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Harvard Suggested Reading Syllabus

Harvard. Advanced Economic Theory, Second Term. Schumpeter, 1948

 

 

In 1947-48 the advanced economic theory sequence of two semester courses featured the pairing of Gottfried Haberler and Joseph Schumpeter in the Winter and Spring terms, respectively. In this post you will find course enrollment data along with the course outline and assigned readings for the Spring term taught by Schumpeter. Alas I could not find the final examination questions for this course in the otherwise fairly complete collection of course examinations in the Harvard Archives.

Materials from the Winter Term course 1947-48 taught by Gottfried Haberler.

__________________

Course Enrollment

[Economics] 103b. Professor Schumpeter.—Advanced Economic Theory (Sp).

Total 10:  8 Graduates, 1 Public Administration, 1 Radcliffe.

Source: Harvard University. Report of the President of Harvard College, 1947-48, p. 90.

__________________

Advanced Economic Theory
Joseph Schumpeter

Economics 103b
Spring Term 1947-48

Plan of Course and Suggestions for Reading

The plan of the course is to start from and to build upon Professor Haberler’s lectures in the Fall Term (103a). We shall start from the statics of equilibrium and then discuss at some lengths the use and limitations of the method of Comparative Statics. After this, we shall survey various Dynamic Models. These models will be made the starting points of excursions into relevant fields of pure and applied theory.

Professor Haberler’s reading list remains in force. Wicksell’s Lectures I being particularly recommended. In addition, perusal of the following items will prove helpful. The more important ones are marked by an asterisk. The list is intended to cover also suggestions for the reading period.

J. Tinbergen*, Suggestions on Quantitative Business Cycle Theory, Econometrica, July 1935.

F. Modigliani*, Liquidity Preference, Interest, and Money, Econometrica, January 1944.

N. Kaldor*, Stability and Full Employment, Economic Journal, December 1938

F. Lavington, Approach to a Theory of Business Risks, Economic Journal, June 1925

L. Metzler, Factors Governing the Length of Inventory Cycles, Review of Economic Statistics, February 1947

M. V. Jones, Secular and Cyclical Saving Propensities, Journal of Business of the University of Chicago, January 1944

L. M. Lachmann, Uncertainty and Liquidity Preference, Economica, August 1937

M. Kalecki, A Theorem on Technical Progress, Review of Economic Studies, June 1941

P. A. Samuelson*, Foundations of Economic Analysis, 1947

 

Source: Harvard University Archives. Syllabi, course outlines and reading lists in economics, 1895-2003. Box 4. Folder “Economics, 1947-48 (2 of 2)”.

Image Source: Joseph Schumpeter in Harvard Class Album 1946.

 

 

Categories
Harvard Suggested Reading Syllabus

Harvard. Advanced Economic Theory. Outline and readings. Haberler, 1947

 

 

In 1947-48 the advanced economic theory sequence of two semester courses featured the pairing of Gottfried Haberler and Joseph Schumpeter in the Winter and Spring terms, respectively. In this post you will find course enrollment data along with the course outline and assigned readings for the Winter term taught by Haberler. Alas I could not find the final examination questions for this course in the otherwise fairly complete collection of course examinations in the Harvard Archives.

Materials from the Spring Term course 1947-48 taught by Joseph Schumpeter.

__________________

Course Enrollment

[Economics] 103a. Professor Haberler.—Advanced Economic Theory (F).

Total 20:  15 Graduates, 2 Seniors, 2 Public Administration, 1 Radcliffe.

Source:Harvard University. Report of the President of Harvard College, 1947-48, p. 90.

__________________

Advanced Economic Theory
Gottfried Haberler

Economics 103a
Fall Term, 1947

This course will be devoted to a discussion of some selected topics centering around the theory of capital and interest. An attempt will be made to conduct the course in a seminar-like fashion.

Content

  1. Introduction

Types of economics

Theoretical vs. non-theoretical approach.

Logical types of economic theory

Individualistic—collectivistic economics
Microscopic—Macroscopic (aggregative) theories
Psychological—behavioristic approach
Static—dynamic analysis
Equilibrium—disequilibrium
General—Partial equilibrium
Price theory—welfare theory
Pure—monetary economics

Some major schools

Classical and neo-classical economics
Marxian economics
Keynesian economics
Others

  1. Brief recapitulation of modern time-less theory

Theory of household
Theory of firm
Theory of distribution

  1. Theory of capital and interest

“Pure” vs. “Monetary” theories of capital and interest
Time preference
“Productivity” of capital
Liquidity preference theory of interest
Dynamic theory of interest
Profits and interest
Uncertainty and time

  1. Topics in the theory of capital and interest

Substitutability of “capital” and “labor”
Influence of changes in wage and interest rates or the substitution of capital for labor
The “Ricardo” effect
“Capital intensity” and the trade cycle
Theoretical problems of capital accumulation

*  *  *  *  *  *

Reading

  1. [Introduction] No definite assignments. Suggestions:

Joan Robinson: An Essay on Marxian Economics
P. M. Sweezy: “Orthodox and Marxian Economics,” Science and Society, Summer 1947.
L. R. Klein: The Keynesian Revolution
L. R. Klein: “Theory of Effective Demand and Employment,” Journal of Political Economy, April 1947.

  1. [Brief recapitulation of modern time-less theory]

Hicks: Theory of Wages, Part I.
Hicks: Value and Capital, Parts I and II.
Readings in the Theory of Income Distribution, Chs. 5, 7, 8, 12.
P. H. Douglas: The Theory of Wages, Chs. I, II, III.

  1. [Theory of capital and interest]

I. Fisher: Theory of Interest, mainly Part II and first two chapters of Part III.
F. H. Knight: Articles on Capitaland Interest in Ethics of Competitionor in Readings.
F. A. Hayek: “Mythology of Capital,” in Readings
Schumpeter: Theory of Economic Development, Chs. IV and V.
D. H. Robertson: “Mr. Keynes and the Rate of Interest,” in Readings
K. Wicksell: Lectures, Vol. I, Chs. on interest.
F. Lutz: “The Criterion of Maximum Profits in the Theory of Investment,” Quarterly Journal of Economics, November 1945.

  1. [Topics in the theory of capital and interest]

Hayek: Profit, Interest and Investment, first essay.
Hayek: “The Ricardo Effect,” Economica, May 1942.
Haberler: Prosperity and Depression, 1941, pp. 481-491.
N. Kaldor: “Capital Intensity and the Trade Cycle,” Economica, 1939.
N. Kaldor: “Professor Hayek and the Concertina-effect,” Economica, 1942.

 

Source: Harvard University Archives. Syllabi, course outlines and reading lists in economics, 1895-2003. Box 4. Folder “Economics, 1947-48 (2 of 2)”.

Image Source: Gottfried Haberler, Harvard Class Album 1946.

 

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Bibliography Harvard Suggested Reading Syllabus

Harvard. Course outlines and reading lists. Business Cycles and Economic Forecasting, Haberler & Hansen, 1955-56

 

The pairing of Gottfried Haberler and Alvin Hansen at Harvard for business cycle teaching spanned decades.

For comparison, the reading list and final exam for the course 17 years earlier:   Haberler and Hansen, 1938.

________________

Economics 245a
Business Cycles

Professor Haberler — Fall Term, 1955

Part I. Basic Facts and Concepts.

Types of economic changes and fluctuations

Definition of business cycles

Constant and varying characteristics

Income, production, employment, unemployment
Prices, wages, interest rates, etc.

