Categories
Courses Johns Hopkins Stanford Suggested Reading Syllabus

Johns Hopkins. Lectures on Charities by A. G. Warner, 1893

In 1892 Amos G. Warner (1861-1900) was hired as the head of the newly established Department of Economics and Social Science at Stanford. A sketch of his biography is found in the eulogies reported at his memorial service at Stanford.  This is followed by an outline with readings for a course of lectures he held at Johns Hopkins University in 1893 “On Charities and their Administration”.

 

 

___________________________

MEMORIAL TO DR. A.G. WARNER.

Friends and Colleagues of the Dead Professor Pay Tribute to a Truly Great Man.

Last night memorial services were held in the chapel for Dr. Amos Griswold Warner, late head of the department of Economics and Sociology in the University. The touching tributes of recollection bore eloquent testimony how deeply his friends at Stanford have felt his death.

President Jordan first spoke, saying : “About fourteen years ago I was told by one who had attended a convention of political economists that the man who was the most sane, interesting, and human of them all was the professor of economics in the University of Nebraska, Dr. Amos G. Warner. It was largely through this statement that I was led to investigate his life and work and to offer him a professorship, first in the East and again in the West, the last of which he finally accepted. It was through Dr. Warner’s recommendation that I first came to look up the records of Dr. Ross and Dr. Howard, so he had a great deal to do with this institution.”

Dr. Jordan introduced Dr. Howard, who said of Dr. Warner, in part : “I have had an acquaintance with him extending over a score of years and must be excused if I give personal reminiscences.

“Just twenty years ago last September there appeared for registration in the University of Nebraska a farmer’s boy from Roca, a village about eleven miles distant from there. His clothes were of the severest country type. His eye, as many of you know, constantly gave a human and somewhat quizzical light —looking out into the new world into which he was about to enter, and of which in more than usual measure he took possession. I had just returned from Germany and for three months was a supply teacher, and with others felt that a new power had come among us, as we learned more and more to appreciate his mind. The part which a young man or a young woman has to take in academic life in the making of the institutions which constitute that life is very important. As he is strong or great in that life he is likely to be in the life beyond. Dr. Warner had a sense of humor almost unsurpassed, and was often a leader in college fun — in true college fun — that kind which had the joy of gentleness, but he was never found in that group whose only claim to academic distinction is good clothes, nor among those who are eager to imitate evil, nor among those who in the name of a college joke or prank delight to persecute those who are physically or mentally weaker than themselves. He told me that he had resolved to graduate and then carry the culture he had obtained into a farmer’s life. While yet a graduate student he received his first call to public duty. In Baltimore, the patron of charities in that city heard of him and the young boy received an invitation to organize the charities —the most difficult work that any man can undertake. The plough boy of Roca undertook the work and he succeeded. And then came the first call to teach. He was appointed an associate professor and my colleague, and now after a few months’ teaching came his second call to public work, to Washington. The thing which finally determined his coming to Stanford was the gift of the Hopkins Library to this institution. He was deeply interested in railroad matters and would build up a railroad school here which would be a great activity.

“But was the work of Dr. Warner left unfinished? He first organized the Associated Charities, and then he organized one of the most important branches of another science, that of Economic Corporations. But there is something more than that which is better, and that is the influence of that good and true soul which he put forth. One may compare it in its results to a diamond cast into the water. The waves of intellectual and moral influence recede further and further, until they break the uttermost shores of time. He had knowledge of man, and of men in all forms and shapes, which only the wise can possess. His work led him in the lowest walks of society, and he came out of it a master of men. When one stands in the presence of that noble and pure soul he cannot but feel humility. When one considers his greatness and his strength one may have faith and hope for the man of democracy.”

Dr. Edward A. Ross was the next to speak of Dr. Warner. He said : “Professor Warner was a most original man. His was the pioneer mind. He seemed to have the capacity to relate economics to real life. He was always on the growing margin of the science, where something new is to be discovered. His methods were original and effective. Instead of sending his students to texts, he sent them out in the world to study the jails, almshouses, and city halls. Students who are here now simply cannot realize the deep devotion of Professor Warner’s students to him, and the profound impression that he has left on every one of them. He had a rare common sense. When he was here two years ago he gave four lay sermons, and I think that they will never be forgotten. I have hardly heard a person comment on these sermons. They are of the kind that you think over, and carry in your mind.”

[…]

Source:  The Stanford Daily. Vol. XVI, Issue 9 (January 24, 1900), p. 1.

 

________________________

CHARITIES AND THEIR ADMINISTRATION.
ABSTRACT OF A COURSE OF LECTURES BY A. G. WARNER, PH. D.
[1893]

The lectures to graduate students on Social Science during the current year were opened with an introductory course by President Gilman. He briefly characterized some of the fundamental and special works of sociology and showed its relation to history, politics, economics, education, sanitation, penology, and other distinct fields of social inquiry. The relations of university men to the State and to society were discussed, together with various practical topics pertaining to political ethics, public morality, social reform, and organized charity.

These introductory lectures were followed by courses by Dr. A. G. Warner and Dr. E. R. L. Gould.

A course of ten lectures on “Charities and their Administration ” was delivered during December and January by A. G. Warner, Ph. D., Superintendent of Charities for the District of Columbia, and Professor-Elect of Economics in the Leland Stanford Jr. University. During and following the course, a company of those especially interested in the subject visited many of the charitable and penal institutions of the city and vicinity, under the guidance of Mr. F. D. Morrison, Superintendent of the Maryland School for the Blind, who represented the Baltimore Charity Organization Society, and Mr. D. I. Green, who was chosen chairman of the class.

The substance of Dr. Warner’s lectures will eventually be incorporated in a work entitled “American Charities, a Study in Philanthropy and Economics,” [Volume 4 in Crowell’s Library of Economics and Politics, 1894] but it is thought best to print at once for the use of those interested in the subject the list of references and a brief synopsis of the lectures themselves.

The references as given by Dr. Warner have been extended by, Mr. D. I. Green, through the addition of dates and places of publication and the completion of titles. They are presented here not as a bibliography of charities but as a reader’s guide which has already proved useful to students of social science.

Perhaps the best bibliography for the American student of charity, though by no means complete, is that found in the appendix of the last Baltimore Directory of Charities. The Directory may be obtained from the Charity Organization Society of Baltimore for fifty cents. The Library Catalogue of the London Charity Organization Society, now appearing in Charity Organization Review, will constitute a more complete bibliography.

 

List of Works Suggested by the Lecturer for Reference in connection with this Course.

 

(a) Bibliographical Helps:

Adams, H. B. Notes on the Literature of Charities. Johns Hopkins University Studies, fifth series, No. 8. 1887.
Commons, John R. Popular Bibliography of Sociology. The Christian Social Union, Madison, Wis. 1891.
Catalogue of the Library of the State Charities Aid Association. New York City. 1886. Directory of Charities of Baltimore, Appendix E. Charity Organization Society, Baltimore. 1892.
Catalogue of Library of the London Charity Organization Society. This is being printed in sections as a supplement to the Charity Organization Review, beginning with January, 1893. London.

 

(b) Periodicals:

The Charities Review. Published monthly from November to June. Charity Organization Society of New York City. $1.00.
Lend a Hand. Edited by Rev. E. E. Hale. Monthly. Boston. $2.00.
State Charities Record. Published bi-monthly. The State Charities Aid Association of New York. Discontinued, June, 1892.
Charity Organization Review. Published monthly. The Charity Organization Society of London. 6 d. each.
The Monthly Register. The Philadelphia Society for Organizing Charity. 50 cts.
Die Arbeiter-Kolonie. Monthly. Gadderbaum, Germany. 50cts.

 

(c) European:

Nicholls, George. History of the Poor Laws. London. 4 vols. 1854-1857.
Chalmers, Thomas. Christian and Economic Polity of Large Towns. Glasgow, 1858.
Fowle, T. W. The Poor Law. London, 1881.
Fawcett, Henry. Pauperism; Its Causes and Remedies. London, 1871.
Hodder, Edwin. Life and Work of the Earl of Shaftesbury. London and New York, 1886.
Booth, Charles. Labor and Life of the People. 3 Vols. London. 1889, 1891, 1892.
Schönberg’s Handbuch der Politischen Oekonomie, third edition, article, “Armenwesen,” by E. Löning. Tübingen, 1891.
Conrad’s Handwörterbuch der Staatswissenschaften, articles, “Armenwesen,” by Dr. Aschrott and others; and “Arbeiter-Kolonien,” by J. Berthold. Jena, 1890
Emminghaus, A. Poor Relief in Different Parts of Europe. Translation. London, 1873.
Böhmert, Victor. Armenwesen in 77 Deutschon Städten. Dresden, 1886.

 

(d) American:

Annual Reports of the National Conference of Charities and Correction, 19 vols. Boston.
Reports of State Boards of Charities.
Report on the Defective, Dependent and Delinquent Classes. Tenth Census of the United States. Vol. XXI.
Aschrott, P. F. Poverty and Its Relief in the United States of America. Translated for the Baltimore Charity Organization Society. Baltimore, 1890.
Gilman, D. C. Our Relations to Our Other Neighbors. Baltimore, 1891.
Warner. Dr. Amos G. Charities: The Relation of the State, the City, and the Individual to Modern Philanthropic Work. 12 pages. Supplement to Johns Hopkins Univ. Studies. Baltimore, 1889.
Riis, Jacob A. How the Other Half Lives. New York, 1889.
Crooker, Joseph H. Problems in American Society. Boston, 1889.
Ely, Richard T. Philanthropy. Reprinted by the Baltimore Charity Organization Society, 1887.

 

In studying pauperism, we study one branch of the science of social pathology; in studying charities and their administration we are concerned with one branch of social therapeutics. Pauperism is natural and inevitable only in the same sense that bodily disease is natural and inevitable. Both are evils to be treated by scientific methods and to be assailed in their causes. Parenthetically it may be said that the tendency to use the term social science or sociology as meaning simply what is here called social pathology and therapeutics is a pernicious one. There is no good name for the branch of social science which relates to the care of social weaklings.

In the present course little will be said about gratuitous charity-made pauperism. The evils resulting from unwise giving are to be mentioned only incidentally. It is desired to dwell on what needs doing rather than on what should not be done, to consider especially those great and various groups of individuals whose destitution is undoubted, and to outline the wisest methods of helping them.

 

Lecture No. 1.
PAUPERISM AS A PHASE OF NATURAL SELECTION.

(a) On Natural Selection in its Application to Man:

Huxley, Thomas H. The Struggle for Existence. The Nineteenth Century, Feb., 1888. On the Natural Inequalities of Men. Ibid, Jan., 1890.
Wallace, A. R. Contributions to the Theory of Natural Selection. London, 1871.
Ritchie, D. G. Darwinism and Politics. London, 1889.
Bagehot, Walter. Physics and Politics, chapter on the “Uses of Conflict.” 1872.
Darwin, Charles. Origin of Species, 1859; and the Descent of Man, 1871.
Spencer, Herbert. Principles of Biology, 1864; and Principles of Sociology, 1874 et seq.
Malthus, Rev. Thomas Robert. The Principle of Population. London, 1798, 1803, etc., New York, 1890.

 

(b) On the Causes of Pauperism:

Booth, Charles. Pauperism and the Endowment of Old Age, chapter VII, and the tables there cited. London and New York, 1892.
Böhmert, (see above) pp. 114-116.
Reports of the Charity Organization Societies of Boston, Buffalo, New York, Baltimore, etc.
Warner. A. G. Notes on the Statistical Determination of the Causes of Poverty. Publications of the Am. Statistical Association, New Series, Vol. I, No. 5. Boston, 1889.
Crooker. Problems in American Society. Boston, 1889, p. 146.

 

“The Unfit” is an ambiguous term (see Huxley and Ritchie). In a narrow sense it means simply unfitness to cope with circumstances at a given time and a given place; in a broader sense it means unfitness from the standpoint of race improvement and it is a common but mischievous error to assume that those who are unfit in one sense of the term are also unfit in the other. Natural selection as a means of race improvement is always efficient, but sometimes enormously slow and wasteful. A man would be unfit in the sense of failing to cope with circumstances who should not be able to resist an attack of small pox, or who finding himself thrown into deep water should be unable to swim. Vaccination and life preservers are used to prevent such persons from becoming victims of temporary misfortune or weakness; and this is a proper modification of natural selection, because the persons who are not by nature fitted to cope with the special circumstances of the time and place may be eminently fit from the standpoint of race improvement. The purpose of philanthropy should be first, to preserve those who are fit from the standpoint of race improvement from being crushed by unfortunate local or temporary conditions, and second to enable those who are unfit from the standpoint of race improvement to become extinct with the least possible suffering.

In trying to determine what constitutes the unfitness of the individuals composing the pauper class, a system of case counting is frequently resorted to. A tabular exhibit of the result reached by German, English and American investigators shows that the most constant factor is sickness; next in importance in chronic pauperism is weakness of old age, and in incipient pauperism, the weakness of extreme youth. An attempt to classify the cases of pauperism according as the causes indicate misfortune or indicate misconduct has for its leading result the conclusion that very little dependence can be placed upon such a classification. The study of a concrete mass of pauperism tends to confirm Dugdale’s conclusions that “Hereditary pauperism rests chiefly upon disease in some form, tends to terminate in extinction, and may be called the sociological aspect of physical degeneration.”

 

Lecture No. 2.
SOME OF THE SOCIAL CAUSES AND EFFECTS OF INDIVIDUAL DEGENERATION.

 

Billings, John S. On Vital and Medical Statistics. Reprinted from The Medical Record. New York, 1889.
Eleventh Census, Bulletin 100.
Körösi. Joseph. Sterblichkeit der Stadt Buda-pest in den Jahren 1876-1881 und deren Ursachen, Mittheilungen über individual Mortalitäts-beobachtungen, and other works. Budapest, Hungary.
Reports of the New Jersey Bureau of Labor for 1889,1890 and 1891, chapters upon the “Health and Trade-Life of Workmen.”
Twiss, Travers. Tests of a Thriving Population. London, 1845.
Porter, Dwight. A Sanitary Inspection of Certain Tenement-House Districts of Boston. 1889.
Chapin, H. D. Preventable Causes of Poverty. The Forum. June, 1889.
Humphreys, Noel A. Class-Mortality Statistics. Journal of Royal Statistical Society. June, 1887.
Newsholme, Arthur. Elements of Vital Statistics. London, 1889.
Grimshaw, T. W. Reports as Registrar General of Ireland, 1885 et seq.

 

Influences which often tend to lower the industrial and social status of the individual that are commonly treated in works on economies, are the variations in the purchasing power of money, changes in industry, undue power of class over class, specialized industries, and the work of women and children. For present purposes we do not take up these topics which are treated elsewhere, but will content ourselves with certain statistical investigations as to occupational-mortality and morbidity.

By computations based on a table given by Körösi we find that out of 1000 merchants (Kaufleute) who are in the business at the age of 25 there will be alive at the age of 60, 587.7; of the same number of tailors, 420.6; of shoemakers, 376.2; of servants, 290.2; of day laborers, 253.4. The high mortality of the laboring classes carries with it an implication of a relative large amount of sickness. Taking an average of two years of sickness to each death—which is the proportion commonly assumed by statisticians— we find that merchants would have 32.5 years of health in which to provide for one year of sickness, tailors 21.3, shoemakers 18.7, servants 15.5, and day laborers only 13 years. This, however, does not indicate fully the burden imposed upon the lower classes by a high death rate. In order to give a more adequate idea of this burden we must turn to statistics of class-mortality and morbidity, since only here do we obtain a view of sickness and health in the population of all ages. Taking the population of Dublin, as statistically described by Dr. Grimshaw, it is found that among persons of the independent and professional classes there is an average of 24.5 years of health for persons over fifteen years of age in which provision may be made for one year of sickness in the whole population of the same class; while for the poorest class there are only 8.8 years of effective health in which to provide for one of sickness.

