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Economics Programs Wisconsin

Wisconsin. Programmes of Political Economy, Political Science, and History. 1904-1905.

A few posts ago Economics in the Rear-view Mirror added the programme of the Department of Political Economy at the University of Chicago for 1904-05 to its collection of artifacts. The printed copy that I transcribed for Chicago was filed with an analogous publication of the University of Wisconsin from the same year. Both rest quietly in an archival box at Harvard containing records of the Division of History, Government, and Economics (the exact archival coordinates are provided at the end of this post).

Fun Fact: the text-book used for the graduate course on modern economic theory in 1904-05 was Gustav von Schmoller’s Grundriss der Allgemeinen Volkswirtschaftslehre. Erster Teil, (Leipzig, 1900.) Zweiter Teil (Leipzig, 1904). 

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Research Tip

Lampman, Robert J. (ed.). Economists at Wisconsin: 1892-1992. (Madison: University of Wisconsin, Department of Economics) 1993. A total of 380 pages of information on a century’s worth of insruction and research in the department of political economy/economics at the University of Wisconsin.

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University of Wisconsin
1904-1905

POLITICAL ECONOMY, POLITICAL SCIENCE, AND HISTORY.

Contents

Staff of Instruction
General Statement

Outline of Courses:

Political Economy
Political Science
History

Special Training Courses:

Statistics
Practical Sociology
Public Service
Journalism

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Staff of Instruction.

Van Hise, Charles R., Ph.D., LL.D., President of the University.

Birge, Edward A., Ph.D., Sc. D., LL.D., Dean of the College of Letters and Science.

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Commons, John R., A.M., Professor of Political Economy.

Ely, Richard T., Ph.D., LL.D., Professor of Political Economy.

Meyer, Balthasar H., Ph.D., Professor of Institutes of Commerce.

Munro, Dana C., A.M., Professor of European History.

Parkinson, John B., A.M., Vice-President of the University. Professor of Constitutional and International Law.

Reinsch, Paul S., Ph.D., Professor of Political Science.

Scott, William A., Ph.D., Director of the Course in Commerce. Professor of Political Economy.

Turner, Frederick T., Ph.D., Professor of American History.

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Adams, Thomas S., Ph.D., Assistant Professor of Statistics and Economics.

Burchell, D. Earle, Assistant Professor of Accounting and Business Practice.

Coffin, Victor, Ph.D., Assistant Professor of European History.

Fish, Carl R., Ph.D., Assistant Professor of American History.

Sparling, Samuel E., Ph.D., Assistant Professor of Political Science.

Blackmar, Frank W., Ph.D., Professor of Sociology and Economics in the University of Kansas. Lecturer in Economics.

Garrison, George P., Ph.D., Professor of History in Texas University. Lecturer in History.

Thwaites, Reuben G., Secretary and Superintendent of the Wisconsin Historical Society. Lecturer in History.

Woodburn, James A., Ph.D., Professor of American History in Indiana University. Lecturer in American History.

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Lorenz, Max O., A.B., Instructor in Economics.

Phillips, Ulrich B., Ph.D., Instructor in History.

Sellery, George C., Ph.D., Instructor in European History.

Taylor, Henry C., Ph.D., Instructor in Commerce.

Dowd, Jerome, A.M., Resident Lecturer in Sociology.

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Barnett, James D., A.B., Assistant in Political Science.

Lyle, Edith K., M.L., Assistant in History.

Putnam, James W., A.M., Assistant in History.

Tuthill, James E., A.M., Assistant in European History.

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Boggess, Arthur C., A.B., Fellow in History.

Field, Arthur S., A.B., Fellow in Economics.

Gannaway, John W., A.B., Fellow in Political Science.

Scholz, Richard F., A.B., Fellow in History.

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Faber, Charlotte A., A.B., Scholar in Economics.

Hockett, Homer C., B.L., Scholar in History

Lloyd-Jones, Chester, B.L., Scholar in Political Science.

Note, —The above lecturers, assistants, fellows, and scholars are members of the instructional staff for 1903-04. Appointments for 1904-05 have not been made as yet.

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General Statement.

                  The departments of Political Economy, Political Science, and History, though separate in organization, have arranged their work so as to coöperate with each other in a systematic attempt to cover the field of the historical and social sciences The undergraduate and graduate courses are so arranged as to furnish a comprehensive general knowledge of political economy, political science, European and American history.

                  Advanced courses and seminaries for special investigations offer an opportunity for detailed work in these allied subjects without sacrificing any to a hard and fast system. The student is thus given an opportunity to gain a sound knowledge of historical method, to secure training and knowledge in contemporary, social and political activities, and to provide for the comparative and analytical study of institutions.

                  The purpose of the department of Political Economy is to afford superior means for systematic and thorough study in economics and social science. The courses are graded and arranged so as to meet the wants of students in the various stages of their progress, beginning with elementary and proceeding to the most advanced work. They are also designed to meet the needs of different classes of students; as, for instance, those who wish to enter the public service, the professions of law, journalism, the ministry, or teaching, and those who wish to supplement their legal, theological or other professional studies with courses in economics or social science.

                  Capable students are encouraged to undertake original investigations, and assistance is given them in the prosecution of such work through seminaries and the personal guidance of instructors. A large fund has been placed at the disposal of the senior professor of the department to defray the expenses of an exhaustive investigation of the history of labor and allied movements in the United States, and special attention will be given to this field of research for several years.

                  The fundamental purpose of the department of History is to develop in the student the power to use critically and constructively the historical method. Familiarity with history and with the historical method of study is an essential element of a liberal education, promotes more intelligent citizenship, and is important in the special training for such professions as law, journalism, and the civil service. The department offers advanced courses leading to the master’s and doctor’s degrees, and prepares students for the teaching of history and for historical investigation. Numerous elementary and advanced courses are offered in the various fields of European history. Training in original research is given by means of seminaries and by special courses in palacography, diplomatics, historiography, editorial technique, and historical bibliography and criticism. In American history the aim is to give a thoroughly continental treatment to the subject. For the study of the interior and the southern states, exceptional opportunity is at. forded by the unique collections of the State Historical Society of Wisconsin and by special courses on western and southern history. Particular attention is given to the study of the evolution of the various sectional groupings — social, economic, and political — in the history of the United States, and to the physiographic factors in American development.

Libraries.

                  The libraries at Madison, all of which are at the service of members of the University, are five in number, viz., the Library of the University of Wisconsin, the Library of the State Historical Society of Wisconsin, the Library of the Wisconsin Academy of Sciences, Arts and Letters, the State Law Library, and the Madison Free Public Library. These libraries duplicate books only to supply exceptional demands, and have an effective strength approximately equal to the total number of volumes possessed by them. The total number of bound volumes and pamphlets exceeds 400,000.

                  The first three libraries above named are all housed in the new library building of the State Historical Society on the Lower Campus of the University. This building, erected by the State of Wisconsin at a cost of $620,000, was occupied in the fall of 1900, and affords exceptional facilities in the way of convenient and commodious quarters to University students. In the planning of the building, the special needs of the University were equally consulted. In the south half of the first floor are located three department libraries of the Historical Society, viz., documents, newspaper files, and maps and manuscripts. In the north end of this floor is a series of five fine seminary rooms, allotted to American history, European history, economics, political science, and mathematics. The greater part of the second or main floor is occupied by the general reading room and the periodical room, which are used in common by the two libraries. In these two reading rooms 275 readers may find ample accommodation at one time. In open cases in the reading room are shelved several thousand reference and “reserved” books. To these, as well as to the large collection of general and engineering periodicals in the adjoining periodical room, all readers have direct access. The main portion of both libraries is stored in the stack wing adjoining the delivery room on the west. Officers of the University have direct access to the shelves in all parts of the library, and students engaged in advanced work, upon recommendation of their instructors, are allowed access to those parts of the collection dealing with their special subjects.

                  In general, the library of the University of Wisconsin aims to be uniformly developed in all fields, but appropriations and gifts in recent years have rendered it especially strong in the lines of European history, economics, political science, and in Germanic and classical philology. During the academic year 1900-1901, the library received two notable gifts, one of $2,000 from three Milwaukee citizens for the purchase of books for the Course in Commerce, and the other of $2,645, contributed by friends of the University in New York City, Milwaukee, and elsewhere, to the departments of Economics and Political Science for the development of the library in those fields. These gifts have greatly increased the library facilities of the two schools mentioned. In December, 1901, the late President Charles Kendall Adams presented to the University his fine private library of 2,000 volumes, especially rich in material on European history. A gift of $500 from Mr. Frederick Vogel, of Milwaukee, in 1902, has been expended for a collection of 600 volumes in the field of political science and modern French legislative history.

                  The library of the State Historical Society is remarkably rich in manuscript and other material for the study of the history of the Mississippi valley. The collections of the late Dr. Lyman C. Draper are included in the library. These manuscripts are particularly useful for the study of the interior of Virginia, the Carolinas, and Georgia, and of Kentucky, Tennessee, and the Old Northwest. The Society files of newspapers, periodicals and the publications of historical societies are among the most complete in the United States. There is an unusually complete collection of published colonial records and the United States government documents, and the material for the study of American state and local history, western travel, the revolution, slavery, and the civil war, is abundant. Among the sources of English history, the Library possesses the Calendars of State Papers, the Rolls Series, the publications of the Records and Historical Manuscripts Commissions, as well as the journals and debates of Parliament, of almost all the important historical societies, and many works of local history. The Tank collection (Dutch) offers special resources for the study of the Netherlands.

                  More than 500 periodicals are regularly received. The University possesses complete sets of the most important historical, economic, political, and philological journals, and the current publications enable the students to follow the most recent investigations in the various sciences in Europe and America.

                  The State Law Library, of 32,500 volumes, and the especial library of the University College of Law, of 4,000 volumes, furnish an ample law library.

Graduate Work.

                  The graduate work in these departments may lead to the master’s degree in not less than one year, and to the doctor’s degree in not less than three years. Among the subjects offered, any one of the following may constitute a major in the work for a higher degree:

                  Political economy, political science, sociology, European history, or American history.

                  Any one of the following may constitute a minor:

                  Political economy, political science, sociology, statistics, jurisprudence (including public law and historical jurisprudence), administration, European history, or American history.

                  Candidates for the degree of Doctor of Philosophy are required to present in their principal subject the equivalent of at least two full graduate courses during three years; in their first subordinate the equivalent of at least one such course during two years; and in their second subordinate the equivalent of at least one such course during one year.

                  Candidates for the master’s degree must present in their principal subject the equivalent of at least two full graduate courses during one year; and in their subordinate subject the equivalent of at least one such course.

                  Special attention is here called to the fact that graduates who are pursuing the law course may prepare to take their master’s degree at the same time with the degree in law by completing the equivalent of two full studies during one year’s work. Graduates of the College of Law are encouraged to devote an additional year to broadening out their training in economics, polities, and jurisprudence.

                  The University offers each year fourteen fellowships of the annual value of $400, and honorary fellowships and scholarships whose holders are exempt from the payment of fees. One of the University fellowships is permanently assigned to American history, one to European history, and two to economics and political science; applications should be in the hands of the President of the University before May 1. There are also established by the University ten graduate scholarships, two of which are assigned to economics and political science, and one each to American and to European history. They represent an annual value of $225 each; the student pays an incidental fee of ten dollars per semester. For further information concerning the qualifications and duties of fellows see the University Catalogue for 1903-04, or the announcement of the Graduate School.

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OUTLINE OF COURSES.

Department of Political Economy.

Professor Ely, Professor Scott, Professor Meyer,
Professor Commons, Assistant Professor Adams,
Assistant Professor Burchell, Dr. Brauer,
Mr. Dowd, Mr. Lorenz, and Dr. Taylor.
Special lecturers: Professor
Blackmar, Mr. Hunter,
and Dr. Rosewater.

                  The work of this department has the following distinct but related aims:

  1. To provide instruction in economics and sociology for undergraduates in all the courses of the University.
  2. To provide advanced and graduate work in the studies falling within its field.
  3. To assist and encourage the development of these studies.
  4. With the coöperation of other departments, to provide special training courses for various practical pursuits.
  5. To supplement the work of the College of Law.

                  The requirements for an undergraduate major, in addition to the thesis are twenty-one semester hours as a minimum, selected in part from the introductory courses and in part from the advanced courses.

Primarily for Undergraduates.

  1. The Elements of Economic Science. A general survey based upon the study and discussion of a text-book, supplemented by lectures, assigned reading, and exercises. Required of sophomores in the Course in Commerce and of all students beginning the subject of economies. Repeated each semester; M., W., F., at 8, 9, and 10. Mr. Lorenz.
  2. The Elements of Sociology. A study of primitive man, followed by an investigation of the phenomena of civilized societies, leading up to a statement of the general principles of social evolution. First semester; M., W., F., at 10. Mr. Dowd.
  3. Elements of Public Finance. An introductory study of the general principles of public expenditure, public revenue, public indebtedness, and financial administration. First semester; M., W., F., at 9. Assistant Professor Adams.
  4. Agricultural Economics. This course is designed for short-course students in the College of Agriculture. Twelve lectures: December and January; Tu, Th., at Dr. Taylor.
  5. The Elements of Money and Banking. An introductory course, repeated each semester. In the first semester the course will be adapted to the needs of those who expect to continue the subject. In the second semester the needs of those who do not expect to specialize in banking and finance will be chiefly consulted. First semester; M., W., F., at 8; second semester at 9. Professor Scott.
  6. The Economic Functions of the State. This course has special reference to pharmacy. One lecture a week; first semester. Professor Meyer.
  7. Economic Geography. A general survey of the resources, industries, and commerce of the chief countries of the world, followed by a special study of the production and distribution of the staple articles of commerce, with special reference to the foreign trade of the United States. Throughout the year; M., W., F., at 8 and 9. Dr. Taylor.
  8. Business Administration. In this course students are given thorough instruction in bookkeeping, accounting, auditing, and the various other branches of business administration. The work is graded and arranged in three groups, adapted respectively to the attainments of sophomores, juniors, and seniors. In each group a careful study is made of office equipment, business relations, and administrative duties by means of lectures, text-books, and outside reading in trade journals, and this is followed by laboratory practice, each student being appointed to various positions, and promoted through the various branches of administrative work in merchandizing, manufacturing, banking and transportation.
    1. Sophomore Year. The work of this year centers in business forms and correspondence, bookkeeping, and clerical duties.
    2. Junior Year. The special feature of the work of this year is the study of legal forms, credit instruments, funding operations, accounting, and executive duties.
    3. Senior Year. During this year emphasis is placed upon the work of supervision and auditing, especially in connection with passenger transportation, light and power companies, savings institutions, insurance, jobbing, the commission business, brokerage, importing and exporting. Throughout three years; two hours a week. Assistant Professor Burchell.
  9. Commercial Law. The law of contracts, commercial paper, agency, partnership, corporations, sales, bailments, and insurance, treated from the point of view of the business man rather than the lawyer. Three times a week throughout the year. Dr. Brauer.
  1. Senior Seminaries for Thesis Students. Professor Meyer, Professor Scott, Assistant Professor Adams, and Dr. Taylor.

For Graduates and Undergraduates.

