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Economics Programs M.I.T.

M.I.T. Minutes of the Visiting Committee of Department of Economics and Social Science, 1958

 

From a cover letter, dated March 25, 1959, written by R. T. Haslam, Chairman of the Visiting Committee for the Department of Economics and Social and Science at M.I.T., it appears that the mimeographed document  transcribed below was described as “the full transcript of the Meeting” sent by the Department of Economics for the report to be submitted by the visiting committee to the M.I.T. Corporation. At that time the department of economics and social studies included sections for economics, industrial relations, psychology, and political science together with a center for international studies. 

_______________________

DEPARTMENT OF ECONOMICS AND SOCIAL SCIENCE
Meeting of the Visiting Committee
October 7, 1958

Present: Visiting Committee

Robert T. Haslam, Chairman
Consultant and Director, W. R. Grace and Company

James A. Lyles
Senior Vice President, Frist Boston Corporation
Robert L. Moore
Chairman of the Board, Sheraton Corporation of America

Robert V. Roosa
Vice President, Federal Reserve Bank of New York

Willard L. Thorp
Professor, Merrill Center for Economics, Amherst College

Max L. Waterman
Vice President and Director, Singer Manufacturing Company

Clarence Wynd
Eastman Kodak Company

 

M.I.T.

John E. Burchard
Dean, School of Humanities and Social Studies

Robert L. Bishop
Professor of Economics; Head, Department of Economics and Social Science

Ralph E. Freeman
Professor of Economics; former Head, Department of Economics and Social Science

E. Cary Brown
Professor of Economics; in Charge of the Undergraduate Program

Roger W. Brown
Associate Professor of Psychology

Davis H. Howes
Assistant Professor of Psychology

Norman J. Padelford
Professor of Political Science; Director, Political Science Section

Ithiel deS. Pool
Professor of Political Science

Charles A. Myers
Professor of Industrial Relations; Director, Industrial Relations Section

Max F. Millikan
Professor of Economics; Director, Center for International Studies

Charles P. Kindleberger
Professor of Economics; in Charge of the Graduate Program

 

As the membership of the Committee is entirely new to the Department of Economics, Professor Bishop opened the meeting by giving a brief resume of its present organization and activities.

Teaching and research cover four main fields: Economics, Industrial Relations, Political Science, and Psychology. In one or more of these four fields, the Department teaches at least five distinguishable types of students: (1) undergraduates who elect one or more of the Department’s four fields as a part of their Humanities and Social Science program; (2) undergraduates who major in Course XIV, in (a) Economics or Political Science and (b) Science or Engineering; (3) graduate students in Course XIV, who are mostly Ph.D. candidates in either Industrial Economics or Political Science; (4) regular graduate students in the School of Industrial Management; and (5) members of the two Executive Development programs administered by the School of Industrial Management, including both Sloan Fellows (who are here for twelve months) and Senior Executives (who are here for ten weeks in either the Fall or Spring).

(1) Until the 1940’s, all juniors at the Institute took two terms of Economic Principles; and this was the substance of the Department’s contribution to the Humanities and Social Science program. Subsequently, we have added the fields of Industrial Relations, Political Science, and Psychology. As a result, the Department now offers four of the ten fields from which all students select their Humanities and Social Science subjects in their junior and senior years. (The attached Tables I and II [only a Table II was present in the departmental records. It is transcribed below] show total enrollments during 1956-57 and 1957-58 in the Department’s four fields and in the individual subjects within those fields. Most of the undergraduate enrollment represents students in the general Humanities and Social Science program). In 1957-58, as Table II shows, total undergraduate enrollments were: Economics 1206, Labor Relations 242, Political Science 378, and Psychology 519.)

(2) For eleven years the Department has had its own undergraduate major in Economics (Course XIV). At first this was just Economics and Engineering; later the option of Economics and Science was added. More recently there has been added an option in Political Science, which is an alternative to Economics but is also joined with Science or Engineering. In the future, Psychology might become a similar option; but Psychology is not now a major subject for undergraduates.

(3) The program for a Ph.D. degree in Economics, now one of the largest in this country, was in operation for some years before the Department had an undergraduate major in Economics. This year for the first time we are offering a program for a Ph.D. in Political Science. Our S.M. program is relatively small, and it is limited to Economics and Engineering (or Science). Unlike the Ph.D. program, it is open only to students who have studied Science or Engineering at the undergraduate level, as in our own undergraduate Course XIV.

(4) The Department offers several special subjects for the regular graduate students in the School of Industrial Management, who are all S.M. candidates. In addition, these students sometimes enroll in the same classes with our own graduate students in Economics; and, indeed, this has increased the size of some of our graduate subjects substantially during the past year or two. Furthermore, a small but increasing number of Industrial Management graduate students are becoming interested in going on to a Ph.D. in a combination of Economics and Industrial Management. Our colleagues in the School of Industrial Management have also been considering the addition of a Ph.D. program of their own. If this should materialize, it is likely that our Department will continue to participate substantially on the Economics side of such a program.

(5) The other teaching activity carried on in cooperation with the School of Industrial Management is in their two executive development programs. The older of these is the Sloan Fellowship program, for which executives in the 32- to 36- year age bracket spend a full calendar year at M.I.T. The other, shorter executive development program in which the Department teaches is aimed at a higher executive level. Our department handles about one-quarter of both of these programs.

Dean Burchard stated what he considers to be the present problems of the Department of Economics.

(1) To have the undergraduate program in Course XIV better known to secondary schools so that students will come to M.I.T. specifically for these combinations of humanities and sciences.

(2) To organize our offering in Psychology. A number of years ago a committee recommended that a Department of Psychology be established in the School of Science; but the latter was not prepared to take on such a department. Although there are courses in Psychology given in other Schools at M.I.T., the largest amount of teaching in Psychology comes under the School of Humanities. Therefore the development and improvement of the Psychology Section within the Department of Economics and Social Science is our responsibility.

(3) The new Political Science Section is fairly well organized; yet it still faces the problem of integration with the work of the Center for International Studies, particularly on research projects.

 

Undergraduate Program

Professor E. Cary Brown, chairman of the Committee on the Undergraduate Program, reported on his committee’s consideration of possible revisions in the curriculum in Course XIV. Normally the M.I.T. student can spend 80 per cent of his time in Science and Engineering, with the remaining 20 per cent in Humanities or Social Science. In Course XIV, the student spends the equivalent of a year in Economics or Political Science, instead of taking the more advanced or specialized subjects in his field of Science or Engineering.

After reviewing the experience of the past ten years on the Economics side—looking over thesis topics, the electives chosen by our majors, and finally the jobs that our graduates have held—it seems clear that we are dealing mostly with students who become engineers first of all, with social science skills on the side. For these students, we shall continue to offer our option in General Economics. We have also recommended, however, the addition of two other options in Economics. One will be in Industrial Economics, including Industrial Relations. The other will be in Quantitative Economics and Methods.

The program in Industrial Economics will be aimed at the range of problems confronting business firms on an industry-wide basis. We shall aim to turn out students in this option who will be industry analysts in the broadest sense.

The Quantitative Economics option will be even more professional in orientation. Emphasis will be on technical training in analytical methods, with primary attention to statistics, econometrics, and programming and decision theory, including “operations research,” for which there is a rapidly growing demand.

At present, too many of our basic Economics subjects are not taken until the senior year; so we have recommended changes that will allow our majors to take these subjects earlier. We have also recommended several new subjects, including a research seminar as thesis preparation in the first term of the senior year.

There followed a discussion of a variety of departmental problems. One concerns the fact that, in the Economics wing, we have relatively many young full professors, in their early forties, with relatively few associate and assistant professors. The demands of our graduate program and our undergraduate major are such that relatively few senior members of the staff participate at any one time in the elementary subjects, 14.01 and 14.02. There also was discussion of the assistance that can be given by the older members of the Department to graduate students who are carrying out their first teaching assignment in the sections of elementary Economics. As Mr. Haslam pointed out, these are the first instructors that the student meets in the Department of Economics, and a favorable impact is very important.

 

The Psychology Section (reported by Professors Roger W. Brown and Davis Howes)

At present Psychology teaching is limited to the Humanities program; but within the next year or two we hope to set up a Psychology option in Course XIV. The decision that we have to make with the administrative authorities is whether to be content with a purely routine service in teaching elementary Psychology or whether to have a Psychology Section composed of persons with significant research activities who will develop a broader teaching program.

There are other psychologists at the Institute in both the School of Industrial Management and in the new Communications Center. These people are concerned with a limited set of rather specialized applications of Psychology. Collaboration with these other psychologists would be very fruitful if a graduate program of training Ph.D.’s in Psychology could be set up, and some of them occasionally teach Psychology subjects in the Humanities program; but, for the time being, the responsibility for manning and administering that program rests wholly on the Psychology Section in our Department.

There is a remarkable opportunity at M.I.T. for collaboration between psychologists and other scientists—in computers, to name one example, and also in such fields as electronics and the chemical effects of drugs on human behavior. These potential opportunities will always draw able young research-oriented psychologists to M.I.T.; but they will not stay beyond about three years unless there is more chance for growth and development of the psychology program than at present. Now there is no senior member of the Psychology group; the four psychologists of faculty rank consist of one associate professor and three assistant professors. It was agreed that a constructive step would be the appointment of a full professor of psychology.

 

The Political Science Section (reported by Professors Norman J. Padelford and Ithiel de S. Pool)

Political Science has gone through some of the problems that Psychology is now facing. Immediately after the war we started out as a purely service group, offering as part of the Humanities program undergraduate courses which have averaged from 350 to 400 students. Three years ago we came to feel, as the psychologists do now, that a mere service function would not satisfy us professionally. As the first step to broaden our base we set up an undergraduate course combining Political Science with Science and Engineering. After this course was launched and operating satisfactorily, there were discussions about a Ph.D. program in Political Science. The same arguments that were used for Economics and for Psychology came up—namely, that the ablest men cannot be recruited and retained unless they have good graduate students around them. We have had to go to Harvard and to Fletcher School for young teachers in our undergraduate courses.

A program for a Ph.D. in Political Science was launched this Fall. We have 13 mature and talented graduate students whose interests are focused on policy problems. We put these students to work on research projects. This is possible with a small group only slightly outnumbered by staff; for each student can work as assistant to a staff member.

As far as our group is concerned, we see no point in simply duplicating what is done at other institution. Our range of interests covers the following major topics:

(1) We are concerned with the growth and evolution of political communities from an elementary stage to maturity, whether in such places as Burma or at the international level, where we have been studying the process by which a group of nations in the so-called Atlantic community can become knitted together.

(2) We have a strong interest in the role of communications in the political process between men and between groups in the political process. This is an important topic, which has been inadequately stressed elsewhere.

(3) The touchstone of our approach is a study of the place of government and the role of public policy against the background of changes in science and technology.

One final word about our needs as we look ahead. We have set up six fields of study: (1) International Relations and Foreign Policy, (2) Political Communications, (3) Defense Policy, (4) Government and Science, (5) Political and Economic Development, and (6) Political Theory and Comparative Politics. In the areas of Defense Policy and Government and Science, we are not provided with faculty as we should be. We need to find individuals for each of these fields and also the wherewithal to support them at the faculty level. Our second need—and the most urgent at the moment—is for fellowships and scholarships. We are encouraging our graduate students to take loans for their education, paying them back afterwards rather than depending on scholarship money.

 

The Industrial Relations Section (reported by Professor Charles A. Myers)

The Industrial Relations Section is the oldest of the sections in the Department of Economics. Last November we had a 20th Anniversary Conference in which we reviewed what we have been trying to do. Originally we set up our teaching program solely at the undergraduate level; but we have expanded to include participation in the doctoral program of the Department. Today M.I.T. has more students working for doctor’s degrees in Economics with emphasis on Industrial Relations than has any other university in this country. Our activities include courses for management, both in the programs of the School of Industrial management and in the new Greater Boston program for executive development. As we have no staff of our own but share our teachers with the Department of Economics, we confine our activities to certain areas such as the Scanlon Plan—a union-management cooperation plan, which has annual conferences attracting about 200 participants from all over the country. In addition, we have held conferences on research administration; some trade unions have come here for conferences under our auspices; and we hold each year a one-day workshop in connection with the Boston Chamber of Commerce.

Professor Pigors has pioneered in a method of management training and development called the incident process, which is now used by 800 companies. We think it offers more challenge to students than the case method. The case method presents a problem with all the material supplied; the incident process gives the student only an incident, leaving him to seek out the pertinent facts by questioning the discussion leader. As a teaching device it has had wide impact outside of M.I.T.

Some of our recent research has been on comparative international studies. As we learned more about economic development, we saw its close connection with problems of industrial relations. We obtained a Ford Foundation grant; and my two trips to India and a book have come out of that. We plan to cover India, Mexico, Japan, Western Germany, Indonesia, Sweden, England, France, and Italy in our studies of management in industrial societies.

 

The Center for International Studies (reported by Professor Max F. Millikan)

Although the CIS has a Visiting Committee of its own, its work is so closely connected with that of the Department of Economics and Social Science that they share each other’s problems. There are two ways in which the Center’s activities are important to the Department of Economics. First, there is a considerable overlap of staff members who conduct research in the Center and teach in the Department; so the Center and the Department have a joint interest in recruiting an outstanding and stable staff. Second, The Center’s research program provides opportunities for graduate students in the Department to undertake thesis work in the international field.

Briefly, the Center was founded in 1951, growing out of a contract which M.I.T. undertook on behalf of the State Department to explore a defense against jamming the Voice of America. Growing out of this study appeared the need for a research organization on problems related to American foreign relationships, as there are many ways in which technology and science have become involved in foreign policy and international relations. The Center then removed itself from government affiliation and became a permanent member of the M.I.T. family.

Since 1952, with the support of the Ford, Rockefeller, and Carnegie Funds, it has carried on projects in four different fields: (1) relations between the United States and the Soviet bloc, especially in the area of Soviet scientific publications and the administrative handling of research and development in the Soviet Union; (2) economic and political development of the underdeveloped countries—especially the process of economic growth in Indonesia, India and Southern Italy; (3) international communications—especially the pattern of information-flow in foreign countries and its effect upon attitudes and decisions of significant political groups; (4) Professor Rostow, who was responsible for the studies on the Soviet Union and on China which we have published, has now turned his attention to the features in American society which influence our attitude toward foreign policy.

Our principal problem for the future is to provide some stability for our research staff. We have drawn key people to M.I.T. who have made a substantial contribution through their research; but many members of our staff are listed as visiting professors because M.I.T. cannot provide tenure positions for them. What we need is a continuing corps to devote half time to research in the Center and the other half to teaching.

The Center is in a position to offer to graduate students research opportunities second to none in this country. In the future we look toward using the Center’s resources at the undergraduate level. In these new areas it is normal for development to begin at the graduate level and work down.

 

The Graduate Economics Program (reported by Professor Charles P. Kindleberger)

In the first place, our graduate program aims primarily at a Ph.D. degree; we do not offer a Master’s degree except in a combination of Economics with Science or Engineering (mostly as a fifth year for our own Course XIV graduates). In the Ph.D. program we limit ourselves to a small group of high-quality candidates—about 20 to 25 new students each year.

Admission of Graduate Students. These 20 to 25 new students are chosen from a group of about 120 applicants, who have various reasons for wanting to study at M.I.T. Some are attracted by the men on our teaching staff and some by the prestige of M.I.T. in general. We should also face the fact, however, that competitive fellowship offers also play a prominent role in applicants’ decisions to come here or go elsewhere. On the other side of the picture, some would-be applicants are scared away if they are not highly skilled in mathematics, even though only a minority of our graduate students specialize in areas of economics where high-powered mathematical techniques are used.

Financing Graduate Students. There are various ways in which a graduate student can pay his way here: he may get a fellowship from an outside source to be used at any university of his choice—National Science Foundation, Ford Foundation, and Woodrow Wilson Fellowship support comes this way; also, we have some privately endowed “name” fellowships in our department—Goodyear, Westinghouse, and Hicks; and we have some departmental and Institute funds to offer; lastly, a student may pay his own way. Sometimes students who do not qualify for financial assistance at first, but who come on their own, turn out to be very good. We hire no teachers from the group of first-year graduate students, so this source of earning is not open until at least the second year of graduate study, and usually not until the third.

Ph.D. Curriculum. At the end of the second year, the graduate student takes his general examinations—four written and four oral. After this comes his thesis. We are very much interested in the process of writing a thesis, as we believe that it is here that the student acquires professional maturity. We do not go along with the movement to cut down on the time of the Ph.D. degree by reducing the thesis to the proportions of an article.