In the first lecture we reached the conclusion that disease is an important cause of poverty. We now reach the conclusion that poverty is an important cause of disease. Yet it is not without advantage that we travel all the way around this circle, and reach no general conclusion more novel than that already announced in Proverbs, “The destruction of the poor is their poverty.” It enables us to realize anew the interaction of social forces, and the manner in which that which they have is taken away from those which have not.

 

Lecture. 3.
PERSONAL CAUSES OF DEGENERATION.

Weismann, A. F. L. Heredity and Kindred Biological Problems. Translation, Oxford, 1889.
Ward, Lester F. The Transmission of Culture. The Forum, May 1891; and Neo-Darwinism and Neo-Lamarkism. Pamphlet. Washington, 1891.
Galton, Francis. Hereditary Genius. London, 1869.
Dugdale, R. L. The Jukes. New York, 1877, 1884.
McCulloch, O. C. The Tribe of Ishmael. Indianapolis, 1888.
Ely, R. T. Pauperism in the United States. North American Review, April, 1891.
Strahan, S. A. K. Marriage and Disease. New York, 1892.
Booth, Charles. Pauperism and Endowment of Old Age. 1892.
Drummond, Henry. Natural Law in the Spiritual World, chapters on Semi-Parasitism, and Parasitism. New York, 1887.
Tenth Annual Report of the New York State Board of Charities. 1877.
Royce, S. Deterioration and Race Education. New York, 1877.

 

As to heredity it must be said that it is now an open question among scientists whether or not acquired characteristics are transmitted by inheritance. If not, we are more in the dark as to the cause of variation in the human and other species than was for a time supposed; and much bearing on our present subject that has been written by Spencer, Maudsley, Bagehot and Dugdale is out of date. For instance, Mr. Dugdale’s tentative conclusion that “heredity itself is an organized result of invariable environment” would have to be given up. If Weismann’s contention is correct those interested in race-improvement will have to pay more attention than might otherwise have been thought necessary to the principles of selection. Galton has investigated the influence of heredity in producing unusually able men; Dugdale, McCulloch, Mrs. Lowell, and Charles Booth have investigated its influence in producing paupers, criminals and prostitutes.

Among secondary causes of degeneration pertaining to persons the following are of leading importance:

(1). Sexual licentiousness. All careful observers agree that perversion of sexual instincts is one of the chief causes of individual degeneration. It results in specific disease, general under-vitalization and incapacity. (2). Intemperance. Its degenerative influence is greatest in classes considerably above the pauper class (Booth, pp. 39-41). Its influence has not been studied with the scientific care it merits. (3). Laziness and under-vitalization merges into various forms of specific disease and into idiocy. It often appears in the children of the licentious and intemperate. (4). Parasitism, or the habit of dependence. Is at once an evidence and a source of degeneration. Is closely analogous to parasitism among plants and animals. (See Drummond, above). It may be indefinitely developed by unwise philanthropy.

We need not for the present inquire whether the secondary causes result from the influence of the individual’s “free choice,” from hereditary or from environment. There is said to be a tendency among defectives to intermarry, and so eventually to hasten extinction. (See Strahan).

 

Lecture No. 4.
THE ALMSHOUSE AND ITS INMATES.

(a) On Almshouses:

Booth, Charles. Pauperism and Endowment of Old Age, 1892, especially pp. 33 and 117.
Eleventh Census, Bulletin 90.
Report of a Conference on Charities held in Baltimore, April, 1887. Especially F. B. Sanborn on “Work in Almshouses,” and A. G. Warner on “The Charities of Baltimore.”
Reports of State Boards of Charities, especially New York, Indiana, Illinois, and Wisconsin.
Reports of the National Conferences of Charities and Correction. Especially papers by Messrs. Giles and Sanborn, 1884; Byers, 1886, and Mrs. Lowell, 1879.
Pamphlets issued by the Wisconsin State Board of Charities on the Construction and Management of Almshouses.

 

(b) On Out-Door Relief:

Reports of the National Conference, 1879, pp. 200 ff; 1881, pp. 144-154; symposium, 1891.
Farnam, H. W. Report on the Advisability of Establishing a Workhouse, etc. New Haven, 1887.
Lee, Joseph. A Study in Out-Door Relief. State Charities Record. April, 1892.
Report of Committee on Out-Door Alms of the Town of Hartford, Conn., 1891.

 

(c) On Old Age Pensions:

Booth. Pauperism. (See above).
Spender, J. A. The State and Pensions in Old Age. London, 1892.
Chamberlain, Joseph. Old Age Pensions. The National Review. Feb., 1892.
Loch, C. S. Old Age Pensions and Pauperism. London, 1892.

 

The almshouse is the fundamental institution in American poor relief. The abjectly destitute not otherwise provided for are sent here (inmates of almshouses in the United States 1890-73,015, ratio of population 1 to 857; 1880, inmates of almshouses, 66,203, ratio to population 1 to 758—Census Bulletin No. 90).

Formerly almost the entire care of the poor was left to the local political units. Under such circumstances all classes of dependents were jumbled together in the almshouse. Now, specialization is so far advanced that the state usually cares for the blind, the deaf and dumb, and in many cases for the insane and the feeble minded, and children are usually provided for by special agencies. This leaves for the almshouse at the present time the old, the infirm, the decrepit and chronic invalids and paupers. The stigma attaching to the acceptance of almshouse relief seems to come not so much from the fact that it is supported by the public as from the fact that a great majority of its inmates are thoroughly degenerate physically and morally. (See Hartford Report).

The almshouse is usually managed either by the county, city or township. Its character depends first upon the man employed as its superintendent, and second on the supervision. It is an institution that people willingly forget and reluctantly visit. It should be on a farm but near a town, so that visitors may easily reach it. Besides this, State supervision is indispensable and adequate control is desirable. (See Illinois Report, 1890—page 104).

To prevent excessive almshouse population the following deterrent influences have been used at various times and places: (a) Inhuman and-unallowable: dirt, hunger, cold, cruelty, vermin, and the promiscuous mingling of the evil and the good. (b) Beneficent: Rigid discipline, work for all capable of doing anything, cleanliness, and thorough investigation of applicants.

The evils to be guarded against other than those indicated above: (a) Lax rules regarding admission and departure (Booth and Mrs. Lowell); (b) Lack of proper classification (as to sex, age, character, etc.); (c) Presence of insane and feeble minded without adequate provision for them; (d) Presence of children; (e) Excessive cost; (f) Undue attractiveness.

Attempts have been made to provide in other ways for those commonly sent to the almshouse; the first of these is out-door relief. Strangely enough, the effect of giving such relief has usually been to increase the number of in-door poor, and conversely when the supply of out-door relief has summarily been cut off; the number of out-door poor has diminished, or remained stationary. Several proposals for the endowment of old age have recently been made in England. Canon Blackley, Joseph Chamberlain and Charles Booth have severally made proposals upon which a large number of variations have been suggested by others. It is not certain that pensions are a cure for pauperism, as our own experience indicates.

The almshouse must continue to be the basis of public poor relief. It is therefore the duty of those interested in the welfare of the poor to know that the almshouse in the community in which they live is well and humanely managed; that it is a proper place for those who ought to go there; and that those that should not, especially the children and certain classes of the insane, are elsewhere provided for.

 

Lecture No. 5.
THE SICK, THE INSANE, AND THE FEEBLE-MINDED.

(a) On Charities for the Sick:

Rentoul R. B. Reform of our Voluntary Medical Charities. Paris, 1891.
Reports of the National Conferences of Charities and Correction. Papers on Medical Charities: 1883, pp. 428 ff.; 1875, pp. 52 ff.; 1877, pp. 81-46; on Hospitals: 1890, pp. 155-177; 1891, pp. 52 ff.; on Training Schools for Nurses, 1890, pp. 110-147.
Hampton, Miss I. A. District Nursing. Report of the Charity Organization Society of Baltimore for 1891, and The Charities Review for February, 1892.
Hampton, Miss I. A. Nursing: Its Principles and Practice. Philadelphia, 1893.
Hunter, Mrs. Hospital Nursing. Eng. Illustrated Magazine for March, 1891.

 

(b) On the Care of the Insane:

Report of the National Conference. Especially 1882, p. 97, and 1888, pp. 25-95 and 384.
Finley, J. H. American Reform in the Care of the Insane. Review of Reviews, June, 1891.
Hammerton, C. R. Modern Treatment of the Insane. Chautauquan, Dec., 1891.

 

(c) On the Care of the Feeble-Minded

Reports on the National Conference: 1884, pp. 246-263; 1885, pp. 158-178; 1886, pp. 288-302; 1887, pp. 250-260; especially 1888, pp. 99-113 and 395; 1890, pp. 224 ff.
Institution Bulletin, and Annual Reports of the Pennsylvania Training School for Feeble Minded Children, especially the Circular of Information for 1888. West Chester, Pa.

 

In these three departments of charity work the problem is to provide the best possible curative treatment for those that are curable, and to furnish kind custodial care for the incurable. It is especially necessary that adult females incurably insane or feeble-minded should have custodial care during their entire lives.

 

Lecture No. 6.
THE UNEMPLOYED AND THE HOMELESS POOR

Reports of the Massachusetts Bureau of Statistics of Labor. 1879, and especially 1887.
Reports of the Ohio Bureau of Labor. 1890 and 1891.
Warner, A. G. Some Experiments on Behalf of the Unemployed. Reprinted from The Quarterly Journal of Economics for Oct., 1890. Boston.
Die Arbeiter-Kolonie. Monthly Magazine. Gadderbaum, Germany.
Peabody, F. G. German Labor Colonies. Forum, February, 1892.
Report of Indiana State Conference of Charities. 1891.
Willink, H. G. Dutch Home Labor Colonies. London, 1889.
Reports of the Philadelphia Society for Organizing Charity.
Booth, Wm. In Darkest England and the Way Out. London and New York,1890.
Huxley, Thos. H. Social Diseases and Worse Remedies. London, 1891.
Loch, C. 8., Bosanquet, B., and Dwyer, C. P. Criticisms on “General” Booth’s Scheme, London, 1891.
The Homeless Poor of London. Report of the London Charity Organization Society. June, 1891.
Ribton-Turner, C. J. History of Vagrants and Vagrancy. London, 1889.

 

The problem of the unemployed is very largely the problem of the inefficient. The evil must be assailed in its causes, as very little can be done for the inefficient adult.

There are three distinct ways of dealing with the homeless poor: First, aid them or force them to move on,—this simply results in a shifting of burdens; is very expensive and inefficient if it is the only method adopted. Second, punishment, — a severe law passed in Connecticut worked well for a time, but is now a dead letter. Third, give indiscriminately what they ask, — this promotes vagabondage and consequent misery. As a matter of fact each case must be treated individually, some should be aided to move on, some should be punished and some should be given what they ask. The station house system of free lodgings suits the tramp and degrades and repels the merely unfortunate. Vermin, bad air, dirt and crowding are luxuries to the tramp; cleanliness and work are the things he cannot stand. What is needed is a lodging house with clean beds, good ventilation, a shower bath, a steam chest or fumigating room for devitalizing clothing, and a wood yard or stone heap where the work test may be applied.

 

Lecture No. 7.
DEPENDENT CHILDREN.

Brace, Charles Loring. The Dangerous Classes of New York. New York, 1872.
Wines, E. C. State of Prisons and Child Saving Institutions in the Civilized World. Cambridge, Mass., 1880.
Review of Reviews for January, 1892. Including “The Child Problem in Cities,” by J. H. Finley, and “Two Champions of the Children” (Elbridge Gerry and Benjamin Waugh), by the editors.
Riis, Jacob A. Children of the Poor. New York, 1892.
Reports of the National Conference of Charities and Correction. Especially 1880, pp. 166-174; 1881, pp. 271-308; 1884, pp. 115-207 and 354 ff..; 1888, pp. 215-235 and 279 ff.; 1889, pp. 1-9.
The Charities Review for March,1898. Several articles concerning dependent children.
Reports of the Children’s Aid Society, New York.

 

The work for children is the most hopeful branch of charitable endeavor. Institutional care results in a very high death rate for infants, and among older children in a failure to develop properly and fully; there is a lack of preparation for ordinary life, the children acquire habits of dependence and lack inventiveness, vitality and energy. “Placing out,” if done with care, gives the child an opportunity for healthful development, and readily makes of him an independent member of the community. The placing out system is perhaps worse than the institutional system unless it. is administered with “an adequate supply of eternal vigilance.”

 

Lecture No. 8.
PHILANTHROPIC FINANCIERING.

 

Reports of the National Conference of Charities and Correction. 1888, paper by Seth Low on Municipal Charities; the reports on state boards of charities in every volume; 1889, paper by Mrs. Lowell.
First Report of the Superintendent of Charities of the District of Columbia, 1891.
Johnson, Alex. Some Incidentals of Quasi-Public Charity. Charities Review, Feb., 1892.
Hobhouse, Arthur. The Dead Hand. London, 1880.
Fitch, J. G. Endowments. Printed in the Proceedings of the College Association. Philadelphia, 1888.
English Blue Books. Returns of the Commissioners of Inquiry into Charities.

 

Passing with nothing more than mention the well-known distinctions between public and private charities, we find, under the head of to-day’s lecture, two subjects of pressing and practical importance. The first is that of endowments. The proper regulation of bequests to charitable institutions is of even more importance in this country than in England, because of the Dartmouth College decision, yet but little attention has been paid to it. We practically give a man who possesses wealth the power of controlling its disposition indefinitely. The experience of European countries admonishes us that this is a distinctly dangerous power to confer. All States should provide for the systematic “visitation” of endowed charities, and give to some public body the power to control their administration. Regulation of holdings in mortmain is more indispensable in institutions for giving material relief than in educational institutions. The latter deal with the intelligent and often with the influential classes, and must, at any rate, compete with one another for students. Institutions affording material relief deal especially with the defenceless classes, and the element of competition is absent.

The second subject of importance is that of public subsidies to private charities. To grant such subsidies is usually at first a cheap method of providing for certain classes of the poor, but eventually results in the multiplication of institutions, in excessive expense, and undesirable entanglements with sects and cliques. It is only allowable when some public official passes upon the indigency of the beneficiaries, and payment is then made to the private institution on the principle of specific payment for specific work. The experience of New York with charities for children, and of Pennsylvania and the District of Columbia with medical charities is especially instructive.

 

Lecture No. 9.
THE CHARITIES OF AMERICAN CITIES.

 

Reference should be made to the Directories of Charities of the leading cities, and especially to the Directory of the Charities of Boston; Directory of the Charities of New York; Directory of the Charities of Baltimore; and the Indianapolis “Charity Year Book.” For comparison see the “Charities Register and Digest” of London.

