In 1954-55 the executive officer of the department of economics, Arthur R. Burns [not Arthur F. Burns], requested his colleagues provide current reading lists for their courses to Joseph Dorfman to arrange for the library to order as many titles as possible. James Waterhouse Angell (Harvard Ph.D., 1924) obliged for his courses on monetary economics (see below), international monetary policy, and income, employment and international trade.
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Other blog posts for
James Waterhouse Angell
James W. Angell’s 1921 Ph.D. application at Harvard.
James W. Angell’s Columbia University appointment, 1924.
Reading list for James W. Angell’s 1933 Money and Banking course at Columbia (found in Milton Friedman’s papers)
Reading list for James W. Angell’s 1933 International Economics course at Columbia (found in Milton Friedman’s papers).
James W. Angell’s 1943 report to the Harvard Class of 1918.
_______________________________
Course Announcement
Economics 121-122—Monetary economics. Professor Angell.
M. W. 10. 310 Fayerweather.
The part played by money and banking operations in the structure and movements of the general economic system. The development of monetary theory. Saving, investing, and employment. Keynesian and neo-Keynesian analysis. Current problems of monetary and general fiscal policy.
Source: Columbia University, Bulletin of Information, 54th Series, No. 23 (June 19, 1954). Announcement of the Faculty of Political Science for the Winter and Spring Sessions 1954-1955, p. 35.
_______________________________
December 15, 1954
TO: MEMBERS OF THE DEPARTMENT OF ECONOMICS
FROM: Arthur R. Burns
Will you please send to Professor Dorfman your lists of readings with recent amendments including optional readings, in order that he may endeavor to arrange for the library to have as many as possible of the books that are being recommended. Please also forward requests for future additions to the library to Professor Dorfman.
* * * * * * * * * * * * *
ECONOMICS 121-122
READING LIST
in
MONETARY ECONOMICS
Note: Eligible veterans may purchase at government expense any four books marked “V”.
1954
* * * * * * * * * * * * *
ECONOMICS 121
REQUIRED READING
(References are to numbered sections in Reading List.)
First Semester
Section:
I (If necessary)
II-1 (Outside reading)
IV-1 (Partly for discussion in class, as indicated)
V-1 (Outside reading)
Second Semester
Section:
III (Outside reading, as indicated)
IV-2 (Partly for discussion in class, as indicated)
V-2 (Outside reading)
VI-1 (Outside reading)
VII (Look into several of the books)
* * * * * * * * * * * * *
READING LIST IN MONETARY ECONOMICS
Required reading should if possible be read in the order in which the titles are presented.
I. INTRODUCTORY
(Students who have had little or no previous work in Money and Banking are advised to read at least one title in each group.)
1. General Texts
Chandler, L. V., Economics of Money and Banking (1953). “V”
James, F. C.: Economics of Money, Credit and Banking (3rd edition, 1940)
Kent, R. P.: Money and Banking (1951). “V”
Thomas, R. G.: Our Modern Banking and Monetary System (1950), Chapters 1-30. “V”
2. Other References
Chandler, L. V.: Introduction to Monetary Theory (1940)
Mitchell, W. C.: Business Cycles (Volume I, 1927) Chapter 2
Robertson, D. H.: Money (2nd edition, 1929)
