Categories
Courses Harvard Syllabus

Harvard. Undergraduate Economic Theory (Shorter Course). Monroe, 1937-8

Arthur Eli Monroe was a 100% Harvard man from his undergraduate days through his retirement: a member of the Harvard class of 1908; at various times (senior) lecturer and (senior) tutor of economics in Kirkland House; held the rank of assistant professor of economics from 1922/23 through 1927-28; and served as managing editor of the Quarterly Journal of Economics through the May 1948.

Monroe’s 1918 Ph.D. dissertation was published as Monetary Theory before Adam Smith (Harvard University Press, 1923). He edited a collection of writings from Aristotle through Hume in Early Economic Thought (1924). He published Value and Income (Harvard University Press, 1931) that is among the assigned readings for the course below.

Published biographical detail is pretty scarce. From his passport application (submitted in April 1922) we find that Monroe was born in West Brookfield, Massachusetts on August 2, 1885. His father Eli Monroe was born in Canada and emigrated to the United States in 1859. His mother (born in Vermont according to the U.S. Census), was Louise Arsino. He listed France, Italy, Switzerland, Germany, Austria, Belgium, Holland, and Czechoslovakia as the countries he intended to visit leaving on the Laconia from the port of Boston May 31, 1922. Monroe’s World War II Draft Registration Card (April 26, 1942) lists him as being 5-7 ½ inches tall, weighing 140 lbs., and having a ruddy complexion. I have been unable to determine exactly when and where Monroe died. He was still listed among the American Economic Association members as of 1966, having an address in Cambridge, Massachusetts, but he was no longer listed in 1969.

The “longer” undergraduate course in economic theory at Harvard (2 semesters) was taught by Edward Chamberlin, Economics 1. Interesting to note in Monroe’s course are the seven chapters assigned from Keynes’ General Theory already in December 1937.

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[Course description]

Economics 2a 1hf. Economic Theory (shorter course)

Half-course (first half-year). Mon., Wed., and (at the pleasure of the instructor) Fri., at 10. Dr. Monroe.

 

Source: Harvard University. Announcement of the Courses of Instruction offered by the Faculty of Arts and Sciences during 1937-38 (2nd edition). Official Register of Harvard University, Vol. 34, No. 44 (October 1, 1937), p. 148.

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[Course enrollment]

[Economics] 2a 1hf. Dr. Monroe.—Economic Theory (shorter course).

9 Seniors, 53 Juniors, 6 Sophomores, 1 Freshman, 6 Other.   Total 75.

 

Source: Harvard University. Report of the President of Harvard College and Reports of Departments for 1937-38, p. 84.

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ECONOMICS 2a
1937-38

October:

A. E. Monroe: Value and Income.

Chs. 5, 6, 7, 8

J. B. Clark: The Distribution of Wealth.

Chs. 8, 9, 12, 13, 19, 21, 22

Irving Fisher: The Theory of Interest

Chs. 4, 5, 6, 7

 

November:

J. R. Hicks: The Theory of wages

Chs. 1, 2, 5, 6

A. E. Monroe: Quarterly Journal of Economics

August, 1933, pp. 627-646

A. E. Monroe: Value and Income

Chs. 3 (secs. 1 and 2), 11, 13, 15

 

December:

F. H. Knight: Risk, Uncertainty and Profit

Chs. 7, 8, 9, 10

J. M. Keynes: The General Theory of Employment, Interest and Money

Chs. 2, 3, 10, 11, 13, 14, 19

 

Reading Period: One of the following:

A. Gray: The Development of Economic Doctrine

Chs. 1, 2, 3, 4, 5, 6, 8, 9

A. G. B. Fisher: The Clash of Progress and Secuirty

Entire

P. T. Homan: Contemporary Economic Thought

Essays on Veblen, Marshall, Mitchell

 

Source: Harvard University Archives. Syllabi, course outlines and reading lists in Economics, 1895-2003 (HUC 8522.2.1), Box 2, Folder “1937-1938”.

Image Source: Harvard Album 1942.

 

Categories
Columbia Economists

Columbia. E.R.A. Seligman, biographical sketch. 1899

A later memoir composed by E. R. A. Seligman was published in 1929 in German: Felix Meiner, ed.  Die Volkswirtschaftslehre der Gegenwart: Selbstdarstellungen, Leipzig. According the U.S. Library of Congress record, three volumes were originally projected in this series. It appears that only two were ever published. [Vol. 1, 1924]: Eduard Bernstein, Karl Diehl, Heinrich Herkner, Karl Kautsky, Robert Liefmann, Heinrich Pesch S.J.,  Julius Wolf.  [Vol. 2, 1929]:  Irving Fischer [sic], Achille Loria, Franz Oppenheimer, Edwin A. Seligman, Camillo Supino, Leopold v. Wiese. 

A typed English draft copy of Seligman’s memoir (39 pages) is located in the Columbia University Archives: Joseph Dorfman papers, Box 52, Folder “E. R. A. Seligman, Biography published (in German) Volkswirtschaftslehre, Leipzig, 1931 [sic]”. This copy has been edited by Pier Francesco Asso and Luca Fiorito and published:

Edwin Robert Anderson Seligman (2006), Autobiography, in Warren J. Samuels (ed.) Documents from and on Economic Thought (Research in the History of Economic Thought and Methodology, Volume 24 Part 3) Emerald Group Publishing Limited, pp.149 – 187.

The short posting below along with the portrait comes from Seligman’s entry in the second volume of the reference work Universities and their Sons published in 1899.

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SELIGMAN, Edwin Robert Anderson, 1861-

Born in New York City, 1861; received his early education privately and at the Columbia Grammar School; A. B., Columbia, 1879; studied abroad during 1879-82; attended Columbia Law School and Columbia School of Political Science in 1882-84; A.M., 1883; LL.B., 1884; Ph.D., 1885; appointed Prize Lecturer on History of Political Economy at Columbia School of Political Science, 1885; Adjunct Professor of Political Economy, Columbia, 1888; Professor of Political Economy and Finance, 1891; has been on Board of Editors of Political Science Quarterly since 1886; Editor of Columbia Series in History, Economics and Public Law since 1891.

EDWIN ROBERT ANDERSON SELIGMAN, Ph.D., Professor at Columbia, was born in the City of New York April 25,1861. His father, Joseph Seligman, a native of Germany, had been educated in German Universities as a physician, but came to the United States as a young man and engaged in business in New York, ultimately founding the banking firm of J. & W. Seligman & Company. The subject of this sketch was educated at home until the age of eleven, under the direction of Horatio Alger, Jr., the celebrated author of fiction for the young. In 1872 he entered Columbia Grammar School, meanwhile studying French, German and music under private tutors. Graduating from there in 1875, he entered Columbia, taking his degree in 1879. In the same year he went abroad, and passed the three following years in the study of history, political science and jurisprudence in Paris and at the Universities of Berlin, Heidelberg and Geneva. He returned to America in 1882, and for two years attended Columbia Law School and Columbia School of Political Science, taking the degree of Master of Arts in 1883 and that of Bachelor of Laws in 1884. In July 1885 he was appointed Prize Lecturer on the History of Political Economy in the Columbia School of Political Science, receiving the degree of Doctor of Philosophy. Three years later he was made Adjunct Professor of Political Economy in the University, and in 1891 was promoted to the Professorship of Political Economy and Finance. Professor Seligman is the author of many works dealing with subjects connected with his profession. Among the most important are: Progressive Taxation in Theory and Practice [1894]; Essays in Taxation (now in second edition); The Shifting and Incidence of Taxation (now in second edition) [first edition 1895; fourth edition, 1903; seventh edition 1915; eighth edition 1913; ninth edition 1921]; Owen and the Christian Socialists [1886]; Railway Tariffs and the Inter-state Commerce Law [1887], Two Chapters on the Mediaeval Guilds of England [1887]; Finance Statistics of the American Commonwealths; The Commercial Policy of the United States of America, published in the Schriften des Vereins für Socialpolitik of Germany in 1892; and numerous articles in the leading scientific journals of this country and abroad. He has been a member of the Board of Editors of the Political Science Quarterly since 1886, and Editor of the Columbia Series in History, Economics and Public Law since 1891. He has also been since 1895 one of the Board of Managers of the School of Classical Studies in Rome. He married April 4, 1888, Caroline Beer. They have two children. Professor Seligman is the member of very many clubs and organizations, principally scientific, among them the Arts, Authors’, City and Political Economy Clubs, the Phi Beta Kappa, the Columbia Alumni Association, the American Economic Association, of which he was Treasurer from 1888 to 1892, the British Economic Association, the American Statistical Association, the American Historical Association, the American Academy of Political and Social Science, the American Geographical Society, the Metropolitan Museum of Art, the Society of American Sculptors, the Society for Ethical Culture, the Archaeological Institute, the University Settlement Society, the New York Philharmonic Society. He is also a corresponding member of the Russian Imperial Academy of Science. He is deeply interested in the betterment of the condition of the poor in New York City, and was formerly on the Board of Managers of the Charity Organization Society. He is still a member of that Society, is President of the Tenement House Building Company, Chairman of the Committee on Education of the Educational Alliance, a member of the Sanitary Aid Society, of which he has been Secretary, a member of the People’s Institute, and of the Social Reform Club. He is a staunch friend of good government, and has taken an active part in the various movements looking to the overthrow of Tammany Hall, having been a member of the Committee of Seventy in 1895 and the Committee of Two Hundred and Fifty in 1897, the first of which brought about the election of William L. Strong as Mayor of New York City on a reform platform. He is also a member of the Civil Service Association, and of the Excise Reform Association. Professor Seligman also sympathizes with the University Extension work, and is a member of the University Settlement Society.

Source: Universities and their Sons, Vol. 2 (1899), pp. 484-6.

 

Categories
Bibliography Chicago Socialism

Chicago. Skelton bibliography from “Socialism: A Critical Analysis”, 1911

The following bibliography comes from the revised version of the University of Chicago Ph.D. dissertation of the Canadian, Oscar D. Skelton (1878-1941), that was awarded the Hart, Schaffner and Marx prize in 1908. The prize committee was composed of  J. Laurence Laughlin of the University of Chicago (chair), J.B. Clark of Columbia University, Henry C. Adams of the University of Michigan, Horace White of New York City and Carroll D. Wright of Clark College. Skelton attended courses taught by Thorstein Veblen whose work on Marxian economics is (unsurprisingly) cited in this bibliography. 

Following  his graduate studies in economics at Chicago, Oscar D. Skelton was a professor of political science and economics at Queen’s University in Kingston, Ontario from 1909-25. He then moved on to have a distinguished career as a public servant, serving as undersecretary of state for external affairs.

Image Source: Library and Archives Canada C-002089, copy at Wikimedia Commons.

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Source:  Oscar D. Skelton. Socialism: A Critical Analysis, Boston and New York: Houghton Mifflin Company, 1911, pp. 313-322.

 

BIBLIOGRAPHY

Of the making of books on socialism there is no end. The list of references given below is suggested as including the most important and most easily accessible works on the various phases of the movement. The pamphlets and periodicals issued by the party organizations in the different countries are indispensable for an intimate acquaintance with contemporary developments.

In Germany special reference may be made to the weekly organ of the orthodox wing, Die Neue Zeit (Stuttgart), the fortnightly reformist publication, Socialistische Monatshefte (Berlin), and among the seventy-odd socialist dailies of Germany, Vorwärts (Berlin); consult also the extensive catalogue of books and pamphlets issued by Buchhandlung Vorwarts, Berlin, S. W. 68, Lindenstr. 69. The Reichsverband gegen die Sozialdemokratie and the political parties opposed to socialism, publish many campaign documents.

For France, attention should be given the reformist monthly, La revue socialiste, and the syndicalist monthly, Le mouvement socialiste; the weekly organ of Guesdism, Le Socialisme, and the party official publication, Le Socialiste; the anarcho-syndicalist La guerre sociale, and the daily, L’Humanité, edited by Jaurès; pamphlets may be procured from the Librairie du Parti Socialiste, 16 rue de la Corderie, 16, Paris.

In Great Britain the most important publications are the Socialist Review, the monthly, and the Labor Leader, the weekly, organs of the I. L. P.; the S. D. P. weekly, Justice, and Blatchford’s Clarion; the Christian Socialist weekly, The Commonwealth, and the Fabian News; both the I. L. P.and the S. D. P., maintain publishing departments, in Manchester and London respectively. The Anti-socialist Union of Great Britain, 38, Victoria St., London, S. W., publishes a monthly, Liberty, and numerous pamphlets.

For the United States, use may be made of the International Socialist Review, monthly, Chicago; the weekly Appeal to Reason, Girard, Kansas, and Social-Democratic Herald, Milwaukee; the Chicago Daily Socialist and the New York Call (daily). Charles Kerr and Company, Chicago, the Wilshire Book Company, New York, and the Socialist Party Headquarters, Chicago, are the chief American publishers of socialist books and pamphlets.

For references to the literature on the countless social topics bearing indirectly on socialism, the general reader will find most help in Bliss, New Encyclopedia of Social Reform, New York, 1908, and in the carefully annotated bibliography, Guide to Reading in Social Ethics and Allied Subjects, Harvard University, Cambridge, 1910.

 

 

Chapter I. General Works

 

1. Non-partisan expositions; Kirkup and Sombart are especially sympathetic and comprehensive in their treatment:

Ely, Socialism and Social Reform. New York, 1894.

Kirkup, A History of Socialism, 4th edition. London, 1908.

Rae, Contemporary Socialism, 3d edition. London, 1901.

Schäffle, The Quintessence of Socialism. London, 1889.

Sombart, Socialism and the Social Movement. New York, 1909.

Stoddart, The New Socialism. London, 1909.

 

2. Exposition and argument from socialist point of view:

Blatchford, Merrie England. London, 1895.

________, Britain for the British. London, 1902.

Cohen, Socialism for Students. New York, 1910.

Fabian Essays. London, 1890.

Fabian Tracts, 1-136. London, 1907.

Ferri, Socialism and Positive Science. London, 1905.

Hillquit, Socialism in Theory and Practice. New York, 1909.

Kelly, Twentieth Century Socialism. New York, 1910.

Macdonald, Socialism. London, 1907.

________, Socialism and Society. London, 1907.

Morris and Bax, Socialism: its growth and outcome. London, 1897.

Spargo. Socialism. New York, 1906.

________, The Socialists: who they are and what they stand for. Chicago, 1906.

Tugan-Baranowsky, Modern Socialism in its historical development. London, 1910.

Wells, New Worlds for Old. New York, 1908.

