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Harvard. U.S. history for economics graduate students. F. J. Turner, 1912

The object of the “general examination” for Harvard Economics Ph.D. students in 1911-1912 was “to ascertain the applicant’s attainments within a considerable range of subjects in the field of History, Political Science, or Economics.” The ordinary case would be that Ph.D. students would be “be examined in six subjects in all, chosen from the groups defined below under the respective departments of study” but not to include the subject of a student’s “special field” that would be subject to a second examination.

“Of the six subjects, at least one must be taken from each of the groups A, B, C, and D, the first three of these groups being purely economic, while the fourth, more general in character, is intended to secure a somewhat broader basis of preparation. In all cases at least one of the subjects chosen must be historical in character, either economic history under group B or one of the historical fields defined under Group D.”

Of the seven topics listed in Group D, one was the “History of American Institutions.” In 1912 the economics chairman, Professor Charles J. Bullock asked colleagues for reading lists to provide students preparing for their degree examinations.  The historian Frederick Jackson Turner responded with the following list. In the same folder there is a list of Ph. D. examination questions for U. S. history that is undated but most likely from that time as well (1912).

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153 Brattle St
Cambridge, June 14, 1912

 

Professor C. J. Bullock,
Harvard University

 

My dear Bullock,

I suggest the following list in reply to your letter asking for books suitable for preparation for the examination of one of your graduates in Economics. I omit economic aspects in my list, as I take it these are covered by other lists.

For a general view he should read

either

A. B. Hart (ed) Epochs of Am. Hist.—3 vols.

or

Encyclopaedia Britannica, art. U. S.—history, 11th ed.

or

Cambridge Modern History, VII (U.S.)

 

He should read more extensively in standard histories. One of the following groups would seem reasonable:

A. Select ten volumes from:

E. Channing, History of U. S. (2 vols. out)

J.  Schouler,   History of U. S.

J. F. Rhodes, History of U. S.

or B. Select fifteen volumes from:

A. B. Hart (editor) Am. Nation Series, e.g. vols. 10-19, 21-25. The colonial period and the civil war could, in this case, be supplied by reading C. M. Andrews, The Colonial Period (in press, H. Holt) and F. L. Parson, The Civil War, both of the above being little books in the Home University Library. Of course it would be better to read Channing, or Osgood (Am. Colonies, 3 vols.)

 

or C. Select ten volumes of Am. Nation Series and ten volumes of the following:

American Statesmen Series:

Washington, Hamilton, Jefferson, Clay (2 vols.), Calhoun, Lincoln, Chase, Blaine; and T. Burton, John Sherman, A. Johnson, Douglas, R. G. Thwaites, D. Boone.

 

On political institutions and diplomacy:

J. Bryce, American Commonwealth (last edn)
E. Stanwood, Presidency
A. Johnston, American Politics
C. A. Beard, American Government and Politics
McClain’s or Boyd’s Cases on Constitutional Law
H.W. Rogers (editor) Constitutional History (“Michigan Law Lectures”

J. B. Moore, American Diplomacy
or J. W. Foster, Century of American Diplomacy

A.B. Hart, Foundations of American Foreign Policy
or A. C. Coolidge, U. S. as a World Power

In general I should say that the candidate should possess a good general knowledge of the narrative American History; a clear understanding of the history of political parties and issues, including the most important constitutional questions, leading cases, etc.; a firm hold on the history of the development of the significant political institutions; a good working knowledge of the main problems of our foreign relations; and a well considered and well based estimate of the work and characteristics of the leading statesmen. (Of course such economic history as lands, tariff, internal improvement, banking, and currency and finance are otherwise provided for.)

It is not unlikely that you may conclude that the above list is either too extensive or too limited for the purpose in hand. In that case use your judgment.

Sincerely yours,

[signed]

Frederick J. Turner

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Ph. D. Examination in American History since 1789.

  1. Of what officers was Washington’s first cabinet composed? Is the cabinet provided for in the constitution? When and under what circumstances have additions been made to it? What are its powers? What books treat of its history?
  2. What are the principal periods and steps in the development of the speakership of the House of Representatives? Name and characterize the four greatest speakers. Give a list of secondary sources useful on this topic.
  3. Could a political party which held the Presidency and Congress procure a repeal of decision of the supreme court obnoxious to it, as for example the income tax decision of 1895, if the Democrats had won? How could this be done, if it could be done? On what occasions would a dominant party have been tempted to make use of such a power if it existed?
  4. What were the most important legislative policies of the following men: Henry Clay, Thomas H. Benton, John C. Calhoun?
  5. Ought Stephen A. Douglas’s biography to be included in the American Statesmen series? Why?
  6. What were the significant policies of the Democratic party 1830-1850, and who were the leaders of the party?
  7. Was the Mexican war an unjust war? What is its significance in American history? Authorities on the question.
  8. Discuss Thaddeus Stevens as an American Statesman? Was his reconstruction policy wise? How far was it put in operation? How did Lincoln’s and Johnson’s reconstruction policy differ from each other? What were the most enduring results of the legislative and constitutional enactments constituting reconstruction?
  9. Briefly explain the following leading cases: Hylton v. U.S.; Prize cases; Marbury v. Madison; Fletcher v. Peck; Cohens v. Virginia?
  10. Sketch three important incidents showing the influence of sectionalism in American history, selecting one from each of these periods: 1789-1815; 1815-1835, 1870-1896.
  11. What is the best “help” in finding “congressional documents” for the purposes of American history? What are the primary sources for debates in House and Senate 1789-1820?