  1. Industrial Evolution and its Problems. A general survey of industrial development followed by an examination of special problems such as competition, monopolies and trusts, concentration of wealth, municipal ownership, the inheritance of property, etc. First semester; Tu., Th., at 10. Professor Ely.
  2. History of Economic Thought. The principal topics will be the following: the history of economic thought in classic antiquity; its subsequent development to the time of the mercantilists; the rise and growth of economics as a distinct branch of social science, with a brief discussion of existing schools of economic thought. Second semester; Tu., Th., at 10. Professor Ely.
  3. Modern Socialism. A study of the socialist movement during the nineteenth century, and an examination of the theories of those writers who are usually called socialists. First semester; Tu., Th., at 9. Mr. Lorenz.
  4. Economic Problems. This course is devoted principally to the important labor problems of the day: strikes, trades-unions, employers’ associations, arbitration, immigration, child labor, etc. Second semester; M., W., F., at 9. Assistant Professor Adams.
  5. Problems in Taxation. Comprehends the more concrete problems of the day: mortgage, railroad, insurance, and double taxation, the personal property and inheritance taxes, etc. May be taken by those who have not had course 3. Second semester; M., W., F., at 10. Assistant Professor Adams.
  6. Labor Legislation. Comprehends a study of the labor law of the United States and foreign countries, the practical working of important statutes, and the sphere and function of the labor law in general. First semester; M., W., F., at 10. Assistant Professor Adams.
  7. The Elements of Agricultural Economics. This course treats of the economic principles which underlie the prosperity of the farmer, and of all other classes so far as they are dependent upon agriculture. The subject is divided into two parts. In part one the point of view is that of the farmer, and in part two that of the nation as a whole. First semester; Tu., Th., at 12. Dr. Taylor.
  8. Historical and Comparative Agriculture. This course consists of lectures and assigned readings on the agriculture of the Romans; on the development of agriculture in England and the United States, and on the present status of agriculture in the most important countries, with an attempt to find the explanation of historical changes and geographical differences. Second semester; Tu., Th., at 12. Dr. Taylor.
  9. Agricultural Industries. An investigative course for seniors in the commercial and agricultural courses, and for other advanced students. Second semester; at hours to be arranged. Dr. Taylor
  10. Manufacturing Industries. An investigative course for seniors in the Course in Commerce, and for other advanced students. First semester; at hours to be arranged. Dr. Taylor.
  11. Social Statistics. Includes a study of vital statistics, suicide, crime, pauperism, etc. In this and the following course the laboratory method is followed. Students are required to do a thorough piece of statistical investigation under the immediate guidance of an instructor. This course is specially recommended to students taking thesis work in economics. Two lectures and two hours’ laboratory work a week, for which a credit of three-fifths is given. First semester; Tu., Th., at 12, and M. from 2 to4. Assistant Professor Adams and Mr. Lorenz.
  12. Economic Statistics. Prices, wages, family budgets, labor and financial statistics will be studied. Second semester; Tu., Th., at 12, and M. from 2 to 4. Assistant Professor Adams and Mr. Lorenz.
  13. Government Statistics. A course on public statistical bureaus: their organization, methods, and publications. Second semester; Tu., Th., at 11. Assistant Professor Adams.
  14. Currency History. A systematic presentation of the currency of England, France, Germany, and the United States. Special attention will be given to the history of bimetallism, to the development of the banking system of these countries, and to the chief monetary problems which have arisen in these nations, and the methods which were employed in their solution. An elementary knowledge of money and banking is needed as a preparation for this course. Second semester; M., W., F., at 8. Professor Scott.
  15. Corporation Finance and Securities. A study of the methods of financiering employed in great corporations, with special reference to the various sorts of negotiable securities which they issue, and the circumstances which affect their value. The course includes a study of the stock and produce exchanges, and of their relations to the business of banking. Open to students who have had Money and Banking. Lectures and assigned reading. First semester; Tu., Th., at 12. Professor Meyer.
  16. Transportation and Communication. This is a general introductory course dealing with the most important principles and facts relating to railways, waterways, and the express, telephone, telegraph, and post office services. Repeated each semester; M., W., F., at 9. Professor Meyer.
  17. Special Problems in Transportation. This is an advanced course in which the more important special transportation problems are discussed in detail. Each student pursues an independent line of investigation. Lectures and reports. Open to students who have had course 35 or its equivalent. Second semester; Tu., Th., at 9. Professor Meyer.
  18. Foreign Systems of Railways. This course embraces a study of the railways of the leading countries of the world, historically and economically. Each student may select the railways of a particular country, or read systematically in connection with the lectures on railways in different countries. Open to students who have had course 35 or its equivalent. Second semester; Tu., Th., at 8. Professor Meyer.
  19. This course deals with the general principles of the different forms of personal and property insurance and the main problems connected with each. Lectures and reading. Open to students who have had the Elements of Economic Science. First semester; Tu., Th., at 11. Professor Meyer.
  20. Modern Sociological Thought. A survey of sociological writers, beginning with Bodin and including the principal writers down to Gumplowiez, Schäffle, Giddings, and Small. First semester; M., W., F., at 8. Mr. Dowd.
  21. Charities and Corrections. This course embraces first, a study of the dependent class, with special reference to the slum conditions in London, New York, Chicago, and Philadelphia; second, the defective class and the institutional treatment of this class; the delinquent class, causes and prevention of crime, prison management and discipline. Reformatories and other public institutions will be visited. First semester; M., W., F., at 11. Mr. Dowd.
  22. Public and Private Charity. A comparative study of poor relief in the United States, England, and the principal continental countries. Second semester; M., W., F., at 11. (Omitted in 1905.) Mr. Dowd.
  23. Charity Organizations. A study of poverty in American cities, with special reference to the work of charity organization societies. Second semester; Tu., Th., at 9. (Omitted in 1905.) Mr. Dowd.
  24. Field Work. Students are encouraged to study charitable and correctional institutions in Madison and the vicinity, and opportunity is afforded for continuous work elsewhere during the summer months. During the past years students from the University have engaged in field work, and several of these students have taken up work of this kind as a career. It is believed that this method of continuous study, followed by field work, yields the best results. It is the aim of this department to furnish secretaries of charity organization societies, and other trained workers.

Primarily for Graduates.

  1. Economic History. A study of the development of economic institutions and economic doctrines, and of their influence upon each other and upon the other phases of social life. The period 1776 to 1850 will be studied in 1904-05. An investigative course for advanced students and graduates. Two sessions a week, at hours to be arranged. Credited as a full study. Professor Scott.
  2. Modern Economic Theory. Designed to give students some acquaintance with recent movements in economic theory, and practice in reading German texts. As a point of departure and contrast Schmoller’s Grundriss der Allgemeinen Volkswirtschaftslehre will be used as a text. Second semester; Tu., Th., at 9. Assistant Professor Adams.
  3. The Distribution of Wealth. Part I. This course deals chiefly with the fundamental institutions in the existing social order and their relation to the present distribution of wealth. The principal topics discussed are: private property, contract and its conditions, vested interests, custom, competition, monopoly, authority, and the caritative principle. First semester; M., W., Th., from 2:30 to 4:00. Professor Ely.
  4. Distribution of Wealth. Part II. This course deals with the shares of the various factors in distribution, viz.: rent[,] interests, profits, and wages. May be taken by those who have not had Part I, course 52. First semester; M., W., Th., from 2:30 to 4:00. (Omitted in 1904-05) Professor Ely.
  5. Public Finance. This course deals first with the nature of public finance as a science, and with its history, with the development and working of the public economy, and then proceeds to a discussion of public expenditures and a brief examination of public revenues. Second semester Tu., Th., from2:30 to 4:00. (Omitted in 1904-05.) Professor Ely.
  6. American Public Finance. Part I. The financial history of the United States. A critical and historical discussion of the finances of the federal government. Second semester; Tu., Th., 2:30 to 4:00. Professor Ely.
  7. American Public Finance. Part II. An historical and critical account of the finances of the American commonwealths and local political units. Second semester; Tu., Th., 2:30 to 4:00. (Omitted in 1904-05.) Professor Ely.
  8. The Theory of Taxation. This course covers the general theoretical problems of taxation, equality and uniformity, shifting and incidence, etc. First semester; Tu., Th., at 10. Assistant Professor Adams.
  9. Monopolies and Trusts. This course deals with the theories of monopoly, historically and critically; and examines the tendencies of large-scale business with reference to competition and monopoly. (Omitted in 1904-05.) Professor Ely.
  10. Principles of Transportation. This is a lecture course designed exclusively for graduates who do not desire to specialize in transportation. An endeavor will be made to present the most important facts and principles of railway development as illustrated in the leading countries of the world. Second semester; two-fifths study. (Omitted in 1904-05.) Professor Meyer.
  11. The Psychological Sociologist. This course deals with that group of sociologists who approach sociology from a psychological point of view. First semester; Tu., Th., at 8. (Omitted in 1904-05.) Mr. Dowd.
  12. Seminary in Sociology. Topics in theoretical and practical sociology, selected with reference to the needs and interests of the students, will be investigated. Two hours a week. Mr. Dowd.
  13. Race Elements in American Industry. The unique feature of American industrial and labor problems is the variety of races and nationalities that have participated. In order to prepare a way for the proper understanding of labor history in the United States, this course will include an examination of the industrial qualities of the several races, their capacities as producers, their part in promoting American industrial supremacy, their standards of living, the relative influence of climate, civilization, and heredity on industrial capacities, the sources of immigration, the distribution of races in industries and localities, the competition of races, the influence of industry and labor organizations in the assimilation of races, legislation regulating immigration, etc. The course will be divided into two parts: Part I consisting of lectures, three hours a week; Part II consisting of reports and discussions, two hours a week. First semester; M., Tu., W., Th., F., at 8. Professor Commons.
  14. The History of Labor and Industrial Organization Prior to the Civil War. A survey of labor conditions in colonial times, the beginnings of labor agitations, the origins of labor unions, the communistic, sentimental, and utopian programs and experiments, free labor and slavery, political and civil rights of wage-earners, the rise of manufactures and rapid transportation. This course is divided into two parts like the foregoing. First semester; M., Tu., W., Th., F., at 8. (1905-06.) Professor Commons.
  15. The History of Labor and Industrial Organization since the Civil War. The effects of the Civil War on capital and labor, the rise of the Knights of Labor and the American Federation of Labor, the effects of machinery, inventions, divisions of labor, and large-scale production, the changes in wages, hours of labor, and working conditions, the policies of trade unions, the influence of socialism, radicalism, and conservatism in labor unions, the beginnings of employers’ associations, the concentration of capital, growth of arbitration and trade agreements, and their practical results, labor legislation and judicial decisions, labor and public employment, women’s and children’s work and wages, etc. This course is divided into two parts like the foregoing. First semester; M., Tu., W., Th., F., at 8, (1906-07.) Professor Commons.
  16. Research Course in Labor Problems. This is designed especially for students electing thesis on these subjects. Special attention will be given to thesis work by way of personal and seminary conferences, in which the student will be associated with the instructor in the special investigations of the labor history on which he is engaged. First semester; F., from 2:15 to 4:00. Professor Commons.
  1. Economic Seminary. This is designed for graduate students who wish to carry on special investigations under the guidance which the department affords. A subordinate feature of the seminary work is a review of recent books and important articles published in the periodicals. Tuesday evening, throughout the year, from 7:30 to 9:30. Professor Ely, Professor Commons, Professor Meyer, Assistant Professor Adams, Mr. Dowd, Mr. Lorenz, and Dr. Taylor.

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Department of Political Science.

Professor Parkinson, Professor Reinsch,
Assistant Professor Sparling, and Mr. Barnett.

Arrangement of Courses.

                  The introductory courses are open for election in the sophomore and junior years. As a rule, at least five semester hours of this work should be done before electing any of the advanced courses. The advanced courses are open for election by juniors, seniors, and graduates. Sophomores of advanced standing may make arrangements to take some of these courses (courses 12, 15, and 20). The requirements for an undergraduate major in political science, in addition to the thesis are twenty-one semester hours as a minimum.

Primarily for Undergraduates.

  1. Elements of Political Science. A general survey of the field of political science. First semester; M., W., F., at 8. Assistant Professor Sparling.
  2. Elementary Law. The nature and sources of law, and the methods of its application. First semester; Tu, Th., at 8; M., at 3. Mr. Barnett.
  3. Elements of Administration. The theory of administration, and a survey of the administrative systems of the chief states of modern Europe, and of the United States. First semester; Tu., Th., at 8. Assistant Professor Sparling.
  4. The Constitution of the United States. An outline course of lectures designed, primarily for those who cannot give more time to this subject, but which may be taken with profit in connection with any of the longer courses in constitutional law. Second semester; F., at 10. Professor Parkinson.
  1. Administrative Problems. A survey of the primary administrative activities of the chief states of Europe and the United States. Second semester; Tu., Th., at 8. Assistant Professor Sparling.
  2. Government and Politics in the United States. A general study of the American system of government in its local, state, and federal organs, and their relations to each other, as well as of the methods of political action. Second semester; M., W., F., at 8. Professor Reinsch.

For Undergraduates and Graduates.

  1. Roman Law. a. History of the development of Roman law from the Twelve Tables to the Corpus Juris of Justinian. b. Institutes of Roman law. These divisions are given alternately. First semester; M., W., at 12. Professor Reinsch.
  2. History of English and American Law. Second semester; M., W., at 12. (Omitted in 1905.) Professor Reinsch.
  3. Jurisprudence. Analysis of the main concepts of the science of law on the basis of the juristic classics. Open to students who have had an elementary course in law. Second semester; Tu., Th., at 12. Mr. Barnett.
  4. Constitutional Law. A short course of lectures on the English constitution, followed by a detailed study of the constitution of the United States. Throughout the year; M., W., F., at 9. Professor Parkinson.
  5. Constitutional Law. Designed to follow, or at least to supplement, course 12, with emphasis upon the study of cases; may be taken independently by those of suitable preparation. Open only to graduates and other advanced students. Throughout the year; Tu., Th., at 9. Professor Parkinson.
  6. Seminary in Constitutional Law. A comparative study of the essential features of the leading constitutions of the world. Open to graduates, and to seniors who have had courses 12 and 13, or their equivalent. Second semester; M., W., at 10. Professor Parkinson.
  7. Municipal Government in Europe and the United States. Second semester; M., W., F., at 8. Assistant Professor Sparling.
  8. State Administration. A study of the local and state administrative systems of the United States. First semester; Tu., Th., at 9. Assistant Professor Sparling.
  9. American Administrative Law. This course has in view the needs of the legal profession. Second semester; Tu., Th., at 11. Assistant Professor Sparling.
  10. International Law. First semester; M., W., F., at 10. Professor Parkinson.
  11. Seminary in International Law. Emphasis will be placed upon diplomatic relations, treaties, the rights and obligations of neutrals, and the methods of settling international disputes without resort to war. Open to graduates, and also to others who have had course 18. Second semester; M., W., at 10. (Omitted in 1905.) Professor Parkinson.
  12. Contemporary International Politics. In 1905 the oriental situation will be the special subject of this course. Second semester; M., W., F., at 10. Professor Reinsch.
    In connection with the above course a series of public lectures on problems of international politics will be given.
  13. Colonial Politics. A study of the principal systems of colonial government. First semester; M., W., F., at 10. Professor Reinsch.
  14. Party Government. Special attention will be given to party organization and the methods of legislative bodies. First semester; Tu., Th., at 11. Assistant Professor Sparling.
  15. Federal Administration. A study of the organization and functions of the different branches of our federal service. Second semester; Tu., Th., at 9. Assistant Professor Sparling.
  1. The Law of the Press. The law of copyright, literary property, libel, privileged publications, and other topics relating to the publication of books and newspapers. Designed especially for students preparing for journalism and the law. Second semester; M., at 3. (Omitted in 1905.) Professor Reinsch.

Primarily for Graduates.*

  1. History of Political Thought. The development of political philosophy from the Greeks to the present time, and its connection with political history. (May be taken by seniors of suitable preparation.) First semester; M., W., F., at 11. Professor Reinsch.
  2. Philosophy of the State. A critical study of contemporary political thought and terminology. May be elected by seniors who take their major in political science. Second semester; M., W., at 11. Professor Reinsch.
  3. Juristic Classics. In 1906: Reading of Gaius, with commentaries. Second semester; M., W., at 11. Professor Reinsch.
  1. Seminary in Administration. Some important phases of state administration will be studied. Two hours throughout the year. Assistant Professor Sparling.
  2. Seminary in Politics. For 1904-05: Parliamentary institutions of the present time. A study of parliamentary procedure, legislation, and party development in Germany and Italy during the last quarter century. Throughout the year; W., 7:30 to 9:30. Professor Reinsch.

*Studies given under the heading, “For Undergraduates and Graduates,” may also be taken as graduate work, but in this case special reading will be assigned by the instructor in addition to that required of undergraduate students.

__________________

Department of History.

Professor Turner, Professor Munro,
Assistant Professor Coffin, Assistant Professor Fish,
Dr. Tilton, Dr. Sellery, Dr. Phillips, and Assistants.

Arrangement of Courses.

                  The courses in history are divided into three groups, as follows:

A. Introductory courses 1 to 9 are primarily for undergraduates, and are planned to afford a comprehensive survey of the general field of history. They cannot be counted toward advanced degrees, and graduates are required to have completed an equivalent of sixteen semester hours of these studies as a preparation for graduate work for a degree. It will be noted that a substantial historical basis can be laid for advanced work by such an election as the following: freshman year, Medieval (course 1) and Colonial (course 3) or English (course 6); sophomore year, Modern (course 2) and United States (course 4). The study of Greek and Roman history (courses 8 and 9) is particularly recommended to those who may intend to teach history. It is not recommended that students shall cover all of the introductory courses to the neglect of advanced work.

B. Advanced courses 11 to 45 are designed to continue the work begun in the preliminary courses in the direction of greater specialization. These courses are open to undergraduates and graduates who have taken the necessary preliminary work.

C. Graduate courses 51 to 60 are not open to undergraduates. They consist of courses in the technique of history, and seminaries in American, Medieval, and Modern history, in which the subject of study changes from year to year.

History Major.

                  The requirements for an undergraduate major in history, in addition to the thesis, are twenty-six semester hours as a minimum, selected as follows:

I. One or more introductory courses in both European and American history.

II. Advanced courses to the amount of at least ten semester hours.

For Undergraduates.

  1. Medieval History. A general survey of the history of continental Europe from the barbarian invasions to the close of the fifteenth century. Advanced students will be given special quiz sections and more advanced work. Throughout the year; M., W., at 11, for lectures, and a third hour in sections. Professor Munro, Dr. Tilton, Dr. Sellery, and assistants.
  2. Modern European History. A general survey extending from the close of the fifteenth century to the present day. Not open to freshmen. Throughout the year; Tu., Th., at 11, and a third hour in sections. First semester, Dr. Sellery; second semester, Assistant Professor Coffin.
  3. American Colonial and Revolutionary History. An introduction to the history of the United States, designed to acquaint the student with the beginnings of American institutions. Text-book, lectures, and topics. The class meets in divisions. Throughout the year; Tu., Th., at 9 and 10. Assistant Professor Fish and Dr. Phillips.
  4. History of the United States. A general survey from the Revolutionary era to the present, with emphasis upon political history. Lectures, text-book, collateral reading, and topics. Not open to first year students. This course, or an equivalent, must precede all advanced courses in American history.
    4a. To the presidency of Jackson. First semester; M., W., F., at 11. Assistant Professor Fish.
    4b. From the presidency of Jackson to the present. Second semester; M., W., F., at 11. Assistant Professor Fish.
  5. English History. A general survey with especial reference to economic and social conditions. Text-book, lectures, and topics. Throughout the year; M., W., F., at 9 and 11. Dr. Tilton and Dr. Sellery.
  6. English History. A course with especial reference to social and political conditions, useful for students of English literature, and recommended to those who expect to teach history. Students are not permitted to elect both courses 5 and 6. Throughout the year; Tu, Th., at 9. Assistant Professor Coffin, Dr. Tilton, Dr. Sellery, and Dr. Phillips.
  7. History of Europe in the Nineteenth Century, 1815-1900. Designed for freshmen in the Course in Commerce. Throughout the year; M., W., F., at 11. Assistant Professor Coffin.
  8. Ancient and Greek History. A brief outline of primitive and oriental history and a general course in Greek history. Recommended to all who expect to teach history. First semester; Tu., Th., F., at 11. (Omitted in 1904-05.) Professor Munro and Dr. Tilton.
  9. Roman History. A general survey with especial emphasis on the period of the later Republic and Early Empire. Recommended to all who expect to teach history. Second semester; Tu., Th., F., at 11. (Omitted in 1904-05.) Professor Munro and assistants.

For Undergraduates and Graduates.

