Columbia professor of economics and statistics and NBER researcher Frederick C. Mills was sent the following invitation to visit an open-house at Columbia’s Watson Scientific Computing Laboratory followed by a dinner in honor of Thomas J. Watson (IBM) that was to take place April 20, 1948.
From time to time I like to add a little budgetary detail. For the year 1911-12 assistant professor Robert E. Chaddock’s salary was $2500 (the top professor salary in economics, $6000, went to Henry R. Seager). Today’s post is a request for $500 of additional funds for the 1911-12 budget for the statistical laboratory run
__________________________ One detects George Stigler’s style in the justification below for the purchase of two pieces of calculating equipment for the use of economics faculty at Columbia in 1948: “…the economist requires more than a library, a pen, a desk, and possibly a crystal-ball to prosecute his studies. He requires empirical material, lots of it,
Here is an item to file away under the cost of computing. Henry Schultz, the young hot-shot professor for mathematical economics and statistics wanted a fully-automatic Monroe calculator with an electric motor drive (pictured above). With discounts, the calculator and stand cost $631. To get a relative price (in a hurry), I note that the