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Courses Economists Harvard Syllabus

Harvard Economics 2. Carver, 1900-01

Note: Economics 2, “Economic Theory in the Nineteenth Century,” was taught by Assistant Professor Thomas Nixon Carver in 1900-01, his first year at Harvard

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Enrollment Economics 2
1900-01

For Undergraduates and Graduates:—

[Economics] 2. Asst. Professor Carver.— Economic Theory in the Nineteenth Century.

Total 45: 6 Graduates, 15 Seniors, 16 Juniors, 5 Sophomores, 3 Other.

Source: Harvard University. Annual Reports of the President and Treasurer of Harvard College, 1900-01, p. 64.

 

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ECONOMICS 2.

Topics and references for first half-year. Starred references are prescribed.

I. VALUE.

1.    Adam Smith. Wealth of Nations. Book I. Chs. 5, 6, and 7.

2.    Ricardo. Pol. Econ. Chs. 1 and 4.

3.    Mill.          “        “     Book III. Chs. 1-6.

4.    Cairnes     “        “     Part I.

5.     Jevons. Theory of Pol. Econ. Chs. 2-4.

6.     Sidgwick. Pol. Econ. Book II. Ch. 2.

7*.   Wieser. Natural Value.

8.     Böhm-Bawerk. Positive Theory of Capital. Book III.

9.     Clark. Philosophy of Wealth. Ch. 5

10*. Marshall. Principles of Economics. Books III and V.

 

II. DIMINISHING RETURNS.

1.     Senior. Pol. Econ. Pp. 81-86.

2.    Marshall. Principles of Economics. Book III. Ch. 3

3*.  Commons. The Distribution of Wealth. Ch. 3.

 

III. RENT.

1.     Adam Smith. Wealth of Nation. Book I. Ch. 2. Pts. 1-3.

2.    Ricardo. Pol. Econ. Chs. 2 and 3.

3.    Sidgwick. “     “       Book II. Ch. 7.

4.    Walker.     “     “       Pt. IV. Ch. 2.

5.    Walker. Land and its Rent.

6*.  Marshall. Principles of Economics Book VI. Ch. 9.

7*.   Hyde. The Concept of Price Determining Rent. Jour. Pol. Econ. V.6. p. 368.

 

IV. CAPITAL

1.     Adam Smith. Wealth of Nations. Book II.

2.    Senior. Pol. Econ. P. 58-81.

3.    Mill.        “       “       Book I. Ch. 4-6.

4.    Roscher. “      “       Book I. Ch. 1. Secs. 42-45.

5*.  Böhm-Bawerk. Positive Theory of Capital. Books I and II.

6.    Cannan. Production and Distribution. Ch. 4.

7.    Jevons. Theory of Political Economy Ch. 7.

8*.  Fisher. What is Capital? Economic Journal. Vol. VI. P. 509.

9*.  Taussig. Wages and Capital. Ch. 2.

10.  Clark. The Distribution of Wealth.

 

V. INTEREST.

1.     Adam Smith. Wealth of Nations. Book I. Ch. 9.

2.    Ricardo. Pol. Econ. Ch. 6.

3.    Sidgwick.  “     “        Book II. Ch. 6.

4*.  Böhm-Bawerk. Positive Theory of Capital. Books V, VI, and VII.

5.    Marshall. Principles of Economics. Book VI. Ch. 6.

6.    Clark. Distribution of Wealth.

7*.   Abstinence and the Theory of Interest. Quarterly Journal Ec., Vol. VIII. P. 40.

8.    The Theory of Saver’s Rent. Quarterly Journal Ec. Vol. XIII. P. 345.

 

VI. WAGES.

1.     Adam Smith. Wealth of Nations. Book I. Ch. 8.

2.    Ricardo. Pol. Econ. Ch. 5.

3.    Senior.       “       “      Pp. 141-180 and 200-216.

4.    Senior. Lectures. Pp. 1-62.

5.    Mill. Pol. Econ. Book II. Chs. 11, 12, 13, and 14.

6.    Cairnes. Pol. Econ. Part II. Chs. 1 and 2.

7.    Sidgwick.  “       “      Book II. Ch. 8.

8*.  Walker.     “       “      Part IV. Ch. 5.

9*.  Hadley. Economics. Ch. 10.

10*. Taussig. Wages and Capital. (Entire.)

11*.  Wages and the Theory of Value. Quart. Jour. Econ. Vol. VIII, P. 377.

 

VII. PROFITS.

1*.    Walker. Pol. Econ. Part IV. Ch. 4.

2*.    Hobson. The Law of the Three Rents. Quar. Jour. Econ. Vol. V. P. 263.

3.      Clark. Insurance and Business Profits. Quar. Jour. Econ. Vol. VII. P. 40.

4*.    Hawley, F. B. in Quar. Jour. Econ. Vol. VII. P. 459.

5.      MacVane, in           “         “       “,  Vol. II. P. 1.

6.      Haynes, in               “     “       “     Vol. IX, P. 409.

 

 

Clark’s Distribution of Wealth and parts of Böhm-Bawerk’s Positive Theory of Capital will be read during the second half-year.

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Source: Harvard University Archives. HUC 8522.2.1, Box 1 of 10 (Syllabi, course outlines and reading lists in Economics, 1895-2003). Folder: 1900-1901.

One reply on “Harvard Economics 2. Carver, 1900-01”

In a world with unlimited resources, I would put links to copies of all the reading lists that I am planning to post. But as anyone can imagine, it does take some time to find and link. This was more-or-less an experiment. Honestly, I was somewhat surprised that I was able to get every item linked.

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