Cyclical phases

Amplitude, length

Short cycles, intermediate cycles, long waves

Cycles and crises

Cycle history

Approaches to the study of business fluctuations

Descriptive and historical
Statistical and econometric
Theoretical

Part II. Explanation of Business Cycles

Theory of business cycles and theory of employment

Economic fluctuations and long-term growth

Formal characteristics of cycle theories

Statics-dynamics
Exogenous-endogenous theories

Older Cycle Theories

“Monetary” theories vs. “real” theories
Savings — investment
Inventions, innovations; Schumpeter’s theory
Psychological factors: Pigou, Keynes
Agriculture and the business cycle

Modern Cycle Theories

Keynesian contribution
Multiplier — acceleration models
Harrod, Hansen, Samuelson, Kaldor, Kalecki, Metzler
Hicks’ “Contribution to the Theory of the Trade Cycle”
Inventory cycles
The role of wage and price rigidity in the cycle
Competition and monopoly and the business cycle
Many-cycle hypothesis
Is there still a business cycle?

Part III. Economic Growth

Part IV. Business Cycle Policy

Cycle Policy and Employment Policy

Can and should the Cycle be suppressed?

Have depressions a useful function?

Should business booms be prevented?

Preventive and curative depression policy?

Instruments of Policy

Monetary and credit policies
Fiscal policies
Price and wage policies
The role of business forecasting
Other measures

International aspects of business cycles and business cycle policy

Business cycles in planned economies

 

General Texts and Comprehensive Monographs

A. F. Burns, The Frontiers of Economic Knowledge (National Bureau of Economic Research, 1954)

Hansen, Business Cycles and National Income

Schumpeter, Business Cycles

Achinstein, Introduction to Business Cycles

Mitchell, Business Cycles

Bratt, Business Cycles and Forecasting

Pigou, Industrial Fluctuations (2ndedition, 1929)

Tinbergen and Polak, Dynamics of Business Cycles

Haberler, Prosperity and Depression

Gordon, Business Fluctuations

Readings in Business Cycle Theory (Blakiston)

Hansen-Clemence, Readings in Business Cycles and National Income

Readings in Monetary Theory (Blakiston)

N.B.E.R., Conference on Business Cycles

Speithoff, in International Economic Papers, III

Post Keynesian Economics. Kurihara, editor, Rutgers University Press, 1955.

 

Specific Readings

Part I.

Blakiston, Readings in Business Cycle Theory, Chs. 1, 2, 3.

Haberler, Prosperity and Depression, Ch. 9

Hansen, Business Cycles and National Income, Part I

Hansen-Clemence, Readings, Chs. 2, 3, 4 (for Part II: Chs. 11, 12, 16; for Part III: Chs. 28, 33, 36)

Mitchell, What Happens During Business Cycles? Chs. 2, 3, 4, 8, 10

N.B.E.R., Conference on Business Cycles, Gordon, Klein

Tinbergen-Polak, Dynamics of Business Cycles, Part I

H. L. Beales, “The Great Depression,” Economic History Review, October 1934

Slichter, “The Period 1919-1936….,” RES, 1937

Gordon, R. A., “Investment Behavior and Business Cycles,” RES, (to be published)

Ames, “A Theoretical and Statistical Dilemma—the Contributions of Burns, Mitchell, and Frickey to Business Cycle Theory, Econometrica, October 1948

K. D. Roose, “The Empirical Status of Business Cycle Theory,” Journal of Political Economy, October 1952

K. D. Roose, The Economics of Recession and Revival, New Haven, 1954

Part II.

(1) Haberler, Chs. 3, 8, 13
Hansen, Part III

(2) Schumpeter, Theory of Economic Development, Ch. 6
Frisch, “Propagation Problems and Impulse Problems….,” in Economic Essays in Honor of G. Cassel
Goodwin, “Innovations and Irregularity…,” RES, 1946

(3) Harrod, Toward a Dynamic Economics
Baumol, Economic Dynamics, Ch. 4

(4) Hicks, Trade Cycle
Goodwin, “Secular and Cyclical Aspects of Multiplier and Accelerator” in Income, Employment and Public Policy
Goodwin, “A Nonlinear Theory of the Cycle,” RES, Nov. 1950
Alexander, “Issues of Business Cycle Theory,” AER, Dec. 1951
Duesenberry, “Hicks on the Trade Cycle,” QJE, August 1950
Chenery, “Overcapacity and the Acceleration Principle,” Econometrica, Jan. 1952
Alexander, “Accelerator as a Generator of Steady Growth,” QJE, May 1949
Matthews, “Capital Stock Adjustement—Theories of the Trade cycle and the Problem of Policy” in Post-Keynesian Economics, Kurihara, ed.
Kaldor, “Economic Growth and Cyclical Fluctuations,” Economic Journal, March 1954
Meyer and Kuh, “Acceleration and Related Theories: An Empirical Inquiry,” RES, August 1955

(5) Keynes, General Theory…, Ch. 22
New Economics, Harris, ed., Ch. 36 (Goodwin), Ch. 39 (Smithies), Ch. 40 (Tobin)
Readings, Ch. 5 (Ohlin), Ch. 12 (Samuelson)
Kaldor, “A Model of the Trade Cycle,” Economic Journal, 1940
Kalecki, Essays in Theory of Economic Fluctuations
Fellner, “Employment Theories and Business Cycles,” in Survey of Contemporary Economics, 1948, Vol. I, Ellis, editor.

(6) Metzler, “Nature and Stability of Inventory Cycles,” RES, 1941
Abramovitz, Inventories and Business Cycles (and in Conference, above)
Nurkse, “The Cyclical Pattern of Inventory Investment,” QJE, August 1952

(7) Readings, Part IV, Monetary Theory
Haberler, Ch. 2
Wicksell, Lectures, II, pp. 209 ff.
Fisher, “Debt-Deflation…,” Econometrica, 1933

Part III.

Domar, “Capital Expansion, Rate of Growth and Employment,” Econometrica, April 1946
Harrod, Dynamic Economics
Harrod, “An Essay in Dynamic Theory,” in Harrod, Economic Essays
N.B.E.R., Studies in Income and Wealth, No. 16, Long-Range Economic Projection
L. B Yeager, “Some Questions about Growth Economics,” AER, March 1954
Meier, “Some Questions about Growth Economics—Comment,” and Yeager, “Reply,” AER, December 1954

Part IV.

Bishop, “Alternative Expansionist Fiscal Policies…,” in Income, Employment and Public Policy
Readings in Monetary Theory (Friedman)
Hansen, Part IV
N.B.E.R., Conference on Regularization of Business Investment, 1951
N.B.E.R., Studies in Income and Wealth, No. 17, Short-term Economic Forecasting Readings in Fiscal Policy (Richard Irwin).