II. MONETARY AND BANKING ORGANIZATION OF THE U.S.
1. Required Reading
Thomas, R. G.: Our Modern Banking and Monetary System (1950), Chapters 18, 19
Kent, R. P.: Money and Banking (1951), Chapters 20-22,26-28
Burgess, W. R.: The Reserve Banks and the Money Market (Revised edition, 1946)
Board of Governors of the Federal Reserve System, Banking Studies (1941), Chapters 3, 17
Angell, J. W.: The Behavior of Money (1936), Chapters 1-4
Goldenweiser, E. A.: Federal Reserve Objectives and Policies (AER, June, 1947)
Thomas, W.: The Heritage of War Finance (AER, Proceedings, May, 1947)
Board of Governors, Federal Reserve System: Federal Reserve Policy (Post-War Economic Studies, No. 8: 1947)
Goldenweiser, E. A., American Monetary Policy (1951)
2. Other References
Beckhart, B. H., ed.: The New York Money Market (4 volumes, 1931-32)
Board of Governors, Federal Reserve System: Federal Reserve Bulletin (current issues)
_________________: The Federal Reserve System (1939)
_________________: Post-War Economic Studies (published serially)
Crawford, A. W.: Monetary Management under the New Deal (1940)
Currie, L.: The Supply and Control of Money in the U. 5. (1934)
Dewey, D. R.: Financial History of the U. S. (1903)
Federal Reserve Bank of New York: Monthly Review
Hardy, C. O.: Credit Policies of the Federal Reserve System (1932)
Harris, S. E.: Twenty Years of Federal Reserve Policy (2 volumes, 1932)
Hepburn, A. B.: History of Currency in the U. S. (2nd edition, 1924)
Jacoby, N. H. and Saulnier, R. J.: Business Finance and Banking (1947)
Johnson, G. G., Jr.: The Treasury and Monetary Policy, 1933-38 (1938)
Macaulay, F. R.: Interest Rates, Bond Yields end Stock Prices in the U.S. Since 1856 (1938)
Mints, L. W., History of Banking Theory (1945) (U.S. and U.K.)
Mitchell, W. C.: History of the Greenbacks (1903)
National Monetary Commission: Reports (1910, 1911): includes volumes on various phases of money, banking and related legislation in the U.S.
Paris, J. D.: Monetary Policies of the U.S., 1932-1936 (1938)
Riefler, W. W.: Money Rates and Money Markets in the U. S. (1930)
Saulnier, R. J., and Young, R. A.: Finance and Credit in the American Economy, 1900-1944 (1946)
U. S. Government Printing Office: Federal Reserve Act of 1913, with Amendments and Laws Relating to Banking (1940)
Westerfield, R. B.: Historical Survey of Branch Banking in the U.S. (1939)
_________________: Our Silver Debacle (1936)
Whitney, C.: Experiments in Credit Control: The Federal Reserve System (1934)
III. MONETARY AND BANKING ORGANIZATION IN OTHER COUNTRIES
(Select and read enough to understand the general organization and history of at least one country.)
Andreades, A.: History of the Bank of England (2nd edition, 1934)
Arnold, A.T.: Banks, Credit and Money in Soviet Russia (1937)
Bagehot, W.: Lombard Street (14th edition, 1915)
Brown, W. A., Jr.: England and the New Gold Standard (1929)
Clapham, Sir John: The Bank of England (1944)
Conant, C. A.: History of Modern Banks of Issue (6th edition, 1927)
Dacey, W. M.: The British Banking Mechanism (1951)
Dulles, E. L.: The French Frano, 1914-1928 (1929)
Dupriez, L. H.: Monetary Reconstruction in Belgian (1947)
Feaveryear, A. S.: The Pound Sterling (1931)
Flink, S.: The Geran Reichsbank (1931)
Harris, S. E.: Monetary Policies of the British Empire (1931)
Hawtrey, R. G.: A Century of Bank Rate (1936)
Higgins, B. H.: Canada’s Financial System in War (National Bureau of Economic Research, 1944)
Holladay, J.: The Canadian Banking System (1938)
Hubbard, L. E.: Soviet Money and Finance (1936)
King, W. T. C.: History of the London Discount Market (1936)
League of Nations: Gold Delegation: Reports, etc. (1930, ff.)
