object, and it is well for every undergraduate to study the subject to some extent. An attempt to aim at two birds with the same stone, is apt to result in hitting neither. Moreover, a confusion of objectives is misleading for the student. An impression often arises, without any sufficient basis, that some particular subject is an especially good preparation for a certain profession, and the theory is sometimes advocated warmly by the teachers of the subject from a laudable desire to magnify the importance of their field. Students naturally follow the prevailing view without the means of testing its correctness; not infrequently, as they afterwards discover, to the neglect of something they need more. The traditional path to eminence at the English bar has been at Oxford the honor school in literae humaniores, at Cambridge the mathematical tripos, and since the strongest minds in each university habitually took these roads, the results appeared to prove the proposition. It is well, therefore, that we should seek the most accurate and the most comprehensive data possible on the effect of particular studies upon men in various occupations, and upon different classes of minds. Such data are not easy to procure and are still more difficult to interpret, but when obtained they are of great value, and would throw light upon pressing educational questions about which we talk freely and know almost nothing.

Another matter with which the Department of Education dealt in their inquiry, again by the use of the questionnaire, is the relative value attached by students to the various methods of instruction. These were classified as lectures, class-room discussion, assigned reading, reports, essays or theses prepared by the student, and other less prominent agencies. Taken as a whole the students ascribed distinctly the greatest value to the reading, the next to the class-room discussion, placing lectures decidedly third, with reports and other exercises well below the first three. This order was especially marked in the case of the general introductory course known as Economics A. In the more advanced courses the order is somewhat changed. Even here the required reading is given the highest value, but the lectures in these courses are deemed more important than the class-room discussion. Among the better scholars in the advanced courses the value attributed to the lectures is, in fact, nearly as great as that ascribed to the assigned reading. These men also give to the reports, essays and theses a slightly greater importance than do the elementary and the inferior advanced students, although they do not place them on a par with the other three methods of instruction.

Answers of this kind are not infallible. There are always a considerable number of students who express no opinions, or whose opinions are not carefully considered. Nevertheless the replies are highly significant as indicating an impression—the impression of persons who, imperfect as their judgment may be, are after all the best judges, if not indeed the only judges, of what they have obtained from the different methods of instruction. In some ways the answers are unexpected. One would have supposed that class-room discussion would be of more value in an advanced course than in an elementary one. For it would presumably be remunerative in proportion as the members of the class possess information about the subject and a grasp of the principles involved. Probably the real reason for the relatively small importance attached to it by students in advanced courses is to be found in the fact that many of these courses are conducted mainly as lecture courses without much class-room discussion. The most illuminating fact that appears from the replies is the high value attached to the assigned reading as compared with the lectures. Even in the cases of the better scholars in the advanced courses it is not safe to assume an opinion that the lectures are of equal value with books, because they may be referring strictly to the reading formally assigned which is only a part of the reading that they do.

The problem of the relative value of books and lectures in higher education, or, for that matter, of books and direct oral teaching at school, is one that ought to receive very careful attention. The tendency for more than a generation, from the primary school to the university, has been to throw a greater emphasis on oral instruction as compared with study of the printed page. Half a century ago the boy at school and the student in college were habitually assigned a certain task, and the exercise in the class-room was in the main a recitation, the work of the teacher consisting chiefly in ascertaining whether the task had been properly performed, the set number of pages diligently and intelligently read, and in giving help over hard places or removing confusion in the pupil’s mind. But since that time the whole trend of education in all its grades has been towards in increase in the amount of direct instruction by the teacher. At school he or she talks to the class more and listens less than formerly, teaches it more directly, imparts more information. In the college or university the recitation has almost entirely disappeared, giving place mainly to lectures and in a smaller degree to class discussion. In fact, the impression among the general public, and in the minds of many academic people, is that the chief function of a professor is to give lectures, — not of course in the literal sense of reading something he has written, but imparting information directly to the class by an oral statement throughout the lecture hour.

