Category: Williams

Williams College. Political Economy and Law 1794-1894. Bullock, 1904

Post author By Irwin Collier
Post date 2023-09-15

Before he accepted an appointment to assistant professorship at Harvard in 1903, Charles Jesse Bullock was Orrin Sage professor of history and political science at Williams College. He published a short history of the first hundred years of course offerings in political economy, political philosophy/theory, constitutional law and international law at Williams in 1904.

Bonus material: links have been added to the key texts identified by Bullock.

___________________________

The History of Economic and Political Studies
in Williams College

C. J. Bullock, Assistant Professor of Political Economy, Harvard University; late Orrin Sage Professor of Political Economy in Williams College

Historical and political studies seem to have been almost wholly neglected in the American colleges of the colonial epoch. In this direction the first serious impulse came from the stirring discussions of the Revolutionary period and of the years that witnessed the adoption of the Federal Constitution. In 1784 the first law school was established at Litchfield, Connecticut; and during the next twenty years lectureships or professorships of law were created in various institutions. Before this movement had spent its force, political philosophy, political economy, and, in some cases, history had benefited by the interest thus aroused, so that one or more of these subjects found a place in the curricula of many colleges.

The “Free School” at Williamstown was transformed into Williams College in 1793, at the very time when our institutions of higher education were beginning to recognize the importance of training young men for the legal profession, the service of the State, or the common duties of citizenship. In the first invoice of books purchased for the college library, political and historical works were well represented; and upon October 20, 1794, Hon. Theodore Sedgwick, at that time a member of Congress, was appointed Professor of Law and Civil Polity. It does not appear that Mr. Sedgwick ever entered upon the work of his professorship — a fact which may be readily explained by his absorption in the duties of public life or by the meagre resources of the college; but it is interesting to note that this was the first professorship which the trustees attempted to establish.

In 1795 the first laws for the government of the college were adopted. From these we learn that the studies of the fourth year were “metaphysics, ethics, history, the law of nature and nations, civil polity, and theology.” Thomas Robbins, a member of the class of 1796, writes in his diary, under the date of January 1st of his senior year, “Reciting now Paley’s Moral Philosophy”; and under the date of March 22d, “Began to recite Vattel.” Instruction in these subjects was given by President Fitch, as we learn from a letter* written by a member of the class of 1802 who says, “Those students who were instructed by him during their senior year will never forget the ability and interest with which he explained and illustrated the writings of Locke, Paley, and Vattel.”

* [Calvin] Durfee, History of Williams College, p. 77.

The facts just mentioned are sufficient to establish the character of the instruction given in political philosophy and international law; concerning the study of history, however, no evidence is now available. Paley’s Principles of Moral and Political Philosophy, published in England in 1785 and republished in Boston ten years later, devotes one entire book — the sixth — to the philosophy of the State, and treats of such subjects as forms of government, civil liberty, and the administration of justice. This book was used for many years at Williams, as elsewhere. Its author was a conservative by temperament, and a friend of the established social and political order; and these qualities would naturally commend his writings to such an ardent Federalist as President Fitch, who was greatly disturbed over the revolutionary movement in France and the rise of Jeffersonian democracy in the United States.† In his baccalaureate sermon of 1799, Dr. Fitch warned the graduating class that “every civil and religious institution is threatened with ruin,” that “the principles of deism, atheism, and disorganizing politics have of late years made rapid strides,” and he urged his hearers to oppose manfully the progress of these destructive tendencies.

† Cf. [Arthur Latham] Perry, Williamstown and Williams College, pp. 230-233.

This arrangement of studies probably remained unchanged for many years. The College Laws of 1805 repeated the provisions of those adopted in 1795; the Laws of 1815 are more general in their terms, but prescribe that history and the law of nations shall be included in the curriculum. These subjects, undoubtedly, fell to the charge of the president. In 1812 Hon. Daniel Dewey was appointed Professor of Law and Civil Polity, but it is not known that he ever gave regular instruction in the college, although his name appeared in the catalogue until his death in 1815. The laws of the latter year state merely that “the Professor of Law shall occasionally deliver lectures to the senior sophisters or to all the students.”

In 1822 the catalogue of the college contains for the first time a statement of the courses of instruction. From it we learn that history was one of three subjects studied during the third term of the sophomore year, and that Tytler’s Elements of History was used as a text-book. In the senior year Paley’s [Moral and] Political Philosophy was studied during the second term, and Vattel’s Law of Nations during the third. Altogether, one third of the instruction for three terms, or about one twelfth of the college course, was devoted to these three subjects. History was probably taught by one of the two tutors who had charge at this time of most of the studies of the lower classes; the senior courses were conducted chiefly by the president.

In 1827 William Porter [Rev. William Augustus Porter, b. 1798; d. 1830] was called to a newly established chair of Moral Philosophy and Rhetoric, and he appears to have relieved President Griffin of most of the instruction of the senior year.* Paley’s Moral and Political Philosophy was now replaced by Say’s [Treatise on] Political Economy, of which an American translation had appeared in 1821; Vattel’s Law of Nations, however, was retained several years longer. History held its place in the third term of the sophomore year.

*Memoir of W. A. Porter, p. 41.

In 1828 a Manual of Political Economy, by Willard Phillips, was published at Boston, and this work was immediately introduced in the place of Say’s treatise. When we recall that in this year the passage of the “Tariff of Abominations” stimulated excited discussions of the tariff question, and that Phillips was an advocate of protectionism, we may venture upon the conjecture that Professor Porter was dissatisfied with the teachings of Say concerning freedom of trade. At any rate Phillips’ Manual continued to be used in the college for a number of years. When Mark Hopkins was called to the chair of Moral Philosophy in 1830, Paley’s work was reintroduced, but only to supplement and not to displace Phillips and Vattel.

In 1835 Joseph Alden was called to a new professorship of Rhetoric and Political Economy, and more adequate provision was made for instruction in political and economic science. In his inaugural address in 1836, President Hopkins alluded to the recent introduction of the study of political economy, and expressed the hope that means could be provided for instruction in constitutional law. For this a place was found in the same year, when Professor Alden discarded Vattel and introduced [Joseph] Story on the Constitution [Commentaries on the Constitution of the United States, Abridged by the author for the use of Colleges and High Schools, 1833)]. The sophomore course in history remained as before, and, after a time at least, came under the charge of Professor Alden. In 1837 the course in political economy was shifted to the first term of the junior year, and in 1840 Wayland’s well-known treatise [Francis Wayland, The Elements of Political Economy (1837)]was introduced as a text-book. Professor Alden was a Jeffersonian Democrat and a free trader, but seems to have made more of his lectures upon the United States Constitution* than of his work in history and political economy. In 1843 a course in American history was introduced in the second term of the junior year, and in 1844 this was placed among the studies prescribed for sophomores. Two years later, however, this subject dropped out of the curriculum.

* Cf. A. L. Perry, Miscellanies, p. 142. Williamstown, 1902.

At this point it will prove interesting to compare the development of political and economic studies at Williams with their history at a sister institution, Dartmouth College.†

† See J. F. Colby, Legal and Political Studies in Dartmouth College, Hanover, 1896.

At Hanover these studies were first introduced in 1796, under the stimulus of the same influences that were felt at Williams in the previous year. In Dartmouth the juniors were given instruction in Paley’s Moral and Political Philosophy by the professor who had general charge of that class; while the seniors, under the guidance of President Wheelock, studied Burlamaqui’s Principles of Natural and Politic Law [1792], of which an American edition had been published at Boston in 1793. In 1804 the course in political philosophy was transferred to the charge of the Professor of Divinity, and in 1823 to the Professor of Moral and Intellectual Philosophy. In 1822 instruction in constitutional law was given to the seniors, and in 1828 a chair of Moral Philosophy and Political Economy was created. Professor Roswell Shurtleff, the incumbent of this chair, introduced Say’s Political Economy in the place of Burlamaqui’s [Principles of] Natural and Politic Law; and continued for a decade the use of Paley’s Political Philosophy and the Federalist. In 1838 Paley was replaced by Wayland’s Moral Philosophy [The Elements of Moral Science, 5^th ed. (1837)], and in 1842 a course in Kent’s Commentaries on American Law [2^nd ed., 1832: Vol. I ; Vol. II ; Vol. III ; Vol. IV] was offered to seniors. Some years later the latter work was displaced by Story’s well-known treatise. The general similarity of development in the two institutions is emphasized by the fact that Dartmouth, in 1808, made unsuccessful efforts to establish a professorship of law.

At Williams the next important event was the resignation of Professor Alden in 1852. After an interval of a year, Arthur Latham Perry was called to a professorship of History and Political Economy; and commenced those studies, especially in the field of political economy, which soon brought him a national reputation and secured distinguished recognition in France and England. Although compelled by the poverty of the college to give instruction in German and in Christian Evidences for many years, he soon built up a strong department of history and political economy. To the sophomores he gave instruction in history, at first for one and later for two terms, introducing newer and better text-books, as they appeared, in place of the wretched treatise by Tytler. To the juniors he offered a course in political economy for which he published, in 1865, the first of his well-known books, Elements of Political Economy. In addition, Professor Perry continued the work in constitutional law which had been begun by his predecessor. This study was, in 1859, transferred to the junior year, where it long remained; at the outset Story’s work was used as a text, but in time the instruction came to be given by lectures. Upon an average, during the period from 1857 to 1887, the three subjects above mentioned occupied about one-eighth of the entire college course, and until the latter year they were required of all students.*

* Cf. A. L. Perry, Miscellanies, pp. 141-148.

In 1871 Orrin Sage, a Massachusetts manufacturer, gave the college $50,000 as an endowment for Professor Perry’s chair. In part, at least, this action was the result of the attacks which had been made from time to time upon Professor Perry’s views concerning the injustice and inexpediency of the protective tariff. The trustees of the college had at all times upheld the independence of the department of political economy, but the gift was prompted by a desire to place the chair upon the most secure foundation possible. So far as freedom of teaching is concerned, few, if any, American colleges can boast of better traditions.

In 1882, with the coming of the elective system, there was established an elective course in European history, conducted by a new instructor. This marked the beginning of the separation of the departments of history and political economy, which became complete when, in 1890, an endowment was received for a chair of American History. In the following year Professor Perry closed his long term of faithful service to the college, and John Bascom was made acting professor upon the Orrin Sage foundation, which was thereafter devoted to the department of political economy. Thus at the close of the first century of its existence, Williams College had created two independent departments for the studies in which, at the outset, the president had instructed the seniors during the last half of the collegiate year.

With the history of the last decade it is not the purpose of this paper to deal. Suffice it to say that the establishment of new chairs of Political Science and of European History has enabled the college to extend and to specialize instruction in these subjects, so that now four professors are cultivating the field where Professor Perry labored so long and so successfully as Professor of History and Political Economy. In all this the college is but meeting the demands of the times for more extensive instruction in political and economic studies. To-day, as in 1794, it is attempting, so far as its resources permit, to prepare young men for the intelligent exercise of the rights and duties of citizenship; and now, as formerly, it seeks to prescribe, for students or teachers, no tests of political or economic orthodoxy. With such a record of honorable achievement, the college faces hopefully the educational demands of the twentieth century.

Source: Charles Jesse Bullock, “History of economic and political studies in Williams College.” Education, Vol. XXIV (May, 1904), pp. 532-537.

Image Source: From the title page of A History of Williams College by Calvin Durfee (1860).

Tags AldenJ, Bascom, Bullock, PerryAL, PhillipsW, PorterWA, Shurtleff, Wayland

Cornell Exam Questions Harvard Public Finance Williams Wisconsin

Harvard. Public Finance Exams. Charles Jesse Bullock visiting from Williams College, 1901-02

Post author By Irwin Collier
Post date 2022-08-31

Courses in public finance were not offered in the academic year 1900-01 at Harvard. Those courses had last been taught by Charles F. Dunbar and Frank W. Taussig in 1899-1900. Following Dunbar’s death (January, 29 1900) and Taussig’s leave to recover from a nervous breakdown (1901-03), it was necessary to bring in an outsider to cover the public finance offerings. Charles Jesse Bullock was first appointed as an instructor in economics for the 1901-1902 academic year to fill that gap. He was later to return at the rank of assistant professor beginning with the 1903-04 academic year.

_____________________

From the Williams College Yearbook

CHARLES JESSE BULLOCK, Ph.D.,
Assistant Professor of Political Science.

Graduated from Boston University, 1889, with Commencement appointment, and received the degree of Ph.D. from the University of Wisconsin, in 1895. He taught in high schools from 1889 to 1893 and was traveling fellow in Boston University in 1891. In 1895 he was fellow and assistant at the University of Wisconsin and from 1895 to 1899 was instructor in Economics at Cornell University. Dr. Bullock has written: “The Finance of the United States, 1775-1789,” (1895), “Introduction to the Study of Economics,” (1897), and “Essays on the Monetary History of the United States” (in press [1900]). He also edited William Douglass’s “Discourse Concerning the Currencies of the British Plantations in America,” and has contributed various articles to the economic and statistical magazines. He is a member of the American Economic Association and of the American Statistical Association, an associate member of the National Institute of Art, Science and Letters, and a Fellow of the Royal Statistical Society. Dr. Bullock is a member of the ΦΔΧ Fraternity.

Source: Williams College, The Gulielmensian MCMI, Vol 44 (Williamstown, MA: 1900), p. 23.

_____________________

Course Announcements

For Undergraduates and Graduates.