_________________: Money and Banking (periodically, 1931 ff.)
Madden, J.T., and Nadler, M.: International Money Markets (1935)
National Monetary Commission: Reports (1910, 1911): includes volumes on a series of foreign systems
Northrop, M. B.: The Control Policies of the German Reichsbank, 1924-1933 (1938)
Plumptre, A. F. W.: Central Banking in the British Dominions (1940)
Rogers, J. H.: The Process of Inflation in France, 1914-1927 (1929)
Sayers, R. S.; Modern Banking (1947). Chiefly on England
Shepherd, H. L.: The Monetary Experience of Belgium, 1914-1936 (1936)
Whale, P. B.: Joint Stock Banking in Germany (1930)
Willis, H. P.: Theory and Practice of Central Banking (1939)
Willis, H. P., and Beckhart, B. H., eds.: Foreign Banking Systems (especially on Great Britain and Canada) (1929)
IV. THE GENERAL RELATIONS BETWEEN THE MONETARY AND BANKING SYSTEM AND ECONOMIC ACTIVITY
1. Required Reading (First Semester)
(In approximate order. Titles marked with asterisk (*) should be prepared for discussion in class.)
*Layton, Sir W. T.: Introduction to the Study of Prices (3rd ed., 1938) (skim)
*Fisher, Irving: The Purchasing Power of Money (2nd ed., 1926) (skim)
*Keynes, J. M.: Monetary Reform (1924), Chapters 1 and 3 (Section 1)
Angell, J. W.: Theory of International Prices (1926), pp. 116-135, 178-186, 274-280, 308-312, 324-331
_________________: The Behavior of Money (1936), Chapters 5, 6
Ellis, H. S. German Monetary Theory, 1905-1933 (1934), Chapters 8-11
Hawtrey, R. G.: The Gold Standard in Theory and Practice (5th edition, 1947). “V”
*Hawtrey, R. G.: The Art of Central Banking (1932), Chapter 4
*_________________: Currency and Credit (3rd edition, 1927), Chapters 1-4, 10, 11
*Keynes, J. M.: Treatise on Money (2 volumes, 1930), Chapters 9-14, 30, 35-37
Klein, L. R.: The Keynesian Revolution (1947), Chapter l (on Keynes’ Treatise). “V”
Robertson, D. H.: Essays in Monetary Theory (1940), Chapters 1, 4-6, 11
*Hicks, J. R.: A Suggestion for Simplifying the Theory of Money (Economica, February, 1935) (Reprinted in Am. Econ. Assoc., Readings in Monetary Theory, 1951)
*Keynes, J. M.: The General Theory of Employment, Interest and Money (1936). “V”
2. Required Reading (Second Semester)
Haberler, G.: Prosperity and Depression (1946), Chapter 8. 3rd edition 1941. “V”
Hansen, A. H.: Full Recovery or Stagnation (1938), Part IV
*_________________: Fiscal Policy and Business Cycles (1941), Part III. “V”
Wilson, T.: Fluctuations in Income and Employment (1942), Part I
*Burns, A. F.: Economic Research and the Keynesian Thinking of our Times (National Bureau of Economic Research, 1946)
*Hicks, J. R.: Value and Capital (1939), Chapters 9-14, 19, 23. “V”
*Lerner, A. P.: The Economics of Control (1946), Chapters 21-25. “V”
*Angell, J. W.: Investment and Business Cycles (1941), Chapters 9-11, 13. “V”
*Hansen, A. H.: Economic Policy and Full Employment (1947); Chapters 11-19
Klein, L. R.: The Keynesian Revolution (1947), Chapters 3, 4 (only pp. 110-123), 6. “V”
Harris, S. E., ed.: The New Economics (1947), Chapters 4, 9, 14, 31, 37
Ellis, H. S., ed.: Survey of Contemporary Economics (1948), Chapter 9 (article by H. H. Villard, “Monetary Theory.”) “V”
Modigliani, F.: Fluctuations in the Saving-Income Ratio (in National Bureau of Economic Research, Studies in Income and Wealth, Vol. 11, (1949), Part V)
Samuelson, P. A.: Interactions of the Multiplier Analysis and the Principle of Acceleration (RES, May 1939; reprinted in Am. Econ. Assoc., Readings in Business Cycle Theory)
3. Other Preferences
American Economic Association, Readings in Business Cycle Theory (1944), especially Chaps. 5-9, 12, 15, 17
_________________: Readings in Monetary Theory (1951), especially Chaps. 7, 11, 13, 17. “V”
_________________: Readings in Price Theory (1952), especially Chaps. 14, 15
American Economic Review: Proceedings (May, 1948): papers on Keynes
Angell, J. W.: Keynes and Economic Analysis Today (Rev. Econ. Stat., November, 1948)
Clark, J. M.: Alternatives to Serfdom (1948), Chapter 4
_________________: Economics of Planning Public Works (1935)
Domar, E. D.: Expansion and Employment (AER, March, 1947)
_________________: The Problem of Capital Accumulation (AER, Dec. 1948)
Duesenberry, James F.: Income, Saving and the Theory of Consumer Behavior (1949)
Durbin, E. M.: Purchasing Power and Trade Depression (1934)
Eisner, R.: Underemployment Equilibrium Rates of Growth (AER, Mar. 1952). On papers by Domar and Schelling in this Section.