Lectures are an excellent, and in fact an indispensable, part of university work, but it is possible to have too many of them, to treat them as the one vital method of instruction. This has two dangers. It tends to put the student too much in a purely receptive attitude of absorbing information poured out upon him, instead of compelling him to extract it from books for himself; so that his education becomes a passive rather than an active process. Lectures should probably be in the main a means of stimulating thought, rather than of imparting facts which can generally be impressed upon the mind more accurately and effectively by the printed page than by the spoken word.

Then again there is the danger that if lecture courses are regarded as the main object of the professors’ chair, the universities, and the departments therein, will value themselves, and be valued, in proportion to the number of lecture courses that they offer. This matter will bear a moment’s consideration, for it is connected with certain important general considerations of educational policy. To make the question clear, and point out its bearing upon our own problems, something may be said about the relations that exist between instruction in the College and in other departments of the University.

Many American universities have adopted a combined degree, whereby the earlier portion of the professional instruction in law, medicine, and other technical subjects, is taken as a part of the college course; and at the same time they maintain separate faculties for the college, or undergraduate academic department, and for the graduate school of arts and sciences. At Harvard we have gone on the opposite principle in both cases. We have separated each of the professional schools almost wholly from the college, with a distinct faculty and a distinct student life of its own. We have done this on the ground that a strictly professional atmosphere is an advantage in the study of a profession, and we believe that the earnestness, the almost ferociously keen interest, of the student body in our Law School, for example, has been largely due to this fact. We believe that the best results in both general and professional education are attained by a sharp separation between the two. On the other hand, we have not established a distinct faculty for the graduate school, but have the same faculty and to a great extent the same body of instruction for undergraduates and graduates, each man being expected to take such part of it as fits his own state of progress. We have done this because we have not regarded the Graduate School of Arts and Sciences as exclusively or distinctly a professional school for future teachers. If it were so, it would probably be necessary to give it more of a pedagogical character than it has today. Indeed there has appeared to be no serious disadvantage, such as exists in the case of a purely professional school, in our practice of not separating the graduate school wholly from the college. Although there is a single faculty the two bodies of students are quite distinct, and the graduates take no part in the athletics or social activities of the men in college. They are in no danger of any lack of industry, nor do they suffer from contact with the college students taking courses primarily for graduates. The best Seniors who have reached the point of electing advanced courses are by no means inferior in capacity, education, or earnestness to the average graduate. And, on the other hand, competent undergraduates benefit greatly by following instruction that would not otherwise be open to them.

Our system, by closing professional education to undergraduates, obliges them to devote their college course entirely to academic studies; and at the same time it opens all academic instruction to undergraduates and graduates alike. By so doing it treats the whole list of academic courses as one body of instruction whereof the quantity can be readily measured and the nature perceived. In this way our system brings into peculiar prominence a question that affects the whole university policy in this country. A university, as its name implies, is an institution where all branches are studied, but this principle easily transforms itself into the doctrine that a university ought to offer systematic instruction in every part of every subject; and in fact almost all departments press for an increase of courses, hoping to maintain so far as possible a distinct course upon every sub-division of their fields. This is in large measure due to the fact that American graduate students, unlike German students, tend to select their university on account of the number and richness of the courses listed in the catalogue on their particular subjects, rather than by reason of the eminence of the professors who teach them. Some years ago it happened that a professor of rare distinction in his field, and an admirable teacher, who had a large number of graduate students in his seminar, accepted a chair in another university. His successors at his former post, however good, were by no means men with his reputation. Under these circumstances, one would have supposed that many of his pupils would have followed him, and that fresh students would have sought him in his new chair. But in fact the seminar at the place he left was substantially undiminished, and he had a comparatively small body of graduate students in the university to which he migrated.

