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Economists Harvard Transcript

Harvard. Application for PhD candidacy. Arthur Eli Monroe, 1915

 

The graduate school records of Arthur Eli Monroe (A.B., 1908; A.M., 1914; Ph.D., 1918) are reasonably complete, allowing us to follow the course of his graduate studies and learn some details regarding his satisfaction of the Ph.D. requirements at Harvard. He did stay at his alma mater for his entire career, with his academic high-water mark attained at the rank of assistant professor of economics from 1922-28. He was able to occupy an instructional niche as lecturer-tutor, which is pretty good considering he entered graduate school in economics after doing what he could to avoid the subject during his college years.

Tutor, 1915-1923
Instructor in Economics, 1916-22
Assistant Professor of Economics, 1922-28
Lecturer on and tutor (Kirkland House) in economics beginning in 1928 through his retirement sometime in the 1950’s.

For historians of economics Monroe’s 1924 edited volume Early Economic Thought: Selections from Economic Literature Prior to Adam Smith is a useful collection of bite-sized chunks of original texts, though current students of economics might possibly choke on Monroe’s servings.

_______________________

From Reports of the Harvard College Class of 1908

ARTHUR ELI MONROE
[1914]

After spending half a year in looking for a job, and four years and a half in working at it, I withdrew from the teaching profession, which had occupied me continuously, and strenuously at Kent School, Kent, Conn., to enter the Harvard Graduate School. Since leaving college, I had become interested in Economics. This has been the subject of my work this year, and I hope to continue it at Harvard next year. Member: Phi Beta Kappa.

Source: Harvard College, Class of 1908. Secretary’s Second Report, Sexennial Celebration, June 1914, p. 233.

*  *  *  *  *  *  *  *  *  *  *  *  *  *

ARTHUR ELI MONROE
[1918]

Born: West Brookfield, Mass., Aug. 2, 1885.
Parents: Eli Monroe, Louise Octavia Arsino.
School: High School, Brookfield, Mass.
Degrees: A.B., 1908; A.M., 1914; Ph.D., 1918.
Occupation: Teacher.
Address: 56 Thayer Hall, Cambridge, Mass.

After graduation I taught Latin and German in a boys boarding school (Kent School, Kent, Conn.), until June, 1913, when I returned to Harvard for graduate work in economics, a subject I had carefully avoided in college. The next year I was appointed assistant in economics in Harvard College, to which was later added a tutorship. In January, 1916, I went to Williams College, to substitute for Professor McLaren, remaining until the end of the college year. I have been at Harvard since then, as instructor and tutor.

Source: Harvard College, Class of 1908. Secretary’s Third Report, Decennial Report, April 1920, p. 334.

_______________________

HARVARD UNIVERSITY
DIVISION OF HISTORY, GOVERNMENT, AND ECONOMICS

Application for Candidacy for the Degree of Ph.D.

[Note: Boldface used to indicate printed text of the application; italics used to indicate the handwritten entries]

I. Full Name, with date and place of birth.

Arthur Eli Monroe. West Brookfield, Mass. Aug. 2, 1885.

II. Academic Career: (Mention, with dates inclusive, colleges or other higher institutions of learning attended; and teaching positions held.)

Harvard College, Sept. 1904 – June 1908
Harvard Graduate 
School. Arts & Sciences, Sept. 1913 –
Teacher, Latin and German, Kent School. 1909 – 1913

III. Degrees already attained. (Mention institutions and dates.)

A.B. [magna cum laude] (Harvard) 1908
A.M. (Harvard) 1914

IV. General Preparation. (Indicate briefly the range and character of your undergraduate studies in History, Economics, Government, and in such other fields as Ancient and Modern Languages, Philosophy, etc.)

French 2c, 6, 9
German A, 1a, 4, 6, H, 32b, 9
Latin B, 1, E
Greek B, E

V. Department of Study. (Do you propose to offer yourself for the Ph.D., “History,” in “Economics,” or in “Political Science”?)

Economics

VI. Choice of Subjects for the General Examination. (State briefly the nature of your preparation in each subject, as by Harvard courses, courses taken elsewhere, private reading, teaching the subject, etc., etc.)

  1. Economic Theory & Its History.
    Economics 11, 7, 14, Reading
    Assistant in Economics A
  2. Economic History since 1750.
    Economics 2a, 2b, Reading
  3. Public Finance.
    Economics 31
  4. Statistical Method & its Application.
    Economics 13
  5. History of Political Theory.
    Private Reading
  6. Special field to be a suitable portion of the field of the History of Economic Thought

VII. Special Subject for the special examination.

Some topic in the History of American Economic Thought

VIII. Thesis Subject. (State the subject and mention the instructor who knows most about your work upon it.)

Professor Bullock

IX. Examinations. (Indicate any preferences as to the time of the general and special examinations.)

General Examination, Autumn, 1915

X. Remarks

[Left blank]

Signature of a member of the Division certifying approval of the above outline of subjects.

[signed] Charles J. Bullock

*   *   *   [Last page of application] *   *   *

[Not to be filled out by the applicant]

Name: A. E. Monroe

Approved: May 28, 1915

Ability to use French certified by F. W. Taussig

Ability to use German certified by F. W. Taussig

Date of general examination 13 October 1915. Passed [per W.C.W.]

Thesis received [Left blank]

Read by [Left blank]

Approved [Left blank]

Date of special examination 20 May 1918. Passed 

Recommended for the Doctorate[left blank]

Degree conferred  [left blank]

Remarks.  [left blank]

*  *  *  *  *  *  *  *  *  *  *  *  *  *

Record of ARTHUR ELI MONROE in the Graduate School of Arts and Sciences of Harvard University

1913-14

 

Economics 2a1 [half course]
[European Industry and Commerce in the Nineteenth Century, Prof. Gay]
B
Economics 2b2 [half course]
[Economic and Financial History of the United States, Prof. Gay]
B minus
Economics 7
[Theories of Distribution and Distributive Justice, Asst. Prof. Anderson]
A
Economics 11
[Economic Theory, Prof. Taussig]
A
Economics 31
[Public Finance, Prof. Bullock]
A
1914-15
Economics 13
[Statistics: Theory, Method, and Practice, Asst. Prof. Day]
A
Economics 14
[History and Literature of Economics to the year 1848, Prof. Bullock]
A
1915-16
Economics 20e (2 co. [courses?])
[Economic Research (American Taxation and Finance; History of Economic Thought, Prof. Bullock]
AA
1916-17
Economics 20e (2 co.) [courses?])
[Economic Research (American Taxation and Finance; History of Economic Thought, Prof. Bullock]
AA
1917-18
Economics 20
[Economic Research (for Ph.D. candidates)]
A

Note: A transcript can also be found in Harvard University Archives, Graduate School of Arts and Sciences. Record Cards of Students, 1895-1930, Marks—Neville (UAV 161.2722.5). File I, Box 10, Record Card of Arthur Eli Monroe.

*  *  *  *  *  *  *  *  *  *  *  *  *  *

Certification of reading knowledge of French and German

HARVARD UNIVERSITY
Department of Economics

F. W. Taussig
T. N. Carver
W. Z. Ripley
C. J. Bullock
E. F. Gay
W. M. Cole
O. M. W. Sprague
E. E. Day
B. M. Anderson, Jr.
H. L. Gray

Cambridge, Massachusetts
April 28, 1915.

Dear Haskins:

I hereby certify that A. E. Monroe has reading knowledge of French and German such as is required for the Ph.D. degree.

Sincerely yours,
[signed] F. W. Taussig

Dean C. H. Haskins

*  *  *  *  *  *  *  *  *  *  *  *  *  *

Approval of Ph.D. Plan of Study
[Carbon copy]

4 June 1915

Dear Mr. Monroe:

At a meeting on May 28 the Division of History, Government, and Economics voted to approve your plan of study for your degree of Doctor of Philosophy.

Very truly yours,
[unsigned]

Mr. A. E. Monroe

*  *  *  *  *  *  *  *  *  *  *  *  *  *

Committee named for the General Exam
[Carbon copy]

[Note: identical copies were sent to Professors Gay, Taussig, Day, Holcombe]

4 October 1915.

Dear Professor Bullock:

Will you kindly serve as one of the committee for the General Examination in Economics of Arthur E. Munroe, Wednesday, October 13, at 4 P. M.? The committee consists of Professors Bullock (Chairman), Taussig, Gay, Day, and Holcombe.

Mr. Muroe’s subjects are: Economic Theory and Its History, Economic History since 1750, Public Finance, Statistical Method and its Application, History of Political Theory, and a special field to be a suitable portion of the field of the History of Economic Thought.

Mr. Munroe has decided upon Public Finance and Statistics. Will you kindly see that the papers are set and the written examination held a reasonable time in advance of the oral?

Very sincerely yours,
[unsigned]

Professor C. J. Bullock.

*  *  *  *  *  *  *  *  *  *  *  *  *  *

Time and Place of General Exam
[Carbon copy]

9 October 1915

My dear Mr. Monroe:

Your examination, Wednesday, October 13, will be held in Widener U at 4 P.M.

Yours very truly,
[initials of Dean Haskins added]
C. H. H.

Mr. A. E. Monroe

*  *  *  *  *  *  *  *  *  *  *  *  *  *

Passed General Exam

HARVARD UNIVERSITY
Department of Economics

F. W. Taussig
T. N. Carver
W. Z. Ripley
C. J. Bullock
E. F. Gay
W. M. Cole
O. M. W. Sprague
E. E. Day
B. M. Anderson, Jr.

Cambridge, Massachusetts
October 14, 1915.

My dear Haskins:

Mr. A. E. Monroe passed his general examination for the doctor’s degree in Economics on October 18th. He passed creditably in all subjects except History of Political Theory, in which his examination was not satisfactory; but the instructor thought should not stand in his way if the other subjects were good.
His written examinations in Public Finance and Statistics were of A quality, and his oral examination in the other economic subjects was thoroly satisfactory.

Sincerely yours,
[signed] Charles J. Bullock

Dean C. H. Haskins.

*  *  *  *  *  *  *  *  *  *  *  *  *  *

Special Exam Field
[carbon copy]

25 January 1917

Dear Mr. Monroe:
At its meeting last Tuesday the Division of History, Government, and Economics voted to approve, as your special field, the History of Economic Thought to 1776, with special reference to the period subsequent to 1500.

Sincerely yours,
[unsigned copy]

*  *  *  *  *  *  *  *  *  *  *  *  *  *

Passed Special Exam

HARVARD UNIVERSITY
Department of Economics

F. W. Taussig
T. N. Carver
W. Z. Ripley
C. J. Bullock
E. F. Gay
W. M. Cole
O. M. W. Sprague
E. E. Day
B. M. Anderson, Jr.
J. S. Davis
H. H. Burbank

Cambridge, Massachusetts
May 21, 1918.

My dear Haskins:

I wish to report that yesterday Mr. A. E. Monroe passed his special examination for the degree of Doctor of Philosophy. Mr. Monroe passed an unusually good examination which was from every point of view thoroly satisfactory.

Sincerely yours,
[signed] Charles J. Bullock

Dean C. H. Haskins

Source: Harvard University Archives. Division of History, Government, and Economics. Ph.D. exams and records of candidates, study plans, lists, etc. pre-1911-1942. Box 3. Folder “Ph.D. Applications.”

_______________________

Ph.D. Dissertation

Arthur Eli Monroe’s 1918 Ph.D. thesis “The Theory of Money before 1776” was revised and published as Monetary theory before Adam Smith as number 25 of the Harvard Economic Studies (1923).

Image Source: At least as early as 1923, this portrait of Arthur Eli Monroe is found in the Harvard Class Albums. This portrait clipped from the 1925 Class Album and colorized by Economics in the Rear-view Mirror.

Categories
Exam Questions Harvard

Harvard. Exam questions for Medieval and Modern Economic History of Europe. Gay, 1905-1906

For most of the twentieth century you didn’t have a full and complete economics department without significant course offerings in economic history. Needless to say, Harvard has had a full and complete economics department. 

This post contributes an incremental addition to the collection of economics exams with those from Edwin Francis Gay’s European economic history courses at Harvard in 1905-06.

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Related posts

A brief course description for Economics 11 plus the exams from 1902-03.

Exams for 1903-04.

Exams for 1904-05.

A short bibliography for “serious students” of economic history assembled by Gay and published in 1910 has also been posted.

Gay and Usher’s economic history exams from 1930 through 1949.

__________________________

Mediaeval Economic History of Europe.

Course Enrollment
1905-06

Economics 10 1hf. Asst. Professor Gay. — Mediaeval Economic History of Europe.

Total 8: 6 Graduates, 1 Senior, 1 Junior.

Source: Harvard University. Report of the President of Harvard College, 1905-190 6, p. 72.