 

3. Exposition and criticism from anti-socialist point of view:

Cathrein-Gettlemann, Socialism. New York, 1904.

Elgee and Raine, The Case against Socialism. London, 1908.

Flint, Socialism. London, 1894.

Graham, Socialism New and Old. London, 1907.

Guyot, Socialistic Fallacies. New York, 1910.

Leroy-Beaulieu, Collectivism. New York, 1908.

Le Rossignol, Orthodox Socialism: a Criticism. New York, 1907.

Mackay, Plea for Liberty. London, 1892.

Mallock, A Critical Examination of Socialism. London, 1908.

 

 

Chapter II. The Socialist Indictment

Brooks, The Social Unrest. New York, 1905.

Call, The Concentration of Wealth. Boston, 1907.

Chiozza-Money, Riches and Poverty, 7th edition. London, 1908.

Engels, Condition of the Working Class in England in 1844. London, 1892.

Ghent, Mass and Class. New York, 1904.

Göhre, Three Months in a Workshop. London.

Hobson, The Social Problem. London, 1901.

Hunter, Poverty. New York, 1907.

Ladoff, American Pauperism. Chicago.

Meyer, Great American Fortunes. Chicago, 1910.

Rauschenbusch, Christianity and the Social Crisis. New York, 1908.

Reeve, The Cost of Competition. New York, 1906.

Veblen, Theory of Business Enterprise. New York, 1904.

 

Chapter III. The Socialist Indictment Considered

Bosanquet, Aspects of the Social Problem. London, 1898.

________, Civilization of Christendom. London, 1893.

Gilman, Socialism and the American Spirit. London, 1893.

Ireson, The People’s Progress. London, 1909.

Laughlin, Socialism a Philosophy of Failure. Scribner’s Magazine, xlv.

________, Large Fortunes. Atlantic Monthly, xcvi.

Leroy-Beaulieu, The Modern State. London, 1891.

La Répartition de la Richesse. Paris, 1888.

Mallock, Labour and the Popular Welfare. London, 1893.

________, Classes and Masses. London, 1896.

________, Aristocracy and Evolution. London, 1901.

Strachey, Problems and Perils of Socialism. London, 1908.

Sumner, What Social Classes owe to each other. New York, 1884.

 

 

Chapter IV. Utopian Socialism

Utopian sources:

More, Utopia. Ed. Arber, London, 1869.

Morley, ed., Ideal Commonwealths. London, 1885

Campanella, City of the Sun;
Bacon, The New Atlantis;
Harrington, Oceana.

Mably, De la Législation. Paris. 1776.

Morelly, Code de la Nature. Paris, 1755.

Godwin, Enquiry concerning Political Justice. London, 1793.

________, On Property. (Book VIII of preceding work.) London, 1890.

Babeuf, La Doctrine des Égaux. Edited by Thomas. Paris, 1906.

Owen, New View of Society. London, 1816.

________, New Moral World. London, 1834-41.

Fourier, Théorie de Unité universelle. 2d edition. Paris, 1838.

________, Le Nouveau Monde industriel et societaire. 3d edition. Paris, 1848.

________, Selections from Fourier. Edited by Gide. London, 1901.

Considérant, Destinée sociale. Paris, 1836-38.

Saint-Simon, OEuvres de Saint-Simon et d’Enfantin. Paris, 1865-78.

Bazard, Exposition de la doctrine de Saint-Simon. Paris, 1830-31.

Pecqueur, Des améliorations materielles dans leurs rapports avec la liberté. Paris, 1839.

Vidal, De la répartition des richesses et de la justice distributive. Paris, 1846.

Weitling, Garantien der Harmonie und Freiheit. Jubilee edition. Berlin, 1908.

Blanc, L’Organisation du travail. Paris, 1839.

Proudhon, What is Property? Boston, 1876.

Commentaries:

Barker, Political Thought of Plato and Aristotle. London, 1906.

Bax, Rise and Fall of the Anabaptists. London, 1903.

Booth, Saint-Simon and Saint-Simonism. London, 1871.

Bourgin, Proudhon. Paris, 1901.

Buonarotti, History of Babeuf’s Conspiracy for Equality. London, 1836.

Diehl, Proudhon: seine Lehre und sein Leben. 1888-90.

Ely, French and German Socialism. New York, 1893.

Fournière, Les théories socialistes au xixe siecle: de Babeuf à Proudhon. Paris, 1904.

Guthrie, Socialism before the French Revolution. New York, 1907.

Janet, Les Origines du socialisme contemporain. Paris, 1883.

________, Saint-Simon, et le Saint-Simonisme. Paris, 1878.

Kautsky, Die Vorlaufer des neueren Sozialismus. 2d edition. Stuttgart, 1909.

________, Thomas More und seine Utopie. Stuttgart, 1907.

Lichtenberger, Le Socialisme au xviiie siècle. Paris, 1895.

________, Le socialisme utopique. Paris, 1898.

Menger, The Right to the Whole Produce of Labour. London, 1899.

Michel, L’Idee de l’État. Paris, 1896.

Peixotto, The French Revolution and Modern French Socialism. New York, 1901.

Podmore, Robert Owen. London, 1906.

Pöhlmann, Geschichte des antiken Kommunismus und Sozialismus. Munich, 1893.

Stein, Der Sozialismus und Kommunismus des heutigen Frankreichs, Leipzig, 1848.

Sudre, Histoire du Communisme. Paris, 1850.

Tchernoff, Louis Blanc. Paris, 1904.

Warschauer, Die Entwickelungsgeschichte des Sozialismus. Berlin, 1909.

Reybaud, Études sur les Réformateurs contemporains ou socialistes modernes. 7th edition. Paris, 1864.

 

Utopian experiments:

Hillquit, History of Socialism in the United States. 4th edition. New York, 1906. Hinds, American Communities. Chicago, 1908.

Nordhoff, Communistic Societies in the United States. New York, 1875.

Noyes, American Socialisms. Philadelphia, 1870.

Shaw, Icaria: a Chapter in the history of Communism. New York, 1881.

Chapters V, VI, VII. The Marxian Analysis

Sources:

Marx, Capital, vols. 1-3. Chicago, 1906-09.

________, Capital, vol. 1. Humboldt edition (cited in text). New York.

________, Contribution to a Critique of Political Economy. New York, 1904.

________, Eighteenth Brumaire of Louis Bonaparte. Chicago, 1907.

________, Poverty of Philosophy. London, 1900.

________, Revolution and Counter-Revolution. Chicago, 1907.

________, Theorien über die Mehrwert. Stuttgart, 1904.

________, Wage-Labour and Capital. London, 1907.

Marx and Engels, Communist Manifesto. London, 1906.

Engels, Feuerbach: Origins of the Socialist Philosophy. London, 1906.

________, Landmarks of Scientific Socialism (Anti-Duhring). London, 1907.

________, Origin of the Family. London, 1907.

________, Socialism, Utopian and Scientific. London, 1892.

Lassalle, Reden und Schriften, ed. Bernstein. Berlin, 1893.

________, Open Letter. New York, 1901.

________, Workingman’s Programme. New York, 1899.

Mehring, Aus dem literarischen Nachlass von Karl Marx, Friedrich Engels und Ferdinand Lassalle. Stuttgart, 1902.

 

Socialist Commentaries:

Adler, Marx als Denker. Berlin, 1909.

Adler and Hilferding, Marx-Studien. Vienna, 1904.

Andler, Le Manifeste Communiste, introduction et commentaire, Paris, 1901.

Aveling, The Student’s Marx. 4th edition. London, 1902.

Boudin, Theoretical System of Karl Marx. Chicago, 1907.

Deville, Principes socialistes. Paris, 1896.

Hyndman, Economics of Socialism. London, 1909.

Kautsky, Das Erfurter Programm. 8th edition. Stuttgart, 1907.

________, Karl Marx’ Oekonomische Lehren. 12th edition. Stuttgart, 1908.

________, Die historische Leistung von Karl Marx. Berlin, 1908.

Spargo, Karl Marx: His Life and Work. New York, 1909.

Untermann, Marxian Economics. Chicago, 1907.

 

Criticism by non-socialists:

Adler, Die Grundlagen der Karl Marxschen Kritik der bestehenden Volkswirtschaft. Tübingen, 1897.

Biermann, Die Weltanschauung des Marxismus. Leipzig, 1908.

Hammacher, Das philosophisch-ökonomische System des Marxismus. Leipzig, 1909.

Masaryk, Die philosophischen und sociologischen Grundlagen des Marxismus. Vienna, 1899.

Simkhovitch, Marxism versus Socialism. Political Science Quarterly, vol. 23-25, 1908-10.

Slonimski, Versuch einer Kritik der Karl Marxschen ökonomischen Theorieen. Berlin, 1899.

Veblen, The Socialist Economics of Karl Marx and his Followers. Quarterly Journal of Economics, xx, 575, and xxi, 299.

 

Criticism by revisionist socialists:

Bernstein, Evolutionary Socialism. London, 1909.

________, Zur Geschichte und Theorie des Socialismus. Berlin, 1901.

________, Der Revisionismus in der Sozialdemokratie. Amsterdam.

Oppenheimer, Das Grundgesetz der Marxschen Gesellschaftslehre. Berlin, 1903.

Tuqan-Baranowskt, Theoretische Grundlagen des Marxismus. Leipzig, 1905.

Weisengrün, Der Marxismus und das Wesen der sozialen Frage. Leipzig, 1900.

Cf. especially the files of Socialistische Monatshefte.

 

In addition to the above general discussions of Marxism, the following special references are helpful:

On the materialistic conception of history:

Barth, Die Philosophie der Geschichte als Sociologie. Leipzig, 1897.

Bax, Essays in Socialism, New and Old. London, 1907.

Commons, Class Conflict in America. American Journal of Sociology, vol. 13.

Kautsky, Ethics and the Materialistic Conception of History. Chicago, 1907.

Labriola, Essays on the Materialistic Conception of History. Chicago, 1904.

Lafargue, Le déterminisme économique de Karl Marx. Paris, 1909.

Loria, Economic Foundations of Society. London, 1907.

Stammler, Wirtschaft und Recht nach der materialistischen Geschichtsauffassung. Leipzig, 1896.

Woltman, Der historische Materialismus. Düsseldorf, 1900.

Flint, Philosophy of History in Europe. Edinburgh, 1874.

Of these Kautsky, Labriola, Lafargue, and Loria defend the Marxian position.

 

On value and surplus value:

Böhm-Bawerk, Karl Marx and the Close of his System. London, 1898.

Fischer, Die Marxsche Werttheorie. Berlin, 1889.

Lexis, The Concluding Volume of Marx’s Capital, in Quarterly Journal of Economics, vol. 10, 1895.

Schmidt, Der dritte Band des Kapital. Sozialpol. Zentralblatt, iv, no. 22.

Sombart, Zur Kritik des ökonomischen Systems von Karl Marx. Archiv für Soziale Gesetzgebung, u. s. w., vii, 1894.

von Bortkiewicz, Wertrechnung und Preisrechnung im Marxschen System. Archiv für Sozialwissenschaft und Sozialpolitik, xxiii-xxv.

Cf. especially the files of Die Neue Zeit, and bibliography by Sombart in Archiv für Sozialwissenschaft, etc., xx, 413.

 

On the law of capitalist development:

Beveridge, Unemployment: a Problem of Industry. London, 1909.

Bourguin, Les systèmes socialistes et l’évolution économique. Paris, 1907.

David, Sozialismus und Landwirtschaft: 1. Die Betriebsfrage. Berlin, 1903.

Kautsky, Die Agrarfrage. Stuttgart, 1899.

________, Bernstein und das sozialdemokratische Programm. Stuttgart, 1899.

Kampffmeyer, Zur Kritik der Marxschen Entwickelungslehre. Sozialistische Monatshefte, 1898.

Simons, The American Farmer. 2d edition. Chicago, 1906.

von Struve, Die Theorie der sozialen Entwickelung bei Karl Marx. Archiv für soziale Gesetzgebung, etc., xiv, 1899.

Wolf, Sozialismus und kapitalistische Wirtschaftsordnung. Stuttgart, 1892.

 

 

Chapter VIII. The Modern Socialist Ideal

Atlanticus, Ein Blick in den Zukunftsstaat. 1898.

Bebel, Woman under Socialism. New York, 1904.

Bellamy, Looking Backward. Boston, 1888.

Gronlund, The Coöperative Commonwealth. London, 1896.

Jaurès, Organisation socialiste. Revue socialiste, 1895-96.

Kautsky, The Social Revolution. Chicago, 1908.

Macdonald, Socialism and Government. London, 1909.

Menger, Neue Staatslehre. 3d edition. Jena, 1906.

Morris, News from Nowhere. London, 1896.

Renard, Régime socialiste. Revue socialiste. 1897-98.

________, Le Socialisme à l’oeuvre. Paris, 1907.

Vandervelde, Collectivism and Industrial Revolution. Chicago, 1901.

________, Essais socialistes. Paris, 1906.

Wells, A Modern Utopia. London, 1905.

________, Socialism and the Family. London, 1907.

Wilde, The Soul of Man under Socialism. Boston, 1910.

 

Criticisms of socialist proposals:

Gonner, The Socialist State: its nature, aims and conditions. London, 1895.

Guyot, The Tyranny of Socialism. London, 1895.

Hirsch, Democracy versus Socialism. London, 1901.

Mackay, editor, A Plea for Liberty. London, 1892.

Naquet, Collectivism and Socialism. London, 1891.

Richter, Pictures of the Socialist Future. London, 1894.

Schäffle, The Impossibility of Social Democracy. London, 1892.

 

 

Chapter IX. The Modern Socialist Movement

General:

Ensor, Modern Socialism. 3d edition. New York, 1910.

Bardoux, etc. Le Socialisme à l’étranger. Paris, 1909.

Hunter, Socialists at Work. New York, 1908.

Plechanoff, Anarchism and Socialism. London, 1906.

 

Socialism and Christianity:

Bliss, New Encyclopedia of Social Reform. New York, 1908.

Campbell, Christianity and the Social Order. London, 1907.

Clifford, Socialism and the Teaching of Christ, Fabian tract no. 78, with bibliography. London, 1906.

Forsyth, Socialism, the Church and the Poor. London, 1908.

Goldstein, Socialism; the nation of fatherless children. Boston, 1903.

Hartman, Socialism versus Christianity. New York, 1909.

Kaufmann, Christian Socialism. London, 1888.

Mathews, The Social Teachings of Jesus. New York, 1905.

Ming, The Characteristics and the Religion of Modern Socialism. New York, 1908.

Nitti, Catholic Socialism. New York, 1908.