 

Source: Harvard University Archives. Department of Economics, Correspondence & Papers, 1902-1950 (UAV 349.10), Box 25, Folder “Suggested Readings”.

Image Source: Harvard Album, 1916.

 

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Bibliography Courses Economists Exam Questions Harvard Suggested Reading Syllabus Uncategorized

Harvard. Econ 113b. Schumpeter’s Grad Course on the History of Economics. 1940.

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Joseph Schumpeter offered this one semester, second term graduate course “History and Literature of Economics since 1776” nine times during the period 1940-1949. The core readings were basically unchanged. Below you will find the course enrollment figures and the reading list for 1940 (into which I have inserted the two additions from the reading list for 1941). Exam questions from 1940 and 1941 are included as well as an important research tip at the bottom of the posting. Nobel Laureates James Tobin and Robert Solow took this course in 1940 and 1947, respectively. I have gone to the trouble of providing links to almost the entire reading list as a public service to the history of economics community of scholars.

The (much reduced) reading list for the last time Schumpeter taught the course, Spring 1949 is transcribed in a later post.

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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….

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[Course Description: History and Literature of Economics since 1776]

Course work will mainly consist in critical study of the leading English, French, German and Italian contributions to economic thought in the nineteenth century. An introductory and a concluding series of lectures and discussions will provide the links with earlier and modern developments. Undergraduates who have passed Ec A are admitted without individual permission

Source: Joseph Schumpeter Papers, Harvard University Archives, HUG (FP) 4.62. Box 10 “Lecture Notes”, Folder “Ec 113, 1941”.

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Course Enrollment Statistics:

Grad. Students Seniors Juniors Radcliffe Other Total
1939-40 9 3 1 0 3 16
1940-41 11 2 0 3 1 17
1941-42 5 1 0 4 1 12
1942-43 10 3 0 6 3 22
1943-44 2 1 0 3 3 9
1944-45 Not offered
1945-46 18 2 5 25
1946-47 21 1 0 6 7 35
1947-48 17 4 0 2 7 30
1948-49 2 1 0 0 1 4

Note: The course number was Economics 113b until the academic year 1947-48, under the new course numbering system in 1948-49, it became Economics 213b. Joseph Schumpeter died in January 1950.

Source: Harvard/Radcliffe Online Historical Reference Shelf. Harvard President’s Reports.

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Economics 113b
[History and Literature of Economics since 1776]
1939-40
[second term]

 

I. For general reference you should currently consult:

Erich Roll, A History of Economic Thought (1939, [link to 1945 edition]), or
L. H. Haney, History of Economic Thought (1927).[1923 revised edition]

Suggestions:

John M. Keynes, Essays in Biography (Essays on Malthus, Marshall and Edgeworth).

 

II. Works dealing with the history of individual doctrines or problems. No assignment.

Suggestions:

E. Boehm-Bawerk, Capital and Interest, Vol. I.
E. Cannan, Theories of Production and Distribution (1924). [2nd ed., 1903]
F. W. Taussig, Wages and Capital (1896).
J. Viner, Studies in the Theory of International Trade (1937), Chs. I and II.
K. Marx, Theorien über den Mehrwehrt (1921). [1910 edition by Karl Kautsky: vol I, vol. II(1), vol. II(2), vol. III.]

 

III. This course covers many authors whose teaching is also dealt with in other courses and whose works are more or less familiar to every student. The most important of them are:

Adam Smith, Wealth of Nations, also read the introduction to Cannan’s edition.
David Ricardo, Principles of Political Economy.
John Stuart Mill, Principles of Political Economy; also read introduction to Ashley’s edition.
Alfred Marshall, Principles of Economics, particularly Book V.
John B. Clark, Distribution of Wealth (1899).

Suggestions:

Augustin Cournot, Principles of the Theory of Wealth (Fisher’s edition, 1927).
Léon Walras, Element d’économie pure (edition definitive, 1926).
Knut Wicksell, Lectures on Political Economy (Robbins’ edition, 1934). [volume I, volume II]

 

IV. In addition, the following books should be read, at least cursorily:

Richard Cantillon, Essai sur la nature du commerce en général (1755); English translation by Higgs (1931).
David Hume, Political Discourses (edition by Green and Grose, 1875), Vol. I. [Miller edition]
Sir James Steuart, Principles of Political Economy (1767). [Vol I (1767); Vol II ]
A. R. J. Turgot, Réflexions sur la Formation et la Distribution des Richesses (1766), (Oeuvres, ed. Daire, 1844). Vol I; Vol II.
Thomas R. Malthus, Essay on the Principle of Population (1798). [1803 edition, enlarged]
Jean B. Say, Traité d’économie politique (1803). [2nd ed. 1814] [1855 English translation from 4th and 5th editions]
William N. Senior, Outline of the Science of Political Economy (1836).
William St. Jevons, Theory of Political Economy (1871).
J. E. Cairnes, Leading Principles.
Karl Marx, first volume of Das Kapital (English translation).