The charitable systems of cities are of especial importance because the inefficient and the destitute drift to the centres of population. We often hear of the growth of the city population through the coming to the city of farmer boys who make the successful business men of a succeeding generation, and it is maintained that the city must receive this infusion of new blood or it could not continue to exist. But there is another drift towards the cities of the incapable and the destitute. Those who must depend upon others are apt to fare hardly in the isolation of the rural districts. There is what has been called an element of rural hard-heartedness, which drives the destitute to the cities. Some four or five cities in the United States now have such a large number of charitable organizations at work within their limits that is found necessary to publish a directory of charities. In New York the additions and changes are so numerous that an annual edition of this is published. As an indication of what we are coming to, it is perhaps well to compare these small volumes with the Register and Digest of the London charities, a large octavo of nearly 1000 pages.

To study the table of contents of a directory of charities, or the systematic account of the institutions as given in the body of the book, might leave on the mind the false impression that there was something systematic about their arrangement and that they had come into existence according to a prearranged plan. Such is not the case; their various lines of work intersect and overlap each other, and one gets a more correct idea of the heterogeneous mass of charitable agencies by reading an alphabetical list of them.

 

Lecture No. 10.
RECENT EXPERIENCES IN THE ORGANIZATION OF CHARITIES.

(a) Charity Organization:

Gurtean, S. H. A Hand-book of Charity Organization. Buffalo, 1882.
Loch, C. S. Charity Organization. London, 1890.
Crooker, J. H. Problems in American Society, 1889, pp. 105-115.
Lowell, Josephine S. Public Relief and Private Charity. New York, 1884.
Reports of the National Conference of Charities and Correction since 1879.
Reports and publications of the American Charity Organization Societies, especially those of Boston, New York, Buffalo, Baltimore, Philadelphia, New Haven, Indianapolis, and Cincinnati.
Hill, Miss Octavia. Various pamphlets and review articles.
Fields, Mrs. J. T. How to Help the Poor. Boston, 1884.
Pains, Robert Treat, Jr. Work of Volunteer Visitors. Boston, 1880.
Charities Register and Digest. Introduction, 3d edition. London, 1890.
Wines, F. H. The Law of Organic Life: Its Application in Public and Private Charity. An address delivered before the Charity Organization Society of Baltimore, Dec. 1891. Springfield, Ill., 1891.

 

(b) State Boards of Charities:

Reports of the National Conference of Charities and Correction, all volumes.
Reports of the boards of the several states.

 

Public charities are usually co-ordinated by a State board, and the larger cities also have municipal boards of supervision or control. State boards of charities are of two general kinds, first, those having executive power, such as Rhode Island, Wisconsin and Kansas. In these cases the members usually receive a salary. Secondly, boards having powers of supervision and report only, with an unsalaried membership and a salaried secretary who is an expert. The State board should have powers of visitation and report regarding county and city institutions as well as State institutions, and it is better when they can be given powers of visitation over all charitable institutions in the commonwealth, whether such institutions receive public money or not.

Supplementary to the work of the State boards are the State charities aid associations as found in New York and New Jersey. These are supported by private contributions and are made up of volunteer workers with possibly a paid Secretary. The law gives the right of visitation over all public charitable institutions. They are intended to supplement the work of investigation as performed by public officials, and to improve in every possible way the administration of public charities.

The work of co-ordinating all charitable agencies of the cities and towns so as to avoid the overlapping of relief, the perpetration of fraud, and to secure the greatest possible efficiency of the allied agencies, is the work of what is known as a charity organization society. A charity organization society is primarily an animated directory of all the charities of the city in which it exists. It undertakes to secure the harmonious co-operation of all the persons interested in aiding the poor, to see that prompt and fitting relief is found for all cases of genuine distress of whatever kind, so to visit and investigate each applicant for relief so as to secure accurate knowledge of his needs, to register by cases all relief given and all facts learned regarding applicants for relief, to apply correctional influence to all able and unwilling to work, to applicants the poor with friends other than almsgivers, and to undertake the collection and diffusion of knowledge upon all subjects connected with the administration of charity.

 

Conclusion.

Among the hopeful tendencies in modern philanthropic work, may be mentioned the emphasis that is being put upon preventive work, especially in the matter of securing more healthful conditions for the poor, the protection of the young, and the encouragement of charities having the educational element strongly developed. Not as much attention as could be wished has been paid to the matter of enabling the distinctly unfit to become painlessly extinct

In speaking to a company of graduate students, most of whom look forward to professorial careers, it is desirable to indicate the use of courses in social pathology. The matter will receive perhaps its first systematic treatment in the work of section 7, of the International Congress of Charities, Correction and Philanthropy, which will be held in Chicago, next June. From the time that Chalmers delivered his lectures on political economy, and especially on pauperism at the University of Glasgow, and re-enforced them by the practical work of abolishing public out-door relief in his own parish, to the time of Toynbee, and to the present when fully a half-dozen American colleges or universities give systematic instruction in this branch, more or less has been done in this line. Aside from the practical outcome of such instruction and its influence on benevolent work, there is a distinct value in approaching the labor problem, for instance, from the standpoint of the incapable, or the subject of public administration from the point of departure of those institutions where abuses are most frequent.

The specialist must, however, be careful not to mistake his particular study for the whole subject. Social pathology is not social science but only a branch of it.

 

Source: Johns Hopkins University University Circulars. Vol. XII, No. 105 (May, 1893), pp. 73-77.

 

 

 

Categories
Courses Harvard Suggested Reading Syllabus

Harvard. Graduate Mathematical Economics. Goodwin, 1948

In the Fall term of 1948-49 assistant professor Richard M. Goodwin took over the graduate course in Mathematical Economics at Harvard from Wassily Leontief (who last taught the course during the academic year 1946-47).

Earlier postings at Economics in the Rear-View Mirror for Goodwin:

Reading list for a course on business cycles,
Letters from Burbank and Schumpeter on Goodwin’s behalf to Columbia,
and a 1951 Harvard Crimson feature written by the Edward Snowden precursor, Daniel Ellsberg (who leaked the Pentagon Papers in 1971).

Some might see “physics envy” in Goodwin’s selection of reference texts. But do remember, there was hardly a plethora of books on mathematical methods in economics to choose from at that time.

__________________________________

[Course Announcement]

Economics 204b (formerly Economics 104b). Mathematical Economics
Half-course (fall term). Tu., Th., 2:30-4. Assistant Professor Goodwin.

Properly qualified undergraduates will be admitted to this course.

 

Source: Harvard University. Final Announcement of the Courses of Instruction offered by the Faculty of Arts and Sciences for the Academic Year 1948-49, p. 77.

____________________________________

[Course enrollment]

[Economics] 204b (formerly 104b). Mathematical Economics (F). Assistant Professor Goodwin.

2 Graduates, 3 Seniors, 1 Junior, 1 Public Administration, 2 Radcliffe: Total 9

 

Source: Harvard University. Report of the President of Harvard College and Reports of Departments for 1948-49, p. 77.

____________________________________

 

1948-49
Economics 204b

A
Partial Analysis

  1. The Role of Logical and of Empirical Elements in Economics
  2. Power Series and Linear Approximations
  3. Marshallian Static Market
  4. Dynamical Partial Equilibrium with examples of first and second order differential equations
  5. Durable Goods Markets, The Acceleration Principle and Simple Aggregative Mechanisms
  6. The Cob-web Theorem and the Multiplier
    First Order Difference Equations
  7. Inventory Cycles
    Second Order Difference Equations

Reading Assignments:

P. Frank, Foundations of Physics, Parts I, II and Section 14.
P. A. Samuelson, Foundations of Economic Analysis, Chs. I, II, IX, and X, pp. 302-307
Marshall, Principles of Economics, Book V, Ch. I, II, III
R. Frisch, “The Interrelation between Capital Production and Consumer Taking”, Journal of Political Economy, 1931.
M. Ezekiel, “The Cob-web Theorem,” in Readings in Business Cycle Theory
R. M. Goodwin, “The Multiplier,” in The New Economics, ed. S. E. Harris
L. A. Metzler, “The Nature and Stability of Inventory Cycles,” Review of Economic Statistics, 1941.
Ibid., “Factors Governing the Length of Inventory Cycles,” Review of economic Statistics, 1947.

 

B
General Interdependence

  1. The Leontief Matrix, Linear Systems
  2. The Multiplier as Matrix: Static Analysis, Inhomogeneous Systems
  3. The Multiplier as Matrix: Dynamic Analysis, Dynamical Difference Equation Systems
  4. Linear Dynamic Systems in Economics

Reading Assignments:

T. Haavelmo, “The Interdependence Between Agriculture and the National Economy, J.F.E. [Journal of Farm Economics], 1947.
W. Leontief, The Structure of the American Economy, pp. 1-42.
Ibid., “Output, Employment, Consumption, and Investment,” Q.J.E., 1944.
R. M. Goodwin, “Dynamical Coupling,” Econometrica, 1947.

Reading Period: (Read all of the following)

J. Tinbergen, “Econometric Business Cycle Research,” in Readings in Business Cycle Theory.
P. A. Samuelson, “Interactions between the Multiplier Analysis and the Principle of Acceleration,” in Readings.
Ibid., “Dynamic Process Analysis,” in A Survey of Contemporary Economics, ed. by H. S. Ellis.
Ibid., Foundations of Economic Analysis, Chs. XI and XII.

 

[Handwritten on back of library copy
of reading list by Richard M. Goodwin]

To be put on reserve for
Ec 204b

A. C. Aitken, Determinants and Matrices
F. L. Griffin, Introduction to Mathematical Analysis
R. Courant, Differential and Integral Calculus vol I and II
L. A. Pipes, Applied Mathematics for Engineers and Physicists
R. G. D. Allen, Mathematical Analysis for Economists
P. A. Samuelson, Foundations of Economic Analysis

____________________________________

 

[Handwritten note by Richard M. Goodwin]

 

Oct. 22, 1948

Reading Room
Widener Lib.

Dear Sirs:

I would like to have the following books put on reserve for Economics 204b.

A. C. Aitken, Determinants and Matrices
R. Courant, Differential and Integral Calculus vol I and II
L. A. Pipes, Applied Mathematics for Engineers
R. G. D. Allen, Mathematical Analysis for Economists
P. A. Samuelson, Foundations of Economic Analysis
P. Frank, Foundations of Physics
S. Harris, editor, The New Economics

Thanking you, I am

Sincerely

[signed]
Richard M. Goodwin

 

Source: Harvard University Archives. . Syllabi, course outlines and reading lists in Economics, 1895-2003 (HUC 8522.2.1), Box 4, Folder “Economics 1948-1949 (2 of 2)”.

Image Source: Harvard Album, 1946.

 

Categories
Courses Harvard Suggested Reading Syllabus

Harvard. Advanced Economic Theory. William Fellner, 1950-51

As mentioned in the previous posting, William Fellner of the University of California was called in to fill for Wassily Leontief’s graduate course in Advanced Economic Theory during the academic year 1950-51 at Harvard. Another course taught by Fellner that year was history of economics for undergraduates. Still only available in libraries or from used-book dealers is the 1992 “Bio-Bibliography” of William J. Fellner by James N. Marshall. Of course “Bio” means “biography” here.

_____________________________________

If you find this posting interesting, here is the complete list of “artifacts” from the history of economics I have assembled. You can subscribe to Economics in the Rear-View Mirror below. There is also an opportunity for comment following each posting….

_____________________________________

[Course Announcement]

Economics 202 (formerly Economics 102a and 102b). Advanced Economic Theory
Full course. Tu., Th., and (at the pleasure of the instructor) Sat., at 11. Professor Fellner (University of California).

Economics 201 or an equivalent training is a prerequisite for this course. Other properly qualified students must obtain permission to register from the instructor.

 

Source:  Final Announcement of the Courses of Instruction Offered by the Faculty of Arts and Sciences During 1950-51. Official Register of Harvard University, Vol. XLVII, No. 23 (September, 1950) , p. 83.

________________________________________

1950-51
Economics 202
Fall Term

Value Theory (Costs of Production, Demand, Principles of Pricing under Various Market Structures, and the Bearing of These on Welfare Problems)

The list of readings is not final. It will be adjusted to the classroom discussion. Some readings will be assigned, others recommended.

 

  1. Difficulty of “placing” the economies of the Western world in terms of concepts such as capitalism, socialism, individualism, collectivism, etc. Problems arising for theory from the multiplicity of more or less rigidly (or loosely) organized groups.

 

  1. Costs of Production

Production functions, the law of variable proportions.

Cost functions of single-plant firms, of multiple-plant firms and of industries. Short and long-run analysis. Internal and external economies. Relationship between supply functions and cost functions. The particular expenses function. The demand for factors of production. Technological and organizational improvement.

Readings:

Cassels, The Law of Variable Proportions (in Explorations in economics, Essays in Honor of F. W. Taussig).
Hicks, Value and Capital, Chs. 6 and 7.
Viner, Cost Curves and Supply Curves (reprinted from Zeitschrift fuer Nationaloekonomie, 1931).
Harrod, Doctrines of Imperfect Competition (reprinted from Q.J.E.)
Stigler, Production and Distribution in the Short-run (Readings in the Theory of Income Distribution).
Chamberlin, Proportionality, Divisibility and Economies of Scale (Q.J.E., February 1948).
Patinkin, Multiple-Plant Firms, Cartels and Imperfect Competition, (Q.J.E., February 1947).
Joan Robinson, The Economics of Imperfect Competition, Ch. 10 and Ch. 20.
Marshall, Principles of Economics, Appendix H.
National Bureau of Economic Research, Cost Behavior and Price Policy, Ch. 5.

  1. Demand Functions

The assumption of rational consumer behavior. Marginal utility and the indifference curve approach. The measurability problem. Consumer surplus. Complementarity and the rival relationship. Marginal utility of money. The significance of price-elasticity and of income-elasticity. Inferiority and the Giffen Effect. How much validity is there in criticisms of the rationality assumption?

Readings:

Marshall, Principles of Economics, Book IV.
Hicks, Value and Capital, Part I.
Henderson, Consumer Surplus and the Compensating Variation, Review of Economic Studies, February 1941.
Friedman-Savage, Utility of Choices Involving Risk, J.P.E., August 1948.
V. Neumann-Morgenstern, The Theory of Games, pp. 15-20.
Veblen, Marginal Utility Economics (in The Place of Science in Modern Civilization).

 

  1. Market Structures (monopoly, competition, monopolistic competition in large and small groups)

The industry concept and various measures of relationships between firms. The relationship between the size of the market and the size of the firm. The dependence of this relationship on real economies of scale, on exploitative advantages of scale, and on product-differentiation. The bearing of these on welfare. The concept of profit-maximization in various market-structures. Limitations of profit-maximization. “Institutional” considerations.

Readings:

Chamberlin, The Theory of Monopolistic Competition.
Joan Robinson, Economics of Imperfect Competition, Book V.
Fellner, Competition Among the Few, Chs. 1 (incl. Appendix) and 4 through 9.
Sweezy, Demand under Conditions of Oligopoly, J.P.E., June 1939.
Lerner, The Concept of Monopoly and the Measurement of Monopoly Power, Review of Economic Studies, June 1934.
(Possibly also Rothschild, Economica, February 1942, and Bain, ibid, February 1943).
Buchanan, Advertising Expenditures: A Suggested Treatment, J.P.E., August 1942.
Marschak, Neumann and Morgenstern on Static Economics, Journal of Political Economy, April 1948 (reprinted in Cowles Commission Papers No. 13).
Ellis (ed.), Survey of Contemporary Economics, Ch. 1 (Haley).
National Bureau of Economic Research, Cost Behavior and Price Policy (Sections in Chs. 9-11).