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ECONOMICS 101
Final Examination
Mid-year 1905-06
  1. Explain briefly:—
    1. gwely.
    2. liti.
    3. molmen.
    4. formariage.
    5. lettre de foire.
    6. mercator.
    7. commenda.
    8. contractus trinius.
    9. droit d’amortissement, droit de régale.
    10. tunnage and poundage.
  2. Outline the estate organization prescribed by the Capitulare de Villis.
  3. “It seems to be almost certain that the ‘hams’ and ‘tuns’ (of England) were, generally speaking, and for the most part from the first, practically manors with communities in serfdom upon them.” Whose view is this? State succinctly the chief arguments for and against.
  4. Enumerate the chief franchises and privileges of a fair. What was the jus fori?

Take one of the following questions:

  1. What were the provisions of the Law Merchant in regard to sales and contracts?
  2. What is the significance of the following passages:—
    1. “ne alienigene opus suum operatum ad forum non deferant, nisi cum omnium eorum voluntate qui juri illo quod inninge appellatur participes existunt.” (Privilege to Magdeburg shoemakers, end of the twelfth century.)
    2. “quod nullus textor potest vel debet in aliqua civitate nullo etiam tempore, ubi non habet consortium mercatorum quod vulgariter ignige appellatur, pannos incidere.” (Halberstadt, 1291.)
    3. “Si aliquis alienus vult societatem pistorum, quod Innunge dicitur, ille dabit duas marcas et due partes spectabunt ad civitatem, una pars ad pistores.” (Neumarkt, 1235.)

Source: Harvard University Archives. Harvard University. Mid-year Examinations, 1852-1943. Box 7, Bound Volume: Examination Papers, Mid-Years 1905-06. Also a copy in Harvard University, Examination Papers 1873-1915. Box 8, Bound volume: Examination Papers, 1906-07; Papers Set for Final Examinations in History, Government, Economics,…,Music in Harvard College (June, 1906), pp. 35-36. 

________________________

Modern Economic History of Europe

Course Enrollment
Economics 11
1905-06

Economics 11. Asst. Professor Gay. — Modern Economic History of Europe.

Total 10: 8 Graduates, 2 Seniors.

Source: Harvard University. Report of the President of Harvard College, 1905-1906, p. 72.

*  *  *  *  *  *  *  *  *  *  *  *  *  *  *

ECONOMICS 11
Mid-year Examination, 1905-06
  1. Explain briefly:—
    1. purveyance.
    2. staple.
    3. copyhold.
    4. Leibzins.
    5. mainmorte.
    6. mesta.
  2. What were the chief factors in the emancipation of the serf? Compare the history of the movement in England with that in Germany.
  3. The craft gild:
    1. What in general was its object and policy?
    2. What, during the sixteenth century, was the attitude of the national government to the craft gilds in England and in France?
    3. What was the Statute of Artificers?
  4. Outline the history of the trade relations between England and northern Europe during the fifteenth and sixteenth centuries, stating the chief facts connected with the decline of the Hanseatic position in England and the rise of the Merchant Adventurers.
  5. Describe succinctly the price movement of the sixteenth century, its extent, character, causes, and results.

Source: Harvard University Archives. Harvard University. Mid-year Examinations, 1852-1943. Box 7, Bound Volume: Examination Papers, Mid-Years 1905-06.

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ECONOMICS 11
Year-end Examination, 1905-06
  1. State briefly the place in English economic history of Gresham, Burleigh, Cromwell, Paterson, Walpole, Bakewell, Arkwright, the younger Pitt.
  2. [Wages]
    1. Describe, stating causes, the growth of the wage-earning class in England.
    2. Summarize the history and results of wage regulation by public authority.
    3. The average daily wage of an English artisan at the close of the sixteenth century was about one shilling. How would you determine the modern equivalent in purchasing power? What other factors should be considered in a comparison of conditions?
  3. Compare the commerce of England with that of France in the eighteenth century. Can the comparative magnitude be statistically measured? If so, with what result? If not, why not?
  4. Why did the Industrial Revolution take place in England in the latter part of the eighteenth century? What facts of English agricultural history bear upon this question?
  5. Describe the transitions in industrial organization leading up to the domestic system, to the factory system.

Source: Harvard University Archives. Harvard University, Examination Papers 1873-1915. Box 8, Bound volume: Examination Papers, 1906-07; Papers Set for Final Examinations in History, Government, Economics,…,Music in Harvard College (June, 1906), pp. 36-37.

Image Source: Image of a page from the Statute of Artificers  in Vimala C. Pasupathi, Shall Strangers Rule the Roast? Migration and Displacement in Sir Thomas More (1600).

Categories
Exam Questions Harvard Labor

Harvard. Report assignments and final exam for Problems of Labor. Ripley et al., 1905-1906

Professor William Zebina Ripley’s courses at Harvard ranged from economic and social statistics, through transportation economics, industrial organization and regulation, and (as we see in this post) labor economics/industrial relations. Besides the enrollment figures and the final exam questions for the course, we were able to fish copies of the report assignments for 1905-06 from the Harvard archives. This course material has been transcribed and can be found below.

Fun fact: the teaching assistant Mr. Houghton can be identified as William Morris Houghton who received an A.M. from Harvard in 1904 and went off to work as a writer for the New York Herald Tribune, first as a reporter/feature writer and then as an editorial writer (and was included in the 35th anniversary of the Yale Class of 1904 as a member of the class who did not graduate from Yale).

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Other Labor Related Posts
for William Z. Ripley

Problems of Labor and Industrial Organization, 1902-1903.

Problems of Labor, 1903-1904.

Problems of Labor, 1904-05.

Short Bibliography of Trade Unionism, 1910.

Short Bibliography of Strikes and Boycotts, 1910.

Trade Unionism and Allied Problems, 1914-1915.

Problems of Labor, 1931.

__________________________

Course Enrollment

Economics 9a 1hf. Professor [William Zebina] Ripley, assisted by Messrs. [Vanderveer] Custis and [William Morris] Houghton. — Problems of Labor.

Total 96: 7 Graduates, 23 Seniors, 42 Juniors, 17 Sophomores, 7 Others.

Source: Harvard University. Report of the President of Harvard College, 1905-1906, p. 72.

__________________________

HARVARD UNIVERSITY

ECONOMICS 9a

ASSIGNMENT OF REPORTS

Group A

            Students will report upon the comparative conditions respecting Trade Union organization, functions, and efficiency in corresponding industries in the United States and Great Britain. The particular industry assigned to each man is indicated by a number on the enrolment slip, which refers to the Trade Union number on the appended list of National Labor Organizations.

Group B

            Students will report upon the comparative efficiency of Trade Union organization in two distinct lines of industry in the United States. Numbers against the names on the enrolment slip refer to the numbered Trade Union list, appended hereto.

Group C

            Students will report upon the nature of Trade Union organization in two distinct lines of industry in Great Britain. Names on the enrolment slip as numbered refer to the industries concerned in the appended list of Trade Unions.

          → The letters preceding the assignment number against the student’s name refer to the group in which the report is to be made. Thus, for example: “98 A” on the enrolment slip indicates that the student is to report upon the Cotton Spinners’ Unions in the United States and Great Britain; “9 & 98 B,” that a comparison of the Spinners’ and of the Boot and Shoe Workers’ Organizations in the United States is expected; while “9 & 98 C” calls for the same comparison for the two industries in Great Britain.

NATIONAL LABOR ORGANIZATIONS
IN THE UNITED STATES

*Indicates that the Trade Union journal is in the Library. [Loeb Fund.]

† Reference to Reports, U.S. Industrial Commission, is given within parentheses.

*The KNIGHTS OF LABOR
*THE AMERICAN FEDERATION OF LABOR

  1. Actors’ International Union.
  2. Asbestos Workers of America.
  3. Bakery and Confectionery Workers.
  4. Barbers’ International Union.
  5. Bill Posters and Billers of America.
  6. International Brotherhood of Blacksmiths.
  7. *Boiler Makers and Iron Ship Builders of America.
  8. International Brotherhood of Bookbinders.
  9. Boot and Shoe Workers’ Union. († VII, 356; XIV, 333.)
  10. United Brewery Workmen.
  11. *Brick, Tile and Terra Cotta Workers’ Alliance.
  12. Bridge and Structural Iron Workers.
  13. Broom and Whisk Makers’ Union.
  14. Brushmakers’ International Union.
  15. *United Brotherhood of Carpenters and Joiners of America.
  16. Amalgamated Society of Carpenters and Joiners.
  17. International Carriage and Wagon Workers.
  18. International Wood Carvers’ Association.
  19. International Association of Car Workers.
  20. Brotherhood of Cement Workers.
  21. Chainmakers’ National Union.
  22. *Cigarmakers’ International Union. († VII, 257, 715.)
  23. Retail Clerks’ International Protective Association.
  24. United Cloth Hat and Cap Makers.
  25. Commercial Telegraphers’ Union of America.
  26. International Compressed Air Workers’ Union.
  27. Coopers’ International Union.
  28. Amalgamated Lace Curtain Operatives.
  29. International Union of Cutting Die and Cutter Makers.
  30. International Union of Electrical Workers. († VII, 375.)
  31. International Union of Elevator Constructors.
  32. International Union of Steam Engineers.
  33. International Association of Watch Case Engravers.
  34. International Brotherhood of Stationary Firemen.
  35. International Association of Steam and Hot Water Fitters and Helpers. († VII, 964.)
  36. International Union of Flour and Cereal Mill Employes.
  37. International Brotherhood of Foundry Employes.
  38. International Union of Interior Freight Handlers and Warehousemen.
  39. International Association of Fur Workers.
  40. United Garment Workers of America. († VII, 182.)
  41. International Ladies’ Garment Workers’ Union.
  42. Glass Bottle Blowers’ Association. († VII, 102, 920.)
  43. *Glass Workers’ International Association.
  44. International Glove Workers’ Union.
  45. *Granite Cutters’ International Association. († XIV, 422.)
  46. Pocket Knife Blade Grinders’ and Finishers’ National Union.
  47. Table Knife Grinders’ National Union.
  48. United Hatters of North America.
  49. Hod Carriers and Building Laborers’ Union.
  50. International Union of Journeymen Horse-Shoers.
  51. Hotel and Restaurant Employes’ International Alliance and Bartenders’ International League.
  52. Iron, Steel and Tin Workers. († VII, 84.)
  53. International Jewelry Workers’ Union.
  54. International Union of Wood, Wire, and Metal Lathers.
  55. International Union of Shirt, Waist, and Laundry Workers.
  56. United Brotherhood of Leather Workers on Horse Goods.
  57. Amalgamated Leather Workers’ Union.
  58. International Protective and Beneficial Association of Lithographers.
  59. International Protective Association of Lithographic Press Feeders.
  60. International Longshoremen’s Association.
  61. National Association of Machine Printers and Color Mixers.
  62. *International Association of Machinists.
  63. International Brotherhood of Maintenance of Way Employes.
  64. International Association of Marble Workers.
  65. *Meat Cutters and Butcher Workmen.
  66. International Union of Metal Polishers, Buffers, Platers, and Brass Workers.
  67. International Alliance of Amalgamated Sheet Metal Workers.
  68. *United Mine Workers.
  69. International Molders’ Union.
  70. American Federation of Musicians.
  71. Brotherhood of Painters, Decorators and Paper Hangers.
  72. United Brotherhood of Paper Makers.
  73. Pattern Makers’ League.
  74. International Union of Pavers, Rammermen, Flag Layers, Bridge and Stone Curb Setters.
  75. Paving Cutters’ Union.
  76. International Photo-Engravers’ Union.
  77. *International Piano and Organ Workers’ Union.
  78. International Steel and Copper Plate Printers’ Union.
  79. International Association of Operative Plasterers.
  80. United Association of Plumbers, Gas Fitters, Steam Fitters, and Steam Fitters’ Helpers.
  81. National Federation of Post Office Clerks.
  82. National Brotherhood of Operative Potters. († XIV, 636, 643.)
  83. United Powder and High Explosive Workers.
  84. National Print Cutters’ Association.
  85. International Printing Pressmen’s Union.
  86. International Brotherhood of Pulp, Sulphite and Paper Mill Workers.
  87. Quarry Workers’ International Union.
  88. *Order of Railroad Telegraphers. († XVII, 821.)
  89. Brotherhood of Railway Clerks.
  90. Amalgamated Association of Street and Electric Railway Employes. († VII, 205.)
  91. International Brotherhood of Roofers, Composition, Damp and Waterproof Workers.
  92. Saw Smiths’ National Union.
  93. *International Seamen’s Union.
  94. International Shingle Weavers’ Union.
  95. International Union of Shipwrights’ Joiners and Caulkers.
  96. International Slate and Tile Roofers’ Union.
  97. International Union of Slate Workers.
  98. Spinners’ International Union. († XIV, 564, 573, 581.)
  99. Theatrical Stage Employes’ International Alliance.
  100. The Steel Plate Transferers’ Association.
  101. International Stereotypers and Electrotypers’ Union.
  102. Stone Cutters’ Association. († VII, 201.)
  103. Stove Mounters’ International Union. († VII, 860.)
  104. Switchmen’s Union of North America.
  105. *Journeymen Tailors’ Union.
  106. International Brotherhood of Teamsters.
  107. United Textile Workers. († VII, 343.)
  108. International Ceramic, Mosaic and Encaustic Tile Layers and Helpers’ Union.
  109. Tin Plate Workers’ Protective Association.
  110. International Brotherhood of Tip Printers.
  111. *Tobacco Workers’ International Union.
  112. International Union of Travellers’ Goods and Leather Novelty Workers.
  113. *International Typographical Union. († VII, 268.)
  114. Upholsterers’ International Union.
  115. Elastic Goring Weavers’ Amalgamated Association.
  116. American Wire Weavers’ Protective Association.
  117. International Brotherhood of Woodsmen and Saw Mill Workers.
  118. International Union of Amalgamated Wood Workers.
  119. *Brotherhood of Locomotive Engineers. († XVII, 821.)
  120. *Order of Railway Conductors of America. († XVII, 821.)
  121. *Brotherhood of Locomotive Firemen. († XVII, 821.)
  122. Brotherhood of Railroad Trainmen. († XVII, 821.)
  123. Brotherhood of Railway Trackmen.

