Tag: Gay

Pennsylvania. Rejected proposal to the Committee on Research in Economic History. Kuznets, ca. 1941

Post author By Irwin Collier
Post date 2022-05-23

The economic historian Earl J. Hamilton’s papers at the Economists’ Papers Archive at Duke University are, we shall say, rather disheveled, though not quite in the archival dusty way that John Maurice Clark’s papers at Columbia University are found by the rummaging historian. There are numbers of folders that might as easily be labelled “Everything plus the kitchen sink, 1930-1970” and it was in one such folder that the following undated memorandum of Simon Kuznets was found.

The backstory to this memo is that sometime around 1941 Simon Kuznets (then a forty-year old professor at the University of Pennsylvania) self-nominated his quantitative approach to economic history to become one of the pillars of a major project in economic history to be supported by the Rockefeller Foundation through the Social Science Research Council. His project was rejected which just might have had something to do with his later resignation from the Committee. The larger context is described in Arthur H. Cole. The Committee on Research in Economic History: An Historical Sketch. The Journal of Economic History, vol. XXX, No. 4 (December 1970), pp. 723-741.

In the debate pertinent to the fields most worthwhile for the Committee, considering the whole situation of public needs, quantum of research funds, paucity of existing talent, and the like, two proposals were elaborated for Committee consideration, both of which caused much debate and a postponement of decision on the selection of suitable subjects. One was submitted by [Edwin] Gay. He had apparently been much impressed by the summaries of changes in national foreign policies which Arnold Toynbee was then preparing for publication in England. (One of Gay’s personal connections was that of treasurer and active member of the Council on Foreign Relations.) He suggested a continuing group to record the significant alterations of conditions in the principal segments of the American economy. After lengthy debate, it was decided that this project would entail too great a commitment of our limited funds, and the proposition was tabled-and never called back into debate. The second scheme was that which Kuznets has prosecuted over the past two or three decades. At the period of our debate, he seemed unable to outline his program and define his objectives in a manner that satisfied his fellow members of the group. In the end this proposal also was shelved-permanently. Happily Kuznets did secure other financial backing within a few years and has been busy with the investigation ever since: the measurement of economic change and a determination of its cause. [p. 728]

In an earlier article, the (losing) Kuznets and Gay proposals were not mentioned however the winning topics were named in Arthur H. Cole, Committee on Research in Economic History: A Description of Its Purposes, Activities, and Organization. The Journal of Economic History. Vol. 13, No. 1 (Winter, 1953), pp. 79-87.

The Committee on Research in Economic History owes its start to the scholarly interests of Dr. Joseph H. Willits and Dr. Anne Bezanson, at that time both associated with the Rockefeller Foundation. A committee of inquiry was nominated by them; a report of the needs of economic history was drafted by the committee; and, at the instance of Dr. Willits, a grant was made by the Foundation. In all these latter proceedings, Dr. Edwin F. Gay, director of research at the Huntington Library and the dean of American economic historians, was the energizing element. The grant was made in 1940.
During the following ten years, the committee operated as an organ of the Social Science Research Council. Subsequently it withdrew from the Council, secured incorporation as a nonprofit institution under the laws of the District of Columbia, and is now an independent body.
The objective specified for the committee in the grant of the Rockefeller Foundation was broad but simple: merely to develop the field of economic History….
…The specific areas in economic history which the committee found to be especially worthy of research attention and to which it decided initially to devote effort were (i) the relation of the state to American economic development; (2) the evolution of the corporation in the United States and Canada; (3) the history of banking in these same areas; and (4 ) the role of entrepreneurship in our economic progress. [pp. 79-80]

_________________________

Memorandum on General Bases of the Research Program

To: Members of Committee on Research in Economic History
From: Simon Kuznets

The concern of economic history is to describe and analyse changes over time in the structure and performance of an economic system. This should comprise not only qualitative changes in character of economic organization or faults in its structure (associated with such events as wars or revolutions), but also (b) quantitative measures of the economic factors and of their performance. Whatever may be said of the adequacy with which the discipline of economic history carried through task (a), it has, for various reasons, neglected (b). Yet it is in the combination of study of qualitative changes and structural faults with a quantitative analysis of factors, their interrelations and their performance, that lies the way to significant results.
The aims of economic history may be viewed as (a) providing economic changes, raw materials so as to reveal the lines of causal relation among them, and the patterns of quantitative change — all in application to the concrete historical unfolding of economic events, but with a view to results that can serve as tests and cornerstones for analysis of the present and prognosis of the future. The two aims are interdependent. Whatever may be said of the past efficiency of the discipline of economic history in satisfying aim (a), there appears to be a pressing need for strengthening its performance in attaining aim (b). Also, there is an obvious relation between the neglect by economic history in the past of quantitative analysis of the substantive performance of the economic system and its failure to interpret economic change in analytical categories (i.e., between 1b and 2b)
The adequacy or inadequacy of any specific study of qualitative changes in economic structure, or of any collection of raw materials, is to be judged in terms of the analytical uses to which the results can be put. The need for new data, whether qualitative or quantitative, can be seen clearly only in the light of a study guided by some significant problem which one intends to analyse in terms of historical experience. There is no way, barring the extreme and unimportant cases of complete absence of any empirical data, to determine the adequacy of raw materials and the character of the lacunae, except by coming to the data with a broad and well articulated question to which one seeks an answer.
Hence, the Committee should, in planning its research program, consider the advisability of selecting at least one broad problem, one comprehensive study that could serve as a focus of whatever narrower undertakings may be launched. In view of the need of emphasizing a combination of historical-qualitative, statistical and analytical methods of inquiry, the broad central study should force the investigators to use fully each and all of these types of research tools. This, of course, does not mean that similar combination of research tools should not be employed in any of the narrower studies the Committee may wish to launch.
As stated in my earlier communication, it seems to me that such a central comprehensive study could be formulated on, the broad topic of economic change in this country, to comprise: (a) a study of long term changes; (b) a study of shorter term recurrent fluctuations; and supplemented by (c) a chronological record of specific changes of the type provided by economic annals. (a) The study of long term or secular changes would deal with the quantitative aspects of the growth of population, production, size and organization of enterprise, various facets of the trade, transportation and credit systems, relation of domestic and foreign trade, relation of government etc. to the economic system, and so on. It would attempt to show how fast or slow such changes were in the past; what were the quantitatively measurable or qualitatively recordable factors that appeared to determine these rates or their changes; and what elements of persistence and variation in these long term trends can be discerned. (b) The study of shorter term fluctuations would attempt to present a record of business cycles in this country in their historical succession their peculiarities, in the light of qualitative and quantitative data available as well as of the hypotheses offered by economic theory. (c) Economic annals will seek to record the succession of specific events, which are of bearing upon both long and short term changes in the economy, events that do not appear clearly in continuous quantitative records. They will thus provide largely the qualitative materials needed for studies (a) and (b), and indeed will follow the principles of selection imposed by these broader studies.
Objections may be raised to the effect that such studies are impossibly wide; that we don’t have the materials for a complete story of secular changes of business cycles in the economy of this country; that the compilation of economic annals, if taken seriously, would alone absorb the efforts of a score of investigators for years to come. To all these objections I would reply that to wait with initiation of such broad, synthetic studies until materials are relatively complete would be to wait until the Greek Kalends; that if such studies are essentially impossible, we had better give up economic history; and that we shall contribute much more to the enrichment of society’s knowledge and understanding through a glorious allure in such broad undertakings than through inglorious successes in more specific, pedestrian studies. I would also point to a complete absence of even a single broad history of business fluctuations in this country: to the relative inadequacy of the synthesis of secular changes offered in the available literature; and to the reasonable assumption that a tentative synthesis now is not the less valuable because it is necessarily tentative and will give room to a more thoroughly grounded one in the decades to come.
The need for such a broad comprehensive study is suggested also by the following two considerations. First, a large literature already exists on the long term changes in various special fields, such as population various industries, some segments of the banking system, foreign trade, tariffs, business organization, etc.; and yet there are few thoroughgoing attempts, if any, to pull the threads together and weave the secular tendencies in these various, essentially related aspects of the economic system into a coherent study that would use adequately quantitative and qualitative data as well as theoretical hypotheses. On cyclical fluctuations too there are a number of special published studies, inadequate as they may be in toto. Even if the proposed inquiries of secular change and of business cycles accomplish nothing more than to bring the results of already published studies together, evaluate them critically, and point to the questions still unanswered, a valuable service will be performed. But naturally, the inquiries proposed may and will in addition utilize primary data that have not yet been analysed and published.
The second important consideration is that at present, in times of rapid change in structure and performance of our economic and social system, it is particularly necessary to think through our past in terms that will shed some light on the present and on the future. I do not suggest that the broad studies proposed will provide a definitive answer as to where we go from here, or enable us to establish immutable trends and laws. But they should help us to distinguish durable from transient phenomena; guard us and others against interpreting the past and present in terms of emotionally determined patters of group or class thinking; and thus bring the results of dispassionate social study to bear most efficiently and directly to the understanding and solution of present problems. I fail to see how studies of narrower scope can be expected to perform this important function.
It will be noted that the broad studies proposed involve no confining scheme except the distinction among various types of economic change by the temporal span of their persistence. This distinction is so fundamental that it cannot and should not be neglected in any historical study. Within the framework of each type of change, all the related processes of economic life should be considered — in proportion to their relative importance in determining the character and significance of the changes under study. The other topics suggested in our discussions and correspondence so far, such as the increasing control by the state, or influence of free land, or studies of firms in a given industry, or studies of a region, all appear to be too narrow to serve as the focusing point and central study of the Committee’s research program. They can be justified only within a broader framework that should explain why this and not another facet of economic life is to be studied; and how the studies so circumscribed can be expected to yield results of analytical validity without consideration of related factors presumably excluded.
The carrying out of the central, basic group of studies would provide the justification for narrower undertakings, since they will supply the framework for the latter. It is the broad picture of secular changes and recurrent fluctuations in the economy of this country that will provide the needed background against which, e.g., a tendency towards increasing control by the state can be understood and studied. This does not mean that in actual practice we should wait with beginning the more specific studies until the synthetic studies are completed. But it does mean that the latter are an indispensable core of the program; should be envisaged, planned, and initiated among the first; and serve throughout the Committee’s activity as the focusing point of the whole range of undertakings.
The narrower studies should be launched only in so far as they are seen to contribute to the broader picture of trends and fluctuations in this country’s economy: either directly and immediately through their results or because they suggest new types of data, new types of approach, new methods which we wish to encourage because, if multiplied and followed, they will add significantly to the understanding of changes in the past and present. Some such criterion is indispensable if we are to guard against lowering the potential value of our efforts by devoting them to following beaten tracks, and adding to a large body of already existing data another batch, of low marginal utility.
This memorandum is intended as an amplification of the proposals submitted before; and to serve, if the Committee so wishes, as a basis for discussion at its forthcoming meeting. It need not be added that, strongly as I am inclined to the views presented here, I realize that they may be unduly influenced by past personal experience in economic and statistical research, by ignorance of the literature of economic history, and by a predilection towards broad canvas and general results; and I am therefore looking forward with interest to whatever critical comments the members of the Committee may wish to offer.

Source: Duke University. David M. Rubenstein Rare Book & Manuscript Library. Economists’ Papers Archive. Earl J. Hamilton Papers, Box 2, Folder “Correspondence—Misc. 1930’s-1960s and n.d.”.

Tags Gay, Kuznets

Economic History Exam Questions Harvard

Harvard. Twenty years of graduate economic history exams. Gay and Usher, 1930-1949

Post author By Irwin Collier
Post date 2022-04-09

This has turned into a post that is over fifty pages long when printed as a normal text document. It began with materials in a folder found in Alexander Gerschenkron’s papers at the Harvard archives that contained a test-bank of two of his predecessors in economic history at Harvard, Edwin F. Gay and Abbott Payson Usher, starting with the 1929-30 academic year. I thought this was a convenient collection to transcribe but soon found myself going through other archival material I have collected to fill in the inevitable “missing observations”. There are still a few gaps I am sorry to report, but not enough to stop me from posting this incredible collection of the exams for graduate courses in economic history at Harvard spanning twenty years during the first half of the 20th century.

Harvard’s catalogues of courses long distinguished between those “primarily for undergraduates”, “for undergraduates and graduates” and “primarily for graduates”. The exams transcribed below are from courses “primarily for graduates”.

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Previous posts
(for 1921-1941)

Biographical info for Edwin F. Gay and Abbott Payson Usher.

Readings for undergraduate european economic history (Economics 2a). Usher, 1921.

Final Exam Questions for undergraduate European Economic History (Economics 2a). Usher, 1922.

Readings and final exam for undergraduate/graduate History of Commerce to 1750 (Economics 10a). Usher, 1929-30.

Readings and Exam for undergraduate European Economic History since the Industrial Revolution (Economics 2a) Gay, 1934.

Course outline, readings, and exam for undergraduate/graduate Development of Industrial Society (Economics 10b). Usher, 1934.

Readings for Recent Economic History (Economics 23). Gay, 1934-35.

Readings and paper topics for Economic History to 1450 (Economics 21) Usher, 1934-35.

Topics/readings for Modern Economic History Seminar (Economics 136). Usher, 1937-41.

__________________________________

1929-30

From Course Announcements

II
ECONOMIC HISTORY

Economics 23 ¹hf. Economic History to 1450

Half-course (first half-year). Two hours a week, to be arranged. Associate Professor Usher.

[Economics 24. Topics in Modern Economic History]

Two consecutive hours a week, to be arranged. Professor Gay.

Omitted in 1929-30.

Economics 25. Recent Economic History

Tu., Th., at 4. Professor Gay.

Source: Harvard University, Faculty of Arts and Sciences. Official Register of Harvard University. Vol. XXVI (September 19, 1929), No. 44, Announcement of the Courses of Instruction, 1929-1930 (Second Edition), p. 124.

Enrollment

Economics 23 ¹hf. Associate Professor Usher. — Economic History to 1450.

Total 1: 1 Graduate.

Economics 25 Professor Gay. — Recent Economic History.

Total 47: 40 Graduates, 7 Radcliffe

Source: Harvard University. Report of the President of Harvard College 1929-30, p. 78.

1929-30.
Harvard University.
Economics 23¹.
[Mid-year Exam, 1930]

Answer five questions.

What distinction may be drawn between the process of invention and the process of achievement? Give illustrations.
What reasons may be advanced for considering the beginning of the Christian Era a line of demarcation of primary importance?
Comment on the individual terms and the general doctrine of the following passage:
For centuries the Roman adhered to his “two-field system” of agriculture, and rectangular fields, and the Germans preserved the ancestral “strip system” of fields of their village communities. Even the reduction of these free villages to manorial villages and the fiscal pressure of the manorial regime failed completely to fuse or even much to modify these immemorial farming practices.
Discuss the meanings of the terms “civitas”, “oppidum”, “portus” and their relation to the problem of the origin of the medieval towns.
What distinctions may be drawn between the “free” craft and the “worn” craft? What were the functions of the wardens of a craft guild?
Describe the general features of a radiate market system, and explain the broader characteristics of its price structure in normal times.

Source: Harvard University Archives. Papers of Alexander Gerschenkron, Box 3, Folder “Examinations 233a & b [1929/30-1967/68].

1929-30
Harvard University.
Economics 25
[Mid-year Exam, 1930]

PART I

(An hour to an hour and a half)
Write an essay on one of the following topics.

The practical triumphs of the Ricardian economies before 1850.
The “movement of liberation,” or “laissez-faire,” as applied to the condition of the industrial workers.
An outline history of any decade between 1790 and 1860. In Europe and the United States, emphasizing the economic factors, and giving reasons for the choice of decade.

PART II

Write on three of the following questions.

Comment on the following statement:
[As compared with England] “the postponement of personal freedom gave the continental serfs one signal advantage. Emancipation was accomplished without the sacrifice of their rights in the soil.”
Give a definition or a concise description of the “putting-out” system; justify your inclusions and exclusions.
Describe briefly the relations between the agricultural development of the United States and Europe before 1860.
Outline the attitude of the government to railroads in England, the United States, and France, before 1860.
On two occasions in his life — 1819 and 1844 — Sir Robert Peel thought that he had placed the English monetary system on a sure foundation. Why?

Source: Harvard University Archives. Harvard University Mid-year Examinations, 1852-1943. Box 12, Bound volume Examination Papers, Mid-Years 1929-30.

1929-30
Harvard University.
Economics 25
[Year-end Exam, 1930]

Adequate and appropriate historical evidence must be presented in support of any opinions and generalizations.

Answer four of the following questions.

Discuss the following statement, especially emphasizing the relations between banking and agriculture in American economic history:
“It is hardly too much to say that the political as well as economic history of America has been dominated by real estate speculation and by the cheap money controversy, largely an offshoot from the former.”
F. H. KNIGHT, Risk, Uncertainty and Profit (1921), p. 17.
Explain and illustrate the following passage from Alfred Marshall, Industry and Trade (1919), p. 746:
“[The English classical economists] overlooked the fact that many of those indirect effects of Protection which aggravated then, and would aggravate now, its direct evils in England, worked in the opposite direction in America. For the more America exported her raw produce in return for manufacture, the less the benefit she got from the Law of Increasing Return….”
Compare and criticize the two theories of the development of the Industrial Revolution implied in the two following quotations:
“La préponderance économique du commerce, trait dominant de la phase économique qui s’étend du commencement du XVI^e siècle à la fin du XVIII^e, va decroître relativement à l’industrie naissante.”
B. Nogaro and W. Oualid, L’Évolution du Commerce, du Crédit et des Transports (1914), p. 9.
“…it was this slow process of finding out the opaque matters of fact that make up the material of technological science that occupied several generations of the British before the Germans took over any appreciable portion of it. The first acquisition of this material knowledge is necessarily a slow work of trial and error, but it can be held and transmitted in definite and unequivocal shape, and the acquisition of it by such transfer is no laborious or uncertain matter.”
T. Veblen, Imperial Germany and the Industrial Revolution (1915), p. 185.
Discuss the tendency toward aggregation and control in industry in the United States, Germany, and England, with comment on the following statements:
1. “Our people cannot live and thrive under the regime of bureaucracy that threatens unless industry solves its own problems. It was the abuses attendant upon an unregulated national industrial impulse that brought upon our country that legislative monstrosity known as the Sherman anti-trust law…. It is industry’s own neglect … that gives us a growing number of boards, commissions and tribunals to add their weight to the burden of industry.” American Federation of Labor (1924)
  “The state is not capable of preventing the development of the natural concentration of industry.”
  S. Gompers, Presidential Address to the American Federation of Labor, 1899.
  “Our big business has not justified the fears of our people.” Owen D. Young.
2. As contrasted with the growth of industrial combination in other countries, a French writer thinks that “trusts” have arisen in the United States because the government has “done too little or too much” — i.e. too little intelligent and effective regulation (including the regulations of railroads) and too much protection by tariffs.
What have the successive booms and crises, the upward and downward swings of business cycles, during the last century taught the banker, the manufacturer, and the wage-earner?
Comment on the accompanying statistical table:

Net tonnage of leading mercantile fleets, 1850-1920
(in thousand tons)

		1850	1870	1890	1910	1920
United Kingdom	sail	3,397	4,578	2,936	1,114	625
United Kingdom	steam	168	1,113	5,043	10,443	12,026
United States (in foreign trade)	sail	1,541	2,449	749	235	937
United States (in foreign trade)	steam	45	97	198	557	8,626
German Empire	sail		900	710	507	342
German Empire	steam		82	724	2,397	221
France	sail	674	918	444	636	267
France	steam	14	154	500	816	1,746
Norway	sail	298	1,009	1,503	628	225
Norway	steam		14	203	897	1,149
Japan	sail			48	413	203
Japan	steam			94	1,234	1,900

Note: The figures for the year 1920 have been obtained from another source, and are not reliably comparable with the figures for the earlier years. There is particular suspicion of error in the figures for United States shipping in that year.

Source: Harvard University Archives. Papers Printed for Final Examinations [in] History, New Testament, …, Economics, …, Military Science, Naval Science (January-June 1930) in Vol. 72 Examination Papers, Finals 1930.

__________________________________

1930-1931

From Course Announcements

II
ECONOMIC HISTORY

Economics 23 ¹hf. Economic History to 1450

Half-course (first half-year). Two hours a week, to be arranged. Associate Professor Usher.

[Economics 24. Topics in Modern Economic History]

Two consecutive hours a week, to be arranged. Professor Gay.

Omitted in 1930-31.

Economics 25. Recent Economic History

Wed., Fri., at 3. Professor Gay.

Source: Harvard University, Faculty of Arts and Sciences. Official Register of Harvard University. Vol. XXVII (September 17, 1930), No. 42, Announcement of the Courses of Instruction, 1930-1931 (Second Edition), p. 125.

Enrollment

Economics 23 ¹hf. Associate Professor Usher. — Economic History to 1450.

Total 2: 1 Graduate, 1 Senior.

Economics 25 Professor Gay. — Recent Economic History.

Total 50: 41 Graduates, 9 Radcliffe

Source: Harvard University. Report of the President of Harvard College 1930-31, p. 77.

1930-31
Harvard University
Economics 23.
[Mid-year Exam 1931]

Answer five questions.

What distinctions may be drawn between the process of invention and the process of achievement? Give illustrations.
What reasons may be advanced for considering the beginning of the Christian Era a line of demarcation of primary importance to economic history?
Sketch the history of the “colonus” in Roman Gaul and in the Frankish kingdoms.
Discuss the meanings of the terms “civitas”, “oppidum”, “portus” and their relation to the problem of the origins of the medieval towns.
What distinctions may be drawn between the “free” craft and the “sworn” craft? What were the functions of the wardens of a craft gild?
Describe the general features of a radiate market system, and explain the broader characteristics of its price structure.
Write briefly on any one of the following topics:

shipping partnerships and sea-loans,
towns and trade routes of the Mohammedan world,
Venice, Genoa, and the crusades.

Source: Harvard University Archives. Papers of Alexander Gerschenkron, Box 3, Folder “Examinations 233a & b [1929/30-1967/68].

1930-31
Harvard University
Economics 25
[Mid-Year Exam, 1931]

Write an essay on one of the topics in Part I, and answer briefly two questions in Part II.

The relation between the development of economic theory and the experiences of the period of the Industrial Revolution in England.
English Liberalism: its component elements as a body of doctrine, and its expression in political action before 1865, with especial emphasis upon its attitude toward economic policy.

Summarize in parallel columns the outstanding events in the economic history of England and the United States between 1840 and 1850.
Do the same for England and France between 1850 and 1870.
How closely is the history of transportation in England before 1870 related to the long and the short fluctuations in general business activity?
Outline the chief points you would treat in a chapter on Money and Banking for an Economic History of the Nineteenth Century to 1865.

Source: Harvard University Archives. Harvard University Mid-year Examinations, 1852-1943. Box 12, Bound volume Examination Papers, Mid-Years 1930-31.

1930-31
Harvard University
Economics 25
[Year-end Exam, 1931]

I
Write an essay on one of the following statements:

“The machine, the child of laissez faire, has slain its parent.”
“You shall not crucify mankind upon a cross of gold.”
“The one-crop system has been the bane of American agriculture.”
“In England the Reform Act initiated and the Corn Law decreed the conquest of town over country, factory over farm; in the United States a similar revolution is in process.”
“The Sherman Act, like Canute’s throne, was set to stem the advancing tide. Now the question is, shall it be submerged or dragged back to higher land.”

II
Write concisely on two of the following questions:

What are four outstanding developments of banking from about 1790 to the present time? Compare and contrast these movements in Western Europe and the United States.
In what successful ways did Western Europe meet the invasion of American agricultural products after 1870?
Place in their order of industrial and commercial importance, at 1750, 1880 and 1930, the following countries: Holland, Germany, France, England and the United States. Give your reasons.
Trace the connection, if any, between (a) the swings of business cycles and secular trends and (b) the development of the combination movement and trade unionism.

__________________________________

1931-1932

From Course Announcements

II
ECONOMIC HISTORY

Economics 23 ¹hf. Economic History to 1450

Half-course (first half-year). Two hours a week, to be arranged. Associate Professor Usher.

[Economics 24. Topics in Modern Economic History]

Two consecutive hours a week, to be arranged. Professor Gay.

Omitted in 1931-32.

Economics 25. Recent Economic History

Wed., Fri., at 4. Professor Gay.

Source: Harvard University, Faculty of Arts and Sciences. Official Register of Harvard University. Vol. XXVIII (September 24, 1931), No. 45, Announcement of the Courses of Instruction, 1931-1932 (Second Edition), p. 127.

Enrollment

Economics 23 ¹hf. Associate Professor Usher. — Economic History to 1450.