  1. The History of the West. Particular attention is paid to the conditions of westward migration and to the economic, political and social aspects of the occupation of the various physiographic provinces of the United States, together with the results upon national development. Lectures, collateral reading, and topics. Throughout the year; M., W., F., at 12. Professor Turner.
  2. History of the South. The course deals with the period since the Revolution, and especial attention is given to the economic and social forces involved in the plantation system, slavery, and the occupation of the Gulf Plains, as a basis for understanding the political history of the South and its place in national history. Throughout the year; Tu., Th. at 3. Dr. Phillips.
  3. History of New England. Special attention will be paid to the colonial period, and to New England expansion. Second semester; M., W., F., at 2. (Omitted in 1904-05.) Assistant Professor Fish.
  4. Economic and Social History of the United States. Designed to treat economic topics in relation to the general movement of national history. Throughout the year; M., W., F., at 12. (Omitted in 1904-05.) Professor Turner.
  5. Diplomatic History of the United States. An historical survey of our foreign relations from the Revolution to the present time. Throughout the year; Tu., Th., at 10. Assistant Professor Fish.
  6. Constitutional and Political History of the United States from the Confederation to the Presidency of Jefferson. First semester; M., W., at 2:15. (Omitted in 1904-05.)
  7. Undergraduate Seminary in American History. Designed to train undergraduates in the use of sources, by studying different problems in different years. The period since the Civil War will probably furnish the field for 1904-05. Elective by semesters to students who have had course 4 or its equivalent. M., W., at 2:15. Assistant Professor Fish.
  1. Roman Imperial Institutions. A study of the organization and government of the Empire, especially in the second century A.D. First semester; Tu., Th, at 10. (Omitted in 1904-05.) Professor Munro.
  1. Medieval Civilization. Designed to supplement course 1 by a more special study of the social and intellectual life of the Middle Ages. First semester; Tu., Th., at 10. Professor Munro.
  2. Feudal Institutions. Tu., Th., at 10. Open to graduate students and seniors of suitable preparation. (Omitted in 1904-05.) Professor Munro.
  3. Constitutional History of the Middle Ages. A comparative study of the governments in Germany and France, especially during the twelfth and thirteenth centuries. Open to graduate students and seniors of suitable preparation. Second semester; Tu., Th., at 10. Professor Munro.
  1. Period of the Renaissance. An investigation of the chief political problems in the epoch of the foundation of the great European states, 1300-1500. Open to juniors and seniors who have had course 1 or an equivalent. First semester; Tu., Th., at 11. Dr. Sellery.
  2. Age of Louis XIV. A study of the development of the absolute monarchy in continental Europe. Open to juniors and seniors who have had course 1 or 2, or an equivalent. Second semester; Tu., Th., at 11. Dr Sellery.
  1. The French Revolutionary and Napoleonic Periods, 1789-1814. Open to those who have had course 2 or its equivalent. Throughout the year; M., W., F., at 10. (Not offered in 1904-05.) Assistant Professor Coffin.
  2. History of Europe in the Nineteenth Century, 1815-1900. Open to those who have had course 2 or its equivalent. The work will be devoted especially to tracing in this period the influence of the French revolutionary ideas in the development of social and political institutions. First semester; M., W., F., at 10. Assistant Professor Coffin.
  1. Constitutional History of England. A study of the growth of English institutions. Throughout the year; Tu., Th., at 12. Open to juniors and seniors who have had course 5 or 6. First semester, Dr. Tilton; second semester, Assistant Professor Coffin.
  2. Economic and Social History of England, 1300-1600. A summary of English civilization in the thirteenth century and a view of the chief economic and intellectual changes from medieval to modern civilization. Open only to students who have had course 1, 5, or 6. Second semester; Tu., Th., at 9. Dr. Tilton.
  1. The Development of Modern Prussia, 1640-1871. This course is intended to explain the development of the Prussian state and trace the Prussianizing of modern Germany. Open to those who have had course 2. First semester; Tu., Th., at 12. Assistant Professor Coffin.
  1. Methods of History Teaching, with special reference to the work of secondary schools. For seniors of suitable preparation and graduates. Throughout the year; F., at 3. Professors Turner and Munro.

For Graduates.

  1. Historical Bibliography. An account of the present state of the materials for historical research, and an examination of the bibliographical tools most essential to the special study of history. First semester; W., at 10. (Omitted in 1904-05.) Professor Munro.
  2. Historical Criticism. An introductory survey of the principal problems of historical method, accompanied by practical exercises. Second semester; W., at 10. Given in alternate years. Professor Munro.
  3. Paleography and Diplomatics. (a) Elements of paleography, with practical exercises in the reading of manuscript facsimiles; (b) Elementary exercises in diplomatics. The first part of the course is identical with the first part of course 18 in Latin, and is arranged for the benefit of advanced students of language as well as for students of history. Second semester; F., 9 to 11. Given in alternate years. Professor Munro.
  1. Seminary in Medieval History. In 1904-05 the First Crusade is studied by special topics, illustrating the causes, the relations of the chiefs with the Greek emperor, and the social conditions in the Latin Kingdom of Jerusalem. Th., 4 to 6. Professor Munro.
  2. Seminary in Modern European History. The work will center about the diplomatic revolution of 1756. Throughout the year; S., 11 to 1. Assistant Professor Coffin.
  3. Seminary in American History. For 1904-05, the seminary will study the history of Monroe’s administration. Throughout the year; three hours a week in two sessions. Professor Turner.
  1. Historical Conference. A fortnightly meeting of the instructors and graduate students of the school for conference and consideration of papers. A considerable portion of the time of the conference is devoted to a coöperative study of the work of important historians, so planned as to give in successive years a general view of modern historiography. Throughout the year; alternate Fridays, 4 to 6.

Special Lectures.

                  Besides the regular courses of class instruction described above, two series of lectures were given each year by scholars from without the University. In 1903-04, the following were delivered:

                  Transcontinental Explorations, with especial reference to Lewis and Clark. Four lectures by Reuben Gold Thwaites, Secretary of the State Historical Society of Wisconsin.

                  The Causes of the Civil War. Four lectures by Professor James A. Woodburn, of Indiana University.

Summer Courses.

                  Elementary and advanced courses in history are offered each year in the Summer Session of the University. For a fuller description see the Summer Session circular, which may be obtained by application to the Registrar of the University.

__________________

Special Training Courses.

Statistics, Practical Sociology, Public Service
and Journalism.

                  In order to offer opportunity for careful and systematic training in practical pursuits, the studies offered by the departments of Political Economy, Political Science, and History, together with a number of allied subjects, have been arranged so as to form four special courses, viz.: in statistics, in practical sociology, in preparation for public service, and in preparation for journalism.

                  The course in statistics will give special training in the use and collection of statistical material, with a view of fitting the student for practical statistical work in connection with public administration or with the business of railway and insurance companies.

                  The course in practical sociology consists of studies in modern social and economics problems, social theory, and practical charity and reform. The class work of the student is to be supplemented by the direct study of social conditions, and reformatory and charitable institutions. The course is primarily intended as a preparation for pastoral work, and the activities connected with organized charity and other ameliorative agencies.

                  The course in public service covers the subjects of politics, administration, diplomacy and modern history. A thorough knowledge of the mechanism and workings of contemporary government is becoming increasingly important with the constantly expanding sphere of political activities. To the training in the general principles of politics and methods of government, there will added in this course specific instruction in the work of the various governmental departments, and the students will be kept informed concerning the various openings for a career in the public service, as well as the requirements and examinations that form a condition for entering thereupon.

                  The course in preparation for journalism does not aim to offer technical instruction in the methods of practical journalism, but to provide a fund of information on social, economic, political, and historical questions, which is indispensable in journalistic work of a high grade.

                  The special training courses cover a period of three years, beginning with the junior year. At the end of the second year the bachelor’s degree is conferred. At the end of the third year the master’s degree. No thesis is required with the latter. Any students in the above courses will be under the special supervision and advice of that member of the instructional force under whom the major part of their work is done. The faculty will keep in close touch with men of experience and representative position in the branches to which these courses relate, and will make use of their aid and suggestions to render the instruction most helpful to the students.

                  Upon the completion of the course of three years the graduate will receive a certificate, stating that he has taken a special course, and indicating to what group of studies he has devoted his attention. No rigid uniformity is required of the students in the matter of selection of their studies. They must, however, select at least ten-fifths a semester from the work recommended, and this work must be taken in the sequence indicated, unless exceptions are made for special cause. Some studies which are absolutely indispensable in a certain course are italicized, and others will be indicated by the special adviser of the student, according to the work for which the latter is pre-paring. Beyond this the students are left free to take electives in other departments.

                  Admission. Students who have completed the sophomore year in any college or university of approved standing are admitted to the special courses, but all such students will be subject to the same conditions as students entering other courses in the junior year. The graduates of any such college or university may arrange to complete any one of the courses in two years. It is presumed that students entering the school have studied ancient, medieval and modern history, as well as the elements of economics and political science. In the absence of such preparation students will be expected to make up their deficiency during the junior year. The language requirements will be adapted to individual needs, but the minimum requirement will be that of the regular course in the College of Letters and Science.

__________________

The Course in Statistics.

[The first numeral following the name of the course indicates the number of hours per week, the Roman numeral the semester.]

Junior.

                  Economic Statistics, 3-II; Social Statistics, 3-I; Analytical Geometry and Calculus, 3; Commercial Geography, 4; Agricultural Industries, 2-II; Economic Problems, 3-II; Money and Banking, 3-I; Elements of Administration, 2-1.

Senior.

                  Railway and Insurance Statistics, 2-I; Government Statistics, 2-II; Theory of Probabilities, 2-II; Expert Accounting, 2-II; Insurance, 2-I; Railways, 2-II; Social and Economic Legislation, 3; State and Federal Administration, 2-II; Markets and Securities, 2-II.

Graduate.

                  Distribution of Wealth, 5-I; Public Finance, 5-II; Economic Seminary; Seminary Administration, 2; Laboratory Work in Statistics, 2; Railway Economies, 2-I; Public Accounting, 2-II.

__________________

The Course in Practical Sociology.

Junior.

                  Charities and Correction, 3-I; Field Work; Elements of Sociology, 3-I; History of Education, 3-I; Municipal Government, 3-II; Physiology, 3-I, 2-II; Psychology, 3-I; Ethics, 3-II; Moral Education, 1-II.

Senior.

                  Social Ethics, 2-I; Social Statistics, 3-I; Psychology and Sociology, 3-I; Modern Sociological Thought, 3-II; Field Work in Charities; Charity Organization, 2-II; Communicable Diseases, 1; Biology of Water Supplies, 5-I; American History, 2.

Graduate.

                  Seminary in Sociology, 2; Advanced Ethics, 3-I; Anthropology, 2-1; Abnormal Psychology, alternating with Comparative Psychology, 2-II; Distribution of Wealth, 5-I; History of Political Thought, 2-I; Labor Legislation, 3-I; Economic and Social History, 3; Laboratory Work in Statistics, 2.

__________________

The Course in Preparation for Public Service.

Junior.

                  Elements of Administration, 2-I; State and Federal Administration, 2-II; Constitutional Law, 3; American History, 2; Elements of Finance, 3-I; Colonial Politics, 2-I; Elementary Law, 3-I; Advanced English, 3; Social and Economic Statistics, 3.

Senior.

                  Federal Services, 2-I (a study of the organization of the various departments of the federal government with methods of work and conditions of entry); International Law, 3-II; Diplomacy, 3-II; Municipal Government, 3-II; Nineteenth Century History, 3; Administrative Law, 2-I; Contemporary Politics, 2; Political Thought, 3; English Constitutional History, 2; Social and Economic History, 3.

Graduate.

                  Seminary in Administration, 2; Administrative Services (relating to state and municipal services), 2-II; Public Finance, 5-II; Seminary in Political Philosophy, 2; American Constitution and Political History, 3; Seminary in Modern European History, 2; Seminary in Public Law, 2; Social Ethics, 2-I; Roman Law, 2-II; Municipal and Sanitary Engineering, 2-I.

                  In order to adapt the course to the special needs in individual cases, the students will be advised to devote a part of the senior and graduate year to more special preparation for some branch of the public service, and will be encouraged to take a group of electives with that end in view. Every student is, moreover, required to take as part of his senior and graduate work one of the following groups of obligatory studies, or one of other groups hereafter to be arranged, intended to form the basis of more special preparation.

a) Financial: Public Finance, 5-II, first half of semester; American Federal Finance, 5-II, second half of semester; Public accounting, 2-II; Money and Banking, 3.

(b) Internal Governments: Agricultural Industries, 2-II; Social and Economic Legislation, 3; Social and Economic Statistics, 3; American Social and Economic History, 3.

(c) State and Municipal Governments: Municipal Government, 3-II; Public Securities, 2; Municipal and Sanitary Engineering 2-I; Public Accounting, 2-II; American State and Municipal Finance, 3-II.

(d) Diplomacy: Diplomacy, 3-II; International Law, 3-I; Contemporary Politics, 2; Nineteenth Century History, 2; Advanced French and a thorough study of another European language (German, Spanish, Italian, Russian or Norse).

__________________

The Course in Preparation for Journalism.

Junior.

                  Economic Problems, 3-II; American History, 2; Constitutional Law, 3; Modern Systems of Education, 2-I; Agricultural Industries; 2-II; Municipal Government, 3-II; Moral Progress and Moral Education, 1-Il; Advanced English, 3; General survey of English Literature (with special reference to the great prose writers of the eighteenth and nineteenth centuries), 3; American Literature, 2.

Senior.

                  English Constitutional History, 2; Nineteenth Century History, 2; Political Thought, 2-I; Contemporary Polities, 2; History of the West, alternating with Economic and Social History, 3; Colonial Politics, 2-I; Social Ethics, 2-II; Press Laws, 1; State and Federal Administration, 2-II; International Law, 3-I; Advanced English, 2; English Literature (Courses 32, 33, 36, 39, and 43).

Graduate.

                  Advanced English, 2; Seminary in American History, 2; Distribution of Wealth, 5-I; Public Finance, 5-II; Modern Sociological Thought, 2-II; Seminary in Political Philosophy, 2; Seminary in Economics; Diplomacy, 3-II; History of Institutions, 2.
Seminary work in some line will be required.

Source: “University of Wisconsin, Departments of Political Economy, Political Science, and History.” Bulletin of the University of Wisconsin, no. 89 (Madison, Wisconsin: May 1904). Transcription from a copy in the Harvard University Archives, Division of History, Government, and Economics. Ph.D. exams and records of candidates, study plans, lists, etc. pre-1911-1942. Box 2, Unlabeled Folder.

Image Sources: Collage of cropped portraits of Richard T. Ely (left, ca. 1910) and John R. Commons (1904) from University of Wisconsin-Madison Archives and Commons’ autobiography Myself (after p. 94), respectively.

Categories
Berkeley Columbia Cornell Economists Harvard Illinois Johns Hopkins Wisconsin

USA. Joseph Schumpeter’s Roadshow. 1st Quarter, 1914

Joseph Schumpeter spent the 1913-14 academic year as Austria’s first exchange professor at Columbia University. But before heading home, he went on a whirlwind tour of American universities as documented in the following collection of news reports. Cornell, George Washington, Johns Hopkins, the Universities of Illinois, Wisconsin, and California, and apparently culminating with lectures in Taussig’s Ec 11 course at Harvard. All this between mid-January and mid-March 1914.

I have not seen the above portrait of Schumpeter before. He looks much less like Nosferatu’s twin and one could say has even leading-man material if only his ears were pinned back a notch.

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Dr. Schumpeter Near End of Course as Austrian Exchange Professor at Columbia University

Professor Joseph A. Schumpeter, who was sent to this country by the Austrian Government as an exchange professor, will soon complete his course of lectures on economic theory and on the problem of social classes, at Columbia University, where he has been since last October, and will visit a number of other leading universities in this country.

Professor Schumpeter was born in 1883, in Triesch in the Austrian Province of Moravia, and was educated at the “Theresianum” in Vienna. Then he entered the University of Vienna where he took his degree of Doctor in Law and Political Science in 1906, and gained locally some representation within the little circle of students of economic theory called the Austrian School. After spending some years in travel, he began lecturing on economies at the same university from which he was, at the age of 26, called to the chair of Political Economy in the University of Gernowitz. In 1911 he accepted a call to the University of Graz in Styria. When the Austrian Government, following the example given by the German Government, concluded an agreement with Columbia University for the exchange of professors, Schumpeter was selected to be the first visiting professor in this country.

Source: The Brooklyn Daily Eagle. January 14, 1914, p. 12.

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Predicts More War in Balkan Frontier

“Conditions as they exist in the Balkans now cannot last, I am sorry to say that the sad story of crime and suffering that we have been witnessing we shall have to see over again before long,” said Prof. Joseph Schumpeter in his lecture last night on “Austria’s Balkan Policy.”

“The Balkan situation awakens in us a multitude of passions,” said Dr. Schumpeter. “We see burning and murdered villages, and conditions growing worse and worse. Austria is very little known.

“A lot of false notions have arisen concerning Austria. It is a country of 50,000,000 inhabitants composed of a combination of different races and therefore gives statesmanship tasks of a peculiar kind. It is impossible to appeal to national patriotism in Austria for it is composed of several races apathetic to each other. The majority of the people are Slavs, but there are a great many Germans, Romanians, Italians and Servians. It is very difficult to adjust their claims for national supremacy.

“To keep the Turkish frontier is still Austria’s main care.

“What Austria wanted, and wants still, is to have a group of states on national lines so arranged that they will last for some time and not be under the influence of Russia. The Albanians held their own against Turkey for some time and finally Austria made a treaty with Italy that, no matter what happened to Turkey, they should combine to save the Albanian state.”

Source: The Ithaca Journal. January 17, 1915, p. 5.

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Admires Quick Wit Found in America

Professor Joseph Schumpeter of the University of Graz, Austria, expresses himself as delighted with Cornell University and everything he has seen here. Professor Schumpeter, who gave the lecture on “The Balkan Policies of Austria,” is now Exchange Professor at Columbia University. He has gained the reputation of being one of the most promising economists of Europe.

“You have a wonderful University here, splendidly equipped,” he declared. “The situation is ideal. I have been very much interested in my work at Columbia and feel that we Europeans can learn a lot from you. My work at Columbia has been mostly with the graduate students and I have not been able to get into as close touch with the undergraduates as I would have liked to. I have been especially struck by the quick-wittedness and energy of the American undergraduates. They also have an aptitude for intelligent discussion which is lacking in Europe. The whole spirit of fellowship is so splendid.

