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Columbia Teaching Undergraduate

Columbia. On Research Seminaries, a.k.a., graduate workshops. Seligman, 1892

 

The previous post contained a survey of the teaching of economics in Europe and the United States written by Columbia’s E.R.A. Seligman and published in an encyclopedia of education in 1911. In the short list of references there Seligman cites his paper presented in 1892 on the research seminarium, a.k.a. seminary, a.k.a. seminar, a.k.a. graduate workshop. The general points are illustrated with a paragraph about the dual mandate of an economic seminarium: (i) to teach methods of interpretation and explanation (à la history) and (ii) to teach the methods of the formulation and criticism of ideas (à la political science, philosophy or philology). 

Seligman strongly argues for keeping the functions of college (undergraduate) education vs. university (graduate) education distinct from each other.

Also of some interest is the following evidence that the combative and raw tone of economists in seminars appears to have rather deep historical roots:

“Let each member bring in his report, which should be both explanatory and critical; let this report be opened to a running fire of merciless criticism from the other members present…[the student] is spurred on to do his best work by the fear of pitiless criticism and good-natured ridicule.” 

Oh yes, and for collectors of ex cathedra sexist remarks, it is time to put on your safety goggles, e.g. “…when we dub every little second rate college or female seminary a university, we are degrading the title.”

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THE SEMINARIUM:
ITS ADVANTAGES AND LIMITATIONS
1892

By Edwin R. A. Seligman
Professor of Political Economy and Finance, Columbia College, New York

The word seminarium has a very un-American sound. Yet like so many other plants of exotic growth it has been successfully transplanted to American soil. Not only has it become thoroughly acclimatized; but with characteristic American energy, attempts are continually being made to foster its growth in places and under conditions entirely unsuited to its development. What is the real meaning of the seminarium, what are its methods and its limitations?

The original home of the seminarium, it is well known, is to be found in the ecclesiastical schools of the middle ages. The medieval “seminaries” were, as the word implies, veritable seed-plats, institutions in which the youthful would-be religious writer and teacher was taught to unfold the seed of doctrinal disputation, of theological acumen and of pulpit eloquence. The medieval seminaries, however, like the medieval universities were called upon to perform a two-fold task. They were supposed on the one hand to impart to the students a comprehensive knowledge of particular topics, and on the other hand to teach them methods of special work. This latter part of their duties was gradually relegated to an inferior place in the institutions of the 17th and 18th centuries. In the theological seminaries of America it has until very recently played but a minor role; while the creation of general seminaries throughout the land, devoted solely to the ends of high school education, has hopelessly discredited the word. A seminary, in American parlance, has become a place where a not very high grade of secondary education can be received.

With the revival of the interest in science in Germany there came a change. By science, I do not of course mean natural science. The philosophical, the political, the philological disciplines are assuredly as purely scientific as the mathematical or physical or biological. Not so very long ago it had become the fashion to denote by “science” simply the group of natural sciences, and to speak in a rather patronizing tone of the other domains of human knowledge. This was to be ascribed in part indeed to the presumption of the advocates of these youthful disciplines: in part also to the reaction against the philosophical mysticism and transcendentalism of the times. But the main reason, as I take it, was the one that especially concerns us here. These new disciplines — the natural sciences — prospered and grew strong chiefly because they laid hold of and subserved to their ends the important feature of the old medieval seminary idea. They transformed and assimilated this feature and converted it into the principle of original research, of laboratory work. The laboratory is the seedplat of natural science. And it is to the immense and successful extension of laboratory work that we owe the marvelous development of natural science, and the frequent identification of natural science with science in general during a part of the 19th century. If the philosophical disciplines, in the larger sense of the word, were to retain anything of their pristine position, it would be absolutely necessary to quicken them into renewed life by the application of the same principle.

And thus it was that there came about, modestly enough at first, the employment of the seminarium method in Germany. In the beginning used by a few eminent teachers of philology and history, it spread rapidly, until it has become to-day the very core of university work. The seminarium is to the moral, the philosophical, the political sciences what the laboratory is to the natural sciences. It is the wheel within the wheel, the real center of the life-giving, the stimulating, the creative forces of the modern university. Without it no university instruction is complete; with it, correctly conducted, no university can fail to accomplish the main purpose of its being.

The seminarium may be defined as an assemblage of teacher with a number of selected advanced students, where methods of original research are expounded, where the creative faculty is trained and where the spirit of scientific independence is inculcated. Starting out from this definition it will be profitable to discuss in turn the nature and methods of the seminarium, its advantages, its dangers and limitations.

The seminarium is, in the first place, a peculiarly university feature, and an indispensable adjunct to true university work. The difference between the college and the university I take to be this: the college is the place where men are made; the university is the place where scholars are made. The college attempts to develop all the educational sides of a young man’s character; the university confines itself primarily to one side. The college gives him an all-round training, it teaches him to think and to express himself, it acquaints him with the general trend of human knowledge, but it at the same time lays stress on his physical development and to a certain extent on his ethical development; the college wants to turn out true men, gentlemen — men in attainments, in manners, in physique. The most successful college is the one that best combines all these various duties. As Cicero expressed it, the college is to give the education befitting the gentleman. The university on the other hand has quite different aims and purposes. With general all-round knowledge it has nothing to do; for the candidate for university degrees is expected to have already received this general groundwork of training. With physical and ethical or religious training the university has still less to do. Its students are men, not boys: men with serious objects in view, who have neither the leisure for nor the necessity of frittering away their time in athletic pursuits: men whose ethical and religious nature is presumed to have been developed so that they need no further tutelage or moral supervision from their lay preceptors. To sum it up in a word, the college is the place for general education; the university is the place for specialization. In the college students are taught to imbibe; in the university they are taught to expound. In the college the goal is culture; in the university the goal is independence.

But how can this purpose of the university be best attained? The university lectures are indeed good so far as they go: but in themselves they do not fully accomplish the desired end. The university lecture is supposed to give the special student knowledge of his special work. The university professor who is worthy of the name will afford his students what they can not find in books: otherwise there would be no need of attending lectures. He will not only keep his classes informed as to the latest progress and recent thought in the particular field, but will endeavor to expound his own views, to mould the mass of existing knowledge of the topic into a plastic whole, and to shape it by the imprint of his scholarship and his convictions. The university student goes as often to hear the professor as to attend the course. The function of the university lecturer after all is, in the main, to present in compact form the actual condition of the subject; to show the seeker for truth how far the specialization of knowledge has advanced. Specialized information, particular knowledge, — that is the watchword of the university lecture course.

But this in itself is only one-half, and in truth the lesser half, of university work. There remains the instruction in method, in original research, in critical comparison, in creative faculty. Mere knowledge of what others have done, while of supreme importance in preventing sciolism [a superficial show of learning], will in itself never make a thinker. It may give erudition, but will never give method. Were university instruction confined to university lectures, the outlook for the perpetuation and advance of science would be dark indeed.

Let us ascertain, then, the advantages of the seminarium. The advantages are two fold: the advantages to the student; the advantages to the instructor.

In the first place we must note the creation of ties of friendship between the students. In the university, as opposed to the college, the students are as a rule unacquainted with each other. There are commonly no athletic sports, no secret societies, no organizations for mutual good fellowship, to draw the students together. The university students come primarily to work, and have neither time nor inclination for these outside pursuits. They enter the lecture room as strangers, and depart as strangers. The seminarium, which collects the ablest and brightest students around one table, gives them an opportunity of gauging each other’s abilities, of familiarizing each with the other’s strong points, of laying the seeds of future collaboration in scientific or professional work. The value of such acquaintanceship can not be overestimated. Every one who has worked in a seminarium as a student will testify to the fact that he has carried with him not only pleasant memories but also the inspiration from stimulating arguments with his fellow members. The seminarium does in this respect for the better class of university students what the debating society and fraternity do for the college student.