Total 1: 1 Graduate.

Economics 25. Professor Gay. — Recent Economic History.

Total 65: 54 Graduates, 11 Radcliffe

Source: Harvard University. Report of the President of Harvard College 1931-32, p. 72.

1931-32
Harvard University
Economics 23
[Final Exam 1932]

Answer five questions.

Write briefly on any one of the following topics:

the development of the mechanical clock,
the development of the sailing vessel, 1200-1450,
the application of power to milling, 100B.C.-1300 A.D.

May any of the industrial establishments of ancient Greece or Rome be properly classified as factories? Why, or why not?
What was the significance of the types of establishment whose classification is involved in such doubts?
Describe the general features of the organization of the craft gilds.
In what respect do we find differences in the various regions of Europe?
Describe the legal and economic features of villein tenure in France and England in the middle ages.
How may we explain the development of towns in Italy and Northern Europe after the ninth century?
What were the distinctive privileges of a town?
Describe the operations of banks of deposit in the fourteenth and fifteenth centuries, and discus their significance in the development of credit.

Source: Harvard University Archives. Papers of Alexander Gerschenkron, Box 3, Folder “Examinations 233a & b [1929/30-1967/68].

1931-32
Harvard University
Economics 25
[Mid-Year Exam, 1932]

Write an essay on one of the topics in Part I, and answer briefly three questions in Part II.

“The changes of the Industrial Revolution in England were interrelated both serially and laterally, i.e., as between commerce, industry and agriculture.”
“The policy of Free Trade has dislocated the whole structure of English society.”
Peasant proprietorship in Western Europe.

Estimate the significance of Peel’s administration (1842-46) in the economic history of England.
Discuss the “home-market” argument in United States tariff history.
Comment on the statement: “Between 1830 and 1840 the issue between individualists and collectivists was fairly joined.”
“The introduction of railways marks a stage in the Industrial Revolution in England, not as in some countries its beginning.” Give illustrations for three countries of this statement.

Source: Harvard University Archives. Harvard University Mid-year Examinations, 1852-1943. Box 12, Bound volume Examination Papers, Mid-Years 1931-32.

1931-32
Harvard University
Economics 25
[Year-End Exam, 1932]

Write an essay (not more than half your time) on any one of the following questions, and answer more briefly two other questions.

Compare the governmental railroad policies of the United States, England and Germany since 1870.
Explain the movement toward a protective tariff policy since 1860, with illustrations drawn from the economic history of two countries which led in the movement.
Does historical experience support the arguments of the advocates of ship subsidies for the United States?
Discuss the following statements:
“Virtual monopoly is an incident of our industrial development.” Senator Aldrich.
“The trust movement was and is a direct response to certain forces inherent in modern industry, and if it ought to be controlled, it must be controlled with those forces in mind.” Professor Jenks.
It is said that the labor movement in the United States is a generation behind that of England. Give your reasons for or against this statement.

Source: Harvard University Archives. Vol. 74 (HUC 7000.28) Examination Papers, Finals 1932.

__________________________________

1932-1933

From Course Announcements

II
ECONOMIC HISTORY

Economics 23 ¹hf. Economic History to 1450

Half-course (first half-year). Two hours a week, to be arranged. Associate Professor Usher.

[Economics 24. Topics in Modern Economic History]

Two consecutive hours a week, to be arranged, Professor Gay.

Omitted in 1932-33.

Economics 25 ¹hf. Recent Economic History

Half-course (first half-year). Wed., Fri. at 4. Professor Gay.

Source: Harvard University, Faculty of Arts and Sciences. Official Register of Harvard University. Vol. XXIX (September 19, 1932), No. 41, Announcement of the Courses of Instruction, 1932-1933 (Second Edition), p. 126.

Enrollment

Economics 23 ¹hf. Associate Professor Usher. — Economic History to 1450.

Total 4: 4 Graduates.

Economics 25 ¹hf. Professor Gay. — Recent Economic History.

Total 51: 39 Graduates, 12 Radcliffe

Source: Harvard University. Report of the President of Harvard College 1932-33, p. 66.

Note: Have found no copy of the Economics 23¹ exam as of yet for 1932-33.

1932-33
Harvard University
Economics 25¹
[Mid-year Final Exam, 1933]

Write an essay (not more than half your time) on any one of the following questions, and answer concisely three other questions.

Compare governmental regulation of railroads, as developed in the United States, with governmental ownership as in Germany, emphasizing the merits and defects of the two methods of control. Do these historical experiences throw any light upon the present railroad problem in the United States?
Is free trade responsible for the relative decline of the British iron and steel industry as compared with that of the United States and Germany? Enumerate and weigh the chief factors accounting for the development of the industry in these countries.
(a) Trace the successive steps in banking reform in England and the United States. Is there any parallelism?
(b) How do you explain the differences between the two countries in regard to the movements of banking concentration and industrial combination?
Outline a series of chapters in a book on the agricultural “world invasion” of European markets.
“Among the agencies which labor has chosen to defend its interests are the trade union, the cooperative society, and political action.” What has been the relative importance of these agencies at three stages of the British labor movement?
Discuss critically Dice’s views concerning “collectivism” and its causes.

Source: Harvard University Archives. Papers Printed for Final Examinations [in] History, History of Religions, …, Economics, …, Military Science, Naval Science (January-June 1933) in Vol. 75, Examination Papers, Finals 1933.

__________________________________

1933-1934

From Course Announcements

II
ECONOMIC HISTORY AND STRUCTURE

Economics 21 ²hf. (formerly Economics 23) Economic History to 1450

Half-course (second half-year). Two hours a week, to be arranged. Associate Professor Usher.

[Economics 22. (formerly Economics 24) Topics in Modern Economic History]

Two consecutive hours a week, to be arranged. Professor Gay.

Omitted in 1933-34; to be offered in 1934-35.

Economics 23 ²hf. (formerly Economics 25) Recent Economic History

Half-course (second half-year). Wed., Fri., at 4. Professor Gay.

[Economics 24. Topics in American Economic History]

Hours to be arranged. Professor A. H. Cole.

Omitted in 1933-34.

[Economics 25. (formerly Economics 30). Economic Problems of Latin America]

Tu., Th., at 3.

Omitted in 1933-34.

Source: Harvard University, Faculty of Arts and Sciences. Official Register of Harvard University. Vol. XXX (September 20, 1933), No. 39, Announcement of the Courses of Instruction, 1933-1934 (Second Edition), pp. 127-128.

Enrollment

Economics 21 ²hf. (formerly Economics 23). Associate Professor Usher. — Economic History to 1450.

Total 3: 2 Graduates, 1 Seniors.

Economics 23 ²hf. (formerly Economics 25). Professor Gay. — Recent Economic History.

Total 18: 13 Graduates, 5 Radcliffe

Source: Harvard University. Report of the President of Harvard College 1933-34, p. 85.

Note: Have not found exam for Economics 21 ²hf. (formerly Economics 23) Economic History to 1450

1933-34
Havard University
Economics 23²
[Final Exam 1934]

Write an essay (not more than half your time) on any one of the first six questions, and answer concisely three other questions (including question 7).

Discuss the following statements:
“The present agricultural depression differs in its origin and character in many respects from the general depression of the period 1873-96, but in the conditions which brought about the depression of 1873-96 there are important points of similarity with the post-war situation.”
“The European attitude toward agriculture is entirely different from that of the great exporting countries beyond the seas.”
“The choice (in railway management) is between rationalization and nationalization.” (Sir Eric Geddes.)
“The trend, in all forms of transport and over a long period, is inevitably toward amalgamation. As between private monopoly and public ownership the choice is clear; the only question is as to the form which public ownership shall take.”
Comment on these views. In what respects does the experience of the United States differ from that of England and Germany?
The Webs say that there was a time at the middle of the nineteenth century when capitalism “could claim that it had produced a surprising advance in material civilization for greatly increased populations. But from that moment to the present it has been receding from defeat to defeat, beaten ever more and more hopelessly by the social problems created by the very civilization it has built up.”
A critic of the present governmental policies has recently declared that, with the various restrictions on output, wage and price regulations, and codes of business practice, the United States is returning to the Age of Diocletian or to the medieval gild-system, and thereby imperiling the chief gains of the great technological and economic progress since the Industrial Revolution.
Comment on the two points of view, and give reasons for your own view as to the present direction of economic and social development.
Compare the history of banking reforms since 1815 in England and the United States with reference to the successive business cycles.
What part, according to the Macmillan Report, has the United States played in the post-war economic situation; and in the proposals for monetary and banking reform, made in this Report, what is practicable for the United States?
“The Cooperative movement is one of the constituent elements in the socialist state.”
“No social group, on the Continent of Europe, is more important, and none more intensely individualistic, than the peasant landholders.”
Which of these assertions is more nearly true? Can they be reconciled?
Which among the books you have read in this course do you regard as the best? State your reasons and discuss that book critically.

Source: Harvard University Archives. Papers of Alexander Gerschenkron, Box 3, Folder “Examinations 233a & b [1929/30-1967/68].

__________________________________

1934-1935

From Course Announcements

II
ECONOMIC HISTORY AND STRUCTURE

Economics 21 ¹hf. Economic History to 1450

Half-course (first half-year). Two hours a week, to be arranged. Associate Professor Usher.

Economics 22. Seminar. Topics in Modern Economic History

Two consecutive hours a week, to be arranged. Professor Gay

Economics 23 Recent Economic History

Tu., Th., at 4. Professor Gay.

[Economics 24. Topics in American Economic History]

Hours to be arranged. Professor A. H. Cole.

Omitted in 1934-35

[Economics 25. Economic Problems of Latin America]

Tu., Th., at 3.

Omitted in 1934-35.

Source: Harvard University, Faculty of Arts and Sciences. Official Register of Harvard University. Vol. XXXI (September 20, 1934), No. 38, Announcement of the Courses of Instruction, 1934-1935 (Second Edition), p. 128.

Enrollment

Economics 21 ¹hf. Associate Professor Usher. — Economic History to 1450.

Total 4: 2 Graduates, 2 Seniors.

Economics 23. Professor Gay. — Recent Economic History.

Total 22: 16 Graduates, 1 Senior, 4 Radcliffe, 1 Other.

Source: Harvard University. Report of the President of Harvard College 1934-35, p. 82.

Economics 21. Economic History to 1450.
Readings and paper topics, Usher. 1934

1934-35
Harvard University
Economics 21
[Final Exam. Jan 18, 1935]

I
(About one hour)

Write an essay upon some topic selected from the reading period assignments, or upon one of the following topics:
1. a multilinear concept of historical process,
2. systems of agriculture in the open field villages of England and Europe.

II
Answer three questions

Describe the rights and obligations of the peasant cultivator in two types of the perpetual leases of Roman and medieval law.
Describe the primary features of an organized market, and the simple and radiate forms of market systems.
Discuss the nature and importance of capitalistic control of industry in medieval Europe.
Describe the characteristic functions and features of religious gilds in England.
Sketch the early history of deposit banking in medieval Europe.

Source: Harvard University Archives. Papers of Alexander Gerschenkron, Box 3, Folder “Examinations 233a & b [1929/30-1967/68].

1934-35
Harvard University
Economic 23
[Mid-year Exam 1935]

Write an essay (not more than half your time) on any one of the following questions and answer concisely three other questions.

Discuss critically the following statements:
1. In England, up to the middle of the eighteenth century, “production was regulated by local consumption…After an apprenticeship of greater or less length everyone became a master; the State guaranteed the guilds a monopoly of production and secured the interests of the consumer by requiring all products to pass certain standard tests. But this patriarchal state of things suddenly gave way before a movement which has been justly called the Industrial Revolution. To these gigantic changes (machinery, steam, factories, wide markets, chain of middle-men) the guild system soon showed itself inadequate.” (Guido de Ruggiero, History of European Liberalism.)
2. For about fifty years before the middle of the eighteenth century in England, “trade had been freed from the oppression of the dying guilds, but machinery had not yet come to the aid of capitalism to enable it to overturn and destroy the whole social fabric and especially the livelihood of the poor.” (R. W. Postgate.)
“Metallurgy and the metal workers have an absolute primacy in the history of modern manufacturing industry.” (Clapham.)
Illustrate this statement for England.
Is it equally true for all countries?
“It is questionable if all the mechanical inventions yet made have lightened the day’s toil of any human being.”
Was this true when John Stuart Mill wrote it in 1848? If so, why?
Outline a chapter (or a book) on the Agrarian Revolution in England.
Describe the development of the Zollverein, distinguishing the economic and the political factors.
The significance of the decade of the forties in European economic history.

Source: Harvard University Archives. Papers of Alexander Gerschenkron, Box 3, Folder “Examinations 233a & b [1929/30-1967/68].

1934-35
Harvard University
Economics 23
[Year-end Exam, 1935]

Write an essay not more than half your time) discussing one of the quotations or topics in this paper, and comment concisely on three others.

“It is believed that, had it not been for the free-trade policy of Great Britain, the manufacturing system of America would at the present time have been much more extensive than it is.” (Ellison, 1858.)
“There is some truth in the view of the cynical British exporter who thanked God for the American tariff, but for which American manufacturers would have driven him out of the world markets.’ (London “Economist,” 1912.)
“In my belief, both Free Trade of the laissez-faire type and Protection of the predatory type are policies of Empire, and both make for War.” (H. J. Mackinder, 1919.)
Do you find any confirmation for these views in your reading of American tariff history? Illustrate from the cotton or iron industry.
“On voit apparaître chaque jour davantage tout ce que l’Angleterre, depuis cent ans, devait à des circonstances que les contemporains avaient cru permanantes et qui n’etaient que passagères.
L’hégémonie économique anglaise coincide dans l’histoire avec le règne de la machine à vapeur; la période victorienne, apogée de prosperité et de puissance, évolue tout entière sous le signe du charbon….C’est ainsi qu’a pu s’édifier, sur al base étroite d’un territoire plus que médiocre, cette paradoxale superstructure manufacturière, et parallèlement s’épanouir cette population aujourd’hui trop dense, si dangereusement dépendante, pour sa subsistance, des produits importés….
Dans ces conditions, le jeu parfaitement agencé de la doctrine libre-échangiste paraissait avoir été concu tout exprès pour l’Angleterre, par les soins d’une Providence attentive et partiale.” (Siegfried, 1931.)
The National Banking system is “not only a perfectly safe system of banking, but it is one that is eminently adapted to our political institutions.” (Hugh McCulloch, 1863.)
“American banking has not yet distinguished between solvency after an interval, and readiness to meet demands at once and without question… At present the characteristics of the American business man seem to fit him to do most things better than banking.” (Hartley Withers, 1909.)
“Everybody will agree to-day that it would be difficult to imagine a banking system more cruel and inefficient than that prevailing in the United States at the beginning of the twentieth century — a system which, instead of scientifically regulating the flow of credit and money so as to secure the greatest possible stability, was designed automatically to produce instability.” (Paul Warburg, 1930.)
“The technological revolution of the last hundred years furnishes the ultimate explanation of agricultural progress and of agrarian discontent both in Europe and America.” (ca. 1925)
“Though the mechanization of industrial processes is almost universal, the great majority of farmers throughout the world are content with the simple instruments used by their forefathers.” (“World Agriculture,” 1932.)
“The significant fact is that the periods of prosperity and the great depressions in agriculture have coincided with periods of monetary expansion and monetary contraction. Though other factors must not be ignored, the agricultural history of the last hundred years shows that favorable monetary conditions are essential to recovery.” (“World Agriculture,” 1932.)
“The Merchant Marine of the United States is not a burden upon the tax-payer’s back, but an economy of the first water, keeping millions in the country, giving employment to thousands of persons, aiding in the development of foreign markets and backing up the nation’s forces in any contingency that may arise.” (Senator Royal S. Copeland, 1934.)
“Our own vessels carry only about 40 per cent of our foreign trade. We are dependent on our competitors to carry 60 per cent of our trade to market. Of course, the result is that they help themselves and hamper us. Parity in merchant ships is only less important than parity in warships. We ought to make the necessary sacrifices to secure it.” (Calvin Coolidge, 1930.)
D. H. Robertson, writing in 1923, concerning the American Railroad Act of 1920 and the increased powers of the Interstate Commerce Commission, says:
“The home of free enterprise has furnished us with experiments in positive State control on a scale which finds no parallel outside Communist Russia.”
Louis D. Brandeis in 1912 wrote: “The success of the Interstate Commerce Commission has been invoked as an argument in favor of licensing and regulating monopoly.” This argument, he held, was not valid. Do you agree? Why or why not?
In a period when traditional standards have broken down and when the legal system is supported by laissez-faire theory, the movement toward industrial combination is “a remorseless sort of profit-seeking.” (M. W. Watkins, 1928.)
“The only argument that has been seriously advanced in favor of private monopoly is that competition involves waste, while the monopoly prevents waste and leads to efficiency. This argument is essentially unsound. The wastes of competition are negligible. The economies of monopoly are superficial and delusive. The efficiency of monopoly is at the best temporary.” (L. D. Brandeis, in Harper’s Weekly, 1913.)
“Our evidence goes to show that most of the Trusts and Cartels have been, in their origin at any rate, defensive movements.” (D. H. MacGregor, 1912.)
Industrial combinations must be recognized as “steps in the greater efficiency, the increased economy, and the better organization of industry.” (Minority Report of the Parliamentary Committee on Trusts, 1918.)
Write on the topic which, in your reading for this course, has most interested you.

Source: Harvard University Archives. Papers of Alexander Gerschenkron, Box 3, Folder “Examinations 233a & b [1929/30-1967/68].

__________________________________

1935-1936

From Course Announcements

II
ECONOMIC HISTORY AND STRUCTURE

[Economics 21 ¹hf. Economic History to 1450]

Half-course (first half-year). Two hours a week, to be arranged. Associate Professor Usher.

Omitted in 1935-36.

Economics 22. Seminar. Topics in Modern Economic History

Two consecutive hours a week, to be arranged. Professor Gay

Economics 23 Recent Economic History

Wed., Fri., at 4. Professor Gay.

Economics 24. Seminar. Topics in American Economic History

Hours to be arranged. Professor A. H. Cole.

[Economics 25. Economic Problems of Latin America]

Tu., Th., at 3.

Omitted in 1935-36.

Source: Harvard University, Faculty of Arts and Sciences. Official Register of Harvard University. Vol. XXXII (September 18, 1935), No. 42, Announcement of the Courses of Instruction, 1935-1936 (Second Edition), p. 140.

Enrollment

Economics 23. Professor Gay. — Recent Economic History.

Total 31: 24 Graduates, 7 Radcliffe.

Source: Harvard University. Report of the President of Harvard College 1935-36, p. 83.

1935-36
Harvard University
Economics 23
[Mid-year Exam, 1936]

Write an essay (not more than half your time) discussing one of the quotations or topics in this paper, and comment concisely on three others.

(a) “The essence of the Industrial Revolution is the substitution of competition for the medieval regulations which had previously controlled the production and distribution of wealth.”
(b) The use of machinery “began by being the resultant of these two phenomena (the extension of the exchange of commodities and the increase in the division of labor), at one of the decisive moments in their evolution. This crisis, distinguished by the appearance of machinery, best defines the industrial revolution.”
The relations between the industrial and agrarian revolutions in England.
(a) The chief measures of factory legislation in England.
(b) To what extent and why, on the continent of Europe, did factory legislation lag behind that of England?
(a) In 1850 Porter wrote: “The laissez faire system has been pregnant with great loss and inconvenience to the country in carrying forward the railway system.” Heaton has recently remarked: “Considering the novelty of the car and the strangeness of the route, parliament could retort to Porter that it had been a fairly competent back-seat driver.”
(b) A French writer in 1883 explained the contrast between private enterprise in English railway management and public control or ownership in France and Germany as resulting mainly from the more advanced state of English economic development.
“The safest lesson to draw from the experience of Germany is the simple fact that changes in tariff policy were only one, and commonly not the most important, amongst the many causes of her economic progress.”

Source: Harvard University Archives. Papers of Alexander Gerschenkron, Box 3, Folder “Examinations 233a & b [1929/30-1967/68].

1935-36
Harvard University
Economics 23
[Year-end Exam, 1936]

Write an essay (not more than half your time) discussing one of the questions in this paper, and comment concisely on three others.

Taussig finds that the development of trusts under protection does not “confirm the doctrine that the tariff matures monopolies permanently. … The industrial influence of the protective tariff tends to become less and less.” Illustrate with any two of his three cases — steel rails, tin plate and sugar refining. What is the basic historical relationship between the movements toward industrial combination and toward protectionism in Europe and America?
“The significant fact is that the periods of prosperity and the great depressions in agriculture have coincided with periods of monetary expansion and monetary contraction. Though other factors must not be ignored, the agricultural history of the last hundred years shows that favorable monetary conditions are essential to recovery.” (“World Agriculture,” 1932.) Give your reasons for agreement or criticism. What weight do you give to the “other factors”?
“A general view of the monetary history of the entire period of our national existence shows that each generation had to learn for itself and at its own expense the evils of unsound money and of defective banking.” Is the assertion also true of modern Europe? In outlining and comparing the experience of both America and Europe, distinguish between inherent unsoundness and lags of development.
“It remains clear that the Industrial Revolution is not a closed episode; we are living in the midst of it, and the economic problems of to-day are largely problems of its making.” (W. C. Mitchell, 1929.)
“Unregulated capitalism is being superseded by a regulated, organized and controlled capitalism.” (Hansen, 1932.)
“In the United States the profit motive . . . worked to the end of blind self-destruction.” (Childs, 1936.)
How far are these statements true and consistent with each other? In what respects are they questionable?
Clapham quotes a competent German observer of the English working classes, writing in the 80’s, as finding “an improvement . .. beyond the boldest hopes of even those who, a generation ago, devoted all their energies to the work.”
A recent writer, declaring that we must choose between security and progress, asks: “Have we reached a sufficiently high standard of per capita productivity to warrant stabilization at the present standard of living?”
Does Clapham agree that the German estimate was justified? What connections do you see between the two quotations?
“For all the exaggeration in the statements that English unionism has sounded the death-knell to English industrial leadership, it remains true that the absence of firmly entrenched unions in the cotton and iron manufactures has facilitated the march of improvement in the United States.”
“The English, by labor organization and social legislation, have built a platform over the abyss.”

Source: Harvard University Archives. Papers of Alexander Gerschenkron, Box 3, Folder “Examinations 233a & b [1929/30-1967/68].

Summer School of Harvard University
August 15, 1936
Economics S20 (Economics 23)

Write an essay (not more than half your time) discussing one of the questions in this paper, and comment concisely on three others.

(a) “The Napoleonic wars exercised the same influence upon subsequent commercial policy in France (though for different reasons) as the Civil War in the United States.” (Percy Ashley)
(b) “The British protective system up to 1846 had been maintained chiefly for the sake of agriculture; the German protective system from 1848 to 1860 had been dictated by the interests of manufacturers; now (in 1879) an effort was to be made to harmonize these two and to give a fair measure of protection to all.” (Percy Ashley)
“It remains clear that the Industrial Revolution is not a closed episode; we are living in the midst of it.” (W. C. Mitchell, 1929)
“Two contrasting theories of banking were put forward at the beginning of the nineteenth century and subsequently they controlled the banking development of the different countries.”
State precisely the two theories and their historical effects.
(a) “The one-crop system has been the bane of American agriculture.”
(b) In what ways did Western Europe meet the invasion of American agricultural products after 1870?
Trace the connection, if any, between (a) the fluctuations of business cycles and secular price trends, and (b) the development of the railroad network and railroad governmental policies in England and the United States since 1830.
“Among the agencies which labor has chosen to defend its interests are the trade union, the cooperative society, and political action.” (Webb) What has been the relative importance of these agencies at three stages of the British Labor movement? Compare and explain the differing development of American labor history.
“The wastes of competition are negligible. The economies of monopoly are superficial and delusive. The efficiency of monopoly is at the best temporary… Excesses of competition lead to monopoly, as excesses of liberty lead to absolutism.” (L. D. Brandeis, 1912)
“We are persuaded by our study of the combination movement at home and abroad that it is essentially a movement making for economy, efficiency, and better relations in business.” (Seager and Gulick, 1932)
What is your view, supported by what evidence?
Select the ten-year period in English and American economic history of the nineteenth century which you believe to be the most important, giving your reasons, and then summarize in parallel columns the outstanding events of that decade for both countries.

Source: Harvard University Archives. Papers of Alexander Gerschenkron, Box 3, Folder “Examinations 233a & b [1929/30-1967/68].

__________________________________

1936-1937

From Course Announcements

III
ECONOMIC HISTORY AND STRUCTURE

[Economics 131 ¹hf. (formerly 21). Economic History to 1450]

Half-course (first half-year). Two hours a week, to be arranged. Professor Usher.

