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Economists Harvard Syllabus Undergraduate

Harvard. Sweezy and Stolper’s Outline for a “good Text”. 1940

 

 

Three handwritten pages of notes taken by Wolfgang Stolper sometime late in 1940 from what appears to have been a brain-storming session with his buddy Paul Sweezy were important enough to Stolper to have been saved by him in a folder filled with economics honors exams and course syllabi from his early years at Swarthmore.

Anyone who has taught an introductory economics course has probably drawn up a rough outline of one’s own ideal course. Stolper actually attached a handwritten title page that was stapled to the three pages “Outline for a good Ec A course or good Text”. I think there is a note of irony in this description, but maybe not, there really was not an abundance of good modern texts of economics at the time. Paul Samuelson’s own text Economics was only published in 1948.

The significance of the outline is to have a glimpse at what other young Harvard economists around Samuelson were thinking at that critical juncture in modern economics.

Note.  I have highlighted my conjectures for the very few illegibilities/ambiguities in the text.

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Outline for a good Ec A course or good Text.
by Paul M. Sweezy and W. F. Stolper
about Nov. or Dec. 1940

  1. Nat[tional] Income
    1. explanation of what it is
    2. how received
    3. how spent
      poverty even of U.S.
    4. difference betw[een] inc[ome] prod[uced] & paid out.
  2. Conditions of Equil[ibrium]
    1. Full employment
    2. Savings & investment
      period analysis
  3. Secular Trends in investment
    1. Industr[ial] Revol[ution] today
    2. Kondratieff waves
    3. cycle
  4. Capital Formation
    Rel[ation] betw[een] investment & Nat[ional] income
    Hoarding & dishoarding
    Variation in effective Dem[and]
    Credit creation
    Fed[eral] Reserve System
    “Say’s Law”
  5. Full employment & Fiscal Policy
    thorough awareness of (8a)
  6. Assuming Full Employment
    how should factors of prod[uction] be allocated most effectively
    perf[ect] compet[ition] & rel[ative] optimum
    MP conditions
  7. Modifications of compet[ition]
  8. Corpor[ations] & unions, how effect terms of the foregoing analysis
    1. level of ec[onomic] activity
    2. the effectiveness of ec[onomic] activity
  9. The interrelationship of markets
    Interrel[ationship] betw[een] nat[ional] inc[ome] & for[eign] trade
    allocation of resources betw[een] agr[iculture] & ind[ustry]
    bal[ance] of payments, & rel[ationship] of monetary systems for trade multipliers
    cap[ital] movementsState activity designed to modify & improve working of the system

    1. Fiscal Policy & distrib[ution] of income
    2. Publ[ic] utilities, R[ail]R[oad] rates
    3. antitrust & monop[oly] regul[ation] Gov[ernment] Corp[orations,] TVA etc.
  10. [Welfare economics]
    Criteria for overall planning

    1. to increase level of activity
    2. to increase welfare
      1. meanings of welfare
      2. Taxation problems:
        shifting of taxes
        stimulating taxes
  11. Alternat[ive] Ec[onomic] Systems—Overall Planning
    State Cap[italism]—Socialism—Fascism
    Feudalism

 

 

Source: Duke University, Rubenstein Library. Papers of Wolfgang F. Stolper, 1892-2001, Box 22, Folder 1.

Image Sources: Paul Sweezy (left) from Harvard Class Album 1942; Wolfgang F. Stolper (right) from  John Simon Guggenheim Memorial Foundation (Fellow, 1947).

 

 

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Curriculum Economists Harvard Undergraduate

Harvard. Undergraduate Economics and WWII, 1942

 

 

In an earlier post Economics in the Rear-view Mirror provided the syllabus and readings for the Harvard course Economics 18b “Economic Aspects of War” offered in the Spring term of 1940. Today’s post provides information about course changes and faculty leaves that were early parts of “broad plans to orient its [i.e., the Department of Economics] program to the nation’s wartime needs” two years later.

Marking the 70th anniversary of the Japanese attack on Pearl Harbor on December 7, 1941, the Harvard Gazette (Nov 10, 2011) posted a bullet point list “to recount Harvard’s role in World War II“.

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Harvard Crimson
March 18, 1942

Training for War Work Offered by Economics
By J. ROBERT MOSKIN

This is the sixth in a series of articles to appear during the coming weeks discussing the effects of the present war on the departments of concentration, their courses, enrollment, and Faculties.

Pointing directly at the preparation of undergraduates for war work in Washington and in the quartermaster corps of the armed services, the Economics Department has developed broad plans to orient its program to the nation’s wartime needs. Although in the blueprint stage now, concrete advancements will be made this summer and next fall.

Economics, of all the non-scientific fields, has organized most fully to adapt its students to the emergency. Upon receiving their bachelor degree, students will be ready to take Civil Service examinations for such positions as junior economist, which pays $2,000 annually, or to complete further graduate work and then enter the supply division of the armed services. There is a large demand for college trained men in both these fields.

Prepared for Peace

Students in the war preparation course for government jobs, the department insists, will not be unfit for peacetime work. They will receive the usual foundation in economics but on a more concentrated and demanding scale with added emphasis on techniques. All students studying for government work, for example, will probably be required to take Math A and courses in Statistics and Accounting. At the present time, these courses are entirely voluntary.

Under the proposed plan, concentrators who wish to prepare along pre-war lines will find the field little altered and a full opportunity to study as in the past. The demands of the current crisis, however, have thrown business as usual into the background and opened the way for the development of an objective service branch in Economics.

Students in this latter portion of the field will also be required to take more economics courses. Now they must have History I, Government I, and four Economics courses including Ec A. While retention of the History and Government requisites is being debated, this minimum will surely be raised.

Two New Courses Planned

Two new courses, bearing directly on war problems, are already scheduled for next fall under the direction of Professor Abbott P. Usher. Bracketing Economic History 1750-1914, 36, Professor Usher will offer two half courses in successive semesters: Location of Economic Activity, General Principles and Current Problems, 65a, and Economic Imperialism and Allied Problems, 44b. Moreover, the contents of current courses will be supplemented to answer questions arising from the war.

The 12-week summer program presents the department with a more complicated situation. Under serious consideration both here and in Washington is a plan to extend instruction in Economics to government workers during the summer term. Courses for these men will be open to undergraduates and in fact will be very often the usual department subjects. The program will probably feature such courses as Money and Banking, Economics of War, and a new course in Commodity Consumption, Distribution and Prices.

Changes Few So Far

But all the planning is still “on order.” While the Economics Department has developed a more revolutionary and extensive war program than many others, its adjustments already in effect are much less extensive.

In the past three years there has been a violent reduction in the number of concentrators in Economics with the 372 of November 1939 down to 267 last November. The department attributes the drop, in the main, to the parallel decline of long terms for younger staff members. This rapid turnover has made for a less experienced Faculty and a slackening of student interest.

This year the department has suffered the loss of two important professors to the war effort. Professor William L. Crum is now working for the Navy and the Treasury and Professor Edward S. Mason is in the Office of the Coordinator of Information in Washington. To replace Mason, who has been absent the entire year, Corwin D. Edwards of the Department of Justice and now visiting lecturer on Economics is giving graduate Instruction in Industrial Organization and Price Policies.

Neither graduate nor undergraduate Instruction has as yet been radically affected by the war, but drastic reductions in graduate enrollment are predicted by the department. Among undergraduate courses, Economics of Agriculture, 71, has been dropped from the roster because Visiting Instructor Albert A. Thornbrough was called to Washington last September. Instructor Lloyd A. Metzler is replacing Professor Mason in Industrial Organization and Control, 62b, while Economic Aspects of War and Defense, 18b, offered in the first half year, has been extended to this semester as 18c and made available to men whether or not they have completed the previous half year’s work.

