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Barnard Columbia Economists Gender Vassar

Columbia. Economics Ph.D. Alumna, Margaret Good Myers (Beckhart), 1931

I feel as though some apology is due Vassar College from Economics in the Rear-view Mirror for having filed this post under Columbia University, the alma mater for Margaret Good Myers’ 1931 Ph.D. in economics. She did teach thirty years at Vassar College after all. I’ll use my pang of guilt as an opportunity to remind visitors that the focus of Economics in the Rear-view Mirror is the history of undergraduate and graduate economics education, so tagging economists to the institutions where they received their training makes sense as principle for ordering the artifacts transcribed and posted. While the where and how of any particular economist ending their performance on the stage of economics will matter for the biographer, we are taking the opposite perspective of the young economist beginning the performance of their lifetime.

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For more on economics @ Vassar

Shirley Johnson-Lans, “The History of Economics at Vassar College” (Feb. 2011).

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Margaret Good Myers (Beckhart)

1899. Born April 3 in Fremont, Ohio to Philetus ‘Leet’ Blanser and Katherine Mary Mangold Myers.

1920. A.B. Barnard College

1921. Married Benjamin Haggott Beckhart (1897-1975). One son.

1922. M.A. Columbia University

1920-22. Statistician, Federal Reserve Bank of N.Y.

1922. Monthly Production of Pig Iron, 1884-1903. Journal of the American Statistical Association 18 (June): 247-9.

1923-25. Director of Statistics, East Harlem Nursing and Health Demonstration

1926-30. Research consultant for the Council of Research in the Social Sciences of Columbia university

1931. Ph.D. Columbia University. Thesis: The New York Money Market, Vol. I: Origins and Development. Published by Columbia University Press.

1931-32. Fellow, Social Science Research Council. Research in economics at the Faculté de Droit of the University of Paris.

1933. Research at University of Vienna.

Research Consultant for the 20th Century Fund [

1934. Begins teaching at Vassar.

1936. Paris as a Financial Center. New York: Columbia University Press.

1940. Monetary Proposals for Social Reform. New York: Columbia University Press. [“Published in celebration of the seventy-fifth anniversary of Vassar College and in honor of Henry Noble MacCracken in the twenty-fifth year of his presidency.”]

1960. Listed in Who’s Who in America.

1964. Retires from teaching at Vassar.

1965 Summer. Visits Moscow, Leningrad, Tashkent, Samarkan, Kharkov and Kiev. Part of second reciprocal program of exchange visits initiated by Nikita Khruschev in 1963.
Source: Vassar Miscellany News, Volume L, Number 12, 15 December 1965, p. 3.

1970. A Financial History of the United States. New York: Columbia University Press.

1988. Died July 11 in Medford, NJ

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‘I had to fight to keep my own name.’
(1978 Interview)

            Margaret Myers, professor emeritus of economics, taught at Vassar from 1934 to 1964. Talking to Professor Myers is like talking to one of the original feminists, a Lucy Stoner.

            “I decided early on to be a feminist and not to be fully dependent on a man for my spending money. My husband fully agreed with me. I wouldn’t have married him if he hadn’t. Some girls are naive about that, not knowing where their future husbands stand on such issues.

            “Girls used to come up to me after class and ask why I didn’t believe in marriage. I’d say I had been married to the same man for thirty years.” Needless to say, the students were surprised for Miss Myers never changed her name. “I have always used my own name. I even vote in my own name, but I had to fight to keep it.”

            Although Professor Myers loved teaching, she felt ready to retire at 65. She had a book underway, A Financial History of the United States, now being translated into Japanese. She was also active locally in the League of Women Voters and in Planned Parenthood.

            “I have been on the Planned Parenthood board through two six-year terms. I feel that birth control is the most important element in social reform. I think that much crime can be traced back to unwanted, unloved, unskilled young people. The Right to Life people should have to pay taxes to support unwanted young children.”

            Miss Myers feels controlling family size might also be a way to reduce the infant death rate. ‘‘lnfant death rate in the United States is shockingly high. Sixteen other, countries have infant death rates lower than ours. But it seems that the idea that women can control their own bodies sends men into an hysterical rage.”

            While an undergraduate at Barnard College, Miss Myers took a course entitled ‘‘Women in Gainful Occupations.” “In that course, we read about women’s wages and women’s jobs in factories. It was the nearest thing to consciousness-raising for me.”

            Miss Myers had wanted to attend Vassar but couldn’t at that time because no financial aid was offered to freshmen. Instead she went to Barnard and met her husband, Haggott Beckhart, in a graduate course in statistics. Miss Myers recalled, “The class was so boring that we had to entertain each other.” In 1921 Miss Myers was married to Mr. Beckhart, then a professor in the Columbia Business School.