Omitted in 1936-37.

Economics 133 (formerly 23). Recent Economic History

Mon., Wed., and (at the pleasure of the instructor) Fri., at 4. Professor Usher.

[Economics 136 (formerly 22). Seminar. Topics in Modern Economic History]

Two consecutive hours a week, to be arranged. Professor —

Omitted in 1936-37.

Economics 137 ²hf. (formerly 24). Seminar. Topics in American Economic History

Half-course (second half-year). Hours to be arranged. Professor A. H. Cole.

[Economics 138 (formerly 25). Economic Problems of Latin America]

Tu., Th., at 3.

Omitted in 1936-37.

Source: Harvard University, Faculty of Arts and Sciences. Official Register of Harvard University. Vol. XXXIII (September 23, 1936), No. 42, Announcement of the Courses of Instruction, 1936-1937 (Second Edition), p. 146.

Enrollment

III

Economics 133 (formerly 23). Professor Usher. — Recent Economic History.

Total 36: 31 Graduates, 5 Radcliffe.

Source: Harvard University. Report of the President of Harvard College 1936-37, p. 93.

[NOTE: the final exams volume for 1936-37 binds January-June, 1937 together so for full courses it appears only the June exam were included.]

1936-37
Harvard University
Economics 133
[Year-end Examination, 1937]

I
(About one hour)

Write an essay on a topic covered by the work of the reading period, or on one of the following topics: the historical significance of the theory of monopolistic competition; the concept of interregional equilibrium.

II
(About two hours)
[Handwritten addition: Answer three questions]

Answer (a) or (b).
1. In what respects did the Ricardian group misjudge the structure of the London money market of their day?
2. Sketch the development of contacts between the United States Treasury and the New York money market in the period, 1869-1914.
Answer (a) or (b).
1. Sketch the history of the petroleum industry in the United States during the decade 1870-1879.
2. Discuss the development and the significance of any single cartel in Great Britain or Germany.
Describe briefly the position of British agriculture during the period 1878-1895, and discuss the relative significance of the factors primarily involved.
Answer (a), (b), or (c)
1. Discuss the relations between sugar growing in Hawaii and the position of Hawaiian products in the markets of the United States.
2. Is tariff protection likely to afford Great Britain an adequate solution to the problem of foreign dumping?
3. Discuss the relative importance of political and economic factors in the tariff policies of France or Germany since 1871.
Answer (a), (b), or (c).
1. Discuss the significance of recent tendencies toward centralized control of power production in Great Britain and continental Europe.
2. Sketch the development of the Royal Dutch-Shell Petroleum Company and discuss the significance of its position in the world market.
3. Discuss the relative importance of birth rates and death rates in the history of population in England in the eighteenth and nineteenth centuries.

Source: Harvard University Archives. Papers of Alexander Gerschenkron, Box 3, Folder “Examinations 233a & b [1929/30-1967/68].

__________________________________

1937-1938

From Course Announcements

III
ECONOMIC HISTORY AND STRUCTURE

Economics 133 (formerly 23). Recent Economic History, 1820-1914

Mon., Wed., and (at the pleasure of the instructor) Fri., at 4. Professor Usher.

Economics 136 (formerly 22). Seminar. Topics in Modern Economic History

Two consecutive hours a week, to be arranged. Professor Usher.

[Economics 137 ²hf. (formerly 24). Seminar. Topics in American Economic History]

Half-course (second half-year). Hours to be arranged. Professor —.

Omitted in 1937-38.

Source: Harvard University, Faculty of Arts and Sciences. Official Register of Harvard University. Vol. XXXIV (October 1, 1937), No. 44, Announcement of the Courses of Instruction, 1937-1938 (Second Edition), p. 153.

Enrollment

III

Economics 133 (formerly 23). Professor Usher. — Recent Economic History, 1820-1914.

Total 33: 25 Graduates, 2 Business School, 1 Public Administration, 4 Radcliffe, 1 Other.

Economics 136 (formerly 22). Professor Usher. — Seminar. Topics in Modern Economic History.

Total 7: 7 Graduates.

Source: Harvard University. Report of the President of Harvard College 1937-38, p. 86.

1937-38
Harvard University
Economics 133
[Mid-year Exam, 1938]

I
(About one hour)

Write an essay on a topic based upon the work of the reading period, or on one of the following topics: the concept of social evolution as a multilinear process; the development of free trade in Great Britain.

II
(About two hours)

Answer three questions:

What were the more important factors underlying the differences in the rates of growth of the cotton and the woollen industries in the period, 1750-1850?
Answer a, b, c, or d.
1. Describe and discuss the characteristic features of railway rates in Trunk line territory before 1887.
2. Discuss the general features and the significance of the consolidation of railways in Great Britain in 1921.
3. Sketch the history of the French railway network through 1883.
4. Discuss the significance of water competition for the railways of Germany.
Describe the primary factors in the location and development of London, Paris, or New York city.
Discuss the problems presented by the proposal to include Austria in the German Customs Union, 1848-1863.
Answer a, b, or c.
1. Discuss the place of the small holding in Great Britain, with special reference to its development since the agricultural depression (1878-1895).
2. Describe the factors affecting the development of small peasant holdings in France.
3. Describe the organization and routine on some of the large slave plantations of the old south.

Source: Harvard University Archives. Harvard University Mid-Year Examinations, 1852-1943. Box 13. Papers Printed for Mid-Year Examinations [in] History, History of Religions, … , Economics, … , Military Science, Naval Science (January-Febrary 1938) included in bound volume Mid-Year Examinations 1938.

1937-38
Harvard University
Economics 133
[Year-end Exam, 1938]

I
(About one hour)

Write an essay on a topic covered by the work of the reading period or on one of the following topics: planning in free societies; modern tendencies toward autarchy.

II
Answer THREE questions.

Answer (a) or (b).
1. Discuss the policies used by the Bank of England between 1825 and 1910 in establishing its rate of discount.
2. What considerations seem to have led Biddle to apply in January 1832 for an extension of the charter of the Second Bank of the United States?
Discuss the characteristic practices of pools and cartels in the United States up to 1899.
Discuss: “The Corn Law of 1815 like the Agriculture Act of 1920 attempted to stabilize returns to the British wheat grower, but the machinery of the act of 1920 was even less adapted to its purpose than the machinery established in 1815.”
Answer (a), (b), (c), or (d).
1. Does the history of the silk manufacture in the United States afford decisive evidence of the significance of protection to young industries? Why, or why not?
2. Discuss the argument that protection will make it possible for Britain to maintain her “standard of life.”
3. Discuss: “In France, protection has been the parent as well as the child of fear. It has strengthened the force, which in conjunction with ignorance, gave it birth.”
4. What principles and purposes dominated the fiscal policy of Bismarck?

Source: Harvard University Archives. Harvard University Final Examinations, 1853-2001. Box 4. Papers Printed for Final Examinations [in] History, History of Religions, … , Economics, … , Military Science, Naval Science (June 1938).

__________________________________

1938-1939

From Course Announcements

III
ECONOMIC HISTORY AND STRUCTURE

[Note change in course numbering]

Economics 133. Recent Economic History, 1820-1914.

Mon., Wed., Fri., at 4. Professor Usher.

Economics 136. Seminar. Topics in Modern Economic History

Two consecutive hours a week, to be arranged. Professor Usher.

[Economics 137 ²hf. Seminar. Topics in American Economic History]

Half-course (second half-year). Hours to be arranged. Professor —.

Omitted in 1938-39.

Source: Harvard University, Faculty of Arts and Sciences. Official Register of Harvard University. Vol. XXXV (September 23, 1939), No. 42, Announcement of the Courses of Instruction, 1938-1939 (Second Edition), p. 150.

Enrollment

III

Economics 133. Professor Usher. — Recent Economic History, 1820-1914.

Total 46: 40 Graduates, 2 Public Administration, 2 Radcliffe, 2 Others.

Economics 136. Professor Usher. — Seminar. Topics in Modern Economic History.

Total 10: 9 Graduates, 1 Senior.

Source: Harvard University. Report of the President of Harvard College 1938-39, p. 99.

1938-39
Harvard University
Economics 133
[Mid-year Exam, 1939]

I
(About one hour)

Write an essay on a topic based on the work of the reading period, or on one of the following topics: feudal tenures as a basis for land utilization; the significance of the quantitative method in economic history.

II
Answer THREE questions

Sketch the history of the application of machinery in the textile industries of Great Britain, France, Germany, or the United States for any period of 100 years between 1700 and 1900.
Describe the salient features of the railway network in any one country, and discuss the merits of public policy in respect of railway construction in that country.
Within what limits of accuracy may we compute the quantitative significance of the following inventions: Darby’s process for smelting iron with coke, Fourneyron’s turbine, the Jacquard loom action?
Sketch the development of the fiscal policy embodied in Peel’s budget of 1842, and discuss its significance.
Answer (a) or (b).
1. Discuss: “The long succession of preemption acts were but premonitions of a free land policy, a policy destined to come, but hindered by sectional interests and differences for many years.”
2. Discuss the economic and the political significance of the major compromises embodied in the ordinances creating the national domain in the United States.

Source: Harvard University Archives. Papers of Alexander Gerschenkron, Box 3, Folder “Examinations 233a & b [1929/30-1967/68].

1938-39
Harvard University
Economics 133
[Year-end Exam, 1939]

I
(About one hour)

Write an essay on a topic based on the work of the reading period, or on one of the following topics: the bullionists and the Bullion Report; the anti-monopoly policy in the United States.

II
Answer three questions

Answer (a) or (b).
1. What were the lessons of the crisis of 1847? In what ways did this crisis affect the policies of the Bank of England?
2. What were the merits and the defects of the organization of the call loan market in New York prior to 1914?
Answer (a), (b), or (c).
1. Discuss the attempts to establish international control of the sugar trade between 1926 and 1932.
2. Sketch the development of trusts and cartels in Great Britain after 1914.
3. Describe the characteristic types of “concern” in post-war Germany.
Answer (a), (b), (c), or (d).
1. Has the United States gained enough from the development of the Beet Sugar culture to justify the costs?
2. Can policy of tariff preferences between Great Britain and her dominions be defended on economic grounds?
3. Discuss the theories which served as the basis for the development of protection in France after 1889.
4. Sketch the development of agrarian influences upon German tariff policy after 18790 and discuss briefly the merits of the basic demands.
Discuss the influence of the development of hydro-electric power sites upon the industrial future of Italy.
What changes in the Malthusian theory of population are necessary to bring its broader elements into conformity with the historical record of the eighteenth and nineteenth centuries?

__________________________________

1939-1940

From Course Announcements

III
ECONOMIC HISTORY AND STRUCTURE

Economics 133. Recent Economic History, 1820-1914

Mon., Wed., Fri. at 3. Professor Usher.

[Economics 136. Seminar. Topics in Modern Economic History]

Two consecutive hours a week, to be arranged. Professor Usher.

Omitted in 1939-40; to be given in 1940-41.

Source: Harvard University, Faculty of Arts and Sciences. Official Register of Harvard University. Vol. XXXVI (September 22, 1939), No. 42, Announcement of the Courses of Instruction, 1939-1940 (Second Edition), p. 158.

Enrollment

III

Economics 133. Professor Usher. — Recent Economic History, 1820-1914.

Total 50: 41 Graduates, 1 Senior, 1 Public Administration, 4 Radcliffe, 3 Others.

Source: Harvard University. Report of the President of Harvard College 1939-40, p. 100.

1939-40
HARVARD UNIVERSITY
ECONOMICS 133
[Mid-Year Exam, 1940]

I
(About one hour)

Write an essay on a topic based on the work of the reading period, or on one of the following topics: the concept of nodality, the effective sphere of pure competition in the industrial societies of the nineteenth century.

II
Answer three questions

Answer a, b, c, d, or e.
1. How many of the basic forms of industrial organization were to be found in the textile industries of the United States between 1790 and 1830? What was their relative importance?
2. Describe the distinctive features in the organization, equipment, and management of the Boston Manufacturing Company in Waltham in its early years.
3. Discuss: “Those who draw all their illustrative material from the textile industries fall into serious errors in their judgment of the effect of machinery upon labour.”
4. Describe the position of organized labor in Germany towards the close of the nineteenth century.
5. Sketch the development in the use of iron and its products in England between 1800 and 1890.
In what ways and to what extent do geographic factors affect the rate structure of a given railway network?
Answer a, or b.
1. What considerations led the various groups of German states to accept the leadership of Prussia in the Customs Union?
2. Sketch the activities of M. Chevalier in the negotiation of the Anglo-French Treaty of Commerce of 1860.
Answer a, b, or c.
1. What elements of ambiguity made it difficult to interpret and enforce the resolutions of the French National Assembly of August 4 and 11, 1789? What interpretation was finally established by the legislation of 1792 and 1793?
2. Does the experience of France and Germany in the late nineteenth century warrant the belief that the number of small holdings can be now increased or even maintained without tariff protection or financial aid?
3. Discuss: “Although southerners have persistently asserted that the interstate slave trade was of no substantial significance, the structure of slave prices provides decisive evidence that the trade was vital to the perpetuation of slavery as a system.”
Discuss: “Southern systems of settlement were based on a policy of free land, and the actual introduction of such modes of settlement on the Public Domain was largely due to southern influence, but formal recognition of the policy was long and successfully opposed by southern members of Congress.”

Source: Harvard University Archives. Papers of Alexander Gerschenkron, Box 3, Folder “Examinations 233a & b [1929/30-1967/68].

1939-1940
HARVARD UNIVERSITY
ECONOMICS 133
[Year-End Exam, 1940]

I
(About one hour)

Write an essay on a topic covered by the work of the reading period, or on one of the following topics: Malthus and the theory of population; technological factors underlying tendencies towards integration in the production and distribution of electricity.

II
Answer THREE questions

Answer (a) or (b).
1. “In actual operation, the Bank Act of 1844, instead of tying the currency more closely to gold, injected an additional amount of credit into the reserves of the English banking system.” Discuss.
2. Sketch the development of the Suffok banking system and discuss its significance.
Describe the conditions in the American iron industry that led to the formation of the United States Steel Corporation. What may we presume to have been the effect of this achievement upon competition in the industry?
Answer (a) or (b).
1. Discuss the effectiveness of the British Wheat Act of 1932.
2. Describe the organization of the Russian collective farms and their influence upon productivity.
Answer (a), (b), (c), or (d).
1. Discuss the relation of the changes in the duties on wool and woolens in the U. S. tariff act of 1913 to the general concept of a competitive tariff.
2. Does Beveridge offer a satisfactory defense for a continuance of a free trade policy in Great Britain? Why, or why not?
3. Discuss the concepts of tariff policy held by Protectionists and Liberals in France, with special reference to the precise points of difference between them.
4. Describe and discuss Bismarck’s theories of taxation and fiscal policy.
Does the development of hydro-electric power significantly affect either the immediate or the ultimate location of economic activity in Europe and the United States?

Source: Harvard University Archives. Harvard University Final Examinations, 1853-2001. Box 5. Papers Printed for Final Examinations [in] History, History of Religions, … , Economics, … , Military Science, Naval Science (June 1940).

__________________________________

1940-1941

From Course Announcements

III
ECONOMIC HISTORY AND STRUCTURE

Economics 133. Recent Economic History, 1820-1914

Mon., Wed., Fri., at 3. Professor Usher.

Economics 136. Seminar. Topics in Modern Economic History

Two consecutive hours a week, to be arranged. Professor Usher.

[Previous post for the Economics 136 Seminar]

Source: Harvard University, Faculty of Arts and Sciences. Official Register of Harvard University. Vol. XXXVII (March 4, 1940), No. 7, Announcement of the Courses of Instruction, 1940-1941 (Provisional Announcement), p. 161.

Enrollment

III

Economics 133. Professor Usher. — Recent Economic History, 1820-1914.

Total 41: 31 Graduates, 4 Public Administration, 6 Radcliffe.

Economics 136. Professor Usher. — Seminar. Topics in Modern Economic History.

Total 10: 9 Graduates, 1 Senior.

Source: Harvard University. Report of the President of Harvard College 1940-41, p. 59.

1940-41
Harvard University
Economics 133
[Mid-year Exam, 1941]

I
(About one hour)

Write an essay on a topic based on the work of the reading period, or on one of the following topics: typical deviations from a “normal” distance principle in railway rate structures; elements of a concept of social evolution implicit in the work of Bentham and Malthus.

II
Answer THREE questions

What were the primary changes in the processes of producing malleable iron in the late eighteenth century? In what fields did these changes extend the use of iron products?
Describe the changes in ocean shipping services that resulted in the organized attempt to control rates through shipping conferences. Do you feel that these rate agreements imposed undesirable restrictions upon free competition?
Under what circumstances is labor “externally conditioned”? Do such phenomena make the location of economic activity indeterminate?
Answer (a) or (b).
1. What were the objectives of the Middle German Commercial Union? What were the basic factors in its failure?
2. Describe the protectionist groups in Germany between 1833 and 1865, and point out the reasons for the ineffectiveness of their activities.
Describe the broader features of the concentration of ownership of land in England, France, and Prussia in the late nineteenth century. Have we reason to believe that the degree of concentration was affected by the agrarian reforms of the period 1750-1850?

Source: Harvard University Archives. Harvard University Mid-year Examinations, 1852-1943. Box 14, Papers Printed for Mid-Year Examinations [in] History of Religions, … , Economics, … , Military Science, Naval Science in a bound volume, Mid-Year Examinations—1941.

1940-41
Harvard University
Economics 133
[Year-end Exam, 1941]

I
(About one hour)

Write an essay on a topic based on the work of the reading period, or on one of the following topics: the significance of locational theory for the restatement of the theory of international trade; the fallacies and dangers in the concept of a closed economy.

II
Answer THREE questions

Answer (a) or (b).
1. Sketch the development of the Bank of England as a central bank.
2. Describe the nature and the extent of the concentration of bank reserves in New York city under the old National Banking system. Was this a desirable or adequate means of achieving centralization of reserves? Why, or why not?
What were Adam Smith’s views on the use of the corporate form in private business, both as to public policy and private administration?
Does the history of private business corporations in the United States belie the wisdom of Smith’s judgment? Why, or why not?
Answer (a) or (b).
1. Discuss the place of wheat growing in British farming, and the effect upon agriculture in general of policies affecting wheat culture.
2. Were the countries of South Eastern Europe suffering from over-population in 1930? Why, or why not?
Answer (a), (b), (c), (d), or (e).
1. What circumstances led to the revision of the United States tariff in 1909? In what measure were the objectives of revision actually achieved?
2. Have we grounds for presuming that the development of the iron and steel industry of the United States was significantly influenced by the protection given it? Why, or why not?
3. What changes have taken place since 1880 in the position of Great Britain in the export markets of the world?
4. Discuss: “The agrarian interests in France made a fatal mistake in the decade of the eighties by seeking to share in protection instead of seeking reductions in the duties on manufactures.”
5. Discuss the program of the agrarian party in Germany towards the close of the last century.
Do changes in the expectation of life afford a significant measure of material well-being? Why, or why not?

__________________________________

1941-1942

From Course Announcements

III
ECONOMIC HISTORY AND STRUCTURE

Economics 133. Recent Economic History, 1820-1914

Mon., Wed., Fri., at 3. Professor Usher.

[Economics 136. Seminar. Topics in Modern Economic History]

Two consecutive hours a week, to be arranged. Professor Usher

Omitted in 1941-42.

Source: Harvard University, Faculty of Arts and Sciences. Official Register of Harvard University. Vol. XXXVIII (September 18, 1941), No. 54, Announcement of the Courses of Instruction, 1941-1942, p. 61.

Enrollment

III

Economics 133. Professor Usher. — Recent Economic History, 1820-1914.

Total 34: 26 Graduates, 4 Public Administration, 4 Radcliffe.

Source: Harvard University. Report of the President of Harvard College 1941-42, p. 64.

1941-42
Harvard University
Economics 133
[Mid-year Exam, 1942]

I
(About one hour)

Write an essay on a topic based upon the work of the reading period, or on one of the following topics: the postulates of liberalism; the influence of improvements in transport upon the importance of primary nodes.

II
Answer THREE questions

Sketch the broader features of the process of achievement, and indicate explicitly its relation to the process of invention.
Discuss: “The Marxian concept of the labor problem was largely implicit in the Marxian concept of the factory. Careful analysis of the conditions of employment in factories affords a basis for a significant restatement of the problems of labor.”
Answer (a), (b), (c), or (d).
1. Sketch the development of railroad rebates in the United States and discuss the elements of danger to shippers and to the public.
2. Describe the procedure of railway amalgamation in Great Britain in 1921, and discuss briefly the treatment of basic problems.
3. Describe the reorganization of French railways in 1921, and discuss the advantages of the plan.
4. Does the sketch of German railway policy in Barker actually support the conclusions he draws in respect of the advantages of state ownership?
In what respects does the history of the iron industry show the importance of a dominant material on the location and the structure of an industry? Draw illustrative material from the history of the industry in Great Britain, France, Germany, or the United States.
Answer (a), (b), or (c).
1. In what ways and in what degree did crop rotations lead to improvements in productivity and to more adequate differentiation of land use?
2. Sketch the development of the procedures and the policy of making grants of public lands to further internal improvements.
3. In what ways did the defects of the Harrison Act of 1800 lead to a demand for the revision of the general principles of public land policy?

Source: Harvard University Archives. Mid-year examinations, 1852-1943. Box 15, Papers Printed for Mid-Year Examinations [in] History, History of Religions,…Economics,…, Military Science, Naval Science. January-February, 1942 in bound volume Mid-year Examinations—1942.

1941-42
Harvard University
Economics 133
[Year-end Exam, 1942]

I
(About one hour)

Write an essay on a topic covered by the work of the reading period, or on one of the following topics: concepts and measures of material well-being, the gold standard in the nineteenth century.

II
Answer THREE questions.

Answer (a) or (b).
1. What were the essential features of the credit policy proposed by the Banking School, 1820-1840? In what respects was it unsound?
2. Sketch the development of the Free Banking system in the United States. Discuss its advantages and disadvantages.
Discuss the issues of fact raised by the prosecution of the United States Steel Corporation. Do you feel that the position taken by the Court was sound? Why, or why not?
Discuss the policy of Great Britain towards agriculture during and since the great depression. Do you feel that agriculture was sacrificed to misguided loyalty to a free trade policy?
Describe the effects of technical development upon units of management in the production and distribution of electricity since 1890.
Answer any one of the following:
1. Discuss the relative merits of proration and unit operation as solutions of the problem of regulating the production of petroleum.
2. Sketch the history of the reservation of oil lands by the government of the United States, and the development of their exploitation.
3. Sketch the development of oil production and trade in eastern Europe and the Dutch East Indies from 1900 to 1924.
4. Sketch the development of British oil policies, 1900-1924.

Source: Harvard University Archives. Papers of Alexander Gerschenkron, Box 3, Folder “Examinations 233a & b [1929/30-1967/68].

1942
Harvard University
Economics S133

I
(About one hour)

Write an essay on the selected topic.

II.
Answer three questions: exclusive of the general topic of the essay.

Answer a or b:
1. Sketch the development of the factory system from its origins to a position of clear dominance in Great Britain, or in Germany
2. Sketch the development of the factory system in the United States to 1880.
Answer a, b, c, or d:
1. Describe and discuss the characteristic features of railway rates in Trunk line territory before 1887.
2. Discuss the general features and the significance of the consolidation of railways in Great Britain in 1921.
3. Sketch the history of the French railway network through 1883.
4. Discuss the significance of water competition for the railways of Germany.
Under what circumstances is labor “externally conditioned”? Do such phenomena make the location of economic activity indeterminate?
Answer a or b:
1. Discuss the contributions of Peel and Cobden to the establishment of Free Trade in Great Britain.
2. Sketch the progress of negotiations leading to the German Customs Union during the years 1828 to 1834.
Answer a or b:
1. Sketch the development of the Bank of England as a central bank.
2. Sketch the development of contacts between the United States Treasury and the New York money market in the period, 1869-1914
Answer a or b:
1. Sketch the history of the petroleum Industry in the United States from 1859-1879.
2. Discuss the development and the significance of any single cartel in Great Britain or Germany.
Answer a, b, c, d, or e:
1. What was the purpose of the compensating duties in the woollen and worsted schedules of the United States tariff of 1867, 1883, and 1890? Did the duties as levied achieve this purpose?
2. Describe the different forms of dumping. How did the forms prevalent in the United States before 1914 affect the development of our domestic industries? Was dumping disadvantageous to the consumers of similar goods in the United States?
3. Does imperial preference meet the essential needs of ether Great Britain or her dominions? Why, or why not?
4. Discuss: “The history of protection in France shows clearly the impossibility of securing trustworthy objective evidence of its effect, but the record of the nineteenth century affords no presumption that the benefits of protection offset the palpable increases in the cost of living due to the tariffs.”
5. Has the experience of Germany thrown new light upon the effects of protection to agriculture? Why, or why not?
Answer a or b:
In what ways and to what extent have technological changes, since 1900, affected the regional balance of primary resources in Europe and the world at large?
What changes in the Malthusian theory of population are necessary to bring its broader elements into conformity with the historical record of the eighteenth and nineteenth centuries?

