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Michigan. Henry Carter Adams and School of Applied Ethics, 1891. With Biography.

 

Scavenging in digitized archives is certainly no less important an activity than risking the dust in conventional archival folders found in boxes to seek paper receipts of history. Last night I stumbled into the wonderful digitized archives of the University of Michigan’s daily newspaper (see link below). Like a kid in the proverbial candy store, I was riding a sugar high for most of the evening. This morning after a couple of cups of coffee, I put together the following material: biographical/career information about Professor Henry Carter Adams and a report of an interdisciplinary summer school he helped to establish in applied ethics (in 1891!).

I was well aware of Adams’ reputation as an expert in public finance, but I hadn’t noticed that he had been fired from Cornell for a lecture he gave on the Great Southwest railroad strike of 1886. “This man must go, he is 
sapping the foundations of our society.” We shouldn’t ever take our academic freedom for granted!

Other posts at Economics in the Rear-view Mirror dealing with the economist Henry Carter Adams:

Research Tips:

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HENRY CARTER ADAMS
(31st December, 1851—11th August, 1921)

The following memorial to the late
 Professor Henry C. Adams was present
ed to the University Senate at a recent
 meeting. It was prepared by a commit
tee of which R. M. Wenley; Professor of 
Philosophy was the chairman. The other 
members were S. Lawrence Bigelow, 
 Professor of Chemistry and I. Leo 
Sharfman, Professor of Economics.

An obvious drawback of academic life is 
that titles tend to obscure persons: and when, 
as with our colleague Henry Carter Adams, 
 the man dwarfs the title, liability to misjudge
 or overlook becomes serious. Not till too
 late, death prompting inquiry or reflection, do
 we grow aware of the true reasons for the
 magnitude of our gain and loss. Even so, 
 when we attempt a fit Memorial, the Odyssey
 of the spirit is all too apt to evade our tardy 
heed. The career of Professor Adams furn
ishes a typical case in point.

Henry Carter Adams was born at Daven
port, Iowa, December 31, 1851. He came of
 old New England stock; his forebears had
 made the great adventure oversea in 1623. His
 mother, Elizabeth Douglass, and his father, 
 Ephraim Adams, were a like-minded pair, 
 representative of the soundest traditions of 
New England character and nurture. Ephraim 
Adams, one of a small band of missionaries
 from Andover Theological Seminary who for
sook everything for Christ’s sake, arrived on 
the open prairies of Iowa in 1842—the goal
 of three weeks’ hard journey from Albany, New York. Their mission it was to kindle 
and tend the torch, not merely of religion, but
 also of education, among the far-flung pioneers. 
 Consequently, it is impossible to understand
 why Henry Adams was what he was, became
 what he became, unless one can evoke sympa
thetic appreciation of the temper, which de
termined his upbringing. For example, it may
 well astonish us to learn that his nineteenth 
birthday was but a few months off ere he
 received his first formal instruction. The
 reasons thereof may astonish us even more. 
 The child had been sickly always, physicians 
informing the parents that he could not survive the age of fourteen. The “open prairies” 
proved his physical salvation. Given a cause 
and a gun, the boy roamed free, passing from
 missionary home to missionary home, some-
times bearing parental messages to the scat
tered preachers. In this way he outgrew 
debility and, better still, acquired a love for
 nature, and an intimacy with our average 
citizenry, never lost. Meanwhile, the elder
 Adams taught him Greek, Latin, and He brew
 as occasion permitted. At length, in 1869, he
 
entered Denmark Academy whence, after a
 single year, he was able to proceed to Iowa
 College, Grinnell, where he graduated in 1874. During these five years, the man whom we 
knew started to shape himself.

In the home and the wider circle of friends, the impressionable days of childhood had been 
moulded by Puritanism. God’s providence, 
the responsibility of man, the absolute distinc
tion between right and wrong, with all result-
ant duties and prohibitions, set the perspective. 
Fortunately, the characteristic Yankee interest 
in education—in intelligence rather than learn
ing—contributed a vital element. An active
 mind enlarged the atmosphere of the soul. De-
spite its straight limitations as some reckon 
them; here was a real culture, giving men in
ner harmony with self-secure from disturbance
 by the baser passions. As we are aware 
now, disturbance came otherwise. To quote
 Adams’ own words, he was “plagued by doc
trines” from the time he went to the Academy. 
 The spiritual impress of the New England
 home never left him; it had been etched upon 
his very being. But, thus early, Calvinistic 
dogma aroused misgivings, because its sheer 
profundity bred high doubt. As a matter of 
course, Ephraim Adams expected his son to 
follow the Christian ministry, and Henry him
self foresaw no other calling meantime. Hence, when scepticism assailed him, he was destined
 to a terrible, heart-searching experience, the
 worse that domestic affection drew him one
 way, mental integrity another. His first years 
at Grinnell were bootless; the prescribed stud
ies held no attraction and, likely enough, sick
ness had left certain lethargy. But, when 
he came to history, philosophy, and social
 questions, he felt a new appeal. His Junior
 and Senior years, eager interest stimulating, 
profited him much. Still dubious, he taught
 for a year after graduation at Nashua, Iowa. Then, bowing to paternal prayer and maternal 
hope, he entered Andover Theological Semi-nary, not to prepare for the ministry, however, 
 but “to try himself out”—to discover whether 
preaching were possible for him. In the Spring 
of 1876, he had decided irrevocably that it was 
not. Adams’ “first” education—education by
 the natal group—ended here. It had guaran
teed him the grace which is the issue of 
moral habit, had wedded him to the convic
tion that justice is truth in action. For, al-
though he abandoned certain theological for
mulae, the footfall of spiritual things ever 
echoed through hrs character. The union of 
winsome gentleness with stern devotion to 
humanitarian ideals, so distinctive of Professor Adams, rooted in the persistent influ
ence of the New England conscience.

The Second Education

Turning to the “second” education, destined 
to enroll our colleague among economic lead
ers, it is necessary to recall once again conditions almost forgotten now. When, forty-five
 years ago, an academy and college-bred lad, 
 destined for the ministry, found it necessary 
to desist, he was indeed “all at sea.” For 
facilities, offered on every hand today by the
 Graduate Schools of the great universities, 
 did not exist. The youth might drift—into 
journalism, teaching, or what not. But drift
ing was not on Adams’ programme. He wrote 
to his parents who, tragically enough, could 
not understand him, “I must obtain another 
cultural training.” His mind had dwelt already upon social, political, and economic prob
lems: therefore, the “second” education must
 be non-theological. Whither could he look? At this crisis his course was set by one of 
those small accidents, which, strange to tell, 
 play a decisive part in many lives. By mere
 chance, he came upon a catalogue of Johns
 Hopkins University, so late in the day, more-
over, that his application for a fellowship, 
 with an essay enclosed as evidence of fitness, 
arrived just within time limits. Adams was 
chosen one of ten Fellows from a list of more 
than three hundred candidates, and to Balti
more he went in the fall of 1876. His letters
 attest that the new, ampler opportunities at
tracted him strongly. He availed himself of 
concerts, for music always moved him. Here 
he heard the classics for the first time. Hither-
to he had known only sacred music. Sometimes 
he played in church and, as records show, he
 sang in our Choral Union while a young pro
fessor. We find, too, that he served as assistant in the Johns Hopkins library, not for 
the extravagant salary, as he remarks humor
ously, but on account of access to books—”I
 am reading myself full.” His summers were
 spent in his native State, working in the fields. 
 In 1878 he received the doctorate, the first 
conferred by the young and unique university.


Study in Europe

The day after graduation President Oilman
 sent for him, and told him, “You must go to
 Europe.” The reply was typical—”I can’t, I 
haven’t a cent.” Oilman continued, ”I shall
 see what can be done,” with the result that the benefactor to whom Adams dedicated his 
first book found the requisite funds. Brief
 stays at Oxford and Paris, lengthier at Berlin
 and Heidelberg, filled the next fourteen
 months. The journalistic bee still buzzing in 
his head, Adams had visited Godkin before
 leaving for Europe, to discuss the constructive
 political journalism he had in mind. Godkin 
received him kindly, but as Adams dryly re-
marks, had a long way to travel ere he could
 understand. In the summer of 1878, President
 Andrew D. White, of Cornell, traveling in 
Germany, summoned Adams, to discuss a 
vacancy in this university. To Adams’ huge
 diappointment, as the interview developed, it
 became apparent that White, with a nonchalance some of us remember well, had mistaken H. C. Adams, the budding economist, 
 for H. B. Adams, the budding historian. The
 vacancy was in history, not in political science 
or economics. Expectation vanished in thin 
air. But Adams was not done with. Return
ing to his pension, he sat up all night to draft 
the outline of a course of lectures which, as
 he bluntly put it, “Cornell needed.” Next day 
he sought President White again who, being
 half persuaded by Adams’ verbal exposition, 
 kept the document, saying he would communicate with Cornell, requesting that a place be
 made for the course if possible. Writing from
 Saratoga, in September 1879, Adams tells his 
mother that all is off at Cornell, that he must
 abandon his career and buckle down to earn
ing a livelihood. A lapse of ten days trans
formed the scene. The Cornell appointment
 had been arranged, and he went to Ithaca 
forthwith. So meagre were the facilities then 
offered in the general field of the social sci
ences that Adams gave one semester, at Cornell and Johns Hopkins respectively, to these
 subjects in the year 1879-80. The same ar
rangement continued till 1886, Michigan be
ing substituted for Johns Hopkins in 1881. As 
older men recall, Dr. Angell taught economics, 
 in addition to international law, till the time
 of his transfer to Pekin as Minister to China. 
 At this juncture, Adams joined us, forming a 
life-long association. He himself says that he
 “gave up three careers, —preaching, journalism, 
 and reform—to devote himself to teaching”
 where he believed his mission lay.

Dismissal from Cornell

There is no better index to the enormous 
change that has overtaken the usual approach
 to social questions than the circumstances
, which caused Adams’ expulsion from Cornell
 University. The Scientific American Supple
ment (p. 8861) of date August 21st, 1886, con
tains the substance of an address, “The Labor 
Problem.” We quote Adams’ comments, inscribed beside the clipping in his personal
 scrapbook.

“This is the article that caused my dismissal 
from Cornell. This article was given on the
 spur of the moment. Professor Thurston had 
invited a man from New York to address the
 engineering students, but the lecturer failed
 to come. I was asked to come in and say a
 few words on the Gould Strike. It was said 
to me that other members of the Faculty 
would speak, and that I might present my
 views as an advocate.

“The room was crowded for, besides the 
engineering society, my own students, getting 
word of it, came over to the Physical Laboratory room where the addresses of the society
 were given. A more inspiring audience no 
man could have, and I spoke with ease, with
 pleasure and, from the way my words were 
received, with effect. The New York papers 
reported what I said and, three days after, Mr. 
Henry Sage, than whom I know no more 
honest hypocrite or unchristian a Christian, 
 came into the President’s office and, taking
 the clipping from The New York Times out
 of his pocket said, “This man must go, he is 
sapping the foundations of our society.” It
 was not until then that I thought of putting
 what I said into print, but I then did it, fol
lowing as nearly as possible what I said and
 the way I said it.

“The effect of this episode upon myself was 
to learn that what I said might possibly be of
 some importance.

“Of course, there is a good deal of secret 
history connected with the matter, but I am 
not likely to forget that.”

This echo of old, far-off, unhappy things is 
most suggestive, because more than any other
 man, perhaps, Adams mediated the vast, silent 
change marking these last thirty-five years. 
 As has been aptly said, “he had a most roman
tic intellectual career.”

Appointment at Michigan

In 1887, he was appointed to the Michigan
 chair, which he greatly graced till death. At
 this time, too, on the urgent request of his
 close friend, Judge Thomas M. Cooley, then
 Chairman, he joined the Interstate Commerce
 Commission, much against his own inclination. 
 When he founded the Statistical Department, 
 he had the assistance of a single clerk; when
 he resigned, in 1911, the personnel numbered 
two hundred and fifty. Mutatis mutandis, a
 parallel expansion overtook our Department
 of Economics under his leadership.