Image Source.“Harvard goes to war, University’s key role in World War II helped the Allies to triumph” Harvard University Archives, Harvard’s 1943 Commencement. Included in: Corydon Ireland,  Harvard Gazette, November 10, 2011.

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Curriculum Fields Harvard Undergraduate

Harvard. Taussig Reports to Alumni About the Special Needs of the Economics Department, 1915

 

A recent post provided Harvard President Lowell’s interpretation (1916) of the results of a recently completed study on economics instruction at Harvard (subsequently published in 1917). In this post we see how Professor Frank W. Taussig spins his reception of the ongoing study for a pitch to Harvard alumni to get over their edifice complexes (i.e. their revealed preference to fund new structures) and to create more endowments to fund graduate students and post-docs who are an important link between the research and instructional missions of the University in general and the department of economics in particular.

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THE DEPARTMENT OF ECONOMICS.
PROF. F. W. TAUSSIG, ’79.

The most striking change that has taken place during the last fifty years in the content of the College curriculum has been the dominance acquired by the political and economic subjects. What Greek, Latin, Mathematics were a half-century ago, that Economics, Government, History are now, — the backbone of the ordinary undergraduate’s studies. I will not undertake to say whether on the whole the change is or is not to be welcomed. It has its good sides and its bad sides. In one respect it is undoubtedly good. The main cause behind it is a great awakening of public spirit, — a consciousness that the country is confronted with pressing political and economical problems, and that we must gird our loins to meet them. And an assured consequence will be that the new generation of College men, who are being graduated every year by the thousands and tens of thousands, all trained in these subjects, will constitute a leavening force which must in time affect profoundly and beneficially the conduct of public affairs. At all events, so far as university teachers and administrators are concerned, the plain fact must be faced: instruction in these subjects has to be provided on a large scale.

The responsibility thus devolving on the Harvard Department of Economics among others was impressed on its members by the outcome of the new system of concentration introduced in 1910. It appeared that in some years this department had the largest number of concentrations of any; and in every year the number was very large. Its only rival was the English Department. These figures — familiar enough to Harvard men — set the economists to thinking. Under the able leadership of the chairman, Prof. C. J. Bullock, a deliberate inspection of the Department’s work was decided on. Obviously, the surest way to get at the unvarnished facts was to enlist the services of outside critics. To this end the Department of Education was asked to come to our aid. Its members were invited to attend lectures and recitations, to read examination books and theses, to learn by questionnaires what the students themselves said and thought, to suggest improvements. In addition, some members of the Visiting Committee appointed by the Board of Overseers really visited, attending systematically the exercises in some courses and preparing valuable critical reports. The Educators responded to the appeal with gratifying heartiness, and the two Departments have cooperated cordially in a course of action which is unique in the history of the University.

Already this movement has borne fruit; and it will bear still more. The introductory course Economics A (which has successively borne the names Philosophy 6, Political Economy 1, Economics 1, and now Economics A) has been systematically visited. New methods of instruction have been suggested, old methods have been tested, promising devices are on trial. It should be added that the more expensive and effective methods of instruction tried in it, and started even before the educational survey, were made possible only by generous financial support from the Visiting Committee. This is the largest elective course in College, having over 500 students; here is the most important teaching task. In the next tier of courses, two are being conducted on new lines; in these cases on the department’s own initiative rather than in consequence of advice from outside. They are the undergraduate courses on accounting and statistics, in which something closely akin to a laboratory system is being applied. That is, the assigned tasks are done, not in the student’s room and at his own (procrastinated!) hour, but in special quarters equipped for the purpose, at times appointed in advance, and under the supervision and with the aid of well-trained assistants. Other courses, especially those having considerable numbers, are now under similar inspection, and we have every hope that in them also good advice will be secured and good results obtained.

The problems of instruction in this subject, as in so many others, are far from being solved. How far lecture, how far enlist discussion, how far recite? In what way bring it about that the students shall think for themselves? In what way communicate to them the best thinking of others? Almost every department of the University, not excepting the professional schools, is asking itself these questions and is experimenting with solutions. Undoubtedly, different methods will prove advantageous for different subjects. Within the Department of Economics itself there is occasion for variety in methods. Some courses, especially those dealing with matters of general principle and of theoretic reasoning, are best conducted by discussion. Others, dealing with concrete problems, with the history of industry and of legislation, with description and fact, call for a judicious admixture of required reading, lectures, written work. In all, the great thing to be aimed at is power and mastery: training in thinking for yourself, in reaching conclusions of your own, in expressing clearly and effectively what you have learned and thought out. The courses that deal with industrial history, with the labor problems, with railways and combinations, taxation and public finance, money and banking, need something in the nature of laboratory work, such as I have just referred to; an extension and improvement, supervision and systematization, of the familiar thesis work.

Now, throughout all such endeavor and experimentation, the indispensable thing is a staff of capable and well-trained instructors. We need able men, effective personalities. We need them throughout, from top to bottom, — professors, assistant professors, instructors, assistants. The ideal man is one having a good head, good judgment, good teaching power, good presence, good training, the spirit of scholarship and research. Men who possess all these qualities are rare birds; we are in luck when we get the perfect combination. Often we have to accept men not up to the ideal. But we know what we ought to have, and we should strive to get as nearly to its height as we can.

In no subject is there greater need of good teachers and of trained thinkers than in economics. The subject is difficult, and it abounds with unsolved problems. Some things in its domain are indeed settled, — more than would be inferred from current popular controversies or from the differences in the ranks of the economists themselves. But on sundry important topics it is useless to maintain that we have reached demonstrable conclusions. There are pros and cons; conflicting arguments must be weighed; only qualified propositions can be stated. Differences of temperament, of upbringing, of environment, will cause the opinions of able and conscientious men to vary. Hence there is need above all of teachers who can think, weigh, judge; who are aware of the inevitable divergencies of opinion and of the causes that underlie them. There is abundant room for conviction, for enthusiasm, for the emphatic statement of one’s own views. But also there is need, above all in the teacher, of patience, discrimination, charity for those whose views are different.

It is thus of the utmost importance that young men of the right stamp should be drawn into the profession. I say the profession, because it has come to be such. And it is a profession with large possibilities, one that may well tempt a capable, high-spirited, and ambitious young man. Twenty-five years ago, when I was in the early stage of my teaching career, it would have been rash to encourage such a youth to train himself to be an economist. Then academic positions were but ill-paid, and were not held in assured high esteem. The situation has changed. Though salaries are still meager, they are rising; and the public regard for scientific work is increasing for all subjects, and not least for this one. Quite as important is the circumstance that the services of trained economists are now in demand for the public service, and that in this direction there are large opportunities for usefulness and for distinction. The possible range of work has come to be much wider than the academic field. And no large pecuniary bait is necessary to enlist men of the needed quality. Those who are interested primarily in money-making cannot indeed be advised to enter the profession; but they are also not of the sort to be welcomed in it. I am convinced that nowadays there are more young men than ever, in Harvard and elsewhere, to whom something nobler appeals. The spirit of service is abroad in the land, and moves students not only in their choice of college courses, but in their choice of a career. Yet a career should be in sight. There should be a reasonable prospect of promotion, a decent income according to the standards of educated men.