Peabody, Jesus Christ and the Social Question. New York, 1904.

Rauschenbusch, Christianity and the Social Crisis. New York, 1908.

Stang, Socialism and Christianity. New York, 1905.

Westcott, Social Aspects of Christianity. London, 1887.

Woodworth, Christian Socialism in England. New York, 1908.

 

The International:

Guillaume, L’Internationale: documents et souvenirs. Paris, 1905.

Jaeckh, The International. London, 1905.

Lissagaray, History of the Commune of 1871. London, 1886.

 

Germany:

Bebel, Die Sozialdemokratie im Deutschen Reichstag, 1871-1893. Berlin, 1909.

Bernstein, Ferdinand Lassalle. London, 1893.

Brunhuber, Die heutige Sozialdemokratie. Jena, 1906.

Dawson, Bismarck and State Socialism. London, 1890.

________, German Socialism and Ferdinand Lassalle. London, 1891.

Kamppfmeyer, Changes in the Theory and Tactics of the German Social Democracy. Chicago, 1908.

________, Die Sozialdemokratie im Lichte der Kulturentwickelung. Berlin, 1907.

Kautsky, The Road to Power. Chicago, 1908.

Mehring, Geschichte der deutschen Sozialdemokratie, 4th ed. Stuttgart, 1909. Milhaud, La démocratie socialiste allemande. Paris, 1903.

Parvus, Der Klassenkampf des Proletariats. Berlin, 1908-10.

Rosa Luxembourg, Sozialreform oder Sozialrevolution, 2d. ed. Leipzig, 1908.

Schippel, Sozialdemokratisches Reichstags-handbuch. Berlin, 1902.

Sisyphusarbeit oder positive Erfolge; Generalkommission der Gewerkschaften Deutschlands. Berlin, 1910.

Handbuch fiir nicht sozialdemokratische Wähler. Reichsverband gegen die Sozialdemokratie. Berlin, 1907.

 

France:

Bourdeau, L’évolution du socialisme. Paris, 1901.

Bibliothèque du Mouvement Socialiste:

Lagardelle, etc., Syndicalisme et Socialisme;
Pouget, La Confédération Generale du Travail;
Sorel, La Décomposition du Marxisme;
Griffuelhes, L’Action Syndicaliste;
Berth, Les Nouveaux Aspects du Socialisme, etc. Paris, 1908.

Goulut, Le Socialisme au Pouvoir. Paris, 1910.

Jaurès, Studies in Socialism. New York, 1906.

Kritsky, L’évolution du syndicalisme en France. Paris, 1908.

Mermeix, Le Syndicalisme contre le socialisme. Paris, 1907.

Milhaud, La Tactique socialiste. Paris, 1905.

Millerand, Le socialisme réformiste français. Paris, 1903.

Zévaès, Le socialisme en France depuis 1871. Paris, 1908.

 

United Kingdom:

Arnold-Forster, English Socialism of To-day. London, 1908.

Barker, British Socialism. London, 1908.

Noel, The Labor Party. London, 1906.

Villiers, The Socialist Movement in England. London, 1908,

Webb, Socialism in England. 2d edition. London, 1893.

 

United States:

Hillquit, History of Socialism in the United States. 4th edition. New York, 1906.

Simons, Class Struggles in America. Chicago, 1909.

Sombart, Warum gibt es im den Vereinigten Staaten keinen Sozialismus? Tübingen, 1906.

Thompson, Constructive Programme of Socialism. Milwaukee, 1908.

 

For each country the reports of the annual or biennial congresses, which may be procured from the party publishers mentioned above, are essential; the international movement is surveyed in the reports made to the International Congresses by the national party secretaries, and in the Congress debates, both published by the Secrétariat socialiste international, rue Heyvaert, 63, Brussels.

 

Categories
Economists Harvard

Harvard. Seminary in Economics. Topics and Speakers, 1891/2-1907/8

 The inspiration for the research workshop goes back to the German tradition of the research seminar for which the English word “seminary” was used. A sole economics seminary was announced at Harvard for the period 1892-1933 according to the annual Announcement of Courses of Instructions. One presumes the division of workshops is limited by the extent of the graduate program and that, by the early 1930s, the scale and scope of the Harvard department supported greater differentiation of its research seminars. The later Hansen-Williams Fiscal Seminar is an example of the kind of specialized workshop that was to develop. 

This posting provides the names and topics of presenters at the seminary in economics as published in the Harvard University Catalogues up through the academic year 1907/08 after which time we need to draw on other sources, e.g. announcements of individual seminars published in the Harvard University Gazette or the Harvard Crimson. Where invited guest lecturers for the public were announced, e.g. John Commons and Thorstein Veblen, I have included the information for the corresponding year.

________________________________

[First announcement of the Seminary in Economics, 1892-93]

Economics 20. Seminary in Political Economy.

Professors Dunbar and Taussig, and Mr. Cummings, will guide competent students in research on topics assigned after consolation. The Seminary will hold weekly meetings; and in addition each student will confer individually, once a week, with the instructor under whose guidance he carries on his investigations.

Source:  Harvard University, Announcement of Courses of Instruction provided by the Faculty of Arts and Sciences for the Academic Year 1892-93, p. 32.

________________________________

[Last announcement of the Seminary in Economics, 1932-33]

The Seminary in Economics. Mon., at 7.45 P.M.

Meetings are held by instructors and advanced students for the presentation of the results of investigation.

Source: Harvard University, Announcement of Courses of Instruction provided by the Faculty of Arts and Sciences for the Academic Year 1932-33 (second edition), p. 130.

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1891-92

At the Seminaries of Political Economy and American History (Joint Meetings):

Colonial Tariffs. Mr. William Hill.
Periodical Literature and Collections. Professor Taussig.
Suppression of the African Slave Trade. Mr. W. E. B. DuBois.
The Episcopal Church and Slavery. Mr. W. L. Tenney.
The Pacific Railways. Mr. H. K. White.
The Central Pacific Railway. Mr. W. Olney.
Impeachment Trials. Mr. Melville E. Ingals, Jr.
Some Early Anti-Immigration Laws. Mr. E. E. Proper.
Reconstruction in South Carolina. Mr. D. F. Houston.

Source: Harvard University Catalogue 1892-93, p. 122.

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1892-93

At the Seminary in Economics:

The economic periodicals of France and England. Prof. C. F. Dunbar.
The economic periodicals of Germany and the United States. Professor F. W. Taussig.
Georgia’s experiment in state railway management. Mr. G. Walcott.
The theory of gluts, with special reference to earlier discussions. Mr. C. W. Mister.
Public works in Pennsylvania. Mr. A. M. Day.
Postal subsidies in Great Britain. Mr. H. C. Emery.
Internal improvement in Indiana. Mr. H. H. Cook.
Railway Pools in the United States. Mr. G. L. Sheldon.
The earlier history of the anthracite coal industry. Mr. G. O. Virtue.
The construction of the Union Pacific Railway. Mr. H. K. White.
The organization of Poor Relief in Massachusetts. Mr. H. K. White.

At the Seminaries of American History and Institutions and of Economics. (Joint Meetings):

Study of History and Economics in English Universities. Professor W. J. Ashley.
The Mark theory. President E. A. Bryan.
Tariff legislation in the United States from 1783-1789. Mr. William Hill.
The federal import and the tariff act of 1879. Mr. William Hill.
The currency situation in the United States. Professor F. W. Taussig.
Legislation by the states on the issue of bank notes. Mr. D. F. Houston.

 

Source: Harvard University Catalogue 1893-94, pp. 129-130.

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1893-94

At the Seminary of Economics:

The economic congresses and meetings at Chicago. Professors Cummings and Taussig.
The economic and statistical meetings at Chicago. Professor Taussig.
Combinations among anthracite coal producers since 1873. Mr. Virtue.
Results of recent investigations on prices in the United States. Professor Taussig.
Some phases of public management of railways in Victoria (Australia). Mr. H. R. Meyer.
Local rivalry in the earlier development of internal improvements in the United States. Mr. A. M. Day.
Forestry legislation in the United States. Mr. C. C. Closson.
The Trunk Line Pool, and its effects on railway rates. Mr. G. L. Sheldon.
Sismondi and the theory of gluts. Mr. C. W. Mixter.
The earlier stages of the operation of the Erie canal. Mr. W. R. Buckminster.
The income tax of the civil war. Mr. J. A. Hill.
Internal improvements in Illinois. Mr. G. S. Callender.
Changes in the factory population of the United States. Mr. E. H. Vickers.
The Canadian Pacific Railway. Mr. G. W. Cox.
Public railway management in New South Wales. Mr. H. R. Meyer.
The development of the theory of gluts and over-accumulation. Mr. C. W. Mixter.
Compulsory insurance in Germany. Mr. J. G. Brooks.
The Erie canal. Mr. W. R. Buckminster.
The factory system in the United States. Mr. E. H. Vickers.

Source: Harvard University Catalogue 1894-95, p. 136.

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1894-95

At the Seminary of Economics:

Wilhelm Roscher. Professor Ashley.
The factory operatives in the United States. Mr. E. H. Vickers.
The classification of the Political Sciences. Professor Ashley.
The English Budget of 1894. Mr. F. R. Clow.
The antecedents of J. S. Mill’s “Principles.” Messrs. Aldrich, Estabrook, and Harper.
The theory of “House-Industry.” Mr. O. M. W. Sprague.
Definition and history of statistics. Mr. H. H. Cook.
The distribution of mediaeval fairs. Mr. J. Sullivan.
The United States and its mineral lands Mr. G. O. Virtue.
Child labor in the early factories. Mr. Hisa.
The economic condition of the South. Dr. E. von Halle.
The Chicago strike. Professor Ashley.
Legislation on arbitration in the United States. Rev. T. P. Berle.
The taxation of sugar in Germany. Mr. G. E. Chipman.
State railroads in New South Wales. Mr. H. R. Meyer.
Economic teaching in Germany. Rev. W. L. Bevan.
English industrial organization in the 17th and 18th centuries. Mr. O. M. W. Sprague.
Mediaeval fairs and the law merchant. Mr. J. Sullivan.
The antecedents of Mill’s “Doctrine of Value.” Mr. E. H. Harper.
The financing of internal improvements in the Northwest. Mr. G. S. Callender.
The antecedents of Mill’s chapters on Property and Land-Tenure. Mr. H. K. Estabrook.
Technical education in England. Mr. G. W. Cox.

Source: Harvard University Catalogue, 1895-96, p. 139.

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1895-96

Eight lectures by Francis A. Walker, LL.D., on Bimetallism since the Discovery of America.

Lecture. The Present Condition of the Currency of the United States. Professor F. W. Taussig.

At the Seminary of Economics: —

Economics in Italy. Professor Taussig.
The study of economics in German universities. Mr. C. W. Mixter.
The theory of the standard of living, from Adam Smith to J. S. Mill. Mr. R. Ware.
Financial operations by the loyal states during the Civil War (1861-1865). Mr. H. H. Cook.
International borrowing in its early stages, with special reference to England and the United States, 1820-1840. Mr. G. S. Callender.
The workman in the textile industries of England and the United States. Mr. S. N. D. North.
Attainment of the income tax in England. Mr. A. M. Chase.
Public management of railways in Victoria. Mr. H. R. Meyer.
The organization and regulation of certain domestic industries in England in the 18th century. Mr. O. M. W. Sprague.
The taxation of personal property in Massachusetts. Mr. E. W. Hooper.
The annual appropriation bill of the city of Boston. Mr. W. H. King.
The legal tender acts of 1862. Mr. D. C Barrett.
Fundamental errors in sociology. Dr. Frederick H. Wines.
International borrowing before 1850. Mr. G. S. Callender.
The tonnage laws and the shipping policy of the United States. Mr. P. D. Phair.
The internal revenue act of 1862. Mr. G. Thomas.
The beginning of liquor legislation. Mr. A. P. Andrew.
The international trade of the United States in its relation to recent currency legislation. Mr. A. Sweezey.
Beginnings of trade and industry in Scotland, with some account of the early Guilds. Mr. T. Allison.
The bimetallic situation. President Francis A. Walker.
The Intercolonial Railway of Canada. Mr. C. E. Seaman.
The railway situation in California. Mr. H. C. Marshall and Dr. F. E. Haynes.
The taxation of sugar in the United States since 1860. Mr. C. S. Griffin.
The economic basis of Irish emigration 1650-1850. Mr. H. H. Cook.

Source: Harvard University Catalogue 1896-97, pp. 138-9, 141-42.

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1896-97

Eight lectures on the Income Taxes in Germany, Switzerland, and England, by Dr. J. A. Hill. Subjects as follows: —

Income Taxes in Germany: Historical Development. The Taxpayers, the Taxable Income, and the Rates.
The Methods of Assessment. Income and Property Taxes in Switzerland: Their Development. The Rate and Exemptions. The Methods of Assessment.
The English Income Tax: Its History. The Assessment.

At the joint meetings of the Seminary of American History and Institutions and the Seminary of Economics: 

Methods and experience of historical investigation. Mr. J. F. Rhodes.
The financial procedure of a state legislature. Mr. F. C. Lowell.

At the Seminary of Economics:

French economic periodicals and other aids to economic study. Professor Dunbar.
Periodicals and other aids to economic study, in France. Professor Dunbar.
Periodicals and other aids to economic study, in England and the United States. Professor Ashley.
John Rae: A neglected economist. Mr. C. W. Mixter.
Some impressions of reformatories. Mr. W. H. Gratwick.
Sir Robert Giffen on prices in relation to material progress in England. Mr. F. Atherton.
The woolen manufacturer and the tariff. Mr. A. T. Lyman.
British capital and American resources, 1815-1850. Mr. G. S. Callender.
The taxation of sugar in the United States, 1789-1861. Mr. C. S. Griffin.
Recent immigration into the United States. Mr. E. H. Warren.
Apportionments of national bank currency. Mr. T. Cooke.
Some phases of the history of the Union Pacific Railway. Mr. S. P. West.
Some recent phases of economic thought in the United States. Mr. J. A. Tirrell.
The condition of coal-miners in the bituminous districts. Mr. H. E. George.
Certain phases of the history and literature of industrial depression from 1873 to 1886. Mr. C. Beardsley, Jr.
The financial history of the Pennsylvania Railway. Mr. R. D. Jenks.
Some aspects of the financial history of the Union Pacific Railway. Mr. S. P. West.

Source: Harvard University Catalogue 1897-98, p. 387-388, 391-392.

