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Exam Questions Swarthmore Theory Undergraduate

Swarthmore. Honors Examination in Economic Theory. Coppock, 1947

Joseph David Coppock was an external examiner for the honors economic theory examination at Swarthmore. The economics department called on their alumnus (A.B., 1933 with a Columbia University Ph.D., 1940) at least three times in the 1940s. His January 1947 examination questions are transcribed for this post.

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Swarthmore Senior exams posted previously (with external examiner names)

Senior Comprehensive Examination (1931)

Broadus Mitchell (1934)

Lloyd Metzler (1943 to 1945)

Paul Samuelson (1943)

Richard Musgrave (1946)

Wolfgang Stolper (Seminar, ca. 1944)

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[Handwritten note: “Examiner: Coppock”]

Swarthmore College
Honors Examination​
Economic Theory

January 29, 1947.

Answer 5 questions, including No. 1

  1.  —
    1. Using your own arithmetic assumptions, derive an individual buyer’s demand curve from a set of (consumer) indifference curves. Show both schedule and graph.
    2. Using your own arithmetic assumptions, derive an individual producer’s variable cost curve from a traditional “diminishing physical returns curve.” Show both schedule and graph.
    1. How, under classical distribution theory, would an increase in national product be distributed among the customary claimants? Explain.
    2. To what extent does your answer in (a) apply to present-day circumstances in the U. S.?
  2. Write an explanatory and critical essay on the relation of the interest rate to the level of investment in the national economy (a) under any conditions you may wish to assume and (b) under present-day conditions in the U. S.
  3. Suppose you were David Ricardo and received from the review editor of an economic journal a copy of Chamberlin’s Theory of Monopolistic Competition with a request to review it. Write a review, comparing Chamberlin’s book with your own Principles of Political Economy and Taxation.
  4. The First Annual Report of the Council of Economic Advisers states:

“It would be very simple indeed if we could rely on fiscal policy as a panacea (for unemployment). Broadly speaking, the shortcoming of this single-track doctrine….is that it does not face the complexity of our economic system.”
Develop the point.

    1. What is economic progress?
    2. What are the conditions of it?
    3. What does a change in population have to do with it?
    1. Point out some key differences between general equilibrium and particular [sic] equilibrium theory.
    2. How do these differences affect the application of economic theory to the real economic world?

Source: Duke University. David M. Rubinstein Rare Book and Manuscript Library. Economists’ Papers Archives. Wolfgang F. Stolper Papers, Box 22, Folder 1.

Image Source: Swarthmore College yearbook, Halcyon 1940, p. 11.

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Exam Questions Harvard Transportation

Harvard. Transportation Economics. Course description, enrollment, final exam. Ripley, 1912-1913

 

Links to earlier course material for Economics of Transportation from Harvard, 1887-88 through 1911-12.

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About the Teaching Assistant

Lloyd Morgan Crosgrave [PUT in LINK TO 1912-13 PRINCIPLES PAGE #Crosgrave]

General Examination in Economics, Wednesday, May 7, 1913.
General Subjects: 1. Economic Theory and its History. 2. Economic History since 1750. 3. Statistics. 4. Public Finance and Railroads. 5. Labor Problems, including Social Reforms. 6. History of American Institutions since 1789.
Committee: Professors Taussig (chairman), Ripley, Bullock, Fite, and Dr. Copeland.

Academic History: Indiana University, 1905-09; Harvard Graduate School, 1910-13. A.B., Indiana, 1909; A.M., Harvard, 1911. Teacher of History, Decatur High School, Ill., 1909-10; Instructor in Economics, Harvard, 1912-13.
Special Subject: Labor Problems.
Thesis Subject: “The American Glass Industry.” (With Professor Taussig.)

Source: Harvard University Archives. Harvard University, Examinations for the Ph.D. (HUC 7000.70), Folder “Examinations for the Ph.D., 1912-13”.

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ECONOMICS 4a
Course Description
1912-13

4a 1hf. (formerly 5 1hf.). Economics of Transportation. Half-course (first half-year). Tu., Th., Sat., at 11. Professor Ripley, assisted by ——.

A brief outline of the historical development of rail and water transportation in the United States will be followed by a description of the condition of transportation systems at the present time. The four main subdivisions of rates and rate-making, finance, traffic operation, and legislation will be considered in turn. The first deals with the relation of the railroad to shippers, comprehending an analysis of the theory and practice of rate-making. An outline will be given of the nature of railroad securities, the principles of capitalization, and the interpretation of railroad accounts. Railroad operation will deal with the practical problems of the traffic department, such as the collection and interpretation of statistics of operation, pro-rating, the apportionment of cost, depreciation and maintenance, etc. Under legislation, the course of state regulation and control in the United States and Europe will be traced.

Source: Harvard University. Division of History, Government, and Economics, Courses of Instruction, 1912–13, pp. 60-61.

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Monographs/Books on Transportation by W. Z. Ripley

TransportationChapter from the Final report of the U.S. Industrial Commission (Vol. XIX) and privately issued by the author for the use of his students and others. Washington, D.C., 1902.

Railway Problems, edited with an introduction by William Z. Ripley (Boston: Ginn & Company, 1907).

Railroads: Rates and Regulation (New York: Longmans, Green, and Co., 1912).

Railroads: Finance & Organization (New York: Longmans, Green, and Co., 1915).

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ECONOMICS 4a
Course Enrollment
1912-13

Economics 4a 1hf. Professor Ripley, assisted by Mr. [Lloyd Morgan] Crosgrave. Economics of Transportation.

Total 156: 6 Graduates, 2 G.B., 36 Seniors, 85 Juniors, 24 Sophomores, 3 Other.

Source: Harvard University. Reports of the President and the Treasurer of Harvard College, 1912-13, p. 57.

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ECONOMICS 4a
Mid-year Examination
1912-13

  1. Compare the lease with stock ownership as a means of combination, stating the advantages and disadvantages of each.
  2. Show how recent interpretation of the Federal law may conceivably affect the status of railway traffic agreements.
  3. State very briefly the point raised in the following cases: —

(a) Portland Gateway.
(b) Illinois Central car supply.
(c) Alabama Midland (Troy).
(d) Orange Routing.

  1. Have any of the above points been since corrected by legislation; if so in what manner?
  2. Give reasons for the following differences in net capitalization per mile of line:
Union Pacific

$65,000

Reading

$170,000

Pennsylvania

$86,000

Erie

$170,000

  1. What particular circumstance materially affects the success of Government ownership and operation:

(a) In Germany?
(b) In Italy?
(c) In Switzerland?

  1. What is the present attitude of the Federal courts toward the proper basis to be used in the determination of reasonable rates?
  2. How effective practically has been the “Commodity Clause” of the law of 1906?
  3. To whom properly belongs the surplus earnings of a railroad over and above a rate of return requisite to provide an adequate supply of new capital for future development? State your own view, but set forth your reasons fully.

Source: Harvard University Examinations. Papers set for final examinations in history, history of science, government, economics, philosophy, social ethics, education, fine arts, music in Harvard College (June 1913), pp. 42-43.

Image Source: Monopoly game card for the Reading Railroad.

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Earlier exams etc. for Economics 5,
Pol Econ 9
(Economics of Transportation/ Railroads)

1887-88 (James Laurence Laughlin)
1888-89 (John Henry Gray)
1889-90 [Omitted]
1890-91 (Frank William Taussig)
1891-92 (Frank William Taussig)
1892-93 (Frank William Taussig)
1893-94 (Frank William Taussig)
1894-95 (George Ole Virtue)
1895-96 (Frank William Taussig)
1896-97 (Frank William Taussig)
1897-98 (Hugo Richard Meyer)
1898-99 (Hugo Richard Meyer
1899-1900 (Hugo Richard Meyer)
1900-01 (Hugo Richard Meyer)
1901-02 (Ripley with Hugo Richard Meyer)
1903-04 (Ripley alone)
1904-05 (Ripley with Stuart Daggett)
1905-06 (Ripley with Stuart Daggett)
1906-07 (Ripley with Stuart Daggett and Walter Wallace McLaren). Also with the Assignment of Reports.
1907-08 (Ripley with Stuart Daggett)
1908-09 (Ripley with Edmund Thorton Miller)
1909-10 (Ripley with Eliot Jones)
1910-11 (Ripley with Ralph Cahoon Whitnack)
1911-12 (Ripley with Arthur Stone Dewing)

….etc.

1906-07. Ec 17. Railroad Practice (Dr. Stuart Daggett)
1907-08. Ec 17. Railroad Practice (Dr. Stuart Daggett)

Categories
Business Cycles Exam Questions Harvard Money and Banking

Harvard. Money, Banking, Crises. Description, enrollment, final exams. Day, 1912-1913

The origin of monetary macroeconomics at Harvard can be traced to the second decade of the twentieth century when money and banking became merged with the topic of commercial crises as taught by Edmund Ezra Day. This post offers rich biographical detail about the two teaching assistants for the course as an added bonus to the course description, enrollment and semester examinations.

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Banking, Foreign Exchange and Crises pre-1912/13

Links to earlier course material for Banking, Foreign Exchange, and Crises from Harvard, 1902-03 through 1911-12.

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Meet the Teaching Assistants

John Christopher Ise (Ph.D., 1914)

JOHN ISE, Mus.B.( Univ. of Kansas) 1908, A.B. (ibid.) 1910, LL.B.( ibid.) 1911, A.B. (Harvard Univ.) 1912. Subject, Economics. Special Field, Economics of Agriculture. Thesis, “The History of the Forestry Policy of the United States.” Assistant Professor of Economics, Iowa State College.

Source: Harvard University. Report of the President of Harvard College, 1913-1914, p. 93.