To enlist men of the right stamp in the service of the University there must be still another sort of inducement. There must be a stimulating atmosphere, a pervasive spirit of initiative and research. To mould the thoughts of students and so the opinions of the coming generation is an attractive task; but no less attractive, often more so, — much will depend on temperament, — is the opportunity to influence the forward march of thought, the solution of new problems. As I have just said, economics offers unsolved problems in abundance. There are high questions of theory, concerned with the very foundations of the social order and tempting to the man of severe intellectual ambition. There are intricate questions of legislation and administration, calling for elaborate investigation and pressing for prompt action; these will tempt the man of practical bent. For either sort of work, there must be something more inspiring than the opportunity for routine teaching. The advanced student needs the clash of mind on mind, the companionship of eager inquiry. It is this way that the Graduate School most serves Harvard College, and indeed is indispensable to the College. Without the opportunity and the stimulus of independent scientific work by the graduate students as well as by the teaching staff, it would be hopeless to try to enlist in the University service promising men of the desired quality.

I dwell for a moment on this aspect of the situation, because it is not understood by those among the alumni who believe that too much of the University’s money and too much of the professors’ time are given to graduate instruction. The late Professor Child, one of the most distinguished scholars as well as one of the most delightful men in the annals of Harvard, is said to have remarked that Cambridge would be a most attractive place were it not for the students. The remark reflects the weariness which in time comes over the professor whose teaching is confined to the routine instruction of undergraduates. It is astonishing how much scholarly work of high quality was achieved by Child and others of the older generation, under the untoward conditions of their day; sometimes, there is ground for suspecting, — not, by the way, in Child’s case, — because they simply slighted their routine teaching. Under the new conditions and the new competition in the academic world, we may be sure that if this were the only sort of work expected of the staff, the staff would be made up in the main of men qualified for this work only. It is the opportunity of doing creative work that tempts the highest intellectual ability; and creative work needs a creative atmosphere.

It is to be noted, further, that the source from which Harvard College and all the colleges must draw their teaching staffs is in these graduate schools. The experience of the Department of Economics convinces its members that the only way to secure a good staff of junior teachers, — instructors and assistants, — is to train them in a graduate school. The staff of the Department has been very much improved during the last ten years, and the improvement has come almost exclusively by recruiting from its own advanced students. We are confident that the training we give them is thoroughly good; we even cherish the belief that nowhere else can so good a training be secured. At all events, we try to retain the best of our advanced students in our service; if not indefinitely, at least for considerable stretches of time. And among the inducements which lead them to stay with us are the opportunities not only for teaching, but for research of their own, made possible by a moderate stint of stated work and enriched by the wealth of material in our great library.

What the Department of Economics most needs, then, and indeed what the University most needs in every department, is men. The University must have buildings, laboratories, libraries; but most of all it must have ripe scholars, inspiring teachers, forward thinkers. As it happens, external and mechanical facilities count less in economics than in many other subjects. There is no need of expensive laboratories, such as are indispensable for physics, chemistry, biology, the medical sciences. Like the Law School, we use chiefly collections of books and documents, and convenient lecture and conference rooms. The one fundamental thing is the men, and the one way to get them is to have free money, — enough money to pay good salaries to those on the ground, and to draw to the University the rare genius whenever by good fortune he is to be found. The specific way in which the generous-minded graduate can serve the needs of such a department is by the endowment of instruction and research.

The endowment of instruction ordinarily takes the form of the establishment of a professorship; and this will doubtless remain the most effective way of achieving the end. But there are other ways also. Professor Bullock has recently called attention in these columns to the possibilities of the endowment of economic research. I venture to offer a suggestion for something analogous, — something which may combine the endowment of research with that of instruction, and which has the further merit of not requiring so formidable a sum as is necessary nowadays for the foundation of a professorship. The University has at its disposal a not inconsiderable number of fellowships for training young men of promise. I believe that it could use with high advantage similar posts, more dignified and more liberally endowed, for mature men who are more than promising, — whose powers are proved, whose achievements are assured. Research fellowships they might be called, or professorial fellowships, if you please. An endowment of a moderate amount would enable the incumbent of such a post, if a young unmarried man, to give his whole time to research; if an older man, to limit his teaching hours within moderate bounds and so to give a large share of his time and energy to research and publication. The appointments would be made, I should suppose, for a specified term of years; and they would go preferably to scholars in the full vigor of early manhood. They would be highly honorable, and they would be tempting to men of high ideals and of quality coming up to our own ideals of University service. Will not some of our friends, not of the multi-millionaire class, desirous of doing what they can for our benignant mother, and perhaps of perpetuating a cherished name, reflect on this possibility?

 

Source: The Harvard Graduates’ Magazine. Vol. 24, No. 94 (December, 1915), pp. 274-279.

 

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Curriculum Harvard Undergraduate

Harvard College President Lowell on Instruction in Economics Department, 1917

In 1912 the economics department of Harvard initiated a major study of economics instruction in the University that was completed in 1916 and published as: 

The Teaching of Economics in Harvard University. A Report Presented by the Division of Education at the Request of the Department of Economics. Cambridge, Massachusetts: Harvard University Press, 1917. 248 pages.

I will of course rummage through the report for tidbits to post in Economics in the Rear-View Mirror, but for now, visitors at least have a link that will take them directly to the published study together with the following reflections of the President of Harvard College at the time A. Lawrence Lowell that were stimulated by the study. One does not really feel 100 years away from Lowell’s time, give-or-take a presentation software package, a MOOC or some learning platform (e.g. “Blackboard”).

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From the Annual Report for 1915-16 of the President of Harvard College, A. Lawrence Lowell:

One of the most interesting things done in the College during the last few years has been an invitation given by the Department of Economics to the Department of Education to investigate the undergraduate instruction in economics with a view to its improvement. Such a request to another body was not needed to prove the open mind, the desire to improve, the willingness to change its methods and to deal with its instruction as a systematic whole, which has been conspicuous in the case of the Department of Economics; but it is highly significant and full of promise. The investigation, which occupied a couple of years, has been very elaborate, making a large use of statistics, of questionnaires to instructors, students and graduates, of examination questions designed to test the progress of students in their capacity to deal with problems, and of other methods of inquiry that need not be described here. It has touched many different aspects of instruction, some of them of value far beyond the department immediately concerned. These things will appear when the report is published, but it may not be out of place to mention a couple of them here.

The fundamental questions in all education are the object sought and the result attained. Is economics studied in college for the sake of its general educational value in training the mind and preparing for good citizenship, or with a view to its vocational utility in the student’s subsequent career; and how far does it actually fulfil each purpose? An answer to these questions was sought by means of questionnaires addressed to all students taking economic courses and to a thousand graduates, beginning as far back as the Class of 1880 and comprising men engaged in every kind of occupation. Of course all the persons addressed did not reply, and many of the answers were too vague to be of use. Yet among the replies there were a large number definite enough to be of great value. Of the students, about one-third intended to take up a business of some kind; more than one-half as many were looking forward to the law; while the rest were distributed among all the different careers of which an undergraduate can conceive. Of all these men, about two-fifths gave as their chief reason for electing economics its value in training the mind or in understanding public and social problems; while even of those intending to adopt some occupation for which the subject is popularly supposed to offer a preparation, only about one-fifth expected to find what they learned directly helpful, although many more trusted that it would be of indirect assistance.

More interesting still are the replies from the graduates, for they had been enabled to measure what they had acquired by the light of experience in their various pursuits. The men in almost every occupation speak more commonly of the general cultural or civic benefit that they obtained than of vocational profit. This is notably true of the lawyers, and in a less degree also of the business men. The only two classes of graduates who speak with equal frequency of the two kinds of benefit derived are the journalists and the farmers; but they are few in number, and their answers do not appear to have been closely discriminating in this respect.