Ellis, H. S., ed.: Survey of Contemporary Economics (1948), Chapters 2, 5
Fellner, W.: Monetary Policies and Full Employment (1946)
_________________: The Robertsonian Evolution (AER, June 1952)
_________________: and Somers, H. M.: Alternative Monetary Approaches to Interest Theory (RES, Feb. 1941)
Gayer, A. D.: Monetary Policy and Economic Stabilization (2nd edition, 1937)
_________________, ed.: Lessons of Monetary Experience (1937)
Halm, G.: Monetary Theory (1942). Second edition 1946
Hansen, A. H., Monetary Theory and Fiscal Policy (1949)
Hart, A. G.: Anticipations, Uncertainty and Dynamic Planning (1940)
Hawtrey, R. G.: A Century of Bank Rate (1938)
Hayek, F.: Prices and Production (2nd edition, 1935)
_________________: The Pure Theory of Capital (1941)
Henderson, H. D.: The Significance of the Rate of Interest (Oxford Economic Papers, October, 1938). Also see articles in later issues on interest rates and liquidity preference.
Kuznets, S.: National Product Since 1869 (1946)
Lange, O.: Price Flexibility and Employment (1944)
_________________: The Theory of the Multiplier (Econometrica, July-October, 1943)
Lange, O., et al., eds.: Studies in Mathematical Economics and Econometrics (1942; in memory of Henry Schultz) papers by Lange, Mosak, Samuelson, Hart, Tinbergen
Lundberg, E.: Studies in the Theory of Economic Expansion (1937)
Machlup, F.: International Trade and the National Income Multiplier (1943)
Mack, R. P.: The Direction of Change in Income and the Consumption Function (RES, November, 1948)
Marshall, A.: Money, Credit and Commerce (1923)
Modigliani, F.: Liquidity Preference and the Theory of Interest and Money (Econometrica, January, 1944)
Myrdal, G.: Monetary Equilibrium (1939)
Niebyl, K. H.: Studies in the Classical Theory of Money (1946)
Nussbaum, A.: Money in the Law (1939). 1950 edition
Ohlin, B.: The Stockholm Theory of Savings and Investment (EJ, 1937; reprinted in Am. Econ. Assoc., Readings in Business Cycle Theory, 1944)
Pigou, A. C.: Employment and Equilibrium (1941)
_________________: Lapses from Full Employment (1945)
Robinson, Joan: Introduction to the Theory of Employment (1939; expanded 1949)
Robertson, D. H.: Banking Policy and the Price Level (2nd edition, 1932)
_________________: Saving and Hoarding (EJ, September, 1933)
Rueff, J.: The Fallacies of Lord Keynes’ General Theory (QJE, May 1947)
Samuelson, P. A.: The Principle of Acceleration and the Multiplier (JPE, Dec. 1939)
_________________: Interactions between the Multiplier and the Principle of Acceleration (RES, May, 1939; reprinted in Am. Econ. Assoc., Readings in Business Cycle Theory, 1944)
Saulnier, R. J.: Contemporary Monetary Theory (1938)
Schelling, T.: Capital Growth and Equilibrium (AER, Dec. 1947). On paper above by Domar
Schumpeter, J. A.: Theory of Economic Development (1934)
Symposium: Five Views on the Consumption Function (Rev. Econ. Stat., November, 1946)
Temporary National Economic Commission: Saving and Investment (Hearings, Part 9: 1939)