Source: Harvard University Archives. Papers of Alexander Gerschenkron, Box 3, Folder “Examinations 233a & b [1929/30-1967/68].

__________________________________

1942-1943

From Course Announcements

III
ECONOMIC HISTORY AND STRUCTURE

Economics 133. Recent Economic History, 1820-1914

Mon., Wed., Fri., at 3. Professor Usher.

Economics 136. Seminar. Topics in Modern Economic History]

Two consecutive hours a week, to be arranged. Professor Usher.

Source: Harvard University, Faculty of Arts and Sciences. Official Register of Harvard University. Vol. XXXIX (September 23, 1942), No. 53, Announcement of the Courses of Instruction, 1942-1943, p. 56.

Enrollment

III

Economics 133. Professor Usher. — Recent Economic History.

Total 15: 10 Graduates, 3 Public Administration, 2 Radcliffe.

Source: Harvard University. Report of the President of Harvard College 1942-43 p. 48.

1942-43
Harvard University
Economics 133
[Mid-year Exam, 1943]

I
(About one hour)

Write an essay on a topic based on the work of the reading period, or on one of the following topics: the shortcomings of Victorian liberalism, out-standing definitions of the factory and their significance.

II
Answer THREE questions.

Answer (a) or (b).
1. Discuss the changing conditions of competition among the various textile products from 1750 to 1851.
2. Describe the out-standing technical improvements in the iron industry in England in the late eighteenth century.
Answer one of the following:
1. Describe the devices employed by railroads in the United States to make personal discriminations in favor of particular shippers. What success has been achieved in the suppression of these practices?
2. Describe and discuss the primary features of the British Railway Act of 1921.
3. Discuss the relative significance of the benefits to the railroads and the new liabilities involved in the Conventions of 1883 between the great railroad companies and the French government.
4. Describe the inland waterways of Germany and discuss their place in the transport system.
What are the more important weight-losing materials? What is their relative significance for the localization of economic activity at the present time?
In what ways and to what extent did purely fiscal motives enter into the reform of the British tariff in the first half of the nineteenth century?
Answer (a), (b), or (c).
1. In what ways did new problems of land use affect the character of agrarian reforms in England and in Europe in the eighteenth and nineteenth centuries?
2. What compromises were involved in the adjustments of the claims to western lands?
3. Sketch the development of the political agitation for free land through the passage of the Homestead Act.

Source: Harvard University Archives. Papers of Alexander Gerschenkron, Box 3, Folder “Examinations 233a & b [1929/30-1967/68].

1942-43
Harvard University
Economics 133
[Year-end Exam, 1943]

I
(About one hour)

Write an essay on a topic covered by the work of the reading period, or on one of the following topics: modern formulations of autarky as an objective of economic policy; Victorian Liberalism — its prestige as a gospel, its deficiencies as a social philosophy.

II
Answer three questions.

Answer (a) or (b).
1. Describe the primary features of the London money market in the early nineteenth century, indicating essential specialization of function.
2. Describe the various elements in the Democratic party that were hostile to the Second Bank of the United States. In what ways, and to what extent did they influence Jackson?
Was the Sherman Law an appropriate and well designed instrument to prevent the kinds of abuse of economic power that were emerging in the United States about 1890? Why, or why not?
Answer (a) or (b).
1. Discuss British policy towards wheat growing before and after World War I.
2. Does German trade under exchange controls offer an adequate solution to the problems of the agricultural areas of south eastern Europe? Why, or why not?
Sketch the development of centralized power production in Great Britain and Germany.
In what respects does the record of population growth in Great Britain reveal the presence of factors unsuspected by Malthus?

Source: Harvard University Archives. Papers of Alexander Gerschenkron, Box 3, Folder “Examinations 233a & b [1929/30-1967/68].

__________________________________

1943-1944

From Course Announcements

III
ECONOMIC HISTORY AND STRUCTURE

Economics 133a. Economic History, 1750-1860

Half-course (summer term; to be repeated in spring term). Mon., Wed., Fri., at 3. Professor Usher.

Students will attend classes in Economics 33a and do supplementary work for [graduate] credit in this course.

Economics 133b. Economic History, 1860-1914

Half-course (winter term). Mon., Wed., Fri., at 3. Professor Usher.

Students will attend classes in Economics 33b and do supplementary work for [graduate] credit in this course.

Source: Harvard University, Faculty of Arts and Sciences. Official Register of Harvard University. Vol. XL (March 29, 1943), No. 4, Announcement of the Courses of Instruction, 1943-1944, p. 40.

Enrollment

III

Economics 133a. (winter term) Professor Usher. — Economic History, 1750-1860.

Total 16: 12 Graduates, 2 Public Administration, 2 Radcliffe.

Economics 133b. (winter term) Professor Usher. — Economic History, 1860-1914.

Total 23: 16 Graduates, 2 Public Administration, 4 Radcliffe, 1 Other

Source: Harvard University. Report of the President of Harvard College 1943-44 p. 57.

1943-44
Harvard University
Economics 33a, 133a
[Final Examination, June 1944]

Write an essay on a topic based on the work of the reading period, or on one of the following topics: Bentham’s contribution to the content of liberalism: the theory of invention.

II
(About two hours)
Answer THREE questions.

Answer (a) or (b).
1. What were the characteristic features of the agrarian reforms in France, 1750-1815?
2. Have we reason to presume that the plantation would have developed significantly in southern United States if slave labor had not become available? Did slave labor make the plantation more profitable than farming with free labor? Why, or why not?
Why has it been misleading to develop a concept of an “Industrial Revolution” that is to be identified with the period 1760-1800?
The generalization of the factory system created new problems in labor relations which were very imperfectly covered by the methods of collective bargaining even at their best.
In what ways did the development of steam navigation create new problems in merchant service and in national policy?
What is the significance of water and water power for the location of economic activity?

Source: Harvard University Archives. Papers of Alexander Gerschenkron, Box 3, Folder “Examinations 233a & b [1929/30-1967/68].

1943-44
Harvard University
Economics 33b, 133b
[Final Exam, February 1944]

I
(About one hour)

Write an essay on a topic covered by the work of the reading period, or on one
of the following topics: planning in a free society, the significance of monopolistic competition theory for the formulation of policies for the control of business.

II
Answer THREE questions.

Answer (a) or (b):
1. Describe the structure of the Bank of England under the Bank Act of 1844. What was the significance of the distinctive features of the new structure?
2. Sketch the development of the Suffolk Bank system.
Answer (a) or (b):
1. In what ways does the topography of a region exert an influence on the pattern of the railway network? What typical patterns of networks may be distinguished?
2. Describe the broader features of the Interstate Commerce Act of 1887. Do you feel that the courts were at fault for the disappointments experienced by the advocates of strict control?
Answer (a), (b), or (c):
1. What factors enabled the Standard Oil group to secure transport differentials from the railroads and from the pipe line companies?
2. What factors have controlled the development of integration of industry in Great Britain since 1870?
3. What changes have taken place in the structure of big business in Germany since 1919? How may we explain this development?
Describe the place of water power in the power system of the United States. Discuss the problems of policy involved in the full and effective utilization of these water powers.
What modifications of the Malthusian theory of population are necessary to bring its broader features into conformity with the historical record of the eighteenth and nineteenth centuries?

Source: Harvard University Archives. Papers of Alexander Gerschenkron, Box 3, Folder “Examinations 233a & b [1929/30-1967/68].

__________________________________

1944-1945

From Course Announcements

III
ECONOMIC HISTORY AND STRUCTURE

Economics 133a. Economic History, 1750-1860

Half-course (winter term). Tu., Th., and (at the pleasure of the instructor) Sat., at 12. Professor Usher.

Students will attend classes in Economics 33a and do supplementary work for [graduate] credit in this course.

Economics 133b. Economic History, 1860-1914

Half-course (winter term; to be repeated in spring term). Mon., Wed., and (at the pleasure of the instructor) Fri., at 2. Professor Usher.

Students will attend classes in Economics 33b and do supplementary work for [graduate] credit in this course.

Source: Harvard University, Faculty of Arts and Sciences. Official Register of Harvard University. Vol. XLI (September 15, 1944), No. 19, Announcement of the Courses of Instruction, 1944-1945, pp. 36-37.

Enrollment

III

Economics 133a. (winter term) Professor Usher. — Economic History, 1750-1860.

Total 20: 14 Graduates, 3 Public Administration, 3 Radcliffe.

Economics 133b. (winter term) Professor Usher. — Economic History, 1860-1914.

Total 17: 15 Graduates, 4 Public Administration, 7 Radcliffe [sic]

Source: Harvard University. Report of the President of Harvard College 1944-45 p. 64.

1944-45
Harvard University
Economics 33a, 133a
[Final Exam, February 1945]

I
(About one hour)

Write an essay on a topic based on the work of the reading period, or on one of the following topics: liberalism; the structure and objectives of a free society.

II
Answer three questions

Answer a, b, or c.
1. In what ways did the rights enjoyed by English “landlords” of the eighteenth century fall short of being rights of unqualified ownership?
2. Discuss: “Homestead settlement had its essential roots in the practices of southern United States, but the formal adoption of the policy was persistently opposed by southern members in Congress.”
3. Sketch the various types of labor management used on southern plantations.
What are the essential features of the system of quantity production? Was the date of its significant introduction determined primarily by economic or by technological conditions?
Answer a or b.
1. Discuss the critical problems involved in the definition of a factory.
2. Describe the more conspicuous abuses in the administration of the old poor laws. Comment on the reform accomplished in 1834.
What conditions stood in the way of an early development of the operation of ocean going steamships by American builders and owners?
Why did the application of power to industry and transport alter the significance of surplus food supplies for the location of economic activity?

Source: Harvard University Archives. Harvard University Final Examinations, 1853-2001. Box 10. Papers Printed for Final Examinations Winter Term [in] History, History of Religions, … , Economics, … , Military Science, Naval Science (February 1945).

1944-45
Harvard University
Economics 33b, 133b
[Final Exam. June 1945]

I
(About one hour)

Write an essay on a topic covered by the work of the reading period, or on one of the following topics: revisions and restatements of the theory of population; the future of the liberal concept of economic statesmanship.

II
Answer three questions

Answer (a) or (b).
1. What were the primary contentions of the Bullionist writers? In what respects would their positions now be criticized?
2. What tendencies towards centralization of banking appeared in the United States in the early nineteenth century?
Answer (a) or (b).
1. Under what circumstances does value of the transport service modify the rate structure of a railway network? Are discriminations of this nature “reasonable”?
2. In what ways did the Hepburn Act (1906) extend the authority of the Interstate Commerce Commission? Were the new powers adequate?
Answer (a) or (b).
1. Describe the position of the United States Steel Corporation in the industry about the time of the decision of the Supreme Court. Do you feel that the Court was justified in finding that “full and free competition” existed in the industry?
2. Does the experience of Germany indicate that the “cartel” is a satisfactory and permanent means of organizing big business enterprises? Why, or why not?
What is, at present, the relative significance of coal, oil, and water power as sources of mechanical energy? Are there grounds for believing that the future development of water power will significantly alter the pattern of industrialization in the world?
Describe recent tendencies toward centralization of power production in Great Britain and continental Europe. Discuss the economic and social consequences of these changes.

Source: Harvard University Archives. Harvard University Final Examinations, 1853-2001. Box 10. Papers Printed for Final Examinations [in] History, History of Religions, … , Economics, … , Military Science, Naval Science (June 1945).

__________________________________

1945-1946

From Course Announcements

III
ECONOMIC HISTORY AND STRUCTURE

Economics 133a. Economic History, 1750-1860

Half-course (fall term). Tu., Th., and (at the pleasure of the instructor) Sat., at 11. Professor Usher.

Economics 133b. Economic History, 1860-1914

Half-course (spring term). Tu., Th., and (at the pleasure of the instructor) Sat., at 11. Professor Usher.

Source: Harvard University, Faculty of Arts and Sciences. Official Register of Harvard University. Vol. XLII (March 31, 1945), No. 8, Announcement of the Courses of Instruction, 1945-1946, p. 40.

Enrollment

III

Economics 133a. (fall term) Professor Usher. — Economic History, 1750-1860.

Total 54: 34 Graduates, 1 Junior, 1 Freshman, 4 Public Administration, 14 Radcliffe.

Economics 133b. (spring term) Professor Usher. — Economic History, 1860-1914.

Total 79: 58 Graduates, 1 Sophomore, 9 Public Administration, 11 Radcliffe

Source: Harvard University. Report of the President of Harvard College 1945-46, p. 59.

1945-1946
Harvard University
Economic 133a
[Final Exam, August 1946]

Answer all questions. Question 1 is given double weight. Please write clearly and in ink.

Write an essay of one hour on the factors which appear to have controlled the timing and rate of industrial development of areas, using illustrative material from the industrial history of England, France, Germany, and the United States. What recommendations respecting policy would you make to a government of a backward nation anxious to achieve, not only parity in industrial development and technology, but also a position of leadership in these fields?
Compare the major features of the structures of land ownership and use, and of agricultural organization during the first half of the nineteenth century in two of the following regions: Great Britain, France, the southern United States, the American West. Discuss fully the economics of each of the two systems considered and criticize in the light of this discussion the public and private policies involved in each.
Explain how the Industrial Revolution and the factory system in Great Britain altered the position of the workers in the economic system, and discuss in the light of the prevailing concepts of economic and political organization the problems of government labor policy which arose.
Analyze the remarkable boom in the American shipping and ship-building industries between 1830 and 1856, and the subsequent collapse. In this connection, what features of American and British merchant marine policy appear to have been important, and which of these policies might be criticized as being undesirable or ill-conceived from the American point of view?
Discuss the evolution of the structure of the British money market and banking system between the late eighteenth century and the mid-nineteenth century, showing the major changes which occurred, and analyzing the primary problems which arose.

Source: Harvard University Archives. Papers of Alexander Gerschenkron, Box 3, Folder “Examinations 233a & b [1929/30-1967/68].

1945-1946
Harvard University
Economics 133b
[Final Exam, August 1946]

Answer all questions. Please write clearly and in ink.

Compare the primary features since 1860 of railway organization and public railway policy in two of the following countries: the United States, Germany, France, Great Britain. Analyze the points of strength and weakness which you find in each of the two cases.
Analyze the reasons for the continued failure of American foreign-trade shipping to make progress between 1860 and 1914. In particular, what problems were encountered in the use of ship subsidies, and what conclusions do you draw from this experience, and that of other countries, regarding the essentials of a good subsidy policy?
Analyze the reasons for the development of industrial integration in the United States, and explain the timing of the movement. In this connection compare and criticize the integration movements and associated public policies in the United States and in Germany or Britain.
What major problems have arisen in connection with the control and exploitations of major sources of energy for capitalistic economies? How has the energy problem conditioned the economic development and basic policies of western nations?
Analyze the factors responsible for the agricultural maladjustments of the period 1914-1939. In what respects does this period differ from that from 1870 to 1914?
Write an essay discussing those features of the economic history of the nineteenth and twentieth centuries which seem to you evidences of progress, and those which seem the reverse. What concept and test of progress, or of the lack of it, do you consider valid.

Source: Harvard University Archives. Papers of Alexander Gerschenkron, Box 3, Folder “Examinations 233a & b [1929/30-1967/68].

__________________________________

1946-1947

From Course Announcements

III

[NOTE: the announcement of courses of instruction no longer distinguishes “Economic history” courses from others in group III…cf: Group I Theory/Group II Statistics]

Economics 133a. Economic History, 1750-1860

Half-course (fall term). Tu., Th., and (at the pleasure of the instructor) Sat., at 11. Professor Usher.

Economics 133b. Economic History, 1860-1914

Half-course (spring term). Tu., Th., and (at the pleasure of the instructor) Sat., at 11. Professor Usher.

Source: Harvard University, Faculty of Arts and Sciences. Official Register of Harvard University. Vol. XLIII (September 3, 1946), No. 21, Announcement of the Courses of Instruction, 1946-1947, p. 45.

Enrollment

III

Economics 133a. Professor Usher. — Economic History, 1750-1860 (F).

Total 68: 46 Graduates, 3 Seniors, 1 Junior, 10 Public Administration, 8 Radcliffe.

Economics 133b. Professor Usher. — Economic History, 1860-1914 (Sp).

Total 73: 50 Graduates, 1 Senior, 1 Junior, 12 Public Administration, 9 Radcliffe

Source: Harvard University. Report of the President of Harvard College 1946-47, p. 71.

1946-47
Harvard University
Economics 133a
[Final Exam, January 1947]

I
About one hour

Write an essay based on the work of the reading period or on one of the following topics: the Marxian concept of the factory and its problems: British and American shipping subsidies.

II
Answer three questions.

What were the essential features of the rotation systems developed in Great Britain and in Europe? In what ways and to what extent did the introduction of the rotations require reform of tenure and of village organization?
Discuss: “Recent developments of science and of scientific methods have made invention a laboratory process; it has become a group activity independent of particular individual endowments.”
What are the characteristic features of craft industry? Describe and define the different kinds of relationships to be found in the craft industries.
Is Weber’s treatment of transportation costs as uniform ton-mile rates a satisfactory basis for the theoretical analysis of the location of economic activity? Why, or why not?
Answer a or b.
1. What political and economic circumstances led to the success and significance of the German Customs Union?
2. In what respects was the liberal philosophy of the nineteenth century unsound or incomplete?

Source: Harvard University Archives. Papers of Alexander Gerschenkron, Box 3, Folder “Examinations 233a & b [1929/30-1967/68].

1946-47
Harvard University
Economics 133b
[Final Exam, May 1947]

I
About one hour

Write an essay on a topic based on the work of the reading period, or on one of the following topics: the legal concept of “free competition” in U. S. statutes and case decisions; the significance of the value of transport in railroad rate structures.

II
Answer THREE questions

Answer (a) or (b).
1. What were the merits and defects of the defense of the policies of the Bank of England made by the officers of the Bank, in the period 1820-1840?
2. Describe the tendencies toward centralization of banking activity in the state banking systems of the United States prior to 1860.
Answer (a), (b), or (c).
1. Sketch the development of British policy towards railroad construction and regulation, 1830-1914.
2. In what ways did the government of France give financial aid to the construction and operation of railroads prior to World War I?
3. What were the characteristic features of the rate structure in the southern United States prior to World War I?
In what ways did the development of the Bessemer Converter and the Open Hearth process affect the structure and organization of the iron and steel industry?
Discuss the social and economic problems embodied in the doctrine of “capture” as developed in the United States in respect of property rights in petroleum.
Discuss: “The Malthusian principles of population were not essentially incorrect, though the formulation by Malthus was infelicitous and incomplete, and later discussion has commonly exaggerated the defects of the original presentation.”

Source: Harvard University Archives. Papers of Alexander Gerschenkron, Box 3, Folder “Examinations 233a & b [1929/30-1967/68].

__________________________________

1947-1948

From Course Announcements

III

Economics 133a. Economic History, 1750-1860

Half-course (fall term). Tu., Th., and (at the pleasure of the instructor) Sat., at 11. Professor Usher and Assistant Professor Rostow.

Economics 133b. Economic History, 1860-1914

Half-course (spring term). Tu., Th., and (at the pleasure of the instructor) Sat., at 11. Professor Usher and Assistant Professor Rostow.

Economics 136a. Seminar. Topics in Modern Economic History

Half-course (spring term). Hours to be arranged. Professor Usher and Assistant Professor Rostow.

Economics 136b. Seminar. Topics in Modern Economic History

Half-course (spring term). Hours to be arranged. Professor Usher and Assistant Professor Rostow.

Source: Harvard University, Faculty of Arts and Sciences. Official Register of Harvard University. Vol. XLIV (September 9, 1947), No. 25, Announcement of the Courses of Instruction, 1947-1948, p. 74.

Enrollment

III

Economics 133a. Professor Usher. — Economic History, 1750-1860 (F).

Total 77: 59 Graduates, 11 Public Administration, 7 Radcliffe.

Economics 133b. Professor Usher. — Economic History, 1860-1914 (Sp).

Total 65: 50 Graduates, 8 Public Administration, 6 Radcliffe, 1 Other

Economics 136a. Professor Usher. — Seminar. Topics in Modern Economic History (F).

(F) Total 7: 5 Graduates, 1 Junior, 1 Radcliffe

Economics 136b. Professor Usher. — Seminar. Topics in Modern Economic History (Sp).

(Sp) Total 5: 5 Graduates

Source: Harvard University. Report of the President of Harvard College 1947-48, p. 91.

1947-48
Harvard University
Economics 133a
[Final Exam, January 1948]

I.
About one hour

Write an essay on a topic based on the work of the reading period, or on one of the following topics: the place of energy resources in the economy of a region, the concept of the factory.

II.
Answer three questions

Answer a, b, or c.
1. How did copyhold tenures arise in England? In what respects, and on what grounds, were the relations of the copyholder to his lord modified by judicial interpretation?
2. Discuss: “The National Assembly destroys entirely the feudal régime, and decrees the abolition without compensation of all feudal dues.” Resolution of Aug. 11, 1789.
3. Discuss the political and economic issues involved in granting rights of preemption to squatters on the Public Domain.
Answer a, or b.
1. What were the more important stages in the development and application of the hydraulic and steam turbines?
2. Describe the official and unofficial procedures for establishing wage rates in England in the eighteenth century.
Describe the various types of improved inland waterways, and discuss the effectiveness of competition between waterways and railroads.
What types of industries can be most advantageously located at wholesale market sites? why?
Discuss: “The function of state coercion is to override individual coercion; and, of course, coercion exercised by any association of individuals within the state.”

Source: Harvard University Archives. Papers of Alexander Gerschenkron, Box 3, Folder “Examinations 233a & b [1929/30-1967/68].

1947-48
Harvard University
Economics 133b
[Final Exam, May 1948]

I
(About one hour)

Write an essay on a topic based on the work of the reading period, or on one of the following topics: “malefactors of great wealth,” the judicial concept of competition.

II
Answer THREE questions.

Answer (a) or (b):
1. “The Bank Act of 1844 is an outstanding illustration of erroneous policy: the act failed to achieve any of its essential purposes; it remained on the statute books because it secured incidental conveniences that were really without importance.” Discuss.
2. Describe the relations between the United States Treasury and the National Banks, 1865-1913.
Answer (a), (b) or (c):
1. What are the obstacles to the adoption of cost of service as a test of the “reasonableness” of railroad rates?
2. In what ways, and to what extent did the British government encourage competition among railroads in the nineteenth century?
3. Did the Interstate Commerce Act of 1887 provide adequate remedies for the abuses against which it was directed? Why, or why not?
Describe the technical factors affecting the size of the enterprise in the iron and steel industry, or the electric power industry.
Discuss the competitive position of coal as a source of energy since 1900.
In what ways and to what extent do vital statistics throw light upon the relative well-being of different populations?

Source: Harvard University Archives. Papers of Alexander Gerschenkron, Box 3, Folder “Examinations 233a & b [1929/30-1967/68].

__________________________________

1948-1949

From Course Announcements

Note: Usher’s last year, Gerschenkron’s first year.

III

Economics 233a (formerly 133a). Economic History, 1750-1860

Half-course (fall term). Tu., Th., and (at the pleasure of the instructor) Sat., at 11. Professor Usher and Associate Professor Gerschenkron.

Economics 233b (formerly 133b). Economic History, 1860-1914

Half-course (spring term). Tu., Th., and (at the pleasure of the instructor) Sat., at 11. Professor Usher and Associate Professor Gerschenkron.

Economics 236 (formerly 136a and 136b). Seminar. Topics in Modern Economic History

Full-course. Wed., 4-6. Professor Usher and Associate Professor Gerschenkron.

Source: Harvard University, Faculty of Arts and Sciences. Official Register of Harvard University. Vol. XLV (September 15, 1948), No. 24, Announcement of the Courses of Instruction, 1948-1949, p. 78.

Enrollment

III

Economics 233a (formerly 133a). Economic History, 1750-1860 (F). Professor Usher and Associate Professor Gerschenkron.

Total 43: 38 Graduates, 1 Senior, 2 Public Administration, 5 Radcliffe. [sic]

Economics 233b (formerly 133b). Economic History, 1860-1914 (Sp). Professor Usher and Associate Professor Gerschenkron.