Suggestions:

J. H. v. Thünen, Der isolierte Staat (ed. Waentig, 1930).
R. Auspitz und R. Lieben, Untersuchungen über die Theorie des Preises (1888), (also translation into French). [Vol. I (French); Vol. II (French)]
Carl Menger, Grundsätze der Volkswirtschaftslehre (London School reprints, 1934). [English translation with introduction by F. A. Hayek]
F. Y. Edgeworth, Mathematical Psychics (London School reprints, 1932).
M. Longfield, Lectures on Political Economy (London School reprints, 1931).
H. C. Carey, The Past, the Present and the Future (1848).
H. George, Progress and Poverty (1879).
S. Newcomb, Principles of Political Economy (1885).
Ph. Wicksteed, The Commonsense of Political Economy (1908).

 

V. Monographs on individual authors. No assignments.

Suggestions:

[Addition to list in 1940-41: Henry Higgs, The Physiocrats (1897)]
W. R. Scott, Adam Smith as Student and Professor (1937).
J. Rae, Life of Adam Smith (1895).
J. Bonar, Malthus and his Work (1924). [1885 ed.]
M. Bowley, Nassau Senior and Classical Economics (1937).
F. Mehring, Karl Marx (1936).
J. R. Hicks, Leon Walras (Econometrica, 1934).
[Addition to list in 1940-41: H. W. Jevons and H. S. Jevons, “William S. Jevons,” Econometrica]

Source: Syllabi, course outlines and reading lists in Economics, 1895-2003. Harvard University Archives, HUC 8522.2.1. Box 2, Folder “1939-40, 2 of (2)” and Folder “1940-41”.

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1939-1940
HARVARD UNIVERSITY
ECONOMICS 113b2

Answer any FOUR out of the following five questions:

  1. Discuss the wage-fund theory and its practical implications. In what sense was it resuscitated by Boehm-Bawerk and Taussig?
  2. Exponents of the Labor-Quantity theory of value and exponents of the Marginal Utility theory of value have for decades tried to refute each other. What is the true relation between the two theories?
  3. State and criticize the Marxian theory of Surplus Value or of Exploitation.
  4. What do you think of the so-called Ricardian theory of rent?
  5. What are the main objections that were raised against the “Austrian school” during the early stages of its development?

Final. 1940

 

Source: Joseph Schumpeter Papers, Harvard University Archives, HUG (FP) 4.62. Box 10 “Lecture Notes”, Folder “Ec 113, 1941”.

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1940-1941
HARVARD UNIVERSITY
ECONOMICS 113b2

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

  1. If a layman, trying to make intellectual conversation, asked you what Adam Smith’s performance consisted in, what would you say?
  2. What was the importance, for the economic theory of its time, of Malthus’ Essay on Population?
  3. Explain the meaning and use of the theorem usually referred to as Say’s Law.
  4. What are the conditions that would have to be fulfilled in order to make the labor-quantity theory of value true?
  5. State and discuss Ricardo’s version of the so-called law of the falling rate of profit.
  6. Jevons, Walras and Menger no doubt felt that they had revolutionized economic theory. What did this revolution consist in and how important do you think it was?
  7. Under modern conditions, most producers have no use for any significant part of their products. Hence their subjective valuation of these products depends on what these products will exchange for, that is to say, on their prices. How, then, can we derive these prices from utility schedules of buyers and sellers without reasoning in a circle?

Final. 1941.

Source: Joseph Schumpeter Papers, Harvard University Archives, HUG (FP) 4.62. Box 10 “Lecture Notes”, Folder “Ec 113, 1941”.

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Research Tip: 75 pages of student notes taken by future Nobel Laureate James Tobin for Economics 113b2 of the 1939-40 academic year are available in the James Tobin Papers at the Yale University Library Manuscripts Collection, Group No. 1746, Box. No. 6 in one of the hard-bound volumes of Tobin’s notes from his Harvard courses.

Image SourceHarvard Album, 1943.

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Economists Suggested Reading

Suggested reading: European emigrés and American Economics. Hagemann. 2011

Harald Hagemann (2011): European émigrés and the ‘Americanization’ of economics, The European Journal of the History of Economic Thought, 18:5, 643-671

Abstract

The development of economics since 1945 was marked by an increasing internationalization that was simultaneously in large part a process of Americanization. This article focuses on the role refugee economists from Continental Europe played in the rise of American economics. It focuses on the emigration of German-speaking economists after 1933; and then deals with the special case of Jacob Marschak who emigrated twice, first from the Soviet Union in 1919 and then from Nazi Germany, and exerted a greater influence in Britain and in the USA. Finally important contributions by émigré economists to game theory, public finance and development economics are reflected.