Post-Doctoral Students. More and more M.I.T. is attracting post-doctoral scholars from abroad—last year a Swede, a Norwegian, a Dutchman, and a Turk; this year two Germans, a Swede, an Italian, a Belgian and a Frenchman. These people add to the scholarly atmosphere; and we need mature students for training at a post-doctoral level. This, however, requires more money; and we have already applied to the Ford Foundation for funds for this purpose.

*  *  *  *  *  *

            In the general discussion of pressing problems Professor Bishop mentioned the following:

The Economics Library Budget. The state of our Dewey Library budget can be held over for discussion at the next meeting of this committee. If we have not been successful in our drive for funds, we shall need to ask the assistance of the committee.

Ours is very much of a library department, as we have no laboratory. Although our library budget is high compared with that of some engineering departments, it is low compared with that of other leading departments in Economics. For example, our library budget stands at $4,000 annually, compared with $6,000 for that of Johns Hopkins. Ours is possibly the best industrial relations library in the country; but it is a second-class economics library. I should like to see the budget figure raised by $2,000.

(Mr. Maslam offered to approach Mr. Bradley Dewy for a donation for this purpose.)

Age Distribution of Department Members. It happens that our department has an unusual age distribution in the field of Economics. There is a great gap between the full professors and the instructors. The former are all in their early forties; and there are few runners-up at the associate professor and assistant professor level. This is a problem of major importance.

*  *  *  *  *  *

            Professor Thorp suggested this kind of Committee report to the Corporation: that the Committee has met; that all its members are new; that they therefore need time to get acquainted with what is going on in the Department; that they find no problems requiring immediate action; and that they are looking forward to a meeting next year. There was also agreement in recommending that there be somewhat more continuity of membership on the Visiting Committee than in the past.

*  *  *  *  *  *

TABLE II
Comparative Numbers of Students Completing Individual Subjects in the Department of Economics and Social Science, 1956-57 and 1957-58
[Note: Course titles provided after Table II]

1956-57

1957-58
Subject Fall Spring Total Fall Spring Total

Net Change

Economics—Undergraduate

14.01

466 292 758 460 316 776 +18
14.02 58 117 175 94 143 237

+62

14.03

26 26 26 18 44 +18
14.04 14 14 8 8

-6

14.09

27 28 55 25 19 44 -11
14.20 23 23

-23

14.30

25 25 -25
14.32 20 20 17 17

-3

14.33

18 18 16 21 37 +19
14.40 20 20 20 20

14.43

11 11 13 13 +2
14.54 11 11 10 10

-1

Totals

1156 1206

+50

 

 

1956-57

1957-58
Subject Fall Spring Total Fall Spring Total

Net Change

Economics—Graduate

14.101

11 11 14 14 +3
14.102 5 5 8 8

+3

14.115

34 34 36 36 +2
14.116 34 34 36 36

+2

14.117

18 24 42 15 20 35 -7
14.121 32 32 31 31

-1

14.122

30 30 31 31 +1
14.132 6 6

-6

14.151

6 6 11 11 +5
14.161 15 15 15 15

14.162

12 12 16 16 +4
14.171 11 11 8 8

-3

14.172

6 6 9 9 +3
14.174 5 5 14 14

+9

14.192

5 5 1 1 -4
14.195 10 10 1 1

-9

14.196

11 11 5 5 -6
14.271 11 11 7 7

-4

14.272

7 7 7 7
14.281 13 13 15 15

+2

14.282

18 18 +18
14.292 7 7 10 10

+3

14.371

34 34 35 35 +1
14.372 15 15 16 16

+1

14.381

56 56 27 27 -29
14.382 1 1

+1

14.451

23 23 24 24 +1
14.461 8 8 8 8

14.471

15 15 12 12 -3
14.481 9 9 6 6

-3

14.581

20 20 23 23 +3
14.582 16 16 17 17

+3

Totals

509

497

-12

Totals—Economics

1665

1703

+38

 

*  *  *  *  *  *

1956-57 1957-58
Subject Fall Spring Total Fall Spring Total Net Change
Industrial Relations—Undergraduate
14.61 12 12 -12
14.63 86 75 161 80 75 155 -6
14.64 47 75 122 36 51 87 -35
Totals 295 242 -53

 

1956-57 1957-58
Subject Fall Spring Total Fall Spring Total Net Change
Industrial Relations—Graduate
14.671 6 6 7      7 +1
14.672 10 10 -10
14.673 18 18 +18
14.674 10 10 +10
14.681 17 17 18 18 +1
14.682 19 19 10 10 -9
14.694 16      16 +16
Totals 52 79 +27
Totals—Industrial Relations 347 321 -26

 

*  *  *  *  *  *

1956-57 1957-58
Subject Fall Spring Total Fall Spring Total Net Change
Political Science—Undergraduate
14.51 50 93 143 73 72 145 +2
14.52 29 25 54 31 25 56 +2
14.53 7 7 25 25 +18
14.90 17 13 30 14 11 25 -5
14.91 25 36 61 26 23 49 -12
14.92 18 18 42 42 +24
14.93 7 11 18 26 26 +8
14.95 22 22 -22
14.96 14 14 14
14.97 6 6 3 3 -3
14.98 3 3 +3
14.99 4 4 +4
Totals 373 378 +5

 

1956-57 1957-58
Subject Fall Spring Total Fall Spring Total Net Change
Political Science—Graduate
14.521 6 6 -6
14.523 4 4 +4
14.524 2 2 +2
14.531 15 15 3 3 -12
14.533 18 18 12 12 -6
14.571 34 34 36 36 +2
14.941 8 8 +8
14.953 10 10 7 7 -3
14.954 1 1 5 5 +4
14.956 5 5 8 8 +3
14.957 6 6 7 7 +1
14.958 6 6 +6
Totals 95 98 +3
Totals—Political Science 468 476 +8

 

*  *  *  *  *  *

1956-57 1957-58
Subject Fall Spring Total Fall Spring Total Net Change
Psychology—Undergraduate
14.70 112 175 287 83 126 209 -78
14.73 83 73 156 32 35 67 -89
14.77 47 47 27 16 43 -4
14.79 42 42 8 29 37 -5
14.81 14 14 9 9 -5
14.82 11 43 54 +54
14.84 35 35 +35
14.85 32 32 +32
14.86 18 32 50 +30
14.88 3 3 +3
Totals 546 519 -27

 

1956-57 1957-58
Subject Fall Spring Total Fall Spring Total Net Change
Psychology—Graduate
14.771 32 32 -32
14.772 6 6 +6
14.774 12 12 5 5 -7
14.791 5 5 8 8 +3
14.792 11 11 2 2 -9
Totals 60 21 -39
Totals—Psychology 606 540 -66

 

1956-57 1957-58
Subject Fall Spring Total Fall Spring Total Net Change
Grand Totals for the Department 3086 3040 -46

Source: M.I.T. Archives. MIT Department of Economics Records, Box 4, Folder “V.C. [19]47-64”.

________________________

Course numbers, names and instructors
1957-58*

ECONOMICS (UNDERGRADUATE)
14.01 Economic Principles I (Bishop)
14.02 Economic Principles II (E. C. Brown)
14.03 Prices and Production (A. Williams)
14.04 Industrial Organization and Public Policy
14.09 Economic Problems Seminar (Bishop)
14.20 Building Economics (Maclaurin)
14.30 Elementary Statistics (Ando)
14.32 Statistical Quality Control (H. A. Freeman)
14.33 Elementary Statistics (Ando)
14.40 Money and Income (R.E. Freeman)
14.43 Public Finance (E.C. Brown)
14.54 International Trade (Kindleberger)
ECONOMICS (GRADUATE)
14.101 Mathematics for Economists (H. A. Freeman)
14.102 Mathematics for Economists (H. A. Freeman)
14.115 Economics and Finance: Principles and Policies II (Kindleberger, R.E. Freeman)
14.116 Economics and Finance: Principles and Policies III (Kindleberger)
14.117 Economics and Industrial Management (Solow, E.C. Brown)
14.121 Economic Analysis (Bishop)
14.122 Economic Analysis (Samuelson)
14.132 Schools of Economic Thought (Bishop)
14.151 Mathematical Approach to Economics (Samuelson)
14.161 Economic History (W. W. Rostow)
14.162 Economic History (W. W. Rostow)
14.171 Theory of Economic Growth (Rosenstein-Rodan)
14.172 Research Seminar in Economic Development (Millikan)
14.174 Non-Economic Factors in Economic Growth (Hagen)
14.192 Economics Seminar
14.195 Reading Seminar in Economics
14.196 Reading Seminar in Economics
14.271 Problems n Industrial Economics (Bishop)
14.272 Government Regulation of Industry (N.N.)
14.281 Entrepreneurship, Innovation and Economic Development (Maclaurin)
14.282 Economics of Innovation Seminar (Maclaurin)
14.292 Industrial Economic Seminar
14.371 Statistical Theory (H. A. Freeman)
14.372 Statistical Theory (H. A. Freeman)
14.381 Statistical Method (Houthakker, Durand)
14.382 Economic Statistics (Houthakker)
14.451 National Income (Millikan)
14.461 Monetary and Banking Problems (Higgins)
14.471 Fiscal Policy? (E. C. Brown)
14.481 Business Cycles (Houthakker)
14.581 International Economics (Kindleberger)
14.582 International Economics (Kindleberger)
INDUSTRIAL RELATIONS (UNDERGRADUATE)
14.61 Industrial Relations (D. V. Brown)
14.63 Labor Relations (Siegel)
14.64 Labor Economics and Public Policy (A. R. Weber)
INDUSTRIAL RELATIONS (GRADUATE)
14.671 Problems in Labor Economics (Miernyk)
14.672 Public Policy on Labor Relations (Myers)
14.673 Labor-Management Relations and Public Policy (D. V. Brown, Myers)
14.674 The Labor Movement: Theories and Histories (Siegel)
14.681 Seminar in Personnel Administration (Pigors)
14.682 Seminar in Personnel Administration (Pigors)
14.694 Seminar in Union-Management Cooperation (N.N.)
POLITICAL SCIENCE (UNDERGRADUATE)
14.51 International Relations (Padelford)
14.52 Principles and Problems of American Diplomacy (Pye)
14.53 Seminar in International Politics (Schilling)
14.90 Government, Politics and Technology (R. C. Wood)
14.91 The American Political System (Tillman)
14.92 Comparative Political and Economic Systems (L. W. Martin)
14.93 Seminar: Issues in Contemporary American Politics
14.95 Politics, Society, and Policy Making (Pool)
14.96 Influences on Policy Decisions (N.N.)
14.97 Political Science Seminar (Padelford)
14.98 Political Science Seminar (Padelford)
14.99 International Political Communication (Davison)
POLITICAL SCIENCE (GRADUATE)
14.521 Strategic and Political Geography (N.N.)
14.523 National Security and Military Technology (McCormack, Schilling)
14.524 Politics and National Defense Policy (Schilling)
14.531 Asian Politics and United States Foreign Policy (Pye)
14.533 Social Science and U. S. Foreign Policy (Millikan)
14.571 Major Problems in Untied States Foreign Policy (Padelford)
14.941 Government and Public Administration (R. C. Wood)
14.953 Mass Media and Communication Systems (Lerner)
14.954 Methods of Communication Research (Lerner)
14.956 Public Opinion and Propaganda (Davison)
14.957 Research Seminar in International Communications (Davison)
14.958 Research Seminar in International Communications (Davison)
PSYCHOLOGY (UNDERGRADUATE)
14.70 Introductory Psychology (Swets)
14.73 Organization and Communication in Groups (Swets, Gleicher)
14.77 Psychology of Language and Communication (N.N.)
14.79 Learning (Howes)
14.81 Psychology of Perception (Swets in 1958-59)
14.82 Psychology of Motivation (N.N. in 1958-59)
14.84 Theories of Personality (R. W. Brown in 1958-59)
14.85 Social Psychology (R. W. Brown in 1958-59)
14.86 Behavior in Groups (M. E. Shaw in 1958-59)
14.88 Advanced Psychology Seminar (Staff in 1958-59)
PSYCHOLOGY (GRADUATE)
14.771 Interpersonal Relations Seminar (N.N.)
14.772 Industrial Sociology Seminar (N.N.)
14.774 Social Psychology Seminar (R. W. Brown)
14.791 Reading Seminar in Social Science
14.792 Reading Seminar in Social Science

 

SourceThe Massachusetts Institute of Technology Bulletin, General Catalogue Issue 1957-58. Chapter 10, Descriptions of Subjects, 14. Economics and Social Science, pp. 233-238.

*For 14.81/14.82/14.84/14.85/14.86/14.88 information from the General Catalogue Issue 1958-59 pp. 237-8.

Image Source:  From Technique (1949), M.I.T. Yearbook cover.

Categories
Duke Harvard M.I.T. Nebraska Virginia War and Defense Economics

United States. College and University Courses on War Economics, 1942

 

This post is limited to the economics courses reported in a survey conducted in the days and months after the attack on Pearl Harbor that provides an extensive list of “War Courses” offered at U.S. colleges and universities at the time. The post begins with a short description of the survey itself. Next, two tables provide the names of institutions, courses (with descriptions), and instructors together with enrollment statistics. The post ends with a short bibliography of books listed for some of the courses on war economics.

Most of the courses in the survey (and not included here) concern administrative matters such as the procedures governing military procurement. There is at least one course on the economics of war that had been organized at Harvard by Seymour Harris not included in this survey (68 schools did not respond).

_________________________

Not included in the survey

Harvard University. Economic Aspects of War, organized by Seymour Harris, 1940

Final Exam for Economic Aspects of War, 1940

_________________________

How the Study was was Made
[pp. 11-13]

In April, 1942, a study was issued entitled A Report on War Courses offered by Collegiate Schools of Business and Departments of Economics. In this study were presented the combined information sent in by 58 schools and departments listing 196 separate courses. The Department of Commerce in cooperation with the National Conference of State University Schools of Business had distributed these questionnaires to approximately 175 schools on December 11, 1941. The questionnaires called for information on war courses offered after September, 1939.

In May another questionnaire was sent out to approximately the same number of schools of business administration and departments of economics. This questionnaire asked the school to list those war courses which were not reported for inclusion in the April report. Replies were received from 120 schools, 89 of which reported that they were offering war courses not previously reported, and 31 of which reported that they were offering no war courses. Sixty-eight schools did not reply.

Since the questionnaire asked the schools to “include established courses such as Business Policy and Cost Accounting provided they have been reoriented to meet war needs”, the element of judgment enters in to qualify the results. Some schools reported that they had organized no new courses but had reorganized old ones to meet war needs. They felt, however, that the alteration was not great enough to warrant reporting them as war courses. Other schools reported courses which contained in their description very little of a war nature. Courses which it was felt were not primarily war courses were not included in the report. In addition, courses were excluded which it was felt did not fall clearly into the field of business administration and economics.

Any further information which is desired on any of the courses reported here can be secured by writing to the instructor of the particular course. His name appears along with the description of the course.

_________________________

War Courses Offered in Collegiate Schools of Business and Departments of Economics

Economics of War

SCHOOL

COURSE TITLE WEEKS
OF COURSE
HOURS
PER
WEEK
CREDIT
HOURS
ON
CAMPUS
SEC-TIONS STU-
DENTS

PREREQ-UISITES*

U. of Akron, Akron, Ohio.

Economics of War

16

2 2 No 1 15

2C

Albright Col., Reading, Pa. Economic Problems

16

3 3 Yes 1 18

2C

U. of Ariz., School of Bus. & Pub. Admin. Tucson, Ariz.

Economics of War 18 3 3 Yes 1 17 2C
U. of Ariz., School of Bus. & Pub. Admin. Tucson, Ariz. Geography of War Areas 18 3 3 Yes

Babson Inst., School of Bus. Admin., Wellesley, Mass.

War Economics 12 3 0 Yes 2 40 C
Brooklyn Col., Brooklyn, N.Y. Econ. of Defense & War 16 3 3 Yes 2 34

2C

Brown U., Dept. of Econ., Providence, R.I.

Economics of War 30 3 6 Yes 1 45 2C
Bucknell U., Dept. of Commerce & Finance, Lewisburg, Pa. Econ. of Modern War 6 6 ½ 3 Yes 1 20

2C

Carleton Col., Dept. of Econ., Northfield, Minn.

Economics of War 18 3 3 Yes 1 2C
City College of N.Y., Commerce Center, New York, N.Y. Price Control Reguls. 6 6 3 Yes 1 39

U. of Cincinnati, Col. of Engin. & Commerce, Cincinnati, Ohio.

Economics of War 14 3 3 Yes 2 60
U. of Cincinnati, Col. of Engin. & Commerce, Cincinnati, Ohio. Probs. of War and Reconstruction 14 3 3 Yes 2 60

Claremont Col., Claremont, Cal.