“The social life in America is remarkably pleasant. In other countries you take much longer to make friends. In my short stay here I have already made scores of excellent friends. American audiences are also so pleasant to talk to. I feel less intellectual sympathy while talking before a German audience than I do here. Unlike Europe all classes of society seem equally interested, the workingmen as much so as the richest families.”

Source: The Ithaca Journal, Jan 19, 1914, p. 9.

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Talk on the Balkans by Prof. Schumpeter
University of Gratz Educator Entertains Audience at National Museum

Prof. Joseph Schumpeter delivered a lecture on the present and prospective situation in the Balkans at the New National Museum last night, to which the general public was invited, the audience including students of the eastern question and a number of diplomats. Dr. Schumpeter is exchange professor between the University of Gratz, where he is professor of political science and economics, and Columbia University, New York, where he has just completed his series of lectures.

Last night’s address was delivered under the auspices of George Washington University, and Dr. Schumpeter was introduced by Rear Admiral Charles Herbert Stockton, U. S.N., retired, president of George Washington.

Dr. Schumpeter gave an historical account of the development of the Ottoman empire from the conquest of Constantinople in 1453 up to the present time. He declared that outside of Greece, where the situation has been practically clarified, the Balkan troubles have not been set at rest, and that further trouble may be expected in the Balkan countries at any time.

Real Root of Troubles.

He pointed out that the real root of many of the troubles of those countries has been differences because of race, the clash between Mohammedan and Christian, which he said is likely to continue to the end of the world. He offered, for example, the experiences of Great Britain, in charge of the largest number of Mohammedans in the world, in India.

Dr. Schumpeter devoted considerable attention to the part that Austria-Hungary is playing in the Balkan situation. Since 1908 the Balkan provinces of Bosnia and Herzegovina have been recognized as a part of Austria, and it is around the possession of these provinces that considerable interest lies. Austria-Hungary was permitted by the congress of Berlin in 1878 to occupy and administer these two Balkan provinces, but it was not until 1908 that they were formally annexed.

Source: Evening Star (Washington, D.C.), February 5, 1914, p. 9.

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Balkan War Policy of Austria Defended
Prof. Schumpeter Says Nation Must Control of Principalities Along the Danube.
Great Britain is Criticised.

John Bull was said to have in his charge the greatest Mohammedan power in the world by Prof. Joseph Schumpeter, professor of political science and economics at the University of Gratz, Austria, in an Interesting lecture last night at the National Museum.

“No less than 90,000,000 Mohammedans are under British rule, yet England has seen fit to attack the right of Austria to establish a mere legal pact by taking over Herzegovina and Boris and assuring to these two countries safety and security,” said Prof. Schumpeter.

Rear Admiral Stockton, president of Georgetown University, under the auspices of which institution the lecture was given, presided.

Prof. Schumpeter gave a comprehensive historical account of the development of the Ottoman empire since the conquest of Constantinople, in 1453, up to the present day.

In closing, Prof. Schumpeter asserted that in his opinion, outside of Greece, where he said the situation has been pretty well clarified, the Balkan troubles have not been definitely put at rest. He made it clear that he looked for further trouble.

Source: The Washington Herald, February 5, 1914, p. 3.

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Predicts Third Balkan War.
Prof. Schumpeter of Austria, Is Pessimistic in Lecture.

Under the auspices of George Washington University, Prof. Joseph Schumpeter, dean of political science and economics at the University of Gratz, Austria, and exchange professor between his university and Columbia, spoke Wednesday in the auditorium of the new National Museum on “The Balkan Situation from the Austrian Viewpoint.” Among those present were Konstantin von Masirevich, first secretary, and the Baron Freudenthal, attache of the Austrian embassy; Rear Admiral C. H. Stockton, president of George Washington, Prof. Richard Cobb, secretary of the university; Dean Charles E. Munroe, Dean Charles Noble Gregory and L. Cleveland McNemar, assistant professor of international law.

Prof. Schumpeter claimed that the Austrian annexation of Bosnia and Herzogovina in 1910 was warranted by circumstances. He said that Balkan peace is merely transitory; that another war is sure to come.

Source: The Washington Post, February 8, 1914, p. 2.

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Johns Hopkins University.

Two foreign educators lectured at the Johns Hopkins university last week. Dr. Joseph Schumpeter, of the University of Gratz, and first Austrian exchange professor at Columbia, delivered five lectures before the department of political economy….

Source: The Oregon Daily Journal. February 15, 1914, p. 48.

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Vienna Man at Madison.
Exchange Professor Studies Wisconsin Industrial Laws.

(Special to The Northwestern.) Madison, Wis., Feb. 10. — Dr. J. A. Schumpeter, exchange professor from Vienna to Columbia university, spent today here investigating the work of the state industrial commission. He will leave tonight for St. Paul, where he intends to make a similar investigation. Dr. Schumpeter is a recognized expert on labor legislation, and in addition to investigating the work of the commission held a conference with Prof. John R. Commons.

Source: The Oshkosh Northwestern, February 10, 1914, p. 9.

_____________________________

Professor Schumpeter has very busy two days here.
Austrian makes four addresses and attends several affairs.

Four addresses were given by Prof. Josef Schumpeter during his stay here from last Saturday morning until Sunday night, when he left for the University of California via Chicago. All of his addresses were along the line of the social sciences in which he enjoys wide fame for his great ability.

Professor Schumpeter’s first talk was given Saturday noon to the University Club where he took lunch. There he gave a talk on smoke. His second, and most important address, was to the combined seminars of the social science departments. It was given in room 304 of Lincoln Hall to an audience which contained almost every faculty and student member of the two seminars. His discussion was upon the theory of economic development. The lecturer paid especial attention to the place of interest and economic crises in static and dynamic states. Although he is an Austrian. and from the University of Graz, his lecture was delivered in perfect English, and was of profound interest to those who were privileged to attend.

With some eighteen University people, Professor Schumpeter took dinner at the Beardsley Saturday evening. Here again he spoke, this time giving an address on “The Austrian Attitude to the Balkan Situation.” He was followed by Professors E. B. Greene, A. H. Lybyer, L. M. Larson and W. F. Dodd, each of whom spoke on some aspect of world politics.

A reception was given the Professor at the home of Dean Kinley on Sunday afternoon. Here he addressed those present on “The Aspects of Austrian Social and Political Life in University Government.” Sunday night, Professor Schumpeter took the train for Chicago.

Source: The Daily Illi (Urbana, Illinois). February 17, 1914. Page 4.

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Talks of Marx’ Economy

University of California, Feb. 25. — Dr. J. A. Schumpeter, eminent Austrian economist, addressed an audience at California hall yesterday on “The Economy of Karl Marx.” Among the points he made were that one could believe in Marx’ doctrines without being a Socialist; his theories of value and exploitation of the working class were receiving more and more general acceptance; he was a “flaming propagandist whose followers regarded him as little less than inspired.”

He addressed also during the day classes in economics on interest rates and classical and modern economic theories.

Source: Oakland Tribune. February 25, 1914, p. 4.

_____________________________

Brings Austria’s Message to Both Columbia and Harvard

The first Austrian exchange professor at Columbia will deliver a series of lectures on economic theory at Harvard in March. His lectures will be in connection with some of the courses given by Professor Taussig on economic theory.

Professor Schumpeter was born in Triesch, Moravia, in 1883, and received his early education in Vienna, where he also attended the University. He was awarded the degree of doctor of law and political science in 1906 and after spending several years in travel, established himself as a docent at the University of Vienna in 1909. A few months later, he was appointed professor of political economy in the University of Czernowitz, and in 1911 he was appointed professor of political economy in the University of Graz.

Professor Schumpeter’s own system of economic theory is developed in two books, “Wesen und Hauptinhalt der Theoretischen Nationalökonomie” and “Theorie der Wirtschaftlichen Entwicklung.” In addition, he has published a number of important papers. He has also contributed a history of economic theory to Schönberg’s “Handbuch der Politischen Oekonomie,” which is to appear shortly, and has furthermore prepared a treatise on banking law for a manual of mercantile law to be published in the near future.

In recent years Professor Schumpeter’s interest has been largely in the field of sociology, but he has not yet published anything in this department. As an economist, Professor Schumpeter is a member of the Austrian school — the brilliant group of writers headed by Böhm-Bawerk and Wieser of the University of Vienna, who have rescued economic theory from the eclipse with which it was for a time threatened by the able but exaggerated criticisms of the leaders of the German historical school. Though agreeing with his Viennese colleagues in many of their theories, he has shown great independence and originality in his treatment of the phases of economics, such as the interest problem, to which he has given particular attention. Thus, in spite of his comparative youth, he has won a place in the very front rank of contemporary European economists. His fluent command of spoken English and his intimate knowledge of American economic literature make him a most attractive lecturer.

Source: Boston Evening Transcript. February 4, 1914.

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“The Theory of Crises”at 4.30
March 16, 1914

Professor Josef Schumpeter, an Austrian economist of the University of Vienna, will lecture upon “The Theory of Crises” before the Seminary of Economics in Upper Dane this afternoon at 4.30 o’clock. Professor Schumpeter has written two books upon Economic. Theory which are of high quality, and have attracted a great deal of attention.

Source: The Harvard Crimson. March 16, 1914.

_____________________________

Noted Economist’s Last Lecture

All members of the University interested in economics are invited to hear Professor Josef Schumpeter, of the University of Vienna, lecture upon “Economic Theory” in Professor Taussig’s course, Economics 11, this afternoon at 2.30 o’clock. This will be the last of a series of lectures given by Professor Schumpeter, who is this year conducting courses at Columbia University. The lecture will take place in Emerson H.

Source: The Harvard Crimson. March 18, 1914.

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Prof. Schumpeter Sails.
Says That America Made a Deep Impression on Him.

Professor Joseph Schumpeter, the first Austrian exchange professor in America, who is returning to his home University of Graz, Austria, sailed on the Martha Washington yesterday. The professor has lectured on social problems, money systems, democracy and other branches of science, has been with Columbia University until the end of January, when he left for a tour through all of the leading universities of this country, the tour extending to San Francisco. Mr. Schumpeter said that he was sorry to leave America, which had made a deep impression upon him.

“The big American universities,” the professor stated, “are far better than the average Austrian and even European university. America has a bigger and better body of scientists at each university, and the student’s material is of a much higher type than that of European schools. The American student wants to learn. He has the earnest desire to go to the bottom of science. He wants to make headway in the world, whereas the Austrian student visits a university for reasons of tradition, social standing and title.”

Asked what he thought the greatest American achievement, the professor answered that the “one-man management” was most appealing to him. It was far better, he claimed to have one man run a business, a university, and even a political party, than to have the European system of sharing power and responsibilities.

Four pretty young sisters, all of whom are ardent suffragists, left on board the big Austrian liner for Italy, France and Germany. The fair travelers are Misses Catherine, Ella S., Grace and Margaret Switzer of Manhattan. Their purpose is to show their European sisters how superfluous man really is, for never during their trip will they tolerate or accept the services of any man nor will they speak to any man or stand for being addressed by a man.

Source: The Brooklyn Daily Eagle. March 22, 1914, p.74

Image Source: Boston Evening Transcript. February 4, 1914. Colorized by Economics in the Rear-view Mirror.

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Harvard. Public Finance Exams. Charles Jesse Bullock visiting from Williams College, 1901-02

Courses in public finance were not offered in the academic year 1900-01 at Harvard. Those courses had last been taught by Charles F. Dunbar and Frank W. Taussig in 1899-1900. Following Dunbar’s death (January, 29 1900) and Taussig’s leave to recover from a nervous breakdown (1901-03), it was necessary to bring in an outsider to cover the public finance offerings. Charles Jesse Bullock was first appointed as an instructor in economics for the 1901-1902 academic year to fill that gap. He was later to return at the rank of assistant professor beginning with the 1903-04 academic year.

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From the Williams College Yearbook

CHARLES JESSE BULLOCK, Ph.D.,
Assistant Professor of Political Science.

Graduated from Boston University, 1889, with Commencement appointment, and received the degree of Ph.D. from the University of Wisconsin, in 1895. He taught in high schools from 1889 to 1893 and was traveling fellow in Boston University in 1891. In 1895 he was fellow and assistant at the University of Wisconsin and from 1895 to 1899 was instructor in Economics at Cornell University. Dr. Bullock has written: “The Finance of the United States, 1775-1789,” (1895), “Introduction to the Study of Economics,” (1897), and “Essays on the Monetary History of the United States” (in press [1900]). He also edited William Douglass’s “Discourse Concerning the Currencies of the British Plantations in America,” and has contributed various articles to the economic and statistical magazines. He is a member of the American Economic Association and of the American Statistical Association, an associate member of the National Institute of Art, Science and Letters, and a Fellow of the Royal Statistical Society. Dr. Bullock is a member of the ΦΔΧ Fraternity.

Source: Williams College, The Gulielmensian MCMI, Vol 44 (Williamstown, MA: 1900), p. 23.

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Course Announcements

For Undergraduates and Graduates.

[open to students who have passed satisfactorily in Course 1. Outlines of Economics]

7a1 hf. Financial Administration and Public Debts. Half-course (first half-year). Mon., Wed., Fri. at 9. Professor Bullock (Williams College).

7b1 hf. The Theory and Methods of Taxation, with special reference to local taxation in the United States. Half-course (first half-year). Tu., Th., Sat. at 10. Professor Bullock (Williams College).

Source: Harvard University. Announcement of the Courses of Instruction Provided by the Faculty of Arts and Sciences for the Academic Year, 1901-02 (Second ed., 25 June 1901), p.44.

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Course Enrollments

7a 1hf. Professor Bullock (Williams College). — Financial Administration and Public Debts.

Total 26: 2 Graduates, 16 Seniors, 5 Juniors, 1 Sophomore, 2 Others.

7b 1hf. Professor Bullock (Williams College). — The Theory and Methods of Taxation with special reference to local taxation, in the United States.

Total 26: 2 Graduates, 13 Seniors, 9 Juniors, 2 Others.

Source: Harvard University. Report of the President of Harvard College, 1901-1902, p. 78.

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Course Descriptions

7a1 hf. Financial Administration. Half-course (first half-year). Mon., Wed., Fri. at 9. Professor Bullock (Williams College).

This course will deal with the methods by which governments have attempted to adjust expenditures to revenue, and will study the problems arising from the effort to secure popular control over this process. The budget systems of England, France, and Germany will first receive attention; and study will then be concentrated upon the budgetary methods of our federal government. So far as practicable, also, some consideration will be given to State and local budgets in the United States. The history and present form of our federal budget will offer a large field for investigation, and supply subjects for written reports. Students will be encouraged, furthermore, to gather information concerning the methods followed by State and local governments with which they may happen to be familiar. Candidates for Honors in Political Science or for the higher degrees may advantageously use reports thus prepared by them as material for theses.

Course 7a is open to students who have taken Economics 1

7b1 hf. The Theory and Methods of Taxation, with special reference to local taxation in the United States. Half-course (first half-year). Tu., Th., Sat. at 10. Professor Bullock (Williams College).

In this course both the theory and practice of taxation will be studied. Attention will be given at the outset to the tax systems of England, France, and Germany; and the so-called direct taxes employed in those countries will receive special consideration. After this, the principles of taxation will be examined. This will lead to a study of the position of taxation in the system of economic science, and of such subjects as the classification, the just distribution, and the incidence of taxes. Finally, the existing methods of taxation in the United States will be studied, each tax being treated with reference to its proper place in a rational system of federal, state, and local revenues.

Written work will be required of all students, as well as a systematic course of prescribed reading. Candidates for Honors in Political Science and for the higher degrees will be given the opportunity of preparing theses in substitution for the required written work.

Course 7b is open to students who have taken Economics 1.

Source: Harvard University Archives. Official Register of Harvard University 1901-1902, Box 1. Bound volume: Univ. Pub. N.S. 16. History, etc. Faculty of Arts and Sciences, Division of History and Political Science comprising the Departments of History and Government and Economics (June 21, 1901), pp. 43-44.

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Final Examinations

ECONOMICS 7a
FINANCIAL ADMINISTRATION

  1. How is budgetary legislation prepared in France, in England and in the United States? In which country are the best results attained?
  2. At what time of the year is the budget prepared and enacted in France, England, Germany, Italy, Belgium, Prussia, and the United States? Why is the time of preparation and adoption an important consideration?
  3. Compare methods of budgetary legislation in England with those prevailing in France.
  4. Describe and criticize federal budgetary procedure in the United States?
  5. What part do supplementary, or deficiency, appropriations play in France, in England, and in the United States?
  6. Compare the English and French methods of accounting. What method is followed in the United States?
  7. What are the methods of collecting and issuing public money in England?
  8. What methods of collection and issue are followed in the United States?
  9. Compare the auditing methods of England, France, and the United States?
  10. Why are unity and universality important elements in any good budget system?

Source: Harvard University Archives. Mid-year examinations, 1852-1943. Box 6. Bound Volume: Examination Papers, Mid-years 1901-1902.
Also included in: Examination Papers, 1873-1915. Box 6, Bound volume Examination Papers, 1902-03Papers Set for Final Examinations in History, Government, Economics, Philosophy,… in Harvard College(June, 1902), pp. 26-27.

ECONOMICS 7b
TAXATION

  1. Describe the land taxes of France, Prussia, and Great Britain.
  2. Compare the French and the Prussian business taxes.
  3. Discuss the British income tax, giving special consideration to methods of administration and to financial results.
  4. In a similar manner discuss the Prussian income tax.
  5. Discuss briefly the customs taxes of Great Britain, France, and Germany.
  6. Describe the excise taxes of the same countries.
  7. What reasons are there for thinking that a tax on rent can not be shifted? Discuss the incidence of an excise tax on each unit of the product of an industry.
  8. What arguments are advanced for and against progressive taxation?
  9. Discuss the shortcomings of the property tax in the United States: (a) with reference to the taxation of realty; (b) with reference to the taxation of personalty.
  10. Describe the corporation taxes of Massachusetts.