For greater biographical detail, see the post: Economics Ph.D. Alumnus, John Christopher Ise, 1914

*  *  *  *  *  *  *  *  *

Frederic Ernest Richter (A.M., 1916)

General Examination in Economics, Monday, May 18, 1914.
Committee: Professors Sprague (chairman), Turner, Gay, Day, and Anderson.
Academic History: Harvard College, 1909-13; Harvard Graduate School, 1913—. A.B., 1913. Assistant in Economics, Harvard, 1912—.
General Subjects: 1. Economic Theory and its History. 2. Economic History since 1750. 3. Statistics. 4. Money, Banking and Commercial Crises. 5. Economics of Corporations. 6. History of American Institutions since 1783.
Special Subject: Economics of Corporations.
Thesis Subject: “Underwriting and Marketing Securities in the United States and England.” (With Professor Sprague.)

Source: Harvard University Archives. Harvard University, Examinations for the Ph.D. (HUC 7000.70), Folder “Examinations for the Ph.D., 1913-14”.

Frederick Ernest Richter (1917)

Born at Brooklyn, N.Y., Jan. 25, 1889.
Parents: Charles, Mary Emma (Lockwood) Richter.
School: Boys’ High School and Adelphi Academy, Brooklyn, N.Y.
Years in College: 1909-13.
Degrees: A.B. 1913; A.M. 1916.
Unmarried.
Occupation: Assistant Professor.

Address: (home) 235 Bergen St., Brooklyn, N.Y.; (business) 31 West Lake St., Chicago, Ill.

THE three academic years following graduation I spent at Harvard, doing graduate work in economics; holding in the first two years an assistantship and in the last an instructorship and a tutorship in the department. I was, during this time, and am still, a candidate for a Ph.D. in economics. My doctoral thesis is “The Copper Industry of the United States, 1845-1915.” In connection therewith I was granted a small Sheldon Travelling Fellowship for the summer of 1915, for a trip to the chief copper-mining camps and copper smelteries of the United States. I had planned to stay at Harvard until I had received my doctorate, but in May of last year (1916) I was offered the position I now hold and accepted it. I now hope to come up for my degree in 1918.

During the summer of 1914, I carried on a little investigation into the seasonal character of the employment of labor on municipal work in and around Boston. This was done under the auspices of the American Association for Labor Legislation and a committee of the Boston Chamber of Commerce. It resulted in the first of the two articles mentioned below.

I am engaged to be married to Miss Eutha C. Downs of Baltimore, Maryland.

PUBLICATIONS: “Seasonal Fluctuations in Public Works,” in American Labor Legislation Review, June, 1915; “The Amalgamated Copper Company: a Closed Chapter in Corporation Finance,” in Quarterly Journal of Economics, February, 1916.

MEMBER: Harvard Club of Chicago; University Club of Evanston, Illinois; American Economic Association; American Statistical Association.

Source: Harvard College Class of 1913, Secretary’s Second Report,  (June, 1917), p. 262.

Frederick Ernest Richter (1920)

…TAKING up the narrative from 1916, I spent the academic year as Assistant Professor of Money and Banking at Northwestern School of Commerce, Chicago and Evanston, Ill. On June 27, 1917, I was married in Baltimore. In September, 1917, I was commissioned a 2nd Lieutenant in the Adjutant General’s Department. I was assigned to duty in Washington, where I remained until February, 1918, when I was ordered overseas. I was abroad until July, 1919, during most of which time I was Statistical Officer at the Air Service Headquarters. Immediately on my return to this country I was discharged [July 9, 1919, as 1st Lieutenant].
On August 13, 1919, I began work with the Guaranty Trust Co. of New York, at their main office, as a member of the editorial staff of the publicity department….

Source: Harvard College Class of 1913, Secretary’s Third Report,  (June, 1920), pp. 311-312.

Frederick Ernest Richter (1928)

Address (home): 81-28th St., Jackson Heights, L.I., N.Y. (business): c/o American Telephone & Telegraph Co., 195 Broadway, New York City.
Occupation: Economic Statistician.
Married: Eutha C. Downs, June 27, 1917.
Child: Eutha Helen, November 6, 1925.

 

Still with the American Telephone and Telegraph Company, in New York, where, as economic statistician, am in charge of the general economic research work and specifically of the studies of external business conditions. Been with the company since September, 1921. This being the case, and my residence being the same as it has been since 1921, and nothing exciting having happened to me, there’s nothing to report except the birth of our daughter, chronicled herewith. Said young lady has been the greatest of joys to her parents.

Necessarily do a great deal of writing of one sort or another, but have produced no books. Various articles on divers economic subjects have appeared over my signature (which means I really wrote ’em !) in the Harvard Business Review, the Quarterly Journal of Economics, the ( Harvard ) Review of Economic Statistics, the Journal of the American Statistical Association, the Annalist, and the Bell Telephone Quarterly.

Source: Harvard College Class of 1913, Fifteenth Anniversary Report,  (1928), pp. 168-169.

Frederick Ernest Richter (d. 7 Feb 1974)

F.E. Richter, economist, dies

Princeton, N.J., (Special)—Frederic Ernest Richter, an economist and former Baltimore resident died at a nursing home near here yesterday after a long illness.

Mr. Richter, who was 85 and lived in Princeton in recent years, had lived at the Broadview Apartments, in Baltimore, from 1961 to 1968.

He had moved to Baltimore, the hometown of his wife, the former Eutha Charlotte, Downs, whom he married in 1917, after his retirement as an economic consultant to the federal Renegotiation Board.

Before his 10-year association with the board in Washington, he had served as an economist with several New York firms.

A native of Brooklyn, N.Y. he graduated from Harvard University in 1913. He then taught at Harvard while obtaining a masters degree there.

In addition to his wife, he is survived by a daughter, Mrs. Gavin Hildick-Smith, of Princeton, and two grandsons.

Source: The Baltimore Sun, 8 February 1974, p. 11.

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ECONOMICS 3
Course Description
1912-13

[Economics] 3 (formerly 8). Money, Banking, and Commercial Crises. Mon., Wed., Fri., at 1.30. Dr. Day, assisted by ——.

This course aims to analyze the principal problems of money and credit. An examination is first made of the more important existing monetary systems. This is followed by a careful review of the more instructive chapters in the monetary history of England, Germany, France, the United States, Austria, British India, Mexico, and the Philippines.

The nature, origin, and early growth of commercial banking are considered. An investigation of present banking practice in England, France, Germany, and Canada is followed by a study of banking history and present banking problems in the United States. In this connection foreign exchange and the money markets of London, Paris, Berlin, and New York are examined.

Finally attention is turned to those problems of money and credit which appear most prominently in connection with economic crises. Though emphasis is thrown upon the financial aspects of the trade cycle, the investigation covers the more fundamental factors causing commercial and industrial fluctuations.

Short papers upon assigned topics will be required of all students.

Source: Harvard University. Division of History, Government, and Economics, Courses of Instruction, 1912–13, p. 60.

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ECONOMICS 3
Course Enrollment
1912-13

[Economics] 3. Money, Banking, and Commercial Crises. Dr. E. E. Day, assisted by Messrs. Ise and F. E. Richter.

Total 119: 3 Graduates, 31 Seniors, 67 Juniors, 16 Sophomores, 1 Freshman, 1 Other.

Source: Harvard University. Reports of the President and the Treasurer of Harvard College, 1912-13, p. 57.

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ECONOMICS 3
Mid-year Examination
1912-13

  1. Assuming the laws of the United States to remain unchanged, how would our monetary stock be affected if the market ratio of gold and silver should become 18 to 1; 15 to 1; 12 to 1?
  2. What monies circulated in the United States in 1810; 1850; 1862; 1887; 1900?
  3. State briefly the arguments for and against international bimetallism. How does the case for national bimetallism differ? What has caused bimetallism to disappear as an important political issue?
  4. In Austria, “after 1870, — the value of paper money with respect to silver steadily rose until in 1878 it reached parity with silver. … In 1879 the free or private coinage of silver was stopped.” Consider whether, after this action, the (1) silver pieces, and (2) the paper notes were commodity, credit, of fiat money? Had Austria not closed the mints to the free coinage of silver, how would the following have been affected in that country: (a) the monetary stock; (b) the monetary standard; (c) the value of money?
  5. Compare the clearing-house certificate with the clearinghouse loan certificate. What advantages result from the issue of the loan certificate? It has been said that, in 1907, by the issue of loan certificates, “all the reserves of all the banks were made available for those banks which were in temporary straits.” Do you agree? Why or why not?
  6. Explain briefly: (a) free-banking principle; (b) asset banking; (c) safety-fund system; (d) bond-secured circulation; (e) branch banking. Indicate, if possible, one advantage and one disadvantage in each. Cite an illustration of each in banking in the United States before 1860.
  7. Compare the joint-stock banks of England, the credit companies of France, and the credit banks of Germany with reference to: (a) their business; (b) the size and composition of their reserves; (c) their relation to their respective central banks.
  8. On November 11, 907, sterling exchange was quoted in New York at the following rates: long bills, 4.79 at ½ ; sight bills, 4.86 at ¼ ; cables, 4.89 at ¼ . Explain the differences in these rates.
    On the same day, gold was engaged by the New York banks for import. How do you account for this?

Source: Harvard University. Mid-year examinations, 1852-1943. Box 9, bound volume Examination Papers, Mid-Years 1912-13.