America at War: Econ. Org. 6 10 5 Yes 4
Claremont Col., Claremont, Cal. War and Economics 15 3 5 Yes

4

Clark U., Worcester, Mass.

Economics of War 6 5 2 Yes 1 2C
Clemson Col., Clemson, S.C. Economics of War 16 3 3 Yes 1 32

2C

Dartmouth Col., Tech. School of Bus. Admin. Hanover, N.H.

Econ. Prob. of War 13 3 3 Yes 3 100 3C
U. of Detroit, Col. Of Commerce & Fin., Detroit, Mich. Economics of War 17 3 3 Yes 1 49

2

U. of Detroit, Col. Of Commerce & Fin., Detroit, Mich.

War Finance 6 7 3 Yes 1 2
Duke U., Durham, N.C. Economics of War 18 3 3 Yes 2 55

3

Fenn Col., School of Bus. Admin., Cleveland, Ohio.

Economics of Price Control 10 2 2 Yes 1 2C
U. of Fla., Col. of Bus. Admin. Gainesville, Fla. Economics of Total War 3 3 3

Franklin & Marshall Col., Lancaster, Pa.

Econ. History of U.S. 15 3 3 Yes 5 125
Franklin & Marshall Col., Lancaster, Pa. War Economics 15 3 3 Yes 4 110

C

U. of Ga., Athens, Ga.

Advanced Econ. Theory 8 5 5 Yes 1 8 3C
U. of Ga., Athens, Ga. Economics of War 8 5 5 Yes 2 66

2C

U. of Ga., Col. of Bus. Admin., Athens, Ga.

Econ. of Consumption 12 5 5 Yes 2 40 3C
Hamline U., St. Paul, Minn. Prins. of Economics 8 3 3 Yes 2 62

1

Harvard Grad. School of Bus. Admin., Boston, Mass.

Banking Probs. and Federal Fin. 16 3 3 Yes C
James Millikin U., Decatur, Ill. Econ. of War and Reconstruction 16 3 3 No 1 24

2C

Loyola U., Dept. of Econ., New Orleans, La.

Economics of War 16 3 3 Yes 1 25 2
Macalester Col., St. Paul, Minn. Econ Probs. of a War Economy 18 3 3 Yes

2C

U. of Md., Col. of Commerce, College Park, Md.

Econ. Institutions & War 16 3 3 Yes 2
Mass. Inst. of Technology, Dept. of Econ. & Soc. Sci., Cambridge, Mass. Economics of War 15 2 6 Yes 1 35

Mass. Inst. of Technology, Dept. of Econ. & Soc. Sci., Cambridge, Mass.

Postwar Econ. Probs. 15 2 6 Yes
Mass. Inst. of Technology, Dept. of Econ. & Soc. Sci., Cambridge, Mass. Postwar Problems 15 3 9 Yes

3C

U. of Minn., School of Bus. Admin., Minneapolis, Minn.

Finance 11 3 3 Yes 1 11 3C
U. of Minn., School of Bus. Admin., Minneapolis, Minn. Our Economic Life 11 3 3 Yes 1 125

U. of Minn., School of Bus. Admin., Minneapolis, Minn.

Public Finance 22 3 6 Yes 1 15 4C
Mont. State U., School of Bus. Admin., Missoula, Mont. War Economics 10 4 4 Yes 1

2C

N. Dak. Agri. Col., Dept. of Econ., Fargo, N.D.

War Economics 16 3 3 Yes 1 25 2C
U. of N. Dak., School of Com., Grand Forks, N.D. Economics of War 8 5 3 Yes 1 21

2C

Okla, A&M, Col., School of Com., Stillwater, Okla.

War and Post-War Econ. Problems 18 3 3 Yes 3C
U. of Pittsburgh, Pittsburgh, Pa. War Economics 18 2 2 Yes 2 65

2C

Pomona Col., Claremont, Cal.

Econ. of War & Defense 6 5 3 Yes 1 19 2C
St. John’s U., Collegeville, Minn. Economics of War 18 3 3 Yes 1 20

2C

U. of S. Dak., School of Bus. Admin., Vermillion, S.D.

Economics of War 18 3 3 Yes 1 25 2C
U. of S. Dak., School of Bus. Admin., Vermillion, S.D. Money & Banking & War Finance 18 3 3 Yes

2C

Stanford U., Dept. of Econ., Stanford U., Cal.

American Economy in Wartime 10 5 5 Yes 2 89 2C
Stanford U., Dept. of Econ., Stanford U., Cal. War Effort 10 4 3 Yes

Stout Inst., Menomonie, Wisc.

War Economics 6 5 5 Yes 1 2C
Susquehanna U., Selinsgrove, Pa. Amer. Probs. in World Relationships 32 2 2 Yes 1 27

1

Temple U., Philadelphia, Pa.

Economic Planning 15 3 3 Yes 1 25 2C
Temple U., Philadelphia, Pa. Internat. Trade & Commerce 15 3 3 Yes 1 30

2

Transylvania Col., Econ. & Sociology Dept., Lexington, Ky.

Economics of War 18 3 3 Yes 1 18 3C
Villanova Col., Villanova, Pa. Probs. of Peace After the War 6 5 2 Yes

U. of Va., Charlottesville, Va.

Economics of War 36 3 6 Yes 1 2C
U. of Va., Charlottesville, Va. Prins. of Economics 12 3 2 Yes 2 180

1

State Col. of Wash., School of Bus. Admin., Pullman, Wash.

Econ. & Bus. Tendencies 18 3 3 Yes 1 3C
U. of Wash., Col. of Econ. & Bus., Seattle, Wash. Econ. of Natl. Defense 12 5 5 Yes 1 94

2

U. of Wash., Col. of Econ. & Bus., Seattle, Wash.

World at War 12 5 5 Yes 1
Western Reserve Univ., Cleveland, Ohio. Econ. of Natl. Defense 16 4 3 Yes 1

2C

Western Reserve Univ., Cleveland, Ohio.

Econ. of War and Reconstruction 15 1 ¾ 2 Yes 1 27

2 or E

*Prerequisites:

Numerals—years of college which must have been completed
C—certain courses in the same or allied subjects
E—experience in the field

_________________________

Instructors and course descriptions

SCHOOL COURSE TITLE INSTRUCTOR AND COURSE DESCRIPTION
U. of Akron, Akron, Ohio. Economics of War Jay L. O’Hara. Economic causes of war; transition from peace to war economy, fiscal and monetary problems of war economy; price control, rationing and priorities.
Albright Col., Reading, Pa. Economic Problems John C. Evans. Text supplemented by lectures, readings in economic theory for purposes of orienting the student, and current reading in the better newspapers and periodicals for correlation of current opinions.
U. of Ariz., School of Bus. & Pub. Admin. Tucson, Ariz. Economics of War E. G. Wood. An analysis of those economic factors which determine modern war; man power and materials, methods for their mobilization.
U. of Ariz., School of Bus. & Pub. Admin. Tucson, Ariz. Geography of War Areas G. Herrech. A course dealing with climatic, topographical and economic factors in war areas. Population characteristics and pertinent matters of history and government will be included, as well as a discussion of the military characteristics of the geographic background. Text material will be newspapers and magazines, and reference work in the library.
Babson Inst., School of Bus. Admin., Wellesley, Mass. War Economics James M. Matthews. Introductory analysis of economic causes of war, the economics of the war process, the post-war economic adjustment, war production, labor, wages, finance, prices, consumer control, railroads, electric power, housing, agriculture.
Brooklyn Col., Brooklyn, N.Y. Econ. of Defense & War Curwen Stoddart – The economic problems of defense in modern times; the expenditures by countries for armament and defense purposes since 1914 and the economic policies pursued in financing these expenditures. The functioning of the economy under war time controls, including the regulation of prices, production, consumption and finance, the repercussions of war upon neutral countries and the consequences of peace; with special attention to the immediate problems resulting from demobilization of war-time resources.
Brown U., Dept. of Econ., Providence, R.I. Economics of War Antonin Basch. Economic mobilization for war. Government controls over production, consumption, foreign trade, prices and wages through monetary policy, fiscal policy, price control, priorities, rationing and foreign exchange control. Economic warfare. Lessons of the first World War. Problems of post-war reconstruction.
Bucknell U., Dept. of Commerce & Finance, Lewisburg, Pa. Econ. of Modern War Rudolph Peterson. Problems created by the war in the field of production, distribution, finance, and prices and methods of meeting them.
Carleton Col., Dept. of Econ., Northfield, Minn. Economics of War D.A Brown [no course description]
U. of Cincinnati, Col. of Engin. & Commerce, Cincinnati, Ohio. Economics of War H.B. Whaling. Inflation and price controls. Fiscal and tax problems, function of the banking system in the war economy, rationing, devices for saving, conversion of peacetime to wartime economy, impact of war economic policies on post war economy.
U. of Cincinnati, Col. of Engin. & Commerce, Cincinnati, Ohio. Probs. of War and Reconstruction R.R. McGrane. How the war came to Europe. Problems of financing the war, mobilization of industrial resources, mobilization of public opinion. Problems of peace; what kind of peace does the U.S. want, what will be the position of the U.S. in the new world order?
City Col. of N.Y., Commerce Center, New York, N.Y. Price Control Regulations Henry Bund, Joseph Friedlander, Percy J. Greenberg. This laboratory and clinic course to be given by prominent authorities will provide up-to-the minute information and analysis of rulings and interpretations of orders of the Office of Price Administration. The lecturers will concern themselves with the purpose and provisions of the various regulations; individual groups of manufacturers, wholesalers and retailers will receive instruction in the computation of price ceilings for various commodities and how to obtain relief from present regulations which are oppressive; a series of laboratory exercises will be required.
Claremont Col., Claremont, Cal. America at War: Econ. Org. Arthur G. Coons [no course description]
Claremont Col., Claremont, Cal. War and Economics Walter E. Sulzbach. Emphasis on international aspects of war and economic organization.
Clark U., Worcester, Mass. Economics of War S. J. Brandenburg. A descriptive study of public economic policy in relation to war: what economic mobilization for modern war means in terms of labor, resources, civilian and military economic preparation, finance, and private and government enterprise. A study of economic problems to be faced in post war reconstruction will form a final unit of the course.
Clemson Col., Clemson, S.C. Economics of War James E. Ward. We deal with the problems of financing a war, production problems, maladjustments caused by war, post-war aspects, etc.
Dartmouth Col., Tuck School of Bus. Admin. Hanover, N.H. Econ. Prob. of War George Walter Woodworth. The chief aim of this course is to develop an understanding of how the economic resources of a nation can be most effectively marshalled for total war. First requirements are seen, then the problems of mobilization and conversion of resources. Final section is devoted to post-war problems.
U. of Detroit, Col. Of Commerce & Fin., Detroit, Mich. Economics of War Bernard F. Landuyt. An analytical survey of the economic aspects of the preparation for and conduct of war, with particular reference to the participation of the United States in World War II. Attention given to both the armed conflict and the civilian scene.
U. of Detroit, Col. Of Commerce & Fin., Detroit, Mich. War Finance Bernard F. Landuyt. A survey of the major aspects of the problem of war finance, with especial reference to the current American problem. Emphasis will be placed on the nature and significance of the problem, the principles basic to its solution, and the effectuation of these principles.
Duke U., Durham, N.C. Economics of War Earl J. Hamilton and H. E. von Beckerath [no course description]
Fenn Col., School of Bus. Admin., Cleveland, Ohio. Economics of Price Control A. O. Berger. A study of price control in normal times by (a) competition and (b) regulation under monopoly conditions, such as utilities. Price control under conditions of war: the reasons for it, the determination of ceilings, the economic implications.
U. of Fla., Col. of Bus. Admin. Gainesville, Fla. Economics of Total War Walter J. Matherly [no course description]
Franklin & Marshall Col., Lancaster, Pa. Econ. History of U.S. Harold Fischer and Noel P. Laird. A study of the factors in the economic development of the United States, with special attention to these factors as they influenced America’s rise to the rank of a world power. A history of the evolution of the economic life of the American people. Emphasis on problems involved in our adjustments to a war economy.
Franklin & Marshall Col., Lancaster, Pa. War Economics Noel P. Laird. A careful analysis of such economic problems as agriculture, consumers’ needs, price, banking, public finance, labor, transportation, and unemployment. Special attention will be given to war economy with emphasis on priorities, rationing, and government control over production, distribution, consumption, finance and other economic activities. A survey of the economic problems created by the war.
U. of Ga., Athens, Ga. Advanced Econ. Theory E. C. Griffith. The course deals with monopolistic competition and the problems of government regulation of prices; special emphasis is given to specific industries such as the iron and steel industry. Special attention will be given in 1942 to government control of inflation, rationing, and antitrust policy in a period of war.
U. of Ga., Athens, Ga. Economics of War Robert T. Segrest. Economic problems and policies of nations in wartime. Post-war problems with special emphasis on the United States.
U. of Ga., Col. of Bus. Admin., Athens, Ga. Econ. of Consumption John W. Jenkins. National economy from the interests of the consumer, before the war, now and in the post-war world.
Hamline U., St. Paul, Minn. Prins. of Economics C. B. Kuhlmann. War economics is given as the last 8 weeks of the course in principles of economics.
Harvard Grad. School of Bus. Admin., Boston, Mass. Banking Problems and Federal Finance Ebersole and D.T. Smith. Financing of the Federal Treasury during the present war is the over-shadowing concern of business, finance, and banking. Current activities of the Treasury are studied in relation to fiscal policy, and bank operations. Indispensable background is covered in two parts: bank portfolios and bank relations, with emphasis upon government relations arising out of government lending corporations, financing Federal deficits by bond issues sold to banks or to the public, and central bank and money management policies of the Treasury and Federal Reserve system.
James Millikin U., Decatur, Ill. Econ. of War and Reconstruction M. E. Robinson. An analysis of the fundamental framework of the war economy. Problems of finance, population, prices, civilian production, and procurement as affected by war. Study of our efforts to convert and produce for war in contrast to those of other nations. Brief study of the economic structure and problems of a post-war economy. Much of the course will be devoted to a study of sources, propaganda, and war annals.
Loyola U., Dept. of Econ., New Orleans, La. Economics of War John Connor. Economic factors in war: strategic materials; man power; production and consumption controls; price regulations; financing; post-war problems, etc.
Macalester Col., St. Paul, Minn. Econ Probs. of a War Economy Forrest A. Young. Modern warfare and the economic system; economic warfare; critical and strategic raw materials; maximizing production; foreign trade and shipping; labor and wage policies; housing difficulties; priorities, allocations, rationing and demand controls; direct and indirect price control and bases of price fixing; fiscal policy and war financing; problems of postwar readjustment.
U. of Md., Col. of Commerce, College Park, Md. Econ. Institutions & War G. A. Costanzo. An analysis of the Economic causes and problems of war. Industrial mobilization; theory and techniques of price control; banking and credit control; war finance; international trade and foreign exchange controls; economic sanctions and autarchy; and the problems of readjustment in a post-war economy.
Mass. Inst. of Technology, Dept. of Econ. & Soc. Sci., Cambridge, Mass. Economics of War Ralph E. Freeman. A study of the economic changes resulting from the adjustment of industry to the demands of War, and the impact of these changes on business stability, standards of living and methods of social control.
Mass. Inst. of Technology, Dept. of Econ. & Soc. Sci., Cambridge, Mass. Postwar Econ. Probs. Richard M. Bissell. A study of the economic difficulties that are likely to arise after the war, and of policies that may be adopted to cope with them.
Mass. Inst. of Technology, Dept. of Econ. & Soc. Sci., Cambridge, Mass. Postwar Problems Richard M. Bissell. A study of the economic problems involved in maintaining national income and employment under the conditions that are likely to prevail after the war.
U. of Minn., School of Bus. Admin., Minneapolis, Minn. Finance J. Warren Stehman. Reconstruction Finance Corporation, Commodity Credit Corporation, Federal Housing Administration Title VI, governmental financial policies to control prices, war finance and its effects upon business policy and upon investments. Probably fifty percent of the course dealt with financial material related directly to the war effort and fifty percent not so related.
U. of Minn., School of Bus. Admin., Minneapolis, Minn. Our Economic Life Helen G. Canoyer. Although the title of the course was not changed, due to an action of the advisory committee of General College, the committee did agree to a change in the emphasis of the course to war economics.
U. of Minn., School of Bus. Admin., Minneapolis, Minn. Public Finance Roy G. Blakey.  Each meeting was a discussion led by one of the members of the seminar. All were assigned certain basic readings and each was required to write a term paper or thesis on a phase of the subject selected by him in consultation with the instructor.
Mont. State U., School of Bus. Admin., Missoula, Mont. War Economics Roy J. W. Ely. The course is a study of the various factors that appear to lead to war; pre-war preparations; an analysis of war economy; and post-war adjustments.
N. Dak. Agri. Col., Dept. of Econ., Fargo, N.D. War Economics Paul E. Zerby.  Causes of war; economic means of warfare; economic problems and adjustments of post-war period; money and banking, public finance, labor, international economic policies, government and business.
U. of N. Dak., School of Com., Grand Forks, N.D. Economics of War S. Hagen. The course covers the steps by which a peace economy is transferred into a war economy. The controls instituted by the government to direct economic activity during the war period are studied and compared with peace time controls. Special attention is given to such topics as priorities, price-ceilings, war finance, labor management, lend-lease, and post-war problems.
Okla, A&M, Col., School of Com., Stillwater, Okla. War and Post-War Econ. Problems R. H. Baugh. An analysis of the impact of war on economic arrangements and processes; deals with such problems as the conversion of industry to war production, war-time labor issues, inflation, financing the war, rationing, conversion of war production to peace-time production, post-war employment, and international trade from the war.
U. of Pittsburgh, Pittsburgh, Pa. War Economics M. K. McKay. Emphasis is given to the problems emerging in the transition from peace to war. Special consideration is directed to war production, the role of the consumer and the various regulatory measures introduced by the government. Finally, post-war problems were viewed.
Pomona Col., Claremont, Cal. Econ. of War & Defense Kenneth Duncan. The economic problems and policies of a nation at war. Attention, is given to the economic forces contributing to war and to the strategy of international markets, materials, and shipping. The shift to a war economy and the war-time control over production, labor, prices, and consumer demand. War finance and inflation. Problems of demobilization and post-war economic planning.
St. John’s U., Collegeville, Minn. Economics of War Linus Schieffer. This course is designed to examine the repercussions upon the economy of the nation of a total war effort such as modern war entails. It investigates the problem of conversion of plant and resources, the dangers of inflation, the influence of strategic materials. It likewise spends some time discussing the postwar consequences of such a wholesale conversion of the national economy.
U. of S. Dak., School of Bus. Admin., Vermillion, S.D. Economics of War Claude J. Whitlow. Economic causes of war; nature of total war; man-power regulation and total war; war effort in real terms; price system under impact of war; labor problems in war time; war-time control of production and consumption; public finance and war; international relations during and after a period of war; post-war economic problems.
U. of S. Dak., School of Bus. Admin., Vermillion, S.D. Money & Banking & War Finance E. S. Sparks [no course description]
Stanford U., Dept. of Econ., Stanford U., Cal. American Economy in Wartime B. F. Haley, K. Brandt, W. S. Hopkins. War economics of raw materials, labor resources and policy in the war economy; transportation in World Wars I and II; business organization and policy; controls in the war economy, international aspects of the war effort; consumption and living standards in the war economy.
Stanford U., Dept. of Econ., Stanford U., Cal War Effort Staff. Lectures in all phases of the national war effort.
Stout Inst., Menomonie, Wisc. War Economics A. Stephen Stephan. The change from peace-time to war-time economy and the problems involved. The war and its effect on industry and consumers. Problems of war production, financing the war, price control, economic regulations and civilian morale.
Susquehanna U., Selinsgrove, Pa. Amer. Probs. in World Relationships W. A. Russ, H. A. Heath. A survey of the problems confronting the United States in her present day relationships with Europe, the Far East, and Latin America. These problems will be discussed, from the standpoint of relationships in economics, science, history and government. The second semester surveyed the economic relationships of war.
Temple U., Philadelphia, Pa. Economic Planning Russell H. Mack. Examination of the chief problems of production, pricing, and distribution arising under capitalism and planned economy. Special emphasis on the problems and techniques of war-time price control and rationing.
Temple U., Philadelphia, Pa. Internat. Trade & Commerce Grover A. J. Noetzel. The fundamental principles of international commerce. Special emphasis throughout upon the disorganizing effects of the present war upon world commerce. Proposed plans of reconstruction of post-war trade.
Transylvania Col., Econ. & Sociology Dept., Lexington, Ky. Economics of War W. Scott Hall. Background of nature and causes of war, economic factors in the causation, preparation for, and waging of war, economic effects of war. Emphasis on term paper.
Villanova Col., Villanova, Pa. Probs. of Peace After the War Edward J. McCarthy. An historical survey of the various efforts to organize states for economic and political purposes. Religious, social, economic and political problems facing nations at war are considered together with the several plans for post-war organization now being offered.
U. of Va., Charlottesville, Va. Economics of War David McC. Wright. Production for war, labor supply, price control, war finance, changes in the structure of the economy, post-war reconstruction, etc.
U. of Va., Charlottesville, Va. Prins. of Economics Tipton R. Snavely, D. Clark Hyde [no course description]
State Col. of Wash., School of Bus. Admin., Pullman, Wash. Econ. & Bus. Tendencies [No instructor named] Basic tendencies, in economic and business ideas and institutions. The effect of the war on economic change and the environment of business enterprise. The objectives and policies of government. Problems of post-war institutional adjustments.
U. of Wash., Col. of Econ. & Bus., Seattle, Wash. Econ. of Natl. Defense Harold G. Moulton and Howard H. Preston. Analysis of the problems arising from our national defense program, including organization of production, procurement of materials, financing industrial expansion, monetary issues, price control methods, labor relations, international exchange, fiscal policy of the government.
U. of Wash., Col. of Econ. & Bus., Seattle, Wash. World at War Staff. Factual information on the background of the present war, the ideological conflict; the fundamentals of military and naval strategy, economics and war, and the essentials of planning for peace.
Western Reserve Univ., Cleveland, Ohio. Econ. of Natl. Defense Russell Weisman. The problems of industrial mobilization. Priorities, allocations, and price control. Methods of financing – taxation, public borrowing, fiat money and credit. Economic policies of the leading nations in World War I and II.
Western Reserve Univ., Cleveland, Ohio. Econ. of War and Reconstruction Warren A. Roberts. An analysis of the steps involved in the conversion to war effort, and the effects upon business. An examination of the economic program of Germany and England and a comparison of policies of labor representation, of personnel conversion from normal occupations, of stages of development of war finance, and of uses of compulsory loans. A brief consideration of post-war problems.