Results like those brought out by the inquiry of the Department of Education have a direct bearing upon the teaching of Economics, and the position of the subject in the undergraduate course of study. If the chief value of economics, is vocational, it ought to be taught mainly from that point of view, and undergraduates ought not to be generally encouraged to elect it who will not pursue some vocation to which it leads. But if, on the other hand, its principal benefit lies in training men to think clearly, and to analyze and sift evidence in the class of problems that force themselves upon public attention in this generation, then the greater part of the courses ought to be conducted with that object, and it is well for every undergraduate to study the subject to some extent. An attempt to aim at two birds with the same stone, is apt to result in hitting neither. Moreover, a confusion of objectives is misleading for the student. An impression often arises, without any sufficient basis, that some particular subject is an especially good preparation for a certain profession, and the theory is sometimes advocated warmly by the teachers of the subject from a laudable desire to magnify the importance of their field. Students naturally follow the prevailing view without the means of testing its correctness; not infrequently, as they afterwards discover, to the neglect of something they need more. The traditional path to eminence at the English bar has been at Oxford the honor school in literae humaniores, at Cambridge the mathematical tripos, and since the strongest minds in each university habitually took these roads, the results appeared to prove the proposition. It is well, therefore, that we should seek the most accurate and the most comprehensive data possible on the effect of particular studies upon men in various occupations, and upon different classes of minds. Such data are not easy to procure and are still more difficult to interpret, but when obtained they are of great value, and would throw light upon pressing educational questions about which we talk freely and know almost nothing.

Another matter with which the Department of Education dealt in their inquiry, again by the use of the questionnaire, is the relative value attached by students to the various methods of instruction. These were classified as lectures, class-room discussion, assigned reading, reports, essays or theses prepared by the student, and other less prominent agencies. Taken as a whole the students ascribed distinctly the greatest value to the reading, the next to the class-room discussion, placing lectures decidedly third, with reports and other exercises well below the first three. This order was especially marked in the case of the general introductory course known as Economics A. In the more advanced courses the order is somewhat changed. Even here the required reading is given the highest value, but the lectures in these courses are deemed more important than the class-room discussion. Among the better scholars in the advanced courses the value attributed to the lectures is, in fact, nearly as great as that ascribed to the assigned reading. These men also give to the reports, essays and theses a slightly greater importance than do the elementary and the inferior advanced students, although they do not place them on a par with the other three methods of instruction.

Answers of this kind are not infallible. There are always a considerable number of students who express no opinions, or whose opinions are not carefully considered. Nevertheless the replies are highly significant as indicating an impression—the impression of persons who, imperfect as their judgment may be, are after all the best judges, if not indeed the only judges, of what they have obtained from the different methods of instruction. In some ways the answers are unexpected. One would have supposed that class-room discussion would be of more value in an advanced course than in an elementary one. For it would presumably be remunerative in proportion as the members of the class possess information about the subject and a grasp of the principles involved. Probably the real reason for the relatively small importance attached to it by students in advanced courses is to be found in the fact that many of these courses are conducted mainly as lecture courses without much class-room discussion. The most illuminating fact that appears from the replies is the high value attached to the assigned reading as compared with the lectures. Even in the cases of the better scholars in the advanced courses it is not safe to assume an opinion that the lectures are of equal value with books, because they may be referring strictly to the reading formally assigned which is only a part of the reading that they do.

The problem of the relative value of books and lectures in higher education, or, for that matter, of books and direct oral teaching at school, is one that ought to receive very careful attention. The tendency for more than a generation, from the primary school to the university, has been to throw a greater emphasis on oral instruction as compared with study of the printed page. Half a century ago the boy at school and the student in college were habitually assigned a certain task, and the exercise in the class-room was in the main a recitation, the work of the teacher consisting chiefly in ascertaining whether the task had been properly performed, the set number of pages diligently and intelligently read, and in giving help over hard places or removing confusion in the pupil’s mind. But since that time the whole trend of education in all its grades has been towards in increase in the amount of direct instruction by the teacher. At school he or she talks to the class more and listens less than formerly, teaches it more directly, imparts more information. In the college or university the recitation has almost entirely disappeared, giving place mainly to lectures and in a smaller degree to class discussion. In fact, the impression among the general public, and in the minds of many academic people, is that the chief function of a professor is to give lectures, — not of course in the literal sense of reading something he has written, but imparting information directly to the class by an oral statement throughout the lecture hour.

Lectures are an excellent, and in fact an indispensable, part of university work, but it is possible to have too many of them, to treat them as the one vital method of instruction. This has two dangers. It tends to put the student too much in a purely receptive attitude of absorbing information poured out upon him, instead of compelling him to extract it from books for himself; so that his education becomes a passive rather than an active process. Lectures should probably be in the main a means of stimulating thought, rather than of imparting facts which can generally be impressed upon the mind more accurately and effectively by the printed page than by the spoken word.

Then again there is the danger that if lecture courses are regarded as the main object of the professors’ chair, the universities, and the departments therein, will value themselves, and be valued, in proportion to the number of lecture courses that they offer. This matter will bear a moment’s consideration, for it is connected with certain important general considerations of educational policy. To make the question clear, and point out its bearing upon our own problems, something may be said about the relations that exist between instruction in the College and in other departments of the University.

Many American universities have adopted a combined degree, whereby the earlier portion of the professional instruction in law, medicine, and other technical subjects, is taken as a part of the college course; and at the same time they maintain separate faculties for the college, or undergraduate academic department, and for the graduate school of arts and sciences. At Harvard we have gone on the opposite principle in both cases. We have separated each of the professional schools almost wholly from the college, with a distinct faculty and a distinct student life of its own. We have done this on the ground that a strictly professional atmosphere is an advantage in the study of a profession, and we believe that the earnestness, the almost ferociously keen interest, of the student body in our Law School, for example, has been largely due to this fact. We believe that the best results in both general and professional education are attained by a sharp separation between the two. On the other hand, we have not established a distinct faculty for the graduate school, but have the same faculty and to a great extent the same body of instruction for undergraduates and graduates, each man being expected to take such part of it as fits his own state of progress. We have done this because we have not regarded the Graduate School of Arts and Sciences as exclusively or distinctly a professional school for future teachers. If it were so, it would probably be necessary to give it more of a pedagogical character than it has today. Indeed there has appeared to be no serious disadvantage, such as exists in the case of a purely professional school, in our practice of not separating the graduate school wholly from the college. Although there is a single faculty the two bodies of students are quite distinct, and the graduates take no part in the athletics or social activities of the men in college. They are in no danger of any lack of industry, nor do they suffer from contact with the college students taking courses primarily for graduates. The best Seniors who have reached the point of electing advanced courses are by no means inferior in capacity, education, or earnestness to the average graduate. And, on the other hand, competent undergraduates benefit greatly by following instruction that would not otherwise be open to them.

Our system, by closing professional education to undergraduates, obliges them to devote their college course entirely to academic studies; and at the same time it opens all academic instruction to undergraduates and graduates alike. By so doing it treats the whole list of academic courses as one body of instruction whereof the quantity can be readily measured and the nature perceived. In this way our system brings into peculiar prominence a question that affects the whole university policy in this country. A university, as its name implies, is an institution where all branches are studied, but this principle easily transforms itself into the doctrine that a university ought to offer systematic instruction in every part of every subject; and in fact almost all departments press for an increase of courses, hoping to maintain so far as possible a distinct course upon every sub-division of their fields. This is in large measure due to the fact that American graduate students, unlike German students, tend to select their university on account of the number and richness of the courses listed in the catalogue on their particular subjects, rather than by reason of the eminence of the professors who teach them. Some years ago it happened that a professor of rare distinction in his field, and an admirable teacher, who had a large number of graduate students in his seminar, accepted a chair in another university. His successors at his former post, however good, were by no means men with his reputation. Under these circumstances, one would have supposed that many of his pupils would have followed him, and that fresh students would have sought him in his new chair. But in fact the seminar at the place he left was substantially undiminished, and he had a comparatively small body of graduate students in the university to which he migrated.