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ECONOMICS 3
Year-end Examination
1912-13

  1. What factors favored the monetary rehabilitation of silver in the United States during the 70’s? Which of these factors are still operative? Explain the disappearance of the others.
  2. What banking abuses were most common in the United States early in the nineteenth century? When and how, if at all, have these since been eliminated?
  3. What is the relation between the Bank of England rate and the London market rate of discount when (a) funds are abundant; (b) funds are relatively scarce? In what ways does varying the Bank rate accomplish the protection of the English banking reserves?
  4. What is meant by a free gold market? Are the following such: London; Paris; Berlin; New York? In each case, why or why not?
  5. How will the rate of sterling exchange in New York be affected by: (a) a crop failure in the United States; (b) hoarding of specie in Europe; (c) a slump on the New York Stock Exchange; (d) a banking panic in this country?
  6. “The call-loan market . . . furnishes to the banks of the country under the present organization of banking, their only means of mobilizing their reserves, of liquifying their assets, and of securing flexibility in their lending power.” Explain and criticize. How, if at all, should this feature of our system be changed?
  7. In the equation of exchange given by Professor Fisher, what is the relation of M, M’, V, and T (a) during a period of rising prices; (b) during a period of settled prices?
  8. Describe the crisis of 1873 with reference to: (a) its general antecedents; (b) its more important causes in the United States; (c) its final outbreak in this country; (d) the territorial extent of the reaction; (e) the severity and duration of the subsequent depression.

Sources: Harvard University Examinations. Papers set for final examinations in history, history of science, government, economics, philosophy, social ethics, education, fine arts, music in Harvard College (June 1913), pp. 41-42.

Image Source: Frank A. Nankivell’s cover drawing “The central bank” for Puck, vol. 67, no. 1718 (2 February 1910). J. Pierpont Morgan clutching to his chest with his right arm large New York City buildings labeled “Billion Dollar Bank Merger”; in the foreground, a young child puts a coin in a “Toy Bank” as Morgan’s left arm reaches around the buildings to grab the toy bank for himself.  United States Library of Congress, Prints and Photographs Division, Washington, D.C.

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Exams from earlier years

1902/03-1907/08. Commercial Crises and Trade Cycles (A.P. Andrew)
1906/07. Banking and Foreign Exchange (A.P. Andrew)
1907/08. Banking and Foreign Exchange (A.P. Andrew)
1908/09. Commercial Crises and Trade Cycles (Wesley Clair Mitchell)
1908/09. Banking and Foreign Exchange (W.C. Mitchell)
1909/10. Commercial Crises and Trade Cycles [Not offered].
1909/10. Banking and Foreign Exchange (O.M.W. Sprague)
1910/11. Commercial Crises and Cycles of Trade (E.E. Day)
1910/11. Banking and Foreign Exchange (E.E. Day)
1911/12. Money, Banking, and Commercial Crises (E.E. Day)

 

Categories
Economic History Exam Questions Harvard

Harvard. 19th century European economic history. Description, enrollment, final exam. Gay, 1912-1913

To add a personal touch to this artifact, it is headed with an image of a coal-miner, a “Collier”, the origin of Economics in the Rear-view Mirror‘s curator’s family name. And nothing says European Industrial Revolution quite like coal mines and steam engines.

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Earlier Harvard courses
on European economic history

Links to earlier course material for European Economic History from Harvard, 1883-84 through 1911-12.

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Meet the Teaching Assistant
Melvin Thomas Copeland

MELVIN THOMAS COPELAND, A.B. (Bowdoin Coll.) 1906, A.M. (Harvard Univ.) 1907. Subject, Economics. Special Field, Economic History. Thesis, ” The Organization of the Cotton Manufacturing Industry in the United States.” Frederick Sheldon Fellow, continuing his studies in Europe.

Source: Harvard University. Report of the President of Harvard College, 1909-1910, p. 100.

Biography

Melvin Thomas Copeland, 1884 to 1975, earned the BA from Bowdoin in 1906, an MA from Harvard in 1907, and a Ph.D. (Economics) from Harvard in 1910. He served as an Instructor in Economics at Harvard from 1909 to 1910 and at New York University from 1911 to 1912. He was an instructor at HBS from 1912 to 1918 and Professor of Marketing from 1919 to 1953. He was Director of the Bureau of Business Research at HBS from 1916 to 1926 and Director of Business Research from 1942 to 1953. Copeland served as Chair of the Massachusetts Committee on Post-War Readjustment from 1943 to 1946; chaired the Harvard Advertising Award Jury from 1925 to 1931; was a commentator on Harvard Business Reports from 1927 to 1931; and served on the Board of Overseers at Bowdoin College from 1934 to 1947. He was the author of the first casebook used at HBS, Marketing Problems, as well as numerous other publications on manufacturing, merchandising, process, and the role of business executives.

Source: Finding Guide to Melvin Thomas Copeland Papers, 1919-1953. Harvard Business School, Baker Library Special Collections and Archives.

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ECONOMICS 2a1
Course Description
1912-13

[Economics] 2a 1hf. (formerly 6a 1hf.). European Industry and Commerce in the Nineteenth Century. Half-course(first half-year). Th., Sat., at 9. Professor Gay, assisted by Mr. ——.

Course 2a undertakes to present the general outlines of the economic history of western Europe since the Industrial Revolution. Such topics as the following will be discussed: the economic aspects of the French Revolution and the Napoleonic régime, the Stein-Hardenberg reforms, the Zollverein, Cobden and free trade in England, labor legislation and social reform, nationalism and the recrudescence of protectionism, railways and waterways, the effects of transoceanic competition, the rise of industrial Germany.

Since attention will be directed in this course to those phases of the subject which are related to the economic history of the United States, it may be taken usefully before Economics 2b.

Source: Harvard University. Division of History, Government, and Economics, Courses of Instruction, 1912–13, p. 59.

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ECONOMICS 2a1
Course Enrollment
1912-13

[Economics] 2lhf. (formerly 6a 1hf). Professor Gay, assisted by Dr. M. T. Copeland. European Industry and Commerce in the Nineteenth Century.

Total 99: 16 Graduates, 14 Seniors, 44 Juniors, 17 Sophomores, 3 Freshmen, 5 Other.

Source: Harvard University. Reports of the President and the Treasurer of Harvard College, 1912-13, p. 57.

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ECONOMICS 2a1
Mid-year Final Examination
1912-13

  1. “The effect of Peel’s measures of 1842-1845 was to demonstrate how much the trade and industry of the country might be encouraged by the readjustment of fiscal burdens.” Explain.
    Is a similar readjustment needed in England at the present time? Why or why not?
  2. (a) How was the capital for the construction of railroads prior to 1870 obtained in the different European countries? Why?
    (b) Why was the railroad policy of Prussia modified after 1870? With what results?
  3. Compare the organization of the wool manufacturing industries in England, Germany, and France at the present time, explaining to what the differences are due. How far are these differences typical?
  4. Compare the English and Belgian methods of relieving the recent agricultural depression.
  5. In which industries have Kartells been formed in Germany? Why? Compare with the movement for combination in England.
  6. Explain the statement in regard to English agriculture that “after the middle of the eighteenth century the two revolutions, the industrial and the agricultural, which are indeed only manifestations of the same scientific and commercial spirit, go hand in hand and supplement one another.” Does this statement apply also to Germany? Why or why not?
  7. Discuss briefly —

(a) English “Friendly Societies”
(b) Pitt’s Sinking Fund.
(c) Zollverein.
(d) French shipping subsidies.
(e) Charter and line traffic.

Source: Harvard University Examinations. Papers set for final examinations in history, history of science, government, economics, philosophy, social ethics, education, fine arts, music in Harvard College (June 1913), pp. 39-40.

Image Source:  “The Collier” in George Walker, The Costume of Yorkshire (1814).

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Links to earlier course material for
European Economic History.
Harvard 1883-84 through 1911-12

1883-84. Economics 4. Economic History of Europe and America since the Seven Years’ War. [C.F. Dunbar]
1884-85. Economics 4. Economic History of Europe and America since the Seven Years’ War. [C.F. Dunbar]
1885-86. Economics 4. Economic History of Europe and America since the Seven Years’ War. [C.F. Dunbar]
1886-87. Economics 4. Economic History of Europe and America since the Seven Years’ War. [C.F. Dunbar]
1887-88. Economics 4. Economic History of Europe and America since the Seven Years’ War. [C.F. Dunbar]
1888-89. Economics 4. Economic History of Europe and America since the Seven Years’ War. [Gray]
1889-90. Economics 4. Economic History of Europe and America since the Seven Years’ War. [A.C. Miller]
1890-91. Economics 4. Economic History of Europe and America since the Seven Years’ War. [C.F. Dunbar]
1891-92. Economics 4. Economic History of Europe and America since the Seven Years’ War. [W.M. Cole]
1892-93. Economics 4. Economic History of Europe and America since the Seven Years’ War. [W.M. Cole]
1892-93. Economics 10. Economic History of Europe and America, to 1763. [W.J. Ashley]
1893-94. Economics 10. Elements of Economic History from the Middle Ages to Modern Times. [W.J. Ashley]
1893-94. Economics 13. Development of Land Tenures and of Agrarian Conditions in Europe. [W.J. Ashley]
1894-95. Economics 10. Elements of Economic History from the Middle Ages to Modern Times. [W.J. Ashley]
1895-96. Economics 10. Mediaeval Economic History of Europe. [W.J. Ashley]
1896-97. Economics 11. Modern Economic History of Europe and America [W.J. Ashley]
1897-98. Economics 11. Modern Economic History of Europe and America [W.J. Ashley]
1898-99. Economics 8. Western Civilization, mediaeval and modern, in its Economic Aspects [W. Cunningham, Reading List]
1898-99. Economics 11. Industrial Revolution in England. [W. Cunningham]
1899-1900. Economics 11. Modern Economic History of Europe [W.J. Ashley, Reading List]
1900-01. Economics 10. Mediaeval Economic History of Europe. [W.J. Ashley]
1901-02. No course in European economic history offered.
1902-03. Economics 10. Mediaeval Economic History of Europe. [E.F. Gay]
1902-03. Economics 11. Modern Economic History of Europe [E.F. Gay]
1903-04. Economics 10. Mediaeval Economic History of Europe. [not offered]
1903-04. Economics 11. Modern Economic History of Europe [E.F. Gay]
1903-04. Economics 24. General Outlines of Agrarian History [E.F. Gay]
1904-05. Economics 10. Mediaeval Economic History of Europe. [E.F. Gay, only one student enrolled, no printed exam available]
1904-05. Economics 11. Modern Economic History of Europe [E.F. Gay]
1905-06. Economics 10. Mediaeval Economic History of Europe. [E.F. Gay]
1905-06. Economics 11. Modern Economic History of Europe [E.F. Gay]
1906-07. Economics 6a. European Industry and Commerce in the Nineteenth Century. [E.F. Gay]
1906-07. Economics 10. Mediaeval Economic History of Europe. [not offered]
1906-07. Economics 11. Modern Economic History of Europe [E.F. Gay]
1907-08. Economics 6a. European Industry and Commerce in the Nineteenth Century. [E.F. Gay]
1907-08. Economics 10. Mediaeval Economic History of Europe. [not offered]
1907-08
. Economics 11. Modern Economic History of Europe. [E.F. Gay]
1908-09. Economics 6a. European Industry and Commerce in the Nineteenth Century. [E.F. Gay with M.T. Copeland]
1908-09. Economics 10. Mediaeval Economic History of Europe. [not offered]
1908-09. Economics 11. Modern Economic History of Europe. [not offered]
1909-10. Economics 6a. European Industry and Commerce in the Nineteenth Century. [E.F. Gay with H. L. Gray]
1909-10. Economics 10. Mediaeval Economic History of Europe [H.L. Gray]
1909-10. Economics 11. Modern Economic History of Europe [E.F. Gay]
1910-11. Economics 6a. European Industry and Commerce in the Nineteenth Century. [E.F. Gay with J. Klein]. Reading list included.
1910-11. Economics 11. Modern Economic History of Europe [E.F. Gay]
1911-12. Economics 6a. European Industry and Commerce in the Nineteenth Century. [E.F. Gay with J. Klein].
1911-12. Economics 11. Advanced Modern European Economic History. [E.F. Gay]