Terborgh, G.: The Bogey of Economic Maturity (1945)
Tinbergen, J.: Some Problems in the Explanation of Interest Rates (QJE, May, 1947)
Villard, H. H.: Deficit Spending and the National Income (1941)
Viner, J.: Studies in the Theory of International Trade (1937), Chapters 3-7
Wicksell, K.: Interest and Prices (English edition, 1936)
_________________: Lectures on Political Economy, Volume II: Money (1935); also VoI. I, Introduction
Williams, J. H.: An Appraisal of Keynesian Economics (American Economic Review, Proceedings, May, 1948)
Wood, E.: English Theories of Central Banking Control, 1819-1858 (1938)
Wright, D. McC.: The Economics of Disturbance (1947)
V. BUSINESS CYCLES
(Also see references in Section IV)
1. Required Reading (First Semester)
Mitchell, W. C.: Business Cycles: The Problem and Its Setting. Volume I (1927), especially Chapters 1, 2, and 5
Clark, J. M.: Strategic Factors in Business Cycles (1934), especially pp. 1-22, 96-123, 167-183
Ellis, H. S.: German Monetary Theory, 1905-1933 (1934); Part IV
Amer. Econ. Assoc.: Readings in Business Cycle Theory (1944), Chaps. 1, 15, 17, 21. “V”
Haberler, G.: Prosperity and Depression (1946), Part I
2. Required Reading (Second Semester)
Haberler, G.: Prosperity and Depression (1946), Part III
League of Nations: Economic Stability in the Post-War World (1945), Section I. “V”
Schumpeter, J.: Business Cycles (1939), Chapter 4
Hicks, J. R.: Value and Capital (1939), Chapter 24
Angell, J. W.: Investment and Business Cycles (1941), Chapters 7, 8, 12
Hansen, A. H.: Fiscal Policy and Business Cycles (1941), Parts I, III
Wilson, T.: Fluctuations in Income and Employment (1942), Part II (on the U.S. 1919-1937)
Metzler, L. A.: Business Cycles and the Modern Theory of Employment (AER, June 1946)
Burns, A. F., New Facts on Business Cycles (National Bureau of Economic Research, Annual Report, 1950), Part I
3. Other References
Achinstein, A.: Introduction to Business Cycles (1950)
Burns, A. F.: Production Trends in the U. S. since 1870 (1934)
Burns, A. F., and Mitchell, W. C.: Measuring Business Cycles (1946)
_________________: Hicks and the Real Cycle (JPE, Feb. 1952)
Frickey, E.: Economic Fluctuations in the U. S., 1866-1914 (1942)
Harrod, R. F.: The Trade Cycle (1936)
_________________: Notes on Trade Cycle Theory (EJ, June 1951)
Hicks, J. R.: A Contribution to the Theory of the Trade Cycle (1950)
Kaldor, N.: A Model of the Trade Cycle (EJ, 1940)
_________________: Mr. Hicks on the Trade Cycle (EJ, Dec. 1951)
Kalecki, M.: Essays in the Theory of Economic Fluctuations (1939)
Knight, F. H.: The Business Cycle, Interest and Money (RES, May, 1941)
Robbins, L.: The Great Depression (1934)
Röpke, W.: Crises and Cycles (1936)
Salant, W.: Foreign Trade Policy in the Business Cycle (in C. J. Friedrich and E. S. Mason, eds., Public Policy, 1940, vol. II)
Tinbergen, J.: Statistical Testing of Business-Cycle Theories (2 volumes, 1939)