Total 42: 38 Graduates, 2 Public Administration, 2 Radcliffe

Economics 236 (formerly 136a and 136b). Seminar. Topics in Modern Economic History (Full Co.) Professor Usher and Associate Professor Gerschenkron.

(F) Total 2: 2 Graduates
(Sp) Total 4: 2 Graduates, 1 Senior, 1 Public Administration

Source: Harvard University. Report of the President of Harvard College 1948-49, p. 78.

1948-49
Harvard University
Economics 233a
[Final Exam, January 1949]

I
About one Hour

Write an essay on a topic based on the work of the reading period, or on one of the following topics: the process of invention, the copyhold tenure.

II
Answer three questions

Answer a, b, or c.
1. Describe the primary features of the métayage tenures in France. Discuss the advantages and disadvantages of the tenure.
2. In what ways did the defects of the Harrison Act of 1800 lead to a demand for the revision of the general principles of public land policy?
3. Discuss the problems of determining the effective costs of slave labor on the plantations of the southern United States.
In what ways and to what extent did the development of the factory system modify the position of the capitalist or entrepreneur?
In what way did the development of steam navigation affect the character of competition and the organization of oceanic shipping in the second half of the nineteenth century?
Answer a or b.
1. What factors must be considered in computing the capacity of a railroad? What are the more conspicuous kinds of unused capacity?
2. Describe the primary features of the patterns of procurement and distribution costs in a material oriented industry.
Answer a or b.
1. Discuss the relative significance of Peel’s budget of 1842 and the repeal of the Corn Laws as the date line for the establishment of the Free Trade principle.
2. What were the distinctive contributions of Bentham to the development of liberalism?

Source: Harvard University Archives. Harvard University Final Examinations, 1853-2001. Box 16. Papers Printed for Final Examinations [in] History, History of Religions, … , Economics, … , Military Science, Naval Science (February 1949) in the bound volume Final Examinations Social Sciences, Feb. 1949.

1948-49
Harvard University
Economics 233b
[Final Exam, June 1949]

I
(About one hour)

Write an essay on a topic based on the work of the reading period, or on one of the following topics: the legal concept of competition in the United States; the measurement of material well-being.

II
Answer three questions.

Answer (a) or (b).
1. Describe the policies and functions of the Bank of England 1790-1819. Were the policies of the Bank essentially sound?
2. What problems were presented in the choice of a monetary standard in the United States? What were the defects of the Mint Act of 1792?
Answer (a) or (b).
1. What are the advantages and disadvantages of organizing a railway network under a principle of regulated regional monopoly?
2. Describe the Trunk Line’ Rate system in the United States. Discuss its significance for theoretical analysis of railroad rate structures.
Answer (a) or (b).
1. Describe the tensions and difficulties in the steel industry of the United States in the decade 1890-1900. Did the formation of the United States Steel Corporation provide a sound and satisfactory solution for these problems?
2. In what ways and to what extent did the development of industrial consolidation in Germany after 1919 lead to the formation of more fully integrated enterprises than the older cartels?
Discuss the purposes and primary features of the British Electricity Supply Acts of 1919 and 1926.
How may we explain the changes in the birth rates and death rates in England in the eighteenth and nineteenth centuries?

Source: Harvard University Archives. Papers of Alexander Gerschenkron, Box 3, Folder “Examinations 233a & b [1929/30-1967/68].

Image Source: Edwin F. Gay (left) and Abbott P. Usher (right) from Harvard Class Album 1934.

Tags Gay, Gerschenkron, RostowWW, Usher

Chicago Economists Harvard

Harvard. Course Transcript of economics Ph.D. alumnus (1922), Jacob Viner

Post author By Irwin Collier
Post date 2022-01-07

Besides the collection and careful transcription of historical course syllabi and examination questions from leading centers of economics education in the United States, Economics in the Rear-view Mirror also shares information on the structure of undergraduate and graduate economics programs as well as the granular detail found in the transcripts of individual students.

Recently I posted the Harvard graduate transcript of Edward Chamberlin. Today’s post provides us the Harvard course record of that economist’s economist, Jacob Viner, later of Chicago and Princeton fame.

__________________________

THE GRADUATE SCHOOL OF ARTS AND SCIENCES
Record of Jacob Viner

Years: 1914-15, 1915-16

[Previous] Degrees received.

A.B. McGill 1914

First Registration: 28 Sept. 1914

1914-15	Grades
First Year	Course	Half-Course
Economics 11	A
Economics 12		A-
Economics 17	A
Economics 33 (full)	A
Economics 34	B+

German A	B+

Division: History, Government, & Economics
Scholarship, Fellowship: University
Assistantship:
Austin Teaching Fellowship:
Instructorship:
Proctorship:
Degree attained at close of year: A.M.

1915-16	Grades
Second Year	Course	Half-Course
Economics 2a¹		A-
Economics 2b²		abs.
Economics 8¹		A
Economics 14	“excused”
Economics 18a²		cr. for[…]
Economics 31	“exc.”

Philosophy 18²		abs.
Philosophy 25a¹		A-

Division:
Scholarship, Fellowship: Henry Lee Memorial
Assistantship:
Austin Teaching Fellowship:
Instructorship:
Proctorship:
Degree attained at close of year: Ph.D. 1922 (Feb.)

Source: Harvard University Archives. Graduate School of Arts and Sciences. Record Cards of Students, 1895-1930, Sun—Walls (UAV 161.2722.5). File I, Box 14, Record Card of Jacob Viner.

__________________________

Courses Names and Professors

1914-15

Economics 11. Economic Theory. Professor Taussig.

Economics 12¹. (half course) Scope and Methods of Economic Investigation. Professor Carver.

Economics 17. Economic Theory: Value and Related Problems. Assistant Professor B.M. Anderson, Jr.

Economics 33. International Trade and Tariff Problems in the United States. Professor Taussig

Economics 34. Problems of Labor. Professor Ripley.

German A. Elementary Course (prescribed for students who cannot show that they have a satisfactory knowledge of Elementary German)

1915-16

Economics 2a¹. European Industry and Commerce in the Nineteenth Century. Professor Gay, assisted by Mr. A.H. Cole and Mr. Ryder.

Economics 2b². Economic and Financial History of the United States. Professor Gay, assisted by Mr. A.H. Cole and Mr. Ryder.

Economics 8¹. Principles of Sociology. Professor Carver, assisted by Mr. Bovingdon.

Economics 14. History and Literature of Economics to the year 1848. Professor Bullock.

Economics 18a². Analytical Sociology. Asst. Professor Anderson.

Economics 31. Public Finance. Professor Bullock.

Philosophy 18². Present Philosophical Tendencies. A brief survey of contemporary Materialism, Pragmatism, Idealism, and Realism.

Philosophy 25a¹. Theory of Value. Professor R.B. Perry.

Sources: Harvard University, Faculty of Arts and Sciences. Course of instruction. 1879-2009; Harvard University. Report of the President of Harvard College, 1826-1995.

__________________________

Ph.D. in Economics Awarded 1922

Jacob Viner, A.B. (McGill Univ.) 1914, A.M. (Harvard Univ.) 1915.

Subject, Economics. Special Field, International Trade. Thesis, “The Canadian Balance of International Indebtedness, 1900-1913.”
Assistant Professor of Political Economy, University of Chicago.

Source: Harvard University. Report of the President of Harvard College, 1921-1922, p. 65.

Image Source: Jacob Viner (pipe smoker in the center) playing cards with Messrs. Grabo, Prescott, and Ralph Sanger (mathematician). University of Chicago Photographic Archive apf1-08487, Special Collections Research Center, University of Chicago Library.

Tags Anderson, Bovingdon, Bullock, Carver, ColeAH, Gay, Ripley, Ryder, Taussig, Viner

Economics Programs Harvard Undergraduate

Harvard. Economics Chair annual reports to Dean, 1932-1941

Post author By Irwin Collier
Post date 2021-11-21

This post takes us from the trough of the Great Depression to the eve of the U.S. entry into the Second World War. The items below are transcriptions of copies of reports written by the Harvard economics department chairmen of the time (Harold Hitchings Burbank (a.k.a. Burbie to his Buds) and Edward Hastings Chamberlin. Some chest-thumping, some whining, no notes of irony and definitely no flashes of wit…we all know this art form. Nevertheless some raw intelligence of value for working historians of economics of the present and future.

____________________________

November 12, 1932

Dear Dean Murdock,

Under the Faculty vote of December, 1931, the Chairman of each Department is requested to report in each half year to the Dean of the Faculty on the working of the plan recommended by the Committee on Instruction concerning Hour Examinations and Other Course Requirements. My report for the Department of Economics follows.

Acting on the Report from the Committee on Instruction, the Department of Economics on January 12, 1932 voted to observe the recommendations of the Committee. Following the Department meeting, I reported to you to the effect that the requirements of the Department of Economics were substantially in accord with the principles laid down by the Committee on Instruction. Ordinarily, we require not more than one Hour Examination in any one half year; ordinarily, we require not more than one thesis or report in any one half year. It is the standing rule of the Department of Economics and of the Division of History, Government, and Economics, that Senior candidates for Honors, who are writing Honors theses, shall be excused from the writing of any theses in courses within the Division. After a long discussion and with considerable reluctance, the Department voted that for Seniors who are candidates for Honors in the Division, Hour Examinations in courses within the Department shall be optional.

The vote of the Department was made known immediately to the students and observed in all of our undergraduate course (not of an introductory nature) during the second half of last year, and it is being observed in the current half year.

In the Division of History, Government, and Economics, we have had for many years a rule that all Seniors in good standing shall be exempted from final examinations in courses within the Division in their last half year. The result has been, of course, that after the April Hour Examinations, Seniors have paid little attention to courses within in the Division, and their attendance has been hardly more than occasional. The members of the Department who are more interested in courses than in General Examinations, and who perhaps doubt the efficacy of General Examinations, view this situation with increasing criticism.

When the Department voted the making of Hour Examinations optional for Seniors who are candidates for Honors, the doubting members were highly critical, fearing that our courses elected largely by Seniors would be entirely disrupted. From all that I can learn, I cannot see that there have been any untoward or undesirable results. In most of our “Senior” courses, the attendance until the Easter recess was satisfactory. Honors candidates attended lectures and, I believe, completed most of the required readings. Their records on the General Examinations were excellent. The Honors theses were among the best we have ever had.

A number of members of my Department and not a few members of the Departments of History and Government are strongly opposed to the new order. They make the point that we have in substance permitted an additional reduction in courses, that Senior Honor candidates are simply required to register in courses, but they have nether to attend them nor to do the work. All of these allegations are true enough, but it seems to me they are beside the point. To the extent that we have confidence in our examiners and tutors, I do not believe that in effect the requirements regarding the quality and quantity or work have been reduced.

The Department of History has recommended to the other departments of the Division the consideration of a motion which would require all senior candidates for Honors to complete whatever courses in History they elect. I think that probably the departments of the Division will consider in full detail the questions this motion involves.

Sincerely yours,
H. H. Burbank

Dean Kenneth B. Murdock
20 University Hall

Source: Harvard University Archives. Department of Economics, Correspondence and Papers (UAV 349.11). Box 2, Folder “Report to the Dean on the Department 1932-…”

____________________________

1933
[not found]

A copy of the report is not found with the others included in this post: Harvard University Archives. Department of Economics, Correspondence and Papers (UAV 349.11). Box 2, Folder “Report to the Dean on the Department 1932-…”

____________________________

October 15, 1934

Dear Dean Murdock,

I beg to submit the following report for the Department of Economics:

In this period of rapid economic evolution the problems presented to a group of university economists are both stimulating and perplexing. The changing pattern of our social and economic structure offers new data for analysis and at the same time calls for a testing of principle that involves new fields for both teaching and research.

There have been few periods in modern history more difficult to interpret, yet the responsibility for interpretation seems foremost among the duties devolving upon educational institutions. For many years the keystone of the introductory course in economics has been that the community has the right to expect political and economic leadership from the graduates of its colleges. Our undergraduate courses are directed toward the attainment of this end. But the teaching of political economy is an art not easily mastered even by those who give abundant evidence of intellectual leadership. In the instruction of undergraduates and in the training of teachers and scholars in our graduate school, the difficulties inherent in our subject must not be overlooked. The presentation of the data of economics makes demands upon the staff not felt in many other departments of the University. Looking toward the strengthening of our undergraduate instruction, the Department is now associating a number of the junior members of the staff with the senior members who are now in charge of the large lecture courses. In Money and Banking, in the Relations of Government to Industry, and in Public Finance, this experiment is advanced sufficiently to indicate its desirability.

At the same time that our teaching problems have become intensified the need for the results of research is pressing. In periods of accelerated social evolution involving political and economic experimentation, the demand for accurate data is insistent. Relatively, economics is a young science. The foundations of fact are still being established. Investigations that may have an important bearing upon government policy should not be delayed. The economists of this University have contributed largely to their subject, but always with scant facilities in material equipment and in time.

Among the many problems confronting us as a group, that of securing the time necessary for research is perhaps the most troublesome. To our exacting teaching requirements must be added the demands for public service. Since the establishment of this Department, the requests for such service heave been continuous. Of late the increasing calls have raised a question which must be considered by the University administration. The opportunities for service to governments are gratifying. Undoubtedly these services belong among the necessary functions of a university. But obviously they do divert a considerable part of our time and energy from our strictly defined duties. Over the years the University is enriched by such services, but at any given time the responsibilities attaching to teaching and research are interrupted. If the University Includes public service among its important functions, the personnel of the staffs affected should be so adjusted that the work can be performed without overtaxing our internal activities.

During the past your, the leave of absence of Professor John M. Williams was continued to allow him to serve as Economist of the Federal Reserve Bank of New York to advise on monetary and credit policies, and to direct research. In the latter part of the year, Professor Williams was called by the Department of State to investigate certain conditions in Brazil, Uraguay [sic], Argentina, and Chili [sic] and to formulate policies of exchange controls. Daring the second half-year, Assistant Professor Edward H. Chamberlin was granted leave of absence to work with the Committee on Government Statistics and Information Services in Washington. Also, during the second half-year, though leave was not requested, Assistant Professor William T. Ham was in Washington frequently, serving as a member of the staff of the Labor Advisory Board of the National Recovery Administration. And also, though no leave was requested, Professor John D. Black devoted a substantial part of the year to public service. He served on a number of committees connected with the Agricultural Adjustment Administration and land utilization. At the request of Secretary Wallace, he organized and directed the activities of committees outlining programs of economic research in (1) the marketing of farm products and (2) farm population and rural life. Also at the request of the Secretary of Agriculture, he served with two others to coordinate the work of the Agricultural Adjustment Administration and the Bureau of Agricultural Economics of the United States Department of Agriculture. In the summer months, Drs. Alan Sweezy and Lauchlin B. Currie were called to the Treasury Department to serve as special investigators.

Owing to his illness, Professor Emeritus William Z. Ripley was unable to fulfill his duties as President of the American Economic Association. In his absence, Professor Abbott P. Usher, first Vice-President of the Association, was in charge of the December, 1933 session.

Notable among our publications of the year were Twenty Years of Federal Reserve Policy, by S. E. Harris, and The Theory of Monopolistic Competition, by E. H. Chamberlin. Because of its significance for immediate practical application, I am including at this point the Report of the Committee on Model State and Local Taxation, by Professor C. J. Bullock’s committee of the National Tax Association. Also at this point, mention should be made of Economics of the Recovery Program, by seven members of the Department. In the course of the year, about forty-five articles were contributed to scientific journals by various members of the Department.

Within the limitations described above, the research work of the staff is going forward at a satisfactory rate. Investigations in the following subjects are well advanced: History of the Industrial Revolution; Development of Banking and Credit in the Sixteenth and Seventeenth Centuries; Evolution of English Company Law; Economic Fluctuations; Nature and Effects of Inflation; Index Numbers; Municipal Ownership of Public Utilities; State and Local Taxation; Unbalanced Budgets; The National Income; New England Agriculture; The Economics of Agricultural Production; German Trade Unionism; The Fundamentals of Sociology; Economics and Politics; Socialism as an International Movement.

A considerable number of these projects are nearing completion and should be ready for publication shortly. A large project on the relation of Government to Industry involving the efforts of a number of the staff is in its initial stages. This subject is of such immediate importance that other plans for research are being put aside until it can be carried to its completion. The Quarterly Journal of Economies has continued its usual high standard. During the year, five substantial volumes were added to the Harvard Economic Studies.

Again I would press the point that the potential research capacity of the Department is severely handicapped by the demands of teaching and public service.

Sincerely yours,
H. H. Burbank

Dean Kenneth B. Murdock
20 University Hall

Source: Harvard University Archives. Department of Economics, Correspondence and Papers (UAV 349.11). Box 2, Folder “Report to the Dean on the Department 1932-…”

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October 18, 1935

Dear Dean Birkhoff:

I beg to submit the following report for the Department of Economics.

In the report of last year the effects of the contemporary political and economic situation upon our problems of teaching and research were discussed briefly. More than ever we are aware of the responsibilities incumbent upon the teacher of Economics in this period of rapid and far-reaching change. Our undergraduate instruction had been, and is, receiving particular attention. A few years ago we began experimentally the association of a number of the junior members of the staff with the senior members who are nominally in charge of the larger lecture courses. We are quite convinced that this method of instruction is most effective. Also there is a positive, although perhaps incidental, advantage in this arrangement in that it relieves the pressure for the multiplication of undergraduate courses.

I find it necessary to stress again the problem presented by the demands upon our staff for services to the public. We believe that public service belongs among the necessary functions of a university. But under existing conditions large demands for public service at any given time bring serious interruptions to both research and instruction. “If the University includes public service among its important functions the personnel of the staffs affected should be so adjusted that the additional work can be performed without taxing severely our internal activities.”

I am very happy, to write that Professor Chamberlin’s “The Theory of Monopolistic Competition”, published somewhat over a year ago, has won immediate recognition as a foremost contribution to economic theory. During the past year two books of unusual importance have appeared,—Professor John D. Black, “The Dairy Industry and the A.A.A.”, and Professor Sumner Slichter, “Towards Stability”. Six manuscripts have been completed, and should appear in book form during the present year. It is significant that five of these books have been written by the younger members of our Department whose teaching duties have been mainly of a tutorial nature. Among the publications I should note the report submitted to the Treasury Department on the “Objectives and Criteria of Monetary Policy” by Dr. Alan Sweezy, and the report to the State Department on “Foreign Exchange Control in Latin America” by Professor John Williams.

In addition to the above volumes and reports the members of the Department published somewhat over fifty articles in the scientific journals of our subject. Some of these contributions are of major importance.

The investigations of the staff are being carried forward as satisfactorily as possible with the limited facilities that are at our disposal. Two researches on a very large scale have to do with the general subject of the Trade Cycle and the Relation of Government to Industry. Numerous important, but less extensive, investigations are in process.

Perhaps I should note here that a generous grant from the Rockefeller Foundation enabled the Department to undertake the continuation of the Review of Economic Statistics and the fundamental research that is involved in this publication, The Quarterly Journal of Economics long published by the members of this Department, together with the Review of Economic Statistics, are among the more important activities of the Department. In the course of the year three volumes more added to the Harvard Economic Studies.

As in my last report, I would again bring to your attention the disturbing fact that the potential research capacity of the Department is handicapped severely by the demands of administration, teaching, and public service.

Very sincerely yours,
H. H. Burbank

Dean George D. Birkhoff

Source: Harvard University Archives. Department of Economics, Correspondence and Papers (UAV 349.11). Box 2, Folder “Report to the Dean on the Department 1932-…”

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October 15, 1936

Dear Dean Birkhoff:

I beg to submit the following report for the Department of Economics.

I find it necessary to emphasize again the effects of the contemporary political and economic situation upon our problems of teaching and research. It had been necessary to bring these matters to your attention in both of the preceding years, since they present such important problems to us. We feel an increasingly positive responsibility regarding out undergraduate instruction in this period of rapid and far-reaching change.

We have continued the experiment begun some few years ago of the association of a number of the junior members of the staff with the senior members who are in charge of the large lecture courses. We believe that we are improving our instruction by this method, and at the same time this arrangement tends to relieve the pressure for the multiplication of undergraduate courses.

Perhaps as a result of the general social situation the elections of our undergraduate courses and the number of concentrators in Economics have increased very heavily. The problems of instruction presented by these overwhelming numbers are intensified perhaps by the personnel situation in which the Department finds itself. During the last dozen years the personnel of this Department—one of the largest in the University—has been changed completely. For a quarter of a century a group of eminent economists brought great prestige to the University. With the resignation of Professor Gay the active services of this group has come to an end. One cannot speak of replacing these scholars. They were unique both as individuals and as a group. Their leadership and their scholarship has left a lasting impression on the development of Economics. In the course of the passing of this group a now Department has been brought together. This new and younger Department is assuming full responsibility at the very time when questions of teaching and new methods of research are becoming insistent.

The demands upon members of our staff for public service continue. It has seemed expedient to encourage some few members to give their time and energy for public purposes. But with a minimum teaching force it has not been possible for all members of the Department to comply with the requests made. The public service relations of faculty members remains a question for the University to consider.

The Quarterly Journal of Economics celebrates this year its fiftieth anniversary. For forty years this Journal has won and held its prestige under the editorship of Professor F. W. Taussig. Professor Taussig, now emeritus, has graciously consented to continue as editor during the present year, but very shortly it will be necessary for us to provide for the editorial direction of this very important publication.

In an earlier report to you I indicated the activities of the Department in connection with the Review of Economic Statistics. The scientific work underlying this publication, as well as the journal itself, is now under the direction of a committee of the Department. The Review continues as a vehicle of publication of the results of investigations here and elsewhere regarding the business cycle. We have ambitious plans for the Review, and we have every reason to believe that its scientific usefulness will increase.

There is little question that, the research activities of practically all members of the staff have been curtailed by the heavy teaching loads which have been imposed. However, the research programs of various members and of various groups within the Department have shown marked progress in the past year. As I have indicated in an earlier report the research activities of our members are of two somewhat different types. Numerous members of the staff working altogether independently are pursuing their own researches while others working as a group are developing particular aspects of a well devised project in research. In the social sciences this latter type of work is rapidly assuming importance. In general it is this type of research which receives the support of the large foundations. Within our own group there are a number of projects of this character. Messrs. Mason, Chamberlin, Wallace, Cassels, Reynolds, and Alan Sweezy are developing Industrial Organization and Control. In the process of the exploration of this subject numerous independent volumes and studies will appear. Professors Mason, Chamberlin and Dr. Wallace are already well advanced in their study of monopolistic combinations and expect to complete it in about one year. Professor Cassels and Dr. Reynolds expect to finish their study on Canadian combinations this year, and Dr. Alan Sweezy is at work on investment policies. Dr. Wallace’s monograph, Market Control in the Aluminum Industry, is now going to press, and Dr. Abbott’s monograph on The Rise of the Business Corporation has just appeared and is being, used by our undergraduate courses. The full development of this program will take a number of years, but its completion will mark, I believe, a very significant chapter in research in the relation of government to industry.

Another cooperative project on the Farm Credit Administration is being carried on by Professors Black and Harris and Dr. Galbraith, largely with the assistance of grants from the Committee on Research in the Social Sciences. Professor Black is working on the cooperative aspects of the Farm Credit Administration’s policies. Professor Harris is working on the monetary and recovery aspects of the Farm Credit Administration’s loan operations. Dr. Galbraith is working on the structural aspects of the Farm Credit Administration and the mortgage, credit and production loan policies. Numerous articles resulting from this research have been published in scientific periodicals.

Professors Crum, Wilson, and Black are conducting a study of the relation of weather and other natural phenomena with the economic cycle. This study is partly financed by the United States Department of Agriculture.

I believe I have mentioned to you and to President Conant in conversation the plans which are being developed for large research projects in collaboration with the National Bureau of Economic Research.

In addition to these cooperative projects all members of the Department are pursuing work along the lines of their individual interests. Professor Schumpeter’s study of time series and cyclical fluctuations is practically completed, and he hopes to send it to press by December. Professor Haberler’s major contribution—The Theory of International Trade and Its Application to Commercial Policy has been translated and is now available in English. For the past two years Professor Haberler has been working at Geneva on the Nature and Causes of the Recurrence of Economic Depressions which is soon to be published by the League of Nations. We are hoping to provide facilities for him so that the important research may be continued at Harvard. Professor Frickey’s study on a Survey of Time Series Analysis and Its Relation to Economic Theory is well advanced. The statistical work on the first volume has been completed, and he hopes to have it written by the middle of this present academic year. The statistical work on the second volume has been completed in part. Already two significant articles have been published. Professor Cole’s recent study in Fluctuations in American Business, written in collaboration with Professor W. B. Smith, was published late in 1935. Dr. Oakes’ investigations in Massachusetts Town Finance, the winner of the Wells Prize for 1935-36, is now being printed. Professor Chamberlin has continued to elaborate his Theory of Monopolistic Competition which is winning wide recognition among economist the world over. Numerous articles, some sixty in number, from members of the staff have appeared in various scientific periodicals in the course of the year.