It must suffice merely to mention his services with the Eleventh Census, the Michigan
 Tax Commission, and the Chinese Republic, 
 pointing out that such positions come only to
 men of high distinction and proven authority. 
 More than a quarter of a century has elapsed
 since his election to the Presidency of the
 American Economic Association, which he
 helped to found; nearly as long since he was
 presiding officer of the American Statistical
 Association. In short, he ranked among the
 most important and influential leaders in his
 chosen field. His Alma Mater honored her-
self in honoring him with the degree of LL.D 
twenty-three years ago; Wisconsin followed suit in 1903; Johns Hopkins in 1915. Needless 
to say, he had many offers, some most tempt
ing, to leave Michigan. But, entertaining pro
found confidence in the State University, be
lieving that it was destined to be instrumental 
in the diffusion of those opportunities in high
er education indispensable to a free democracy, 
he refused to move. In attachment to this
 University, like not a few men whom she has 
imported, he outdid many alumni.

His Original Work

Naturally, Adams produced a mass of orig
inal work. Upon two fields of economic investigation, particularly—public finance and
 public control—he imposed a durable imprint. 
His interest in public finance dated from his 
doctoral dissertation, Taxation in the United
 States, 1789-1816. In Public Debts, an Essay 
in the Science of Finance, later translated into
 Japanese, and in The Science of Finance, an 
Investigation of Public Expenditures and Pub
lic Revenues, he not only manifested wide
 economic grasp and remarkable power of an
alysis, but exhibited the principles of public 
finance as a scientific unity, in their manifold 
relations to social, political, and economic progress. His memorable essay, The Relation of the State to Industrial Action, marked his initial, and most significant, contribution in the 
field of public control. He subjected the preva
lent doctrine of laissez-faire to searching analysis, and, with profound appreciation of the
 demands of a dynamic world, formulated basic 
principles for the guidance of industrial leg
islation. His emphasis on the function of the
 State in moulding the plans of competitive ac
tion, in realizing for society the benefits of
 monopolistic control, and in restoring condi
tions of social harmony to the economic order, 
 foreshadowed much of the theoretical dis
cussion and practical reorganization of a later 
day. His subsequent achievements in the de
velopment of public control, especially over 
railroad transportation, are incorporated in the 
accounts and classifications which he slowly 
evolved as statistician of the Interstate Com
merce Commission. The universal acceptance 
today of statuted accounting and statistical 
practice as an indispensable instrument for the 
effective regulation of railroads and public
 utilities remains a lasting monument to the 
intelligence and validity of his pioneering ef
forts. It is a distinct loss to economic scholarship and to historical tradition that his Ameri
can Railway Accounting published seven years
 after his resignation from the Interstate Com
merce Commission, was but a commentary on 
these accounts and classifications rather than 
that graphic picture of their origin and de
velopment such as he alone was competent to
 produce.

The Social Philosopher

Throughout life, Adams’ intellectual ap
proach was that of a social philosopher rather 
than of a technical economist. This is plain 
throughout his published work. Intuitive yearn
ing for social justice, prompted by a Puritan
 conscience, stimulated by an analytical intel
lect, colored all his writings. Human rela
tions uniformly served as his point of depar
ture, and humane amelioration was ever the 
horizon toward which he moved. Such was
 the spirit of his Relation of the State to In
dustrial Action, and of his fundamental stud
ies in public finance. His papers on the social
 movements of our time, and on the social 
ministry of wealth, contributed to The Inter
national Journal of Ethics; his discussions, in 
the economic journals, of economics and jur
isprudence, publicity and corporate abuses, and 
of many of the more technical aspects of rail-
road taxation; of the developments of the
 Trust movement, budget reform, and foreign 
investments as a crucial element in international maladjustments, were moulded by a similar
 insight into primary human relations, and by 
a like desire to contribute to the realization of 
human betterment.

Accordingly, it was the more remarkable
 that Professor Adams proved himself so ef
fective a public servant in the formulation of 
practical and concrete machinery for the regulation of transportation agencies, in this 
country and in China. The reason for this 
success is to be found in his consistent adher
ence to the conception of accounts and sta
tistics as mere instruments of social control 
rather than as fields of inquiry for their own
 sake. From first to last, then, he remained the
 social philosopher. His plans for the future 
promised a return to the synthetic intellectual
 activity of his early career. Death overtook 
him with his labors unfinished, but the direc
tion of his interests was clear and unmistak
able.

In sum, then, remarkable as was the career, 
 formative as were its results, the personality 
overtopped all else, mainly because Adams’
 austere judgment of self, his nigh innocent 
attitude toward his great attainments, won
 upon others. Indeed, no one would have been
 more surprised than he at the words we have 
addressed to you this evening, —partly on ac-
count of his innate modesty, partly thanks to 
his very reticence, which prevented us from making known to him how we esteemed his
 deep, pervasive glow.

S. LAWRENCE BIGELOW

I. LEO SHARFMAN

R. M. WENLEY, Chairman

 

Source: The Michigan Alumnus 520-524. Transcribed at the  Henry Carter Adams page at the University of Michigan Faculty History Project.

______________________

School of Applied Ethics, 1891.
First Dean, Henry C. Adams of the 
University of Michigan

In this article we give a brief sketch of the school of Applied Ethics and Prof. Henry C. Adams’ work in connection with it.

The following, taken from the secretary’s report, describes the origin and purposes of the institution:

“The School of Applied Ethics held its first session at Plymouth, Mass., from July 1 to August 12, 1891. This was an experimental undertaking, and the first step towards the carrying out of a large and important educational project, the founding of a fully-equipped School of Applied Ethics in connection with some large university. It is proposed, not to found another school similar to and is as a rival of any schools already existing, but to meet a real educational need by furnishing systematic instruction in a field of investigation not especially provided for in established institutions.

The experiment of last summer proved so successful that it has been decided to hold a similar session another year at the same time and place, and the managers hope that not only the summer school, but also the permanent school referred to will be successfully established, and occupy in time an important place among educational institutions.

The proposition to establish a School of Applied Ethics, either independently or in connection with some large university, has been under discussion for several years. Attention was first called to the need of such a school, in a public address in Boston, by Prof. Felix Adler, during the May anniversary week of 1879. The project was afterwards discussed in the Index and other papers; but the plans were still too indefinite and public interest was not sufficiently awakened to the importance of the undertaking.

The subject was next brought to public notice, and in a more definite shape at the third convention of the Ethical Societies, held in Philadelphia, January, 1889. It was the topic of a special public meeting, and addresses were made by Prof. Adler, Mr. Thomas Davidson, Professor Royce, Rev. Wm. J. Potter, and others. Numerous letters endorsing the proposed school were received from distinguished representatives of different professions in various parts of the country. At the next convention of the Ethical Societies, held in New York, December, 1890, the project was again brought forward and endorsed at a public meeting by President E. Benj. Andrews, Rev. Lyman Abbott, Professor Daniel G. Brinton, Rev. R. Heber Newton, Dr. A. S. Isaacs, and Professor Adler. Definite action towards the realization of the project was taken in the following resolution, passed by the convention:

Resolved, That the Executive Committee be empowered to raise $4000 to establish a Summer School of Ethics for one year, and to hand over its management to a committee of nine, three of whom shall be lecturers of the Ethical Societies.

In consequence of this resolution a committee was appointed, which met in New York, March 2, 1891. There were present Professor H. C. Adams, of the University of Michigan, Professor C. H. Toy, of Harvard University, Professor Felix Adler, of New York, President E. Benjamin Andrews, of Brown University, Professor Morris Jastrow, Jr.,of the University of Pennsylvania, and Mr. S. Burns Weston, of Philadelphia. The trust implied by the above resolution was accepted by the committee, and plans were presented and adopted for a summer session of six weeks with the three departments of Economics, History of Religions, and Ethics. Professor Henry C. Adams was made director of the department of Economics, Professor C.H. Toy, of History of Religions, and Professor Felix Adler, of Ethics proper. It was decided that the office of Dean should be filled in rotation by the heads of the departments in the order given, and Prof. Adams became Dean of the school for the first year.

The first session opened July 1, at Lyceum Hall, Plymouth, Mass., with public addresses by Professors Adams, Toy, and Adler on the work to be done in their respective branches. The regular daily lectures began Thursday, July 2, with a good attendance.

In the department of economics the main course consisted of a series of sixteen lectures by Professor Adams, on the History of Industrial Society and Economic Doctrine in England and America, in which special attention was given to the gradual rise of those practical problems in the labor world, which cause so much anxiety and discussion today. The subjects of the lectures in this course were as follows:

The Modern Social Movement, and the True Method of Study. The Manor considered as the Unit of Agricultural Industry in Feudal Times. The Town considered as the Unit of Manufacturing Industry in Feudal Times. The Black Death and Tyler’s Rebellion considered in their Industrial Consequences. The Times of Henry VIII and Elizabeth considered as foreshadowing Modern Ideas of Capital. The Spirit of Nationalism as expressed in Industrial Legislation of the 17th and 18th’s Centuries. Liberal Writers of the Eighteenth Century, considered with Especial Reference to the Industrial Liberalism of Adam Smith. Industrial and Social Results of the Development of Textile Machinery. Critical Analysis of the Effect of Machinery on Wages. Industrial and Social Results of the Development of Steam Navigation. Mill’s Political Economy, considered as the most Perfect Expression of the Industrial Ideas of the Middle Classes. Changes in Economic Ideas since Mill; (a) Fundamental Economic Conceptions, (b) Relation of Government to Industries. Trades-Unions considered as the Workingman’s Solution of the Labor Question. Public Commissions considered as a Conservative Solution of the Monopoly Question. An Interpretation of the Social Movement of Our Time.”

 

The following, clipped from the article by Rev. W. H. Johnson in the Christian Register, shows that Prof. Adams sustained his well-merited reputation as a political economist of the first rank:

“The chief interest of the school seems to have centered in the Department of Economics, testifying to the growing appreciation of the profoundly vital manner in which the great social topics of the times touch us all. Here were numbers of people gathered together who had become tired of the cure-alls offered by narrow-minded enthusiasts, not less than heartsick of the social wrongs and miseries which bring this class into existence, and intensely anxious for some teaching which would point out clear landmarks. Only the existence of this feeling of earnest longing for some measure of authoritative exposition can account for the enthusiasm which has attended the economic course. In Prof. Adams, this department has had for its director and chief expositor a mastermind. Apart from the interest of the subject, it would be impossible to listen without keen satisfaction to his rigid analysis and lucid explanations of a subject which is, for the most of us, wrapped in “chaos and perpetual night.” Prof. Adams’ final lecture, summing up the economic teaching of the school during the six weeks’ course, was one of rare merit. He was at once overwhelmed with requests for its publication, to which he has consented.”

 

Source: The U. of M. Daily.Vol. II, No. 51 (December 3, 1891), p. 1.

Image Source: From the Henry Carter Adams page at the University of Michigan Faculty History Project.

 

Categories
Economists Michigan

Michigan. Economics Faculty List from Centennial Symposium, 1980

 

The Michigan economics department celebrated its Centennial in 1980 and appended a list of present and former faculty to the symposium program, a copy of which found its way to Wolfgang Stolper’s papers, now at Duke. 

This post provides chronological and alphabetical lists of economics faculty (for the rank of lecturer and above, with a minimum three years of service) at the University of Michigan for 1880-1980.

A brief history of the University of Michigan’s economic department through 1940 has been posted earlier.

__________________

Those listed were in the department three years or more at a rank of Lecturer and up. The concluding year for faculty who moved into the Business School is shown as 1924; for Sociology as 1929. Current [1980] faculty members’ names appear in all capital letters.