 

  1. The Nature of the General Equilibrium Approach

The coexistence (for methodological reasons) of two types of General Equilibrium approach. Difficulties arising from this. Characterization of the general theory of allocation, given the level of aggregate activity; and of the theory of the determinants of aggregate activity. Brief discussion of the first (the second will presumably be left to the Spring Term).

Readings:

Stigler, Theories of Production and Distribution, Chapter on Walras.
Leontief, Output, Employment, Consumption and Investment, Q.J.E., February 1944.
(Probably also assignments in Phelps-Brown, The Framework of the Pricing System).

__________________________________________

Econ. 202B (Spring Term) [1950-51]

Employment Theory (including introduction to National Income Concepts) and the Theory of Distribution

The list of readings is not final. It will be adjusted to the classroom discussion. Some readings will be assigned, others recommended.

I

Introductory discussion of the changing content of concepts expressing the “net” yield of economic activity. References to Quesnay, Smith (W. of N. Book II Chs. 2 and 3), Ricardo (Principles Ch. 26), Marx, Fisher (Nat. of Cap. and Int. Ch. 7), Pigou (Ec. of Welfare, Book I Chs. 1-8).

 

II

Determinants of aggregate output and employment in terms of “savings-investment” concepts such as the Wicksellian, Robertsonian, Keynesian. Translation of the analysis into terms of contemporary national income concepts. The savings-investment approach and the velocity approach. The search for links between value theory and the aggregative approach.

Readings:

Keynes, General Theory of Employment, Interest and Money; and The Ex-ante Theory of the Rate of Interest, Economic Journal, December 1937.
Ellis, (ed.), Survey of Contemporary Economics, Ch. 2; Ch. 8
Lange, The Rate of Interest and the Optimum Propensity to Consume (Readings in Business Cycle Theory).
Robertson, Saving and Hoarding (Economic Journal, September 1933).
Survey of Current Business, July 1947 Supplement.
Angell, Investment and Business Cycles (Chs. 9 and 11 and appendix on income velocity.

 

III.

Bearing of national income concepts on welfare problems. How near can we get to a directly relevant welfare judgment by using “objective” data of this sort? The main qualifications (changes in tastes, distribution, working conditions, natural resources, difficulties inherent in “net” income concepts, etc.). Long-run trends.

Readings:

Pigou, The Economics of Welfare, Part I, Chs. 1-8.
Fisher, The Nature of Capital and Income, Ch. 7.
The Hicks-Kuznets discussion in Economica, May 1940; February, May and August 1948 (only specific sections will be covered)
Kuznets, National Product Since 1869 (sections relating to long-run trends in terms of “overlapping decades”).

 

IV

The statistically distinguished income shares (their short- and long-run behavior); the problem of the functional shares proper.

Readings:

Annual Report of the Council of Economic Advisers (sections in text and appendix relating to distribution in terms of compensation of employees, income of individual owners, corporate profits, etc.)
Fisher, The Theory of Interest, Chs. 5-11.
Boehm-Bawerk, The Positive Theory of Capital, Book V (mainly Chs. 3-5).
Robertson, Mr. Keynes and the Rate of Interest (Readings in the Theory of Income Distribution).
Hicks, Value and Capital, Ch. 12.
Hicks, The Theory of Wages, Ch. 5.
Fellner, Competition Among the Few, Ch. 10, and pp. 311-328).
Knight, Capital and Interest; and Monetary Policies and Full Employment, pp. 152-166 (Readings in the Theory of Income Distribution).
Knight, Risk, Uncertainty and Profit, Ch. 7.
Schumpeter, The Theory of Economic Development, Ch. 4.; and references to Business Cycles.

 

V

The meaning of the functional-distribution problem on the one hand and of distribution by size of income on the other.

Readings:

Selma F. Goldsmith, Statistical Information on the Distribution of Income by Size in the United States, A.E.R., May 1950, Papers and Proceedings
Annual Report of the Council of Economic Advisers

 

Source: Harvard University Archives. Syllabi, course outlines and reading lists in Economics, 1895-2003 (HUC 8522.2.1), Box 5, Folder “Economics 1950-1951 (2 of 2)”.

Image Source: AEA portrait of William Fellner, Number 71 of a series of photographs of past presidents of the Association, in American Economic Review, Vol. 60, No. 1 (1970).

Categories
Chicago Courses Exam Questions Suggested Reading Syllabus

Chicago. Economic Doctrine, Modern Tendencies. Lange, 1942

“Modern Tendencies in Economic Economic Doctrine” was the title of the course taught by Oscar Lange in 1942 at the University of Chicago. According to the notes to the course taken by Norman Kaplan, the first two lectures appear to be Lange’s Apologia for the rationality postulate in modern economic theory that are then followed by lectures in which many themes of Hicks’ Value and Capital are addressed. Karl Marx, Max Weber and Talcott Parsons all get mention in his reflections on the rationality postulate. One can characterise Lange’s mission here and elsewhere as seeking to graft advances in economic theory from the marginal revolution that led to neoclassical economics to the trunk of (Marxian) classical economics.

______________________

If you find this posting interesting, here is the complete list of “artifacts” from the history of economics I have assembled. You can subscribe to Economics in the Rear-View Mirror below. There is also an opportunity for comment following each posting….

_____________________________________

 

[Course Announcement, Economics 303, Spring 1942]

303. Modern Tendencies in Economic Doctrine.—A critical study of controversial questions in the general body of economic theory, and of some modern developments of that theory. The fundamentals of the theory of general equilibrium, the approach to dynamic economics, the foundations of welfare economics, the place of economics among the social sciences and problems of methodology will be discussed. Prerequisite: Economics 301 or equivalent. Spring, Tu., Th., 3:30-5:30, Lange.

 

Source: University of Chicago, The College and the Divisions for the Sessions of 1941-1942. Announcements Vol. XLI, No. 10 (April 25, 1941), p 307.

_____________________________________

Spring, 1942

ECONOMICS 303
BIBLIOGRAPHY

Required

J. R. Hicks. Value and Capital

H. Schultz. Theory and Measurement of Demand, chap. vi

J. Dean. “Department-Store Cost Functions,” Studies in Mathematical Economic and Econometrics, p. 222.

F. Lindahl. Studies in the Theory of Money and Capital, part I [(handwritten marginal note: (Read along with dynamic part of Hicks)]

H. Makower and J. Marschak. “Money and the Theory of Assets,” Economica (Aug. 1938)

M. Kalecki. “The Principle of Increasing Risk,” Essays in the Theory of Economic Fluctuations

G. L. S. Shackle. “Expectations and Employment,” Econ. J. (Sept. 1939)

________________. “The Nature of the Inducement to Invest,” RES (Oct. 1940)

A. G. Hart. “Uncertainty and Inducements to Invest,” RES (Oct. 1940)

T. Scitovszky. “A Study of Interest and Capital,” Economica (Aug. 1940)

J. Tinbergen. “Econometric Business Cycle Research,” RES (Feb. 1940)

R. F. Harrod. “Essay in Dynamic Theory,” Econ. J. (March 1939)

R. F. Kahn. “Some Notes on Ideal Output,” Econ. J. (March 1935)

N. Kaldor. “Welfare Propositions and Inter-Personal Comparability of Utility,” Econ. J. (Sept. 1939)

J. R. Hicks. “The Foundations of Welfare Economics,” Econ. J. (Dec. 1939)

A. P. Lerner. “From Vulgar Political Economy to Vulgar Marxism,” JPE (Aug. 1939)

H. D. Dickinson. “A Comparison of Marxian and Bourgeois Economics,” The Highway 1937

Eric Roll. “The Social Significance of Recent Trends in Economic Theory,” Canadian J. of Economics (Aug. 1940)

 

Optional

F. H. Knight. Risk, Uncertainty and Profit

G. Tintner. “A Contributionof the Non-Static Theory of Choice,” QJE (Feb. 1942)

A. G. Hart. “Anticipations, Uncertainty and Dynamic Planning,” J. of Business of the U. of C. (Oct. 1940)

J. R. Hicks. “A Suggestion for the Simplification of the Theory of Money,” Economica (1935)

P. N. Rosenstein-Rodan. “The Co-ordination of the General Theories of Money and Prices,” Economica (Aug. 1936)

J. Tinbergen. A Method and its Application to Investment Activity, League of Nations

H. D. Dickinson. The Economics of Socialism

M. H. Dobb. Political Economy and Capitalism

A. P. Lerner. “Statics and Dynamics in Socialist Economics,” Econ. J. (June 1937)

Talcott Parsons. The Structure of Social Action, chap. iv

_____________________________________

ECONOMICS 303
Spring, 1942

 

I. Discuss briefly the relation of the analysis of consumers’ behavior in terms of indifference curves and in terms of traditional marginal utility theory. Explain

(1) the concept of the marginal rate of substitution and its relation to marginal utility.

(2) the relation between the law of diminishing marginal utility and the convexity (toward the origin) of indifference curves.

(3) the assumptions underlying measurability of utility.

(4) the consequences which dispensing with the hypothesis that utility is measurable has for the law of diminishing marginal utility and for the Edgeworth-Pareto distinction between substitute, independent and complementary commodities.

(5) whether the use of indifference curves and of the marginal rate of substitution requires that utility be immeasurable.

 

II. Explain the difference between “co-operant” factors of production in the sense of Pigou (i.e., “complementary” factors in the sense of Edgeworth-Pareto) and complementary factors in the sense of Hicks-Allen-Schultz. Show why in the case of only two factors used to produce a product both definitions are equivalent but cease to be so if more than two factors are used. What is the purpose of replacing in the theory of production “co-operancy” by complementarity in the Hicks-Allen sense?

 

III. Describe the way in which uncertainty of price expectations influences the production plans of firms and the consumption plans of households. Explain

(1) what features of uncertain price expectations influence the planning of sales and purchases.

(2) apply your explanation to the determination of forward prices.

(3) discuss how uncertainty influences the length of the economic horizon and how this accounts for the insensitiveness of current investment to changes in interest rates.

 

IV. State the conditions of stability of general economic equilibrium and try to link them up with the relation of changes in the quantity of money to changes in the demand for cash balances. Don’t worry if you cannot answer the second part of the question. If you can answer it, give an example of a behavior of the monetary system which will make general equilibrium unstable.

 

Source: University of Chicago Archives. Norman Kaplan Papers, Box 2, Folder 6.

Image source: Wikipedia/commons.

Categories
Bibliography Courses Harvard Suggested Reading Syllabus Undergraduate

Harvard. Empirical Economics. Orcutt, 1950

This is the second batch of material I post from Guy Henderson Orcutt’s undergraduate course Economics 110 at Harvard. His bibliography on the scientific method was included in the previous posting.

A four item reading list for Economics 110 in 1949-50 and a selective reading list (Part I, no part II in the folder) for the 1950-51 course have been transcribed for this posting.

One more bibliographic list is filed under 1949-50, Economics 110: “A Bibliography of Statistical or Inductive Studies of the Determinants of Imports or Exports”. That bibliography is identical to Appendix 4B of Orcutt’s famous paper, Measurement of Price Elasticites in International Trade (Review of Economics and Statistics, Vol. 32, No. 2. May, 1950), 117-132. This material was explicitly discussed in the academic year 1950-51 in the course in Economics 210b (see Orcutt’s course offerings below).

______________________

If you find this posting interesting, here is the complete list of “artifacts” from the history of economics I have assembled. You can subscribe to Economics in the Rear-View Mirror below. There is also an opportunity for comment following each posting….

______________________________________

1949-50
Economics 110
Reading List

(Additions will be made to this list)

Henry Schultz—The Theory and Measurement of Demand, University of Chicago Press, 1938.

William H. Nicholls—Labor Productivity Functions in Meat Packing, University of Chicago Press, 1948.

Dale Yoder, D. G. Paterson, et al—Local Labor Market Research, University of Minnesota Press, 1948.

Jacob MarschakIntroduction to Econometrics, Mimeographed lectures (Buffalo and Chicago). Only about two dozen copies are still available. They can be mailed for $2.25 a copy plus postage. To obtain them write the Cowles Commission, University of Chicago, Chicago 37, Illinois. I expect to use this book for Economics 110 and Economics 125b this semester and for mathematical economics next fall.

 

Source:   Harvard University Archives. Syllabi, course outlines and reading lists in Economics, 1895-2003. Box 4, Folder “Economics, 1949-50, (1 of 3)”

______________________________________

 

[Course offerings 1950-51: Orcutt’s Empirical Economics]

Economics 110a. Empirical Economics: National Income and Business Fluctuations

Half-course (fall term). Tu., Th., and (at the pleasure of the instructor) Sat., at 12. Assistant Professor Orcutt.

This course will deal with the empirical foundations of economic theory in the fields of national income and business fluctuations, The methods by which various types of prediction are attempted will be given considerable attention.

 

[Economics 110b. Empirical Economics: The Price Mechanism]

Half-course (fall term). Tu., Th., and (at the pleasure of the instructor) Sat., at 12. Assistant Professor Orcutt.

Omitted in 1950-51; to be given in 1951-52.

This course will deal with the empirical foundations of economic theory concerning the functioning of the price mechanism. The agricultural and foreign trade sectors will receive particular attention.
Properly qualified undergraduates will be admitted Economics 210b.

 

Economics 210a. Empirical Economics: National Income and Business Fluctuations
Half-course (fall term). Mon., Wed., and (at the pleasure of the instructor) Fri., at 11. Assistant Professor Orcutt.

This course will deal with the problems and techniques of testing economic theory and of prediction in the fields of national income and business fluctuations.

 

Economics 210b. Empirical Economics: The Price Mechanism

Half-course (spring term). Mon., Wed., and (at the pleasure of the instructor) Fri., at 11. Assistant Professor Orcutt.

This course will deal with the problems and techniques of testing economic theories and predictions concerning the functioning of the price mechanism. The agricultural and foreign trade sectors will receive particular attention. Properly qualified undergraduates will be admitted to this course.

 

Source. Final Announcement of the Courses of Instruction Offered by the Faculty of Arts and Sciences During 1950-51. Official Register of Harvard University, Vol. XLVII, No. 23 (September, 1950) , pp. 80, 84.

