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Economists Harvard

Harvard. Life of accounting professor William Morse Cole, A.M. 1896

 

In preparing the previous post, “Harvard final exams in political economy and ethics of social reform, 1889-1890“, I saw that the Harvard Business School accounting professor, William Morse Cole, got his professional start in the department of political economy as Frank Taussig’s side-kick for Political Economy 1, the principles course of its time. Answering the call of due diligence, I decided to put together a biographical post on the man. To be honest, I did not feel at all inspired about the prospect of checking out the career of this early Harvard Business School professor. While I confess to loving national income and product accounts (and especially deflating them with theoretically appropriate price indexes), I’ve never warmed to the nuts-and-bolts of actual economic accounting. Literally, go figure. Still, I overcame my nasty prejudice enough to track down Professor Cole and so we “Meet a Harvard A.M. alumnus…”

Cole wrote a battery of accounting textbooks that one could logically expect from a professor of accounting. These are listed below with links. Three other books by Cole were definitely composed outside his accounting lane. Cole’s first book was a romance written under a pseudonym, his mid-life tome “An American Hope” offered his readers a series of meaning-of-life reflections, and towards the end of his career he even published a high-school elementary economics textbook (encouraged by no less a mover-shaker in the economics profession than Richard Ely).

 

_________________________

Harvard University, in memoriam

WILLIAM MORSE COLE, Professor of Accounting, Emeritus, died December 15, 1960, in his ninety-fifth year. A graduate of Harvard College in 1890, Mr. Cole first offered a non-credit course in accounting in the Department of Economics in 1900-01 as a vocational aid for seniors. Five years later the course achieved credit status, and when the Business School was founded in 1908, Mr. Cole became an Assistant Professor there and teacher of one of the first required courses. He was made a full Professor in 1916 and continued to teach accounting until his retirement in 1933. A highly respected teacher known for his strict intellectual discipline, he was the originator of one of the major types of accounting statements, the “source and application of funds statement,” used extensively by professional accountants, and his books on accounting were highly regarded. A gracious and thoughtful person, he continued alert and interested in Harvard affairs until his death.

Source: Harvard University. Report of the President of Harvard College, 1959-1960, p. 26.

_________________________

Life of William Morse Cole in Dates

1866. Born February 10 in Boston, Massachusetts.

Family moved to Portland, Maine. High school and Portland Business College.

1890. A.B. Harvard College

1890-93. Instructor in political economy, Harvard College.

1894-95. Secretary, Massachusetts Commission on Unemployed.

1896. A.M. Harvard.

1896-98. American University Extension Society, Lecturer.

1898-1901. High school teacher of English literature and composition in Fall River, Massachusetts.

1900-08. Harvard Instructor in Principles of Accounting.

1901-08. High School teacher of English literature and composition at South High School, Worcester, Massachusetts.

1908-13. Assistant Professor, Harvard Business School.

1913-16. Associate Professor, Harvard Business School.

1917-1919. Served twenty months as captain in the Quartermaster Corps.

1916-1933. Professor of Accounting, Harvard Business School.

1931. Visiting Instructor at University of California, Berkeley Summer Session.

1933. Professor Emeritus of Accounting, Harvard.

1960. Died December 15 at age 94 in New Britain, Connecticut.

Sources:

William Morse Cole” in John J. Kahle, American Accountants and Their Contributions to Accounting Thought, (Reprinted Routledge).
University of California. Intersession and Summer Session 1931 at Berkeley (1931), p. 4.
Harvard Business School Yearbook 1924-25, p. 13.
Harvard University. Report of the President of Harvard College, 1959-1960, p. 26.

_________________________

Life of William Morse Cole in Books

1895. An Old Man’s Romance, a Tale. (Pseudonym “Christopher Craigie”). Boston: Copeland and Day.

1908. Accounts. Their Construction and Interpretation for Business Men and Students of Affairs. Boston: Houghton Mifflin Company.

“The first issue of this book was brought out at a time when no general, non -technical, non-professional treatise on accounting had been published . The author had then been giving for eight years a course of instruction to seniors in Harvard College on the principles of accounting, and believed that many business men and students of affairs would be interested to see briefly but comprehensively how accounts are constructed and interpreted.”

Revised and enlarged edition, 1915.

1910. Accounting and Auditing. Minneapolis: Cree Publishing Company.

1910. The American Hope. New York: D. Appleton.

“The academic point of view is apt to be out of joint with real life and may be said to be a disease to be gotten rid of at all hazards, but once in a while from academic circles comes forth a book filled with a knowledge of both the real and the ideal. The study of the use of the possessive by Shakspeare or the dative by Virgil has been supplanted by study of life understood and depicted so well by both Shakspeare and Virgil and the result is a book of real worth, as in this book on the American Hope by a Harvard teacher.

‘The fundamental ground of American hope,’ says Mr. Cole, ‘is the prevailing idealism of the American character.’ Not money or things in themselves, but power, life, and the ideal are behind our material development. Business on a large scale is the child of the ideal. The chapter on the power of choice is a pretty exposition of the responsibility of the irresponsible, and, like all essays concerning the freedom of the will, finds an escape from both heredity and surroundings by the pursuit of truth and life. The marriage tie is a great spring of progress and the ideal is brought out quite strongly. ‘It is doubtless true that if the only marriages contracted were those classed in this chapter as perfect, the marriage rate would decline rapidly. This might not be a calamity. Few parts of the world are today suffering from lack of population. What the world needs is not at all more people, but more people begotten and trained In ideal conditions.’

The Training of Powers, The Fraternal Bond, The Still, Small Voice, The Will of the Community and the Attitude Toward Life are the titles of various chapters and a reflection of the character of the book. Economic Freedom is discussed in a separate chapter and the root of progress is clearly brought out. The pressure of population on subsistence, thrift, sobriety, and industry are discussed. Civilisation in every one of its aspects is a struggle against the animal instincts.’ The book is a thoroughly readable one from beginning to end and it is not too high praise to say that it is a rare one.”  Boston Evening Transcript, 22 June 1910, p. 22.

1913. Cost Accounting for Institutions. New York: Ronald Press Company.

1914. Bookkeeping, Accounting and Auditing. Racine: National Institute of Business.

1915. Problems in the Principles of Accounting. Cambridge, Massachusetts: Harvard University Press.

“These problems have been designed for use with the author’s Accounts: Their Construction and Interpretation, published by Houghton Mifflin Company, of Boston.”

1921. The Fundamentals of Accounting. With the collaboration of Anne Elizabeth Geddes, A.B. Boston: Houghton Mifflin.

1926. Economic Success. New York: Macmillan.

“This book is an attempt to present fundamental economic principles in form and content comprehensible by young people of the age of the highest grades in elementary and intermediate schools.” Thanks Richard T. Ely “for the original suggestion that this book be written, and for helpful criticism both of its proposed content and of the form which the manuscript took.” (p. xii).

Image Source: Harvard Class Album 1916.

Categories
Exam Questions Harvard

Harvard. Exams for Political Economy Courses and Ethics of Social Questions, 1890-1891

 

With the academic year 1890-91, a new instructor joined the Harvard political economy team, William Morse Cole who co-taught Political Economy 1 with Frank Taussig and  Political Economy 8, History of Financial Legislation in the United States. Cole went on to have a successful career as professor of accounting at Harvard Business School. 

The previous year’s exams have been transcribed and posted earlier:

Harvard. Final exams in political economy and ethics of social reform, 1889-1890

_________________________

1890-1891. Philosophy 14.

Enrollment

[Philosophy] 11. Professor F. G. Peabody. — The Ethics of Social Questions. — The questions of Charity, Divorce, the Indians, Temperance, and the various phases of the Labor Question (Socialism, Communism, Arbitration, Cooperation, etc.), as questions of practical Ethics. — Lectures, essays, and practical observations. 3 hours.

Total 103: 4 Graduates, 53 Senior, 28 Juniors, 4 Sophomores, 3 Freshmen, 11 Others.

Source: Harvard University. Annual Report of the President of Harvard College 1890-1891, p. 57.

 

 

PHILOSOPHY 14.
THE ETHICS OF THE SOCIAL QUESTIONS.
Mid-year examination (1890-91)

[Omit one question.]

  1. The attitude of political economy toward the questions of social reform.
  2. Consider the possible relations in which your own life may stand to the life of society, and their ethical significance.
  3. Examine a special case of moral heroism and state what, in your opinion, was its motive.
  4. What, according to Professor Sumner, are the duties toward others of “a free man in a free democracy”? Why? And with what result, in your opinion, to society?
  5. Enumerate and illustrate some of the practical rules of good charity which issue from the philosophy of charity.
  6. The relation of the labor question in France and England to the political history of those countries.
  7. Compare the conditions of wealth and the possibilities of revolution in England and in this country.
  8. Consider Carlyle’s doctrine of the “Captain of Industry” as a solution of the modern labor question.
  9. What does Ruskin mean by: Roots of honor; veins of purple; non-competitive just exchange; ad valorem?
  10. What is there in religion which encourages the Socialist and what is there which repels him, and what relation between socialism and religion is, in your judgment, likely to be the result?

 

Source: Harvard University Archives. Harvard University, Mid-year examinations, 1852-1943. Box 2. From bound volume Examination Papers, 1890-91.

 

 

 

PHILOSOPHY 14.
THE ETHICS OF THE SOCIAL QUESTIONS.
Year-end examination (June 1891)

[Omit one question.]

  1. “All wealth is due to labor; therefore to labor all wealth is due.” What, in your opinion, is the economic importance, and the justice, of this proposition?
  2. Compare the views of the Socialist, the Individualist and the “Opportunist” as to the tendency toward State interference. What is your own view of the merits of this kind of legislation?
  3. “Well may Prince Bismarck display leanings toward State Socialism.” Why does Mr. Spencer make this remark, and with what justice?
  4. On what principle would a Professor be paid, under the Socialist programme?
  5. Consider the commercial advantages and hindrances of an establishment like the Hebden Bridge Fustian Mill.
  6. Compare the principle of profit-sharing formerly used in the American Fisheries with that represented by the firm of Billon et Isaac.
  7. Describe the general features and the main intention of the Dawes Indian Bill; and the supplementary legislation now proposed.
  8. What is meant by the “Philosophy of the Family,” and what is its relation to the modern Divorce Question?
  9. If you should enter the retail liquor business in Boston, what legal restrictions would you find hampering the freedom of your trade?
  10. Apply the doctrine of the “Social Organism” to the question of Temperance.

 

Source: Harvard University Archives. Harvard University, Examination papers, 1873-1915. Box 3.  Papers Set for Final examinations in Philosophy, Political Economy, History, Roman Law, Fine Arts, and Music in Harvard College (June, 1891) in bound volume Examination Papers, Mid-Year 1890-91.

_____________________________

1890-91
POLITICAL ECONOMY 1.

Enrollment.

[Political Economy] 1. Professor [Frank W.] Taussig and Mr. [William Morse] Cole.

First half-year: —

Mill’s Principles of Political Economy. 3 hours

Second half-year: —

Division A (Theoretical): Mill’s Principles of Political Economy. — Cairnes’s Leading Principles of Political Economy. 3 hours.

Division B (Descriptive): Lectures on Finance, Labor and Capital, Coöperation. — Hadley’s Railroad Transportation. —  Laughlin’s Bimetallism. 3 hours.

Total 201:

A: 10 Seniors, 53 Juniors, 50 Sophomores, 2 Freshmen, 19 Others.
B: 12 Seniors, 31 Juniors, 15 Sophomores, 2 Freshmen, 7 Others.

Source: Harvard University. Annual Report of the President of Harvard College 1890-1891, p. 58.

 

Student notes available at the Harvard Archives

Kennedy, Frank Lowell, Notes on lectures by Frank W. Taussig and William M. Cole on Political Economy 1, 1890-1891. Harvard University Archives HUC 8890.371.1

 

1890-91.
POLITICAL ECONOMY 1.
Mid-year examination.

[Divide your time equally between the two parts of the paper.]

I.
[Omit two.]

  1. “Whether men like it or not, the unproductive expenditure of individuals will pro tanto tend to impoverish the community, and only their productive expenditure will enrich it.”
    “It would be a great error to regret the large proportion of the annual produce which in an opulent country goes to supply unproductive consumption.”
    Can you reconcile these two statements of Mill’s?
  2. “Hardly any two dealers in the same trade, even if their commodities are equally good and equally cheap, carry on their business at the same expense, or turn over their capital in the same time. That equal capitals give equal profits, as a general maxim of trade, would be as false as that equal age or size give equal bodily strength, or that equal reading or experience give equal knowledge.” Can you reconcile this statement of Mill’s with the doctrine of the tendency of profits to an equality?
  3. How far is it true that a general rise or fall in wages would not affect values?
  4. Suppose a country having a metallic currency to issue inconvertible paper to one-half the amount of the coin, and trace the effects on prices and on the circulating medium (1) in an isolated country, having no international trade; (2) in a country having international trade.
  5. On the same supposition, trace the effects, in the country having international trade, on the foreign exchanges, on the course of international trade, and on the terms of international exchange.
  6. “If consumers were to save and covert into capital more than a limited portion of their income, and were not to devote to unproductive consumption an amount of means bearing a certain ratio to the capital of the country, the extra accumulation would be merely so much waste, since there would be no market for the commodities which the capital so created would produce.” Is this true?

II.
[Answer all.]

  1. “Capital is not the result of saving; it is not an accumulation. Its nature is that it should be consumed almost as fast as it is produced. … Saving or accumulation would necessarily defeat the end of its existence. How can materials or tools be saved?” Answer the question.
  2. Explain why rent is not an element in the cost of production of the commodity which yields it.
  3. Connect the law of the increase of labor with the law of production from land.
  4. What is the effect of gratuitous education for a profession on the wages of those engaged in it?
  5. Why does the durability of the precious metals give stability to their value?
  6. What are the laws of value applicable to (1) iron ore, (2) watch-springs, (3) wool and mutton, (4) patented bicycles?
  7. How does the rate of interest bear on the price of land and of securities?