In the second place we notice the increased familiarity with the recent literature. The average student will be content to follow his lecture and do nothing more. He desires to pass his examination, to attain his degree; and he imagines, generally correctly enough, that if he is thoroughly acquainted with his professor’s exposition, he will somehow pull through. A few students may be so interested in the topic that they will voluntarily endeavor to supplement the lectures by an exhaustive course of outside reading. But they for the most part do not know either where to turn or how to begin. The seminarium here again supplies the defect. It is a valuable practice to begin each seminarium exercise with a half hour devoted to the review of current periodical and other scientific publications. If each member e. g. is assigned the periodical literature of some one country, not only will he be required to thoroughly familiarize himself with the current work in that language, but the whole seminarium will thus have presented to it piecemeal the very latest stage of scientific inquiry. If to the review of periodical literature be added a critical review of the newest books, the members will soon find that their range is being extended and that their appetite for further work is being whetted.

In the third place, and most important we note the knowledge of methods of work.

This is the real raison d’être of the seminarium. To teach the student how to handle his material and by interpretation or discovery to make a contribution to the store of existing knowledge, that is the real purpose of the seminarium. The methods must to a certain extent differ according to the nature of the discipline. If the study be history, the method must of course consist primarily in a critical analysis and comment upon the sources, the documents. The members of the seminarium try their hand in turn at interpretation and explanation, and have their endeavors supplemented and rectified by the comments of the professor. To estimate at its true weight the value of historical material in the light of contemporary events and recent criticism is the most difficult task for the incipient historian to learn.

On the other hand if the subject is political science or philosophy or philology, the methods must be a little different. Here the training must be, not in original material, but in the formulation and criticism of ideas. Take political economy, for example. The long and bitter contest between the two factions in economics now bids fair to be settled by mutual compromise. The more tolerant and wiser economists of to-day in all countries recognize that both the historical and the comparative method on the one hand, and the deductive method on the other are not only not mutually exclusive, but complementary; and that the use of each method in turn is of the utmost value in the elucidation of different problems. In discussing such a problem as land tenure e. g. the historical and comparative method is indispensable; in discussing such a problem as the incidence of taxation the historical and comparative method is useless. Economists are becoming catholic in their methods as well as in their aims.

The economic seminarium therefore must train in both methods. The historical and comparative method must be taught by the same canons that are used in the historical seminarium. The original material is found in all manner of documents, statutes, decisions and what not. The student must be shown how to use these documents, how to separate the chaff from the wheat, how to retain the essentials, how to arrange and coordinate the facts. The economic seminarium is in this respect an historical and comparative workshop. But when we come to the other method, different tactics must be employed. Here the wiser plan is to take up a carefully defined special topic, and to spend a number of consecutive sessions in its examination. The best way to learn to think correctly is to ascertain the flaws in the thoughts of others. Let each student be assigned the works of a definite author or class of authors, so that the whole field of the literature will be parceled out to the class. Let each member bring in his report, which should be both explanatory and critical; let this report be opened to a running fire of merciless criticism from the other members present; and let the professor in summing up the day’s discussion point out wherein the advance, if any, has been made. If this discussion goes on from week to week, it may be assumed that the members will at all events have learned what pitfalls to avoid, what examples to follow. Such a training can not fail to produce its good results, if they consist in nothing more than the consciousness on the part of the students of their own shortcomings. In the seminarium the student for the first time feels himself a man; he occupies the place of the preceptor, he makes his own independent and constructive exposition; but he is spurred on to do his best work by the fear of pitiless criticism and good-natured ridicule. Each successive effort, we may be sure, will be better than the last; and if, after two or three years of such training, the student has not learned how to work, the fault lies not with the seminarium but with himself.

But not only does the student derive these advantages from the seminarium. The professor is apt to be equally benefited. In the first place the professor learns to unbend himself. In the lecture room he is the sole arbiter, the oracle. He lays down the law, as he comprehends it. In the seminarium he is not the preceptor but the coworker. He puts himself down to the plane of his students. He criticises them, but must in turn expect to be criticised by them; and the more open and fearless the criticism the better for both. The professor is here the friend, the equal. He leads the discussion, to be sure; but if there are keen, able, bright students present, he may often learn instead of teach. I venture to say, without fear of contradiction, that every successful seminarium conductor has frequently received new ideas, novel suggestions, and helpful stimulus for his own particular work. It is this feeling of equality, of meeting on a common fighting ground that constitutes one of the most precious features of the seminarium. The professor, moreover, is brought into personal and friendly contact with the students — an utter impossibility in the lecture room. And while on the one hand the student must prize highly the opportunity of intimate converse with the professor, the professor on the other hand is enabled to gauge the merits of each, to give to each the needed word of counsel and to form a more definite opinion as a guide in passing on the candidate’s examination and in recommending him for future positions. Finally, the professor will make use of the seminarium in advancing his own particular work. His advanced students may be put on the details of the topic in which he is interested; they may be made to do the dirty work, so to speak, of original investigation. Their results can not, indeed, be implicitly relied on, but they will discover a fact here or a new idea there which, when carefully scrutinized, may be welded together into a composite whole. Every successful teacher will use his seminarium as a work shop. The handiwork of some may be defective but he will generally find something that can be turned to good use. A real seminarium will, in short, be scarcely less valuable to the professor than to the student.

While the advantages of the seminarium are thus plain, its risks and limitations are perhaps in some danger of being overlooked; and this danger is stronger in America than anywhere else.

We energetic Americans, when we get a good thing, are apt to overdo it. College athletics is a good thing; but when professionalism is introduced and educational interests are subordinated to athletic pursuits, it becomes a bad thing. A university is an honored institution; but when we dub every little second rate college or female seminary a university, we are degrading the title. Higher degrees are in themselves a mark of distinction; but when our minor institutions multiply these high degrees and grant them for absurdly inadequate work, all degrees tend to lose their value and significance. So in the same way with the seminarium. The seminarium is a strictly university method. When an attempt is made to introduce these methods into the college, the academy and the high school, not only is it an abuse which will be utterly useless or worse than useless for the student, but one which will tend to cast discredit on the idea itself. The project of extending the benefits of the seminarium to other than university students is a well meaning, but utterly mistaken notion.

The reason is obvious: the seminarium is an adjunct to specialization; but specialization, as we have already indicated, is the work of the university, not of the college or high school. The great danger with higher education in America is that university ideas may be pushed down to manifestly unfit places. Even in the college, the elective system is a good thing only if its operation be carefully restricted. An absolutely free election which would enable a young man to spend all his time in college on a single topic involves a radical confusion of ideas. It would not be a college education, because it would not be a general education, the education befitting a gentleman. It would not be a university education, because the student is not old enough to profit by the university methods. Absolutely free election in the sense indicated, would ruin the college and would also ruin the university; for when university professors are compelled to expound their ideas to immature boys, they are inevitably compelled to degrade their work to the level of their students. The real university course presupposes a certain general foundation; and if this foundation is lacking, the course loses half of its usefulness.

But if specialization is unfit work for the college and high school, to a still greater extent is the seminarium absolutely unsuitable for the college and high school. The seminarium connotes original research; college students have neither the maturity nor the training which are necessary prerequisites to independent thinking. The seminarium implies a certain equality between student and preceptor; the college boy is a manifestly absurd equal for his professor. The seminarium imports the use of the cooperative method; but how can students whose linguistic and literary equipment is necessarily of the slightest successfully employ the arts of comparison and criticism. The seminarium involves the employment of the most advanced pedagogical methods; but advanced methods can be used only with advanced students.

To attempt to employ university methods with immature youths would be even worse than to endanger the cause of university education by pushing it down into the college. The seminarium in the college would be useless and worse than useless. It would be useless because minds in a formative state can not create. That which is itself being created can not produce. Any attempt to construct something new would simply result in a parrot-like repetition of the old.