Very sincerely yours,
H. H. Burbank

Dean George D. Birkhoff
20 University Hall
Cambridge, Massachusetts

[Separate sheet following: I should have included Professor Harris’ Exchange Depreciation, Its Theory and History. We believe that this new book, which is being published today, will take Its place beside the significant contributions Professor Harris has made in the last half-dozen years, particularly his Monetary Problems of the British Empire and Twenty Years of Federal Reserve Policy.]

Source: Harvard University Archives. Department of Economics, Correspondence and Papers (UAV 349.11). Box 2, Folder “Report to the Dean on the Department 1932-…”

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October 21, 1937

Dear Dean Birkhoff:

I beg to submit the following report for the Department of Economics.

Previous reports of the Department of Economics have brought to your attention the effect of the political and economic situation upon our problems of teaching and research. It is still necessary to point out that the positive responsibility of the Department regarding undergraduate instruction has not lessened.

The election of our undergraduate courses remains at substantially the high level of recent years, while the number of concentrators continues to increase.

Last year I mentioned that with the resignation of Professor Gay the active services of the senior members of this Department, had come to an end. At this point it seems necessary to put into writing a matter I have discussed with you in conversation which has important ramifications. Coincident with the resignation of Professor Gay there were increased elections in certain of our courses that involve a large degree of individual instruction and also on an increase in the number of students demanding tutorial supervision. To meet these latter problems it was necessary to add to our staff a group of young men to carry on the instruction in the elementary course, Accounting, Statistics, Money and Banking, and so on. With increased numbers in courses demanding increased instruction, increased cost cannot be avoided; but it seems to us that this increasing cost because of increasing should not result in less effective intellectual leadership. To transfer a considerable part of the salary released by a retiring professor of distinguished accomplishment to the support of routine instruction in middle group courses seems to us not to be wise University policy.

Professor Taussig has resigned as editor of the Quarterly Journal of Economies. For the time being, committee of the Department will undertake the editorial direction of this publication.

The Review of Economic Statistics, which appears under the direction of a committee of the Department, is financed by funds from the Rockefeller Foundation. Should the grant be continued, it is expected that the research activities of the committee will be increased.

Not less than ten members of the Department are concerned with the activities of the Graduate School of Public Administration. In some instances—as in the case of Dean Williams—their work in the School has been compensated by a reduction of work in the Department, but for the most part the activities in the new School are simply in addition to the duties of the staff members.

The Committee on Research in the Social Sciences, of which Professor Black is Chairman, is working in close cooperation with the National Bureau of Economic Research and its cooperating University agencies. Principle among them is the project upon Fiscal Policy for which Professor Crum is acting as Chairman.

The responsibilities and activities of members of the Department tend in some instances to change the direction of our research, but in only too many instances they also tend to retard our research.

In all directions, however, the research activities of the members of the Department were sustained, with six books and approximately sixty articles appearing. Special mention should he made of the following books:

Three Years of the AAA by John D. Black

A Study of Fluid Milk Prices by John M. Cassels. Wells Prize Essay of 1934-35

Professor Chamberlin’s significant volume, The Theory of Monopolistic Competition has been revised.

Prosperity and Depression by Gottfried Haberler

Exchange Depreciation by S. E. Harris. (Came from the press last fall, and mentioned a year ago.)

Studies in Massachusetts Town Finance by E. E. Oakes. Wells Prize Essay of 1935-36

Professor Schumpeter’s book on Business Cycles has been completed, and is now ready for the press.

Economic History of Europe since 1750 by Usher, Bowden, and Karpovich

Explorations in Economics. Essays in Honor of F. W. Taussig contains contributions by most of the members of the staff.

Very sincerely yours,
H. H. Burbank

Dean George D. Birkhoff
20 University Hall
Cambridge, Massachusetts

Source: Harvard University Archives. Department of Economics, Correspondence and Papers (UAV 349.11). Box 2, Folder “Report to the Dean on the Department 1932-…”

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October 15, 1938

Dear Dean Birkhoff,

I beg to submit the following report for the Department of Economics.

As in previous years I am very happy, to be able to record that the research activities of the officers of the Department have been sustained. In the last two years I have been, able to enumerate an unusually large number of books actually published together with numerous contributions to our periodical literature. In the present year the number of volumes is smaller since the research activities of our staff are still in process. The most notable volumes are Professor Hansen’s Full Recovery or Stagnation and Professor Wallace’s Market Control in the Aluminum Industry. Professor Haberler devoted the major part of the year, and spent the summer abroad, revising his Prosperity and Depression. Also the volume by Professor Crum and Associates on Economic Statistics has been revised.

In all, some fifty or sixty periodical contributions have been made by members of the staff. Notable among these contributions have been the articles by Professor Slichter on “The Downturn of 1937” in the Review of Economic Statistics for August, 1938.

It fell to the lot of the officers of this Department, together with the officers of the Department of Government, to develop instruction in the Littauer School of Public Administration during the past year. Without going into the details of the principles upon which this instruction is based, it may be noted that research courses of a very advanced nature constitute the core of the work of the School. Professors Williams, Hansen, Black, Mason, Slichter, and Wallace are devoting a considerable proportion of their time to this work. It is expected and hoped that these activities will result in an increase in our contributions.

The grant of funds from the Rockefeller Foundation to subsidize the research underlying the Review of Economic Statistics expired with the closing of the fiscal year. This contribution made it possible to continue the Review, and to maintain the scholarly level of the contributions. In the course of the year the Review published a number of the contributions of the staff. Other contributions are nearing completion, and will be published in the present year. The accomplishments or Professors Crum and Haberler as Managing Editors of the Review should be noted. They have succeeded in restoring the very high level of scholarship which characterized the Review a decade ago. We believe that the Review in its present form adds materially to the prestige of the Department and the University.

Also I am happy to note that the Quarterly Journal of Economics under its new editorial staff is maintaining its high position.

There is little to be added to the points which have been discussed in previous reports. The Department finds itself fully occupied with the continuation of its traditional activities and the assumption of such new duties as are involved in the Graduate School of Public Administration. If the personnel of the Department remains constant, it will be necessary to reduce our activities, either in research, in teaching, or in both.

Last fall at a dinner of the Committee to Visit the Department of Economics I reported in some detail regarding the increasing activities of members of the Department. This report led to the appointment of a committee to investigate the budgetary situation of the Department. The investigation conducted under the direction of Mr. George May of Price, Waterhouse, made some very interesting disclosures regarding the increasing load of the Department.

I believe that problems of undergraduate and graduate instruction, the tutorial situation, and the public service contributions of our members have been discussed sufficiently in previous reports. I can only repeat that “there is little question that the research activities of practically all members of the staff have been curtailed by the heavy loads of teaching and administration.

Very sincerely yours,
H. H. Burbank

Dean George D. Birkhoff
20 University Hall
Cambridge, Massachusetts

Source: Harvard University Archives. Department of Economics, Correspondence and Papers (UAV 349.11). Box 2, Folder “Report to the Dean on the Department 1932-…”

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October 16, 1939

Dear Dean Ferguson:

In accord with your recent request, I submit herewith a report of the work by the Department of Economies for the past year.

Honors have been bestowed upon members of the Department as follows: Professor Schumpeter has received an honorary Ph.D. from the University of Sofia, Bulgaria, and Professor Leontief has been elected a Fellow of the Econometric Society. Professor Williams was elected a Vice-President of the American Economic Association.

In the field of publications, the outstanding event is the final appearance of Professor Schumpeter’s two volume work on Business Cycles: A Theoretical, Historical and Statistical Analysis of the Capitalistic Process. The fruition of years of study and research, this book is of especial interest as the first major work of Professor Schumpeter in the English language, his well-known Theory of Economic Development having appeared first in German before its translation into English much later. Other books actually appearing within the academic year (the fall of 1938) were referred to in our last report, such as Professor Hansen’s Full Recovery or Stagnation?, a revision of the volume on Economic Statistics by Professor Crum and associates, and a new, enlarged and revised edition of Prosperity and Depression by Professor Haberler (published by the League of Nations). During the year arrangements have been completed for the translation into Japanese of A History of Mechanical Inventions by Professor Usher. For some years Professor Emeritus F. W. Taussig has been at work on a thorough-going revision of his textbook on the Principles of Economics. Volume I appeared last spring, Volume 2 is in the press and will appear very shortly. This much needed revision (the last was in 1921) may regain for Professor Taussig’s text some of the preeminence it held in an earlier period before it had become so badly out of date. Politics, Finance and Consequences by Professor Emeritus C. J. Bullock, the result of continuing research since his retirement, has been published during the past year in the Harvard Economic Studies. A book of which Mr. Paul M. Sweezy was a prominent co-author, An Economic Program for American Democracy, is popularly supposed to have been influential in putting the stamp of economic authority upon recent economic policies of the Federal Government. Finally, some sixty-odd articles, addresses, and reviews by members of the Department have appeared in journals, both professional and popular, during the past year.

A matter not mentioned in our last report was a new policy adopted by the Quarterly Journal of Economics of publishing at intervals of approximately one year a series of supplements devoted to articles and studies of interest to scholars but of such length as to make their publication in the regular issues impractical. These supplements are sent to subscribers without charge, and additional copies are sold separately. The first of these appeared in May 1938, Rudimentary Mathematics for Economists and Statisticians by Professor Crum. Two other manuscripts have been accepted and will appear shortly.

The Committee on Problems of the Business Cycle has carried on the publication of the quarterly Review of Economic Statistics but because of the expiration of its grant of research money many of its new research investigation have been greatly curtailed. Quarterly issues of the Review of Economic Statistics, in addition to carrying the studies of current economic history which present a quarterly record of economic statistics for the United States with their interpretation, have published a wide range of articles on various aspects of the trade cycle problem. Several of these articles have been contributed by foreign specialists but more than half were produced by American writers (in this connection we may note that about one-fourth of the subscribers are located abroad). In addition to the normal research activities involved in studying current history the Committee has financed during the year a continuation of the special investigation by Dr. J. B. Hubbard of the remarkable developments in the issuance of securities since 1933. A further article in Dr. Hubbard’s series will appear in the issue of November 1939.

Mention has been made in previous reports of the burden placed upon particular members of the Department and thus upon the group as a whole by the responsibilities of public service. These responsibilities have continued and expanded during the past year. The adjustment of this burden is a pressing problem. Its immediate influence upon both teaching and research is adverse, yet no ready solution appears at hand. The additional burden of uncompensated teaching in the Graduate School of Public Administration presents an even more serious problem. For the most part the seminars and other activities of this School constitute a net additional load for those members of the Department responsible for them, and inevitably throw a heavier burden of administrative and other work upon others not directly concerned. Budgetary allowance for courses given within the School is an obvious answer to this problem, whenever it may become possible.

You have asked, among other things. for an account of “any changes in the methods of instruction”, of the Department. The changes here have been revolutionary. Over a long period of years there has been built up in the Department a staff of trained instructors and tutors, carrying on established traditions of teaching and constantly experimenting in the adaptation of methods to new problems. These men were sifted constantly, and the best of them retained for a substantial period, after which, if not advanced, they were without exception placed to advantage elsewhere. In view of the singular success with which in the past the personnel problem has been handled in Economics, it is not surprising that the Department is unanimous in viewing with dismay and discouragement the situation in which we now find ourselves. Fifteen teachers and tutors at the instructor or assistant professor level have left us within the past year, seven the preceding year. The general effect upon teaching may be indicated by the tutorial situation. Sixty-seven per cent of the students concentrating in Economics this year are tutored by men of two years or less experience, forty-three per cent by men of no tutorial experience whatsoever, Furthermore, it has been our policy in the past to stagger new men as between tutoring and Economics A, having them start in with either one alone and take up the other the following year. This fall we have been obliged to take on five men who are both teaching Economics A and tutoring for the first time. It has been our policy also to provide more experienced instruction in middle group courses through a period of apprenticeship in Economics A. This fall we have been obliged to put men of no classroom experience whatever directly into middle group courses. We are already experiencing in acute form the devastating effects upon instruction of a rapid turnover, brought on by the mass exodus of last year.

It takes time (and patience on the part of someone) to train men in the discussion method of teaching Economics which has been developed with such success in Economics A at Harvard University. Much is learned by slow experience, by making mistakes and by discussing techniques with fellow instructors, especially with those who have been through the mill. It is impossible to assimilate new men unless the collective experience of the group is maintained at a fairly high level. Furthermore, it seems unlikely that anyone in the Department will be interested in training them unless a substantial portion stay long enough to make it worth while.

Very sincerely yours,
H. H. Chamberlin

Dean W. S. Ferguson
20 University Hall
Cambridge, Massachusetts

Source: Harvard University Archives. Department of Economics, Correspondence and Papers (UAV 349.11). Box 2, Folder “Report to the Dean on the Department 1932-…”

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October 15, 1940

Dear Dean Ferguson:

I submit herewith a report of the work by the Department of Economics for the past year. There is very little to report—no events or changes of outstanding importance, and only a few isolated items which might be of interest.

Professor Black has been elected to honorary membership in the Swedish Royal Society of Agriculture. Professor Slichter has been honored by appointment as Lamont University Professor.

In the field of publications there is the usual long list of articles in the professional periodicals, but no major work of importance by any member of the Department. Professor Usher’s History of Mechanical Inventions was during the year translated into Japanese. Also in the field of publications it is of interest that there has been begun under the supervision of a committee in the Department and financed in part by a grant from the A. W. Shaw Fund a new series entitled The Harvard Studies in Monopoly and Competition. The first two volumes of this series appeared within the year, — the first, Corporate Size and Earning Power, by Professor W. L. Crum, and the second, Control of Competition in Canada, by Lloyd Reynolds.

The Committee on Problems of the Business Cycle has continued publication of the quarterly Review of Economic Statistics. In place of the general reviews of current economic developments in the United States, which in earlier years had been regular features of each quarterly issue, the Review introduced this past year the policy of presenting each quarter an article pertaining to some specific problem of current interest. The November 1939 issue contained a study of the impact of the war on America commodity prices; the February 1940 number included a study of the current gold problem and the American economy; a review of recent developments in agriculture and the influences of the war on American agriculture appeared in May; while the August 1940 issue presented a comparison and evaluation of various estimates of unemployment in the United States. These studies have been made by members of the Department, with the Committee staff contributing assistance, whenever it was desired, in the preparation of the articles for publication. As in previous years, the Review has also presented articles covering a wide range of studies on various trade cycle problems; and the Review staff has continued the compilation of selected current economic series which have been used in research studies by Department members and graduate student within the Department.

There have been no important changes in policy in the year by the Quarterly Journal of Economics. The policy begun the previous year of publishing occasional supplements sent to subscribers without charge has been continued. Two supplements appeared during the year, Exchange Control in Austria and Hungary and Exchange Control in Germany, both by Professor Howard S. Ellis. Through an arrangement with the Harvard Economic Studies they will shortly appear in that series as a single volume.

During the year Professor Emeritus Frank W. Taussig attained his eightieth birthday. A tribute and greeting was presented to him on this occasion signed by some two hundred of his former students.

I call attention again to the continuing problem of the added burden to members of the Department for uncompensated teaching in the Graduate School of Public Administration. The situation here remains substantially as described in my last report. It remains one of the most serious problems which the Department has to meet in maintaining the standards of its instruction.

The quality of instruction given by the Department continues to suffer from the heavy losses in the junior personnel during the past few years. Sixty-four per cent of the students concentrating in Economics this year are tutored by men of two years or less experience, fifty-five per cent by men of one year or less. The difficulties of maintaining satisfactory instruction with such a rapid turnover remain almost insuperable, and concentration in Economics which has fallen off steadily over the past four years slumped most disastrously for the year 1940-41. Although most of the liquidation of our more experienced instructors and tutors had taken place before the year on which I am reporting, we have during that year again lost a number of our best men because of the limited inducement which could be offered for them to remain with us even for a short period.

Sincerely yours,
H. H. Chamberlin

Dean W. S. Ferguson
5 University Hall
Cambridge, Massachusetts

Source: Harvard University Archives. Department of Economics, Correspondence and Papers (UAV 349.11). Box 2, Folder “Report to the Dean on the Department 1932-…”

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October 15, 1941

Dear Dean Ferguson:

I submit herewith a report on the work of the Department of Economics covering the past year.

Professor Slichter has been elected President of the American Economic Association. This is the third time in the past five years that this honor has gone to an economist from Harvard, Professor Sprague having been elected in 1937-38 and Professor Hansen in 1938-39.

In the field of publications there have appeared, in addition to the usual long list of articles, several books of possible importance. I should mention especially Professor Slichter’s Union Policies and Industrial Management, Professor Leontief’s The Structure of American Economy: An Empirical Application of Equilibrium Analysis, and Dr. Triffin’s Monopolistic Competition and General Equilibrium Theory. The latter appeared in the Harvard Economic Studies of which there have now been published 70 volumes, four within the past year. The new series of Harvard Studies in Monopoly and Competition has been augmented by two new volumes during the past year, bringing the total to four. Professor Usher’s History of Mechanical Inventions has again been translated, this time into Spanish. During the past year an arrangement was made with the Rockefeller Foundation (for the current year only) which if continued may prove to be of real importance to the members of our Department. Professor Crum has been relieved of one-half of his teaching duties for research through the payment by the Foundation of the salary of someone to replace him in his teaching assignment. In addition to providing possibilities for research to members of the Department, such an arrangement would have the added advantage of making it possible to invite to Harvard for short period either possible candidates for permanent appointments or others whose presence here for one year would prove stimulating to our students.

Again I call attention to the problem of the added burden to members of the Department for uncompensated teaching in the Graduate School of Public Administration. This has been from the beginning a serious matter in maintaining standards of instruction. It is especially a factor in concentrating the activities of the older members of the Department in the graduate field, leaving undergraduate instruction to be taken care of in undue degree by younger men whose experience on the average seems to decline further each year.

The quality of instruction by the junior staff continues to be a grave concern to our Department. Last year I mentioned that 64 per cent of the students concentrating in Economics were tutored by men of two years or less experience. This year the percentage has increased to 72, and the problem of finding enough experienced and competent tutors in the right fields for distinction seniors has become impossible to solve. The general situation is reflected also in Economics A where the percentage of new instructors has jumped alarmingly for the current year. For the five years 1936-41 the sections taught by new men averaged 24 per cent of the total. For the current year 39 per cent of the sections are taught by new men. For the same five years the sections taught by men of one year or less experience averaged 45 per cent of the total. For the current year this figure has advanced to 61 per cent. The large volume of complaints on the part of students as to the inexperience of their tutors and Economics A section instructors leaves no doubt in the minds of the Department that the continuing decline in concentration in Economies is mainly a reflection of this situation. In view of the competing opportunities for our younger men which have repeatedly been pointed out the problem for our Department continues to be not to maintain a high rate of turnover as the present rules of tenure seem designed to do, but to be able through more flexible arrangements both with respect to tenure and to salaries to maintain a staff sufficiently experienced to give satisfactory instruction to our undergraduates. Such instruction is clearly not being given at the present time.

Sincerely yours,
H. H. Chamberlin

Dean W. S. Ferguson
5 University Hall
Cambridge, Massachusetts

Source: Harvard University Archives. Department of Economics, Correspondence and Papers (UAV 349.11). Box 2, Folder “Report to the Dean on the Department 1932-…”

Image Source: Harold Hitchings Burbank from the Harvard Class Album 1934.

Tags Abbott, BlackJD, Burbank, Cassels, Chamberlin, ColeAH, Crum, Currie, Ellis, Frickey, Galbraith, Gay, Haberler, Ham, Hansen, Harris, Hubbard, Leontief, Mason, Oakes, Reynolds, Ripley, Schumpeter, Slichter, SmithWB, Sprague, SweezyA, Taussig, Triffin, Usher, Wallace, Williams, Wilson

Economic History Funny Business Minnesota

Minnesota. What are economic historians made of? Heaton, 1949

Post author By Irwin Collier
Post date 2020-12-07

My serious blog work has regrettably kept me lately from adding more to the series of “Funny Business” posts in Economics in the Rear-view Mirror. So as a late St. Nicholas present for 2020, I give you today’s post “What are economic historians made of?” composed by the University of Minnesota economic historian, Herbert Heaton.

Chapters from Heaton’s textbook Economic History of Europe (Revised, 1948) were assigned in the first economic history course I ever took; Harry Miskimin at Yale (Fall Semester, 1971) taught that class.

Heaton began his Presidential address before the Economic History Association with the following “foul doggerel” based on the children’s rhyme about “Snips and snails / And puppy dogs’ tails” (boys) and “Sugar and spice / And everything nice” (girls) and published in The Journal of Economic History, vol. 9, Supplement: The Tasks of Economic History (1949), pp. 1-18.

Heaton was the chair of the University of Minnesota’s history department from 1954 until 1958 when he retired. His short obituary in the New York Times (Jan. 26, 1973) also noted that Heaton was a visiting professor at Princeton in 1939-1940.

Of further interest

Heaton, Herbert. Edwin Gay, A Scholar in Action (1952).

Herbert Heaton papers at the University of Minnesota.

Biographical leads

Bourke, Helen. Heaton, Herbert (1890-1973). Australian Dictionary of Biography.

King, Jack. Herbert Heaton: A Scholar ‘Exiled’. History of Economics Review, Winter 2006

_____________________

What are economic historians made of?

Open fields and lord’s domains,
Venice loses, Antwerp gains.
Gold and silver that were Spain’s,
Factories, slums, and smelly drains.
Oople¹ profits, workers’ chains,
Secular trends, depression pains.
Westward movements cross the plains,
Marx, Max Weber, Sombart, Keynes,
That’s what economic historians are made of.

¹That is the English pronunciation of “entrepreneurial.”

_____________________

Biographical Snapshot from 1931
John Simon Guggenheim Memorial Foundation

HERBERT HEATON

Fellow: Awarded 1931
Field of Study: Economic History
Competition: US & Canada
Born: 06-06-1890
Died: 01-24-1973

As published in the Foundation’s Report for 1931–32:

HEATON, HERBERT: Appointed to complete collection of material in Yorkshire and London for a volume on the Industrial Revolution in the Yorkshire woolen and worsted industries; tenure, twelve months from August 1, 1931.

Born June 6, 1890, in England. Education: University of Leeds, B.A., 1911, M.A., 1912, D.Litt., 1921; University of Birmingham, M. Com., 1914.

Assistant Lecturer in Economics, 1912–14, University of Birmingham; Lecturer in History and Economics, 1914-16, University of Tasmania; Lecturer in Economics, 1917-25, University of Adelaide; Head of Department of Economic and Political Science, 1925-27, Queen’s University, Canada; Professor of Economic History, 1927—, University of Minnesota.

Publications: History of the Yorkshire Woolen and Worsted Industries from the Earliest Times to the Industrial Revolution, 1920; Modern Economic History, with Special Reference to Australia, 1921. Articles in Thoresby Society Transactions, Economic Journal, Journal of Economic and Business History, Economic History Review, Quarterly Journal of Economics, Australian Economic Record, American Economic Review, Dalhousie Review, Proceedings of the Royal Society of Tasmania, Journal of Canadian Bankers Association, Queen’s Quarterly, Minnesota History, Virginia Quarterly Review. Contributor to Encyclopaedia of the Social Sciences.

Source (also source of the image): John Simon Guggenheim Memorial Foundation. Fellows page for Herbert Heaton.

Tags Gay, Heaton, Miskimin

Chicago Economic History Economists Harvard Nebraska Northwestern

Chicago. Economics Ph.D. alumnus. Ernest H. Hahne, 1930

Post author By Irwin Collier
Post date 2020-12-06

I have mentioned this before, the papers of the economic historian Earl Hamilton are a grab-bag of essentially unsorted material. Sometimes you find a rough gem to include in Economics in the Rear-view Mirror. For this post below we have a brief description of Harvard economic history professor Edwin Francis Gay’s seminar. To complete the post I have uncovered a few career facts about the author of the letter to Earl Hamilton that congratulates him for his memorial article about Gay.

______________________

Ernest Herman Hahne
(b. Oct. 20, 1890; d. November 25, 1952)

1911. University of Nebraska, B.A.

1913. University of Nebraska, LL.B.

1914. Harvard University, A.M.

1916. Doctoral Dissertation in preparation. AER 1916, p. 503: The History of the meat packing industry in the United States.

