Category: Illinois

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Halle (Germany). 1897 economics PhD alumnus and later Illinois professor, Ernest L. Bogart

 

Today’s post provides some biographical information about the American economic historian and long-time University of Illinois economics professor, Ernest L. Bogart. I might have begun my search beginning from the fact that Bogart was the 1931 President of the American Economic Association, but no, I stumbled across his name during an examination of the Columbia University Quarterly of March, 1899 where I read “Mr. E. L. Bogart, graduate student in 1897-98, has been appointed Professor of Political Economy at Indiana University”.  I could find no record of Bogart actually completing a degree at Columbia, so I slipped on my gum shoes and proceeded to do a background check. It wasn’t hard and again found an example of an economist who had lived a very successful academic life but has become dependent on the helping hand of a historian of economics to be dusted off, properly preserved, and displayed in a collection of artifacts. 

Ernest L. Bogart began his academic life as a Princeton man (A.B., 1890; A.M.,1896) and went on to the Johannes Conrad Seminar in Halle Germany to write a doctoral dissertation published as Die Finanzverhältnisse der Einzelstaaten der Nordamerikanischen Union [in Sammlung nationalökonomischer und statistischer Abhandlungen des staatswissenschaftlichen Seminars zu Halle a.d.S. herausgegeben von Johannes Conrad. Vol. 14. Jena: Gustav Fischer, 1897]. He passed through Columbia University for one year in what we would today call a post-doc, then on to appointments at Smith College (probably filling in for Henry L. Moore on leave), then University of Indiana, Oberlin College, back to Princeton, and then to the University of Illinois in 1909.

__________________

MEET THE FACULTY: ERNEST L. BOGART

After serving the University and his country—and even acting in an international capacity—for nearly a third of a century, Ernest L. Bogart, head of the department of economics from 1920 until the beginning of the current school year, and now professor of economics, emeritus, has retired, and, with Mrs. Bogart, is residing temporarily in New York City.

Mr. Bogart, whose notable, writings in the field of economics, are numerous and whose service to the nation has been wide and varied, assisted the Persian government in 1922-23. He was adviser on banking and currency to that Government and is credited with having aided materially in Persian monetary matters.

Born March 16, 1870 in Yonkers, N.Y., Mr. Bogart received his A.B. degree in 1890 and his A.M. degree in 1896, both from Princeton University. In 1897 he obtained his Ph.D. degree from the University of Halle, German.

Two years as an assistant professor of economic and social science at Indiana University were followed by five years service—1900-05—at Oberlin College. He then returned to his alma mater and for four years was assistant professor of economics. In 1909, he came to the University as professor of economics, a position he held until this year.

In addition to his service here, Mr. Bogart was professor of banking and finance, Georgetown School of Foreign Service, 1919-20, professor of economics, Claremont College, 1929-30 professor of economics during the summer sessions at Columbia University, University of California, University of Texas, and Southern California.

Mr. Bogart’s government service includes membership on the committee of public information, 1918, in charge of commodity studies bureau of research, War Trade Board, 1918, regional economist, foreign trade advisor, State Department, 1919-20, advisory committee, National Economic League since 1920, delegate of State Department to convention of foreign trade council, 1920, advisory committee, Stable Money Association since 1924, committee on monetary policy of the U. S. Chamber of Commerce, 1933, government’s commission on unemployment, 1933, and economists’ national monetary commission since 1934.

The economist is a member of the National Park Association, Econometric Society (British), Foreign Policy Association, Persian-American Association, American Economic Association, Phi Beta Kappa, Beta Gamma Sigma, Delta Sigma Pi, and Phi Kappa Epsilon.

Source: From the Daily Illini, November 29, 1938, p. 3. Transcription also found at: University of Illinois. Conference on Iran’s Economy, December 11-13, 2008.

Image Source: Ernest L. Bogart, Historical faculty, department of economics, University of Illinois.