 

_________________________

Bibliography
Texts used in War Courses Offered by Collegiate Schools of Business and Departments of Economics

ECONOMICS OF WAR

Atkins, W. E. (Editor). Economic Behavior. Houghton Mifflin Co., Boston, 1931, 1079 p., $8.50.

Backman, Jules. Wartime Price Control and the Retail Trade. National Retail Dry Goods Association, New York, 1910, 48 p., $.10.

Baruch, Bernard M. American Industry in the War. Prentice-Hall, Inc. New York, 1941498 p., $3.75.

Boulding, Kenneth Ewart. Economic Analysis. Harper and Bros., New York, 1941, 809 p., $4.25.

Brown University Economists, A. C. Neal (Editor). Introduction to War Economics. Richard D. Irwin, Inc., Chicago, 1942, $1.25.

Burnham, James. Managerial Revolution. John Day Company, Inc., New York, 1941, 285 p., $2.50.

Chamberlin, Edward. Theory of Monopolistic Competition. Harvard University Press, Cambridge, 1938, 241 p., $2.50.

Condliffe, John Bell. The Reconstruction of World Trade; A Survey of Industrial Economic Relations. W. W. Norton, Inc., New York, 1940, 427 p., $3.75.

Fairchild, F. R.; Furniss, E. S. and Buck, N. S. Economics. Macmillan Co., New York, 1940, 828 p., $3.00.

Faulkner, Harold Underwood. Economic History of the United States. Macmillan Co., New York, 1937, 319 p., $.80.

Fraser, Cecil E. and Teele, Stanley F. Industry Goes to War; Readings on American Industrial Rearmament. McGraw-Hill Book Company, New York, 1941, 123 p., $1.50.

Hardy, C. O. Wartime Control of Prices. Brookings Institution, Washington, D. C., 1940, 216 p., $1.00.

Harris, Seymour E. Economics of American Defense. W. W. Norton and Company, Inc., New York, 1941, 350 p., $3.50.

Lorwin, Louis L. Economic Consequences of Second World War. Random House, New York, 1941, 510 p., $3.00.

Meade, J. E.; and Hitch, C. J. Introduction to Economic Analysis and Policy. Oxford University Press, New York, 1938, 428 p., $2.50. Mendershausen, Horst. Economics of War. Prentice-Hall, Inc., New York, 1940, 314 p., $2.75.

Nelson, Saul and Keim, Walter G. Price Behavior and Business Policy (T.N.E.C. Monograph No. 1) U. S. Government Printing Office, Washington, D. C., 1940, 419 p., $.45.

Pigou, A. C. The Political Economy of War. MacMillan and Company, London, 1921, 251 p., $3.25.

Robbins, Lionel Charles. Economic Causes of War. Macmillan Co., New York, 1939, 124 p., $1.35.

Robinson, Joan. The Economics of Imperfect Competition. Macmillan and Co., London, 1934, 352 p., $4.50.

Spiegel, Henry William. Economics of Total War. D. Appleton-Century Co., New York, 1942, 410 p., $3.00.

Stein, Emanuel and Backman, Jules. War Economics. Farrar and Rinehart, Inc., New York, 1942, 501 p., $3.00.

Steiner, George A. and Associates. Economic Problems of War. John Wiley and Sons, Inc., New York, 1942, 676 p., $3.50.

Steiner, W. H. Economics of War. Farrar and Rinehart, Inc., New York, 1942, 250 p., $3.00.

Vaile, Roland Snow; and Canoyer, Helen G. Income and Consumption. H. Holt and Co., New York, 1938, 394 p., $2.25.

Waller, Willard Walter (Editor). War in the Twentieth Century. Random House, Inc., New York, 1940, 572 p., $3.00.

Zimmermann, Erich W. World Resources and Industries; A Functional Appraisal of the Availability of Agricultural and Industrial Resources. Harper and Bros., New York, 1934, 842 p., $4.00.

 

Source: U.S. Department of Commerce, Bureau of Foreign and Domestic Commerce. Supplementary Report on War Courses offered by Collegiate Schools of Business and Departments of Economics. Washington, D.C.: August 1942. Pages 11-13, 20-25, 45-89, 94-96.

Image Source: U.S. National Archives and Records Administration. Buy War Bonds” (Uncle Sam). Wikimedia.

Categories
M.I.T. Wing Nuts

M.I.T. Wingnut inspiration for Du Pont’s crusade against Paul Samuelson’s textbook, 1947

 

 

What is the natural habitat of wing-nuts and fanatical partisans of zombie economic ideas? While Economics in the Rear-View Mirror specializes in the collection and curation of artifacts bearing on the general academic environment within which economists have been trained in the United States since about 1870, there are moments when a field trip to the lunatic fringe is warranted. It is there where we can observe the margins of the chattering class, working politicians, and wealthy businessmen as they poke their noses into curriculum decisions and professional debates regarding the scope and methods of economics. As the vaudeville comedian Jimmy Durante cracked, “Everyone wants ta get inta da act.”

Executive summary:

Members of the M.I.T. Corporation hostile to Paul Samuelson’s textbook and even the President of M.I.T. appear to have found a kindred spirit in Rose Wilder Lane whose anti-Keynesian review of Lorie Tarshis’ textbook was published in 1947 by the Franco admirer and later John Birch activist Merwin K. Hart.

This post began innocently enough when I selected an exchange of letters concerning the teaching of the principles of economics at M.I.T. in general and the new textbook by Paul Samuelson in particular. The famous controversy involved members of the M.I.T. Corporation, the M.I.T. Administration, and the M.I.T. department of economics and social science and has been most ably presented by Yann Giraud and Roger Backhouse and in the literature they cite.

Yann Giraud. Negotiating the “Middle-of-the-Road” Position: Paul Samuelson, MIT, and the Politics of Textbook Writing, 1945-55. Paper included in MIT and the Transformation of American Economics, Annual Supplement to Volume 46, History of Political Economy edited by E. Roy Weintraub. Durham and London: Duke University Press, 2014, pp. 134-152.

Earlier draft: The Political Economy of Textbook Writing: Paul Samuelson and the Making of the first Ten Editions of Economics (1945-1976). Working Paper 2011-18 of Université de Cergy Pontoise (France).

Giraud’s blog: https://ygiraud.wordpress.com

Also: Roger Backhouse’s Becoming Samuelson (Oxford University Press, 2017), chapter 26.

This post provides a few letters from four of the individuals involved in the Samuelson controversy to provide a taste of that discussion. What caught my eye and what I call the reader’s attention to in this post is the repeated reference to an unnamed critical review of another unabashedly Keynesian textbook, The Elements of Economics by Lorie Tarshis of Stanford University. It is worth noting that Samuelson’s textbook was already receiving incoming fire from members of the M.I.T. Corporation before that review was published in August 1947, so the attack on Tarshis was merely adding water to the Anti-Samuelson mill. The head of the economics department, Ralph Freeman, notes in his defense of Samuelson that the organization that had published the Tarshis review was known to have “a fascist flavor” and was run by a man named Hart who was “involved in some way in a treason charge during the war”. Seeing the words “fascist” and “treason”, I could not resist donning my investigative garb to uncover the back-story of the man Hart, his organization and the anti-Tarshis screed by the author unnamed in the letters. But first I share the sample letters from 1947 in the Samuelson controversy at MIT.

Dramatis Personae

Walter J. Beadle (Vice President, Treasurer and member of the Board of Directors at Du Pont and life member of the M.I.T. Corporation, 1943-88)

Lammot du Pont II (President of Du Pont (1926-40), Chairman of the Board of Directors and former member of the M.I.T. Corporation (1928-33))

President of M.I.T. Karl T. Compton  (b. 14 September, 1887; d. 22 June, 1954)

Head of M.I.T.’s department of economics and social science, Ralph Evans Freeman (b. 23 July 1894; d. 12 May 1967)

Source (DuPont officers): “DuPont Officers Reelected, James New Treasurer Aide” in The Morning News (Wilmington, Delaware) April 22, 1947, p. 12.

Fun Fact:

The great-great grandfather of Lammot Du Pont, the chairman of the Board of Directors at Dupont in 1947, was Pierre Samuel du Pont de Nemours, a disciple of the Physiocrat author of the Tableau Oeconomique, François Quesnay.

The genealogical line from the Physiocrat du Pont de Nemours to the Chairman of the Board of Directors of DuPont in 1947.

Pierre Samuel du Pont de Nemours (b. 14 Dec 1739; d. 7 Aug 1817)

Éleuthère Irénée du Pont de Nemours (b. 24 June 1771; d. 31 Oct 1834)

Alfred V. du Pont (b. 11 Apr 1798; d. 4 Oct 1856)

Lammot du Pont I (b. 13 Apr 1831; d. 29 Mar 1884)

Lammot du Pont II (b. 12 Oct 1880; d. 24 Jul 1952)

 

Image Sources: Pierre Samuel Du Pont de Nemours (Wikipedia Commons); Lamott Du Pont II in Du Pont: The Autobiography of an American Enterprise. New York: Charles Scribner’s Sons, 1952. (Lammot Du Pont, p. 86).

_______________________

Beale to Compton
(original)

Walter J. Beadle
DuPont Building
Wilmington 98, Delaware

September 15, 1947

Dr. Karl T. Compton, President
Massachusetts Institute of Technology
Cambridge, Massachusetts

Dear Dr. Compton:

When you were on vacation, Mr. C. E. Spencer, Jr. sent me a copy of the Economic Council Review of Books for August 1947. Since this seemed to point up better than anything I have read the general problem in connection with teaching of economics in this country, I sent it to Jim Killian in advance of our luncheon meeting and he in turn passed it on to Professor Freeman.

On the chance that you have not seen this review, I attach a copy of it which has just come to me from Mr. Lammot du Pont. I enclose also Mr. du Pont’s letter of transmittal dated September 12th which I am sure will be of interest to you. As I told Jim at our Boston meeting, I acquainted Mr. du Pont with the developments in connection with the teaching of economics at M.I.T. because I know of his very sincere interest in the Institute as a life member of the Corporation.[sic, not listed as a Life Member At MIT’s website]

I hope that your vacation proved to be a very enjoyable and refreshing one.

With kind regards, I am

Sincerely,
[signed] Walter
Walter J. Beadle

WJB:k
enc.

Source: MIT Archives. Office of the President Box 192, Folder 9 “Samuelson, Paul, 1942-1947”.

_______________________

Lammot Du Pont to Beadle
(copy)

LAMMOT DU PONT
Du Pont Building
Wilmington 98, Delaware

September 12, 1947

Mr. Walter J. Beadle;
B u i l d i n g.