The real reason for increasing the list of courses, though it is often not consciously recognized, is quite as much a desire to attract students as a belief in the benefit conferred on them after they come. The result has been a great expansion within the last score of years in the number of courses offered by all the larger universities. Counting two half-courses as equivalent to one full course, our Faculty of Arts and Sciences offered last year to undergraduates or graduates 417½ courses running throughout the year. Of these 67 were designated as seminars, where advanced students work together in a special field under the guidance of the professors. More will be said of these later. Some of the remaining 350½ were in reality of the same character, and others involved purely laboratory work; but most of them were systematic courses of instruction, mainly what are called, not always accurately, lecture courses. In addition, there were 119 more courses listed in the catalogue, but marked as being omitted that year. These are in the main courses designed to be given in alternate years, where the number of applicants is not large enough to justify their repetition annually. A student has thus an opportunity to take them at some time during his college career. They entail upon the instructor almost as much labor in preparation as the others, and are an integral part of the courses of instruction provided by the University. The total number of courses, therefore, offered by the Faculty of Arts and Sciences was 536½, whereby something over 73 were in the nature of seminars.

Some years ago a committee of the Board of Overseers suggested that there were needless courses provided, and the Committee of the Faculty on Instruction examined the whole list, making careful inquiries of the members of the several departments, and reported that with one or two exceptions there were no courses for which good and sufficient reasons could not be given. The result of a similar inquiry would be the same today. There are few, if any, courses that could be seriously considered by anyone as useless or superfluous in themselves. Almost every one of them is intrinsically valuable, and a distinct contribution to the instruction in the subject. Nevertheless, it is a proper subject for consideration whether the policy of offering courses of instruction covering every part of every subject is wise. No European university attempts to do so. No single student can take them all in any large field and his powers would be deadened by a surfeit of instruction if he did. For the undergraduates a comparatively small array of staple courses on the most important portions of the subject, with a limited number of others on more highly specialized aspects thereof, is sufficient. For the graduate students who remain only a year to take the degree of Master of Arts, and who are doing much the same work as the more advanced Seniors, the same list of courses would be enough; and for those graduates who intend to become professors in universities and productive scholars it would probably be better, — beyond these typical specialized courses, which would suffice to show the method of approaching the subject — to give all the advanced instruction by means of seminars where the students work together on related, but not identical paths, with the aid of mutual criticism and under the guidance of the professors. Fewer courses, more thoroughly given, would free instructors for a larger amount of personal supervision of the students, would be better for the pupils; and would make it possible for the University to allow those members of the staff who are capable of original work of a high order more time for productive scholarship. Many a professor at the present day, under the pressure of preparing a new course, cannot find time to work up the discoveries he has made, or to publish a work throwing a new light on existing knowledge.

In making these suggestions there is no intention of urging a reduction of our existing schedule. But it is time to discuss the assumption, now apparently prevalent in all American universities, that an indefinite increase in the number of courses provided is to be aimed at in higher education. The question is whether that policy is not defective in principle, and whether we are not following it to excess, thereby sacrificing to it other objects equally, if not more, important.

Courses are merely a means to an end, and that end is the education of the student. One method of placing courses in their true light as a means of education is the provision of comprehensive examinations for graduation, covering the general field of the student’s principal work beyond the precise limits of the courses he has taken. This has long been done in the case of the doctorate of philosophy; and in the year covered by this report it was applied for the first time to undergraduates concentrating in the Division of History, Government and Economics. Only 24 students of the Class of 1917, who finished their work in three years and concentrated in this field, came under its operation; but they were numerous enough to give a definite indication of the working of the plan. To that extent the results were satisfactory. The examination papers were well designed for measuring the knowledge and grasp of the subject, with a large enough range of options to include the various portions of the field covered by the different candidates; and the examiners themselves were satisfied with the plan as a fair means of testing the qualification of the students. During the coming year a much larger number of men will come up for this comprehensive examination, which promises to mark a new departure in American college methods.

 

Source: Harvard University. Reports of the President and the Treasurer of Harvard College 1915-16 (Cambridge, 1917), pp. 11-19. Reprinted in Harvard Crimson, January 19, 1917.

Image Source: Harvard President A. Lawrence Lowell from Harvard Class Album 1920.