Categories
Chicago Exam Questions Theory

Chicago. Graduate Economic Theory Prelim Questions. Winter, 1953

 

Links to previously posted Chicago prelim exams.

_____________________

ECONOMIC THEORY I
Part I

Written examination for the Ph.D. and A.M. Degrees Winter Quarter, 1953
  1. I. —
    1. a. —
      1. 1.  [5 points] What will be the relation between the demand curve for a product at retail and the demand curve for the same product at the manufacturing level? Which would you expect to be the more elastic at the relevant equilibrium price and why?
      2. 2. [5 points] What, if anything, is implicitly assumed in the wording of the above question about the state of competition at either the retail or manufacturing level?
    2. b.  —
      1. 1.  [5 points] Draw a system of production indifference curves showing the alternative combinations of two factors of production (A and B) required to produce given outputs of X. What properties of the shapes of your curves can be justified in general.
      2. 2. [2 points] Show how to determine the combination of factors that will be used for a given relative price of A and B.
      3. 3. [3 points] Show how to determine the effect of changes in the relative price of A and B on the combination of factors.
  2. II.—
    1. a. [10 points] Consider two industries: X which is competitive, and Y, monopolistic. The supply curve in X is horizontal, the marginal cost curve of the monopolistic firm in Y is also horizontal (constant marginal cost). Demand declines by 25% in both industries in the sense that the quantity demanded at each price declines by 25%. The supply and cost curves are unaffected. What happens to price in X? In Y?
    2. b. [10 points]  “Rubber growers have long complained that American synthetic rubber, produced in government plants, is sold below its true cost, thus subsidising its consumption at the expense of natural rubber. Since the new Administration is expected to dispose of the synthetic plants to private owners, the growers are now hoping that an economic price will soon be charged for the product … The potential range of prices at which private industry might sell synthetic rubber … obviously … would depend to a considerable extent on the terms at which the American Government might transfer the plants. Mr. Heilman (in an article in Natural Rubber News) suggests that if the plants are leased, or sold at depreciated book values, the new operators would be able to sell ‘standard cold synthetic rubber’ at only 22 cents a lb, assuming that annual output did not exceed 600,000 tons. If the factories were to be sold at their full replacement cost, the selling price might be 25-26 cents a lb for output of up to 450,000 tons of cold rubber a year, rising to 28-30 cents a lb for output up to 600,000 tons.

“Whatever disposal arrangements are made, realistic provision against obsolescence, at replacement costs, would in Mr. Heilman’s opinion fix the long-term selling price between 25 and 30 cents … a lb.”
The Economist, January 24, 1953, p. 238 (underlinings added)

Do you agree with the underlined statement? Justify your answer.

  1. [20 points] In Chicago, as in most other large cities, taxicab fares are fixed by the municipality. Suppose, (though this is not the case), that anyone who wants to operate a taxi at these fares is automatically granted a license to do so, subject perhaps to some objective test of ability to drive, so that entry is essentially free. Analyze the equilibrium position corresponding to any given fare. Contrast the characteristics of this equilibrium position when the fare which is set relatively “high” and relatively “low”, in terms of number of cabs, income of cab drivers or owners, and any other relevant characteristics of the equilibrium.
  2. [20 points] Summarize briefly the principal contributions to economic thought of the following; indicating their approximate chronological order:
    1. Eugen von Böhm-Bawerk
    2. Leon Walras
    3. Wesley C. Mitchell
    4. Joan Robinson
    5. Irving Fisher
    6. Thorstein Veblen
    7. Francois Quesnay
    8. Johann von Thünen
    9. Antoine Augustin Cournot
  3. V. [20 points] It is argued by some that a permanent program of subsidies to farmers benefits farmers at the expense of the rest of the community. It is argued by others that it benefits no one, but simply imposes a loss on the community as a whole.
    Does the difference between these two reflect an error in analysis or a difference in empirical assumptions? Explain your answer.
  4. VI. [20 points] Keynes and Knight find it necessary to define the “marginal efficiency of capital” or the “rate of return on investment”, as the rate of return that makes cumulated costs equal to discounted returns. Why do they use this indirect procedure of solving an equation instead of the direct procedure used for labor, say, of calculating the rate at which total product changes per unit change in the amount of labor for given amount of the factors of production?

_____________________

ECONOMIC THEORY, PART II

Written examination for the Ph.D. and A.M. Degrees
Winter Quarter, 1953

Write on questions 1, 2, and 1 other.  Time: 2½ hours.

Do not place your name on your paper.  Give only your number.

  1. How are the following concepts related to each other and what role do they play in explaining the level of prices and of national income?
    1. Velocity of circulation
    2. Average proportion of individuals’ wealth held in cash
    3. Average ratio of individuals’ cash to their income
    4. Liquidity preference
    5. Effect of expected change in prices upon cash balances
    6. Effect of the interest rate upon cash balances
  2. What are the relative merits of a national monetary system with free exchange rates, and an international gold standard? Why should not each of the 48 states have its own monetary system?

Answer any one of the following:

  1. Discuss the points of view in the following statement on the decontrol of prices:

What the long-range effect of decontrol will be nobody knows. Some members of Congress say wage increases will now start another inflationary spiral, but others think the country’s productive capacity will effectively control prices unassisted by a tightening of government credit and money policies.

  1. There has been some agitation in recent years for raising the buying price of the U. S. Treasury for gold. What are the arguments in favor of such action? What would be the probable effects on the following countries: Great Britain, South Africa, the United States, Russia?
  2. Outline the outstanding monetary and banking legislation in the United States from 1861 to 1935.

Source: Hoover Institution Archives. Papers of Milton Friedman, Box 76, Folder “76.10”.

Image Source: Social Science Research Building. University of Chicago Photographic Archive, apf2-07490, Special Collections Research Center, University of Chicago Library.

__________________________

Preliminary and Field Exams from the economics graduate program of the University of Chicago

Note: The chronological ordering of quarters at the University of Chicago during a calendar year goes Winter, Spring, Summer, Autumn. For this reason the following is arranged chronologically.

 

Categories
Economic History Exam Questions Harvard

Harvard. US Economic History. Description, enrollment, final exam. Gay, 1912-1913

 

________________________

Earlier Harvard courses
on U.S. economic history

Links to earlier course material for U.S. Economic History taught at Harvard, 1901-1902 through 1911-12.

_______________________

ECONOMICS 2b
Course Description
1912-13

[Economics] 2b 2hf. (formerly 6b 2hf.). Economic and Financial History of the United States. Half-course (second half-year). Tu., Th., Sat., at 9. Professor Gay, assisted by Mr. ——.

The following are among the subjects considered: aspects of the Revolution and commercial relations during the Confederation and the European wars; the history of the protective tariff policy and the growth of manufacturing industries; the settlement of the West and the history of transportation, including the early canal and turnpike enterprises of the states, the various phases of railway building and the establishment of public regulation of railways; banking and currency experiences; various aspects of agrarian history, such as the public land policy, the growth of foreign demand for American produce and the subsequent competition of other sources of supply; certain social topics, such as slavery and its economic basis, and the effects of immigration.

Source: Harvard University. Division of History, Government, and Economics, Courses of Instruction, 1912–13, p. 60.

_______________________

ECONOMICS 2b
Course Enrollment
1912-13

Economics 2b 2hf. Professor Gay, assisted by Dr. M. T. Copeland. Economic and Financial History of the United States.

Total 124: 18 Graduates, 22 Seniors, 50 Juniors, 27 Sophomores, 1 Freshman, 6 Other.

Source: Harvard University. Reports of the President and the Treasurer of Harvard College, 1912-13, p. 57.