The real reason for increasing the list of courses, though it is often not consciously recognized, is quite as much a desire to attract students as a belief in the benefit conferred on them after they come. The result has been a great expansion within the last score of years in the number of courses offered by all the larger universities. Counting two half-courses as equivalent to one full course, our Faculty of Arts and Sciences offered last year to undergraduates or graduates 417½ courses running throughout the year. Of these 67 were designated as seminars, where advanced students work together in a special field under the guidance of the professors. More will be said of these later. Some of the remaining 350½ were in reality of the same character, and others involved purely laboratory work; but most of them were systematic courses of instruction, mainly what are called, not always accurately, lecture courses. In addition, there were 119 more courses listed in the catalogue, but marked as being omitted that year. These are in the main courses designed to be given in alternate years, where the number of applicants is not large enough to justify their repetition annually. A student has thus an opportunity to take them at some time during his college career. They entail upon the instructor almost as much labor in preparation as the others, and are an integral part of the courses of instruction provided by the University. The total number of courses, therefore, offered by the Faculty of Arts and Sciences was 536½, whereby something over 73 were in the nature of seminars.

Some years ago a committee of the Board of Overseers suggested that there were needless courses provided, and the Committee of the Faculty on Instruction examined the whole list, making careful inquiries of the members of the several departments, and reported that with one or two exceptions there were no courses for which good and sufficient reasons could not be given. The result of a similar inquiry would be the same today. There are few, if any, courses that could be seriously considered by anyone as useless or superfluous in themselves. Almost every one of them is intrinsically valuable, and a distinct contribution to the instruction in the subject. Nevertheless, it is a proper subject for consideration whether the policy of offering courses of instruction covering every part of every subject is wise. No European university attempts to do so. No single student can take them all in any large field and his powers would be deadened by a surfeit of instruction if he did. For the undergraduates a comparatively small array of staple courses on the most important portions of the subject, with a limited number of others on more highly specialized aspects thereof, is sufficient. For the graduate students who remain only a year to take the degree of Master of Arts, and who are doing much the same work as the more advanced Seniors, the same list of courses would be enough; and for those graduates who intend to become professors in universities and productive scholars it would probably be better, — beyond these typical specialized courses, which would suffice to show the method of approaching the subject — to give all the advanced instruction by means of seminars where the students work together on related, but not identical paths, with the aid of mutual criticism and under the guidance of the professors. Fewer courses, more thoroughly given, would free instructors for a larger amount of personal supervision of the students, would be better for the pupils; and would make it possible for the University to allow those members of the staff who are capable of original work of a high order more time for productive scholarship. Many a professor at the present day, under the pressure of preparing a new course, cannot find time to work up the discoveries he has made, or to publish a work throwing a new light on existing knowledge.

In making these suggestions there is no intention of urging a reduction of our existing schedule. But it is time to discuss the assumption, now apparently prevalent in all American universities, that an indefinite increase in the number of courses provided is to be aimed at in higher education. The question is whether that policy is not defective in principle, and whether we are not following it to excess, thereby sacrificing to it other objects equally, if not more, important.

Courses are merely a means to an end, and that end is the education of the student. One method of placing courses in their true light as a means of education is the provision of comprehensive examinations for graduation, covering the general field of the student’s principal work beyond the precise limits of the courses he has taken. This has long been done in the case of the doctorate of philosophy; and in the year covered by this report it was applied for the first time to undergraduates concentrating in the Division of History, Government and Economics. Only 24 students of the Class of 1917, who finished their work in three years and concentrated in this field, came under its operation; but they were numerous enough to give a definite indication of the working of the plan. To that extent the results were satisfactory. The examination papers were well designed for measuring the knowledge and grasp of the subject, with a large enough range of options to include the various portions of the field covered by the different candidates; and the examiners themselves were satisfied with the plan as a fair means of testing the qualification of the students. During the coming year a much larger number of men will come up for this comprehensive examination, which promises to mark a new departure in American college methods.

 

Source: Harvard University. Reports of the President and the Treasurer of Harvard College 1915-16 (Cambridge, 1917), pp. 11-19. Reprinted in Harvard Crimson, January 19, 1917.

Image Source: Harvard President A. Lawrence Lowell from Harvard Class Album 1920.

 

Categories
Courses Curriculum Harvard Undergraduate

Harvard. Major Expansion of Economics Course Offerings. 1883

Harvard’s decision to significantly increase its course offerings in political economy in 1883 received some national press coverage (that story posted earlier in Economics in the Rear-View Mirror). Today we have the announcement published in the Harvard Crimson. The trio Charles F. Dunbar, J. Laurence Laughlin and Frank W. Taussig were on their way to launch the take-off into a full academic program of economic study.

______________________

POLITICAL ECONOMY.
Courses of Study for 1883-84.

Harvard Crimson
May 24, 1883

Arrangements recently completed have enabled the college to offer a more extended course of study in Political Economy than that which has been announced. A full statements to be substituted for that given on page 14 of the Elective Pamphlet, will be found below.

On page 15 of the pamphlet, line 13, for Course 6 read Course 7.

  1. Mill’s Principles of Political Economy. – Lectures on Banking and the Financial Legislation of the United States. Mon., Wed., Fri., at 9. Prof. Dunbar and Asst. Prof. Laughlin.
  1. History of Economic Theory and a Critical Examination of Leading Writers. – Lectures. Mon., Wed. at 2 and (at the pleasure of the instructor) Fri. at 2. Prof. Dunbar.
  1. Discussion of Practical Economic Questions. – Theses, Tu., Th., at 3, and a third hour to be appointed by the instructor. Assistant Professor Laughlin.
  1. Economic History of Europe and America since the Seven Years’ War. – Lectures. Mon., Wed., Fri., at 11. Professor Dunbar.
    Course 4 requires no previous study of Political Economy.
  1. Economic Effects of Land Tenures in England, Ireland, France and Germany. – Theses. Once a week, counting as a half course. Asst. Professor Laughlin.
  1. History of Tariff Legislation in the United States. – Once a week, counting as a half course. Mr. Taussig.
  1. Comparison of the Financial Systems of France, England, Germany and the United States. – Tu., at 2, counting as a half course. Professor Dunbar.

As a preparation for Courses 2, 3, 5, 6 and 7 it is necessary to have passed satisfactorily in Course 1.

Course 1 is in Examination Group I.; Course 2, in Group V.; Course 3, in Group XII.; Course 4, in Group III.; Course 7, in Group XI.

The first two courses are intended to present the principles of the science, while the remaining five treat the subject in its historical and practical aspects. No. 2 will take up the principal writers of the present day, as Cairns, Carey and George, together with the current literature of the science. No times of recitation have been assigned to courses 5 and 6, as this will be arranged between the instructors and the students choosing the course. The department intend issuing a full descriptive pamphlet describing the different courses, which can be had at the office in a few days.

Image Source:  Charles F. Dunbar (left) and Frank W. Taussig (right) from E. H. Jackson and R. W. Hunter, Portraits of the Harvard Faculty (1892); J. Laurence Laughlin (middle) from Marion Talbot. More Than Lore: Reminiscences of Marion Talbot, Dean of Women, The University of Chicago, 1892-1925. Chicago: University of Chicago (1936).

Categories
Courses Harvard Undergraduate

Harvard. Principles of Economics. Taussig, Andrew and Bullock. 1906-07

The popularity of the introductory course in economics at Harvard led Frank Taussig to establish a structure of two one-hour lectures per week with ca. 15 sections (of about 25 students) taught by four teaching assistants who administered (and presumably then graded) a 20 minute quiz on a week’s reading assignment that would be followed up with a 35-40 minute class discussion. 

