The Princeton course “International Economic Policies” was co-taught by Charles R. Whittlesey and Frank W. Fetter in 1934. Biographical material from their respective archival papers guides and the course syllabus are included in this post.
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Frank Whitson Fetter
(1902-1992)
1899, May 22—Born, San Francisco, Calif.
1916—Graduate of Princeton High School, Princeton, NJ
1920 A.B.—Political Science, Swarthmore College (Phi Beta Kappa)
1922 A.M.—Princeton University
1924 A.M.—Harvard University
1926 Ph.D.—Economics, Princeton University
1928-1934—Assistant Professor and Professor of Economics, Princeton University
1929, Jan. 14—Married Elizabeth Pollard (d. 1977)
1934—Member of Commission on Cuban Affairs, organized by the Foreign Policy Association
1934-1948—Associate Professor and Professor of Economics, Haverford College
1937-1938—Guggenheim fellowship (Research on banking in Great Britain)
1939—summer Economist for the Export-Import Bank of Washington
1940—summer Economic Advisor to the Central Bank of Ecuador
1943-1946—Economic Advisor with the Lend-Lease Administration and the Department of State; ten months spent in India
1948-1967—Professor of Economics, Northwestern University
1950—summer Advisor to the International Bank for Reconstruction and Development
1951—summer Advisor to the Department of State, Division of German Affairs, and member of the American Delegation to London for the Preliminary Conference on German Debts
1967-1968—Visiting Haney Professor, Dartmouth College
1978, Apr.—Married Elizabeth Miller Stabler (d. 1985)
1991—Died
Source: Duke University. David M. Rubenstein Rare Book & Manuscript Library. Economists’ Papers Archive. Guide to the Frank Whitson Fetter Papers.
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Charles Raymond Whittlesey
(1900-1979)
Economist, author and educator; B.A., Philomath College, (1921), M.A., American U. of Beirut, (1924) and Ph.D., Princeton U., (1928) [dissertation: Government Control of the Crude Rubber Industry. The Stevensen Plan. Published by Princeton University Press, 1931]; faculty, Princeton U., (1925-1940); faculty, Wharton School, U. of Pennsylvania, (194-1967); chairman, Dept. of Finance, (1945-1952, 1960-1963); economist for Penn Mutual Insurance Co. (1941-1961); specialist in monetary economics and monetary policy.
Source: University of Pennsylvania Archives. Webpage Papers of Charles Raymond Whittlesey, 1928-1974.
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Economics 526. (International Economic Policies.)
– 1934 –
|
Date |
Topic |
Readings |
| Feb. 14 (CRW) | Valorization | Wallace and Edminster, International Control of Raw Materials. (Omit ch. 8 and Appendix). |
| Feb. 21 (CRW) | Valorization | 1. C. R. Whittlesey, The Stevenson Plan, Journal of Political Economy, August 1931, pp. 506-25;
2. Jacob Viner, Control of Raw Materials, Foreign Affairs, July 1926; 3. F. Rowe, Studies in Artificial Control of Raw Materials, #3. Coffee; 4. Senate Document 70, 73d Congress, 1st Session, World Trade Barriers in Relation to American Agriculture, pp. 1-141; 5. T.T.Read, Valorization in the Mineral Industry, Political Science Quarterly, June 1932, pp. 234-241. 6. Department of Commerce, Foreign Combines to Control Prices of Raw Materials, T. 1B. #385, 1926. 7. W. S. Colbertson, Raw Materials and Foodstuffs in the Commercial Policies of Nations, Annals of Am. Acad. of Pol. and Soc. Science, March, 1924. 8. J. Pedersen. Economic Stabilization in Economic Essays in Honour of Gustav Cassel, 1936. 9. Reports by students on various aspects of Valorization. |
| Feb. 28 (FWF) | Foreign Trade Monopolies and Commercial Treaties | 1. E.Lipson, An Introduction to the Economic History of England, vol. 1, ch. 10 (Foreign Trade) vol. 2, pp. 184-315 (Foreign Trade).2. Adam Smith, The Wealth of Nations, Book IV, ch. 6 (Of Treaties of Commerce).3. U.S.Tariff Commission, Reciprocity and Commercial Treaties, pp. 389-450.4. Vernon Seltzer, Did Americans Originate the Conditional Most Favored Nation Clause, Journal of Modern History, Sept. 1933. |
| March 7 (FWF) | Reciprocity | 1. U.S. Tariff Commission, Reciprocity and Commercial Treaties, Conclusions and Recommendations, pp. 9-47.
2. U. S. Tariff Commission, Effects of the Cuban Reciprocity Treaty, Summary and Conclusions, pp. 1-26. 3. W. S. Culbertson, America’s New Commercial Policy, Quarterly Journal of Economics, vol. 38, Feb. 1924, pp. 352-357. 4. League of Nations—Documentation of International Economic Conference of 1927 on “Discriminatory Tariff Classifications” and “European Bargaining Tariffs.” 5. Reports by members of class, on: Canadian Reciprocity, Contingent Duties, Hawaiian Reciprocity, Tariff Bargaining under 1890 Act, Tariff Bargaining under 1897 Act. |
| March 14 (FWF) | Colonial Tariff Policies | 1. U.S. Tariff Commission, Colonial Tariff Policies, pp. 1-78, 571-629.
