Almost fourteen years ago I was in the University of Chicago archives where I came across three boxes in Frank H. Knight’s papers containing his hand-written, three-by-five inch index card notes that covered presumably most, if not all, of his coursework at Cornell for the academic years 1914-15, 1915-16, and 1916-17. For some reason, I presume a time-constraint for that archival visit was involved, I did not copy the notes from his first year at Cornell (1913-14) to have a complete record of his graduate studies. This post provides an overview of the courses taken by Frank Knight and those professors who taught him. For his first year, we are all quite fortunate to have the story of Knight’s ex ante oeconomica life as told by Ross B. Emmett (2015) in his excellent, Frank H. Knight Before He Entered Economics (1885-1914).
The official Cornell course announcements were published in the Spring before the academic year began. This means there are a few discrepencies between the actual instructors identified by Knight and those found in the printed announcements. For example, Alvin Saunders Johnson left the Cornell faculty and was replaced by Thomas Sewell Adams and Herbert J. Davenport during the academic years 1915-16 and 1916-17.
Hopefully there will be time and energy later to provide summaries of course content from Knight’s detailed notes. Visitors are encouraged to sign up to receive future postings via email (see below).
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1913-14
Source: Announcement of the College of Arts and Sciences, 1913-14. Official Publications of Cornell University. Volume IV (May 15, 1913) Number 11.
Philosophy 11. Philosophical Results and Applications. First term, credit one hour. Prerequisite at least one course in philosophy. Professor [James Edwin] Creighton. S, 12, Goldwin Smith 225.
The purpose of the course is to show how philosophical ideas enter into other departments of thought and have a bearing on concrete problems of life and society. This will be illustrated by a consideration of certain aspects of the movement of thought and civilization in the nineteenth century.
Philosophy 19. The Development of Modern Philosophical Problems. First term, credit two hours. Prerequisite either course 1, 3, 5, 7, 17, 20, or 21. Professor [James Edwin] Creighton. T Th, 12, Goldwin Smith 225.
A review and an interpretation of the leading philosophical ideas of modern schools and systems, with the purpose of tracing the evolution of philosophical conceptions, especially during the nineteenth century, in the light of the various scientific, social, and religious problems with which they are connected.
Philosophy 20. History of Ethics, Ancient, Medieval, and Renaissance. First term, credit two hours. Professor [William Alexander] Hammond. M W, 11, Goldwin Smith 220.
Lectures and assigned readings. A history of moral ideals and reflection in antiquity, the Middle Ages, and the Renaissance, treated in connection with social and political institutions. Primarily for seniors and graduates.
Philosophy 21. History of Modem Ethics. Second term, credit two hours. Professor [Ernest] Albee. M W, 11, Goldwin Smith 220.
The history of modern ethics with special reference to the development of the commonly recognized methods of ethics. The history of British ethics will receive particular attention, as illustrating the gradual differentiation of ethics as an independent science of philosophical discipline. Primarily for graduates.
Philosophy 30. Empiricism and Rationalism. First term, credit three hours. Professor [Ernest] Albee. T Th S, 11, Goldwin Smith 220.
Lectures, discussions, and essays. The empirical movement as represented by Locke, Berkeley, and Hume, and the rationalistic movement as represented especially by Descartes, Spinoza, and Leibniz, with reference to their distinctive methods. Locke’s Essay (Bohn edition, 2 vols.), Hume’s Treatise of Human Nature (Clarendon Press), and Leibniz’s Philosophical Works (Duncan’s translation, Tuttle, Morehouse & Taylor, New Haven). Primarily for graduates.
Political Science 87. The History of Economic Theory. Throughout the year, credit three hours a term. Professor [Alvin Saunders] Johnson. T Th S, 9, Goldwin Smith 264.
It is the purpose of this course to trace the main currents of economic theory from the mercantilists writers to the present day. Chief emphasis will be laid upon the development of the individualistic economic doctrines in 18th century France and England; the conditions, economic and social, upon which they were based; the consolidation of the doctrines in classical economics; and the modifications they have undergone through the influence of historical and social political criticism.
Political Science 88. Value and Distribution. Throughout the year, credit two hours a term. Professor [Alvin Saunders] Johnson. Th, 2.30, Political Science Seminary.
This course is devoted to a study of the chief problems of current economic theory, including the nature, the value, and the laws of its growth, valuation of capital and capitalization, the interest problem, wages, profits, competition, and monopoly. The works of the chief contemporary authorities will be critically studied with a view to disclosing the basis of existing divergencies in point of view.
It is desirable that students registering for this course should have a reading knowledge of German and French.
