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Economists Harvard Stanford

Harvard. Economics Ph.D. Alumnus, W. Glenn Campbell, 1948

 

In the last post we came across a young co-instructor for Harvard’s Principles of Economics course during the 1949-50 academic year, Wesley Glenn Campbell. This 1948 Harvard Ph.D. went on to become “the man who built the Hoover Institution“.

Campbell was born April 19, 1924 in Lobo Township in Ontario, Canada and died November 24, 2001 in Los Altos Hills, California. He was married to fellow economist, Rita Ricardo-Campbell.

____________________

Ph.D. Thesis

Wesley Glenn Campbell, B.A. (Univ. of Western Ontario) 1944, A.M. (Harvard Univ.) 1946.

Subject, Economics. Special Field, Public Finance. Thesis, “Impact of Social Security Expenditures on Canadian Government Finance.”

Source: Harvard University. Report of the President of Harvard College, 1947-48, p. 174.

____________________

From the national press

“…his conservative thinking prompted Harvard colleagues, in his view, to force him out for political reasons. Dr. Campbell served as research economist for the U.S. Chamber of Commerce from 1951 to 1954, then as director of research for the American Enterprise Association in Washington, until Hoover tapped him to move to Stanford.”

Source:  From the Washington Post obituary (December 1, 2001).

“President Herbert Hoover appointed Dr. Campbell to head the Hoover Institution in an effort to keep what Hoover called left-wingers from gaining control of it. Three months after Mr. Campbell’s appointment, the Stanford faculty tried to end the institution’s autonomy and put it under direct university control. Hoover, then 86, ended this initiative with the flick of his pen.”

Source: From the New York Times obituary (November 28, 2001)

____________________

Stanford Obituary

W. Glenn Campbell, the outspoken director of the Hoover Institution who built it into an internationally known think tank, died Nov. 24 of a heart attack at his home in Los Altos Hills. He was 77.

A funeral service will be held at 1 p.m. Thursday at the Los Altos Chapel of Spangler Mortuaries at 399 San Antonio Road. Plans for a memorial service on campus are pending.

Hoover Director John Raisian said that his predecessor, who retired in 1989, “served this institution magnificently. He was an institution builder, an advocate of freedom and a contributor to our nation’s well-being.”

In 1960, Campbell, a free-market economist, was handpicked by former President Herbert Hoover to run his library. Under Campbell’s 29-year leadership, the Hoover Institution on War, Revolution and Peace grew into a powerful think tank. Its endowment grew from $2 million to more than $125 million and it more than tripled in size physically.

“He was the man who built the Hoover Institution,” said Senior Fellow Melvyn Krauss. “And he was an early founder of think tanks in the United States. He was a terrific fundraiser and he brought outstanding people to Hoover.”

Former U.S. Secretary of State George Shultz said Campbell’s guiding idea in both politics and economics was his “continual fight for freedom. That led him to all sorts of positions that were controversial at the time, but not anymore,” Shultz said. “He was a dedicated anti-Communist and a severe critic of the Soviet Union. Now people say, ‘You were right after all.'” He was also dedicated to market solutions, not government solutions, to economic problems, Shultz said.

Senior Fellow Bruce Bueno de Mesquita said Campbell successfully turned an obscure library into one of the world’s leading think tanks. “We had possibly one of the largest sets of Nobel laureates in economics affiliated with Hoover,” he said. Campbell chafed at the description of Hoover as a conservative think tank, Bueno de Mesquita said: “Glenn was much broader in his vision. He hired extraordinary people. Glenn did have a political side but also an academic side.” The fellows included economist Milton Friedman; physicist Edward Teller, designer of the hydrogen bomb; Soviet expert Robert Conquest; and Shultz.

Krauss said Campbell successfully hired high-profile stars, such as Friedman, after they retired from other institutions. At first, “it was tough for us to get mainline people,” he said. “Glenn was ingenious in his strategy of creating ‘over-age’ appointments.” And by establishing joint appointments between Hoover and Stanford departments, a move that allowed scholars to earn a higher salary, Krauss said, the university became more competitive in attracting top people.

Campbell was a longtime supporter of former President Ronald Reagan, whom he met when the one-time actor ran for governor of California. In 1968, Reagan appointed Campbell to the Board of Regents of the University of California. He served as a regent for 28 years, often clashing with UC’s administration. In 1969, for example, he sided with Reagan in his crackdown on student protests over the Vietnam War.

Krauss said that Campbell’s close relationship with Reagan benefited Hoover. “When he became president, we had a bonanza,” he said. Many of the fellows went on to serve in Washington, D.C., and helped create the ideological framework for the “Reagan revolution.”

Referring to the Hoover Institution book, The United States in the 1980s, former Soviet leader Mikhail Gorbachev said, “We have read this book and have watched all its programs become adopted by the Reagan administration.”

Campbell’s close relationship with the Republican Party, however, often caused him to have run-ins with Stanford. In 1987, the university thwarted Campbell’s effort to bring the Ronald Reagan Presidential Library and Public Affairs Center to campus. Stanford’s trustees extended to Reagan an invitation to build the library, but not the public affairs center, concerned that the latter would turn into a conservative think tank. Reagan initially accepted the offer but later established his library in Southern California.

A year later, the trustees, citing a mandatory retirement age policy, informed Campbell that he would have to retire in 1989, the year he turned 65. Campbell fought to stay on but, after securing a generous retirement package, stepped down and was appointed counselor to the director. In 1994, Campbell was named director emeritus.

Campbell was born on a farm in Lobo Township in Ontario, Canada. He graduated from the University of Western Ontario in 1944 with honors in economics and political science. In 1948, he graduated from Harvard University with a doctorate in economics.

Campbell is survived by his wife of 55 years, Rita Ricardo-Campbell, a Hoover senior fellow emerita; sisters Marjorie Wyatt and Evelyn McClary of Ontario, Canada; daughters Nancy Yaeger of Los Angeles, Diane Campbell of Irvine and Barbara Gray of Walnut Creek; and four grandchildren.