Source: Harvard University Archives. Harvard University, Mid-year examinations, 1852-1943. Box 2. From bound volume Examination Papers, 1890-91.

 

POLITICAL ECONOMY 1.
Year-end examination (June 1891)
Division A.

Arrange your answers strictly in the order of the questions.

  1. Wherein is the effect of a change in the demand for commodities on the wages-fund different (1) if competition among laborers is effective? (2) if it is not effective?
  2. On what grounds does Cairnes reach the same conclusions, as to the possible effects of Trades Unions on general wages, for England and for the United States?
  3. Examine Cairnes’s reasoning as to the possibility of maintaining the accumulation of capital in a socialist community.
  4. Why are the wages of women, according to Mill, lower than the wages of men? Accepting Mill’s explanation, what would Cairnes say as to the laws of value applicable to the exchange of the products of women’s labor with the products of men’s labor?
  5. What is the error in saying that high wages make high prices?
  6. “Gold may be cheap, and prices at the same time be low.” Explain.
  7. Is it true that the benefit of foreign trade lies in its affording an outlet for the surplus produce of the community?
  8. Suppose the people of the United States to borrow annually large sums from Europe; and suppose them also to have large interest payments to make on loans contracted in previous years; would you expect our foreign trade to show an excess of imports or of exports?
  9. Mill says that an emission of inconvertible paper money, equal in amount to the specie previously circulating, will drive out the whole of the metallic money; “that is, if paper be issued of as low a denomination as the lowest coin; if not, as much will remain as convenience requires for the smaller payments.” What light is thrown on this statement by the experience of the United States in 1862?
  10. Why did the circumstance that an exceptionally large part of the country’s business was done for cash in the period immediately after the civil war make the time favorable for a speedy contraction of the currency?
  11. Is payment for capital sunk in the soil, rent, or profit?

Division B.

[Arrange your answers strictly in the order of the questions.]
[One question may be omitted.]

  1. Why have pools and traffic agreements been more stable in England than in the United States?
  2. Why does a railroad charge more per ton per mile on cotton goods than on coal?
  3. “A government enterprise may be managed on any one of four principles: 1. as a tax; 2. for business profits; 3. to pay expenses; 4. for public service, without much regard to the question of expenses.” Explain, giving an example under each head.
  4. Wherein is there a resemblance between the legislation of France as to railways and as to banking?
  5. Arrange in proper order the following items of a bank account: Capital, 300; Loans, 1150; Bonds and Stocks, 50; Surplus, 85; Undivided Profits, 10; Cash, 110; Cash items, 90; Notes, 90; Real Estate, 25; Other Assets, 20; Deposits, 960.
    Do you see any reason for believing this bank to be or not to be a national bank of the United States? To be a city or a country bank?
  6. Suppose the national banks of the United States ceased to issue notes, their other operations remaining as now; how great would be the effect of the change on the circulating medium of the community? Compare the effect with that which would ensue in Germany if the note issue of the German banks were to cease.
  7. Under the national bank act, how does the action of our banks, when their reserves are suddenly lowered, differ from that of the Bank of England in like case?
  8. Wherein is the mode of dividing profits among members of the coöperative stores in England different from that of the coöperative building associations of the United States?
  9. Wherein does bimetallism as now practiced in France differ from bimetallism as it was in France in 1850? Wherein does it differ from bimetallism as it is in the United States now?
  10. Compare the legislation of Germany on coinage in 1873 with that of the United States in 1853.
  11. Mill divides commodities into three classes, according to the laws of value applicable to them. In which class would you put silver bullion?
  12. Describe carefully the act for the resumption of specie payments, stating when it was passed, when it went into effect, and how far it was successful in accomplishing the desired object.
  13. Will a general rise in wages affect values? prices? profits?

 

Source: Harvard University Archives. Harvard University, Examination papers, 1873-1915. Box 3. Papers Set for Final examinations in Philosophy, Political Economy, History, Roman Law, Fine Arts, and Music in Harvard College (June, 1891) in bound volume Examination Papers, 1890-92.

_____________________________

1890-91
POLITICAL ECONOMY 2.

Enrollment.

[Political Economy] 2. Professor [Frank W.] Taussig and Mr. [John Graham] Brooks. — History of Economic Theory. — Examination of selections from Leading Writers. — Socialism. 3 hours.

Total 23: 4 Graduates, 10 Seniors, 8 Juniors, 1 Other.

Source: Harvard University. Annual Report of the President of Harvard College 1890-1891, p. 58.

 

Previously Posted

https://www.irwincollier.com/harvard-history-of-economic-theory-final-exam-questions-taussig-1891-94/

Fun fact: W.E.B. Dubois was enrolled in Economics 2 in 1890/91 as a graduate student and was awarded a grade of A (one of six awarded to the twenty-two who received grades,  as recorded in Taussig’s scrapbook).

1890-91.
POLITICAL ECONOMY 2.
Mid-year examination.

[Divide your time equally between the two parts of the paper.]
[Omit one question.]

  1. It has been suggested that the real source from which wages are paid is not the product of the laborer, nor the capital of the employer, but the income of the consumer. What should you say?
  2. To which of the following cases, if to any, is the reasoning of the wages fund theory applicable? (1) The farmer tilling his own land with his own capital; (2) the fisherman working for a share of the catch; (3) the independent artisan working on his own account with borrowed capital; (4) the employer who habitually sells his product before pay-day, and pays his laborers with the proceeds.
  3. Wherein does President Walker’s view of the source from which wages are paid differ from George’s?
  4. “The extra gains which any producer or dealer obtains through superior talent in business, or superior business arrangements, are very much of a similar kind [to rent.] If all his competitors had the same advantages, and used them, the benefit would be transferred to the consumers, through the diminished value of the article; he only retains it for himself because he is able to bring his commodity to market at a lower cost, while its value is determined by a higher…. Wages and profits represent the universal elements in production, while rent may be taken to represent the differential and peculiar; any difference in favor of certain producers, or in favor of production in certain circumstances, being the source of a gain, which, though not called rent, unless paid periodically by one person to another, is governed by laws entirely the same with it.”—Mill, Political Economy, book iii., ch. v., §4.
    What has President Walker added to this in his discussion of business profits?
  5. “It is true that money does not beget money; but capital does manifestly beget capital. If a man borrows a thousand ducats and ties them up in a bag, he will not find any little ducats in the bag at the end of the year; but if he purchases with the ducats a flock of sheep, he will, with proper attention, have lambs enough at the end of the year to make a handsome interest on the loan, and make a handsome profit for himself. If the turns the ducats into corn, he will find it bringing forth, some thirty, some sixty, some an hundred fold…Very seldom does a man borrow money to use it, as money, through the term of his loan. When he does so, as brokers for example sometimes do, he may to Antonio’s question, ‘Is your gold and silver rams and ewes?’ return Shylock’s answer, ‘I cannot tell; I make it breed as fast.’”
    Discuss this explanation of interest. Whom do you suppose to be the writer of the extract?
  6. “The natural history of the notion on which it [the wages-fund doctrine] rests, is not obscure. It grew out of the conditions which existed in England during and immediately subsequent to the Napoleonic wars. Two things were then noted. First, capital had become accumulated in the island to such an extent that employers found no (financial) difficulty in paying their laborers by the month, week, or day, instead of requiring them to await the fruition of their labor in the harvested or marketed product. Second, the wages were, in fact, generally so low that they furnished no more than a bare subsistence, while the employment offered was so restricted that an increase in the number of laborers had the effect to throw some out of employment or to reduce the wages for all. Out of these things the wages-fund theory was put together.”
    Examine this account of the rise of the wages-fund doctrine.
  7. Discuss the method of reasoning followed by Adam Smith, and illustrate by his treatment of two of the following topics: (1) the causes which bring about high wages; (2) the effects on domestic industry of restraints on importation; (3) the origin and effects of the division of labor.
  8. Explain how Ricardo’s conception of wages bears on his conclusions as to the effects of taxes on wages, and as to the net income of society.
  9. What can be said in justification of the views of the writers of the mercantile school?

Source: Harvard University Archives. In Harvard University, Mid-year examinations, 1852-1943. Box 2. From bound volume Examination Papers, 1890-91.

 

Second semester taught by John Graham Brooks.

POLITICAL ECONOMY 2.
Year-end examination (June 1891)

  1. From Rousseau to the Fabians, what have been the chief historic changes in the Philosophy of Socialism?
  2. In detail, state the differences between the Marx type of Socialism and that of the Fabians.
  3. With reference to the “three rents” what are the most important objections to Socialism?
  4. What reasons can you give to show that Socialism is likely to have much further development in our society?

Source: Harvard University Archives. Harvard University, Examination papers, 1873-1915. Box 3. Papers Set for Final examinations in Philosophy, Political Economy, History, Roman Law, Fine Arts, and Music in Harvard College (June, 1891) in bound volume Examination Papers, 1890-92.

_____________________________

1890-91
POLITICAL ECONOMY 3.

Enrollment.

[Political Economy] 3. Mr. [John Graham] Brooks. Investigation and Discussion of Practical Economic Questions. — Social Questions. — Short theses. 1st half-year. 3 hours.

Total 10: 1 Graduate, 7 Seniors, 1 Junior, 1 Other.

Source: Harvard University. Annual Report of the President of Harvard College 1890-1891, p. 58.

 

1890-91
POLITICAL ECONOMY 3.
Mid-year examination

  1. State the general objects of the German State Insurance, with reasons why it is likely, or not likely, to reach its objects.
  2. State in detail the strong points and the weak points of Trades Unions.
  3. What is the effect of Trades Unions upon their own wages, as distinguished from wages in general?
  4. What advantages has Profit Sharing over the present forms of the wages system?
  5. Are there reasons to believe that Profit Sharing will have much larger influence in the future?
  6. With special reference to the work of the half year, what “social remedies” appear to you most promising?

Source: Harvard University Archives. In Harvard University, Mid-year examinations, 1852-1943. Box 2. From bound volume Examination Papers, 1890-91.

_____________________________

1890-91
POLITICAL ECONOMY 4.

Enrollment.

[Political Economy] 4. Professor [Charles Franklin] Dunbar. — Economic History of Europe and America since the Seven Years’ War. —Lectures and written work. 3 hours.

Total 103: 29 Seniors, 28 Juniors, 25 Sophomores, 4 Freshmen, 17 Others.

Source: Harvard University. Annual Report of the President of Harvard College 1890-1891, p. 58.

Other course material available at the Harvard Archives

Topics and references in political economy IV [1891?]. Student’s copy belonging to C. King Morrison, ’91. with manuscript notes. Harvard University Archives HUC 8890.371

Larrabee, Ralph Clinton (A.B. 1893). Notes in Political Economy 4: lectures by Prof. Dunbar, 1890-1891. Harvard University Archives HUC 8890.371.4.48

Principle text for Political Economy 4

From the prefatory note to Benjamin Rand’s (ed.) Selections illustrating economic history since the Seven Years’ War (Cambridge, MA: Waterman and Amee, 1889):

These selections have been made for use as a text-book of required reading to accompany a course of lectures on economic history given at Harvard College.

1890-91
POLITICAL ECONOMY 4.
Mid-year examination

Lay out your time carefully, reserving 15 minutes for review and correction.

A.
Give half of your time (say 80 minutes) to A, omitting one question.

  1. Make a careful statement of the leading provisions of the English navigation and colonial system.
  2. Adam Smith’s reasons for saying that the policy of Great Britain towards her colonies had, upon the whole, been less illiberal and oppressive than that of other countries towards theirs. [Rand, pp. 12-26.]
  3. Contrast the effects of the French revolutionary period upon the holding and distribution of land, in France and Germany respectively.
  4. Describe the current of opinion and the industrial conditions which made free trade inevitably the policy for England.
  5. State the reasons for the logical and political importance of the corn laws in the English free trade movement.
  6. The essential differences between the French and the Anglo-American methods of managing railway construction and ownership, and the effect and advantages of each.

B.
Give 80 minutes to B, omitting two questions.

  1. The trade between the United States and the British West Indies, before our revolution, and after.
  2. The inventions or improvements which made the development of the cotton States possible.
  3. The condition of commerce and manufactures in the United States in the two periods, 1794-1808, and 1808-1815.
  4. The successive enterprises for opening communication with the territory north of the Ohio, and their importance.
  5. The English legislation respecting cotton goods in the last century and the reasons for it.
  6. What was the effect of the Napoleonic wars upon the introduction of manufactures on the continent of Europe?
  7. The comparative state of preparation of England, France, Germany, and the United States for undertaking the modern industries when the peace of 1815 came.
  8. Give what account you can of the career and opinions of Turgot, with dates.
  9. The contributions of Stein and Hardenberg respectively to the reform in the Prussian system of land-holding.
  10. On what plan was the Zollverein organized?
  11. What are the differences in industrial characteristics which make it natural for England and France to adopt different policies as to protection and free trade?

Source: Harvard University Archives. In Harvard University, Mid-year examinations, 1852-1943. Box 2. From bound volume Examination Papers, 1890-91.

 

1890-91
POLITICAL ECONOMY 4.
Year-end examination (June 1891)

Lay out your time carefully, reserving 15 minutes for review and correction

A.
Give half of your time to A. omitting one question.

  1. The establishment of the Zollverein is spoken of [Rand, page 138] as “the first step towards what is called the Germanization of the people” and to have “prepared the way for a political nationality.” Show how it had this effect.
  2. Cairnes, in his discussion of the new gold, [Rand, page 197] shows that “a given addition to the metallic stock of Great Britain and the United States … will cause a greater expansion of the total circulation, and therefore will support a greater advance in general prices, that the same addition to the currency of … France … and that again, the effect in countries like France will be greater than in countries like India or China.” Why is this, and how much effect did this difference in sensitiveness produce in the years after 1850?
  3. Cairnes lays down [Rand, page 209] that “every country is interested in raising as rapidly as possible the prices of its productions,–in other words, in the most rapid possible depreciation in the local value of its gold.” What are the grounds for this proposition?
  4. The writer in Blackwood’s, [Rand, page 228] says that the most important point in the payment of the French indemnity is “How came it that £170,000,000 [4,250,000,000 francs] of bills could be got at all”? What is the explanation of this fact?
  5. What are the reasons for looking upon Italy as a possible serious competitor in ocean navigation, and what are her great drawbacks in such competition?