 

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Chicago Cornell Economists Harvard

Harvard and Chicago. Harvard Class of 1873 reports from J. Laurence Laughlin 1879-1913


James Laurence Laughlin (1850-1933)
was the founding head of the Department of Political Economy at the University of Chicago. One earlier post provided a mid-career biographical sketch of Laughlin and another his proposal at Cornell to expand the economics course offerings. Also of interest is his list of suggested titles for a personal library of economics as of 1887.

When compared to the notes submitted to the respective Harvard Class Secretaries,   Frank W. Taussig (Class of 1879) or Robert Franz Foerster (Class of 1909), Laughlin appears to have had a less intense filial attachment to his alma mater.

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1879

JAMES LAWRENCE [sic] LAUGHLIN.

Secretary has heard nothing from him. At last accounts he was teaching school in Boston

Source: The Second Triennial Report of the Secretary of the Class of 1873 of Harvard College. Boston, Geo. H. Ellis Press, Commencement 1879. Page 18.

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1883

JAMES LAWRENCE [sic] LAUGHLIN.

Received degree of Ph. D. from Harvard in 1876 and was appointed instructor in Political Economy in 1878. Has been made Assistant Professor in the same department the current year. Has been a contributor to the “Atlantic,” “International,” etc. Was married September 9, 1875, to Alice McGuffey of Cincinnati. A daughter, Agatha, was born January 3, 1880, and his wife died January 11, 1880.

Source: The Third Triennial Report of the Secretary of the Class of 1873 of Harvard College. Newport, Davis & Pitman, Commencement 1883. Page 17.

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1885

JAMES LAWRENCE [sic] LAUGHLIN.

Assistant professor of political economy at Cambridge. Has published ” Laughlin’s Mill’s Political Economy,” and written a few magazine articles. Was married to Miss H. M. Pitman, Sept. 4, 1883.

Source: The Fourth Triennial Report of the Secretary of the Class of 1873 of Harvard College. Boston, Rand, Avery, & Co., Commencement 1885. Page 14.

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1888

JAMES LAURENCE LAUGHLIN.

626 Chestnut St., Philadelphia. “I have written a new book : ‘The Elements of Political Economy; with some applications to Questions of the Day,’ in 1887, and it has gone into a second edition. ‘Gold and Prices since 1873;’ a study on the so-called appreciation of gold, etc., etc. My ‘History of Bimetalism,’ has gone into its second edition; and my edition of ‘Mill,’ into its fourth or fifth. I have resigned my position in Cambridge, and

have come to Philadelphia to take the management of an Insurance Co., the ‘Philadelphia Manufacturers Mutual Fire Insurance Co.;’ but shall continue my economic writing.”

Source: The Fifth Triennial Report of the Secretary of the Class of 1873 of Harvard College. Boston, S. J. Parkhill & Co., Commencement 1888. Page 21.

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1891

JAMES LAWRENCE [sic] LAUGHLIN.
“I am Professor of Political Economy and Finance at Cornell University and see Jack White every day. These are my two distinctions since last writing.”

[…]

HORATIO STEVENS WHITE.

“I have just finished my third year as Dean of the Faculty. This spring I was called to the chair of Germanic languages in the new Stanford University, Palo Alto, California. The trustees here meanwhile appointed me as head of the German department with an increase in salary. The California offer however remains open, and I shall visit the Pacific coast next winter and study the situation on the spot before coming to a final decision. Our Faculty baseball nine, which has been organized for several years, continues to win a majority of its games with various student clubs. The chair of Political Economy left vacant by the resignation of Professor E. B. Andrews, who was elected President of the Brown University, has been filled by the appointment of our classmate Laughlin, who has occupied the position this year with general acceptance. As a result of his efforts the trustees have decided to appoint an associate professor in the department, to establish two special fellowships in Political Economy, and to place at his disposal a generous publication fund. The University is to be congratulated upon this able contribution which ’73 has thus made to our Faculty.”