______________________________________

 

A Selected List of Readings Relevant to
Economics 110a and 210a
Part I

Asher Achinstein, Introduction to Business Cycles, Thomas Y. Crowell Company, 1950

John Maurice Clark, Strategic Factors in Business Cycles, National Bureau of Economic Research (1935), reprinted Augustus M. Kelley, Inc., 1949
http://papers.nber.org/books/clar34-1

James Duesenberry, Income, Saving and the Theory of Consumer Behavior, Harvard University Press, 1949

William J. Fellner, Monetary Policies and Full Employment, University of California Press, 1946

Edwin Frickey, Economic Fluctuations in the United States, Harvard University Press, 1942

Gottfried Haberler, Prosperity and Depression, 3rd ed., 1943, reprinted by United Nations, 1946

P. M. Hauser and W. R. Leonard, Government Statistics for Business Use, John Wiley and Sons, New York, 1946

J. R. Hicks, A Contribution to the Theory of the Trade Cycle, Clarendon Press, Oxford, 1950

Lawrence R. Klein, Economic Fluctuations in the United States, 1921-1941, John Wiley and Sons, New York, 1950

Tjalling C. Koopmans and others, Statistical Inference in Dynamic Economic Models, John Wiley and Sons, New York, 1950

Wassily Leontief, Structure of the American Economy, 1919-1929, Harvard University Press, 1941

Jacob Marschak, Introduction to Econometrics, Cowles Commission, University of Chicago, 1949

A. F. Burns and Wesley C. Mitchell, Measuring Business Cycles, National Bureau of Economic Research, 1946

Oskar Morgenstern, On the Accuracy of Economic Observations, Princeton University Press, 1950

Philip Neff and Annette Weifenbach, Business Cycles in selected Industrial Areas, University of California Press, 1949

W. Nelson Peach and Walter Krause, Basic Data of the American Economy, 3rd ed., Richard D. Irwin, Inc., Chicago

D. H. Robertson, A Study of Industrial Fluctuation, 1915, reprinted by London School of Economics and Political Science, 1948

Richard Ruggles, An Introduction to National Income and Income Analysis, McGraw-Hill, Inc., 1949

J. Tinbergen, Statistical Testing of Business-Cycle Theories, Vol. I, “A Method and Its Application to Investment Activity,” Vol. II, “Business Cycles in the United States of America, 1919-1932,” League of Nations Economic Intelligence Service, Geneva, 1939

J. Tinbergen and J. J. Polak, The Dynamics of Business Cycles, University of Chicago Press, 1950

U.S. Department of Commerce, Bureau of the Census, Historical Statistics of the United States, 1789-1945

Thomas Wilson, Fluctuations in Income and Employment (3rd ed.), Pitman Publishing Company, New York, 1949

 

 

Source:   Harvard University Archives. Syllabi, course outlines and reading lists in Economics, 1895-2003. Box 4, Folder “Economics, 1949-50, (1 of 3)”

Image Source: Cropped from portrait in Harold W. Watts (1991). Distinguished Fellow: An Appreciation of Guy Orcutt. Journal of Economic Perspectives, Vol. 5, No. 1, Winter, pp. 171-179.

 

 

Categories
Bibliography Courses Harvard History of Economics Suggested Reading Syllabus Undergraduate

Harvard. History of Economic Thought. Fellner, 1950

 

 

To William John Fellner (1905-1983) I personally owe my career-long interest in the history of economics. He agreed to meet with me for a year in a one-on-one tutorial upon my request since Yale did not offer a course in the history of economics then (1971-72). 

I discovered the following Harvard syllabus that I only recently realized was for a course actually given by my mentor, apparently to help satisfy the continuing demand of Harvard undergraduates for history of economics following Schumpeter’s death in January 1950.

Because I owe so much to William Fellner, in his honor I have gone to the trouble of providing links to as many of the items on his syllabus and bibliography as I could find (in a half-day).

Between us, this is not a particulary well-crafted or imaginative selection of assigned readings and the bibliography is clearly a rush-job. But this nonetheless demonstrates that Fellner was on a mission to integrate the history of economics with the teaching of the principles of economics which he did at Yale through ca. 1970 as reflected in his book Emergence and Content of Modern Economic Analysis, New York: McGraw-Hill, 1960.

______________________________________

If you find this posting interesting, here is the complete list of “artifacts” from the history of economics I have assembled. You can subscribe to Economics in the Rear-View Mirror below. There is also an opportunity for comment following each posting….

______________________________________

 

Economics 100.
History of Economic Thought

Half-course (fall term). Tu., Th., and (at the pleasure of the instructor) Sat., at 9. Professor Fellner (University of California).

 

Source: Official Register of Harvard University. Vol. XLVII, No. 23 (September 1950): Final Announcement of the Courses of Instruction Offered by the Faculty of the Arts and Sciences During 1950-51, p. 79.

______________________________________

 

1950-51
Economics 100
Fall Term

History of Economic Thought

In addition to the textbook assignments here listed, students will be required to do some amount of reading in the works of the writers who will be discussed in the course. The students will have a limited range of choice in this respect.

The textbook assignments here listed are not quite final. Some adjustments will presumably be made to include writers who will be discussed in the course but are not covered, or are covered inadequately, by the present assignments. Also, Assignment XI is too long and will be shortened so as to have it correspond to the classroom discussion.

 

I. Economic Ideas of Greek Philosophers

Gray, Ch. 1

II. Economic Ideas of St. Thomas Aquinas

Gray, Ch. 2

III. Mercantilism

Gray, Ch. 3

IV. The Physiocrats

Gide-Rist, Book I, Ch. 1

V. Adam Smith

Gide-Rist, Book I, Ch. 2

VI. Malthus and Ricardo

Gide-Rist, Book I, Ch. 3

VII. Early Expressions of “Neo-classical” Ideas

Gray, Ch. 7, pp. 190-197; Ch. 8, pp. 238-248; Ch. 10, pp. 266-277.

VIII. Mill

Gide-Rist, Book III, Ch. 2

IX. Protectionist Views and the National Outlook

Gray, Ch. 8, pp. 227-238; Ch. 9, pp. 248-260.

X. Forerunners of Socialism (Simondi; the Ricardian Socialists)

Gide-Rist, Book II, Ch. 1

XI. French Pre-Marxian Socialists

Gide-Rist, Book II, Chs. 2, 3, and 5.

XII. Marxism

Gray, Ch. 11 and Roll’s chapter on Marx

XIII. The Historical School and Institutionalism

Gide-Rist, Book IV, Ch. 1

XIV. Early Expressions of the Welfare State Ideology

Gide-Rist, Book IX, Ch. 2, Ch. 4

XV. The Neo-classical School

Gray, Ch. 12

XVI. Neo-classical, Historical-Institutionalist and Socialist Influences on Contemporary Thought

______________________________________

1950-51
Economics 100
History of Economic Thought

List of Books and Articles

I. General

Encyclopedia of the Social Sciences (Edwin R. A. Seligman, Ed.: Alvin Johnson, Assoc. Ed.) [Vol. I; Vol. II ; Vol. III ; Vols.III & IV ; Vol. V ; Vols. VI & VI ; Vol. VII ; Vol. VIII ; Vol. IX ; Vol. X ; Vol. XI ; Vols. XI & XII ; Vol. XIII ; Vols. XIII & XIV ; Vol. XV .
Gide, Charles and Rist, Charles, History of Economic Doctrines
Gray, Alexander, The Development of Economic Doctrine
Haney, Lewis H., History of Economic Thought
Roll, Eric, A History of Economic Thought
Whittaker, Edmund, History of Economic Ideas [Schools and Streams of Economic Thought (1960)]
Schumpeter, Joseph, Epochen der Dogmengeschichte [1954 English translation]

II. On Problems of Methodology

Schumpeter, Joseph, Science and Ideology, American Economic Review, March 1949
Keynes, John Neville, Scope and Method of Political Economy
Robbins, Lionel, Essay on the Nature and Significance of Economic Science
Hutcheson, T. W., Significance and Basic Postulates of Economic Theory
Boehm-Bawerk, E. v., The Historical vs. the Deductive Method in Political Economy. Annals of the American Academy of Political and Social Science, 1890
Cairnes, J. E., The Character and Logical Method of Political Economy
Senior, Nassau W., Four Introductory Lectures on Political Economy
Sidgwick, Henry, Scope and Method of Economic Science
Bagehot, Walter, Economic Studies
Myrdal, Gunnar, Das politische Element in der nationaloekonomischen [Doktrinbildung]

II. On Specific Topics

O’Brien, G., An Essay on Mediaeval Economic Teaching
Laistner, M. L. W., Greek Economics
Tawney, R. H., Religion and the Rise of Capitalism
Boehm-Bawerk, E. v., Capital and Interest
Heckscher, Eli F., Mercantilism [Volume I; Volume II]
Horrocks, J. W., A Short History of Mercantilism
Hull, Charles H., Petty’s Place in Economic Theory, Q. J. E., 1900
Monroe, A. E., Monetary Theory before Adam Smith
Johnson, E. A. J., Predecessors of Adam Smith
Schmoller, Gustav, The Mercantile System and Its Historical Significance
Angell, James W., The Theory of International Prices
Viner, Jacob, Studies in the Theory of International Trade
Higgs, H., The Physiocrats
Oncken, August, Geschichte der Nationaloekonomie (on the Physiocrats)
Spengler, J. J., The Physiocrats and Say’s Law of Markets, Journal of Political Economy, September and December, 1945.
Rae, John, The Life of Adam Smith
Bonar, James, Malthus and his Work
Bowley, Marian, Nassau Senior and Classical Economics
Viner, Jacob, Bentham and Mill, American Economic Review, March 1949
Knight, F. H., The Ricardian Theory of Production and Distribution (Canadian Journal of Economics, 1935)
Williams, John H. The Theory of International Trade Reconsidered (Economic Journal, 1929)
Dicey, A. V., Law and Public Opinion in England
Cannan, Edwin, Theories of Production and Distribution
Stephen, Leslie, The English Utilitarians [Vol I Jeremy Bentham; Vol II James Mill; Vol III John Stuart Mill]
Halevy, Elie, The Growth of Philosophic Radicalism
Schumpeter, Joseph, The Communist Manifesto in Sociology and Economics, Journal of Political Economy, June 1949
Kautsky, Karl, The Economic Doctrine of Karl Marx [German original]
Carr, E. H., Karl Marx: A Study in Fanaticism
Mehring, Franz, Karl Marx
Keynes, J. M., Essays in Biography (Alfred Marshall)
Boehm-Bawerk, E. v., Karl Marx and the Close of His System
Schumpeter, Joseph A., Capitalism, Socialism and Democracy
Gray, Alexander, The Socialist Tradition
Sweezy, Paul, The Theory of Capitalist Development
Croce, Benedetto, Historical Materialism
Stigler, George J., Theories of Production and Distribution
Schumpeter, Joseph, Vilfredo Pareto, Q.J.E., May 1949
Mulcahy, Richard E., The Welfare Economics of Heinrich Pesch, Q.J.E., August, 1949

IV. Some Important Works in the History of Economic Thought

St. Thomas Aquinas, Summa Theologica
Monroe, A. E., Early Economic Thought
Petty, Economic Writings of Sir William Petty, edited by Charles Henry Hull
King, Two Tracts of Gregory King, edited by George E. Barnett
Steuart, Sir James, Principles of Political Economy
Quesnay, François, Oeuvres Économiques et Philosophiques
Hume, David, Political Discourses
Smith, Adam, The Theory of Moral Sentiments
Malthus, T. R., Essay on Population (7th ed.) [eighth edition]
Malthus, T. R., Parallel chapters from the first and second edition of the “Essay” (edited by W. J. Ashley)
Malthus, T. R., Principles of Political Economy
Ricardo, David, Political Works (Ed. J. R. McCulloch, with a short biography by idem)
Ricardo, David, Principles of Political Economy
Ricardo, David, Letters of David Ricardo to the Rev. T. R. Malthus
Say, Jean Baptiste, Traité d’Économie Politique [2nd ed. 1814]
Say, Letters of J. B. Say to the Rev. T. R. Malthus
Sismondi, S. de, Nouveaux Principes d’Économie Politique
Senior, Nassau William, Outline of Political Economy
Carey, Henry Charles, Principles of Political Economy
List, Friedrich, Das Nationale System der politischen Oekonomie [German; 1909 English translation]
Cournot, Augustin, Researches into the Mathematical Principles of the Theory of Wealth (N. Bacon, translator)
von Thuenen, Heinrich, Der Isolierte Staat
Mill, John Stuart, Principles of Political Economy
Mill, John Stuart, Autobiography
Smith, Adam, An Inquiry into the Nature and Causes of the Wealth of Nations
Cairnes, J. E., Some Leading Principles of Political Economy
Mill, John Stuart, Dissertations and Discussions [Vol. I ; Vol. II ; Vol. III ; Vol. IV]
Marx, Karl, Capital
Marx, Karl, Capital and other works (Selections)
Marx and Engels, The Correspondence of Marx and Engels, 1846-95 (collected by the Marx-Lenin Institute)
Marx and Engels, Manifesto of the Communist Party
Hilferding, Rudolf, Das Finanzkapital
Luxemburg, Rosa, Die Akkumulation des Kapitals
Lenin (Vladimir Ulianov), Imperialism; The State and the Revolution
Gossen, Hermann Heinrich, Entwicklung der Gesetze des menschlichen Verkehrs
Jevons, W. S., The Theory of Political Economy (2nd or later edition)
Menger, Carl, Grundsaetze der Volkswirtschaftslehre
Walras, Leon, Élements d’Économie Politique Pure
Pareto, Vilfredo, Manuel d’Économie Politique
Pareto, Vilfredo, The Mind and Society (A. Livingston, Ed.) [Vol. I & Vol. II ; Vols. III & IV]
Boehm-Bawerk, E. v., Capital and Interest; and The Positive Theory of Capital
Wieser, F. v., Natural Value
Marshall, Alfred, Principles of Economics
Marshall, Alfred, Money, Credit and Commerce
Marshall, Alfred, Official Papers
Wicksteed, Philip, Commonsense of Political Economy
Wicksteed, Philip, The Coordination of the Laws of Distribution
Wicksell, Knut, Lectures on Political Economy [Vol. I ; Vol. II], [German translation 1913]
George, Henry, Poverty and Progress
Walker, Francis A., The Wages Question
Clark, J. B., The Distribution of Wealth
Clark, J. B., Essentials of Economic Theory
Fisher, Irving, The Purchasing Power of Money
Fisher, Irving, The Theory of Interest
Davenport, H. J., The Economics of Enterprise
Davenport, H. J., Value and Distribution
Veblen, Thorstein, The Theory of Business Enterprise
Veblen, Thorstein, The Place of Science in Civilization
Commons, John R., Institutional Economics
Schmoller, Gustav, Grundriss der allgemeinen Volkswirtschaftslehre [Erster Teil (1908); Zweiter Teil (1904)]
Wagner, Adolf, Grundlegung der Politischen Oekonomie [Vol. I, part 1. 1892, 3ed. ; (Vol 1, part 2. 1894 3ed]
Weber, Max, Theory of Social and Economic Organization
Rerum Novarum (Papal encyclical of May 15, 1891, Leo XIII)
Quadragesimo Anno (Papal encyclical of May 15, 1931, Pius XI)

 

Source: Harvard University Archives. Syllabi, course outlines and reading lists in Economics, 1895-2003 (HUC 8522.2.1), Box 5, Folder “Economics, 1950-1951, (1 of 2)”.

Image Source: AEA portrait of William Fellner, Number 71 of a series of photographs of past presidents of the Association, in American Economic Review, Vol. 60, No. 1 (1970).

 

 

Categories
Courses Economic History Harvard Suggested Reading Syllabus

Harvard. Economic History of the U.S., Gay and Klein, 1911.

During the academic year 1910-11 at Harvard, a pair of economic history courses were offered by Professor Edwin Francis Gay, assisted by a history department instructor, Julius Klein, who would go on to complete his Ph.D. in 1915. The first term course, Economics 6a, was dedicated to European Industry and Commerce in the Nineteenth Century. The second term course, Economics 6b covered U.S. Economic and Financial History from colonial times up to 1900. Below we have the enrollment figures for Economics 6b and its reading list. One can see by the reliance on a textbook and relatively few standard sources that U.S. economic history was not Gay’s primary research interest. Biographical information on both Edwin F. Gay and Julius Klein can be found in the previous posting.

________________________

Course Announcement and Description
1910-11

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

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

It is open to students who have taken or are taking Economics 1.

Source: History and Political Science, Comprising the Departments of History and Government, and Economics, 1910-11. Published in the Official Register of Harvard University. Vol. VI,I No. 23 (June 21, 1910), pp. 56.