Apparently Taussig’s Columbia University colleague, E.R.A. Seligman, asked Taussig how Harvard ran its principles of economics course. Maybe he was just curious to hear whether Harvard was about to adopt his Principles of Economics With Special Reference to American Conditions. In his answer, Taussig clearly stakes his claim to have invented the large lecture with small recitation sections format. 

 

_________________________

[Copy of letter from Frank W. Taussig (Harvard)
to E.R.A. Seligman (Columbia)]

Cotuit, Mass.
Aug. 8, 1906

Dear Seligman:-

Our present system in Economics 1, is as follows. There are three exercises a week, of which two are lectures, and the third is for section work, something like what you call a quiz. The lectures are given to all the men in a large lecture hall. During the first half year I give all the lectures; during the second half year it will be given (1906-7) by Andrew and Bullock. For the section work the men are divided into sections of about 30 men each, and meet weekly in separate rooms, and at various hours, in the charge of younger instructors. Each instructor has three to four sections, there are four or five instructors. The first thing at the section meetings is a sort of examination. The question is put on the board and answered in writing during the first twenty minutes; these papers are read and a record kept of the results. The rest of the hour, thirty-five or forty minutes, is given to oral discussion.

Last year we used three text-books, Mill, Walker, and Seager. Specific assignments of reading are made for each week. The lectures cover the same topics as the reading, and the question of the week is on both reading and lectures.

To ensure consistency, the lecturer in charge (for instance myself) meets the younger instructors weekly at a stated hour. Then the questions to be asked by the instructors are submitted for approval, and the work of the week talked over.

This system is of my devising, and has worked better than anything we have tried. It has now been adopted into other large courses, History 1, and Government 1. Any other information I can give you are very welcome to.

I was extremely sorry to hear of your bereavement, and sympathize with you very fully [Seligman’s daughter, Mabel Henrietta died October 30, 1905 at age eleven]. Ripley has returned from Europe. His present address is New London, N. H. I have written a review of your book for our Journal, in which I have said some things that may not please you. But I take it you agree with me that the only object of reviews is to elicit frank statement of opinion. [Taussig’s review of Seligman’s Principles of Economics, Seligman’s Reply and Taussig’s Rejoinder]

Sincerely yours,
F. W. Taussig.

Prof. E.R.A. Seligman,
Lake Placid, N.Y.

_________________________

Course Announcement 1906 (no description)

ECONOMICS
Primarily for Undergraduates

  1. Principles of Economics. Tu., Th., Sat. at 11. Professor Taussig, Asst. Professors Bullock and Andrew, assisted by Messrs. Howland, Lewis, Huse, and Mason.

 

Source: “Announcement of the Course of Instruction offered by the Faculty of Arts and Sciences 1906-07, 2nd edition”. Official Register of Harvard University, Vol. III, No. 15, Aug. 1, 1906. P. 47.

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Course Announcement 1910-11 with Description

INTRODUCTORY COURSES
Primarily for Undergraduates

  1. Principles of Economics. Tu., Th., Sat., at 11. Professor Taussig, assisted by Drs. Huse, Day, and Foerster, and Messrs. Sharfman and Balcom.

Course 1 gives a general introduction to economic study, and a general view of Economics for those who have not further time to give to the subject. It undertakes a consideration of the principles of production, distribution, exchange, money, banking, international trade, and taxation. The relations of labor and capital, the present organization of industry, and the recent currency legislation of the United States will be treated in outline.

The course will be conducted partly by lectures, partly by oral discussion in sections. A course of reading will be laid down, and weekly written exercises will test the work of students in following systematically and continuously the lectures and the prescribed reading.

 

Source: History and Political Science, Comprising the Departments of History and Government and Economics, 1910-11. Official Register of Harvard University, Vol. VII, No. 23, June 21, 1910, p. 52.

Note: The course description is almost a verbatim copy of that for 1902-03, so we can presume the same description for 1906-07.

_________________________

Course Enrollment 1906-07

  1. Professor Taussig and Asst. Professors Bullock and Andrew, assisted by Messrs. Martin, Mason, G.R. Lewis, Huse, and Holcombe,–Principles of Economics.

Total 392: 1 Graduate, 15 Seniors, 43 Juniors, 252 Sophomores, 50 Freshmen, 31 Other.

 

Source: Harvard University. Reports of the President and the Treasurer of Harvard College, 1906-07, p. 70.

Image Source: Harvard Class Album, 1906.

 

Categories
Chicago Economists Funny Business M.I.T. Undergraduate

Chicago. Paul Samuelson’s 50th Class Reunion Questionnaire, 1985

For his 50th class reunion Paul A. Samuelson filled out the following one page questionnaire. Besides revealing the youthful musical taste of this Chicago educated Wunderkind, Samuelson’s responses sometimes even illustrate his writing style (e.g. 7 8/9 grandchildren). I was most struck by his declared favorite professor during these formative years. Guess, then read.

____________________________________

CLASS OF 1935 SURVEY

Your former classmates are interested in what you’re doing.

 

Name Paul A. Samuelson                Maiden Name [blank]

Address MIT E52-383

City/State/Zip Code Cambridge, MA 02139

Your past and present occupation and employer Professor of Economics, Massachusetts Institute of Technology

Anything you wish to mention about your job Overpaid/underworked

Spouse’s name and occupation Risha Samuelson, Painter

No. of children 6       No. of grandchildren 7 8/9            No. of great-grandchildren [blank]

Degrees received and institutions attended AB U of C 1935; AM 1936, Ph.D. Harvard 1941, 2 dozen honorary degrees, including Chicago

Favorite class and professor at the University, and why Henry Simons, Economics! Great economist, great person.

Most rewarding, exciting, or unusual experience as a student Being reborn as a scientist-scholar

Most memorable moments since graduation Nobel Prize, 1970; birth of triplets, 1953; first-born, 1946

Favorite song or band of the ‘30s Wayne King, Hal Kemp, Paul Whiteman

Other affiliations (clubs, professional associations, political parities) [blank]

Have you received any civic, community, or academic honors? Yes

Accomplishments, interests, hobbies that you find especially significant Tennis

Future plans Economic writing

Please share any other information that your classmates may find interest I was given a great education, in the Midway’s golden age

 

Please return this form by April 15, 1985. You may attach an additional sheet if needed. Mail to: Reunion ’85 Network, 5757 S. Woodlawn Avenue, Chicago, IL 60637

[pencil note: Sent 2/22-85]

 

Source: David M. Rubenstein Rare Book & Manuscript Library, Duke University. Paul A. Samuelson Papers, Box 4, Folder “Personal”.

Image Source:  Henry Calvert Simons. University of Chicago Photographic Archive, apf1-07614, Special Collections Research Center, University of Chicago Library.

Categories
Courses Harvard Syllabus Undergraduate

Harvard. Intermediate Economic Theory and Policy. Monroe, 1947-48

Before heading off to the pastures of retirement, Harvard’s Arthur Eli Monroe taught a year-long undergraduate intermediate economics course, Economic Theory and Policy. His syllabi for 1947-48 show a serious attempt to weave contemporary textbook material with readings from major contemporary works and links to the history of economics.

A less than serious attempt was made, it appears to me, in writing the questions for the final examination for the two terms. They appear to be of the give-the-student-enough-rope-to-hang-himself variety.