Source: The Sixth Triennial Report of the Secretary of the Class of 1873 of Harvard College. Boston, S. J. Parkhill & Co., Commencement 1891. Pp. 19, 39.

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1898

JAMES LAWRENCE [sic] LAUGHLIN.

5747 Lexington Ave., Chicago, I11. Taught school in Boston, and took degree of Ph.D. at Cambridge in 1876. Was appointed instructor in Political Economy at Harvard in 1878 and Assistant Professor in 1883. In 1888 he was in Philadelphia, where he had the management of the Philadelphia Manufacturers’ Mutual Fire Insurance Co. Subsequently he was Professor of Political Economy and Finance at Cornell, and is now at Chicago University in a similar capacity. He has devoted much time to writing on political economy and finance, and has published some important books on those subjects.

Source: The Seventh Report of the Secretary of the Class of 1873 of Harvard College Issued upon the Twenty-fifth Anniversary of Graduation. Boston, S. J. Parkhill & Co., Commencement 1898. Page 23.

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1905

JAMES LAWRENCE [sic] LAUGHLIN.

Since 1892 he has been Head Professor of the department of Political Economy in the University of Chicago. For some years he has been editor of the “Journal of Political Economy.” He served on the Monetary Commission appointed by the Indianapolis Convention of Boards of Trade, in 1898, and was entrusted with the preparation of the report which appeared in a volume of six hundred and eight pages. In 1894 he was invited to prepare a currency law for Santo Domingo. The visit to the island on a special steamer, the negotiations with the government, the enactment of the law and its provisions, were subsequently published in the “Journal of Political Economy.” In 1902 he published the first volume of a magnum opus on money. This volume, “The Principles of Money,” will be followed by five succeeding volumes “when time is granted to finish them.” In addition to this work he has written many books and articles treating of the various phases of his specialty in this and other countries.

Source: The Eight Report of the Secretary of the Class of 1873 Harvard. Boston, Rockwell and Churchill Press, Commencement 1905. Pp. 23-4.

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1913

JAMES LAURENCE LAUGHLIN.

Is at the head of the Department of Political Economy at Chicago, and an authority on finance whose reputation is world-wide. At the Three Hundredth Jubilee of the University of Giessen, Germany, in 1907, he was given an Honorary Doctorate. He writes:

“Any modest member of the Class of 1873 does not feel that he has done anything worth reporting. In 1906 I was appointed by the German Kultus Ministerium an exchange professor from the University of Chicago to Berlin. I lectured in German before the Vereinigung für Staatswissenschaftliche Fortbildung, and also in Cologne, as well as at the University of Berlin. In the winter of 1908-09, I was one of two delegates (the other being Professor A. A. Michaelson, the recipient of a Nobel Prize) to the Scientific Congress of all American Republics in Santiago, Chile. I crossed the Andes, visiting Argentina, and came home by the east coast. In June, 1911, I was given leave of absence from the University in order to take charge of the nation-wide campaign to obtain a reconstruction of our currency and banking system. In this work I was chairman of the Executive Committee of the National Citizens’ League for the promotion of a sound banking system. The results of this campaign are now apparent. Not only is there an insistent and intelligent public opinion demanding reform, but the new administration is ready to put a satisfactory measure through Congress. It now looks as if the purpose of this campaign was certainly attained. Of course I have been guilty off and on of publishing some books and articles, but they are not as good as I should like to have them, and when I get to the next world I am going to revise them and make them just what they ought to be for an audience that I hope will not yet be made up very largely of the Class of 1873. For I hope that the surviving members of the class will long be here after I have departed.”

Source: The Ninth Report of the Secretary of the Class of 1873 Harvard. Boston, Rockwell and Churchill Press, Commencement 1913. Pp. 25-6.

Image Source: Clipped from printed speech given at the 78th meeting of The Sunset Club at the Grand Pacific Hotel, Chicago, December 6, 1894 found in Laughlin, James Laurence. Papers, [Box 1, Folder 17], Special Collections Research Center, University of Chicago Library.