“The course description for Value and Distribution dated back several years, to the period when Frank Albert Fetter had taught the course. Fetter had completed his doctorate at the University of Halle, and was deeply engaged with economic ideas emerging from the Austrian School of Economics. Carl Menger, often considered the founder of Austrian economics, had initiated a Methodenstreit with the historicist orientation of the German Historical School, whose work had deeply influenced American economists of the late 19th century (many of whom, like Fetter, had completed Ph.Ds. in Germany). When Fetter joined Cornell’s faculty in 1901, there was an existing course on distribution, but not one on price theory generally. There had been, however, a course in reading German economic literature from the Historical School. The course was designed to enable economics students to meet the foreign language requirements Cornell had established for doctoral candidates. Fetter introduced a course in economic theory (eventually called Value and Distribution) that required students to read significant texts by French, German, and Austrian economists such as Leon Walras, Werner Sombart, Eugene Böhm-Bawerk, and Friedrich Wieser in their original language, thereby satisfying simultaneously the Graduate School’s foreign language requirement. When Alvin Johnson arrived at Cornell in 1913 (at the same time as Frank did), he inherited Fetter’s course. But Johnson, a mid-westerner educated at Columbia by John Bates Clark, was aligned more with the Anglo-American tradition of economic theorizing than he was with either the German Historical School or the Austrian School. Thus, he ignored the language requirement. Frank’s notes from Johnson’s course on the History of Economic Theory (which did not have a foreign language requirement) tell us that, one day in class, Johnson said, ‘American and English books [on economics] may contain logical fallacies, but their facts are reliable. Facts and fiction [are] indistinguishable in books like Sombart’s.’ Johnson then suggested that the doctoral requirements for economics at Cornell (and elsewhere, presumably) should state ‘that student[s] should not read German’ (from the Frank Knight Papers, Box 2, Folder 1, quoted in Howey 1983, 169, emphasis in the original).
Source: Ross B. Emmett,Frank H. Knight Before He Entered Eonomics (1885-1914). 2015.
Not registered, but audited.
Philosophy 26. Advanced Ethics. Throughout the year, credit three hours a term. Professor [Frank] Thilly. Lectures, reading, discussion, and essays. M W F, 10, Goldwin Smith 220. Primarily for graduates. [Knight’s notes end in February]
Political Science 54b. State Administration. Second term, credit three hours. Prerequisite courses 53a, 53b. Professor [Samuel Peter Orth]. M W F, 11, Goldwin Smith 256.
A study of the American state; the county and the township; the powers and functions of administrative organs, boards, and commissions; judicial control. Lectures, readings, and reports. Each student will be required to make a detailed study of some particular state. [Ross Emmett believes this course corresponds to Knight’s notes that he examined]
1914-1915
Source: Announcement of the College of Arts and Sciences, 1914-15. Official Publications of Cornell University. Volume V (May 1, 1914) Number 10.
Philosophy 40. Seminary in Logic and Metaphysics. T, 3-5, Goldwin Smith 231. Professor [James Edwin] CREIGHTON and Dr. [William Kelley] WRIGHT.
[Portrait of William Kelley Wright from the 1926 Darmouth yearbook “Aegis”.]
The subject for 1914-15 will be a study of certain leading metaphysical problems in the light of recent investigations.
Philosophy 37. Seminary in Ethics. Investigation of special problems. Throughout the year, credit two hours a term, Professor [Frank] THILLY. Hours and room to be arranged.
Political Science 66a. The Labor Problem. First term, credit three hours. Prerequisite course 51. Professor [Alvin Saunders] JOHNSON. T Th S, 11. Goldwin Smith 264.
This course will present a systematic view of the progress and present condition of the working class in the United States and in other industrial countries; sketch the history and analyze the aims and methods of labor organizations; study the evolution of institutions designed to improve the condition of the working class; and compare the labor legislation of the United States with that of European countries.
Political Science 66b. Socialism. Second term, credit three hours. Prerequisite course 51, Professor [Alvin Saunders] JOHNSON. T Th S, 11, Goldwin Smith 264.
Due attention will be given in this course to the various forms of socialistic theory. Its main object, however, is to describe the evolution of the socialist movement and the organization of socialistic parties, to measure the present strength of the movement, and to examine in the concrete its methods and aims.
Political Science 76a. Elementary Statistics. First term, credit three hours. Prerequisite course 51. Professor [Walter Francis] WILLCOX. T Th S, 9, Goldwin Smith 256. Laboratory, W, 2-4, Goldwin Smith 259.