*  *  *  *  *  *  *  *

BUSINESS CYCLES AND ECONOMIC FORECASTING
Economics 245b
Spring 1956
Professor Hansen

  1. Archibald, G.C., “Inventory Investment and the Share of Wages”, THE ECONOMIC JOURNAL, June, 1955.
  2. Brems and Ozga, “Economic Growth and the Price Level”, THE ECONOMIC JOURNAL, March, 1955.
  3. Kaldor, N., “The Relation of Economic Growth and Cyclical Fluctuations”, THE ECONOMIC JOURNAL, March, 1954.
  4. Blyth, C.A., “The 1948-49 American Recession”, THE ECONOMIC JOURNAL, September, 1954.
  5. Marris, R.L., “The Position of Economics and Economists in the Government Machine”, THE ECONOMIC JOURNAL, December, 1954.
  6. Gordon, R.A., “Investment Behavior and Business Cycles”, REVIEW OF ECONOMICS AND STATISTICS, February, 1955.
  7. Matthews, R.C.O., “The Saving Function and the Problem of Trend and Cycle”, REVIEW OF ECONOMIC STUDIES, Vol. XXII, 1954-55.
  8. Stigler, George J., “The Early History of Empirical Studies of Consumer Behavior”, THE JOURNAL OF POLITICAL ECONOMY, April, 1954.
  9. Brems, Hans, “Business Cycles and Economic Policy”, THE JOURNAL OF POLITICAL ECONOMY, June, 1954.
  10. Lewis, John P., “The Lull that Came to Stay”, THE JOURNAL OF POLITICAL ECONOMY, February, 1955.
  11. Brown, E. Cary, “The Static Theory of Automatic Fiscal Stabilization”, THE JOURNAL OF POLITICAL ECONOMY, October, 1955.
  12. Nurkse, Ragnar, “Period Analysis and Inventory Cycles”, OXFORD ECONOMIC PAPERS, September, 1954.
  13. Mills, E.S., “Professor Nurkse on Inventory Cycles”, OXFORD ECONOMIC PAPERS, June, 1955.

*  *  *  *  *  *  *  *

BUSINESS CYCLES AND ECONOMIC FORECASTING
Economics 245b
Spring 1956
Professor Hansen

  1. National Bureau of Economic Research, Studies in Income and Wealth, Vol. 16, LONG-RANGE ECONOMIC PROJECTIONS.
  2. Goldsmith, A STUDY OF SAVINGS IN THE U.S. 1955.
  3. Dewhurst, AMERICA’S NEEDS AND RESOURCES, 1955.
  4. Creamer, PERSONAL INCOME DURING BUSINESS CYCLES, (National Bureau of Economic Research), 1956.
  5. Fellner, TRENDS AND CYCLES IN ECONOMIC GROWTH, (Holt), 1956.
  6. Schumpeter, HISTORY OF ECONOMIC ANALYSIS.
  7. Klein, ECONOMIC FLUCTUATIONS IN THE U.S.
  8. Tinbergen, ECONOMETRICS.
  9. Abramovitz, INVENTORIES AND BUSINESS CYCLES.
  10. Baumol, ECONOMIC DYNAMICS.
  11. Harrod, TOWARDS A DYNAMIC ECONOMICS.
  12. Ricardo, Vol. II, NOTES ON MALTHUS, (ed. by Sraffa).
  13. Colean and Newcomb, STABILIZING CONSTRUCTION, (McGraw-Hill).
  14. Smithies, THE BUDGETARY PROCESS IN THE U.S.
  15. Smithies and Butters, READINGS IN FISCAL POLICY.
  16. Colm, ESSAYS IN PUBLIC FINANCE AND FISCAL POLICY.
  17. Burns, THE FRONTIERS OF ECONOMIC KNOWLEDGE.
  18. Hicks, THE TRADE CYCLE.
  19. Kurihara, POST-KEYNESIAN ECONOMICS.
  20. Lundberg, THE BUSINESS CYCLE IN THE POST-WAR WORLD.
  21. Wallich, MAINSPRINGS OF THE GERMAN REVIVAL.
  22. National Bureau of Economic Research, BUSINESS CONCENTRATION AND PRICE POLICY.
  23. Svenniloson, GROWTH AND STAGNATION IN THE EUROPEAN ECONOMY.
  24. Joint Committee on the Economic Report, (Nov. 9, 1955), FEDERAL TAX POLICY FOR ECONOMIC GROWTH AND STABILITY.
  25. PRESIDENT’S ECONOMIC REPORT, 1956.
  26. Lane and Riemersma, ENTERPRISE AND SECULAR CHANGE.

 

Source:  Harvard University Archives. Syllabi, course outlines and reading lists in economics, 1895-2003. Box 6, Folder “Economics, 1955-56 (2 of 2)”.

Image Source:  Hansen (left) and Haberler (right). Harvard Class Album, 1942.

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Graduate economics enrollments in the seven leading departments (U.S.), 1909

 

The following tabulation of enrolled graduate students in economics and sociology at Columbia University and its “six leading competitors” in 1909 is striking because of  1) the modest scale of the graduate enrollments and 2) the fact that economics and sociology are reported together (an indication of their continued academic proximity). 

 

_______________

Letter from E.R.A. Seligman to Chairman of the Trustees of Columbia University

No. 324 West 86 street,
New York, February 13, 1909

My dear Sir:

You may be interested in the enclosed statistics which have been compiled by me from answers to questions sent out to the various universities. It shows the relative position of Columbia compared to its six leading competitors, and it is a curious coincidence that the totals of Columbia on the one hand, and of the six universities together on the other, should be precisely the same.

Faithfully yours
[Stamp] Edwin R. A. Seligman

(Enclosure)

To Mr. George L. Rives,
New York City

*  * *  *  *  *

 

STUDENTS WITH DEGREES ENROLLED IN
GRADUATE COURSES, Dec. 1909

Economics

Sociology

Total of Economics and Sociology

Harvard

27

27

Yale

16

12

28

Cornell

10

4

14

Johns-Hopkins

12*

12*

Chicago

12

19

31

Wisconsin

22

4

26

Total in the 6 universities

99

39

138

 

Columbia

 

67

 

71

 

138

*including duplications.

 

Source:  Columbia University Rare Book and ManuscriptLibrary. Columbia University Archives. Central Files, 1890-. Box 338. Folder “2/5; Seligman, Edwin Robert Anderson; 7/1904-12/1910”.

Image Source:  The Library of Columbia University, New York. H.C. White Co., Publishers, 1909. Library of Congress Prints and Photographs Division Washington, D.C. 20540.

 

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Columbia. Economics Ph.D. Alumnus, Clement Lowell Harriss, 1940.

 

In this post we have a nice pair of bookends for the career of Columbia economics Ph.D. (1940) and later Columbia professor, C. Lowell Harriss:  a letter from 1946 recommending his appointment to an assistant professorship and a memorial webpage from the Columbia economics department.

________________

Columbia University
in the City of New York

Faculty of Political Science

November 26, 1946

Dr. Frank D. Fackenthal, Acting President,
213 Low Memorial Library

Dear Mr. President:

On recommendation of the College Committee appointed in accordance with your letter of October 3d and with the approval of the Committee on Instruction of Columbia College, the Department of Economics requests the promotion of C. Lowell Harriss from instructor to assistant professor, effective January 1, 1947.

The Department considers that this promotion would be a well earned recognition of ability and service. The reasons set forth in the enclosed letter from Professor Horace Taylor, chairman of the College Committee, in our judgment amply justify our request that this action be taken at an exceptional time.

Dr. Harriss’ salary as instructor is $3,300 for the year. We recommend that his salary as assistant professor should be at the rate of $3,600. Funds for the additional $2150 required on the 1946-47 budget are available in the unexpended salary of Carl T. Schmidt.

Respectfully yours,
[signed]
Carter Goodrich
Executive officer, Department of Economics

*  *  *  *  *  *

________________

Columbia University
in the City of New York

Faculty of Political Science

November 26, 1946

Professor Carter Goodrich
Fayerweather Hall
Columbia University

Dear Professor Goodrich:

The newly constituted Committee on Economics Instruction in Columbia College held its first meeting on October 28. I have reported separately the formal action taken at this meeting with regard to the nomination of a Departmental Representative.