Source:  Harvard University Archives. Mid-year examinations, 1852-1943. Box 6. Bound Volume: Examination Papers, Mid-years 1901-1902.
Also included in: Examination Papers, 1873-1915. Box 6, Bound volume Examination Papers, 1902-03Papers Set for Final Examinations in History, Government, Economics, Philosophy,… in Harvard College(June, 1902), pp. 26-27.

Image Source: Williams College, The Gulielmensian 1902, Vol. 45, p. 26. Colorized by Economics in the Rear-view Mirror.

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Harvard. Draft memo on “Basic Mathematics for Economics”. Rothschild, ca. 1970

 

“These bewildering cook-books [Allen, Lancaster, Samuelson, Henderson & Quandt] are as helpful to those without mathematical training as Escoffier is to weekend barbecue chefs.”

The 1969 M.I.T. economics Ph.D. Michael Rothschild served briefly as assistant professor of economics at Harvard, a professional milestone that went somehow unmentioned in his official Princeton biography included below. He co-taught the core graduate microeconomic theory course with Zvi Griliches in the spring term of 1971 which is probably why a draft copy of his memo proposing  “a course which truly covers ‘Basic Mathematics for Economists'” is found in Griliches’ papers at the Harvard Archives.

Tip: Here is a link to an interview with Michael Rothschild posted in YouTube (Dec. 4, 2012). A wonderful conversation revealing his academic humility and wit as well as an above-average capacity for self-reflection.

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Courses Referred to in Rothschild’s Memo

Economics 199. Basic Mathematics for Economists

Half course (fall term). M., W., F., at 10. Professor G. Hanoch (Hebrew University).

Covers some of the basic mathematical and statistical tools used in economic analysis, including maximization and minimization of functions with and without constraint. Applications to economic theory such as in utility maximization, cost minimization, and shadow prices will be given. Probability and random variables will be treated especially as these topics apply to economic analysis.

Source: Harvard University, Faculty of Arts and Sciences. Courses of Instruction, Harvard and Radcliffe 1969-1970. Published in Official Register of Harvard University, Vol. LXVI, No. 12 (15 August 1969), p. 142.

*  *  *  *  *  *  *  *

Economics 201a. Advanced Economic Theory

Half course (fall term; repeated spring term). Tu., Th., (S.), at 12. Professor D. Jorgenson (fall term); Professor W. Leontief (spring term).

This course will be concerned with production theory, consumption theory, and the theories of firms and markets.
Prerequisite: Economics 199 or equivalent.

Source: Ibid., p. 143.

*  *  *  *  *  *  *  *

Economics 221a. Quantitative Methods, I

Half course (fall term; repeated spring term). Tu., Th., S., at 11. Assistant Professor A. Blackburn (fall term); Assistant Professor M. Rothschild (spring term).

Probability theory, statistical inference, and elementary matrix algebra.

Prerequisite: Economics 199 or equivalent

Source: Ibid., p. 146.

_________________________________

DRAFT
[Summer or Fall 1970?]

M. Rothschild

Economics 201a, as Professor Jorgenson now teaches it1, presumes much specialized mathematical knowledge. (See attachment 1) There is no single course which covers all these topics, (chiefly the implicit function theorem, constrained maximization and Euler’s theorem), in either the economics or mathematics departments at Harvard. We are in effect demanding that our students arrive knowing these things or that they learn them on their own. The former is unlikely, the latter more so. Imagine trying to learn the mathematics necessary to follow the standard derivation of the Slutsky equation by studying the standard sources such as Allen, Mathematical Analysis for Economists, Lancaster’s Mathematical Economics or the appendices to Samuelson’s Foundations or Henderson and Quandt. These bewildering cook-books are as helpful to those without mathematical training as Escoffier is to weekend barbecue chefs. Those with some knowledge of mathematics will not find the standard sources much more helpful for they are written in a spirit alien to that of modern mathematics; they give almost no motivation or intuition for their results.

There are other bits of mathematics necessary for a thorough understanding of basic economic theory. For instance, the stability theory of difference and differential equations, the theory of positive matrices and rudiments of duality and convexity theory are required for the stability analysis of simple macro models, input output economics, and linear programming respectively. These are hardly new fangled and abstruse parts of economic theory. Indeed they are topics which should be part of every economist’s competence.

There are courses at Harvard where one can learn these things; the difficulty is that there are so many. Advanced courses in mathematical economics treat of positive matrices, duality and much more. Few students take these courses and almost no first year students do. I have no doubt that somewhere in the mathematics or applied math department, there is a course where one may learn all one would want to know and more of difference and differential equations. But all economists really need to know can be taught in three weeks or less.2

There is an obvious solution to these problems, namely for the department to offer a course which truly covers “Basic Mathematics for Economists.”3 A proposed course outline is attached. The course begins with linear algebra because most of the specialized topics needed for mathematical economics are applications of the principles of linear algebra. I know of no one semester course at Harvard which teaches linear algebra in a manner useful to economists. Another advantage to including linear algebra in this course is that it would make it possible to drop the topic from Economics 221a which is presently supposed to teach linear algebra, probability theory, and statistics in a single semester.4 I doubt this can be done. If linear algebra were excluded from the syllabus of 221a, there would be less reason for offering the course in the economics department. We could reasonably expect that our students learn statistics and probability theory from the statistics department (in Statistics 122, 123 or 190).

*  *  *  *  *  *

1…and, I hasten to say, as it should be taught

2A word must be said here about Mathematics 21. This excellent full year course in linear algebra and the calculus of several variables contains all the insights, and almost none of the material, which economists should know. With a slight rearrangement of topics, principally the addition of the implicit function theorem, constrained maximization, and the spectral theory of matrices this would be a great course for economists. As it is now it is a good, but rather time consuming, way to develop mathematical maturity which should make it easy to learn the mathematical facts economists need to know.

3The present title of Economics 199 which is a remedial calculus course taken only by those students with almost no mathematical training.

4I became aware of the need for such a course while teaching 221a. After spending three very rushed weeks developing some of the basic notions of linear algebra I had to drop the subject just when it would have been easy to go on and explain the mathematics behind basic economic theory. The desire of the students that I do so is indicated by the fact that most of them were enticed to sit through a second (optional) hour of lecture on a Saturday by the promise that I would unravel the mysteries of the determinental second order conditions for maximization of a function of several variables.

*  *  *  *  *  *

Proposed course outline:
  1. Linear Algebra, vector spaces, linear independence, bases, linear mappings, matrices, linear equations, determinants.
  2. Cursory review of the calculus of several variable from the vector space point of view, the implicit function theorem, Taylor’s theorem.
  3. Quadratic forms and maximization with and without constraints; diagonalization, orthogonality and metric concepts, projections.
  4. The Theory of Positive matrices; matrix power series.
  5. Linear Difference Equations, stability.
  6. Linear Differential Equations, stability.
  7. Convex sets and Duality. (If time permits.)

_________________________________

Michael Rothschild

Mike Rothschild first came to Princeton in 1972 as a lecturer in economics and quickly rose to the rank of professor three years later. Mike is an economist with broad interests in social science. His 1963 B.A. from Reed College was in anthropology, his 1965 M.A. from Yale University was in international relations, and his 1969 Ph.D. from the Massachusetts Institute of Technology was in economics.

In the early 1970s, Mike published a string of ground- breaking papers studying decision making under uncertainty and showing the effects of imperfect and asymmetric information on economic outcomes. With Joseph Stiglitz, Mike proposed now- standard definitions of what it means for one random variable to be “riskier” than another random variable. He studied consumer behavior when the same good is offered at different prices and when the consumer does not know the distribution of prices. He studied the pricing behavior of fi when they are uncertain about demand and showed that a fi may end up setting the wrong price even when it optimally experiments to learn about the demand for its product. Arguably, Mike’s most important early work was a 1976 paper with Stiglitz on insurance markets in which insurance companies did not know the heterogeneous risk situations of their customers. Mike and Stiglitz showed that under certain circumstances a market equilibrium exists in which companies offer a menu of policies with different premiums and deductibles that separate customers into appropriate risk groups. This research is one of the landmarks in the field of information economics.

Mike left Princeton in 1976 for the University of Wisconsin and moved to the University of California–San Diego (UCSD) seven years later. His research over this period included papers on taxation, investment, jury-decision processes, and several important papers in finance. Mike’s research contributions led to recognition and awards: he became a fellow of the Econometric Society in 1974, received a Guggenheim Fellowship in 1978, became a fellow of the American Academy of Arts and Sciences in 1994, and in 2005 was chosen as a distinguished fellow of the American Economic Association.

In 1985, Mike decided to branch out from teaching and research, and he spent the next 17 years in university administration. Shortly after arriving at UCSD he became that university’s first dean of social sciences. Under his watch, the division grew dramatically in the number of students, faculty, departments, and programs. He presided over the launching of cognitive science, ethnic studies, and human development. During his deanship, the UCSD social sciences soared in the national rankings, reaching 10th nationally in the last National Research Council tally for 1996.

Mike was lured back to Princeton in 1995 to become the dean of the Woodrow Wilson School of Public and International Affairs. During his seven-year tenure as dean, Mike started the one-year Master in Public Policy program for mid-career professionals; the Program in Science, Technology, and Environmental Policy; the Center for the Study of Democratic Politics; and the Center for Health and Wellbeing. Under his leadership, the Wilson School added graduate policy workshops to the curriculum, expanded course offerings, added multi-year appointments of practitioners to the faculty, and enhanced professional development. Mike shared his dean duties with his trusted and loyal dog, Rosie, who became an important part of the school’s community and accompanied Mike throughout campus.

Finally, Mike likes to wear a hardhat. At UCSD he oversaw the planning and construction of the Social Sciences Building, and at Princeton he built Wallace Hall and renovated Robertson Hall. The Princeton community may remember Mike most for turning Scudder Plaza from the home of a formal reflecting pool where guards kept people out of the fountain into a community wading pool that welcomes and attracts students, families, and children (many under the age of three) each summer evening.

Source: Princeton University Honors Faculty Members Receiving Emeritus Status (May 2009), pp. 18-20.

Image Source: Screenshot from the interview (Posted Dec. 4, 2012 in YouTube).

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Brookings. Economics PhD Alumna, Helen Everett, 1924

 

Today we rejoin our series, “Get to Know an Economics PhD Alumna.”

Helen Meiklejohn née Everett (1891-1982) was the daughter of a Brown University philosophy professor, Walter Goodnow Everett. Helen received her A.B. from Bryn Mawr (1915), A.M. from Radcliffe (1918), and was among the first (!) PhDs awarded at Brookings (1924).

Helen Everett’s personal academic ambitions appear to have immediately taken a back seat to those of her husband, Alexander Meikeljohn, who had been a professor of philosophy and former colleague of Helen’s father at Brown. He actually knew her as a child. Before Helen and Alexander married in 1926, he had already served as Dean of Brown University (1901-1912) and as President of Amherst College (1912-1924). He was professor of philosophy at Wisconsin (1926-1938). He established the Experimental College of the University of Wisconsin-Madison (1927-32). The Experimental College is considered “the forebearer of the Integrated Liberal Studies program at Wisconsin“. Alexander Meikeljohn had made a name for himself as a dynamic and passionate educational reformer and his picture was even on the cover of Time magazine (October 1, 1928). After Wisconsin’s Experimental College was closed in 1932 in no small part because of the fiscal austerity induced by the great depression, in 1938 Helen and Alexander switched full-time to his next big project for adult education, the San Francisco School of Social Studies that ended with WWII. Besides his legacy as an educational reformer, an even greater fame was achieved through his unconditional advocacy of free speech during the McCarthy era. He was selected for the U.S. Presidential Medal of Freedom in 1963 by President John F. Kennedy–the award was presented by President Lyndon B. Johnson after Kennedy’s assassination.

Joseph Tussman (center) with Alec and Helen Meiklejohn, Berkeley 1961. Photo by David Tussman.

Since this is a post about Helen Everett, we move on to some details of her life and career. A casual newspaper search turned up numerous instances of Helen Meiklejohn speaking at a wide variety of progressive social and economic policy events after her marriage but the only post-marriage publication to have received any note was her chapter on pricing policy in the dress industry (see below).

_____________________

Born in Providence, R.I. on December 8, 1891 to Walter G. Everett and Harriet Mansfield Cleveland.

Died in Berkeley, CA on August 3, 1982.

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Education

1915. A.B., Bryn Mawr

1918. A. M. Radcliffe

1924. Ph.D. Robert Brookings Graduate School  of Poitics and Economics

_____________________

Employment

  • Vassar College. [1918/19(?)-1920] Instructor of Economics.
  • American Association for Labor Legislation in New York.
  • “Helen Everett left Vassar last June, worked a month as a factory worker in Cleveland in order to make reports to the Consumers’ League, and sailed in September for England, where she is studying at the London School of Economics.”
    SourceBryn Mawr Alumnae Bulletin, 1921, p. 27.
  • Institute of Economics (Washington, D.C.) [ca. 1924-26]
  • “Helen Everett Meiklejohn, wife of Alexander Meiklejohn of the University of Wisconsin, has been added to the staff of associate editors responsible for books on economics and political science, published by W. W. Norton & Co. “
    Source: July 1, 1928. Wisconsin State Journal p. 1.
  • San Francisco School of Social Studies

“Tussman: … Now, Meiklejohn had started before the war, he had started the San Francisco school of social studies. He was a great believer in adult education. It was a free-wheeling enterprise which had classes for working people, mostly, not devoted to career stuff, just general social theory and philosophy. We read things like Veblen, a good deal. And at one point, although I was still a graduate student, he asked me to teach a couple of classes. So I would drive out with Helen, his wife, who was a PhD in economics, and very bright, and another two guys, to Santa Rosa, where once a week we taught a class in Santa Rosa, and then drove back here to Berkeley, and once a week I met a class in San Francisco. I was doing that until the war. During the war the enterprise came to an end, but it was a rather interesting quixotic venture.”
Source: Lisa Rubens, Interviews from 2004 conducted with Joseph Tussman: Philosopher, Professor, Educator. University of California. The Bancroft Library, Regional Oral History Office. Berkeley, 2012.

  • Research Economist, Consumer Needs Unit, Office of Price Administration.
    Source: The Boston Globe, 26 February 1945, p. 11.

_____________________

Foreign Travel

I.

Arrived from Plymouth on S.S. Nieuw Amsterdam in Port of New York City on November 17, 1920.

[Her passport application was dated August 24, 1920 to leave New York on the S.S. Olympic on September 18, 1920 for the purpose of study in Great Britain, France, and Italy.]

II.

[From passport application filed June 1, 1922 in Berlin, Germany]

England. July 1921 to December 1921.
France. December 1921 to May 1922.
Germany (Berlin). May 1922 to September 1922.

Return September 23, 1922 Port of N.Y.C. [travelling with her parents]

“The Class Editor [1913] had news of Helen Everett indirectly the other day. She (the c.e.) sat next to two Vassar Seniors at luncheon, who, on finding that their neighbor was a Bryn Mawr alumna, immediately asked if she knew “Miss Everett.” On replying in the affirmative a most enthusiastic account of Helen’s career as an instructor at Vassar followed, ending with an expression of deep regret that she was no longer there. Helen is studying economics in London this winter, according to these same Vassar Seniors.”
SourceBryn Mawr Alumnae Bulletin, 1922, p. 27.

III.

Return from England (via Southampton to port of N.Y.C.) on October 23, 1925 S.S. Berengaria. [Alexander Meiklejohn travelled with her according to the ship manifest. They were married Wednesday, June 9, 1926 in Boston. (pre-honeymoon?)]

_____________________

Publications identified (to date)

Everett, Helen. 1924. The Reorganization of the British Coal Industry. Ph.D. thesis, Robert Brookings.

——. 1925. Book Review of “The Women’s Garment Workers: A History of the International Ladies’ Garment Workers’ Union.” American Economic Review 15(3) (September): 524–5.

——, with Isador Lubin [Lubin had been a student of Veblen’s at Missouri, had worked with Veblen at the wartime Food Administration, and with Mitchell in the Prices Section of the WIB.”]. The British Coal Dilemma. (New York, Macmillan, 1927).

——. Book Review of “A Theory of the Labor Movement” by Selig Perlman. New York: Macmillan, 1928. Social Service Review Vol. 3, No. 3 (Sept. 1929), pp. 523-525.

——. Book Review of “British Industry Today” by Ben M. Selekman and Sylvia Kopald Selekman. New York: Harper & Bros., 1929.

—— (Chapter on the dress industry), in Walton Hamilton (principal author, Gasoline industry.), Mark Adams (automobile industry), Albert Abrahamson (automobile tires), Irene Till, George Marshall (cottonseed industry) and Helen Meiklejohn. Price and Price Policies. New York: McGraw-Hill Book Co., Inc., 1938.  Vol. 7 of Reports prepared for the President’s Cabinet Committee on Price Policy.   [industries covered by other authors: whiskey and milk].

_____________________

Survived the Derailment of the Streamliner “City of San Francisco”
August 12, 1939 in Carlin, Nevada

…Mrs. Helen C. Meiklejohn, of 1525 LaLoma Avenue, Berkeley, told the same story as she smiled through bandages on her nose. Mrs. Meiklejohn, whose husband, Alexander, is connected with the University of Wisconsin, was in her berth but not asleep when the crash came.
She was thrown into the aisles, banging her nose and eyes, and then remained pinned for hours while volunteer workers tried to release her.
“I never was so glad to see anyone as I was the cowboy who finally climbed in and freed me. I had been bleeding all the while, though it wasn’t serious and I never was unconscious. The cowboys helped me climb out of the train and up to a girder to land.”

SourceOakland Tribune, August 14, 1939, p. 3

_____________________

Helen Meiklejohn, Obituary

BERKELEY — A private family memorial service is pending for Helen Everett Meiklejohn, prominent professional economist and educator who had been a Berkeley resident since 1934.

A native of Providence R.I., Mrs. Meiklejohn died Aug. 3 [1982] in a Berkeley hospital. She was 89.

