To gauge the scale and scope of economics departments it is useful to have copies of the annual announcements/brochures. In this post we add a transcription of the announcement for advanced instruction and research in economics at the University of Chicago for 1956-57.
Some previous posts:
___________________________
THE UNIVERSITY OF CHICAGO
DEPARTMENT OF ECONOMICS
announces
Advanced Instruction
and Research Training
in
ECONOMICS:
Price Theory
Money and Banking
Economic History
Statistics
Econometrics and Mathematical Economics
Agricultural Economics
Government Finance
International Economic Relations and Economic Development
Economics of Consumption
Labor Economics and Industrial Relations
SESSIONS OF 1956-1957
___________________________
DEPARTMENT OF ECONOMICS
Officers of Instruction
Theodore William Schultz, Ph.D., Chairman of the Department of Economics and Charles L. Hutchinson Distinguished Service Professor of Economics.
Frank Hyneman Knight, Ph.D., Morton D. Hull Distinguished Service Professor Emeritus of the Social Sciences.
John Ulric Nef, Ph.D., Professor of Economic History.
Earl J. Hamilton, Ph.D., Professor of Economics.
Milton Friedman, Ph.D., Professor of Economics.
Lloyd A. Metzler, Ph.D., Professor of Economics.
Margaret G. Reid, Ph.D., Professor of Economics.
W. Allen Wallis, A.B., Professor of Economics and Statistics.
D. Gale Johnson, Ph.D., Professor of Economics.
Bert F. Hoselitz, A.M., Dr. Jur., Professor of the Social Sciences.
Hans Theil, Ph.D., Visiting Professor of Economics.
Harold Gregg Lewis, Ph.D., Associate Professor of Economics.
Arnold C. Harberger, Ph.D., Associate Professor of Economics.
Albert E. Rees, Ph.D., Associate Professor of Economics.
Carl Christ, Ph.D., Associate Professor of Economics.
Simon Rottenberg, Ph.D., Associate Professor of Economics.
George S. Tolley, Ph.D., Assistant Professor of Economics.
Robert Lloyd Gustafson, A.M., Assistant Professor of Economics.
Phillip David Cagan, Ph.D., Assistant Professor of Economics.
Martin Jean Bailey, Ph.D., Assistant Professor of Economics.
Chester Whitney Wright, Ph.D., Professor Emeritus of Economics.
Hazel Kyrk, Ph.D., Professor Emeritus of Economics and Home Economics.
Lloyd W. Mints, A.M., Professor Emeritus of Economics.
Mary Barnett Gilson, A.M., Assistant Professor Emeritus of Economics in the College.
Fellows, 1955-56
Richard King, Ph.D., Postdoctoral Fellow in Political Economy.
Yossef Attiyeh, A.M., Falk Foundation Fellow,
Milton Frank Bauer, A.M., Canadian Social Science Research Council Fellow.
John Allan Edwards, A.M., Sears, Roebuck Fellow in Agricultural Economics.
Lawrence Fisher, A.B., Earhart Foundation Fellow.
B. Delworth Gardner, S.M., Sears, Roebuck Fellow in Agricultural Economics.
Hirsh Zvi Griliches, S.M., Social Science Research Council Fellow.
Marc Leon Nerlove, A.M., Earhart Foundation Fellow.
Hugh Oliver Nourse, A.B., Woodrow Wilson Fellow.
Walter Yasuo Oi, A.M., Owen D. Young Fellow.
Boris Peter Pesek, A.M., Ford Foundation Fellow.
Duvvuri Venkata Ramana, A.M., Ford Foundation Fellow.
Jean Reynier, Diplôme D’études Supérieures De Doctorat, University of Paris Exchange Fellow.
Robert Oliver Rogers, A.M., Sears, Roebuck Fellow in Agricultural Economics.
John William Louis Winder, A.M., Edward Hillman Fellow.
___________________________
Introductory
The Department of Economics views the central problem of economic science as that of understanding the social organization of human and other scarce productive resources: principally the allocation of these resources among alternative uses by a system of exchange. The purpose of the Department is both to train economic scientists and to advance economic science.