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Economics Faculty Salaries for 15 U.S. universities. Hart Memo, April 1961

 

Here we have a memo written by member of the Columbia University economics department executive committee, Albert G. Hart, that presents the results of what appears to be his informal polling of the chairpersons of 21 departments. Fifteen of the departments provided the salary ranges at four different ranks. No further details are provided, this one page memo was simply filed away in a folder marked “memoranda”. Maybe there is more to be found in Hart’s papers at Columbia University. Up to now I have only sampled Hart’s papers for teaching materials and perhaps next time, I’ll need to look into his papers dealing with departmental administrative affairs.

For a glance at salaries about a half-century earlier:  Professors and instructors’ salaries ca. 1907. 

________________

AGH [Albert Gailord Hart] 4/21/61

CONFIDENTIAL information on economic salaries, 1960-61, from chairmen of departments

Institution

 Professors Associate professors Assistant professors

Instructors
Harvard

$12,000-22,000

 $9,000-12,000 $7,500-8,700

$6,500
Princeton

$12,000-…?…

 $9,000-11,500 $7,000-8,750

$6,000-6,750
California

$11,700-21,000

 $8,940-10,344 $7,008-8,112

$5,916-6,360
MIT

$11,000-20,000

 $8,000-11,000 $6,500-9,000

$5,500-5,750
Minnesota

$11,000-18,000

 $8,500-11,000 $6,800-8,400

?
COLUMBIA

$11,000-20,000

 $8,500-10,000 $6,500-7,500

$5,500-5,750
Northwestern

$11,000-…?…

 $8,000-11,000 $6,800-7,500

?
Duke

$11,400-16,000

 $8,200-10,000 $7,200-8,200

$5,800-6,500
Illinois

$11,000-15,000

 $7,500-10,000 $6,900-8,600

$6,500-7,100
Cornell

$10,000-15,000

 $8,000-10,000 $6,500-7,500

$5,500-6,500
Indiana

$10,000-14,800

 $8,300-10,000 $6,500-7,500

?
Michigan

$10,000-…?…

 $8,700-..9,500 $6,600-8,000

$5,000
Virginia

$..9,800-15,000

 $7,800-..9,800 $6,600-7,800

?
Wisconsin

$..9,240-16,150

 $8,000-..9,000 $6,550-8,460

$5,250-5,450
Iowa State (Ames)

$..8,500-13,000

 $7,500-..8,500 $6,700-8,000

$4,700-6,600

[…]

Note: The following institutions for which data were not included in the source materials are believed to pay their economists at scales at or above the Columbia level:

Carnegie Tech
Chicago
Johns Hopkins
Stanford
Yale
UCLA

[…]

 

Source:  Columbia University Archives. Columbia University, Department of Economics Collection. Carl Shoup Materials: Box 11, Folder: “Economics—Memoranda”.

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Columbia. Seligman Recommends Three Harvard Colleagues for English Visiting Professorship, 1925

 

The Sir George Watson Chair of American History, Literature, and Institutions was administered by the Anglo-American Society for a distinguished visiting professor to lecture in several English universities. The inaugural lecture was given in 1921 by Viscount Bryce. That lecture, “The Study of American History” was published along with an account of the establishment of the Sir George Watson Chair. The first full course of lectures, “Economic Problems of Democracy” was given the following year by the economist and President-Emeritus of Yale University, Arthur T. Hadley. 