            During Myers’s years at Vassar, the Economics Department had an activist orientation, and its members were politically involved. Miss Mabel Newcomer, an economics professor and contemporary of Miss Myers, had been at Bretton Woods on a committee to establish the International Bank for Reconstruction and Development.

            When I met Edna Macmahon at the Bryn Mawr summer school in 1922, we were arrested for strikebreaking in Philadelphia, although we had only been interviewing the strikebreakers. The police were just arresting anyone near the factory.”

            Although she felt that the Economics Department was politically conscious when she came to Vassar, Miss Myers does not remember much of a feminist movement here. She does remember that there were more women on the faculty and in the administration than today. “Presidents McCracken and Blanding were pretty fair-minded about women in the faculty and administration. I don’t think that women felt discriminated against under these two.

            “The Depression was an awful setback for the women’s movement. Since women couldn’t get jobs, they just grabbed onto the nearest man. After World War II, there was a growth of patriotic motherhood. Again, women suffered a setback. Women just married and had children, and didn’t go to graduate schools. These factors made it unusual to be a feminist.”

            While these factors may have made it unusual for other women to be feminists, they never stopped Margaret Myers.

Source: Carla De Landri, “Six emeriti who chose Poughkeepsie,” Vassar Quarterly, Volume LXXIV, Number 3 (March, 1978), p. 31.

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Book reviews by Margaret Good Myers

1930/1. Book Review of “The Labor Banking Movement in the United States” by Princeton University, Industrial Relations Section. Personnel Journal 9: 191-.

1930/1. Book Review of “Robots or Men? A French Workman’s Experience in American Industry” by Dubreuil. Personnel Journal 9: 264-.

1931/2. Book Review of “Cost of Living Studies II. How Workers Spend a Living Wage” by Peixotto. Personnel Journal 10: 67.

1931/2. Book Review of “The Movement of Money and Real Earnings in the United States, 1926-28” by Douglas and Jennison. Personnel Journal 10: 67.

1931/2. Book Review of “The National Income and Its Purchasing Power” by King. Personnel Journal 10: 67.

1932. Book Review of “Le Crédit par acceptation: Paris, centre financier” by Pierre-Benjamin Vigreux. Political Science Quarterly 47: 301-.

1935. Book Review of “Le Crédit” by Louis Baudin. Political Science Quarterly 50: 150-.

1938. Book Review of “La Monnaie et la formation des prix. Partie I: Les Eléments” by Louis Baudin. Political Science Quarterly 53: 310-.

Source: Bibliography from Kirsten K. Madden, Janet A. Seiz and Michèle Pujol, A Bibliography of Female Economic Thought to 1940. Routledge, 2004.

Image Source: Carla De Landri, “Six emeriti who chose Poughkeepsie,” Vassar Quarterly, Volume LXXIV, Number 3 (March, 1978), p. 31.

Categories
Business School Columbia Economists Money and Banking Syllabus

Columbia. Course outline and readings for foreign banking systems. Beckhart, 1939-1940

This post serves double duty as(1) an addition to the series “Meet an Economics Ph.D.”, providing biographical and career information for Benjamin H. Beckhart, and (2) a transcribed syllabus for “Foreign Banking Systems” that was offered jointly by the Columbia University school of business and in the department of economics in the winter term of 1939-40. 

The circumstances surrounding the forced retirement of Beckhart from Columbia at age 65 can be found in the Columbia University archives. Perhaps he was fighting a mandatory retirement age being imposed by the university and/or business school? At least something for someone (else) to check out.

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Benjamin Haggott Beckhart
c.v.

1898. Born in Denver, CO.

1919. A.B. (Phi Beta Kappa) Princeton.

1920. M.A. Columbia.

1924. Ph.D. Columbia.

1920-21. Instructor in economics and social institutions at Princeton.

1921. Married Margaret Good Myers (b. 1899; d. 1988). Columbia economics Ph.D. (1931) and later professor of banking at Vassar (1934-64).

1921-24. Columbia University. Instructor of Banking.

1924-31. Columbia University. Assistant Professor of Banking.

1927-36. Educational supervisor of the New York chapter of the American Institute of Banking.

1931-39. Columbia University. Associate Professor of Banking.

1938-45. Secretary of the board of trustees of the Banking Research Fund of the Association of Reserve City Bankers.

1939-63. Columbia University. Professor of Banking.

1939-49. Director of research for the Chase National Bank.

1948. President of the American Finance Association.

1949-54. Economic consultant to Chase.

1953. Chairman of the Conference of Business Economics.

1954-61. Economic consultant to the Equitable Life Assurance Society.

1957. Visiting professorships at the universities of Melbourne and Sydney

1960. Visiting professorship at the Australian Administrative Staff College

1963. Forced to retire from Columbia.

1964-66. President of the Unitarian Fellowship of Poughkeepsie.