An introduction to census statistics with especial reference to the federal census of 1910, and to registration statistics with especial reference to those of New York State and its cities. The course gives an introduction to the methods and results of statistics in these, its best developed branches.
Political Science 76b. Economic Statistics. Second term, credit three hours. Prerequisite course 51. Professor [Walter Francis] WILLCOX. T Th S, 9. Goldwin Smith 256. Laboratory, W, 2-4, Goldwin Smith 259.
A continuation of course 76a, dealing mainly with the agricultural and industrial statistics of the United States. Mature students that have not already had course 76a or its equivalent may be admitted by special permission. The course is an introduction to statistics in its application to more difficult fields, such as production. wages, prices, and index numbers.
Political Science 90. Research in Statistics. Throughout the year, credit to be arranged. Professor [Walter Francis] WILLCOX.
[Knight describes this as “afternoon session for Grad studs.”
Political Science 65a. The Industrial Revolution in England, 1700 to 1850. First term, credit three hours. Prerequisite course 51, previously or concurrently, or work in European history. Assistant Professor [Abbott Payson] USHER. M W F, 12. Goldwin Smith 264.
The topography and resources of England, the Industrial Revolution, commercial expansion in the 18th century. the history of the Bank of England, the rise of London as a world metropolis.
Political Science 65b. Social and Economic Problems of the 19th Century in England. Second term, credit three hours. Prerequisite course 51, previously or concurrently. Professor [Abbott Payson] USHER. M W F, 12. Goldwin Smith 264.
The course can be followed most profitably by students who have taken course 65a, but it may be elected independently. The history of English agriculture, 1700 to 1907; the poor laws, 1834 and 1909; the coming of free trade. 1776 to 1846; railroads and rate-making; Germany and the industrial supremacy of England.
1915-1916
Source: Announcement of the College of Arts and Sciences, 1915-16. Official Publications of Cornell University. Volume VI (May 1, 1915) Number 10.
Political Science 87. Principles of Economics. Throughout the year, credit three hours a term. Professor [Alvin Saunders] JOHNSON [Apparently taught by Thomas Sewall Adams]. M W F, 11, Goldwin Smith 264. Prerequisite course 51 or its equivalent.
[Photo of T. S. Adams from the University of Wisconsin Badger of 1916]
An advanced course in general economics, based upon Marshall’s Principles of Economics as a text. Especial attention will be given in this course to the laws of value and price, of wages, interest, and profit.
Political Science 64. Money and Banking. Throughout the year, credit three hours a term. Prerequisite course 51. Professor [Allyn Abbott] Young. T Th S, 10, Goldwin Smith 142.
A discussion of the more important phases of the theory of money and credit is followed by a consideration of selected practical problems, including the revision of the American banking system. Practical work is required in the analysis of the controlling conditions of the money market, of organized speculation in securities, and of foreign exchange.
Political Science 55a. Elementary Social Science. First term, credit three hours. Course 51 should precede or be taken with this course. Professor [Walter Francis] WILLCOX. T Th S, 9, Goldwin Smith 256.
An introductory course upon social science or sociology, its field and methods, with special reference to the human family as a social unit, to be studied by the comparative, the historical, and the statistical methods.
Political Science 55b. Elementary Social Science. Second term, credit three hours. Course 51 should precede or be taken with this course. Professor [Walter Francis] WILLCOX. T Th S, 9, Goldwin Smith 256.
A continuation of the preceding course but with especial reference to the dependent, defective, and delinquent classes. Open to all who have taken 55a and by special permission to others.
Knight’s note cards for lectures on “Valuation” are dated for either Monday or Tuesday meetings, but no more than one meeting per week. Notes for 21 meetings twelve on Mondays, nine on Tuesdays. So presumably his notes on valuation come from the following scheduled seminar courses.
Political Science 92. Research in Finance. Throughout the year, credit two or three hours a term. Professor [Allyn Abbott] YOUNG [and Thomas Sewall Adams]. T, 2.30. Goldwin Smith 269.
Individual or coöperative investigations of selected problems in money, banking, and corporation finance, in connection with lectures upon the sources of information and upon the use of appropriate methods of investigation.
Political Science 99. General Seminary. Throughout the year, credit two hours a term. Conducted by members of the department. M., 2.30-4.30, Political Science Seminary. Open only to graduate students
1916-1917
Source: Announcement of the College of Arts and Sciences, 1916-17. Official Publications of Cornell University. Volume VII (April 15, 1916) Number 10.