From the following exchange of letters between the president of Columbia University and economist, E.R.A. Seligman, we harvest Seligman’s ranking of four economics professors (three from Harvard and one from Johns Hopkins) regarded by Seligman to dominate the leading specialists in American economic history for this prestigious visiting position in “American History, Literature, and Institutions”. I have been unable at this time to determine who was actually appointed in 1925 or 1926

______________________________

Columbia President Butler Requests E.R.A. Seligman to Propose Names of Distinguished Economists for a British Chair in American History

Columbia University
in the City of New York
President’s Room

January 6, 1925

Professor E. R. A. Seligman
Department of Economics

My dear Professor Seligman

The electors to the Watson Chair of American History in British Universities contemplate acting upon a suggestion of mine and naming in the not distant future a competent American scholar to present the subject of our economic history and development. The topics that I have in mind include the migration West and the settlement of the large land areas there, the development of government aid in internal improvements, the building up of the railway and other transportation systems, the struggles over the tariff, the development, both industrially and geographically, of our manufacturing system, and the growth and character of foreign trade. There would, of course, also have to be treatment, although in general fashion, of the high points of our financial history.

Can you out of your wide acquaintance with American economists suggest a few names that I might send to the electors for consideration when they come to make their choice? The man ought to have enough standing at home to make his appointment abroad significant. He ought to be a good lecturer before a general academic audience and he ought to have a sufficiently philosophic cast of mind to avoid plunging into a morass of facts and statistics when what is needed is philosophic exposition of principles, happenings and trends of events.

With cordial regards an all the compliments of the season, I am

Faithfully yours
[signed]
Nicholas Murray Butler

______________________________

Copy of Seligman’s Response to Butler’s Request

January 7, 1925.

President Nicholas Murray Butler,
Columbia University.

My dear President Butler:

In reply to your letter of January 6th I would say that the professed economic historians are not of the very first rank. The best of them are Clive Day, of Yale, who is, I am afraid, a bit ineffective as a speaker; E. L. Bogart, of Illinois, who is a much more impressive personality and who is a fine fellow, although not a scholar of the first rank; and, finally, Professor Gras, of Minnesota, who is a younger man. It would be far better, it seems to me, to choose some prominent economist, many of whom either give courses in economic history as an incidental matter or who may be assumed to have a competent knowledge of American history. In this rank I should put first Professor E. L.(sic) Gay, of Harvard, with whom no doubt you are acquainted, and who was formerly editor of the Evening Post; then either Ripley or A. A. Young, of Harvard, would do very well, as they are both men of distinction and personality. Other men, like Hollander of Johns Hopkins, occasionally gives courses similar to the one that I give every few years, on economic and fiscal history. Taking it all in all, the order of my choice would be Gay, Young, Ripley, Hollander.

If you desire more detailed information about any of these and their characteristics or standing, I should be glad to talk it over with you.

Faithfully yours,
[E.R.A. Seligman]

 

Source: Columbia University Archives. Edwin Robert Anderson Seligman Collection, Box 37, Folder “Box 100, Seligman, Columbia 1924-1930”.

Image Source: E.R.A. Seligman portrait in  American Economic Review, 1943.

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Columbia Ph.D. Alumnus. Benjamin M. Anderson, 1886-1949

 

 

While the bulk of my internet trawling time for Economics in the Rear-View Mirror is devoted to tracking down curricular material and texts, serendipity occasionally takes me to biographically interesting places. Benjamin Anderson is of interest to ERVM both as having earned an economics Ph.D. from the Columbia School of Political Science and later as an economics professor at Harvard and UCLA. 

Research Tip: The University of California’s series of In Memoriam volumes.

____________________

Benjamin McA. Anderson, Economics: Los Angeles
(1886-1949)

Earl J. Miller, Marvel Stockwell, John Clendenin, Vern O. Knudsen

BENJAMIN MCALESTER ANDERSON (May 1, 1886-January 19, 1949), son of Benjamin McLean and Mary Frances (Bowling) Anderson, was born in Columbia, Missouri. He married Margaret Louis Crenshaw May 27, 1909. He is survived by his wife and three children, John Crenshaw, William Bent, and Mary Louise (Brown). A fourth child, Benjamin M. Anderson III, died in 1919.