1967. Visiting professorship at Kobe University, Japan.

1968-73. President of the Dutchess Senior Citizens Housing Corp.

1975. Died in Poughkeepsie, N.Y.

Books by Benjamin Haggott Beckhart

The Discount Policy of the Federal Reserve System (1924).

Foreign Banking Systems, co-authored with H. Parker Willis (1929).

The New York Money Market, four volumes (1932‐33).

V. 1. Origins and development, by Margaret G. Myers.
V. 2. Sources and movements of funds, by B.H. Beckhart and J.G. Smith.
V. 3. Uses of funds, by B.H. Beckhart.
V. 4. External and internal relations, by B.H. Beckhart, J.G. Smith and W.A. Brown, Jr.

Banking Systems, editor (1954).

Business Loans of American Commercial Banks (1959).

The Federal Reserve System (1972).

Sources: Obituaries: Poughkeepsie Journal (22 Mar 1975), p. 7. New York Times (22 March 1975), p. 34. Information also in Beckhart’s entry at prabook.com.

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Forced Retirement in 1963

Correspondence, memoranda and reports on the controversy surrounding the forced retirement of Benjamin Beckhart. The collection consists of the files of three Columbia professors involved in the case: Harold Barger, professor of economics and Robert K. Webb, professor of history, who were chairmen of the Columbia chapter of the American Association of University Professors, 1959-1964 and 1964-1965, respectively; and Arthur Robert Burns, professor of economics, a member of the Committee on Conference of the University Council, which advised the President on matters of tenure, dismissal and retirement. Included is the correspondence of Beckhart, Barger, Burns, Webb, President Grayson Kirk, Courtney C. Brown, Dean of the School of Business, Harry M. Jones, professor of law, other Columbia faculty and officials of the national office of the AAUP. The reports and memoranda are chiefly those issued by the Committee on Conference.

Columbia University: Rare Book & Manuscript Library. Benjamin Haggott Beckhart papers, 1959-1965.

From the Class Notes of the Princeton Class of 1919…

“….Haggott Beckart, now retired, has amused himself of late by writing letters to the Wall Street Journal (with his tongue, practically dislocated, in his cheek) on the achievement of prosperity through deficit financing. He was also given a dinner on Feb. 27 in honor of his retirement from the Columbia University faculty by his friends in the academic and financial world.”

Source: Princeton Alumni Weekly (May 3, 1963), p. 24.

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Class announcement

Banking 115—Foreign banking systems. 3 points. Winter Session. Professor Beckhart.
Tu. and Th. at 9. 511 Business.

A comparative study of credit structures and of banking institutions. Emphasis is given to the differences and similarities to be found in the financial organizations of the United States and in those of the foreign countries studied. The types of commercial and investment credit instruments in use, the development of banking institutions, problems relating to branch banking and banking concentration and to governmental control and supervision are given consideration. A study is made of the factors affecting the cash ratios of commercial banks, methods of financing domestic and foreign trade, the nature of bank deposit liabilities, and the character of bank loans and investments. Review is made of the work of governmental and of urban and rural mortgage credit institutions and of the rôle of savings institutions. The changing character of bank assets and liabilities since 1929 is given particular attention.

Source: History, Economics, Public Law, and Social Science. Courses Offered by the Faculty of Political Science for the Winter and Spring Sessions, 1939-1940. Published in the Columbia University  Bulletin of Information (July 8, 1939), p. 40.

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Winter
1939-1940

Foreign Banking Systems
Banking 115

Topical Assignments

  1. The BackgroundTrends in Banking 1925-1933

Commercial Banks — 1925-1933, League of Nations, no. 8-33.

Money and Banking, 1938-1939. League of Nations, Monetary Review, Vol. I, pp. 72-99.

  1. Types of Banking Systems

Foreign Banking Systems, edited by H. Parker Willis and B. H. Beckhart, Chapter 1.

Commercial Banks, 1913-1929, League of Nations, pp. 3-14.

The International Money Markets, by John T. Madden and Marcus Nadler, Chapters 1, 2, 3, 4 and 5.

  1. Bank Incorporation and Organization.

Foreign Banking Systems, pp. 321-323; 1166-1167.

Paris as a Financial Centre, by Margaret G. Myers, op. 100-101.

  1. Bank Examination and Inspection

Foreign Banking Systems, pp. 436-445; 1038-1939.

Allen et al. Commercial Banking Legislation and Control, pp. 3-52.

  1. Bank Mergers and Banking Concentration

Foreign Banking Systems, pp. 325-34, 707-708, 1048-1053, 1162-1165, 1239-1240.

  1. Bank Portfolio Developments

Commercial Bank — 1929-1934, League of Nations, XXXV-XLII.