The Department offers programs of instruction and research training not only for students seeking an advanced degree in economics at the University of Chicago but also for students working on an advanced degree at another institution who wish to complement the training available to them there and for students not seeking an advanced degree but who wish to pursue advanced study in economics at either the predoctoral or the postdoctoral level. Instruction is provided in all of the major fields of economics affording opportunity for well-rounded training in economics. Additional facilities in other parts of the University, including those in the other social sciences, mathematics, statistics, business administration, law, and philosophy, permit students wide choice among supplementary areas of study.
Courses of instruction at three levels of advancement are offered by the Department:
1. Intermediate courses (numbered in the 200’s) for those completing their work for the Bachelor’s degree and for others preparing for advanced training in economics.
2. Courses in economic theory, statistical inference, economic history, and economic analysis related to problem fields (numbered in the 300’s) that provide the strong theoretical foundation and related applied knowledge required of all candidates for advanced degrees in economics as preparation for economic research. Students are urged before entering these courses to acquire a command of the rudiments of the differential calculus.
3. Courses (including seminars, workshops, and other research working groups, and individual instruction) that provide arrangements for research and research supervision (numbered in the 400’s). These courses apply and seek to teach students to apply the foundations of economic analysis to research on particular economic problems.
THE ECONOMICS RESEARCH CENTER
The Department devotes a large proportion of its resources to research in economics and to the training of student research apprentices. The purpose of the Economics Research Center is to co-ordinate the research and research training activities of the Department. The Center supplies essential clerical, computing, and reference library services, assists in the organization of research seminars and working groups, and publishes the major research output of the Department in its series: “Studies in Economics.”
Some of the research training in the Center is organized on a continuing basis by one or more faculty members working with associates and students in research groups. (The staffs and research projects of these groups for the academic year 1955-56 are listed below.) Research training and facilities for research are available, however, to all qualified students, both those associated with a research group and those engaged in individual research.
Projects and Staffs of Research Groups, 1955-56
Workshop in Money and Banking
Faculty: Professors Cagan and Friedman.
Research Assistants and Fellows: Yossef Attiyeh, Hugh Roy Elliott, Duvvuri V. Ramana, and Robert E. Snyder.
Project: The role of monetary and banking factors in economic fluctuations.
Office of Agricultural Economies Research
Faculty: Professors Gustafson, Johnson, Schultz, and Tolley.
Research Associates: John A. Dawson, Cecil B. Haver, William E. Hendrix, Lester G. Telser, and Joseph Willett.
Research Assistants and Fellows: Marto Ballesteros, Michael Joseph Brennan, Donald S. Green, Hirsh Zvi Griliches, Vaughan Stevens Hastings, Roy J. Kelly, Edward Franklin Renshaw, James A. Rock, and Clifton R. Wharton, Jr.
Projects: (1) Agricultural inventories. (2) Conservation and development of natural resources. (3) Technical assistance in Latin American countries. (4) Developments affecting Negro farm families. (5) Soviet agriculture. (6) Technological growth in agriculture (hybrid corn). (7) Growth in output per unit of input in the United States and in agriculture.
Research Group in Labor Economics and Industrial Relations
Faculty: Professors Lewis, Rees, Rottenberg, and Seidman.
Projects: (1) The American worker as a union member. (2) Labor in the Mexican economy. (3) Real wages in the United States, 1890-1914. (4) Population, the labor force, and labor supply.
Research Group in Public Finance
Faculty: Professors Bailey and Harberger.
Research Assistants and Fellows: Meyer L. Burstein, Lawrence Fisher, Yehuda Grünfeld, Marc Leon Nerlove, William A. Niskanen, Jr., and Walter Y. Oi.
Projects:
(1) Resource allocation effects of federal taxes and of agricultural price supports.
(2) Sources and methods of controlling cyclical instability in the American economy.
(3) The capital market effects of federal taxation, expenditure, and regulatory policies.
Research Group in Economics of Consumption
Faculty: Professor Reid.
Research Assistant: Juliette Rey.
Project: Trends in, and factors determining, consumption levels.
Research Group in Economic Development
Faculty: Professors Hamilton, Harberger, Hoselitz, Rottenberg, and Schultz.