Professor Anderson received the A.B. at the University of Missouri in 1906, the A.M. at the University of Illinois in 1910, and the Ph.D. in Economics at Columbia in 1911. He was a member of Phi Beta Kappa, and an active member of the American Economic Association, in which he served as vice-president and a member of the Executive Committee. He served as Professor of History in the State Normal School at Cape Girardeau, Missouri, in 1905; Professor of English Literature and Economics at Missouri Valley College, Marshall, Missouri, in 1906; Professor of History and Economics at the State Teachers College, Springfield, Missouri, from 1906 to 1911; Instructor in Economics at Columbia from 1911 to 1913; Assistant Professor of Economics at Columbia, 1913; Assistant Professor of Economics, Harvard, 1913-1918; economic advisor in the National Bank of Commerce in New York, 1918-1920; economist for the Chase National Bank of New York, 1920-1939; Professor of Economics in the University of California at Los Angeles, 1939-1949 (Connell Professor of Banking, 1946-1949).

Professor Anderson enjoyed a rich experience as a youth in his home at Columbia, Missouri. His father was for many years a prominent member of the Missouri State Legislature. Their home was the scene of innumerable political conferences to which Dr. Anderson was invited and from which he developed a keen interest in the then current political and economic problems.

Dr. Anderson’s publications were extensive, including four books and many articles and reviews. Outstanding among them were his books, Social Value, 1911; The Value of Money, 1917; Effects of the War on Money, Credit and Banking in France and the United States, 1919; Financing American Prosperity (coauthor with J. M. Clark, Columbia; A. H. Hansen, Harvard; S. H. Slichter, Harvard; H. S. Ellis, California at Berkeley; and J. H. Williams, Harvard), 1945. Much of his time during the last few years of his life was devoted to the writing of another book entitled Economics and the Public Welfare, a financial and economic history of the United States, 1914-1946. This extensive work was ready for proofreading at the time of his death. The book has now been published. It is a further major contribution to the field of economic literature comparable in quality to the high standard set in his previous works.

He contributed articles to many magazines and journals. Among them were the American Economic Review; Annals of the American Academy; Political Science Quarterly; Quarterly Journal of Economics; The New York Times; The Commercial and Financial Chronicle; The Bankers Magazine (London); The London Times; and the Wall Street Journal. During the past ten years he has published eight issues of the Economic Bulletin under the sponsorship of the Capital Research Company of Los Angeles. He associated himself for many years with a group of well-known economists in the organization known as the Economists’ National Committee on Monetary Policy, and served as President of that organization. Several of his articles were reprinted and circulated on a wide basis by that organization.

While economist for the Chase National Bank of New York, Professor Anderson published over two hundred issues of the Chase Economic Bulletin, which was distributed and read extensively in government, banking and educational circles in many countries. Representing the Chase National Bank he traveled extensively in foreign countries to conduct negotiations with leading government and banking officials. He was called on numerous occasions to testify before committees of the U.S. Congress and the New York State Legislature on questions of state, national and international policy relating to the fields of money and banking. These activities together with the wide circulation of his books, and of his articles in professional and financial journals and magazines, made him one of the best-known and most distinguished economists of his generation in both the national and international fields.

The firsthand contact with practical banking, with American and foreign banking officials, and with government agencies concerned with our economic and monetary affairs, which Dr. Anderson had enjoyed through many years, greatly enriched the content of his teaching and enabled him to provide for his students a sound and thoroughly practical experience. He originally possessed a scholarly command of history, literature, and languages which added impressively to his work, and he brought to his teaching and advisory tasks a broad perspective and keen judgment which made his pronouncements on economic affairs surprisingly accurate and wise.

Professor Anderson was a modest and distinguished scholar and a man esteemed by his colleagues for his personal qualities of kindly manner, stimulating humor, sympathetic appreciation and helpful cooperation. As a scholar and as a man he made a memorable contribution to the community in which he lived.

Source: Calisphere website: University of California, In Memoriam 1949, pp. 1-4.

Image Source: Benjamin M. Anderson in Harvard Class Album, 1915.