But the seminarium in the college would be worse than useless; it would be positively deleterious. It would injure the student, because it would lead him to understand that he is doing original work, when he is only rehashing the work of others. It would foster habits of superficiality and of vainglory. To use an agronomic term, it would lead to extensive, not to intensive, culture. A diet of meat is a very excellent thing; but during certain years of our existence we are fed not on meat but on milk. The attempt prematurely to substitute solids for liquids is as perilous in the intellectual, as in the physical, development. The seminarium, moreover, would react on the morale, not only of the student, but also of the teacher. No self-respecting teacher who comprehends what a seminarium means could continue to employ these methods with immature boys without becoming conscious that he is untrue to his mission. He pretends to be doing what he knows can not be done. He is dissipating his energies without accomplishing any positive result, except that of more or less conscious deception. And finally the seminarium in the college and high school is worse than useless, because it would tend to discredit the whole institution. The public would be led to believe that the high school seminarium was the genuine article; and the force of public opinion might in the long run degrade the university seminarium to the plane of its educational congener [person, organism, or thing resembling another in nature or action]. The tendency of unbridled democracy in education, as in politics, is not to pull the average up to the level of the best; but to pull the best down to the level of the average.

Let us strive, therefore, to live up to the ideal. Let us set our standard high and cling to it unflinchingly. If the seminarium is such a potent engine for good, let us develop its possibilities and give free scope to its opportunities. But let us beware of attempting to use it where it ought not to be used: let us beware of emasculating its energy and degrading its position. Let us beware of the misguided zeal which destroys what it endeavors to upbuild. Let us render to Caesar what is Caesar’s, and let us recognize the danger of applying university methods to non-university conditions.

 

Source: Printed paper distributed at the 30th University Convocation of the State of New York, July 5-7, 1892 for discussion Wednesday, July 6.

Image Source:  See “Medieval Universities“, The History of Economic Thought Website of Gonçalo L. Fonseca.

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Survey of Economics Education. Colleges and Universities (Seligman), Schools (Sullivan), 1911

 

In V. Orval Watt’s papers at the Hoover Institution archives (Box 8) one finds notes from his Harvard graduate economics courses (early 1920s). There I found the bibliographic reference to the article transcribed below. The first two parts of this encyclopedia entry were written by Columbia’s E.R.A. Seligman who briefly sketched the history of economics and then presented a survey of the development of economics education at  colleges and universities in Europe and the United States. Appended to Seligman’s contribution was a much shorter discussion of economics education in the high schools of the United States by the high-school principal,  James Sullivan, Ph.D.

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ECONOMICS
History 

Edwin R. A. Seligman, Ph.D., LL.D.
Professor of Political Economy, Columbia University

The science now known as Economics was for a long time called Political Economy. This term is due to a Frenchman — Montchrétien, Sieur de Watteville — who wrote in 1615 a book with that title, employing a term which had been used in a slightly different sense by Aristotle. During the Middle Ages economic questions were regarded very largely from the moral and theological point of view, so that the discussions of the day were directed rather to a consideration of what ought to be, than of what is.

The revolution of prices in the sixteenth century and the growth of capital led to great economic changes, which brought into the foreground, as of fundamental importance, questions of commerce and industry. Above all, the breakdown of the feudal system and the formation of national states emphasized the considerations of national wealth and laid stress on the possibility of governmental action in furthering national interests. This led to a discussion of economic problems on a somewhat broader scale, — a discussion now carried on, not by theologians and canonists, but by practical business men and by philosophers interested in the newer political and social questions. The emphasis laid upon the action of the State also explains the name Political Economy. Most of the discussions, however, turned on the analysis of particular problems, and what was slowly built up was a body of practical precepts rather than of theoretic principles, although, of course, both the rules of action and the legislation which embodied them rested at bottom on theories which were not yet adequately formulated.

The origin of the modern science of economics, which may be traced back to the third quarter of the eighteenth century, is due to three fundamental causes. In the first place, the development of capitalistic enterprise and the differentiation between the laborer and the capitalist brought into prominence the various shares in distribution, notably the wages of the laborer, the profits of the capitalist, and the rent of the landowner. The attempt to analyze the meaning of these different shares and their relation to national wealth was the chief concern of the body of thinkers in France known as Physiocrats, who also called themselves Philosophes-Économistes, or simply Économistes, of whom the court physician of Louis XVI, Quesnay, was the head, and who published their books in 1757-1780.

The second step in the evolution of economic science was taken by Adam Smith (q.v.). In the chair of philosophy at the University of Glasgow, to which Adam Smith was appointed in 1754, and in which he succeeded Hutcheson, it was customary to lecture on natural law in some of its applications to politics. Gradually, with the emergence of the more important economic problems, the same attempt to find an underlying natural explanation for existing phenomena was extended to the sphere of industry and trade; and during the early sixties Adam Smith discussed these problems before his classes under the head of “police.” Finally, after a sojourn in France and an acquaintance with the French ideas, Adam Smith developed his general doctrines in his immortal work. The Wealth of Nations, published in 1776. When the industrial revolution, which was just beginning as Adam Smith wrote, had made its influence felt in the early decades of the nineteenth century, Ricardo attempted to give the first thorough analysis of our modern factory system of industrial life, and this completed the framework of the structure of economic science which is now being gradually filled out.

The third element in the formation of modern economics was the need of elaborating an administrative system in managing the government property of the smaller German and Italian rulers, toward the end of the eighteenth century. This was the period of the so-called police state when the government conducted many enterprises which are now left in private hands. In some of the German principalities, for instance, the management of the government lands, mines, industries, etc., was assigned to groups of officials known as chambers. In their endeavor to elaborate proper methods of administration these chamber officials and their advisors gradually worked out a system of principles to explain the administrative rules. The books written, as well as the teaching chairs founded, to expound these principles came under the designation of the Chamber sciences (Camiralia or Cameral-Wissenschaften) — a term still employed to-day at the University of Heidelberg. As Adam Smith’s work became known in Germany and Italy by translations, the chamber sciences gradually merged into the science of political economy.

Finally, with the development of the last few decades, which has relegated to the background the administrative and political side of the discipline, and has brought forward the purely scientific character of the subject, the term Political Economy has gradually given way to Economics.

Development of Economic Teaching

Edwin R. A. Seligman, Ph.D., LL.D.
Professor of Political Economy, Columbia University

Europe —

As has been intimated in the preceding section, the first attempts to teach what we to-day would call economics were found in the European universities which taught natural law, and in some of the Continental countries where the chamber sciences were pursued. The first independent chairs of political economy were those of Naples in 1753, of which the first incumbent was (Genovesi, and the professorship of cameral science at Vienna in 1763, of which the first incumbent was Sonnenfels. It was not, however, until the nineteenth century that political economy was generally introduced as a university discipline. When the new University of Berlin was created in 1810, provision was made for teaching in economics, and this gradually spread to the other German universities. In France a chair of economics was established in 1830 in the Collège de France, and later on in some of the technical schools; but economics did not become a part of the regular university curriculum until the close of the seventies, when chairs of political economy were created in the faculties of law, and not, as was customary in the other Continental countries, in the faculties of philosophy. In England the first professorship of political economy was that instituted in 1805 at Haileybury College, which trained the students for the East India service. The first incumbent of this chair was Malthus. At University College, London, a chair of economics was established in 1828, with McCulloch as the first incumbent; and at Dublin a chair was founded in Trinity College in 1832 by Archbishop Whately; at Oxford a professorship was established in 1825, with Nassau W. Senior as the first incumbent. His successors were Richard Whately (1830), W. F. Lloyd (1836), H. Merivale (1838), Travers Twiss (1842), Senior (1847), G. K. Richards (1852), Charles Neate (1857), Thorold Rogers (1862), Bonamy Price (1868), Thorold Rogers (1888). and F. Y. Edgeworth (1891). At Cambridge the professorship dates from 1863, the first incumbent being Henry Fawcett, who was followed by Alfred Marshall in 1884 and by A. C. Pigou in 1908. In all these places, however, comparatively little attention was paid at first to the teaching of economics, and it was not until the close of the nineteenth century and the beginning of the twentieth that any marked progress was made, although the professorship at King’s College, London, dates back to 1859, and that at the University of Edinburgh to 1871. Toward the close of the nineteenth century, chairs in economics were created in the provincial universities, especially at Birmingham, Manchester, Liverpool, Sheffield, Bristol, Durham, and the like, as well as in Scotland and Wales; and a great impetus to the teaching of economics was given by the foundation, in 1895, of the London School of Economics, which has recently been made a part of the University of London.