_______________________

ECONOMICS 2b
Year-end Final Examination
1912-13

  1. “The most important feature of life in a newly settled community is its commercial connection with the rest of the world.” Why? How is this illustrated (a) by the history of the American colonies and (b) by the history of the West?
  2. What were the causes for the decline of the American merchant marine? What attempts have been made to assist its recovery? With what results?
  3. Compare in its main features the economic history of the decade 1830-40 with that of the decade 1880-90.
  4. Compare the conditions which stimulated industrial combinations in the ’90’s with those which resulted in railroad combinations in the ’70’s.
  5. Within the last twelve months the New England Cotton Yarn Company, the U. S. Finishing Company, and the International Cotton Mills Corporation have each undergone reorganization. What was the earlier history of these companies and how far did that history foreshadow the necessity for such reorganizations?
  6. If you were to establish a mill for manufacturing silk goods at the present time, how would the conditions which you would meet in that industry differ from those which confronted a silk manufacturer forty or forty-five years ago? Why have these changes taken place? How far are they typical of the general industrial development of the United States during this period?
  7. (a) Comment on the following statement, which was made in a speech in Congress in 1846. “It is a protective tariff which gives to American industry the only effectual guaranty that it will not be brought down to a level with the degraded labor of Europe. It furnishes the only security that our standard of wages is not to be measured by the cost of production in those countries where the life of the laborer is but an incessant struggle for bread.”
    (b) Judging from the history of the years 1893-1900, as well as from present conditions, is the present year more or less opportune than 1909 for a downward revision of the tariff? Why?

Source: Harvard University Examinations. Papers set for final examinations in history, history of science, government, economics, philosophy, social ethics, education, fine arts, music in Harvard College (June 1913), pp. 40-41.

Image Source: Website of the Office of the Comptroller of the Currency. Webpage: History. Lincoln and the Founding of the National Banking System.

“Lincoln and Chase working on the national banking legislation. N.C. Wyeth painted this mural in the lobby of what was then the Federal Reserve Bank of Boston. The former bank building is today the Langham Hotel.”

________________________

Economic History Materials
Posted Earlier

Economic History of the United States

1901-02. Economics 6. Economic History of the United States. [O.M.W. Sprague and J.H. Patten]

1902-03. Economics 6. Economic History of the United States. [O.M.W. Sprague]

1903-04. Economics 6. Economic History of the United States. [O.M.W. Sprague]

1904-05. Economics 6. Economic and Financial History of the United States. [O.M.W. Sprague]

1905-06. Economics 6. Economic and Financial History of the United States [with Frank W. Taussig]

1906-07. Economics 6b. Economic and Financial History of the United States. [E.F. Gay]

1907-08. Economics 6b. Economic and Financial History of the United States. [E.F. Gay]

1908-09. European and U.S. Economic History. Reading Lists and Exams. [E.F. Gay]

1909-10. European and U.S. Economic History. Reading Lists and Exams. [E.F. Gay and H.L. Gray]

1910-11. Economic and Financial History of the U.S. [Gay and Klein]. Including reading list.

1911-12. Economics 6b. U.S. Economic History. E.F. Gay with J. Klein].

Categories
Exam Questions Harvard Principles

Harvard. Principles of Economics. Description, enrollment, and final exams. Taussig and Day, 1912-1913

In the beginning (of economics instruction) was Economics 1. And the Word was Frank Taussig’s at early 20th century Harvard.

 _________________________

Exams for principles (a.k.a. outlines)
of economics at Harvard
1870/71-1911/12

1871-75 1880-81 1890-91 1900-01 1910-11
1881-82 1891-92 1901-02 1911-12
1882-83 1892-93 1902-03
1883-84 1893-94 1903-04
1884-85 1894-95 1904-05
1885-86 1895-96 1905-06
1876-77 1886-87 1896-97 1906-07
1877-78 1887-88 1897-98 1907-08
1878-79 1888-89 1898-99 1908-09
1879-80 1889-90 1899-00 1909-10

 Frank Taussig completed the first edition of his Principles of Economics [Volume IVolume II] in March 1911 [Preface]. Links to the references from that first edition have been posted. Taussig expected his students to acquire a personal copy of the textbook and wrote a letter (transcribed and posted here) to Harvard President Lowell, dated October 6, 1911 giving his reasons for not putting a large number of copies into libraries as a reference book for students for them to consult. Taussig did allow one major exception to his textbook ownership policy: “I do not want to compel the poor fellows to buy my book. There is a text-book loan library in Phillips Brooks House, and this I have supplied with a sufficient number of copies for the use of the needy.”

For those seeking further questions, one might consult the book first published in 1915 by Edmund Ezra Day and Joseph Stancliffe Davis, Questions on the Principles of Economics (New York: Macmillan, 1915).  From their Preface (p. vi):  “The book is arranged particularly for use with Professor Taussig’s ‘Principles of Economics’ (revised edition, 1915).”

_______________________

Meet the Teaching Assistants
Econ. 1. Principles of Economics
1912-13

Heilman, Ralph Emerson. Ph.D. Harvard 1913.

RALPH EMERSON HEILMAN, Ph.B. (Morningside Coll.) 1906, A.M. (Northwestern Univ.) 1907.
Subject, Economics. Special Field, Social Ethics. Thesis, ” Chicago Traction: A Study in the Efforts of the City to Secure Good Service.” Assistant Professor of Economics, State University of Iowa.

Source: Report of the President 1912-13, p. 90.

Jones, Eliot. Ph.D. Harvard 1913.

ELIOT JONES, A.B. (Vanderbilt Univ.) 1906, A.M. (Harvard Univ.) 1908.
Subject, Economics. Special Field, Railroad Transportation. Thesis, ” The Anthracite Coal Combination in the United States, with some Account of the Early Development of the Anthracite Industry.” Instructor in Economics, University of Pennsylvania.

Source: Report of the President 1912-13, p. 90.

Burbank, Harold Hitchings. Ph.D. Harvard 1915.

HAROLD HITCHINGS BURBANK, A.B. (Dartmouth Coll.) 1909, A.M. (ibid.) 1910.
Subject, Economics. Special Field, Public Finance. Thesis, ” The General Property Tax in Massachusetts, 1775 to 1792, with some Consideration of Colonial and Provincial Legislation and Practices.” Instructor in Economics, and Tutor in the Division of History, Government, and Economics, Harvard University.

Source: Report of the President 1914-15, p. 103.

Crosgrave, Lloyd Morgan. A.B. (Indiana) 1909, A.M. (Harvard University) 1911.

Travelling Fellow. Frederick Sheldon Fellow. Economics. Brussels. Instructor in Economics, University of Minnesota. From Report of the President 1913-1914, p. 98.;

Source: Harvard University. Quinquennial catalogue (1930), pp. 63, 712.

Lloyd M. Crosgrave

BIRTH. 21 Apr 1887. Jamestown, Chautauqua County, New York, USA

DEATH. 19 Jun 1961 (aged 74). Muncie, Delaware County, Indiana, USA

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

LLOYD CROSGRAVE, EX-UNIVERSITY PROF, DIES HERE

Lloyd M. Crosgrave, 74, 2320 S. Walnut St., died at home at 11:30 a.m. Monday after an extended illness. Crosgrave was born in Jamestown, N.Y., and moved to Muncie when he was five years old.

He attended Purdue University, received his bachelor’s degree at Indiana University and his master’s in economics at Harvard. He taught economics at Harvard, IU, the University of Minnesota, and the University of Pittsburgh.

He retired from teaching several years ago due to failing health. Since then he has owned and operated a greenhouse at his home where he grew house plants, specializing in the growing of African violets.

Crosgrave was a member of the Senior Citizens of Muncie.

He is survived by a sister, Miss Pearl G. Crosgrave, who resided at the same address.

Muncie Evening Press. Mon, Jun 19, 1961, p. 8

Source: Find-A-Grave webpage for Lloyd W. [sic] Crosgrave.

Eldred, Wilfred. Ph.D. (Harvard University, 1919).

WILFRED ELDRED, A.B. (Washington and Lee Univ.) 1909, A.M. (ibid.) 1909, A.M. (Harvard Univ.) 1911. Subject, Economics. Special Field, Economic History. Thesis,’ The Wheat and Flour Trade of the United States under the Control of the Food Administration.” Statistician, U. S. Grain Corporation, 42 Broadway, New York, N. Y.

Source: Report of the President 1918-19, p. 81.

_______________________

ECONOMICS 1
Course Description
1912-13

Course 1 is introductory to the other courses. It is intended to give a general survey of the subject for those who take but one course in Economics, and also to prepare for the further study of the subject in advanced courses. It is usually taken with most profit by undergraduates in the second year of their college career. It may not be taken by Freshmen without the consent of the instructor. History 1 or Government 1, or both of these courses, will usually be taken to advantage before Economics 1….

[Economics] 1. Principles of Economics. Tu., Th., Sat., at 11. Professor [Frank William] Taussig and Dr. [Edmund Ezra] Day, assisted by Messrs. ——, ——.

Course 1 gives a general introduction to economic study, and a general view of Economics for those who have not further time to give to the subject. It undertakes a consideration of the principles of production, distribution, exchange, money, banking, international trade, and taxation. The relations of labor and capital, the present organization of industry, and the recent currency legislation of the United States will be treated in outline.

The course will be conducted partly by lectures, partly by oral discussion in sections. A course of reading will be laid down, and weekly written exercises will test the work of students in following systematically and continuously the lectures and the prescribed reading. Course 1 may not be taken by Freshmen without the consent of the instructor.

Source: Harvard University. Division of History, Government, and Economics, Courses of Instruction, 1912–13, pp. 57-58.

_______________________

ECONOMICS 1
Course Enrollment
1912-13

[Economics] 1. Professor Taussig and Dr. E. E. Day, assisted by Messrs. Heilman, Jones, Burbank, Crosgrave, and Eldred. Principles of Economics.

Total 481: 1 Graduate, 21 Seniors, 93 Juniors, 307 Sophomores, 21 Freshmen, 38 Others.

Source: Harvard University. Reports of the President and the Treasurer of Harvard College, 1912-13, p. 57.

_______________________

ECONOMICS 1
Mid-year Final Examination
1912-13

[Arrange your answers strictly in the order of the questions. Answer all the questions; and give your reasons in every case.]

  1. Give examples of each of the following:—

vertical combination;
internal economies;
localization of industry;
increasing returns.