Source: Lisa Trei, “Glenn Campbell, former Hoover director, dead at 77”, Stanford Report, November 28, 2001.

Image source: Image reduced from portrait ca. 1965 of Wesley Glenn Campbell in the Campbell Family Tree 2 at ancestry.com

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Economics Graduate Programs Ranked in 1925

 

Filed away in the archived records of the University of Chicago’s Office of the President is a copy of a report from January 1925 from Miami University (Ohio) that was based on a survey of college and university professors to obtain a rank ordering of graduate programs in different fields. The following ordering for economics graduate programs 1924-25 is based on two dozen responses. I have added institutional affiliations from the AEA membership list of the time and a few internet searches. The study was designed to have a rough balance between college and university professors and a broad geographic representation. What the study lacks in sophistication will amuse you in its presumption.

_____________________

This rating was prepared in the following way: The members of the Miami University faculty representing twenty fields of instruction were called together and a list of the universities which conceivably might be doing high grade work leading to a doctor’s degree in one or more subjects was prepared on their advice. Each professor was then requested to submit a list of from forty to sixty men who were teaching his subject in colleges and universities in this country, at least half of the names on the list to be those of professors in colleges rather than in universities. It was further agreed that the list should be fairly well distributed geographically over the United States. [p. 3]

 

ECONOMICS

Ratings submitted by: John H. Ashworth [Maine] , Lloyd V. Ballard [Beloit], Gilbert H. Barnes [Chicago], Clarence E. Bonnett [Tulane], John E. Brindley [Iowa State], E. J. Brown [Arizona], J. W. Crook [Amherst], Ira B. Cross [California], Edmund E. Day [Michigan], Herbert Feis [ILO], Frank A. Fetter [Princeton], Eugene Gredier, Lewis H. Haney [N.Y.U.], Wilbur O. Hedrick [Michigan State], Floyd N. House [Chicago], Walter E. Lagerquist [Northwestern], W. E. Leonard, L. C. Marshall [Chicago], W. C. Mitchell [Columbia], C. T. Murchison [North Carolina], Tipton A. Snavely [Virginia], E. T. Towne [North Dakota], J. H. Underwood [Montana], M. S. Wildman [Stanford].

 

Combined Ratings:  (24)

1 2 3 4-5
Harvard 20 4 0 0
Columbia 11 9 2 1
Chicago 9 7 3 2
Wisconsin 8 7 4 2
Yale 3 3 9 3
Johns Hopkins 2 4 8 3
Michigan 0 6 4 5
Pennsylvania 0 3 6 8
Illinois 0 5 4 4
Cornell 0 2 7 5
Princeton 2 1 4 4
California 0 3 4 5
Minnesota 0 2 4 6
Northwestern 0 2 3 6
Stanford 0 1 4 6
Ohio State 0 1 2 8
Toronto 0 2 2 3

Staffs:

HARVARD: F.W. Taussig, E.F. Gay, T.N. Carver, W.Z. Ripley, C.J. Bullock, A.A. Young, W.M. Persons, A.P. Usher, A.S. Dewing, W.J. Cunningham, T.H. Sanders, W.M. Cole, A.E. Monroe, H.H. Burbank, A.H. Cole, J. H. Williams, W.L. Crum, R.S. Meriam.

COLUMBIA: R.E. Chaddock, F.H. Giddings, S.M. Lindsay, W.C. Mitchell, H.L. Moore, W. Fogburn, H.R. Seager, E.R.A. Seligman, V.G. Sinkhovitch, E.E. Agger, Emilie J. Hutchinson, A.A. Tenney, R.G. Tugwell, W.E. Weld.

CHICAGO: L.C. Marshall, C.W. Wright, J.A. Field, H.A. Millis, J.M. Clark, Jacob Viner, L. W. Mints, W.H. Spencer, N.W. Barnes, C.C. Colby, P.H. Douglas, J.O. McKinsey, E.A. Duddy, A.C. Hodge, L.C. Sorrell.

WISCONSIN: Commons, Elwell, Ely Garner, Gilman, Hibbard, Kiekhofer, Macklin, Scott, Kolb, McMurry, McNall, Gleaser, Jamison, Jerome, Miller, S. Perlman.

YALE: Olive Day, F.R. Fairchild, R.B. Westerfield, T.S. Adams, A.L. Bishop, W.M. Daniels, Irving Fisher, E.S. Furniss, A.H. Armbruster, N.S. Buck.

JOHNS HOPKINS: W.W. Willoughby, Goodnow, W.F. Willoughby, Thach, Latane.

MICHIGAN: Rodkey, Van Sickle, Peterson, Goodrich, Sharfman, Griffin, May, Taylor, Dickinson, Paton, Caverly, Wolaver.

PENNSYLVANIA: E.R. Johnson, E.S. Mead, S.S. Heubner, T. Conway, H.W. Hess, E.M. Patterson, G.G. Huebner, H.T. Collings, R. Riegel, C.K. Knight, W.P. Raine, F. Parker, R.T. Bye, W.C. Schluter, J.H. Willits, A.H. Williams, R.S. Morris, C.P. White, F.E. Williams, H.J. Loman, C.A. Kulp, S.H. Patterson, E.L. McKenna, W.W. Hewett, F.G. Tryon, H.S. Person, L.W. Hall.

ILLINOIS: Bogart, Robinson, Thompson, Weston, Litman, Watkins, Hunter, Wright, Norton.

CORNELL: W.F. Willcox, H.J. Davenport, D. English, H.L. Reed, S.H. Slichter, M.A. Copeland, S. Kendrick.

PRINCETON: F.A. Fetter, E.W. Kemmerer, G.B. McClellan, D.A. McCabe, F.H. Dixon, S.E. Howard, F.D. Graham.

CALIFORNIA: I.B. Cross, S. Daggett, H.R. Hatfield, J.B. Peixotte, C.C. Plehm, L.W. Stebbins, S. Blum, A.H. Mowbray, N.J. Silberling, C.C. Staehling, P.F. Cadman, F. Fluegel, B.N. Grimes, P.S. Taylor, Helen Jeter, E.T. Grether.