B.

  1. What are the marked differences between the great change in the production and value of the precious metals in the sixteenth century, and that in the nineteenth?
  2. Why was an additional supply of gold especially important to the world in the years 1850-60?
  3. How does the mere saving of time in transportation, or in the transmission of intelligence, produce an effect upon commerce?
  4. How far was the civil war the cause of the decline of American shipping after 1860?
  5. What reasons made the breaking out of a financial crisis in the United States in 1873 easier than usual?
  6. Why did the payment of the French indemnity disturb the financial quiet of other countries than France and Germany?
  7. What are the great cases of resumption of specie payment in the years 1875-85, and how were they brought about respectively?
  8. Why is the trade between countries so often “triangular,” and why is England so generally one of the parties concerned?
  9. How does the modern theory of the utility of colonies differ from that of a century or two ago?

Source: Harvard University Archives. Harvard University, Examination papers, 1873-1915. Box 3. Papers Set for Final examinations in Philosophy, Political Economy, History, Roman Law, Fine Arts, and Music in Harvard College (June, 1891) in bound volume Examination Papers, 1890-92.

_____________________________

1890-91
POLITICAL ECONOMY 6.

Enrollment.

[Political Economy] 6. Professor [Frank W.] Taussig. — History of Tariff Legislation in the United States. 2 hours. 2d half-year

Total 43: 1 Graduate, 28 Seniors, 12 Juniors, 2 Others.

Source: Harvard University. Annual Report of the President of Harvard College 1890-1891, p. 58.

 

 

1890-91
POLITICAL ECONOMY 6.
Year-end examination (June 1891)

[Arrange your answers strictly in the order of the questions. Answer all questions.]

  1. Explain wherein France and the United States were in similar positions, as regards customs policy, in 1814-15; and state briefly the legislation to which these situations led in the two countries.
  2. What was the argument, discussed in Hamilton’s Report on Manufactures, which rested on the supposed exceptions productiveness of agriculture? What was Hamilton’s answer? What is the sound view?
  3. How did Gallatin propose in 1831 to fix customs duties without regard to their protective effect? Walker in 1845?
  4. Was there any ground in 1832 for saying that the duties on imports were equivalent to duties on exports? Is there now?
  5. How did the general fall in prices after 1819 affect the growth of manufactures in the United States?
  6. “The climate, soil, and conditions generally in the Northwest, are very favorable to the cultivation of flax fibre as well as of the seed. After a short experience as to the primary manipulation and handling of the flax fibre, our farmers would produce flax which would compare favorably with the best varieties of the fibre. It seems strange that a practical people like ourselves should for years have been satisfied to cultivate seed for flax at a value of about $15 per acre, and at the same time allow 600 pounds of flax fibre per acre to rot on the ground, this fibre having a value, after being manipulated, of $186 per ton.”
    Can you explain the anomaly?
  7. Describe the process by which the duties on woollen cloths, as they stand in the act of 1890, were arrived at.
  8. What ground is there for saying that the protective movement in the United States is part of a general reaction towards protection which has appeared in most civilized countries in recent years?
  9. It has been said that the tariff act of 1789 began the protective policy of the United States; that the act of 1816 was the first giving serious protection; that the act of 1824 was the first strictly protective act. Which statement, if any, do you think true?
  10. Which of the important tariff acts between 1835 and 1859 were passed quite without regard to financial considerations?
  11. What does the continued importation of clothing wool indicate as to the effect of the duty on the domestic price? of pig iron? of silks?

Source: Harvard University Archives. Harvard University, Examination papers, 1873-1915. Box 3. Papers Set for Final examinations in Philosophy, Political Economy, History, Roman Law, Fine Arts, and Music in Harvard College (June, 1891) in bound volume Examination Papers, 1890-92.

_____________________________

1890-91
POLITICAL ECONOMY 7.

Enrollment.

[Political Economy] 7. Professor [Charles Franklin] Dunbar. — Public Finance and Taxation. — Cohn’s Finanzwissenschaft. 3 hours.

Total 7: 2 Graduates, 4 Seniors, 1 Junior.

Source: Harvard University. Annual Report of the President of Harvard College 1890-1891, p. 58.

 

1890-91
POLITICAL ECONOMY 7.
Year-end examination (June 1891)

It is recommended that at least a third of the time be given to B.

A.

  1. Accepting the usual reasoning that a tax under some circumstances, by diminishing the income from property, diminishes its selling value, and so ceases to be felt by subsequent purchasers, should you say,—
    1. That the French impôt foncier is a tax on present landholders?
    2. That the English income-tax under Schedule A. is a tax on present landholders?
      The reason for the difference, if any exists.
  2. What is your final conclusion as to the sale of bonds or annuities at a discount, — is it defensible or not, and on what grounds?
  3. Explain the English method of using terminable annuities for the reduction of the public debt, as in 1867 and 1883, and discuss its advantages and drawbacks.
  4. “The administrator of local finances is permitted to found a sinking-fund at the time of issuing bonds, a permission, it will be remembered, contrary to sound rules of national financiering.”
    Does the distinction here made between local and national finances give solid ground for difference of treatment? Are the propositions as to the propriety of establishing sinking-funds in the two cases respectively tenable?
  5. Say remarks that the French government, in providing for the indemnity, bought any kind of foreign bills of exchange, “prenant tous les changes qu’elle pouvait acquérir sur quelque pay que ce fût.” How did this purchase of a bill, say upon Russia, facilitate the payment of the indemnity any more than the purchase of a bill upon Marseilles would have done, seeing that in either case the government had to collect the proceeds in order to use them?

B.

  1. In 1872 Herr Bamberger, in his pamphlet die Fünf Milliarden, regretted that Germany had not been allowed more time to absorb the indemnity, so as to avoid the risk of over-stimulated enterprise, rise of prices, and speculation.
    Discuss the probably effects, in Germany or elsewhere, (1) of longer time allowed to France; (2) of more cautious introduction of the wealth into Germany, effected

    1. By longer deposit (say) in London,
    2. By payment in securities, to be sold by Germany by degrees.

Source: Harvard University Archives. Harvard University, Examination papers, 1873-1915. Box 3. Papers Set for Final examinations in Philosophy, Political Economy, History, Roman Law, Fine Arts, and Music in Harvard College (June, 1891) in bound volume Examination Papers, 1890-92.

_____________________________

1890-91
POLITICAL ECONOMY 8.

Enrollment.

[Political Economy] 8. Mr. [William Morse] Cole. — History of Financial Legislation in the United States. 2 hours. 1st half-year.

Total 46: 1 Graduate, 29 Seniors, 13 Juniors, 3 Others.

Source: Harvard University. Annual Report of the President of Harvard College 1890-1891, p. 58.

 

1890-91
POLITICAL ECONOMY 8.
Mid-year examination

I.

  1. “That the public credit was much better during the Civil War than during the War of 1812 is proved by the fact that during the former war the bulk of the loans were sold at par, whereas during the latter the larger part were sold below par.”
    Comment on this statement.
  2. Under what authority does the Secretary of the Treasury purchase bonds in the market? Why does he not redeem them at par?
  3. Explain: “Five-twenties”; “Seven-thirties”; and tell why they were made seven-thirties; “Deferred sixes,” “5% redemption fund.”
  4. When were the first legal tenders under the present constitution authorized?
  5. What have been the express legal exemptions of government obligations from taxation since the outbrake of the Civil War?
  6. In what different capacities was each of the following men connected with the finances of the nation: Hugh McCulloch, Levi Woodbury, William Pitt Fessenden, John Tyler?

II.
(Omit two.)

1, 2. [Counts as two questions.] Compare the causes of the suspensions of 1814, 1837, and 1861.

3, 4. [Counts as two.] Mention the different systems which have been in vogue since 1789 for caring for public funds, and tell why each change was made.

    1. It was said that the bill which finally became the act for resumption in 1875 really provided for nothing in particular, and therefore ought not to be put upon the statute book. Did the provisions of the bill warrant the remark? Did subsequent history justify the remark?
    2. In what way were the French Spoliation Claims connected with the Second-Bank Struggle?
    3. Hamilton wished to have a system of internal taxation in working order as a resource in case of emergency. Does history throw any light upon the wisdom or folly of such a policy?
    4. What were the causes of Gallatin’s retirement from the Treasury?
    5. What history would you cite as an argument upon a proposition to replace bonds exempt from all taxation by bonds taxed to a moderate extent, and to distribute the receipts from the tax among the States according to the federal ratio?
    6. In a speech on the refunding bill it was said that the government made no threat, but merely promised certain privileges to those who presented bonds to be refunded at a lower rate. “No one proposes…the alternative adopted by our own Government under Hamilton’s plan of reducing the interest.”
      Is this implication regarding Hamilton’s funding justified by the facts?

11, 12. [Counts as two.] Mention as many as possible of the kinds of obligations which have been contracted by the government; i.e. character of obligation (bond or what), length of time to run, and rate of interest. Give one example under each kind,—giving period of issue, but not necessarily the exact date.

Source: Harvard University Archives. In Harvard University, Mid-year examinations, 1852-1943. Box 2. From bound volume Examination Papers, 1890-91.

_____________________________

1890-91
POLITICAL ECONOMY 9.

Enrollment.

[Political Economy] 9. Professor [Frank W.] Taussig. — Railway Transportation. —Lectures and written work. 3 hours. 2d half-year

Total 20: 14 Seniors, 4 Juniors, 2 Others.

Source: Harvard University. Annual Report of the President of Harvard College 1890-1891, p. 58.

 

1890-91.
POLITICAL ECONOMY 9.
Year-end examination (June 1891)

[Answer all the questions, and arrange your answers strictly in the order of the questions.]

  1. Can it be fairly said that the early experience of the States of the Union supplies strong arguments against State ownership of railways? Can it be fairly said of the experience of France since 1878?
  2. State the salient events in the history of the federal land grants to railways.
  3. How do you explain the rapidity with which the Union Pacific and Central Pacific railroads were completed?
  4. Wherein did the so-called Granger legislation on railway rates resemble the “natural” system advocated in Germany after 1871? Wherein did it differ from it?
  5. Sketch the history and machinery of the Southern Railway and Steamship Association.
  6. Explain the difference in the working of the Trunk Line Association before and after the passage of the Interstate Commerce Act.
  7. What ground is there for saying that the prohibition of pooling in the Interstate Commerce Act is inconsistent with its prohibition of discrimination between individuals?
  8. Suppose a railway to be built and used exclusively for coal traffic; would its rates be arranged on a plan essentially different from that in use with ordinary railways, having a varied traffic?
  9. It has been said that the principle of tolls, or rates based on cost of service, makes it necessary that each item of business should pay its share of the fixed charges. Why, or why not?
  10. Sketch the history of government management of railways in Italy.
  11. “Property has reached an ideal perfection. It is felt and treated as the national lifeblood. The rights of property nothing but felony and treason can override. The house is a castle which the King cannot enter. The Bank is a strong box to which the King has no key. Whatever surly sweetness possession can give is tasted in England to the dregs. Vested rights are awful things, and absolute possession gives the smallest freeholder identity of interest with the duke.”—Emerson, English Traits.
    Wherein does the trait here described make the railroad situation in England different from that in the United States?

Source: Harvard University Archives. Harvard University, Examination papers, 1873-1915. Box 3. Papers Set for Final examinations in Philosophy, Political Economy, History, Roman Law, Fine Arts, and Music in Harvard College (June, 1891) in bound volume Examination Papers, 1890-92.

Categories
Harvard Teaching Undergraduate

Harvard. Memos on teaching assistants and grading in economics courses, 1911

 

Six memos primarily concerned with the supervision of teaching assistants in economics courses, but also other interesting incidental detail is revealed. Of the six professors listed on economics department letterhead, Taussig was able to get a memorandum from everyone except for O. M. W. Sprague.

I have provided additional information from the published course announcements, annual Presidential Reports, along with some additional information on the subsequent careers of some of the teaching assistants named.

__________________

Taussig’s Cover Letter

HARVARD UNIVERSITY
DEPARTMENT OF ECONOMICS

F. W. Taussig
T. N. Carver
W. Z. Ripley
C. J. Bullock
E. F. Gay
W. M. Cole
O. M. W. Sprague

Cambridge, Massachusetts
March 22, 1911.

Dear Mr. Blake:

You remember that you made some inquiries on the President’s behalf concerning the extent to which the work of assistants was supervised in the various courses. I enclose a batch of memoranda concerning the courses in our Department, and think they tell the whole story. If further information is desired, we shall be glad to supply it.

Very truly yours,
[signed]
F. W. Taussig

Mr. J. A. L. Blake

__________________

Frank W. Taussig and Edmund Ezra Day’s Courses

From the Course Announcements, 1910-11

[Economics] 1. Principles of Economics. Tu., Th., Sat., at 11. Professor Taussig, assisted by Drs. [Charles Phillips] Huse [Harvard Ph.D., 1907], [Edmund Ezra] Day [Harvard Ph.D., 1909],  and [Robert Franz] Foerster [Harvard Ph.D., 1909], and Messrs. Sharfman [not included in ex-post staffing report in President’s Report] and  [Alfred Burpee] Balcom [Harvard A.M. (1909), S.B. Acadia (1907), Nova Scotia].

[Economics] 182hf. Banking and Foreign Exchange. Half-course (second half-year). Mon., Wed., and (at the pleasure of the instructorFri., at 1.30. Dr. [Edmund Ezra] Day [Harvard Ph.D., 1909].

[Economics] 12 1hf. Commercial Crises and Cycles of Trade. Half-course (first half-year). Mon., Wed., Fri., at 10. Dr. [Edmund Ezra] Day [Harvard Ph.D., 1909].