— United States 

Economics was taught at first in the United States, as in England, by incumbents of the chair of philosophy; but no especial attention was paid to the study, and no differentiation of the subject matter was made. The first professorship in the title of which the subject is distinctively mentioned was that instituted at Columbia College, New York, where John McVickar, who had previously lectured on the subject under the head of philosophy, was made professor of moral philosophy and political economy in 1819. In order to commemorate this fact, Columbia University established some years ago the McVickar professorship of political economy. The second professorship in the United States was instituted at South Carolina College, Columbia, S. C, where Thomas Cooper, professor of chemistry, had the subject of political economy added to the title of his chair in 1826. A professorship of similar sectional influence was that in political economy, history, and metaphysics filled in the College of William and Mary in 1827, by Thomas Roderick Dew (1802-1846). The separate professorships of political economy, however, did not come until after the Civil War. Harvard established a professorship of political economy in 1871; Yale in 1872; and Johns Hopkins in 1876.

The real development of economic teaching on a large scale began at the close of the seventies and during the early eighties. The newer problems bequeathed to the country by the Civil War were primarily economic in character. The rapid growth of industrial capitalism brought to the front a multitude of questions, whereas before the war well-nigh the only economic problems had been those of free trade and of banking, which were treated primarily from the point of view of partisan politics. The newer problems that confronted the country led to the exodus of a number of young men to Germany, and with their return at the end of the seventies and beginning of the eighties, chairs were rapidly multiplied in all the larger universities. Among these younger men were Patten and James, who went to the University of Pennsylvania; Clark, of Amherst and later of Columbia; Farnam and Hadley of Yale; Taussig of Harvard; H. C. Adams of Michigan; Mayo-Smith and Seligman of Columbia; and Ely of Johns Hopkins. The teaching of economics on a university basis at Johns Hopkins under General Francis A. Walker helped to create a group of younger scholars who soon filled the chairs of economics throughout the country. In 1879 the School of Political Science at Columbia was inaugurated on a university basis, and did its share in training the future teachers of the country. Gradually the teaching force was increased in all the larger universities, and chairs were started in the colleges throughout the length and breadth of the land.

At the present time, most of the several hundred colleges in the United States offer instruction in the subject, and each of the larger institutions has a staff of instructors devoted to it. At institutions like Columbia, Harvard, Yale, Chicago, and Wisconsin there are from six to ten professors of economics and social science, together with a corps of lecturers, instructors, and tutors.

Teaching of Economics in the American Universities. — The present-day problems of the teaching of economics in higher institutions of learning are seriously affected by the transition stage through which these institutions are passing. In the old American college, when economics was introduced it was taught as a part of the curriculum designed to instill general culture. As the graduate courses were added, the more distinctly professional and technical phases of the subject were naturally emphasized. As a consequence, both the content of the course and the method employed tended to differentiate. But the unequal development of our various institutions has brought great unclearness into the whole pedagogical problem. Even the nomenclature is uncertain. In one sense graduate courses may be opposed to undergraduate courses; and if the undergraduate courses are called the college courses, then the graduate courses should be called the university courses. The term “university,” however, is coming more and more, in America at least, to be applied to the entire complex of the institutional activities, and the college proper or undergraduate department is considered a part of the university. Furthermore, if by university courses as opposed to college courses we mean advanced, professional, or technical courses, a difficulty arises from the fact that the latter year or years of the college course are tending to become advanced or professional in character. Some institutions have introduced the combined course, that is, a combination of so-called college and professional courses; other institutions permit students to secure their baccalaureate degree at the end of three or even two and a half years. In both cases, the last year of the college will then cover advanced work, although in the one case it may be called undergraduate, and in the other graduate, work.

The confusion consequent upon this unequal development has had a deleterious influence on the teaching of economics, as it has in many other subjects. In all our institutions we find a preliminary or beginners’ course in economics, and in our largest institutions we find some courses reserved expressly for advanced or graduate students. In between these, however, there is a broad field, which, in some institutions, is cultivated primarily from the point of view of graduates, in others from the point of view of undergraduates, and in most cases is declared to be open to both graduates and undergraduates. This is manifestly unfortunate. For, if the courses, are treated according to advanced or graduate methods, they do not fulfill their proper function as college studies. On the other hand, if they are treated as undergraduate courses, they are more or less unsuitable for advanced or graduate students. In almost all of the American institutions the same professors conduct both kinds of courses. In only one institution, namely, at Columbia University, is the distinction between graduate and undergraduate courses in economics at all clearly drawn, although even there not with precision. At Columbia University, of the ten professors who are conducting courses in economics and social science, one half have seats only in the graduate faculties, and do no work at all in the college or undergraduate department; but even there, these professors give a few courses, which, while frequented to an overwhelming extent by graduate students, are open to such undergraduates as may be declared to be advanced students.

It is necessary, therefore, to distinguish, in principle at least, between the undergraduate or college courses properly so-called, and the university or graduate courses. For it is everywhere conceded that at the extremes, at least, different pedagogical methods are appropriate.

The College or Undergraduate Instruction. — Almost everywhere in the American colleges there is a general or preliminary or foundation course in economics. This ordinarily occupies three hours a week for the entire year, or five hours a week for the semester, or half year, although the three-hour course in the fundamental principles occasionally continues only for a semester. The foundation of such a course is everywhere textbook work, with oral discussion, or quizzes, and frequent tests. Where the number of students is small, this method can be effectively employed; but where, as in our larger institutions, the students attending this preliminary course are numbered by the hundreds, the difficulties multiply. Various methods are employed to solve these difficulties. In some cases the class attends as a whole at a lecture which is given once a week by the professor, while at the other two weekly sessions the class is divided into small sections of from twenty to thirty, each of them in charge of an instructor who carries on the drill work. In a few instances, these sections are conducted in part by the same professor who gives the lecture, in part by other professors of equal grade. In other cases where this forms too great a drain upon the strength of the faculty, the sections are put in the hands of younger instructors or drill masters. In other cases, again, the whole class meets for lecture purposes twice a week, and the sections meet for quiz work only once a week. Finally, the instruction is sometime carried on entirely by lectures to the whole class, supplemented by numerous written tests.

While it cannot be said that any fixed method has yet been determined, there is a growing consensus of opinion that the best results can be reached by the combination of one general lecture and two quiz hours in sections. The object of the general lecture is to present a point of view from which the problems may be taken up, and to awaken a general interest in the subject among the students. The object of the section work is to drill the students thoroughly in the principles of the science; and for this purpose it is important in a subject like economics to put the sections as far as possible in the hands of skilled instructors rather than of recent graduates.

Where additional courses are offered to the Undergraduates, they deal with special subjects in the domain of economic history, statistics, and practical economics. In many such courses good textbooks are now available, and especially in the last class of subject is an attempt is being made here and there to introduce the case system as utilized in the law schools. This method is, however, attended by some difficulties, arising from the fact that the materials used so quickly become antiquated and do not have the compelling force of precedent, as is the case in law. In the ordinary college course, therefore, chief reliance must still be put upon the independent work and the fresh illustrations that are brought to the classroom by the instructor.

In some American colleges the mistake has been made of introducing into the college curriculum methods that are suitable only to the university. Prominent among these are the exclusive use of the lecture system, and the employment of the so-called seminar. This, however, only tends to confusion. On the other hand, in some of the larger colleges the classroom work is advantageously supplemented by discussions and debates in the economics club, and by practical exercises in dealing with the current economic problems as they are presented in the daily press.