____________________________

[Enrollment: Economics 6b. Economic and Financial History of the United States.]

6b 2hf. Professor Gay, assisted by Mr. Klein.—Economic and Financial History of the United States.

Total 119: 15 Graduates, 19 Seniors, 52 Juniors, 22 Sophomores, 7 Freshmen, 4 Other.

Source: Harvard University. Reports of the President and the Treasurer of Harvard College, 1910-11, p. 49.

____________________________

ECONOMICS 6b (1911)
[Economic and Financial History of the United States]

Required Reading is indicated by an asterisk (*)

1. Colonial Period

Callender*, Economic History of the United States, pp. 6-63, 85-121.

Ashley, Commercial Legislation of England and the American Colonies, Q. J. E., Vol. XIV, pp. 1-29; printed also in Ashley’s Surveys, pp. 309-335.

Semple, American History and its Geographic Conditions, pp. 36-51.

McMaster, History of the People of the United States, Vol. I, pp. 1-102.

Eggleston, Transit of Civilization, pp. 273-307.

Beer, Commercial Policy of England, pp. 5-158.

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

Lord, Industrial Experiments in the British Colonies of North America, pp. 56-86, 124-139.

1776-1860

2. Commerce, Manufactures, and Tariff

Taussig*, Tariff History of the United States, pp. 68-154.

Hamilton*, Report on Manufactures, in Taussig’s State Papers and Speeches on the Tariff, pp. 1-79, 103-107, (79-103).

Callender, Economic History, pp. 432-563.

Bolles, Industrial History of the United States, Book II, pp. 403-426.

Bishop, History of American Manufactures, Vol. II, pp. 256-505.

Pitkin, Statistical View of the Commerce of the United States (ed. 1835), pp. 368-412.

Gallatin, Free Trade Memorial, in Taussig’s State Papers, pp. 108-213.

Commons, Documentary History of American Industrial Society, Vol. IV, pp. 15-89; Vol. VI, pp. 311-353.

Rabbeno, American Commercial Policy, pp. 146-183.

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

3. Internal Improvements

Callender*, Economic History, pp. 271-275, 345-404.

Tenth United States Census (1880), Vol. IV, Thos. C. Purdy’s Reports on History of Steam Navigation in the United States, pp. 1-62, and History of Operating Canals in the United States, pp. 1-32.

Gephart, Transportation and Industrial Development in the Middle West, pp. 43-129.

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

Ringwalt, Development of Transportation Systems in the United States, pp. 41-54, 64-166.

Phillips, History of Transportation in the Eastern Cotton Belt, pp. 46-131.

Bishop, State Works of Pennsylvania, pp. 150-261.

Gallatin, Plan of International Improvements, Amer. State Papers, Misc., Vol. I, pp. 724-921 (see especially maps, pp. 744, 762, 764, 820, 830).

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

Chittenden, Steamboat Navigation on the Missouri River, Vol. II, pp. 417-424.

4. Agriculture and Land Policy.—Westward Movement

Callender*, Economic History, pp. 597-692.

Hart, Practical Essays on American Government, pp. 233-257; printed also in Q.J.E., Vol. I, pp. 169-183, 251-254.

Semple, American History and its Geographic Conditions, pp. 52-74.

Fite, Social and Industrial Conditions in the North during the Civil War, pp. 1-23.

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

Donaldson, Public Domain, pp. 1-29, 196-239, 332-356.

Hibbard, History of Agriculture in Dane County, Wisconsin, pp. 86-90, 105-133.

Sanborn, Congressional Grants of Land in Aid of Railways, Bulletin of Univ. of Wisconsin Econ., Pol. Sci. and Hist. Series, Vol. II, No. 3, pp. 269-354.

5. The South and Slavery

Callender*, Economic History, pp. 738-819.

Cairnes, The Slave Power (2d ed.), pp. 32-103, 140-178.

Hart, The Southern South, pp. 218-277.

Hammond, Cotton Industry, pp. 34-119.

Commons, Documentary History of American Industrial Society, Vol. I, pp. 309-375.

Russell, North America, its Agriculture and Climate, pp. 133-167.

De Tocqueville, Democracy in America (ed. 1838), pp. 336-361, or eds. 1841 and 1848, Vol. I, pp. 386-412.

Helper, Compendium of the Impending Crisis of the South, pp. 7-61.

Ballagh, Land System of the South. Publications of Amer. Hist. Assoc., 1897, pp. 101-129.

6. Finance, Banking, and Currency

Dewey*, Financial History of the United States, pp. 34-59, 76-117, 224-246, 252-262.

Catterall*, The Second Bank of the United States, pp. 1-24, 68-119, 376 map, 402-403, 464-477.

Bullock, Essays on the Monetary History of the United States, pp. 60-93.

Hamilton, Reports on Public Credit, Amer. State Papers, Finance, Vol. I, pp. 15-37, 64-76.

Kinley, History of the Independent Treasury, pp. 16-39.

Kinley, The Independent Treasury of the United States (U. S. Monet. Comm. Rept.), pp. 7-208.

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

Ross, Sinking Funds, pp. 21-85.

Scott, Repudiation of State Debts, pp. 33-196.

Bourne, History of the Surplus Revenue of 1837, pp. 1-43, 125-135.

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

1860-1900

7. Finance, Banking, and Currency

Mitchell*, History of the Greenbacks, pp. 3-43.

Noyes*, Forty Years of American Finance, pp. 1-48, 234-256 (73-233).

Sprague*, History of Crises under the National Banking System, pp. 43-108.

Taussig, Silver Situation in the United States, pp. 1-157.

Dunbar, National Banking System, Q.J.E., Vol. XII, pp. 1-26; printed also in Dunbar’s Economic Essays, pp. 227-247.

Howe, Taxation and Taxes in the United States under the Internal Revenue System, pp. 136-262.

Tenth United States Census (1880), Vol. VII; Bayley, History of the National Loans, pp. 369-392, 444-486.

8. Transportation

Hadley*, Railroad Transportation, pp. 1-23, 125-145.

Johnson*, American Railway Transportation, pp. 24-68, 307-321, 367-385.

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

Adams, Chapters of Erie, pp. 1-99, 333-429.

Davis, The Union Pacific Railway, Annals of the Amer. Acad., Vol. VIII, pp. 259-303.

Villard, Memoirs, Vol. II, pp. 284-312.

Dixon, Interstate Commerce Act as Amended, Q.J.E., Vol. XXI, pp. 22-51.

Vrooman, American Railway Problems, pp. 10-45, 218-264.

9. Commerce and Shipping

Meeker*, History of Shipping Subsidies, pp. 150-171.

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

Soley, Maritime Industries of the United States, in Shaler’s United States, Vol. I, pp. 518-618.

McVey, Shipping Subsidies, J.Pol.Ec., Vol. IX, pp. 24-46.

Wells, Our Merchant Marine, pp. 1-94.

Day, History of Commerce, pp. 553-575.

10. Agriculture and Opening of the West

Industrial Commission*, Vol. XIX, pp. 43-123, 134-167.

Noyes*, Forty Years of American Finance, pp. 257-283.

Twelfth United States Census (1900), Vol. V, pp. xvi-xlii.

Hammond, Cotton Industry, pp. 120-226.

Quaintance, Influence of Farm Machinery, pp. 1-103.

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

Bemis, Discontent of the Farmer, J. Pol. Ec., Vol. I, pp. 193-213.

Wright, Wool Growing and the Tariff, pp. 308-273.

11. Industrial Expansion

Noyes*, Forty Years of American Finance, pp. 114-152, 182-233.

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

Twelfth Census, Vol. IX, pp. 1-16; Vol. X, pp. 725-748.

Wells, Recent Economic Changes, pp. 70-113.

Sparks, National Development, pp. 37-52.

12. The Tariff

Taussig*, Tariff History, pp. 155-229, 321-360.

Taussig*, Tariff Act of 1909, Q.J.E., Vol. XXIV, pp. 1-38, also in Tariff History (ed. 1910), pp. 360-408.

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

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

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

Tausssig, Sugar, Atlantic Monthly, Vol. CI, pp. 334-344 (Mar. 1908).

Taussig, Tariff and Tariff Commission, Atlantic Monthly, Vol. CVI, pp. 721-729 (Dec. 1910).

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

Wright, Wool Growing and the Tariff, pp. 274-328.

Robinson, History of the Two Reciprocity Treaties, pp. 9-17, 40-77, 141-156.

Laughlin and Willis, Reciprocity, pp. 311-437.

13. Industrial Concentration

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

Noyes*, Forty Years of American Finance, pp. 284-354.

Twelfth Census, Vol. VII, pp. cxc-ccxiv.

Industrial Commission, Vol. XIII, pp. v-xviii.

Bullock, Trust Literature, Q.J.E., Vol. XV, pp. 167-217.

14. The Labor Problem

Industrial Commission*, Vol. XIX, pp. 724-746, 793-833.

Adams and Sumner, Labor Problems, pp. 502-547.

United States Bureau of Labor Bulletins, No. 18 (Sept., 1898), pp. 665-670; No. 30 (Sept., 1900), pp. 913-915; No. 53 (July, 1904), pp. 703-728.

Levasseur, American Workman, pp. 436-509.

Commons, Documentary History of American Industrial Society, Vol. IX, pp. 55-117.

Mitchell, Organized Labor, pp. 391-411.

Twelfth Census, Special Report on Employees and Wages, p. xcix.

National Civic Federation, Industrial Conciliation, pp. 40-48, 141-154, 238-243, 254-266.

15. Population, Immigration, and the Race Question

United States Census Bulletin*, No. 4 (1903), pp. 5-38.

Industrial Commission*, Vol. XV, pp. xix-lxiv.

Adams and Sumner, Labor Problems, pp. 68-112.

Mayo-Smith, Emigration and Immigration, pp. 33-78.

Walker, Discussions in Economics and Statistics, Vol. II, pp. 417-451.

Hoffmann, Race Traits and Tendencies of the American Negro, pp. 250-309.

Tillinghast, The Negro in Africa and America, pp. 102-228.

Twelfth Census Bulletin, No. 8.

United States Bureau of Labor Bulletins, Nos. 14, 22, 32, 35, 37, 38, 48.

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

Stone, A Plantation Experiment, Q.J.E., Vol. XIX, pp. 270-287.

Source: Harvard University Archives. Syllabi, course outlines and reading lists in Economics, 1895-2003 (HUC 8522.2.1), Box 1, Folder “Economics, 1910-1911.”

________________________

Final Examination Economics 6b
(1910-11)

Image Source: Edwin Francis Gay and Julius Klein, respectively, from The World’s Work, Vol. XXVII, No. 5 (March 1914) and Harvard Album 1920.

 

 

 

Categories
Courses Economic History Harvard Suggested Reading Syllabus

Harvard. 19th Century European Economic History. Gay and Klein, 1910-1911

Edwin Francis Gay (1867-1946) came to Harvard in 1902 as an instructor of economic history taking over William Ashley’s courses after having spent a dozen years of training and advanced historical study in Europe (Berlin, Ph.D. in 1902 under Gustav Schmoller, also he was in Leipzig, Zurich and Florence). He was given a five-year contract as assistant professor of economics in 1903, but in just four years he actually advanced to the rank of professor. He served as a principal advisor to Harvard President Charles Eliot in establishing the Harvard Graduate School of Business Administration in 1908. After the favored candidate to be the founding dean of the business school, William Lyon Mackenzie King (Ph.D., Harvard 1909) turned down the offer, instead continuing as deputy minister of labor in Canada then later becoming prime minister of Canada, President Eliot turned to Gay. In nine years Gay put his stamp on the Harvard Business School, apparently playing an instrumental role in the use of the case method (pedagogic transfer from the law school) with a strong emphasis on obtaining hands-on experience through practical assignments with actual businesses. He is credited with establishing the academic degree of the M.B.A. (Master of Business Administration), the credential of managers. 

During WW I Gay worked as adviser to the U.S. Shipping Board and then went on to become editor of the New York Evening Post that would soon go under, giving Gay “an opportunity” to return to Harvard where he could teach economic history up through his retirement in 1936. Gay was among the co-founders of the National Bureau of Economic Research and the Council of Foreign Relations. He and his wife moved to California where he worked at the Huntington library where his bulk of his papers are to be found today.

A reading list for his course  Recent Economic History (1934-35) has been posted on Economics in the Rear-View Mirror earlier.

Assisting Gay in the 1910 course on European Economic History of the Nineteenth century was the history department instructor, Mr. Julius Klein (1886-1957). 

Litt.B. (Univ. of California) 1907, Litt. M (ibid.) 1908, A.M. (Harvard Univ.) 1913, Ph.D. (Harvard Univ.) 1915.
Subject of Ph.D. History.
Special Field: Spanish History
Thesis: The Mesta; A Study in Spanish Economic History, 1273-1836.
Instructor in History, later assistant professor.
In 1932 he was Assistant Secretary, United States Department of Commerce.

While tracking down Julius Klein I came up with the following link to an artifact of the Harvard History Department:

“[Julius Klein] made this portrayal of departmental bigwigs, in ink with black and brown washes, in a style evocative of the Bayeux Tapestry, which chronicles the Norman conquest of England.”

JuliusKleinInkDrawing

________________________

Course Announcement and Description
1910-11

6a 1hf. European Industry and Commerce in the Nineteenth Century. Half-course (first half-year). Tu., Th., and (at the pleasure of the instructor) Sat., at 9. Professor Gay, assisted by Mr. Klein.

Course 6a undertakes to present the general outlines of the economic history of western Europe since the Industrial Revolution. Such topics as the following will be discussed: the economic aspects of the French Revolution and the Napoleonic regime, the Stein-Hardenberg reforms, the Zoll-Verein, Cobden and free-trade in England, labor legislation and social reform, nationalism and the recrudescence of protectionism, railways and waterways, the effects of transoceanic competition, the rise of industrial Germany.

            Since attention will be directed in this course to those phases of the subject which are related to the economic history of the United States, it may be taken usefully before Economics 6b. It is open to students who have taken or are taking Economics 1.

Source: History and Political Science, Comprising the Departments of History and Government, and Economics, 1910-11. Published in the Official Register of Harvard University. Vol. VI,I No. 23 (June 21, 1910), pp. 55.

________________________

[Enrollment: Economics 6a. European Industry and Commerce in the Nineteenth Century. 1910]

[Economics] 6a 1hf. Professor Gay, assisted by Mr. Klein.—European Industry and Commerce in the Nineteenth Century.

12 Graduates, 10 Seniors, 22 Juniors, 12 Sophomores, 2 Freshmen, 3 Other:
Total 61.

Source: Harvard University. Reports of the President and the Treasurer of Harvard College, 1910-11, p. 49.

________________________

ECONOMICS 6a (1910)

Required Reading is indicated by an asterisk (*)

1. THE INDUSTRIAL REVOLUTION.

*Cunningham, Growth of English Industry and Commerce, Vol. III, pp. 609-669.

*Hobson, Evolution of Modern Capitalism, pp. 10-82.

*Toynbee, Industrial Revolution, pp. 32-93.

Woollen Report of 1806; reprinted in Bullock, Selected Readings in Economics, pp. 114-124.

Walpole, The Great Inventions, in History of England, Vol. I, pp. 50-76; reprinted in Bullock, pp. 125-145, and Rand, Selections illustrating Economic History, chapter ii.

Chapman, The Lancashire Cotton Industry, pp. 1-112.

Webb, History of Trade Unionism, pp. 1-101.

Hutchins and Harrison, History of Factory Legislation, pp. 14-42.