Projects: (1) Problems in the economic development of Chile. (2) Historical research in money, banking, prices, and interest rates, their interrelationship, and their role in the economic development of leading countries. (Note also projects (3), (6), and (7) of the Office of Agricultural Economics Research and project (2) of the Research Group in Labor Economics and Industrial Relations.) The Research Group in Economic Development works closely with the Research Center in Economic Development and Cultural Change of which Mr. Hoselitz is the director. The Center engages in research and publishes the journal Economic Development and Cultural Change.
Three members of the faculty of the Department are associated with research groups organized in other parts of the University: Mr. Hoselitz with the Research Center in Economic Development and Cultural Change; Mr. Nef, with the Committee on Social Thought; and Mr. Wallis, with the Committee on Statistics. In addition, other members of the economics faculty are engaged in individual research projects not associated with a research group: Mr. Metzler on the theory of international adjustment under conditions of full employment and high demand: and Mr. Christ on econometric research on economic growth and technological change.
FELLOWSHIPS, SCHOLARSHIPS,
AND RESEARCH ASSISTANTSHIPS
Students who wish to pursue a program of advanced instruction and research in economics at the University may compete not only for the regular University Fellowships and Scholarships described in these Announcements (see pp. 22-27) but also for the fellowships listed below:
[Note: The announcement transcribed here is a reprint of the Department of Economics section of the Announcements of Graduate Programs in the Divisions. Cross-references are to that publication]
Postdoctoral Fellowships:
Postdoctoral Fellowship in Political Economy awarded upon recommendation of the Department of Economics.
Postdoctoral Fellowships in Money and Banking awarded by the Workshop in Money and Banking in co-operation with the Department of Economics.
Predoctoral Fellowships:
Awarded upon recommendation of the Department of Economics:
Frank H. Knight Fellowships, Marshall Field Fellowship, Edward Hillman Fellowship Awarded upon recommendation of the Office of Agricultural Economics Research for students specializing in agricultural economics:
Sears, Roebuck Foundation Fellowships in Agricultural Economics
Stipends for the predoctoral fellowships, including the regular University fellowships, range generally from $1,000 to $3,000 per annum. Stipends for the postdoctoral fellowships range up to $4,000 per annum. Application blanks may be obtained from the Department of Economics or from the University Committee on Fellowships and Scholarships.
Research Assistantships
Research assistantships and associateships are available to qualified students who have research interests in particular problem areas. Application blanks for these positions may be obtained from the Economics Research Center.
ADVANCED DEGREES
The Department of Economics offers programs leading to both the A.M. and the Ph.D. degrees in Economics. The following paragraphs summarize briefly the major Departmental requirements for advanced degrees for students holding a four-year Bachelor’s degree or its equivalent. (The following paragraphs are not intended as an exhaustive statement of the requirements for advanced degrees; for the details of the requirements students should consult with the Departmental counselors.)
THE DEGREE OF MASTER OF ARTS
The Departmental requirements for the Master’s degree in Economics for students holding the traditional four-year Bachelor’s degree include: (1) satisfactory performance on two of the written field examinations in economics required for the Ph.D. degree; (2) a satisfactory command of the principles of economic theory; and (3) acceptance of a paper or report on a problem approved by the Department,
THE DEGREE OF DOCTOR OF PHILOSOPHY
The Departmental requirements for admission to candidacy for the degree of Doctor of Philosophy in Economics include: (1) satisfactory performance on written field examinations in price theory and monetary theory and banking and in one other field that, with the approval of the Department, may be a field outside of economics; (2) a well-rounded command of the subject-matter of the major fields of economics; (3) effective reading knowledge of French or German or some other foreign language approved by the Department; and (4) acceptance of the candidate’s thesis prospectus.
The Departmental requirements for the degree include in addition to the preceding requirements for admission to candidacy: (1) effective reading knowledge of a second foreign language or completion of an approved substitute program of study; (2) departmental approval of the completed thesis; and (3) satisfactory performance on a final oral examination on the field of the thesis.
SUMMER PROGRAM
FOR COLLEGE TEACHERS OF ECONOMICS
The Department of Economics will give particular attention in its Summer Quarter 1956 program to the interests of college teachers of economics, both those working for the Ph.D degree at another institution and others who wish to renew or to complement their training and experience in economics. A limited number of tuition and half-tuition scholarships will be available for teachers who do not hold the Ph.D. degree. (Application blanks for these scholarships may be obtained from the Department of Economics.) For those who hold the Ph.D. degree in Economics or related fields the Department invites application for guest privileges.