In most institutions the study of economics is not begun until the sophomore or the junior year, it being deemed desirable to have a certain maturity of judgment and a certain preparation in history and logic. In some instances, however, the study of economics is undertaken at the very beginning of the college course, with the resulting difficulty of inadequately distinguishing between graduate and undergraduate work.

Another pedagogical question which has given rise to some difficulty is the sequence of courses. Since the historical method in economics became prominent, it is everywhere recognized that some training in the historical development of economic institutions is necessary to a comprehension of existing facts. We can know what is very much better by grasping what has been and how it has come to be. The point of difference, however, is as to whether the elementary course in the principles should come first and be supplemented by a course in economic history, or whether, on the contrary, the course in economic history should precede that in the principles. Some institutions follow one method, others the second; and there are good arguments on both sides. It is the belief of the writer, founded on a long experience, that on the whole the best results can be reached by giving as introductory to the study of economic principles a short survey of the leading points of economic history. In a few of the modem textbooks this plan is intentionally followed. Taking it all in all, it may be said that college instruction in economics is now not only exceedingly widespread in the United States, but continually improving in character and methods.

University or Graduate Instruction. — The university courses in economics are designed primarily for those who either wish to prepare themselves for the teaching of economics or who desire such technical training in methods or such an intimate acquaintance with the more developed matter as is usually required by advanced or professional students in any discipline. The university courses in the larger American institutions which now take up every important subject in the discipline, and which are conducted by a corps of professors, comprise three elements: first, the lectures of the professor; second, the seminar or periodical meeting between the professor and a group of advanced students; third, the economics club, or meeting of the students without the professor.

(1) The Lectures: In the university lectures the method is different from that in the college courses. The object is not to discipline the student, but to give him an opportunity of coming into contact with the leaders of thought and with the latest results of scientific advance on the subject. Thus no roll of attendance is called, and no quizzes are enforced and no periodical tests of scholarship are expected. In the case of candidates for the Ph.D. degree, for instance, there is usually no examination until the final oral examination, when the student is expected to display a proper acquaintance with the whole subject. The lectures, moreover, do not attempt to present the subject in a dogmatic way, as is more or less necessary in the college courses, but, on the contrary, are designed to present primarily the unsettled problems and to stimulate the students to independent thinking. The university lecture, in short, is expected to give to the student what cannot be found in the books on the subject.

(2) The Seminar: Even with the best of will, however, the necessary limitations prevent the lecturer from going into the minute details of the subject. In order to provide opportunity for this, as well as for a systematic training of the advanced students in the method of attacking this problem, periodical meetings between the professor and the students have now become customary under the name of the seminar, introduced from Germany. In most of our advanced universities the seminar is restricted to those students who are candidates for the degree of Doctor of Philosophy, although in some cases a preliminary seminar is arranged for graduate students who are candidates for the degree of Master of Arts. Almost everywhere a reading knowledge of French and German is required. In the United States, as on the European continent generally, there are minor variations in the conduct of the seminar. Some professors restrict the attendance to a small group of most advanced students, of from fifteen to twenty-five; others virtually take in all those who apply. Manifestly the personal contact and the “give and take,” which are so important a feature of the seminar, become more difficult as the numbers increase. Again, in some institutions each professor has a seminar of his own; but this is possible only where the number of graduate students is large. In other cases the seminar consists of the students meeting with a whole group of professors. While this has a certain advantage of its own, it labors under the serious difficulty that the individual professor is not able to impress his own ideas and his own personality so effectively on the students; and in our modern universities students are coming more and more to attend the institution for the sake of some one man with whom they wish to study. Finally, the method of conducting the seminar differs in that in some cases only one general subject is assigned to the members for the whole term, each session being taken up by discussion of a different phase of the general subject. In other cases a new subject is taken up at every meeting of the seminar. The advantage of the latter method is to permit a greater range of topics, and to enable each student to report on the topic in which he is especially interested, and which, perhaps, he may be taking up for his doctor’s dissertation. The advantage of the former method is that it enables the seminar to enter into the more minute details of the general subject, and thus to emphasize with more precision the methods of work. The best plan would seem to be to devote half the year to the former method, and half the year to the latter method.

In certain branches of the subject, as, for instance, statistics, the seminar becomes a laboratory exercise. In the largest universities the statistical laboratory is equipped with all manner of mechanical devices, and the practical exercises take up a considerable part of the time. The statistical laboratories are especially designed to train the advanced student in the methods of handling statistical material.

(3) The Economics Club: The lecture work and the seminar are now frequently supplemented by the economics club, a more informal meeting of the advanced students, where they are free from the constraint that is necessarily present in the seminar, and where they have a chance to debate, perhaps more unreservedly, some of the topics taken up in the lectures and in the seminar, and especially the points where some of the students dissent from the lecturer. Reports on the latest periodical literature are sometimes made in the seminar and sometimes in the economics club; and the club also provides an opportunity for inviting distinguished outsiders in the various subjects. In one way or another, the economics club serves as a useful supplement to the lectures and the seminar, and is now found in almost all the leading universities.

In reviewing the whole subject we may say that the teaching of economics in American institutions has never been in so satisfactory condition as at present. Both the instructors and the students are everywhere increasing in numbers; and the growing recognition of the fact that law and politics are so closely interrelated with, and so largely based on, economics, has led to a remarkable increase in the interest taken in the subject and in the facilities for instruction.


Economics
— In the Schools 

James Sullivan, Ph.D., Principal of Boys’ High School, Brooklyn, N.Y.

This subject has been defined as the study of that which pertains to the satisfaction of man’s material needs, — the production, preservation, and distribution of wealth. As such it would seem fundamental that the study of economics should find a place in those institutions which prepare children to become citizens, — the elementary and high schools. Some of the truths of economics are so simple that even the youngest of school children may be taught to understand them. As a school study, however, economics up to the present time has made far less headway than civics (q.v.). Its introduction as a study even in the colleges was so gradual and so retarded that it could scarcely be expected that educators would favor its introduction in the high schools.

Previous to the appearance, in 1894, of the Report of the Committee of Ten of the National Educational Association on Secondary Education, there had been much discussion on the educational value of the study of economics. In that year Professor Patten had written a paper on Economics in Elementary Schools, not as a plea for its study there, but as an attempt to show how the ethical value of the subject could be made use of by teachers. The Report, however, came out emphatically against formal instruction in political economy in the secondary school, and recommended “that, in connection particularly with United States history, civil government, and commercial geography instruction be given in those economic topics, a knowledge of which is essential to the understanding of our economic life and development” (pp. 181-183). This view met with the disapproval of many teachers. In 1895 President Thwing of Western Reserve University, in an address before the National Educational Association on The Teaching of Political Economy in the Secondary Schools, maintained that the subject could easily be made intelligible to the young. Articles or addresses of similar import followed by Commons (1895), James (1897), Haynes (1897), Stewart (1898), and Taussig (1899). Occasionally a voice was raised against its formal study in the high schools. In the School Review for January, 1898, Professor Dixon of Dartmouth said that its teaching in the secondary schools was “unsatisfactory and unwise.” On the other hand, Professor Stewart of the Central Manual Training School of Philadelphia, in an address in April, 1898, declared the Report of the Committee of Ten “decidedly reactionary,” and prophesied that political economy as a study would he put to the front in the high school. In 1899 Professor Clow of the Oshkosh State Normal School published an exhaustive study of the subject of Economics as a School Study, going into the questions of its educational value, its place in the schools, the forms of the study, and the methods of teaching. His researches serve to show that the subject was more commonly taught in the high schools of the Middle West than in the East. (Compare with the article on Civics.)

Since the publication of his work the subject of economics has gradually made its appearance in the curricula of many Eastern high schools. It has been made an elective subject of examination for graduation from high schools by the Regents of New York State, and for admission to college by Harvard University. Its position as an elective study, however, has not led many students to take it except in commercial high schools, because in general it may not be used for admission to the colleges.