[open to students who have passed satisfactorily in Course 1. Outlines of Economics]

7a¹ hf. Financial Administration and Public Debts. Half-course (first half-year). Mon., Wed., Fri. at 9. Professor Bullock (Williams College).

7b¹ hf. The Theory and Methods of Taxation, with special reference to local taxation in the United States. Half-course (first half-year). Tu., Th., Sat. at 10. Professor Bullock (Williams College).

Source: Harvard University. Announcement of the Courses of Instruction Provided by the Faculty of Arts and Sciences for the Academic Year, 1901-02 (Second ed., 25 June 1901), p.44.

_____________________

Course Enrollments

7a ¹hf. Professor Bullock (Williams College). — Financial Administration and Public Debts.

Total 26: 2 Graduates, 16 Seniors, 5 Juniors, 1 Sophomore, 2 Others.

7b ¹hf. Professor Bullock (Williams College). — The Theory and Methods of Taxation with special reference to local taxation, in the United States.

Total 26: 2 Graduates, 13 Seniors, 9 Juniors, 2 Others.

Source: Harvard University. Report of the President of Harvard College, 1901-1902, p. 78.

_____________________

Course Descriptions

7a¹ hf. Financial Administration. Half-course (first half-year). Mon., Wed., Fri. at 9. Professor Bullock (Williams College).

This course will deal with the methods by which governments have attempted to adjust expenditures to revenue, and will study the problems arising from the effort to secure popular control over this process. The budget systems of England, France, and Germany will first receive attention; and study will then be concentrated upon the budgetary methods of our federal government. So far as practicable, also, some consideration will be given to State and local budgets in the United States. The history and present form of our federal budget will offer a large field for investigation, and supply subjects for written reports. Students will be encouraged, furthermore, to gather information concerning the methods followed by State and local governments with which they may happen to be familiar. Candidates for Honors in Political Science or for the higher degrees may advantageously use reports thus prepared by them as material for theses.

Course 7a is open to students who have taken Economics 1

In this course both the theory and practice of taxation will be studied. Attention will be given at the outset to the tax systems of England, France, and Germany; and the so-called direct taxes employed in those countries will receive special consideration. After this, the principles of taxation will be examined. This will lead to a study of the position of taxation in the system of economic science, and of such subjects as the classification, the just distribution, and the incidence of taxes. Finally, the existing methods of taxation in the United States will be studied, each tax being treated with reference to its proper place in a rational system of federal, state, and local revenues.

Written work will be required of all students, as well as a systematic course of prescribed reading. Candidates for Honors in Political Science and for the higher degrees will be given the opportunity of preparing theses in substitution for the required written work.

Course 7b is open to students who have taken Economics 1.

Source: Harvard University Archives. Official Register of Harvard University 1901-1902, Box 1. Bound volume: Univ. Pub. N.S. 16. History, etc. Faculty of Arts and Sciences, Division of History and Political Science comprising the Departments of History and Government and Economics (June 21, 1901), pp. 43-44.

_____________________

Final Examinations

ECONOMICS 7a
FINANCIAL ADMINISTRATION

How is budgetary legislation prepared in France, in England and in the United States? In which country are the best results attained?
At what time of the year is the budget prepared and enacted in France, England, Germany, Italy, Belgium, Prussia, and the United States? Why is the time of preparation and adoption an important consideration?
Compare methods of budgetary legislation in England with those prevailing in France.
Describe and criticize federal budgetary procedure in the United States?
What part do supplementary, or deficiency, appropriations play in France, in England, and in the United States?
Compare the English and French methods of accounting. What method is followed in the United States?
What are the methods of collecting and issuing public money in England?
What methods of collection and issue are followed in the United States?
Compare the auditing methods of England, France, and the United States?
Why are unity and universality important elements in any good budget system?

Source: Harvard University Archives. Mid-year examinations, 1852-1943. Box 6. Bound Volume: Examination Papers, Mid-years 1901-1902.
Also included in: Examination Papers, 1873-1915. Box 6, Bound volume Examination Papers, 1902-03. Papers Set for Final Examinations in History, Government, Economics, Philosophy,… in Harvard College(June, 1902), pp. 26-27.

ECONOMICS 7b
TAXATION

Describe the land taxes of France, Prussia, and Great Britain.
Compare the French and the Prussian business taxes.
Discuss the British income tax, giving special consideration to methods of administration and to financial results.
In a similar manner discuss the Prussian income tax.
Discuss briefly the customs taxes of Great Britain, France, and Germany.
Describe the excise taxes of the same countries.
What reasons are there for thinking that a tax on rent can not be shifted? Discuss the incidence of an excise tax on each unit of the product of an industry.
What arguments are advanced for and against progressive taxation?
Discuss the shortcomings of the property tax in the United States: (a) with reference to the taxation of realty; (b) with reference to the taxation of personalty.
Describe the corporation taxes of Massachusetts.

Image Source: Williams College, The Gulielmensian 1902, Vol. 45, p. 26. Colorized by Economics in the Rear-view Mirror.

Tags Bullock, Dunbar, Taussig

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Harvard. Economics PhD Alumnus. Donald Holmes Wallace, 1931

Post author By Irwin Collier
Post date 2020-12-09

The previous post included lists of books used for undergraduate and graduate courses dealing with the economics of railroad regulation taught at Harvard in the mid-1930s. The list was put together by Donald Holmes Wallace who was a recent Harvard Ph.D. graduate and soon to be appointed to an assistant professorship in economics.

His career was cut short at age 50 by a heart attack. His early promise was recognized with the award of the prestigious David A. Wells prize for his 1931 dissertation on the aluminum industry.

________________________

Ph.D. 1931

Donald Holmes Wallace, A.B. 1924, A.M. 1928.

Subject, Economics. Special Field, Economics of Corporate Organization. Thesis, “The Aluminum Monopoly in the United States.”

Source: Harvard University. Report of the President of Harvard College, 1930-31, p. 120.

________________________

Donald Holmes Wallace
(1903-1953)

Born in West Chester, PA, June 29, 1903.

1924. A.B. Harvard.

1924. Taught at the Suffield school in Suffield, CT.

1925. Instructor in economics at the University of Vermont.

1926-27. Assistant in economics at Harvard

1927-36. Instructor and tutor in economics at Harvard.

1928. A.M., Harvard.

1931. Ph.D., Harvard. Thesis: The Aluminum Monopoly in the United States.
Awarded the David A. Wells dissertation prize 1933-34.

1931-32. Year in Europe funded by a Social Science Research Council grant.

1937. Revised version of dissertation published by Harvard University Press: Market Control in the Aluminum Industry. “The present study first took partial form as a doctoral dissertation (presented in 1931) upon the aluminum monopoly in the United States. Thereafter, the scope of the inquiry was widened to include market control in Europe and international relations in this industry.”–Preface.

1937-39. Assistant professor of economics at Harvard

1939. Associate professor of economics at Williams.

1939. Part-time economist for the Department of Labor

1940. Consultant of the National Defense Advisory Commission

1941. Consultant of the Office of Price Administration

1942-43. Director of OPA industrial manufacturing price division.

1943, Summer. Acting deputy administrator for prices of OPA.

1943-1945. (He resigned from Williams in 1945) Economic adviser to the deputy price administrator.

1945-1953. American Economic Association’s representative on the National Bureau of Economic Research.

1946-47. Member of the staff of the Council of Economic Advisers.

1948. Hired by Princeton “to inaugurate the graduate study program of Woodrow Wilson School, as well as apppointment as Professor of Economics.

1951. Vice-President of the American Economic Association.

1953, September 19. Died in Princeton, NJ. [Final position: Director of the Graduate Program of the Woodrow Wilson School of Public and International Affairs]

Source: North Adams Transcript (MA), September 21, 1943, p. 3; Eveline M. Burns “In Memoriam, Donald Holmes Wallace”, AER, Papers and Proceedings (May, 1954), p. 696.

Image Source: Dr. Donald H. Wallace. Head Economic Analyst, Office of Price Administration (OPA) and Civilian Supply. From the Farm Security Administration/Office of War Information Photograph Collection. Library of Congress, Prints and Photographs Division, Washington, D.C.

Tags WallaceDH

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United States. Courses of Study of Political Economy. 1876 and 1892-93.

Post author By Irwin Collier
Post date 2020-11-22

The first article in the inaugural issue of The Journal of Political Economy, “Courses of Study in Political Economy in the United States in 1876 and in 1892-93,” was written by the founding head of the University of Chicago’s department of political economy, J. Laurence Laughlin. This post provides Laughlin’s appendix that provided information about economics courses taught in 65 colleges/universities in the United States during the last quarter of the 19th century. The bottom line of the table is that “aggregate hours of instruction in 1892-3 [were] more than six times the hours of instruction given in 1876”.

__________________________

“How little Political Economy and Finance were taught only fifteen years ago, as compared with the teaching of to-day, must be surprising even to those who have lived and taught in the subject during that period…. At the close of the war courses of economic study had practically no existence in the university curriculum; in short, the studious pursuit of economics in our universities is scarcely twenty years old. These considerations alone might be reasons why economic teaching has not yet been able to color the thinking of our more than sixty millions of people. But about the close of the first century of our national existence it may be said that the study of Political Economy entered upon a new and striking development. This is certainly the marked characteristic of the study of Political Economy in the last fifteen years. How great this has been may be seen from the tables giving the courses of study, respectively, in about 60 institutions in the year 1876 and in 1892-3. (See Appendix I.) The aggregate hours of instruction in 1892-3 are more than six times the hours of instruction given in 1876.” [Laughlin, p. 4]

__________________________

Courses of Study in Political Economy in the United States in 1876 and in 1892-93.

Note: Returns could not be obtained from Johns Hopkins University, Amherst College, and some other institutions.