  1. In the case of a commodity produced under constant returns, does demand determine the price of the commodity or the quantity produced? Illustrate by diagram.
    Would your answer be the same if the commodity were produced under diminishing returns?
  2. The cost of raising wheat on new land in Canada is said to be far below the average cost raising of wheat in the United States. Supposing this to be the case, can wheat grown in the United States continue to be sold in foreign countries in competition with Canadian wheat?
  3. How would a great increase in the world’s supply of gold affect:—

(1) The value of the gold dollar.
(2) The value of the silver dollar.
(3) The price of silver bullion.
(4) The price of gold bullion.

  1. State briefly what was the course of prices in the United States (a) between 1860 and 1870, (b) between 1900 and 1910. What were the causes of the price changes in each period; what evils arose; and how could the evils have been avoided?
  2. Arrange the following items of a bank statement in their proper order:—
Loans $380,000
Bonds $50,000
Notes $50,000
Capital $100,000
Other Assets $40,000
Surplus $30,000
Undivided Profits $10,000
Real Estate $22,000
Deposits $350,000
Due from banks $10,000
Notes of other banks $3,000
Cash $35,000

Could this be the statement of a national bank, conducting its business in conformity to law?
Suppose the bank to sell bonds which on this statement are carried as worth $20,000; selling them at a profit of $1,000, and receiving cash for them. Rearrange the statement, and consider whether it could then be the statement of a national bank conducting its business in conformity to law.

  1. How would a great increase in the production of gold in the United States affect:—

the imports and exports of the United States;
the “balance of trade” of the United States;
the price of foreign exchange in New York?

  1. Suppose large remittances to be made by immigrants from the United States to their native countries: what consequences would you expect on (1) the stock of specie circulating in the United States; (2) the relation between merchandise exports and imports; (3) the gain which the people of the United States secure from foreign trade?
  2. Which of the following would you reckon as part of the wealth of the country? as part of its capital?

The Great Lakes,
The Panama Canal,
Deposits in banks.

  1. Is the establishment of a manufacturing industry, brought into existence by a protective tariff, advantageous in that it creates a home market for agricultural products?

Source: Harvard University. Mid-year examinations, 1852-1943. Box 9, bound volume Examination Papers, Mid-Years 1912-13.

_______________________

ECONOMICS 1
Year-end Final Examination
1912-13

  1. To what extent and in what manner do the following contribute to the formation of capital: (a) a government loan; (b) the stock exchange; (c) commercial banks; (d) the corporate form of business organization?
  2. Explain “margin of cultivation.” Distinguish between the intensive margin of cultivation and the extensive margin of cultivation. What is the relation between (a) the margin of cultivation in agriculture and the price of a bushel of wheat; (b) the margin in gold mining and the value of an ounce of gold?
  3. Assume that a monopoly produces a commodity under conditions of constant cost. What determines the extent to which the monopoly price will be above the price which competition, if existent, would establish? Illustrate by diagram.
  4. The rentals from a New York office building amount to $50,000 a year. The building is worth $200,000. To provide for insurance, depreciation and such fixed items, $10,000 is expended annually. The current rate of interest upon investments of equal security is 5%. What is the value of the land?
  5. What is “dumping “? What induces it? To what extent is it dependent upon (a) monopoly conditions; (b) tariff barriers?
  6. Explain briefly why (a) the rates of wages are generally higher in the United States than in Germany; (b) higher for plumbers than for unskilled laborers; (c) for domestic servants than for women employed in shops and factories. Suppose a socialist community apportioning wages on the basis of equality of sacrifice: would these differences persist?
  7. How are the wages and the number employed within a particular industry affected, immediately and ultimately, by the invention of labor-saving devices in that industry?
  8. Explain: (a) railroad rebates; (b) over-capitalization; (c) public service industries; (d) “reasonable restraint of trade”; (e) stoppage at the source.

Sources: Harvard University Examinations. Papers set for final examinations in history, history of science, government, economics, philosophy, social ethics, education, fine arts, music in Harvard College (June 1913), pp. 38-39.

Image Source: Frank William Taussig and Edmund Ezra Day’s portraits from The Harvard Class Album, 1915.

Categories
Exam Questions M.I.T. Theory

M.I.T. General Examination in Economic Theory. May, 1956

[M.I.T.]

GENERAL EXAMINATION
IN ECONOMIC THEORY

May 14, 1956

Answer FIVE questions in all. If you have studied mathematical economics you are urged to take at least one, but not more than two questions from Part II.

PART I
  1. “Within the restrictions of static-equilibrium analysis, an increase of demand will normally increase price, whether the good is produced under conditions of pure competition or monopoly.” Explain fully why you agree or disagree.
  2. It is sometimes implied that the duopoly problem has a unique solution provided that the duopolists fully recognize their mutual interdependence. What can be said for and against this view?
  3. “Under the complex conditions of the real world, marginal productivity concepts are relevant in explaining the factor quantities that an individual firm will use, but those concepts have no relevance in explaining the distribution of income.” Discuss.
  4. Treating each situation separately identify the underlying conditions that are implied such that each of the following will be possible:
    1. a redistribution of given total quantities of goods such that all consumers are better off;
    2. a reallocation of given total quantities of factors such that greater quantities of all goods can be produced;
    3. a reallocation of given total quantities of factors such that more of one good and less of another will make all consumers better off;
    4. an increase of the working day such that more goods and less leisure will make all laborers better off.
  5. In a truly competitive economy with just two goods (food and clothing) and two factors (labor and land), assume that the food industry is unambiguously the relatively land-intensive one. Supposing now that an innovation makes it possible to produce more food than before with any given factor quantities, discuss the alternatively possible effects on the welfare of both laborers and landlords.
  6. It has been suggested that the main result of the pure theory of consumer demand is the following proposition: if demand for a commodity increases when income increases, the demand will also increase when its price falls.
    1. Prove that this proposition is indeed true.
    2. Do you agree that this is the main consequence of the pure theory of demand?
    3. How important a part of economic theory is the theory of demand?
  7. An apple orchard and a bee-keeper exist next to each other. The more carefully the orchard is cultivated, the more honey the bees can extract from the blossoms. The more bees there are in the apiary, the more they pollinate the apple blossoms and the higher the yield of fruit. What kinds of misallocations of resources are likely to occur in this situation? How could they be corrected? Does this situation have any important parallel in the modern world?
  8. Compare the interest theories of Böhm-Bawerk, Fisher, and Keynes. Are they fundamentally compatible?
Part II
  1. Crusoe maximizes

U = ⅓ log x₁ + ⅔ log x₂

subject to
p₁x₁ + p₂x₂ = I

Derive his econometric demand functions.

  1. What is the difference between Hicksian stability and “true dynamic stability”? Assuming income effects can be neglected, show that the concepts turn out to be identical.
  2. State Euler’s theorem on homogeneous functions and give two or three different economic applications. Show that a Cobb-Douglas function is the only first degree homogeneous function for which relative shares are constant. Deduce the elasticity of demand for labor for a C-D function.

Source: Duke University. David M. Rubenstein Rare Book and Manuscript Library, Economists’ Papers Archive. Paul Samuelson Papers, Box 33, Folder “Teaching Exams. 1952 and 1956”.

Image Source: The M.I.T. beaver featured on the cover the cover of Technique 1949.

Categories
Chicago Exam Questions Theory

Chicago. PhD Exam in Economic Theory. Autumn 1946

 

Links to previously posted Chicago prelim exams.

_____________________

ECONOMIC THEORY

Written Examination for the Ph.D. Degree
Autumn Quarter, 1946

Ph.D. Candidates:  4 hours.  Answer all the questions.  Papers will be taken up after 10 or 15 minutes warning.

  1. Define or explain:
    1. Elasticity of Demand; point and arc elasticity; income elasticity; cross elasticity.
    2. Demand curve; utility curve; indifference curve; indifference map; marginal rate of substitution.
    3. Substitution effect and income effect.
    4. Complementary goods.
    5. Real vs. alternative cost.
    6. Price-determined vs. price-determining cost.
    7. Rent and quasi-rent.
    8. Profit.
  2. In what sense and under what conditions (if at all) does cost of production determine price, (a) in the long run, (b) in the short run.(If it never does, explain the fallacy.)
  3. Briefly describe the three or four main contributions (naming the chief author of each) to the development of the concept of capital and theory of interest, beginning with Ricardo and ending with what you consider “correct” doctrine.In each case bring out the relation of capital to other “productive factors” and to money, and that of its yield to other forms of income.
    1. Define profit for the purpose of distribution theory.
    2. Discuss the social advisability of a legal limitation, in advance from the beginning, on the rate of return on investment in fields where it is highly uncertain (such as public utilities and explorative and development of natural resources – i.e. single tax).
    3. Comment on the ethics and policy of imposing such a limitation, by regulation or taxation, on enterprises already proven highly profitable.
  4. Discuss the wisdom of the policy described in the following quotation:

“In conversations with gold mining engineers a phrase glibly and frequently repeated is ‘sweetening the ore.’ By this phrase reference is made to the practice of diverting production in profitable periods to the poorer ores and perhaps restricting output in the richer fields. Under this practice the better ores are preserved for periods in which mining costs have risen so that over a long period of time output can be held more steady. Contributing also to a policy of sweetening the ores is the reluctance of producers to install capital equipment in a period in which the tendency is for mining expenses to increase with the general advance of wages and living costs. By the time the equipment is installed it might be expected that wages and price levels would be adjusted to the increased price of gold.”

Source: Hoover Institution Archives. Milton Friedman Papers, Box 76, Folder “76.2 “University of Chicago ‘Economic Theory’”.

Image Source: Detail from the Social Science Research Building. University of Chicago Photographic Archive, apf2-07448, Hanna Holborn Gray Special Collections Research Center, University of Chicago Library.