1930. University of Chicago, Economics Ph.D. “Special Assessment Theory and Practise with Special Reference to Chicago.”

Listed among graduate students of political economy in the 25^th year report of the University of Chicago department of political economy:

Academic career:

Taught sociology at the University of Chicago.

Taught economics and sociology at Dakota Wesleyan University (Mitchell, South Dakota)

Professor of economics, Northwestern (1919-1946)

Assistant dean of liberal arts college and director of the summer session at Northwestern.

President of Miami University (Oxford, Ohio) April 1, 1946- November 25, 1952)

Chairman of the board of the Cincinnati branch of the Cleveland Federal Reserve

______________________

Miami University
Oxford, Ohio

Office of the President

December 22, 1947

Professor Earl J. Hamilton
Department of Economics
University of Chicago
Chicago 37, Illinois

Dear Earl:

Thanks for the complimentary copy of the memorial you have written on Edwin Francis Gay in the June issue of the American Economic Review. As I read it, it brought back many a fond memory. I don’t know whether I ever told you that I started writing my doctor’s thesis, the history of the parking industry, and Gay recommended that I go to University of Chicago and carry on additional work and get first-hand information there. Therefore I went to Chicago in 1915, eventually to wind up as an assistant in sociology under E. W. Small and Scott E. W. Bedford. I not only took Gay’s courses in economic history but followed them with his course on French and German economists. Most of us were taking the work not only to brush up on continental theory but also to master the languages preparatory to the general exams. We met in Gay’s home. The course was supposed to last about two hours. I doubt if it ever broke up in less than three and a half to four hours. It was a small group that sat at the feet of Gamaliel but it included Rice of Dartmouth, Stehman of Minnesota, Van Sickle of Wabash, and two graduate students who went into business.

I remember writing a term paper for Gay in French history on the origin of the British labor exchanges. I never worked so hard on a paper in my life, but when it came back with the word “Excellent” sighed E.F.G. I felt well repaid. In fact I still have that paper in my library. I prize it highly. All this is simply to say that your admiration of one of Harvard’s greatest teachers does not exceed mine.

Your memorial is splendidly done.

With the Season’s greetings and best wishes from the Hahnes to the Hamiltons,

Cordially yours,
[signed]
Ernest

Source: Duke University. David M. Rubenstein Rare Book and Manuscript Library. Economists’ Papers Archives. Earl J. Hamilton Papers, Box 2, Folder “Correspondence — misc. 1919, Aug. 26; 1920s-1970s and n.d.”

Image Source: Yearbook of Miami University, Recensio 1946, p. 13.

Tags Gay, Hahne, Hamilton

Economists Gender Harvard NBER Radcliffe Smith Vassar

Radcliffe.Economics Ph.D. Alumna, Dorothy Carolin Bacon, 1928

Post author By Irwin Collier
Post date 2020-11-29

This post began after I noticed that it has been some time since I posted biographical and career information for a economics Ph.D. alumna. I figured it would be good to search for a candidate that Economics in the Rear-view Mirror has already caught in an earlier archival trawling expedition but for whom the details of post-doc life had not been added. Dorothy Carolin Bacon was awarded her Radcliffe economics Ph.D. in 1928 and the following item was what I had to start with.

Dorothy Carolin Bacon.

General Examination in Economics, Thursday, May 26, 1927.
Committee: Professors Persons (chairman), Carver, Crum, Gay and Holcombe.
Academic History: Simmons College, 1918-19; Radcliffe College, 1919-22, 1923-24, 1926-. A.B., Radcliffe, 1922; A.M., ibid., 1924. Assistant in Economics, Vassar College, 1924-25. Instructor in Economics, ibid., 1925-26.
General Subjects: 1. Economic Theory. 2. Sociology. 3. History of Political Theory. 4. Statistics. 5. Economic History. 6., Money, Banking and Crises.
Special Subject: Money, Banking and Crises.
Thesis Subject: A Study of the Dispersion of Wholesale Commodity Prices, 1890-1896. (With Professor Persons.)

Source: Harvard University Archives. Harvard University, Examinations for the Ph.D. (HUC 7000.70), Folder “Examinations for the Ph.D., 1926-1927”.

________________________

One of the items that came up after searching for a Google search was an advertisement for her handwritten Radcliffe student journal notes from her Physics course in 1922. Besides being surprised to see a list price of $750.00 for this notebook, I was intrigued by the relatively detailed information provided about Dorothy Bacon. While everything about the text struck me as fully plausible, I thought it worth some due diligence to confirm what I could from the bookseller’s bio-blurb. I have added links wherever possible to sources that confirm the details below. It would appear that information from the above item in Economics in the Rear-view Mirror as well as from the Dzuback chapters in Madden and Dimand (eds.) and Margaret A. Nash (ed.) have provided some (or even much) of what was included in the D. Anthem advertisement that follows.

The section on Smith College in Mary Ann Dzuback’s chapter “Women economists in the academy: struggles and strategies, 1900-1940” in the Routledge Handbook of the History of Women’s Economic Thought, Kirsten Madden and Robert W. Dimand (eds.) provides information on Dorothy Bacon from the faculty files of the Smith College Archives [Office of President William Allan Neilson Files, Box 364, Folder 34]:

Bacon came to Smith a year before finishing her Ph.D. at Radcliffe in 1928. She took research and service sabbatical leaves to work for the Works Progress Administration and the Federal Deposit Insurance Corporation in the 1930s. She focused her research on money flows during the 1930s, cost price problems, and the development of federal level credit institutions. By the 1940s, she was working with the federal Office of Price Administration. By the 1950s, she was consulting with the Brookings Institution, had been a research associate of the National Bureau of Economic Research, and received grants from the SSRC. She published a monograph on the recent economic history of five towns around Northampton, Massachusetts, in the late 1930s, and was completing a book on the development of Philippine credit institutions by 1970.

________________________

Another paragraph by Mary Ann Dzuback

From: Mary Ann Dzuback. Chapter 7. Research at Women’s Colleges, 1890-1940. Women’s Higher Education in the United States (Historical Studies in Education), edited by Margaret A. Nash. Palgrave Macmillan, 2018.

Dorothy Bacon (1927–54) arrived in 1928, eventually taking an endowed chair. She investigated the flows of currency during the Depression, cost price problems, and the growth of credit institutions, and was in great demand by private research agencies and the federal government. A sometime consultant with the National Bureau of Economic Research, in the 1920s and 1930s she worked with a range of government and research agencies. She was awarded grants by the Social Science Research Council and published regularly. Bacon’s record of research and service, and her sabbaticals, suggest that women social science scholars at Smith were encouraged to use their research to inform policy at the federal and international levels.

________________________

From: Advertisement for “Economist Dorothy Bacon’s 1922 Physics 2 Journal from Radcliffe College (1922)

Dorothy Carolin Bacon was born in 1902 to George Preston Bacon, a professor of Physics and Dean of both the Tufts Engineering School and the Bromfield-Pearson School, and Hannah Churchill Bacon, a trained nurse. Her sister, Ruth Bacon, also attended Radcliffe College and later became the first female officer of a State Department geographical bureau (Bureau of Eastern Affairs). Bacon attended Simmons College from 1918-19 before transferring to Radcliffe, the former women’s liberal arts college that fully merged with Harvard in 1999. She earned her B.A. (1922), M.A. (1924) and Ph.D (1927) [sic, 1928] there with her dissertation concerning A Study of the Dispersion of Wholesale Commodity Prices, 1890-1896. While at Radcliffe she also worked for the Federal Reserve Board’s Division of Research and Analysis [as a Statistical Clerk starting 1 July 1922] earning an annual salary of $1600 before resigning [May 10] in 1923.

She was hired as an assistant professor [sic, “Assistant” is a lower rank than “Assistant Professor”] in economics at Vassar in 1924 [cf. AER, Vol. 14, No. 4 (Dec. 1924), p. 829 “Miss Dorothy C. Bacon is assistant in economics at Vassar College.”], but was recruited by Esther Lowenthal, Dean of the Faculty and chair of the economics department at Smith, to join Smith’s faculty in 1927. At Smith she focused her research on money flows during the 1930s, cost price problems, and the development of credit institutions at the federal level. In 1930, she was one of three research associates selected for the National Bureau of Economic Research where she studied the relation of current stock prices to earnings per share from the twenty corporations comprising the Index of Industrial Stock Prices of the Harvard Economic Service. Her monograph, Recent Economic History of the Five Towns (1937) was published by the Works Progress Administration. In 1942, Bacon left her post at Smith [sic, only temporary leave] to work under Leon Henderson at the Office of Price Administration. It was there that she wrote a study of the scrap metal market in Syracuse, NY. By the 1950s, she was consulting with the Brookings Institution and was publishing her research in the Review of Economic Statistics, the Journal of the American Statistical Association and the National Encyclopedia. She appears to have never married [she wasn’t] and when she died in 1998 she was buried at Shawsheen Cemetery in Bedford, MA, alongside her parents and sister.

Source: D. Anthem, Bookseller advertisement for “Economist Dorothy Bacon’s 1922 Physics 2 Journal from Radcliffe College (1922) [posted price: $750.00!]

________________________

A.E.A. Biographical Listing, 1969

BACON, Dorothy Carolin, academic; b. Beloit, Wis., 1902; student Simmons Coll., 1918-19; A.B., Radcliffe Coll., 1922, A.M., 1924, Ph.D., 1928. FIELDS 2c, 5e, 4a. Research asso., Nat. Bur. Econ. Research, 1930-31; formerly sr. research asso., Fed. Deposit Ins. Corp.; fed. Dir. Research project, Work Progress Adm., 1935-36; asst. div. economist, food price div., OPA [Office of Price Administration], 1943-47, OPS [Office of Price Stabilization], 1951; Fulbright prof., U. Philippines, 1956-57; mem. Faculty, Smith Coll. Since 1927, prof. since 1938, Robert A. Woods prof. since 1956. ADDRESS Smith Coll., 115 Elm St., Northampton, MA 01060.

Note. Fields: 2c (Economic Development Studies); 5e (General International Economics); 4a (Monetary and Financial Theory and Institutions).

Source: The American Economic Review, Vol. 59, No. 6, 1969. Handbook of the American Economic Association (January 1970), p. 17.

________________________

Bachelor of Arts, Radcliffe (1922)

With Distinction in Special Subjects
Cum Laude

Dorothy Carolin Bacon [of] Medford. In Mathematics.

Source: Report of the Dean in Annual Report of Radcliffe College for 1920-1923, p. 43.

________________________

Master of Arts, Radcliffe (1924)

Dorothy Carolin Bacon, A.B.

Source: Report of the Dean in Annual Report of Radcliffe College for 1923-1924, p. 31.

________________________

Doctor of Philosophy, Radcliffe (1928)

Dorothy Carolin Bacon A.M.

Subject, Economics. Special Field, Money and Banking. Dissertation, “Maladjustment of Prices with Special Reference to the Wholesale Prices of Commodities in the United States; 1890-1896”

Source: Report of the Dean in Annual Reports of Radcliffe College for 1927-1928, p. 23.

________________________

Publications of Dorothy C. Bacon

A Monthly Index of Commodity Prices, 1890-1900. Review of Economics and Statistics, Vol. 8, No. 4 (October 1926), pp. 177-83.

The Significance of Fixed-base and Link Relatives in Studies of Price Stability: A Comment on the Behavior of Prices. Journal of the American Statistical Association, Vol. 23 (September 1928), pp. 274-81.

Maladjustment of Prices with Special Reference to the Wholesale Prices of Commodities in the United States, 1890-1896. Ph.D. thesis, Radcliffe College.

Encyclopedia articles in the National Encyclopedia.

Recent Economic History of Five Towns. Northampton, Mass.: Smith College, 1937.

________________________

Vital Dates and Miscellaneous Information

Born: 25 February 1902 in Beloit, Wisconsin.

Last Residence: Niceville, Okaloosa, Florida [Socal Security death index].

Died: 8 November in Meriden, New Haven County, Connecticut. [Apparently visiting: the Connecticut Death Index notes her address 2475 Virginia, Residence Andover, District of Columbia].

________________________

Image Source: Senior year picture of Dorothy Carolin Bacon in the Radcliffe Year Book 1922, p. 23.

Tags BaconDC, Carver, Crum, Gay, Holcombe, Persons

Economic History Exam Questions Harvard

Harvard. Final exams for European and U.S. Economic History. Gay and Klein, 1911

Post author By Irwin Collier
Post date 2020-01-21

This post adds final examinations for the 1910-11 academic year to previous posts dedicated to two economic history courses taught by Edwin F. Gay during the second decades of the twentieth century at Harvard.

_____________________

Instructors: Edwin F. Gay, Julius Klein

Biographical information

_____________________

Reading list: First term, 1910-11.
Economics 6a.

European Industry and Commerce in the Nineteenth Century.

Final exam. First term, 1910-11.
Economics 6a.

[European Industry and Commerce in the Nineteenth Century]

(a) “The essence of the industrial revolution is the substitution of competition for the mediaeval regulations which had previously controlled the production and distribution of wealth….Competition came to be believed in as a gospel.” (Toynbee.)
Give illustrations of the substitution of competition, and state why, in your opinion, the good rather than the evil of competition was emphasized at this period.
(b) Toynbee said: “The effects of the industrial revolution prove that free competition may produce wealth without producing well-being.” A Boston reformer, speaking of the advent of machinery, says, “The profits from the machine were absorbed by capital,” so that the people did not have their share. Does the economic history of the nineteenth century support these views?
(a) Trace concisely the influence of agricultural interests upon the tariff history of England, France and Germany in the nineteenth century.
(b) Has England been more affected by the agricultural depression of the last thirty years than other European countries? Why has it not been more influenced by the “protectionist reaction?”
How has the French railroad policy differed from that of Prussia? Which has been the more beneficial? Give reasons.
Do the actual conditions warrant the assertions concerning “the ominous situation of British trade?” Give reasons.
State succinctly the chief facts concerning:—
(a) Assignats.
(b) British shipping subsidies.
(c) Crisis of 1857.

Source: Harvard University Archives, Examination papers, Mid-years (HUC 7000.55). Box 8, Examination Papers, Mid-years, 1910-11.

cf. Final exam. First term, 1914-15.
Economics 2a.

European Industry and Commerce in the Nineteenth Century.

_____________________

Reading list: Second term, 1910-11.
Economics 6b.

Economic and Financial History of the United States.

Final exam: Second term, 1910-11.
Economics 6b.

[Economic and Financial History of the United States]

Outline fully the topics you would discuss if you were to write a thesis on the history of the iron and steel industry in the United States.
Comment on the following:—
1. “We import annually millions of dollars’ worth of tropical products that could be grown in the United States.” (Report of Secretary of Agriculture for 1901.)
2. “The sum paid by American producers and manufacturers to these foreign bottoms during the past year was $500,000,000, a sum sufficient to dig the Panama Canal and operate it for twenty years. Remember that all this good American money has gone into the pockets of foreigners.” (Admiral Evans in a recent magazine article.)
(a) Outline our tariff history since 1890.
(b) Comment on Senator Aldrich’s statement: “I do not believe there are any duties levied in this bill [the tariff act of 1909] that are excessive or are prohibitory.”
(c) The American experience with reciprocity. Are you in favor of the reciprocity treaty with Canada? State your reasons.
Rhodes in his history of the United States says: “This tendency [the accumulation of large fortunes and the development of abject poverty] had begun before the War and has been the result rather of the constantly deteriorating character of the European immigration than of industrial changes on our own soil.”
Do you agree with this view? Give your reasons.
Comment on the following: “The year 1896 was in fact one of those periods rare in the history of any country of which it could be said that a given chapter had definitely closed and that another was about to open.”
Compare briefly the conditions before and after the Civil War in respect to
1. The defects of our banking system;
2. The public land policy;
3. Governmental assistance to and control of transportation enterprise.

Source: Papers set for Final Examinations in History, Government, Economics, …, Landscape Architecture, Music in Harvard College. June 1911, p. 44. In Harvard University Archives, Examination papers, 1873-1915 (HUC 7000.25). Box 9. Examination Papers, 1910-11.

cf. Final Exam. Second term, 1914-15.

Economics 2b
Economic and Financial History of the United States.

Image Source: Edwin Francis Gay and Julius Klein, respectively, from The World’s Work, Vol. XXVII, No. 5 (March 1914) and Harvard Album 1920.

Tags Gay, KleinJulius

Economic History Exam Questions Harvard Suggested Reading Syllabus

Harvard. European Economic History from the Industrial Revolution. Gay, 1934

Post author By Irwin Collier
Post date 2019-11-13

A brief biography of Harvard economic historian and first Dean of the Harvard Business School, Edwin Francis Gay (1867-1946) is found in the earlier post for his course “Recent Economic History” that was also taught at Harvard in the 1934-35 academic year. Below we have the course announcement, enrollment figures, reading list, and final exam for the course on European Economic History from the Industrial Revolution.

______________________________

Course Announcement

Economics 2a ¹hf. European Economic History from the Industrial Revolution

Half-course (first half-year). Tu., Th., and (at the pleasure of the instructor) Sat., at 9. Professor Gay.

Source: Announcement of the Courses of Instruction Offered by the Faculty of Arts and Sciences During 1934-35, second edition. Published in Official Register of Harvard University, Vol. XXXI, No. 38 (September 20, 1934), p. 125.

______________________________

Course Enrollment

[Economics] 2a ¹hf. Professor Gay.—European Economic History since the Industrial Revolution.

Total 50: 3 Graduates, 21 Seniors, 17 Juniors, 8 Sophomores, 1 Other.

Source: Harvard University. Report of the President of Harvard College, 1934-35, p. 81.

______________________________

Assigned and Suggested Readings

ECONOMICS 2a
[pencil insert: 1934-5]

European Economic History from the Industrial Revolution

Hour Test on November 13 [Pencil insert: Extended to Nov. 15] will cover Groups I and II.

I. SOCIAL THOUGHT AND PROGRESS

A. V. Dicey—Law and Public Opinion in England (1908). Lectures 4-7 (Pages 62-258)

J. M. Keynes—The End of Laissez Faire. (1926)

G. Wallas—Life of Francis Place (1918). Chapters 1, 2, 3, 6, 7, 8 (pages 1-92, 157-240)

II. TRANSPORTATION

E. A. Pratt—A History of Inland Transport and Communication in England (1912). Chapters 8-22 (pages 51-311)

J. H. Clapham—Economic Development of France and Germany (1921). Chapters 5, 7, 12 (Pages 104-120, 140-157, 339-375)

III. AGRICULTURE

Lord Ernle—English Farming, Past and Present (3d edition, 1922). Chapters 17, 18

J. H. Clapham—Economic Development of France and Germany (1921). Chapter 9 (pages 195-231)

C. L. Christensen—Agricultural Cooperation in Denmark. Pages 9-54, 81-87

IV. TARIFF POLICY

P. Ashley—Modern Tariff History (1920). Part 1, Part 3 (pages 3-128, 269-355)

J. Morley—Life of Richard Cobden (1881). Chapters 6, 7, 10, 11, 13, 16 (pages 140-172, 209-247, 290-307, 355-389)

V. BANKING

A. Andreades—History of the Bank of England (1909). Vol. 1, part 4; Vol. 2, Introductory chapter and Part 1 (pages 161-294)

H. Feis—Europe The World’s Banker, 1870-1914 (1930). Part I; Part II; Part III, Chapters 12, 13 (pages 3-190-258-313)

VI. READING PERIOD ASSIGNMENT

Choose ONE of the following groups:

INDUSTRIAL DEVELOPMENT

P. Mantoux—The Industrial Revolution in the Eighteenth Century (English translation, 1928)

Part I, Chapter 2
Part II, Chapters 1, 2, 3
Part III, Chapters 1, 2, 3, 4
(pages 93-139-193-317, 349-489)

J. H. Clapham—Economic Development of France and German. Chapters 3, 4 (pages 53-103)

LABOR

S. & B. Webb—History of Trade Unionism (1920 edition). Chapters (in part) 2, 3, 4, 5, 7, 9, 10, 11 (pages 64-112, 153-179, 180-204, 249-298, 358-421, 472-546, 594-611, 634-676, 677-704)

Cambridge Modern History—Volume 12—Chapter 23—Social Movements (by Webb) (pages 730-765

BRITISH INDUSTRY AND CAPITAL

A. Siegfried—England’s Crisis (1933 edition)

L. H. Jenks—The Migration of British Capital to 1875 (1927). Chapters 1, 5, 7, 11. Pages 1-24, 126-157, 193-232, 326-336)

* * * * * * * * *

SUGGESTIONS FOR FURTHER READING—NOT ASSIGNED

A. Birnie—Economic History of Europe 1760-1930 (1930)

C. Day—Economic Development in Modern Europe (1933)

J. H. Clapham—An Economic History of Modern Britain—2 vol. 1926-32 [3 vols. 1926-1938]

L. Domeratzsky—The International Cartel Movement (1928)

R. J. S. Hoffman—Great Britain and the German Trade Rivalry 1875-1914 (1933)

P Fitzgerald—Industrial Combination in England (1927)

L. C .A. Knowles—The Economic Development of the British Overseas Empire, 2 vols. (1924-1930)

F. L. Nussbaum—A History of the Economic Institutions of Modern Europe (1933)

H. M. Robertson—Aspects of the Rise of Economic Individualism (1933)

L. C .A. Knowles—Economic Development in the Nineteenth Century (1932)

Source: Harvard University Archives. Syllabi, course outlines and reading lists in economics, 1895-2003. Box 2, Folder “Economics 1934-1935”

______________________________

1934-35
HARVARD UNIVERSITY

ECONOMICS 2a¹
[Final. 1935.]

Comment briefly on THREE of the statements in part I, and discuss more fully TWO of the questions in Part II.

Part I

“During the period 1785-1802 there was an increase rather than a decrease of the yeomen proper in England.”
“The Industrial Revolution was responsible for a decrease in the number of yeomen.”
“The solution for the problem of agricultural distress is to be found, as the example of Denmark clearly shows, not in protective tariffs but in coöperative organization.”
“The Bank was right in 1811 in rejecting the main recommendations of the Bullion Committee and in thereby refusing to follow the counsels of doctrinaires.”
“The Trade Union of today is a direct descendant of the old Gild.”
“The fact that the landlords supported the Factory Acts and that the manufacturers agitated for the repeal of the Corn Laws indicates that both of these powerful antagonists desired the welfare of the working class and that this class, as yet unenfranchised, wielded great political power.”

Part II

“It was the increase of population which rendered necessary the Industrial Revolution.” (Lewinski.)
“The cotton industry by its demand for the labor of women and children was chiefly responsible for the great increase of population in the towns during the generation and a half preceding the Reform Bill.”
Comment and give your own view concerning the movement of population in Great Britain and its relation to the Industrial Revolution.
“The community as a whole benefits more by falling than by rising prices.” (Layton.)
Is this statement supported by the experience of England in the nineteenth century?
Show the chief difference (giving reasons therefor) between France and Germany in railroad development and control.
“The manifold connections and activities of British commerce and finance achieved for Great Britain in their freedom a vigorous expansion.” (Feis) Explain and exemplify.
Summarize concisely:
1. Bullion Report.
2. New Unionism.
3. Cobden Chevalier Treaty.
4. Méline Tariff.
5. Bank Act of 1844.
6. Taff Vale Case.

Source: Harvard University Archives. Mid-year examinations, 1852-1943. Box 12. Volume: Examination Papers. Mid-Years, 1934-35.

Image Source: Edwin Francis Gay in Harvard Class Album 1934.

Tags Gay

Columbia Economists NBER

Columbia Alumnus Arthur F. Burns applies to NBER for Research Associateship, 1930

Post author By Irwin Collier
Post date 2019-08-20

Arthur F. Burns was twenty-five years old when he submitted the following application for a Research Associate position that provided 11 months funding at the National Bureau of Economic Research. Results from this project would be ultimately incorporated into Burns’ doctoral dissertation published as the NBER monograph Production Trends in the United States Since 1870 (1934).

_____________________

Arthur F. Burns’ late NBER application forwarded to Edwin Gay

National Bureau of Economic Research, Inc.

February 25, 1930

Dr. Edwin F. Gay
117 Widener Library
Harvard University
Cambridge, Mass.

Dear Dr. Gay:

The attached application of Mr. Arthur Frank Burns has just been received. Athough the time limit has passed, you might wish to consider it, and I am therefore forwarding it to you.

Yours very truly,
[signed] G. R. Stahl
Executive Secretary

GRS:RD

[handwritten note]
[Frederick C.] Mills knows something about this man and regards him favorably.

_____________________

NBER Research Associate Application of Arthur F. Burns
(February, 1930)

National Bureau of Economic Research, Inc.