Dear Walter:

Your file is returned herewith, and there is also enclosed a leaflet of the National Economic Council, giving a review of college textbook, “The Elements of Economics,” by Lorie Tarshis. You can get an idea of the nature of the review by reading the few paragraphs on the first page, which I have marked.

I take it that this textbook is an aggravated example of what the M.I.T. professor [Paul Samuelson] has done in a milder way. You will note on page 7 a list of the colleges which have adopted this textbook, and I am pleased to note that M.I.T. is not among them. Will you use your judgment as to sending this copy of the review to Dr. Compton as an illustration of what can happen?

Recently, I was talking with an Economist, who is a professor at a well-known university in the east. I have entire confidence in this Economist’s truthfulness and accuracy, but maybe I did not understand him exactly right. The gist of what he told me was as follows:

At this university there are 11 professors in the Department of Economics. Of these, 7 are Leftist. Four, including himself, are what I would call “sound.” There are two vacancies among the 11 professorships, and it is indicated that they will be filled only with men who meet with the approval of the present 9 incumbents. This is called “a democratic process.” With the odds 7 to 2, it is a foregone conclusion that another Leftist will be added.

In addition to the above, my friend tells me that he has been advised by a man acting as Assistant to the President of the University, with respect to faculty appointments, that he, my friend, had better withdraw from the University, or look for a position elsewhere. My friend informs me that he does not intend to withdraw, and does not think they can oust him. He believes that it is his duty to remain at the University and do what he can to expound to students sound economics. The University is among those listed on page 7 of this leaflet.

I am not urging that you send this review to Dr. Compton, or that you send him this letter, but if you care to do so, you have my permission, for I don’t think I have violated any confidence in what I have written.

Yours sincerely,
(s) Lammot du Pont

LduP/MD

Source: MIT Archives. Office of the President Box 192, Folder 9 “Samuelson, Paul, 1942-1947”.

_______________________

Compton to Beadle
(copy)

September 18, 1947

Mr. Walter J. Beadle
du Pont Building
Wilmington 98, D.C. [sic]

Dear Walter:

Thanks ever so much for sending me the copy of the Economic Council Review of Books for August, which discusses the book by Professor Tarshis of Stanford University.

My brother Wilson showed me a copy of this while we were together at our family camp, and I had made a memorandum to send for a copy for my own use. It seems to me to be an exceedingly effective statement.

Incidentally, have you noticed the comment among the book reviews in the September issue of Fortune with reference to another book by one of Samuelson’s students [Lawrence Klein]?

I am just getting squared away after return from vacation and the process is somewhat delayed because I got mixed up in a fire and am still somewhat bandaged up,–nothing permanently serious, however.

With best regards,

Very sincerely yours
[unsigned]
President

KTC/L

Source: MIT Archives. Office of the President Box 192, Folder 9 “Samuelson, Paul, 1942-1947”.

_______________________

Compton to Freeman
(copy)

December 15, 1947

Personal

Professor R.E. Freeman
Dept. of Econ. and Soc. Sci.

Dear Ralph:

Apropos of the discussions which we had some weeks ago about Professor Samuelson and the textbook on economics, I have accidentally run into several interesting discussions recently concerning the Keynesian theories of economics on the part of several groups of top economists. From these I gained the impression that Keynes’ theories were brilliant and stimulating but inclined to be based more on a logic derived from a limited set of postulates than on actual test from all the factors involved. The comment was made that Lord Keynes himself was sufficiently flexible to modify his views when the facts indicated to him that this was necessary, but that many of Keynes’ disciples have been so wedded to the beautiful logic that they have had a tendency to base their faith on this logic rather than on an objective evaluation of factors by which the conclusions might be tested.

The work of the American Economic Council [sic], (I am not sure that I have the name just right), was described as especially valuable and effective because of its objective search for facts, as opposed to argument on theory.

At a meeting with Harold Moulton some weeks ago I asked his opinion of Samuelson and he replied that Samuelson is a very brilliant young man but that he is a “dogmatist”. In this connection Moulton dug out the enclosed reprint which he thought might be helpful to us in our evaluation of economic research methods. I thought you might be interested in this, though you have perhaps already read it. Please return it at your convenience,

Very sincerely yours,
[unsigned]
President.

KTC/L

Source: MIT Archives. Office of the President Box 93, Folder 7 “Freeman, R.E. 1940-1944”.

_______________________

Freeman to Compton
(original)

Personal

Massachusetts Institute of Technology
Department of
Economics and Social Science

Cambridge, Mass.
17 December 1947

Dr. Karl T. Compton
Room 3-208
M.I.T.

Dear Dr. Compton:

Many thanks for your comments regarding Keynes, Samuelson et al. I was interested in Moulton’s brochure which I am returning herewith.

A good deal of misunderstanding has arisen because of a failure to distinguish between Keynesianism as a conceptual apparatus and Keynesianism as a policy. It is the former which has been adapted by the younger economists of this country such as Paul Samuelson—and many of the older ones as well. I use the word adapted, because some of the ideas of Keynes have been rejected. On the policy level two Keynesians may arrive at quite different conclusions.

The charge that such thinkers base their faith on logic rather than on facts, is to my mind unjustified. The classical economists built up their whole system on the assumption of full employment. The modern approach is not only to question this assumption but also to try to understand why our economy so often fails to provide full employment.

It has been a common belief in the past that because the rate of saving was assumed to vary with the interest rate, there could be no under or over savings—that changes in the interest rate would provide the necessary correction. A study of the facts indicates that this position was erroneous. Much of “modern economics” is concerned with the implications of under-saving and over-saving.

I have taken the liberty of enclosing a recent bulletin of the United Business Service for which I write the first page every week. This brief article designed for popular consumption entitled “How Inflation Could Be Halted” illustrates the use of the savings concept in analyzing current problems. Incidentally, Moulton in the latter part of the pamphlet you sent me indicates that he has incorporated into his thinking the Keynesian approach to the saving process.

It is significant, I believe, that the new approach to economic problems has developed as our knowledge of the facts of the economic process has become more extensive. Today we know vastly more about what is going on in economic society than we did a half or even a quarter of a century ago. The young men who have been and are now the main fact gatherers are in overwhelming numbers using the Keynesian concepts as tools of analysis.

The “American Economic Council” [sic] to which you refer in your letter is I believe an organization with a Fascist flavor which is of course opposed to the “new economics.” If I have identified the organization correctly, it is a front for a man named Hart who was involved in some way in a treason charge during the war. It recently issued a review of a book by Tarshish [sic]—a review which was grossly unfair to the writer.

I am not sure what Moulton means by referring to Paul Samuelson as “dogmatic.” Paul certainly is capable of supporting his views with factual data and reasoned arguments. Moulton’s effort to defend a recent Brookings publication—“A National Labor Policy”—against the criticism of Wayne Morse was not an effort which would inspire confidence in Moulton’s own objectivity.

I don’t know whether Bob Caldwell passed to you the information that Paul will be presented with the John Bates Clark Medal at the coming meetings of the American Economic Association in Chicago. This medal is being presented for the first time by the Association to the living economist under 40 “who has made the most distinguished contribution to the main body of economic thought and knowledge.” The name of the recipient of the award will not be published until December 28.

Probably you will agree with me that we don’t need to worry too much about what the economists of the country think about Paul Samuelson.

Sincerely yours,
[signed] Ralph
Ralph E. Freeman

 

Source: MIT Archives. Office of the President Box 93, Folder 7 “Freeman, R.E. 1940-1944”.

_______________________

Compton to Freeman
(copy)

December 19, 1947

Professor Ralph E. Freeman
Department of Economics and Social Science
M. I. T.

Dear Ralph:

Thanks ever so much for your letter and the enclosed copy of United Business Service.

One way or another I seem to be getting some elements of an education in economics, long deferred. At least no one can criticize my own education in this field on the ground that it has not brought contact with plenty of divergent points of view.

I was glad to have your distinction between conceptual apparatus and policy in reference to the influence of Lord Keynes.

I am delighted to know that Paul Samuelson is to receive the John Bates Clark Medal. That, coming from the American Economic Association, is certainly an honor and should be a reassurance to some of our “worriers”.

With many thanks,

Sincerely yours,
[unsigned]
President

KTC/h

 

Source: MIT Archives. Office of the President Box 93, Folder 7 “Freeman, R.E. 1940-1944”.

_______________________

Back to the Chase

Thanks to my reading of Giraud and Backhouse, it didn’t take much effort to establish the identity of the unnamed reviewer of Tarshis, none other than the libertarian diva, Ms. Rose Wilder Lane (b. 5 December 1886; d. 30 October 1968). Economics in the Rear-View Mirror has posted the story of Rose Wilder Lane’s 1946 report for the Foundation of Economic Education on Milton Friedman and George Stigler’s famous pamphlet on rent-control, Roofs or Ceilings. Lane was certain that Messrs. Friedman and Stigler were communists in deep disguise…really. Interested readers can find out more about her together with the complete text to the third printing of her 1947 review of Tarshis in the rich paper with its document-filled appendix by Levy, Peart and Albert (2012).

David M. Levy, Sandra J. Peart and Margaret Albert. Economic Liberals as Quasi-Public Intellectuals: The Democratic Dimension in Marianne Johnson (ed.) Documents on Government and the Economy Vol. 30-B (2012) of Research in the History of Economic Thought and Methodology, pp. 1-116.

Especially the transcription of the Rose Wilder Lane review of the textbook The Elements of Economics by Lorie Tarshis published in Economic Council Review of Books, Vol. IV, No. 8, August 1947), pp. 49-64.

More about Merwin Kimball Hart can be found at:

Sandra J. Peart and David M. Levy. F. A. Hayek and the “Individualists”, Chapter 2 in F. A. Hayek and the Modern Economy: Economic Organization and Activity, eds. Sandra J. Peart and David M. Levy (Palgrave Macmillan, 2013), especially pp. 30-37.

_______________________

But wait, there’s more

For those wanting to learn even more about the publisher of the National Economic Council’s Review of Books, Mr. Merwin Kimball Hart (b. 25 June 1881; d. 30 November 1962), U.S. government files are available at archive.com that were obtained through Ernie Lazar’s FOIA applications. There you will find around six hundred pages of F.B.I. investigative reports, letters, and newspaper clippings regarding the Merwin Hart case that are easily consulted on line.

The tidbit that I find that ties this post together is the clear evidence that Lammot Du Pont was a financial supporter of Hart’s National Economic Council precisely at the time that he and the Du Pont vice-president and lifetime member of the M.I.T. corporation were on a crusade against Paul Samuelson’s textbook.  “A rose by any other name would smell as sweet.”

 Links to the Merwin Kimball Hart files

Hart, Merwin K.—NYC 100-21056 (243 pages)

14 page New York City F.B.I. investigative report November 17, 1942
6 page Albany F.B.I. report Jan 22, 1943 on Utica background of Merwin K. Hart

Hart, Merwin K.—HQ 100-128996, Misc. Serials (278 pages)

[note:it is necessary to view the file in single-page mode, when in double page mode only the odd numbered pages are displayed.]

Hart, Merwin Kimball, HQ 100-128996, 139-142 (58 pages)

Hart, Merwin K.—Army Intel Report (48 pages)

A selection from these FOIA files now follows:

_______________________

A Memorandum for the Director of the F.B.I. (February 8, 1940) prepared by E. A. Tamm

The FBI report refers to a woman informant working within the New York State Economic Council.

“From what can be gathered from the informant the Council was apparently originally engaged in a fight against Communism. It then became involved in the fight to support the Franco rebellion in Spain, and has now passed into not only opposition to the present Federal administration but has gone further and become actually opposed to the existing form of government in this country. The inner circle of the NYSEC in one way or another is now considering setting up an independent union movement to combat the CIO and other so-called radical unions, and to set up what would amount to company-controlled unions.

The informant advises [deletion of 2/3 line] Hart, John Eoghan Kelly, Jane Anderson, and various Catholic priests, she is convinced of the existence of a plot, presumably centering around the Council and directed by Catholic church leaders to reestablish the Holy Roman Empire with certain nations so aligned as to make it possible for the Catholic church to control the balance of power through its control of the government of Spain.” Page 3 of memo

[…]

“Hart is general manager of the Cream of Wheat Corporation, and his home is understood to be at Utica, New York…The informant expresses her belief that Hart is a sincere, fiery patriot who honestly believes the country is in serious danger from a “red menace.” However, she stated he is being used by certain Fordham University clerics who decide on certain action in conferences with John Eoghan Kelly, Allen Zoll and similar persons, and then prevail on Hart to make such contacts, presumably Protestant, as will facilitate the promotion of the action desired.

“Hart has written a book entitled ‘America—Look at Spain’, and from purported copies of correspondence exhibited by the informant it would appear that this book was partly edited by the Catholic clergy in so far as that portion of it which treats the Catholic church is concerned. Hart has visited Spain, Germany and Italy and has made an intensive study of conditions in these places. He has communicated with the Bureau in the past relative to cooperating on matters pertaining to the national defense. By letter dated April 10, 1939 he wrote the Bureau requesting a copy of the report on the German-American Bund investigation, and was advised that same was not available, and his letter was referred to the Department.

It is impossible to fully set out all the connections that Hart may possibly have, but it is probably safe to say from those he is known to have that he is connected at least with every group of any prominence in the United States whose aims are anti-administration or anti-Communist.” Page 5 of memo.

[…]

DuPonts of Wilminton, Delaware:

            The informant advises that these persons were at one time strong financial supporters of the NYSEC but have not contributed recently.” Page 21 of memo.

 

Source: Memorandum for the Director of the F.B.I. (19 February 1940) in the Ernie Lazar FOIA Collection at archive.org. Federal Bureau of Investigation, N.Y.C. Hart, Merwin K.—HQ 100-128996, Misc. Serials.

_______________________

From an investigative report dated July 2, 1942

“…On January 27,1940 Confidential Informant [deleted] was interviewed by Assistant Director E. J. Connelley regarding any information informant might have concerning MERVIN K. HART. Informant informed [ca. 2 lines deleted] whose offices are located in Room 417, 17 East 442 Street, New York City. Informant advised that she met subject HART through [deleted] who was an acquaintance of HART as a customer of the bank [deleted] started to work for HART [line deleted] HART advised informant that he had just returned from Spain where he was in touch with the Nationalist Leader and believed that they were saving the world form Communism. He wanted to write a book to show that the same thing might occur here in the United States.

She advised that HART had published a book entitled AMERICA LOOKS AT SPAIN which was published by Kennedy and Company. HART advised informant that in this book he wanted to show that Communism was overthrowing the world and that something must be done about it in this country. In connection with the luncheon held for MARTIN DIES, which was mentioned previously, [one line deleted] this luncheon for Dies was given by the New York State Economic Council at the Bellmore Hotel, New York City. Informant advised that JAMES WHEELER-HILL, Second in Command of the German-American Bund, was there along with [deleted] The luncheon was open to the public. She stated that the presence of [deleted] and JAMES WHEELER-HILL did not mean that they were connected with the Economic Council as tickets were on sale to the public; however, informant said that the people actively working for HART considered [deleted] and WHEELER-HILL as martyrs fighting for a cause.

Informant said [deleted] he formed the American Union for Nationalist Spain and, in that connection, was constantly in touch with various religious leaders. Informant, continuing, said that the Council is financed through subscriptions and donations made by the Texas Company and by Lamont [sic] Dupont. According to informant, HART’s most intimate associate is Captain JOHN T. TRAVER, the head of the American Coalition of Patriotic Societies.

 

Source: Ernie Lazar FOIA Collection at archive.org. Federal Bureau of Investigation. NY File No. 100-21056. Report date: 2 July 1942.

_______________________

From November 17, 1942 FBI Internal Security Case Report
Merwin K. Hart

…Confidential Informant [deleted] stated that she first met HART during the winter of 1938-1939 at a party at the home of [deleted] of the famous [deleted] of China. HART at that time had just returned from Spain. [Deleted] had just returned from Munich and was disgusted with the Chamberlain appeasement policy. She thereafter disliked HART’S theories from the start. For quite some time HART continued to send her a copy of his Economic Letter, which she said she tore up and refused to pay any attention to it. According to [deleted] HART has constantly criticized the ROOSEVELT administration; is violently anti-Communistic; has said that HITLER has done some good things for Germany; that the German American Bund is a harmless organization; and that the Franco Policy is satisfactory. She said further, however, that since December 7, 1941 HART has been openly advocating unity withi9nAmerica. He confines his criticism now only to Government spending and then only to expenditures which are not for the war effort. However, she believes he is still a Fascist in his theories of Government but is smart enough to hold his tongue now. She said that a while ago he was so anti-Communistic he was literally seeing “a Communist under every chair.” She believes he might still be regarded as dangerous in that his constant criticisms creates a disturbing element. She does not believe that he is subsidized by foreign funds. She said further that HART had told her in the past of attending some Bund meetings simply to find out what went on in the meetings. [Deleted] was of the opinion that HART’S theories are too extreme, and that HART has been and in her opinion still is against labor agitation…”

 

Source: Ernie Lazar FOIA Collection at archive.org. Federal Bureau of Investigation. NY File No. 100-21056. Report date: 17 November 1942.