Institution.	Description of Courses.	1876.		1892-3.
		No. hours per week.	No. weeks in year.	No. hours per week.	No. weeks in year.
University of Alabama.	Text Book and Lectures, Senior Year Finance and Taxation	— —	— —	4 2	36 36
	[Total hours of instruction per year]	—		216
Boston University.	Principles of Political Economy	—	—	3	20
	[Total hours of instruction per year]	—		60
Bowdoin College, Brunswick, Maine.	Elementary (Required) Advanced (Elective)	5 —	14 —	4 4	12 10
	[Total hours of instruction per year]	70		88
Brown University, Providence, R. I.	Elementary History of Econ. Thought Advanced Course [2^nd] Advanced Course Seminary of History, Pol. Sci., and Pol. Econ.	2½ — — — —	16-17 — — — —	3 3 3 3 2	33-34 11-12 11 11 23
	[Total hours of instruction per year]	40-42½		242-250
University of Chicago, Chicago, Ill.	1. Introductory Political Economy 2. Descriptive Political Economy 3. Advanced Political Economy 4. Industrial and Economic History 5. Scope and Method 6. History of Political Economy 7. Unsettled Problems 8. Socialism 9. Social Economics 10. Practical Economics 11. Statistics 12. Railway Transportation 13. Tariff History of U.S. 14. Financial History of U.S. 15. Taxation 16. Public Debts 17. Seminary	— — — — — — — — — — — — — — — — —	— — — — — — — — — — — — — — — — —	5 4 5 4 4 5 4 4 4 4 4 4 4 4 4 4 4	12 12 12 24 12 12 12 12 12 12 12 12 12 12 12 12 36
	[Total hours of instruction per year]	—		996
Colby University, Waterville, Maine.	Elementary [1^st] Elementary [2^nd] Theoretical Historical	5 — — —	7 — — —	2 2 4 4	13 10 13 10
	[Total hours of instruction per year]	35		138
Columbia College (School of Political Science, New York City.	1. Principles of Political Economy (Element.) 2. Historical Practical Political Economy (Advanced) 3. History of Economic Theory (Advanced) 4. Public Finance (Adv.) 5. Railroad Problems (Adv.) 6. Finan. History of U.S. (Adv.) 7. Tariff History of U.S. (Adv.) 8. Science of Statistics (Adv.) 9. Communism and Socialism (Adv.) 10. Taxation and Distribution (Adv.) 11. Seminarium in Political Economy (Element.) 12. Seminarium in Public Finance and Economy (Adv.) 13. Law of Taxation (Adv.) 3 and 5, 6 and 7, 8 and 9 given in alternate years.	2 — — — — — — — — — — — —	17 — — — — — — — — — — — —	2 3 2 2 2 2 2 2 2 2 2 2	17 34 34 34 25 34 17 34 34 17 34 34 17
	[Total hours of instruction per year]	34		764
Columbian University, Washington, D.C.	Elements of Political Economy	—	—	5	8
	[Total hours of instruction per year]	—		40
Cornell University, Ithaca, N. Y.	1. Elementary Political Economy 2. Advanced Political Economy 3. Finance 4. Financial History 5. Railroad Problems 6. Currency and Banking 7. Economic History 8. Statistics	2 — — — — — — —	11 — — — — — — —	3 2 2 2 2 2 2 1	34 34 34 13 11 10 34 34
	[Total hours of instruction per year]	22		408
Dartmouth College, Hanover, N.H.	1. Elementary 2. Advanced 3. Advanced Finance and Tariff	6 — —	6 — —	6 6 6	6 2/3 4 1/6 3 1/3
	[Total hours of instruction per year]	36		85
University of Denver, Col.	1. Ely’s Introduction 2. Ingram’s History 3. Gilman’s Profit-Sharing 4. Ely, Labor Movement in America 5. Kirkup’s and Rae’s Socialism 6. Finance and Taxation 7. International Commerce	— — — — — — —	— — — — — — —	2 1 1 2 2 4 2	15 5 5 5 5 5 5
	[Total hours of instruction per year]	—		90
DePauw University, Greencastle, Ind.	Economics (Elementary) Seminarium (Advanced)	4 —	12 —	4 2	18 36
	[Total hours of instruction per year]	48		144
Drury College, Springfield, Mo.	Elementary Course	5	6	5	12
	[Total hours of instruction per year]	30		60
Emory College, Oxford, Ga.	Jevons’ Text, and Lectures.	—	—	5	12
	[Total hours of instruction per year]	—		60
Franklin and Marshall College.	Political Economy, (Walker’s)	2	15	2	20
	[Total hours of instruction per year]	30		40
Georgetown College, Ky.	1. General Economics 2. Special Topics	5 —	15 —	3 3	20 20
	[Total hours of instruction per year]	75		120
Harvard University, Cambridge, Mass.	1. Introductory 2. Theory (Advanced) 3. Economic History from 1763 4. Railway Transportation 5. Tariff History of U.S. 6. Taxation and Public Debts 7. Financial Hist. of U.S. 8. Condition of Workingmen 9. Economic Hist. to 1763 10. History of Theory to Adam Smith Seminary	3 3 — — — — — — — — —	30 30 — — — — — — — — —	3 3 3 3 2 3 2 3 3 2 2	30 30 30 15 15 30 15 30 30 15 30
	[Total hours of instruction per year]	180		735
Haverford College, Pa.	Economic Theory	—	—	2	40
	[Total hours of instruction per year]	—		80
Howard University, Washington, D. C.	Elementary	5	10	5	10
	[Total hours of instruction per year]	50		50
Illinois College and Whipple Academy, Jacksonville, Ill.	Newcomb’s Polit. Economy, Seniors	—	—	5	15
	[Total hours of instruction per year]	—		75
University of Illinois, Champaign, Ill.	Senior Class	5	11	5	11
	[Total hours of instruction per year]	55		55
Iowa College, Grinnell, Iowa.	Political Economy Taxation Railroad Problems Socialism	5 — — —	10 — — —	3 3 3 3	37 14 12 11
	[Total hours of instruction per year]	50		222
State University of Iowa, Iowa City, Iowa.	Elements of Economics Currency and Banking Industrial Revolutions of 18^thCentury Recent Econ. History and Theory Railroads, Pub. Regulation of Seminary in Polit. Econ.	5 — — — — —	14 — — — — —	5 5 2 2 2 1	14 11 14 11 10 35
	[Total hours of instruction per year]	70		230
Kansas State Agricultural College, Manhattan, Kan.	Elementary, 4^th year	5	8	5	11
	[Total hours of instruction per year]	40		55
Kansas State University, Lawrence, Kansas.	1. Elements of Political Economy 2. Applied Economics 3. Statistics 4. Land Tenures 5. Finance	5 — — — —	19 — — — —	5 3 2 2 2	19 19 19 19 19
	[Total hours of instruction per year]	95		266
Lake Forest University, Lake Forest, Ill.	1. Elementary 2. Advanced	3 —	11 —	3 3	16 13
	[Total hours of instruction per year]	33		87
Massachusetts Institute of Technology, Boston, Mass.	1. Political Economy, Elem., Junior Year 2. Financial Hist. of U.S., Jun. and Sen. Year 3. Taxation, Junior and Senior Year 4. History of Commerce 5. History of Industry, Junior and Senior Year. 6. Socialism, etc. (Option), Jun. and Sen. Year 7. History of Economic Theory (Opt.), Senior 8. Statistics and Graphic Methods, Junior 9. Statistics and Sociology (Option) Senior	2 — — — — — — — —	15 — — — — — — — —	3 3 3 3 — 3 2 2 3	15 15 15 15 — 15 15 15 15
	[Total hours of instruction per year]	30		375
Michigan Agricultural College.	Primary Course	—	—	5	12
	[Total hours of instruction per year]	—		60
University of Michigan, Ann Arbor, Mich.	1. Elements of Political Economy 2. Elements of Political Economy 3. Hist. Devel. of Industr. Society 4. Finance 5. Problems in Pol. Econ 6. Transportation Problem 7. Land Tenure and Agrarian Movements 8. Socialism and Communism 9. Currency and Banking 10. Tariff History of U.S. 11. Indust. and Comm. Develop. of U.S. 12. History of Pol. Econ. 13. Statistics 15. Economic Thought 16. Labor and Monopoly Problems 17. Seminary in Finance 18. Seminary in Economics 20. Social Philosophy with Economic Relations 21. Current Econ. Legislation and Literature	2½ — — — — — — — — — — — — — — — — — —	18 — — — — — — — — — — — — — — — — — —	3 4 3 4 4 2 2 2 2 2 2 2 1 1 1 2 2 1 2	18 18 18 18 18 18 18 18 18 18 18 18 18 18 18 18 18 18 18
	[Total hours of instruction per year]	45		756
Middlebury College, Middlebury, Vermont.	1. Elementary (Junior Class) 2. Advanced (Senior Class) 3. Finance (Senior Class) 4. Seminary	4 4 — —	10 10 — —	3 2 2 1	35 21 14 21
	[Total hours of instruction per year]	80		196
University of Minnesota.	1. Elementary 2. Advanced 3. Am. Pub. Economy 4. Undergraduate Seminary 5. Graduate Seminary	5 — — — —	13 — — — —	4 4 4 2 1	13 13 10 23 36
	[Total hours of instruction per year]	65		226
University of Mississippi, University, Miss.	Advanced	—	—	5	30
	[Total hours of instruction per year]	—		150
Mt. Holyoke College, South Hadley, Mass.	Polit. Econ. (General) Polit. Econ. Seminary	— —	— —	4 2	12 12
	[Total hours of instruction per year]	—		72
College of New Jersey at Princeton.	Pol. Econ. (Elem., Elective) Pol. Econ. (Elem., Required) Finance (Elective) Historics—Econ. Semin.	2 — — —	13 — — —	— 2 2 2	— 16 16 15
	[Total hours of instruction per year]	26		94
College of the City of New York.		—	—	—	16
	[Total hours of instruction per year]	—		48^*
New Hampshire College of Agriculture and Mechanic Arts, Hanover, N. H.	Elementary—Perry or Walker	4	10-12	5	10
	[Total hours of instruction per year]	48		50
Oberlin College, Oberlin, Ohio.	1. Elementary Polit. Econ. 2. Advanced Polit. Econ. 3. Finance 4. History Econ. Thought 5. Economic and Social Problems 6. “Money,” etc.	5 — — — — —	12 — — — — —	5 5 3 3 3 2	11 12 25 13 12 36
	[Total hours of instruction per year]	60		337
Ohio State University.	Elementary Advanced Finance Seminary (Indust. History)	— — — —	— — — —	2 2 2 2	38 26 12 38
	[Total hours of instruction per year]	—		228
Ohio Wesleyan University, Delaware, Ohio.		4	12	4	12
	[Total hours of instruction per year]	48		48
Penn. Military Academy, Chester, Penn.	Elementary	—	—	5	13
	[Total hours of instruction per year]	—		65
University of Pennsylvania, Wharton, School of Finance and Economy, Philadelphia, Penn.	1. Grad. Course in Finance 2. Grad. Course in Theoretical Polit. Econ. 3. Grad. Course in Statistics 4. Elem. Course in Finance 5. Elem. Course in Theoret. Polit. Econ. 6. Elem. Course in Statistics 7. Elem. Course in Practical Polit. Econ. 8. Course in Money 9. Course in Banking 10. Advanced Course in Political Economy 11. Economic History of Europe 12. Grad. Course in Practical Polit. Econ. 13. Econ. and Fin. History of U.S. 14. Grad. Econ. History of the U.S. 15. Grad. English Econ. History from 13^th to 17^th century 16. Modern Econ. History.	— — — — — — — — — — — — — — — —	— — — — — — — — — — — — — — — —	1 2 3 3 2 2 2 2 1 2 3 2 2 4 3 3	30 30 30 30 30 15 15 15 30 30 30 30 30 30 30 30
	[Total hours of instruction per year]	—		1020
Purdue University, Lafayette, Ind.	Elementary Course	—	—	3	19
	[Total hours of instruction per year]	—		57
Randolph Macon College, Ashland, Va.	Elementary	2	32	2	32
	[Total hours of instruction per year]	64		64
University of Rochester, Rochester, N.Y.	Elementary Econ. Polit. History U.S.	5 —	14 —	5 1	14 20
	[Total hours of instruction per year]	70		90
Rutger’s College.	Polit. Econ. (Elementary)	3	12	4	22
	[Total hours of instruction per year]	36		88
Smith College, Northampton, Mass.	Elementary Course Adv. Course in Theory Seminarium Practical Studies	3 — — —	12 — — —	3 3 2 2	14 14 10 12
	[Total hours of instruction per year]	36		128
South Carolina College, Columbia, S.C.	Polit. Econ. Senior Class Applied Polit. Econ.	— —	— —	2 2	40 20
	[Total hours of instruction per year]	—		120
Swarthmore College, Swarthmore, Penn.	Polit. Econ. (Walker) Finance Protection and Free Trade Money and Banking History of Econ. Theories	— — — — —	— — — — —	4 4 4 4 4	20 10 10 10 10
	[Total hours of instruction per year]	—		240
Syracuse University, Syracuse, N.Y.	Elementary Finance Industrial Development since 1850 Seminary	— — — —	— — — —	3 2 2 2	14 10 12 38
	[Total hours of instruction per year]	—		162
University of Tennessee, Knoxville, Tenn.	Elementary Advanced (Post-Graduate)	— —	— —	3 2	20 Varies
	[Total hours of instruction per year]	—		100?
University of Texas, Austin, Texas.	General	—	—	3	36
	[Total hours of instruction per year]	—		108
Trinity College, Hartford, Connecticut.	Elementary Advanced Finance	4 — —	13 — —	3 4 2	17 17 17
	[Total hours of instruction per year]	52		153
Vanderbilt University, Nashville, Tennessee.	Political Economy, Elementary Political Economy, Advanced	3 —	36 —	3 3	36 36
	[Total hours of instruction per year]	108		216
Vassar College, Poughkeepsie, New York.	Principles of Economics Economic History Railroads, Trusts, and Relation of State to Monopolies Labor Problem and Socialism Seminary	— — — — —	— — — — —	3 3 2 2 2	18 18 18 18 18
	[Total hours of instruction per year]	—		216
University of Vermont, Burlington, Vermont.	Elementary Advanced	— —	— —	3 2	20 20
	[Total hours of instruction per year]	—		100
University of Virginia, Charlottesville, Va.	Theory of Economics Science of Society	3 —	26 —	3 2½	16 16
	[Total hours of instruction per year]	78		88
Washington and Jefferson College, Washington, Pa.	Political Economy	3	11	3	16
	[Total hours of instruction per year]	33		48
Washington and Lee University, Lexington, Va.	Elementary Advanced	— —	— —	3 3	14 26
	[Total hours of instruction per year]	—		120
Washington University, St. Louis.	Prescribed Course	3	20	3	20
	[Total hours of instruction per year]	60		60
Wellesley College, Wellesley, Mass.	Industrial History Economic Theory Statistics (Seminary) Socialism (Seminary)	— — — —	— — — —	3 3 3 3	18 18 18 18
	[Total hours of instruction per year]	—		216
Wesleyan University, Middletown, Connecticut.	General Introductory (Sen.) General Introductory (Jun.) Economic Problems	1½ — —	36 — —	2 3 2	36 18 36
	[Total hours of instruction per year]	54		198
West Virginia University, Morgantown, West Virginia.	Elementary Pol. Economy Advanced Pol. Economy	— —	— —	2 2	14 36
	[Total hours of instruction per year]	—		100
Williams College, Williamstown, Mass.	Political Economy	6	14	3	15
	[Total hours of instruction per year]	84		45
University of Wisconsin, Madison, Wis.	Econ. Seminary Distribution of Wealth History of Pol. Econ. Money Public Finance Statistics Recent Econ. Theories Synoptical Lectures Outlines of Economics	— — — — — — — — —	— — — — — — — — —	2 5 5 5 3 3 3 1 4	37 14½ 12 10½ 37 12 14½ 15 37
	[Total hours of instruction per year]	—		612½
Yale University, New Haven, Conn.	Pol. Econ.**—Elem. (2) Pol. Econ.—Adv. (3) Economic History (2) Finance, Public (2) Finance, Corporate (2) Mathematical Theory (1) Seminary Instruction (2)	3 2 — — — —	36 36 36 — — — —	4 3 4 2 3 1 1	36 36 36 36 36 36 36
	[Total hours of instruction per year]	180		648

_{* [College of the City of New York] A few hours additional are given in the work of the Department of Philosophy; the whole number amounting to some 52 or 53.}

_{** [Yale University] Figures in brackets represent numbers of courses under each head.}

Source: Appendix I to “The Study of Political Economy in the United States” by J. Laurence Laughlin, The Journal of Political Economy, vol. 1, no. 1 (December, 1892), pp. 143-151.

Image Source: J. Laurence Laughlin drawn in the University of Chicago yearbook Cap and Gown (1907), p. 208.