MINNESOTA: G.W. Dorwie, J.D. Black, R.G. Blakey, F.B. Garver, N.S.B. Gras, J.S. Young, A.H. Hansen, B.D. Mudgett, J.E. Cummings, E.A. Heilman, H.B Price, J.J. Reighard, J.W. Stehman, H. Working, C.L. Rotzell, W.R. Myers.

NORTHWESTERN: Deibler, Heilman, Secrist, Bailey, Pooley, Eliot, Ray Curtis, Bell, Hohman, Fagg.

STANFORD: M.S. Wildman, W.S. Beach, E. Jones, H.L. Lutz, A.C. Whitaker, J.G. Davis, A.E. Taylor, J.B. Canning.

OHIO STATE: M.B. Hammond, H.G. Hayes, A.B. Wolf, H.F. Waldradt, C.O. Ruggles, W.C. Weidler, J.A. Fisher, H.E. Hoagland, H.H. Maynard, C.A. Dice, M.E. Pike, J.A. Fitzgerald, F.E. Held, M.N. Nelson, R.C. Davis, C.W. Reeder, T.N. Beckman.

Compiled with the assistance of J.B. Dennison, associate professor of economics.

 

Source:  Raymond Mollyneaux Hughes, A Study of the Graduate Schools of America. Oxford, OH: Miami University (January 1925), pp. 14-15.  Copy from University of Chicago. Office of the President. Harper, Judson and Burton Administrations. Records, Box 47, Folder #5 “Study of the Graduate Schools of America”, Special Collections Research Center, University of Chicago.

 

Image Source: Four prize winners in annual beauty show, Washington Bathing Beach, Washington, D.C. from the U. S. Library of Congress. Prints & Photographs. http://hdl.loc.gov/loc.pnp/cph.3b43364

 

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Economists Stanford

Stanford. Economic Ph.D. alumni, brothers Arthur Bruce and Donald Elliot Anthony, 1927-28

 

 

In the continuing series “Get to know an economics Ph.D.” we meet the brothers Arthur Bruce Anthony (1892-1974) and Donald Elliot Anthony (1899-1974). The brothers each earned an economics Ph.D. from Stanford in 1927 and 1928, respectively.

Arthur Bruce Anthony’s 1927 dissertation: “Some influences tending toward American economic imperialism…”
Donald Elliot Anthony’s 1928 dissertation: “Labor Conditions in the Canning Industry in the Santa Clara Valley of the State of California”.

The original starting point for this post was a one-page typed outline c.v. for “A.B. Anthony” apparently submitted sometime in 1928 to the Harvard economics department as part of Arthur Bruce Anthony’s job search following his 1927 Stanford Ph.D. What struck me in reading his c.v. was the list of courses taught and their respective textbooks.

The brothers were born in the City of Berkeley, California. Their parents were Arthur Kellogg Anthony and Minnie Elliot  Anthony (née Buckelow).

 Arthur Bruce Anthony was born May 22, 1892 and died May 4, 1974.
Donald Elliot Anthony was born November 30, 1899 and died in Kent, Ohio in September, 1974 (According to the Social Security Death Index September 9, State of Ohio Death Records September 5, Find-A-Grave index September 7).

 The older brother, Arthur, began his final university appointment (in economics) at Mercer University (Georgia) immediately after the end of the Second World War.  The younger brother, Donald, appears to have spent his entire teaching career (business administration) starting 1929 at Kent State University (Ohio).

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Arthur Bruce Anthony’s c.v. ca. 1928

Academic Record

A.B., Stanford, 1919; M.A., Stanford, 1921; Ph.D., Stanford, 1927.
Graduate Student, Cornell University, 1922-23.
Graduate Student, University of Chicago, summers of 1921-22, 1924-25, resp.
Thesis Field: International Economic Relations.
Stanford University Fellowship, 1925-26.
Graduate Student, Stanford University, summer of 1926-27.

Note. In addition to my A.B. work in Economics, I have the equivalent of A.B. work at Stanford in History, and also in Philosophy.

Teaching Record.

Butler University, Indianapolis, 1921-22. Instructor in Economics.
Cornell University, 1922-23. Instructor in Economics.
University of Pittsburgh, 1923-24, 1924-25. Instructor in Economics.
St. Louis University, 1926-27, 1927-28. Head of Dept. of Economics.1
Total Teaching Time, six years. (June, 1928.)

1Note: The Dean of the Department of Commerce and Finance in St. Louis University doe not believe in separate ranks for his teachers.

Subjects Taught.

Principles of Economics. Text, Taussig.
Principles of Economics. Text, Ely.
Money, Credit and Banking, Text. Jos. F. Johnson. Outside Readings.
Transportation. Text, Johnson and Van Metre. Outside Readings.
Foreign Exchange. Text, Whitaker. Outside Readings. Advanced Course.
Transportation. (Advanced Course.) Text, H.G. Brown, “Transportation Rates and Their Regulation.” Outside Readings, espec. W.Z. Ripley.
Economic Geography. Text, J.R. Smith. Outside Sources.
Elementary Sociology. Texts, E.A. Ross, and W.G. Beach (Stanford).
Graduate Seminar in Sociology.

References: Dr. M.S. Wildman, Stanford Univ; Dr. R.H. Jordan, Cornell Univ; Dr. Jacob Viner, Univ. of Chicago; Dr. M.O. McKay, Univ. of Pittsburgh.

(signed) A.B. Anthony

 

Source:  Harvard University Archives. Department of Economics, Correspondence & Papers 1902-1950. Box 3, Folder “A”.