_______________________

Memo for J. Edgar Hoover Jan 26, 1944.

 

Item in summary table of correspondence with Merwin K. Hart:

From Lammot du Pont to M.K.H. 1/2/42. Encloses check for $4,000. “Subscription to the work of the organization for 1942”

Source: Ernie Lazar FOIA Collection at archive.org. Federal Bureau of Investigation. NY File No. 100-21056. Memo to Hoover (26 January, 1944).

_______________________

Newspaper clipping, syndicated columnist Marquis W. Childs

Marquis W. Childs. The State of the Nation.
[FBI time stamp: Jan 15, 1948]

Washington.

The self-appointed thought police are on the loose again, their attack this time is directed against a textbook on economics used in many of the leading universities of the country.

The attack began with the National Economic Council, whose head, Merwin K. Hart, has been one of the principal American supporters of Spain’s dictator, Franco. It took the form of a so-called review of the book—“The Elements of Economics” by Prof. Lorie Tarshis of Stanford University.

The review twists the meaning of the book to try to show that its author supports the government spending theories of the late Lord Keynes. Therefore, the review concludes, the book must be subversive and un-American.

Wide circulation of this review through the mails was only the first step. In Arkansas, an American Legion post and something called the Arkansas Free Enterprise association have taken the next step. They have demanded an investigation of the textbook, used in economics classes at the University of Arkansas.

President Lewis W. Jones of the university replied that he thought the sanest procedure would be to submit the book to an impartial group capable of judging it, such as the American Economics [sic] association. He added that he saw nothing subversive in the text, which he considered a thoroughly objective study of the economic system.

Here is a pattern of behavior that endangers fundamental American freedoms of speech and thought. The concept of thought police, whether amateur or professional, is repugnant to free Americans.

The American legion recently held here in Washington a counter-subversive seminar. Seventy-five representatives from Legion posts around the country attended the three-day session. They heard lectures by some so-called experts on Communism. It is interesting incidentally, that among these experts are several men who were once Communists. Having at one time embraced a totalitarian faith, they now make a profession of denouncing it.

Seven State Legion organizations have held or will hold such seminars, taking their cue from the National organization. Both Georgia and Indiana have just had two-day sessions on subversion.

If one is to judge from the speech made by Georgia’s Rep. James C. Davis at the meeting in Atlanta, it was given over entirely in the subversion of communism. They might well have devoted part of their time to such home-grown subversion as the Ku Klux Klan. It is a fairly safe guess that there are more Klansmen than Communists in Georgia.

Training Legionnaires to “spot and counter subversive activities, as National Commander O’Neil put it, is a hazardous business. The FBI gives its agents months of instructions in such matters, and they are told to avoid possible infringement of fundamental rights of speech and thought. Yet here we have amateurs turned loose after two days to do sleuthing on their own.

An example of what this can mean occurred in California at about the time the Legion was holding its counter-subversive seminar in Washington. Twenty-five men wearing Legion hats bearing the insignia of Glendale, Cal., Post No. 127 invaded the meeting of a Democratic club and demanded that it break up immediately.

A slight error had been made. The club was duly chartered by the County Democratic Central committee. In the midst of the indignation and the corresponding embarrassment that followed, State Legion Commander Harry L. Foster condemned the act.

“The rights of free speech and assembly,” he said, and it might be a good idea to frame these words in every Legion hall, “are part of our cherished Bill of Rights and we of the Legion should be the first to insist on these rights. Should there is an unlawful meeting, it should be reported to the duly constituted civil authorities for their action.

“Thought police on the Japanese model are an insult to American integrity. That is especially true when zealous guardians of pure thought seek to protect the young. If young men and women in college who have grown up under the advantages of the American system cannot use judgment for themselves, then the system has failed. The generation that fought the recent war does not need to be sheltered by meddling zealots. They are a lot more clear-eyed and clear–headed than most of their elders.

 

Source: Ernie Lazar FOIA Collection at archive.org. Federal Bureau of Investigation. N.Y.C. File No. 100-21056 page 179.  Copy from the FOIA file is partially illegible and the newspaper was not identified. A less edited version of the article was published in The Eau Claire Leader (Wisconsin), Sunday, January 18, 1948, p. 12.

_______________________

J. Edgar Hoover’s Memo
March 29, 1948

100-128996-94

Date: March 29, 1948

To: [deleted]

BY SPECIAL MESSENGER

Attention: Reading Center

From: John Edgar Hoover, Director, Federal Bureau of Investigation

Subject: MERWIN KIMBALL HART, wa,
Mervin Kimball Hart
National Economic Council, Inc.
INTERNAL SECURITY-X

Reference is made to your communication of March 17, 1948 your [deleted] where you informed that [deleted] was en route to New York City at the invitation of the National Economic Council.

[paragraph deletion]

Biographical information, the accuracy of which is unknown, reflects that Merwin Kimball Hart was born on June 21, 1881, at Utica, New York. He graduated from Harvard in 1904, receiving an A. B. degree. In 1906 he was elected for a two year term to the General Assembly of the State of New York. Hart, by this time, was married to Catherine Margaret Crouse of Utica. He was admitted to the New York State Bar in 1911 and became a member of the law firm Hart and Senior. In 1914 Hart and several prominent businessmen in Utica organized the Utica Mutual Insurance Company. A few years later when the United States entered the war, Hart, although possessing defective eyesight, enlisted in the Army and when released in 1918 he had attained the rank of Captain in a non-combatant unit. After the war Hart devoted several years attempting to place the Hart and Crouse Company in Utica on a sound financial basis. This firm, which manufactures furnaces and heating equipment, was founded by Hart’s father and Hart’s wife’s father. The firm is presently owned by other persons. Following this, Hart became active in numerous movements to reduce expenditures in the State government of New York. Subsequently in about 1932 he organized the New York State Economic Council, now known as the National Economic Council, Inc., with offices in New York City and Utica, New York. His annual salary from the inception thereof was reported to be $10,000. The organization was originally financed by manufacturing and financial concerns located in the State of New York.

Hart was described by an old acquaintance as having come from one of the old established families in Utica, was a brilliant and well educated man was thoroughly patriotic and loyal, and taken part in numerous business enterprises, and was one time a member of one of the leading law firms in Utica. In this latter connection this informant stated it was not known whether Hart went to law school or that he ever appeared in court as a lawyer.

Another source stated Hart was very influential and respected in his own community, but had few intimate friends. He said Hart was known as the type who knew “everybody that counted” and acted in a formal and aloof manner. His personal unpopularity in Utica was attributed in part to the fact that he was too outspoken, tactless, bull-headed, and possessing a peculiar type of personality.

Hart was described as believing in the capitalistic system and particularly opposed to Communism and the New Deal Administration. It was said that the citizens of Utica generally considered him sincere and 100% American in spite of his unfavorable publicity. Some people, it was claimed who did not know him, might think him to be opposed to the country’s war aims at that time.

Information of a current nature regarding the National Economic Council, Inc., is not known. From various sources in the past it was described as being an organization of about 17,000 members drawn from throughout the State of New York. Its headquarters were said to have been located at 17 East 42nd Street, New York City, with a branch office at Utica. A folder distributed by the Council in 1940 described as the Council’s purposes: 1. To curb Government spending; 2. To reduce oppressive tactics; 3. To oppose subversive groups; 4. To oppose stifling restrictions of private enterprises, and 5. To promote true recovery. The officers of the Council as listed in the folder are as follows: President—Merwin K. Hart; Treasurer—George D. Graves; Vice-President— [name missing] Chase National Bank, New York City; Chairman of the Finance Committee—William Fellows Morgan, New York City; Vice-Presidents—Elon Hooker—President Hooker Electrochemical Company, New York City; Thomas M. Peters, New York City; Alexander D. Falck, Chairman, Corning Glass Works, Elmira, New York.

A confidential source advised that early in 1940 the headquarters of the Council seemed to be a meeting place for groups of people who were apparently interested in setting up a totalitarian form of government. This organization was also said to furnish material to Reverend Charles Coughlin for his use. Starting in late 1939 it was reported that the Council devoted about 90% of its efforts to the distribution of propaganda on behalf of the Spanish Republican Government.

The answer to question “d.” is not known to this Bureau. Accordingly, appropriate inquiry is being instituted in an effort to ascertain the desired information. Upon receipt of the results of this inquiry I shall promptly advise you.

Source: Ernie Lazar FOIA Collection at archive.org. Federal Bureau of Investigation, N.Y.C. Hart, Merwin K.—HQ 100-128996, Misc. Serials.  pp. 187-189.

 

_______________________

WASHINGTON CITY NEWS SERVICE
[teletype]
File Time Stamp: August 14, 1950

MERWIN K. HART, PRESIDENT OF THE NATIONAL ECONOMIC COUNCIL, INC., SAID TODAY THE WORD “DEMOCRACY” IS CLOSELY ASSOCIATED WITH COMMUNISM AND SHOULD BE DISCARDED.

HE TOLD THE SPECIAL HOUSE COMMITTEE INVESTIGATING LOBBYING THAT THE U.S. IS A REPUBLIC AND THAT “IT IS TIME FOR US TO RETURN TO THAT CONCEPTION.”

THE TERM “DEMOCRACY” GAINED ITS CURRENT STATUS AFTER IT WAS USED BY GEORGEI DIMITROV AT A MEETING OF THE COMMUNIST INTERNATIONAL IN MOSCOW IN 1935, HART SAID.

REPEATING WHAT HE SAID IN A SPEECH TO THE UNION LEAGUE CLUB OF NEW YORK IN 1940, HART TOLD THE COMMITTEE:

“I WONDER SOMETIMES IF ONE OF THE CAUSES OF OUR TROUBLE TODAY DOES NOT ARISE FROM THE FACT THAT WE HAVE BEEN OVER-DRILLED INTO BELIEVING WE ARE A DEMOCRACY, THIS, TOO, MAY BE ONE OF THE LATEST ‘INSIDIOUS WILES OF FOREIGN INFLUENCE…IT IS TIME TO BRUSH ASIDE THIS WORD WITH ITS ‘CONNOTATIONS.’”

HART WAS CALLED BEFORE THE LOBBY COMMITTEE BECAUSE OF THE EFFORTS MADE BY HIS ORGANIZATION TO INFLUENCE LEGISLATION IN WHICH IT IS INTERESTED. THE COUNCIL IS CLASSIFIED BY BOTH DEMOCRATIC AND REPUBLICAN CONGRESSMEN AS RIGHT-WING.

IN ONE OF SEVERAL PREVIOUS STATEMENTS MADE BY HART, WHICH WERE PUT INTO THE COMMITTEE RECORD, HE SAID THERE IS AN “EXTREMELY ACTIVE GROUP” ATTEMPTING TO CONVERT THE UNITED STATES FROM A REPUBLIC TO A DEMOCRACY—“THAT IS, FROM A REPRESENTATIVE FORM OF GOVERNMENT INTO A MOBOCRACY, GOVERNED EVENTUALLY BY A DICTATOR.”

ALSO PUT INTO THE COMMITTEE RECORD WERE NUMEROUS EXCHANGES OF LETTERS IN WHICH CONTRIBUTIONS AND GIFTS TO THE NATIONAL ECONOMIC COUNCIL WERE DISCUSSED.

THE LETTERS SHOWED THAT TWO OF THE ACTIVE CONTRIBUTORS TO THE COUNCIL ARE LAMMOT DU PONT AND IRENEE DU PONT, BOTH OF WILMINGTON, DEL. THE RECORDS SHOWED THAT IRENEE DU PONT GAVE THE COUNCIL $11,000 IN 1948 TO PAY FOR SUBSCRIPTIONS TO PAMPHLETS THAT WERE SENT TO COLLEGES, CHURCHES AND LIBRARIES.

HART SAID IN ONE LETTER TO FORMER U.S. SEN. JOESPH R. GRUNDY, OF BRISTOL, PA., THAT THE COUNCIL’S LEGAL STAFF HAD FOUND A METHOD OF HELPING ITS CONTRIBUTORS SAVE ON THEIR INCOME TAX PAYMENTS.

“MAY I SAY THAT WHILE UNDER A RULING OF THE TREASURY DEPARTMENT OUR NON-NEW DEAL NATIONAL ECONOMIC COUNCIL IS NOT ABLE TO OFFER THE DEDUCTIBILITY PRIVILEGE TO ITS CONTRIBUOTRS, YET WE ARE ABLE TO GET SUBSTANTIAL BENEFIT FROM THE FACT THAT A CONTRIBUTION MADE TO US OF MONEY TO PURCHASE SUBSCRIPTIONS AT $10 EACH TO OUR COUNCIL PUBLICATIONS TO GO TO EDUCATIONAL AND RELIGIOUS CORPORATIONS IS DEDUCTIBLE UNDER THE INCOME TAX LAW,” HART WROTE GRUNDY.

HART’S LETTER SAID THAT FROM TIME TO TIME GRUNDY HAD SHOWN INTEREST IN THE NATIONAL ECONOMIC COUNCIL. THE FORMER PENNSYLVANIA SENATOR WAS INVITED TO MAKE A “FAIRLY SUBSTANTIAL” CONTRIBUTION TO THE WORK OF THE COUNCIL.

THERE WAS NO EVIDENCE PRODUCED AT THE COMMITTEE HEARING TO SHOW WHAT GRUNDY’S REPSONSE WAS.

6/21—N122P

Source: Ernie Lazar FOIA Collection at archive.org. Federal Bureau of Investigation. HART, Merwin Kimball, HQ 100-128996, 139-142.

ADD 1 LOBBYING (122P)

THE HOUSE LOBBY INVESTIGATING COMMITTEE DISCLOSED THAT CONFIDENTIAL INFORMATION ABOUT ONE OF ITS SECRET MEETINGS HAD LEAKED OUT TO A LOBBY WHICH IT IS INVESTIGATING.

HARRY S. BARGER, WASHINGTON REPRESENTATIVE OF THE NATIONAL ECONOMIC COUNCIL, DECLINED TO TELL THE COMMITTEE HOW HE GOT INSIDE INFORMATION ABOUT THE COMMITTEE’S JANUARY 17 MEETING.

IN A MEMO FROM BARGER TO ERWIN K. HART, NEC PRESDIENT, BARGER SAID “A FRIEND OF MINE” SAW A REPORT OF THE MEETING. BARGER DECLINED TO NAME THE FRIEND AND ASKED THE COMMITTEE FOR A RULING ON WHETHER HE WOULD BE COMPELLED TO ANSWER.

CHAIRMAN BUCHANAN SAID THE PROBLEM WOULD BE TAKEN UP IN CLOSED SESSION.

IN BARGER’S MEMO, INTRODUCED AS EVIDENCE, HE WROTE HART THAT THE COMMITTEE HAD FOUND THAT $90,000 HAD BEEN CONTRIBUTED TO NEC “FROM THE DUPONTS,” AND THAT THE COMMITTEE THOUGHT NEC WAS “SOMEWHAT SUBVERSIVE IN CHARACTER.”

BARGER WROTE THAT “THE CIO AND KINDRED SPIRITS” WERE RUNNING THE COMMITTEE AND “THAT THE SETUP SHOULD BE VERY CAREFULLY EXPOSED IF AND WHEN REPRESENTATIVES OF THE COUNCIL ARE CALLED BEFORE THE BUCHANAN COMMITTEE X X X.”

REVELATION OF THE MEMO BROUGHT SHARP COMMENTS FROM COMMITTEE MEMBERS, ESPECIALLY REP. CLYDE DOYLE, D., CAL., WHO DECLARED “I EMPHATICALLY RESENT” THE CHARGE THAT THE COMMITTEE IS UNDER DOMINATION OF ANY ONE.

BARGER SAID THE INFORMATION ABOUT THE COMMITTEE’S SECRET MEETING “WAS GIVEN TO ME IN CONFIDENCE” AND COULD HAVE COME FROM ANY ONE OF “THREE OR FOUR FRIENDS.”

“I DON’T THINK I SHOULD BE CALLED UPON TO NAME MY SOURCES ANY MORE THAN A NEWSPAPER MAN SHOULD BE,” HE SAID.

6/21—WM611P

Source: Ernie Lazar FOIA Collection at archive.org. Federal Bureau of Investigation. HART, Merwin Kimball, HQ 100-128996, 139-142.

_______________________

And no counterrevolution would be complete without the guns
Reported June 1950 in the Washington Post

It was brought out, however, that Hart warned subscribers in his economic council letter in January, 1948, to arm themselves with pistols and rifles to resist the Communist threat.