            The constitutions of most of the Trades Unions for the United States will be found in Vol. XVII, Reports, U. S. Industrial Commission. Similar data for Great Britain is in the Appendix to “Foreign Reports, Vols. 1-2,” Royal Commission on Labour, pp. 15-324. [Volume I, United States; Volume II, Colonies and Indian Empire] [Both reserved in Gore Hall.] For early history of British Unions consult Reports, Royal Commission on Organization and Rules of Trades Unions, 1867-69; Parl. Papers, 1867, Vol. XXXII; 1867-68, Vol. XXXIX; 1868-69, Vol. XXXI. The Annual Report on Trade Unions by the Labour Department of the Board of Trade also contains up-to-date material on English conditions. Additional evidence as to labor conditions in each industry will be found in Vols. VIIVIIIXIIXIV, and XVII, U. S. Industrial Commission (consult Digest and Index in each volume); in the 11th Special Report, U.S. Bureau of Labor, on Restriction of Output; in the annual reports of the state bureaus of labor of New York, New Jersey, Massachusetts, etc. [See index under Unions in Special Index published by the U.S. Department of Labor; and in the Reports of the British Royal Commission.] The student should also consult Charles Booth’s Life and Labor of the People;

[(Original) Volume I, East London; (Original) Volume II, London; (Original) Appendix to Volume II; Note: the previous three original volumes were re-printed as four volumes that then were followed by Volume V, Population Classified by Trades; Volume VI, Population Classified by Trades (cont.); Volume VII, Population Classified by Trades; Volume VIII, Population Classified by Trades (cont.); Volume IX, Comparisons, Survey and Conclusions];

Webbs’, Industrial Democracy and History of Trade Unionism; and other books reserved in Gore Hall.

            Data respecting the various unions among railroad employees in the United States will be found in a separate section on Railway Labor, in Vol. XVII, U. S. Industrial Commission: as also in Vols. IV and IX. (See Digests and Indexes.)

            In cases where the American Trade Union journal is not in the library, the student will be expected to procure at least one copy from the Secretary of the Union. [See list of post office addresses posted with the enrolment slip.] These are to be filed with the report.

→ Exact references by title, volume and page must be given in foot-notes for all facts cited. This condition is absolutely imperative. Failure to comply with it will vitiate the entire report.

Source: Harvard University Archives. Syllabi, course outlines and reading lists in Economics, 1895-2003, Box 1, Folder “Economics, 1905-1906”.

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HARVARD UNIVERSITY

ECONOMICS 9a

ASSIGNMENT OF REPORTS

            → Exact references by title, volume and page must be given in footnotes for all facts cited. This condition is absolutely imperative. Without such foot-notes the report will be rejected. General references listed separately are of no value.

Group F

            Students will prepare a connected and logical statement of the course of a labor dispute, as indicated by number on the appended list. The particular year being given in this reference, proceed at first to fix the date of beginning and close of the contest. Poole’s Index of Periodicals should be carefully searched for references. Note, however, that the more serious studies do not appear until a year or two after the event. A Select List of Books (and periodicals) on Strikes, published by the Library of Congress in 1903, may conveniently be used. The World Almanac often contains data worthy of consideration. Rely upon the Economic journals, where possible, but always seek many different authorities. The various reports of state Bureaus of Labor, which might take cognizance of the strike, should also be examined. Newspapers, to be found at the Boston Public Library, are useful; but statements therein should be carefully weighed. Clearly distinguish among other things: the cause of the strike; the policy of workmen and employers in its conduct; legal processes invoked; and the results to both parties. Summarize your conclusions succinctly at the end.

  1. Pennsylvania Railroad, 1877.
  2. Chicago Printers, 1880.
  3. Railway Telegraphers, 1883.
  4. Southwestern Railways, 1886.
  5. Anthracite Coal Miners, 1887-88.
  6. Homestead Strike, 1890.
  7. Spring Valley, 1890.
  8. Chicago, Burlington & Quincy Railroad, 1891.
  9. Cripple Creek, 1893.
  10. Anthracite Coal Miners, 1893-94.
  11. Northern Pacific Railway, 1894.
  12. Pullman Strike, 1894.
  13. The Army of the Commonweal, 1894.
  14. New York Tailors, 1895.
  15. Bituminous Coal Miners, 1897.
  16. Marlboro, Mass., 1898-99.
  17. Chicago Building Trades, 1900.
  18. New York Cigar Makers, 1900.
  19. Anthracite Coal Workers, 1900.
  20. Steel Workers, 1901.
  21. Louis Street Railway, 1901.
  22. Boston Teamsters, 1901.
  23. Machinists Strike, 1901.
  24. Anthracite Coal Miners, 1902.
  25. Boston Brewery Workmen, 1902.
  26. Pawtucket Weavers, 1902.
  27. New York Building Trades, 1903.
  28. Colorado Miners, 1903-04.
  29. New York Garment Workers, 1903-04.
  30. New York Subway, 1904-05.
  31. Fall River Cotton Mills, 1904-05.
  32. Chicago Butchers, 1904

[Note: nothing listed between items 32 and 51]

  1. London Docks, 1889.
  2. Scottish Railways, 1891.
  3. English Coal Miners, 1893.
  4. Lancashire Cotton Mills, 1900.
  5. English Coal Miners, 1901.
  6. French Coal Miners [Carmaux], 1902.

Source: Harvard University Archives. Syllabi, course outlines and reading lists in Economics, 1895-2003, Box 1, Folder “Economics, 1905-1906”.

__________________________

ECONOMICS 9a
Final Examination, 1905-06

  1. Criticise Compulsory Insurance Acts from the distinct points of view of (1) thrift, (2) efficiency, and (3) morality, stating the nature of the evidence in each case.
  2. In what domains of social legislation are the following countries more advanced than the United States: (a) Great Britain, (b) the colony of Victoria, (c) the colony of New Zealand, (d) Germany? In what branches of such legislation does the United States surpass Buropean countries? [Answer by merely naming, without descriptive matter.]
  3. How do the Australian colonies deal with the non-union man in their labor laws?
  4. Defend the Minimum Wage policy from the workman’s point of view, and state the employers’ objections thereto.
  5. In what kinds of social legislation is the Federal character of our government a serious bar to experimentation? Show clearly the reasons why.
  6. What policies in the matter of apprenticeship on the part of employers do the trades unions seek to thwart by their rules on the subject?
  7. How does an injunction differ from an ordinary rule at law; and why is it so commonly used in labor disputes?
  8. What is a Federal Union as distinct from a Trade Union?

Source: Harvard University Archives. Harvard University, Examination Papers 1873-1915. Box 8, Bound volume: Examination Papers, 1906-07Papers Set for Final Examinations in History, Government, Economics,…,Music in Harvard College (June, 1906), p. 35.

Image Source: Four strikers of the Ladies Tailors union on the picket line during the “Uprising of the 20,000”. Photo dated February 1910. Strike ran from November 1909 to March 1910. From the George Grantham Bain Collection, Library of Congress.

Categories
Economics Programs Wisconsin

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

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

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

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Research Tip

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

__________________

University of Wisconsin
1904-1905

POLITICAL ECONOMY, POLITICAL SCIENCE, AND HISTORY.

Contents

Staff of Instruction
General Statement

Outline of Courses:

Political Economy
Political Science
History

Special Training Courses:

Statistics
Practical Sociology
Public Service
Journalism

__________________

Staff of Instruction.

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

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

__________________

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

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

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

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

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

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

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

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

__________________

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

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

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

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

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

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

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

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

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

__________________

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

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

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

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

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

__________________

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

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

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

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

__________________

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

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

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

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

__________________

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

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

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

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

__________________

General Statement.

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

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

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

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

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

Libraries.

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

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

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

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

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

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

Graduate Work.

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

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

                  Any one of the following may constitute a minor:

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

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

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

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

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

__________________

OUTLINE OF COURSES.

Department of Political Economy.

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

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

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

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

Primarily for Undergraduates.

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

For Graduates and Undergraduates.

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

Primarily for Graduates.

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

__________________

Department of Political Science.

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

Arrangement of Courses.

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

Primarily for Undergraduates.

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

For Undergraduates and Graduates.

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

Primarily for Graduates.*

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

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

__________________

Department of History.

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

Arrangement of Courses.

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

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

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

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

History Major.

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

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

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

For Undergraduates.

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

For Undergraduates and Graduates.

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

For Graduates.

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

Special Lectures.

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

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

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

Summer Courses.

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

__________________

Special Training Courses.

Statistics, Practical Sociology, Public Service
and Journalism.

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

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

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

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

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

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

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

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

__________________

The Course in Statistics.

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

Junior.

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

Senior.

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

Graduate.

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

__________________

The Course in Practical Sociology.

Junior.

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

Senior.

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

Graduate.

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

__________________

The Course in Preparation for Public Service.

Junior.

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

Senior.

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

Graduate.

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

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

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

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

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

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

__________________

The Course in Preparation for Journalism.

Junior.

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

Senior.

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

Graduate.

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

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

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

Categories
Exam Questions Harvard Money and Banking

Harvard. Exams for Money and Banking. Andrew, 1905-1906

 

The financial Panic of 1907 was still a few years down the historical road when A. Piatt Andrew picked up the banking semester of the two semester sequence of money and banking at Harvard from O. M. W. Sprague who had left for Japan. This expanded scope in matters monetary no doubt came in handy when Andrew joined the staff of the National Monetary Commission established by Congress in 1908.

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Previous course materials
Money and Banking 

1900-01 (Meyer and Sprague)
1901-02 (Andrew, Sprague, Meyer)
1902-03 (Andrew’s money exam, Sprague’s banking exam)
1903-04 (Andrew and Sprague)
1904-05 (Andrew’s money exam, Sprague’s banking exam)

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Course Enrollment
1905-06

Economics 8a 1hf. Asst. Professor Andrew. — Money. A general survey of currency legislation, experience, and theory in recent times.

Total 50: 5 Graduates, 7 Seniors, 22 Juniors, 10 Sophomores, 1 Freshman, 5 Others.

Source: Harvard University. Report of the President of Harvard College, 1905-1906, p. 72.

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ECONOMICS 8a
Mid-year Examination, 1905-06

  1. Explain and give illustrations of
    1. the double standard;
    2. the parallel standard;
    3. the limping standard;
    4. the single standard;
    5. quasi-redemption;
    6. forced circulation.
  2. State briefly the circumstances which led to the issue and withdrawal of the American trade dollar.
  3. Trace briefly the chronology of the adoption of the gold standard throughout the world. To what extent is the fall in price of silver due to this movement? To what extent has the value of gold been affected by it?
  4. How would the adoption of international bimetallism to-day at the ratio of 32 to 1 affect (a) the circulating medium, (b) the standard of value of different countries? Consider both the immediate and the eventual results.
  5. What arguments advanced in favor of bimetallism ten years ago are inapplicable to-day?
  6. Is there any peculiar significance for the “quantity theory”
    1. of British India between 1893 and 1898;
    2. of Austria between 1878 and 1892;
    3. of Russia between 1878 and 1896;
    4. of Holland between 1873 and 1875.
      When possible give variant opinions.
  7. Would an ideal monetary standard always measure the same quantity of goods?
    1. According to Walker?
    2. According to Darwin?
    3. According to your own opinion?
      Answer both from the points of view of production and distribution.
  8. “Inasmuch as gold (before 1848) was more valuable on the world’s market than at the French mint, relatively to silver, it was impossible that gold should circulate in France.” Is this a necessary conclusion?

Source: Harvard University Archives. Harvard University. Mid-year Examinations, 1852-1943. Box 7, Bound Volume: Examination Papers, Mid-Years 1905-06. Also a copy in Harvard University, Examination Papers 1873-1915. Box 8, Bound volume: Examination Papers, 1906-07; Papers Set for Final Examinations in History, Government, Economics,…,Music in Harvard College (June, 1906), p. 33.

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Course Enrollment
1905-06

Economics 8b 2hf. Asst. Professor Andrew. — Banking and the History of the leading Banking Systems.