[1916-17 announcement] Political Science 51. Elementary Economics. Throughout the year, credit three hours a term. One lecture and two recitations each week Lectures, M, 9; repeated M, 11. Barnes Auditorium. Assistant Professor TURNER. Recitations, T Th, 8, 9, 10, 11, 12; W F, 8, 9, 10, 11, 12. Assistant Professor [Abbott Payson] USHER, Mr. CAMPBELL, Dr. WOODBURY, Mr. [Charles Roland] HUGINS and Mr. [Clarence Cameron] KOCHENDERFER. Section assignments made at the first lecture.
From the Proceedings of the Cornell Board of Trustees Meeting of May 20, 1916 “J.R. Turner, Assistant Professor of Economics resigned effective June 30”. Also note resignations of Mr. Campbell and Dr. Woodbury. So they are struck out above. Comparing this to the announcement for the staffing of the course in 1917-1918. We see that Davenport was named as lecturers with assistant professor Reed, instructor Knight, and assistant Working appearing as well. Knight’s notes for the 1916-1917 lectures explicitly mention Davenport.
[1917-18 announcement] Political Science 51. Elementary Economics. Throughout the year, credit three hours a term. One lecture and two recitations each week. M, 9; M, 11. Barnes Auditorium. Professor [Herbert Joseph] DAVENPORT. Recitations, T Th, 8, 9, 10,11, 12; W F, 8, 9, 10, 11, 12. Assistant Professors [Abbott Payson] USHER and [Harold Lyle] REED, Dr. [Frank Hyneman] KNIGHT, Mr. [Charles Roland] HUGINS, Mr. [Clarence Cameron] KOCHENDERFER, and Mr. [Holbrook] WORKING. Section assignments made at the first lecture.
An introduction to economics including a survey of the principles of value, money, banking, and prices; international trade; free trade and protection, wages and labor conditions; the control of railroads and trusts; socialism, principles and problems of taxation.
Political Science 57b. Lectures on Citizenship. Second term, credit two hours. M W, 12, Goldwin Smith B.
A lecture each Monday by a non-resident lecturer and each Wednesday by a member of the Department. The course has been arranged by a committee of Alumni who are actively engaged in civic and social work and who are coöperating in this way with the Department. It will follow the same general plan as last year, but the speakers and most of the subjects treated will be changed.
The course will be under the general charge of Professor Orth. Reading, reports, and essays will be required.
Political Science 88. Value and Distribution. Throughout the year, credit two hours a term. Professor [Alvin Saunders] JOHNSON. F, 2.30, Political Science Seminary.
[Johnson had resigned from the faculty, notes indicate that Davenport led the seminary that Knight has notes from October 21, 1916 through February 3, 1917.]
A study of the chief problems of current economic theory. The works of the chief contemporary authorities will be critically studied with a view to disclosing the basis of existing divergencies in point of view. It is desirable that students registering for this course should have a reading knowledge of German and French.
Political Science 89. Mathematical Economics. Throughout the year, credit two hours a term. Professor [Allyn Abbott] YOUNG. Hours to be arranged.
The use of mathematics in economic analysis, with special reference to the work of Cournot, Jevons, Edgeworth, Walras, Pareto, Auspitz and Lieben, and Fisher. Primarily for graduates.
Political Science 63a. Corporation Finance. First term, credit three hours. Prerequisite course 51. Professor [Allyn Abbott] YOUNG. T Th S, 11, Goldwin Smith 256.
A study of the business corporation, with special reference to its economic significance and effects and to the problems of its legal control, including an analysis of the financial operations of railroads, public utilities, and industrial corporations.
History 54. Economic History of the Colonies, 1600 to 1800. First term, credit three hours. Professor [Charles Henry] HULL. T Th S, 9, Goldwin Smith 234.
Colonization and settlement as business enterprises: the agricultural conquest of the coast: the competition between slave, indentured, and free labor; the commerce of the British Empire and its relation to the American Revolution. Textbooks, reading. reports, and lectures.
History 55. Economic History of the United States, since 1800. Second term, credit three hours. Professor [Charles Henry] HULL. T Th S, 9, Goldwin Smith 234.
Commerce during the European wars; the introduction of manufactures; the westward movement; industrial differentiation of the sections; agriculture for export; the amalgamation of railways and the combination of industries. Textbooks, reading, reports, and lectures.
Philosophy ??. Seminary of Professor [James Edwin] Creighton.
[Note cards for eight sessions in April and May 1917]
Image Source: Portrait of Frank Knight (1930 Fellow) at the John Simon Guggenheim Foundation website. Most of the professors’ portraits were found in the Cornell Classbook (various years). Many of the portraits have been digitally enhanced by Economics in the Rear-view Mirror.