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Preliminary and Field Exams from the economics graduate program of the University of Chicago

Note: The chronological ordering of quarters at the University of Chicago during a calendar year goes Winter, Spring, Summer, Autumn. For this reason the following is arranged chronologically.

Categories
Exam Questions Harvard Social Insurance Social Work

Harvard. Social Ethics Courses. Enrollments and Final Exams. Peabody et al., 1911-1912

Harvard professor Francis G. Peabody and his team tried to establish something like a school of social work at Harvard that offered courses covering a great range of economic and social policy. As befitting a “Department of Social Ethics” the emphasis was on applied ethics, which is something distinct from the interest of a Department of Economics in applied economics. The intersection of the two was located in real-world problems.

Previously posted course material for social ethics at Harvard.

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Social Ethics Instructors
1911-12

Jeffrey Richardson Brackett
Robert Franz Foerster
James Ford
Ray Madding McConnell
Francis Greenwood Peabody

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Social Ethics 1-7
1911-12

Social Ethics 1. Application of Ethical Theory
Social Ethics 2. Practical Problems of Social Service
Social Ethics 3. Criminology and Penology [omitted 1911-12]
Social Ethics 4. Selected Topics in Social Ethics
Social Ethics 5. The Moral Responsibilities of the Modern State [omitted 1911-12]
Social Ethics 6. Social Amelioration in Europe
Social Ethics 7. Rural Social Development

The courses in this group are designed to apply philosophical principles to the modern problems of philanthropy, industry, and social life. They begin with a general introduction to Social Ethics and proceed to methods of applied ethics which approach those of a professional school. Students should have already elected courses both in Philosophy and in Economics, and should regard the courses in Social Ethics as concerned with the transition from academic to practical life.

Source: Division of History, Government, and Economics: 1911-12 (1st ed.). Official Register of Harvard University, Vol. VIII, No. 23 (June 15, 1911), pp. 70-74.

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Application of Ethical Theory
to Present Social Problems

Course Description
1911-12

  1. The Problems of Poor-Relief, The Family, Temperance, and various phases of the Labor Question, in the light of Ethical Theory. Lectures, special researches, and prescribed reading. Tu., Th., Sat., at 10. Professor Peabody, Dr. McConnell, Dr. Ford, and Dr. Foerster.

This course is an application of ethical theory to the social problems of the present day. It is to be distinguished from economic courses dealing with similar subjects by the emphasis laid on the moral aspects of the social situation and on the philosophy of society involved. In addition to lectures and required reading a special and detailed report is made by each student, based as far as possible on personal research and observation of scientific methods in industrial reform. These researches are arranged in consultation with the instructors; and an important feature of the course is the suggestion and direction of such personal investigation and the provision to each student of special literature and opportunities for observation. Students are advised, before beginning the study of Social Ethics, to take courses both in Economics and Philosophy; and must have taken a course, or the equivalent of a course, in one of these subjects.

The following courses are planned for students who take or have taken Social Ethics 1 or its equivalent.

Source: Division of History, Government, and Economics: 1911-12 (1st ed.). Official Register of Harvard University, Vol. VIII, No. 23 (June 15, 1911), p. 70.

Course Enrollment
1911-12

Social Ethics 1 2hf. Professor Peabody, Drs. Ford and Foerster. — Social Problems in the light of ethical theory.

Total 43: 3 Graduates, 11 Seniors, 12 Juniors, 8 Sophomores, 2 Freshmen, 7 Others.

Source: Harvard University. Report of the President of Harvard College, 1911-1912, p. 69.

SOCIAL ETHICS 1
Year-end Final Examination
1911-12

This paper should be considered as a whole. The time should not be exhausted in answering a few questions, but such limits should be given to each answer as will permit the answering of all the questions in the time assigned.

  1. Explain briefly: —

“Economic determinism”;
“Social labor time”;
“The capitalistic appropriation of surplus value”;
“The class-conscious conflict.”

  1. Lassalle and Marx compared as influences on German socialism.
  2. What legislation on Woman and Child Labor has been enacted in the United States? (Adams & Sumner, pp. 30–37.)
  3. What is the Sweating-System, and what forms does it take? (Adams & Sumner, pp. 114–119.) What legislation has been enacted to deal with it? (pp. 122–126.)
  4. Explain and criticise the following statement: “Co-operation differs from profit-sharing primarily by reason of the fact that, in its industrial form, at least, its aim is to modify radically, and finally to utterly abolish, the wage system.” (Adams & Sumner, p. 379, and Dr. Ford’s Lectures.)
  5. Compare the advantages of industrial partnership under the direct-bonus plan with those of a pension system or a stock offering.
  6. The conclusions of physiology concerning the function of alcohol.
  7. The history of the liquor traffic in Boston from 1875 to 1894. What are the comparative merits of the three types of licensing boards operating in Boston during that period?

Source: Harvard University Archives. Harvard University — Examination papers, 1873-1915. Box 6. Bound volume, Examination Papers, 1912. Harvard University Examinations. Papers Set For Examinations in History, History of Science, Government, Economics […], pp. 87-88.

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Public Aid, Charity, and Neighborhood Work:
Practical Problems

Course Description
1911-12

  1.  2hf. Practical Problems of Social Service: Public Aid, Charity, and Neighborhood Work. Lectures, prescribed reading, and observation of work under skilled direction. Half-course (second half-year). Tu., Th., at 2.30. Dr. Brackett.

This course is for advanced students, especially for those who plan, as ministers, teachers, or as citizens, whatever their vocation, to be actively interested in charity, correction, or any form of social work. It is also an introduction to Social Ethics 20c, the School for Social Workers. It is a study of tendencies in Social Service, of law and custom, especially in England and the United States, bearing directly on such topics as neighborhood improvement, forms and sources of relief, modification of charitable trusts, treatment of special types of the needy, organization of charity, financial management, supervision of work by public and private agencies.

Source: Division of History, Government, and Economics: 1911-12 (1st ed.). Official Register of Harvard University, Vol. VIII, No. 23 (June 15, 1911), pp. 70-71.

Course Enrollment
1911-12

Social Ethics 2 2hf. Dr. Brackett. — Practical Problems of Social Service: Public Aid, Charity, and Neighborhood Work.

Total 14: 2 Graduates, 4 Seniors, 5 Juniors, 3 Others.

Source: Harvard University. Report of the President of Harvard College, 1911-1912, p. 69.

SOCIAL ETHICS 2

In all answers, give your reasons.

  1. “A community can have as much pauperism as it will pay for.” Comment on this, with illustrations from English or American history.
  2. What are the “feeble-minded”? In what ways would you have provision made for them?
  3. A homeless, able-bodied machinist, who says there is no one dependent upon him, but he is at the end of his money, tells you he can have a good job in Providence, R.I., where he formerly lived, if he can get there tomorrow and be ready for work the next morning. He asks a railroad ticket to that place. What would you do, and why?
  4. What have been the chief steps in progress in the treatment of offenders?
    1. What was the chief principle for administration of public aid, laid down by the English poor-law commission of 1832–34?
    2. How was it to be carried out?
    1. In taking up neighborhood work, what kinds of persons in the neighborhood, would you aim primarily to reach?
    2. When and how would you decide what methods to use for reaching them?
  5. What is meant by “organizing charity”? I.e., when we speak of the work of an associated charities or other agency for organizing charity.
    1. To what extent would you advise residents in a “settlement” to give material relief to persons in the community?
    2. To what extent would you advise pastors of churches to give it?
  6. What are the chief lessons you have learned from your field work connected with this course?

Source: Harvard University Archives. Harvard University — Examination papers, 1873-1915. Box 6. Bound volume, Examination Papers, 1912. Harvard University Examinations. Papers Set For Examinations in History, History of Science, Government, Economics […], pp. 88-89.

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Criminology and Penology

Course Description
Not taught in 1911-12

  1.  ¹hf. Criminology and Penology. Lectures, prescribed reading, and reports. Half-course (first half-year). Mon., Wed., Fri., at 1.30. Dr. McConnell.

This course aims to offer a brief general study of crime and its prevention. As a necessary preparation for the meeting of present problems some investigation of historical as well as of present conditions will be attempted. The subjects considered will include the following: methods of study in criminology; classes of crimes and of criminals; causes and effects of crime; prevalent conceptions of crime and of the treatment which society should accord it; agencies especially intended for the punishment and prevention of crime (including certain features of criminal law and its administration, the identification of criminals, the indeterminate sentence, institutions for the detention, punishment, and reformation of criminals, the supervision and aid of convicts on probation or parole or after discharge, and special methods for dealing with young criminals); the influence on the volume of crime of various agencies designed for general social betterment.

Source: Division of History, Government, and Economics: 1911-12 (1st ed.). Official Register of Harvard University, Vol. VIII, No. 23 (June 15, 1911), p. 71.

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Selected Topics in Social Ethics

Course Description
1911-12

  1. ¹hf. Selected Topics in Social Ethics. Lectures and prescribed reading. Half-course (first half-year). Mon., Wed., Fri., at 12.

Subjects for 1911-12: –

The State and Charity. Dr. Brackett.
The Ethical Relations of the State to Industrial Affairs. Dr. McConnell.
The Ethical Aspects of Industrial Coöperation. Dr. Ford.
The Ethics of Immigration. Dr. Foerster.

Source: Division of History, Government, and Economics: 1911-12 (1st ed.). Official Register of Harvard University, Vol. VIII, No. 23 (June 15, 1911), p. 71.

Course Enrollment
1911-12

Social Ethics 4 1hf. Selected Topics in Social Ethics.

Dr. Brackett. — The Ethics of Public Aid and Private Charity.
Dr. Ford. — The Ethical Aspects of Industrial Coöperation.
Dr. Foerster. — The Ethics of Immigration.

Total 10: 2 Graduates, 2 Seniors, 5 Juniors, 1 Other.

Source: Harvard University. Report of the President of Harvard College, 1911-1912, p. 69.