*  *  *  *  *  *  *

HARVARD UNIVERSITY
DEPARTMENT OF ECONOMICS

F. W. Taussig
T. N. Carver
W. Z. Ripley
C. J. Bullock
E. F. Gay
W. M. Cole
O. M. W. Sprague

Cambridge, Massachusetts

Memorandum regarding Economics 1

The professor in charge lectures twice a week. For the third hour the men are divided into sections, conducted on the familiar plan. Every Thursday afternoon, throughout the year, I meet the section instructors and discuss the work of the week with them. Questions to be asked at the section meetings are proposed by the instructors, are approved, vetoed, or modified, by myself. Usually we come to an understanding as to the topics to be discussed in the sections after the papers have been written. Not infrequently we arrange for diagrams or figures to be used, identically in all the sections; these touching points which it is desired to make clear. Immediately after the mid-year and final examinations I always meet the instructors and we read a batch of blue books together; we compare our grades, questions by questions, and try to make sure that the same standard is applied in all cases. My experience is that there is substantial uniformity in the grading.

Some of my instructors, who have charge of large numbers in their own courses, have readers to assist them in the examination of the weekly papers. Dr. Day reports as follows concerning the weekly papers in his sections: “I always instruct the “reader” as to exactly what is expected in answer to the question assigned. Students are encouraged to refer to me any cases of grading where injustice seems to have been done and, where such cases disclose any error or inaccuracy in the grading, the matter is carefully reviewed with the reader.” I may add that Dr. Day reports that he personally grades all the papers both in Economics 12 and 8b.

__________________

Courses of Thomas Nixon Carver

From the Course Announcements, 1910-11

[Economics] 3. Principles of Sociology.—Theories of Social Progress. Mon., Wed., and (at the pleasure of the instructor) Fri., at 1.30. Professor Carver and an assistant [Lucius Moody Bristol listed in President’s Report 1910-11 as the course teaching assistant].

[Economics] 141hf. The Distribution of Wealth. Half-course (first half-year). Tu., Thu., at 1.30.Professor Carver.

[Economics] 142hf. Methods of Social Reform.—Socialism, Communism, the Single Tax, etc. Half-course (second half-year). Tu., Thu., at 1.30. Professor Carver.
Open only to those who have passed satisfactorily in Economics 14a.

Information about the teaching assistant actually named by Carver

Harvard A.M. (1911), but no Harvard Ph.D.

Philip Benjamin Kennedy received his A.M. from Harvard in 1911; A.B. Beloit (Wis.) 1905; Litt.B. Occidental (Cal.) 1906.

Source: Quinquennial catalogue of the officers and graduates of Harvard University 1636-1915.p. 574.

Additional biographical information.

*  *  *  *  *  *  *

HARVARD UNIVERSITY
DEPARTMENT OF ECONOMICS

F. W. Taussig
T. N. Carver
W. Z. Ripley
C. J. Bullock
E. F. Gay
W. M. Cole
O. M. W. Sprague

Cambridge, Massachusetts

Dear Taussig:

In Economics 3 the class is divided into two sections for Friday conferences. Mr. Kennedy, the assistant, takes one section and I take the other, but we alternate. Each section has a fifteen-minute paper on the day when Mr. Kennedy has it. There is no paper in the section meeting when I conduct it.

As to blue book reading, etc., I do not read any of the Friday papers. I read hour and final examination papers only in those cases where Mr. Kennedy gives and A or an E, where he is doubtful, and where the student is dissatisfied with his mark. Then, too, I always read the paper for any student who asks me to. Mr. Kennedy and I go over all the grades together and make up the final return.

In Economics 14a and 14b, there are no section meetings. The blue books are marked and the term averages made out in the same way as in Economics 3.

Sincerely yours,
[signed]
T. N. Carver
[initials:  O.H.]

Professor Taussig.

__________________

William Morse Cole’s Accounting Course

From the Course Announcements, 1910-11

[Economics] 18. Principles of Accounting. Mon., Wed., and (at the pleasure of the instructor) Fri., at 11. Asst. Professor Cole and an assistant [Messrs. Johnson and Platt].
Course 18 is not open to students before their last year of undergraduate work. For men completing their work at the end of the first half-year, it may be counted, with the consent of the instructor, as a half-course.

*  *  *  *  *  *  *

HARVARD UNIVERSITY
DEPARTMENT OF ECONOMICS

F. W. Taussig
T. N. Carver
W. Z. Ripley
C. J. Bullock
E. F. Gay
W. M. Cole
O. M. W. Sprague

Cambridge, Massachusetts
February 23, 1911

Dear Professor Taussig

With regard to the supervision of assistants’ work in Economics 18, I have to report as follows:

There are no section meetings in charge of assistants, though if competent assistants were available I might have such work done. The work of my chief assistant is reading short papers written in the classroom and reading outside written work and blue-books. I have attempted to keep a uniform standard where several men have been reading for me at once by having a bunch of papers read by all the readers and then by me in their presence for comparison and comment. Even then there has been some variation and I have sometimes myself reread all questions where variation seemed most likely to occur. For that reason, I have this year had all reading of short papers and blue-books done by one man, who has shown himself of unusually sound judgment. I have been over all short papers with him, and read after him a bunch of mid-year books—-after I had been through several books with him. In all cases where a few points would affect a man’s grade I have personally examined the blue-book in confirmation of my assistant’s judgment. This is his third year of work for me, and I have very great confidence in him, for after innumerable checks on his work I have never found it erring more than human frailty is bound to err.

His other work has been of two parts: assisting me occasionally in the voluntary conferences which I offer weekly for assistance to men who cannot keep the pace that I set for the class work as a whole (on the principle that the quick men should not be required to attend three meetings a week if the third is necessary only for those who do not take naturally to this sort of thing); and holding required conferences with thesis writers, and reading theses. I have not had much check on the conference work and the reading of theses, for two reasons: the theses are on reports of corporations, and since no man can be familiar with the annual reports of many score of such corporations, he can not determine omissions of facts (since there is no uniformity), but only the application of certain fundamental principles, which I know that my assistants are familiar with; the theses are written merely to give the men practice in reading between the lines of actual reports, and the result of that practice shows not only in the theses themselves but in all a man’s work, especially in the final examination, so that the reading of the thesis is done rather to determine whether a man has used the opportunity afforded him for practice, than to determine how much good he has got out of it—-for the amount of good is reflected in many ways, and to pass judgment on the correctness of the conclusions drawn in each particular thesis would require that the judge should have devoted long study to the reports with which the thesis is concerned.

The reading of theses, and the conference work in connection with them, is done by four or five assistants.

With the additional funds allowed by the contribution of the visiting committee, I shall have more short papers done in the third-hour meetings and shall make attendance required for men whose work shows that they need it.

Sincerely yours
[signed]
William Morse Cole

__________________

Economic history courses of Edwin F. Gay

From the Course Announcements, 1910-11

Economics 6a. European Industry and Commerce in the Nineteenth Century. Fall term, 1910-11 taught by Professor Edwin Francis Gay, assisted by Julius Klein.

Economics 6b. Economic and Financial History of the United States. Spring term, 1910-11 taught by Professor Edwin Francis Gay, assisted by Julius Klein.

*  *  *  *  *  *  *

HARVARD UNIVERSITY
THE GRADUATE SCHOOL OF BUSINESS ADMINISTRATION

Office of the Dean

Cambridge, Massachusetts
March 4, 1911

Dear Taussig:

I have assistance, as you know, in only one course, 6a and 6b. In this course as I have run it this year a half-hour test on reading is given every fortnight and a thesis is written. The reading of the papers for the half-hour test is left almost entirely in the hands of the Assistant. When I am breaking in a new man I usually look over some of the papers at the beginning to see that he gets the proper idea in regard to grading. He holds a series of conferences with the students in regard to their theses, referring them in cases of difficulty to me. The Assistant reads the theses but I myself make it a point to read them all in addition, since it is very difficult to grade these properly. The Assistant reads the final blue books in the course but I myself sample the final blue books and in all doubtful cases read the final blue book in addition to the thesis.

I think this answer the points raised by your question.

Very truly yours,
[signed]
Edwin F. Gay.

Professor F. W. Taussig

__________________

Public Finance Course of Charles Bullock

From the Course Announcements, 1910-11

[Economics] 7 2hf. Public Finance, considered with special reference to the Theory and Methods of Taxation. Half-course (second half-year) Mon., Wed., Fri., at 10. Professor Bullock and an assistant.

[Note: in the ex post staffing report in the President’s Report the instructor is listed as Dr. [Charles Phillips] Huse [Harvard Ph.D., 1907], assisted by Wilfred Eldred (Harvard Ph.D. 1919) and Roscoe Russell Hess (Harvard A.B. (1911) magna cum laude)]

Possible Harvard Undergraduate as a teaching assistant

Roscoe Russell Hess [I am guessing this was the teaching assistant in the public finance course]

Source: Quinquennial catalogue of the officers and graduates of Harvard University 1636-1915.p. 449.

Bowdoin Prizes for dissertations in English for undergraduates: first prize of $250, Roscoe Russell Hess ’11, of Seattle, Wash., on “The Paper Industry and Its Relation to the Conservation and the Tariff”

Source: Harvard Crimson, May 17, 1911.

*  *  *  *  *  *  *

HARVARD UNIVERSITY
DEPARTMENT OF ECONOMICS

F. W. Taussig
T. N. Carver
W. Z. Ripley
C. J. Bullock
E. F. Gay
W. M. Cole
O. M. W. Sprague

Cambridge, Massachusetts
March 7, 1911

My dear Taussig:

My arrangements with the assistants in Economics 7 are substantially as follows:

I meet with them on Wednesday at 3.30 and go over with them fully the work for the conferences on Friday and Saturday. We first select questions for the paper that we set the men at the sections, aiming of course to make the questions given the different sections a nearly as possible of equal difficulty. I also go over the subjects treated in the assigned reading for the week and indicate the points which I think the assistants would better emphasize in the oral discussion in the sections.

During the early part of the half-year I also meet the assistants each week to confer with them about the marking of the weekly papers. The method that we follow is to read together several papers in each of the divisions, discussing the proper marks to be assigned to the papers until we find that we have come to substantial agreement.

I think in general you can say that the method followed in 7 is substantially like the method followed in Economics 1.

Yours sincerely,
[signed]
C. J. Bullock
[initials: O. H.]

Professor Taussig

__________________

Labor and Transportation Courses taught by W. Z. Ripley

From the Course Announcements, 1910-11

[Economics] 5 1hf. Economics of Transportation. Half-course (first half-year). Tu., Thu., and (at the pleasure of the instructor) Sat., at 10. Professor Ripley, assisted by Mr. Whitnack.

[Economics] 91hf. Problems of Labor. Half-course (first half-year). Tu., Thu., and (at the pleasure of the instructor) Sat., at 1.30. Professor Ripley, assisted by Mr. Whitnack.

Teaching assistant Whitnack probably never awarded Ph.D. from Harvard

According to the Quinquennial catalogue, Ralph C. Whitnack did receive an A.M. from Harvard in 1911. Ralph Cahoon Whitnack, formerly Ralph Cahoon Whitenack; A.B. Brown 1906; Prof. Pol. Eco., Keio Univ. (Japan) 1914-.

Source: Quinquennial catalogue of the officers and graduates of Harvard University 1636-1915.p. 574.

Whitnack’s dissertation listed being “in progress” in 1915

Doctoral dissertation “Social stratification” in progress listed in the AER list of doctoral dissertations in progress American Economic Review, Vol. 5, No. 2 (June 1915), p. 477.

Whitnack’s death in 1919

Professor Ralph Cahoon Whitnack, formerly professor of economics at Keio University, Tokio, died April 14, 1919. At the time of his death Professor Whitnack was serving as joint revenue commissioner for the native state of Baroda, India. He had direct jurisdiction over the departments of excise and customs, agriculture and cooperative credit. During 1918 and until his death he was price controller and director of civil supplies.

Source:  Notes in American Economic Review, Vol. 9, No. 4 (December 1919), p. 946.

*  *  *  *  *  *  *

HARVARD UNIVERSITY
DEPARTMENT OF ECONOMICS

F. W. Taussig
T. N. Carver
W. Z. Ripley
C. J. Bullock
E. F. Gay
W. M. Cole
O. M. W. Sprague

Cambridge, Massachusetts
24 February 1911.

Dear Professor Taussig,–

I have pleasure, in accordance with your note of even date, and in the absence of Professor Ripley, in submitting the following memorandum concerning the relations between instructor, assistant and students in Economics 5 and 9a.

The weekly section meetings are held under the direction of the assistant, after conference in each case between the assistant and instructor as to the issues to be discussed and general methods pursued.

Conferences concerning theses are held concurrently by the instructor and assistant at advertised hours. Each student is required to confer at least once with either instructor or assistant before handing in thesis.

The instructor has three hours per week, and the assistant one or more as required, for general conference with students who seek it.

The correction of weekly papers is done by the assistant.

The correction and grading of hour examinations, theses and blue books is done by the assistant under the supervision and in conference with the instructor. In particular all grades of E, A and D are scrutinized by the instructor, who goes over the blue-books and theses and assigns finalgrades in consultation with the assistant.

Very sincerely yours,
R. C. Whitnack
Austin J. Fellow: Ec. 5 and 9a.

__________________

Source for the memoranda: 

Harvard University Archives. President Lowell’s Papers, 1909-1914. Box 15, Folder 413 “1909-14”.

Source for course listings information:

Harvard University. Announcement of the Courses of Instruction offered by the Faculty of Arts and Sciences for the Academic Year 1910-11.

Source for ex post staffing of courses:

Harvard University. Report of the President of Harvard College, 1910-1911, pp. 48ff.

Source for Harvard economics Ph.D.’s:

Economics in the Rear-view Mirror’s page “Harvard. Doctoral Dissertations in Economics, 1875-1926”.

Image Source: Harvard University #2, Cambridge, Mass, c1910. Library of Congress Prints and Photographs Division Washington, D.C. 20540 USA.

