From assignments and suggested readings as found in the notes taken by Frank W. Fetter (obituary), son of the economist Frank Albert Fetter. Frank W. Fetter received an A.M. in economics from Harvard. Most of the items below are written at the start of his notes for the class-days Fetter attended. Approximately 110 pages of class/reading notes are in this folder. I have merely extracted the course readings and specific bibliographic references made by Taussig for this posting.
New addition: Mid-year and final examination questions for this course.
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Readings for Economic Theory (Taussig)
Economics 11
MWF 2pm
1923-24
from notes taken by Frank Whitson Fetter
Fall Term
Sept. 26
- George, Progress and Poverty. Book I, ch 1-2, 5
- F. A. Walker, Wages Question. Ch 8-9
- F. A. Walker, Political Economy, Part VI, ch. 5
Sept. 28
Oct. 1
Oct. 3
Oct. 5
Oct. 8
- Taussig, Wages and Capital. Ch. 1
- Walker, Discussions, vol I, 359-380, 383-413
- F. A. Walker, Political Economy IV, ch. 9
Oct. 10
Oct. 15
Oct. 17
Oct. 19
- Ricardo Ch. I. Value
Oct. 22
Oct. 24
- Adam Smith, Bk I-ch V about 2/5, Cannan ed. I, pp. 34-38
- Mill, Bk III, Ch. 15
- Cliff-Leslie, essays p. 180 re the philosophical method in political economy
Oct. 26
Oct. 29
Oct. 31
- Read J. S. Mill, Book III, ch 3,4,5; Book IV, ch. 4, § 4; Book II, ch 16
- Orchard in QJE, Feb 1922.
- Ricardo, ch 4,5
- Ricardo, Chapter on Profits, ch 6,
Nov. 2
- Hollander QJE XIIXp. 466
- Davidson, Bargain Theory of Wages, pp. 17/8
Nov. 5
Nov. 7
- Ricardo, ch Profits
Nov. 9
Nov. 12
Nov. 14 Discusses Ricardo’s biography
- H. Hollander “Ricardo” in JHU 1910
Nov. 16 (no class)
Nov. 19
- Mill Bk II, ch. 11, 13, 15*, 16
- Cf. Patten. The interpretation of Ricardo, p. 351.
Nov. 26
- Mill Bk IV, ch 2-6
- Read paragraphs 5-7 in chapter on profits
- Taussig, Wages and Capital, Chapter 11, John Stuart Mill.
Nov. 28
Nov. 30 Lecture by Taussig on Mill
- Assignment for Dec 3. Mill Bk III, 2,3
Dec. 3. No class
Dec. 5. Class in charge of Prof. Crum.
- Marshall, 6th, Book V, ch. 1,2
- Taussig QJE Vol 35, p. 394
- Taussig Principles, ch 10, paragraph 1-6
Dec. 7
- See Taussig QJE Vol. 35, p. 394
- Marshall, V, ch 3 (Bk V, ch 12, paragraph 3), Ch 4,(paragraphs 5 and 6 only), ch 5.
Dec. 10
Dec. 12
- Marshall 8th p. 335, (abbreviation unclear, looks like: V:12; paragraph 3…need to check)
Dec. 14
- Taussig, Price Fixing QJE vol 33, p. 207,
- Simpson, QJE vol 35, p. 264 and QJE vol 37, p. 476
- Marshall, Book IV, ch 2,3; Book V, ch X (agricultural values) is chapter 8 in 4th
Dec. 17
- Taussig, note, QJE Nov. 1923
Dec. 19
Dec. 21
- Usher (on Soil Exhaustion). QJE May 1923
- Esslen , Das Gesetz des abnehmenden Bodenertrages
Jan 4
Jan 7
Jan 9
Jan 11.
Jan 14 “increasing returns” (internal and external economies)
- Marshall Book III, ch 3,4, 6; Book V, ch 13
- See Marshall’s Appendix
Jan 16
Jan 18
Jan 21
- Marshall, Book V- ch. 13
- For Feb. 11
- Bk II, ch. 14
- Cairnes Leading Principles Pt I, ch 3, paragraphs 5 and 7
- [Taussig?] Principles ch 47-48
Jan 23 Discussion of cases given by Marshall in diagrams on pp. 464-469.
Spring Term
Feb. 11
- Ultimate analysis of cost of production chapter.
- Marshall Book VI, ch 4,5, also p. 339
- Mill, p. 440
- Marshall, Fortnightly Review, vol 25, p. 598
Feb. 13
Feb. 15
Feb. 18
- Marshall, Book VI, ch. 7, 8.
Feb 20
- Ellis. British Men of Genius
- Odin, Genèse des grandes hommes.
- cf. Ward. Dynamic sociology. [Vol I, Vol II]
Feb 25
- Discussion of main idea of Book II, chapter 7 (probably Marshall)
Feb 27
- Marshall, Book 4, ch 12 paragraphs 11-12; Book 5, ch 5, paragraph 7; Book 6, ch 11, paragraph 3/end?
- Böhm-Bawerk, Positive Theorie Book 3
Feb 29
- Böhm-Bawerk. Book 3, ch 1-4, 8; Book 4, ch 1-4.
- Marshall, Appendix F.
March 3
March 5
- B.B. Book 4, ch 6,7
March 7
- BB Book 3, ch 10 instead of Book 4 ch 7
March 10
March 12
March 14
March 17 no class
- Assignment for march 19. BB Book 6, ch 1, pp.285-286 and ch 2,4.
March 19
March 21
March 24
March 26 pp. 325-327
March 28
March 31
- J.B. Clark Distribution of Wealth, ch 7-8
April 2
April 4
April 7
- Alvin S. Johnson’s Introduction to Economics gives an excellent presentation of the Clarkian economics.
April 9
- Clark ch 7, 8, 9 (omit pp.138-9)
April 11 Absent.
- Clark ch 11, 12, 13
- BB in QJE Nov 1906 and Feb 1907
April 21
- Clark ch 20
April 23
April 25 absent
April 28
- Clark ch 21
- Marshall Book VI, ch 1, paragraphs 7,8,9.
April 30
May 2
May 5
- Carver. QJE VIII, 40;
- Mixter, QJE XIII, 245
- *Wolfe QJE XXXV, 1
- Mill’s chapter on stationary state [Book IV, Chapter VI]
- Marshall’s chapter on stationary state
May 7
May 9
May 12 Class in charge of Crum
- Discussion of Taussig’s wage theory ch 52[51?].
May 14
May 16
- Fisher Elem Principles ch 24, paragraph 1
- Fetter, Econ Principles ch 16, paragraph 1;ch 18, paragraph 1
- Clark, Distribution of Wealth, ch 22, pp. 350 seq.
May 19
No class May 21 or May 26.
May 23
May 28
Source: Duke University. Rubenstein Library.
Frank Whitson Fetter Papers, 1902-1992. Box 49.
Folder: Student Papers, Graduate Course (Harvard University) Transportation Exams, readings, notes, 1923-1924.