Courses of Instruction
INTERMEDIATE COURSES
208. A, B, C. The Elements of Economic Analysis. Aut (208A): Rees; Win (208B) Rees; Spr (208C): Cagan.
209. Intermediate Price Theory. Prereg: Math 150A or equiv. Aut: Lewis.
210. Index Numbers, National Accounting, and Economic Measurement. Prereq: Soc Sei 200A and Econ 209, or equiv. Aut: Christ.
213. Introduction to Mathematics for Economists. Prereq: Econ 209 and Math 150A, or equiv. Sum: Staff; Win: Theil.
220. Economic History of the United States. Spr: Hamilton.
240. Introduction to Industrial Relations. Win: Staff.
255. Introduction to Agricultural Economics. Prereq: Econ 208A and 208B, or equiv, Spr: Johnson.
260. Introduction to Government Finance. Prereq: Econ 208A and 208B, or equiv. Win: Bailey.
271. Economic Aspects of International Politics. Aut: Hoselitz.
299. Undergraduate Thesis Research. Prereq: consent of Departmental Secretary. Sum, Aut, Win, Spr: Staff.
ADVANCED COURSES
I. Price Theory
300. A, B. Price Theory. Prereg: For 300A, Econ 209 or equiv, and Math 150A or equiv, or consent of instructor; for 300B, 300A. Aut (300A): Friedman; Win (300A): Wallis; Spr (300B): Friedman.
301. Price and Distribution Theory (= Social Thought 382). Prereq: Econ 209. Sum: Knight.
302. History of Economic Thought (= Social Thought 381). Prereq: Econ 301 or equiv. Spr: Knight.
303. Recent Developments in Economics. Prereg: graduate work in economic theory. Sum: Harberger.
305. Economics and Social Institutions (= Philosophy 305). Prereg: Econ 301 and some European economic history. Sum: Knight.
308. Welfare Economics. Prereq: Econ 300A or equiv. Sum: Johnson.
309. Mathematical Economics. Prereq: Econ 213 and Econ 300A, or equiv. Win: Theil.
310. Special Topics in Mathematical Economics. Prereq: Econ 309, Math 150C, and the rudiments of matrix algebra; or consent of instructor. Spr: Theil.
II. Monetary Theory and Banking
303. Recent Developments in Economics. Prereg: graduate work in economic theory. Sum: Harberger.
330. Money. Prereg: Econ 208C or equiv. Aut: Staff.
331. Banking Theory and Monetary Policy. Prereg: Econ 330; Econ 335 desirable. Win: Cagan.
334. The Development of Monetary and Financial Institutions. Prereq: Econ 222 or 208C. Spr: Hamilton.
335. The Theory of Income, Employment, and the Price Level. Prereg: Econ 208A, B, C or equiv. Spr: Christ.
362. Monetary and Fiscal Policy. Prereg: Econ 208C; Econ 330 and 335 desirable. Spr: Harberger.
370. Monetary Aspects of International Trade. Prereg: Econ 330, 335, or equiv. Aut: Metzler.
439. Workshop in Money and Banking. An experiment in combining training in research and learning of subject-matter organized around a continuing investigation into monetary factors in business cycles. Students participate in this central investigation both directly and by undertaking individual projects in the general area. Each project is directed toward the preparation of a report of publishable quality. Guidance is provided on general reading in the field, and informal seminars are held from time to time to discuss general issues or specific projects. Students. are required to give full time to the workshop; they receive three credits per quarter of registration. Prereg: consent of instructor. Aut, Win, Spr: Friedman, Cagan.
III. Statistics
311. Principles of Statistical Analysis (= Business 321 and Statistics 301). Aut: Staff.
312. Techniques of Statistical Analysis (= Business 322 and Statistics 302). Prereg: Econ 311 or equiv. Win: Staff.
313. Applications of Statistical Analysis (= Sociology 308, Business 323, and Statistics 303). Prereq: Econ 312 or Stat 362 or equiv. Spr: Wallis.
314. Econometrics. Prereq: Econ 311 and either Econ 300A or Econ 335; Econ 210 desirable. Sum: Gustafson; Win: Christ.
315. Special Topics in Econometrics. Prereq: Econ 312, Econ 314, differential calculus, and rudiments of matrix algebra; or consent of instructor. Spr: Christ.