Total 105: 7 Graduates, 12 Seniors, 56 Juniors, 22 Sophomores, 1 Freshman, 7 Others.

Source: Harvard University. Report of the President of Harvard College, 1905-1906, p. 72.

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ECONOMICS 8b
Year-end Examination, 1905-06

  1. Explain the system of “cash credits” and the importance of the £1 note in Scotland.
  2. Discuss the following:—
    1. Bank statement based on falling averages.
    2. Five per cent fund with treasurer.
    3. Bonds for circulation.
    4. Bonds for deposits.
  3. Sketch briefly the various stages in the American government’s policy of caring for its funds.
  4. How do state banks compare with national banks in the United States to-day (a) in number, (b) in size, (c) in the kinds of business done? What differences in these regards appear in different parts of the country?
  5. On what grounds is an extension of branch-banking advocated in the United States? What are the objections raised? To what extent does it already exist?
  6. Explain the ways and trace the seasons in which the New York bank reserves are apt to decline. Discuss the means which have recently been employed by the government to strengthen them.
  7. Sight exchange is quoted at 4.8550; 60-day bills at 4.8240; commercial bills at 4.8212. Explain these differences and show how each quotation will be affected, if the Bank of England raises its rate by 1%.
  8. The following are abstracted statements of the New York Associated Banks:
(1)
Aug. 5, ’93
(2)
Feb. 3, ’94
(3)
May 20, ’99
(4)
May 23, ’03
Loans 409 420 763 923
Deposits 373 552 902 914
Capital 129 133 134 224
Circulation 6 13 16 44
Reserve 79 250 260 238

Compare 1 with 2, and 3 with 4, explaining in each case the changes in the relations (a) between loans and deposits, (b) between deposits and reserve.

Source: Harvard University Archives. Harvard University, Examination Papers 1873-1915. Box 8, Bound volume: Examination Papers, 1906-07; Papers Set for Final Examinations in History, Government, Economics,…,Music in Harvard College (June, 1906),  p. 34.

Image Source: Picture of Abram Piatt Andrew from ca. 1909 used in a magazine article on his appointment to the directorship of the U. S. Mint. Hoover Institution Archives. A. Piatt Andrew Papers, Box 51. Retouched and colorized by Economics in the Rear-View Mirror.

Categories
Exam Questions Harvard Public Finance

Harvard. Exam for undergraduate public finance. Bullock, 1905-1906

Charles Jesse Bullock compressed his two semester public finance sequence at Harvard that was pitched to graduates and advanced undergraduates in 1904-05 into a single semester for undergraduates in the following academic year. This compression and “dumbing down” [?] resulted in a significant increase in enrollment. Who knows, maybe he even lowered the curve for grading?

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Exams from the two semester sequence in public finance (1904-05)

1904-05. Introduction to Public Finance (post includes two obituaries for Bullock)

1904-05. Theory and Methods of Taxation

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Course Enrollment
1905-06

Economics 7 2hf. Asst. Professor Bullock. — Public Finance considered with special reference to the Theory and Methods of Taxation.

Total 137: 13 Seniors, 54 Juniors, 55 Sophomores, 4 Freshman, 11 Others.

Source: Harvard University. Report of the President of Harvard College, 1905-1906, p. 72.

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ECONOMICS 7
Year-end Examination, 1905-06

  1. Discuss the history of federal expenditures in the United States since 1860.
  2. Discuss the past and the present policy of the United States with respect to its public lands.
  3. Give an account of the present status of the municipal ownership movement in the United States.
  4. Discuss the proposition that income is the normal source of taxation.
  5. What is your opinion concerning the justice of progressive taxation?
  6. What was decided in the income tax decisions of 1895?
  7. Give a detailed account of the present method of taxing personal property in Massachusetts.
  8. Compare the general corporation tax of Massachusetts with that of Pennsylvania.
  9. Write an account of the present status of the inheritance tax in the American commonwealths.
  10. Write a history of federal taxation in the United States from 1789 to the present day.

Source: Harvard University Archives. Harvard University, Examination Papers 1873-1915. Box 8, Bound volume: Examination Papers, 1906-07; Papers Set for Final Examinations in History, Government, Economics,…,Music in Harvard College (June, 1906), p. 32.

Image Source: Illustration by Louis M. Glackens in Puck, April 8, 1908. Library of Congress Prints and Photographs Division Washington, D.C. http://hdl.loc.gov/loc.pnp/ppmsca.26261

Categories
Chicago Economics Programs

Chicago. Program of Political Economy. Thick course descriptions. 1904-1905

Broschures that advertise economics departments are often useful summaries of the “order of battle” for their educational and research missions. The Chicago Department of Political Economy was about a dozen years in business when this programme, transcribed below, was published. The course descriptions are somewhat thicker than are typically found in full university catalogs that must share space for the many divisions and schools that constitute the larger institution. 

Incidentally, the copy of the printed programme that was transcribed for this post was found in an archival box of material dealing with graduate studies in the Division of History, Government, and Economics at Harvard University. Then as now, prudence demands keeping an eye on your competition. 

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Related Posts on the Early Years
of the Department of Political Economy
of the University of Chicago

First detailed announcement of Political Economy program at the University of Chicago, 1892.

General Regulations for the degree of Ph.D. at the University of Chicago, 1903.

Twenty-Fifth Anniversary of the Department of Political Economy, 1916.

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CONSPECTUS OF COURSES,
1904-1905.
POLITICAL ECONOMY.

All courses are Mj [major] unless otherwise indicated.

SUMMER AUTUMN WINTER SPRING
1 Principles of Political
  Economy
(Hill) 9:00
1 Principles of Political Economy
a (Hill) 8:30
b (Davenport) 12:00
1 Principles of Political Economy
(Hill) 12:00
2 Principles of Political Economy Con’d
a (Hill) 8:30
b (Davenport) 12:00
2 Principles of Political Economy Con’d
(Davenport) 12:00
3 Economic and Social History
(Morris) 2:00
3 Economic and Social History
(Morris) 12:00
4 History of Commerce
(Morris) 12:00
5B Commercial Geography for Teachers
(Goode) 1:30
5 Commercial Geography
(Mr. —) 8:30
8 Mathematical Problems of Insurance
(Epsteen)
6 Modern Industries
(Mr. —) 11:00
7 Insurance
(Davenport) 8:30
[9 Law of Insurance]
(Bigelow)
10 Accounting
(Mr. — ) 11:00
11 Special Problems of Accounting
(Several Experts)
12 Modern Business Methods
(Clow) 8:00
12 Modern Business Methods
(Mr. —) 9:30
20 History of Political Economy
(Veblen) 11:00
21 Scope and Method
(Veblen) 11:00
22 Finance
(Davenport) 8:30
24 Financial History of the United States
(Cummings) 8:00
24 Financial History of the United States
(Cummings) 2:00
23 Tariff Reciprocity and Shipping
(Cummings) 9:30
26 American Agriculture
(Hill) 10:30
26 American Agriculture
(Hill) 10:30
25 Economic Factors in Civilization
(Veblen) 11:00
27 Colonial Economics
(Morris) 9:30
40 Value
(Davenport) 8:30
41 Labor and Capital
(Laughlin) 12:00
44 Socialism
(Veblen) 9:30
46 Trade Unions
(Cummings)
9:30
45 Industrial Combinations (Veblen) 9:30 43 Economics of Workingmen
(Cummings) 9:30
46 Trades Unions
(Cummings) 12:00
50 Money
(Laughlin) 12:00
51 Banking
(Mr. —) 8:30
50 Money
(Laughlin) 12:00
[52 Advertising]

53 Practical Banking
(Mr. — ) 8:30

60 Railways
(Hill) 2:00
61 Railway Rates
(Meyer) 2:00
62 Government Ownership (I)
(Meyer) 2:00
63 Government Ownership (II)
(Meyer) 2:00
64 American Competition
(Meyer) 3:00
70 Statistics
(Cummings) 8:30
71 Statistics of Wages
(Cummings) 12:00
80 Seminar
(Laughlin)
81 Seminar
(Laughlin)
[82 Seminar
(Laughlin)]

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THE DEPARTMENT
OF POLITICAL ECONOMY.

OFFICERS OF INSTRUCTION.

JAMES LAURENCE LAUGHLIN, Ph.D., Professor and Head of the Department of Political Economy.

THORSTEIN B. VEBLEN, Ph.D., Assistant Professor of Political Economy.

WILLIAM HILL, A.M., Assistant Professor of Political Economy.

JOHN CUMMINGS, Ph.D., Assistant Professor of Political Economy.

HENRY RAND HATFIELD, Ph.D., Assistant Professor of Political Economy.

HERBERT JOSEPH DAVENPORT, Ph.D., Assistant Professor of Political Economy.

HUGO RICHARD MEYER, A.B., Assistant Professor of Political Economy.

ROBERT MORRIS, A.B, LL.B., Instructor in Political Economy.

F. R. CLOW, Professor of Political Economy, State Normal School, Oshkosh, Wis. (Summer Quarter, 1904).

FELLOWS.
1904-1905.

EDITH ABBOTT, A.B
EARL DEAN HOWARD, Ph.B.
WILLIAM JETT LAUCK, A.B.

INTRODUCTORY.

The work of the department is intended to provide, by symmetrically arranged courses of instruction, a complete training in the various branches of economics, beginning with elementary work and passing by degrees to the higher work of investigation. A chief aim of the instruction will be to teach methods of work, to foster a judicial spirit, and to cultivate an attitude of scholarly independence. (1) The student may pass, in the various courses of instruction, over the whole field of economics. (2) When fitted, he will be urged to pursue some special investigation. (3) For the encouragement of research and the training of properly qualified teachers of economics, Fellowships in Political Economy have been founded. (4) To provide a means of communication between investigators and the public, a review, entitled the Journal of Political Economy, has been established, to be edited by the officers of instruction in the department; while (5) larger single productions will appear in a series of bound volumes to be known as Economic Studies of the University of Chicago. [For links see below]

FELLOWSHIPS.

The Fellowships here offered by the Department of Political Economy are independent of those offered by the allied departments of History, Political Science, or Sociology.

Appointments will be made only on the basis of marked ability in economic studies and of capacity for investigation of a high character. It is a distinct advantage to candidates to have been one year in residence at the University. Candidates for these Fellowships should send to the President of the University a record of their previous work and distinctions, degrees and past courses of study, with copies of their written or printed work in economics. Applications should be sent in not later than March 1 of each year Appointments will be made during the first week of April.

Fellows are forbidden to give private tuition, and may be called upon for assistance in the work of teaching in the University or for other work; but in no case will they be expected or permitted to devote more than one sixth of their time to such service.

In addition, one Graduate Scholarship, yielding a sum sufficient to cover the annual tuition fees, is awarded to the best student in economics just graduated from the Senior Colleges; and a similar Scholarship is given to the student graduating from the Junior Colleges who passes the best examination at a special test.

CANDIDACY FOR HIGHER DEGREES.

Graduate courses are provided for training and research in subjects such as wages, money, agriculture, socialism, industrial combinations, statistics, demography, finance, and the like. Specialization may be carried on in many parts of the field, under special direction in the Seminar, whereby each student receives a personal appointment for one hour a week. The work is so adjusted as to form an organized scheme leading by regular stages to productive results suitable for publication.

Candidates for the degree of A.M. will not be permitted to offer elementary courses in Political Economy as part of the work during the year’s residence. The work of students taking Political Economy as a secondary subject for the degree of A.M., should include (1) the general principles of economics (as contained in Courses 1 and 2, or an equivalent); (2) the history of Political Economy; and (3) the scope and method of Political Economy.

The work of candidates for the degree of Ph.D., taking Political Economy as a secondary subject, should include, in addition to the above requirements for the degree of A.M., on (1) Public Finance, and (2) on some descriptive subject as, e.g., Money, or Tariff, or Railways, etc.; and the examination will be more searching than that for the degree of A.M.

In all cases candidates should consult early with the heads of the departments within which their Major and Minor subjects are taken.

Before being admitted to candidacy for the degree of Doctor of Philosophy, in case Political Economy is chosen as the principal subject, the student must furnish satisfactory evidence to the head of the department that he has been well prepared in the following courses (or their equivalents at other institutions): History of Europe in the Seventeenth and Eighteenth Centuries (History 11); Europe in the Nineteenth Century (History 12); Later Constitutional Period of the United States; the Civil War and the Reconstruction (History 18); Comparative National Government (Political Science 11); Federal Constitutional Law of the United States (Political Science 21); Elements of International Law (Political Science 41); and Introduction to Sociology (Sociology 72).

PUBLICATIONS

As a means of communication between investigators and the public, the University issues quarterly the Journal of Political Economy, the first number of which appeared in December of 1892. Contributions to its pages will be welcomed from writers outside as well as inside the University the aim being not only to give investigators a place of record for their researches, but also to further in every possible way the interests of economic study throughout the country. The Journal will aim to lay more stress than existing journals upon articles dealing with practical economic questions. The editors will welcome articles from writers of all shades of economic opinion, reserving only the privilege of deciding as to merit and timeliness.