More biographical information for Monroe can be found in the earlier posting:

Harvard. Undergraduate Economic Theory (Shorter Course). Monroe, 1937-8

 

_________________________________

Monroe’s 1948 AEA Listing

Monroe, Arthur Eli, 5 Concord Ave., Cambridge 38, Mass. (1915) Retired, teach., edit.; b. 1885; A.B., 1908, A.M., 1914, Ph.D., 1918, Harvard. Fields 1ab, 7, 9. Doc. dis. Monetary theory before Adam Smith(Harvard Univ. Press, 1923). Pub. Early economic thought (1924), Value and income (1931) (Harvard Univ. Press); “Demand for labor,” Q.J.E., 1933. Dir. W.W. in Amer.

 

Source: American Economic Association, Alphabetical List of Members (as of June 15, 1948). The American Economic Review, Vol. 39, No. 1 (January 1929), p. 131.

_________________________________

 

Course Staffing and Enrollments: Economics 1a and 1b, 1947-48

[Economics] 1a. Dr. Monroe.—Economic Theory and Policy (F)

Total 74: 1 Graduate, 45 Seniors, 19 Juniors, 2 Sophomores, 6 Radcliffe, 1 Other.

 

[Economics] 1b. Dr. Monroe.—Economic Theory and Policy (Sp)

Total 46: 2 Graduates, 38 Seniors, 3 Juniors, 3 Radcliffe.

 

Source: Report of the President of Harvard College and Reports of the Departments for 1947-48, p. 89.

_________________________________

Harvard University
Economics 1a
Fall Term — 1947-48

J. F. Due: Intermediate Economic Analysis*, Chs. I – IV, incl.
G. J. Stigler: Theory of Price, Chs. 5, 6.
N. Kaldor: Economic Journal, March, 1934. [The equilibrium of the Firm, Vol. 44, No. 173, pp. 60-76.]
A. E. Monroe: Value and Income, Ch. XV.

HOUR EXAMINATION—October 30.

Due: Intermediate Economic Analysis, Chs. V, VI.
K. E. Boulding: Economic Analysis, Chs. 24, 25.
E. H. Chamberlin: Monopolistic Competition, Chs. III, V.
Joan Robinson: Economics of Imperfect Competition, Chs. 17, 18, 19.

HOUR EXAMINATION—December 4.

Chamberlin: Monopolistic Competition, Chs. VI, VII.
R. Triffin: Monopolistic Competition…pp. 78-108.

READING PERIOD—One of the following:

A. Gray: Development of Economic Doctrine, Chs. III – X, incl.
P. T. Homan: Contemporary Economic Thought, Essays on Veblen, Marshall, Mitchell
A. G. B. Fisher: Class of Progress and Security, Chs. I – VIII, incl.

Conference periods: Saturdays, 9:30 – 12:30, Littauer M-14.

*Authorized for Veterans’ purchase.

_________________________________

 

Economics 1b
Spring Term — 1948

 

J. F. Due: Intermediate Economic Analysis*, Chs. 8, 11.
J. B. Clark: Distribution of Wealth, Chs. 11, 12.
J. R. Hicks: Theory of Wages, Chs. 1, 4, 6.
A. E. Monroe: Quarterly Journal of Economics, August, 1933. [The Demand for Labor, Vol. 47, No. 4, pp. 627-646.]
E. H. Chamberlin: Theory of Monopolistic Competition, Ch. 8

HOUR EXAMINATION—March 4.

J. F. Due: Intermediate Economic Analysis, Chs. 9, 10.
E. v. Böhm-Bawerk: Positive Theory of Capital, Book V.
A. E. Monroe: Value and Income, Ch. 8.
J. M. Keynes: General Theory of Employment…, Chs. 13, 15.
C. R. Bye: Developments…in the Theory of Rent, Chs. 1, 2, 3.

HOUR EXAMINATION—April 15.

J. F. Due: Intermediate Economic Analysis, Ch. 12.
F. H. Knight: Risk, Uncertainty and Profit, Chs. 8, 9.

*READING PERIOD—One of the following:

A. G. Gruchy: Modern Economic Thought, Chs. 5, 7, 8.
Theodore Morgan: Income and Employment, Chs. 1 – 15, incl.
Henri Sée: Modern Capitalism

CONFERENCE PERIODS: Saturdays, 9:30 – 12:30, Littauer M-14.

 

*Authorized for Veterans’ purchase.

 

Source: Harvard University Archives. Syllabi, course outlines and reading lists in Economics, 1895-2003. (HUC 8522.2.1) Box 4, Folder “Economics, 1947-48 (1 of 2)”.

Image Source:  Harvard Album, 1942.

Categories
Exam Questions Harvard Undergraduate

Harvard. History of Political and Economic Thought, A.B. Correlation Exam, 1939

Today’s posting is a transcription of the “correlation examination” questions for the history of political and economic thought given at Harvard in May 1939.

Concentrators in Economics will have to pass in the spring their Junior year a general examination on the department of Economics, and in the spring of their Senior year an examination correlating Economics with either History or Government (this correlating exam may be abolished by 1942), and a third one on the student’s special field, which is chosen from a list of eleven, including economic theory, economic history, money and banking, industry, public utilities, public finance, labor problems, international economics, policies and agriculture.
Courses in allied fields, including Philosophy, Mathematics, History, Government, and Sociology, are suggested by the department for each of the special fields. In addition, Geography 1 is recommended in connection with international policies or agriculture.
[SourceHarvard Crimson, May 31, 1938]

A printed copy of questions for twelve A.B. examinations in economics at Harvard for the academic year 1938-39 can be found in the Lloyd A. Metzler papers at Duke’s Economists’ Papers Project. 

Economic Theory,
Economic History Since 1750,
Money and Finance,
Market Organization and Control,
Labor Economics and Social Reform.

  • Six Correlation Examinations given to Honors Candidates.

Economic History of Western Europe since 1750,
American Economic History,
History of Political and Economic Thought,
Public Administration and Finance,
Government Regulation of Industry,
Mathematical Economic Theory.

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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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DIVISION OF HISTORY, GOVERNMENT, AND ECONOMICS
CORRELATION EXAMINATION
HISTORY OF POLITICAL AND ECONOMIC THOUGHT

(Three hours)

 

            Answer either FOUR or FIVE questions, selected from TWO or THREE groups. If questions are taken from only TWO groups, at least TWO questions must be answered in each group. If you answer FOUR questions, write about an hour on ONE of them and mark your answer “Essay.” This question will be given double weight.

 

A
Use a separate blue book for the questions in this part.

  1. “The greatest contribution of the Hellenistic Age in the field of political thought was the idea of cosmopolitanism.”
  2. “Dante’s De Monarchia represents both the culmination and the close of medieval political theorizing on international relations.”
  3. “Luther accepted the medieval conception of the social order, while at the same time rejecting all its sanctions.”
  4. “The Leviathan of Hobbes is the best philosophical comment on the Tudor system.”
  5. Who in your opinion is more typical of the eighteenth-century French thought: Montesquieu, Voltaire or Rousseau?
  6. “In a historical discussion of Romanticism, the term should be used in the plural, not in the singular.”
  7. “Hegel’s philosophy, with its emphasis on the historical continuity and collective nature of society, contributed to the growth of various types of political and social thought.”
  8. Discuss the impact of the theory of Evolution on the idea of Progress.
  9. “The Dictatorship of the Proletariat is a modern version of the Enlightened Despotism.”
  10. “It is highly significant that the present-date dictatorships, while frankly admitting they are anti-liberal nature, all pretend that they are more democratic than the old democracies.”

B
Use a separate blue book for the questions in this part.

