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Harvard. Political Economy Examination for Women, 1878

 

The motivation behind the examinations offered by Harvard University to women (beginning in 1874) was “to afford persons desirous of becoming teachers in schools such a diploma of competency for their task as would be received on all hands with respect, and, further, to promote a higher standard of attainments in the private schools attended by the wealthier classes, by thus securing them thoroughly qualified teachers.” However, it was understood that “the preparation for these examinations [was not] equivalent to a course in Harvard, or other first-class colleges, and that they did not place the same value on a Harvard diploma and a Harvard certificate.”

The Harvard 1874 Advanced Examination in Political Economy for Women was previously posted.

The examination was based on Henry Fawcett’s “Manual of Political Economy” [1874] and Jérôme-Adolphe Blanqui’s “Histoire de l’Économie Politique en Europe.” [4e èd. Rev. et annot. (1860). Tome Premier; Tome Second]

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POLITICAL ECONOMY.
FAWCETT.

  1. Distinguish productive labor and productive consumption from unproductive. Are “useful” and “productive” convertible terms in political economy?
  2. What is capital? How does the popular use of the term differ from its scientific use? When Macleod contends that “credit is capital,” what is the real point of difference between him and other writers
  3. What causes determine the prices of manufactured commodities, temporarily and in the long run? How do the causes which determine the prices of agricultural commodities differ from the above?
  4. 1What determines the value of money? 2How far does it receive value from being coined and made a legal tender? 3What determines the value of inconvertible paper? 4Does it receive value from being made a legal tender? 5When a legal tender, is its value affected by the greater or less chance of its being paid off?
  5. Explain carefully Ricardo’s theory of rent, showing under what conditions rent can be an element of price, and explaining the application of the theory to a country like the United States, where the cultivators, as a rule, own the land.
  6. What causes the observed tendency of profits to fall as a country advances in age, wealth, and population?
  7. State the general principles which determine the exchange of commodities between two countries. How and why does this international trade differ from domestic trade?
  8. Why do the exports of India regularly exceed her imports, and the exports of the British Islands fall short of their imports? How are these facts to be reconciled with the general principle that the exports of a country must balance its imports?
  9. The United States being a gold-producing country, would exchange on Europe, when commerce is in its normal condition, be “in our favor,” against us, or at par? Why? Would this state of things be for our disadvantage or not?
  10. When a building, e. g., a store, is built on valuable ground and a tax is laid as usual on the total value, what will be the incidence of the tax? Will it have this incidence at once, or in the long run? Suppose the premises are held under a lease for a term of years?
  11. If a tax were laid at a uniform rate on all property of every description, would it meet the requirements of Adam Smith’s first rule?
  12. If a government has a large expenditure to make (1) in some productive enterprise, or (2) for some unproductive purpose, is it better that the amount should be raised at once by taxation, or by loan?

 

BLANQUI.

  1. Contrast the system on which the Bank of Amsterdam and the Bank of England were respectively established.
  2. What was the English act of navigation? When and why was it passed? What position do Adam Smith and J. S. Mill take as to its expediency?
  3. When did the “French Economists” flourish, and what were the distinctive characteristics of that school?
  4. Give what account you can of Turgot and his reforms.
  5. What was “the continental blockade,” and what were its economic effects, both before and after the declaration of peace?
  6. Under what circumstances was Malthus led to write his Essay on Population?
  7. What contribution did J. B. Say make, or what service did he render, to economic science?
  8. Give what account you can of the socialist system of St. Simon.
  9. What share had Ricardo, Mill, and Cairnes, respectively, in the development of the system of political economy, and in what relations do they stand to each other as writers developing the same subject?

 

Source: Harvard University Archives. Harvard University, Examination papers, 1873-1915 (HUC 7000.25), Box 2. Bound volume: Examination Papers 1878-79. Harvard University Examinations. Papers Used at the Examinations for Women held at Cambridge, New York, Philadelphia, and Cincinnati, May 29 to June 6, 1878. Cambridge, Mass., 1878, pp. 42-44.

 

Image Sources:

Henry Fawcett (left) The University of Glasgow Story website; Jérôme-Adolphe Blanqui (right): Austrian National Library. Website Bildarchiv Austria.