Longer investigations, translations of important books needed for American students, reprints of scarce works, and collections of materials will appear in bound volumes in a series of Economic Studies of the University of Chicago, of which the following have already been issued:

No. I. The Science of Finance, by Gustav Cohn. Translated by Dr. T. B. Veblen, 1895, 8vo, pp. xi+800. Price, $3.50.

No. II. History of the Union Pacific Railway, by Henry Kirke White, 1895, 8vo, pp. 132. Price, $1.50.

No. III. The Indian Silver Currency, by Karl Ellstaetter. Translated by J. Laurence Laughlin, 1896, 8vo, pp. 116. Price, $1.25.

No. IV. State Aid to Railways in Missouri, by John Wilson Million, 1897, 8vo, pp. 264. Price, $1.75.

No. V. History of the Latin Monetary Union, by Henry Parker Willis, 1901, 8vo, pp. ix + 332. Price $2.00.

No. VI. The History of the Greenbacks, with Special Reference to the Economic Consequences of Their Issue, by Wesley Clair Mitchell, 1903, 8vo, pp. xiv + 500. Price, $4.00, net.

No. VII. Legal Tender: A Study in English and American Monetary History, by Sophonisba P. Breckinridge, 1903, 8vo, pp. xvii + 180. Price, $1.50, net.

LIBRARY FACILITIES.

In the suite of class-rooms occupied by the department will be found the Economic Library. Its selection has been made with great care, in order to furnish not only the books needed for the work of instruction in the various courses, but especially collections of materials for the study of economic problems. The University Library contains an unusually complete set of United States Documents, beginning with the First Congress. It is believed that ample provision has thus been made for the work of serious research. The work of the students will necessarily be largely carried on in the Economic Library where will also be found the past as well as the current numbers of all the European and American economic journals.

The combined library facilities of Chicago are exceptional. The Public Library, maintained by a large city tax, the Newberry Library, and the Crerar Library, with a fund of several millions of dollars, which has provided books on Political Economy, will enable the student to obtain material needed in the prosecution of detailed investigation.

SPECIAL ADVANTAGES.

For the convenience of those who wish to know the branches of economics in which especial advantages are offered by the department, attention is called to the new facilities afforded for specialization in several directions:

RAILWAYS.

Apart from the fundamental training in the general economic field, a new and exceptional series of advanced courses in the economic side of railways has been provided. It is believed that no such extended and useful courses have ever been offered before on this subject. Beginning with the usual general course on railway transportation, four new courses are presented for advanced students.

LABOR AND CAPITAL.

In view of the pressing importance of questions touching upon the rewards of labor and capital, an exceptional arrangement of courses dealing both with the underlying principles and the practical movements of the day have been prepared upon new and extended lines.

MONEY.

Opportunities for specialization in the field of money and banking have been offered in the past, but new courses have been organized in order to permit a more thorough study in these subjects, both theoretical and practical, than has ever been possible before.

LABORATORY FOR STATISTICAL RESEARCH WORK.

The University has equipped a laboratory for statistical research work in which students are given training in the collection and tabulation of statistical data, as well as in the scientific construction of charts, and diagrams. The object of the work is to familiarize students with practical methods employed in government bureaus, municipal, state, and federal, in the United States and in other countries, and in private agencies of sociological and economic investigation. Men are trained to enter the service of such bureaus or agencies of social betterment as statisticians, capable of undertaking any work requiring expert statistical service. The Departments of Political Economy and of Sociology co-operate in the direction of statistical investigations.

COURSES OF INSTRUCTION.
Summer Quarter, 1904—Spring Quarter, 1905.

M=Minor course a single course for six weeks.
Mj=Major course=a single course for twelve weeks

GENERAL.

The courses are classified as follows:

Group 1, Introductory and Commercial: Courses 1, 2, 3, 4, 5, 6.

Group II, Advanced Business Courses: Courses 7, 8, 9, 10, 11, 12.

Group III, General Economic Field: Courses 20, 21, 22, 23, 24, 25, 26, 27, 29-30, 31-32.

Group IV, Labor and Capital: Courses 40, 41, 42, 43, 44, 45, 46, 47.

Group V, Money and Banking: Courses 50, 51, 52, 53, 54.

Group VI, Railways: Courses 60, 61, 62, 63, 64.

Group VII, Statistics: Courses 70, 71, 72.

Group VIII, Seminars: Courses 80, 81, 82.

Students are advised to begin the study of economics not later than the first year of their entrance into the Senior Colleges; and students of high standing, showing special aptitude for economic study, may properly take the Courses of Group I in the last year of the Junior Colleges.

For admission to the courses of Groups II and III, a prerequisite is the satisfactory completion of Courses 1 and 2 in the department, or an equivalent. Course 1 is not open to students who do not intend to continue the work of Course 2.

JUNIOR COLLEGE COURSES.
Group I. — Introductory and Commercial. 

1 and 2. Principles of Political Economy. — Exposition of the laws of modern Political Economy.

Course 1.

Mj. Summer Quarter; 8:00. Assistant Professor Hill.

Mj. Autumn Quarter; 2 sections, 8:30 and 12:00. Assistant Professors Hill and Davenport.

Mj. Winter Quarter; 12:00. Assistant Professor Hill.

Course 2.

Mj. Winter Quarter; 2 sections: 8:30 and 12:00. Assistant Professors Hill and Davenport.

Mj. Spring Quarter; 12:00. Assistant Professor Davenport.

Courses 1 and 2 together are designed to give the students an acquaintance with the working principles of modern Political Economy. The general drill in the principles cannot be completed in one quarter; and the department does not wish students to elect Course 1 who do not intend to continue the work in Course 2. Descriptive and practical subjects are introduced as the principles are discussed, and the field is only half covered in Course 1. Those who do not take both 1 and 2 are not prepared to take any advanced courses.

  1. Economic and Social History. — It is thought that the course may be of advantage to students of Political Science and History by giving them a view of the economic side of the social and political life of the past one hundred and fifty years. Special attention is devoted to the study of the economic effects of the Colonial System; the American and French Revolutions; the “industrial revolution;” the effects of invention and the new transportation upon the movement and grouping of population; the discoveries of the precious metals in North America, South America, Africa, and Australia; slavery, the Civil War, the new South, and the redistribution of industries in the United States; the progress of Great Britain since the repeal of the Corn Laws; and the recent development of German industry.

Mj. Autumn 2:00 and Spring Quarters; 12:00.
Mr. Morris.

Course 3 is required of all students in the College of Commerce and Administration.

  1. History of Commerce. — A brief general survey of ancient medieval and modern commerce. Consideration of the articles of commerce, the market places, the trade routes, methods of transportation, and the causes which promoted and retarded the growth of commerce in the principal commercial nations.

Mj. Autumn Quarter; 12:00. Mr. Morris.

  1. Commercial Geography. — A study of the various countries and their chief products; the effect of soil, climate, and geographical situation in determining national industries and international trade, commercial routes, seaports; the location of commercial and industrial centers; exports and imports; the character, importance, and chief sources of the principal articles of foreign trade.

Mj. Autumn Quarter; 8:30.
Mr. ———

Required of all students in the
College of Commerce and Administration.

  1. Modern Industries. — This elementary course, requiring no previous study of economics, examines the present organization of some of the leading industries. Study is made of the internal business organization, the processes of manufacture, the effect of inventions, etc. Emphasis will be placed on the manufactures of the United States.
    The class will visit a number of large industrial establishments in and near Chicago.

Mj. Autumn Quarter; 11:00.
Mr. ———

SENIOR COLLEGES AND GRADUATE COURSES.
Group II. — Advanced Business Courses.
  1. Insurance. — This course will aim to cover those aspects of insurance important to the practical business man, and to serve at the same time as a descriptive and theoretical treatment adapted to the needs of students intending to specialize in the actuarial and legal aspect of the subject. The history and theory of insurance, the bearing of these on the different insurance relations of modern business, including accident, health, burial, suretyship, credit forms, and the like will be examined. Especial emphasis will, however, be given: (1) to Life Insurance, the various forms of organization, assessment, fraternal, stock, and mutual; the theory of rates, mortality, expense, reserve, and interest aspects; the different combinations of investment and mortality contracts, loan and surrender values, dividends, distribution periods; (2) to Fire Insurance, the various forms of business organization, the terms and conditions of the insurance contract, the different forms of hazard, and the competition and combination of rates therefor; the theory of reserves and co-insurance, and the problem of the valued policy laws; (3) the general principle of public supervision with regard to the different forms of insurance, and the wider question of public ownership.

Mj. Winter Quarter; 8:30.
Assistant Professor Davenport.

  1. The Mathematics of Insurance. — This course presupposes some acquaintance with the descriptive aspect of insurance. The course is devoted particularly to the mathematical principles of Life Insurance. The necessary elements of the theory are selected from the theories of probability, finite differences, and interpolation. Applications are made in particular to the following problems: The examination of the different mortality tables and the basing of mortality rates thereon; the loading of expenses and reserves and the variations of premiums, as affected by the prospective earnings of investments: the computation of total reserves; the fixation of loan and surrender values of paid-up insurance, whether by life or term extension; the computation of present and deferred annuities as affected by considerations of age, life, term, endowment, joint-life, and annuity policies.

Mj. Spring Quarter; 12:00.
Mr. Epsteen.

Prerequisite: Trigonometry and College Algebra
(Mathematical Courses 1, 2 or 1, 5 or 4, 5).
See Mathematics 9.

  1. Law of Insurance. — Insurable interest in various kinds of insurance and when it must exist; beneficiaries; the amounts recoverable and valued policies; representations; warranties; waiver and powers of agents; interpretation of phrases in policies; assignment of insurance.

Mj. Spring Quarter.
Assistant Professor Bigelow.

Text book: Wambaugh, Cases on Insurance.

  1. Accounting. — The interpretation of accounts viewed with regard to the needs of the business manager rather than those of the accountant: the formation and meaning of the balance sheet; the profit and loss statement and its relation to the balance sheet; the capital accounts, surplus, reserve, sinking funds; reserve funds, their use and misuse; depreciation accounts; other accounts appearing on credit side; assets; methods of valuation; confusing of assets and expenses; capital expenditures and operating expenses; capital assets, cash, and other reserves.

Prerequisite: The Course in Bookkeeping offered by the Department of Mathematics.

Mj. Winter Quarter; 11:00.
Mr. ———.

  1. Special Problems in Accounting.
    1. Bank accounting.
    2. The duties of an auditor; methods of procedure; practice; problems frequently met.
    3. Appraisal and Depreciation.
    4. Railway Accounting. A consideration of the principal features. Determination of the four main divisions of expense. The relation between capital expenditures and profit and loss.
    5. The Public Accountant. Legal regulations; duties and methods; constructive work in devising system of accounting to fit special needs. Practice in comparison of various systems. The advantages of various devices, loose-leaf and card systems; voucher system; cost keeping.

Mj. Spring Quarter.
Conducted by experts from Chicago institutions.

  1. Modern Business Methods. Corporation Finance. — Speculation, investment, exchange. The course aims to make clear to the student the meaning of the commercial and financial columns of current journals and to examine the economic significance of the business transactions thus reported. Attention is given among other things to the reports of the money market, the business on stock and produce exchanges, market quotations, the various forms of investment securities, and foreign exchange.

Summer Quarter; 11:30.
Mj. Spring Quarter; 9:30.
Professor Clow.

Group III — General Economic Field.
  1. History of Political Economy. — Lectures, Reading, and Reports. This course treats of the development of Political Economy as a systematic body of doctrine; of the formation of economic conceptions and principles, policies, and systems. The subject will be so treated as to show the continuity and systematic character of Political Economy as an intelligent explanation of economic facts. Both the history of topics and doctrines and that of schools and leading writers will be studied. Attention will be given to the commercial theories of the Mercantile System, the Physiocratic School, Adam Smith and his immediate predecessors, the English writers from Adam Smith to J. S. Mill, and the European and American writers of the nineteenth century. Selection will be made of those who have had great influence, and who have made marked contributions to Political Economy. The student will be expected to read prescribed portions of the great authors bearing on cardinal principles. It is hoped that in this way he will learn to see the consistency and relations of economic theories and to use the science as a whole, and not as a mere mass of arbitrary formulæ or dicta. A special feature of the work will be a thorough study of Adam Smith and of Ricardo.

Mj. Autumn Quarter; 11:00.
Assistant Professor Veblen.

  1. Scope and Method of Political Economy. — The course treats of the premises on which the analysis of economic problems proceeds, the range of problems usually taken up for investigation by economists, the methods of procedure adopted in their solution, the character of the solutions sought or arrived at, the relations of Political Economy to the other Moral Sciences, as well as to the influence of the political, social, and industrial situation in determining the scope and aim of economic investigation. Special attention is given to writers on method, as Mill, Cairnes, Keynes, Roscher, Schmoller, Menger.

Mj. Winter Quarter; 11:00.
Assistant Professor Veblen.