 

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1897-98

At the joint meetings of the Seminary of American History and Institutions and the Seminary of Economics:

Some results of an inquiry on taxation in Massachusetts. Professor F. W. Taussig.
The Making of a Tariff. Mr. S. N. D. North.
The currency reform plan of the Indianapolis convention. Professor Dunbar.

At the Seminary of Economics:

Trade-unions in Australia. Dr. M. A. Aldrich.
The coal miners’ strike of 1897. Mr. J. E. George.
An analysis of the law of diminishing returns. Dr. C. W. Mixter.
The Secretary of the Treasury and the currency, 1865-1879. Mr. H. C. Marshall.
An inquiry on government contract work in Canada. Mr. W. L. M. King.
The sugar industry in Europe as affected by taxes and bounties. Mr. C. S. Griffin.
The security of bank notes based on general assets, as indicated by experience under the national bank system. Mr. A. O. Eliason.
The inter-colonial railway. Mr. C. E. Seaman.
Some results of the new method of assessing the income tax in Prussia. Dr. J. A. Hill.
Antonio Serra and the beginnings of political economy in Italy. Mr. D. F. Grass.
The American Federation of Labor. Dr. M. A. Aldrich.
The earlier stages of the silver movement in the United States. Mr. Randolph Paine.
The land grant to the Union Pacific Railroad. Mr. R. W. Cone.

Source: Harvard University Catalogue 1898-99, pp. 400-1.

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1898-99

Fifteen lectures on Life Insurance by Charlton T. Lewis, of New York City.

At the Seminary of Economics: 

Aids in economic investigation. Professor Taussig.
Economic study in England. Dr. O. M. W. Sprague.
The growth and the constituent elements of the population of Boston. Mr. F. A. Bushée (2).
Some operations of the United States Treasury in 1894-96. Professor Taussig.
The Interstate Commerce Act as interpreted by the courts. Mr. F. Hendrick.
The English industrial crisis of 1622. Dr. O. M. W. Sprague.
The earlier history of the English income tax. Dr. J. A. Hill.
The theory of savers’ rent and some of its applications. Dr. C. W. Mixter.
The working of the French Railway Conventions of 1883. Mr. F. Hendrick.
The adoption of the gold standard by England in 1816. Mr. D. F. Grass.

 

Source: Harvard University Catalogue 1899-1900, pp. 412, 417.

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1899-1900

Lecture. The United States census. Professor W. F. Willcox, of the Census Office.

At the Seminary of Economics:

Aids in Economic study: (1) Specialized publications in Germany. Professor F. W. Taussig.
(2) English and American literature. Professor Ashley.
(3) American publications. Professor Taussig.
The conference on trusts at Chicago. Mr. John Graham Brooks.
Legislation on combinations and trusts in the United States. Mr. R. C. Davis.
Judicial decisions on statutes relating to combinations and trusts. Mr. R. C. Davis.
The tenement house exhibition, and tenement conditions in Boston. Mr. F. A. Bushée.
The influence of the tariff on the iron and steel industry. Mr. D. S. Bobb.
The duties on wool and their effects, 1870-1899. Mr. F. W. Wose.
The duty on copper and its effects. Mr. W. D. Shue.
The duties on sugar and their effects. Mr. G. H. Johnston.
The economic aspects of close commercial relations with Hawaii. Mr. U. S. Parker.
The discussion of value at the hands of English writers before Adam Smith. Mr. C. Bowker.
The silk manufacture and the tariff. Mr. S. S. Fitzgerald.
The commercial crisis of 1857. Mr. C. Hobbs.
The economic significance of the Hebrew year of jubilee. Mr. R. J. Sprague.

Source: Harvard University Catalogue 1900-1, pp. 429, 432.

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1900-01

Six lectures on Statistics of Wages, by the Hon. Carroll D. Wright:—

Methods and Difficulties in Collecting Statistics of Wages.
Difficulties and Fallacies in Presentations of Wages.
Chief Sources of Statistical Information on Wages.
Value of the Various Collections of Wages Statistics.
Money Wages as shown by Statistics during last Half Century.
Real Wages for the same period.

At the Seminary of Economics:

The trusts and the tariff. Mr. Charles Beardsley.
Civil service reform in Australia: its successes and its failures. I. Victoria; II. New South Wales. Mr. H. R. Meyer.
The early history of the Standard Oil Combination. Mr. G. H. Montague.
Manufacturing industries in the South End of Boston. Mr. R. F. Phelps .
Notes on a transcontinental journey. Professor Taussig.
Relations of employers and workmen in the Boston building trades. Mr. W. H. Sayward.
Changes in the geographical distribution of the Southern negroes since the Civil War. Mr. R. J. Sprague.
Changes in the tenure and ownership of land in the South since the Civil War. Mr. R. J. Sprague.
The early history of the Erie Railway. Mr. A. J. Boynton.
The early history of banking in Massachusetts. Mr. F. L. Bugbee.
The work of the United States Industrial Commission. Professor E. D. Durand, of Stanford University.
The cotton-seed oil industry. Mr. W. D. Shue.
Combinations in the German iron trade. Mr. E. B. Stackpole.
Are the English payments to mail steamships subsidies? Mr. W. E. Stilwell.

Source: Harvard University Catalogue 1901-02, pp. 414, 419-420.

 

_________________________________________

1901-02

Seminary in EconomicsMon., at 4.30. Professor Ashley and Asst. Professor Carver.

In the Seminary, the instructors undertake the guidance of students in independent investigation, and give opportunity for the presentation and discussion of the result of investigation. Members of the Graduate School who propose to conduct inquiries having in view the preparation of theses to be presented for the degree of Doctor of Philosophy, may select subjects agreed upon after conference with the instructors, and may carry on investigations on such subjects, as part of the work in the Seminary.
The general meetings of the Seminary are held on the first and third Mondays of each month. The members of the Seminary confer individually, at stated times arranged after consultation, with the instructors under whose special guidance they are conducting their researches.
At the regular meetings, the results of the investigations of members are presented and discussed. The instructors also at times present the results of their own work, and give accounts of the specialized literature of Economics. At intervals, other persons are invited to address the Seminary on subjects of theoretic or practical interest, giving opportunity for contact and discussion with the non-academic world.

Source: Harvard University Archives. Official Register of Harvard University 1901-1902. Box 1. Faculty of Arts and Sciences, Division of History and Political Science (June 21, 1901), University Publications, New Series, No. 16, p. 48.

*  *  *  *  *  *  *  *  *  *  *  *  *

Four lectures by Professor Edward A. Ross, on “The Growth and present Stage of the Literature of Sociology”:—

The Building of Sociology.
The Recent Tendencies of Sociology.
The Moot Points of Sociology.
The Desiderata of Sociology.

At the Seminary of Economics:

The Rise of the Oil Monopoly. Mr. G. H. Montague.
The Conditions of Employment and Housing of South End (Boston) Factory Operatives. Mr. R. Morris.
Principles Underlying the Demarcation between Public and Private Industries. Mr. R. Morris.
Restriction of Municipal Gas and Electric Plants in Massachusetts. Mr. A. D. Adams.
Economic Conditions in Nicaragua. Dr. C. W. Mixter.
Some Theoretical Possibilities of Protective Tariffs. Professor Carver.
A Study of some Records of the Associated Charities of Boston. Mr. H. R. Meyer.
The Rise and Regulation of Municipal Gas and Electric Plants in Massachusetts. Mr. A. D. Adams.
Le Solidarisme social de M. Leon Bourgeois. Professor Léopold Mabilleau.
A Review of the French and Italian Economic Journals. Professor Ripley, Dr. A. P. Andrew, Mr. C. W. Doten, and Mr. R. F. Phelps.
National Corporation Laws for Industrial Organizations. Mr. James B. Dill.
The Budgetary System of Canada. Mr. R. C. Matthews.
The Elements of Labor and Relief Departments in Railway Expenditure. Mr. A. L. Horst.
The Economics of Colonization. Professor E. A. Ross.
Elizabethan Mercantilism as seen in the Corn Trade. Mr. R. G. Usher.
The Present Position of Economics in Japan. Mr. Nobushiro Sakurai.
The Economic Theories of Josiah Tucker. Mr. Robert Morris.
Urban and Suburban Residence of South End (Boston)
Factory Employés. Mr. R. F. Phelps.
The Recent History of the Standard Oil Monopoly. Mr. G. H. Montague.
State v. Local Control of the Boston Police. Mr. F. R. Cope.
The Laws regulating Muncipal Gas and Electric Plants in Massachusetts. Mr. A. D. Adams.

Source: Harvard University Catalogue 1902-03, pp. 431, 434-435.

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1902-03

Eight lectures on “Some Leading Principles of Political Economy and Statistics,” by Professor F. Y. Edgeworth, of Oxford University, as follows: —

The Theory of Value applied to International Trade.
The Exceptions to the Rule of Free Trade.
Value in a Regime of Monopoly.
The Value of Land and other Factors of Production.
The Taxation of Urban Site Values.
The Higher Theory of Statistics.
Index Numbers.
Supplementary.

At the Seminary of Economics:

Reports on Current American and English Economic Periodicals, respectively by Messrs. R. W. Magrane and H. M. Kallen.
Gas Profits in Massachusetts. Mr. Alton D. Adams.
Economic Problems and Conditions in the Far Northwest. Professor C. Beardsley.
Report on Economics in Italy. Mr. D. H. Webster.
Reforms in Economic Teaching in the English Universities. Professor F. Y. Edgeworth.
Reports on Current German Periodicals and Literature. Messrs. W. H. Price and G. R. Lewis.
Recent Changes in the Rate of Wages. Dr. E. D. Durand.
Classification of Occupations in Relation to the Tariff. Mr. Edward Atkinson.
A Study of the Boston Ghetto. Mr. H. M. Kallen.
Report on Current French Literature. Mr. A. B. Wolfe.
The Anatomy of a Tenement Street. Mr. H. M. Kallen.
Railroad Reorganization in the United States. Mr. S. Daggett.
The Inclosure Movement and the English Rebellions of the Sixteenth Century. Dr. E. F. Gay.
A Stock Exchange Day. Mr. Sumner B. Pearmain.
The Lodging House Problem in Boston. Mr. A. B. Wolfe.
Jewish Trade Unions in Boston. Mr. Philip Davis.
Economics of the American Corn Belt. Mr. A. J. Boynton.
Movement of Real Estate Values in American Cities. Mr. Henry Whitmore.
Report on Labor Journals and Trades Union Publications. Mr. V. Custis.
Some Phases of the American Copper Mining Industry. Mr. G. R. Lewis.
The Determination of Franchise Values. Mr. C. W. Wright.
Initiation Ceremonies among Primitive Peoples. Mr. D. H. Webster.
The Indebtedness of English Mercantilism to Holland. Mr. E. T. Miller.

Source: Harvard University Catalogue 1903-04, pp. 466, 469.

_________________________________________

1903-04

At the Seminary of Economics:

A Trip through the Corn Country of the West. Professor Carver.
Early History of Economic Studies in American Colleges. Professor Bullock.
The Growth of Labor Organization in the United States. Professor Ripley.
Industrial Combinations in Germany, with special reference to Coal. Dr. F. Walker.
Our Trade Relations with Canada. Mr. Osborne Howes.
Supervision of National Banks, solvent and insolvent, by the Comptroller of the Currency. Mr. William A. Lamson (H. U. ’81), National Bank Examiner.
The Effect of Trade Unions upon Industrial Efficiency. Mr. Henry White, Secretary of the United Garment Workers of America.
The Financing of Corporations. Hon. Charles S. Fairchild.
A Remedy for Some Industrial Troubles. Hon. William B. Rice.
The Elizabethan Patents of Monopoly. Mr. W. H. Price.
The English Miner in the Middle Ages. Mr. G. R. Lewis.
The Northern Securities Case and the Supreme Court Decision. Mr. E. B. Whitney.
Progress in Manufactures in the United States. Hon. S. N. D. North, Director United States Census Bureau.
The Expansion Periods of 1878-85 and 1897-02 compared. Mr. Sumner B. Pearmain, ’83.

Source: Harvard University Catalogue 1904-05, p. 457.

_________________________________________

1904-05

Under the auspices of the Department of Economics, Professor W. F. Willcox, of Cornell University, gave three lectures on some results of the United States census enumeration of 1900: —

1. The Population of the United States.
2. Some Statistical Aspects of the Negro Problem.
3. The Birth Rate and Death Rate of the United States.

Three lectures on the “Relations between Trade Unions and Employers’ Organizations,” by Professor John R. Commons, of the University of Wisconsin: —

1. The Teamsters’ Organizations in Chicago.
2. Industrial Organizations in the Window-glass Manufacture.
3. Industrial Organizations in the Stove Manufacture.

At the Seminary of Economics:

The Forces in Industrial Consolidation. Mr. V. Custis.
Railroad Reorganization. Mr. S. Daggett.
The Specialized Literature of Economics: Periodicals, Dictionaries, and the Like. I. German Publications. Professor Taussig.
II. English and American. Professor T. N. Carver.
The French Corn Laws from 1515 to 1660. Mr. A. P. Usher.
The Meeting of the American Economic Association at Chicago. Professor Taussig.
Trade Unionism and Politics. Mr. Ray Stannard Baker.
Social Problems of American Farmers. President Kenyon L. Butterfield, of Rhode Island College of Agriculture.
Wool-growing in the United States. Mr. C. W. Wright.
Public Opinion as a Factor in Industrial Consolidation. Mr. V. Custis.
Marx’s Theory of Value. Mr. F. W. Johnston.
The Atchison System. Mr. S. Daggett.
Wool-growing in the United States since 1860. Mr. C. W. Wright.
The Negro in Boston. Mr. J. Daniels.

Source: Harvard University Catalogue 1905-06, pp. 456-457, 460-1.

_________________________________________

1905-06

Lecture. Followers of Karl Marx. Professor T. B. Veblen, of the University of Chicago.

Lecture. The Diffusion of Economic Knowledge. Professor Simon Newcomb.

At the Seminary of Economics:

Railroad Reorganization, The Philadelphia and Reading R. R. Mr. Stuart Daggett.
The Railway Rate Situation. Mr. C. A. Legg.
Stages of Economic Growth. Professor E. F. Gay.
The Finances of Boston, 1820-1860. Mr. C. P. Huse.
The Intendants and the Organization of the Corn Trade in France, 1683-1715.
Mr. A. P. Usher. Collateral Bond Issues. Mr. Thomas Warner Mitchell.
The Earlier History of the English Post-office. Mr. J. C. Hemmeon.
The Meeting of the American Economic Association at Baltimore. Professor Taussig.
The Organization of a Cooperative Business. Mr. E. A. Filene.
The Development of English Trade to the Levant. Miss G. F. Ward.
The Telephone Situation in Great Britain. Mr. A. N. Holcombe.
Characteristics of Railroad Reorganizations. Mr. Stuart Daggett.
The Distribution of Socialistic Sentiment. Professor T. B. Veblen, of the University of Chicago.
Transportation in Modern England, to 1830. Mr. W. Jackman.
The Dutch-English Rivalry, with Special Reference to Fisheries. Mr. H. L. Drury.
Recent History of the Glass Manufacture in the United States. Mr. D. F. Edwards.
A Discussion of Distribution. Mr. F. W. Johnston.