Chronological List

Adams, Henry Carter 1880-1921
Cooley, Charles H. 1892-1929
Dixon, Frank H. 1892-1898
Taylor, Fred M. 1892-1929
Jones, Edward D. 1901-1919
Smalley, Harrison S. 1903-1912
Friday, David 1908-1921
Parry, Carl E. 1908-1912
Hamilton, Stuart M. C. 1910-1914
Dowrie, George W. 1913-1918
Rottschaffer, Henry 1913-1916
Sharfman, I. Leo 1913-1954
Thompson, Warren S. 1913-1918
Ivey, Paul W. 1914-1917
Kolbe, Frank F. 1914-1917
Rodkey, Robert G. 1914-1917
Paton, William A. 1915, 1917-1959
Tucker, Rufus S. 1915-1919
Calhoun, Wilbur P. 1916-1923
Leffler, Roy V. 1916-1919
Schmitt, Herbert N. 1916-1923
Kilborn, Russell D. 1917-1920
Wood, Arthur E. 1917-1929
Holmes, Roy N. 1918-1930
Caverly, Harcourt L. 1919-1933
Griffen, Clare E. 1919-1924
Walker, Ross G. 1919-1922
Cahow, Paul D. 1920-1924
Edmonds, Charles C. 1920-1925
Ellis, Howard S. 1920-1922, 1925-1938
Lubin, Isador 1920-1923
May, Carroll 1920-1930
Ross, Francis E. 1920-1927
Carr, Lowell J. 1921-1929
Horner, Seward L. 1921-1926
Oppenheim, Saul C. 1921-1926
Peterson, Shorey 1921-1967
Wyngaarden, Herman 1921-1924
Angell, Robert C. 1922-1929
Day, Edmund E. 1922-1927
Lewis, Ben W. 1922-1925
Mason, Perry 1922-1930
Watkins, Leonard L. 1922-1924, 1926-1957
Bigge, George E. 1923-1927
Dickinson, Z. Clark 1923-1959
Devol, Floyd E. 1924-1936
Elliot, Margaret 1924-1949
Foscue, Augustus W. 1924-1927
Goodrich, Carter L. 1924-1931
Selbey, Harold K. 1924-1928
Sickle, John V. Van 1924-1928
Whitlow, Claude J. 1925-1929
Woodworth, G. Walter 1925-1930
Adams, Leonard W. 1926-1929
Engle, Nathanael H. 1926-1930
Briggs, Robert P. 1927-1945
Horton, Donald C. 1927-1935
Remer, Charles F. 1928-1959
Crandell, William T. 1929-1935
Horner, Robert R. 1929-1941
Robinson, Roland J. 1929-1935
Copeland, Morris A. 1930-1936
Hoad, William M. 1930-1934
Laing, Lemuel L. 1930-1945
Palmer, William B. 1930-1976
Timoshenko, Vladimir 1930-1935
Handman, Max S. 1931-1940
Ford, Robert S. 1934-1968
Haber, William 1936-1968
Hoover, Edgar M. 1936-1947
Simmons, Edward C. 1936-1947
Smithies, Arthur 1938-1946
ACKLEY, GARDNER 1940-
Anderson, George R. 1942-1972
Bond, Floyd A. 1942-1946
Wixon, Rufus 1944-1947
Patterson, Gardner 1947-1950
Katona, George 1947-1972
LEVINSON, HAROLD M. 1947-
Musgrave, Richard A. 1947-1959
Suits, Daniel B. 1947-1970
Boulding, Kenneth E. 1949-1968
Smith, Warren L. 1949-1954, 1957-1972
STOLPER, WOLFGANG F. 1949-
Klein, Lawrence R. 1950-54
MORGAN, JAMES N. 1950-
Brower, Tony 1952-1955
Lansing, John B. 1956-1970
Rousseas, Stephen W. 1956-1959
BRAZER, HARVEY E. 1957-
Fletcher, Daniel O. 1957-1960
Hutchinson, Harry D. 1957-1960
MUELLER, EVA L. 1957-
Winger, William P. 1957-1960
BORNSTEIN, MORRIS 1958-
Shearer, Ronald A. 1958-1962
Hayes, Samuel P. 1959-1962
ANDERSON, W. H. LOCKE 1960-
Ayal, Eliezer B. 1960-1963
FUSFELD, DANIEL R. 1960-
Milstein, David N. 1960-1963
BARLOW, ROBIN 1961-
Eckstein, Alexander 1961-1976
STERN, ROBERT M. 1961-
Babcock, Jarvis M. 1962-1966
Butter, Irene 1962-1966
Chao, Kang 1962-1965
Shulman, Mary Alice 1962-1975
TEIGEN, RONALD L. 1962-
Morss, Elliott R. 1963-1965
Parker, John E. 1963-1967
SHEPHERD, WILLIAM G. 1963-
Tilly, Richard 1963-1966
HYMANS, SAUL H. 1964-
PORTER, RICHARD C. 1964-
SHAPIRO, HAROLD T. 1964-
CROSS, JOHN G. 1965-
HOLBROOK, ROBERT S. 1965-
BERG, ELLIOT J. 1966-
Demeny, Paul 1966-1969
JOHNSON, GEORGE E. 1966-
Munk, Bernard 1966-1969
STAFFORD, FRANK P. 1966-
Yoshihara, Kunio 1966-1969
CRAFTON, HELEN P. 1967-
Eckstein, Peter C. 1967-1971
NEENAN, WILLIAM B. 1967-
Scherer, Frederic M. 1967-1973
Cohen, Malcolm 1968-1973
DERNBERGER, ROBERT F. 1968-
FELDSTEIN, PAUL J. 1968-
FREEDMAN, DEBORAH S. 1968-
Klass, Michael W. 1968-1974
STEINER, PETER O. 1968-
Strumpel, Burkhard 1968-1975
Winter, Sidney G. 1968-1976
Hill, C. Russell 1969-1975
Manove, Michael E. 1969-1975
Simmons, George B. 1969-1974
Taylor, Lester D. 1969-1974
DEARDORFF, ALAN V. 1970-
Lee, Ronald D. 1970-1979
SAXONHOUSE, GARY R. 1970-
Shoup, Donald C. 1970-1974
Heller, Peter 1971-1977
Roistacher, Elizabeth 1972-1975
RUBINFELD, DANIEL L. 1972-
WEISSKOPF, THOMAS L. 1972-
WRIGHT, GAVIN 1972-
COURANT, PAUL N. 1973-
HOWREY, E. PHILIP 1973-
JUSTER, F. THOMAS 1973-
KMENTA, JAN 1973-
ADAMS, WILLIAM JAMES 1974-
BERGSTROM, THEODORE C. 1975-
DUNCAN, GREG. J. 1975-
LAITNER, JOHN P. 1975-
ANDERSON, ANN P. 1976-
CURTIN, RICHARD T. 1976-
GRAMLICH, EDWARD M. 1976-
BLUME, LAWRENCE 1977-
SIMON, CARL P. 1977-
VARIAN, HAL R. 1977-
RANNEY, SUSAN I. 1978-
WEBB, STEVEN B. 1978-
LOURY, GLENN C. 1979-

 

Alphabetical list

ACKLEY, GARDNER 1940-
Adams, Henry Carter 1880-1921
Adams, Leonard W. 1926-1929
ADAMS, WILLIAM JAMES 1974-
ANDERSON, ANN P. 1976-
Anderson, George R. 1942-1972
ANDERSON, W. H. LOCKE 1960-
Angell, Robert C. 1922-1929
Ayal, Eliezer B. 1960-1963
Babcock, Jarvis M. 1962-1966
BARLOW, ROBIN 1961-
BERG, ELLIOT J. 1966-
BERGSTROM, THEODORE C. 1975-
Bigge, George E. 1923-1927
BLUME, LAWRENCE 1977-
Bond, Floyd A. 1942-1946
BORNSTEIN, MORRIS 1958-
Boulding, Kenneth E. 1949-1968
BRAZER, HARVEY E. 1957-
Briggs, Robert P. 1927-1945
Brower, Tony 1952-1955
Butter, Irene 1962-1966
Cahow, Paul D. 1920-1924
Calhoun, Wilbur P. 1916-1923
Carr, Lowell J. 1921-1929
Caverly, Harcourt L. 1919-1933
Chao, Kang 1962-1965
Cohen, Malcolm 1968-1973
Cooley, Charles H. 1892-1929
Copeland, Morris A. 1930-1936
COURANT, PAUL N. 1973-
CRAFTON, HELEN P. 1967-
Crandell, William T. 1929-1935
CROSS, JOHN G. 1965-
CURTIN, RICHARD T. 1976-
Day, Edmund E. 1922-1927
DEARDORFF, ALAN V. 1970-
Demeny, Paul 1966-1969
DERNBERGER, ROBERT F. 1968-
Devol, Floyd E. 1924-1936
Dickinson, Z. Clark 1923-1959
Dixon, Frank H. 1892-1898
Dowrie, George W. 1913-1918
DUNCAN, GREG. J. 1975-
Eckstein, Alexander 1961-1976
Eckstein, Peter C. 1967-1971
Edmonds, Charles C. 1920-1925
Elliot, Margaret 1924-1949
Ellis, Howard S. 1920-1922, 1925-1938
Engle, Nathanael H. 1926-1930
FELDSTEIN, PAUL J. 1968-
Fletcher, Daniel O. 1957-1960
Ford, Robert S. 1934-1968
Foscue, Augustus W. 1924-1927
FREEDMAN, DEBORAH S. 1968-
Friday, David 1908-1921
FUSFELD, DANIEL R. 1960-
Goodrich, Carter L. 1924-1931
GRAMLICH, EDWARD M. 1976-
Griffen, Clare E. 1919-1924
Haber, William 1936-1968
Hamilton, Stuart M. C. 1910-1914
Handman, Max S. 1931-1940
Hayes, Samuel P. 1959-1962
Heller, Peter 1971-1977
Hill, C. Russell 1969-1975
Hoad, William M. 1930-1934
HOLBROOK, ROBERT S. 1965-
Holmes, Roy N. 1918-1930
Hoover, Edgar M. 1936-1947
Horner, Robert R. 1929-1941
Horner, Seward L. 1921-1926
Horton, Donald C. 1927-1935
HOWREY, E. PHILIP 1973-
Hutchinson, Harry D. 1957-1960
HYMANS, SAUL H. 1964-
Ivey, Paul W. 1914-1917
JOHNSON, GEORGE E. 1966-
Jones, Edward D. 1901-1919
JUSTER, F. THOMAS 1973-
Katona, George 1947-1972
Kilborn, Russell D. 1917-1920
Klass, Michael W. 1968-1974
Klein, Lawrence R. 1950-54
KMENTA, JAN 1973-
Kolbe, Frank F. 1914-1917
Laing, Lemuel L. 1930-1945
LAITNER, JOHN P. 1975-
Lansing, John B. 1956-1970
Lee, Ronald D. 1970-1979
Leffler, Roy V. 1916-1919
LEVINSON, HAROLD M. 1947-
Lewis, Ben W. 1922-1925
LOURY, GLENN C. 1979-
Lubin, Isador 1920-1923
Manove, Michael E. 1969-1975
Mason, Perry 1922-1930
May, Carroll 1920-1930
Milstein, David N. 1960-1963
MORGAN, JAMES N. 1950-
Morss, Elliott R. 1963-1965
MUELLER, EVA L. 1957-
Munk, Bernard 1966-1969
Musgrave, Richard A. 1947-1959
NEENAN, WILLIAM B. 1967-
Oppenheim, Saul C. 1921-1926
Palmer, William B. 1930-1976
Parker, John E. 1963-1967
Parry, Carl E. 1908-1912
Paton, William A. 1915, 1917-1959
Patterson, Gardner 1947-1950
Peterson, Shorey 1921-1967
PORTER, RICHARD C. 1964-
RANNEY, SUSAN I. 1978-
Remer, Charles F. 1928-1959
Robinson, Roland J. 1929-1935
Rodkey, Robert G. 1914-1917
Roistacher, Elizabeth 1972-1975
Ross, Francis E. 1920-1927
Rottschaffer, Henry 1913-1916
Rousseas, Stephen W. 1956-1959
RUBINFELD, DANIEL L. 1972-
SAXONHOUSE, GARY R. 1970-
Scherer, Frederic M. 1967-1973
Schmitt, Herbert N. 1916-1923
Selbey, Harold K. 1924-1928
SHAPIRO, HAROLD T. 1964-
Sharfman, I. Leo 1913-1954
Shearer, Ronald A. 1958-1962
SHEPHERD, WILLIAM G. 1963-
Shoup, Donald C. 1970-1974
Shulman, Mary Alice 1962-1975
Sickle, John V. Van 1924-1928
Simmons, Edward C. 1936-1947
Simmons, George B. 1969-1974
SIMON, CARL P. 1977-
Smalley, Harrison S. 1903-1912
Smith, Warren L. 1949-1954, 1957-1972
Smithies, Arthur 1938-1946
STAFFORD, FRANK P. 1966-
STEINER, PETER O. 1968-
STERN, ROBERT M. 1961-
STOLPER, WOLFGANG F. 1949-
Strumpel, Burkhard 1968-1975
Suits, Daniel B. 1947-1970
Taylor, Fred M. 1892-1929
Taylor, Lester D. 1969-1974
TEIGEN, RONALD L. 1962-
Thompson, Warren S. 1913-1918
Tilly, Richard 1963-1966
Timoshenko, Vladimir 1930-1935
Tucker, Rufus S. 1915-1919
VARIAN, HAL R. 1977-
Walker, Ross G. 1919-1922
Watkins, Leonard L. 1922-1924, 1926-1957
WEBB, STEVEN B. 1978-
WEISSKOPF, THOMAS L. 1972-
Whitlow, Claude J. 1925-1929
Winger, William P. 1957-1960
Winter, Sidney G. 1968-1976
Wixon, Rufus 1944-1947
Wood, Arthur E. 1917-1929
Woodworth, G. Walter 1925-1930
WRIGHT, GAVIN 1972-
Wyngaarden, Herman 1921-1924
Yoshihara, Kunio 1966-1969

 

Source: University of Michigan, Department of Economics. Centennial Celebration and Symposium (Ann Arbor, Michigan: April 11-12, 1980), pp. 9-11. Found in Duke University. David M. Rubenstein Rare Book and Manuscript Library. Economists’ Papers Archive. Papers of Wolfgang Stolper, Box 9.