Mrs. Meiklejohn was the widow of Alexander Meiklejohn, noted educator and civil libertarian, and the youngest daughter of Walter Goodrow Everett, professor of philosophy at Brown University.

She graduated from Bryn Mawr College in 1915 and held advanced degrees in Economics from Radcliffe and Washington University of St Louis [Note: the Brookings PhD program was originally part of the Washington University Program]. She taught at Vassar College and worked on the staff of the Brooking Institution in Washington D.C.

She was co-author, with Isador Lubin, of “The British Coal Dilemma” and published articles in a number of professional journals.

She married Mr. Meiklejohn in 1926 and lived in Madison, Wis., for a number of years before moving to Berkeley, where she and her husband founded and taught in the San Francisco School of Social Studies. She was a member of the Council on the National Institution of Mental Health and was for many years an active participant in Planned Parenthood.

She is survived by four stepchildren, Ann Stout, of Richmond, Kenneth Meiklejohn, of Alexandria, Va., Donald Meiklejohn, of Syracuse, N.Y., and Gordon Meiklejohn, of Denver Colo., a niece, Mrs. John Nason, of Keene, N.Y., and two nephews, George and Douglas Mercer.

Source: Obituary. Helen Meiklejohn. The Berkeley Gazette (August 11, 1982), p. 2.

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Wisconsin. Debate on role of federal government in the economy. Keyserling vs. Friedman, 1963

Rummaging through the digitized archival offerings of the University of Wisconsin library, I came across the poster above announcing a debate betwen Leon Keyserling and Milton Friedman. The poster gives a date and time for the debate but no year was included for the obvious reason that advertising years in advance on posters seldom makes sense. The webpage where the image of the poster is displayed is hardly helpful in dating the debate:

Economic debate poster

  • ca. 1961-ca. 1973
  • A poster announcing a debate on government action on the economy to be held at the Union Theater. The poster once hung in Van Hise Hall and was found during construction.

From the following two articles in the Wisconsin State Journal we find that the debate took place in 1963. It is also somewhat interesting to note that the debate took place just eight days before the assassination of John F. Kennedy in Dallas, Texas. 

________________________

U.S. Government Role in Economy Will Be Debated

Economists Leon Keyserling and Milton Friedman will debate the proposition that the federal government should play an active roll in the economy, at 8:15 tonight in the Wisconsin Union theater.

Keyserling, chairman of the Council of Economic Advisers to the President from 1950 until the end of the Truman Administration, will present the affirmative aide of the argument.

He is presently the head of the Conference on Economic Progress and a consulting economist and attorney in Washington. He has served as deputy administrator of the U.S. Housing Authority, and as consultant to various committees and members of the Senate and the House.

Keyserling has been connected with the studies and drafting of such economic legislation as the National Industrial Recovery act, the National Housing act, the National Labor Relations act, the Employment act, and the General Housing act.

Debating the negative side of the proposition will be Friedman, professor of economics at the University of Chicago and a member of the research staff of the National Board [sic] of Economic Research.

A visiting professor at the University of Wisconsin in 1940-41, Friedman has also served as an associate economist with the National Resources committee and as the principal economist for the division of tax resources of the U.S. Treasury Department.

The debate is sponsored by the Wisconsin Union Forum committee and the Pan-Hellenic and Interfraternity Associations. No tickets are needed.

Source: Wisconsin State Journal. Madison. Thursday, November 14, 1963, p. 4.

________________________

1,000 Hear Top Economists Debate Role of Government
By William Hauda (State Journal Staff Writer)

Economists Leon Keyserling and Milton Friedman Thursday night didn’t reach any agreement on what role the federal government should play in the national economy.

Keyserling, a liberal and a leading consulting economist and attorney in Washington, D. C, contended that the federal government should play an active role in the economy.

Debate Before 1,000

Friedman, a conservative and professor of economics at the University of Chicago, argued the negative in a debate before more than 1,000 persons in the Wisconsin Union theater.

Keyserling maintained that today’s world problems of competing economic systems and large armaments “can only be solved through the system we call government”

“These things will continue to require sensitive, progressive, alert, and — yes — expanding public responsibility,” he said.

Friedman said, “Of course we all know the federal government has for a long time played a role in the economy. I am sure that; Mr. Keyserling, like all of us, would like to see a world where less is spent on armaments.”

He went on to argue that, in most every case, federal control has not accomplished its objectives.

He said it was “not a simple issue of responsible government” and that he wanted to see a system in which a producer can’t get government protection and can only prosper by serving the consumer.

Cites Travels

Friedman said neither the Interstate Commerce Commission (ICC) nor the Federal Communications Commission (FCC) has accomplished their objectives and described anti-trust legislation as a “mixed bag” of good and bad.

Of his recent travels around the world, he said, “What struck me was wherever there was extensive central planning, there was poverty.” As examples, he cited Russia, India and Indonesia.

“I am not saying free enterprise will produce prosperity,” he added. “By itself, it is not a sufficient condition.”

In his rebuttal, Keyserling said Friedman’s arguments were like saying if there is corruption in the New York police department, we should just get rid of the police.

“Next, my friend trys to tell you that the farm program has accomplished nothing. Goodness knows, there are thorns in the farm program. But what person can stand up in the state of Wisconsin and tell you the farmer is not better off than 40 years ago.”

“My friend wants to do away with the public operation of secondary schools,” said Keyserling. I don’t. I think we need more schools.”

“I’m the first one to the government has not perfected the degree of control of business cycles that I would like to see it obtain,” said Keyserling. But he added, “all this progress has been made within our life time and I’d like to see it continue.”

Friedman said, “The best thing the government can do is provide a stable (economic) background.” He said the government should not disrupt the economy and should allow free enterprise to run the economy.

Source: Wisconsin State Journal. Madison. Saturday, November 16, 1963, p. 7.

Image Source: University of Wisconsin digital library.

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Minnesota. Interview about banking/financial historians. Heaton, 1955

In an earlier post we are provided with a glimpse of Minnesota professor Herbert Heaton’s wit in his answer to the question “What are economic historians made of?“. In preparing that post, I came across the following 1955 interview that provided some background assessments of economic historians who he judged might have been interesting for a Brookings project on the history of the Federal Reserve System.

A 2007 tribute from the Newsletter of the Economic History Association has been appended to this post for further biographical/career information.

___________________

Backstory to Heaton Interview

In 1954, the Rockefeller Foundation awarded a grant to the Brookings Institution to undertake “a comprehensive history of the Federal Reserve System.” The collection consists of documents gathered or generated between 1954 and 1958, during the course of the Committee’s work.

MA (the interviewer below) was Mildred Adams “a New York journalist specializing in economic affairs”.

“Deputy Treasurer of the United States W. Randolph Burgess expressed his interest in writing a “definitive” history of the Federal Reserve System when he retired from federal service….”

“On January 21, 1954, the Rockefeller Foundation awarded a grant of $10,000 to the committee for an ‘exploratory study of the historical materials relating to the Federal Reserve System.’ The grant was to be administered by Brookings.”

“From January 1954 to June 1956, Mildred Adams served as research director of the project….Meanwhile, however, Burgess had been appointed under secretary of the Treasury and decided that he would not be able to start the planned comprehensive history any time soon. The committee spent the next two years searching for an able economic historian to assume direction of this major study.”

“By the spring of 1956, the committee’s failure to find a qualified scholar and Allan Sproul’s retirement from the Federal Reserve Bank of New York and subsequent resignation as chairman of the committee caused problems. With no historian, the committee redefined its goals and requested the Rockefeller Foundation to relieve the committee of its obligation to write a ‘definitive’ major study and instead allow it to encourage smaller, topical studies of the Federal Reserve System.”

Source:  Federal Reserve Bank of St. Louis. FRASER. Committee on the History of the Federal Reserve System: Guide to the Brookings Institution Archives.

___________________

Notes from interview with Herbert Heaton

June 11, 1955

Internal Memorandum

Interview with Dr. Herbert Heaton, Professor of Economic History at the University of Minnesota

I went out to see Dr. Heaton on a Saturday morning at his home in Minneapolis and found him a charming Yorkshireman with a delightful sense of humor and a wide knowledge of both economics and history. Were he a little younger, he might prove to be the ideal person to do this work, although I have not yet read his books. I discussed the whole project with him in detail and then asked for any suggestions of people he might have for our purposes.

Dr. Heaton confirmed what we have already found, namely that the field is a rather arid one in the realm where history and economics meet. He himself had been on the committee which set up the economic history group with which Professor Arthur Cole of Harvard works. He agreed with Dr. [Walter W.] Stewart that that had rather worked itself out, though he said that the Hidys [Ralph Willard Hidy and Muriel E. (Wagenhauser) Hidy] were doing good work in their chosen field. They are to spend this summer in Minneapolis working on the Weyerhauser Lumber business.

Dr. Heaton said that John [K.] Langum was a brilliant student in the Harvard Business School. He had a minor in economic history and a fine historical sense.

He suggested that we talk to [Charles] Ray Whittlesey of the Wharton School who is interested in banking history. He thought that Whittlesey might have useful recommendations and called him one of the best insofar as historical interests in economic matters are concerned.

He spoke of Herman Kruse [sic, Herman E. Krooss] of New York University as someone who wrote well on financial history. He said that Mr. Kruse had energy, capacity and ability to handle material, but he seemed to think that he was lacking in tact, and he was not quite sure what he might do with an assignment in this project.

A young man named Robert Jost, now at Minnesota doing a doctor’s thesis on the Chatfield Bank, may be a possibility later on in the project, depending on what he makes of the Chatfield Bank. It is a small bank in Minnesota which, for some fortunate reason, has kept all its records and is making a very interesting study.

At the University of Wisconsin Dr. Heaton said that Rondo Cameron was working on the Credit Mobilier in Paris was worth watching. This again is a matter of seeing what he turns out.

He said that [Walter] Rostow at M.I.T., who has been devoting himself to business cycles, would ask the right questions of the material. Rostow has a quick mind and the right range of interests for this project. Oxford and Cambridge had both invited him for next year. His research expert is Mrs. [Anna] Schwartz. His brother [Eugene Rostow] is Dean of the Law School at Yale. In Dr. Heaton’s opinion, Mr. Rostow ought certainly to be explored.

Dr. Heaton says that Arthur Marget is someone he has known in the past as being brilliant on history or theory. He did not know that Mr. Marget had now gone to the Board and wondered if this might rule him out so far as the international sphere is concerned.

He also spoke of Frank A. Knox, who got his Ph.D at the University of Chicago and now writes reviews in the Canadian Journal of Economic and Political Science. Mr. Knox has not published much, but he is worth watching in Dr. Heaton’s opinion.

Dr. Heaton promised to keep the project in mind. He will talk with his associates about it and will send us any other suggestions which come up in the course of his work at the University of Minnesota.

We explored the things which he himself was doing, and he said that he had just turned 65 and did not believe that one should take on these big projects after that age. I had the feeling that he might, however, be interested in the project sufficiently so that he would take a piece of it. I had no authority to discuss it with him at that time, but I think this is worth considering. As a beginning, it might be worthwhile to read his “Economic History of Europe.”

MA:IB

Source:  Federal Reserve Bank of St. Louis. FRASER. Committee on the History of the Federal Reserve System.

___________________

Past Presidents of the EHA:
Herbert Heaton

Herbert Heaton was one of the founding members of the Economic History Association, serving as one of its two inaugural vice presidents, ascending to the presidency in 1949, and remaining active in the association until his death. Along with E.A.J. Johnson and Arthur Cole, he drafted a grant application to the Rockefeller Foundation, which resulted in a $300,000 award in December of 1940. The grant financed research in economic history over the next four years. Heaton was a member of the original board of trustees of the EHA. Each of the five original members went on to serve as president of the association: Edwin F. Gay (1941-42), Heaton (1949-50), Earl J. Hamilton (1951-52), E.A.J. Johnson (1961-62), and Shepard B. Clough (1969).

Heaton was active in the formation of the EHA and was personally responsible for the recruitment of most of the members from the Midwest. He was an enthusiastic scholar of the evolution and applications of economic history, authoring several articles on the history of the discipline and a biography of Edwin Gay, the first president of the EHA. In an article entitled “Clio’s New Overalls,” published in The Canadian Journal of Economics and Political Science(November, 1954), Heaton was one of the first authors to discuss the marriage of clio and its metric partner in regard to the study of economic history. His discussion of the metric side of the equation was anything but enthusiastic however. Instead, he criticized the tendency of young scholars to use technical tools to make precise measurements of what he considered to be inaccurate data.

Heaton was born in England on June 6, 1890, the son of a blacksmith. He studied history and economics at the University of Leeds, earning his B.A. in 1911. He earned his M.A. in 1912 from the London School of Economics before accepting a position as assistant lecturer in economics under (Sir) William Ashley at the University of Birmingham. While there, he earned another Masters degree in 1914. He then moved to Australia and began a post as lecturer in history and economics at the University of Tasmania.

While in Tasmania Heaton developed the study of economics and encouraged research into Australian economic history. His controversial comments on the war provoked the censure of the more conservative elements of the Tasmanian press and public. In 1917 he moved to the University of Adelaide where he expanded the economics discipline and developed the diploma of commerce. Once again his liberal opinions aroused the ire of the conservative business class. Heaton argued that capitalism was the root of all the evils of individual and corporate life. He subscribed to the Marxist belief that capitalism would eventually give way to socialism. Consequently, the university refused to establish a degree in economics while Heaton led the discipline. As a means of preserving his academic career, he accepted a chair of economic and political science at Queen’s University in Kingston, Ontario in 1925. He stayed in Canada for two years before moving to the University of Minnesota, where he remained until he retired in 1958.

In 1936, Heaton compiled his research on Europe and published the Economic History of Europe, which was for a long time the standard text on the subject. Heaton said that he wrote the book especially for students with no background in economic history. He summed up economic history as the story of how man has worked to satisfy his material wants, in an environment provided by nature, but capable of improvement, in an organization made up of his relations with his fellows, and in a political unit whose head enjoys far-reaching power to aid, control, and appropriate. Such lofty views of the discipline were what made Heaton such a dedicated and valuable member of the Economic History Association.

Herbert Heaton died on January 24, 1973 in Minneapolis, survived by his three Australian-born children and his wife Marjorie Edith Ronson. He was an active scholar to the end of his life, publishing his ninth and final article in the JEH in June of 1969, nearly 28 years after his first JEH appearance.

Sources

Archives of the Economic History Association, Hagley Museum, Wilmington, DE.

Blaug, Mark, ed., Who’ s who in economics: a biographical dictionary of major economists, 1700-1986, Cambridge, MA: MIT Press, 1986, 2nd ed.

Bourke, Helen, “Heaton, Herbert (1890-1973),” Australian Dictionary of Biography, Vol. 9, Melbourne: Melbourne University Press, 1983, pp. 250-251.

Cole, Arthur H., “Economic History in the United States: Formative Years of a Discipline,” The Journal of Economic History, Vol. 28, No. 4 (Dec., 1968), pp. 556-589.

de Rouvray, Cristel, “‘Old’ Economic History in the United States: 1939- 1954,” Journal of the History of Economic Thought, Vol. 26, No. 2 (June, 2004), pp. 221-39.

Harte, N.B., “Herbert Heaton, 1890-1973: A Biographical Note and a Bibliography [Obituary],” Textile History Vol. 5 (1974), p. 7.

Payne, Elizabeth, “Herbert Heaton,” term paper for Professor Robert Whaples, Wake Forest University, 2006.

Selected writings of Herbert Heaton

“Heckscher on Mercantilism,” The Journal of Political Economy, Vol. 45, No. 3 (June, 1937), pp. 370-93.

“Rigidity in Business Since the Industrial Revolution,” The American Economic Review, Vol. 30, No. 1, Part 2, Supplement, Papers and Proceedings of the Fifty-second Annual Meeting of the American Economic Association (Mar., 1940), pp. 306-313.

“Non-Importation, 1806-1812,” The Journal of Economic History, Vol. 1, No. 2 (Nov., 1941), pp. 178-98.

“The Early History of the Economic History Association,” The Journal of Economic History, Vol. 1, Supplement: The Tasks of Economic History (Dec., 1941), pp. 107-09.

“Recent Developments in Economic History,” The American Historical Review, Vol. 47, No. 4 (July, 1942) pp. 727- 46.

“The Making of an Economic Historian,” The Journal of Economic History, Vol. 9, Supplement: The Tasks of Economic History (1949), pp. 1-18.

“Clio’ s New Overalls,” The Canadian Journal of Economics and Political Science, Vol. 20, No. 4 (Nov., 1954), pp. 467-77.

“Twenty-Five Years of the Economic History Association: A Reflective Evaluation,” The Journal of Economic History, Vol. 25, No. 4 (Dec., 1965), pp. 465-79.

Modern economic history, with special reference to Australia, Melbourne: Macmillan & Co., 1925.

A history of trade and commerce, with special reference to Canada, Toronto: T. Nelson & Sons, 1928.

The British Way to Recovery: Plans and Policies in Great Britain, Australia, and Canada, Minneapolis: University of Minnesota Press, 1934.

Economic History of Europe, New York: Harper, 1948.

A Scholar in Action, Edwin F. Gay, Cambridge: Harvard University Press, 1952.

 

Source: Past Presidents of the EHA: Herbert Heaton, The Newsletter of the Economic History Association (ed. Michael Haupert), No. 31 (December 2007), pp. 16-18.

Image SourceNewsletter of the Economic History Association, No. 31 (December 2007), p. 16.

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United States. Courses of Study of Political Economy. 1876 and 1892-93.

 

The first article in the inaugural issue of The Journal of Political Economy, “Courses of Study in Political Economy in the United States in 1876 and in 1892-93,” was written by the founding head of the University of Chicago’s department of political economy, J. Laurence Laughlin. This post provides Laughlin’s appendix that provided information about economics courses taught in 65 colleges/universities in the United States during the last quarter of the 19th century. The bottom line of the table is that “aggregate hours of instruction in 1892-3 [were] more than six times the hours of instruction given in 1876”.