Source: Harvard University Catalogue 1906-07, pp. 536-7, 540.

_________________________________________

1906-07

Lectures on Municipal Ownership. Major Leonard Darwin, of London, England, gave a series of lectures on Municipal Ownership: —

1. The Main Issues connected with Municipal Ownership. The Regulation of Private Trade. Municipal Ownership and Local Taxation.
2. English Municipal Statistics. The Probability of Profit-Making by Municipal Ownership. Municipal Management.
3. Municipal Corruption. Wages under Municipal Ownership. The Direct Employment of Labour by Municipalities.
4. Municipal Ownership without Direct Employment. Municipal Ownership and Socialistic Ideals.

Through the courtesy of the National Civic Federation, a series of five public lectures on Socialism and the Allied Social and Economic Questions was given by W. H. Mallock, A.M.

Lecture. The New Interstate Commerce Act. Professor F. H. Dixon.

At the Seminary of Economics:

Impressions of Sociological Study in Foreign Countries. Mr. J. A. Field.
Field Observations on the Tobacco Industry. Mr. S. O. Martin.
The Financial Policy of Massachusetts from 1780 to 1800. Professor Bullock.
The Financial Policy of Alabama from 1819 to 1860. Mr. W. O. Scroggs.
The Finances of Boston, 1820-1860. Mr. C. P. Huse.
Some Aspects of the History of the English Mining Classes. Dr. G. R. Lewis.
Some Aspects of the Early Railway Era in Great Britain. Mr. William Jackman.
Land and Capital. Professor Fetter.
The Theory of Interest. Professor Fetter.
The Beet-Sugar Industry in the United States. Mr. M. H. Salz.
The Recent Tariff History of Canada. Mr. W. W. McLaren.
Commercial Education in American Universities. Mr. F. V. Thompson.
The English Board of Trade during the Seventeenth and Eighteenth Centuries, and its Records. Mr. J. R. H. Moore.
The Cotton Manufacture in the United States since 1860. Mr. M. T. Copeland.
Some Discoveries in Economic History. M. le vicomte Georges d’Avenel.
A Course of Instruction in Business Management. Mr. H. S. Person.
Bank Reserves in England, Canada, and the United States. Mr. F. S. Mead.
A Journey into the Tobacco-raising Districts of the West and South. Mr. S. O. Martin.
Sketch of the Legislative History of Massachusetts Business Corporations. Mr. W. E. Rappard.
The English Fisheries, 1500-1800. Mr. H. L. Drury.
Municipal Ownership of Telephones in Great Britain. Mr. A. N. Holcombe.
Researches in a Manufacturing Suburb. Mr. E. L. Sheldon.

Source: Harvard University Catalogue 1907-08, pp. 431, 437-438.

 

_________________________________________

1907-08

Under the auspices of the Department of Economics, Dr. Victor S. Clark gave two lectures on Australian Economic Problems: —

1. Railways: History and Administration.
2. Railways: Description and Statistics.

Dr. Clark also gave two public lectures: —

1. State and Federal Finance in Australia.
2. The Tariff Policy of Australia.

At the Seminary of Economics:

General Principles of Railroad Reorganization. Dr. Stuart Daggett.
The Silk Manufacture. Mr. F. R. Mason.
The Silk Manufacture and the Tariff. Mr. F. R. Mason.
Certain Phases of the Theory of Population since Malthus. Mr. J. A. Field.
The Commercial Use of Credit Instruments previous to 1724. Mr. A. P. Usher.
The Conduct of Public Works in English Towns in the Thirteenth and Fourteenth Centuries. Miss S. L. Hadley.
The Growth of the Knit Goods Industry. Mr. M. T. Copeland.
The Foreign Trade of England during the Thirteenth Century, especially with regard to the Italian. Miss G. F. Ward.
A Statistical Survey of Italian Emigration. Mr. R. F. Foerster.
The Meetings of the Economic and Sociological Associations at Madison. Professor Carver and Mr. J. A. Field.
The Canadian Reciprocity Treaty of 1854. Mr. W. W. McLaren.
Factory Labor in Massachusetts: Legislation and Economic Condition, 1810-1880. Mr. C. E. Persons.
Tax Administration in New York City. Mr. Lawson Purdy.
The Recent History of the Standard Oil Company. Mr. H. B. Platt.
The Wool and Woolens Act of 1867. Mr. P. W. Saxton.
The Causes of the Rise in Prices since 1898. Mr. H. L. Lutz.
The Corn Law Policy in England up to 1689. Mr. N. S. B. Gras.
Agrarian Conditions in Southwest Germany from the Thirteenth to the Sixteenth Century. Mr. H. C. Dale.
The Land Policy of Australia. Dr. Victor S. Clark.
Proposed Old Age Pension Legislation in England. Mr. R. M. Davis.
The Anthracite Coal Roads and the Coal Companies. Mr. E. Jones.
The Greenback Movement, with Special Reference to Iowa and Wisconsin. Mr. C. O. Ruggles.
Fibres and Fibre Products. Mr. B. S. Foss.
A Study of the Population of Cambridgeport. Mr. A. J. Kennedy.

Source: Harvard University Catalogue 1908-09, pp. 450, 455-6.

 

 

Categories
Economists Yale

Yale. Young Irving Fisher. 1899.

While it is easy to find extensive biographical information for Irving Fisher, I am posting this item from the second volume of Universities and their Sons (1899), mostly for the picture of this young, newly minted, 32 year-old full professor of political economy at Yale. We see that middle-aged Irving Fisher’s more than passing resemblance to Col. Sanders of Kentucky Fried Chicken fame was preceded by boyish good looks of this, his academic youth. Again simply a reminder of the once youthfulness of the residents of our Pantheon of economics. Links are provided to the four works cited in this brief entry for Irving Fisher.  

____________________________

FISHER, Irving, 1867—

Born in Saugerties, N. Y., 1867; prepared for College at the high schools of Peace Dale, R I., and New Haven, Conn., and at Smith Academy, St. Louis; A.B. Yale, 1888; Ph.D. Yale, 1891; studied in Berlin and Paris, 1893-94; Instructor in Mathematics Yale, 1890; Tutor, 1891; Assistant Professor, 1893; Assistant Professor of Political Economy, 1895; Professor, 1899—

IRVING FISHER, Ph.D., Professor of Political Economy at Yale, was born February 27, 1867, at Saugerties, New York, son of the Rev. George Whitefield and Ella (Wescott) Fisher. His early education was acquired in the high schools of Peace Dale, Rhode Island, and New Haven, Connecticut, and at the Smith Academy, St. Louis, Missouri. He graduated from Yale in 1888 as valedictorian, and took the degree of Doctor of Philosophy in 1891. From 1890 to 1895 Mr. Fisher instructed in Mathematics at Yale. He became Assistant Professor of Mathematics in 1893, and Assistant Professor of Political Economy in 1895. The year 1893-1894 he spent in study in Berlin and Paris. He was made full Professor of Political Economy in 1899. He is a member of the American Mathematical Society, of the American Economic Association, the British Economic Association, and the Connecticut Academy of Arts and Sciences. Professor Fisher is the author of several books, among others: Mathematical Investigations in the Theory of Value and Prices [Published in Transactions of the Connecticut Academy of Arts and Sciences, Vol. 9, New Haven (1892 to 1895), pp. 1-124], Appreciation and Interest [1896] and Brief Introduction to the Infinitesimal Calculus, [1st ed. 1897] the last named being designed for students of Mathematical Economics and Statistics. He also wrote with Professor Phillips Elements of Geometry [1896]. He was married June 24, 1893, to Margaret Hazard, and has two daughters: Margaret and Caroline Fisher.

 

Source: University and their Sons. History, Influence and Characteristics of American Universities with Biographical Sketches and Portraits of Alumni and Recipients of Honorary Degrees. Editor-in-chief, General Joshua L. Chamberlain, LL.D. Vol II (1899), p. 392.

 

Categories
Columbia Economists

Columbia. Franklin H. Giddings, short biographical sketch. 1899

Academic economics and sociology were much more like siblings than kissing-cousins at the turn of the twentieth century. Long a vice-president of the American Economic Association, Franklin H. Giddings  went on to become a president of the American Sociological Association. 

Frank H. Hankins wrote the entry on Franklin H. Giddings for the International Encyclopedia of the Social Sciences (1968).

___________________

GIDDINGS, Franklin Henry, 1855-

Born in Sherman, Conn., 1855; prepared for College at the High School at Great Barrington, Mass.; two years at Union College, 1873-75; left College to take charge of the Goshen ( Conn.) Academy; entered newspaper life in 1876, and continued as editor and editorial writer on various journals until 1888; A.B. (Union College) with reference back to the Class of 1877, 1888; A.M. 1889; Ph D., 1897; Lecturer on Political Science at Bryn Mawr, 1888; Associate, 1890; Associate Professor, 1891; Professor, 1892; Lecturer on Sociology at Columbia, 1890-93; Professor of Sociology, 1894-

FRANKLIN HENRY GIDDINGS, Ph.D., Professor of Sociology at Columbia, was born in Sherman, Connecticut, March 25, 1855. He is a son of the Rev. Edward Jonathan Giddings, a well-known Congregational clergyman of Massachusetts, the author of American Christian Rulers. The family goes back in this country to George Giddings, who came from St. Albans, England, in 1635, and settled in Ipswich, Massachusetts. The Rev. Edward J. Giddings married Rebecca Jane Fuller, a descendant of Edward Fuller, one of the Mayflower pioneers. Franklin Henry Giddings received his early training and education under the strict guidance of his mother and father, and was also instructed in surveying and drafting by his grandfather, a prominent citizen of Great Barrington, Massachusetts. After a preparatory course at the High School at Great Barrington, he entered Union College in 1873. He left College in 1875 to take charge of the Academy at Goshen, Connecticut, but continued his studies in private, covering much more ground than was required for graduation. In 1888 he received from Union College the degree of Bachelor of Arts, with reference back to the Class of 1877 in full standing. While at College he took in addition to the required studies a portion of the engineering course. In 1876 he entered newspaper life as Associate Editor of the Winsted (Connecticut) Herald. During 1878 he was an editorial writer on the Republican of Springfield, Massachusetts, and his work there, coupled with excess of private study, resulted in a year’s enforced rest from active labor, which was spent in studying political economy and law. He resumed newspaper work in 1879 on the Staff of the Berkshire Courier, and remained there for two years, when he became Editor of the New Milford, Connecticut, Gazette. During 1882 he served on the Town School Committee of Great Barrington. In 1884 he returned to Springfield as editorial writer and literary critic of the Union. He was a strong supporter of Mr. Cleveland’s candidacy during the campaign of 1884, and at the risk of losing position and salary positively refused to write editorials favoring the candidacy of James G. Blaine. In 1885 he conducted an investigation and reported to the Massachusetts Bureau of Statistics of Labor on profit-sharing, and in the following year left the Union to become the Editor of Work and Wages at Springfield. During his years of newspaper work his leisure time had been occupied in study. His first appointment as Instructor came in 1888, when Bryn Mawr College appointed him Lecturer on Political Science. In 1889 he was made Associate, in the following year Associate Professor, and in 1892 Professor. Since 1890 he had also been Lecturer on Sociology in the Faculty of Political Science at Columbia, and in 1894 he left Bryn Mawr on a call from Columbia to its Chair of Sociology. He published between 1885 and 1895 many articles and monographs on economic and sociological theory. In 1896 appeared his first book, The Principles of Sociology [1896 edition; reprint with corrections from 1913], which met with instant success, and has been translated into French, Spanish and Russian. This was followed in 1897 by The Theory of Socialization, which also met with immediate recognition and has been translated into Italian; and in 1898 by The Elements of Sociology [reprint published in 1918], Professor Giddings married, November 8, 1876, Elizabeth Patience Hawes of Great Barrington. They have three children. He is a member of the American Academy of Political and Social Science, of which he has been Vice-President since 1890, the Authors, Barnard and Century Clubs, the Academy of Natural Sciences of Philadelphia, the American Economic Association, of which he was first Vice-President in 1896-1897, and L’Institut International de Sociologie of Paris. He is a sound-money Democrat in politics.

 

Source: University and their Sons. History, Influence and Characteristics of American Universities with Biographical Sketches and Portraits of Alumni and Recipients of Honorary Degrees. Editor-in-chief, General Joshua L. Chamberlain, LL.D. Vol. II, pp. 453-5.

________________________

Giddings Bibliography by Robert Bannister

12/29/00

Bannister, Robert C. Sociology and Scientism (Chapel Hill: University of North Carolina Press, 1987), chs.4. 5

Camic, Charles, “The statistical turn in American social science: Columbia University, 1890 to 1915,” American Sociological Review 59 (Oct. ’94): 773-805

Davids, Leo. “Franklin H. Giddings: Forgotten Pioneer.” Journal of the History of the Behavioral Sciences 4 (1968): 62-73.

Gillin, John L. “Giddings,” American Masters of Social Science, ed. Howard Odum, pp. 191-230. New York, 1927

Hankins, Frank. “Franklin H. Giddings.” AJS 37 (1931): 349-67.

Lichtenberger, James P. “Franklin H. Giddings.” Sociology and Social Research 16 (1932): 316-21.

Northcott, Clarence H. “Giddings,” An Introduction to the History of Sociology, ed. Harry E. Barnes. Chicago, 1948.

Northcott, Clarence H. “Sociological Theories of Franklin H. Giddings.” AJS 24 (1918): 1-23.

Tenney, Alvin. “Franklin H. Giddings.” Columbia University Quarterly 23 (1931): 319-21.

Source:  Written by Robert Bannister, Swarthmore College (emeritus).