Image Source:  Door to the Economics Building. Clipped from larger photograph of the building in April 1952, University of Michigan, Bentley Historical Library. Incidentally the building was destroyed by an arson fire on Christmas Eve, 1981.

Categories
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.

 

Categories
Berkeley Chicago Columbia Cornell Economics Programs Economists Harvard Illinois Johns Hopkins Michigan Minnesota Northwestern Ohio State Pennsylvania Princeton Stanford Toronto Wisconsin Yale

Economics Graduate Programs Ranked in 1925

 

Filed away in the archived records of the University of Chicago’s Office of the President is a copy of a report from January 1925 from Miami University (Ohio) that was based on a survey of college and university professors to obtain a rank ordering of graduate programs in different fields. The following ordering for economics graduate programs 1924-25 is based on two dozen responses. I have added institutional affiliations from the AEA membership list of the time and a few internet searches. The study was designed to have a rough balance between college and university professors and a broad geographic representation. What the study lacks in sophistication will amuse you in its presumption.

_____________________

This rating was prepared in the following way: The members of the Miami University faculty representing twenty fields of instruction were called together and a list of the universities which conceivably might be doing high grade work leading to a doctor’s degree in one or more subjects was prepared on their advice. Each professor was then requested to submit a list of from forty to sixty men who were teaching his subject in colleges and universities in this country, at least half of the names on the list to be those of professors in colleges rather than in universities. It was further agreed that the list should be fairly well distributed geographically over the United States. [p. 3]

 

ECONOMICS

Ratings submitted by: John H. Ashworth [Maine] , Lloyd V. Ballard [Beloit], Gilbert H. Barnes [Chicago], Clarence E. Bonnett [Tulane], John E. Brindley [Iowa State], E. J. Brown [Arizona], J. W. Crook [Amherst], Ira B. Cross [California], Edmund E. Day [Michigan], Herbert Feis [ILO], Frank A. Fetter [Princeton], Eugene Gredier, Lewis H. Haney [N.Y.U.], Wilbur O. Hedrick [Michigan State], Floyd N. House [Chicago], Walter E. Lagerquist [Northwestern], W. E. Leonard, L. C. Marshall [Chicago], W. C. Mitchell [Columbia], C. T. Murchison [North Carolina], Tipton A. Snavely [Virginia], E. T. Towne [North Dakota], J. H. Underwood [Montana], M. S. Wildman [Stanford].

 

Combined Ratings:  (24)

1 2 3 4-5
Harvard 20 4 0 0
Columbia 11 9 2 1
Chicago 9 7 3 2
Wisconsin 8 7 4 2
Yale 3 3 9 3
Johns Hopkins 2 4 8 3
Michigan 0 6 4 5
Pennsylvania 0 3 6 8
Illinois 0 5 4 4
Cornell 0 2 7 5
Princeton 2 1 4 4
California 0 3 4 5
Minnesota 0 2 4 6
Northwestern 0 2 3 6
Stanford 0 1 4 6
Ohio State 0 1 2 8
Toronto 0 2 2 3

Staffs:

HARVARD: F.W. Taussig, E.F. Gay, T.N. Carver, W.Z. Ripley, C.J. Bullock, A.A. Young, W.M. Persons, A.P. Usher, A.S. Dewing, W.J. Cunningham, T.H. Sanders, W.M. Cole, A.E. Monroe, H.H. Burbank, A.H. Cole, J. H. Williams, W.L. Crum, R.S. Meriam.

COLUMBIA: R.E. Chaddock, F.H. Giddings, S.M. Lindsay, W.C. Mitchell, H.L. Moore, W. Fogburn, H.R. Seager, E.R.A. Seligman, V.G. Sinkhovitch, E.E. Agger, Emilie J. Hutchinson, A.A. Tenney, R.G. Tugwell, W.E. Weld.

CHICAGO: L.C. Marshall, C.W. Wright, J.A. Field, H.A. Millis, J.M. Clark, Jacob Viner, L. W. Mints, W.H. Spencer, N.W. Barnes, C.C. Colby, P.H. Douglas, J.O. McKinsey, E.A. Duddy, A.C. Hodge, L.C. Sorrell.

WISCONSIN: Commons, Elwell, Ely Garner, Gilman, Hibbard, Kiekhofer, Macklin, Scott, Kolb, McMurry, McNall, Gleaser, Jamison, Jerome, Miller, S. Perlman.

YALE: Olive Day, F.R. Fairchild, R.B. Westerfield, T.S. Adams, A.L. Bishop, W.M. Daniels, Irving Fisher, E.S. Furniss, A.H. Armbruster, N.S. Buck.

JOHNS HOPKINS: W.W. Willoughby, Goodnow, W.F. Willoughby, Thach, Latane.

MICHIGAN: Rodkey, Van Sickle, Peterson, Goodrich, Sharfman, Griffin, May, Taylor, Dickinson, Paton, Caverly, Wolaver.

PENNSYLVANIA: E.R. Johnson, E.S. Mead, S.S. Heubner, T. Conway, H.W. Hess, E.M. Patterson, G.G. Huebner, H.T. Collings, R. Riegel, C.K. Knight, W.P. Raine, F. Parker, R.T. Bye, W.C. Schluter, J.H. Willits, A.H. Williams, R.S. Morris, C.P. White, F.E. Williams, H.J. Loman, C.A. Kulp, S.H. Patterson, E.L. McKenna, W.W. Hewett, F.G. Tryon, H.S. Person, L.W. Hall.

ILLINOIS: Bogart, Robinson, Thompson, Weston, Litman, Watkins, Hunter, Wright, Norton.

CORNELL: W.F. Willcox, H.J. Davenport, D. English, H.L. Reed, S.H. Slichter, M.A. Copeland, S. Kendrick.

PRINCETON: F.A. Fetter, E.W. Kemmerer, G.B. McClellan, D.A. McCabe, F.H. Dixon, S.E. Howard, F.D. Graham.

CALIFORNIA: I.B. Cross, S. Daggett, H.R. Hatfield, J.B. Peixotte, C.C. Plehm, L.W. Stebbins, S. Blum, A.H. Mowbray, N.J. Silberling, C.C. Staehling, P.F. Cadman, F. Fluegel, B.N. Grimes, P.S. Taylor, Helen Jeter, E.T. Grether.

MINNESOTA: G.W. Dorwie, J.D. Black, R.G. Blakey, F.B. Garver, N.S.B. Gras, J.S. Young, A.H. Hansen, B.D. Mudgett, J.E. Cummings, E.A. Heilman, H.B Price, J.J. Reighard, J.W. Stehman, H. Working, C.L. Rotzell, W.R. Myers.

NORTHWESTERN: Deibler, Heilman, Secrist, Bailey, Pooley, Eliot, Ray Curtis, Bell, Hohman, Fagg.

STANFORD: M.S. Wildman, W.S. Beach, E. Jones, H.L. Lutz, A.C. Whitaker, J.G. Davis, A.E. Taylor, J.B. Canning.

OHIO STATE: M.B. Hammond, H.G. Hayes, A.B. Wolf, H.F. Waldradt, C.O. Ruggles, W.C. Weidler, J.A. Fisher, H.E. Hoagland, H.H. Maynard, C.A. Dice, M.E. Pike, J.A. Fitzgerald, F.E. Held, M.N. Nelson, R.C. Davis, C.W. Reeder, T.N. Beckman.

Compiled with the assistance of J.B. Dennison, associate professor of economics.

 

Source:  Raymond Mollyneaux Hughes, A Study of the Graduate Schools of America. Oxford, OH: Miami University (January 1925), pp. 14-15.  Copy from University of Chicago. Office of the President. Harper, Judson and Burton Administrations. Records, Box 47, Folder #5 “Study of the Graduate Schools of America”, Special Collections Research Center, University of Chicago.

 

Image Source: Four prize winners in annual beauty show, Washington Bathing Beach, Washington, D.C. from the U. S. Library of Congress. Prints & Photographs. http://hdl.loc.gov/loc.pnp/cph.3b43364

 

Categories
Economists Michigan Suggested Reading Syllabus

Michigan. National Income Syllabus. Gardner Ackley, 1958

 

The following syllabus for Gardner Ackley’s 1958 course on Keynesian macroeconomics was found in the Martin Bronfenbrenner Papers at the Economists’ Papers Archive at Duke University. I have added three short biographical items for this midwestern economist who served as chairman of President Johnson’s Council of Economic Advisers from 1964-68. 

__________________

GARDNER ACKLEY
Minute of the College of Literature, Science, and the Arts

On February 12, 1998, University Professor Emeritus Gardner Ackley passed away at the age of 82, and the economics profession lost one of its true stars.

Gardner Ackley.

  • Served as a distinguished member of the Michigan faculty from 1940 until his retirement in 1984,
  • Chaired the department with great distinction from 1954 to 1961,
  • Published the textbook, Macroeconomics Theory (1961), which defined that field for a generation of economics students around the world,
  • Served President Lyndon Johnson as Chairman of his Council of Economic Advisers from 1964 to 1968,
  • Served the nation as American Ambassador to Italy during 1968-69, and,
  • Was rewarded by his profession with election to the Presidency of the American Economic Association in 1982.

These accomplishments and honors distinguish the career of Gardner Ackley as among the most stellar of his generation, and they define a standard worthy to inspire the succeeding generations of professional economists.

No celebration of Gardner Ackley, however, should conclude without mentioning at least the following two of the many significant challenges he shouldered during his distinguished career. His years as Chair of the Michigan Department of Economics included the period of challenge to academic freedom and McCarthyism. Gardner stood solidly in support of students and colleagues in those years in ways that marked him as a man of extraordinary courage and integrity. Later, as Chair of the Council of Economic Advisers, he stood up once again for what he believed, this time challenging the President of the United States to adopt a proper, if unpopular, anti-inflationary policy as the war in Vietnam stretched the economic capacities of an already fully-employed nation.

Those of us who knew Gardner, whether as a colleague, mentor, or teacher, feel privileged to have known him and appreciate the dimension of his loss.

Source:  University of Michigan, Faculty History Project. LSA Minutes, Gardner Ackley.

__________________

From the University of Michigan Alumni Magazine
February 13, 1954

GARDNER ACKLEY, AM. ’37, Ph.D. ’40, who was named Chairman of the Department of Economics effective February 1, has divided his time almost equally since 1940 between the University and the Federal government. He joined the faculty in 1940 as an Instructor, and became a full Professor in 1952. Professor Ackley’s government service has been with the National Resources Planning Board, the wartime OPA, the Office of Strategic Services, the Economic Stabilization Agency, and, during 1951 and 1952, as Economic Advisor and Assistant Director of the Office of Price Stabilization. Professor Ackley earned his A.B. at Western Michigan College; he is a member of the American Economic Association and the Econometric Society. He has served on numerous University committees, including the Board in Control of Intercollegiate Athletics.

Source: Classroom Profile. The Michigan Alumnus (February 13, 1954) p. 214.

__________________

Biography from Guide to Gardner Ackley Papers

(Hugh) Gardner Ackley was born in Indianapolis, Indiana on June 30, 1915. In 1936, Ackley received his baccalaureate degree from Western State Teachers College (now Western Michigan University) in Kalamazoo, Michigan. In 1937, a master’s degree was conferred upon Ackley by the University of Michigan and in 1940 he received a doctoral degree from the same institution.