Money and Banking — 1937-1938, League of Nations, Vol. I, Monetary Review, pp. 37-60.

Money and Banking, 1938-39. League of Nations. Monetary Review. Vol. I, pp. 99-113.

Sayers, Modern Banking, Chapter IX.

Testimony of Mr. Frederick Hyde, Minutes of Evidence Taken Before the Committee on Finance and Industry, 1931, Vol. I, pp. 56-69.

  1. Bank Deposit Fluctuations

Commercial Banks — 1929-1934, League of Nations, pp. VII-XIX, XXX-XXXV.

Money and Banking — 1937-1938, League of Nations, Vol. I. Monetary Review, pp. 61-78.

Sayers, Modern Banking, Chapter X.

  1. Bank Reserves

Commercial Banks — 1913-1929, League of Nations, pp. 49-55.

Commercial Banks — 1929-1934, League of Nations, pp. XLII-XLVI.

  1. The Money Markets and Interest Rate Fluctuations

Commercial Banks —  1929-1934, League of Nations, pp. L-LIV.

Money and Banking — 1935-1936, League of Nations, Vol. I, Monetary Review, pp. 53-59.

Money and Banking, 1936-1937, League of Nations, Monetary Review, Vol. I. pp. 78-110.

  1. The Foreign Exchange Markets

Commercial Banks, 1929-1934, League of Nations, pp. LXI-LXX.

Money and Banking, 1936-1937, League of Nations, Monetary Review, Vol. I. pp. 9-59.

Money and Banking, 1937-1938, League of Nations, Vol. I, Monetary Review, pp. 9-37.

Money and Banking, 1938-1939, League of Nations. Vol. I, Monetary Review, pp. 9-37.

  1. Agricultural Credit Institutions

Foreign Banking Systems, pp. 63-69, 680-690; 1040-1044.

  1. Investment and Intermediate Credit Institutions

Foreign Banking Systems, pp. 1225-1235.

Paris as a Financial Centre, Chapter 6.

  1. State Intervention in Banking

Commercial Banks — 1925-1933, League of Nations, pp. 44-47; 110-121 (with reference to Germany).

Commercial Banks — 1929-1934, League of Nations, pp. 45-51; 103-104.

  1. Recent Banking Legislation

Money and Banking — 1935-1936, League of Nations, Vol. II. Commercial Banks, pp. 27-28; 118-121.

Money and Banking — 1937-1938, League of Nations, Vol. I. Monetary Review, pp. 92-105.

Money and Banking, 1937-1938, League of Nations, Vol. II. Commercial and Central Banks, pp. 30-32; 165-167.

  1. Resume of Banking Systems in Principal Countries

Committee on Finance and Industry, Report, 1931, Part I, Chapter 4.

Paris as a Financial Centre, Chapters 1, 5 and 7.

The International Money Markets, Chapters 14, 15, 16, 18.

Bibliography

Allen, A.M., Cope, S. R., Dork, L.J.H., and Witheridge, H.J, Commercial Banking Legislation and Control. London: Macmillan and Co., 1938.

Madden, John T. and Nadler, Marcus. The International Money Markets. New York: Prentice-Hall, Inc.1935.

Myers, Margaret G. Paris as a Financial Centre. London: P. S. King & Son, Ltd. 1936.

Savers, R.S. Modern Banking, London: Oxford University Press, 1938.

Willis, H. Parker and Beckhart, B.H. Foreign Banking Systems. New York: Henry Holt and. Co., 1929.

Committee on Finance and Industry. Report. London: Printed and Published by His Majesty’s Stationery Office. 1931. (The Macmillan Report)

Minutes of Evidence Taken Before the Committee on Finance and Industry. Volumes I and II. London: Printed and Published by His Majesty’s Stationery Office. 1931.

Memorandum on Commercial Banks, 1913-1929. League of Nations. Geneva.1931.

Commercial Banks, 1925-1933. League of Nations. Geneva. 1934.

Commercial Banks, 1929-1934. League of Nations, Geneva. 1935.

Money and Banking, 1935-1936. Vol, I. Monetary Review, Vol. II. Commercial Banks. Geneva, 1936

Money and Banking, 1936-1937. Vol. I. Monetary Review. Vol, II. Commercial Banks. Geneva. 1937.

Money and Banking, 1937-1938. Vol. I. Monetary Review. Vol. II. Commercial and Central Banks. Geneva, 1938.

Money and Banking, 1938-1939, Vol. I. Monetary Review, Geneva, 1939.

Source: Columbia University Archives. Department of Economics Collection, Box 6, Folder “School of Business Curriculum”.

Image Source: Vassar Chronicle, Volume XV, Number 18 (1 March 1958), p. 3.