Categories
Chicago Curriculum Economists Transcript

Chicago. Don Patinkin’s undergraduate and graduate coursework 1940s

A few years before there was an Institute for New Economic Thinking (INET) to provide a research grant that allowed me to begin my archival project, I happened to visit my sister’s family living in Cary, North Carolina. I had somehow stumbled across a reference to the Patinkin papers archived at the Economists’ Papers Project at Duke University and figured it would might be worth a “look-see” and so I took a day trip to Duke with no specific plan. I probably saw Patinkin’s personally annotated undergraduate and graduate transcripts and then (mistakenly) presumed that many archives would have such a complete documentation of the actual coursework taken by individual economists. What I did not appreciate was that the university records with respect to student transcripts except for early in the 20th century and before are not easily accessible for research because of privacy concerns. This means the historian needs to stumble upon copies of transcripts in random collections as was the case here. Thank you serendipity.

From Patinkin’s annotated transcripts at the University of Chicago (he added the names of course instructors as well as identified other courses that he presumably audited), we can see just how many different economists were involved in the economics education of one Don Patinkin. His student notes for most of these economics courses are also to be found in his papers and deserve to be transcribed.

On a minor note: As a pupil, I never thought twice about why a “Report Card” happened to be called a “Report Card”. From this University of Chicago transcript we can see that report is used as short-hand for “reported grade”. The instructor is clearly seen to report to the university registrar’s office.

_____________________________________________

The University of Chicago
Office of the Registrar
UNDERGRADUATE RECORD
Social Sciences

[Copy of transcript dated Jan 25, 1979]

 

Name: Don Patinkin
Home Address: 1426 S. Hamlin Ave., Chicago
Matriculation No.: 202316
Date of Birth: 1-8-22
Place: Chicago

 Entered: October 7, 1941
Attendance at other institutions: Central Y.M.C.A. Coll., Chicago, 1939-41

_____________________________________________

Entrance Units: From Marshall H.S., Chicago, 1939

English 3 ½
Latin
French 4
German
Spanish
History 2
Economics
Sociology
Civics ½
Drawing ½
Journalism
Algebra
Pl. Geom. 1
Sol. Geom. ½
Trigonometry
Gen. Biol. 1
Physics
Chemistry
Botany
Zoölogy
Gen Science
Physiol. ½
TOTAL 18

_____________________________________________

REQUIRED WORK

Econ. (L.W.M. & J.D.R.) 10.28.41
ECON. 209, 210, 2[illegible], 220 or 222, 230, 2 from 240, 260

DIVISIONAL FIELD FIVE 201 COURSES TO BE CHOSEN FROM
ANTH, ECON, EDUC., GEOG., HIST., POL.SCI., PSYCH., SOC.

Elect
1½ C’s by adv. stg. + 4½ at Divis’l Level
Econ. 311, 301, 360, Stat. 330, Bus. 323

_____________________________________________

Advanced Standing Oct. 30 1941
Central Y.M.C.A. College

BIOLOGICAL SCIENCES

Zool. 101
Biol. Sci. Surv. (1)

HUMANITIES

Eng. 101, 103, Adv. Writing (1/2)
Philos.- Introd. (1), 203,
Hist of Philos. (1)
Hist of Europ. Civil. (1)
Apprec. Art & Music (1)

PHYSICAL SCIENCES

Math. 101, 102, 103, 218, 219, 220
Phy. Sci. Surv. (1).

SOCIAL SCIENCES

Econ.-Elem. (1 ½)
Soc. Sci. Surv. (1)

OTHER FIELDS

Bus.-Bus. Law (1/2)

Total: 19 ½ courses

_____________________________________________

[University of Chicago] Course Report
AUTUMN QR. 1941
ECON. 211 INTROD. TO STATISTICS inc.
A
P.SCI.   201 INTR. TO POLITICAL SCI. inc.
B
PSYCH. 201 INTROD. PSYCHOLOGY
Exam by Home Study 1-12-42
[illegible]
A
WINTER QR. 1942
ECON.   209-INTERMED.ECON.THEORY
[Simons]
B
ECON. 240. LABOR PROBLEMS
[Douglas]
A
ECON. 311-STATISTICS/CORRELATION
[Lewis]
B
SPRING QR. 1942
BUS. 323-PROB’Y,SAMPL’G & CURVE-FITTING
[illegible, “Yntema” according to course catalogue for 1942]
A
ECON. 210-INTROD.TO ACCOUNTING
[Rovetta]
A
ECON. 260-ELEM.OF GOV’T FINANCE
[Simons]
B

EXAMINATION FOR THE BACHLOR’S DEGREE.

DIVISIONAL FIELD 8-24&25-42
ANTH. 201, EDUC. 201, POL.SCI.201, PSYCH. 201, SOC. 201

B

Honor Scholar in the Division
(Economics)

Autumn Qr. 1942
ECON. 301-PRICE & DISTRIBUTION THEORY
[Knight]
B
ECON. 360-GOVERNMENT FINANCE
[Leland]
A
STAT. 330-THEORY OF PROBABILITY
[Bartky]
C
PHYS.EDUC. (non-credit) ½ c. B

WINTER QR. 1943
Full Quarter’s Residence

ECON 230-INTR. TO MONEY & BANKING
[Mints]
R
ECON 331-BANKING TH. & MONETARY POL.
[Mints]
R
ECON. 220-ECON.HIST. OF U.S.
[Wright]

Pro-Forma

R
EXAMINATION FOR THE BACHELOR’S DEGREE.
DEPARTMENTAL FIELD 3-4,5-43
Economics
A
Elected to Phi Beta Kappa
Degree of A. B. Conferred MAR 26 1943
TRANSF. TO DIVISION (GRADUATE) JAN 3 1944

_____________________________________________
_____________________________________________

The University of Chicago
Office of the Registrar
Social Sciences
Graduate

[Copy of transcript dated Jan 25, 1979]

Name: Don Patinkin
Home Address: 1426 S. Hamlin Ave., Chicago
Matriculation No.: 202316
Date of Birth: 1-8-22
Place: Chicago

Entered: Undergraduate 10-7-41
Trans. to Divis. Grad. 1-3-44

 

A.B. (U. of Chicago) 3-26-43
A.M. (U. of Chicago) DEC 21 1945
Ph.D. (U. of Chicago) AUG 29 1947

CANDIDATE FOR DEGREE OF A.M. IN Economics

REC. BY S.E. Leland DATE 10-5-45
APPROVED BY THE FACULTY  10.5.45

CANDIDACY FOR DEGREE OF Ph.D. IN Economics

REC. BY T.W. Schultz DATE 5-24-46
APPROVED BY THE FACULTY 5-24-46

 

[University of Chicago] Course Report
WINTER QR. 1944
ECON.     370-INTERN’L TRADE & FIN.
[Viner]
B
MATH.   231-SOLID ANALYTIC GEOM.
[Albert]
A
MATH.   248-INFIN.SER.&DEF.INTEGRALS A
O.L.-O.T. 352-TARGUM OF THE PROPHETS A
SPRING QR. 1944
ECON. 222-INTRO. EUROP.EC.HIST., 1540-1940
[Nef]

B
inc

ECON. 367-PUBLIC DEBTS
[Leland]
B
ECON. 371-INTERN’L ECON. POLICIES
[Viner]* Allowed an extension of time, until end of Aut. Q. 1944, in which to complete Econ. 371. (Dean Russell) 7-8-44

A
inc*

SUMMER QR. 1944
ECON.   307-IMPERFECT COMPETITION
[Lange]
A
ECON.   330-MONEY
[Mints]
A
MATH.   228-INTR. TO ALGEBRAIC THEORIES
[Albert]
A
MATH. 247-DIFFERENTIAL EQUATIONS A
MATH.   306-MODERN HIGHER ALGEBRA
[Albert]
A
AUTUMN QR. 1944
ECON.   402-MATH’L ECONOMICS
[Lange]
A
MATH.   310-FUNCT. OF COMPLEX VARIABLE B
POL.SCI.   340-PUBLIC ADMINISTRATION
[Leonard White]
A
WINTER QR. 1945
ECON.   302-HIST. OF ECON.THOUGHT
[Knight]
A
ECON.   314-APP’NS OF STATISTICS TO ECON.
[Marschak]
A
ECON. 316-PROBS. IN MATH’L ECON.
[Marschak]
A
MATH.   311-TH.OF FUN(‘NS OF REAL VARIABLES B
SPRING QR. 1945
[311 Lange]
[312 Hurwicz]
ECON.   303-MOD.TENDENCIES IN ECON.
[Lange]
A
ECON. ½ c. 315-ECONOMETRICS OF BUS.FLUCT’NS
[Marschak]
A
ECON. ½ c.317-MATH’L COLLOQUIUM FOR ECON’TS A
ECON.   361-ECON. OF FISCAL POLICY
[Simons]

inc
A

[305 Economics & Social Institutions Knight & Perry]
SUMMER QR. 1945
ECON.   309-SPEC.PROBS.IN ECON.THEORY
[Lange]
inc
ECON.   332-BUSINESS CYCLE THEORY
[Lange]

inc
A

ECON.   357-AGRIC. IN THE POLIT.ECONOMY inc. no ex.
French Examination Passed NOV 5 1945
PASSED ON BASIS OF 1943 STANDARD
AUTUMN QR. 1945
GER.   101-ELEMENTARY GERMAN A
MATH.   373-TOPOLOGY
[Hestenes]
B
POL.SCI.   361-INTERNATIONAL LAW
[Morgenthau]
A
Final Examination Passed for A.M. in Economics—Summer & Autumn 1945 (Simeon E. Leland)
Degree of A.M. conferred DEC 21 1945
Without Thesis
[WINTER QR. 1946]
[Econ. 255 Introd. to Agricultural Economics
Johnson]
[Pol. Sci 327 Social and Political Philosophy
Perry & Knight]
[Econ 358   Agricultural Markets and Prices
Nicholls]
SPRING QR. 1946
ECON.   304-ECON.TH’Y & SOC.POLICY
[Knight-Perry]
R
ECON.   351-MONOP’Y ELEM., PRICES, PUB.POL’Y
[Nicholls]
R
ECON. 355-AGRIC’L PROD’N & DEMAND
[Schultz]
R
[Soc. 324 Hist. of Soc. Theory
Wirth]

Final Examination Passed
For Ph.D. in Economics—July 29, 1947
(J. Marschak)

Degree of Ph.D. Conferred
Aug 29 1947
Thesis: On the Consistency of Economic Models:
A Theory of Involuntary Unemployment

 

Source: Duke University. David M. Rubinstein Library. Don Patinkin Papers. University of Chicago School of Economics Raw Materials. Box 1. Folder “Essays on & in Chicago Tradition from binder of same name, folder 1 of 2”.

Image Source:  Marshall High School Yearbook, 1939 (Chicago).

 

 

Categories
Economists Suggested Reading Yale

Yale. Suggested readings in social sciences from Arthur T. Hadley, 1901

President of Yale and former Professor of Political Economy, Arthur T. Hadley provides guidance to reading in the social sciences in the literature survey of this posting. It was published as one of six papers in a volume “based upon lectures arranged by the American Society for the Extension of University Teaching, and delivered in Philadelphia in the winter of 1898-99. The impulse to read good books that has grown out of the work of the Society in Philadelphia seemed to demand the suggestions that it was the purpose of these lectures to offer to those who desire to read wisely.”

Economics is discussed between pages 155 and 162 in the text following the book references, but visitors are encouraged to read the entire essay to appreciate the place of economics in Hadley’s scheme of the social sciences.

________________________

SOCIOLOGY, ECONOMICS, AND POLITICS
BY ARTHUR T. HADLEY

REFERENCES

“History of the Science of Politics,” by Sir Frederick Pollock, London, 1890.
[First edition 1890New and Revised Edition 1911; Reprint 1930.]

“Commentaries on the Laws of England,” by Blackstone, London, 1765-69.
[John Adams’ copies:  Book IBook II;  Book IIIBook IV]

“Fragment on Government,” by Jeremy Bentham, London, 1776.

“Ancient Law,” by Sir Henry Sumner Maine, London, 1861.

“Wealth of Nations,” by Adam Smith, 1776. Edition with notes by Thorold Rogers, Oxford, 1880. Abridgment by Ashley, London, 1895.  [Vol I.; Vol II.]

“Principles of Political Economy, with some of their Applications to Social Philosophy,” by John Stuart Mill, London, 1848.
[1871: Seventh edition:   Vol. IVol. II.]

“Contemporary Socialism,” by John Rae. Second edition, London, 1891.
[1884: First edition; 1891: Second edition;  1901: Third edition]

“Burke,” by John Morley, London, 1888.

“Social Evolution,” by Benjamin Kidd, London, 1894.

“Physics and Politics,” by Walter Bagehot, London and New York, 1872. [1873: First Edition; 1881: Sixth Edition]

 

[p. 139]

SOCIOLOGY, ECONOMICS, AND POLITICS

It is the work of the biographer or the historian to gather the events which group themselves about some man or body of men, and trace the subtle sequences of causation by which they are connected. The task of the student of political theory, whether he call himself economist, jurist, or sociologist, is a more ambitious and a more perilous one. His explanations of political events must be general instead of specific. It is not enough for him to correlate the occurrences of a particular life or a particular period. He must frame laws which will enable his followers to correlate the events of any life or any period with which they may have to deal, and to sum up in a single generalization the lesson of many such lives and periods.

This is the kind of result at which the sociologist must aim, if he has the right to call himself a sociologist at all. His manner of [140] reaching it will depend upon his individual character. It may be in flashes of genius like that of Burke. It may be by the strict observance of logical processes like those of John Stuart Mill. It may be — and this is the most common method of all — by a painstaking study of history like that of Aristotle or Adam Smith. Such a study of history the sociologist is at some stage of his progress practically compelled to make. The most brilliant genius must verify his theories by comparing them with the facts. The most astute logician must test the correctness of his processes by applying his conclusions to practical life. In default of such study we have not a work of science but a work of the imagination. This is the character of books like Plato’s “Republic,” like More’s “Utopia,” like Bellamy’s “Equality.” It is to a less degree the character of books like Rousseau’s “Contrat Social” or George’s “Progress and Poverty.” Each of these is a work of genius; but in Plato or Bellamy there is no historical verification at all, and in Rousseau or George there is not enough of it. A work of this kind is sure to be unscientific; and what is worse, it is [141] almost equally sure to be pernicious in its practical influence.

We are sometimes told that these imaginative works of sociology bear the same relation to politics that the historical novel does to history. This may be true if we look at them solely from the standpoint of literary art. But if we judge from their moral effect upon the reader the parallel fails. Reader and author both know that the historical novel is not true. It does not pretend to be true. No one is in danger of mistaking “Quentin Durward”or “Henry Esmond” for actual histories of the time with which they deal. With the writings of political theorists it is far otherwise. The line between the picture of an actual state and the picture of a possible state is not a very clear one. The reader of Rousseau or George hardly knows when he passes from a description of real evils and abuses to a description of imaginary remedies. The greater the ability with which such a work is written the greater is the danger of confusion. The author as well as the reader is excited by the exercise of imaginative power. Bellamy is said to have written “Looking Backward” as a work of fiction [142] pure and simple; but when his readers began to regard him in the light of a prophet, there was an irresistible temptation for the author to regard himself in the same way.