  1. Finance. — In this course it is intended to make a comprehensive survey of the whole field of public finance. The treatment is both theoretical and practical, and the method of presentation historical as well as systematic. Most emphasis is placed upon the study of taxation, although public expenditures, public debts, and financial administration are carefully studied.

Mj. Spring Quarter; 8:30.
Assistant Professor Davenport.

  1. Tariffs, Reciprocity, and Shipping. — The course of legislation and the development of our commercial policy is followed, and an effort made to indicate the influence of our protective tariffs upon the development of our domestic industries, upon the growth and character of our international trade, and incidentally upon the occurrence of industrial crises and the continuance of industrial prosperity at different periods in our history. Foreign trade policies and schemes for imperial tariff federation are taken up, and especial attention given to the negotiation of reciprocity treaties, as well as to recent attempts which have been made through federal legislation granting subsidies to build up American shipping.

Mj. Spring Quarter; 11:00.
Assistant Professor Cummings.

  1. Financial History of the United States. — In this course the financial history of the United States is followed from the organization of our national system in 1789 to the close of the Spanish war. The following topics may be mentioned as indicating the scope of the course; the funding and management of the Revolutionary and other war debts; the First and Second United States Banks; the Independent Treasury; the present national banking system; Civil War financiering with especial reference to bond and note issues, and resort to legal tender currency; the demonetization of silver and issue of silver certificates; inflation of the currency and the gold reserve; the currency act of 1900. This study of the course of legislation upon currency, debts, and banking in the United States is based upon first-hand examination of sources, and students are expected to do original research work.

Summer Quarter; 8:00.
Mj. Autumn Quarter; 9:30.
Assistant Professor Cummings.

  1. Economic Factors in Civilization. — The course is intended to present a genetic account of the modern economic system by a study of its beginnings and the phases of development through which the present situation has been reached. To this end it undertakes a survey of the growth of culture as affected by economic motives and conditions. With this in view, such phenomena as the Teutonic invasion of Europe, the Feudal system, the rise of commerce, the organization of trade and industry, the history of the condition of laborers, processes of production, and changes in consumption, will be treated.

Mj. Spring Quarter; 11:00.
Assistant Professor Veblen.

  1. Problems of American Agriculture. — Special attention will be given to the extension and changes of the cultivated area of the United States; the methods of farming; the influence of railways and population, and of cheapened transportation; the fall in value of Eastern farm lands; movements of prices of agricultural products; European markets; competition of other countries; intensive farming; diminishing returns; farm mortgages; and the comparison of American with European systems of culture.

Summer Quarter; 10:30.
Mj. Winter Quarter; 9:30.
Assistant Professor Hill.

  1. Colonial Economics. — The economics of colonial administration, including some account of commercialism, past and present, and of modern trade theories of imperial federation, trade relations, financial policies, and economic development and dependence of colonies.
    A brief historical account of American and foreign experience serves as introduction to a fuller consideration of economic problems involved in modern colonial administration. In the light of this experience study is undertaken of some economic problems which have arisen in Cuba, Porto Rico, Hawaii, and the Philippine Islands.

Mj. Spring Quarter; 9:30.
Mr. Morris.

29, 30. Oral Debates. — Selected Economic Topics. Briefs. Debates. Criticism.

2M. Autumn and Winter Quarters; Mon., 3:00-6:00.
Assistant Professor Hill, Mr. Chandler, and Mr. Gorsuch.

31, 32. Argumentation. — To be taken in connection with English 9.

2 hrs. a week.
2M. Autumn and Winter Quarters; Wed., 3:00.
2M. Autumn and Winter Quarters.
Mr. Chandler.

Group IV. — Labor and Capital.
  1. Theory of Value. — After a brief preliminary survey of the discussions prior to Adam Smith, the cost of production-theory as developed at the hands of Ricardo, McCulloch, James Mill, Senior, J. S. Mill, and Cairnes is taken up for detailed study. Then the utility theory of value, as presented by Jevons and Austrian economists, is examined. Finally, the attempts made by such writers as Marshall, Dietzel, Pantaleoni, Clark, Patten, McFarlane, Hobson, etc., to frame a more satisfactory theory of value by combining the analysis of cost and of marginal utility, are reviewed.

Mj. Autumn Quarter; 8: 30.
Assistant Professor Davenport.

  1. Labor and Capital. — Unsettled problems of distribution. The more abstruse questions of distribution will be considered. No student, therefore, can undertake the work of this course with profit who has not already become familiar with the fundamental principles. The course is open only to those who have passed satisfactorily Course 2, or who can clearly show that they have had an equivalent training. The subjects to be considered will be as follows: The wages-fund and other theories of wages, the interest problem, managers’ profits, and allied topics. The discussion will be based upon selected passages of important writers. The study of wages, for example, will include reading from Adam Smith, Ricardo, J. S. Mill, Longe, Thornton, Cairnes, F. A. Walker, Marshall, George, Böhm-Bawerk, Hobson, J. B. Clark, and others. Students will also be expected to discuss recent important contributions to these subjects in current books or journals.

Mj. Winter Quarter; 12:00.
Professor Laughlin.

  1. Economics of Workingmen. — Continuing the study of distribution (Course 41), examination is here undertaken of social movements for improving the condition of labor, to determine how far they are consistent with economic teaching, and likely in fact to facilitate or to retard economic betterment of workingmen. Efforts to increase earnings through modification of the wages system itself, resort to legislation, and the purposes and practices of labor organization are discussed, and the effect upon labor efficiency, earning capacity and steadiness of employment, of modern industrial systems; workingmen’s insurance; co-operation; profit-sharing; competition of women and children; industrial education; social-settlement work; consumers’ leagues. Interest centers about practical efforts for economic amelioration of employment conditions in “sweated” and in other industries. These studies are supplemented by statistical data on the condition of labor in different countries.

Mj. Winter Quarter; 9:30.
Assistant Professor Cummings.

Note. — Although open in certain cases to students of Sociology and others who have had the equivalent of the economic Courses 1 and 2, this course can be taken to best advantage by those only who have already had Course 41.

  1. Socialism — A history of the growth of socialistic sentiment and opinion as shown in the socialistic movements of the nineteenth century, and the position occupied by socialistic organizations of the present time. The course is in part historical and descriptive, in part theoretical and critical. The programmes and platforms of various socialistic organizations are examined and compared, and the theories of leading socialists are taken up in detail. Marx is given the chief share of attention, but other theoretical writers, such as Rodbertus, Kautsky, Bernstein, are also reviewed. The factors which at the present time further or hinder the spread of socialism, and what are its chances of being carried through or of producing a serious effect upon the institutions of modern countries, are considered.

Mj. Spring Quarter; 9:30.
Assistant Professor Veblen.

  1. Organization of Business Enterprise—Trusts. — A discussion of the growth of the conditions which have made large business coalitions possible, the motives which have led to their formation, the conditions requisite to their successful operation, the character and extent of the advantages to be derived from them, the drawbacks and dangers which may be involved in their further growth, the chances of governmental guidance or limitation of their formation and of the exercise of their power, the feasible policy and methods that may be pursued in dealing with the trusts. The work of the course is in large part investigation of special subjects, with lectures and assigned reading.

Mj. Autumn Quarter; 9:30.
Assistant Professor Veblen.

  1. Trades Unions and the Labor Movement — An historical and comparative study of the trades union movement in the United States and in foreign countries. Negotiation and maintenance of wage-compacts; methods of arbitration, conciliation and adjustment; trades union insurance and provision for the unemployed; incorporation and employés’ liability; the precipitation and conduct of strikes; and in general all concrete issues involved in the organization of labor for collective bargaining with employers, with especial reference to the working programs of the more important trades unions at the present time.

Summer Quarter; 9:00.
Mj. Spring Quarter; 12:00.
Assistant Professor Cummings.

  1. The Industrial Revolution and Labor Legislation. — The social consequences to the wage-earner of the development of the factory system of industry and of industrial development, more particularly during the last half of the 19th century, are taken up historically and descriptively. The social status of the modern wage-earner is contrasted with that of the handicraftsman working under more primitive conditions, and especial attention is given to the development of the modern wages system of remuneration, the historical modification of the labor contract in its legal aspects, and, finally, to the course of labor legislation which has in different countries accompanied industrial reorganization and development.

Mj.
Assistant Professor Cummings.

[Not to be given in 1904-5.]

Group V — Money and Banking.
  1. Money and Practical Economics.— An examination is first made of the principles of money, whether metallic or paper; then either the subject of metallic or paper money is taken up and studied historically, chiefly in connection with the experience of the United States, as a means of putting the principles into practice. Preliminary training for investigation is combined in this course, with the acquisition of desirable statistical information on practical questions of the day. The student is instructed in the bibliography of the subject, taught how to collect his data, and expected to weigh carefully the evidence on both sides of a mooted question. The work of writing theses is so adjusted that it corresponds to the work of other courses counting for the same number of hours.

Mj. Autumn Quarter; 12:00.
Professor Laughlin.

  1. The Theory and History of Banking. — A study is made of the banking systems of leading nations; the relations of the banks to the public; their influence on speculation; and the relative advantages of national banks, state banks, trust companies, and savings banks.

Mj. Winter Quarter; 8:30.
Mr. ———.

  1. Advanced Course in Money. — After having been drilled in the general principles of money (Course 50) the student is given an opportunity to examine the more difficult problems of money and credit.

Mj. Spring Quarter.
Professor Laughlin.

[Not given in 1904-5.1

  1. Practical Banking. — The internal organization and administration of a bank; the granting of loans; the valuation of an account; bank records; arithmetic of bank operations; mechanical and other time-saving devices.

Mj. Spring Quarter; 8:30.
Mr. ———.

  1. Commercial Crises. — A practical study of the operations of credit in the experiences of this and other countries during the periods of crises.

Mj. Spring Quarter.
Mr. ———.

[Not given in 1901-5.]

Group VI — Railways.
  1. Railway Transportation. — The economic, financial, and social influences arising from the growth of modern railway transportation, especially as concerns the United States, will be discussed. An account of the means of transportation developed in Europe and America during the early part of this century; the experiments of the states in constructing and operating canals and railways; national, state, and municipal aid to private companies; the rapid and irregular extension of the United States railway system; the failures of 1893; the reorganizations and consolidations since that time, with some attention to railway building in other countries, will form the historical part of the work. A discussion of competition, combination, discrimination, investments, speculation, abuse of fiduciary powers; state legislation and commissions, and the Inter-State Commerce Act, with decisions under it; and the various relations of the state, the public, the investors, the managers and the employés, will form the most important part of the work. This course gives a general view of the subject. Students who wish to continue the work by investigating special problems will have an opportunity to do so under Courses 61 and 62.

Mj. Autumn Quarter; 2:00
Assistant Professor Hill.

  1. The Regulation of Railway Rates. — The efforts of the railways of the United States to regulate railway rates through pools, will be compared with the efforts of the several states, and of the federal government, to regulate rates through legislation and through commissions. Typical decisions of pools, of state commissions, and of the Interstate Commerce Commission, will be studied for the purpose of ascertaining: (a) whether the decisions of the commissions are founded on a body of principles that may be said to have the character of a science, or, whether they express merely the judgment of administrative officers on questions of fact to which no body of scientific principles can be made to apply; (b) whether the past experience warrants the faith that the public regulation of railway rates will leave the railways sufficiently unhampered to develop trade and industry; (c) whether regulation by public authority promises to achieve more substantial justice than regulation by pools. The experience of Germany, France, Austria-Hungary, and Russia with the public regulation of railway rates — exercised either by legislation or by public ownership — will be studied with reference to the effect of such regulation upon the elasticity of railway rates, and upon the ability of the railways to develop trade and industry. In this connection will be studied the part played respectively by the railways and by the waterways in the development of Germany, France, Austria-Hungary, and Russia. The study will show why the countries in question are obliged to have recourse to the waterways for services that, in the United States, are rendered by the railways.

Mj. Winter Quarter; 2:00.
Assistant Professor Meyer.

  1. Industrial Activities of the State in Europe. — This course reviews the efforts made in Great Britain to secure to the public a share in the profits to be made in those so-called public service industries that use the streets: water, gas, electric light, street-railways, and hydraulic power, or compressed air, power transmission. These efforts consist of the imposition of severe restrictions upon franchises, with the alternative of municipal ownership. The experience of Great Britain will be compared with that of the United States, under: (a) the practice of practically no restrictions upon the industries in question; (b) the Massachusetts practice of regulation by legislation which is enforced and supplemented by state commissions. As for Continental Europe, the course will cover the experience of Prussia, France, and Russia, in attempting to make the railway and public works budgets fit into the state budget. In this connection the inelasticity of state activity in Europe will be compared with the elasticity of private activity in the United States.

Mj. Winter Quarter; 3:00.
Assistant Professor Meyer.