In 1939 and 1940, Ackley was an instructor at Ohio State University, returning to teach at the University of Michigan in late 1940. Throughout the Second World War he served as a member of the government in Washington. From 1941 to 1942, and again from 1944 to 1946 he worked at the Office of Price Administration. In 1943 and 1944 he was assigned to the Office of Strategic Services. Concluding his wartime service, Mr. Ackley returned to the University of Michigan where he resumed his academic career in the Department of Economics.

Ackley returned to government service in 1951, serving for two years as the assistant director of the Office of Price Stabilization. After completing this assignment he once again returned to Ann Arbor to carry on scholarly pursuits.

Gardner Ackley left Ann Arbor for Washington for the third time in August 1962 when President John Kennedy named him as a member of the Council of Economic Advisors. He served as a member of the council until November 14, 1964, when President Lyndon Johnson named him the new chairman of the CEA. Early in 1968, Mr. Ackley left the council to become ambassador to Italy, a post he held until 1969. After returning from Italy, Ackley again resumed his academic career at the University of Michigan.

From 1969 until 1984 Ackley was the Henry Carter Adams University Professor of Political Economy at the University of Michigan. During this same period, he served on many national commissions and councils devoted to economic issues. He was a member of the Trilateral Commission from 1977 to 1983 and during 1978-1979 he was a member of the Advisory Council on Social Security. He also served as president of the American Economics Association during 1982.

Among his many honors, Ackley received the Distinguished Faculty Achievement Award at the University of Michigan in 1976 and he was also elected a fellow of the American Academy of Arts and Science. Ackley has been professor emeritus since 1984.

Gardner Ackley died February 12, 1998.

Source:  University of Michigan. Bentley Historical Library. Guide to Papers of Gardner Ackley.

__________________

Syllabus 1958

[Handwritten note by Bronfenbrenner: G. Ackley (Michigan)]

Economics 151
NATIONAL INCOME I
Reading List

Second Semester, 1957-58

In the following list selected readings on topics to be covered in the course are arranged under two headings: “Assignments,” which all students should study, and “References,” which usually (but not always) present a more advanced or more specialized treatment, or a conflicting point of view. No effort is made to supply references on topics only lightly touched on in the course. Publisher and date of publication are given only upon first listing. Additional assignments may be made in class.

All students should purchase J. M. Keynes, General Theory of Employment, Interest, and Money, Harcourt-Brace, 1936. (This will be referred to as “Keynes.”) In addition, each student should purchase, at the Cashier’s Office in the Administration Building, a “lab ticket” for this course (price $3.75). This will entitle him to receive a copy of the preliminary edition of G. Ackley, An Introduction to Macroeconomic Theory, which will be distributed in class. (This will be referred to as “Ackley.”)

Modern textbooks which treat the general field covered by this course include the following:

  1. R. and N. Ruggles, National Income and Income Analysis (McGraw-Hill, 2nded., 1956).
  2. T. Schelling, National Income Behavior: An Introduction to Algebraic Analysis (McGraw-Hill, 1951)
  3. A. P. Lerner, Economics of Employment (McGraw-Hill, 1951)
  4. S. Weintraub, Income and Employment Analysis (Pitman, 1951)
  5. R. V. Clemence, Income Analysis (Addison-Wesley, 1951)
  6. J. P. McKenna, Aggregate Economic Analysis (Dryden, 1955)
  7. T. Morgan, Income and Employment (Prentice-Hall, 2nded., 1952)

In this reading list no references are given to these textbooks. The student who wishes to use any of them can, however, easily find the appropriate sections from the table of contents.

Two other books which many students find helpful in understanding Keynes’ General Theory are A. H. Hansen, Guide to Keynes (McGraw-Hill, 1953); and D. Dillard, The Economics of J. M. Keynes (Prentice-Hall, 1948).

There will be one or more written problems which all students will be expected to hand in. Graduate students will be expected to write a paper.

  1. INTRODUCTION (Feb. 6,8)

Assignments:

  1. Ackley, Ch. I.

References:

  1. K. Kurihara, Introduction to Keynesian Dynamics (Columbia University Press, 1956), ch. 1

*  *  *  *  *  *

  1. MEANING AND MEASUREMENT OF NATIONAL INCOME AND PRODUCT  (Feb. 11 – 18)

Assignments:

  1. Ackley, Chs. II and III.
  2. National Income Supplement to the Survey of Current Business, 1954 edition
    (U.S. Dept. of Commerce, 1954), Parts I and II. Every student is urged to purchase this useful volume.)

References:

  1. National Income Supplement, Part III.
  2. A System of National Accounts and Supporting Tables, Studies in Methods, No. 2 (Series F). (United Nations, 1953)
  3. A Simplified System of National Accounts (Organization for European Economic Cooperation, 1952)
  4. H. C. Edey and A.T. Peacock, National Income and Social Accounting, (Hutchinson’s University Library, 1954)
  5. R. and N. Ruggles, National Income Accounts and Income Analysis. (McGraw-Hill, 1956) pp. 3-210.
  6. C. S. Shoup, Principles of National Income Analysis. (Houghton, Mifflin, 1947
  7. S. Kuznets, National Income: A Summary of Findings. (National Bureau of Economic Research, 1946) Especially pp. 111-139.
  8. C. S. Shoup, “Development and Use of National Income Data,” in Survey of Contemporary Economics. (H.S. Ellis, ed., Blakiston, 1949), pp. 288-313.
  9. S. Kuznets, “National Income and Economic Welfare,” in Economic Change. (Norton, 1953), pp. 145-215.
  10. J. R. Hicks, “Valuation of Social Income,” Economica, Vol. VII (new series), May 1940
  11. K. E. Boulding, “Income or Welfare,” Review of Economic Studies, Vol. XVII, 1949-50.
  12. J. P. Powelson, Economic Accounting. (McGraw-Hill, 1955), Chs. 14-20.
  13. Keynes, Ch. 6.
  14. The National Economic Accounts of the United States: Hearings before the Subcommittee on Economic Statistics of the Joint Economic Committee (U.S. Govt. Printing Office, 1957), esp. pp. 101-299.

*  *  *  *  *  *

  1. OUTPUT AND EMPLOYMENT (Feb. 20 – 25)

Assignments:

  1. National Income Supplement, Part IV.
  2. G. Bancroft, “Current Unemployment Statistics of the Census Bureau and Some Alternatives,” in The Measurement and Behavior of Unemployment (Princeton University Press, 1957), pp. 63-119.

References:

  1. Keynes, Ch. 4
  2. M. Gilbert and I.B. Kravis, An International Comparison of National Products and the Purchasing Power of Currencies (Organization for European Economic Cooperation, 1954). Also see references under II, especially items 7 and 9.
  3. Other papers in Measurement and Behavior of Unemployment.

*  *  *  *  *  *

  1. THE “CLASSICAL” ECONOMICS (Feb. 27 – March 8)

Assignments:

  1. Ackley, Chs. V, VI.
  2. Keynes, Ch. 2
  3. A. H. Hansen, Monetary Theory and Fiscal Policy (McGraw-Hill, 1949) Ch. 3
  4. Ackley, Chs. VII, VIII.

References:

  1. F.M. Taylor, Principles of Economics(Ronald, 9thed., 1921), pp. 196-205.
  2. K. Wicksell, Lectures on Political Economy(English translation by L. Robbins, Routledge and Kegan Paul, 1935), Vol. II, especially pp. 159-208.

*  *  *  *  *  *

  1. OBSTACLES TO FULL EMPLOYMENT (March 11 – 15)

Assignments:

  1. Ackley, Ch. IX
  2. Keynes, Chs. 13, 15.

References:

  1. A. H. Hansen, Monetary Theory and Fiscal Policy, Ch. 4.
  2. A. P. Lerner, “Interest Theory,” in The New Economics (S.E. Harris, ed., Knopf, 1947), pp. 655-661.
  3. L. R. Klein, The Keynesian Revolution (Macmillan, 1949), pp. 69 (top), – 73 (Middle), 117-123.
  4. Readings in the Theory of Income Distribution. (Selected by a Committee of the American Economic Association, Blakiston, 1946), articles by Keynes, Robertson, Hicks, Somers, and Lutz.
  5. A. G. Hart, Money, Debt, and Economic Activity. (Prentice-Hall, 1948), Ch. 8.
  6. Keynes, General Theory, Ch. 17.
  7. D. H. Robertson, “Some Notes on the Theory of Interest,” in Money, Trade, and Economic Growth (Macmillan, 1931), pp. 193-209.
  8. S. C. Tsiang, “Liquidity Preference and Loanable Funds Theories, Multiplier and Velocity Analyses: A Synthesis,” American Economic Review, XLVI (Sept. 1956), pp. 539-555.
  9. G. Ackley, “Liquidity Preference and Loanable Funds Theories of Interest: Comment,” ibid., XLVII (Sept. 1957), pp. 662-73.
  10. K. Kurihara, Introduction to Keynesian Dynamics, ch. 4.

*  *  *  *  *  *

  1. HOUR EXAMINATION (March 18)

*  *  *  *  *  *

  1. CONSUMER EXPENDITURES AND THE SIMPLE KEYNESIAN MODEL (March 20 – April 2)

Assignments:

  1. Ackley, Ch. X.
  2. Keynes, Chs. 1, 3, 5, 8, 9.
  3. G. Katona, “The Variability of Consumer Behavior and the Survey Method,” in Contributions of Survey Methods to Economics (L.R. Klein, ed., Columbia Univ. Press, 1945) pp. 49-67, 78-88.

References:

  1. R. Ferber, A Study of Aggregate Consumption Functions. (Technical Paper 8, National Bureau of Economic Research, 1953)
  2. Ruth Mack, “Economics of Consumption,” in A Survey of Contemporary Economics, Vol. II, with comment by J.S. Davis and J. Marschak (ed. B. Haley, Irwin, 1952), Ch. 2.
  3. G. Katona, Psychological Analysis of Economic Behavior. (McGraw-Hill, 1951), pp. 63-192.
  4. G. Katona and E. Mueller, Consumer Attitudes and Demand, 1950-52. (Survey Research Center, 1956).
  5. G. Katona and E. Mueller, Consumer Expectations, 1953-1956. (Survey Research Center, 1956).
  6. Savings in the Modern Economy, ed. W.W. Heller, F.M. Boddy, and C.L. Nelson. (Univ. of Minnesota Press, 1953), Chs. 7, 8, 13.
  7. E. F. Denison, “Saving in the National Economy,”Survey of Current Business, January 1955, pp. 8-24.
  8. I. Friend (with V. Natrella), Individual Saving: Volume and Composition (John Wiley, 1954). Especially pp. 118-154.
  9. R. Klein, ed., Contributions of Survey Methods to Economics.
  10. J. S. Duesenberry, Income, Saving, and the Theory of Consumer Behavior, (Harvard University Press, 1949)
  11. J. S. Duesenberry, “Income-Consumption Relations and their Implications,” in Income, Employment, and Public Policy. (Norton, 1948), pp. 54-81.
  12. J. Tobin, “Relative Income, Absolute Income, and Saving,” in Money, Trade, and Economic Growth. (Macmillan, 1951), pp. 135-156.
  13. J. Tobin, “Asset Holdings and Spending Decisions,” American Economic Review, XLII (May 1952) pp. 109-123.
  14. J. R. Hicks, A Contribution to the Theory of the Trade Cycle (Oxford University Press, 1950), Chs. 2, 3.
  15. R. F. Harrod, Towards a Dynamic Economics, (Macmillan, 1949), pp. 35-62.
  16. A. C. Pigou, Employment and Equilibrium (2ndedition, Macmillan, 1949), pp. 28-46.
  17. M. Friedman, A Theory of the Consumption Function (Princeton University Press, 1957)
  18. K. Kurihara, Introduction to Keynesian Dynamics, ch. 2.
  19. F. Modigliani and R. Brumberg, “Utility Analysis and the Consumption Function: An Interpretation of Cross-Section Data” in K. Kurihara (ed.), Post-Keynesian Economics. (Rutgers University Press, 1954), pp. 388-436.

*  *  *  *  *  *

  1. APPLICATIONS AND EXTENSIONS OF THE SIMPLE KEYNESIAN MODEL (Apr. 3, 5, 15, 17)

Assignments:

  1. Ackley, Ch. XII.
  2. Keynes, Chs. 7, 10.
  3. P. A. Samuelson, “Simple Mathematics of Income Determination,” in Income, Employment, and Public Policy, pp. 133-155.