Its great educational value, its close touch with the pupils’ everyday life, and the possibility of teaching it to pupils of high school age are now generally recognized. A series of articles in the National Educational Association’s Proceedings for 1901, by Spiers, Gunton, Halleck, and Vincent bear witness to this. The October, 1910, meeting of the New England History Teachers’ Association was entirely devoted to a discussion of the Teaching of Economics in Secondary Schools, and Professors Taussig and Haynes reiterated views already expressed. Representatives of the recently developed commercial and trade schools expressed themselves in its favor.

Suitable textbooks in the subject for secondary schools have not kept pace with its spread in the schools. Laughlin, Macvane, and Walker published books somewhat simply expressed; but later texts have been too collegiate in character. There is still needed a text written with the secondary school student constantly in mind, and preferably by an author who has been dealing with students of secondary school age. The methods of teaching, mutatis mutandis, have been much the same as those pursued in civics (q.v.). The mere cramming of the text found in the poorest schools gives way in the best schools to a study and observation of actual conditions in the world of to-day. In the latter schools the teacher has been well trained in the subject, whereas in the former it is given over only too frequently to teachers who know little more about it than that which is in the text.

See also Commercial Education.

 

References: —

In Colleges and Universities: —

A Symposium on the Teaching of Elementary Economics. Jour. of Pol. Econ., Vol. XVIIl, June, 1910.

Cossa, L. Introduction to the Study of Political Economy: tr. by L. Dyer. (London, 1893.)

Mussey, H. R. Economies in the College Course. Educ. Rev. Vol. XL, 1910, pp. 239-249.

Second Conference on the Teaching of Economics, Proceedings. (Chicago, 1911.)

Seligman, E. R. A. The Seminarium — Its Advantages and Limitations. Convocation of the University of the State of New York, Proceedings. (1892.)

In Schools: —

Clow, F. R. Economics as a School Study, in the Economic Studies of the American Economic Association for 1899. An excellent bibliography is given. It may be supplemented by articles or addresses since 1899 which have been mentioned above. (New York, 1899.)

Haynes, John. Economics in Secondary Schools. Education, February, 1897.

 

Source: Paul Monroe (ed.), A Cyclopedia of Education, Vol. II. New York: Macmillan, pp. 387-392.

Source: E.R.A. Seligman in Universities and their Sons, Vol. 2 (1899), pp. 484-6.

 

Categories
Indiana Undergraduate

Indiana. Undergraduate coursework in economics and commerce, C.F. Zierer (A.B.), 1922

 

 

Scrounging through the economics department archival records at the University of Chicago, I came across the 1925 case of a geography graduate student who petitioned to waive the economics examination required for his degree based upon his extensive undergraduate coursework in economics and commerce at Indiana University. The file includes a hand-written list of the courses and titles of the texts/readings used at Indiana University (1919-22). The student, Clifford M. Zierer went on to teach in the UCLA Department of Geography for forty years (see In Memoriam, below).

I find this list to be an interesting artifact for a variety of reasons: it helps to document what the key texts were in teaching economics at a public university right after WWI; Zierer enrolled as an undergraduate at Indiana University just as the School of Commerce and Finance was established; journalism and advertising can be seen to have been born-together-at-the-hip. I was also struck at just how much business and economics course work Zierer brought with him before entering graduate school in geography.

___________________

The University of Chicago
Department of Political Economy

March 14, 1925

Mr. C. W. Wright
Faculty Exchange

I failed to get the accompanying material from Mr. C. M. Zierer before the departmental meeting on Thursday. Will you raise it next Thursday? The essential facts are these:

  1. The Department of Geography now requests every candidate for the doctorate to meet certain qualifications in the field of Economics. The accompanying carbon of a letter to Mr. J. W. Coulter shows what these qualifications are and also shows a special suggestion for meeting them in the case of Mr. Coulter.
  2. Sometime since, a Mr. Appleton presented himself to me, showing credentials covering a wide range of work in Economics at the London School of Economics. At that particular time there was a good deal of work ahead of the Department on various matters and I conducted a little quiz of my own orally. It was such a clear case that I did not hesitate to certify to Mr. Barrows that Mr. Appleton was qualified in the field of Economics.
  3. This may or may not have set a bad precedent. Certainly Mr. Zierer now points out that he took his Bachelor’s degree at the University of Indiana, graduated with distinction, and received the Phi Beta Kappa. He majored in Economics. His dissertation was the “Industrial Study of Scranton, Pennsylvania.”
    Zierer would be glad to be excused from a written examination, but I think I made it clear to him that there is no precedent in the matter and that it rested entirely with the Department.
  4. In view of the rather wide range of work that he has had in Economics (for which he showed sufficient credentials from the University of Indiana) I think it would be reasonable to excuse him, maybe with an oral quiz added to protect us.

Yours very sincerely,
[signed]
L C Marshall

Handwritten note: Voted to excuse him from exam if agreeable to Barrows. Barrows had no objections. Notified he was excused Apr.3, 1925.   C.W.W.

___________________

Handwritten List of Economics/Commerce Courses
Taken by Clifford M. Zierer at Indiana University
[corrections/additions in square brackets]

Economics 1

 

[E1. Political Economy]

Principles of Economics by F. W. Taussig.
Outlines of Economics by Richard T. Ely
Selected Readings in Economics, [Charles Jesse] Bullock
American Economic Review; Journal of Pol Economy; Quarterly Jour of Economics
J.B. Clark

Journalism 2 Advertising.

Principles of Adv., D. Starch
P. T. Cherington, Advertising as a Business Force;
W. D. Scott, [The Theory of] Advertising;
A. P. Johnson, Library of Advertising

Economics 3 Public Finance [3a] & Taxation [3b. Special Tax Problems]:

[Introduction to] Public Finance by Carl Plehn
[Selected] Readings in Public Finance by [Charles Jesse] Bullock
[The Elements of] Public Finance by W. M. Daniels

Economics 16 Statistics & Graphics [Introduction to Statistics]:

[Horace] Secrist: [An Introduction to] Statistical Methods.
[Willard C.] Brinton: Graphic Methods for Presenting Facts.
Bowley, A. L.,
[D. B.] Copland,
Fields

Economics 7a Principles of Sociology [(a) Social forces] ([Instructor] Weatherly)

[William Graham] Sumner;
[Franklin H.] Giddings
American Journal of Sociology

Economics 6a Money [(6a)]] & Banking [(6b)]]

Horace White; Moulton;
Jevons, W.S., Money [and the] Mechanism of Exchange;
Irving Fisher, Purchasing Power of Money;
J. L. Laughlin, [The] Principles of Money;
Moulton, H.G., [Principles of] Money and Banking;
C. A. Phillips, Readings in Money and Banking;
Kemmerer, F. W., Money & Prices [Money and Credit Instruments in their Relation to General Prices]
Commercial and Financial Chronicle

Economics 5 Advanced Political Economy. [Advanced Economics]

Marshall
[The] Trust Problem, [Jeremiah Whipple] Jenks;

Commerce 11 Business Finance

W. H. Lough [Business Finance, A Practical Study of Financial Management in Private Business Concerns (1917)].
Monopolies & Trusts; Ely, Laughlin, Seligman

Commerce 14 [Principles of] Salesmanship

Norval [A.] Hawkins [The Selling Process, A Handbook of Salesmanship Principles]
J. W. Fisk, Retail Selling;
C. S. Duncan, Marketing [: Its Problems and Methods];
Nystrom, P. H. [The] Economics of Retailing:
Printers Ink

Commerce 22 [sic, “23” is correct] Foreign Trade

[Howard Carson] Kidd [Kidd on Foreign Trade];
B. O. Hough;
C. F. Bastable [The Theory of Foreign Trade];
Ford;
Pepper

Economics 8 Seminar [Seminary in Economics and Sociology]
Commerce 13 Business Organization and Management

D. S. Kimball [Exter S. Kimball, Principles of Industrial Organization (1913)];
[Norris A.] Brisco, Economics of Business;
J. R. Smith, [The] Elements of Industrial Management;
Demer [sic, Hugo Diemer], Factory Organization and Management [sic, Factory Organization and Administration (1910)];
[Frank B.] Gilbreth, [Primer of] Scientific Management;
T. Veblen, Theory of Business Enterprise.
Industrial Management; Administration Magazine

Commerce 15 Railroad [sic, “Railway”] Transportation

Johnson and Van Metre, Principles of Railroad Transportation;
W.Z. Ripley, Railroad Problems;
H. G. Moulton, Railroads vs. Waterways [sic, title is “Waterways versus Railways”];
Dunn, S. O. American Railroad Question;
C. F. Adams, History of Railroads [Charles Francis Adams, Jr., Railroads: Their Origin and Problems (1878)];
McPherson, L. G. Rates and Regulation;
Sprague;
Kemmerer.