__________________________

How little Political Economy and Finance were taught only fifteen years ago, as compared with the teaching of to-day, must be surprising even to those who have lived and taught in the subject during that period…. At the close of the war courses of economic study had practically no existence in the university curriculum; in short, the studious pursuit of economics in our universities is scarcely twenty years old. These considerations alone might be reasons why economic teaching has not yet been able to color the thinking of our more than sixty millions of people. But about the close of the first century of our national existence it may be said that the study of Political Economy entered upon a new and striking development. This is certainly the marked characteristic of the study of Political Economy in the last fifteen years. How great this has been may be seen from the tables giving the courses of study, respectively, in about 60 institutions in the year 1876 and in 1892-3. (See Appendix I.) The aggregate hours of instruction in 1892-3 are more than six times the hours of instruction given in 1876.” [Laughlin, p. 4]

__________________________

Courses of Study in Political Economy in the United States in 1876 and in 1892-93.

Note: Returns could not be obtained from Johns Hopkins University, Amherst College, and some other institutions.

Institution.

Description of Courses.

1876.

1892-3.

No. hours per week.

No. weeks in year. No. hours per week.

No. weeks in year.

University of Alabama.

Text Book and Lectures, Senior Year

Finance and Taxation

4

2

36

36

[Total hours of instruction per year] 216
Boston University. Principles of Political Economy 3 20
[Total hours of instruction per year] 60
Bowdoin College, Brunswick, Maine.

Elementary (Required)

Advanced (Elective)

5

14

4

4

12

10

[Total hours of instruction per year] 70 88
Brown University, Providence, R. I.

Elementary

History of Econ. Thought

Advanced Course

[2nd] Advanced Course

Seminary of History, Pol. Sci., and Pol. Econ.

16-17

3

3

3

3

2

33-34

11-12

11

11

23

[Total hours of instruction per year] 40-42½ 242-250
University of Chicago, Chicago, Ill. 1.     Introductory Political Economy

2.     Descriptive Political Economy

3.     Advanced Political Economy

4.     Industrial and Economic History

5.     Scope and Method

6.     History of Political Economy

7.     Unsettled Problems

8.     Socialism

9.     Social Economics

10.   Practical Economics

11.   Statistics

12.   Railway Transportation

13.   Tariff History of U.S.

14.   Financial History of U.S.

15.   Taxation

16.   Public Debts

17.   Seminary

5

4

5

4

4

5

4

4

4

4

4

4

4

4

4

4

4

12

12

12

24

12

12

12

12

12

12

12

12

12

12

12

12

36

[Total hours of instruction per year] 996
Colby University, Waterville, Maine.

Elementary [1st]

Elementary [2nd]

Theoretical

Historical

5

7

2

2

4

4

13

10

13

10

[Total hours of instruction per year] 35 138
Columbia College (School of Political Science, New York City. 1.     Principles of Political Economy (Element.)

2.     Historical Practical Political Economy (Advanced)

3.     History of Economic Theory (Advanced)

4.     Public Finance (Adv.)

5.     Railroad Problems (Adv.)

6.     Finan. History of U.S. (Adv.)

7.     Tariff History of U.S. (Adv.)

8.     Science of Statistics (Adv.)

9.     Communism and Socialism (Adv.)

10.   Taxation and Distribution (Adv.)

11.   Seminarium in Political Economy (Element.)

12.   Seminarium in Public Finance and Economy (Adv.)

13.   Law of Taxation (Adv.)

3 and 5, 6 and 7, 8 and 9
given in alternate years.

2

 

 

 

17

 

 

 

2

 

3

2

 

2

2

2

2

2

2

2

 

 

2

2

17

 

34

34

 

34

25

34

17

34

34

17

34

 

34

17

[Total hours of instruction per year] 34 764
Columbian University, Washington, D.C. Elements of Political Economy 5 8
[Total hours of instruction per year] 40
Cornell University, Ithaca, N. Y. 1.     Elementary Political Economy

2.     Advanced Political Economy

3.     Finance

4.     Financial History

5.     Railroad Problems

6.     Currency and Banking

7.     Economic History

8.     Statistics

2

11

3

2

2

2

2

2

2

1

34

34

34

13

11

10

34

34

[Total hours of instruction per year] 22 408
Dartmouth College, Hanover, N.H. 1.     Elementary

2.     Advanced

3.     Advanced Finance and Tariff

6

6

6

6

6

6 2/3

4 1/6

3 1/3

[Total hours of instruction per year] 36 85
University of Denver, Col. 1.     Ely’s Introduction

2.     Ingram’s History

3.     Gilman’s Profit-Sharing

4.     Ely, Labor Movement in America

5.     Kirkup’s and Rae’s Socialism

6.     Finance and Taxation

7.     International Commerce

2

1

1

2

2

4

2

15

5

5

5

5

5

5

[Total hours of instruction per year] 90
DePauw University, Greencastle, Ind.

Economics (Elementary)

Seminarium (Advanced)

4

12

4

2

18

36

[Total hours of instruction per year] 48 144
Drury College, Springfield, Mo. Elementary Course 5 6 5 12
[Total hours of instruction per year] 30 60
Emory College, Oxford, Ga. Jevons’ Text, and Lectures. 5 12
[Total hours of instruction per year] 60
Franklin and Marshall College. Political Economy, (Walker’s) 2 15 2 20
[Total hours of instruction per year] 30 40
Georgetown College, Ky. 1.     General Economics

2.     Special Topics

5

15

3

3

20

20

[Total hours of instruction per year] 75 120
Harvard University, Cambridge, Mass. 1.     Introductory

2.     Theory (Advanced)

3.     Economic History from 1763

4.     Railway Transportation

5.     Tariff History of U.S.

6.     Taxation and Public Debts

7.     Financial Hist. of U.S.

8.     Condition of Workingmen

9.     Economic Hist. to 1763

10.   History of Theory to Adam Smith

Seminary

3

3

30

30

3

3

3

3

2

3

2

3

3

2

2

30

30

30

15

15

30

15

30

30

15

30

[Total hours of instruction per year] 180 735
Haverford College, Pa. Economic Theory 2 40
[Total hours of instruction per year] 80
Howard University, Washington, D. C. Elementary 5 10 5 10
[Total hours of instruction per year] 50 50
Illinois College and Whipple Academy, Jacksonville, Ill. Newcomb’s Polit. Economy, Seniors 5 15
[Total hours of instruction per year] 75
University of Illinois, Champaign, Ill. Senior Class 5 11 5 11
[Total hours of instruction per year] 55 55
Iowa College, Grinnell, Iowa.

Political Economy

Taxation

Railroad Problems

Socialism

5

10

3

3

3

3

37

14

12

11

[Total hours of instruction per year] 50 222
State University of Iowa, Iowa City, Iowa.

Elements of Economics

Currency and Banking

Industrial Revolutions of 18th Century

Recent Econ. History and Theory

Railroads, Pub. Regulation of

Seminary in Polit. Econ.

5

 

14

 

5

5

2

 

2

2

1

14

11

14

 

11

10

35

[Total hours of instruction per year] 70 230
Kansas State Agricultural College, Manhattan, Kan. Elementary, 4th year 5 8 5 11
[Total hours of instruction per year] 40 55
Kansas State University, Lawrence, Kansas. 1.     Elements of Political Economy

2.     Applied Economics

3.     Statistics

4.     Land Tenures

5.     Finance

5

19

5

3

2

2

2

19

19

19

19

19

[Total hours of instruction per year] 95 266
Lake Forest University, Lake Forest, Ill. 1.     Elementary

2.     Advanced

3

11

3

3

16

13

[Total hours of instruction per year] 33 87
Massachusetts Institute of Technology, Boston, Mass. 1.     Political Economy, Elem., Junior Year

2.     Financial Hist. of U.S., Jun. and Sen. Year

3.     Taxation, Junior and Senior Year

4.     History of Commerce

5.     History of Industry, Junior and Senior Year.

6.     Socialism, etc. (Option), Jun. and Sen. Year

7.     History of Economic Theory (Opt.), Senior

8.     Statistics and Graphic Methods, Junior

9.     Statistics and Sociology (Option) Senior

2

 

 

 

15

 

 

 

3

3

 

3

3

 

3

2

 

2

3

15

15

 

15

15

 

15

15

 

15

15

[Total hours of instruction per year] 30 375
Michigan Agricultural College. Primary Course 5 12
[Total hours of instruction per year] 60
University of Michigan, Ann Arbor, Mich. 1.     Elements of Political Economy

2.     Elements of Political Economy

3.     Hist. Devel. of Industr. Society

4.     Finance

5.     Problems in Pol. Econ

6.     Transportation Problem

7.     Land Tenure and Agrarian Movements

8.     Socialism and Communism

9.     Currency and Banking

10.   Tariff History of U.S.

11.   Indust. and Comm. Develop. of U.S.

12.   History of Pol. Econ.

13.   Statistics

15.   Economic Thought

16.   Labor and Monopoly Problems

17.   Seminary in Finance

18.   Seminary in Economics

20.   Social Philosophy with Economic Relations

21.   Current Econ. Legislation and Literature

 

18

 

3

4

3

4

4

2

2

2

2

2

2

2

1

1

1

2

2

1

 

2

18

18

18

18

18

18

18

18

18

18

18

18

18

18

18

18

18

18

 

18

[Total hours of instruction per year] 45 756
Middlebury College, Middlebury, Vermont. 1.     Elementary (Junior Class)

2.     Advanced (Senior Class)

3.     Finance (Senior Class)

4.     Seminary

4

4

10

10

3

2

2

1

35

21

14

21

[Total hours of instruction per year] 80 196
University of Minnesota. 1.     Elementary

2.     Advanced

3.     Am. Pub. Economy

4.     Undergraduate Seminary

5.     Graduate Seminary

5

13

4

4

4

2

1

13

13

10

23

36

[Total hours of instruction per year] 65 226
University of Mississippi, University, Miss. Advanced 5 30
[Total hours of instruction per year] 150
Mt. Holyoke College, South Hadley, Mass.

Polit. Econ. (General)

Polit. Econ. Seminary

4

2

12

12

[Total hours of instruction per year] 72
College of New Jersey at Princeton.

Pol. Econ. (Elem., Elective)

Pol. Econ. (Elem., Required)

Finance (Elective)

Historics—Econ. Semin.

2

13

2

2

2

16

16

15

[Total hours of instruction per year] 26 94
College of the City of New York. 16
[Total hours of instruction per year] 48*
New Hampshire College of Agriculture and Mechanic Arts, Hanover, N. H. Elementary—Perry or Walker 4 10-12 5 10
[Total hours of instruction per year] 48 50
Oberlin College, Oberlin, Ohio. 1.     Elementary Polit. Econ.

2.     Advanced Polit. Econ.

3.     Finance

4.     History Econ. Thought

5.     Economic and Social Problems

6.     “Money,” etc.

5

12

5

5

3

3

3

2

11

12

25

13

12

36

[Total hours of instruction per year] 60 337
Ohio State University.

Elementary

Advanced

Finance

Seminary (Indust. History)

2

2

2

2

38

26

12

38

[Total hours of instruction per year] 228
Ohio Wesleyan University, Delaware, Ohio. 4 12 4 12
[Total hours of instruction per year] 48 48
Penn. Military Academy, Chester, Penn. Elementary 5 13
[Total hours of instruction per year] 65
University of Pennsylvania, Wharton, School of Finance and Economy, Philadelphia, Penn. 1.     Grad. Course in Finance

2.     Grad. Course in Theoretical Polit. Econ.

3.     Grad. Course in Statistics

4.     Elem. Course in Finance

5.     Elem. Course in Theoret. Polit. Econ.

6.     Elem. Course in Statistics

7.     Elem. Course in Practical Polit. Econ.

8.     Course in Money

9.     Course in Banking

10.   Advanced Course in Political Economy

11.   Economic History of Europe

12.   Grad. Course in Practical Polit. Econ.

13.   Econ. and Fin. History of U.S.

14.   Grad. Econ. History of the U.S.

15.   Grad. English Econ. History from 13th to 17th century

16.   Modern Econ. History.

 

 

1

2

3

3

2

2

2

2

1

2

3

2

2

4

 

3

3

30

30

30

30

30

15

15

15

30

30

30

30

30

30

 

30

30

[Total hours of instruction per year] 1020
Purdue University, Lafayette, Ind. Elementary Course 3 19
[Total hours of instruction per year] 57
Randolph Macon College, Ashland, Va. Elementary 2 32 2 32
[Total hours of instruction per year] 64 64
University of Rochester, Rochester, N.Y.

Elementary

Econ. Polit. History U.S.

5

14

5

1

14

20

[Total hours of instruction per year] 70 90
Rutger’s College. Polit. Econ. (Elementary) 3 12 4 22
[Total hours of instruction per year] 36 88
Smith College, Northampton, Mass.

Elementary Course

Adv. Course in Theory

Seminarium

Practical Studies

3

12

3

3

2

2

14

14

10

12

[Total hours of instruction per year] 36 128
South Carolina College, Columbia, S.C.

Polit. Econ. Senior Class

Applied Polit. Econ.

2

2

40

20

[Total hours of instruction per year] 120
Swarthmore College, Swarthmore, Penn.

Polit. Econ. (Walker)

Finance

Protection and Free Trade

Money and Banking

History of Econ. Theories

4

4

4

4

4

20

10

10

10

10

[Total hours of instruction per year] 240
Syracuse University, Syracuse, N.Y.

Elementary

Finance

Industrial Development since 1850

Seminary

3

2

2

2

14

10

12

38

[Total hours of instruction per year] 162
University of Tennessee, Knoxville, Tenn.

Elementary

Advanced (Post-Graduate)

3

2

20

Varies

[Total hours of instruction per year] 100?
University of Texas, Austin, Texas. General 3 36
[Total hours of instruction per year] 108
Trinity College, Hartford, Connecticut.

Elementary

Advanced

Finance

4

13

3

4

2

17

17

17

[Total hours of instruction per year] 52 153
Vanderbilt University, Nashville, Tennessee.

Political Economy, Elementary

Political Economy, Advanced

3

36

3

3

36

36

[Total hours of instruction per year] 108 216
Vassar College, Poughkeepsie, New York.

Principles of Economics

Economic History

Railroads, Trusts, and Relation of State to Monopolies

Labor Problem and Socialism

Seminary

 

 

3

3

2

 

2

2

18

18

18

 

18

18

[Total hours of instruction per year] 216
University of Vermont, Burlington, Vermont.

Elementary

Advanced

3

2

20

20

[Total hours of instruction per year] 100
University of Virginia, Charlottesville, Va.

Theory of Economics

Science of Society

3

26

3

16

16

[Total hours of instruction per year] 78 88
Washington and Jefferson College, Washington, Pa. Political Economy 3 11 3 16
[Total hours of instruction per year] 33 48
Washington and Lee University, Lexington, Va.

Elementary

Advanced

3

3

14

26

[Total hours of instruction per year] 120
Washington University, St. Louis. Prescribed Course 3 20 3 20
[Total hours of instruction per year] 60 60
Wellesley College, Wellesley, Mass.

Industrial History

Economic Theory

Statistics (Seminary)

Socialism (Seminary)

3

3

3

3

18

18

18

18

[Total hours of instruction per year] 216
Wesleyan University, Middletown, Connecticut.

General Introductory (Sen.)

General Introductory (Jun.)

Economic Problems

36

2

3

2

36

18

36

[Total hours of instruction per year] 54 198
West Virginia University, Morgantown, West Virginia.

Elementary Pol. Economy

Advanced Pol. Economy

2

2

14

36

[Total hours of instruction per year] 100
Williams College, Williamstown, Mass. Political Economy 6 14 3 15
[Total hours of instruction per year] 84 45
University of Wisconsin, Madison, Wis.

Econ. Seminary

Distribution of Wealth

History of Pol. Econ.

Money

Public Finance

Statistics

Recent Econ. Theories

Synoptical Lectures

Outlines of Economics

2

5

5

5

3

3

3

1

4

37

14½

12

10½

37

12

14½

15

37

[Total hours of instruction per year] 612½
Yale University, New Haven, Conn.

Pol. Econ.**—Elem. (2)

Pol. Econ.—Adv. (3)

Economic History (2)

Finance, Public (2)

Finance, Corporate (2)

Mathematical Theory (1)

Seminary Instruction (2)

3

2

 

36

36

36

4

3

4

2

3

1

1

36

36

36

36

36

36

36

[Total hours of instruction per year] 180 648

* [College of the City of New York] A few hours additional are given in the work of the Department of Philosophy; the whole number amounting to some 52 or 53.

** [Yale University] Figures in brackets represent numbers of courses under each head.

SourceAppendix I to “The Study of Political Economy in the United States” by J. Laurence Laughlin, The Journal of Political Economy, vol. 1, no. 1 (December, 1892), pp. 143-151.

Image Source:  J. Laurence Laughlin drawn in the University of Chicago yearbook Cap and Gown (1907), p. 208.

 

 

Categories
Bibliography Teaching Undergraduate Wisconsin

AEA Publications. Bibliography from article “Economics as a School Study”. Clow, 1899

 

This post provides (i) information on the life and career of Harvard’s tenth Ph.D. in economics, Frederick Redman Clow and (ii) the useful bibliography to his AEA publication, “Economics as a School Subject”. 

______________________

Frederick Redman Clow
(From his Oshkosh obituary)

Born Nov. 29, 1864 in Lysle, Minnesota.

High school in Austin, Minnesota.

Classical A.B. from Carleton college in 1889

1889-1890. Editor of the Weekly Independent at Northfield, Minnesota.

A.B. from Harvard university in 1891.

1892-93. Editor of Clow’s Political Circular and the Literary Northwest.

A.M. from Harvard in 1892.

Ph.D. from Harvard in 1899.

Instructor of economics at Harvard 1893-1895.

Oshkosh Normal 1895 through 1930.

Married Minnie Baldwin at Northfield Minnesota in 1895.

Daughters: Lucia Baldwin Clow (b. 1896) and Bertha Cochrane Clow (b. 1902). Son Nathan Clow (b. ca. 1904)

Summer 1904. Taught economics at the University of Chicago.

Summer 1912. Taught sociology at the university of Michigan.

1927 Quiver (Oshkosh Normal Yearbook) dedicated to Frederick Clow.

Died July 6, 1930. Following nine months’ illness.