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Size distribution of graduate and undergraduate programs in economics. U.S., 1963-65

 

 

These are the last two statistical tables from the so-called “Cartel” summary report from December 1965 of leading economics departments in the U.S. intended to provide orientation for departmental chairpersons in salary negotiations. Today’s posting gives the numbers of undergraduate and graduate majors reported by 29 departments. 

Earlier postings gave the distribution for full-professors, the distribution for associate professors, and the distribution for assistant professors across departments. Two previous postings have the actual distributions for entering salaries for new Ph.D.’s for 1964-65 and 1965-66 and the anticipated range of salary offers for new Ph.D.’s for 1966-67. Those first five reports from The Cartel provide distributions of median or average incomes or ranges of salary offers by ranks across departments. Table 6c from the summary report that gives the salary distributions by rank for 335 professors, 143 associate professors and 185 assistant professors from all 27 departments.

Refer to the first posting in this series of tables for information about the compiler Professor Francis Boddy of the University of Minnesota and a list of the 30 departments belonging to the Chairmen’s Group.

____________________

 

TABLE 7c
Graduate majors in Economics – 29 institutions:

 

1963-64 1964-65 1965-66
(Estimate)
300 and over 2 2

1

200-299

 0 0 2
150-199 3 4

5

100-149

 6 5 6
80-99 4 4

3

60-79

 5 7 5
40-59 6 4

4

20-39

 2 1 0
1-19 1 1

1
Number of departments reporting:

29

 28

27
Total number of students:

2,963

 3,057

3,118

____________________

 

TABLE 8C
Undergraduate majors in Economics – 29 institutions

 

1963-64 1964-65
300 and over 4

4

250-299

 1 1
200-249 3

2

150-199

 4 6
100-149 8

5

80-99

 1 1
60-79 2

1

40-59

 2 3
20-39 1

1

1-19

 1

1
Number of departments reporting:

27

25
Total number of students:

4,550

4,312

 

Source: Johns Hopkins University. The Ferdinand Hamburger, Jr. Archives. Department of Political Economy, Series 5, Box 6, Folder 2 “Statistical Information”.

Image Source: quick meme website.

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Economics Professors’ Salaries by Rank (6), 1965-66

 

 

This is the sixth table from the so-called “Cartel” summary report from December 1965 of 9-10 month salaries paid in U.S. economics departments. In the previous five tables The Cartel reports median or average incomes or ranges of salary offers by ranks across departments. In this posting we have Table 6c from the summary report that gives the salary distributions by rank for 335 professors, 143 associate professors and 185 assistant professors from all 27 departments.

Earlier postings gave the distribution for full-professors, the distribution for associate professors, and the distribution for assistant professors across departments. Two previous postings have the actual distributions for entering salaries for new Ph.D.’s for 1964-65 and 1965-66 and the anticipated range of salary offers for new Ph.D.’s for 1966-67.

Refer to the first posting in this series of tables for information about the compiler Professor Francis Boddy of the University of Minnesota and a list of the 30 departments belonging to the Chairmen’s Group.

Using the BLS web CPI Inflation calculator, one can inflate nominal levels (say for December 1965, the date of the report) to April 2017 using a factor of 7.69.

 

____________________

TABLE 6c

Salaries of Economists (9-10 month, academic year, 1965-66) in 27 of the 29 Departments of Economics (The Cartel):
N = Number of Persons

MID POINT OF RANGE PROFESSORS ASSOCIATE PROFESSORS ASSISTANT PROFESSORS
26,750/and over 2
26,500 0
26,000 2
25,500 1
25,000 8
24,500 0
24,000 4
23,500 2
23,000 7
22,500 2
22,000 12
21,500 7
21,000 10
20,500 5
2,0000 22
19,500 10
19,000 13
18,500 11
18,000 24
17,500 8
17,000 19
16,500 23
16,000 27
15,500 20 1 0
15,000 21 2 1
14,500 14 2 0
14,000 22 10 0
13,500 10 12 0
13,000 10 13 1
12,500 7 18 2
12,000 6 20 1
11,500 3 21 7
11,000 3 13 9
10,500 0 18 18
10,000 0 9 35
9,750 1 9
9,500 2 28
9,250 1 11
9,000 0 24
8,750 0 8
8,500 0 13
8,250 2
8,000 15
7,750 1
N=335 N=143 N=185