  1. To what extent are the classifications of types of governments given by Plato and Aristotle useful at the present day? What amendments or additions would you suggest?
  2. The theory of popular sovereignty in the Middle Ages.
  3. “When Machiavelli based his instruction for Princes on the freedom from restraint, it seemed to the men of his day and unheard-of innovation, a monstrous crime.”
  4. “What is called totalitarianism is really the rediscovery of the doctrine of sovereignty, well-established in the 16th century, by nations which have more recently come to national life and the realization of it. Nothing has been added to the doctrine except the confusion of legal omnipotence with a practical omnicompetence.”
  5. “It was in truth a revolutionary act when Rousseau struck out the contract of rulership from the contractual theory; but it was not wholly without preparation that this stroke fell.”
  6. “It is in general a necessary condition of free institutions that the boundaries of governments should coincide in the main with nationalities.”
  7. How would you explain the weakness and inadequacy of American political thought in the period since the early years of the 19th century?
  8. “The idea of the totalitarian State was born in the last world war, which became a totalitarian war.”
  9. “The Fascist state is not legal but social; it deals with men as they are, not with legal patterns or abstractions. It does not recognize the “rights of citizens”; it offers men, services.”

 

C
Use a separate blue book for the questions in this part.

  1. “For a modern student, seeking to understand and to judge the medieval doctrines about ‘usury’, both the theoretical arguments supplied by Aristotle, and the religious attitude of the Church, are less important than certain medieval economic conditions.”
  2. “The basis of mercantilism was not confusion of the ideas, money and wealth, but a set of conditions which made the policy inevitable and right in that era.”
  3. “Few writers in history have exerted an influence upon the policies of any nation, equal to that of Adam Smith over British fiscal and commercial policy throughout the nineteenth century.”
  4. “The two parts of Ricardo’s system of economic theory were inconsistent; his theory of value or exchange implied, given free markets or free competition, a perfect harmony of all individual interests with one another and the public interest; but his theory of distribution, or wages, profits, and rent, implied a conflict of class-interests, in which Capital robs Labor while the Landlords Rob both.”
  5. “The classical tradition of economic theory is not responsible for the economic interpretation of history; for Marx was led to the latter, not at all by the ideas he borrowed from the classical economists, but wholly by Hegel’s philosophy of history, which he converted from ‘dialectical idealism,’ into his own theory of ‘dialectical materialism.’”
  6. “The ‘marginal utility’ and ‘productivity’ theories were invented in the late 19th century by the Austrian economists, J. B. Clark, and others, in an effort to refute Marx; and they failed to do this, because Marx had written about actual capitalism, while these new theories assumed an economic system that never did, or could, exist.”
  7. “The history of economic theory, in relation to that of the public policies discussed by economists, shows how small a part reason plays in the conduct of human affairs. To take only one example; although all economists have agreed, for a century, that Free Trade is beneficial, and Protection is harmful to every nation, only England heeded them for a little while, and they are now ignored on this issue, thru-out the world.”
  8. “The majority of the nineteenth century economists scarcely recognized, and their present-day successors are still far from understanding, the worst disease of the modern economic system, i.e., that which has caused it, ever since the outset of the industrial revolution, to break down every tenth year or so, in a world-wide depression.”
  9. “The ‘trust-busting’ era in American history had behind it the over-simple theory of business competition and monopoly, of the 19th century economists. But economists now possess a more realistic theory of ‘monopolistic competition,’ which may lead in time to public acceptance, and regulation of monopolies, replacing futile efforts to suppress them.”
  10. “The early, classical economic theory properly emphasized the ‘long-run’ effects of disturbing changes in economic conditions, which if allowed to work themselves out, usually correct the distressing, immediate effects that public opinion always wants governments to correct at once. But as more recent economic theorists have turned to ‘short-run’ analysis, they have fallen a prey, themselves, to the popular fallacies exploded by their predecessors.”

May 12, 1939.

 

 

Source: David M. Rubenstein Rare Book & Manuscript Library, Duke University. Lloyd A. Metzler Papers, Box 7; [Harvard University], Division of History, Government and Economics, Division Examinations for the Degree of A.B., 1938-39.

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Economic History Exam Questions Harvard Undergraduate

Harvard. A.B. Correlation Examination, American Economic History, 1939

Today’s posting is a transcription of the “correlation examination” questions for American economic history given at Harvard in May 1939.

Concentrators in Economics will have to pass in the spring their Junior year a general examination on the department of Economics, and in the spring of their Senior year an examination correlating Economics with either History or Government (this correlating exam may be abolished by 1942), and a third one on the student’s special field, which is chosen from a list of eleven, including economic theory, economic history, money and banking, industry, public utilities, public finance, labor problems, international economics, policies and agriculture.
Courses in allied fields, including Philosophy, Mathematics, History, Government, and Sociology, are suggested by the department for each of the special fields. In addition, Geography 1 is recommended in connection with international policies or agriculture.
[SourceHarvard Crimson, May 31, 1938]

A printed copy of questions for twelve A.B. examinations in economics at Harvard for the academic year 1938-39 can be found in the Lloyd A. Metzler papers at Duke’s Economists’ Papers Project. 

Economic Theory,
Economic History Since 1750,
Money and Finance,
Market Organization and Control,
Labor Economics and Social Reform.

  • Six Correlation Examinations given to Honors Candidates.

Economic History of Western Europe since 1750,
American Economic History,
History of Political and Economic Thought,
Public Administration and Finance,
Government Regulation of Industry,
Mathematical Economic Theory.

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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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DIVISION OF HISTORY, GOVERNMENT, AND ECONOMICS
CORRELATION EXAMINATION
AMERICAN ECONOMIC HISTORY
(Three hours)

Answer either FOUR or FIVE questions, including TWO from each group. If you answer FOUR questions, write about an hour on ONE of them and mark your answer “Essay.” This question will be given double weight.

A
Use a separate blue book for the questions in this part.

  1. Did the colonies profit economically from their position in the British colonial system?
  2. Describe and contrast the land policies of Massachusetts and Virginia in the colonial period.
  3. How much of the weakness of the government under the Articles of Confederation would you attribute to the economic condition of the country?
  4. Why die New York rather than Boston, Philadelphia, Baltimore, Norfolk or Charleston become the pre-eminent port of the United States?
  5. Was slavery profitable?
  6. Can the Republican party on its record 1865 to 1900 be spoken of as the “sound money party”?
  7. Describe the efforts of state governments to regulate the railroads in the period before 1887.
  8. How do you account for the triumph of the American Federation of Labor over the Knights of Labor?
  9. Is there a continuity between the Progressive movement of the early part of this century and the economic policies of Franklin Delano Roosevelt?

 

B
Use a separate blue book for the questions in this part.

  1. “The real forces behind the trust movement were very plain and simple. A lot of excellent bankers in Wall Street found that they could buy two and two, put them together and sell to the public for six or seven or eight.”
  2. “The farmers have always tried to put the blame for their ‘troubles’ on some external factor—money, railroads, trusts—but the real cause was always the same: overproduction.”
  3. Sketch the more important consequences of immigration into the United States in the period 1870-1914.
  4. “The momentary flowering of canal transport in this country a hundred years ago had little basis outside the alluring fantasies of that generation of state planners.”
  5. What important consequences of the public land policy in the nineteenth century remain today?
  6. Discuss the effects of the Napoleonic Wars on American economic life.
  7. “In industrial production America went directly from the handicraft stage to the factory system.”
  8. Explain briefly the attitudes in different regions of the country on questions of monetary and banking policy during the period 1820-1850.
  9. What methods were used by the United States Government to mobilize its economic resources during the World War?

May 12, 1939.

 

Source: David M. Rubenstein Rare Book & Manuscript Library, Duke University. Lloyd A. Metzler Papers, Box 7; [Harvard University], Division of History, Government and Economics, Division Examinations for the Degree of A.B., 1938-39.