If a man can write literature at all, the construction of a work of political imagination gives him a fatally easy chance to act as a leader of men’s thoughts, Plato’s “Republic” was a far easier work to construct than Aristotle’s “Politics.” The one required only concentrated thought, the other involved in addition a painstaking use of material. There is the same advantage in facility of construction in the works of Rousseau as compared with those of Turgot. The easily written work is also the one which enjoys more readers and which has more influence, at least during the writer’s lifetime. George’s “Progress and Poverty” was not based on an investigation into the history of land tenure. He was therefore able in good faith to promise his readers the millennium if certain schemes of social reform were adopted; and readers anxious for the millennium were enthusiastic over the book. Wagner, in his “Foundations of Political Economy,” unfortunately not translated into English, made a [143] scrupulous investigation of those historical points which George had overlooked, and he was therefore unable to promise his readers the millennium. The consequence is that where Wagner counts one disciple George counts a thousand. Of the ultimate disappointment and evil which result when we trust ourselves to unhistorical theories of politics it is hardly necessary to speak. The work of political imagination may have the same artistic character as the historical novel, but it has a baneful practical influence which makes it, from the moralist’s standpoint, an illegitimate use of artistic resources.

It is not in his choice of subject matter, but in the form of his conclusions, that the work of the sociologist differs from that of the writer of history. The man who aims at specific explanations, however widespread, is an historian; the man who is occupied with verifying generalizations, however narrow, is a sociologist. Bryce’s “American Commonwealth” is essentially a work of history. That he deals with a set of contemporary events instead of successive ones is an accident of his subject. He has taken a cross section of history, instead of a longitudinal [144] section, because American political events are better understood by looking at them in the former way than in the latter. On the other hand, Bagehot’s “English Constitution,” though very similar to Bryce’s “American Commonwealth” in its subject and in its external arrangement, is predominantly a sociological work; and the same thing may be said yet more unreservedly of Burke’s “Reflections on the Revolution in France.” To Bagehot and to Burke, the understanding of English or French politics was not an end; it was rather an incident in the discovery and application of those profounder laws which regulate the politics of every nation.

The use of the name “sociology” to designate investigations of this kind dates from Auguste Comte; its widespread popular acceptance, which makes it necessary for us to use it whether we like it or not, results chiefly from the influence of Herbert Spencer. Many students of political theory regard the term as an unfortunate one; and I am inclined to think that we shall understand the real scope of our subject better if we use the word sociology only under protest. This is not because it is bad Latin, — though it is very bad [145] Latin indeed, — but because it has prevented the use of a much better term, ethics, the science of customs and morals. The effect of calling our subject sociology instead of ethics has been bad, both on the students of morals and on the students of society. It has caused the students of morals to follow old methods and to make their science predominantly a deductive rather than an empirical one. Instead of availing themselves of the results of history and making a social study of those laws of conduct which are essentially social phenomena, they have continued, like their fathers, to make it a branch of psychology. Meantime it has caused the professed students of sociology to go too far in the other direction; to neglect the help which they can get from wide-awake psychologists like Mark Baldwin, whose “Social and Ethical Interpretations in Mental Development” is really a profound contribution to political study, and to occupy themselves far more with classifying things which they see from the outside, than with explaining those which they get from the inside. Among people who have but a slight knowledge of the methods and purposes of political science, [146] there is a tendency to apply the name “sociology” to every description of the actions of men in society, whether scientific or not. The story of a public bath-house, the collection of a few wage statistics, or the scheme for a new method of measuring criminals are all described as studies in sociology; and the observer, who has perhaps collected a little material for the future historian, is deluded by the high-sounding name into the belief that he has done more truly scientific work than Gibbon or Mill, Nor do the really scientific sociologists wholly escape the baleful influence of a name which tends to separate their field so widely from that of the moralists. It leads them to make their science a branch of anthropology; to deal with men chiefly in masses; to give disproportionate importance to the study of prehistoric races just because they are so readily looked at in this way. Even if, like Bastian or Giddings, we give just importance to the development of mental processes, as distinct from physical ones, we are prone to begin at a point so remote from our own that we are unable to test the correctness of our descriptions.

Thus it has come to pass that there is in [147] the popular mind not only a separation but an antithesis between ethics, which deals with the profounder instincts derived from our consciousness, and the various branches of sociology, — law, economics, politics, — whose study and whose precepts are empirical. This way of looking at things is fundamentally wrong. All good sociological work has a profoundly ethical character. Aristotle, Hobbes, Rousseau, Blackstone, Adam Smith, not to mention a score of scarcely less distinguished writers, obtained their hold upon the public by the light which they threw upon ethical difficulties and moral problems. Their sociological work has sometimes been based on good ethics and sometimes on bad ethics; in fact, its ethics has generally been good or bad according to the greater or less completeness of the historical study which has preceded it. But some powerful ethical reasoning it has contained and must contain in order to secure a hold on mankind. It must explain men’s mental and moral attitude toward each other. Sociology is ethics, and ethics is sociology. The apparent opposition between the two is the result of deductive scientific methods on one side or the other.

[148] We have now defined the limits of our subject. We are seeking to gain a general view of that literature which is based upon history, expresses its conclusions in general laws, and seeks to explain men’s moral conduct as members of society. The successful investigations in this field fall under three groups: law, economics, and politics. The first seeks to explain, criticise, and justify the judicial relations of mankind as determined by the necessities of public security; the second their commercial relations as determined by the necessities of business; while the third, as yet in its infancy, attempts to consider their political and moral relations as members of a civil society in whose government they have a share.

The principles of law were of course formulated at a very early period. First we have codes of procedure, like the Twelve Tables of Rome; then we have formal rules of conduct which will be enforced by the civil authority; still later we have judicial decisions and legal text-books indicating the methods in which these traditional rules are applied to new cases. But none of these is literature. Legal literature, in the broader [149] sense, may be said to begin when we endeavor to explain the relations between the rules of law and the principles of natural justice accepted by the conscience of the community. The two greatest modern works of law, Blackstone’s “Commentaries” in England and Savigny’s “System of the Roman Law of To-day” in Germany, both owe their power to this underlying idea. Not that it is obtruded upon the reader, but that it is held in reserve as a vivifying force. Blackstone is distinguished from “Coke upon Littleton,” not in being a greater legal authority, — for, technically speaking, “Coke upon Littleton” is legal authority while Blackstone is not, — but because Blackstone wrote a work for the public and not for the lawyers; a work which put all English-speaking gentlemen in touch with the common law, and made it, not an instrument of professional success, but a part of the reader’s life. The ethical character manifest in Blackstone’s writings is from the necessity of the case even more saliently developed in the works of the international lawyers, and most of all in their great leader Grotius. For international law rests not [150] upon the authority of a superior who has the physical force to make his commands respected, but on the common sense and common consent of the parties in interest. A treatise on international law is therefore in the highest sense a treatise on ethics, — ethics put to the test of practice, and verified or rejected by history.

But profound as is the harmony between law and justice in civilized nations, the occasional dissonance is on that ground all the more marked. These dissonances have therefore occupied a large attention among those who studied the relations between law and ethics. What gives authority to certain principles which we call law, more or less independent of those other principles which we call justice? It was Hobbes who, in his “Leviathan,” first undertook a systematic answer to this question, and developed the theory of the social compact which, for good or ill, has formed the subject of so many political controversies. According to Hobbes, a state of nature is for mankind a state of anarchy. To avoid the intolerable evils of this condition, governments have been established for the purpose of giving [151] security. As long as a government does, in fact, give such security, it performs its part of the compact under which it was established; and its subjects, as representatives of the other party to such a compact, are bound to obey its ordinances. The evils of anarchy were, in Hobbes’s view, so great that no approximation to the enforcement of justice could be obtained except under such a surrender of personal rights and opinions as was implied in his fiction of the social compact.

In the hands of Hobbes this doctrine was a conservative force. It justified men in keeping quiet under evils against which their moral sense would otherwise have led them to revolt. But in the century following Hobbes, Locke and Rousseau made a use of the social compact theory of which its author never dreamed, — a use which made it not a conservative but a revolutionary power, — a use which reintroduced into politics and into law those discussions of natural justice which it had been Hobbes’s aim to exclude. For Rousseau denied emphatically that the government had fulfilled its part of the contract with the people when it simply [152] maintained a state of public security. It was not enough to govern, it must govern well; it must not merely repress positive disorder, but promote that justice and that happiness which the collective public opinion of the community demanded. The government, as Rousseau regarded it, was a trustee for the people, pledged and required to pursue popular happiness, and forfeiting its trust the moment it used it for any other purpose. It was on these views of Locke and Rousseau that the authors of the Declaration of Independence based their political doctrines. It was on these views that the French Revolution was founded, and in the exaggeration of these views that its excesses were committed.

But just at the time when this idea of the social compact was most widely influential in practice, it received its deathblow as a theory. With marvelously acute analysis, Bentham, in his “Fragment on Government,” proved that there was neither historically nor logically any such thing as a social compact. Government, according to Bentham, derives its authority, not from an ancient promise to give public security, nor from [153] a long standing trusteeship in behalf of the people, but from the habitual obedience of its subjects. Where such habitual obedience exists, there is government. The accredited acts of such a government are lawful, whether they conform to the ideas of natural justice in any individual case or not. If these acts are habitually contrary to the people’s sense of justice, discontent will culminate in revolution, and then the government will be changed so that another authority and another set of laws will come into being. But the second government, like the first, derives its authority from the fact of being able to exercise its power. Any rights which Hobbes might deduce from a supposed agreement by which it was brought into being, or any limitations on its authority which Rousseau might deduce from a similar hypothesis, are both alike fictitious.

Such was the ground taken by Bentham; and he has been followed by almost all English and American writers who deal with law from a professional standpoint. But there has very recently been a tendency to react from this extreme view and to take a middle ground between the position of [154] Bentham and Hobbes. For while it is undoubtedly true that people habitually obey a government, and that its authority is in fact based on this habitual obedience, it is also true that they obey cheerfully only within certain limits set by public opinion, and that beyond those limits they defeat the governmental authority, not by a revolution, but by the quieter process of nullification. The same habit which establishes the government establishes bounds within which it regards the authority of that government as salutary, and beyond which it will not encourage or even allow the government to go. This view was foreshadowed by Burke in some of the noblest of his political orations. It was applied historically by Sir Henry Maine in his studies of Indian village communities. It has received vigorous support from Herbert Spencer in his brilliant collection of essays, “The Man versus the State.” In America, where the extreme views of Bentham have never enjoyed the unquestioned authority which they possessed in England, even professional lawyers like Abbott Lawrence Lowell have developed theories of law and government based on this [155] view. It only remains for some man of genius to summarize the conclusions of these scattered works, and to develop a theory of the relations between law and justice which shall do for the students of our day what Aristotle did for those of two thousand years ago.

The study of economics, or principles of commerce, began much later than the study of law. The recognition of the ethical character of governments antedated by at least two thousand years the recognition of the ethical character of commerce. Those who look at business operations from the outside, as most of the early writers did, regard them as presumably immoral; as bearing the same relations to the principles of justice which the thief bears to the policeman. Aristotle, Cicero, Aquinas, are all actuated by this idea. It was reserved for Adam Smith to develop a philosophy of business which was in the highest and best sense of the word a moral philosophy. There have been a good many needless inquiries as to the reasons which make the “Wealth of Nations” superior in merit and influence to the many other acute economic [156] writings in the latter part of the last century. The answer to these inquiries is a simple one. It was because Smith presented clearly to the reader the essentially moral character of business under modern conditions. His predecessors had generally thought of trade as a bargain, as a contest between buyer and seller, where the more skillful and more unscrupulous party gained the advantage over the other. Smith showed how under free competition the self-interest of the several parties, intelligently pursued, conduced to the highest advantage of the community. Did high prices prevail? It was a symptom of scarcity. If we forbade the seller to take advantage of that scarcity, we perpetuated the evil. If, on the other hand, we invited other sellers to compete with him, we directed the industrial forces of the community to the point where they are most needed; we relieved the scarcity of which the high price is but a symptom, and at comparatively small expense to society effected a lasting cure. There is not time to develop this theory of Smith’s in all its varied applications, or to show how, under the marvelous adjustments of modern business, price tends [157] to adjust itself to cost, and cost to be reduced to such a degree as to give the various members of the community the maximum of utility with the minimum of sacrifice. That Smith saw this truth, was his fundamental merit. That he was the first to see it in anything like its full scope, that he had the power to verify it, the candor to recognize its limits, the vigorous English in which to communicate his ideas to others, are facts which give the “Wealth of Nations” the place it deservedly holds in science and in literature. Not in economic science only, but in the whole field of morals have we learned from Adam Smith to expect a harmony of interests between the enlightened self-interest of the individual and the public needs of the community. The fact that the completeness of this harmony has been exaggerated by subsequent writers does not detract from the merit of its discoverer, but rather is a testimony to his power.

Of course Smith’s economic principles were widely called in question and vigorously debated. Some rejected his views altogether. Out of this rejection came the socialist controversy. Others held that his [158] principles of commerce were true as between individuals, but not as between nations; that in the latter case we necessarily had a bargain and a contest rather than a competition, a conflict of interests rather than a harmony. Out of this grew the protectionist controversy. The whole problem of protection is so interwoven with difficult points in the theory of taxation that the best discussion of the subject is often highly technical, and scarcely belongs to the domain of literature. But it would be wrong, in the city of Philadelphia, to give a review of economic writing which should pass over in silence the honored name of Henry C. Carey, who alone, perhaps, among protectionist writers meets the points of Adam Smith with a moral purpose not less profound than that of his opponent.

The socialist controversy belongs in far larger degree to the domain of literature. For half a century succeeding Adam Smith the benefits of increased competition were so great that all classes joined in demanding the removal of barriers against trade. But by the middle of the nineteenth century it had become quite evident that universal [159] happiness was not to be obtained in this way. Under the influence of Malthus many of the professed economists said that it was useless to strive in that direction; that with an increase of population misery must be the lot of the larger part of mankind. Such views aroused a reaction against commercialism. The literature of this reaction falls into two groups, — that of the Christian or conservative socialists, represented in English by Carlyle, Kingsley, and Ruskin, and that of the social democracy, whose great leaders in literature as well as in politics were Lassalle and Marx. The work of the Christian socialists has given us some charming examples of literary art. For the most part, however, the history of this school illustrates the danger of attempts to write on sociology without the necessary historical study. When it came to practical questions the Christian socialists as a body were found on the side of the slaveholder and the tyrant. Actual progress in emancipation came from the cautious and somewhat pessimistic student like Mill or Bright, who saw the difficulties in the way of reform, rather than from the man to whom impatience [160] seemed a virtue and idealism a substitute for history.