2. U.S. Tariff Commission, U.S. Philippine Tariff and Trade Relations, pp. 1-52 |
| March 21 (FWF) | British Tariff Policy and Colonial Preference | 1. Dunham, The Anglo-French Treaty of Commerce of 1860, ch. 1.
2. W.J.Ashley, The Tariff Problem, Introduction and ch. 1-6. 3. U.S.Tariff Commission, Colonial Tariff Policies, ch. 12, 13, 18. 4. H.V.Hodson, Before Ottawa, Foreign Affairs, vol. 10, pp. 588-599. 5. J.M.Macdonnell, After the Ottawa Conference, Foreign Affairs, Vol. 11, pp. 331-346. |
| March 28 (CRW) | Dumping | 1. Jacob Viner, Dumping, pp. 1-329.
2. Article on Dumping in Encyclopaedia of Soc. Sci. 3. Sen. Doc. Anti-Dumping Legislation [Perhaps: Emergency Tariff and Antidumping. Hearing before the Committee on Finance, United States Senate, April, 1921] |
| April 11 (CRW) | Quotas and Exchange Control | 1. World Trade Barriers in Relation to American Agriculture, pp. 1-141.
2. E.B.Dietrich, French Import Quotas, American Economic Review, Dec. 1933. 3. C.R.Whittlesey, Exchange Control, American Economic Review, Dec. 1922. |
| April 18 (CRW) | Quotas and Exchange Control | 1. W.H.Beveridge, Tariffs, The Case Examined. ch. 7, 9-18, and Appendix.
2. Economist, Feb. 24, 1934, Clearing Agreements, pp. 405-6. 3. U.S. Bureau of Foreign and Domestic Commerce, T. 1B. #812, Foreign Tariffs and Commercial Policy during 1932. |
| April 25 (FWF) | Bounties and Subsidies | 1. D.G.Barnes, A History of the English Corn Laws, ch. 1-3.
2. Josef Gruzel, Economic Protectionism, pp. 163-179, 200-231. 3. Griffin, The Sugar Industry and Legilation in Europe, Q.J.E., vol. 17, pp. 1-43. 4. F.W.Taussig, The End of the Sugar Bounties, Q.J.E., vol. 18, pp. 130-4. 5. P.T.Cherington, State Bounties and the Beet Sugar Industry, Q.J.E., V. 26, pp. 381-386. 6. League of Nations—Documentation of International Economic Conference, Direct and Indirect Subsidies, pp. 8-22. 7. U.S. Tariff Commission, Preferential Transportation Rates, pp. 9-52 8. Review, pp. 72-84 in World Trade Barriers in Relation to American Agriculture. |
| May 2 (CRW) | Shipping Subsidies | 1. Dunmore, Ship Subsidies.
2. U.S.Shipping Board, History of Shipping Discriminations. 3. Nat. Inds. Conf. Bd: Amer. Merchant Marine Problem. Omit chs. 2-6. 4. Grovenor M. Jones: Government Aid to Merchant Shipping, pp. 7-29; 257-84; 427-68. |
| May 9 (FWF) | Control of Foreign Investments | 1. Herbert Feis, Europe, the World’s Banker. ch. 1-6.
2. L.H.Jenks, The Migration of British Capital to 1875. ch. 9. 3. T.E.Gregory, Foreign Investments and British Public Opinion, in Foreign Investments, by Cassell and others, pp. 97-119. 4. Carter Glass, Government Supervision of Foreign Loans, Proceedings of The American Academy of Political Science, vol. xii, Jan. 1928, pp. 843-849. 5. Charles P. Howland, Our Repudiated State Debts, Foreign Affairs, vol. 6, April 1928, pp. 395-407. 6. John Foster Dulles, Our Foreign Loan Policy, Foreign Affairs, vol. 5, Oct. 1926, pp. 33-48. |
| May 16 (FWF and CRW) | Present Day American Commercial Policy | 1. U.S. Tariff Commission, Methods of Valuation, pp. 1-43.
2. U.S.Tariff Commission, Regulation of Tariffs by Administrative Action, Passim. 3. Report of Ways and Means Committee on Reciprocal Trade Agreements Bill (House Report 1000, 72d Congress, 2d Session). 4. Reciprocal Trade Agreements, Hearings before Ways and Means Committee on H.R. 8430. a. Testimonies of Hull, pp. 1-45 b. Testimonies of Dickinson, pp. 183-227. c. Testimonies of Sayre, 293-319, 333-382, 387-389. d. Letters, pp. 282-286. |
Source: Duke University. David M. Rubenstein Rare Book & Manuscript Library. Economists’ Papers Archive. Frank Whitson Fetter Papers, Box 55, Folder “Teaching Ec 526 International Economic Policies (Princeton University)”.
Image Sources: Frank W. Fetter (left) (ca. 1937) John Simon Guggenheim Memorial Foundation; Charles R. Whittlesey (right), Princeton Yearbook, Bric-a-Brac, 1939