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From Arthur Bruce Anthony’s 1957 AEA Handbook entry

Anthony, Arthur Bruce, Mercer Univ., Macon, Ga. (1949) Mercer Univ., prof. of econ., teach; b. 1892; A.B., 1919, M.A., 1921, Ph.D., 1927, Stanford; 1921-22, Cornell Univ.; 1923-24 Pittsburgh; summers, Chicago. Fields 5 [Economic Systems; Planning and Reform; Co-operation], 1 [General Economics], 9 [International Economics]. Doc. dis. Some tendencies towards economic imperialism. Pub. Economic and social problems of machine age (Univ. of Southern California Press, 1930); “Economic development of modern corporation,” in Georgia Corporation Law, Appendix (C. E. Nadler, 1950) Dir. W. W. in Amer., Dir. of Amer. Schol.

Source:  The American Economic Review, Vol. 47, No. 4, Handbook of the American Economic Association (Jul., 1957), p. 8.

____________________

New Head of Economics
[Mercer University, October 1946]

Dr. Arthur Bruce Anthony, Ph.D., Stanford University, ’27, arrived at Mercer with the fall session to be head of the Department of Economics. Having last taught at Park College, Parkville, Missouri, Dr. Anthony has served on the faculties of University of Southern California, University of Pittsburgh, Cornell University, Butler University, and Whitman College, and was connected with the War Department from 1941 to 1942.
He has had a book published, entitled Economic and Social Problems of the Machine Age.

Source:  The Mercerian, October, 1946, p. 6.

______________________

From Donald Elliot Anthony’s entry in
AEA 1948 List of Members

ANTHONY, Donald Elliot, Kent, Ohio. (1928) Kent State Univ., Dept. of Bus. Admin., dept. head, teach., res.; b. 1899; B.A., 1922, Stanford; M.A., 1923, Cornell Univ.; Ph.D., 1928, Stanford. Fields 16 [Labor], 12b [Public Regulation and Control of Business; Public Administration; Operation in War and Peace], 4a [Economic Systems and Policies]. Doc. dis. Problems of women and children in canning industry of central California. Pub. “How collective bargaining works,” Ch. 12, Rubber products (Twentieth Century Fund, 1942); “Filipino labor in central California,” Sociology and Soc. Res., Nov.-Dec., 1931; “An economist looks at the last decade,” Torch, Oct., 1941. Dir. Dir. of Schol.

Source:  The American Economic Review, Vol. 39, No. 1, The 1948 Directory of the American Economic Association (Jan., 1949), p. 6.

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Image Sources:  For Arthur Bruce Anthony, The 1951 Mercer University Yearbook (Cauldron).  For Donald Elliot Anthony, 1950 Kent State Yearbook (Chestnut Burr).

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Economics Faculty Salaries for 15 U.S. universities. Hart Memo, April 1961

 

Here we have a memo written by member of the Columbia University economics department executive committee, Albert G. Hart, that presents the results of what appears to be his informal polling of the chairpersons of 21 departments. Fifteen of the departments provided the salary ranges at four different ranks. No further details are provided, this one page memo was simply filed away in a folder marked “memoranda”. Maybe there is more to be found in Hart’s papers at Columbia University. Up to now I have only sampled Hart’s papers for teaching materials and perhaps next time, I’ll need to look into his papers dealing with departmental administrative affairs.

For a glance at salaries about a half-century earlier:  Professors and instructors’ salaries ca. 1907

________________

AGH [Albert Gailord Hart] 4/21/61

CONFIDENTIAL information on economic salaries, 1960-61, from chairmen of departments

Institution

Professors Associate professors Assistant professors

Instructors

Harvard

$12,000-22,000

$9,000-12,000 $7,500-8,700

$6,500

Princeton

$12,000-…?…

$9,000-11,500 $7,000-8,750

$6,000-6,750

California

$11,700-21,000

$8,940-10,344 $7,008-8,112

$5,916-6,360

MIT

$11,000-20,000

$8,000-11,000 $6,500-9,000

$5,500-5,750

Minnesota

$11,000-18,000

$8,500-11,000 $6,800-8,400

?

COLUMBIA

$11,000-20,000

$8,500-10,000 $6,500-7,500

$5,500-5,750

Northwestern

$11,000-…?…

$8,000-11,000 $6,800-7,500

?

Duke

$11,400-16,000

$8,200-10,000 $7,200-8,200

$5,800-6,500

Illinois

$11,000-15,000

$7,500-10,000 $6,900-8,600

$6,500-7,100

Cornell

$10,000-15,000

$8,000-10,000 $6,500-7,500

$5,500-6,500

Indiana

$10,000-14,800

$8,300-10,000 $6,500-7,500

?

Michigan

$10,000-…?…

$8,700-..9,500 $6,600-8,000

$5,000

Virginia

$..9,800-15,000

$7,800-..9,800 $6,600-7,800

?

Wisconsin

$..9,240-16,150

$8,000-..9,000 $6,550-8,460

$5,250-5,450

Iowa State (Ames)

$..8,500-13,000

$7,500-..8,500 $6,700-8,000

$4,700-6,600

[…]

Note: The following institutions for which data were not included in the source materials are believed to pay their economists at scales at or above the Columbia level:

Carnegie Tech
Chicago
Johns Hopkins
Stanford
Yale
UCLA

[…]

 

Source:  Columbia University Archives. Columbia University, Department of Economics Collection. Carl Shoup Materials: Box 11, Folder: “Economics—Memoranda”.

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Chicago. Friedman memo regarding Karl Bode and Moses Abramovitz, 1947

 

In the following 1947 memo from Milton Friedman to T.W. Schultz we can read two talent-scouting reports on potential appointments for the University of Chicago economics department. One candidate, Karl Bode had been vouched for by Allen Wallis, a trusted friend and colleague of Milton Friedman, but we can easily read Friedman’s own less than enthusiastic report on the meager published work examined, certainly compared to Friedman’s glowing report for his friend from Columbia student days, Moses Abramovitz. But comparing the publications listed in the memo, I certainly wouldn’t fault Friedman’s revealed preference for Abramovitz.

Abramovitz went on to have a long and distinguished career at Stanford and Bode left Stanford for government service with his last occupation according to his death certificate “Planning Director, Agency for International Development (A.I.D.)”