References:

  1. G. Haberler, “Mr. Keynes’ Theory of the Multiplier,” in Readings in Business Cycle Theory, selected by a committee of the American Economic Association (Blakiston, 1944), pp. 193-202.
  2. F. Machlup, “Period Analysis and Multiplier Theory,” in Readings in Business Cycle Theory, pp. 203-234.
  3. R. M. Goodwin, “The Multiplier,” in The New Economics. (S.E. Harris, ed., Knopf, 1947), pp. 482-499.
  4. G. Ackley, “The Multiplier Time Period,” American Economic Review, June 1951.
  5. R. Turvey, “Some Notes on Multiplier Theory,” American Econ. Review, June 1953
  6. L. A. Metzler, “Three Lags in the Circuit Flow of Income,” in Income, Employment and Public Policy, pp. 11-32.
  7. A. P. Lerner, “Saving Equals Investment,” in The New Economics, pp. 619-626.
  8. L. R. Klein, The Keynesian Revolution, pp. 75 (bottom) – 80 (top), 110-117.
  9. F. A. Lutz, “The Outcome of the Saving-Investment Discussion,” in Readings in Business Cycle Theory, pp. 158-168.
  10. A. P. Lerner, “Saving and Investment,” in Readings in Business Cycle Theory, pp. 158-168. [sic]
  11. A. H. Hansen, Monetary Theory and Fiscal Policy (McGraw-Hill, 1949), pp. 219-225.
  12. A. H. Hansen, Business Cycles and National Income (Norton, 1951), pp. 156-163, 606-616.
  13. K. Kurihara, Introduction to Keynesian System, chs. 5, 6, 7.

*  *  *  *  *  *

  1. THE COMPLETE KEYNESIAN SYSTEM (April 19 – May 1)

Assignments:

  1. Ackley, Chs. XIII, XIV
  2. Keynes, Chs. 14 (Appendix optional), 18, 19 (Appendix optional), 20 (Sec. I optional) 21 (Sec IV optional), 24.
  3. A. P. Lerner, The Economics of Control. (Macmillan, 1944), Chs. 22, 23.

References:

  1. A. H. Hansen, Monetary Theory and Fiscal Policy, Ch. 5, 7, 8, 9.
  2. J. R. Hicks, “Mr. Keynes and the ‘Classics’,” in Readings in the Theory of Income Distribution, pp. 461-476.
  3. O. Lange, “The Rate of Interest and the Optimum Propensity to Consume,” in Readings in Business Cycle Theory, pp. 169-178 (only).
  4. D. Patinkin, “Price Flexibility and Full Employment,” in Readings in Monetary Theory. (eds. F.A. Lutz and L.W. Mintz, Blakiston, 1951), pp. 252-58.
  5. F. Modigliani, “Liquidity Preference and the Theory of Interest and Money,” Readings in Monetary Theory, pp. 186-239.
  6. A. P. Lerner, “Relation of Wage Policies and Price Policies,” in Readings in the Theory of Income Distribution, pp. 314-329.
  7. L. G. Reynolds, “Relations between Wage Rates, Costs, and Prices,” in Readings in the Theory of Income Distribution, pp. 294-313.
  8. J. Tobin, “Money Wage Rates and Employment,” in The New Economics, pp. 572-587.
  9. J. Lintner, “The Theory of Money and Prices,” in The New Economics, pp. 503-537.
  10. L. R. Klein, The Keynesian Revolution, pp. 72-75, 80-90, 106-110, 199-206.
  11. L. R. Klein, “Theories of Effective Demand and Employment,” Journal of Political Economy, April, 1947.
  12. E. S. Mason, “Prices, Costs, and Profits,” in Money, Trade, and Economic Growth, pp. 177-190.
  13. J. R. Schlesinger, “After Twenty Years: The General Theory,” Quarterly Journal of Economics (November 1956), pp. 581-602.
  14. “Keynesian Economics after Twenty Years,” (Papers and comments by W. Fellner, D. Dillard, D. Wright, W.A. Salent, and T. Scitovsky), American Economic Review, XLVII (May 1957), pp. 67-95.
  15. A.C. Pigou, Keynes’ General Theory(Macmillan, 1950).
  16.  K. Kurihara, Introduction to Keynesian Dynamics, ch. 10.

*  *  *  *  *  *

  1. HOUR EXAMINATION (May 3)

*  *  *  *  *  *

  1. INFLATION (May 6, 8)

Assignments:

  1. A. H. Hansen, Monetary Theory and Fiscal Policy, ch. 11
  2. A. P. Lerner, Economics of Employment, chs. 13, 14 (15 and 16 optional).

References:

  1. K. Kurihara, Introduction to Keynesian Dynamics, ch. 8.
  2. A. Smithies, “The Behavior of Money National Income under Inflationary Conditions,” Quarterly Journal of Economics, LVII (1942)
  3. T. Koopmans, “The Dynamics of Inflation,” Review of Economic Statistics, XXIV (1942)
  4. J. Duesenberry, “The Mechanics of Inflation,” and F. Holzman, “Income Determination in Open Inflation,” Review of Economics and Statistics, XXXII (1950).
  5. B. Hansen, A Study in the Theory of Inflation (Allen and Unwin, 1951), especially ch. VII.

*  *  *  *  *  *

  1. THE THEORY OF INVESTMENT (May 10 – 17)

Assignments:

  1. Ackley, Ch. XV.
  2. Keynes, Chs. 11, 12, 16, 22.
  3. J. R. Meyer and E. Kuh, The Investment Decision (Harvard Univ. Press, 1957), Ch. 1.

References:

  1. A. P. Lerner, Economics of Control, Ch. 25
  2. L. R. Klein, Keynesian Revolution, pp. 62-69.
  3. A. Smithies, “Economic Fluctuations and Growth,”Econometrica, 25 (January 1957), pp. 1-52.
  4. K. Kurihara, Introduction to Keynesian Dynamics, ch. 3.

*  *  *  *  *  *

  1. ECONOMIC POLICY AND THE PRESENT SITUATION (May 20 – 27)

Assignments:

  1. Lerner, Economics of Control, Ch. 24.
  2. M. Friedman, “A Monetary and Fiscal Framework for Economic Stability,” in Readings in Monetary Theory, pp. 369-393.
  3. To be announced.

*  *  *  *  *  *

    1. MISCELLANEOUS FURTHER REFERENCES:

  1. J. Robinson, Essays in the Theory of Employment (Macmillan, 1937).
  2. R. F. Harrod, The Life of John Maynard Keynes. (Harcourt-Brace, 1951).
  3. J. A. Schumpeter, “John Maynard Keynes, 1883-1946,” American Economic Review, Sept. 1946 (reprinted in The New Economics, pp. 73-101).
  4. The New Economics, Chs. 1-8, 11-19, 31-35, 39, 41, 42.
  5. A. F. Burns, Economic Research and the Keynesian Thinking of our Times (26thAnnual Report of the National Bureau of Economic Research, Inc., June 1946).

 

Source:  Duke University. David M. Rubenstein Rare Book & Manuscript Library. Economists’ Papers Archive. Martin Bronfenbrenner Papers, Box 25, Folder “Macro-Econ, n.d.”.

Image Source:  University of Michigan, Faculty History Project, Gardner Ackley page.

 

Categories
Berkeley Carnegie Institute of Technology Chicago Columbia Cornell Duke Economist Market Harvard Illinois Indiana Iowa Johns Hopkins M.I.T. Michigan Minnesota Northwestern Princeton Salaries Stanford UCLA Virginia Wisconsin Yale

Economics Faculty Salaries for 15 U.S. universities. Hart Memo, April 1961

 

Here we have a memo written by member of the Columbia University economics department executive committee, Albert G. Hart, that presents the results of what appears to be his informal polling of the chairpersons of 21 departments. Fifteen of the departments provided the salary ranges at four different ranks. No further details are provided, this one page memo was simply filed away in a folder marked “memoranda”. Maybe there is more to be found in Hart’s papers at Columbia University. Up to now I have only sampled Hart’s papers for teaching materials and perhaps next time, I’ll need to look into his papers dealing with departmental administrative affairs.

For a glance at salaries about a half-century earlier:  Professors and instructors’ salaries ca. 1907

________________

AGH [Albert Gailord Hart] 4/21/61

CONFIDENTIAL information on economic salaries, 1960-61, from chairmen of departments

Institution

Professors Associate professors Assistant professors

Instructors

Harvard

$12,000-22,000

$9,000-12,000 $7,500-8,700

$6,500

Princeton

$12,000-…?…

$9,000-11,500 $7,000-8,750

$6,000-6,750

California

$11,700-21,000

$8,940-10,344 $7,008-8,112

$5,916-6,360

MIT

$11,000-20,000

$8,000-11,000 $6,500-9,000

$5,500-5,750

Minnesota

$11,000-18,000

$8,500-11,000 $6,800-8,400

?

COLUMBIA

$11,000-20,000

$8,500-10,000 $6,500-7,500

$5,500-5,750

Northwestern

$11,000-…?…

$8,000-11,000 $6,800-7,500

?

Duke

$11,400-16,000

$8,200-10,000 $7,200-8,200

$5,800-6,500

Illinois

$11,000-15,000

$7,500-10,000 $6,900-8,600

$6,500-7,100

Cornell

$10,000-15,000

$8,000-10,000 $6,500-7,500

$5,500-6,500

Indiana

$10,000-14,800

$8,300-10,000 $6,500-7,500

?

Michigan

$10,000-…?…

$8,700-..9,500 $6,600-8,000

$5,000

Virginia

$..9,800-15,000

$7,800-..9,800 $6,600-7,800

?

Wisconsin

$..9,240-16,150

$8,000-..9,000 $6,550-8,460

$5,250-5,450

Iowa State (Ames)

$..8,500-13,000

$7,500-..8,500 $6,700-8,000

$4,700-6,600

[…]

Note: The following institutions for which data were not included in the source materials are believed to pay their economists at scales at or above the Columbia level:

Carnegie Tech
Chicago
Johns Hopkins
Stanford
Yale
UCLA

[…]

 

Source:  Columbia University Archives. Columbia University, Department of Economics Collection. Carl Shoup Materials: Box 11, Folder: “Economics—Memoranda”.

Categories
Gender Harvard Michigan

Harvard. Ph.D. Alumna (1951). Michigan Professor Eva Mueller. 1920-2006

 

One probably would have forecast that Eva L. Mueller who was awarded her economics Ph.D. (Radcliffe College) in 1951 with the dissertation “Business Savings and the Business Cycle” would have gone on to become a macroeconomist. Arthur Smithies was the chairman of the Harvard economics department at the time she received her Ph.D. and when asked for his help in finding a job, Eva Mueller remembered him saying “…he couldn’t help me, since economics wasn’t a woman’s field”. She did find a job at the University of Michigan’s Institute for Social Research where she transformed herself into a population and development expert.

I have copy-and-pasted a variety of biographical memoirs and obituaries for this post. One cannot help but be touched by the deep affection and respect of her Michigan colleagues that one can read in and between the lines. Macro’s loss was development economics’ gain.

_____________________

Professor Eva Mueller, 1920-2006

Professor Eva Mueller died on November 19, 2006 at the age of 86.

Dr. Mueller, a U-M Professor Emerita of Economics and Research Scientist at PSC at the time of her death, had a long and fruitful career at Michigan. But she faced many challenges on her path to success.

Fifty-five years ago, when Mueller received a PhD in economics from Harvard University, she asked the chairman of the department for help finding a job. “He said he couldn’t help me, since economics wasn’t a woman’s field,” she recalled. Undeterred, Mueller found a research job at the Institute for Social Research (ISR), where she helped to pioneer the use of surveys to analyze consumer behavior. After six years, she received a tenure-track appointment as an assistant professor in the Department of Economics and in 1964 was named a full professor.

“The struggle isn’t over yet,” she said, accepting the Carolyn Shaw Bell Award Jan. 6, 2001 from the American Economic Association’s Committee on the Status of Women in the Economics Profession.

Mueller was nominated for the award, given annually to an individual who has furthered the status of women in economics, by several former students, along with David Lam, professor of economics and director of ISR’s Population Studies Center, and Sherrie Kossoudji, associate professor of social work and adjunct associate professor of economics.