Its most urgent matter of regular business in the view of the Committee is its unanimous recommendation that Dr. C. Lowell Harriss, instructor in Economics, be promoted to Assistant Professor of Economics. It is the opinion of the Committee that Dr. Harriss has reached a maturity and a competency in this field that cause him to be considerably underranked in his present position. The Committee not only recommends promotion for Dr. Harriss, but strongly urges that the promotion be made immediately and to take effect January 1, 1947. This recommendation is made both because it would provide immediate recognition to a man who, in the Committee’s judgment, thoroughly deserves it, and also because we believe that action of this kind would have distinct morale value, both for Dr. Harriss, and for other members of the College staff who feel as we do about Dr. Harriss as a teacher, a scholar, and a person.

Dr. Harriss is thirty-four years old. He joined this Department as an instructor in economics in 1938. He is a man of such broad intellectual background and training that he has been extraordinarily well qualified for work in the course in Contemporary Civilization, and has made substantial contributions to the planning and teaching of this difficult course. He also has contributed materially to the Departmental work in the College, and one of our plans for the next academic year is that Dr. Harriss will offer an undergraduate course in his speciality [sic], which is Public Finance. During the current year, he is giving a course in this field designed for University Undergraduates. If Dr. Harriss receives the promotion that is recommended, it is planned that he will be a member of the Faculty of Columbia College and also of the Faculty of the new School for General Studies. One of the reasons that we strongly believe that we should, in the interests of the University, increase the number of young men of professorial rank is that the College Faculty will be expected to provide members to the Faculty of the School for General Studies.

Dr. Harriss’s intellectual attainments are extraordinarily high. He received the B.S. degree at Harvard Summa Cum Laudein 1934, having majored in history. My impression is that the degree with highest distinction is awarded to a major student in a particular department only once in several years at Harvard or, at least, it averages out about this way. On graduating from Harvard, Dr. Harriss was awarded the highest scholarship (one for travel in Europe) that is given to a graduate of Harvard College. He then became a Council for Research in the Social Sciences Fellow in economics and pursued graduate studies at both Chicago and Columbia. He was awarded our Ph.D. in 1940. As a graduate student, he won the high opinion of his professors. His dissertation on “Gift Taxation in the United States” was written under the direction of Dr. Haig. This dissertation was of such excellence that it immediately established Dr. Harriss as an authority on this subject. This was pointedly demonstrated when he was made head of the Gift Tax Section in the Division of Research of the United States Treasury Department. He held this post from November 1941, until April, 1943. He then entered the Army and rather rapidly rose to the rank of Captain. His distinction as a student was continued in the fact that he was the first ranking man in his class in Officers Candidate School. During his service in the Army, he was in charge of important work connected with procurement for the Army Air Forces, and was stationed at Air Force Headquarters, Wright Field, Dayton, Ohio. For his work there, he received the Army Commendation Award. He returned to his work with us at the beginning of the Spring Term.

Last summer Dr. Harriss received a firm offer of an Associate Professorship at Syracuse University at a salary of $4,000. He also received inquiries which appear to anticipate firm offers from both Rice Institute and the University of Indiana. Both of these institutions talked with him in terms of an Associate Professorship at a salary of about $4,000. Dr. Harriss declined to consider the inquiries and turned down the offer made by Syracuse. I believe that I am not exaggerating when I say that there is not a young man in this country of greater competence or promise in the field of public finance than Dr. Harriss, and I believe that Professors Haig and Shoup rate him at about the same level.

During his time with us and the period that he was in the Army, Dr. Harriss has outgrown his academic rank. Our Committee believes that his appointment in the fashion we have recommended will be in the long-run interest of education and scholarship in Columbia College and in the University at large.

Sincerely yours,

[signed]
Horace Taylor

HT:mdl

Source:Columbia University Archives. Rare Book and Manuscript Library. Central Files 1890-, Box 406, Folder “Goodrich, Carter 1/4”.

________________

C. Lowell Harriss (1912-2009)
In Memoriam

COLUMBIA UNIVERSITY EDUCATOR, ECONOMIST AND ADVOCATE OF LAND TAX REFORM DIES

C. Lowell Harriss, an economist whose groundbreaking theories on land tax reform led to a widening of public spaces and improved quality of life in domestic and international urban and rural areas, died on December 14, 2009 at his home in Bronxville, N.Y. He was 97.

He died from natural causes.

An author of 16 books on economics and hundreds of articles, Professor Harriss was one of the last living economists to experience the Depression. He was known for his seminal work on taxation of land, property tax, finance reform, land values and planning land use.

He was a professor emeritus of economics at Columbia University, where he taught for 43 years, from 1938 to 1981. He also taught at Stanford University, UC-Berkeley, Yale, Princeton, The Wharton School, the New School for Social Research and Pace University. He earned Fulbright professorships from the Netherlands School of Economics (now Erasmus University), Cambridge University, and the University of Strasbourg, France.

His professional interests beyond education were extensive, including: Executive Director of The Academy of Political Science; President, National Tax Association-Tax Institute of America; Vice President, International Institute of Public Finance; Chairman, Robert Schalkenbach Foundation, Inc.; Trustee, American Institute for Economic Research; Advisory Member, American Enterprise Institute; Academic Advisor, Center for the Study of the Presidency; and Advisor, Thomas Jefferson Research Center. He was a fellow at the Lincoln Institute of Land Policy, and a board member of the American Institute of Economic Research in Cambridge, both institutions that serve as leading resources for policy makers and practitioners including the use, regulation and taxation of land.

He advised state, federal and foreign governments on tax policy including the U.S. Department of Treasury; the City of New York; New York State; the Commonwealth of Puerto Rico; the Federal District of Venezuela; the Ministry of Finance, Republic of China; the United Nations; and the Agency of International Development of the U.S. Department of State.

In addition to his academic and professional pursuits and achievements, Professor Harriss was well known for his great respect of the role that humor has in making daily life enjoyable and more civilized. He often said that “a smile costs nothing.” He was known for his frequent compilations of cartoons, which he distributed in his mailings to colleagues and friends. As he said, “they get people’s attention”.

Clement Lowell Harriss was born Aug. 2, 1912, in Fairbury, Nebraska. He attended Harvard College and graduated summa cum laude in 1934. Upon graduation, he received a Sheldon Fellowship which enabled him to travel for 13 months throughout Europe, the Balkans, Turkey and Northern Africa, before arriving in Berlin the day Hitler assumed the presidency. This experience was the beginning of a lifetime of travel that would take him around the world nine times and stimulate his academic and personal curiosity and inquiry.

Professor Harriss met and married Agnes Bennett Murphy in 1936. While pursuing graduate studies at the University of Chicago and Columbia University, he began his teaching career in 1938 at and received his Ph.D. in 1940 from Columbia University.

Professor Harriss served as an officer in the Army Air Corps from 1943 to 1946, working on aircraft and manpower procurement, later on the economic problems of the shift of fighting to the Pacific, and finally, on the problems of economic demobilization and the postwar aircraft industry.

He is the namesake of the C. Lowell Harriss Scholarship at Columbia College, the C. Lowell Harriss Chair of Economics at Columbia University, and the Professor C. Lowell Harriss Scholarship at the School of General Studies at Columbia University. In 1996 he accepted the Nobel Prize in Economics on behalf of long-time Columbia colleague William Vickrey, who had died shortly before the ceremony.

He is survived by his sister, Marion Engelhart, of Gross Pointe, Michigan, his four children, L. Gordon Harriss, of Bronxville, New York; Patricia Harriss, of Bronxville, New York, Martha Harriss, of New York, and Brian Harriss, of Greenwich, Connecticut, five grandchildren, and by his two daughters in law, Elizabeth Harriss, Bronxville, New York, and Lucinda Harriss, Greenwich, Connecticut. His wife died in 1992.