  1. The Industrial Activities of the State in Australasia. — This course will cover the Australasian experience of the last forty years under a wide extension of the functions of the state. Although Australasia is a comparatively small country, the experience in question is more significant than might appear at first sight, for it is the experience of a homogeneous, English-speaking people. The course will cover the management of the state-railways; the administration of the public finances; the civil service; and the legislative regulation of the conditions of labor, such as the fixing of minimum wages, and the establishment of compulsory arbitration. Incidentally comparisons will be made with certain conditions and practices in Great Britain and France, for the purpose of showing how the extension of the functions of the state has made the politics of Australasia resemble, in many vital respects, the politics of France, rather than those of Great Britain.

Mj. Spring Quarter; 2:00.
Assistant Professor Meyer.

  1. American Competition in Europe since 1873. — This course is a study in economics and politics; it purposes to put before the student information equipping him for the critical consideration of the merits of the question: Laissez faire vs. state intervention. To that end it institutes a series of comparisons between the United States and Europe, especially in the fields of agricultural practice and railway transportation. The course begins with the consideration of the nature of the competition to which the opening of new sources of supply of food products exposed Western Europe, the nature of the adjustments demanded by the situation, and the adjustments actually achieved, under free-trade in Great Britain, and under protection on the Continent. The course then proceeds to contrast the comparative failure to develop the agricultural resources of Eastern Europe (the Danubian Provinces and Russia) and Siberia with the rapid development of the agricultural resources of the interior regions of the United States. In this connection will be studied the comparative efficiency of the railway systems of Europe and the United States, with especial reference to the effect of the public regulation of railway rates, either through state-ownership, or through legislative and administrative intervention. Incidental to the main investigation an array of facts will be presented bearing upon questions of economic theory: the growth of population and the raising of the standard of living; some of the principal factors that have determined the present scale of real wages in the several European countries; some instances of the working of natural selection; and the relative merits of large farms and small farms, or of extensive cultivation and intensive cultivation.

Mj. Spring Quarter; 3:00.
Assistant Professor Meyer.

Group VII — Statistics.
  1. Training Course in Statistics. — The object of this course is to train students in the practical use of statistical methods of investigation. Stress is laid upon work done by students themselves in collecting, tabulating, interpreting, and presenting statistics of different orders. Members of the class are also required to make close critical examinations of various publications of statistical nature with a view to determining the accuracy of data and the legitimacy of inferences drawn. Students engaged in any special work of investigation are encouraged to deal mainly with data relevant to their subjects. To others special topics are assigned. It is hoped that the course may prove useful to all students whose work, in whatever department it may lie, whether in history, sociology, or in other fields of study, is susceptible of statistical treatment.
    Courses 70 and 72 will be given in alternate years.

Mj. Autumn Quarter; 8:30.
Assistant Professor Cummings.

  1. Statistics of Wages in the Nineteenth Century. — In this course effort is made to determine what has been the actual movement of wages during the nineteenth century. An examination is undertaken of the more important statistical investigations of wage movements which have been made from time to time by economists, government bureaus, or other agencies, in specific industries; the object being to determine the extent to which the wage-earner has in general participated in the benefits of industrial progress and of the increased economic efficiency of labor and capital. The course is intended to be informational and descriptive in character, as well as to give training in the collection and tabulation of statistical data.

Mj. Winter Quarter; 12:00.
Assistant Professor Cummings.

  1. Demography. — Statistical methods are illustrated by studies in population data, comprising the construction of actuarial tables; determination of the economic value of populations; economic aspects of the data of criminality and pauperism; growth and migration of population in the United States as “labor force,” including statistics of the negro race. The development of official statistics of population, and the demographic work of government bureaus is taken up historically and critically. The object of the course is to give students training in handling population data as a basis of sociological and economic speculation, and to point out the bearing of such data and their importance in the historical development of economic theories.

Assistant Professor Cummings.

[Not to be given in 1904-5.]

Group VIII — The Seminars.

80, 81. Economic Seminar.

2Mj. Autumn and Winter Quarters.
Professor Laughlin.

Source: University of Chicago. Programme of the Departments of Political Economy, Political Science, History, Sociology and Anthropology, 1904-1905. Chicago: The University of Chicago Press, 1904. Transcription from a copy found in the Harvard University Archives, Division of History, Government, and Economics. Ph.D. exams and records of candidates, study plans, lists, etc. pre-1911-1942. Box 2, Unlabeled Folder.

Image Source: Technology Reading Room 2, Crerar Library (Marshall Field Annex). From the University of Chicago Photographic Archive, apf2-01949, Hanna Holborn Gray Special Collections Research Center, University of Chicago Library.

Categories
Economists Harvard Transcript

Harvard. Application for PhD candidacy. James Waterhouse Angell, 1921

The empirical questions behind most of the collection of archival artifacts found here at Economics in the Rear-view Mirror can be reduced to i) what was being taught ii) who was teaching it, and iii) what was the pattern of the courses actually taken by young economists. These artifacts can be thought of as occupying cell(s) in a matrix of year by academic institution, e.g. this post deals with question (iii) and will be filed in the Harvard, early 1920’s cell.

James Waterhouse Angell (1898-1986) was a Harvard and Chicago trained economist who joined the Columbia faculty upon receiving his Ph.D. from Harvard in 1924. He was a member of Columbia’s faculty for over forty years, interrupted by government service during World War II at the War Production Board and the Foreign Economics Administration.  More about his life and career can be read in his New York Times obituary (April 1, 1986)

With this post we have the record for Angell in Harvard’s Division of History, Government, and Economics. It provides us with a wealth of information about his academic training. There will be a flow of such records for other graduate students that promises to match the flow of syllabi and exams, the stock of which constitute the core of archival material.

 You  should subscribe to Economics in the Rear-view Mirror if you are working on the history of economics. To do so scroll down (or search “Subscribe” on this page from your web browser).

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Autobiographical snippet

Angell’s personal statement in the 25th year anniversary report of the Harvard Class of 1918

_______________________

HARVARD UNIVERSITY
DIVISION OF HISTORY, GOVERNMENT, AND ECONOMICS

Application for Candidacy for the Degree of Ph.D.

[Note: Boldface used to indicate printed text of the application; italics used to indicate the handwritten entries]

I. Full Name, with date and place of birth.

James Waterhouse Angell. May 20, 1898. Chicago.

II. Academic Career: (Mention, with dates inclusive, colleges or other higher institutions of learning attended; and teaching positions held.)

Undergraduate: Harvard 1914-18. Graduate: University of Chicago, March 1919-June 1920; Harvard, September 1920-date. Teaching: Assistant in Economics, Univ. of Chicago, October 1919-June 1920.

III. Degrees already attained. (Mention institutions and dates.)

A.B. Harvard, 1918. [magna cum laude]

IV. General Preparation. (Indicate briefly the range and character of your undergraduate studies in History, Economics, Government, and in such other fields as Ancient and Modern Languages, Philosophy, etc.) In case you are a candidate for the degree in History, state the number of years you have studied preparatory and college Latin.)

History. Harvard: Hist. A, 30a. Government. Univ. of Chicago: Elementary Comp. Govt. Economics. Harvard: Economics A, 2a, 2b, 4b, 5a, 5b. Univ. of Chicago: Labor Problems, Money and Banking, Statistics.

Greek: Harvard: Greek G, A, 2, 8. Latin. Harvard: Latin B, 8. French. Harvard: French 2. Philosophy. Univ. of Chicago: Social and Political Philosophy. Psychology. Harvard: Psychology A, Univ. of Chicago: Social Psychology.

V. Department of Study. (Do you propose to offer yourself for the Ph.D., “History,” in “Economics,” or in “Political Science”?)

Economics

VI. Choice of Subjects for the General Examination. (State briefly the nature of your preparation in each subject, as by Harvard courses, courses taken elsewhere, private reading, teaching the subject, etc., etc.)

  1. Economic Theory and Its History. Harvard: Economics A, 11, 14; Univ. of Chicago: History of Econ. Thought. Teaching: Univ. of Chicago: 2 quarters of elementary theory, 1920.
  2. Economic History since 1750. Harvard: Economics 2a and 2b.
  3. Public FinanceHarvard: Economics 5a, 5b, 31
  4. Money and Banking. Harvard: Economics 38. Univ. of Chicago: Elementary Money & Banking. Also private reading.
  5. International Trade and Tariff Policy. Harvard: Economics 33; and private reading.
  6. [Constitutional] History of the U.S., 1789-1914Univ. of Chicago. 3 quarters of graduate study. (A. D. Mr. Laughlin)

VII. Special Subject for the special examination.

Special subject either Economic Theory or Public Finance; to be specified later. Money and Banking

VIII. Thesis Subject. (State the subject and mention the instructor who knows most about your work upon it.)

International Price Levels (With Professors Taussig and Young)

IX. Examinations. (Indicate any preferences as to the time of the general and special examinations.)

General: Last week in October, 1921.

X. Remarks

[Left blank]

Signature of a member of the Division certifying approval of the above outline of subjects.

[signed] Edmund E. Day

*   *   *   [Last page of application] *   *   *

[Not to be filled out by the applicant]

Name: James W. Angell

Approved: April 29, 1921

Ability to use French certified by Charles J. Bullock. 10 March, 1922 B.S.M.

Ability to use German certified by Charles J. Bullock, 10 March, 1922 B.S.M.

Date of general examination June 2, 1922 Passed A.A.Y.

Thesis received Oct. 15, 1923

Read by Professors Taussig, Young, and Persons

Approved October 29, 1921

Date of special examination Thursday, March 6, 1924. Passed A.A. Young 

Recommended for the Doctorate[left blank]

Degree conferred  [left blank]

Remarks.  [left blank]

*  *  *  *  *  *  *  *  *  *  *  *  *  *

Record of James Waterhouse Angell in the Graduate School of Arts and Sciences of Harvard University

1920-21
Economics 11.
[Economic Theory, Prof. Taussig]
A
Economics 14
[History and Literature of Economics to the year 1848, Prof. Bullock]
A minus
Economics 31
[Public Finance, Prof. Bullock]
A
Economics 331 [half course]
[International Trade and Tariff Problems, Prof. Taussig]
A
Economics 382 [half course]
[Selected Monetary Problems, Prof. Young]
A
Attained the degree of Master of Arts.
1921-22
Economics 20 (F.W.T.)
[Economic Research (for Ph.D. candidates)]
A

Note: A transcript can also be found in Harvard University Archives, Graduate School of Arts and Sciences. Record Cards of Students, 1895-1930, Aab—Belcher (UAV 161.2722.5). File I, Box 1, Record Card of James Waterhouse Angell.

*  *  *  *  *  *  *  *  *  *  *  *  *  *

HARVARD UNIVERSITY
Committee on Economic Research
Cambridge, Massachusetts, U.S.A.
Charles J. Bullock, Chairman

Charles F. Adams
Nicholas Biddle
Frederic H. Curtiss
Wallace B. Donham
Ogden L. Mills
Eugene V. R. Thayer

W.M. Persons, Editor
Review of Economic Statistics

J.B. Hubbard, Editor
Harvard Economic Service

F.Y. Presley
General Manager

March 10, 1922.

Professor Charles H. Haskins,
23 University Hall,
Cambridge, Mass.

This is to certify that I have examined Mr. J. W. Angell and find that he has such a knowledge of French and German as we require of candidates for the doctor’s degree.

[signed] Charles J. Bullock

CJB/AMB

*  *  *  *  *  *  *  *  *  *  *  *  *  *

HARVARD UNIVERSITY
DIVISION OF HISTORY, GOVERNMENT, AND ECONOMICS

Cambridge, Massachusetts
6 June 1922

I beg to report that Mr. James W. Angell passed the General Examination in Economics held on Friday, 2 June. Mr. Angell’s examination clearly earned a pass, but it is proper to say that the examination was not as distinguished and the margin was not as large as Mr. Angell’s brilliant course record indicated it would be.

[signed by D.C. for] Allyn A. Young

*  *  *  *  *  *  *  *  *  *  *  *  *  *

[Carbon copy]

26 February 1924

My dear Professor Young:

We are arranging J.W. Angell’s special examination for Thursday, 6 March, at 4 p.m. I will let you know the place later. The committee will consist of Professors Taussig, Williams, Sprague, and yourself as chairman.

Very truly yours,
Secretary of the Division.

Professor A. A. Young

*  *  *  *  *  *  *  *  *  *  *  *  *  *

HARVARD UNIVERSITY
DIVISION OF HISTORY, GOVERNMENT, AND ECONOMICS

Cambridge, Massachusetts
March 7, 1924

Dear Haskins:

On behalf of the committee appointed to conduct the special examination of Mr. J. W. Angell, I beg to report that Mr. Angell successfully passed the examination. I may add that the examination as a whole was unusually satisfactory.

Very truly yours,
[signed by k. for] Allyn A. Young

Dean C. H. Haskins

Source: Harvard University Archives. Division of History, Government, and Economics. Ph.D. exams and records of candidates, study plans, lists, etc. pre-1911-1942. Box 5. Folder “J. W. Angell.”

_______________________

Annotated Typescript for
Division of History, Government, and Economics
Examinations for the Degree of Ph.D. 1923-1924
JAMES WATERHOUSE ANGELL.

SPECIAL EXAMINATION in Economics, passed. Thursday, March 6, 1924.