 

 

Categories
Courses Gender Harvard Radcliffe

Harvard. Pre-Radcliffe economics instruction for women, 1879-1893

 

Before there was a Radcliffe College, there was  “A Society for the Private Collegiate Instruction of Women by Professors and other Instructors of Harvard College”. Below are excerpts mostly relating to political economy and economics courses from the fourteen reports that preceeded the official establishment of Radcliffe College in 1893/94. I have highlighted the economics references but definitely recommend reading the other text as well. For several years early on enrollments in economics were actually zero. By 1892 seventeen women were enrolled in the introductory economics course. The course descriptions get more detailed in the last half-dozen or so reports.

________________________

REPORT OF THE WORK OF THE FIRST YEAR.
[1879-80]

The Managers of the plan for the Private Collegiate Instruction for Women by Professors and other Instructors of Harvard College take pleasure in making the following Report to the supporters of the undertaking. Funds amounting to more than sixteen thousand dollars were subscribed, by a small number of persons payable at various times within four years from the beginning of the work, according to the needs of the Managers. The Report of the Treasurer, given below, shows the sums paid in, and the mode of their expenditure during the year. The movement was first brought to public notice by a circular issued February 22, 1879. The requisites for admission to the courses of instruction were published in a second circular, issued April 19, and the first examination was held at Cambridge, September 24-27, after which the classes began to receive instruction immediately. Twenty-seven ladies began the year, one of whom soon after left to study abroad, and another withdrew on account of the difficulty of coming to Cambridge regularly while living in another town. The remaining twenty-five continued through the year. At the examination four ladies were examined on a preparatory course the same as that required for admission to college, one on a course akin to that of the Women’s Examination and the remainder in one or more branches. Three began a regular course, the studies taken being the same as those of a first year’s course in college. Another began a four years’ course of advanced studies. The others were special students, of whom thirteen took one study, four took two, and four took four.

Of the different departments of study,

Greek was taken by 6;
Latin by 9;
Sanskrit by 1;
English by 5;
German by 5;
French by 6;
Philosophy by 4;
Political Economy by 6;
History by 4;
Music by 1;
Mathematics by 7;
Physics by 3;
Botany by 5.

 

In Greek, three read Lysias, Plato, and Homer with Mr. L. B. R. Briggs.

One studied Greek Composition and Written Translation with Mr. White.

Two read the Agamemnon and Eumenides of Aeschylus, and Thucydides with Mr Goodwin.

In Latin, five read Livy and the Odes of Horace with Mr. Hale.

Three studied Latin Composition and Translation at Sight with Mr. Gould.

Two read Pliny’s Letters and Tacitus with Mr. Lane.

In Sanskrit, one studied with Mr. Greenough.

In English, four studied Composition with Mr. Hill.

In German, four took the elementary course with Mr. Bartlett.

One studied German Composition and Oral Exercises, and German Literature from Luther to Lessing, with Mr. Sheldon.

Two studied Goethe and German Literature of the XIX. Century with Mr. Bartlett.

In French, three took Mr. Bôcher’s course in La Fontaine, Racine, Taine, and Alfred de Musset.

Two studied the Literature of the XIX. Century with Mr. Jacquinot.

In Philosophy, three studied Metaphysics and Logic with Mr. Palmer.

In Political Economy, six studied with Mr. [James Laurence] Laughlin.

In History, one studied the period of the Revival of Learning and the Reformation with Mr. Emerton.

Two studied the period of the French Revolution with Mr. Bendelari.

In Music, one studied Harmony and Counterpoint with Mr. Paine.

In Mathematics, two studied Solid Geometry, Plane Trigonometry, and Advanced Algebra with Mr. G. R. Briggs.

Three studied Analytical Geometry with Mr. Byerly.

Two studied the Differential and Integral Calculus with Mr. J. M. Peirce.

One received instruction from Mr. Benjamin Peirce in Quaternions.

In Physics, three studied Descriptive Physics, — Mechanics, Light, and Heat with Mr. Willson.

In Natural History, three received Laboratory Instruction in the Microscopic Anatomy, Physiology, and Development of Plants with Mr. Goodale.

Regular examinations were held in the middle and at the end of the year, which were passed by the students with credit.

Recitation rooms were rented in two private houses on Appian Way, and there was also provided a separate apartment for the convenience of students who need a place where they can spend the intervals between recitations. Here some of the instructors have left books of reference from time to time. The students have been encouraged to make free use of this room. Blackboards, tables, etc., have been provided for there citation rooms

During the year the Secretary has kept a list of the names of those private families in which students could find board and lodging. On this list only such names were recorded as were approved by the Managers.

There has been no difficulty in finding comfortable and suitable homes for those students who were not provided for by their friends.

 

There are now forty-two ladies in the following classes:—

In Greek, 4 classes, and 18 students.
In Latin, 4 classes, and 15 students.
In English, 2 classes, and 10 students.
In German, 3 classes, and 10 students.
In French, 1 class, and 2 students.
In Italian, 1 class, and 2 students.
In Philosophy, 2 classes, and 8 students.
In Pol. Econ’y, 1 class, and 1 student.
In History, 3 classes, and 8 students.
In Mathematics, 4 classes, and 10 students.
In Physics, 1 class, and 4 students.
In Botany, 1 class, and 2 students.
In Astronomy, 2 classes, and 3 students.

The twenty-nine classes are taught by seven Professors, four Assistant Professors and twelve Instructors.

Ten ladies are pursuing the regular course of four years. Of the remainder, twenty-one take one course, seven take two curses, and four take four courses.

ARTHUR GILMAN,
Secretary.

Cambridge, Nov. 10, 1880

 

Source: Private Collegiate Instruction for Women in Cambridge, Mass. Courses of Study for 1880-81, with Requisitions for Admission and Report of the First Year. Cambridge, Mass.: William H. Wheeler, 1880. Pages 12-15.

________________________

Courses of Study for the Year 1880-1881

Two hours of instruction a week will be given in all courses not otherwise designated.

VIII. POLITICAL ECONOMY.

  1. Principles of Political Economy. Financial Legislation of the United States. Mr. Laughlin

  2. Advanced Course. Cairnes’ Leading Principles of Political Economy. Blanqui’s History of Political Economy. Mr. Laughlin

 

Source: Private Collegiate Instruction for Women in Cambridge, Mass. Courses of Study for 1880-81, with Requisitions for Admission and Report of the First Year. Cambridge, Mass.: William H. Wheeler, 1880. Pages 3, 5.

________________________

 

WORK OF THE SECOND YEAR
[1880-81]

During the second year of the operation of the plan for the Private Collegiate Instruction of Women by Professors and other Instructors of Harvard College, forty-seven ladies were connected with the classes.

Numbers in the Classes.

The following table exhibits the numbers in the different classes: —

In Greek, 4 classes, and 21 students.
In Latin, 4 classes, and 17 students.
In English, 2 classes, and 9 students.
In German, 3 classes, and 11 students.
In French, 1 class, and 2 students.
In Italian, 1 class, and 2 students.
In Philosophy, 2 classes, and 9 students.
In Pol. Econ’y, 1 class, and 1 student.
In History, 3 classes, and 12 students.
In Mathematics, 4 classes, and 11 students.
In Physics, 1 class, and 5 students.
In Botany, 1 class, and 2 students.
In Astronomy, 2 classes, and 4 students.

 

The twenty-nine classes were taught by eight Professors, three Assistant-Professors and twelve Instructors of Harvard College, and the instruction given is a repetition of that of the College in the different departments.

 

Work in the Class Room.

There were four classes in Greek. Three ladies read in Aeschylus, Pindar and Aristotle with Mr. Goodwin.

Three studied Greek Composition and Written Translation at Sight with Mr. White.

Four read from Plato (Phaedo), Sophocles (Ajax) and Euripides (Medea) with Mr. Wheeler.

Ten read Plato’s Apology and Crito, and Homer’s Odyssey with Mr. Briggs.

The Latin classes were the following: – Mr. Lane had three in Pliny’s Letters, Horace, Plautus and Cicero.

Mr. J.H. Wheeler had three in Composition and Translation at Sight.

Mr. Greenough had three in Cicero’s Epistles, Terence and the Epistles of Horace.

Mr. Gould had nine in the Odes and Epodes of Horace, Cicero de Amicitia and Composition.

In English, Mr. Hill had four in Composition and five in Literature.

In German, Mr. Bartlett had three in Parzival and other mediaeval poems, and five in Elementary German.

Mr. Sheldon had three in the Romantic School, Lyric Poetry and the practice of writing German.

In French Mr. Jacquinot had two in the study of French Prose.

In Italian, two took the elementary course under Mr. Bendelari.

In Philosophy, Mr. Palmer had six in Metaphysics and Logic and three in the study of Locke, Berkeley and Hume.

In Political Economy, Mr. [James Laurence] Laughlin gave the advance course to one student who had begun the study the previous year.

In History, Mr. Emerton had three in the European History of the Middle Ages.

Mr. MacVane had one in the Mediaeval and Modern History of France and England, who had begun the previous year.

Mr. Young had eight in an Introduction to the Study of History. This was a course of lectures begun by Mr. Emerton, but resigned to Mr. Young on account of an unexpected pressure of other work.

In Mathematics, Mr. Peirce had one student in Quaternions.

Mr. Byerly had two in the Differential Calculus.

Mr. H.N. Wheeler had two in Analytic Geometry.

Mr. Briggs had six in Solid Geometry, Plan Trigonometry and Algebra.

In Physics, Mr. Willson had five in Descriptive Physics, — Mechanics, Light and Heat.

In Botany, Mr. Goodale had four in Laboratory Instruction in the Microscopic Anatomy, Physiology and Development of Plants.

In Astronomy, Mr. Waldo had two students in Descriptive and Practical Astronomy.

 

Readings and Lectures.

The Calendar of the University has been regularly posted upon our bulletin-board, and the students thus notified of the Lectures by the Professors, and the Readings from classical authors, to which they were privileged to go. A number of them have been present at the readings by Professor Child from Chaucer, at the lectures of Professor Lanman on the Veda, and at the Greek readings of Professors Goodwin, White, and Palmer, and of Mr. Dyer and Mr. Briggs. The performance of the Oedipus Tyrannus in Sanders Theatre was an extraordinary opportunity for becoming acquainted with a phase of Greek literature and life which was of as great advantage to the young ladies as to the students of the University.

 

Courses Offered but not Called For.

A comparison of the studies actually pursued by the young ladies and the electives offered in the circular at the beginning of the year shows that thirty-one courses of instruction, offered by twenty-three instructors, were not called for by actual students. Though some of the present students will take some of these courses at other stages of their progress, the comparison seems to indicate on the part of women seeking the higher education a tendency towards the traditional classical curriculum and not towards science, and that the preparatory schools offer advantages for obtaining a knowledge of French and Italian sufficient for most women. All the courses in Greek were taken.

The following list shows the courses not called for:—

LATIN. Latin Poetical Literature, Lectures on the Latin Poets. MR. SMITH. – Cicero, Lucretius and Seneca. MR. GOULD.

SANSKRIT and Comparative Philology. MR GREENOUGH.

ENGLISH. Milton. Lectures on English Literature. MR. PERRY. – Elocution. MR. TICKNOR.

GERMAN. Niebelungenlied or Gudrun. Selections from Goethe or Schiller. MR. LUTZ. — German Literature (Goethe, Schiller and Jean Paul). DR. HEDGE.

FRENCH. Elementary Course. French Prose. MR. JACQUINOT. – Romance Philology. MR. SHELDON and MR. BENDELARI.

ITALIAN. Elementary Course. MR. BENDELARI. — Dante. MR. NORTON.

SPANISH. Course by MR. BENDELARI.

PHILOSOPHY. Psychology. DR. JAMES. – German Philosophy (Critical Study of Kant, Hegel or Schopenhauer). DR. EVERETT. – Ethics. DR. PEABODY. – Advanced Logic. DR. PEABODY.

POLITICAL ECONOMY. Principles. Financial Legislation of the United States. MR. [James Laurence] LAUGHLIN.

HISTORY. The French Revolution. MR. BENDELARI. – The First Ten Christian Centuries or Catholic Civilization of the Middle Ages. Mr. ALLEN.

MUSIC. Harmony and Counterpoint. History of Music. The Instrumental Music of Haydn, Mozart, Beethoven and their successors. (Three distinct courses.) MR. PAINE.

MATHEMATICS. Cosmical Physics. Prof. BENJAMIN PEIRCE.

PHYSICS. Experimental Physics. (Mayer’s Treatise on Light and Sound.) MR. TROWBRIDGE.

MINERALOGY. Crystallography. Mineralogy. MR. MELVILLE.

NATURAL HISTORY. Physical Geography, Structural Geology and Meteorology. MR. DAVIS. – Elementary Botany. Under direction of MR. GOODALE. – Zoology. Lectures by MR. MARK. – Laboratory Work in the Anatomy and Histology of Animals. MR. MARK

[…]

The Future.

The Managers do not make prognostications regarding the future. Their simple purpose from the beginning has been to try the experiment of offering to women advantages that had previously been given to men only. They have in no way endeavored to attract students, but have merely proposed to supply the demands made upon them by duplicating the courses of instruction given in the College. Their success has been beyond their expectations. They have proved that there exists in the community a class of women capable of taking this grade of instruction, and requiring it. The co-operation of the Instructors of the College has been so cheerfully rendered and their work so carefully done that nothing is left to be desired in that direction.

The students have conducted themselves in a manner so exemplary and in all respects satisfactory, notwithstanding the almost entire freedom to which they have been left, that they have rendered the work of both Managers and Instructors pleasant, and have prepared the public to support the movement with heartiness.

The preparatory schools find that there is an increase in the number of young women taking the classical course, and they will soon become more effectual feeders to our classes. The prospect seems to be that the number of students entering for the course of four years will regularly increase, but a rapid augmentation of numbers can hardly be expected.

The Managers raised funds at the beginning of their work, sufficient, in their opinion, to carry it forward four years. Two of those have passed and the funds have not been drawn upon to so great an extent as was anticipated. It may be that the work can be continued for six years, but at the end of that time the Managers will consider that their work has been accomplished.