Memberships.

National Society for the Study of Educational Sociology
American Economics Association
Philosophical Club
Pi Gamma Mu (National social science honor society)
Phi Beta Kappa (national honorary scholastic fraternity)
Phi Beta Sigma (educational fraternity)

Books:

Introduction to the Study of Commerce (Silver, Burdett and company, 1901).

A Syllabus for an Elementary Course in Economics3rd ed. (Castle-Pierce Printing Company, 1908).

Principles of Educational Sociology (Macmillan, 1920)

Book manuscripts completed before death (unpublished?) according to his obituary:

The School and Its Institutional Background

Personology: The Great Synthesis.

 

SourceThe Daily Northwestern (Oshkosh, Wisconsin) July 7, 1930 pp. 1,4.

______________________

From Annual President’s Report of Harvard College

1890-1891

Appointed Proctor, June 23, 1891.

Source: Harvard University. Report of the President of Harvard College, 1890-1891. Page 206

 

1892-1893.

Appointed Instructor in Political Economy, June 27, 1893.

Appointed Proctor, June 27, 1893.

Source: Harvard University. Report of the President of Harvard College, 1892-1893. Pages 228-9.

 

1893-1894.

Listed among teachers for Economics 1. Professors Taussig and Ashley, Asst. Professor Cummings and Mr. Clow.

Appointed Instructor in Political Economy, May 28, 1894.

Source: Harvard University. Report of the President of Harvard College, 1893-1894. Page 61; Ibid., 1893-1894. Page 232.

 

1894-95.

Listed among teachers for Economics 1. Professor Ashley, Asst. Professor Cummings, Dr. Cummings, and Mr. Clow.

Source: Harvard University. Report of the President of Harvard College, 1894-1895. Page 62.

 

1898-1899.

Awarded Ph.D., Political Science.  (Political Economy) in 1899

Frederick Redman Clow.

Public Finance.—A.B. (Carleton Coll., Minn.) 1889, A.B. 1891, A.M. (Carleton Coll., Minn.) 1892, A.M. 1892.—Res.Gr. Stud., 1891-92 and 1893-95.

Teacher of history and Economics, State Normal School, Oshkosh, Wis.

Source: Harvard University. Report of the President of Harvard College, 1898-1899. Page 144.

______________________

Bibliography from Clow’s “Economics as a School Study” (1899)

PREFACE.

The following sources have contributed most of the information given in this paper or used in its preparation:

  1. The books and articles named in the bibliography, especially the Report of the Committee of Ten, and the writings of Professors J. Laurence Laughlin, Richard T. Ely, Edmund J. James, and Simon N. Patten. Much use has been made of an article by Dr. Frank H. Dixon, now of Dartmouth College.
  2. My own experience as a teacher of economics — for two years as instructor in charge of two sections of the beginning class in economics in a university, and for three years in a normal school.
  3. Data in manuscript. In the spring of 1897 I sent out a circular letter of inquiry to over two hundred educational institutions, and to a few university professors. The institutions included medium-sized colleges, public normal schools, and high schools in the larger cities, all so selected as to represent the various sections of the country. To the scores of people who so kindly responded to my inquiries, I am deeply indebted. Dr. Dixon generously allowed me to use a similar mass of material collected by him from schools which prepare students for the University of Michigan, and granted permission to use the data to controvert his own conclusions.

I have tried to include in the bibliography all books and articles relating to economics as a school study, or to methods of teaching economics, and also all text-books now offered by publishers. With a few exceptions, the bibliography is restricted to works published in the United States.

My chief aim has been to promote the further investigation of the place of economics in the school curriculum and of the methods to be employed in teaching it. Therefore much space has been given to the statement of the views of others, even when they conflict with each other and with my own. As far as possible these views are presented in the original words, although the result has been to introduce an excessive number of quotations.

F. R. CLOW.

State Normal School, Oshkosh, Wis.,
May, 1898.

[…]

APPENDIX B.
BIBLIOGRAPHY.

(The date after a title is the author’s date. All books are 12mo. unless otherwise indicated. Prices marked with an asterisk (*) are net; from others discounts will be given to schools or for introduction.)

BOOKS AND ARTICLES ON TEACHING ECONOMICS.

American Economic Association. Economic Studies, Vol. III, No. I, supplement, 50¢. Discussions: The relation of the teaching of economic history to the teaching of political economy, pp. 88-101; methods of teaching economics, pp. 105-111.

Ashley, W. J., of Harvard. On the Study of Economic History, in Quarterly Journal of Economics, VII: 115-136. States the position of the Historical School of Economists.

Barnard’s American Journal of Education, X: 105-115, from the British Almanac for 1860. Describes the work in economics in the school founded by William Ellis at Birbeck, England.

Bullock, C. J. Political Economy in the Secondary School, in Education, XI: 539-47. Excellent discussion of methods.

Clow, F. R. Elementary Economics in Schools and Colleges, in Quarterly Journal of Economics, XII: 73-75. Statistics of schools, teachers, and text-books.

Committee of Ten. Report of the Committee on Secondary School Studies, including the report of the Conference on History, Civil Government and Political Economy, pp. 29, 181-3. Government printing office, Washington, for the United States Bureau of Education. Also by the American Book Co., 25¢. See Appendix A.

Commons, J. R. Political Economy and Sociology in the High School, in The Inland Educator, December, 1895. Favors observational study.

Cossa, Luigi. Introduction to the Study of Political Economy. Macmillan. 1893. pp. 587. $2.60. Treats well the value of economic knowledge and the relation of economics to other studies.

Dixon, F. H., of Dartmouth College. The Teaching of Economics in the Secondary Schools, in the third Year-Book of the National Herbartian Society, pp. 128-137; also in the School Review for January, 1898. Favors substituting economic history for economics in the secondary schools.

Ely, Richard T., of University of Wisconsin. On Methods of Teaching Political Economy, pp. 61-72, in Methods of Teaching and Studying History, edited by G. Stanley Hall. 2d ed., 1885. Heath: Boston. Contains useful practical hints.

________ Political Economy in the High School, in School Education, March, 1895. Treats educational value and methods.

Fulcomer, Daniel. Instruction in Sociology in Institutions of Learning, in report of Commissioner of Education, 1894-5, Vol. II, pp. 1211-1221. A collection of opinions and statistics.

James, Edmund J., of Chicago University. The Education of Business Men: a View of the Organization and Courses of Study in the Commercial High Schools of Europe. The University of Chicago Press, 1898. 8vo. pp. xxi, 232. 50¢. Also in Report of Commissioner of Education, 1895-6, Vol. I, pp. 721-831. A detailed account.

________ Place of the Political and Social Sciences in Modern Education, in Annals, Vol. X, No. 3; also Publications, No. 216. American Academy of Political and Social Science, Philadelphia. 1897. pp. 30. 25¢. A strong article; urges greater prominence for the social sciences, including economics, in all grades of our educational system.

Jostad, B. M. How and What May We Teach of Political Economy in Grades below the High School? Wisconsin Journal of Education, XXIX, 12-14. Suggests several topics.

Keynes, J. N., of Cambridge, England. The Scope and Method of Political Economy. Macmillan. 1890. pp. xiv, 359. $2.25. Though not treating directly of methods of teaching, it gives the best discussion of the nature of economic science that exists in English.

Dunbar, C. F., of Harvard. The Academic Study of Political Economy, in Quarterly Journal of Economics, V: 397-416. Its place in colleges and universities.

Laughlin, J. L., of Chicago University. Teaching of Economics, in Atlantic Monthly, LXXVII: 682-688. Urges teaching of economics in secondary schools. Trenchant criticism of methods.

________ The Study of Political Economy. American Book Co. 1885. 16mo. pp. 153. $1.00. Designed for students and teachers. The best book of the kind. Contains brief bibliography, including French and German works.

Macvane, S. M., of Harvard. The Economists and the Public, in Quarterly Journal of Economics, IX: 132-150. Favors making the study concrete and working from actual facts.

Newcomb, Simon. The Problem of Economic Education, in Quarterly Journal of Economics, VII: 375-399. Discusses the low popular estimate of economic science and shows the value of studying economic theory.

Patten, Simon N., of University of Pennsylvania. Economics in Elementary Schools, in Publications, No. 136. American Academy of Political and Social Science, Philadelphia. 1894. 8vo. pp. 29. 25¢. A philosophical discussion of the ethical value of economic study. Substantially the same ideas are given in a paper by Professor Patten in Addresses and Proceedings of the National Educational Association for 1892, pp. 415-421.

________ The Educational Value of Political Economy, in Publications of the American Economic Association. 8vo. pp. 36. 75¢. Confined to mental discipline; profound and original.

Sherwood, Sidney, of Johns Hopkins University. The Philosophical Basis of Economics, in Annals, Vol. X, No. 2; also Publications, No. 209. American Academy of Political and Social Science, Philadelphia. 1897. 8vo. pp. 35. 35¢. Claims for economics the position of master-science in the group which includes ethics, aesthetics, politics, and sociology.

Taussig, F. W., of Harvard University. The Problem of Secondary Education as regards Training for Citizenship, in Educational Review, XVII: 431-439. Favors teaching economics and explains the poor results so far obtained.

Taylor, W. G. L., of the University of Nebraska. Write Your Own Political Economy, in The Northwestern Monthly, Lincoln, Neb. September, 1898. Each student is to develop economic theory in a series of essays.

Thurston, H. W. The Teaching of Economics in Secondary Schools, in School Review, IV: 604-616. Favors the laboratory method.

Thwing, C. F., President of Western Reserve University. The Teaching of Political Economy in Secondary Schools, in Addresses and Proceedings of the National Educational Association, 1895, pp. 370-374. Shows how the subject can be made intelligible to the young.

 

TEXT-BOOKS.

Andrews, E. B. Institutes of Economics. 1889. Silver, Burdett & Co., Boston, pp. xii, 227. $1.30. New arrangement. Contains references to works in foreign languages. Excessively condensed.

Bowen, F. American Political Economy. 1870. Scribner. 8vo. pp. ix, 495. Formerly a popular text-book for colleges. Protectionist.

Bullock, C. J., of Cornell University. Introduction to the Study of Economics. Silver, Burdett & Co. 1897. pp.511. $1.28. Contains much descriptive matter, bibliography, and references. An excellent all-around text-book.

Cannan, E. Elementary Political Economy. Macmillan. 16mo. 25¢.

Champlin, J. T. Lessons in Political Economy. 1868. American Book Co. pp. 219. 90¢. Gives much attention to the financial question of thirty years ago.

Davenport, H. J. Outlines of Elementary Economics. Macmillan. 1897. pp. xiv, 280. 80¢. Contains excellent pedagogical helps. No descriptive matter is given, and the work is strictly theoretical. New arrangement. The same author has written Outlines of Economic Theory. 1896. $2.00.*

Devine, E. T. Economics. Macmillan. 1898. pp.404. $1.00. Designed as an introduction to the study of social problems.

Ely, R. T., of the University of Wisconsin. Outlines of Economics. 1893. Flood & Vincent, Meadville, Pa., Chautauqua edition, pp. xi, 347, $1.00. Hunt & Eaton, now Eaton & Main, Boston, college edition, 1893, pp. xii, 432, $1.25. Extensively used. Contains questions and references to other authorities. The college edition contains a list of topics for special work and a bibliography.

Fawcett, Mrs. Political Economy for Beginners. Macmillan. 2nd edition, 1872. 18mo. pp. xii, 216. 90¢. An English work for secondary schools. With questions and problems.

Gregory, J. M. New Political Economy. 1882. American Book Co. pp. 394. $1.20. By an experienced teacher. Numerous suggestive diagrams and tables.

Jevons, W. S. Political Economy (Primer). American Book Co. 35¢.

Laughlin, J L. The Elements of Political Economy. 1887. American Book Co. pp. xxiv, 363. $1.20. Contains pedagogical questions at end of each chapter, charts and other descriptive matter, and the same bibliography as the Study of Political Economy. Part II treats of practical questions of the day.

Laveleye, Emil de. The Elements of Political Economy. 1888. Putnams. pp. xxxvii, 288. $1.50. By the eminent French economist. With introduction and supplementary chapter by Professor Taussig.

Macvane, S. M., of Harvard University. The Working Principles of Political Economy. Maynard, Merrill & Co. 1889. pp. x, 392 $1.00. Intended for high schools, “with a constant eye on actual affairs.”

Mason and Lalor. The Primer of Political Economy. 1875. McClurg, Chicago, pp. 67. 60¢. Definitions and propositions to be memorized.

Newcomb, Simon. Principles of Political Economy. Harper. 1885. pp. xvi, 548. $2.50. Purely theoretical; contains pedagogical questions. Some portions are unsurpassed for clearness.

Perry, A. L., of Williams College. Principles of Political Economy. Scribner. 1898. pp. 600. $2.00. New arrangement. Nearly thirty years ago the same author wrote Elements of Political Economy and Introduction to Political Economy, which are still in use as text-books.

Seligman, E. R. A., of Columbia. Elements of Political Economy; with Special Reference to American Conditions. In preparation. Longmans, Green & Co.

Steele, G. M. Rudimentary Economics. 1891. Leach, Shewell & Sanborn, now Sibley & Ducker. pp. xvi, 213. 80¢. Based on Carey. Suitable for high schools. Simple enough to use as a reader.

Symes, J. E., of England. Political Economy. Longmans, Green, & Co. pp. 204. 90¢.* With problems for solution and hints for supplementary reading.

Thompson, R. E. Political Economy. 1895. Ginn. pp. 108. 55¢. Intended for secondary schools. Protectionist.

Thurston, H. W. A Beginner’s Book in Economics and Industrial History. In preparation. Scott, Foresman & Co. Part I, a laboratory study of existing economic structure. Part II, economic history of England and the United States. Part III, theory. Based on the author’s experience in a high school. Discusses methods of teaching and contains much pedagogical matter; also bibliography.

Walker, F. A. Political Economy. Holt. Briefer course, 1884, pp. 415, $1.20.* Advanced course, 3rd ed., 1887, pp. 537, $2.00.* First Lessons in Political Economy. pp. x, 323. $1.00. Contain the author’s peculiar view of distribution. Were the most popular text-books in existence for a decade.

 

Source: Frederick Redman Clow, A.M. Economics as a School Study. Economic Studies, Vol. IV, No. 3 (June, 1899), pp. 242-246

Image Source: Faculty portrait of Frederick R. Clow in Quiver, Yearbook of Oshkosh Normal School 1906, p. 16.

 

Categories
Amherst Barnard Berkeley Brown Chicago Colorado Columbia Cornell Dartmouth Duke Harvard Illinois Indiana Iowa Johns Hopkins Kansas M.I.T. Michigan Michigan State Minnesota Missouri Nebraska North Carolina Northwestern NYU Ohio State Pennsylvania Princeton Radcliffe Rochester Stanford Swarthmore Texas Tufts UCLA Vassar Virginia Washington University Wellesley Williams Wisconsin Yale

U.S. Bureau of Education. Contributions to American Educational History, Herbert B. Adams (ed.), 1887-1903

 

I stumbled across this series while I was preparing the previous post on the political economy questions for the Harvard Examination for Women (1874). I figured it would be handy for me to keep a list of links to the monographs on the history of higher education in 35 of the United States at the end of the nineteenth century. Maybe this collection will help you too.

Contributions to American Educational History, edited by Herbert B. Adams

  1. The College of William and Mary. Herbert B. Adams (1887)
  2. Thomas Jefferson and the University of Virginia. Herbert B. Adams (1888)
  3. History of Education in North Carolina. Charles L. Smith (1888)
  4. History of Higher Education in South Carolina. C. Meriwether (1889)
  5. Education in Georgia. Charles Edgeworth Jones (1889)
  6. Education in Florida. George Gary Bush (1889)
  7. Higher Education in Wisconsin. William F. Allen and David E. Spencer (1889)
  8. History of Education in Alabama. Willis G. Clark (1890).
  9. History of Federal and State Aid to Higher Education. Frank W. Blackmar (1890)
  10. Higher Education in Indiana. James Albert Woodburn (1891).
  11. Higher Education in Michigan. Andrew C. McLaughlin. (1891)
  12. History of Higher Education in Ohio. George W. Knight and John R. Commons (1891)
  13. History of Higher Education in Massachusetts. George Gary Bush (1891)
  14. The History of Education in Connecticut. Bernard C. Steiner (1893)
  15. The History of Education in Delaware. Lyman P. Powell (1893)
  16. Higher Education in Tennessee. Lucius Salisbury Merriam (1893)
  17. Higher Education in Iowa. Leonard F. Parker (1893)
  18. History of Higher Education in Rhode Island. William Howe Tolman (1894)
  19. History of Education in Maryland. Bernard C. Steiner (1894).
  20. History of Education in Lousiana. Edwin Whitfield Fay (1898).
  21. Higher Education in Missouri. Marshall S. Snow (1898)
  22. History of Education in New Hampshire. George Gary Bush (1898)
  23. History of Education in New Jersey. David Murray (1899).
  24. History of Education in Mississippi. Edward Mayes (1899)
  25. History of Higher Education in Kentucky. Alvin Fayette Lewis (1899)
  26. History of Education in Arkansas. Josiah H. Shinn (1900)
  27. Higher Education in Kansas. Frank W. Blackmar (1900)
  28. The University of the State of New York. History of Higher Education in the State of New York. Sidney Sherwood (1900)
  29. History of Education in Vermont. George Gary Bush (1900)
  30. History of Education in West Virginia. A. R. Whitehill (1902)
  31. The History of Education in Minnesota. John N. Greer (1902)
  32. Education in Nebraska. Howard W. Caldwell (1902)
  33. A History of Higher Education in Pennsylvania. Charles H. Haskins and William I. Hull (1902)
  34. History of Higher Education in Colorado. James Edward Le Rossignol (1903)
  35. History of Higher Education in Texas. J. J. Lane (1903)
  36. History of Higher Education in Maine. Edward W. Hall (1903)

Image Source: Cropped from portrait of Herbert Baxter Adams ca. 1890s. Johns Hopkins University graphic and pictorial collection.