 

 

 

 

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Economists Harvard Princeton

Harvard. Economics Ph.D. Alumnus. Robert Franz Foerster, 1909


Robert Franz Foerster (b. July 8, 1883; d. July 29, 1941) was the son of the American composer Adolph Martin Foerster, earned his BA from Harvard a year ahead of his class and went on at Harvard to earn a Ph.D. in economics on the topic of Italian emigration. The first twenty years of his career following his undergraduate education is sketched in the following four notes he submitted to the secretary of the Class of 1906. Foerster went on to become Professor of Industrial Relations at Princeton University. Some details about his undergraduate years can be gleaned from the Secretary’s First Report Harvard College Class of 1906, Cambridge, Crimson Printing, June 1907.

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1912

ROBERT FRANZ FOERSTER

Graduating in 1905, as of 1906, I spent in Europe fourteen months of 1905-1906, travelling in England, France, Germany, Switzerland, Austria, Hungary, Italy, Holland and Belgium. For four months I was in Italy, for five in Berlin, where I took courses at the university. In the fall of 1906 I returned to Harvard, where for three years I was in the Graduate School. In 1909 I received the degree of Ph.D. in economics, my thesis dealing with Italian emigration. From 1908-1909 I was an assistant at Harvard in social ethics, from 1909-1911 an instructor, and since 1911 an instructor on the Faculty. I am chairman of the Immigration Committee of the American Unitarian Association and director of the Social Research Council of Boston. The latter has recently been affiliated with the department of social ethics, with offices in Emerson Hall, Cambridge. Books or plays of my authorship: “A Statistical Survey of Italian Emigration,” Quarterly Journal of Economics, November, 1908; “The French Old Age Insurance Law of 1910,” Quarterly Journal of Economics, August, 1910; “The British National Insurance Act,” Quarterly Journal of Economics, February, 1912; reviews and translations in economic journals; bibliographies in “A Guide to Reading in Social Ethics and Allied Subjects,” Harvard University, 1910. Member: American Economic Association, American Statistical Association, American Association for Labor Legislation. Business address: Harvard University, Cambridge, Mass. Present residence: 71 Perkins Hall, Cambridge, Mass.

 

Source:   Secretary’s Second Report Harvard College Class of 1906, Cambridge, Crimson Printing, June 1912, pp. 99-100.

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1916

ROBERT FRANZ FOERSTER

Born              Pittsburgh, Pa., July 8, 1883.

Parents         Adolph Martin Foerster, Henrietta Margaret Reineman.

School           Central High School, Pittsburgh, Pa.

Years in College 1902-1905.

Degrees         A.B., 1905 (1906); Ph.D., 1909.

Occupation   University Professor.

Address        (home) 11 Shady Hill Square, Cambridge, Mass. (business) Emerson Hall, Harvard University, Cambridge, Mass.

I have continued to teach in the department of social ethics at Harvard. In 1913 I was promoted to an assistant professorship. Upon the retirement of Dr. Peabody, early in that year, Professor Ford and I took over the conduct of the course “Social Ethics 1” which our predecessor had for many years given as “Philosophy 5″—the first course of a department, established in 1906, which has continued to grow both in courses and in student enrolments. In 1912 I was appointed by Governor Foss chairman of a commission to study the question of the dependency of widows’ families. Our report was presented to the legislature in January of the following year. In the spring, after a considerable fight, a measure providing a system of “mothers’ aid,” based partly on the commission’s bill, was enacted. During the summer of 1913, in an absence from America of six or seven weeks, I journeyed, via the Azores, Madeira, and Algiers, to Sicily, Calabria, and Basilicata, regions in which I had become interested in a study of Italian emigration; I returned via the Tyrol, Switzerland, and France. The summer of 1914 I spent largely in Cambridge, doing a piece of work for Dr. Mackenzie King in connection with the department of industrial relations newly established by the Rockefeller Foundation. In these several years I have maintained connections with various social and philanthropic enterprises. In 1915 I became engaged to Miss Lilian Hillyer Smith, Radcliffe 1915, of Forest Hills, Mass, subsequently of Princeton, N. J. After our marriage, we expect to settle, in the fall, in No. 11 Shady Hill Square, Cambridge. I have written: Report (majority) of the Massachusetts Commission on the Support of Dependent Minor Children of Widowed Mothers (Boston, 1913). Member: Colonial Club, Cambridge, Harvard Club of Boston, American Economic Association, American Association for Labor Legislation, American Statistical Association.