Wallas, Life of Francis Place, pp. 197-240.

Mantoux, La Révolution Industrielle, pp. 179-502.

Cooke Taylor, The Modern Factory System, pp. 44-225.

2. AGRARIAN MOVEMENT. – CONTINENT.

*Von Sybel, French Revolution, in Rand, Selections, pp. 55-85.

*Seeley, Life and Times of Stein, Vol. I, pp. 287-297, in Rand, pp. 86-98.

*Morier, Agrarian Legislation of Prussia, in “Systems of Land Tenure,” pp. 267-275, in Rand, pp. 98-108.

*Brentano, Agrarian Reform in Prussia, Econ. Jour., Vol. VII, pp. 1-20.

Flour de St. Genis, La Propriété Rurale, pp. 80-164.

De Foville, Le Morcellement, pp. 52-89.

Von Goltz, Agrarwesen und Agrarpolitik, pp. 40-50.

Colman, European Agriculture (2d ed.), Vol. II, pp. 371-394.

Schulze-Gävernitz, Volkswirtschaftliche Studien aus Russland, pp. 308-383.

Dawson, W.H., Evolution of Modern Germany, pp. 255-294.

3. AGRARIAN MOVEMENT. – ENGLAND.

*Johnson, A.H., Disappearance of the Small Landholder in England, pp. 7-17, 107-164.

*Curtler, W.H.R., Short History of English Agriculture, pp. 190-271.

Hasbach, History of the English Agricultural Labourer, pp. 71-116.

Taylor, Decline of Land-Owning Farmers in England, pp. 1-61.

Prothero, Pioneers and Progress of English Farming, pp. 64-103.

Brodrick, English Land and English Landlords, pp. 65-240.

Caird, English Agriculture in 1850, pp. 473-528.

Colman, European Agriculture (2d ed.), Vol. I, pp. 10-109, 133-174.

Levy, Entstehung und Rückgang des landwirtschaftlichen Grossbetriebs in England.

4. THE FREE TRADE MOVEMENT. – ENGLAND.

*Armitage-Smith, G., Free Trade and its Results, pp. 39-94, 130-144.

*Morley, Life of Cobden, chapters vi, vii, xvi.

Levi, History of British Commerce, pp. 218-227, 261-272, 292-303; in Rand, pp. 207-241.

Ashworth, Recollections of Cobden and the League, pp. 32-64, 296-392.

Prentice, History of the Anti-Corn Law League, Vol. I, pp. 49-77.

Parker, Sir Robert Peel from his Private Letters, Vol. II, pp. 522-559; Vol. III, pp. 220-252.

Cunningham, Rise and Decline of the Free Trade Movement, pp. 27-99.

Tooke, History of Prices, Vol. V, pp. 391-457.

Curtler, Short History of English Agriculture, pp. 271-293.

Schulze-Gaevernitz, Britischer Imperialismus, pp. 243-375.

5. THE TARIFF. – CONTINENT.

*Ashley, Modern Tariff History, pp. 3-62, 301-312.

Worms, L’Allemagne Économique, pp. 57-393.

Amé, Les Tarifs de Douanes, Vol. I, pp. 21-34, 219-316.

Perigot, Histoire de Commerce Français, pp. 77-185.

Lang, Hundert Jahre Zollpolitik, pp. 168-230.

6. BANKING AND FINANCE.

*Cunningham, Growth of English Industry and Commerce, Vol. III, pp. 689-703, 822-829, 833-840.

*Andréadès, History of the Bank of England, pp. 284-294, 331-369, 381-388.

Tugan-Baranowsky, Studien zur Theorie und Geschichte der Handelskrisen in England, pp. 38-54, 62-121.

Giffen, Growth of Capital, pp. 115-134.

Macleod, Theory and Practice of Banking (4th ed.), Vol. I, pp. 433-540; Vol. II, pp. 1-197.

Bastable, Public Finance, Bk. V, chaps. 3 and 4 (3d ed.), pp. 629-657.

7. THE NEW GOLD.

*Cairnes, Essays, pp. 53-108; in Rand, pp. 242-284.

*Jevons, Investigations in Currency and Finance, pp. 34-92.

Leroy-Beaulieu, Traité d’Economie Politique, Vol. III, pp. 192-238.

Giffen, Economic Inquiries and Studies, Vol. I, pp. 75-97, 121-228.

Hooper, Recent Gold Production of the World, Roy. Stat. Soc. Jour., 1901, pp. 415-433.

8. TRANSPORTATION. – PRIVATE OWNERSHIP.

*Hadley, Railroad Transportation, pp. 146-202.

*Acworth, Elements of Railway Economics, pp. 61-75, 99-159.

McLean, English Railway and Canal Commission of 1888, in Q.J.E., 1905, Vol. XX, pp. 1-55, or in Ripley, Railway Problems, pp. 603-649.

Acworth, Railways of England, pp. 1-56.

McDermott, Railways, pp. 1-149.

Porter, Progress of the Nation, pp. 287-339.

Edwards, Railways and the Trade of Great Britain, Roy. Stat. Soc. Jour., 1908, pp. 102-131.

Pratt, Railways and their Rates, pp. 1-184.

Colson, Legislation des Chemins de Fer, pp. 3-20, 133-182.

Kaufmann, Die Eisenbahnpolitik Frankreichs, Vol. II, pp. 178-284.

Guillamot, L’Organisation des Chemins de Fer, pp. 82-120.

Forbes and Ashford, Our Waterways, pp. 107-137.

Léon, Fleuves, Canaux, Chemins de Fer, pp. 1-156.

Evans, A.D., British Railways and Goods Traffic, Econ. Jour., 1905, pp. 37-46.

Thompson, H.G., Canal System of England, pp. 1-73.

9. TRANSPORTATION. – STATE OWNERSHIP.

*Hadley, Railroad Transportation, pp. 236-258, [203-235].

*Meyer, Governmental Regulation of Railway Rates, pp. 92-188.

Acworth, Relation of Railways to the State, Econ. Jour., 1908, pp. 501-519.

Mayer, Geschichte und Geographie des Deutschen Eisenbahnen, pp. 3-14.

Lotz, Verkehrsentwicklung in Deutschland, pp. 2-47, 96-142.

Leuschau, Deutsche Wasserstrassen, pp. 9-56, 95-161.

Peschaud, Belgian State Railways, translated in Pratt, State Railways, pp. 57-107.

Tajani, The Railway Situation in Italy, Q.J.E., Vol. XXIII, pp. 618-653.

Pratt, Railways and their Rates, pp. 185-326.

Pratt, Railways and Nationalization, pp. 1-120, 253-293.

10. COMMERCE AND SHIPPING.

*Bowley, England’s Foreign Trade in the Nineteenth Century (ed. 1905), pp. 55-107.

*Meeker, History of Shipping Subsidies, pp. 1-95.

Cornewall-Jones, British Merchant Service, pp. 252-260, 306-317.

Glover, Tonnage Statistics of the Decade 1891-1900. Roy. Stat. Soc. Jour., 1902, pp. 1-41.

Ginsburg, British Shipping, in Ashley, British Industries, pp. 173-195.

LeRoux de Bretagne, Les Primes à la Marine Marchande, pp. 93-224.

Charles-Roux, L’Isthme et le Canal de Suez, Vol. II, pp. 287-339.

Von Halle, Volks- und Seewirtschaft, pp. 136-219.

11. AGRICULTURAL DEPRESSION.

*Report on Agricultural Depression, 1897, pp. 6-10, 21-40, 43-53, 85-87.

*Haggard, Rural England, Vol. II, pp. 536-576.

The Tariff Commission, Vol. III, Report of the Agricultural Committee, 1906.

Thompson, Rent of Agricultural Land in England and Wales during the Nineteenth Century. Roy. Stat. Soc. Jour., 1907, pp. 587-611.

Hasbach, History of the English Agricultural Labourer, pp. 274-364.

Arch, Autobiography, pp. 65-144, 300-345.

Little, The Agricultural Labourer, Report to the Royal Commission on Labour, 1894, Vol. I, pp. 195-253.

Adams, Position of the Small Holding in the United Kingdom. Roy. Stat. Soc. Jour., 1907, pp. 412-437.

Plunkett, Ireland in the New Century (ed. 1905), pp. 175-209.

Bastable, Some Features of the Economic Movement in Ireland, Econ. Jour., Vol. XI, pp. 31-42.

J. Méline, The Return to the Land, pp. 83-144, 185-240.

Imbart de la Tour, Le Crise Agricole, pp. 24-34, 127-223.

Simkhovitch, The Agrarian Movement in Russia, Yale Review, Vol. XVI, pp. 9-38.

King and Okey, Italy Today, pp. 156-192.

12. RECENT TARIFF HISTORY.

*Smart, Return to Protection, pp. 7-44, 136-185, 234-259.

*Balfour, Economic Notes on Insular Free Trade, pp. 1-32. (Also in Fiscal Reform, pp. 71-95.)

*Chamberlain, Imperial Union and Tariff Reform, pp. 19-44.

Ashley, W.J., Tariff Problem, pp. 53-210.

Marshall, Fiscal Policy of International Trade, pp. 30-82.

Pigou, Protective and Preferential Import Duties, pp. 1-117. (See also his Riddle of the Tariff, pp. 1-107.)

Cunningham, Rise and Decline of the Free Trade Movement, pp. 100-168.

Ashley, P., Modern Tariff History, pp. 78-112, 313-358.

Zimmermann, Deutsche Handelspolitik, pp. 218-314.

Meredith, Protection in France, pp. 54-129.

Balfour, Fiscal Reform, pp. 97-113, 266-280.

13. INDUSTRIAL DEVELOPMENT.

*Ashley, W.J., British Industries, pp. 2-38, 68-92.

*Howard, Recent Industrial Progress in Germany, pp. 51-109.

Cox, British Industries under Free Trade, pp. 2-84, 142-175, 235-376.

Levasseur, Questions ouvrières et industrielles en France sous le troisième République, pp. 27-166.

La Belgique, 1830-1905, pp. 397-617.

Fischer, Italien und die Italiener (ed. 1901), pp. 240-267.

Machat, Le Developpment Économique de la Russie, pp. 157-229.

Jeans, J.S., Iron Trade of Great Britain, pp. 1-73, 100-111.

Dawson, Evolution of Modern Germany, pp. 37-65.

Helm, E., Survey of the Cotton Industry, Q.J.E., Vol. XVII, pp. 417-437.

14. INDUSTRIAL COMBINATION.

*Report of Industrial Commission, Vol. XVIII, pp. 7-13, 75-88, 101-122, 143-165.

*Macrosty, The Trust Movement in Great Britain, in Ashley, British Industries, pp. 196-232.

Macrosty, Trust Movement in British Industry, pp. 24-56, 81-84, 117-154, 284-307, 329-345.

Walker, Monopolistic Combinations in Europe, Pol. Sci. Quart., Vol. XX, pp. 13-41.

Walker, Combinations in German Coal Industry, pp. 38-111, 175-289, 322-327.

Walker, German Steel Syndicate, Q.J.E., Vol. XX, pp. 353-398.

Liefmann, Kartelle und Trusts, pp. 22-32.

Baumgarten und Meszlény, Kartelle und Trusts, pp. 83-152.

Chastin, J., Les Trusts et les Syndicats, pp. 23-127.

15. LABOR — COÖPERATIVE MOVEMENT.

*Bowley, Wages in the United Kingdom, pp. 22-57, 81-127.

*Shadwell, Industrial Efficiency, Vol. II, pp. 307-350.

Wood, Real Wages and the Standard of Comfort since 1860. Roy. Stat. Soc. Jour., 1909, pp. 91-101.

Cost of Living of the Working Classes in the United Kingdom, Germany and France. Report to the Board of Trade, 1909.

Webb, Trade Unionism, pp. 344-478.

Howell, Labor Legislation, pp. 447-499.

Willoughby, Workingmen’s Insurance, pp. 29-87.

Beveridge, Unemployment.

Ashley, W.J., Progress of German Working Classes, pp. 1-65, 74-141.

Dawson, The German Workman, pp. 1-245.

Holyoake, History of Coöperation in England (ed. 1906), Vol. I, pp. 32-42, 70-162, 283-298; Vol. II, pp. 361-396.

Gide, Productive Coöperation in France, Q.J.E., Vol. XIV, pp. 30-66.

Adams and Sumner, Labor Problems, pp. 394-397, 407-413.

Dawson, Evolution of Modern Germany, pp. 294-308.

Source: Harvard University Archives. Syllabi, course outlines and reading lists in Economics 1895-2003. Box 1, Folder “Economics, 1910-1911”.

________________________

Final Examination Economics 6a
(1910-11)

Image Source: Edwin Francis Gay and Julius Klein, respectively, from The World’s Work, Vol. XXVII, No. 5 (March 1914) and Harvard Album 1920.

 

Categories
Chicago Courses Suggested Reading Syllabus

Chicago. Introduction to Money and Banking. A. G. Hart, 1933

In the early 1930’s Lloyd Mints alternated teaching the undergraduate money and banking course at the University of Chicago (Econ 230) with the doctoral student Albert G. Hart who held the ranks of teaching assistant/instructor before receiving his Ph.D. in 1936. In Hart’s papers at Columbia University there is a copy of material for his course kept for students in the Harper Reading Room at the University of Chicago. The “Report on Conduct and Content of Course” included in this posting presents a detailed outline of his course as of its third iteration. Square brackets are used where I have supplied specific page numbers for the textbook assignments that I have found elsewhere in the same folder with this Report. 

In the Review section Hart includes among the “leading ideas” of the course: “… in fields where prices are sticky, inflation and deflation take themselves out on volume of sales and hence of production and/or employment…”

______________________

If you find this posting interesting, here is the complete list of “artifacts” from the history of economics I have assembled thus far. You can subscribe to Economics in the Rear-View Mirror below. There is also an opportunity for comment following each posting….

_________________________________

[Course Description from University of Chicago Announcements]

230. Introduction to Money and Banking.—The material in the course includes a study of the factors which determine the value of money in the short and in the long run; the problem of index numbers of price levels; and the operation of the commercial banking system and its relation to the price level and general business activity. Prerequisite: Social Science I and II or equivalent. Summer, Hart; Autumn, Mints; [Spring], Hart.

Source: University of Chicago, Announcements [for 1933-34], Arts, Literature and Science, vol. 33, no. 8 (March 25, 1933), p. 266.

_________________________________

 

Report on Conduct and Content of Course.

Econ 230
A. G. Hart

General Remarks:

My general policy (in which I follow the suggestions of Mr. Mints) has been to conduct the course definitely as a theoretical study, with the emphasis on analysis rather than history or factual description. Class meetings are devoted largely to discussion, with inevitable lapses into lecturing when historical or factual questions cannot be avoided. My reading assignments have been light (about 100 pages a week), but are of a character to call for mulling over. So far as possible I have avoided second-hand textbook material and gone to authoritative writers. On the necessary technical banking material a textbook is inevitable, and I have used Rodkey’s Banking Process twice and Bradford’s Banking once. (To my taste the former is definitely preferable.) On other subjects I have gone to standard authorities, as Irving Fisher, J. M. Keynes, Alvin Hansen, Wesley Mitchell, D. H. Robertson. These writers are emphatically not beyond the grasp of undergraduate classes here. Some points have been emphasized by written exercises; and I have tried by giving our examinations and by putting past examinations on reserve to make my examinations a guide to what I expected students to take away with them. Full assignments, as made this summer, and past examinations are in my assignment folder on reserve in Harper main reading room.