Since Karl Bode turned out to have cast a relatively short academic shadow, I have appended some biographical information about him at the end of this post. But for now just the vital dates: Karl Ernst Franz Bode was born November 24, 1912 in Boennien, Germany and he died March 18, 1981 in Arlington, VA.

__________________

Milton Friedman on Bode and Abramovitz

January 10, 1947

[To:] Mr. Schultz, Economics
[From:] Mr. Friedman, Economics
[Re:] Staff appointments

In connection with staff appointments, I thought it might be helpful if I put down on paper for you the information I have on two persons whose names I have casually mentioned: Karl Bode and Moses Abramovitz.

  1. Karl Bode (Assoc. Prof. of Economics, Stanford)

I know about Bode primarily from Allen Wallis. Allen considers him absolutely first-rate in all respects and recommends him very highly.

Bode, who is now in his early thirties, was born in Germany and, though Catholic of Aryan descent, and the holder of a highly-prized governmental fellowship, left Germany almost immediately after Hitler’s accession. He went first to Austria, then to Switzerland, where he took his Ph.D., in 1935, then to England, where he studied at Cambridge and at the London School. Bernard Haley met him while at Cambridge, was highly impressed with him, and induced him to come to Stanford, where he has been since 1937. He has been on leave of absence since early 1945, first with the Tactical Bombing Survey, then with the Allied Military Government in Berlin. He is expected back sometime this summer.

At Stanford, Bode is responsible for American and European Economic History, and, in addition, has taught advanced courses in Economic Theory. His original interest was in International Trade. He has a contract to write a text on Economic History, but I do not know whether on American or European Economic History.

I have obtained a list of his publications, most of which are fragments or reviews. Three of more general interest are:

(a) A. W. Stonier: “A New Approach to the Methodology of the Social Sciences”, Economica, Vol. 4, p. 406-424, Nov., 1937.

(b) “Plan Analysis and process analysis: AER, 33-348-54, June 1943.

(c) “A Note on the Mathematical Coincidence of the instantaneous and the serial multiplier”, Review of Economic Statistics, 26: 221-222, Nov. 1944.

I have read these. They are too slight to permit a reliable and comprehensive judgment about his capacities; but they are sufficient to demonstrate a clear, logical mind.

Allen tells me that Schumpeter, Haberler, Howard Ellis, and of course, the Stanford people all know him and could provide evidence about his abilities.

 

  1. Moses Abramovitz (member of research staff in charge of business cycle unit, National Bureau of Economic Research.)

Abramovitz got his bachelor’s at Harvard, his Ph.D. at Columbia. He has done some part-time teaching of Theory at Columbia. During the war he was with the Office of Strategic Services, where he worked on foreign economic conditions. He was a member of the reparations commission staff at both the Moscow and Paris Conferences.

Abramovitz and I were fellow graduate students at Columbia, and I have known him rather well ever since. I think him extremely capable, with an excellent mind, broad interests, and an extraordinary capacity for forming a sound judgment from conflicting evidence.

His academic and private research background is mostly in Economic Theory and Business Cycles; but the war years gave him a considerable background, and generated a real interest, in foreign economic relations.

Some of his writings are:

Selected Publications:

An Approach to a Price Theory for a Changing Economy, Columbia University Press, 1939.

Monopolistic Selling in a Changing Economy, Q.J.E., Feb., 1938.

Saving vs Investment: Profits vs Prosperity?Supplement on papers relating to the TNEC, Am. Econ. Rev., June, 1942.

Book on Cyclical behavior of inventories completed and scheduled to be published shortly by Nat’l Bureau of Economic Research.

M.F.

ab

* * * * *

PUBLICATIONS OF KARL BODE

A new approach to the methodology of the social sciences. (With A.W. Stonier): Economica, vol. 4, pp. 406-424, November, 1937.

Prosperität und Depression: Zeitschrift für Nationalökonomie, vol. 8, pp. 597-614, December, 1937.

Review of: Plotnik, M.J. Werner Sombart and his type of economics. 1937. American Economic Review, 28: 522-523, September, 1938.

Review of: Sombart, Werner. Weltanschauung, Wissenschaft und Wirtschaft. 1938. Ibid., 28: 766, December, 1938.

The acceptance of defeat in Germany: Journal of abnormal and social psychology, 38: 193-198, April, 1943.

Plan analysis and process analysis: American Economic Review, 33: 348-354, June, 1943.

Review of: Day, C. Economic Development in Europe. 1942:Journal of economic History, 2: 225-227, November, 1942.

Catholics in the postwar world: America, 71: 347-348, July, 1944

Economic aspects of morale in Nazi Germany: Pacific Coast Economic Association: Papers, 1942. pp. 29-34, 1943.

Reflections on a reasonable peace: Thought, 19: 41-48, March, 1944

Review of: Dempsey, B.W. Interest and usury. 1943: Ibid., 18: 756-758, December, 1943.

German reparations and a democratic peace: Thought, 19: 594-606, December, 1944

A note on the mathematical coincidence of the instantaneous and the serial multiplier: Review of Economic Statistics, 26: 221-222, November, 1944.

 

Source:Hoover Institution Archives. Papers of Milton Friedman, Box 79, Folder 1 “University of Chicago, Minutes. Economics Department 1946-1949”.

__________________

Karl F. Bode
AEA 1969 Directory of Members, p. 41.

Bode, Karl F., government; b. Germany, 1912; student, U. Bonn-Germany, 1931-33, U. Vienna-Austria, 1933-34; Ph.D., U. Bern-Switzerland, 1935; Cambridge-England, 1935-37. DOC.DIS. The Concept of Neutral Money, 1935. FIELDS 2abc, 1c, 4a. Chief, Regional Organization & Program Staff, Intl. Cooperation Adm., 1955-60, asst. dep. dir. for planning, 1960-62; chief, Planning Assistance & Research Div., Agy. for Intl. Dev., 1962-67; dir., Research, Evaluation & Information Retrieval, Agy. for Internat. Dev. since 1967. ADDRESS Vietnam Bur., Agy. for Internat. Dev., Dept. State, Washington, DC 20523.

