Princeton. Money and Banking Syllabus. F.W. Fetter, 1933-34
Today’s posting takes us to the money and banking course at Princeton taught by Frank W. Fetter in the first semester of the 1933-34 academic year. The course outline along with the reading assignments come from his papers at Duke’s Economists’ Papers Archive. I have tracked down the assignments and have provided links where I have found them. What I particularly like about this course syllabus is that the reading assignments appear to be feasible, i.e. real and not nominal.
List of Lectures, 1933-34
Economics 401 – Money and Banking
- Nature and Evolution of Money
- Functions and Qualities of Money
- Characteristics of an Ideal Monetary System
- Credit (in general) and Commercial Bank Credit as Money
- The Value of Money
- The Quantity Theory
- Other Theories
- Monetary History
- In the United States
- Price Movements and their Consequences
- Foreign Exchange
- Monetary Standards
- The Gold Standard
- The Silver Standard
- Paper Standards
- The Tabular Standard
- Financial Institutions
- Commercial Banking
- Social Effects
- Federal Reserve System
- Branch Banking
C. Monetary and Banking Policy in Relation to Business Stability
- The Banks, the Money Market, and the Stock Exchange
- Banking and the Business Cycle
D. Monetary and Banking Reform
- Monetary Reform
- Banking Reform
- General Conclusions
Assignments in Money and Banking
|1.||Robertson: Money. Chs. 1-3||Oct. 2|
|2.||White: Money and Banking. Pp. 79-139; 150-81||9|
|3.||Warren & Pearson: Prices. Chs. 1-3, 22.||16|
|4.||Bradford: Banking. Chs. 12, 13.
Griffin: Foreign Exchange. Pp. 61-72; 205-47. (Supplementary: To be read in case the subject is not clear from material in Bradford.)
The Business Section of a Newspaper.
|5.||Robertson. Ch. 4.
Gregory: The Gold Standard and Its Future. Pp. 1-83.
|6.||Graham: The Fall in the Value of Silver and Its Consequences.||Nov. 6|
|7.||Dunbar: The Theory and History of Banking. Pp. 9-58.
Robertson. Ch. 5
|8.||Bradford. Chs. 2-5.||20|
|9.||Bradford. Chs. 8-11.||27|
|10.||Burgess. Pp. 65-168.||Dec. 4|
|11.||Burgess. Pp. 169-296.||11|
|12.||Bradford. Chs. 16-20
Vanderlip: What About the Banks?
|13.||Warren & Pearson. Chs. 9-17, 19.||Jan. 8|
|14.||Robertson. Chs. 9-17, 19.
Anderson: Equilibrium Creates Purchasing Power.
Magee: New Deal Legislation.
|(The assignments for the last three meetings are subject to changes or additions.)|
Source: Duke University, David M. Rubenstein Library, Economists’ Papers Archive. Frank Whitson Fetter Papers, Box 55, Folder “Teaching, Ec 401-Money and Banking (Princeton University) 1933-1934”.
Course Bibliography and Links
D. H. Robertson. Money. New York: Harcourt, Brace and Company, 1922.
Horace White. Money and Banking—Illustrated by American History. (Fifth edition). Boston: Ginn and Company, 1914.
George F. Warren and Frank Ashmore Pearson. Prices. New York: John Wiley & Sons, 1933.
Frederick A. Bradford. Banking. New York: Longmans Green, 1932.
C. E. Griffin. Principles of Foreign Trade. New York: Macmillan, 1924. [pages from chapters V and XIII]
T. E. Gregory. The Gold Standard and Its Future (3nd ed.). New York: E. P. Dutton, 1935.
Frank D. Graham. The Fall in the Value of Silver and Its Consequences. Journal of Political Economy, Vol. 39, No. 4 (Aug. 1931), 425-470.
Charles F. Dunbar. The Theory and History of Banking. (3rd edition, enlarged by Oliver M. W. Sprague). New York: G. P. Putnam’s Sons, 1917.
W. Randolph Burgess. The Reserve Banks and the Money Market. New York: Harper & Bros., 1927.
Frank Arthur Vanderlip. What about the Banks? Saturday Evening Post (5 November 1932), 3-5, 64-66.
Benjamin M. Anderson, Jr.. Equilibrium Creates Purchasing Power. The Chase Economic Bulletin 11 (June 12, 1931), 3-16.
James D. Magee, W. E. Atkins and E. Stein. The National Recovery Program. New York: Crofts. 1933. (Magee writes about money, banking and finance. “Reprints of portions of recent legislation are included.”)
Image Source: (ca. 1937) John Simon Guggenheim Memorial Foundation.