Source:  Columbia University. Department of Economics. Webpage: In Memoriam; C. Lowell Harriss (1912-2009).

 

________________

In Memoriam: from Columbia College Today

C. Lowell Harriss ’40 GSAS, professor emeritus of economics, died on December 14, 2009, at his home in Bronxville, N.Y. He was 97.

Born in Fairbury, Neb., on August 2, 1912, Harriss graduated summa cum laude from Harvard in 1934. Upon graduation, he received a Sheldon Fellowship, which enabled him to travel for 13 months throughout Europe, including Berlin and the Balkans, as well as Turkey and Northern Africa. This trip was the beginning of a lifetime of travel that would take him around the world nine times.

Harriss served as an officer in the Army Air Corps from 1943–46, working on aircraft and manpower procurement, on the economic problems of the shift of fighting to the Pacific, and finally on the problems of economic demobilization and the postwar aircraft industry. He began teaching at Columbia in 1938 while pursuing a Ph.D. in economics at GSAS and remained at Columbia until retiring from teaching in 1981.

University Trustee Mark E. Kingdon endowed, in 1998, the C. Lowell Harriss Professorship of Economics in honor of “my teacher, mentor and friend.”

“I took Professor Harriss’ public finance course in the late 1960s, when it was not cool to be a conservative, especially at Columbia,” said Kingdon. “I remember Professor Harriss warning us about the extraordinary power of the government: ‘Nothing can be as cruel as the government.’

“During the 1970 student strike, I learned later, a classmate was picketing a building that the professor wanted to enter. ‘You can’t go in,’ my friend declared. ‘Why not?’ Professor Harriss asked. ‘Because then you would be a scab.’ In response, Professor Harriss brushed by and entered the building while declaring, ‘A scab is part of the natural healing process.’

“Teachers in the department on both the left and right loved the man. He was soft-spoken, tolerant, smart, non-dogmatic but firm in his beliefs. His classroom style was brusque, informative and clear. He committed many random acts of kindness, such as writing a complimentary note about me to my father, and helped students with letters of recommendation to his many friends that led to jobs or entry into grad school.

“I watched him age gracefully almost to the very end, vigorous in mind, body and spirit, an inspiration to us all. I miss him very much.”

Harriss also taught at Stanford, UC Berkeley, Yale, Princeton, The Wharton School, the New School for Social Research and Pace. He earned Fulbright professorships from the Netherlands School of Economics (now Erasmus University), Cambridge and the University of Strasbourg, France.

One of the last living economists to have experienced the Depression, Harriss authored 16 books on economics and hundreds of articles. He was known for his seminal work on taxation of land, property tax, finance reform, land values and planning land use.

Harriss also had advised state, federal and foreign governments on tax policy including the Depart- ment of Treasury; the City of New York; New York State; the Common- wealth of Puerto Rico; the Federal District of Venezuela; the Ministry of Finance, Republic of China; the United Nations; and the Agency of International Development of the U.S. Department of State.

Harriss met and married Agnes Bennett Murphy in 1936. She predeceased him in 1992. Harriss is survived by his children, L. Gordon ’68, Patricia, Martha and Brian; five grandchildren; and sister, Marion Engelhart.

Source: In Memoriam. Columbia College Today, March/April 2010.

Image Source:  In Memoriam. Columbia College Today, March/April 2010.

 

 

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Chicago Columbia Economist Market Harvard Michigan Pennsylvania Salaries

Chicago. Instructional Staff Salaries by Rank, 1919

 

The following transcription of a draft copy of a report on the University of Chicago salary scale for instructional staff from ca. 1919 is interesting because it begins with a brief chronology of the salary scale from the founding of the University of Chicago to the time of the report. Since pay raises were being recommended, figures are given for other universities for comparison. The ratio between a Head professor to a beginning assistant professor was 3.5 to 1 during the early years of the University of Chicago. The compression was relatively minor by 1919, with the committee recommending a ratio of 3.33 to 1. For nearly  the first thirty years the top salary for a professor at the University of Chicago was $7000.

Handwritten additions to the draft are indicated by the use of italics in the transcription that follows.

________________

REPORT OF SPECIAL COMMITTEE ON SALARY SCALE

The Board of Trustees,
The University of Chicago,

Gentlemen:

The Committee appointed at the May meeting of the Board herewith submits the following report on the scale of salaries in the teaching staff of the University with recommendations for the modifications of the same.

At the time of the organization of the University in the autumn of 1891, the following scale of salaries was informally determined:

Head Professor, $4000, to $5000.
Professor, $3000.
Associate Professor, $2500.
Assistant Professor, for a four year term, $2000.
Instructor, for a three year term, $1200, $1400, $1600.
Associate, for a two year term, $1000, $1100.

            In the minutes of the Board there is no record of this definite scale, which the various actions recorded implied. At the November meeting, 1891, the salary of the Head Professors was fixed at $6000. At the December meeting, 1891, it was increased to $7000. This change in the salary of a Head Professor, was due to obvious circumstances connected with securing suitable men for the new institution. No change was made in the rest of the scale.

In 1894 and thereafter new Head Professors were appointed, but on the original scale of $4000 to $5000. It thus appears, although not specifically recorded in the minutes of the Board, that the $7000 salaries were merely adapted at the organization of the University as a temporary expedient.

In 1907 the salary question was again taken into consideration by the Board. It was plain that the salary of a Professor, $3000, was too low, and that a general reorganization was desirable. At the meeting of the Board in December, 1907, it was tentatively agreed, 1st: that for members of the permanent staff in each of the three grades a maximum and a minimum salary shall be fixed, and that for any individual within those grades the exact salary paid shall depend, not on the time of service, but on the discretion of the Board, and, 2nd: that for members of the Faculty appointed for a term of years, a maximum and a minimum salary shall be fixed, with advances depending on term of service.

At the meeting of the Board in January, 1908, the following salary scale was enacted:

Heads of Departments, maximum [sic] $4000, minimum [sic], $6000.
Professors not Heads of Departments, Minimum, $3000; Maximum, $4500.
Associate Professor, Minimum, $2500; Maximum, $3000.
Assistant Professor, four years, $2000; On reappointment, $2500.
Instructors, three years, $1200, $1400, $1600; On reappointment, $1800.
Associates, two years, $1000 to $1200.

*  * *  *  *  *

            At the meeting of the Board in January, 1911, it was voted that thereafter the administration of Departments should ordinarily be conducted by a chairman, to be appointed by the President, to serve three years, at the end of which term a new Chairman shall be appointed or the same one reappointed.

At the meeting in February, 1908, action was taken ratifying the action of the Trustees of the Baptist Theological Union, of the previous day. Scale of salaries in the Divinity School was enacted as follows:

Heads of Departments, Minimum, $3500; Maximum, $4500.
Professors not Heads of Departments, Minimum, $3000; Maximum, $4000.

            The remaining scale as in the Faculties of Arts, Literature, and Science.

It was also voted that salaries paid or ranks given to members of a Department shall be determined without reference to the method of departmental administration, and that whenever the interest of the University seems to make it desirable, more than one person in the same Department may be given the maximum rank and salary.

Considering conditions relative to the cost of living, it becomes desirable now in all institutions of learning so far as practicable to provide larger salaries. This matter is receiving similar consideration throughout the country. In the University of Michigan the State Legislature made an additional appropriation of $300,000.00 at its last session for the purpose of increasing salaries. The scale was altered for Professors from the former rate of minimum $2500 and maximum $4000, to a minimum of $3200 and a maximum usually of $5000. Several have been advanced to $5500, and a small number to $6000. The increase in the salaries of Professors has reached an average of approximately 25%. Associate Professors have been advanced from a scale of $2100 to $2400, to a scale of $2800 to $3100, the advance in individual cases being about twenty five percent.