SOCIAL ETHICS 4

  1. What do you say (1) in favor of, and (2) in opposition to the provision by the state of non-contributory old-age pensions for all persons beyond the age of 69, and below a small income line?
  2. How are profits divided in (1) the Rochdale Equitable Pioneers’ Society; (2) the Scottish Wholesale Society; (3) a typical Copartnership Housing Association; (4) an Irish Co-operative Dairy; (5) the New England Cranberry Sales Co. (or some other American Co-operative Sales Association)?
  3. Describe the economic and co-operative features of the credit unions of Massachusetts. What are the essential dissimilarities in method and purpose between the credit unions and the “co-operative banks” of this State?
  4. “Distributive co-operators are anti-capitalists and class-conscious.” Examine carefully and in detail the truth of this statement as applied to the distributive movements of England, Belgium and Germany.
  5. What are the usual features of the padrone commissary system?

Devote not less than one hour to this question.

  1. The following citations give the main arguments of an address recently reported in the newspapers.
      1. “Why exclude the immigrant when there is so much room for him? . . . Texas alone could support our entire population without worrying about the problem of congestion. . . . The trouble in America is usually not a lack of work but a lack of workers.”
      2. “If he accepts a small wage, his need is responsible and it is to be deplored that Americans should be content to take advantage of this desperate need and convert the hunger of this stranger into more dollars for themselves.”
      3. “Thirty of every ten thousand immigrants become paupers. . . . While the thirty are costing us $3000 a year, the other 9970 are adding almost $40,000,000 to the wealth of the land. And this exclusive of the taxes each pays.”
      4. “There is a higher rate of crime among the native born than among the foreign born.”
      5. “The solution . . . is distribution, not exclusion. . . . We should be undeserving our blessings if we selfishly refused to share them.”

Illustrate your answer to the following questions from the reading and lectures of the course. So divide your time that you may write upon all questions; avoid generalities. The lettered divisions correspond with those just given.

    1. In what sense does a lack of workers exist? When would it not exist, — e.g., when Texas should be as densely populated as Europe?
    2. Is the immigrant underpaid? What consequences would follow for employers, consumers, and immigrants if employers were compelled to pay their immigrant workmen wages not less than twice as high as they are now paying? What effect has immigration had on wages in the United States?
    3. In what sense is wealth “added”? If, by adding wealth, immigrants save Americans labor, should they not be welcomed like any other labor-saving device — a machine, typically? What kind of relation has immigration with dependency?
    4. Describe the criminal aspects of immigration.
    5. What can the best system of distribution accomplish? What can it not accomplish?

Source: Harvard University Archives. Harvard University — Examination papers, 1873-1915. Box 6. Bound volume, Examination Papers, 1912. Harvard University Examinations. Papers Set For Examinations in History, History of Science, Government, Economics […], pp. 89-90.

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Moral Responsibilities
of the Modern State

Course Description
Not taught in 1911-12

  1. 2hf. The Moral Responsibilities of the Modern State. Lectures and prescribed reading. Half-course (second half-year). Mon., Wed., Fri., at 12. Dr. McConnell.

This course considers the fundamental ethical principles involved in the organization of the modern State, and the duties of public authorities in regard to defectives, charity, the child, and public health.

Source: Division of History, Government, and Economics: 1911-12 (1st ed.). Official Register of Harvard University, Vol. VIII, No. 23 (June 15, 1911), p. 72.

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Social Amelioration in Europe

Course Description
1911-12

  1. 2hf. Social Amelioration in Europe. Lectures and prescribed reading. Half-course (second half-year). Mon., Wed., Fri., at 11. Dr. Foerster.

This course is mainly concerned with schemes of social amelioration that have so far been little considered in the United States. Remedial methods of dealing with poverty will be treated only incidentally. Chiefly the course will make a comparative study of the preventive and constructive measures, public and private, of several countries. After a brief consideration of the place of thrift institutions, unemployment and the important recent efforts to meet it will be discussed at some length. The experience of several countries in providing for the indigent in case of accident, sickness, invalidity, and old age will, in turn, be examined. The course will close with a study of recent developments of legislation governing conditions of labor.

Source: Division of History, Government, and Economics: 1911-12 (1st ed.). Official Register of Harvard University, Vol. VIII, No. 23 (June 15, 1911), p. 72.

Course Enrollment
1911-12

Social Ethics 6 2hf. Dr. Foerster. — Social Amelioration in Europe.

Total 19: 7 Graduates, 5 Seniors, 7 Juniors.

Source: Harvard University. Report of the President of Harvard College, 1911-1912, p. 69.

SOCIAL ETHICS 6

So allot your time that you may answer all questions.

  1. “Putting these unemployed men to work in industries already fully manned or over-manned would solve nothing. . . . The problem which the Labour Party desires the state to face is therefore that of the development of its unused resources. . . . Neither relief works nor the National Workshops of 1848 (except for training, perhaps) are asked for, but a policy of national development. . . . As part of this programme, the Socialist has long been crying for afforestation, national drainage and reclamation, labour farm colonies . . . and the pressure of social misery and depopulation has at length come to his aid.” (J. R. Macdonald, The Socialist Movement.) What is the value of such a policy in dealing with the problem of unemployment?
  2. What are the salient features of the English Workmen’s Compensation Act? What are its defects? How are these defects avoided in the legislation of other countries?
  3. What effect upon the industriousness and thrift of the population have the following?
    1. Provision for old age in Denmark.
    2. Provision for old age in England.
    3. Savings bank insurance in Massachusetts.
    4. Provision for sickness, old age, etc., in the mutual aid societies of France.
    5. Unemployment benefits under the Ghent system.

In each case show specifically to what feature of the institution in question the effect is to be traced.

  1. Why did state insurance in Germany signify a less radical departure from previous social policy and thought than it would signify in the United States? How serious a burden has it laid on employers?
  2. Mr. Lloyd George said of the English old age pensions plan, that “it is just as much a contributory scheme as one financed directly by means of contributions arranged on the German basis.” Indicate in detail by what course of reasoning this statement may be supported. Or, if you believe it false or in part false, indicate precisely the gounds of your opinion.
  3. Present the best arguments you can for compulsory (and subsidized) insurance against unemployment. Then make out the best case against compulsion. Which way does the net advantage lie? In answering this question it may be assumed that a system of well-organized labor exchanges exists.
  4. Outline the Swiss methods of dealing with vagrancy.

Source: Harvard University Archives. Harvard University — Examination papers, 1873-1915. Box 6. Bound volume, Examination Papers, 1912. Harvard University Examinations. Papers Set For Examinations in History, History of Science, Government, Economics […], pp. 90-91.

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Rural Social Development

Course Description
1911-12

  1. ¹hf. Rural Social Development. Lectures and prescribed reading. Half-course (first half-year). Mon., Wed., Fri., at 10. Dr. Ford.

This course is concerned with rural life as a problem in itself and as a solution of urban problems. It will study the distribution of population and its consequences; the development of country life from without, through suburban, “Garden-city, “ “Back-to-the-land,” and other movements, and rural reconstruction from within, through private initiative, coöperative movements, and State activity.

One hour will be devoted each week to the discussion of prescribed reading.

Source: Division of History, Government, and Economics: 1911-12 (1st ed.). Official Register of Harvard University, Vol. VIII, No. 23 (June 15, 1911), p. 72.

Course Enrollment
1911-12

Social Ethics 7 1hf. Dr. Ford. — Rural Social Development.

Total 17: 1 Graduate, 8 Seniors, 7 Juniors, 1 Freshman.

Source: Harvard University. Report of the President of Harvard College, 1911-1912, p. 69.

SOCIAL ETHICS 7

  1. What is meant by a “rural social survey”? What facts must be gathered? (Give reasons in each instance.) What are the probable sources of this material for a Massachusetts or New York community?
    1. What essential differences do you note between the pleasures of the village and of the rural population in Blanktown?
    2. What is meant by pleasures of receptive sensation? What part have they played in the social evolution of Blanktown? (Williams, An American Town.)
  2. What is the rural housing problem in America? State the problem in detail with reference to construction and interior arrangement of farm houses.
  3. (a) Outline the rural health problem. (b) Under what conditions do each of the following matters require action by local or state boards of health? What sort of action is necessary? Why?
      1. Illness in the farm home.
      2. Farm water supply.
      3. Farm sanitation.
      4. Milk production.
    1. “When the rural social sense is thoroughly established, we shall be in a new epoch of rural civilization.” (Bailey, The Country Life Movement.) What is meant by this statement?
    2. By what methods can the “rural social sense” be developed in this generation? In the next?
    3. Describe in detail the structure and function of any three local socializing agencies (excluding church and school).

Source: Harvard University Archives. Harvard University — Examination papers, 1873-1915. Box 6. Bound volume, Examination Papers, 1912. Harvard University Examinations. Papers Set For Examinations in History, History of Science, Government, Economics […], p. 92.

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Social Ethics à la Peabody
1888/89—1910/11

A short history of Harvard’s Department of Social Ethics through 1920.

Exam questions for late 19th century versions of Francis Greenwood Peabody’s course on the Ethics of Social Reform have been transcribed and posted:

1888-18891889-18901890-18911892-18931893-18941894-18951895-1896.

Earlier 20th century course material:

1902-03. Listed as Philosophy 5. Taught by Peabody and Ireland.
1904-05. Listed as Philosophy 5 and Ethics 1. Taught by Peabody and Rogers.
1906-07. Taught by Peabody and Rogers.
1907-08. Taught by Peabody and Rogers.
1908-09. Taught by Peabody, McConnell, Ford and Foerster.
1909-10. Taught by Peabody, McConnell, Ford, and Foerster.
1910-11. Taught by Peabody, McConnell, Ford, Foerster, and Brackett. [complete set of social ethics exams]

Image SourceFrancis G. Peabody, The Social Museum as an Instrument of University Teaching. Publications of the Department of Social Ethics in Harvard University, Number 4 (Cambridge, MA: 1911).