__________________

 Haberler Report of Mises’s Private Seminar

Regular participants of the seminar were several members of the Mont Pelerin Society – notably Hayek, Machlup, the late Alfred Schutz and in the very early days, John V. Van Sickle. Visiting scholars regarded it a great honor to be invited to the seminar – among them Howard S. Ellis (University of California), Ragnar Nurkse (late Professor of Economics in Columbia University, New York) whose untimely death occurred three years ago, Karl Bode (later in Stanford University and now in Washington), Alfred Stonier (now University College in London), and many others. There was Oskar Morgenstern (now Princeton University), the late Karl Schlesinger and Richard Strigl, two of the most brilliant economists of their time…the unforgettable Felix Kaufmann, philosopher of the Social Sciences in the broadest sense including the law and economics – he also wrote a much debated book on the logical foundation of mathematics – who after his emigration in 1938 joined the Faculty of the New School for Social Research in New York where he taught with great success until his premature death twelve years ago.

Source: Mises’s Private Seminar: Reminiscences by Gottfried Haberler. Reprint from The Mont Pelerin Quarterly, Volume III, October 1961, No. 3, page 20f. Posted at the Mises Institute website.

__________________

 From the Preface of Felix Kaufman’s 1936 book

For the critical editing of the manuscript and of the galleys, I wish to thank most heartily a number of friends in various countries, expecially Dr. Karl Bode, presently of St. John’s College, Cambridge and Dr. Alfred Schütz of Vienna. Dr. Bode has also taken upon himself the great labor of preparing both indexes.

Source: Felix Kaufmann. Theory and Method in the Social Sciences. [English translation of Methodenlehre der Sozialwissenschaften. Wien: Julius Springer, 1936.] from Felix Kaufmann’s Theory and Method in the Social Sciences, Robert S. Cohen and Ingeborg K. Helling (eds.). Boston Studies in the Philosophy and  History of Science, 303. Springer: 2014.

__________________

 Reports from The Stanford Daily

The Stanford Daily, Volume 93, Issue 47, 29 April 1938

Several distinguished scholars from other universities will join the Stanford faculty next year…Dr. Karl Franz Bode, formerly on the faculty of St. John’s College, Cambridge University, England, was appointed assistant professor of economics to succeed Dr. Donald M. Erb who was appointed president of the University of Oregon….

 

The Stanford Daily, Volume 100, Issue 02, 23 September 1941, p. 1.

Econ Department Changes Classes… History of Currency Problems, 118, will he given in fall quarter rather than in the spring quarter. It is a five-unit course, taught MTWThF at 11 a.m. in Room 200Q by Karl F. Bode. Economics 1 and 2 are prerequisites….

 

The Stanford Daily, Volume 103, Issue 86, 28 May 1943, p. 1.

Wilbur Names New Faculty Promotions. Promotions and appointments of faculty members for the academic year 1943-1944 were announced yesterday by Chancellor Ray Lyman Wilbur. … Those promoted from assistant professor to associate professor are … Dr. Karl F. Bode, economics….

 

The Stanford Daily, Volume 111, Issue 20, 7 March 1947, p. 3

President Donald B. Tresidder yesterday announced 37 faculty promotions. The promotions include 11 faculty members to full professorships, six to associate professorships, and two to assistant professorships, together with promotion of 18 members of the clinical faculty at the Stanford School of Medicine in San Francisco….

To professorships … Karl F. Bode, in economics…

 

The Stanford Daily, Vol 119, Issue 7, 13 February 1951, p. 1.

Dr. Karl F. Bode, Stanford economics professor on leave for government duty in Germany, has been appointed deputy economic adviser, Office of Economic Affairs, it has been announced by the office of the U.S. High Commissioner for Germany. Dr. Bode will be stationed in Bonn, Germany. He has been acting chief of the program division in the Office of Economic Affairs.

 

Image Source: Karl Bode from the 1939 Standford Quad.

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Harvard. Memo on Master’s degree requirements in ten other departments, 1935

 

The following memo was found in the papers of the Harvard department of economics outlining the formal requirements for the award of a master’s degree in economics for ten other departments ca. 1935.  Harvard requirements for 1934-35 have been previously posted here at Economics in the Rear-View Mirror.

____________________

REQUIREMENTS FOR A.M. IN ECONOMICS

University of Chicago
—Catalogue Vol. XXV, March 15, 1935—
No. 7, p. 293.

“The specific requirements for the Master’s degree are:

  1. A minimum of 8 courses, or their equivalent (of which at least 6 must be in Grades II and III above*). Either in his undergraduate or graduate work the candidate should cover the substantial equivalent of the requirements for the Bachelor’s degree in economics…(May be shown by examination.)
  2. A thesis involving research of at least semi-independent character.
  3. A final examination (either oral or written at discretion of the department). The examination is on the thesis and its field and on one other field chosen by the candidate.
  4. All candidates…are expected to show ability to think clearly…on abstract economic questions, and familiarity with terms and common concepts of economic science.

No language requirement for A.M. apparently.

No set time limit, but (p. 282) they seem to regard three of work in economics (either as graduate or as undergraduate) as “normal preparation” although “exceptionally capable” students may do it in less time.

* Grade II and III being respectively survey and problem courses (II), and Research, reading and seminar courses (III). Grade I includes intermediate courses.

 

Stanford University

  1. One academic year of graduate work (A “normal time” but also minimum).
  2. Thesis
  3. Examinations (general or final and at discretion of department).

 

Cornell University

  1. At least one full year of residence at Cornell.
  2. “No student may be admitted to candidacy for any of the degrees of A.M., M.S.,…, or Ph.D. whose training has not included work in a foreign language equivalent to three units of entrance in one language or two in each of two languages.
  3. A thesis or (at departmental discretion) an essay.
  4. Written or oral (at departmental discretion) final examination.