Assistant Professors are advanced from a scale of $1500 to $2000, to a scale of $2200 to $2700, the increase being about 30%.

Instructors are advanced from a scale of $900 to $1600, to a scale of $1300 to $2100, an increase of about 30%.

In Yale University the salary of an Associate Professor isadvanced to $3500, being about 30% increase. The salary of Assistant Professors isadvanced to $2500 for three years and $3000 for two additional years, or about 20%. Instructors for four years have salaries ranging from $1250 to $2000, at an increase of 25%. In the Law School the maximum for Professors isadvanced from $7000 to $7500. The present scale for Professors is at a minimum of $4000 and a maximum of $6000. It is intended to increase that in the autumn at a probable rate of about 25% in individual cases. The new maximum is therefore not yet enacted.

In Harvard the present scale of Professors salaries has a minimum of $4000 and a maximum of $5500; Associate Professors at $3500—after five years service—$4000; Assistant Professors, for the first five years, $2500, for the second five years, $3000; Instructors ranging from $1000 to $1500. Harvard is engaged in a plan for raising an $11,000,000 endowment, the greater part of which is to be used for salaries.

Columbia University has not an exact scale. Professors’ salaries range from $4000 to $15,000. There are twenty receiving a salary of $6000, eight a salary of $6500 to $7000. Those whose salaries are above $7000 are mostly in professional schools. There are thirty with a salary of $5000. No immediate change in the salary scale is contemplated.

In the University of Pennsylvania the maximum for a full time professorship is $8000. As a matter of fact there are very few whose salaries are $6000, or more. It is intended to make an increase of 20% for all receiving $4000 or $6000, 10% for all receiving over $6000, and 20% for all receiving less than $4000. This increase is to come into effect in the autumn of 1919.

Under all the circumstances and with the funds available from the present income of the University the committee recommends the following:

PROPOSED NEW SCALE.

            In the Faculties of Arts, Literature and Sciences.

Professor, Minimum, $4000; Maximum, $7000.
Associate Professor, Minimum, $3000; Maximum, $3600.
Assistant Professor, Minimum, $2100; Maximum, $2700.
Instructors, for three years, $1500, $1600, $1700. On reappointment to a maximum of $2000.
Associates, for two years, $1200, $1300.

            In the Faculty of the Divinity School.

Professor, Minimum, $4000; Maximum, $5000.
Other ranks as in Arts, Literature and Science.

            In the Faculty of the Law School.

Professor, Minimum of $6000, increased by $500 at the end of each three years of satisfactory service to a maximum of $8500. For Assistant and Associate Professors no change. These last appointments in the Law School are usually temporary and a considerable flexibility is desirable. It is recommended that for the Faculty of the Law School the new scale take effect fro the fiscal year 1920-1921. It will involve an addition of $5250 to the budget of that year over the present budget of 1919-1920.

Respectfully Submitted
[Signed] M. A. Ryerson
H. G. Grey
H. P. Judson

Source: University of Chicago Archives. Office of the President. Harper, Judson and Burton Administrations. Records. Box 76. Folder: 4, “Salaries, 1916-1920”.

 

Image Source: 1894 University of Chicago Convocation. University of Chicago Photographic Archive, apf3-00416, Special Collections Research Center, University of Chicago Library.

 

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Exam Questions Harvard Suggested Reading Syllabus

Harvard. Economy of the U.S. Course outline, readings, exam. Leontief, 1945-46

 

 

Not much to say here about the material I have found for the first iteration of Wassily Leontief’s course on the economy of the United States other than I was surprised that his own book, Structure of the American Economy, 1919-1929, was not mentioned among the readings.

_______________

Course Announcement

Economics 12a. The Economy of the United States.

Half-course (fall term). Mon., Wed., and (at the pleasure of the instructor) Fri., at 3.  Associate Professor Leontief.

Source: Announcement of the Courses of Instruction offered by the Faculty of Arts and Sciences during 1945-46. Published in Official Register of Harvard University, Vol. 42, No. 8 (March 31, 1945), p. 36.

_______________

Course Enrollment

[Economics] 12a (fall term) Associate Professor Leontief.—The Economy of the United States.

Total 30: 2 Graduates, 8 Seniors, 5 Juniors 5 Sophomores, 10 Radcliffe.

Source:Harvard University. Report of the President of Harvard College, 1945-46, in Official Register of Harvard University, Vol. 45, No. 12 (May 20, 1948), p. 58.

_______________

ECONOMICS 12a
The Economy of the United States
Winter Semester, 1945-46

  1. General Interrelation of Industries and Households:
    1. Commodity flow and allocations of commodities and services.
    2. Cost structure of industries and Direct and Indirect demand.
    3. Capital stock and the Balance of Saving and Investment.
    4. Basic determinants of the Economic Structure of the United States: National Resources and Population, State of technical arts, consumers’ behavior, Public Policies
  2. Structural Characteristics of Selected Branches of the National Economy:
    1. Manufacturing
    2. Mining
    3. Agriculture
    4. Transportation
    5. Foreign Trade
    6. Domestic Trade
    7. Service Industries
  3. Structure of Consumers’ Demand:
    1. Sources of income
    2. Income distribution
    3. Spending and Saving pattern
  4. Price Structure:
    1. Price structure and the industrial structure
    2. Prices and incomes
  5. Economic Structure and Economic Policies

In this course, lectures are supplemented by simple research problems assigned as home work.

Readings:

J. R. Hicks and A. G. Hart, The Social Framework of the American Economy

and selected readings from publications of

National Resources Planning Board
National Bureau of Economic Research
Brookings Institution

[Handwritten additions:
Williamson, Growth of American Economy
Kuznets, Secular Movements of Production]

            Since Economics 12a is being given for the first time, the above outline probably will be modified in the course of instruction.

*  * *  *  *  *

Handwritten list following course outline

Econ 12A

Desk. Hicks JR & Hart—Social Framework

Desk. Leontief W—Economic statistics & postwar policies.
Reprint Harris Post-war Economic Problems.

Desk. National Resources Committee—Structure of the American Economy

Desk. National Resources Planning Board. Industrial Location & Nat. Resources

Desk. Kuznets, S.S.—Secular Movements in Production & Prices

Desk. Bell, S.—Productivity, wages and national income. Chs. 1, 3, 4, 5, 6, 7, 9. Appendix A: II & III

Desk. Glover, J.G.—Development of American Industries. Chs. 17, 31

Desk. Williamson, Growth of the American Economy. Chs 20, 21, 22.

Desk. U.S. Nat. Resources Comm., Consumer Spends his Income

Desk. Bd. Governors Federal Res. System [Postwar Economic Studies No. 1]. Jobs, production & living standards, 1945.
Goldenweiser)

 

Source:  Harvard University Archives. Syllabi, course outlines and reading lists in economics, 1895-2003 (HUC 8522.2.1), Box 4, Folder “Economics, 1945-1946 (1 of 2)”.

_______________

1945-46
HARVARD UNIVERSITY
ECONOMICS 12a

The Economy of the United States
Final. January. 1946.

Answer FOUR questions including question six. If you choose to answer question one, spend approximately one hour on it; in the final score it will be given double weight.

  1. Present a short discussion of your special research topic.
  2. How would you go about estimating the probable effect of a changed distribution of national income on the output and employment in the metal fabricating industry?
  3. Discuss the principal factors which have determined the changes in agricultural employment from the end of the last century up to the beginning of the second World War.
  4. Analyze the position of foreign trade in the structure of American economy.
  5. Describe the mutual dependence of wages, profits, and prices from the point of view of interindustrial relationships.
  6. Review critically of the papers included in the Postwar Economic Studies assigned for the Reading Period.