Tinbergen, J., and Polak, J. J.: The Dynamics of Business Cycles (1950)
VI. CURRENCY AND EXCHANGE DEPRECIATION:
INTERNATIONAL MONETARY POLICIES
1. Required Reading
Gayer, A. D.: Monetary Policy and Economic Stabilization (2 ed., 1937), Chapters 1-8
Hansen, A. H.: Full Recovery or Stagnation? (1938), Chapters 10-15
Gilbert, M.: Currency Depreciation (1939), Chapters 3, 5, 6
League of Nations: Economic Stability in the Post-War World (1945), Chapter 17
Hansen, A. H.: America’s Role in the World Economy (1945), Apps. A and B. “V”
Nurkse, R.: Conditions of International Monetary Equilibrium (1945) (reprinted in Am. Econ. Assoc., Readings in Intl. Trade, 1948)
_________________: Domestic and International Economic Equilibrium (in S. E. Harris, ed., The New Economics, 1947)
Robinson, Joan: Introduction to the Theory of Employment (1939; reprinted 1947), Chapter on The Foreign Exchanges
2. Other References
Angell, J. W.: Theory of International Prices, Chapters 7, 17 (1926)
Bloomfield, A. I.: Operations of the American Exchange Stabilization Fund (RES, May, 1944)
Bresciani-Turroni, C.: The Economics of Inflation (1937) (On Germany, 1914-24)
Brown, W. A., Jr.: The International Gold Standard Reinterpreted, 1914-1934 (2 volumes, 1944)
Cassel, G.: The Downfall of the Gold Standard (1936)
_________________: Money and Foreign Exchange After 1914 (1922)
Dulles, E. L.: The French Franc, 1914-1928 (1929)
Dupriez, L. H.: Monetary Reconstruction in Belgium (1947)
Ellis, H. S.: Exchange Control in Central Europe (1941)
Graham, F. D.: Exchanges, Prices, and Production in Hyper-Inflation: Germany, 1920-1923 (1930)
Gregory, T. E.: The Gold Standard and Its Future (1932)
Hall, N. F.: The Exchange Equalization Account (London, 1935)
Harris, S. E.: Exchange Depreciation (1926)
Heilperin, M. A.: International Monetary Economics (1939), Chapters 3, 6, 9
League of Nations: The Course and Control of Inflation (1946) (Experience after World War I)
_________________: International Currency Experience (1944)
Leavens, D. H.: Silver Money (1939)
Li, C. M.: Theory of International Trade under Silver Exchange (QJE, Aug. 1939)
Patterson, G.: Survey of U. S. International Finance (annual, 1950 ff.)
Sayers, R. S.: Modern Banking (1947), Chapters 7, 8
Southard, F. A., Jr.: Some European Currency and Exchange Experiences, 1943-1946 (1946)
U. S. Tariff Commission: Foreign Trade and Exchange Controls in Germany (1942), pp. 1-34
U. S. Treasury Department: Articles of Agreement: International Monetary Fund and International Bank for Reconstruotion and Development (1944)
Waight, L.: The Exchange Equalization Account (1939)
Westerfield, R. B.: Our Silver Debacle (1936)
Whittlesey, C. R.: International Monetary Issues (1937)
Williams, J. H.: Post-War Monetary Plans (1944)
VII. CURRENT PROBLEMS IN THEORY AND POLICY
(These references are in large part supplementary to the more recent among the titles in Section IV, above. Look into a number of them, and read carefully what interests you.)