Economics 11 History of the Growth of Economic Thought [sic, only “Growth of Economic Thought”]:

Haney [Lewis H. Haney. History of Economic Thought].
Ricardo: Principles of Ec [Principles of Political Economy and Taxation];
Malthus: Population Studies
[John Kells] Ingram: [A] History of Political Economy
Smith: Wealth of Nations

Commerce 23 [sic, 22 is the correct course number] Marketing:

C. S. [Carson Samuel] Duncan [Marketing, its problems and methods]
[The] Elements of Marketing, Paul T. Cherington;
Methods of Marketing [Paul D. Converse, Marketing Methods and Policies (1921)] P. D. Converse;
[Melvin Thomas] Copeland, Marketing Problems;
[Fred E.] Clark, Principles of Marketing

Commerce 12 [Principles of] Investments 

Hough.
R. W. Babson: Business Barometers [used in the Accumulation of Money. A Text Book on Fundamental Statistics for Investors and Merchants (1909)].

Source: University of Chicago Archives. Department of Economics Records. Box 38, Folder 5.
Bracketed additions/corrections by Irwin Collier.

______________________

Clifford M. Zierer
1898-1976
Professor Emeritus

Clifford M. Zierer was born in Batesville, Indiana on July 4, 1898, and attended local schools through high school. For three years, following graduation, he taught in Indiana public schools and spent his summers attending different colleges to improve his teaching background. In 1919 he enrolled at Indiana University and completed an A.B. in economics in 1922. Transferring to geology, he earned an M.A. at Indiana in 1923 and, transferring again, he earned a Ph.D. in geography at the University of Chicago in 1925. Work in three disciplines provided a broad base for his later teaching and research in mineral industries, agricultural land use, and urban geography. Clifford Zierer and Milla Martin, a student at Indiana University, married in June 1925 and in the fall of 1925 the couple came to Los Angeles, where Clifford entered upon his lifetime career of teaching in the UCLA Department of Geography, a career that spanned forty years until his retirement in 1965.

Recent generations of faculty and students cannot appreciate the labors of the developmental building of a university, work that occupied those faculty members whose service began on the Vermont Avenue campus. Years were spent on committees dealing with budgets, buildings, programs, curricula, courses, and course structures. Beyond such service, Zierer not only taught a wide range of courses but he also initiated many of the courses that became standard elements in the departmental program. He spent years with the Library Committee to enlarge the facilities and holdings of the University Library. Clifford and Milla Zierer were both quiet, modest, and soft-spoken members of a small university community that laid the groundwork for the growth of the University, and both participated in their own quiet ways toward that growth. Clifford Zierer was instrumental in developing the departmental program as graduate work was added and, as chairman from 1942 to 1949, he largely structured the expansion of the doctoral program rounding out the departmental offering. A Phi Beta Kappa upon earning his A.B. at Indiana, Clifford also became a member of Sigma Xi at Indiana in 1923, and at UCLA he spent years working with both groups, including a term as president of each.

Zierer’s early years in southern California were spent studying aspects of changing land use and urban expansion. A wide range of research papers broadened into a book, California and the Southwest, of which he was the organizer, editor, and contributor of several chapters. During the middle 1930s he also undertook field studies on several themes in Australia, which resulted in professional papers and in the first course on the geography of Australia to be taught in any American university. In his own quiet way, he was something of an innovator and a pioneer.

Clifford never aspired to immense popularity as an undergraduate lecturer, and his insistence upon quality scholarship often caused the casual enrollee to shun his classes; but there were rewards of insight for those who persevered. For years his seminar students, meeting in the attic library-study-recreation room of his Brentwood home, were treated to provocative intellectual experiences. Students and associates were often surprised at the breadth of his knowledge, the keenness of his mind, and the private enthusiasm for his subject.

Milla Zierer passed away in 1951; thereafter Clifford slowly withdrew from his former active participation in broad University affairs and handed over to newcomers the concerns that had so long engaged him. The large Brentwood home was given up for a smaller house not far away, and Zierer’s last years were spent quietly. He died on October 6, 1976, survived by two sons, Robert and Paul.

Henry J. Bruman J.E. Spencer

 

Source: In Memoriam, September 1978, posted in University of California, Calisphere

Image Source: Clifford M. Zierer’s Indiana University Yearbook picture, The Arbutus 1922, p. 105.

Categories
Economic History Suggested Reading Syllabus Undergraduate Yale

Yale. Undergraduate Economic History of Europe. Cohen, 1972

 

Today’s post is the course outline with readings for the undergraduate course on the economic history of Europe since the Industrial Revolution that I took at Yale during the Spring semester of my junior year (1972). The course was taught by assistant professor Jon S. Cohen

From the perspective of today it is hard to imagine the sheer abundance of courses in economic history offered at that time. I have already posted the course outlines for Harry Miskimin’s course on the Economic History of Europe through the Industrial Revolution and William Parker’s course on U.S. Economic History, as well as Ray Powell’s course on History of the Soviet Economy.

While I must confess that I cannot summon any particular memory from the class itself beyond what I have managed to internalize from the readings below, a mere bibliographic residual, there was a later paper written by Cohen along with another one of my M.I.T. professors that possessed the needed  salience to survive in my memory to this day:

Jon S. Cohen and Martin Weitzman. A Marxian model of enclosuresJournal of Development Economics, 1975, vol. 1, issue 4, 287-336.

____________________

American Economic Association Membership Listing (1981)

Cohen, Jon S. Div. of Soc. Sci., Scarborough Coll., U. of Toronto, West Hill, ON M1C 1A4, Canada. Birth Year: 1939. Degrees: B.A. Columbia Coll., 1960; M.A., U. of Calif. at Berkeley, 1964; Ph.D., U. of Calif. at Berkeley, 1966. Prin. Cur. Position: Associate Prof., U. of Toronto, 1972-. Concurrent/Past Positions:  Asst. Prof., Yale U., 1966-72. Research: European economic history and th eeocnomics of education.

Source: Biographical Listing of Members. American Economic Review, Vol. 71, No. 6. (Dec., 1981), p. 101.

List of Publications: 1996-2019.

____________________

 

Economic History of Europe
Since the Industrial Revolution
Economics 81b (History 60b)
Spring 1972

Mr. J. Cohen
501 SSS
Ex. 63246

You are expected to read all (or large parts) of the following books:

David Landes, The Unbound Prometheus

Paul Mantoux, The Industrial Revolution in the 18th Century

E. P. Thompson, The Making of the English Working Class

T.S. Ashton, The Industrial Revolution, 1760-1830

J. H. Clapham, The Economic Development of France and Germany, 1815-1914

An attempt will be made to devote at least one class meeting each week to discussion of these books and other assigned readings. Topics which will be covered and suggested reading are listed below.

I. Preliminaries to Industrialization:

A) Trade and Political Change

W. E. Minchinton (ed.), The Growth of English Overseas Trade, Introduction.

B. Moore, Social Origins of Dictatorship and Democracy, Chapter I.

P. Mantoux, Part I, Chapter 2.

B) Population Change

Michael Drake (ed.), Population in Industrialization, Introduction, Chapters 3, 6, 7.

C) Agricultural Change

E. L. Jones (ed.), Agriculture and Economic Growth, Introduction, Chapter 44.

[addition, handwritten] Marx Vol. I, Part 8—Accumulation of Capital. Chapters 27-30.