“Eva was really unusual as a woman breaking into the male-dominated field of economics,” noted Lam. “She was a real role model for many of us,” said Kossoudji. “She was also consistent in her support for young female students. And she made us tough. ‘You must do better,’ she told us. ‘You must work harder.’ That was always her approach.”

Born February 26, 1920, Mueller said she was influenced by the Great Depression in making her career choice. “It impressed me that what the world needed was to rescue its economies,” she said. Also, her mother, who had a PhD in chemistry, emphasized education for her children. “She had her mind set that all her children must get PhDs.”

During WWII, she said, when the Harvard Economics Department “was more or less closed down… because all of the faculty was in Washington working on the war effort,” she took a job at the Federal Reserve Bank in New York.

After the war, Mueller studied under Alvin Hansen, “at the time the number one Keynesian in the U.S.” Upon completing her PhD, she needed a job.

“I wrote some letters to people whose stuff I had read and thought they would be interesting to work for. One was George Katona. He happened to know George Garvey, for whom I had worked at the Federal Reserve, so he wrote to him and asked if I would be a plausible candidate. That’s how I came to Michigan to the Institute for Social Research.

I wanted to go to the economics department, but they would not accept me. Then I was sort of on the waiting list. John Lansing and, I think, even Jim Morgan, were on the waiting list ahead of me. They eventually got to me.”

In 1951 Mueller joined the staff of the Survey Research Center; in 1957 she joined the Department of Economics, where she became a full professor in 1964. Six years later, she became a research scientist at the Population Studies Center. Mueller had been a Professor Emerita since 1988.

During her long and active career at Michigan, Eva Mueller made important contributions in several areas of economic research. For the first two decades, her research emphasized analysis of consumer behavior in the U.S. She later moved on to work related to economic development and economic demography. Her published papers cover a wide range of topics and countries, including the impact of unemployment on consumer confidence in the U.S., the economics of fertility decline in Taiwan, and the time allocation of women and children in Botswana.

In addition to her contributions as a researcher, she played an important role in building the economic demography training program run jointly by the Population Studies Center and the Department of Economics. She served as an advisor to many PhD students in economic demography who have gone on to positions in universities, government, and international agencies.

The Eva Mueller New Directions in Demography and Economics Fund has been established to support research and training in demography and economics, especially projects focusing on low income countries and projects dealing with the socioeconomic position of women and investments in children’s health and human capital.

 

Source: Announcement of the death of Eva L. Mueller by the University of Population Studies Center, Institute for Social Research at the University of Michigan.

_____________________

Select Career Publications

Dr. Mueller studied the interaction of economic and demographic change. One particular focus of her research was the relation between income change and fertility change. Within this context she was interested in the methodology of collecting useful employment statistics, including the methodology of time-use studies.

Journal Articles

Mueller, Eva. 1984. “The Value and Allocation of Time in Rural Botswana.” Journal of Development Economics, 15(1-3): 329-60. Abstract.

Watanabe, B., and Eva Mueller. “A Poverty Profile for Rural Botswana.” World Development, 12, no. 2 (1984): 115-27. Abstract.

Kossoudji, S., and Eva Mueller. “The Economic and Demographic Status of Female-Headed Households in Rural Botswana.” Economic Development and Cultural Change, 31, no. 4 (July 1983): 831-59.

Mueller, Eva. “The Impact of Demographic Factors on Economic Development in Taiwan.” Population and Development Review, 3, no. 1&2 (1977): 1-22. Abstract.

Mueller, Eva, and R. Cohn. “The Relation of Income to Fertility Decisions in Taiwan.” Economic Development and Cultural Change, 25, no. 2 (January 1977): 325-47.

MacDonald, M., and Eva Mueller. “The Measurement of Income in Fertility Surveys in Developing Countries.” Studies in Family Planning, 6, no. 1 (January 1975): 22-28. Abstract.

Mueller, Eva. “Economic Motives for Family Limitation.” Population Studies, 27, no. 3 (November 1972): 383-403. Abstract.

 

Chapters

Mueller, Eva. 1976. “The Economic Value of Children in Peasant Agriculture.” In Population and Development: The Search for Selective Interventions edited by Ronald Gene Ridker. Baltimore : The Johns Hopkins University Press.

 

PSC Reports

Mueller, Eva. “Time Use Studies: Their Potential Contribution to the Policy Dialogue in Developing Countries.” PSC Research Report No. 85-86. 9 1985.

Mueller, Eva, and Kathleen Short. “Income and Wealth as They Affect the Demand for Children in Developing Countries.” PSC Research Report No. 82-35. 9 1981.

Kassoudji, Sherrie, and Eva Mueller. “The Economic and Demographic Status of Female Headed Households in Rural Botswana.” PSC Research Report No. 81-10. 3 1981.

 

Source:  University of Population Studies Center, Institute for Social Research at the University of Michigan.

_____________________

Eva L. Mueller
Memoir
1988

Eva L. Mueller, Professor of Economics and Research Scientist in the Population Studies Center and Center for Research on Economic Development, will retire from active faculty status on December 31, 1988, after a most productive career as a teacher and researcher.

A native of Germany, Professor Mueller became a naturalized citizen in 1944. She received her B.A. degree from Smith College in 1942, her M.A. degree from New York University in 1945, and her Ph.D. degree from Harvard University in 1951.

From 1951-68, Professor Mueller was on the staff of the Survey Research Center at the Institute for Social Research. She joined the Department of Economics in 1957 as an assistant professor; she was promoted to associate professor in 1960 and to professor in 1964. Since 1968, she has also been affiliated with the Center for Research in Economic Development and the Center for South and Southeast Asian Studies, and in 1970, she accepted an additional appointment in the Population Studies Center. From 1974-78, Professor Mueller served as associate dean in the College of Literature, Science, and the Arts.

For several years, Professor Mueller has directed the NIH-sponsored Economic Training Program in Economic Demography, which has attracted many of the brightest students in the Ph.D. program in economics. Several of the department’s most successful female students have been recruited into the program. They were attracted by the setting Professor Mueller created, which was encouraging and supportive, and in which Professor Mueller herself has acted as an extraordinary role model.

Professor Mueller has conducted exciting and important research in the area of fertility and female labor supply in developing countries. Some of her work has been conducted under the auspices of the World Bank and the U.S. Agency for International Development, taking her to India, Thailand, Brazil, and Botswana.

The Regents now salute this distinguished educator and researcher for her dedicated service by naming Eva L. Mueller Professor Emeritus of Economics.

 

Source: Mueller named Emerita Professor at University of Michigan. Faculty History Project.

_____________________

 Obituary
Eva L. Mueller
1920 – 2006

Eva Mueller, Professor Emerita of Economics, died November 19, 2006, in Ann Arbor, at the age of eighty-six.

Professor Mueller received her B.A. in 1942 from Smith College with a major in economics. In 1951 she received her Ph.D. in economics from Harvard University and joined the staff of the University of Michigan’s Survey Research Center. In 1957 she joined the Department of Economics. She became associated with the Center for Research in Economic Development and the Center for South and Southeast Asian Studies in 1968, and joined the Population Studies Center in 1970. Her many roles at the University of Michigan included service as Associate Dean in the College of Literature, Science, and the Arts.

Mueller received a number of distinctions during her career. She was a Fellow of the American Statistical Association. She served on the Board of Directors of the Population Association of America and was elected Vice-President of the Association. In 2001 she received the Carolyn Shaw Bell Award from the American Economics Association. This award is given by the AEA’s Committee on the Status of Women in the Economics Profession “to an individual who has furthered the status of women in the economics profession, through example, achievements, increasing our understanding of how women can advance in the economics profession, or mentoring of others.”

Mueller made important contributions in several areas of economic research. For the first two decades, her research emphasized analysis of consumer behavior in the United States. She later moved into research related to economic development and economic demography. Her published papers cover a wide range of topics and countries, including the impact of unemployment on consumer confidence in the U.S., the economics of fertility decline in Taiwan, and the time allocation of women and children in Botswana. In addition to her contributions as a researcher, she played an important role in building the economic demography training program run jointly by the Population Studies Center and the Department of Economics. She served as an advisor to many Ph.D. students in economic demography who have gone on to positions in universities, government, and international agencies.

—David Lam, Department of Economics

Source: Obituary for Eva L. Mueller, University of Michigan. Faculty History Project.

Image sources:  Early career portrait of Eva L. Mueller from University of Population Studies Center, Institute for Social Research. Later portrait from University of Michigan, Faculty History Project.

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Columbia. Appointment of James Waterhouse Angell, 1924

 

The head of the Columbia University economics department, Edwin R. A. Seligman, invested considerable effort in recruiting James Waterhouse Angell in 1924. The items below come from central administration files. There are also several letters back-and-forth between Seligman and Angell in Seligman’s papers (saved for a later posting). Clearly Angell was a red-hot prospect with “a very charming little woman” spouse.

____________________

Columbia University
in the city of New York
Faculty of Political Science

March 20, 1924.

Dean F. J. E. Woodbridge,
University Hall.

My dear Dean Woodbridge:

Following up the recommendations in my budget letter for the new Professorship in the Department of Economics, I beg to state that after much investigation and consideration the Department of Economics has come to the unanimous conclusion to recommend Dr. James Waterhouse Angell Jr. [sic, “ Jr.” is incorrect], of Harvard University, the son of President Angell of Yale University and the grandson of President Angell of the University of Michigan. Dr. Angell is a younger man, but in our opinion an abler man, than any of the others that we have considered. He is at present instructor in Harvard University, and has been offered a promotion there for next year and he has also been offered a full Professorship at the University of Michigan. On account of his comparative youth, however, we preferred to offer him, in a tentative way, only a Lectureship, at a salary of three thousand dollars, although with the distinct understanding that if he made good, he would be recommended for promotion, first in salary, and then in rank. Dr. Angell will make a distinct sacrifice—and as compared with the Michigan offer a very considerable sacrifice—in accepting our offer; but he would be very glad to accept such an offer from us because of the opportunities for research and advanced work.

Dr. Angell has had an interesting career. He has an A. B. from Harvard in 1918 and has since then received the degree of both A.M. and Ph.D. He was also Kirkland Fellow at Harvard and the incumbent of the Sheldon Traveling Fellowship at Harvard. He was assistant at the University of Chicago, 1918-1920, tutor in the Division of History, Government, and Economics at Harvard, 1921-22, and is at present instructor in Economics. Professors Young and Ripley agree in saying that Dr. Angell is the ablest student in Economics that they have ever had, and Professor Taussig and his other colleagues have an equally high opinion of him. Dr. Angell has written several articles of a very high order of merit in the Journal of Political Economy [“The Illinois Blue Sky Law”] and the Quarterly Journal of Economics [“International Trade under Inconvertible Paper”], and his Doctor’s thesis is entitled “The Theory of International Prices and its History”.

If Dr. Angell comes to us he proposes to devote his energies to the general subjects of International Trade and International Investments, which are precisely the topics mentioned in my budget letter as constituting the most serious gap now existing in the University. It is the judgment of the Department of Economics that there is no one in the country better calculated to do good work in this subject than Dr. Angell and I may add that the recommendation of the Department has already been unanimously approved by the Committee on Instruction of the Faculty of Political Science. Dr. Angell has a very pleasing personality and has recently married, as we are informed, a very charming wife.

I should like to urge favorable action on our recommendation, not only because we shall thus be filling a long-felt gap in the Department, but because, with the impending absence next year of Professor Seager, an additional instructor in the Department of Economics becomes imperatively necessary.

Now that Professor Chaddock is to go over to the Department of Sociology, — a transfer that is being made with the full assent of the Department of Economics, it will become absolutely impossible for Professor Mitchell, Professor Simkhovitch, and myself to attend next year to the administrative work of the Department and the needs of our graduate students. At no time in the past few decades have we felt the pressure of work as we are feeling it now and unless this addition is made to our forces, either our scientific work or the carrying on of our academic duties will be seriously jeopardized.

I venture, therefore, to hope that the recommendation of the Department will be approved. If the approval can take place speedily there will yet be time to insert the announcement of the new courses in the forthcoming bulletin, which will be of considerable advantage in attracting students who are interested in that particular field of international economic relations.

Respectfully,
[signed]
Edwin R. A. Seligman

__________________________

 

Columbia University
in the City of New York
Faculty of Political Science

April 16, 1924

President Nicholas Murray Butler,
Columbia University.