Beveridge, Sir W.: Full Employment in a Free Society (1945)
Board of Governors, Federal Reserve System: Post-War Economic Studies (published at intervals)
Brunner, K.: Inconsistency and Indeterminacy in Classical Economics (Econometrica, Apr. 1951). On Patinkin papers listed below
Buchanan, N. S.: International Investment and Domestic Welfare (1945)
Chandler, L. V.: Federal Reserve Policy and the Federal Debt (AER, 1949; reprinted in Am. Econ. Assoc., Readings in Monetary Theory, 1951)
Clark, C.: The Economics of 1960 (1944)
Cohen, M.: Postwar Consumption Functions (RES, Feb. 1952)
Fisher, A. G. B.: International Implications of Full Employment (1946)
Fisher, Irving: 100 Per Cent Money (2 ed., 1936)
Friend, Irving: Personal Savings in the Post-War Period (Survey Current Bus., Sept. 1949 and Suppl., 1950-51
_________________ and Bronfenbrenner, J.: Business Investment Programs and their Realization (Survey of Current Business, Dec. 1950)
Hansen, A. H.: Classical, Loanable-Fund and Keynesian Interest Theories (QJE, Aug. 1951)
_________________: Income, Employment and Public Policy (1948) (Essays in honor of Hansen)
Harrod, R. F.: Toward a Dynamic Economics (1948)
International Labor Office: Public Investment and Full Employment (1946)
Lerner, A. P.: The Economics of Employment (1951)
Liu, T. C. and Chang, C. G.: U.S. Consumption and Investment Propensities (AER, Sept. 1950)
Millikan, M. F., ed.: Income Stabilization for a Developing Democracy (1953)
Morishima, M.: Consumer’s Behavior and Liquidity Preference (Econometrica, Apr. 1952)
Norton, F. E.: Capital Theory and Progressive Equilibrium (AER, Papers and Proc., May 1951)
Oxford University, Institute of Statistics: The Economics of Full Employment (1944). A symposium
Patinkin, D.: Relative Prices, Say’s Law and the Demand for Money (Econometrica, Apr. 1948)
_________________: The Indeterminacy of Absolute Prices in Classical Economic Theory (Econometrica, Jan. 1949)
_________________: The Invalidity of Classical Monetary Theory (Econometrica, Apr- 1951)
Robinson, Joan: Collected Economic Papers (1951). Parts I-III
Rosa, R.: The Revival of Monetary Policy (RES, Feb. 1951)
Schelling, T. C.: The Dynamics of Price Flexibility (AER, Sept. 1949). And see replies by Patinkin and Klein in AER, Sept. 1950
Tobin, J.: Monetary Policy and the Management of the Public Debt: The Patman Inquiry (RES, May 1953)
Tsiang, S. C.: Accelerator, Theory of the Firm and the Business Cycle (QJE, Aug. 1951). On Kaldor and Samuelson
United Nations: National and International Measures for Full Employment (Report by a group of experts: 1949)
_________________: Measures for International Economic Stabilization (Report by a group of experts: 1951)
Williams, J. H.: Money, Trade and Economic Growth (1951). (Essays in honor of Williams) Part III
* * * * * * * * * * * * *
1954-55
ECONOMICS 121-122
Add the following titles:
Sec. II-2:
Bach, G. L: Federal Reserve Policy-Making (1950).
Brandt, Harry: U.S. Monetary and Credit Policies, 1945-50 (unpubl. Ph.D. dissertation, Columbia 1954).
U.S. Congress: Joint Committee on the Economic Report: Monetary, Credit and Fiscal Policies (1949: U.S. Cong. 81:1).The Patman-Douglas Report. On the Federal Reserve, esp. Chap. II; on fiscal policy, Chap. XI.
Sec. IV-2:
Hansen, A. H.: A Guide to Keynes (1953), Chap. 7.
Sec. VII:
Abramovitz, M.: Economics of Growth (in: Survey Contemp. Econ., vol. II; ed. B. F. Haley, 1952).
Ferber, R.: Aggregate Consumption Functions (Natl. Bur. Econ. Res., Tech, Paper #8; 1953).
Friedman, Milton: Essays in Positive Economics (1953), Part III.
Hubbard, J.C.: The Marginal and the Average Propensity to Consume (QJE, Feb. 1954).
Kalecki, M.: Theory of Economic Dynamics (1954).
Kuznets, S.: The Proportion of Capital Formation to National Product (AEA, Proc., May 1952).
Mack, Ruth P.: Economics of Consumption (Survey Contemp. Econ., vol. II; ed. B. F. Haley, 1952).
Yeager, L. B.: Some Questions about Growth Economics (AER, March 1954).
Source: Columbia University Libraries, Manuscript Collections. Joseph Dorfman Collection, Box 13 (Columbia University – teaching, etc.) in an unlabeled folder.
Image Source: Harvard Class of 1918, Twenty-fifth Anniversary Report. Cambridge: 1943, pp. 24-26.