 

Source: Johns Hopkins University. The Ferdinand Hamburger, Jr. Archives. Department of Political Economy, Series 5, Box 6, Folder 2 “Statistical Information”.

Image Source:  “Me and my partner” by C. J. Taylor on cover of Punch, December 25, 1889. Library of Congress Prints and Photographs Division Washington, D.C.

 

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Expected New PhD Starting Salaries in U.S. Economics Departments (5), 1966/67

 

 

This is the fifth table from the so-called “Cartel” summary report from December 1965 of 9-10 month salaries paid in U.S. economics departments. Table 5c give figures for the anticipated range of salaries for “freshly completed PhD’s” for the coming academic year (1966-67) across the departments reporting. Earlier postings gave the distribution for full-professors, the distribution for associate professors, and the distribution for assistant professors. The previous posting has the actual distributions for entering salaries for new Ph.D.’s for 1964-65 and 1965-66. Refer to the first posting in this series of tables for information about the compiler Professor Francis Boddy of the University of Minnesota and a list of the 30 departments belonging to the Chairmen’s Group.

The copy of this table in the Johns Hopkins University archives has a useful handwritten addition. It is noted that the median lower bound of the range is $9,250 and the median higher bound of the range is $10,000. Thus one might say a measure of the range of the anticipated, as of December 1965), 9-10 month salary offers for “freshly completed PhDs” for 1966-67 was ($9,250 — $10,000), though such a range was not necessarily anticipated by any one of the 27 departments responding to that question.

Compared to Table 4c, this table tells us that the range of offers for “freshly completed PhDs” was anticipated to move up $250 about a 2.67% nominal increase from 1965-66 to 1966-67.

Using the BLS web CPI Inflation calculator, one can inflate nominal levels (say for December 1965, the date of the report) to April 2017 using a factor of 7.69.

 

____________________

TABLE 5c
Departments Expect to Have to Offer to Get
“Freshly Completed PhD’s for Next Year, 1966-67

 

MID-POINT OF RANGE

 FROM TO
13,000 0

0

12,500

 0 0
12,000 0

1

11,500

 0 0
11,000 0

6

10,500

 0 7
10,000 5

6

9,750

 0 0
9,500 8

4

9,250

 1 0
9,000 8

2

8,750

 1 0
8,500 1

1

8,250

 0 0
8,000 3

0

N=

 27

27

 

Source: Johns Hopkins University. The Ferdinand Hamburger, Jr. Archives. Department of Political Economy, Series 5, Box 6, Folder 2 “Statistical Information”.

Image Source:  Caption under the drawing: “No class of labor feels the grip of grinding monopoly more than our underpaid, overworked ball-players.”  “The base-ball Laocoon” by L. M. Glackens. Cover of Punch, May 14, 1913. Library of Congress Prints and Photographs Division Washington, D.C.

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New PhD Starting Salaries in U.S. Economics Departments (4), 1964/5-1965/66

 

 

This is the fourth table from the so-called “Cartel” summary report from December 1965 of 9-10 month salaries paid in U.S. economics departments. Table 4c give figures for the distribution of salaries for “freshly completed PhD’s” across the departments reporting. Previous postings gave the distribution for full-professors, the distribution for associate professors, and the distribution for assistant professors. The next posting has the anticipated (as of December 1965) range of salaries to hire freshly completed PhD’s for the coming academic year, 1966-67. Refer to the first posting in this series of tables for information about the compiler Professor Francis Boddy of the University of Minnesota and a list of the 30 departments belonging to the Chairmen’s Group.