“We have one concrete suggestion to make to every citizen who is impressed by the potential danger,” he wrote. “Let him possess himself of one or more guns making sure they are in good working condition and that other members of his family know how to use them.”

After the letter was read, Hart explained it had been written after a trip to Europe. He said it seemed to him that laws against the possession of firearms discriminate against law-abiding citizens because Communists and others ignore them.

Washington Post clipping “circa 6/_/50, p. 5.

Source: Ernie Lazar FOIA Collection at archive.org. Federal Bureau of Investigation. HART, Merwin Kimball, HQ 100-128996, 139-142.

Categories
Computing M.I.T.

M.I.T. Request for funds so Samuelson can multiply, 1941

 

 

I fondly remember the experience of having a desktop Wang calculator that could calculate logarithms when I was an intern at the Council of Economic Advisers in 1972. Hard to imagine that only three decades earlier, Paul Samuelson had to hustle to find funds to pay for access to an IBM punch card calculating machine that would multiply, multiply I say! A casual search of the internet turned up the Wikipedia article on the first IBM calculating machine that could multiply, the IBM 601. I am guessing that must be the machine in question since the IBM 602 (that could do division) was only introduced in 1946. 

Source: IBM 601 multiplying punchBy Sandstein – Own work, CC BY-SA 3.0.

________________

Massachusetts Institute of Technology
Department of
Economics and Social Science

Cambridge, Mass

February 20, 1941

Mr. J. R. Killian
Room 3-208
M.I.T.

Dear Mr. Killian:

As I mentioned in our conversation of yesterday, the Department is badly in need of about $150.00 to defray expenses involved in the use of punch card computing services. The Institute’s Hollerith machine can be used for part of the work, but since this machine does not multiply we need to supplement it from the equipment available at the International Business Machine Co. The money will be required to cover the rental of machines, cost of cards and to hire a trained operator. The work arises out of research problems in business cycles in which Professor Samuelson is engaged.

Since the Department funds are at a very low ebb, I should be extremely grateful if you could charge this expense to any fund that may be available and appropriate.

Yours sincerely,
[signed]
Ralph E. Freeman

REF:d

 

Source:  MIT Archives. MIT. Office of The President, 1930-1958. Box 93, Folder “1940-1944. Freeman, R.E.”.

Image Source: Paul A. Samuelson, fellowship awarded 1948 .  John Simon Guggenheim Memorial Foundation.

Categories
Economics Programs Fields M.I.T.

M.I.T. Graduate Economics Program Brochure, 1961

 

 

 

Robert Solow served as the graduate registration officer of the Department of Economics and Social Science at M.I.T. perhaps even as late as when the graduate program brochure (transcribed below) was printed in 1961. Since Solow went down to Washington to serve as a senior staff economist on the Council of Economic Advisers in 1961, it seems likely that the brochure would have been drafted sometime before John F. Kennedy’s inauguration. This brochure is striking in many ways, e.g. its 100% informational content, presumably reflecting significant authorship/editor responsibilities of Robert Solow.

Five cherry-picked quotes from the brochure I found particularly sweet:

“The M.I.T. program does not concentrate on mathematical economics”
[It’s not what you say, it’s what they hear.]

“The department welcomes applications from qualified women”
[Apparently in the DNA of the department since World War II nearly emptied the pool of qualified male applicants.]

“The purpose of the minor program is to broaden the interests or capacities of the student in other areas than those of his major intellectual objective. While some latitude is allowed in particular cases, the spirit of this purpose is always held in view.”
[As opposed to the commandment “Thou shalt stay in thy lane”.]

“Students who are prepared for graduate work in economics are almost never deficient in humanities. Similarly, deficiencies in science are infrequent; but candidates are frequently admitted without preparation in calculus.”
[You go to war with the army you have.]

“In judging promise, special weight is naturally given to letters of recommendation from economists known to members of the department. The difficulty of evaluating records in foreign institutions and of judging foreign references constitutes a serious but no impassable barrier for foreign applicants.”
[Signal extraction problem vs. the problem of old boy networks]

Incidentally, neither “microeconomics” nor “macroeconomics” appear in the document at all. The preferred terms seen here in the brochure are “price and allocation theory” and “income analysis”.

____________________________________

The Graduate Program in Economics

School of Humanities and Social Science
Massachusetts Institute of Technology
[1961]

This brochure has been prepared especially for students who may enter the graduate program in economics at M.I.T. Its purpose is to answer a number of questions which have been recurrently raised about the program and to add to the information which is given in the M.I.T. catalogue.

 

Highlights of the M.I.T. Graduate Program in Economics

  1. The program is almost entirely for doctoral candidates. The master’s degree at M.I.T. is given in either economics and engineering or economics and science; it requires the equivalent of the M.I.T. undergraduate content in engineering or science.
  2. The M.I.T. program does not concentrate on mathematical economics. All students are required to have and use a minimum of mathematics. Students who enter without calculus may make up their deficiency in the first term with a one-semester subject (Mathematics for Economists—14.101), given in our own department. Most of the work in most fields, however, is nonmathematical.
  3. The program is limited in size. Approximately twenty-five students are admitted in any year; sixty or so students are in residence at one time. The department has more than thirty faculty members, twenty of whom have a major responsibility in the graduate program.
  4. The department welcomes applications from qualified women.
  5. All applicants are urged to take the Graduate Record Examination no later than during the January preceding the September in which they wish to enter. They should take the quantitative and verbal aptitude tests as well as the test in economics (Write to the Graduate Record Examinations, educational Testing service, 20 Nassau Street, Princeton, New Jersey, for information on these examinations. Students in western states should write to 4640 Hollywood Boulevard, Los Angeles 27, California.)
  6. Visits to the M.I.T. Campus are helpful both to the candidate and to the departmental admissions committee. Appointments are desirable but are not generally essential, since members of the committee are likely to be available.
  7. The department would like each applicant to submit a statement (one or two pages) explaining his interest in economics. An informal questionnaire is provided for general guidance.
  8. Admission in February is granted only on an exceptional basis, because many subjects given in the spring are continuations of work given in the fall. In any event, fellowship assistance is given only as a consequence of the annual March competition, for students entering in the following September.
  9. Fellowships and scholarships in amounts up to $3250 are available for entering graduate students.
  10. Winners of outside fellowships are welcome to use them at M.I.T. It is entirely appropriate to apply for a Woodrow Wilson, G.E., A.A.U.W., National Science Foundation, or other outside fellowship at the same time that one applies to M.I.T. As a rule, M.I.T. learns of the outside award prior to making its own announcements.
  11. Liberal second-year fellowships are available both to students entering with fellowships and to those who enter without financial assistance. Awards are made on the basis of first-year performance.
  12. Teaching assistantships are ordinarily available for third-year students only, although some second-year students may do a small amount of teaching. Assistantships are not available to entering students unless they have had prior graduate study and teaching experience elsewhere.
  13. I.T. these are written in residence. Following an Institute rule, theses are prepared in residence except where the special requirements of the subject, such as field work, dictate otherwise. All theses are written in residence.
  14. For further information, write the Graduate Registration Office of the Department of Economic and Social Science, Professor Robert M. Solow.

 

S.M. in Economics and Engineering or Economics and Science

The department offers a Master of Science degree only in the combined fields of economics and engineering or economics and science. This degree is available primarily to students whose undergraduate work was in either engineering or science. Its purpose is to enable scientists and engineers, and in particular graduates of the undergraduate Courses in Economics and Engineering or Science (Course XIV) at M.I.T., to carry their economics training to the graduate level in order to equip them more fully for work in industry or government.

 

Ph.D. Degree

Ph.D. degrees are awarded in economics (including industrial relations) and in political science. In addition, candidates occasionally work for a doctorate in two or more fields—for example, economics and mathematics, economics and operations research, or economics and regional planning. These candidates are examined by special committees, on which members of the Department of Economics and Social Science serve jointly with members of the other departments concerned. Most of the graduate work in the department is directed towards the doctor’s degree. This pamphlet deals exclusively with the Ph.D. in economics; a separate bulletin describing graduate work in political science is available on request.

There are four departmental requirements for the Ph.D. degree: the passing of a general examination in a number of approved fields within the area of economics and social science; the satisfactory completion of a “minor” program in another department; demonstration of ability to read two foreign languages of significance in economics; and preparation and defense of a dissertation.

 

Major Program and General Examinations

Work taken in the Department of Economics and Social Science for the doctorate in economics is divided—broadly speaking—into two separate options: economics and industrial relations. But there is considerable overlap between the two.

All students in both options are examined five fields. Among the fields presently available are the following: economic theory, advanced economic theory, monetary and fiscal economics, industrial organization, economic development, international economics, economics of innovation, labor economics and labor relations, personnel administration, human relations in industry, statistical theory and method, and economic history. Each student selects one field as having primary importance for this professional career; ordinarily this is the field in which he writes his dissertation, though exceptions may be made. The remaining four fields are designated secondary fields. One of the five fields must be economic theory.

Students are also required to have at least a minimum knowledge of statistics and economic history. This minimum is presently interpreted to mean one semester of work in each at the graduate level. Candidates who present statistics or economic history as a primary or secondary field normally take two or three semester subjects in the field and automatically satisfy the requirements in that area.

Students may qualify in one of the secondary fields through course work only, provided that they receive a mark of B or better in two subjects. Students are examined in writing in the remaining four fields during an eight-day period (Monday, Wednesday, Friday, and Monday). The theory examination is four hours long (divided roughly between microeconomics and macroeconomics), while the other three are each three hours long.

Following these written examinations, the student takes a two-hour oral examination which covers theory, his primary field, and one secondary field.

 

Foreign Languages

Doctoral candidates must show reading knowledge of two foreign languages; the standard set is the ability to read works of scientific interest at a relatively slow pace. Acceptable languages are German, French, Russian, or any other language which has a literature in economics or which will advance the educational program planned by the individual student. Students are examined by the Department of Modern Languages.

Students whose language preparation has been limited may take subjects which prepare specifically for the language examinations. Students with no previous training in a language frequently are able to attain the necessary minimum proficiency during a single semester of fairly intensive study. Others, who have already had some introduction to a language, often pass the requirement at some time before the end of the semester.

 

Minor Program

Every candidate for the doctor’s degree at M.I.T. must complete a program in a minor field in another department of the Institute. This program consists of a minimum of 24 units, which ordinarily implies three one-semester subjects. The choice of the minor field is made by the student, with the approval of the Department of Economics and Social Science. The content of the program within the other department is a matter for that department’s determination. Satisfactory completion of a minor is ordinarily contingent upon an average rating of 3.5 (in effect, a minimum of two B’s and a C). The normal standard is that the minor work shall be beyond the level required of M.I.T. undergraduates. Students who have done advanced undergraduate work in some field other than economics may often use it to meet part of the minor requirement.

Students in economics have met the minor requirement in such fields as mathematics, industrial management, history, international relations, other social sciences, literature, city planning, chemistry, and electrical engineering. Subjects taken in the minor program must not duplicate work which may be offered for one of the five fields in economics. A minor program in history may include only one term of economic history, since two terms would qualify the student to offer it as a field in economics. Similarly, students minoring in industrial management may not concentrate in such areas as personnel administration. The purpose of the minor program is to broaden the interests or capacities of the student in other areas than those of his major intellectual objective. While some latitude is allowed in particular cases, the spirit of this purpose is always held in view.

 

Courses at Harvard

Students regularly enrolled at M.I.T. are permitted to take a limited number of subjects at Harvard University—about two miles distant in Cambridge—on an exchange basis, without paying extra tuition. Such subjects may be taken as a part of the minor program. Fields for the major program other than those described above may sometimes be offered on the basis of work at Harvard.

 

Residence Requirements

The minimum residence requirement for the Ph.D. degree, including thesis, is the equivalent of one and one-half full-time academic years. No specific number of subjects is required for the general examinations. In general, however, it is recommended that students have at least the equivalent of three semesters of work at the graduate level for the primary field; four semesters in economic theory; and two semesters in each of the other fields. Work on the graduate level at other institutions is considered in meeting these broad approximations of the requisite preparation. Since there are no formal course requirements, there is no occasion to have graduate credits from other schools transferred.

A full-time student is expect to take the equivalent of five subjects each semester for credit; this may include one “reading subject,” in which the student will broaden his reading in his regular subjects. A half-time student is permitted to take approximately three subjects, and a third-time student two subjects. Auditing of additional subjects is permitted as an overload.

 

Dissertation and Special Examination

The Institute requires that all dissertations be prepared in residence, during which period tuition must be paid. Field work may be necessary to gather material; but the analysis of this material must take place at the Institute, under supervision of the instructor in charge of the dissertation. In some cases the writing of the final, polished version of the thesis may be completed elsewhere.

As in other institutions, the dissertation is expected to make a contribution to knowledge in the subject. Shortly after each candidate has submitted his thesis, he is examined on its subject. This examination is oral, conducted by a committee generally consisting of three faculty members, and usually is one hour in length.

 

Total Program of Course Work

The typical student comes to the Institute directly from college with no previous graduate study, having a deficiency in one subject and the ability to pass the reading examination in one language. He can usually prepare for the general examinations in four semesters (two academic years) taking five subjects in each, divided as follows:

 

In the Department of Economics Economic theory—four subjects
One primary field—three subjects
Three secondary fields—six subjects
Statistics—one subject
In other departments Deficiency—one subject
Language—one subject
Minor—three subjects
Total: Twenty subjects
[sic, total of the above is nineteen]

This program is only illustrative, of course, and a wide number of variations are to be expected. Additional work may be required because of additional deficiencies or lack of language preparation. The number of subjects may be reduced by absence of deficiencies, by better preparation in languages, by postponing one or more requirements (such as a part of the minor) until after the general examinations, or by incorporating economic history and/or statistics as primary or secondary fields.

 

Time Required for the Ph.D. Degree

A student entering the program with only a bachelor’s degree may expect to receive the Ph.D. degree in three years under optimum conditions. This will entail taking the general examination in May of the second year and completing a satisfactory dissertation in two semesters of full-time work thereafter. Normally, however, somewhat more time is needed, either in summer work or in some part of a fourth year. Students may need this additional time for more extensive preparation before the general examination, for the thesis, or (in the ordinary case) because teaching duties prevent full-time progress as a student. Many students who plan to enter the teaching profession take advantage of the opportunity to teach part-time at M.I.T. Teaching assistantships are available for students who have passed their general examinations, and occasionally for second-year students.

General examinations are given in the department at the beginning of each semester—in September and February—an again in May. Defense of the dissertation is arranged individually at any time.

Students enrolling in the Ph.D. program with a master’s degree from another institution, based on one or more years of residence at that institution, are urged to take their general examinations earlier than May of their second year at M.I.T. It is not usual, however, for a student to be able to transfer between institutions without some loss of time.

 

Summer School

The department does not offer any subjects at the graduate level during the summer session. However, students may enroll during the summer for thesis credits, for which tuition must be paid. Scholarships are only rarely available for payment of summer school tuition.

 

Admission

To be admitted into the program, a student must hold a bachelor’s degree from an accredited college or university. To be admitted without deficiencies, he must have taken one year of college mathematics, including at least one semester of calculus; one year of college science; and a minimum of three years of college work in the humanities and social sciences. While an undergraduate degree in economics is not indispensable, students are expected to have done a considerable amount of undergraduate work in this field. Students who are prepared for graduate work in economics are almost never deficient in humanities. Similarly, deficiencies in science are infrequent; but candidates are frequently admitted without preparation in calculus.

 

Special Students

Special students, taking from one to five subjects, may be admitted to the Institute and to the department from time to time under special circumstances. Admission of special students automatically lapses each semester; application for re-admission, in the case of students wishing to continue course work, must have the approval of the instructor concerned and the department.

 

Deficiencies

Students who, upon admission, are deficient in mathematics may make up this deficiency by taking a special one-semester subject offered by the Department of Economics—Mathematics for economists (14.101.) Since calculus is required for some of the work in economic theory and statistics, students entering with a deficiency in this area are required to make it up as soon as possible. Though this is not specifically recommended, some students may be able to make up a deficiency in calculus by studying at a summer school prior to fall enrollment at the Institute.

 

Fellowships, Scholarships, and Financial Assistance

Fellowships and scholarships are awarded on a competitive basis only. First-year awards are made on April 1 for the academic year beginning in the following September. Second-year and subsequent departmental awards are made in June. No academic assistance is available for students applying after April 1, or (until the following September) for those entering in February.

Fellowships cover the tuition fee of $1500 and some cash payment toward living expenses. A fellowship of $3200 will thus include $1500 tuition and $1700 cash. The cash award is paid in two equal installments, at the beginning of each semester.