Tags Laughlin

Amherst Barnard Berkeley Brown Chicago Colorado Columbia Cornell Dartmouth Duke Harvard Illinois Indiana Iowa Johns Hopkins Kansas M.I.T. Michigan Michigan State Minnesota Missouri Nebraska North Carolina Northwestern NYU Ohio State Pennsylvania Princeton Radcliffe Rochester Stanford Swarthmore Texas Tufts UCLA Vassar Virginia Washington University Wellesley Williams Wisconsin Yale

U.S. Bureau of Education. Contributions to American Educational History, Herbert B. Adams (ed.), 1887-1903

Post author By Irwin Collier
Post date 2020-02-22

I stumbled across this series while I was preparing the previous post on the political economy questions for the Harvard Examination for Women (1874). I figured it would be handy for me to keep a list of links to the monographs on the history of higher education in 35 of the United States at the end of the nineteenth century. Maybe this collection will help you too.

Contributions to American Educational History, edited by Herbert B. Adams

The College of William and Mary. Herbert B. Adams (1887)
Thomas Jefferson and the University of Virginia. Herbert B. Adams (1888)
History of Education in North Carolina. Charles L. Smith (1888)
History of Higher Education in South Carolina. C. Meriwether (1889)
Education in Georgia. Charles Edgeworth Jones (1889)
Education in Florida. George Gary Bush (1889)
Higher Education in Wisconsin. William F. Allen and David E. Spencer (1889)
History of Education in Alabama. Willis G. Clark (1890).
History of Federal and State Aid to Higher Education. Frank W. Blackmar (1890)
Higher Education in Indiana. James Albert Woodburn (1891).
Higher Education in Michigan. Andrew C. McLaughlin. (1891)
History of Higher Education in Ohio. George W. Knight and John R. Commons (1891)
History of Higher Education in Massachusetts. George Gary Bush (1891)
The History of Education in Connecticut. Bernard C. Steiner (1893)
The History of Education in Delaware. Lyman P. Powell (1893)
Higher Education in Tennessee. Lucius Salisbury Merriam (1893)
Higher Education in Iowa. Leonard F. Parker (1893)
History of Higher Education in Rhode Island. William Howe Tolman (1894)
History of Education in Maryland. Bernard C. Steiner (1894).
History of Education in Lousiana. Edwin Whitfield Fay (1898).
Higher Education in Missouri. Marshall S. Snow (1898)
History of Education in New Hampshire. George Gary Bush (1898)
History of Education in New Jersey. David Murray (1899).
History of Education in Mississippi. Edward Mayes (1899)
History of Higher Education in Kentucky. Alvin Fayette Lewis (1899)
History of Education in Arkansas. Josiah H. Shinn (1900)
Higher Education in Kansas. Frank W. Blackmar (1900)
The University of the State of New York. History of Higher Education in the State of New York. Sidney Sherwood (1900)
History of Education in Vermont. George Gary Bush (1900)
History of Education in West Virginia. A. R. Whitehill (1902)
The History of Education in Minnesota. John N. Greer (1902)
Education in Nebraska. Howard W. Caldwell (1902)
A History of Higher Education in Pennsylvania. Charles H. Haskins and William I. Hull (1902)
History of Higher Education in Colorado. James Edward Le Rossignol (1903)
History of Higher Education in Texas. J. J. Lane (1903)
History of Higher Education in Maine. Edward W. Hall (1903)

Image Source: Cropped from portrait of Herbert Baxter Adams ca. 1890s. Johns Hopkins University graphic and pictorial collection.

Economists Teaching Undergraduate Williams

Williams. Leading Author of Political Economy Textbooks, Arthur Lathan Perry (1830-1905)

Post author By Irwin Collier
Post date 2019-11-10

An earlier post mentioned the late 19th century economics textbook writer, Arthur Latham Perry, whose writings in the United States were rated by leading publishers in third/fourth place (behind Adam Smith and John Stuart Mill) in 1876. This post provides some biographical information, links to most editions of his three textbooks and two prefaces that describe his personal intellectual development as an economist.

More about the economics professor Arthur Latham Perry:

Joseph Dorfman. Economic Mind in American Civilization, vol. 3 1865-1918. New York: 1949. pp. 56-63.

Stephen Meardon. A Tale of Two Tariff Commissions and One Dubious “Globalization Backlash”. Inter-American Development Bank, Research Department Working Paper 476 (November 2002), pp. 14-19.

________________________

Perry, Arthur Latham (1830-1905)
By Patrick J. McCurdy (Class of 2002)

Arthur Latham Perry, Williams Class of 1852, was born on February 27, 1830 and died on July 9, 1905. He was raised in poverty in New Hampshire but was able to attend Williams College, where he was one of the founders and charter members of the Alpha Delta Phi Fraternity.

After graduating, he taught in Washington for a year but returned immediately when offered a position at Williams as professor of history and political economy. He taught these subjects from 1854 to 1891. While at the college he also taught German language and literature 1854-1868. As a professor of Political Economy, 1859-1899, he wrote many textbooks and monographs and was considered a leading expert in the field of free trade.

For several years he toured the country during his summer holidays, giving lectures on the principle of free trade for The American Free Trade League. He also wrote important history books on Williamstown and Williams College, Origins of Williamstown (1894) and Williamstown and Williams College (1898).

In 1891 Professor Perry retired and acted as a consultant to the governors of Vermont, Massachusetts, New Hampshire and Connecticut. It was for his great devotion to Williams College that the Alpha Delta Phi fraternity house was named in honor of him.

Perry married Mary Brown Smedley, whose ancestors were some of the first settlers of Williamstown and famous leaders of the Revolutionary War. With her he had five sons and one daughter: Bliss, Arthur, Walter, Carroll, Lewis and Grace. Papers for years to come would describe the brothers as a member of an old and distinguished Williamstown family.”

Source: Williams College. Special Collections Website: Perry, Arthur Latham (1830-1905) webpage.

Image Source: Arthur Latham Perry. Miscellanies. Williamstown, Mass.: Published by the Author, 1902).

________________________

Arthur Latham Perry
Links to Editions of his Three Text-books in Political Economy

Perry, Arthur Latham. Elements of Political Economy (New York: Charles Scribner and Company). 1^st ed. (1866); 2^nd ed. (1867); 4^th ed. (1868); 5^th ed. (1869) ; 6^th ed. (1871); 7^th ed. (1872); 10^th ed. (1873); 11^th ed. (1874); 13^th ed. (1875); 14^th ed. (1877); 15?^th ed. (1878);
Title shortened to Political Economy: 18th ed. (1883); 19^th ed. (1887); 20^th ed. (1888); 21^st ed. (1892); 22^nd ed. (1895).

Perry, Arthur Latham. An Introduction to Political Economy (New York: Scribner, Armstrong, & Company). 1^st ed. (1877); 2^nd ed. (1880).

Perry, Arthur Latham. Principles of Political Economy. (New York: Charles Scribner’s Sons). 1^st ed. (1891);

________________________

Arthur Latham Perry, LL.D.
Orrin Sage Professor of History and Political Economy in Williams College

PREFACE
14^th edition (1877) of Elements of Political Economy

THE good reception given to my book in its previous editions by many practical teachers, as well as by the general public, has prompted me to subject it to another thorough revision, by verifying former statements of fact and introducing many new ones to bring the book abreast of the present time, and by enlarging the discussion of principles at some points and curtailing it at others in the interest of symmetry and completeness; and prompts me also to write, even at this late day, a preface to the book, since I have grounds for believing that some of its friends may be pleased to learn of the circumstances under which it was originally written.

I had taught Political Economy in this Institution [Williams College] for ten or twelve years without ever forming any purpose to try my hand at a treatise on the subject. I had used for my teachers and guides the English writers, particularly Smith, Ricardo, Senior, and Mill; and had familiarized myself also with the American writers, particularly Carey, Wayland, Bowen, and Bascom. Almost from the outset of my studies, however, and increasingly as the years went by, I felt a dissatisfaction with what seemed to me to be the lack of scientific generality common to nearly all these writers. I could see no solid reason why economical discussions should be confined to tangible commodities, and not include as well personal services rendered for pay, and also credits of all kinds. I discussed this point repeatedly with Professor Bascom, at that time my colleague, and my mind had almost reached the conclusion in which it has now rested for many years, when my late friend Amasa Walker, who was even then a political economist of reputation, although he had not yet published his “Science of Wealth,” recommended to me Bastiat’s “Harmonies of Political Economy.” I had scarcely read a dozen pages in that remarkable book, when, closing it, and giving myself to an hour’s reflection, the field of Political Economy, in all its outlines and landmarks, lay before my mind just as it does to-day. I do not know how much I brought to this result, and how much towards it was derived from Bastiat. I only know that from that hour Political Economy has been to me a new science; and that I experienced then and thereafter a sense of having found something, and the cognate sense of having something of my own to say. This was in 1863.

Subsequently I learned much from Bastiat. It is a pleasure to acknowledge, in the amplest manner, one’s indebtedness to such a quickening writer as he is; and whoever will compare carefully with his book the following chapters on Value and Land, will see how much I have profited by his discussions; and he will also see that I have made an independent, not a servile, use of them. I dare to hope that the relations of utility to value are even more clearly and ultimately put than he has put them. Not to have availed myself of the truths which he has actually established would be as unjust to science, as not also to have endeavored, in the chapters on Exchange and Foreign Trade to execute the commission which he left to his readers in these words:

“I hope yet to find at least one among them who will be able to demonstrate rigorously this proposition: the good of each tends to the good of all, as the good of all tends to the good of each ; and who will, moreover, be able to impress this truth upon men’s minds by rendering the proof of it simple, lucid, and irrefragable.”
[Sterling’s Translation of the Harmonies, page 92.]

Under the impression that I could now say something about Political Economy that the public might be willing to hear, I wrote over my initials a series of articles for the “Springfield Republican,” which attracted attention, and brought me letters alike from friends and from entire strangers, – notably from the late Sidney Homer of Boston, whose name I shall always hold in grateful remembrance for this and other reasons, – urging me to continue to write on this subject, and suggesting that a formal treatise might be acceptable to the public. Thus solicited and encouraged, – Mr. Bowles kindly adding his voice to the rest, — I ventured with diffidence upon the composition of this book. It was not at all the primary purpose to prepare a text-book for the use of college students. I thought, indeed, that I might use the book with my own classes; but the general public was in my eye throughout. The supposed needs of merchants’ clerks and farmers’ sons, for example, influenced the matter and form much more than those of people intellectually further advanced. Indeed, there was, for this reason, in the first edition, a familiarity of phrase and illustration which justly elicited criticism, and which has since been gradually eliminated. While the original design, to be intelligible to all classes of readers, may doubtless have betrayed me at times into too familiar a style, it has continued, nevertheless, to control the form of every new and every altered paragraph.

That which is original in my book is perhaps rather to be sought for in the book as a whole than in the specific parts of it. The entire plan is different from that of any book published prior to 1865. I attempted a self-consistent and symmetrical development of the one idea of Value in each of the three forms in which it manifests itself. That the outline at least is complete, is confirmed by the fact that I have found no occasion since for any other chapters than the sixteen originally sketched. I dropped entirely the long-maintained distinctions between the Production, Distribution, and Consumption of Wealth. So far as I know, I was the first to drop the technical use of the term Wealth, – a term that has always proved an invincible foe to every one trying to wrestle with it scientifically: even Bastiat, athlete as he was, was floored in this encounter. I believe that new light has been thrown on the value of land, on the delicate relations between money as a medium and money as a measure, on the whole line of objections to free trade, and on the nature of property as related to every form of taxation. The historical chapters of the book cost me very great labor. In sketching the history of American tariffs, I had not before me the tracks of even a solitary pioneer. The same remark applies in the same degree to the chapter on Currency in the United States, – a subject that has since been worthily developed into a volume by my friend Professor Sumner of Yale College. In the opening chapter on the History of the Science, I was aided somewhat by the Introductory Discourse prefixed by Mr. McCulloch to his edition of Adam Smith, and also somewhat by the article “Political in the New American Cyclopedia; but all the quotations from the classical writers, as well as those from Locke, Hume, and Bastiat, were made at first hand.

Two or three editions of the present treatise had been issued before I had seen any of the books of Henry Dunning Macleod, and to the numerous points of our independent coincidence have been added, in my later editions, many points of information in matters of fact, and some distinctions in matters of science, for which I wish here to express in general my obligations to him. Mr. Macleod, in the first volume of his “Principles of Economical Philosophy.” has done me the great honor to associate my name with Condillac, Whately, Bastiat, and Chevalier, — the heads of the third great school in Political Economy. His own name is more worthy than mine, and more likely than mine, to stand permanently in that distinguished list.

The most recent writers, whom I have consulted, and to whom I feel under obligations, – and every writer who is both competent and earnest puts his readers under obligations of some sort, — are ,Governor Musgrave of South Australia, Professors Price and Jevons of England, and General Walker of New Haven; the points of the latter in respect to the so called wages-fund have led me to modify my previous views on that subject.

I can not conclude this preface without expressing my sense of indebtedness to the successive classes of intelligent young men, to whom I have presented, and with whom I have discussed, now for almost a quarter of a century, the facts and principles of this fascinating science. It seems to me as if every possible objection to the leading points in this book has been raised, at one time or another, in my own lecture-room. Sometimes I have been convicted of error in minor points, and many times been fortified in the truth, through an attempt to remove objections started thus by students. Nearly every one of the objections to free exchange answered in the chapter on Foreign Trade was broached in this way; and I deem it of the greatest advantage to any political economist, — an advantage to which Adam Smith himself was much indebted, – to have the opportunity to test views and theories over and over again in the presence of fresh and bright minds. It has not infrequently happened in my experience that new light has been thrown out upon a subject by a young man just grasping the thought for the first time.

A. L. P.

Williams College,
July 4, 1876.