My dear Mr. President:

I have received word from Dean Woodbridge of the approval of the Angell proposition by the committee on education and the committee of finance of the Trustees. I want to thank you personally for your kindness in this entire matter and I want to express the confident expectation that young Angell will make good. His wife is a very charming little woman and took tea with us the other day.

With kind regards,

Faithfully yours,
[signed]
Edwin R. A. Seligman

__________________________

May 14, 1924

Professor E.R.A. Seligman

Department of Economics

Dear Professor Seligman:

I beg to advise you that at the meeting of the trustees held on May 5, the Budget for the Department of Economics for the next academic year was amended by inserting provision for a Lecturer in Economics at $3,000, and that Dr. James Waterhouse Angell, Jr. [sic, “ Jr.” is incorrect] was appointed to this post for the academic year 1924-25.

Very truly yours,

Frank D. Fackenthal

Source: Columbia University Archives. Central Files. Box 338; Folder 16, “Seligman, Edwin Robert Anderson”

Image Source: College Photo of James Waterhouse Angell in Harvard Class of 1918, Twenty-fifth Anniversary Report. Cambridge: 1943.

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Harvard 1909 PhD Alumnus, Edmund Ezra Day. Cornell Memorial Minute, 1951

 

Edmund Ezra Day received his Ph.D. in economics from Harvard in 1909. In 1910 he joined the Harvard economics department with his specialty in the theory, organization, and practice of statistics. Following service with the War Industries Board in Washington during World War I, Day was promoted to professor at Harvard in 1920. He went on ultimately to become the president of Cornell University. His career is outlined in the Faculty Memorial Statement following his death in 1951 that is reproduced below.

______________________

Cornell University Faculty Memorial Statement
Edmund Ezra Day
December 7, 1883 — March 23, 1951

Edmund Ezra Day, destined to be the fifth President of Cornell University, was born in Manchester, New Hampshire, on December 7, 1883. His parents were Ezra Alonzo and Louise Moulton Nelson Day. He attended Dartmouth College, and there made a brilliant scholastic record. He was awarded a Rufus Choate scholarship, and thus acquired the nickname of “Rufus,” which clung to him all his life. He was a member of Phi Beta Kappa and Theta Delta Chi. He received his B. S. from Dartmouth in 1905 and an M. A. in 1906. He then entered the Harvard Graduate School, and gained a Ph. D. in Economics in 1909.

He began his teaching career as Instructor in Economics at Dartmouth, from 1907 to 1910. He entered the Harvard Department of Economics in 1910, and rose rapidly to become Professor of Economics and Chairman of the Department. During the first World War he served as statistician for the U. S. Shipping Board and the War Industries Board.

In 1923 he left Harvard for the University of Michigan. There he was Professor of Economics, organizer and first Dean of the School of Business Administration, and Dean of the University.

His administrative ability and his understanding of economic and social problems attracted the attention of the great Foundations. In 1927-28 he was associated with the Laura Spelman Rockefeller Memorial; in 1929 he left Michigan to become director for the social sciences with the Rockefeller Foundation. He carried on concurrently the duties of director of general education with the General Education Board. His signal success in these responsible positions prompted his appointment to the presidency of Cornell in 1937.

In the following years he added to his onerous presidential duties many important tasks in educational and social realms. It is impossible here to list more than a few examples. He was president of the New York State Citizens Council, the Association of Land-Grant Colleges and Universities, the World Student Service Fund, the American Statistical Association; he was chairman of the American Council on Education, director of the National Bureau of Economic Research, director of the Federal Reserve Bank of New York, Councillor of the National Industrial Conference Board. He held fifteen honorary degrees. He was the author of “Index of Physical Production,” “Statistical Analysis,” “The Growth of Manufactures,” (with W. Thomas), and “The Defense of Freedom”.

In 1912 he married Emily Sophia Emerson, daughter of Dean Charles F. Emerson of Dartmouth College. He leaves two sons and two daughters. One son (Dr. Emerson Day) at present holds a professorship in the Cornell Medical College.

Dr. Day was suddenly stricken by a heart attack on the morning of March 23, 1951.

Dr. Day was President of Cornell University from 1937 until his resignation on July 1, 1949. He was then appointed Chancellor, with the larger interests of the University in his hands. Counselled to disburden himself of such responsibilities for reasons of health, he resigned the Chancellorship on January 31, 1950.

The twelve years of his presidency were a period of rapid growth of the University. The student enrollment and the Faculty lists nearly doubled. New schools and units were established, responsive to new educational and social concerns of the nation: the School of Chemical and Metallurgical Engineering, the School of Industrial and Labor Relations, the School of Business and Public Administration, the School of Nutrition, the School of Aeronautical Engineering, the School of Nursing. The Floyd Newman Laboratory of Nuclear Studies in Ithaca and the Cornell Aeronautical Laboratory in Buffalo were inaugurated.

The physical development of the University kept pace with the new demands. Important buildings were erected, among them Olin Hall, the Newman Laboratory, Savage Hall, Moore Hall, Clara Dickson Hall, and the Administration Building. Arrangements were made for other buildings, now rising on our campus. The Greater Cornell Fund was carried triumphantly to its goal, raising over $12,500,000 for university needs.

To assess the value of Dr. Day’s contributions to the University would require far more space than can be here afforded. This much is clear and certain: that during a period of war, of disorganization and reorganization, of rapid social and economic change, of inflation, insecurity, fear, his strong hand at the helm guided us through the storms to calmer waters. We cannot know how much of his own strength, his own life, he sacrificed to this terrifying task.

The writer of the notice on the death of President Livingston Farrand (in the Necrology of the Faculty, 1940) said: “No doubt every true leader communicates something of himself to his companions. The Cornell of Andrew D. White partook of his indomitable idealism; the Cornell of Jacob Gould Schurman shared his superb, almost resistless energy; the Cornell of Livingston Farrand became somehow more urbane, more kindly, more human.” To these words we may now add that the Cornell of Edmund Ezra Day became more socially conscious, more cognizant of its duties to the state and the world, more aware of its function as an organ of the body politic. The Cornell new schools established during Dr. Day’s regime were mostly schools of social service. Within the older units of the University a corresponding influence was at work. Such Departments as Sociology and Psychology were reconstituted; the need for social justification was felt throughout the University.

Dr. Day liked to ask provocative and sometimes infuriating questions. He liked to affront a Professor of, for instance, English, with the demand: “What are you trying to do? What is the use of the study of literature?” The Professor of English usually found, after his first bewilderment or anger had died, that the necessity of defining his aims was very wholesome. Dr. Day of course knew his own answers before he asked the question.

His mood was often quizzical. He liked to shock, unsettle, disturb; he enjoyed playing dumb. He was convinced that the great menace to successful teaching is complacency, satisfaction with routine. Tirelessly experimental himself, he could easily be exasperated by the conservatism of the Faculties. And if, as was inevitably the case, Faculty members found themselves in disagreement with him, they had only to visit him to be most cordially received and most fairly heard. In such circumstances his visitors were usually astonished to find how minutely Dr. Day was acquainted with the least operations of his great, far-flung, multifarious University, and how he had given serious attention to the smallest of her problems.

He gained this knowledge by giving to Cornell the best part of his thought and his life. He had little time for recreation, all too little for the intellectual diversions he earnestly desired. His obligation to Cornell came always first, and this obligation never ended, never left him free.

He had planned, on his retirement, to take at last his rewards: the pleasure of friendship, the pleasure of reading, the mere simple pleasure of rest. He did not have time for his rewards. He had never had time. He had time only for his duty.

Morris Bishop, S. C. Hollister, L. A. Maynard

 

Source: Cornell University. Cornell University Faculty Memorial Statement, 1951.

Image Source: Edmund Ezra Day from Harvard Class Album 1920.

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Harvard. Memo on Master’s degree requirements in ten other departments, 1935

 

The following memo was found in the papers of the Harvard department of economics outlining the formal requirements for the award of a master’s degree in economics for ten other departments ca. 1935.  Harvard requirements for 1934-35 have been previously posted here at Economics in the Rear-View Mirror.

____________________

REQUIREMENTS FOR A.M. IN ECONOMICS

University of Chicago
—Catalogue Vol. XXV, March 15, 1935—
No. 7, p. 293.

“The specific requirements for the Master’s degree are:

  1. A minimum of 8 courses, or their equivalent (of which at least 6 must be in Grades II and III above*). Either in his undergraduate or graduate work the candidate should cover the substantial equivalent of the requirements for the Bachelor’s degree in economics…(May be shown by examination.)
  2. A thesis involving research of at least semi-independent character.
  3. A final examination (either oral or written at discretion of the department). The examination is on the thesis and its field and on one other field chosen by the candidate.
  4. All candidates…are expected to show ability to think clearly…on abstract economic questions, and familiarity with terms and common concepts of economic science.

No language requirement for A.M. apparently.

No set time limit, but (p. 282) they seem to regard three of work in economics (either as graduate or as undergraduate) as “normal preparation” although “exceptionally capable” students may do it in less time.

* Grade II and III being respectively survey and problem courses (II), and Research, reading and seminar courses (III). Grade I includes intermediate courses.

 

Stanford University

  1. One academic year of graduate work (A “normal time” but also minimum).
  2. Thesis
  3. Examinations (general or final and at discretion of department).

 

Cornell University

  1. At least one full year of residence at Cornell.
  2. “No student may be admitted to candidacy for any of the degrees of A.M., M.S.,…, or Ph.D. whose training has not included work in a foreign language equivalent to three units of entrance in one language or two in each of two languages.
  3. A thesis or (at departmental discretion) an essay.
  4. Written or oral (at departmental discretion) final examination.

He must show a knowledge of:

Three special fields, such as: in Economic Theory and History:

(1) Good general knowledge of history of economic thought, including classical school and contemporary.
(2) Familiarity with economic analysis and controversial area of economic thought.
(3) A background knowledge of social and intellectual history.

or in Monetary Theory:

One requirement:
(1) A detailed understanding of the theory and history of money; monetary system of the United States, theory and history of banking; banking system of United States, foreign exchange, monetary aspects of cyclical fluctuations.

No specific course requirements as far as I can see.

 

University of Minnesota

  1. At least one full academic year’s work (in residence).
  2. Thesis required.
  3. Nine credit hours each quarter of graduate courses for three quarters.
  4. He must have done in three years (undergraduate) work in his major subject if it is open to freshmen, or two years otherwise.
  5. A reading knowledge of a foreign language to be determined by the department is necessary.
  6. An examination.

 

University of Michigan

  1. Residence requirement: One semester and one summer session, or three summer sessions; nine hours work a semester and six hours a summer session are minimum to establish residence at the respective sessions.
  2. A minimum of 24 hours of graduate work is required (i.e. necessary but not alone sufficient).
  3. Thesis may be required at discretion of department (apparently economics does not require it).

 

University of Wisconsin

  1. At least two semesters’ work, at least one of which to be at Wisconsin.
  2. An oral examination.
  3. A thesis may be required of students seeking to specialize in a definite line of study.

 

Princeton University

“After Commencement Day, 1935, the degree of M.A. will be awarded only to a student who has passed the general examination for the Doctor’s degree.” This implies a knowledge of French and German; and implies not less than two years graduate study. The examination may be written, oral, or both. One year of residence is required.

 

Yale University

  1. Two full years of resident graduate study required (but may be in less time in exceptional cases where unusual scholarship is demonstrated).
  2. Reading knowledge of either French or German.
  3. An essay is required of all candidates.
  4. (Apparently) A comprehensive written examination in field of concentration in Department of Economics (it is not specified for which degree so that it seems to apply to both M.A. and Ph.D.).

 

Columbia University

  1. “The candidate shall have registered for and attended courses aggregating not less than thirty tuition points, distributed over a period of not less than one academic year or its equivalent.”
  2. “The candidate shall have satisfied the department of his choice that he has satisfied requirements specified by the department for the degree.” (May include courses, examination, an essay, seminars, or “other work”.)

 

University of California

“There are required 20 semester units and in addition a thesis.”

“At least eight of the 20 units must be strictly graduate work.”

“The student must spend one year of residence.”

Rate of taking units:

“Graduate students in the regular session taking only upper division courses are limited to a program of 16 units” (a semester or a year? probably a semester).

“Graduate students…taking only graduate courses are limited to 12 units.” Mixtures are regulated in proportion thereto.

 

Source: Harvard University Archives. Department of Economics, Correspondence and Papers 1930-1961. (UAV 349.11) Box 13, Folder “Graduate Instruction, Degree Requirements.”