Source:  Harvard University Archives. Harvard University, Final examinations, 1853-2001. Box 11, “Harvard University, Faculty of Arts and Sciences. Papers Printed for Final Examinations. History, History of Religions, …, Economics, … , Military Science, Naval Science. January, 1946”.

Image Source:  Wassily Leontief in Harvard Class Album 1947.

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Exam Questions Harvard Socialism Suggested Reading Syllabus

Harvard. Economics of socialism. Outline, readings, final exam. Schumpeter, 1943-44

 

Earlier Economics in the Rear-view Mirror posted the course outline and final examination for Joseph Schumpeter’s course on the economics of socialism that was given in the second semester of 1945-46. None of the final examination questions were shared between these two years, so together the exams provide a better idea of what was actually covered than either alone.

______________________

Course Announcement

Economics 11b. Economics of Socialism

Half-course (winter term). Mon., Wed., and (at the pleasure of the instructor) Fri., at  10. Professor Schumpeter.

 

Source: Announcement of the Courses of Instruction Offered by the Faculty of Arts and Sciences During 1943-44. Official Register of Harvard University, Vol. 40, No. 21 (September 29, 1943), p. 33.

______________________

Course Enrollment

[Economics] 11b (winter term) Professor Schumpeter. –Economics of Socialism.

Total 26:  3 Graduates, 5 Seniors, 2 Juniors, 1 Sophomore, 13 Navy.

 

Source: Harvard University. Report of the President of Harvard College and Reports of Departments for 1943-44, p. 56.

______________________

ECONOMICS 11b
1943-44
OUTLINE AND ASSIGNMENTS

  1. FIRST TWO WEEKS: The Socialist Issue.

Socialist ideas and socialist parties. Socialism and the labor movement. Laborite and intellectualist socialism. The Definition of Socialism.

H. W. Laidler*, History of Socialist Thought, 1927.
T.M. Sogge, “Industrial Classes in the U. S.  in 1930,” Journal of the American Statistical Association, vol. 28 (1933), pp. 199-203.
Encyclopaedia of the Social Sciences, article on Socialist and Labor Parties.

  1. THIRD TO FIFTH WEEK: The Theory of Centralist Socialism.

O. Lange and F. M. Taylor*, The Economic Theory of Socialism.
H. D. Dickinson, Economics of Socialism, 1939.

  1. SIXTH TO NINTH WEEK: The Economic Interpretation of History. The Class Struggle, and the Marxist Theory of Capitalism.

Karl Marx, Capital, Volume I, chs. I, IV, V, VI.
Marx and Engels, The Communist Manifesto
Paul M. Sweezy*, The Theory of Capitalist Development, 1942, chs. I-VI (pp. 1-108).

  1. TENTH TO TWELFTH WEEK: The Socialist Theory of the State and of the Proletarian Revolution, Imperialism, National Socialism.

V.I. Lenin, State and Revolution.
V. I. Lenin, Imperialism.
M. Dobb, Political Economy and Capitalism, ch. VII.
Paul M. Sweezy*, The Theory of Capitalist Development, Chs. XIII-XIX.

READING PERIOD ASSIGNMENT

Read E. Bernstein, Evolutionary Socialism, especially pp. 18-95, and survey again the items in the reading list marked *.

 

Source:Harvard University Archives. Syllabi, course outlines and reading lists in economics, 1895-2003 (HUC 8522.2.1). Box 3, Folder “Economics, 1943-1944 (2 of 2)”.

______________________

1943-44
HARVARD UNIVERSITY
ECONOMICS 11b
[Final. February, 1944]

One question may be omitted. Arrange your answers in the order of the questions.

  1. Describe briefly the emergence of either the English Independent Labour Party or the German Social Democratic Party.
  2. In the Second International, opinion was divided on the question whether socialists should or should not participate in bourgeois governments. What were the arguments that were adduced for and against? Which groups expressed the one and which the other view? Which view prevailed eventually within the Second International?
  3. What are the rules of rational allocation of productive resources in a socialist society, and how do they differ from the corresponding rules in a capitalist society (a) under conditions of perfect competition and (b) under conditions of monopolistic competition?
  4. State and criticize the Marxian proposition known as the Theory of Increasing Misery (“immiseration”).
  5. Most socialist writers recognize that the transition from the capitalist to the socialist form of life will raise a number of problems that are distinct from the problem of how to run a socialist society when established. What are those “transitional problems” and what methods have been suggested for dealing with them?
  6. What is meant by Reformism? By Revisionism? By Laborism?

 

Source:  Harvard University Archives. Harvard University. Final Examinations, 1853-2001. Box 8, Folder “Final examinations, Winter term, 1943-44”.

Image Source:  Harvard Class Album 1942.

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Economists Harvard Tufts

Harvard. Economics Ph.D. alumnus, Richard Vincent Gilbert, 1930

 

Richard Vincent Gilbert was encountered in an earlier post as one of two Jewish job market candidates being recommended for academic appointments by Harvard’s economics department in 1929. This post provides futher biographical and career information for R. V. Gilbert, a 1930 Harvard economics Ph.D. alumnus. His parents were Meyer Goldberg and Feigel (Fanny) Gaylburd. I presume he chose to change his name to Gilbert from Goldberg to blend in better with his U.S. academic environs. [Cf., The Harvard economist Abram Bergson was born to Isaac and Sophie Burkowsky whose last name morphed to Burk and only after the publication of his famous welfare economics article in the QJE, did Abram Burk become Abram Bergson.]

Richard Vincent Gilbert and his wife, Emma Cohen Gilbert, were the parents of one of the three winners of the Nobel prize in chemistry in 1980, Walter Myron Gilbert.

__________________

PhD Exams of Richard Vincent Gilbert, 1927

General Examination: in Economics, Wednesday, February 9, 1927.

Committee: Professors Young (chairman), Crum, Monroe, Usher, and Woods.

Academic History: University of Pennsylvania, 1919-20; Harvard College, 1920-23; Harvard Graduate School, 1923-. B.S., Harvard, 1923; M.A., Harvard, 1925. Assistant in Economics, Harvard, 1923-.

General Subjects: 1. Economic Theory and its History. 2. Money and Banking. 3. Statistics. 4. Economic History since 1776. 5. History of Ancient Philosophy. 6. Theory of International Trade.

Special Subject: Theory of International Trade.

Thesis Subject: Theory of International Trade. (With Professor Taussig.)

 

Source:Harvard University Archives. Harvard University, Examinations for the Ph.D. (HUC 7000.70), Folder “Examinations for the Ph.D., 1926-1927”.

__________________

PhD Dissertation of Richard Vincent Gilbert

Harvard, Ph.D. in Economics, 1930.

Thesis title: Theory of International Payments.

Source:  Harvard University. Report of the President of Harvard College 1929-1930, p. 119.

__________________

Obituary for R.V. Gilbert
F.D.R. Economics Adviser (d. 6 Oct 1985)

CAMBRIDGE, Mass. — Richard V. Gilbert, an economics adviser in President Franklin D. Roosevelt’s Administration, has died at home at age 83.

He had been ill with cancer and suffered a heart attack 10 days before his death last Sunday.

Gilbert served as a speechwriter for Roosevelt on economic issues during World War II. Economist Walter Salant of the Brookings Institution in Washington once called Gilbert “the outstanding, unsung hero of American wartime economic policy.”