Source: Arthur Latham Perry. Elements of Political Economy, 14^th edition (1877), pp. v-xi.

________________________

Arthur Latham Perry, LL.D.
Orrin Sage Professor of History and Political Economy in Williams College

PREFACE.
Principles of Political Economy (1891)

It is now exactly twenty-five years since was published my first book upon the large topics at present in hand. It was but as a bow drawn at a venture, and was very properly entitled “Elements of Political Economy.” At that time I had been teaching for about a dozen years in this Institution the closely cognate subjects of History and Political Economy; cognate indeed, since Hermann Lotze, a distinguished German philosopher of our day, makes prominent among its only five most general phases, the “industrial” element in all human history; and since Goldwin Smith, an able English scholar, resolves the elements of human progress, and thus of universal history, into only three, namely, “the moral, the intellectual, and the productive.”

During these studious and observant years of teaching, I had slowly come to a settled conviction that I could say something of my own and something of consequence about Political Economy, especially at two points ; and these two proved in the sequel to be more radical and transforming points than was even thought of at the first. For one thing, I had satisfied myself, that the word “Wealth,” as at once a strangely indefinite and grossly misleading term, was worse than useless in the nomenclature of the Science, and would have to be utterly dislodged from it, before a scientific content and defensible form could by any possibility be given to what had long been called in all the modern languages the “Science of Wealth.” Accordingly, so far as has appeared in the long interval of time since 1865, these “Elements” were the very first attempt to undertake an orderly construction of Economics from beginning to end without once using or having occasion to use the obnoxious word. A scientific substitute for it was of course required, which, with the help of Bastiat, himself however still clinging to the technical term “Richesse,” was discerned and appropriated in the word “Value” ; a good word indeed, that can be simply and perfectly defined in a scientific sense of its own; and, what is more important still, that precisely covers in that sense all the three sorts of things which are ever bought and sold, the three only Valuables in short, namely, material Commodities, personal Services, commercial Credits. It is of course involved in this simple-looking but far-reaching change from “Wealth” to “Value,” that Economics become at once and throughout a science of Persons buying and selling, and no longer as before a science of Things howsoever manipulated for and in their market.

For another thing, before beginning to write out the first word of that book, I believed myself to have made sure, by repeated and multiform inductions, of this deepest truth in the whole Science, which was a little after embodied (I hope I may even say embalmed) in a phrase taking its proper place in the book itself, — A market for Products is products in Market. The fundamental thus tersely expressed may be formulated more at length in this way: One cannot Sell without at the same instant and in the same act Buying, nor Buy anything without simultaneously Selling something else; because in Buying one pays for what he buys, which is Selling, and in Selling one must take pay for what is sold, which is Buying. As these universal actions among men are always voluntary, there must be also an universal motive leading up to them; this motive on the part of both parties to each and every Sale can be no other than the mutual satisfaction derivable to both; the inference, accordingly, is easy and invincible, that governmental restrictions on Sales, or prohibitions of them, must lessen the satisfactions and retard the progress of mankind.

Organizing strictly all the matter of my book along these two lines of Personality and Reciprocity, notwithstanding much in it that was crude and more that was redundant and something that was ill-reasoned and unsound, the book made on account of this original mode of treatment an immediate impression upon the public, particularly upon teachers and pupils; new streaks of light could not but be cast from these new points of view, upon such topics especially as Land and Money and Foreign Trade; and nothing is likely ever to rob the author of the satisfaction, which he is willing to share with the public, of having contributed something of importance both in substance and in feature to the permanent upbuilding of that Science, which comes closer, it may be, to the homes and happiness and progress of the People, than any other science. And let it be said in passing, that there is one consideration well-fitted to stimulate and to reward each patient and competent scientific inquirer, no matter what that science may be in which he labors, namely, this: Any just generalization, made and fortified inductively, is put thereby beyond hazard of essential change for all time; for this best of reasons, that God has constructed the World and Men on everlasting lines of Order.

As successive editions of this first book were called for, and as its many defects were brought out into the light through teaching my own classes from it year after year, occasion was taken to revise it and amend it and in large parts to rewrite it again and again; until, in 1883, and for the eighteenth edition, it was recast from bottom up for wholly new plates, and a riper title was ventured upon, — “Political Economy,” — instead of the original more tentative “Elements.” Since then have been weeded out the slight typographical and other minute errors, and the book stands now in its ultimate shape.

My excellent publishers, who have always been keenly and wisely alive to my interests as an author, suggested several times after the success of the first book was reasonably assured, that a second and smaller one should be written out, with an especial eye to the needs of high schools and academies and colleges for a text-book within moderate limits, yet soundly based and covering in full outline the whole subject. This is the origin of the “Introduction to Political Economy” first published in 1877, twelve years after the other. Its success as a text-book and as a book of reading for young people has already justified, and will doubtless continue to justify in the future, the forethought of its promoters. It has found a place in many popular libraries, and in courses of prescribed reading. Twice it has been carefully corrected and somewhat enlarged, and is now in its final form. In the preface to the later editions of the ” Introduction ” may be found the following sentence, which expresses a feeling not likely to undergo any change in the time to come: — “I have long been, and am still, ambitious that these books of mine may become the horn-books of my countrymen in the study of this fascinating Science.”

Why, then, should I have undertaken of my own motion a new and third book on Political Economy, and attempted to mark the completion of the third cycle of a dozen years each of teaching it, by offering to the public the present volume? One reason is implied in the title, “Principles of Political Economy.” There are three extended historical chapters in the earlier book, occupying more than one-quarter of its entire space, which were indeed novel, which cost me wide research and very great labor, and which have also proven useful and largely illustrative of almost every phase of Economics ; but I wanted to leave behind me one book of about the same size as that, devoted exclusively to the Principles of the Science, and using History only incidentally to illustrate in passing each topic as it came under review. For a college text-book as this is designed to become, and for a book of reading and reference for technical purposes, it seems better that all the space should be taken up by purely scientific discussion and illustration. This does not mean, however, that great pains have not been taken in every part to make this book also easily intelligible, and as readable and interesting as such careful discussions can be made.

A second reason is, to provide for myself a fresh text-book to teach from. My mind has become quite too thoroughly familiarized with the other, even down to the very words, by so long a course of instructing from it, for the best results in the class-room. Accordingly, a new plan of construction has been adopted. Instead of the fourteen chapters there, there are but seven chapters here. Not a page nor a paragraph as such has been copied from either of the preceding books. Single sentences, and sometimes several of them together, when they exactly fitted the purposes of the new context, have been incorporated here and there, in what is throughout both in form and style a new book, neither an enlargement nor an abridgment nor a recasting of any other. I anticipate great pleasure in the years immediately to come from the handling with my classes, who have always been of much assistance to me from the first in studying Political Economy, a fresh book written expressly for them and for others like-circumstanced; in which every principle is drawn from the facts of every-day life by way of induction, and also stands in vital touch with such facts (past or present) by way of illustration.

The third and only other reason needful to be mentioned here is, that in recent years the legislation of my country in the matter of cheap Money and of artificial restrictions on Trade has run so directly counter to sound Economics in their very core, that I felt it a debt due to my countrymen to use once more the best and ripest results of my life-long studies, in the most cogent and persuasive way possible within strictly scientific limits, to help them see and act for themselves in the way of escape from false counsels and impoverishing statutes. Wantonly and enormously heavy lies the hand of the national Government upon the masses of the people at present. But the People are sovereign, and not their transient agents in the government; and the signs are now cheering indeed, that they have not forgotten their native word of command, nor that government is instituted for the sole benefit of the governed and governing people, nor that the greatest good of the greatest number is the true aim and guide of Legislation. I am grateful for the proofs that appear on every hand, that former labors in these directions and under these motives have proven themselves to have been both opportune and effective; and I am sanguine almost to certainty, that this reiterated effort undertaken for the sake of my fellow-citizens as a whole, will slowly bear abundant fruit also, as towards their liberty of action as individuals, and in their harmonious co-operation together as entire classes to the end of popular comforts and universal progress.

A. L. PERRY.

Williams College,
November 25, 1890.

Source: Preface to Arthur Latham Perry, Principles of Political Economy (New York: Charles Schribner’s Sons), pp. vii-xii.

Tags PerryAL

Economists Williams

Great-Granddad of Sam Bowles who encouraged Arthur L. Perry to write an economics textbook, 1860s.

Post author By Irwin Collier
Post date 2019-11-08

That the economist Sam Bowles of the Sante Fe Institute and the CORE Project comes from a distinguished New England family is well-known. Today while tracking down different editions of the economics textbook written by the Williams College professor, Arthur Latham Perry, I stumbled upon his acknowledgement of the encouragement given him by the editor of the Springfield Republican, Samuel Bowles, to write an economics textbook. Putting on my genealogical gumshoes, I checked that the two Sams of the case were indeed related. It wasn’t hard work. This post shares the result of my queries.

About the economics professor Arthur Latham Perry:

Joseph Dorfman. Economic Mind in American Civilization, vol. 3 1865-1918. New York: 1949. pp. 56-63.

Stephen Meardon. A Tale of Two Tariff Commissions and One Dubious “Globalization Backlash”. Inter-American Development Bank, Research Department Working Paper 476 (November 2002), pp. 14-19.

________________________

Samuel Bowles, Great-Grandfather of economist Samuel Stebbins Bowles
(b. 9 Feb 1826; d. 16 Jan 1878)

Arthur Latham Perry’s expression of gratitude to Samuel Bowles
Preface to Elements of Political Economy (4th ed.)

Samuel Bowles of the “Springfield Republican” invited me, in 1864, to write a series of articles for his paper on some of the topics of Political Economy. These articles met the eye and the approbation of Sidney Homer of Boston, and of Amasa Walker of North Brookfield. Both these gentlemen communicated to me by letter their desire that I would continue to address the public on those subjects. Thus encouraged, and wishing also to furnish myself and other practical teachers with a manual in which the principles of the science should be laid down as I understand them, I proceeded to write this book. But the hazards of publication were not to be run without subjecting the work to the critical eye of a competent thinker. President Woolsey of Yale College very kindly rendered me this service.

To these four gentlemen, then, each of whom I am happy to reckon as my friend, is this fourth edition very cordially dedicated. My sense of obligation to many other friends, and to a generous public also, is expressed in an endeavor to make the book more worthy than before of their continued favor.

A.L.P.

Williams College, February, 1868.

Source: Arthur Latham Perry, Professor of History and Political Economy in Williams College. Elements of Political Economy (4^th ed.), p. iii. New York: Charles Scribner and Company, 1868.

Biography: George S. Merriam. The Life and Times of Samuel Bowles (Volume I; Volume II). New York: The Century Co., 1885.

Image Source: Portrait of Samuel Bowles. Mason A. Green. Springfield, 1636-1886. History of Town and City (Boston: C.A. Nichols & Co., 1888), following p. 542.

________________________

Charles Allen Bowles, Grandfather
(b. 19 Dec 1861; d. 14 Nov 1933)
&
Chester Bliss Bowles, Father of economist Samuel Stebbins Bowles
(b. 5 Apr, 1901; d. 25 May 1986)

Charles A. Bowles, Obituary

Charles P. Harris of Morris inn, West street, has received word of the death Friday at his home in Springfield, Mass., of his brother-in-law, Charles Allen Bowles, 71, second and last surviving son of Samuel Bowles. He was the grandson of the elder Samuel Bowles, founder of the Springfield Republican.

Besides his wife, Mrs. Nellie Seaver Harris Bowles, a daughter of the late Mr. and Mrs. Joel B. Harris of Rutland, Mr. Bowles leaves a daughter, Miss Dorothy Bowles of Springfield; two sons, Charles Allen Bowles, jr., of Springfield and Chester Bliss Bowles of New York: two sisters, Mrs. William H. King of Winnetka, Ill., and Mrs. Ruth S. Baldwin of New Canaan, Conn., and four grandchildren.

Mr. Bowles was born in New York December 19, 1861. He was a graduate of the Sheffield Scientific school of Yale university in the class of 1883. For many years he was in business in Springfield.

Source: Rutland Daily Herald (Rutland Vermont). 20 November 1933, p. 10.

Charles A. Bowles House, 81 Mulberry Street, Springfield, MA, ca. 1938-39.

This massive house is one of Springfield’s finest examples of Colonial Revival architecture, and was designed by Guy Kirkham, one of the city’s leading architects of the late 19th and early 20th centuries. Completed in 1894, it was among his earliest works, and was designed for Charles A. Bowles, a paper manufacturer whose father, Samuel Bowles, had been the prominent editor of the Springfield Republican from 1851-1878. Charles’s older brother Samuel succeeded their father as editor after his death in 1878, but Charles went into the manufacturing business instead. He attended Sheffield Scientific School at Yale for a year, but did not graduate. Instead, he worked briefly for the Pennsylvania Railroad before entering the papermaking industry in 1884.

In 1885, at the age of 24, he married Nellie S. Harris of Rutland, Vermont, and early in their marriage they lived in a house nearby at 34 Avon Place. By the time they moved into this house on Mulberry Street in 1894 they had two children, Charles and Dorothy, and they would have one more son, Chester, who was born in 1901. During this time, Charles went into business for himself, becoming a partner in the firm of Dexter & Bowles, which sold paper pulp and other supplies for paper manufacturers.