 

Source:   Secretary’s Third Report Harvard College Class of 1906, Cambridge, Crimson Printing, 1916, pp. 139-40.

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1921

ROBERT FRANZ FOERSTER

Address:       (home) 11 Shady Hill Sq., Cambridge, Mass.

Occupation: University Professor.

Married:       Lilian Hillyer Smith, Princeton, N. J., June 5, 1916.

I continued after the War broke out to teach at Harvard, and by the Spring of 1918 was the only person left teaching in my department. I had been overworking for a considerable period and suffered a breakdown in April, 1918. Though I continued to teach for the remainder of the Spring Term, I found it impossible to return to the University in the Fall. The Fall and Winter were devoted to the effort to regain my health and included a considerable stay in Johns Hopkins Hospital. At the end of March, 1919 I returned to Harvard to teach. Last Summer (1920) I went abroad with my wife, returning in much sounder health than when I went away, and to-day I regard myself as quite restored to health. (But what an absurdly common thing it is for professor folk at some stage or other to go to pieces!) Late in 1919 I published a comprehensive volume on Italian emigration, which had been on my hands for some years and which I had virtually completed, except for seeing through the press, by the Spring of 1918.

Have written: “The Italian Emigration of our Times” (558 pages). (Published by Harvard University Press, Cambridge, Mass., December, 1919.)

Member: American Economic Association; American Association for Labor Legislation; American Statistical Association.

 

Source:   Harvard College Class of 1906, Fifteenth Anniversary Report (No. 4), Cambridge, Massachusetts: University Press, 1921, pp. 112-113.

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1926

ROBERT FRANZ FOERSTER

Address:       4 College Rd., Princeton, N. J.

Occupation:  Economist.

Married:       Lilian Hillyer Smith, Princeton, N. J., June 5, 1916.

Children:      Lilian Egleston, born April 16, 1922; Margaret Dorothea, born October 15, 1924.

In the summer of 1920 I went with my wife to Europe, visiting scenes familiar and unfamiliar. In the late summer of the following year I entered upon various field studies dealing with labor relationships, first in Colorado and subsequently in Western Pennsylvania, and chiefly concerned with the coal industry.

In the summer of 1922 I was appointed to a professorship of economics in Princeton University, where my duties were essentially those of a director of the Industrial Relations Section, an organization interested mainly in constructive action in the field of industrial relations. My immediate duty here was the assembling of documentary information on labor relationships. I have had unusual opportunities for contact with employers and with representatives of the employed and have traveled considerably to places where interesting activities were being carried on.

During my free time in recent years I have undertaken advisory or research work in labor subjects. The results of one such employment, undertaken for the Secretary of Labor, were published in 1925 under the title “The Racial Problems Involved in Immigration from Latin America and the West Indies to the United States,” and brought a variety of interesting reactions.

            Have written: “The Italian Emigration of our Times” (558 pages). (Published by Harvard University Press, Cambridge, Mass., December, 1919.) Various articles; and a report, “The Racial Conditions Involved in Immigration from Latin America and the West Indies to the United States,” published by the Department of Labor, Washington, 1925.

Member: American Economic Association; American Statistical Association; American Association for Labor Legislation; American Management Association; Advisory Committee, Washington Branch Internal Labor Office; Committee on Immigration of Social Science Research Council; Committee on Personnel Management of American Management Association.

 

Source:   Harvard College Class of 1906, Twentieth Anniversary Report (No. 5), Cambridge, Massachusetts: University Press, 1926, pp. 95-96.

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