He is credited, along with economist Robert Nathan, with persuading Roosevelt to boost aircraft and tank production and to accelerate merchant shipping.

Gilbert left teaching posts at Harvard University, Radcliffe and the Fletcher School of International Law and Diplomacy at Tufts University to become economic adviser in 1939 to Secretary of Commerce Harry Hopkins. He went on to become economic adviser to the price administrator and director of research in the Office of Price Administration.

Source: Associated Press, from the Los Angeles Times (October 13, 1985).

__________________

Biographical Note for the Richard V. Gilbert Papers at the FDR Presidential Library

Richard Vincent Gilbert was born in Philadelphia, Pennsylvania on September 6, 1902 and educated at Harvard University where he received his Ph.D. degree in 1931 [sic, 1930].

As a member of the Harvard faculty from 1924 to 1939, Gilbert taught courses in economic history and money and banking and participated in the Fiscal Policy Seminar at Littauer School of Public Administration, 1937- 39. He also taught courses in money and banking at Radcliffe College and international trade and finance at the Fletcher School of International Law and Diplomacy from 1934 to 1939.

In 1939 and 1940, Gilbert was the Director of the Division of Industrial Economics and Economic Advisor to the Secretary of Commerce. He then became Director of the Defense Economics Section of the Office of Price Administration and Civilian Supply (formerly the Price Stabilization Division of the Advisory Commission to the Council of National Defense), Economic Advisor to the Administration, and, from 1941 to 1946, Director of Research for the Office of Price Administration. He was a consulting economist from 1946 to 1949 and then joined Schenley Industries, Inc. as an Assistant to the Chairman of the Board. He later became a Vice President of the company.

Dr. Gilbert is the author of numerous articles and, with others [George H. Hildebrand Jr., Arthur W. Stuart, Maxine Yaple Sweezy, Paul M. Sweezy, Lorie Tarshis, and John D. Wilson], wrote a book entitled An Economic Program for American Democracy, which was published in 1938.

The papers of Richard V. Gilbert cover the period 1939 to 1948, during most of which he was a Federal Government employee. With few exceptions, the papers consist of official correspondence, memoranda, speech drafts, reports, and printed matter. Since Gilbert and his associates collaborated on the numerous reports and speech drafts written for the use of their agency and others, the authorship of certain items is unclear. For this reason, reports and speech drafts are generally filed with the records of the agency for which Gilbert was working at the time. The papers have been arranged in a single alphabetical series.

Died 6 October 1985 in Cambridge, Mass.

Source:  Franklin D. Roosevelt Presidential Library & Museum. Richard V. Gilbert Papers, 1939-1948. Collection Historical Note

Image Source: Gilbert’s senior year picture in the Harvard Class Album, 1923.

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Economists Harvard

Harvard. Economics PhD alumnus, Mandell Morton Bober, 1925

 

In the previous post we learned that the Harvard David A. Wells Prize winner for 1925-26, Mandell Morton Bober, was Jewish and this fact was considered relevant information in the Harvard economics department’s placement of graduates in university positions. This post provides some more biographical and career detail about Professor Bober who had a long and distinguished career as an economics professor at Lawrence University, Wisconsin.

Fun Facts: Bober taught undergraduate economics to Shinto Tsuru (who was to go on to Harvard graduate economics) and he was for a brief time a colleague of Harry Dexter White. 

Bober’s papers are kept at the Lawrence University archives.

________________

Bober: Life and career highlights

Born: November 15, 1891 in Kovel, Volhynia then Russia (now Ukraine).
Immigration: September 22, 1911 in New York.
B.S. (Mathematics): 1918 from the University of Montana.
A.M. (Economics): 1920 from Harvard University.
Teaching Assistant: 1923-24 in European Industry and Commerce since 1750 and Economic History of the United States (both taught by Assistant Professor Usher), Harvard University.
Teaching Assistant: 1923-27 in Economics A, Harvard University.
Ph.D.: 1925 in Economics from Harvard University.
Thesis: “Karl Marx’s interpretation of history.” Awarded the David A. Wells Prize for 1925-26. Published in 1927 by Harvard University Press (370 pages). Major revision published in 1948 (445 pages), reviewed by Paul M. Sweezy in Journal of Political Economy (June 1949), pp. 255-56.
Instructor (Economics): 1925, Boston University.
Longest University Appointment: 1927-1961 professorship of economics at Lawrence University in Appleton, Wisconsin.
Visiting professorship: Second semester of 1938-39 at the University of Buffalo for position left by Fritz Machlup (see AER March 1939, Notes, p. 224).
Government work: 1942 at the Office of Price Administration in Washington, D.C.
Textbook: 1955. Intermediate Price and Income Theory. (New York: W. W. Norton).
Honorary LL.D.: 1956 from Grinnell College.
Died: November 1966.

Sources:  From a variety of items found in a search at the geneological site ancestry.com; Annual reports of the President of Harvard College.

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Lawrence College Yearbook (The Ariel) mentions

1943 Yearbook: “M.M. Bober returned this summer to America’s dairyland after a year and a half in Washington, D.C. with the O.P.A…was awarded the David A. Wells prize several years ago for his book on Karl Marx…is chiefly interested in “teaching, teaching and teaching.” p. 15.

1944 Yearbook: M.M. Bober–“in eight years the new deal has graduated from the w.p.a. to the w.p.b.”

________________

Bober remembered as undergraduate professor of Shigeto Tsuru

When released from prison in the spring of 1931, I found myself expelled from the Higher School; and thus I followed my father’s suggestion to study abroad. My choice was to go to Germany inasmuch as my first foreign language was German. It happened, however, that in 1931 the Marxism-orientated Social Democratic Party was quite strong in Germany, and my father agreed to finance my study abroad only on the condition that I go to the United States. I agreed to this and chose for matriculation a small college in the State of Wisconsin – Lawrence College in Appleton – with a clandestine intention of crossing the Atlantic in due course.

Lawrence College then had another attraction to me, that is the two Harvard-trained economists in residence: Harry Dexter White, who later was instrumental in drafting an alternative plan to that of Keynes in Bretton Woods, and M.M. Bober, a rare specimen of a scholar on Marx in America at the time.

“Shigeto Tsuru” in A Biographical Dictionary of Dissenting Economists (2nded.), Philip Arestis and Malcolm Sawyer (eds.) (Cheltenham, UK: Edward Elgar, 2000). p. 680.

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Bober remembered as reported on the Lawrence Economics Blog
Dec 7, 2012

Professor Galambos points us to The Chaney Tapes — a chronicle of legendary Professor William A. Chaney’s life and times here at Lawrence.  Of particular interest to this blog is the very high profile of Lawrence economists.  Here’s a taste of Professor M.M. Bober:

Some of Professor Chaney’s fondest memories are of his faculty colleagues in the 1950s and 1960s. M. M. Bober, professor of economics, is a particular favorite. His witticisms provide Chaney, himself the master of anecdotal enlightenment, with endless tales.

When discussing an art history professor’s latest attempts at painting, Professor Bober is reported to have said, “Hanging is too good for them”…

Bober’s sharp commentaries even warranted national attention when Time magazine published some of his more notable lines in a review of the retirement of several of academia’s greats in 1957: “If God were half as good to us as we are to Him, we’d be living in paradise,” “Businessmen have as much competition as they cannot get rid of,” and “When you leave this room I want you to feel that you have learned something. Don’t go out and just develop a personality.”

Source:  Economics blog of Lawrence University.

Image Source:  Lawrence College, “Ariel, 1934” (1934), p. 23. Lawrence Yearbooks. 4.