Charles Bowles lived here until his death in 1933, but Nellie was still living here with her daughter Dorothy when the first photo was taken at the end of the 1930s. Dorothy was in her early 40s at the time, and she worked as a dressmaker, with a shop on Vernon Street. She lived here in this house until her mother’s death in 1943, and she subsequently moved to a house on Maple Court. In the meantime, Charles and Nellie’s older son, Charles, Jr., lived here with his parents until his marriage in 1917, and he and his wife Helen lived in Springfield’s Forest Park neighborhood until his death in 1946.

It was Charles and Nellie’s youngest child, Chester, who would go on to have the most prominent career, becoming a successful politician, diplomat, and advertising executive. He grew up here in this house and lived here until the mid-1920s, around the time that he married his first wife, Julia Fisk. He briefly worked as a reporter for the Springfield Republican from 1924 to 1926, but he saw limited opportunities for himself in a newspaper that was crowded with other family members. So, he moved to New York City and, in 1929, established the advertising agency of Benton & Bowles, which would go on to become highly successful in the early years of radio advertising. The firm introduced soap operas to radio programming, largely in an effort to advertise to housewives who listened to the radio at home, and during the 1930s the company’s clients included General Foods, Bristol-Myers, Colgate, Dr. Pepper, Prudential Life Insurance, Columbia Records, and Procter & Gamble.

However, Bowles left the advertising industry in 1941, and he went on to become a member of Franklin D. Roosevelt’s administration during World War II. From 1943 to 1946 he served as the administrator of the Office of Price Administration, and then served one term as governor of Connecticut from 1949 to 1951. Later in 1951, he was appointed as ambassador to India, and served until the end of Harry Truman’s administration in 1953. He served one term in Congress, from 1959 to 1961, and after being defeated for re-election he was appointed Under Secretary of State by John F. Kennedy. In 1963, Kennedy appointed him as ambassador to India again, and Bowles went on to serve in this capacity until the end of Lyndon Johnson’s presidency in 1969.

By the time Bowles was in the midst of his political and diplomatic career, his childhood home here on Mulberry Street had been converted into apartments. It would remain a multi-family home until 1991, when it was severely damaged by a fire that gutted the back of the house and destroyed much of the roof. For the next decade, the house stood vacant and exposed to the elements, and was nearly demolished by the city several times. However, it was sold in 2000 and restored the following year, earning an award from the Springfield Preservation Trust in the process. Today it hardly looks any different from when the Bowles family lived here 80 years ago, and it still stands as one of the finest homes in the Ridgewood Local Historic District.

Source: Derek Strahan, “Charles A. Bowles House, Springfield, Mass” at the Lost New England Website (Feb. 23, 2018)

Image Source: Samuel Bowles (2015). Wikimedia.

Tags Bowles, PerryAL

Economist Market Economists Harvard Pennsylvania Williams

Harvard. Job placements of economics PhDs. Jewish candidates, 1928-29

Post author By Irwin Collier
Post date 2018-10-02

In this post I provide transcriptions of four letters concerning Harvard Ph.D.s on the job market. Two of candidates (Mandell Morton Bober and Richard Vincent Gilbert) were Jewish and this was considered an important characteristic to signal to prospective employers. Nothing from the Harvard side indicates anything other than a willingness to provide information that would be revealed in the process of recruitment anyway. In an earlier post we could read a similar letter by Allyn Young’s on behalf of his protégé Arthur William Marget for a position at the University of Chicago in 1927. In the cases below we again see anti-Jewish prejudice on the demand side of the market for academic economists.

Before getting to the letters (that are also interesting for providing a glimpse into job placement at the time), I provide a bit of information about each of the Harvard alumni discussed.

______________

Harvard Ph.Ds discussed

Beach, Walter Edwards

Harvard, Ph.D. in Economics, 1929.
Thesis title: International gold movements in relation to business cycles.
A.B. Stanford University, 1922; A.M. Harvard University.
1929. Instructor in Economics and Tutor in the Division of History, Government, and Economics, Harvard University.

Bober, Mandell Morton

Harvard, Ph.D. in Economics, 1925.
Thesis title: Karl Marx’s interpretation of history.
S.B. University of Montana, 1918; A.M. Harvard University, 1920.
1925. Instructor in Economics, Boston University.
1926. Instructor in Economics. and Tutor in the Division of History, Government, and Economics, Harvard University. Cambridge, Mass.

Gilbert, Richard Vincent

Harvard, Ph.D. in Economics, 1930.
Thesis title: Theory of International Payments.
S.B. Harvard University, 1923; A.M. Harvard University, 1925.

Hohman, Elmo Paul

Harvard, Ph.D. in Economics, 1925.
Thesis title: The American whaleman: a study of the conditions of labor in the whaling industry, 1785-1885.
A.B. University of Illinois, 1916; A.M. University of Illinois, 1917; A.M. Harvard University, 1920.
1925. Assistant Professor of Economics, Northwestern University.
1926. Assistant Professor of Economics, Northwestern University. Evanston, Ill.

Patton, Harald Smith

Harvard, Ph.D. in Economics, 1926.
Thesis Title: Grain growers’ cooperation in Western Canada.
A.B. University of Toronto, 1912; A.M. Harvard University, 1921.
1926. Associate Professor of Economics, University of Cincinnati. Cincinnati, O.

Remer, Charles Frederick

Harvard, Ph.D. in Economics, 1923.
Thesis title: The foreign trade of China.
A.B. University of Minnesota, 1908; A.M. Harvard University, 1917.
1923. Instructor in Economics, and Tutor in the Division of History, Government, and Economics, Harvard University.
1926. Orrin Sage Professor of Economics, Williams College. Williamstown, Mass.

Roberts, Christopher

Harvard, Ph.D. in Economics, 1927.
Thesis title: The History of the Middlesex Canal.
S.B. Haverford College, 1921; A.M. Harvard University 1922.
1927. Instructor in Economics and Tutor in the Division of History, Government, and Economics, Harvard University.

Smith, Walter Buckingham

Harvard, Ph.D. in Economics, 1928.
Thesis title: Money and prices in the United States from 1802 to 1820.
A.B. Oberlin College, 1917; A. M. Harvard University, 1924.
1928. Assistant Professor Economics, Wellesley College.

Taylor, Overton Hume

Harvard, Ph.D. in Economics, 1928.
Thesis title: The idea of a Natural Order in Early Modern Economic Thought.
A.B. University of Colorado 1921.
1928. Instructor in Economics and Tutor in the Division of History, Government, and Economics, Harvard University.

Source: Harvard University. Doctors of Philosophy and Doctors of Science Who have received their Degree in Course from Harvard University, 1873-1926, with the Titles of their Theses. Cambridge: 1926. Also Annual Reports of the President of Harvard College.

______________

Carbon copy
Possible candidates for Charles Frederick Remer successor at Williams College

June 19, 1928.

Dear Professor Taussig:

Professor Burbank has asked me to write to you in answer to your letter of the 13^thregarding possibilities for Remer’s position at Williams.

He believes that Bober can be recommended in the highest terms, but that the matter of his race should be mentioned. Gilbert, now at Rochester, is very able and in spite of the fact that he still has to complete his work for the Ph.D., might well be considered. He does not think so very highly of Patton; Hohman at Northwestern is fully as good.

He wonders what you would say regarding Walter Smith. He has some personal qualities that might cause trouble at Williamstown, but he is fully as capable as Remer.

If Professor Bullock has not left for Europe he suggests that he should be consulted since he knows the Williamstown situation very well.

Sincerely yours,

[unsigned, departmental secretary?]

______________

Carbon copy
Possible candidates for position at St. Lawrence University

January 28, 1929.

My dear Mr. Cram:

I have your note regarding the position at St. Lawrence University.

Beach probably will not go out next year. He wishes to stay here another year, and if we can make adequate provision for him we will do so.

If St. Lawrence is insistent upon the Ph.D you might recommend in very strong terms Christopher Roberts. If they will take a Jew you can recommend in superlative terms Professor M. M. Bober, now at Lawrence College; and also you might recommend under the above conditions, but perhaps less strongly R. V. Gilbert whom we expect to take the Ph.D this June.

However, before making any recommendations you should have the salary terms, the amount of teaching required, and the subjects to be taught.

Very sincerely,

H.H. Burbank.

HHB:BR

______________

Possible candidate for position at the Wharton School, University of Pennsylvania

University of Pennsylvania
Philadelphia

Wharton School of Finance and Commerce

May 16, 1929.

Professor H. H. Burbank
Department of Economics
Harvard University
Cambridge, Mass.

My dear Professor Burbank:

Thanks for your letter of May 8, informing me that Mr. Gilbert is of Jewish extraction. Professor Taussig had already told me that such was the case.

However, this will make no difference to us so long as his personality and bearing are attractive.

I am giving serious consideration to Mr. Gilbert, along with two other men who have been suggested to me from other sources. If Gilbert receives his Ph.D. this year, we may make him an offer, but we cannot consider him if he has not completed his work for the doctorate.

Sincerely yours,

[signed|
Raymond T. Bye
Acting Chairman
Department of Economics

RTB:T

______________

Possible candidate for position at the Wharton School, University of Pennsylvania (cont.)

University of Pennsylvania
Philadelphia

Wharton School of Finance and Commerce

June 17, 1929.

Professor H. H. Burbank
Department of Economics
Harvard University
Cambridge, Mass.

My dear Professor Burbank:

I hope that I did not cause you and your colleagues any inconvenience in pressing you and Dr. [O. H.] Taylor for an immediate decision on our offer to him. Things had dragged along here so long that I felt something must be done quickly and I know that I had prepared both Dr. Taylor and you for the possibility of our making him an offer, so that I felt it would not be difficult for you to make arrangements on short notice.

When I met you in Boston I was so well impressed with what you and Professor Vanderblue told me about Dr. Bober that I arranged for him to come here to meet us. We were all favorably impressed and I made every effort to secure his appointment to the position, but the Provost of the University was not willing to recommend a person of the Jewish race, so I had to give him up. It was then that I made the offer to Taylor. I think Dr. Taylor will fit into our problem for next year very nicely, for we need someone primarily to teach graduate courses. I question, however, whether we shall want to keep him permanently because, as I understand it, he is less effective as an undergraduate teacher. That is why I asked you to let him go on a year’s leave of absence. However, it is possible that the men here may like him so much that they will want to keep him permanently if he will stay. That will be for Professor E. M. Patterson to decide. He will be back as chairman of the department next year.

I want to thank you most cordially for your very material assistance in helping me to find a man to fill the vacancy here.

Sincerely yours,
[signed]
Raymond T. Bye
Acting Chairman
Department of Economics

RTB:T

Source: Harvard University Archives. Department of Econoics. Correspondence & Papers 1902-1950.Box 14, Folder “Positions for 1929-30”.

Image Source: Left, Senior year picture of R.V. Gilbert and, right, tutor picture of M.M. Bober (1926) in Harvard Class Album, 1923 and 1926, respectively.

Tags Beach, Bober, Bullock, Burbank, GilbertRV, Hohman, PattonHS, Remer, RobertsC, SmithWB, Taussig, TaylorOH

Economic History Harvard Syllabus Williams

Harvard. American Industrial History. Readings and Paper Topics. John E. Sawyer, 1949-51

Post author By Irwin Collier
Post date 2017-10-28

Some instructors play only briefly a part in an economics department’s regular program. Today we have the Harvard assistant professor John Edward Sawyer who taught undergraduate American economic history for a few years at mid-20th century before going on to teach at Yale and ultimately becoming the president of his alma mater, Williams College. I have provided a memorial minute for some additional biographical information about Sawyer. The minute is followed by a list of topics and recommended reading for his American economic history course term paper as well as the required reading list.

An obituary for John Edward Sawyer by Henry B. Dewey was published at the American Antiquarian Society Proceedings of the Semiannual Meeting (April 22, 1995).

____________________________

Sawyer, John Edward (1917-1995)
Williams College President 1961-1973
By Prof. J. Hodge Markgraf (Williams Class of 1952)

In this nation, in this century, Jack Sawyer was a giant among leaders of higher education, among executives of philanthropic foundations, and among the pioneers in environmental studies. To all of these endeavors he brought high intelligence, wide knowledge, humanistic values and keen analysis.

It is his impact on this college that brought him national prominence and it is that leadership which this memorial minute celebrates. Jack’s involvement with Williams started early. He came to campus with his father, Class of ’08, and his brother, Class of ’37, before his own matriculation here as a freshman in September 1935. By the time he graduated magna cum laude with Highest Honors in History (he was the first thesis student of President James Phinney Baxter), he had joined a fraternity, been elected to Phi Beta Kappa, sung in the Glee Club, worked on the Gul , served as a Junior Advisor, and helped edit the Purple Cow magazine. The Class of 1939 was unique in this century because it provided four distinguished members of this faculty: in addition to Jack, they were Jim Burns, Bill Gates, and Jack Savacool.

Jack Sawyer’s next official connection to Williams came in 1952, when he was appointed a permanent trustee at age 34. He was named our 11th president in 1961; at age 44 he was the youngest Williams president in this century. He served as president for 12 years and, when he left in 1973, every aspect of this college was transformed: students, faculty, curriculum, administration, trustees, alumni, finances, and physical plant. It is difficult to convey the scope and manner of these changes. Within days of his arrival here he appointed a committee to study the fraternity question, and he had its report in less than a year. The trustees’ decision to replace fraternities with a residential house system set the stage for the construction of housing and dining facilities. A new record for annual alumni giving that winter of 1962-1963 helped dispel the notion that alumni were upset over this bold move. It should come as no surprise that the Alumni Fund outdid itself. Behind the scenes, generous donors assured Jack the goal would be exceeded, an action that thwarted a pro-fraternity group calling for funds to be withheld. At the same time, Jack experimented with more flexible admissions criteria (the so called 10% program), ended compulsory attendance for the classroom and the chapel, instituted paid assistant professor leaves, created the offices of provost and dean of the faculty, and was persuaded by four science faculty (only one of whom was tenured) to build a science center for research and computing.