The following scheme is that given in my assignments; the order of various points somewhat altered from time to time, especially when current events bring certain sides of the course to the fore.

 

Scheme of Course:

I.  Introduction: Money Concepts; Sketch of Monetary History; Present Circulating Medium in U. S.

Explanation of purposes of the course; the notion of money in the broader notion of circulating medium; a summary of the history of the American circulating medium; brief analysis of the current statistics on money in circulation and on bank deposits. Emphasis is laid on the fact that the class of circulating media has no clear-cut boundary, but shades off into the realm of ordinary commodities, and on the importance of bank deposits in American circumstances. Reading: Robertson, Money, pp. 1-17. Class Time: usually two, perhaps three hours.

II. The Quantity Theory of Money According to Fisher.

An analysis of the relations between quantity of money and bank deposits, their velocities, prices, and volume of transactions, through the Fisher equation. Emphasis is laid on the validity of the equation, the restricted conditions under which the Quantity Theory holds, and the consequent inadequacy of the Quantity Theory for short-period analysis; also on relative flexibility of different groups of prices. Reading: Fisher, Purchasing Power of Money, pp. 1-32, 47-54, 74-111, 184-97. Class Time: five or six hours.

III. The Quantity Theory According to the Cambridge School; European Postwar Monetary Experience.

A restatement of the Quantity Theory in “Cambridge” terms, using Keynes’ Monetary Reform as type. This is used to reinforce the analysis of the difficult “velocity” problem in the preceding section, and leads into some examination of the workings of inflation. The idea of forced saving is here brought out. Lately I am coming to doubt the pedagogical usefulness of the formulation in Monetary Reform; and I may take a different tack another time. Reading: Keynes, Monetary Reform, pp. 3-45, 46-80 [, 81-94]; Robertson, Money, e.g. 18-43. Class Time: three or four hours.

IV. Index Numbers: Refinement of Concept of Purchasing Power.

The concept of an index number of prices as reflecting changes in the value of a composite commodity of fixed make-up; index of quantity as reflecting valuations of different mixtures of goods at fixed prices. Necessity of index number analysis to put meaning into notion of price and output changes brought about by money. Emphasis is placed, of course, on fundamental notions and interpretation, not on the technique of index-number compilation. Reading: Fisher, Purchasing Power, pp. 198-233; memorandum of my own in assignment folder. I should assign Keynes [Treatise (optional), I, pp. 53-94] but for library difficulties. Written Assignment: problem in index-number computation, with simplified arithmetic, calculated to bring out differences among the various basic formulas. Class Time: three or four hours.

V. Nature of Banking and Clearing.

(In the Autumn Quarter, 1932 I put this before the treatment of monetary theory, which appears to be just about as satisfactory as the present arrangement.) Basic character of a bank; demand liabilities greater than quick assets, and demand liabilities serving as circulating medium. Mechanism of making and transferring deposits; clearing relations among banks. History of American banking. Study of bank reserves; of earning assets. Principle of credit pyramiding on increment of reserves. Reading: textbook passages [Rodkey, Banking Process, 1-86, 124-37, 137-54, 178-95, 201-224, 267-86; or Bradford, Banking, pp. 1-51, 52-96, 98-123]; Phillips, Bank Credit, chapter III [pp. 32-77]. Written Assignment or Hour Examination: reconstruction and interpretation of dismembered bank statement, involving comparison of two banks or one bank at two dates. Class Time: ten or twelve hours.

VI. Central Banking: Federal Reserve System.

Analysis of open market, re-discount and clearing functions of the Federal Reserve Banks, and of the administration of the system and its influence on the member bank reserve position. I have made no attempt to cover foreign central banking except for an hour’s lecture on the Bank of England and incidental references from this point in the course on to practices of foreign central banks. This is not because I doubt the usefulness of treating foreign banking ceteris paribus; but the marginal utility of time in a one-quarter course is so high as to put this below the zone of profitable use of resources. Emphasis is placed on the essential simplicity of central banking — holding cash reserves and earning assets and swapping them on the open market according to the position of business—, on its necessary non-profit character, etc. The leading ideas in this section are largely modeled on Mr. Mints. One of the drawbacks of using Bradford as text is the necessity of scrambling sections V and VI together to follow its arrangement. Reading: textbook passages [Rodkey, Banking Process, pp. 36-123, 196-200, 224-238; or Bradford, Banking, pp. 125-144, 145-168, 170-222, 223-247, 248-274, 311-336, 337-355]; W. R. Burgess, Reserve Banks and the Money Market, pp. 206-229; passages in Federal Reserve Bulletin [March 1932, pp. 1-5]. Written Assignment or Classroom Work: Analysis of weekly statements of Federal Reserve Banks and weekly reporting member banks; calculation of Federal Reserve reserve and collateral requirements and of free gold. [take F.R. statement for July 13 (published in morning papers July 21). Compute gold reserve requirements against deposits and notes, calculate excess gold reserves. Compute gold collateral requirement on notes, with and without Glass-Steagal arrangement, and calculate free gold on each basis.] From this point in the course the statement is discussed at some length every Friday. Class Time: five or six hours, plus a short time each week toward the end of the quarter for study of the statement.

VII. Foreign Exchange; International Banking Relations.

The mechanism of the exchange markets: acceptances, cable drafts, etc. The balance of payments and supply and demand of foreign funds; determination of the rate and adjustment of balances on and off the gold standard. Classical mechanism of adjustment; orthodox types of central bank intervention; post-war manipulative tricks in exchange market. Due largely to the trend of current events, emphasis has been placed on the determination of rates off the gold standard and on the short-run importance of flight from the currency and other types of speculative movements. Reading: as the topic is peripheral and cannot absorb much time, I have compromised between textbook readings and authoritative material, and have been assigning Taussig, Principles, vol. I, pp. 447-78 besides text-book passages. [Rodkey, Banking Process, pp. 155-68; or Bradford, Banking, 275-310; Robertson, Money, 69-91] Class Time: three or four hours.

VIII. Short Period Monetary Theory.

Inapplicability of quantity theory (though not of Fisher equation) in “transition period”. Generalization of Fisher cash-transactions approach: can be used wherever flow of goods and flow of money which buys it can both be conceptually isolated. Analysis through income concepts. Hawtrey’s scheme as a special case of transactions approach; illustration of analysis by his cycle theories. Concept of forced savings. Reading: Fisher, Purchasing Power, 55-74; Robertson, Money, 92-116; Hawtrey, Currency and Credit, 1-64. Class Time: four to six hours.

IX. Business Cycles.

Concept of business cycle; basic types of series showing cycle. Types of business cycle theories. Problems of “overproduction” in various senses. Reading: Mitchell, Business Cycles, the Problem and its Setting, pp. 1-60. Class Time: three to five hours.

X. Banking Policy and “Stabilization”.

General concept of stabilization – largely connotation with meaning vague. Monetary stabilization – constancy of index number or the exchange rate. Partial incompatibility of former and latter. Criteria of desirable indices to stabilize – full employment chief – point to desirability of gently raising money wages on average; consequences in other price groups. Central difficulty of price stickiness. Ways and means – inadequacy of central-bank control; inevitable influence of government finance. Savings-investment criterion of policy – its weaknesses. Reading: Robertson, Money, 144-194; Hansen, Economic Stabilization in an Unbalanced World, 3-27, 65-113, 271-314. Class Time: 4 to 6 hours.

Review:

When possible (it isn’t in the summer) I plan to devote four or five hours to systematic review. Leading ideas are brought out more clearly; especially: 1) the price level associated with the given flow of goods cannot rise, unless less goods of this group are sold or more money is spent on them; 2) when price movements are on foot the various forms of “price stickiness” make the movements of different speed and amplitude in different fields; 3) it is these relative price movements which are of practical importance; 4) in fields where prices are sticky, inflation and deflation take themselves out on volume of sales and hence of production and/or employment; 5) a banking system uncontrolled except by “qualitative” considerations will inevitably bring about inflation and deflation involving destructive movements of relative prices and of production; 6) in fact these considerations do not even enable a banking system to protect itself against a heavy proportion of failures in deflation.

 

Discussion of Above Scheme:

It will be observed that the course as I have given it contains little or no discussion of two topics which occupy a great deal of the literature, viz.: bimetallism and the classification of money under various heads (commodity, token, fiat etc.) Both of course come in for incidental mention; but neither, it seems to me, belongs in a one-quarter course here and now. Bimetallism, as discussed in the books, is today rather a historical relic; the effective issue is not double versus single standard, but gold standard versus “paper standard”. Systematic classification of money has distinct uses; but I’m inclined to trust to the passage on the subject in Robertson and avoid wasting class time on it. The necessary discussion of monetary history affords opportunity to talk a bit about both these matters; but a student who had taken the course with me could probably not explain the relation (e.g.) between over-valued and under-valued metal, or between proper bimetallic and limping standards.

More serious than these omissions of subject-matter is another type of omission: the course as I give it makes little attempt to inoculate the student against cranks by systematic study and dismemberment of the work of theoretical bunglers. It is a rather serious pedagogical defect to include little reading with which the instructor thoroughly disagrees. My excuses firstly that the course must take up more material then can be so treated in a single quarter and secondly that it seems to me the line between correct and incorrect analysis is fairly clearly drawn in the elementary phases of monetary and banking theory here treated. But frankly I’m afraid I must lay more weight on the first excuse than the second.

Albert G. Hart.

 

 

Source: Columbia University Libraries, Manuscript Collections. Albert Gailord Hart Papers: Box 61, Folder “Assignments and Other Memoranda for Reserve in Harper Reading Room/Sec 2 Ec 230 1933 Chicago, Money (Summer Quarter)”.

Image Source:  ditto.

Categories
Courses M.I.T. Suggested Reading Syllabus

M.I.T. Advanced Economic Theory (Capital and growth). Solow and Phelps, 1962

Edwin Burmeister (MIT PhD, 1965) took the advanced theory course that was devoted to capital theory and economic growth during the fall term 1962-63. The course that term was co-taught by Robert Solow (2 hour 37 minute oral history interview at this link) and Edmund Phelps. Burmeister’s notes for the course are available in the Burmeister Papers at Duke University Rubenstein Library’s Economists’ Papers Project. The reading list for the course has a Part I, but I could find no corresponding part II. However, Burmeister’s notes appear to be complete otherwise so that it seems likely that Solow and Phelps wanted to divide the course into positive and normative parts with the reading list for optimal saving not ready at the start of the term.  I have inserted five titles between Parts D and E that were explicitly mentioned in the lectures but not included in the Part I reading list.

______________________

If you find this posting interesting, here is the complete list of “artifacts” from the history of economics I have assembled thus far. You can subscribe to Economics in the Rear-View Mirror below. There is also an opportunity for comment following each posting….

_______________________

ADVANCED ECONOMIC THEORY
14.123
Fall 1962

R. M. Solow and E. S. Phelps

 

Part I: INVESTMENT AND ECONOMIC GROWTH

A. Capital and Production

Lutz, “Essentials of Capital Theory”, The Theory of Capital (International Economic Association).

Scitovsky, T., Welfare and Competition, Chapter 9.

Lutz and Lutz, The Theory of the Investment of the Firm, Chapters 5 and 6.

Kaldor, N., Essays on Value and Distribution, Part IV.

Lange, O., “The Place of Interest in the Theory of Production”, REStud, 1935-36.

Dorfman, R., “Waiting and the Period [of] Production”, QJE, August 1959.

Robinson, “The Production Function and the Theory of Capital”, REStud, 1953-54.

Comment and Reply:

Solow, R., “The Production Function…”, REStud, 1955-56.

Robinson, Ibid.

Swan, T., Appendix to “Economic Growth and Capital Accumulation,” Ec Record, November, 1956.

Solow, R., “Substitution and Fixed Proportions in the Theory of Capital,” REStud, June, 1962.

Phelps, E., “Substitution, Fixed Proportions, Growth and Distribution,” Parts 1-3 and Appendix B only. CFDP [Cowles Foundation Discussion Paper] 133, Feb. 1962.

Samuelson, P., “The Surrogate Production Function,” REStud, June 1962.

N. & N. Ruggles, “Concepts of Real Capital Stocks and Services,” Output, Input and Productivity Measurement, No. 25 in Studies in Income and Wealth (NBER).

[handwritten addition: Wicksell, LECTURES]

 

B. Technical Change

Dickinson, H., “A Note on Dynamic Economics”, REStud, 1954-55.

Uzawa, H., “Neutral Inventions and the Stability of Growth Equilibrium,” REStud, Feb. 1961.

Fellner, W., “Two Propositions in the Theory of Induced innovation,” Econ. Journ., June 1961.

 

C. Models of Investment, Technical Progress and Growth

Johnson, H., “A Simple Joan Robinson Model of Accumulation with One Technique,” Osaka Econ. Papers, Feb. 1962.

Swan, T., “Economic Growth and Capital Accumulation,” op. cit.

Solow, R., “A Contribution to the Theory of Economic Growth,” QJE, Nov. 1956.

Pitchford, J., “Growth and the Elasticity of Factor Substitution,” Ec. Record, Dec. 1960.

Phelps, E., “Substitution, Fixed Proportions, Growth and Distribution,” CFDP [Cowles Foundation Discussion Paper] 133, Feb. 1962, Parts 4-5.

Arrow, K., “The Economic Implications of Learning by Doing,” REStud, June, 1962.

Kaldor, N., and J. Mirlees, “Growth and Obsolescence,” Ibid.

 

D. The Quantitative Importance of Investment and Technical Change for Economic Growth

Solow, R., “Technological Change and the Aggregate Production Function,” REStat, August 1957.

Masslee, B., “A Dissaggregated View of Technical Change,” JPE, Dec. 1961.

Solow, R., “Investment and Technical Progress, “Mathematical Methods in the Social Sciences, (Stanford, 1960).

Phelps, E., “The New View of Investment”, QJE, Nov. 1962.

_______________________

[Insert: Optimal problems in capital theory…beginning ca Dec. 14, 1962]

[Ramsey problem, optimal control à la Pontryagin]

von Weizsäcker, Carl Christian. Wachstum, Zins und optimale Investitionsquote. Ph.D. dissertation, University of Basel, 1961. Published in Veröffentlichungen der List Gesellschaft Bd. 26, Reiche B Studien zur Ökonomie der Gegenwart, Kyklos-Verlag, 1962

Phelps, Edmund. 1961. “The Golden Rule of Accumulation: A Fable for Growthmen”. The American Economic Review 51 (4): 638–43.

Robinson, Joan. 1962. “Comment”. The Review of Economic Studies 29 (3): 258–66.

Goodwin, R. M., 1961. “The Optimal Growth Path for an Underdeveloped Economy”. The Economic Journal,Vol. 71, No. 284: 756–74.

Chakravarty, S., 1962. “Optimal Savings with Finite Planning Horizon”. International Economic Review 3 (3): 338–55.

_______________________

E. Investment in Knowledge and Skills

Nelson, R., “The Simple Economics of Basic Scientific Research, JPE, June 1959.

Arrow, E., “The Allocation of Scientific Resources” in The Rate and Direction of Innovative Activity, (NBER).

Schultz, “Investment in Human Capital,” AER, March 1961.

 

Source: Duke University, David M. Rubenstein Rare Book & Manuscript Library. Edwin Burmeister papers, 1960-2008. Box 23.

Image Source: Robert Solow, MIT Web Museum.