Using the BLS web CPI Inflation calculator, one can inflate nominal levels (say for December 1965, the date of the report) to April 2017 using a factor of 7.69.

______________________

TABLE 4c
Entering Salaries of “Freshly Completed PhD’s” of New Staff Members
in the Fall of 1965-66 1964-65

 

MINIMUM MEDIAN MAXIMUM
MID-POINT OF RANGE 1965-66 1964-65 1965-66 1964-65 1965-66

1964-65

Over 10,999

 0 0 0 0 1 0
10,500 0 0 0 0 2

1

10,000

 2 0 4 3 7 0
9,750 2 0 4 0 1

0

9,500

 4 1 2 0 2 4
9,250 1 2 3 3 1

3

9,000

 3 6 0 5 3 6
8,750 1 1 3 5 0

1

8,500

 4 5 3 5 2 5
8,250 1 1 0 2 0

1

8,000

 2 3 1 0 1 0
7,750 0 0 0 0 0

1

7,500

 0 1 1 2 0 1
7,250 1 1 0 0 0

0

N=

 21 21 21 25 20 23
Median $9,000 $8,500 $9,250 $8,750 $9,750

$9,000

Mean

 $8,952 $8,583 $9,190 $8,820 $9,600

$8,913

 

Source: Johns Hopkins University. The Ferdinand Hamburger, Jr. Archives. Department of Political Economy, Series 5, Box 6, Folder 2 “Statistical Information”.

 

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Assistant Professors’ Salaries in U.S. Economics Departments (3), 1964/5-1965/66

 

 

This is the third table from the so-called “Cartel” summary report from December 1965 of 9-10 month salaries paid in U.S. economics departments. Tables 3c give figures for the distribution of assistant professor salaries across the departments reporting. Last posting gave the distribution for full-professors and the distribution for associate professors. The next posting has the distribution for entering salaries for new Ph.D.’s. Refer to the first posting in this series of tables for information about the compiler Professor Francis Boddy of the University of Minnesota and a list of the 30 departments belonging to the Chairmen’s Group.

Also there is a table of the anticipated (as of December 1965) range of salaries to hire freshly completed PhD’s for the coming academic year, 1966-67.

Using the BLS web CPI Inflation calculator, one can inflate nominal levels (say for December 1965, the date of the report) to April 2017 using a factor of 7.69.

____________________

TABLE 3c
ASSISTANT PROFESSORS 1965-66, 1964-65

(1)
Median Salaries
All Assistant Professors

MID-POINT
OF RANGE

 1965-66 1964-65
Over 11,249 0

1

11,000

 0 0
10,500 3

0

10,000

 7 1
9,750 2

0

9,500

 6 6
9,250 3

2

9,000

 4 5
8,750 1

6

8,500

 1 2
8,250 1

3

8,000

 1 2
7,750 0

0

7,500

 0 0
7,250 0

1

N=

 29 29
Median $9,500

$8,900

Mean

 $9,402

$8,936

 

 

TABLE 3c
ASSISTANT PROFESSORS 1965-66, 1964-65

(2)
Average Salaries
“Superior Assistance Professors”
(Top 1/3)

MID-POINT
OF RANGE

 1965-66 1964-65
Over 11,249 4

1

11,000

 3 2
10,500 8

5

10,000

 7 3
9,750 2

2
9,500 3 4
9,250 0

3

9,000

 1 3
8,750 1

3

8,500

 0 0
8,250 0

2

8,000

 0 0
7,750 0

0

7,500

 0 0
7,250 0

1

N=

  

29

  

29
Median $10,250

$9,500

Mean

 $10,333

$9,575

 

 

TABLE 3c
ASSISTANT PROFESSORS 1965-66, 1964-65

(3)
Average Salaries
“Average Assistant Professors”
(Lower 2/3)

