In 1947-48 the advanced economic theory sequence of two semester courses featured the pairing of Gottfried Haberler and Joseph Schumpeter in the Winter and Spring terms, respectively. In this post you will find course enrollment data along with the course outline and assigned readings for the Spring term taught by Schumpeter. Alas I could not find the final examination questions for this course in the otherwise fairly complete collection of course examinations in the Harvard Archives.
Materials from the Winter Term course 1947-48 taught by Gottfried Haberler.
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Course Enrollment
[Economics] 103b. Professor Schumpeter.—Advanced Economic Theory (Sp).
Total 10: 8 Graduates, 1 Public Administration, 1 Radcliffe.
Source: Harvard University. Report of the President of Harvard College, 1947-48, p. 90.
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Advanced Economic Theory
Joseph Schumpeter
Economics 103b
Spring Term 1947-48
Plan of Course and Suggestions for Reading
The plan of the course is to start from and to build upon Professor Haberler’s lectures in the Fall Term (103a). We shall start from the statics of equilibrium and then discuss at some lengths the use and limitations of the method of Comparative Statics. After this, we shall survey various Dynamic Models. These models will be made the starting points of excursions into relevant fields of pure and applied theory.
Professor Haberler’s reading list remains in force. Wicksell’s Lectures I being particularly recommended. In addition, perusal of the following items will prove helpful. The more important ones are marked by an asterisk. The list is intended to cover also suggestions for the reading period.
J. Tinbergen*, Suggestions on Quantitative Business Cycle Theory, Econometrica, July 1935.
F. Modigliani*, Liquidity Preference, Interest, and Money, Econometrica, January 1944.
N. Kaldor*, Stability and Full Employment, Economic Journal, December 1938
F. Lavington, Approach to a Theory of Business Risks, Economic Journal, June 1925
L. Metzler, Factors Governing the Length of Inventory Cycles, Review of Economic Statistics, February 1947
M. V. Jones, Secular and Cyclical Saving Propensities, Journal of Business of the University of Chicago, January 1944
L. M. Lachmann, Uncertainty and Liquidity Preference, Economica, August 1937
M. Kalecki, A Theorem on Technical Progress, Review of Economic Studies, June 1941
P. A. Samuelson*, Foundations of Economic Analysis, 1947
Source: Harvard University Archives. Syllabi, course outlines and reading lists in economics, 1895-2003. Box 4. Folder “Economics, 1947-48 (2 of 2)”.
Image Source: Joseph Schumpeter in Harvard Class Album 1946.