51 Madison Avenue
New York

RESEARCH ASSOCIATES’ APPLICATION FORM

Applications and accompanying documents should be sent by registered mail and must reach Directors of Research not later than February 1, 1930. Six typewritten copies (legible carbons) should accompany each formal application.

Candidates should have familiarized themselves with the main objects and work of the National Bureau of Economic Research.

Candidates are expected to be in good health, free from physical or nervous troubles, and able to complete their work in New York without predictable interruption.

Research Associates will not accept other remunerative employment while connected with the National Bureau of Economic Research.

Candidates’ names should be written plainly on each manuscript.

Title of Project

A Study of Long-Time Indexes of Production

Name of Candidate

Arthur Frank Burns

Date of Application

February 21, 1930

THE CANDIDATE

PERSONAL HISTORY:

Name in full: Arthur Frank Burns
Home address: 34 Bethune St., New York City
Present occupation: University teaching
Place of birth: Stanislawow, Poland
Date of birth: April 27, 1904
If not a native-born citizen, date and place of naturalization: About 1920; Bayonne, New Jersey
Single, married: Married
Name and address of wife or husband: Helen, 34 Bethune Street
Name and address of nearest kin if unmarried: [blank]
Number, relationship, and ages of dependents: [blank]

Name the colleges and universities you have attended; length of residence in each; also major and minor studies pursued.

Columbia College, Sept. 1921-Feb. 1925. Majors—Economics, German. Minors—English, History
Columbia University, Feb. 1925-June 1927. Major—Economics. Minor—Statistics.

List the degrees you have received with the years in which they were conferred.

B.A.—Feb. 1925
M.A.—Oct. 1925

Give a list of scholarships or fellowships previously held or now held, stating in each case place and period of tenure, studies pursued and amount of stipend:

Columbia College Scholarship, 1921-1924. $250 per annum
Gilder Fellowship, Academic Year 1926-1927, Columbia University. Stipend $1200. Chief study pursued—Monetary Theory

What foreign languages are you able to use?

French and German

ACCOMPLISHMENTS:

Give a list of positions you have held—professional, teaching, scientific, administrative, business:

Name of Institution	Title of Position	Years of Tenure
Columbia University	Instructor in Extension	Feb. 1926-June 1927
Soc. Science Res. Co.	Report on Periodicals	Summer of 1927
Rutgers University	Instructor	1927 to date

Of what learned or scientific societies are you a member?

Phi Beta Kappa
American Statistical Society

Describe briefly the advanced work and research you have already done in this country or abroad, giving dates, subjects, and names of your principal teachers in these subjects:

Master’s essay on Employment Statistics, under Professors F.A. Ross and W.C. Mitchell, in 1925
Studies in the field of Business Cycles, under Professor W.C. Mitchell, 1926 to date
Studies in the field of Monetary Theory, under Professors Mitchell and Willis, 1926-1927
Work on Negro Migration, under Professor F.A. Ross, Summer of 1925
Work on Instalment Selling, under Professor E.R.A. Seligman, Summer of 1926
Report on Social Science Periodicals for the Social Science Research Council, under Professor F. Stuart Chapin, Summer of 1927.

Submit a list of your publications with exact titles, names of publishers and dates and places of publication:

See separate sheet on publications

THE PROJECT

PLANS FOR STUDY:

Submit a statement (six copies) giving detailed plans for the study you would pursue during your tenure of an Associateship. This statement should include:

(1) A description of the project including its character and scope, and the significance of its presumable contribution to knowledge. Describe how the inquiry is to be conducted, major expected sources of information, etc.
(2) The present state of the project, time of commencement, progress to date, and expectation as to completion.
(3) A proposed budget showing the amount of any assistance, whether of a statistical or clerical nature, or traveling expense that you would require to complete your project.

REFERENCES:

Submit a list of references

(1) from whom information may be obtained concerning your qualifications, and
(2) from whom expert opinion may be obtained as to the value and practicability of your proposed studies.

_____________________

Arthur F. Burns

THE PROJECT
A Study of Long-Time Indexes of Production

Several years ago I embarked upon an inquiry into the broad problem “The Relationship between ‘Price’ and ‘Trade’ Fluctuations.” The study had two main purposes: (1) to provide a systematic description and analysis of one structural element of the “business cycle,” (2) to determine and appraise the empirical basis for the widely held view that “business stability” may be attained through the “stabilization of the price level.” But soon enough I found it difficult to adhere to the project that I had formulated. The task in the course of execution in the statistical laboratory loomed more formidable than in the “arm-chair” in which it found its inception. But another circumstance proved even more compelling in bring about a restriction of the area of the investigation: no sooner was a small segment of the plan that served as my procedural guide completed, but a host of new queries, not at all envisaged in the original plan, arose and pressed for an answer. Thus, impelled by considerations of a practical sort—working as I did single-handed, and by a growing curiosity, I subjected the project to successive reductions of scope. The present project, “A Study of Long-Time Indexes of Production,” is the untouched, and perhaps an unrecognizable, remainder of the original inquiry. On this limited project I have been at work intermittently for about a year and a half.

The object of the present project is to study the “secular changes” in “general production” in the United States, and thereby throw light on one important constituent aspect of the trend of “economic welfare.” The establishment of a theory of secular change in general production calls, in the main, for the performance of two tasks. In the first place, the rate of growth of the physical volume of production and its variation have to be determined. In the second place, the empirical generalizations so arrived at have to be interpreted. The general plan of the investigation is built around these two problems; but to perform these tasks adequately, a host of subsidiary problems have to be met.

Some details of the organization of the project, as well as the point to which work on the project has been carried thus far, may best be indicated by setting forth the extent to which the tentative individual chapters have been completed. The first chapter treats of the contents of the concept “economic welfare,” and traces, analytically and historically, problems in the measurement thereof; this chapter is practically finished. The materials for the second chapter, which is devoted to the history of production indexes, have, for the greater part, already been collected; and a preliminary draft of the chapter has been completed. Much of the third chapter, which is concerned with an analysis of a conceptually ideal measure of the physical volume of production, and the special bearing of this analysis on long-time indexes of production, is written; this chapter is to be but an extension of the paper on “The Measurement of the Physical Volume of Production,” which was published in the Quarterly Journal of Economics, February, 1930. In the fourth chapter, an analysis of the available long-time indexes of production is made; this chapter covers a much more extensive area than the brief reference to it may lead one to suppose; and though several months of continuous work have already been devoted to it, considerable literary research and statistical routine remain. The fifth and six chapters will present the results of the computations on the rate of secular change in physical production; though much ground has been covered (over one hundred trends have already been determined), even more remains to be done. Of the next and final two chapters, in which an interpretation of the computed results is to be offered, very little has been put into written form; but a substantial body of literature has been abstracted; and a preliminary outline of some portions of the theory to be presented, now that many of the calculations are completed, has been worked out.

It will be apparent from this statement of the work already done on the project that it has reached a point where completion by the middle of 1931 may well be expected. In fact, the freedom to pursue the investigation unencumbered by academic duties may make possible a more intensive cultivation of the demarcated field than is presently contemplated; or, if it be deemed advisable, an extension of the investigation, now confined to the United States, to several other countries for which what appear to be reasonably satisfactory materials have of late become available.

Needless to say, the above statement of the project constitutes no more than a report on its present status. There probably will be modifications of some importance. One change, in fact, is now being seriously considered: the replacement of Chapters II and III by a brief section, to be worked into the introductory chapter, to the end that a nicer balance between the divisions on, what may be described as, “data and method” and “results” be achieved.

In continuing with this study there will be no travelling expenses to speak of. At the most, there will be a trip or two to Washington. It goes without saying that the study will proceed more rapidly if clerical assistance is had. Only a single statistical clerk would be needed, and a halftime clerk might suffice.

_____________________

Arthur F. Burns

References

Group I

Professor Robert E. Chaddock, Columbia University
Professor Wesley C. Mitchell, Columbia University
Professor H. Parker Willis, Columbia University
Professor Eugene E. Agger, Rutgers University
Professor Frank W. Taussig, Harvard University

Group II

Professor Wesley C. Mitchell, Columbia University
Professor Wilford I. King, New York University
Mr. Carl Snyder, New York Federal Reserve Bank
Dr. Edmund E. Day, Social Science Research Council
Dr. Simon Kuznets, National Bureau of Economic Research

_____________________

Arthur F. Burns

Publications

A Note on Comparative Costs, Quarterly Journal of Economics, May, 1928

The Duration of Business Cycles, Quarterly Journal of Economics, August 1929

The Geometric Mean of Percentages, Journal of the American Statistical Association, September, 1929

The Ideology of Businessmen and Presidential Elections, Southwestern Political and Social Science Quarterly, September, 1929.

Thus Spake the Professor of Statistics, Social Science, November, 1929

The Quantity Theory and Price Stabilization, American Economic Review, December, 1929

The Relative Importance of Check and Cash Payments in the United States: 1919-1928, Journal of the American Statistical Association, December, 1929

The Measurement of the Physical Volume of Production, Quarterly Journal of Economics, February, 1930

_____________________

Reference Letter: H. P. Willis

Columbia University
in the City of New York
School of Business

February 27, 1930.

Mr. G. R. Stahl,
Executive Secretary,
National Bureau of Economic Research,
51 Madison Avenue,
New York City.

My dear Mr. Stahl:

I have received your letter of February 26. Mr. Arthur F. Burns, whom you mention, was a student here some years ago, passed his doctorate examination with money and banking as one of his topics. I had general supervision of his work in money and banking and also came into contact with him individually now and then. I thought him a specially acute and capable student of the subject and it seemed to me that he had rather unusual research ability. He has been teaching, I believe, at Rutgers University for a couple of years past and during that time he has occasionally written articles in the scientific magazines and has sent me copies. I have read them with substantial interest and have thought that they showed steady growth in the grasp of the subject and in ability to present it.

I do not know exactly what kind of work you would be disposed to assign him in your bureau were you to appoint him, and hence it is difficult for me to give specific opinion of his “strong and weak points”, for strength and weakness are relative to the work to be done. I should suppose that in a statistical research relating to monetary and banking questions, and particularly to the price problem, Mr. Burns would be decidedly capable. I do not think of any elements of corresponding weakness that need to be emphasized, but perhaps you might find him less devoted to the necessary routine work that has to done in every statistical office, than you would to the planning of investigation and the initiation of inquiries in it. Put in another was this might be equivalent to saying that Mr. Burns is perhaps stronger in conception and planning than he is in execution and yet I do not know that he is in any way to be criticized for his power of execution. I simply mean that he does not seem to be as outstanding in that direction as he is in the other.

I, however, commend him unreservedly to you as a capable man in connection with price, banking and credit research.

Yours very truly,
[signed] H. P. Willis

HPW:S

_____________________

Reference Letter: Willford I. King

AMERICAN STATISTICAL ASSOCIATION

Secretary-Treasurer
Willford I. King
530 Commerce Building, New York Univ.
236 Wooster Street, New York City

February 27, 1930.

Mr. G. R. Stahl,
National Bureau of Economic Research,
51 Madison Avenue,
New York City.

Dear Mr. Stahl:

I have met Mr. Arthur F. Burns two or three times but do not know very much about his record. One thing, however, stands out strongly in his favor. He recently published in the AMERICAN ECONOMIC REVIEW a very fine piece of work on the equation of exchange. This indicates to me that he is competent to do research work of high quality.

Cordially yours,
Willford I. King.

WIK:RW

_____________________

Reference Letter: F. W. Taussig

HARVARD UNIVERSITY
DEPARTMENT OF ECONOMICS

Cambridge, Massachusetts
February 28, 1930

Dear Mr. Stahl:

I have a high opinion of A. F. Burns. I have watched his published work, and some I have examined with care. As will be noted, he has an article in the current issue of the Quarterly Journal of Economics which I consider first-rate. He is a keen critic, and handles figures well. He writes more than acceptably, and in my judgment gives promise of very good work in the future. You will have to go far to find a man clearly better.

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

Mr. G. R. Stahl
National Bureau of Economic Research
51 Madison Avenue
New York City

_____________________

Reference Letter: E. E. Agger

Rutgers University
New Brunswick, New Jersey
Department of Economics

March 5, 1930

Mr. G. R. Stahl,
National Bureau of Economic Research, Inc.
51 Madison Avenue,
New York City

Dear Mr. Stahl:

Replying to your letter of February 26^thI may say that I have known Mr. Arthur F. Burns ever since his undergraduate days. He was one of my honor students when I was at Columbia and when he finished his graduate work I brought him to Rutgers as an Instructor. I think that he will be promoted to an Assistant Professorship next year.

He has been a specialist in the field of Statistics and Economic Theory and would therefore, in my judgment, be ideally equipped for the post of Research Associate. He is meticulously careful and most painstaking. You are doubtless familiar with some of his writings during the past year or so. They have seemed to me excellent pieces of work. We shall sorely miss him should he ask for leave to accept possible appointment under you, but on the other hand, I believe that in the end it will add to his value to us, at the same time that you are getting the use of his services. In short, I recommend him without qualification.

Sincerely yours,
[Signed] E.E. Agger

EEA:H

_____________________

Reference Letter: Carl Snyder

COPY
Thirty Three Liberty Street
New York

March 5, 1930

Dear Mr. Stahl:

I have followed the work of Arthur F. Burns, of whom you wrote, with a great deal of interest. It seems to me careful, conscientious, well-planned work. He has the inquisitive mind, and that is the great thing. His ideas seem to me sound and his statistical methods well grounded.

The problem in which he is interested is one in which we have done a great deal of work here, and I know of nothing of greater importance. I wish very cordially to endorse the recommendation for his appointment as a Research Associate.

Please believe me, with very best regards,

Sincerely yours,
Carl Snyder

Gustav R. Stahl, Esq.,
National Bureau of Economic Research
51 Madison Avenue, New York City

_____________________

Reference Letter: Simon Kuznets

NATIONAL BUREAU OF ECONOMIC RESEARCH
51 Madison Avenue, New York

March 3, 1930

Committee on Selection,
National Bureau of Economic Research
51 Madison Avenue,
New York City

Gentlemen:

Arthur F. Burns who is applying for appointment as a Research Associate is my former classmate from Columbia University, and has always impressed me by his keen powers of observation and analysis. His work speaks for itself, for he has had opportunity to publish some of the by-products of his doctor’s thesis in the form of articles.

He has a thorough statistical training, both in theory and in technique, for he has studied statistics, taught it, and applied its principles. He is also thoroughly versed in economic theory, having studied it under Professors W. C. Mitchell and H. L. Moore.

On the whole, Mr. Burns is a candidate of high promise. He is still quite young in years, but is quite experienced in research work. He ought to prove equal to the opportunities which an appointment as a research associate will provide for him.

Yours respectfully
[signed] Simon Kuznets
[Research Staff member, NBER]

_____________________

Reference Letter: Robert E. Chaddock

Columbia University
in the City of New York
Faculty of Political Science

March 3, 1930.

Mr. G. R. Stahl, Executive Secretary
National Bureau of Economic Research
51 Madison Avenue, New York City

Dear Mr. Stahl,

I have expressed my opinion as to the qualifications of Cowden, Gayzer and Leong as candidates for Research Associate. Mr. Arthur F. Burns is superior to any of these in qualifications for research, in my opinion. All his inclinations and his critical attitude toward his own and the results of others point to research as his field. He has unusual technical preparation in Statistics and does not lose sight of the logical tests of his knowledge. He has been publishing articles constantly since entering upon his teaching at Rutgers University where he is successful as a teacher so far as I know. I would not rate him ahead of the candidates I have described before in matters of personality and personal contact, but I do regard him as a very superior candidate in respect to qualifications for research and scholarly productivity.

Sincerely yours,
[signed] Robert E. Chaddock

REC:CT

_____________________

Letter: Edwin F. Gay to Arthur F. Burns

NATIONAL BUREAU OF ECONOMIC RESEARCH
51 Madison Avenue, New York

June 25, 1930

Mr. A. F. Burns
34 Bethune Street
New York City

My dear Mr. Burns:

At a recent meeting of the Executive Committee of the National Bureau it was decided that since all the members of the regular staff are not available until the end of September, the Research Associates should be asked to report here on October 1, 1930, instead of September 15. You may, of course, come earlier but full provision for your work cannot conveniently be made before the date indicated. The stipends of the Research Associates are to run from October 1, and also the salaries of such statistical assistants as are designated for the service of the Research Associates.

Upon your arrival you are to report to Dr. Frederick C. Mills, who will have direct responsibility as your adviser. You will be free, of course, to consult with any of the members of the staff.

In regard to arrangements for statistical and other assistance, you will consult with Mr. Pierce Williams, the Executive Director.

It gives me great pleasure, in behalf of the directors and staff of the National Bureau, to welcome you as a research associate. We trust that you will find the eleven months with us not only scientifically profitable but personally enjoyable.

Sincerely yours,
[signed] Edwin F. Gay]
Director of Research

[handwritten note] P.S In looking over your application, I [word illegible] certain [items?] which I think should be filled out. These are: the date of arrival in this country, precise date of naturalization; pre-college education.

Source: Duke University. David M. Rubenstein Rare Book and Manuscript Library. Economists’ Papers Archive. Arthur F. Burns Papers, Box 2, Folder “Correspondence/NBER, 1930”. IMG_8329.JPG

Image Source: Duke University. David M. Rubenstein Rare Book and Manuscript Library. Economists’ Papers Archive. Arthur F. Burns Papers, Box 6. Folder “Photographs, B&W I”. Note: “1930s” written on back of photograph.

Tags Agger, BurnsAF, Chaddock, Day, Gay, HP Willis, KingWI, Kuznets, MillsFC, Mitchell, Moore, Ross, Seligman, SnyderC, Taussig

Memorandum on General Bases of the Research Program

Previous posts (for 1921-1941)

1929-30

From Course Announcements

Enrollment

1929-30. Harvard University. Economics 231. [Mid-year Exam, 1930]

1929-30 Harvard University. Economics 25 [Mid-year Exam, 1930]

PART I

PART II

1929-30 Harvard University. Economics 25 [Year-end Exam, 1930]

1930-1931

From Course Announcements

Enrollment

1930-31 Harvard University Economics 23. [Mid-year Exam 1931]

1930-31 Harvard University Economics 25 [Mid-Year Exam, 1931]

1930-31 Harvard University Economics 25 [Year-end Exam, 1931]

1931-1932

From Course Announcements

Enrollment

1931-32 Harvard University Economics 23 [Final Exam 1932]

1931-32 Harvard University Economics 25 [Mid-Year Exam, 1932]

1931-32 Harvard University Economics 25 [Year-End Exam, 1932]

1932-1933

From Course Announcements

Enrollment

1932-33 Harvard University Economics 251 [Mid-year Final Exam, 1933]

1933-1934

From Course Announcements

Enrollment

1933-34 Havard University Economics 232 [Final Exam 1934]

1934-1935

From Course Announcements

Enrollment

Economics 21. Economic History to 1450. Readings and paper topics, Usher. 1934

1934-35 Harvard University Economics 21 [Final Exam. Jan 18, 1935]

1934-35 Harvard University Economic 23 [Mid-year Exam 1935]

1934-35 Harvard University Economics 23 [Year-end Exam, 1935]

1935-1936

From Course Announcements

Enrollment

1935-36 Harvard University Economics 23 [Mid-year Exam, 1936]

1935-36 Harvard University Economics 23 [Year-end Exam, 1936]

Summer School of Harvard University August 15, 1936 Economics S20 (Economics 23)

1936-1937

From Course Announcements

Enrollment

1936-37 Harvard University Economics 133 [Year-end Examination, 1937]

1937-1938

From Course Announcements

Enrollment

1937-38 Harvard University Economics 133 [Mid-year Exam, 1938]

1937-38 Harvard University Economics 133 [Year-end Exam, 1938]

1938-1939

From Course Announcements

Enrollment

1938-39 Harvard University Economics 133 [Mid-year Exam, 1939]

1938-39 Harvard University Economics 133 [Year-end Exam, 1939]

1939-1940

From Course Announcements

Enrollment

1939-40 HARVARD UNIVERSITY ECONOMICS 133 [Mid-Year Exam, 1940]

1939-1940 HARVARD UNIVERSITY ECONOMICS 133 [Year-End Exam, 1940]

1940-1941

From Course Announcements

Enrollment

1940-41 Harvard University Economics 133 [Mid-year Exam, 1941]

1940-41 Harvard University Economics 133 [Year-end Exam, 1941]

1941-1942

From Course Announcements

Enrollment

1941-42 Harvard University Economics 133 [Mid-year Exam, 1942]

1941-42 Harvard University Economics 133 [Year-end Exam, 1942]

1942 Harvard University Economics S133

1942-1943

From Course Announcements

Enrollment

1942-43 Harvard University Economics 133 [Mid-year Exam, 1943]

1942-43 Harvard University Economics 133 [Year-end Exam, 1943]

1943-1944

From Course Announcements

Previous posts
(for 1921-1941)

1929-30.
Harvard University.
Economics 23¹.
[Mid-year Exam, 1930]

1929-30
Harvard University.
Economics 25
[Mid-year Exam, 1930]

1929-30
Harvard University.
Economics 25
[Year-end Exam, 1930]

1930-31
Harvard University
Economics 23.
[Mid-year Exam 1931]

1930-31
Harvard University
Economics 25
[Mid-Year Exam, 1931]

1930-31
Harvard University
Economics 25
[Year-end Exam, 1931]

1931-32
Harvard University
Economics 23
[Final Exam 1932]

1931-32
Harvard University
Economics 25
[Mid-Year Exam, 1932]

1931-32
Harvard University
Economics 25
[Year-End Exam, 1932]

1932-33
Harvard University
Economics 25¹
[Mid-year Final Exam, 1933]

1933-34
Havard University
Economics 23²
[Final Exam 1934]

Economics 21. Economic History to 1450.
Readings and paper topics, Usher. 1934

1934-35
Harvard University
Economics 21
[Final Exam. Jan 18, 1935]

1934-35
Harvard University
Economic 23
[Mid-year Exam 1935]

1934-35
Harvard University
Economics 23
[Year-end Exam, 1935]

1935-36
Harvard University
Economics 23
[Mid-year Exam, 1936]

1935-36
Harvard University
Economics 23
[Year-end Exam, 1936]

Summer School of Harvard University
August 15, 1936
Economics S20 (Economics 23)

1936-37
Harvard University
Economics 133
[Year-end Examination, 1937]

1937-38
Harvard University
Economics 133
[Mid-year Exam, 1938]

1937-38
Harvard University
Economics 133
[Year-end Exam, 1938]

1938-39
Harvard University
Economics 133
[Mid-year Exam, 1939]

1938-39
Harvard University
Economics 133
[Year-end Exam, 1939]

1939-40
HARVARD UNIVERSITY
ECONOMICS 133
[Mid-Year Exam, 1940]

1939-1940
HARVARD UNIVERSITY
ECONOMICS 133
[Year-End Exam, 1940]

1940-41
Harvard University
Economics 133
[Mid-year Exam, 1941]

1940-41
Harvard University
Economics 133
[Year-end Exam, 1941]

1941-42
Harvard University
Economics 133
[Mid-year Exam, 1942]

1941-42
Harvard University
Economics 133
[Year-end Exam, 1942]

1942
Harvard University
Economics S133

1942-43
Harvard University
Economics 133
[Mid-year Exam, 1943]

1942-43
Harvard University
Economics 133
[Year-end Exam, 1943]

1943-44
Harvard University
Economics 33a, 133a
[Final Examination, June 1944]

1943-44
Harvard University
Economics 33b, 133b
[Final Exam, February 1944]

1944-45
Harvard University
Economics 33a, 133a
[Final Exam, February 1945]

1944-45
Harvard University
Economics 33b, 133b
[Final Exam. June 1945]

1945-1946
Harvard University
Economic 133a
[Final Exam, August 1946]

1945-1946
Harvard University
Economics 133b
[Final Exam, August 1946]

1946-47
Harvard University
Economics 133a
[Final Exam, January 1947]

1946-47
Harvard University
Economics 133b
[Final Exam, May 1947]

1947-48
Harvard University
Economics 133a
[Final Exam, January 1948]

1947-48
Harvard University
Economics 133b
[Final Exam, May 1948]

1948-49
Harvard University
Economics 233a
[Final Exam, January 1949]

1948-49
Harvard University
Economics 233b
[Final Exam, June 1949]

THE GRADUATE SCHOOL OF ARTS AND SCIENCES
Record of Jacob Viner

1933
[not found]

Biographical Snapshot from 1931
John Simon Guggenheim Memorial Foundation

Ernest Herman Hahne
(b. Oct. 20, 1890; d. November 25, 1952)

Miami University
Oxford, Ohio

With Distinction in Special Subjects
Cum Laude