For other courses in statistics see page 203.
IV. Mathematical Economics and Econometrics
303. Recent Developments in Economics. Prereq: graduate work in economic theory. Sum: Harberger.
309. Mathematical Economics. Prereq: Econ 213 and Econ 300A, or equiv, Win: Theil.
310. Special Topics in Mathematical Economics. Prereq: Econ 309, Math 150C and the rudiments of matrix algebra; or consent of instructor. Spr: Theil.
314. Econometrics. Prereq: Econ 311 and either Econ 300A or Econ 335; Econ 210 desirable. Sum: Gustafson; Win: Christ.
315. Special Topics in Econometrics. Prereq: Econ 312, Econ 314, differential calculus, and rudiments of matrix algebra; or consent of instructor. Spr: Christ.
V. Economic History
320. American Economic Policies. Prereg: Econ 220 or equiv. Sum: Hamilton.
329A. The Geographical and Historical Background of the Genesis of Industrial Civilization (= Social Thought 324A and History 332G). Aut: Nef.
329B. The Role of the Discoveries and the Reformation in the Genesis of Industrial Civilization (= Social Thought 325A and History 332H). Spr: Nef.
334. The Development of Monetary and Financial Institutions. Prereg: Econ 222 or 208C. Spr: Hamilton.
VI. Labor Economics and Industrial Relations
340. The Labor Movement. Aut.
341. Labor Problems. Prereq: Econ 208A, 208B, and Econ 240; or equiv. Win: Rees.
344. Labor Economics. Prereq: Econ 300B. Spr: Lewis.
VII. Agricultural Economics
355A. Economic Organization for Growth (with particular reference to agriculture). Prereq: Econ 300A or equiv. Aut: Schultz.
355B. Economic Organization for Stability (with particular reference to agriculture). Prereq: Econ 300A or equiv. Spr: Schultz.
356. Income, Welfare, and Policy (with particular reference to agriculture). Prereg: Econ300A or equiv; Econ 300B and 355A recommended. Win: Johnson.
455. Seminar in Agricultural Economics. Prereq: consent of instructor. Aut, Win, Spr: Schultz, Johnson, Tolley, Gustafson.
VIII. Government Finance
360. Theory of Public Finance. Prereg: Econ 260 and Econ 300A, or consent of instructor, Aut: Bailey.
361. Public Finance in the American Economy. Prereq: Econ 300A; Econ 300B desirable. Win: Harberger.
362. Monetary and Fiscal Policy. Prereg: Econ 208C; Econ 330 and 335 desirable. Spr: Harberger.
IX. International Economic Relations
370. Monetary Aspects of International Trade. Prereq: Econ 330 and 335, or equiv. Aut: Metzler.
371. Economic Aspects of International Relations. Prereq: Econ 330 or equivalent. Win: Metzler.
372. Problems in Economic Development. Prereq: Econ 335 or equivalent, Econ 320 and 371 desirable. Spr: Hoselitz.
X. Economics of Consumption
381. Consumers and the Market (= Home Economics 341), Prereq: course in economic theory. Win: Reid.
383A. Consumption Levels (= Home Economics 343A). Prereq: course in statistics. Aut: Reid.
388. The Family in the American Economy (= Home Economics 348). Prereq: course in economic theory. Sum, Spr: Reid.
XI. Seminars and Workshops
439. Workshop in Money and Banking. Aut, Win, Spr: Friedman, Cagan.
455. Seminar in Agricultural Economics. Aut, Win, Spr: Schultz, Johnson, Tolley, Gustafson.
490. Research in Economics. Prereg: consent of Departmental Secretary, Sum: Staff.
498. Thesis Seminar. Registration may be made for one or more courses. Prereg: consent of Departmental Secretary. Sum, Aut, Win, Spr: Staff.
499. Individual Research. Registration may be made for one or more courses. Prereg: consent of Departmental Secretary. Sum, Aut, Win, Spr: Staff.
Source: University of Chicago Archives. George Stigler papers. Addenda. Box 31, Folder “7/87 Chic. School. GJS Folder. Lit., incl. “Pantaleoni?”, 1930 anti-tariff signers”.