If, at that time, it appears that it is desirable to make the work permanent, the responsibility will be laid upon the public. Large funds will be required, and the Managers doubt not that they will be contributed.

The endowment at Cambridge of an Institution for Women of the high grade that the Managers have in view would be an honor to women, and women will be found ready to make it sure.

ARTHUR GILMAN.
Secretary

Cambridge, Mass.
December 10, 1881.

 

Source: Private Collegiate Instruction for Women by Professors and Other Instructors of Harvard College. Second Year Reports of the Treasurer and Secretary. Cambridge, Mass.: William H. Wheeler, 1881. Pages 3-6, 10.

________________________

THE SOCIETY FOR THE COLLEGIATE INSTRUCTION OF WOMEN.
THIRD YEAR.
[1881-82]

The year that has just closed marks an era in the history of the instruction of women by the Professors and other Instructors of Harvard College, for during it the. Managers have obtained a Charter under the seal of the State of Massachusetts, and a legal name, “The Society for the Collegiate Instruction of Women.”

The Charter states the objects of the organization to be to promote the education of women with the assistance of the Instructors in, Harvard University, “and for this purpose it empowers the Society to “employ teachers, furnish instruction, give aid to deserving students, procure and hold books, suitable apparatus ,and lands and buildings for the accommodation of officers, teachers and students,” to “perform all acts appropriate to the main purpose of the Association.” and to transfer “the whole or any part of its funds or property to the President and Fellows of Harvard College,” whenever the same can be so done as to advance the purpose for which the Society is chartered, in a manner satisfactory to the Association.

The Charter is ample for the present needs of the Society, and places it in a position to receive funds and to hold and administer them legally for the purposes of the collegiate instruction of women. It makes it practicable for the Society to raise a proper endowment to establish the work upon a permanent basis, and it seems that the moment has arrived when the contribution of an adequate fund will found an institution that will give women advantages in Cambridge equal to those enjoyed from time immemorial by their more favored brothers. The students are here in considerable numbers, and they are properly prepared for the instruction that is offered for them. Others are now passing through preparatory courses with the intention of coming here, and there is a prospect that the classes will be kept up year by year by a succession of earnest women who will go out to raise the average of intelligence throughout various portions of the land.

It may be said with some confidence that a fund of one-tenth the size of that represented by the property and endowments of Harvard University, contributed to this Society now, will give women greater privileges than are within their reach in America, and will make them permanent.

The Society not Creating, but Satisfying a Demand.

It is not the purpose of the Society to stimulate a demand for the education that it offers. Its directors have never held the doctrine that it is the duty of every young woman to pass through a regular course of study such as is represented by the four years’ course of the candidates for the Bachelor’s degree in College. It is their wish simply to offer to women advantages for this highest instruction, and to admit to the privileges of the Society any who may actually need them.

The teachers of America are to a large degree women, and it is desirable that all women who select this profession should be as well prepared to perform its duties as the men are who are engaged in similar work. But it is not teachers only who wish the highest cultivation of the mental powers. Many women study with us for the sake of the general addition to their knowledge. It is not demanded that every man who takes a collegiate course shall become a teacher, and more must not be expected of women.

Numbers of Students in the Different Classes.

 

Department No. of Classes. No. of Students.
Greek 4 23
Latin 4 16
English 4 25
German 4 14
French 2 4
Italian 1 1
Fine Arts 1 1
History 2 11
Mathematics 4 12
Physics 1 3
Botany 1 5

 

[…]

Courses Offered but not Taken

Latin. One course offered was not called for.
Sanskrit. Two courses.
English. One course.
French. Two courses.
Italian. One course.
Spanish. One course.
Philosophy. One course.
Political Economy. Two courses.
History. Three courses.
Fine Arts. One course.
Music. Three courses.
Astronomy. Two courses.
Mineralogy. Two courses.
Physical Geography. One course.
Meteorology. One course.
Botany. One course.
Zoology. Two courses. (One of Lectures and one of Laboratory Work.)

It appears that twenty-eight courses were given during the year, and twenty-seven that were offered were not given. This shows that the courses offered are for the present beyond the immediate demand for any one year, but, as the demand varies from year to year, with the progress of the different classes and the differing tastes and needs, of the students, the list of electives cannot be curtailed to advantage.

It will be seen that the managers have endeavored to use a liberal discretion in the application of the privilege reserved to them, of withholding any course not applied for by three properly prepared candidates. They have waived the rule in the case of any student whose stage of progress made any special course a necessity for her during the year. It must at times happen that the highest courses will be applied for by small numbers, and in such cases the rule must be occasionally waived, or the most advanced students discouraged.

 

Source: The Society for the Collegiate Instruction of Women by Professors and Other Instructors of Harvard College. Third Year Reports of the Treasurer and Secretary. Cambridge, Mass.: William H. Wheeler, 1882. Pages   3-5 ,7-8.

________________________

 

From Fifth Year [1883-84] Annual Report

Department No. of Classes. No. of Students
1882-83. 1883-84. 1882-83. 1883-84.
Sanskrit 0 1 0 1
Greek 5 6 23 43
Latin 4 4 22 27
English 3 4 15 38
German 3 3 14 18
French 1 1 4 5
Philosophy 1 2 5 11
Music 0 1 0 3
History 3 2 9 12
Mathematics 2 2 11 10
Physics 1 1 8 5
Astronomy 2 0 4 0
Botany 2 1 5 9
Totals 27 28 120 182

 

Source: The Society for the Collegiate Instruction of Women by Professors and Other Instructors of Harvard College. Fifth Year Reports of the Treasurer and Secretary, 1884. p. 9.

________________________

From Sixth Year [1884-85] Annual Report

 

Department No. of Classes.
1884-85.
No. of Students.
1884-85.
Greek 4 25
Latin 5 31
English 4 59
German 3 16
French 2 12
Philosophy 3 16
Political Economy 1 9
History 4 20
Mathematics 3 16
Physics 1 6
Zoology 1 4
Totals 31 214

[…]

Political Economy.

Nine heard lectures from Professor [James Laurence] Laughlin on Banking and on Finance, and studied under him Mill’s Principles of Political Economy.

 

Source: The Society for the Collegiate Instruction of Women by Professors and Other Instructors of Harvard College. Sixth Year Reports of the Treasurer and Secretary, 1885, p. 9, 11

 

_______________________

From Seventh Year [1885-86] Annual Report
November 16, 1886

[…]

Political Economy.

Professor [James Laurence] Laughlin. Mill’s Principles of Political Economy. Lectures on Banking and the Financial Legislation of the United States.—6 [students].

 

Source: The Society for the Collegiate Instruction of Women by Professors and Other Instructors of Harvard College. Seventh Year Reports of the Treasurer and Secretary, 1886, p. 12

________________________

 

From Eighth Year [1886-87] Annual Report
October 25, 1887

[…]

Political Economy.

Professor [James Laurence] Laughlin. Mill’s Principles of Political Economy. Dunbar’s Chapters on Banking. Lectures.—7 [students].

 

Source: The Society for the Collegiate Instruction of Women by Professors and Other Instructors of Harvard College. Eighth Year Reports of the Treasurer and Secretary, 1887, p. 11.

________________________

From Ninth Year [1887-88] Annual Report
November 5, 1888

[…]

Political Economy.

Professor [James Laurence] Laughlin and Mr. Coggeshall. — Mill’s Principles of Political Economy. Dunbar’s Chapters on Banking. Lectures on Money, Finance, Labor and Capital, Coöperation, Socialism and Taxation.—5 [students].

 

Source: The Society for the Collegiate Instruction of Women by Professors and Other Instructors of Harvard College. Ninth Year Reports of the Treasurer and Secretary, 1888, p. 18.

________________________

From Tenth Year [1888-89] Annual Report
October 29, 1889

[…]

Political Economy.

Professor [Frank William] Taussig and Mr. [Francis Cleaveland] Huntington. 1st half year. “Principles of Political Economy.” J. S. Mill (Laughlin’s Edition) Books I, II, III, and IV. Lectures on Co-operation (Mr. Taussig). 2nd half year, “Some Leading Principles of Political Economy.” J. E. Cairnes. The whole book except Chapters 4 and 5 of Part I. “History of Bimetallism in the United States.” J. L. Laughlin.—7 students.

 

Source: The Society for the Collegiate Instruction of Women by Professors and Other Instructors of Harvard College. Tenth Year Reports of the Treasurer and Secretary, 1889, p. 16.

________________________

From Eleventh Year [1889-90] Annual Report
October 28, 1890

[…]

Political Economy.

Mr. [Edward Campbell] Mason. First half year. Principles of Political Economy. J. S. Mill. Books I, II (omitting Chapters V-X), III (Chapters I-XVI). Second half-year. The working Principles of Political Economy, by S. M. Macvane. Chapters XXV XXVI. Principles of Political Economy. J. S. Mill. Books III (Chapters XVII, XVIII), V (Chapters I-VII). Some Leading Principles of Political Economy, by J. E. Cairnes. The whole book except Chapter 5, Part I.—5 students.

 

Source: The Society for the Collegiate Instruction of Women by Professors and Other Instructors of Harvard College. Eleventh Year Reports of the Treasurer and Secretary, 1890, p. 25.

________________________

From Twelfth Year [1890-91] Annual Report
October 27, 1891

[…]

Political Economy.

Mr. [Edward Campbell] Mason and Mr. [William Morse] Cole — Mill’s Principles of Political Economy: Book I; Book II, Chap. XI et seq; Book III, to chap. XXIV; Book IV, to chap. VII. Cairnes’s Some Leading Principles of Political Economy. Lectures: Socialism; Banking; Recent Financial History in U. S. During the first half year attention was given to the main principles of Political Economy. In the second half-year the object was to illustrate the application of principles dealt with in the first half-year, and to give general information on certain economic questions of practical importance. The work was mainly descriptive and historical and was carried on partly by lectures and partly by the discussion of the books mentioned above.—8 students.

 

Source: The Society for the Collegiate Instruction of Women by Professors and Other Instructors of Harvard College. Twelfth Year Reports of the Treasurer and Secretary, 1891, p. 23.

________________________

From Thirteenth Year [1891-92] Annual Report
October 25, 1892

[…]

Political Economy.

(Primarily for Undergraduates.)

Professor [Frank William] Taussig and Mr. [William Morse] Cole. — Mill’s Principles of Political Economy: Production; Wages, Profits, Rent; Value; Money and Credit; International Trade; Progress of Society; Taxation. Cairnes’s Some Leading Principles of Political Economy. Lectures; Social Questions, Banking, Recent Financial History in the United States. During three-quarters of the year attention was given to the main principles of Political Economy. During the remainder of the year the work consisted of the application of principles and the description of some leading economic features of society. — 17 students.

 

(For Graduates and Undergraduates.)

Mr. [Edward] Cummings. — The Principles of Sociology. — Development of the Modern State, and of its Social Functions.

An introductory course in sociology, intended to give a comprehensive view of the structure and development of society in relation to some of the more characteristic ethical and industrial tendencies of the present day.

The course began with a hypothetical consideration of the relation of the individual to society and to the State-with a view to pointing out some theoretical misconceptions and practical errors traceable to an illegitimate use of the fundamental analogies and metaphysical formulas found in Comte, Spencer, P. Leroy Beaulieu, Schaeffle, and other publicists.

The second part followed more in detail the ethical and economic growth of society. Beginning with the development of social instincts manifested in voluntary organization, it considered the genesis and theory of natural rights, the function of legislation, the sociological significance of the status of women and of the family and other institutions — with a view to tracing the evolution of certain types of society based upon a more or less complete recognition of the social ideals already considered.

The last part dealt with certain tendencies of the modern state, discussing especially the province and limits of state activity, with some comparison of the Anglo-Saxon and the continental theory and practice in regard to private initiative and state intervention in relation to public works, industrial development, philanthropy, education, labor organization, and the like.

Each student selected for special investigation some question closely related to the theoretical or practical aspects of the course; and a certain amount of systematic reading was expected. — 6 students.

 

Source: The Society for the Collegiate Instruction of Women by Professors and Other Instructors of Harvard College. Thirteenth Year Reports of the Treasurer and Secretary, 1892, pp. 25-26.

________________________

From Fourteenth Year [1892-93] Annual Report
October 31, 1893

[…]

History

(Primarily for Graduates.)

Professors [William J.] Ashley and [Abert Bushnell] Hart.— Seminary in Economic and American History. The purpose of this research course was to train students in the use of sources, in the collection of material, and in reaching independent results on important questions. Each student had frequent conferences with one or other of the instructors; the general exercises were lectures on methods by the instructors, and papers prepared by the students as reports of their work. The subjects studied were Manumission in America; the early phases of the Anti-slavery movement; the Freedman’s Bureau; Serfdom in England; the Black Death; and the Peasant’s Revolt of 1381. The students had the use of the Harvard College Library and of the various Boston libraries. — 6 students (1 graduate).

[…]

Economic [sic].

(Primarily for Undergraduates.)

Professor [William J.] Ashley and Mr. [William Morse] Cole. — The first half-year was devoted to a consideration of the main conceptions of Political Economy, and the work took the form of recitations based upon Mill’s Principles.
The class read the chapters on the functions of labor, capital and land and the laws governing their increase; on the distribution of produce among laborers, capitalists and landholders; on the exchange value, both domestic and international, of commodities; on the functions of money and the laws governing its value; on the influence of progress upon the production and distribution of wealth. The class-room work consisted of general informal discussion suggested by the chapters read, with the intent that the students should acquire facility in independent thinking upon economic subjects.
The second half-year was chiefly occupied by lectures on Socialism, Methods of Industrial Remuneration, Taxation, Protection, Banking and Currency. Students were required to read certain portions of Rae, Contemporary Socialism, Schloss, Methods of Industrial Remuneration, Dunbar, Banking, Taussig, Silver Situation, and other works. — 8 students.