In mid-decade he took the lead in revising the curriculum to include non-western studies, changing the college calendar to create the Winter Study Program, establishing the first center for environmental studies at the college level, increasing the number of African-American students, expanding the recruitment of women and minorities for faculty and administration positions, and completing a capital campaign eight times the scale of the previous one.

At the end of the decade he helped create the Twelve College Exchange Program, he engineered the change to coeducation here more sensitively than any other institution undergoing the same transition, and he was one of the leaders in establishing the New England Small College Athletic Conference. His last curricular contribution was the Graduate Program in the History of Art. Throughout the decade he increased the diversity of trustee membership by including women, minorities, and young alumni.

These extraordinary changes, for the most part, met with ready acceptance and surprising harmony. Jack’s presidency, however, was not without stress. There was the expected hostility from some alumni over the demise of fraternities, and there were objections from similar quarters over the coeducation decision. Internally, younger faculty in 1968 were expressing displeasure with an entrenched committee structure that dominated faculty governance. The result was the Faculty Steering Committee, the introduction of term limits for committee assignments, the addition of students to most faculty committees, and limited attendance by students at faculty meetings. In 1969 black students occupied offices in Hopkins Hall to protest deficiencies in the curriculum, in social and cultural events, and in admissions as they related to Afro-American concerns. What followed were increased staffing, funding, and diversity in the Afro-American Studies Program, in social and cultural events, in admissions and administrative activities.

Finally, in May 1970 the U.S. government’s military actions in southeast Asia, especially the Cambodian incursion, resulted in protests on many campuses. The deep feelings expressed by students and faculty at Williams, shared by Jack, led to the canceling of the last two weeks of classes and the suspension or postponement of final exams. Those were the easy moves. He then organized delegations of students, faculty, and trustees to call on members of Congress to press the case for disengagement. It was characteristic of him to insist that a trustee be part of each delegation in order to demonstrate a consensus within this college community. These public crises were not easy for Jack because many of the college’s constituencies were neither shy nor uncertain about offering advice. The fact that we survived as well as we did is testimony to his leadership and that of many others.

Throughout his public career Jack’s leadership reflected his sense of stewardship. He was acutely aware that the institutions he led were entrusted to him for only a short time and that prior events implied both limitations and opportunities. Above all else, however, he aspired to lead a life that was useful and, in doing so here, his vision for Williams redefined this college. His multiple initiatives were all part of a larger schema. His horizon was further and his sight was clearer than most of his contemporaries. He was wise, compassionate, witty, gracious, and extraordinarily well read. He cared foremost about people and ideas. His desire to effect meaningful change and his ability to chart the clearest pathway sometimes resulted in an attention to detail that not everyone appreciated. In observing these situations, I was convinced that such micromanagement did not stem from pettiness or a need for power, but rather from an unavoidable desire to have everyone’s energies coherent and focused.

Sometimes his analytical prowess could not be restrained. During CAP interviews with faculty candidates, he occasionally became so engaged with their description of the doctoral thesis that he would redesign their expositions and suggest an additional chapter or two, citing the key primary literature that ought to be consulted. Applicants’ responses ranged from barely-concealed resentment to profound gratitude.

The biographical facts are these. John Edward Sawyer was born in Worcester, Massachusetts, on 5 May 1917. He attended Deerfield Academy, obtained an A.B. degree from Williams, and earned an A.M. degree from Harvard in 1941. He completed all requirements for a Ph.D. except the thesis before serving as an officer in the U.S. Navy from 1942 to 1946, assigned to the Office of Strategic Services in Washington, North Africa and Europe. He than returned to Harvard as a Junior Fellow in the Society of Fellows (1946-1949) and as an Assistant Professor (1949-1953). He was an Associate Professor at Yale University (1953-1961) before becoming President of Williams College (1961-1973). In 1974 he became Vice President of the Andrew W. Mellon Foundation and served as its President from 1975 until his retirement in 1987 at age 70.

His many honors included the U.S. Navy Bronze Star medal, thirteen honorary degrees, the National Academy of Sciences Public Welfare Medal, the Phi Beta Kappa Award for Distinguished Service to the Humanities, the Woods Hole Oceanographic Institution Chairman’s Award, and the Williams College Bicentennial Medal.

In June 1941 he married Anne Swift, who in 1984 was the first recipient of the college’s Ephraim Williams Medal. Jack Sawyer died in Woods Hole, Massachusetts, on 7 February 1995 at age 77.

His foremost legacy is this college. His life was splendidly useful.

Source: Markgraf, J. Hodge. “John Edward Sawyer.” 8 March 1995. Williams College Faculty Meeting Minutes. Williams College Archives. Also available online at Williams College, Special Collections, Williams History—Presidents.

____________________________

Course Announcement

Economics 136 (formerly Economics 36a). Economic History: The Growth of an Industrial Economy in the United States

Half-course (spring term). Mon., Wed., and (at the pleasure of the instructor) Fri., at 12. Assistant Professor Sawyer.

Source: Final Announcement of the Courses of Instruction Offered by the Faculty of Arts and Sciences During 1950-51. Official Register of Harvard University, Vol. XLVII, No. 23 (September 1950), p. 81.

____________________________

Course Enrollment
[1949-50]

[Economics] 136a. (formerly Economics 36a). Economic History: The Growth of an Industrial Economy in the United States. (Sp) Assistant Professor Sawyer.

Total 68: 1 Graduate, 18 Seniors, 25 Juniors, 15 Sophomores, 4 Radcliffe 5 Other.

Source: Harvard University. Report of the President of Harvard College, 1949-50, p. 73.

____________________________

1949-50
Economics 136

Undergraduate Papers

Each student will prepare a paper due not later than May 15 on a problem in American economic history since 1800.

The paper is to be 10-15 pages in length (3,000 – 4,000 words). It is to be based on an additional 300-500 pages of reading, usually from more than one book, on one of the topics suggested below; or on other topics or books of special interest to the student for which he has secured the approval of the instructors.

The paper is not to be a mere descriptive summary of the reading. The student should rather draw on the reading, and the sum of his work in history and economics, to discuss an important economic problem within the topic on which he has read.

Each student is responsible for getting his own books and for submitting as early as practical a one-paragraph statement of his reading plans and of the problem he expects to deal with (the latter may, of course, change as the reading progresses). The final paper should indicate the reading on which it is based and the sources (including other courses) on which the paper has drawn.

The following examples illustrate the kind of problems which a paper might treat within some of the different topics:

The relationship between technological change and the growth of a particular industry.
The factors that prevented the development of a Central Bank in the United States in the 19^th
The role of the railroad in the growth of a particular market area.
The role of transportation and location in the economic growth of a given city.
The role of Rockefeller (or any other business man) in the growth of large-scale enterprise, his attitudes towards competition and the economic conditions behind these attitudes.

1800 – 1880’s

Geography and Land

E.C. Semple, American History and Its Geographic Conditions
R.M. Robins, Our Landed Heritage
B.E. Hibbard; A History of the Public Land Policies
A.M. Sakolski, The Great American Land Bubble
P.W. Gates, The Wisconsin Pine Lands
K. Coman, Economic Beginnings of the Far West

Population

W.W. Thompson and P.K. Whelpton, Population Trends in the U.S.
Census Monograph, 1909, A Century of Population Growth, 1790-1900
M.L. Hansen, The Atlantic Migration
M.L. Hansen, The Immigrant in American History

Transportation

J.G.B. Hutchins, American Maritime Industries and Public Policy, 1789-1914
R.G. Albion, The Rise of the New York Port
W.J. Lane, From Indian Trail to Iron Horse
Cleveland and Powell, Railroad Promotion and Capitalization in the U.S.
P.W. Gates, The Illinois Central Railroad and its Colonization Policies
U.B. Philips, A History of Transportation in the Eastern Cotton Belt
R.C. Overton, Burlington West
R.F. Riegel, Story of the Western Railroads
E.C. Kirkland, Men, Cities and Transportation
W.F. Gephart, Transportation and the Development of the Middle West

Development of Markets

L.E. Atherton, The Pioneer Merchant in Mid-America
F.M. Jones, Middleman in the Domestic Trade of the U.S.
T.S. Berry, Western Prices before 1861, A Study of Cincinnati Market
R.G. Albion, The Rise of the Port of New York, 1815-1860
J.W. Livingood, The Philadelphia-Baltimore Trade Rivalry, 1780-1860
G.S. Callendar, The Early Transportation and Banking Enterprises of the States, Quarterly Journal of Economics, Vol. XVII

Technological Progress

Leo Rogin, Introduction of Farm Machinery in Relation to Productivity of Agriculture
F. McCormick, The Development of Farm Machinery
J.V. Roe, English and American Toolmakers
A.P. User, A History of Mechanical Inventions
S.C. Gilfilan, The Sociology of Inventions
[and] Inventing the Ship

Industrial Growth

V.S. Clark, The History of Manufactures in the U.S., Vols. I, II
R.M. Tryon, Household Manufacture in the U.S., 1640-1860
A.H. Cole, American Wool Manufacture, 2 vols.
C.F. Ware, The Early New England Cotton Manufacture
M.T. Parker, Lowell, A Study in Industrial Development
V. Schlakman, Economic History of a Factory Town
C.M. Green, Holyoke, Massachusetts
J.R. Commons, History of Labor in the U.S., Vols. I, II
N.J. Ware, The Industrial Worker, 2 vols.

Business Organization and Government Policy

Cochran and Miller, The Age of Enterprise
Oscar Handlin, Commonwealth: Massachusetts 1774-1861
Louis Hartz, Economic Policy and Democratic Thought
W.J. Lane, Cornelius Vanderbilt
Sidney Ratner, Social History of American Taxation
F.W. Taussig, Tariff History of the U.S.
J.S. Davis, Essays in the Earlier History of American Corporations, 2 vols.
J.W. Cadman, Jr., The Corporation in New Jersey: Business and Politics, 1791-1875

Role of Capital and Economic Growth

N.J. Silverling, The Dynamics of Business
W.B. Smith and A.H. Cole, Fluctuations in American Business, 1790-1860
L.H. Jenks, The Migration of British Capital to 1875
G.W. Van Vleck, The Panic of 1857
R.G. McGrane, Foreign Bondholders and American State Debts
R.A. Foulke, The Sinews of American Commerce

Money and Banking

M.S. Myers, The New York Money Market, Vol. I
D.R. Dewey, State Banking before the Civil War
R.A. Lester, Monetary Experiments
E.R. Tauss, Central Banking Functions of the Treasury
H.E. Miller, Banking Theories in the US. before 1860
A.B. Hepburn, A History of Coinage and Currency in the U.S.
R.C.H. Catterall, The Second Bank of the U.S., 2 vols.
N.S.B. Gras, The Massachusetts First National Bank of Boston, 1784-1934

Agricultural Expansion

L.B. Schmidt and Ross, Readings in the Economic History of American Agriculture
Bidwell and Falconer, History of Agriculture in the Northern States, 1620-1860
L.C. Gray, History of Agriculture in the Southern U.S. to 1860
E.E. Edwards, American Agriculture—the First 300 Years in Yearbook of Agriculture, 1940
A.W. Griswold, Farming and Democracy

The Social Impact of Economic Change

Joseph Dorfman, The Economic Mind in American Civilization
C.M. Green, Holyoke, Massachusetts
Oscar Handlin, Boston’s Immigrants
R.R. Russell, The Economic Aspects of Southern Sectionalism
P.S. Foner, Business and Slavery
T.D. Clark, Pills, Petticoats and Plows: The Southern Country Store

1880’s — 1940’s

Population

M.L. Hansen, The Immigrant in American History
Carter Goodrich and Associates, Migration and Economic Opportunity
National Resources Com., The Problems of a Changing Population

Land Policy

R.M. Robbins, Our Landed Heritage
B. H. Hibbard, A History of Public Land Policies

Transportation

Sidney L. Miller, Inland Transportation
Stuart Daggett, Railroad Reorganization
J.I. Bogen, The Anthracite Roads
J.E. Otterson, Foreign Trade and Shipping
W.Z. Ripley, Railroads: Rates and Regulation
W.Z. Ripley, Railroads: Finance and Organization
U.S. National Resources Planning Board, Transportation and National Policy, Part II, Section 1, Air Transport
K.T. Healy, The Economics of Transportation in America
C.E. Puffin, Air Transportation, 1941

Technological Progress

L.L. Corwin, TNEC Monograph 22, Technology in Our Economy
Harry Jerome, Mechanization in Industry
National Resources Planning Committee, Technological Trends and National Policy
N.R. Danielian, A.T.&T.
Holland Thompson, The Age of Invention
A.A. Bright, The Electric Lamp Industry
W.R. MacLaurin, Innovation and Invention in the Radio Industry

Industrial Growth

Solomon Fabricant, The Output of Manufacturing Industries
Ralph Epstein, The Automobile Industry
Rudolph Clemen, The American Livestock and Meat Industry
Victor Clark, History of Manufactures in the U.S., Vols. II, III
G.E. McLaughlin, Growth of Manufacturing Areas
H. Barger and S. Schwartz, The Mining Industries, 1899-1939
J.B. Walker, Epic of American Industry
Pearce Davis, Development of the Glass Industry
D.H. Wallace, Market Control of the Aluminum Industry
P.A. Rickard, A History of American Mining

Money and Banking

Margaret Myers, The New York Money Market
G.H. Edwards, The Evolution of Finance Capitalism
National Industrial Conference Board, The Banking Situation in the U.S., 1932
W.Z. Ripley, Main Street and Wall Street
W.C. Mitchell, History of Greenbacks
E.R. Tauss, Central Banking Functions of the Treasury
H.E. Miller, Banking Theories in the U.S. before 1860
A.D. Noyes, Forty Years of American Finance
B.U. Ratchford, American State Debts
W.G. Schultz and M.R. Caine, Financial Development of the U.S.