The total of fellowship assistance varies from year to year. There are several name fellowships: the Goodyear, varying from $3000 to $3500; the United States Steel, at about $3100 for each of two years (awarded every other year); the RAND Corporation Fellowship in Mathematical Economics, varying from $3000 to $3500; the Hicks, for students of industrial relations, ranging from $2000 to $3000; and the Center for International Studies Fellowship in Economic Development, ranging from $3000 to $3500; In addition to these, the Institute awards Whitney Fellowships ($3000 in 1961), open only to first-year graduate students coming from outside M.I.T., upon recommendation of the department; and the department has limited funds with which it makes scholarship and fellowship awards varying from $1500 to $3000.

In offering scholarships and fellowships, the department takes into account a variety of factors; academic achievement, career promise, and need. In judging promise, special weight is naturally given to letters of recommendation from economists known to members of the department. The difficulty of evaluating records in foreign institutions and of judging foreign references constitutes a serious but no impassable barrier for foreign applicants.

In general, outside fellowships are financially better than all but a few of the department’s awards. Applicants are therefore urged to seek Woodrow Wilson, Danforth, National Science Foundation, and similar fellowships for use at M.I.T., if they think they stand a good chance of success in the national competition.

Students who perform effectively in their first year are assured of financial support needed to finish the degree. Part of this takes the form of fellowships, in amounts somewhat lower than first-year awards; the rest consists of teaching and research assistantships and instructorships. The half-time teaching assistantship covers the half-time tuition fee of $1000 and pays $180 a month for nine months—a total of $2620. The half-time instructorship, which is reserved for students who have demonstrated effective teaching as an assistant, pays the same tuition and $235 monthly–$3115 for the academic year. The few research assistants appointed each year receive a higher rate of pay than teaching assistants but pay their own tuition. They have the advantage, however, of working on a subject related to their thesis. The department is occasionally able to obtain assistantships for applicants in other parts of the Institute, such as the School of Industrial Management or the Operations Research Group.

Third-year students are also encouraged to compete for outside assistance in supporting their thesis research, such as the Ford Foundation Doctoral Dissertation Awards, the Social Science Research Council Fellowships, and Fulbright Awards.

 

The Faculty in Economics and Industrial Relations

Morris A. Adelman, Professor of Economics
Ph.D. Harvard 1948
Industrial organization, government regulation

Albert K. Ando, Assistant Professor of Economics
Ph.D. Carnegie Institute of Technology 1959
Statistics and econometrics, economic fluctuations

Francis M. Bator, Associate Professor of Economics
Ph.D. M.I.T. 1956
Price and allocation theory, income analysis, economic growth

Robert L. Bishop, Professor of Economics, in charge of the department
Ph.D. Harvard 1949
Price and distribution theory, industrial organization, history of economic thought

E. Cary Brown, Professor of Economics
Ph.D. Harvard 1948
Public finance, income analysis, fiscal economics

Evsey D. Domar, Professor of Economics
Ph.D. Harvard 1947
Income analysis, economic growth, Soviet economics, fiscal economics

Robert Evans, Jr., Assistant Professor of Industrial Relations
Ph.D. Chicago 1959
Labor economics, industrial relations

Franklin M. Fisher, Assistant Professor of Economics
Ph.D. Harvard 1960
Econometrics, price and allocation theory

Harold A. Freeman, Professor of Statistics
S.B. M.I.T. 1931
Statistical theory, experimental design probability methods

Ralph E. Freeman, Professor of Economics, Emeritus; Lecturer
A.M. McMaster 1914, B. Litt. Oxford 1919
Monetary economics

Everett E. Hagen, Professor of Economics
Ph.D. Wisconsin 1941
Economic development, income analysis

Ralph C. James, Jr., Assistant Professor of Insutrial Relations
Ph.D. Cornell 1957
Labor economics, industrial relations

Charles P. Kindleberger, Professor of Economics
Ph.D. Columbia 1937
International economics, monetary theory and policy

Edwin Kuh, Associate Professor of Economics
Ph.D. Harvard 1955
Econometrics, income analysis

Max F. Millikan, Professor of Economics
Ph.D. Yale 1941
Economic development, income analysis

Charles A. Myers, Professor of Industrial Relations
Ph.D. Chicago 1939
Labor economics, industrial relations

Paul Pigors, Professor of Industrial Relations
Ph.D. Harvard 1927
Personnel administration, industrial relations

Paul N. Rosenstein-Rodan, Professor of Economics
Dr.Rer.Pol. Vienna 1925
Economic development

Walt W. Rostow, Professor of Economic History
Ph.D. Yale 1940
Economic history, economic growth

Paul A. Samuelson, Professor of Economics
Ph.D. Harvard 1941
Price and allocation theory, income analysis, monetary theory and policy

Abraham J. Siegel, Associate Professor of Industrial Relations
M.A. Columbia 1949
Labor economics, industrial relations

Robert M. Solow, Professor of Economics
Ph.D. Harvard 1951
Price and allocation theory, income analysis, econometrics

 

Graduate Subjects

Price and allocation theory

14.121, 122 Economic Analysis
14.123 Advanced Economic Theory
14.132 Schools of Economic Thought
14.151 Mathematical Approach to Economics

 

Income analysis

14.451 Theory of Income and Employment
14.452 Economic Growth and Fluctuations

 

Economic history and economic development

14.161,162 Economic History
14.171 Theory of Economic Growth
14.172 Research Seminar in Economic Development
14.182 Capitalism, Socialism, and Growth

 

Economics of industry

14.271 Problems in Industrial Economics
14.272 Government Regulation of Industry

 

Statistics and econometrics

14.371,372 Statistical Theory
14.374 Design and Analysis of Scientific Experiments
14.381 Statistical Method
14.382 Economic Statistics
14.391 Research Seminar in Economics
15.032 Sampling of Human Populations1

 

Monetary and fiscal economics

14.461,462 Monetary Economics
14.471 Fiscal Economics
14.472 Seminar in Fiscal and Monetary Policy

 

International economics

14.581,582 International Economics
14.584 Seminar in International Economic Theory

 

Industrial relations

14.671 Problems in Labor Economics
14.672 Public Policy on Labor Relations
14.674 The Labor Movement: Theories and Histories
14.681,14.682 Seminar in Personnel Administration
14.691,692 Research Seminar in Industrial Relations
14.693 Collective Bargaining and Union-Management Cooperation
14.694 Seminar in Union-Management Cooperation

1School of Industrial Management

 

[Production Credits]

Editorial service by the M.I.T. Office of Publications. Design by Brigitte Hanf. Typesetting by the Lew A. Cummings Company, Inc., Manchester, New Hampshire, and The Composing Room, Inc., New York. Production by the Lew A. Cummings Company, Inc. January, 1961.

 

Source: MIT Archives, Department of Economics Records, Box 2, Folder “Department Brochures”.

Image Source: MIT beaver mascot, Tim,  from Technology Review in 1914.

Categories
Economists M.I.T. Regulations

MIT. Graduate Economics Program and Fellowships. 1950-51

Already by the academic year 1950-51 the M.I.T. economics department could boast seven economics professors who would still be around over a quarter of a century later, including Samuelson, Solow and Kindleberger. The printed departmental brochure along with a one-page announcement of twelve graduate fellowships, presumably sent to be posted on college and university bulletin boards, have been transcribed for this posting. Minor changes in formatting have been used to enhance readability.

 _________________________

 

Graduate Work in the Department of Economics and Social Science
Massachusetts Institute of Technology

 

THE PROGRAM

 

Our program in Economics is confined to students for the doctorate who are primarily interested in advanced study and research in

Economic Theory
Industrial Economics
Industrial Relations
International Economics
Statistics

We have an active program of continuing research in each of these fields and should like to invite a selected group of graduate students to participate with us in our explorations after they have completed their requirements for the general examinations here.

The work in Economic Theory is under the leadership of Professor Paul A. Samuelson. This includes, in addition to price analysis, the study of national income determination and business cycles. Research in these fields has been vigorous in recent years, and our objective is to train economists capable of understanding and appraising the results of this research and of adding to our empirical and theoretical understanding of these areas.

Industrial Economics, under the guidance of Professors W. Rupert Maclaurin and Max Millikan, is concerned primarily with the economic problems of the individual firm and of particular industries. The work should be enriched by the active research program now under way in the Department on “the economics of innovation,” “the process of business decisions,” and “the economics of the size of the firm.” We are anxious to have some advanced students who would like to participate in these research programs which are being worked out through “laboratory-type” collaboration of particular firms and industries.

Industrial Relations, under the leadership of Professors Charles A. Myers and Douglass V. Brown, is concerned with investigating the fundamentals of labor-management relations in modern industrial society. In addition to basic work in Economics, the program of study centers upon courses in Labor Economics, Collective Bargaining, Public Policy in Labor Relations, Personnel Administration, Social Psychology and Human Relations. A number of research projects are carried on by the Industrial Relations Section, which is a division of the Department.

Our work in International Economics is under the direction of Professors Charles P. Kindleberger and Richard M. Bissell, Jr. (who returns in June to M.I.T. from his position as Deputy Administrator of ECA). Emphasis in International economics is shared between the traditional fields of international trade and finance and that of national economic development. The training is designed to qualify the student for work in departments of government, including international institution., concerned with foreign and international economic problems. While no specialized courses are offered in the practical aspects of foreign trade, it is believed that the broad training will be regarded with increasing interest by American business concerns to aid them in the solution of their complex problems relating to foreign operations.

Instruction in Statistics, under Professor Harold Freeman, is largely centered in three areas: general theoretical statistics; probability and its foundations; modern theories of time series and prediction, particularly as applied in Economics. Some of the courses in these areas are given by the Departments of Economics and some by the Department of Mathematics. Courses are offered at elementary, intermediate, advanced and research seminar levels.

While there is ample opportunity at M.I.T. for the student interested in any one of these five fields to go as far as he wishes with his subject, there is also a common core of basic courses which the student will be expected to take in preparation for his general examinations.

We are also attempting to introduce greater realism into our program by operating a “practice school” in the summer between the first and second years of graduate study, in which we try to arrange internship experience in industry. This activity is under the guidance of Professor Paul Pigors.

For those who are going into university teaching, some pre-doctoral teaching experience will be encouraged and a considerable number of teaching fellowships will be available to students after they have completed their first year.

 

FINANCIAL ASSISTANCE TO GRADUATE STUDENTS

For the year 1950-51 we will offer up to five fellowships of $2,500, available to outstanding students in the fields mentioned above. These include the Westinghouse Educational Fellowship and the Goodyear Tire and Rubber Fellowship.

In addition, about eight fellowships and teaching scholarships will be available, ranging up to $1,600. This group includes the Clarence J. Hicks Memorial Fellowship in Industrial Relations, given by Industrial Relations Counselors, Inc., of New York.

 

REQUIREMENTS FOR ADMISSION

(a) General requirements: S.B. or A.B. degree with a good academic record from a university of recognized standing. Special emphasis will be placed on recommendations from professors or administrative officers of the college. Only students with high qualifications will be admitted.

(b) Course requirements: Three full-year college courses in social science chosen from the fields of Economics, Psychology, Sociology and History. One full-year course in college mathematics (including at least a half-year of calculus) and a full-year course in college physics are required. However, students who have had no Physics can make up this deficiency by taking a special one-semester course at the Institute. In special cases a deficiency in calculus may also be satisfied in this manner.

At the end of the second year the candidate will normally take a general examination chosen from such fields as the following: Economic Theory, Industrial economics, Economics of Innovation, Labor Economics and Labor Relations, Human Relations, Personnel administration Statistical Methods and Theory, Economic Fluctuations and Fiscal Policy, and International Economics.

Following the Institute rules the candidate for the doctor’s degree will be required to take a minor in a related filed. Possibilities include: Business Administration, History, Regional Planning, Mathematics, or any of the technical fields of specialization at the Institute in which the student is qualified to participate. Exchange arrangements between M.I.T. and Harvard University also make it possible for graduate students at either institution to take advance work at the other without extra tuition.

In addition, the candidate for the Ph.D. degree must meet the usual language and thesis requirements.

 

FURTHER INFORMATION

Those persons who are interested in learning more about the program or who wish to obtain application blanks for fellowships to aid in financing such graduate work may direct inquiries to Professor Robert L. Bishop, Department of Economics and Social Science, Massachusetts Institute of Technology, Cambridge, Massachusetts.

 

INSTRUCTING STAFF
DEPARTMENT OF ECONOMICS AND SOCIAL SCIENCE

Ralph Evans Freeman, M. A., B. Litt.
Professor of Economics; in charge of the Department

Donald Skeele Tucker, Ph.D.
Professor of Economics

William Rupert Maclaurin, D.C.S.
Professor of Economics

Norman Judson Padelford, Ph.D., LL.D.
Professor of International Relations

Paul Anthony Samuelson, Ph.D.
Professor of Economics

Richard Mervin Bissell, Jr., Ph.D.
Professor of Economics

Charles Andrew Myers, Ph.D.
Professor of Industrial Relations

Paul Pigors, Ph.D.
Associate Professor of Industrial Relations

Harold Adolph Freeman, S.B.
Associate Professor of Statistics

Charles Poor Kindleberger, Ph.D.
Associate Professor of Economics

Max Franklin Millikan, Ph.D.
Associate Professor of Economics

Alex Bavelas, Ph.D.
Associate Professor of Psychology

Robert Lyle Bishop, Ph.D.
Assistant Professor of Economics

Edgar Cary Brown, Ph.D.
Assistant Professor of Economics

Morris Albert Adelman, Ph.D.
Assistant Professor of Economics

George Pratt Shultz, Ph.D.
Assistant Professor of Industrial Relations

Robert Solow, M.A.
Assistant Professor of Statistics

Lecturer

Joseph Norbert Scanlon

Instructors

John Royston Coleman, M.A.
Stanley Martin Jacks, A.B., LL.B.
James Earnest Boyce, A.M.
Louis Cass Young, S.M.
John Lang Rawlinson, A.M.
Gilbert Koreb Krulee, S.B., M.Ed.
Roy Olton, M.A.
Herman Thomas Skofield, M.A.
Jesse Harris Proctor, Jr., M.A.

Research Associates

Robert Keen Lamb, Ph.D.
Kingman Brewster, Jr., LL.B.
Peter Robert Hofstaetter, Ph.D.

Research Assistants

William Theodore Bluhm, M.A.
Sidney Layton Smith, S.M.

Teaching Fellows

Hugh Gilbert Lovell, B.A.
Jack Dean Rogers, B.S., M.B.A.

Assistants

Ralph Haskel Bergmann, A.B.
Kenneth Alden Bohr, S.M.
Daniel Monroe Colyer, B.A.
Harold Emil Dreyer, B.S.
David Allen Eberly, S.B.
Herman Gadon, A.B.
Stuart Lee Knowlton, A.B.
Walter Sparks Measday, A.B.
Beatrice Allen Rogers, A.B., S.B.
George Joseph Strauss, B.A.

Librarian

Barbara Klingenhagen, A.B.

 _________________________

MASSACHUSETTS INSTITUTE OF TECHNOLOGY
Department of Economics and Social Science

Graduate Fellowship
1950 – 1951

 

In the year 1950-1951 M.I.T. will offer:

Up to five fellowships of $2,500 for students in the following fields:

Economic Theory
Industrial Economics
Industrial Relations
International Economics
Statistics

Up to seven fellowships with stipends up to $1,600 for specialization in these same fields.

Fellowships are available to students who wish to undertake a program of graduate work in Economics leading to the degree of doctor of philosophy. Applicants should have an A.B. or S. B. degree or anticipate the award of such a degree not later than July 1, 1950. Fellowships are awarded for one year, with possibility of renewal. They include the Westinghouse Educational Fellowship , the Goodyear Tire and Rubber Fellowship and the Clarence J. Hicks Memorial Fellowship in Industrial Relations, given by the Industrial Relations Counselors, Inc., of New York.

Fellowships are offered to those who seek career opportunities in university teaching and research, in industrial concerns in this country or abroad, in research departments of unions, and in government agencies concerned with the regulation of industry.

The Institute’s close contacts with industry, and the development within the Department of Economics and Social Science of specialized work in economic theory, the economics of innovation, industrial relations, statistics, and international economics have created a suitable environment for advanced study and research in these particular fields.

Teaching fellowships are also available; but these are normally reserved for second and third-year students.

Requests for further information or for application blanks should be addressed to Professor Robert L. Bishop, Department of Economics and Social Science, Massachusetts Institute of Technology, Cambridge, Massachusetts. Applications should be filed by March 15, 1950.

 _________________________

Source: MIT Archives. Office of the President. Records, 1930-1959. Box 77 (AC4/77), Folder 10: Economics Department 1934-49.

Image Source: MIT, Technique, 1949.