 

Professor [William J.] Ashley. — The Economic History of Europe and America, down to the Eighteenth Century. This course of lectures and exercises dealt with the following topics, among others; the scope and purpose of economic history; the agricultural and industrial organization of the Roman Empire, — the villae and collegia; the tribal system of the Celts, Teutons, and Slavs; the problem of the origin of the manor; the manor in its complete form, and its subsequent transformation; the rise of commerce and industry, and the history of merchant gilds and craft gilds in relation thereto; the organization of international trade in the Middle Ages; the agricultural changes of the Sixteenth Century in England and elsewhere; the great trading companies; the woollen trade of England, and the domestic system of industry; the transition from English to American agrarian conditions. — 8 students.

 

(For Graduates and Undergraduates.)

Mr. [Edward] Cummings. — The Principles of Sociology. — Development of the Modern State, and of its Social Functions. An introductory course in sociology, intended to give a comprehensive view of the structure and development of society in relation to some of the more characteristic ethical and industrial tendencies of the present day.
The course began with a hypothetical consideration of the relation of the individual to society and to the State — with a view to pointing out some theoretical misconceptions and practical errors traceable to an illegitimate use of the fundamental analogies and metaphysical formulas found in Comte, Spencer, P. Leroy Beaulieu, Schaeffle, and other publicists.
The second part followed more in detail the ethical and economic growth of society. Beginning with the development of social instincts manifested in voluntary organization, it considered the genesis and theory of natural rights, the function of legislation, the sociological significance of the status of women and of the family and other institutions — with a view to tracing the evolution of certain types of society based upon a more or less complete recognition of the social ideals already considered.
The last part dealt with certain tendencies of the modern state, discussing especially the province and limits of state activity, with some comparison of the Anglo-Saxon and the continental theory and practice in regard to private initiative and state intervention in relation to public works, industrial development, philanthropy, education, labor organization, and the like.
Each student selected for special investigation some question closely related to the theoretical or practical aspect of the course; and a certain amount of systematic reading was expected. — 3 students.

 

Source: The Society for the Collegiate Instruction of Women by Professors and Other Instructors of Harvard College. Fourteenth Year Reports of the Treasurer and Secretary, 1893, pp. 34-38.

Image Source: Fay House,   Radcliffe College Archives W359459_1.

 

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Economists Harvard

Harvard. Graduates’ Magazine reports on Economics Dept. 1892-1904.

The Harvard Graduates’ Magazine. Vol. 1, October, 1892, pp. 116-117.

ECONOMICS.

Ten years ago, the Department of Political Economy had one professor and one instructor, neither giving all of his time to the subject. At present, the Department of Economics has three professors and two instructors. The change in name, from Political Economy to Economics, indicates of itself an enlargement of the range of subjects. The number of courses offered has grown from two to a dozen, with a corresponding development in the variety of topics treated. The increase in the number of students is indicated by the fact that the first course, introductory to the rest, which was taken ten years ago by perhaps fifty students, now has over three hundred. This striking development is significant of the rapid increase in the attention given to economic problems by the public and by our institutions of learning. The staff now consists of Professors Dunbar, Taussig, and Ashley, and Messrs. Cummings and Cole. Professor Ashley enters upon his duties for the first time this autumn, his chair being a newly created one of Economic History. Professor Dunbar continues to edit the Quarterly Journal of Economics, which was established by the University in 1886 with the aid of a fund contributed by John Eliot Thayer, ’85, and which has an established position among the important periodicals on economic subjects. The Department has recently done service to economic students by a reprint, under Professor Dunbar’s care, of Cantillon’s Essai sur le Commerce, a rare volume of importance in the history of economic theory; and it has now in press a volume of State Papers and Speeches on the Tariff, meant to aid students of the tariff history of the United States. For its growth in the past the Department has depended wholly on the expenditure by the Corporation of unpledged resources. No doubt the increasing sense of the importance of economic study will in time change the situation in this regard, and will make this department as attractive for benefactors as those which are older and more familiar.

F. W. Taussig, 79.

 

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The Harvard Graduates’ Magazine. Vol. 1, July, 1893, p. 576.

[Birth of a semester system, emphasis added]

The elective pamphlet announcing the courses to be offered in 1893-94 by the Faculty of Arts and Sciences contains few striking changes. There is a tendency manifested in it to increase the number of half-courses beginning or ending in February, at the time of the mid-year examinations. Thus History 12 is split into two halves, the first half being on the recent history of Continental Europe, and the second half on the recent constitutional history of England; Economics 7 is cut in two, and Economics 12 is established as two half-courses, one on International Payments and the Flow of Precious Metals, and the other on Banking and the History of the Banking Systems. Other examples might be given to emphasize the drift towards something akin to a division of the year into two semesters, particularly for the convenience of graduate students. 

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The Harvard Graduates’ Magazine. Vol. 1, July, 1893, p. 590.

ECONOMICS.

In the department of Economics several new courses are offered for 1893-94. Professor Dunbar offers two half-courses, one on international payments and the flow of the precious metals from country to country, the other on banks and the leading banking systems. The two half-courses come at the same hours in the first and second half-years, and, when taken together, form a convenient full course running through the year. This new course will alternate with Course 7, on taxation and finance, which is to be omitted in 1893-94, and will be resumed in 1894-95. — Professor Ashley offers a course on Economic History, from the Middle Ages to modern times, which will take the place of the former Course 4, on the economic history of Europe and America since the middle of the eighteenth century. The new course covers a longer period than was covered in Course 4, and will supplement effectively the instruction in history as well as in economics. Professor Ashley also offers a new half-course, intended mainly for advanced and graduate students, on land tenure and agrarian conditions in Europe. — Professor Cummings offers a half-course, also intended for advanced students, on schemes for social reconstruction from Plato’s Republic to the present time, including the proposals of Bellamy and Hertzka. The course is meant to give opportunity for the discussion of social and political institutions and of socialist theories. — Economics 1, the introductory course in the department, will be remodeled in part in the coming year. A somewhat larger proportion of the exercises will take the form of lectures to all members of the course. Professor Taussig will lecture on distribution and on financial subjects, Professor Ashley on economic development, Professor Cummings on social questions.

F. W. Taussig, ’79.

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The Harvard Graduates’ Magazine. Vol. 3, March, 1895, pp. 383-384.

ECONOMICS.

The matter that has of late most engaged the attention of the Department has been the welcome and yet embarrassing growth in the number of students taking the introductory course known as Economics 1. This has risen from 179 in 1889-90 to 201 in ’90-91, 288 in ’91-92, 322 in ’92-93, 340 in ’93-94, until in the present year it is 398. Such an increase necessarily raises grave questions both of educational method and of academic discipline. Those professors to whose labors in past years the success of the course has been due are still of opinion that the recitation method, in its best form, — the discussion day after day and chapter by chapter of some great treatise like the work of John Stuart Mill, — furnishes a mental training such as no other plan can provide. But for its successful practice it is necessary either that the class should be quite small, or that, if divided, the sections should be few and small. Accordingly it became evident that some modification of plan was necessary; and last year the arrangement was hit upon of retaining the section work for the greater part of the year, but diversifying it with three months of set lectures at different periods by Professors Taussig, Ashley, and Cummings. The experiment was so satisfactory that it has been repeated this year; and, in the absence of Professor Taussig, Professors Ashley and Cummings have each lectured for six weeks. If the numbers continue to grow, it may seem advisable in the future to take further steps in the same direction. But Upper Massachusetts, in spite of its historical associations, has abominable acoustic properties; the room in Boylston, which was suggested as an alternative, is redolent of Chemistry; and it may ultimately become necessary to invade the sacred precincts of Sanders Theatre. — In the absence of Professor Taussig upon his sabbatical, before referred to, his course on Economic Theory (Econ. 2) has been divided into two half-courses, and undertaken by Professor Ashley and Professor Macvane. Professor Macvane’s action will do something to break down that middle wall of partition between departments which is sometimes so curiously high and strong in this University of free electives. It need scarcely be added that to those who know how considerable have been Professor Macvane’s contributions to economic theory, and how great his reputation is with foreign economists, he seems altogether in place when he takes part in the economic instruction of Harvard University. — Professor Taussig’s course on Railway Transportation (Econ. 5) has been assigned for the present year to Mr. G. O. Virtue, ’92; his other courses have been suspended. — Mr. John Cummings, ’91, has returned, with a year’s experience as instructor and his doctorate, from the University of Chicago, and is now an Assistant in Econ. 1; he is also offering a new course on Comparative Poor Law and Administration. — The instructors in this, as in other Departments, find themselves increasingly hampered by the difficulty of providing the necessary books for the use of students. Oxford and Cambridge Universities, with hardly more students than Harvard, have libraries in every college, together with the Union libraries and the University libraries; here in Harvard, if an instructor in class mentions any but the best known of books, the chances are that there is only one copy in the place,— that in the University Library; and unless he has been provident enough to have that book “reserved,” some undergraduate promptly takes it out, and nobody else can see it. It is true that undergraduates ought to buy more books; but frequently there is not a copy to be had even in the Boston bookstores. It would certainly be a great relief if the societies could see their way to create, each for itself, a modest working library of a few hundred books. Meanwhile something may be done by strengthening the Departmental Library in University Hall. This, which owes its creation to the generosity of some of the members of the Class of 1879, is in urgent need of enlargement; and the professors in the Department will be glad to hear from any graduate whose eye this happens to catch. — Finally, it may be advisable to mention that, as the result of careful deliberation on the part of the members of the Division Committee, a detailed statement of requirements for the Degree of Doctor of Philosophy in Political Science was drawn up last spring, and will now be found at the end of the Division pamphlet This Statement is noteworthy in that it defines for the first time the “general” examination, and the examination on “a special field;” and also for the stress it lays upon “a broad basis of general culture ” as the foundation of specialist work. “A command of good English, spoken and written, the ability to make free use of French and German books, and a fair acquaintance with general history ” are mentioned as “of special importance.”

W. J. Ashley.

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The Harvard Graduates’ Magazine. Vol. 4, December, 1895, pp. 242-243.

ECONOMICS.

The Department of Economics began its work for the year under unfortunate circumstances. Professor Dunbar, its honored head, was compelled by ill-health to withdraw from academic work for the year, and was given leave of absence by the Corporation. His withdrawal rendered necessary changes in the courses of instruction. Of those announced to be given by Professor Dunbar, course 7, on Financial Administration and Public Debts, was undertaken by Dr. John Cummings, and course 12, on Banking and the History of the Leading Banking Systems, by Professor Taussig. The additional work thus assumed by Professor Taussig was made possible through the aid of Professor Macvane, who will conduct during the second half-year that part of Economics 2 which had been announced to be given by Professor Taussig. Course 8, on the History of Financial Legislation in the United States, has been shifted to the second half-year, and will then be given by Dr. Joseph A. Hill, A. B. ’86, Ph. D. ’92. By this rearrangement all the courses originally announced will be given, and no diminution in the Department’s offering results from Professor Dunbar’s absence. — Another change has taken place, affecting course 1. The numbers in this introductory course have grown steadily of late years, and it is now taken annually by about 400 men. It had been the policy of the Department to conduct it not by lectures, but mainly by face to face discussion, in rooms of moderate size, the men being divided into sections for this purpose. As the numbers grew, however, it became more and more difficult to keep the sections at a manageable size, to find convenient rooms for them, and to secure efficient instructors. The alternative of lecturing to the men in one large room had long presented itself, but the probable educational advantages of instruction in smaller rooms by sections caused this alternative to be avoided. For the present year, however, the withdrawal of Professor Dunbar rendered some economizing of the force of the Department necessary, and it has been accordingly determined to try the lecture plan for the current year. All the members of the course meet in Upper Massachusetts, — a room which, by the way, proves reasonably well adapted for this use, — and there are given lectures by the various instructors who take part in the course. By way of testing their reading and securing for the instructors some evidence as to their attainments, a system of weekly written papers has been introduced. On a given day of each week the students write answers to questions bearing upon the work of that week and of previous weeks. These answers are examined and corrected, and serve as a means of estimating the diligence and attainments of the students. Whether this radical change of plan will prove to be advantageous remains to be decided by the year’s experience; but it indicates a change in the methods of college work which is making its way in all directions, and which presents new and difficult problems to instructors. — The Seminary in Economics opens the year with sixteen advanced students of good quality, and promises well. Two are Seniors in Harvard College; the remainder are members of the Graduate School. Four are candidates for the degree of Doctor of Philosophy at the close of the current year. The growth of the Seminary in numbers and the better organization of its work are part of the general advance of the Graduate School, which is now reaping the fruits of the marked gains it has made in recent years.

F. W. Taussig, 79.

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The Harvard Graduates’ Magazine. Vol. 7, March, 1899, pp. 427-8.

ECONOMICS.

Like other departments, that of Economics finds itself confronted with the problem of the best mode of dealing with large numbers of students in the courses much sought for, and especially in the general introductory course. Economics 1 is now regularly chosen by from 450 to 500 students. Well-nigh every undergraduate takes it at some stage of his college career, and the question of its numbers seems to be simply a question of the number of students in the College and Scientific School. This great demand for general training in the subject has imposed on the Department an obligation to make its instruction as stimulating and efficient as may be, and yet has made this task more difficult than ever before. Inevitably, the old method of dividing the course into sections for all of the instruction has been abandoned. Its place has been taken by a mixed method of lectures and oral exercises. Twice a week, lectures are given to the whole course in one large room. Upper Massachusetts, remodeled, reheated, and reseated, serves for these lectures, — not well, but not unendurably ill; there is great need, for the use of the large courses, of a new and well-equipped building. The lectures are largely in the nature of comment on assigned reading. The third hour in the week is then given to meetings in sections of moderate size, in which the lectures and the reading are subject to test and discussion. The course is divided into some fifteen sections, each of which meets its instructor once a week. At these exercises, a question is first answered in writing by each student, twenty minutes being allowed for this test; the remainder of the hour is used in oral discussion. Some continuous oversight of the work of students is thus secured, and opportunity is given for questions to them and from them. A not inconsiderable staff of instructors is necessary for the conduct of the sections, and a not inconsiderable expenditure by the Corporation for salaries; but some such counter-weight on the lecture system pure and simple is felt to be necessary. The Department has been fortunate in securing trained and competent instructors for this part of the work; and the new method, if not definitively adopted, is at least in the stage of promising experiment. — During the second half year of 1898-99, the place of Professor Ashley, who is absent on leave, is taken by Dr. Wm. Cunningham, of Trinity College (Cambridge, England). Dr. Cunningham and Professor Ashley are easily the leaders among English-speaking scholars on their subject, economic history; and the Department has cordially welcomed the arrangement by which the scholar from the Cambridge of England fills the place, for the time being, of the scholar of the American Cambridge. Dr. Cunningham gives two courses in the current half year, — one on Western Civilization in its Economic Aspects, Mediaeval and Modern, the other on the Industrial Revolution in England.