He must show a knowledge of:

Three special fields, such as: in Economic Theory and History:

(1) Good general knowledge of history of economic thought, including classical school and contemporary.
(2) Familiarity with economic analysis and controversial area of economic thought.
(3) A background knowledge of social and intellectual history.

or in Monetary Theory:

One requirement:
(1) A detailed understanding of the theory and history of money; monetary system of the United States, theory and history of banking; banking system of United States, foreign exchange, monetary aspects of cyclical fluctuations.

No specific course requirements as far as I can see.

 

University of Minnesota

  1. At least one full academic year’s work (in residence).
  2. Thesis required.
  3. Nine credit hours each quarter of graduate courses for three quarters.
  4. He must have done in three years (undergraduate) work in his major subject if it is open to freshmen, or two years otherwise.
  5. A reading knowledge of a foreign language to be determined by the department is necessary.
  6. An examination.

 

University of Michigan

  1. Residence requirement: One semester and one summer session, or three summer sessions; nine hours work a semester and six hours a summer session are minimum to establish residence at the respective sessions.
  2. A minimum of 24 hours of graduate work is required (i.e. necessary but not alone sufficient).
  3. Thesis may be required at discretion of department (apparently economics does not require it).

 

University of Wisconsin

  1. At least two semesters’ work, at least one of which to be at Wisconsin.
  2. An oral examination.
  3. A thesis may be required of students seeking to specialize in a definite line of study.

 

Princeton University

“After Commencement Day, 1935, the degree of M.A. will be awarded only to a student who has passed the general examination for the Doctor’s degree.” This implies a knowledge of French and German; and implies not less than two years graduate study. The examination may be written, oral, or both. One year of residence is required.

 

Yale University

  1. Two full years of resident graduate study required (but may be in less time in exceptional cases where unusual scholarship is demonstrated).
  2. Reading knowledge of either French or German.
  3. An essay is required of all candidates.
  4. (Apparently) A comprehensive written examination in field of concentration in Department of Economics (it is not specified for which degree so that it seems to apply to both M.A. and Ph.D.).

 

Columbia University

  1. “The candidate shall have registered for and attended courses aggregating not less than thirty tuition points, distributed over a period of not less than one academic year or its equivalent.”
  2. “The candidate shall have satisfied the department of his choice that he has satisfied requirements specified by the department for the degree.” (May include courses, examination, an essay, seminars, or “other work”.)

 

University of California

“There are required 20 semester units and in addition a thesis.”

“At least eight of the 20 units must be strictly graduate work.”

“The student must spend one year of residence.”

Rate of taking units:

“Graduate students in the regular session taking only upper division courses are limited to a program of 16 units” (a semester or a year? probably a semester).

“Graduate students…taking only graduate courses are limited to 12 units.” Mixtures are regulated in proportion thereto.

 

Source: Harvard University Archives. Department of Economics, Correspondence and Papers 1930-1961. (UAV 349.11) Box 13, Folder “Graduate Instruction, Degree Requirements.”

 

 

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Size distribution of graduate and undergraduate programs in economics. U.S., 1963-65

 

 

These are the last two statistical tables from the so-called “Cartel” summary report from December 1965 of leading economics departments in the U.S. intended to provide orientation for departmental chairpersons in salary negotiations. Today’s posting gives the numbers of undergraduate and graduate majors reported by 29 departments. 

Earlier postings gave the distribution for full-professors, the distribution for associate professors, and the distribution for assistant professors across departments. Two previous postings have the actual distributions for entering salaries for new Ph.D.’s for 1964-65 and 1965-66 and the anticipated range of salary offers for new Ph.D.’s for 1966-67. Those first five reports from The Cartel provide distributions of median or average incomes or ranges of salary offers by ranks across departments. Table 6c from the summary report that gives the salary distributions by rank for 335 professors, 143 associate professors and 185 assistant professors from all 27 departments.

Refer to the first posting in this series of tables for information about the compiler Professor Francis Boddy of the University of Minnesota and a list of the 30 departments belonging to the Chairmen’s Group.

____________________

 

TABLE 7c
Graduate majors in Economics – 29 institutions:

 

1963-64 1964-65 1965-66
(Estimate)
300 and over 2 2

1

200-299

0 0 2
150-199 3 4

5

100-149

6 5 6
80-99 4 4

3

60-79

5 7 5
40-59 6 4

4

20-39

2 1 0
1-19 1 1

1

Number of departments reporting:

29

28

27

Total number of students:

2,963

3,057

3,118

____________________

 

TABLE 8C
Undergraduate majors in Economics – 29 institutions

 

1963-64 1964-65
300 and over 4

4

250-299

1 1
200-249 3

2

150-199

4 6
100-149 8

5

80-99

1 1
60-79 2

1

40-59

2 3
20-39 1

1

1-19

1

1

Number of departments reporting:

27

25

Total number of students:

4,550

4,312

 

Source: Johns Hopkins University. The Ferdinand Hamburger, Jr. Archives. Department of Political Economy, Series 5, Box 6, Folder 2 “Statistical Information”.

Image Source: quick meme website.

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Economics Professors’ Salaries by Rank (6), 1965-66

 

 

This is the sixth table from the so-called “Cartel” summary report from December 1965 of 9-10 month salaries paid in U.S. economics departments. In the previous five tables The Cartel reports median or average incomes or ranges of salary offers by ranks across departments. In this posting we have Table 6c from the summary report that gives the salary distributions by rank for 335 professors, 143 associate professors and 185 assistant professors from all 27 departments.

Earlier postings gave the distribution for full-professors, the distribution for associate professors, and the distribution for assistant professors across departments. Two previous postings have the actual distributions for entering salaries for new Ph.D.’s for 1964-65 and 1965-66 and the anticipated range of salary offers for new Ph.D.’s for 1966-67.

Refer to the first posting in this series of tables for information about the compiler Professor Francis Boddy of the University of Minnesota and a list of the 30 departments belonging to the Chairmen’s Group.

Using the BLS web CPI Inflation calculator, one can inflate nominal levels (say for December 1965, the date of the report) to April 2017 using a factor of 7.69.