Lassalle and Marx deserve far more attention. Lassalle’s works have not been translated into English, and those of Marx are too voluminous and too abstruse for the general reader; but a good account of their character and influence can be found in Rae’s “Contemporary Socialism.” Lassalle was primarily a student of history, Marx a critic of actual business conditions. Lassalle thought that he discovered a law of historical evolution by which the control of business was moving farther and farther down among the masses of the people. Adam Smith’s work represented to him a period of transition from a narrower to a broader economy. It had the merit of taking business out of the hands of the privileged classes. It had the demerit of incompleteness, in that it left it in the hands of the property-owners. The evils of this incomplete work were accentuated — and over-accentuated — by Lassalle and Marx and their followers. Starting from the Aristotelian dogma that value is based on labor, Marx showed that the laborer did not get at present [161] all the product, but only a part of it; and he held that the other part, kept back from the laborer, represented legalized robbery.

Of the great ability of these writers and of their importance in the world’s literature there can be no doubt. In intellectual brilliancy they were probably superior to their greatest contemporary among the defenders of the existing order, — John Stuart Mill. Their failure was the result of a faulty method. Instead of starting from historical facts and working out towards explanations, they started with a principle of deductive ethics, that labor was necessarily the source of value. It was not in intellectual acuteness that they failed by comparison with Adam Smith, but in the intrinsic weakness of purely deductive methods for dealing with social phenomena. And it was just by knowing when to abandon these methods that John Stuart Mill succeeded. It is the fashion nowadays to criticise Mill’s economic writings unsparingly, to say that he carried nothing out to its logical conclusion, that he used neither the relentless logic of the last century nor the Darwinian methods [162] of the present. Yet Mill was greater than his critics. He had a profound conception of the importance of his subject in its moral aspects. He had a wide knowledge of facts. He had infinite industry in testing those facts. The very incompleteness of his conclusions, which has been made a subject of complaint against him, was the result of that candor which would not allow him to deal unscrupulously with facts that interfered with his theories. Great in the sense of Adam Smith he probably was not, at any rate as an economist, for he developed no new truths of wide-reaching importance. His work was not a work of seedtime, but a work of harvest. It was his to gather and store for use the fruit which Adam Smith had sown.

But the middle of the nineteenth century witnessed the beginnings of a political science wider than the study of law or the study of economics. Men’s minds were no longer satisfied with analyzing the relations between law and justice or between commerce and justice. They demanded to know what was that justice itself, and who made it. The Catholic theory that it was made by the [163] Church, and the Protestant theory that each man made it for himself, were found to be equally inadequate for explaining historical events. We needed a broader science of politics, which should explain the social structure and the public opinion which held it together, — the political entity, of which law was but one manifestation and business another.

The problem was not a new one. Men had tried to solve it in all ages; and at least four attempts had been made which possessed great merit, whether viewed from the standpoint of scientific care, of literary form, or of practical influence. These were the “Politics” of Aristotle, at the culmination of Greek thought; the “Republic” of Jean Bodin, at the close of the Middle Ages; the “Spirit of the Laws” of Montesquieu, in the literary movement which preceded the French Revolution, and the “Philosophy of History and Law” of Hegel. It was the method of analysis which was new. The Darwinian theory, with its doctrine of survival and elimination, gave us a means of explaining political evolution which our ancestors had not possessed. Crude as were the first efforts in [164] its application, and incomplete as are the results even now attained, it represents a new power in political and moral study. In one sense it was not really new; for orators like Burke and Webster and Lincoln were applying to the problems of practical statesmanship those conceptions of evolution and struggle and survival which we associate with the name of Darwin. But the growth of the modern science of biology has had a profound influence on the science and literature of politics; and those ideas which a century or even a half century ago were but the occasional inspirations of our men of genius, are now being systematized and developed in all directions. They form the background of books like Kidd’s “Social Evolution” or Fiske’s “Destiny of Man;” they are reflected in almost every page of the political essays of John Morley; they are made the basis of scientific studies as diverse as those of Spencer, Giddings, and — best of all — Bagehot, whose “Physics and Politics” perhaps represent the high-water mark of constructive attainment in this field of literary and scientific activity. Not that Bagehot’s work is in any sense final; the great book [165] to which future generations shall refer as marking an epoch in this progress remains yet to be written.

But though we cannot yet point to any such culminating achievement, we can indicate with much precision the fundamental ideas which modern political science is following, — the lines of development —

“Where thought on thought is piled till some vast mass
Shall loosen, and the nations echo round.”

The first of these fundamental ideas is that of race character. Each social group — horde, tribe, or nation — has its type of personal development. The habits of the race limit the activity of the individual. Institutions, religions, philosophies of life and conduct, are but the expressions of this race type. This is what is really meant by saying that society is an organism. The men who first made this expression popular, like Spencer, tended to carry too far this analogy to a biological organism, and to study the processes of social nutrition rather than those of social psychology. But this error is largely a thing of the past. The success of a book like Kidd’s “Social Evolution,” in spite of the vagueness or crudeness of many [166] of its parts, shows how eagerly people are looking for a science which shall lay stress on explaining their beliefs and moral characteristics rather than their visible organization.

A second fundamental idea is that this race character is but the record of the past history of the people; embodying itself in habits of action which are a second nature to the individuals that compose it. “In every man,” says Morley, “the substantial foundations of action consist of the accumulated layers, which various generations of ancestors have placed for him. The greater part of our sentiments act most effectively when they act most mechanically.” Or to quote the noble passage in Burke which suggested this utterance of Morley: “We are afraid to put men to live and trade each on his own private stock of reason, because we suspect that this stock in each man is small, and that the individuals would do better to avail themselves of the general bank and capital of nations and of ages. Many of our men of speculation, instead of exploding general prejudices, employ their sagacity to discover the latent wisdom which prevails in them. [167] If they find what they seek, and they seldom fail, they think it more wise to continue the prejudice with the reason involved, than to cast away the coat of prejudice, and to leave nothing but the naked reason: because prejudice with its reason has a motive to give action to that reason, and an affection which will give it permanence. . . . Prejudice renders a man’s virtue his habit, and not a series of unconnected acts.”

A third idea following closely upon the second is that these habits of mind have been given their shape in a struggle for existence between different races, no less severe than that which prevails among the lower animals; only this human struggle is chiefly a conflict between ethical types rather than physiological ones, and stamps its verdict of fitness or unfitness upon moral characteristics rather than physical structures. This is where the work of Darwin has given the modern investigator his greatest advantage. There were writers prior to Darwin who, like Hegel, were just as completely possessed of the idea of evolution as Spencer or Bagehot; but Hegel and every other political writer who preceded Darwin found it [168] hard to get, outside of his own consciousness, either a test of fitness or a compelling force which should make for progress. To the Darwinian this is easy. Here are two tribes, with different standards of morality. One standard preserves the race which holds it, and is therefore self-perpetuating; the other has the reverse effect, and is therefore self-destructive. The process of elimination by natural selection does its work and registers its verdict.

But the race characteristics which contributed to success in one age or state of civilization may not be equally successful in a later age or more advanced state. The race which would be permanently successful must have the means of adapting itself to new conditions. A really permanent system of morals must provide for progress as well as discipline, for flexibility to meet future conditions as well as firmness to deal with present ones. How is the combination to be secured ? The answer to this question gives us the modern doctrine of liberty, as developed by Mill and his followers. This represents the fourth and greatest of the ideas of modern social philosophy, which can be [169] applied to almost every department of human activity — commercial freedom, religious toleration, or constitutional government. We cannot better close our survey of political literature than by availing ourself of John Morley’s unrivaled powers of statement in summarizing this great principle.

“We may best estimate the worth and the significance of the doctrine of Liberty by considering the line of thought and observation which led to it. To begin with, it is in Mr. Mill’s hands something quite different from the same doctrine as preached by the French revolutionary school; indeed, one might even call it reactionary, in respect of the French theory of a hundred years back. It reposes on no principle of abstract right, but, like the rest of its author’s opinions, on principles of utility and experience.

“There are many people who believe that if you only make the ruling body big enough, it is sure to be either very wise itself, or very eager to choose wise leaders. Mr. Mill, as any one who is familiar with his writings is well aware, did not hold this opinion. He had no more partiality for mob rule than De Maistre or Goethe or Mr. Carlyle. [170] He saw its evils more clearly than any of these eminent men, because he had a more scientific eye, and because he had had the invaluable training of a political administrator on a large scale, and in a very responsible post. But he did not content himself with seeing these evils, and he wasted no energy in passionate denunciation of them, which he knew must prove futile. . . . Mr. Carlyle, and one or two rhetorical imitators, poured malediction on the many-headed populace, and with a rather pitiful impatience insisted that the only hope for men lay in their finding and obeying a strong man, a king, a hero, a dictator. How he was to be found, neither the master nor his still angrier and more impatient mimics could ever tell us.

“Now Mr. Mill’s doctrine laid down the main condition of finding your hero; namely, that all ways should be left open to him, because no man, nor the majority of men, could possibly tell by which of these ways their deliverers were from time to time destined to present themselves. Wits have caricatured all this, by asking us whether by encouraging the tares to grow, you give the [171] wheat a better chance. This is as misleading as such metaphors usually are. The doctrine of liberty rests on a faith drawn from the observation of human progress, that though we know wheat to be serviceable and tares to be worthless, yet there are in the great seed-plot of human nature a thousand rudimentary germs, not wheat and not tares, of whose properties we have not had a fair opportunity of assuring ourselves. If you are too eager to pluck up the tares, you are very likely to pluck up with them these untried possibilities of human excellence, and you are, moreover, very likely to injure the growing wheat as well. The demonstration of this lies in the recorded experience of mankind.”

 

Source: H. Morse Stephens et al. Counsel upon the Reading of Books, Boston and New York: Houghton, Mifflin and Company. The Riverside Press, Cambridge, 1901.

Image Source: Wikipedia, Arthur Twining Hadley.

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Yale. Arthur Twining Hadley. Biographical Sketch, 1899

HADLEY, Arthur Twining, 1856-

Born in New Haven, Conn, 1856; fitted for College at Hopkins Grammar School; A.B. Yale, 1876; studied political science for a year at Yale, and history and political science at the University of Berlin, 1877-79; Tutor at Yale, principally in German, 1879-83: University Lecturer on Railroad Administration, 1883-86; Professor of Political Science in the Graduate Department, 1886-99, and also during the absence of Professor Sumner, in the Academic Department, 1891-93; has also lectured at Harvard, at the Mass. Institute of Technology and elsewhere; Associate Editor of Railroad Gazette, 1887-89; author of numerous articles and monographs, and of several books, among them: Railway Transportation: Its History and its Laws; and Economics: An Account of the Relation between Private Property and Public Welfare. In 1899, on the retirement of Prof. Timothy Dwight, he was elected by the Corporation Thirteenth President of Yale, being the first layman to hold that office; LL.D. from several institutions, 1899.

 

ARTHUR TWINING HADLEY, LL.D., thirteenth President of Yale, was born in New Haven, Connecticut, April 23, 1856. He comes of an academic family. His grandfather, James Hadley, was a Professor of Chemistry in Fairfield Medical College in Herkimer county, New York. His father, James Hadley, is one of the most notable of Yale’s long line of notable instructors. His memory is treasured with feelings of woe by thousands of students throughout the country who have struggled through his (Greek Grammar; though as a teacher his memory is honored to-day by all of the large number of Yale students who came under his instruction. Arthur Twining Hadley fitted for College at the Hopkins Grammar School of New Haven and entered Yale in 1872. He graduated from Yale in 1876, being the Valedictorian of his class. He was one of the youngest men in his class, but Yale, and continued there in that capacity until 1883, teaching various branches, but mainly German. During the ensuing three years he was University Lecturer on Railroad Administration, contributing during this period a series of articles on transportation to Lalor’s Cyclopaedia of Political Science, and part of the article on Railways in the Encyclopaedia Britannica. In 1885 appeared his Railway Transportation: Its History and Its Laws, which is one of his best known works and has gone through translations into French and Russian. In 1886 Professor Hadley was elected by the Corporation to the Professorship of Political Science which he held until his election to the Presidency. Governor Harrison, in 1885, appointed him Commissioner [563] of Labor Statistics of the State of Connecticut, and his two reports in this capacity are marvels of research into the details of his work. It is impossible to more than summarize Professor Hadley’s writings. He has contributed numerous articles to the principal magazines of the country, and an article in Harper’s Magazine for April 1894 in which he laid stress upon the value of Yale Democracy, the importance of a high standard of scholarship and strict adherence to it, and the utility of athletics as a factor in University life. His greatest work. Economics: An Account on the Relation between Private Property and Public Welfare, appeared in 1896, and is in use as a text-book in a number of colleges. He was associated with Colonel H. G. Prout in the editorship of the Railroad Gazette from 1887 to 1889. In 1898 Professor Timothy Dwight resigned the Presidency of Yale, and the problem which confronted the Corporation in finding his successor was no small one. There was a general feeling that it would perhaps be well to break away from some of the established precedents into somewhat broader methods. After months of careful consideration the choice devolved upon Professor Hadley, who was elected Thirteenth President of the University in 1899. The very fact that he was chosen marks considerable of a departure from Yale’s traditions and shows the ability of the man, for he was the first President in all of Yale’s two hundred years of history who was not entitled to prefix Reverend to his name. He assumed office at Commencement in 1899, and began his duties with the well wishes of thousands of Yale Alumni all over the country. Professor Hadley married, June 3, 1891, Helen Harrison, daughter of former Governor Luzon B. Morris. They have three children: Morris, Hamilton and Laura Hadley.

 

Source: University and their Sons. History, Influence and Characteristics of American Universities with Biographical Sketches and Portraits of Alumni and Recipients of Honorary Degrees. Editor-in-chief, General Joshua L. Chamberlain, LL.D. Vol. II, pp. 562-563.

 

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Economists Funny Business M.I.T.

MIT. Franco Modigliani as Santa Claus. 1975

On the left, the future blogmeister of Economics in the Rear-view Mirror. On the right, the future Nobel laureate in economics…Franco Modigliani. MIT, E52, December 1975.