GENERAL EXAMINATION passed June 2, 1922.

ACADEMIC HISTORY: Harvard College, 1914-18; University of Chicago, March, 1919, to June, 1920; Harvard Graduate School, 1920-23. A.B., 1918; A.M., 1921. Assistant in Economics, University of Chicago, 1919-20; Tutor in the Division of History, Government, and Economics, Harvard, 1921-22; Frederick Sheldon Travelling Fellow, Harvard, 1922-23; Instructor in Economics and Tutor in the Division of History, Government, and Economics, Harvard, 1923-4.

GENERAL SUBJECTS: 1. Economic Theory and Its History. 2. Economic History since 1750. 3. Public Finance. 4. Money and Banking. 5. International Trade and Tariff Policy. 6. American History since 1789.

SPECIAL SUBJECT: Money and Banking.

COMMITTEE: Professors Young (chairman), Taussig, Williams,
and Sprague.

THESIS SUBJECT: The Theory of International Prices and its History.

COMMITTEE ON THESIS: Professors Taussig, Young, and Persons.

Source: Harvard University Archives. Division of History, Government, and Economics. Ph.D. exams and records of candidates, study plans, lists, etc. pre-1911-1942. Box 5. Unmarked Envelope/Folder

_______________________

Image Source:  James Waterhouse Angell’s July 18, 1922 U.S. passport application. National Archives.

 

Categories
Economic History Exam Questions Harvard Suggested Reading Syllabus

Harvard. Reading list and final exam for U.S. economic and financial history. Taussig and Gay, 1905-1906

Assistant Professor Oliver Mitchell Wentworth Sprague taught the Harvard course “Economic History of the United States”/ “Economic and Financial History of the United States” in 1901-02 (with James Horace Patten), 1902-03, 1903-04, and 1904-05. The course was taken over in 1905-06 by Frank William Taussig and Edwin Francis Gay after Sprague left for a full professorship at the Imperial University of Japan.

__________________________

Course Enrollment
1905-06

Economics 6 2hf. Professor Taussig and Asst. Professor Gay. — Economic and Financial History of the United States.

Total 79: 14 Graduates, 15 Seniors, 37 Juniors, 10 Sophomores, 3 Others.

Source: Harvard University. Report of the President of Harvard College, 1905-1906, p. 72.

__________________________

READING FOR ECONOMICS 6
(1905-6)

Prescribed reading is indicated by an asterisk (*).

1. COLONIAL PERIOD.

*Ashley, Commercial Legislation of England and the American Colonies, Q.J.E., Vol. XIV, pp. 1-30; printed also in Surveys, pp. 309-335.

Schmoller, Mercantile System, pp. 57-80.

Beer, Commercial Policy of England, pp. 1-158.

Rabbeno, American Commercial Policy, pp. 3-91.

Eggleston, Agriculture and Commerce in the Colonies, The Century Magazine, Jan. and June, 1884, Vol. V, pp. 431-449; Vol. VI, pp. 234-256.

2. COMMERCE AND MANUFACTURES, 1776-1815.

*Hill, First Stages of the Tariff Policy of the United States, Amer Econ. Assn. Pub., Vol. VIII, pp. 107-132.

Pitkin, Statistical View of the United States, ed. 1835, ch. ix, pp. 368-412.

Rabbeno, American Commercial Policy, pp. 287-324, 95-145.

Hamilton, Report on Manufactures, in Taussig’s State Papers and Speeches on the Tariff, pp. 1-108.

3. REVOLUTIONARY AND NATIONAL FINANCE – WESTWARD MOVEMENT, 1776-1815.

*Dewey, Financial History of the United States, chs. ii-vi, pp. 33-141.

Bullock, Essays on the Monetary History of the United States, pp. 60-78.

Hamilton, Reports on Public Credit, Amer. State Papers, Finance, Vol. 1, pp. 15-37, 64-67.

Turner, Significance of the Frontier in American History, in Report of Amer. Hist. Assn., 1893, pp. 199-227.

Semple, American History and its Geographical Conditions, chs. iv, v, pp. 52-92.

4. FINANCE AND BANKING, 1815-1860.

*Dewey, Financial History, pp. 223-237, 252-262.

Sumner, Andrew Jackson, ed. 1886, pp. 224-249, 257-276, 291-342.

Catterall, The Second Bank of the United States, chs. xvi-vviii, pp. 376-403, 430-452.

Conant, History of Modern Banks of Issue, ch. xiv, pp. 310-347.

White, Money and Banking, chs. ix-xii, pp. 324-361.

5. TARIFFS AND MANUFACTURES, 1815-1860.

*Taussig, Tariff History, pp. 1-154.

Taussig, State Papers and Speeches on the Tariff, pp. 108-385.

Rabbeno, American Commercial Policy, 146-199, 325-383.

6. INTERNAL IMPROVEMENTS, 1815-1860.

*Callender, Early Transportation and Banking Enterprises, Q.J.E., Vol. XVII, pp. 111-162.

Chevalier, Society, Manners, and Politics in the United States, chs. vii, xx, xxi, pp. 80-87, 209-276.

Pitkin, Statistical View (1835), Vol. XII, pp. 531-581.

Gallatin, Plan of Internal Improvements, Amer. State Papers, Misc., Vol. I.

Tanner, Railways and Canals of the United States. See, especially, the map.

7. LAND POLICY AND AGRICULTURE, 1815-1860.

*Hart, Practical Essays on American Government, pp. 233-257.

*Hammond, Cotton Industry, ch. iii, pp. 67-119.

Donaldson, Public Domain.

Sato, History of the Land Question in the United States, Johns Hopkins University Studies, 4th series, nos. 7-9, pp. 127-181.

8. POPULATION AND SLAVERY, 1815-1860.

*Cairnes, Slave Power, chs. ii, iii, v, pp. 34-93, 120-150.

Hammond, Cotton Industry, ch. ii, pp. 34-60.

Semple, American History and its Geographic Conditions, ch. ix, pp. 150-177.

9. FINANCE, BANKING, AND CURRENCY PROBLEMS, 1860-1900.

*Dewey, Financial History, chs. xii, xiii, xx, pp. 271-330, 463-473.

*Noyes, Thirty Years of American Finance, chs. i, ii, iii, x, pp. 1-72, 234-254.

Taussig, Silver Situation, pp. 1-157.

Dunbar, National Banking System, Q.J.E., Vol. XII, pp. 1-36.

10. TRANSPORTATION; TARIFF.

*Taussig, Tariff History, pp. 155-230.

Industrial Commission, Vol. XIX, pp. 466-481.

Johnson, American Railway Transportation, chs. ii, ii, v, pp. 13-38, 52-68.

Taussig, Contribution to the Theory of Railway Rates, Q.J.E., Vol. V, pp. 438-465.

Hadley, Railroad Transportation, pp. 24-56.

11. INDUSTRIAL EXPANSION AND TARIFF.

*Taussig, Tariff History, pp. 230-409.

Stanwood, American Tariff Controversies, Vol. II, pp. 243-394.

Taussig, Iron Industry, Q.J.E., Vol. XIV, pp. 143-170, 475-508.

Industrial Commission, Vol. XIX, pp. 485-519, 544-569.

Twelfth United States Census, Vol. IX, pp. 1-16; Vol. X, pp. 723-743.

Taussig, Wool and Woolens, Q.J.E., Vol. VIII, pp. 1-39.

Wright, Wool-growing and the Tariff since 1890, Q.J.E., Vol. XIX, pp. 610-647.

Willoughby, Integration of Industry in the United States, Q.J.E., Vol. XVI, pp. 94-115.

12. AGRICULTURE AND OPENING OF THE FAR WEST.

*Industrial Commission, XIX, pp. 43-123, 134-168.

Hammond, Cotton Industry, Book I, chs. iv-vii, ix, pp. 120-228, 324-356.

Adams, The Granger Movement, North American Review, Vol. CLXXV, pp. 394-424.

13. COMMERCE AND SHIPPING.

*Meeker, Shipping Subsidies, Pol. Sci. Qr., Vol. XX, pp. 594-611.

*Noyes, Recent Economic History of the United States, Q.J.E., Vol. XIX, pp. 167-209.

Wells, Our Merchant Marine, chs. i-v, pp. 1-94.

14. WAGES AND THE LABOR PROBLEM.

*Levasseur, American Workman, pp. 436-509.

Mitchell, Organized Labor.

Industrial Conciliation, National Civic Federation.

Wright, Industrial History of the United States, Part III, pp. 231-322.

15. IMMIGRATION AND THE RACE QUESTION.

*Mayo-Smith, Emigration and Immigration, chs. iii, iv, pp. 33-78.

Tillinghast, Negro in Africa and America, pp. 102-227.

Hoffman, Race Traits and Tendencies of the American Negro, pp. 141-148, 170-176, 310-329.

Washington, Future of the American Negro, pp. 3-244.

Mayo-Smith, Emigration and Immigration, pp. 79-167, 227-283.

Walker, Discussions in Economics and Statistics, Vol. II, pp. 417-434.

Source: Harvard University Archives. Syllabi, course outlines and reading lists in conomics, 1895-2003, Box 1, Folder “Economics, 1905-1906”.

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ECONOMICS 6
Year-end Examination, 1905-06

  1. Describe the history of the agitation for “cheap money” in the United States; the forms assumed both before and after 1860, its causes and the probability of its recurrence.
  2. Compare critically the financing of the Revolutionary War, the Civil War, and the Spanish War.
  3. (a) Summarize the principal features of our tariff legislation from the close of the Civil War to the Dingley Tariff.
    (b) What has been the effect of the tariffs on the iron and steel industry?
  4. Give the history of the Union Pacific Railroad and its relations to the government.
  5. Account for the changes in the character of the foreign trade of the United States in respect to the excess of imports or of exports.
    Take one of the following questions:
  6. Discuss the significance and causes of the increase of farm tenancy and the rural exodus.
  7. What can you say as to agricultural conditions in the South before and since the Civil War? What about the negro problem?

Source: Harvard University Archives. Harvard University, Examination Papers 1873-1915. Box 8, Bound volume: Examination Papers, 1906-07; Papers Set for Final Examinations in History, Government, Economics,…,Music in Harvard College (June, 1906), pp. 31-32.

Image Source: Portraits of Frank William Taussig and Edwin Francis Gay from the Harvard Class Album 1906.

 

Categories
Exam Questions Harvard Transportation

Harvard. Final examination for transportation economics. Ripley, 1905-1906

Relatively early on transportation economics was recognised as one of the major specialisation fields within applied economics. This can be illustrated with the courses offered by William Zebina Ripley at Harvard that were introduced during the first decade of the twentieth century. Ripley also covered labor relations as well as industrial organisation and regulation. This was still a time when economics faculty members were expected to span several special fields. As Adam Smith had said, “The division of labour is limited by the extent of the market.” The era of the “Universalgenie” [Narrator’s voice: “They only thought they were.”] had not yet been replaced by the era of the “Fachidiot” [The narrator continues, “…ahem, present company excluded”].

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Earlier exams etc. for Economics 5

1900-01 (Hugo Richard Meyer alone)
1901-02 (Ripley with Hugo Richard Meyer)
1903-04 (Ripley alone)
1904-05 (Ripley with Stuart Daggett)

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Course Enrollment
1905-06

Economics 5 1hf. Professor [William Zebina] Ripley, assisted by Mr. [Stuart] Daggett. — Economics of Transportation.

Total 138: 10 Graduates, 32 Seniors, 59 Juniors, 28 Sophomores, 9 Others.

Source: Harvard University. Report of the President of Harvard College, 1905-1906, p. 72.

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ECONOMICS 5
Final Examination
1905-06

  1. What is the present legal status of the “Long and Short Haul” clause of the Act to Regulate Commerce? Outline the decisions clearly.
  2. The average length of haul on the St. Paul road is about 185 miles; while on the Union Pacific it is about 386 miles. How would these conditions affect the revenue per ton mile?
  3. What advantages might follow the repeal of the prohibition of pooling, from a railway point of view?
  4. What authority has the Interstate Commerce Commission concerning witnesses and the production of papers? What is the latest decision?
  5. Should the following items of expenditure be charged to capital, improvement, or operating expense account, viz.: (1) cost of abolishing grade crossings; (2) replacement of light rails with heavy ones; and (3) premium on purchase of stock in a subsidiary road? Give your own reasons for whichever course you advocate.
  6. What is the present method of control of the anthracite coal roads?
  7. What are the main inducements for stock watering, as described by Johnson?
  8. What is the nature of the principal bills now before Congress, amending the Act to Regulate Commerce? Describe them separately.

Source:  Harvard University, Examination Papers 1873-1915. Box 7, Bound volume: Examination Papers, 1905-06;  Papers Set for Final Examinations in History, Government, Economics,…,Music in Harvard College(June, 1906), p. 31.

Image Source: Harvard University Archives.  William Zebina Ripley [photographic portrait, ca. 1910], J. E. Purdy & Co., J. E. P. & C. (1910). Colorized by Economics in the Rear-view Mirror.