F. W. Taussig, ‘79.

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The Harvard Graduates’ Magazine. Vol. 8, December, 1899, p. 223.

ECONOMICS.

The Department finds, as usual, large numbers of students to deal with during the current year. In the introductory course, Economics 1, nearly 500 students are enrolled, and once again it appears that the University has no good lecture room adequate for the accommodation of such numbers. The system of instruction which has been in use in this course for several years is continued. For part of the time, lectures are given to all members of the course; for the remainder of the time, it is split into small sections for question and discussion. So long as lectures are given at all, there is little gain from splitting the course into two or more parallel courses, as has sometimes been proposed; but the absence of a good lecture room for the whole number makes the present situation trying. In its advanced courses, the Department has again the services of Prof. Ashley, who returns after a year’s leave of absence, and finds large numbers enrolled in his course on modern economic history. His advanced course, on the history and literature of economics to the close of the 18th century, also attracts a satisfactory number of mature students. Prof. Cummings omits for the year his course on the labor question; but compensation for this is found in Philosophy 5, a course having a similar range of subjects, which is again given by Prof. Peabody, who has returned from his year’s leave of absence. Professors Dunbar and Taussig give, without material change, the courses usually assigned to them. — The Department assumes some additional burden through a change in its plans for the publication of the Quarterly Journal of Economics. That journal, whose 14th volume begins with the opening issue of this year, is hereafter to appear in more ambitious form. Its size will be somewhat increased, the departments varied, and the elaborate bibliography of current publication will be strengthened. At the same time the price goes up from $2 to $3 a year, — a change which, it is hoped, can be carried out without a loss of subscribers.

F. W. Taussig, 79.

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The Harvard Graduates’ Magazine. Vol. 10, December, 1901, pp. 261-2.

ECONOMICS.

An unusual number of changes have to be noted in this Department. Prof. Taussig’s leave of absence, and Prof. Ashley’s recent resignation, have made it necessary to call in several men from the outside to give instruction during the present year. Prof. Taussig’s work is provided for in part by Prof. C. J. Bullock, of Williams College, who is giving the courses on finance and taxation, — and in part by a redistribution of the work among the members of the regular teaching staff. Dr. Andrew has charge of Economics 1, and Dr. Sprague of Economics 6, on the Economic History of the United States. Prof. Ashley’s courses, as announced for the year, have been provided for as follows: Prof. Wm. Z. Ripley, of the Massachusetts Institute of Technology, is giving course 5 on Statistics, and is to give the latter half of course 17 on the Economic Organization and Resources of European Countries, Mr. Meyer having charge of it during the first half year. Dr. C. W. Mixter is giving course 15 on the History and Literature of Economics to the opening of the 19th century. In addition, Prof. Ripley is giving course 5a on Railway Economics. In the second half year, Mr. W. F. Willoughby is to give courses 9 and 9a on Problems of Labor. — The courses preparing for a business career have been extended somewhat. Mr. W. M. Cole continues his course on the Principles of Accounting, and Prof. Wambaugh his course on Insurance. In addition to these, Mr. Bruce Wyman is conducting a new course on the Principles of Law in their Application to Industrial Problems, using the case method as it has been developed in the Law School. The popularity of these courses, in spite of the unusual severity of the examinations, is some indication of their success, and suggests, at least, the practicability of still further extensions. While there is a tendency in some quarters to carry the idea of commercial education to extremes, it is to be noted that these courses neither pretend to take the place of business experience, nor to teach those things which can be learned better in a business office than in any institution of learning. Moreover the work is confined to a mastery of principles and not to the gaining of general information. — The number of students in the Department continues large, there being upward of 480 in course 1, and about 1100 in the Department as a whole, not excluding those counted more than once. The housing of Economics 1 continues to be a problem, as Upper Massachusetts is uncomfortably packed at each meeting. More difficult, however, is the problem of finding small rooms for the 11 sections into which this class is divided for discussion and consultation once each week. — The Board of Overseers have confirmed the appointment of Dr. A. P. Andrew, Dr. O. M. W. Sprague, and Mr. H. R. Meyer as instructors without limit of time. — The change from two dollars to three dollars per year in the subscription price of the Quarterly Journal of Economics has been followed by no diminution in the number of subscribers, and the hope of the editors that the Journal might be conducted on a somewhat more ambitious scale is being realized.

T. N. Carver.

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The Harvard Graduates’ Magazine. Vol. 11, December, 1902, pp. 247-248.

ECONOMICS.

Prof. Taussig’s continued absence has occasioned some readjustment of work within the Department during the present year. Dr. A. P. Andrew has full charge of Course I, Dr. O. M. W. Sprague of Course 6, and Prof. T. N. Carver of Course 2, while Prof. Taussig’s course on Adam Smith and Ricardo has been combined with Dr. C. W. Mixter’s course on Selected Topics in the History of Economic Thought since Adam Smith. Prof. W. Z. Ripley, formerly of the Massachusetts Institute of Technology, has accepted a professorship in our Department, and is giving Course 9 on Problems of Labor and Industrial Organization, the first half of Course 3, on the Principles of Sociology, the second half of Course 17, on the Economic Organization and Resources of European Countries, and Course 4, on the Theory and Method of Statistics. Dr. E. F. Gay, who has spent several years in Europe investigating in the field of economic history, has accepted an instructorship here, and is giving Courses 10 and 11, on the Economic History of Mediaeval and Modern Europe.

The interest in the work of the Department continues to grow. Economics I has 542 students, as compared with about 480 at this time last year. Mr. Wyman’s course (21), on The Principles of Law in their Application to Economic Problems, now contains over 60 students, as compared with 38 last year. Other courses show no great variation one way or the other, except Prof. Ripley’s course in Statistics. The interest which is being revived in this too much neglected field promises well for the future of economic studies in Harvard.

The change in the hour of Economics I from Monday, Wednesday, and Friday, at 9, to Tuesday, Thursday, and Saturday, at 11, was necessary in order to find a suitable room. This makes it possible for a larger number of Freshmen to elect the course, since it no longer conflicts with History I. Whether this is going to prove advantageous or not remains to be seen. At present the policy is to discourage Freshmen from electing this course. If there should be a considerable increase in the number of men who complete the college course in three years, it may be advisable to allow some of the more mature members of the Freshman Class to take Economics I. In that case it will be necessary to increase the number of courses which are somewhat general in their scope. Thus the course on Economic Theory (2) might be made somewhat less special than it now is, and a new course covering the general field of Practical Economics might be started. In this way the evils of too early specialization might be avoided. However, no definite policy has as yet been decided upon.

The Department has secured the use of Room 24, University Hall, as headquarters. In this room the mail of the Department and of the Quarterly Journal of Economics will be received, and the exchanges will be available for immediate inspection. This room has also been fitted up with drawing tables and other apparatus necessary for practical work in statistics. It is the purpose to make it a statistical laboratory.

The accounts of the Quarterly Journal of Economics are satisfactory, and the subscription list is making slow but substantial gains.

T. N. Carver.

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The Harvard Graduates’ Magazine. Vol. 11, June, 1903, pp. 560-562.

ECONOMICS.

An interesting comparison between the allied departments of History and Economics is shown below on the basis of the number of students electing such courses. Some of the novel problems entailed by the rapid growth of the very large courses are now being considered by both departments. This rapid growth in large courses, coupled with the increase in the number of highly specialized courses, is bound to make necessary a constant increase in the instructing staff, if full justice to the work is to be done. Among the new courses offered for next year are the following: Economics of Agriculture, by Prof. Carver; Corporation Finance, by Prof. Ripley; Outlines of Agrarian History, by Prof. Gay; and American Competition in Europe since 1873 and The Indirect Activities of the State in Australasia and in Europe, by Mr. Meyer. A general revision of the methods of the Seminary is also under consideration, although plans in that direction are not as yet completed,

 

1902-3. STUDENTS IN ECONOMICS.

ECONOMICS.

HISTORY.

1st half year 1st half year

Econ.

5 60 Hist. 12a 93

7b 21 16a 151 244
8a

100

2d half year

12a 10 Hist. 12b 79

10 16 16b

148

18 45 252 29 86

313

2d half year ½ course thro yr.

Econ.

8b 152 Hist. 17 4

4

11b

19

Whole courses.

12b 43 Hist. 1

506

16 29 243 3

6

½ course thro yr.

4

7

Econ.

4 15 15 6

19

Whole courses.

8

8

Econ.

1 519 9 36

2 26 10 188

3 45 11 67
6 122 13

214

9 111 15 13
14 15 20d

3

17 9 20e 12
20 11 21

1

20a 5   25

3

21 60 26 11

22 6(?) Hist. of Relig. 2 50

1144

Deduct 50 given by another Faculty

1705

1655

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Whole courses

11

Whole courses

16

Half-courses

11

5 ½

Half-courses

6

3

16 ½

19

Including 5 courses of over 100 students, of which 2 are half courses. Including 5 courses of over 100 students, of which 2 are half courses.

A prompt response to suggestions made to the committee on instruction in economics of the Board of Overseers, as to the needs of the Department, has been made by Mr. Arthur T. Lyman in the shape of a gift of $500, to be expended in the preparation of charts, maps, and other illustrative material. The courses in general descriptive economics, it was felt, can be very greatly improved by the use of such material. Chart cases had already been installed in the new department headquarters, but this will enable the services of an expert draftsman for commencing the preparation of a suitable collection.

Among the other needs of the Department expressed at this meeting was that of an adding and computing machine for use in connection with the courses in Finance and Statistics. It was felt that the so-called “Burroughs Adder,” so generally in use in banking houses and statistical offices, could be utilized to great advantage in the prosecution of original work. The cost of such a machine is approximately $350. It is also to be hoped in the course of time that a collection of illustrative material other than maps may be commenced. This would include, for example, samples of the leading raw materials whose classification enters into tariff discussions and debates, photographs of social and industrial establishments, and other material of this sort. Such a collection, within moderate limits, along the lines of the Philadelphia Commercial Museums, has already been begun at Dartmouth, Ann Arbor, and other places. It should be kept in mind as a possible department at Cambridge.

 

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The Harvard Graduates’ Magazine. Vol. 12, December, 1903, p. 246.

ECONOMICS.

Prof. Taussig has returned after an absence of two years, entirely restored in health. His resumption of work completes the working corps in the department, enabling it to offer its full list of announced courses. The number of graduate students is considerably increased over the preceding years, and there is every prospect of a successful resumption of the regular work in all lines.

The November number of The World’s Work contains the first of a noteworthy series of articles by Prof. Carver upon agricultural conditions in the West. Prof. Carver made a tour of some hundreds of miles on horseback during the summer, principally in the corn belt. It is his intention to supplement this tour by similar observations in other parts of the country in the coming years. This issue of The World’s Work forms distinctively a Harvard number, containing also an article on The Progress of Labor Organizations, by Prof. Ripley.

Among the new courses announced for this year are several by Prof. Bullock, one upon “The History and Literature of Economics,” with an additional research course entitled “Studies in American Finance.” Prof. Gay’s course upon ” The German Economists” last year met with so cordial a response that it has been expanded to a full course, covering the French as well as the German authorities. Mr. H. R. Meyer, having re- signed as an instructor, will continue as a lecturer, giving two courses upon “American Competition in Europe since 1873” and “The Industrial Activities of the State in Australasia and in Europe.”

W. Z. Ripley.

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The Harvard Graduates’ Magazine. Vol. 13, December, 1904, p. 278.

ECONOMICS.

Economics 1 opens with an enrolment of 491 students, and is again the largest elective course in College. Government 1 is a close second, with 481 students; History 1 has 436. The numbers in Economics 1 are distinctly less than last year, which doubtless reflects the decline in attendance in the College at large. More than half of the total are Sophomores (255) ; the Juniors number 102, and the Freshmen 73. The resort to these three courses shows how strong is the trend to ward instruction in subjects connected with political life, and how great is the need for careful teaching and careful organization. Economics 1 continues to be conducted on the system which has been in use for some years past, and has been followed also in Government 1 and History 1. Two hours of lectures are given each week; for the third hour the course is divided into sections, in which there is a weekly examination, coupled with oral discussion of the subjects taken up during the week. Five assistant instructors conduct these sections, and the system seems to solve the problem of large courses satisfactorily.

In line with the policy adopted last year in the Department of paralleling the various undergraduate courses with advanced courses for graduate students, involving more or less research in each special field, Prof. Andrew is this year giving an advanced course upon the theories of crises, as a continuation of his larger course upon crises and cycles of trade.

An experiment intended to deal with the increasing difficulty of giving required reading to constantly enlarging classes will be tried in Economics 9b, through the publication of a casebook in economics similar to those in use in the Law School. The plan is to reprint official documents and detailed descriptions of particular phases of corporate economics, leaving to the lectures the task of supplying the connecting links and of tracing the development of the subject as an organic whole.

A valuable collection of charts of railway mortgages has recently been acquired through the generosity of graduates. These charts, prepared for the different railway systems, illustrate the exact character and situs of the securities. The collection of other charts and diagrams, made possible through the generosity of Mr. Arthur T. Lyman, is also making progress.

Source:  See the listings for the Harvard Graduates’ Magazine at Hathitrust. These are some of the items found using the index for the first twenty volumes.