MID-POINT
OF RANGE

 1965-66 1964-65
Over 10,749 0

1

10,500

 1 0
10,000 5

0

9,750

 2 0
9,500 4

3
9,250 7 1
9,000 2

8

8,750

 4 3
8,500 1

5

8,250

 2 3
8,000 1

1

7,750

 0 2
7,500 0

1

7,250

 0 1
N= 29

29

Median

 $9,300 $8,800
Mean $9,251

$9,063

 

Source: Johns Hopkins University. The Ferdinand Hamburger, Jr. Archives. Department of Political Economy, Series 5, Box 6, Folder 2 “Statistical Information”.

Image Source: Brussells conference, cartel magnate (detail). Postcard from 1902. Library of Congress Prints and Photographs Division Washington, D.C. 20540 USA.

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Associate Professors’ Salaries in U.S. Economics Departments (2), 1964/5-1965/66

 

This is the second table from the so-called “Cartel” summary report from December 1965 of 9-10 month salaries paid in U.S. economics departments. Tables 2c give figures for the distribution of associate professor salaries across the departments reporting. Last posting gave the distribution for full-professors. Future postings include the actual salary distributions for assistant professors and freshly completed PhD’s 1964/65 and 1965/66. Refer to the first posting in this series of tables for information about the compiler Professor Francis Boddy of the University of Minnesota and a list of the 30 departments belonging to the Chairmen’s Group.

Also there is a table of the anticipated (as of December 1965) range of salaries to hire freshly completed PhD’s for the coming academic year, 1966-67.

Using the BLS web CPI Inflation calculator, one can inflate nominal levels (say for December 1965, the date of the report) to April 2017 using a factor of 7.69.

____________________

TABLE 2c
ASSOCIATE PROFESSORS 1965-66, 1964-65

(1)
Median Salaries
All Associate Professors

MID-POINT
OF RANGE		 1965-66 1964-65
Over 13,749 3 0
13,500 2 0
13,000 2 1
12,500 6 3
12,000 5 2
11,500 4 3
11,000 3 11
10,500 2 4
10,000 0 0
9,750 0 1
9,500 0 2
N= 27 27
Median $12,000 $11,000
Mean $12,173 $11,093

 

 

TABLE 2c
ASSOCIATE PROFESSORS 1965-66, 1964-65

(2)
Average Salaries
“Superior Associate Professors”
(Top 1/3)

MID-POINT
OF RANGE		 1965-66 1964-65
Over 16,249 0 1
16,000 1 0
15,500 1 0
15,000 2 0
14,500 2 0
14,000 5 2
13,500 6 4
13,000 4 6
12,500 3 3
12,000 0 4
11,500 1 3
 [sic, cell empty] 1 2
 [sic, cell empty] 0 1
N= 26 26
Median $13,000 $12,186
Mean $13,082 $12,159

 

 

TABLE 2c
ASSOCIATE PROFESSORS 1965-66, 1964-65

(3)
Average Salaries
“Average Assoc Professors”
(Lower 2/3)

MID-POINT
OF RANGE		 1965-66 1964-65
14,500 0 0
14,000 1 0
13,500 0 0
13,000 4 1
12,500 4 1
12,000 2 2
11,500 3 2
11,000 7 8
10,500 3 4
10,000 2 4
9,750 0 1
9,500 0 2
9,250 0 0
9,000 0 0
8,750 0 1
8,500 0 0
N= 26 26
Median $11,265 $10,775
Mean $11,640 $10,760

 

Source: Johns Hopkins University. The Ferdinand Hamburger, Jr. Archives. Department of Political Economy, Series 5, Box 6, Folder 2 “Statistical Information”.

Image Source: “The monopolists’ may-pole” by F. Opper.  Centerfold of Puck, vol. 17, no. 425 (April 29, 1885). Library of Congress Prints and Photographs Division Washington, D.C. 20540 USA.