 

____________________

TABLE 6c

Salaries of Economists (9-10 month, academic year, 1965-66) in 27 of the 29 Departments of Economics (The Cartel):
N = Number of Persons

MID POINT OF RANGE PROFESSORS ASSOCIATE PROFESSORS ASSISTANT PROFESSORS
26,750/and over 2
26,500 0
26,000 2
25,500 1
25,000 8
24,500 0
24,000 4
23,500 2
23,000 7
22,500 2
22,000 12
21,500 7
21,000 10
20,500 5
2,0000 22
19,500 10
19,000 13
18,500 11
18,000 24
17,500 8
17,000 19
16,500 23
16,000 27
15,500 20 1 0
15,000 21 2 1
14,500 14 2 0
14,000 22 10 0
13,500 10 12 0
13,000 10 13 1
12,500 7 18 2
12,000 6 20 1
11,500 3 21 7
11,000 3 13 9
10,500 0 18 18
10,000 0 9 35
9,750 1 9
9,500 2 28
9,250 1 11
9,000 0 24
8,750 0 8
8,500 0 13
8,250 2
8,000 15
7,750 1
N=335 N=143 N=185

 

Source: Johns Hopkins University. The Ferdinand Hamburger, Jr. Archives. Department of Political Economy, Series 5, Box 6, Folder 2 “Statistical Information”.

Image Source:  “Me and my partner” by C. J. Taylor on cover of Punch, December 25, 1889. Library of Congress Prints and Photographs Division Washington, D.C.

 

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Expected New PhD Starting Salaries in U.S. Economics Departments (5), 1966/67

 

 

This is the fifth table from the so-called “Cartel” summary report from December 1965 of 9-10 month salaries paid in U.S. economics departments. Table 5c give figures for the anticipated range of salaries for “freshly completed PhD’s” for the coming academic year (1966-67) across the departments reporting. Earlier postings gave the distribution for full-professors, the distribution for associate professors, and the distribution for assistant professors. The previous posting has the actual distributions for entering salaries for new Ph.D.’s for 1964-65 and 1965-66. Refer to the first posting in this series of tables for information about the compiler Professor Francis Boddy of the University of Minnesota and a list of the 30 departments belonging to the Chairmen’s Group.

The copy of this table in the Johns Hopkins University archives has a useful handwritten addition. It is noted that the median lower bound of the range is $9,250 and the median higher bound of the range is $10,000. Thus one might say a measure of the range of the anticipated, as of December 1965), 9-10 month salary offers for “freshly completed PhDs” for 1966-67 was ($9,250 — $10,000), though such a range was not necessarily anticipated by any one of the 27 departments responding to that question.

Compared to Table 4c, this table tells us that the range of offers for “freshly completed PhDs” was anticipated to move up $250 about a 2.67% nominal increase from 1965-66 to 1966-67.

Using the BLS web CPI Inflation calculator, one can inflate nominal levels (say for December 1965, the date of the report) to April 2017 using a factor of 7.69.

 

____________________

TABLE 5c
Departments Expect to Have to Offer to Get
“Freshly Completed PhD’s for Next Year, 1966-67

 

MID-POINT OF RANGE

FROM TO
13,000 0

0

12,500

0 0
12,000 0

1

11,500

0 0
11,000 0

6

10,500

0 7
10,000 5

6

9,750

0 0
9,500 8

4

9,250

1 0
9,000 8

2

8,750

1 0
8,500 1

1

8,250

0 0
8,000 3

0

N=

27

27

 

Source: Johns Hopkins University. The Ferdinand Hamburger, Jr. Archives. Department of Political Economy, Series 5, Box 6, Folder 2 “Statistical Information”.

Image Source:  Caption under the drawing: “No class of labor feels the grip of grinding monopoly more than our underpaid, overworked ball-players.”  “The base-ball Laocoon” by L. M. Glackens. Cover of Punch, May 14, 1913. Library of Congress Prints and Photographs Division Washington, D.C.

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New PhD Starting Salaries in U.S. Economics Departments (4), 1964/5-1965/66

 

 

This is the fourth table from the so-called “Cartel” summary report from December 1965 of 9-10 month salaries paid in U.S. economics departments. Table 4c give figures for the distribution of salaries for “freshly completed PhD’s” across the departments reporting. Previous postings gave the distribution for full-professors, the distribution for associate professors, and the distribution for assistant professors. The next posting has the anticipated (as of December 1965) range of salaries to hire freshly completed PhD’s for the coming academic year, 1966-67. Refer to the first posting in this series of tables for information about the compiler Professor Francis Boddy of the University of Minnesota and a list of the 30 departments belonging to the Chairmen’s Group.

Using the BLS web CPI Inflation calculator, one can inflate nominal levels (say for December 1965, the date of the report) to April 2017 using a factor of 7.69.

______________________

TABLE 4c
Entering Salaries of “Freshly Completed PhD’s” of New Staff Members
in the Fall of 1965-66 1964-65

 

MINIMUM MEDIAN MAXIMUM
MID-POINT OF RANGE 1965-66 1964-65 1965-66 1964-65 1965-66

1964-65

Over 10,999

0 0 0 0 1 0
10,500 0 0 0 0 2

1

10,000

2 0 4 3 7 0
9,750 2 0 4 0 1

0

9,500

4 1 2 0 2 4
9,250 1 2 3 3 1

3

9,000

3 6 0 5 3 6
8,750 1 1 3 5 0

1

8,500

4 5 3 5 2 5
8,250 1 1 0 2 0

1

8,000

2 3 1 0 1 0
7,750 0 0 0 0 0

1

7,500

0 1 1 2 0 1
7,250 1 1 0 0 0

0

N=

21 21 21 25 20 23
Median $9,000 $8,500 $9,250 $8,750 $9,750

$9,000

Mean

$8,952 $8,583 $9,190 $8,820 $9,600

$8,913

 

Source: Johns Hopkins University. The Ferdinand Hamburger, Jr. Archives. Department of Political Economy, Series 5, Box 6, Folder 2 “Statistical Information”.