Income and Economic Growth

Simon Kuznets, National Income: A Summary of Findings
Colin Clark, The Conditions of Economic Progress
N.J. Silberling, The Dynamics of Business
National Industrial Conference Board, Studies in Enterprise and Social Progress
TNEC Monograph 37, Saving, Investment, and National Income
TNEC Monograph 12, Profits, Productive Activities and New Investment
Report of the Committee on Recent Economic Changes in U.S., 2 Vols, 1929

Agriculture

L.B. Schmidt and E.D. Ross, Readings in the Economic History of American Agriculture
U.S. Dept. of Agriculture, 1940 Yearbook of Agriculture
U.S. Dept. of Agriculture, 1940 Yearbook of Agriculture
Fred Shannon, The Farmer’s Last Frontier
H. Barger, and H.H. Landsbert, American Agriculture 1899-1939
R.P. Brooks, The Agrarian Revolution in Georgia 1865-1912
J.D. Black, Agricultural Reform in the U.S.
A.W. Griswold, Farming and Democracy
Geoffrey Shepherd, Marketing Farm Products

Labor

J.R. Commons, etc., History of Labor in the U.S., Vols III, IV, 1935
L.L. Lorwin, The American Federation of Labor
C.E. Bonnett, Employer’s Associations in the U.S., 1922
H. Millis and R. Montgomery, The Economics of Labor, 3 vols, 1945
Slichter, Union Policies and Industrial Management
Samuel Gompers, Seventy Years of Life and Labor, 1925
E.W. Bakke, The Unemployed Worker
P.F. Brissenden, The I.W.W., A Study in American Syndicalism

Business Organization and Government Policy

H.R. Seager and C.A. Gulick, Trust and Corporation Problems, 1929
M.W. Watkins, Industrial Concentration and Public Policy
A.H. Burns, The Decline of Competition, 1936
R.W. Brady, Business as a System of Power, 1941
B.H. Williams, The Economic Foreign Policy of the U.S.
F.W. Taussig, Tariff History of the U.S.
Keith Sward, The Legend of Henry Ford
A.T. Mason, Brandeis and the Modern State
A. Nevins, J.D. Rockefeller

The Social Impact of Economic Change

T.C. Cochran and W. Miller, The Age of Enterprise
Economic Growth, Journal of Economic History, Supplement to Vol. VII, 1948
T.W. Arnold, The Folklore of Capitalism, 1937
L.D. Brandeis, Other People’s Money, 1914
C.D. Thompson, Confessions of the Power Trust, 1932
R.S. and H.M. Lynd, Middletown, 1929; and Middletown in Transition, 1937
James West, Plainville, U.S.A., 1945
George Soule, Prosperity Decade, 1947
Broadus Mitchell, Depression Decade, 1947
A.M. Schlesinger, The Rise of the City
Ida Tarbell, The Nationalizing of Business, 1878-1898
H.U. Faulkner, The Quest for Social Justice, 1898-1914

Source: Harvard University Archives. Syllabi, course outlines and reading lists in Economics, 1895-2003. (HUC 8522.2.1) Box 4, Folder “Economics, 1949-1950 (2 of 3)”.

____________________________

Economics 136
Spring term
Required reading list — 1950-51

A textbook is used in this course to provide a comprehensive historical survey complementary to the more topically organized lectures. Each student will normally buy, along with other books marked with an asterisk below, one of the following texts:

Recommended for general undergraduate use:

Kirkland, E.C., A History of American Economic Life, Rev. Ed. (Crofts)

Recommended for graduate students and undergraduates seeking a more advanced text:

Williamson, H.F., The Growth of the American Economy (Prentice Hall)
Historical Statistics of the United States, 1789-1945 (Govt Printing Office)

Reading assignments up to the Hour Test (tentatively March 21)

Text: Kirkland, Chs. IV-XI or equivalent in Williamson (approximately the first half)

[Final] Reading Period Assignment
May 7-May 26, 1951

Economics 136:

J. A. Schumpeter, Capitalism, Socialism and Democracy. Preface to the Second Edition and Parts II and III
H. C. Simons, Economic Policy for a Free Society, Chapters I and II

Source: Harvard University Archives. Syllabi, course outlines and reading lists in Economics, 1895-2003. (HUC 8522.2.1) Box 5, Folder “Economics, 1950-1951 (1 of 3)”.

Image Source: John Edwards Sawyers in 1970.

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Economists Exam Questions Suggested Reading Syllabus Williams

Williams College. Joan Robinson’s (last) course reading list, 1982

Post author By Irwin Collier
Post date 2017-03-11

After a glorious three week archive/library tour that has taken me from the Library of Congress in Washington to the Harvard Archives to the John F. Kennedy Presidential Library to the Johns Hopkins Archives and back to the Library of Congress, I have time before my flight back to Berlin for a post.

Less than a year before her death, Joan Robinson taught at Williams College in the Autumn/Winter of 1982. Her lectures at Williams were attended by a former colleague of mine from the University of Houston, Dr. D. Andrew Austin, now at the Library of Congress. Andrew shared with me the reading list for her lectures “Problems in Economic Analysis” along with a list of questions for a paper/take-home (exam).

Robinson’s chosen readings are taken from her books:

Economic Heresies: Some Old-fashioned Questions in Economic Theory. London: Macmillan, 1971.
Contributions to Modern Economics. Oxford: Basil Blackwell, 1978.
Aspects of Development and Underdevelopment. New York: Cambridge University Press, 1979.
Collected Economic Papers (5 vols.). Oxford: Basil Blackwell, 1951-79; reprinted by MIT Press in 1980.
What are the Questions? An Other Essays: Further Contributions to Modern Economics. Armonk, N.Y.: M. E. Sharpe, 1981.

_________________________

Professor Joan Robinson

PROBLEMS IN ECONOMIC ANALYSIS
[Williams College, 1982]

OUTLINE OF TOPICS AND REFERENCES

Economics: Ideas and Ideology
“Marx, Marshall, and Keynes” (Contributions to Modern Economics, Ch. 7)
“Economics Today” (Collected Economic Papers, Vol. 4, p. 122-127)
“The Second Crisis of Economic Theory” (Collected Papers, 4, Ch. 10)
What are the Questions?
“What are the Questions?” (Further Contributions, Ch. 1)
“The Age of Growth” (Further Contributions, Ch. 2)
“Stagflation” (Further Contributions, Ch. 3)
and 4. Effective Demand and Employment
“Prices and Money” (Economic Heresies, Ch. 6)
“Obstacles to Full Employment” (Contributions, Ch. 3)
“The Rate of Interest” (Contributions, Ch. 5)
Prices
“The Philosophy of Prices” (Contributions, Ch. 14)
“Imperfect Competition Revisited” (Contributions, Ch. 15)
“The Theory of Value Reconsidered” (Contributions, Ch. 16)
“The Theory of the Firm” (Economic Heresies, Ch. 7)
Capital, Distribution, and Growth
“The Meaning of Capital” (Contributions, Ch. 11)
“Marginal Productivity” (Collected Papers, Vol. 4, Ch. 14)
“Interest and Profit” (Economic Heresies, Ch. 3)
“Surplus and Accumulation” (Aspects of Development & Underdevelopment, Ch. 2)
International Trade
“Beggar-My-Neighbour Remedies for Unemployment” (Contributions, Ch. 17)
“The New Mercantilism” (Contributions, Ch. 18)
“Trade in Primary Commodities” (Aspects of Development, Ch. 4)
Economic Development
“The Poverty of Nations” (Collected Papers, Vol. 4, Ch. 11)
Aspects of Development and Underdevelopment
Capitalism and Socialism
“Latter-Day Capitalism” (Contributions, Ch. 21)
“Has Capitalism Changed” (Contributions, Ch. 20)
“Socialist Affluence” (Contributions, Ch. 22)

Econ. 353 Paper/Take Home
Professor Joan Robinson

Do the following three questions:

Experience in the 1980s seems to be fulfilling Kalecki’s prediction of a political trade cycle. Comment.
a) Explain Keynes’ theory of employment.
b) Keynes failed to make clear whether this theory was intended to apply to a closed or open economy. Does it matter? Why or why not?
What is the meaning of capital as a factor of production?

Choose one of the following two questions:

The orthodox doctrines of economics which were dominant in the last quarter of the nineteenth century had a clear message. They supported laisser faire, free trade, the gold standard, and the universally advantageous effects of the pursuit of profit by competitive private enterprise. This was acceptable to the authorities in an expanding and flourishing capitalist world, especially to the authorities in England, which was still felt to be the dominant center and chief beneficiary of the system. Comment.
The so-called Quantity Theory of Money consists in mistaking a symptom for a cause. Comment.

Source: Copy provided to Economics in the Rear-view Mirror by D. Andrew Austin of the Library of Congress, Washington, D.C.

Image Source: Joan Robinson at Williams College, Fall 1982 in Joan Robinson and the Americans by Marjorie Shephard Turner, p. 112 (ebook price: $9.99). Published by M. E. Sharpe , 1989.

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The History of Economic and Political Studies in Williams College

From the Williams College Yearbook

CHARLES JESSE BULLOCK, Ph.D., Assistant Professor of Political Science.

Course Announcements

Course Enrollments

Course Descriptions

Final Examinations

ECONOMICS 7a FINANCIAL ADMINISTRATION

ECONOMICS 7b TAXATION

Ph.D. 1931

Donald Holmes Wallace (1903-1953)

Courses of Study in Political Economy in the United States in 1876 and in 1892-93.

Contributions to American Educational History, edited by Herbert B. Adams

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Arthur Latham Perry’s expression of gratitude to Samuel Bowles Preface to Elements of Political Economy (4th ed.)

Charles Allen Bowles, Grandfather (b. 19 Dec 1861; d. 14 Nov 1933) & Chester Bliss Bowles, Father of economist Samuel Stebbins Bowles (b. 5 Apr, 1901; d. 25 May 1986)

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Charles A. Bowles House, 81 Mulberry Street, Springfield, MA, ca. 1938-39.

Harvard Ph.Ds discussed

Carbon copy Possible candidates for Charles Frederick Remer successor at Williams College

Carbon copy Possible candidates for position at St. Lawrence University

Possible candidate for position at the Wharton School, University of Pennsylvania

Possible candidate for position at the Wharton School, University of Pennsylvania (cont.)

Sawyer, John Edward (1917-1995) Williams College President 1961-1973 By Prof. J. Hodge Markgraf (Williams Class of 1952)

Course Announcement

Course Enrollment [1949-50]

1949-50 Economics 136

Undergraduate Papers

1800 – 1880’s

1880’s — 1940’s

Economics 136 Spring term Required reading list — 1950-51

[Final] Reading Period Assignment May 7-May 26, 1951

Professor Joan Robinson

PROBLEMS IN ECONOMIC ANALYSIS [Williams College, 1982]

OUTLINE OF TOPICS AND REFERENCES

Econ. 353 Paper/Take Home Professor Joan Robinson

Other Williams College
Related Posts

The History of Economic and Political Studies
in Williams College

CHARLES JESSE BULLOCK, Ph.D.,
Assistant Professor of Political Science.

ECONOMICS 7a
FINANCIAL ADMINISTRATION

ECONOMICS 7b
TAXATION

Donald Holmes Wallace
(1903-1953)

Perry, Arthur Latham (1830-1905)
By Patrick J. McCurdy (Class of 2002)

Arthur Latham Perry
Links to Editions of his Three Text-books in Political Economy

Arthur Latham Perry, LL.D.
Orrin Sage Professor of History and Political Economy in Williams College

PREFACE
14^th edition (1877) of Elements of Political Economy

Arthur Latham Perry, LL.D.
Orrin Sage Professor of History and Political Economy in Williams College

PREFACE.
Principles of Political Economy (1891)

Samuel Bowles, Great-Grandfather of economist Samuel Stebbins Bowles
(b. 9 Feb 1826; d. 16 Jan 1878)

Arthur Latham Perry’s expression of gratitude to Samuel Bowles
Preface to Elements of Political Economy (4th ed.)

Charles Allen Bowles, Grandfather
(b. 19 Dec 1861; d. 14 Nov 1933)
&
Chester Bliss Bowles, Father of economist Samuel Stebbins Bowles
(b. 5 Apr, 1901; d. 25 May 1986)

Carbon copy
Possible candidates for Charles Frederick Remer successor at Williams College

Carbon copy
Possible candidates for position at St. Lawrence University

Sawyer, John Edward (1917-1995)
Williams College President 1961-1973
By Prof. J. Hodge Markgraf (Williams Class of 1952)

Course Enrollment
[1949-50]

1949-50
Economics 136

Economics 136
Spring term
Required reading list — 1950-51

[Final] Reading Period Assignment
May 7-May 26, 1951

PROBLEMS IN ECONOMIC ANALYSIS
[Williams College, 1982]

Econ. 353 Paper/Take Home
Professor Joan Robinson