P. Mantoux, Part I, Chapter 3.

II. Industrial Revolution in Great Britain

A) Industrial Change

D. Landes, Chapters 2-3.

T. Ashton, Chapter 3.

P. Mantoux, Part I, Chapter 1; Part II.

[addition, handwritten] Karl Polanyi, Great Transformation

B) Finance and Capital

P. Deane, The First Industrial Revolution, Chapters 10, 11, 13.

T. Ashton, Chapters 4-5.

C) Social and Economic Conditions

P. Mantoux, Part III.

E. P. Thompson, Part II.

T. Ashton, Chapters V-VI.

D) The Course of Economic Change After 1830

E. J. Hobsbawm, Chapters VI-IX. [Industry & Empire]

M. Dobb, Studies in the Development of Capitalism, Chapter 9.

III. Industrialization on the Continent

D. Landes, Chapters III-V.

A. Gerschenkron, Economic Backwardness in Historical Perspective, Chapter 1.

J. H. Clapham, selected chapters on France and Germany [1848-1915 Germany]

B. Supple (ed.), The Experience of Economic Growth, selected chapters. [Landes, Cameron,

[addition, handwritten] Cameron (ed.), Essays in French Economic History. Claude Fohlen, Ind. Rev. in France.

IV. The International Economy to 1914

R. Triffin, Our International Monetary System, Part I, Chapter I.

R. Winks (ed.), British Imperialism, 11-51, 82-96.

V. The Interwar Period and After

W.A. Lewis, Economic Survey, 1919-1939, selected chapters.

[handwritten addition to bottom of page]

Gallagher and Robinson, The Imperialism of Free Trade. E.H.R., 1953

Eckstein (ed.), Comparison of Economic Systems: Theoretical and Methodological Approaches

Rosovsky (ed.), Industrialization in Two Systems

[handwritten addition, back of the second page of syllabus]

Possible paper topics.

  1. Enclosures and population movements in Great Britain in the 17th century
  2. Patters of enclosure in France
  3. Land markets in 18th century Britain
  4. Colonial policy in Britain—Sources of policy. Interest groups.
  5. Eric Williams—impact of slavery on Industrialization
  6. Labor movement and progress of England. Awareness, Consciousness
  7. Rise of protection and aggressive foreign policy.

Source:  Personal Copy, Irwin Collier.

Image Source: Jon S. Cohen webpage at the University of Toronto.

 

 

Categories
Exam Questions Swarthmore Undergraduate

Swarthmore. B.A. Honors Examination in Economic Theory. External Examiner, Lloyd Metzler, 1943-45

 

Wolfgang Stolper taught at Swarthmore College from 1941-1949. In his papers at Duke University’s Economists’ Papers Archive one finds copies of  the following economic theory examination questions prepared by Swarthmore’s external examiners:

Jan/May 1942 (James G. Smith)
Jan 1943 (Paul Samuelson)
May 1943 (Paul Samuelson)
October 1943 (Lloyd Metzler) [transcribed below]
Feb 1944 (Joseph D. Coppock)
June 1944 (Friedrich Lutz)
Oct 1944 (Lloyd Metzler) [transcribed below]
Jun 1945 (Joseph D. Coppock)
Jun 1946 (Richard Musgrave)
Jan 1947 (Joseph D. Coppock)
Undated (Lloyd Metzler) [transcribed below]

The above list has led me to an interpolative guess of either February or October 1945 for the undated Metzler honors examination. Links are provided to the previously posted transcriptions of the examinations by Samuelson and Musgrave.

_________________________

Swarthmore College
Division of the Social Sciences
Department of Economics
October 20, 1943

Economic Theory
Honors Examination
Mr. Metzler

ANSWER ONE QUESTION FROM EACH PART

PART I
Write a one-hour essay on one of the following topics:

  1. The relation between cost curves and supply curves, and the conditions of equilibrium in a purely competitive industry, both in the long run and in the short run.
  2. A comparison of monopolistic competition and pure competition, including a contrast of the equilibrium position of the firm and the number of firms in the “industry” under monopolistic competition, with the equilibrium conditions and number of firms under pure competition.
  3. The marginal productivity theory in its original form, and the changes made necessary by the theory of monopolistic competition.
  4. Determinants of the level of employment and income.
  5. A careful analysis of the population problem in the United States, including both regional distribution problems and the problem of the size of the total population.
  6. Monetary versus “real” theories of the rate of interest.

 

Part II

  1. How was the cost controversy related to the development of the theory of monopolistic competition?
  2. A tax of $1 per unit is imposed upon the production of a certain commodity which is produced under conditions of pure competition. Assuming that the industry is initially in equilibrium, show how this tax affects he price, output, profits, and the number of firms in the industry, both in the short run and in the long run.
  3. Discuss the principles of price discrimination in a monopolized industry.
  4. Suppose there are only two firms producing a standardized product. Describe the determination of price and output in this industry, pointing out the difficulties which arise in such a case.

 

Part III

  1. Suppose a particular industry X produces its commodity with only two factors, labor and land, which may be used in variable proportions. An increased supply of this particular type of labor causes the wage rate to decline. Assuming no change in the demand for the product, analyze the effect of the wage reduction on (a) employment of labor, (b) employment of land, (c) price of the product, (d) output of the product, and (e) labor’s relative share in the total distribution.
  2. Describe Malthus’ theory of population. Can you present a more sophisticated version in the light of modern theories of production and distribution?
  3. “The rate of interest is the result of a race between accumulation and invention.” Discuss.
  4. Discuss the relation of the modern corporation to the theory of profits.

 

Part IV

  1. What types of cyclical fluctuation may be found in statistics of employment, income, production, and prices? How do you explain each type of cycle?
  2. What measures would you suggest for the control of employment after the war? Explain each carefully.
  3. In the period of the twenties, economists believed that business cycles could be controlled by monetary measures (i.e., movement of interest rates, bank reserve ratios, etc.). Account for the failure of such measures to control the depression of the thirties.
  4. Explain carefully the relation between investment and the level of employment, relating the analysis to Schumpeter’s “circular flow”.

Source: Duke University. David M. Rubinstein Rare Book and Manuscript Library. Economists’ Papers Archives. Wolfgang F. Stolper Papers, Box 22, Folder 1.

_________________________

Swarthmore College
Division of the Social Sciences
Department of Economics
October 16, 1944

Economic Theory
Honors Examination
Dr. Lloyd A. Metzler
Federal Reserve Board
Washington, D.C.

ANSWER FIVE QUESTIONS, INCLUDING AT LEAST ONE FROM EACH PART.
I

  1. “The conditions which determine the prices charged by a local clothing store are quite unlike those which govern the price of wheat or corn.” Explain carefully.
  2. After the war, expenditures of the federal government will be considerably higher than in the pre-war period. To meet part of these expenditures, two kinds of business taxes are proposed: (1) a tax on corporate profits, similar to our present tax, but with lower rates; (2) taxes on the sales of certain luxury items, such as cigarettes, tobacco, and liquor. It is sometimes said that the first type of tax falls upon the corporations themselves, whereas the second falls upon the consumers of the taxed items. Do you agree or disagree? Why or why not?
  3. “Imperfectly competitive markets involve an inevitable waste. Each firm produces less than its optimum output, and charges a higher price than might otherwise be necessary.” Evaluate this statement. If such wastes exist, how can they be eliminated?
  4. Suppose a particular industry produces a standardized product, such as steel, but there are only four or five producers in the whole industry. What determines the price of the product?
  5. Compare the effects of a tax on output in a perfectly competitive industry with those of a similar tax on a monopolistic output, both in the short run in the long run.

 

II

  1. “In a perfectly competitive industry, every worker gets just what he is worth, but in monopoly industries the workers are always exploited.” Present your own opinion on this subject.
  2. Define “elasticity of substitution” and explain type of problem in which the concept is useful.
  3. An industry in which there is only a single producer is unionized, and a standard wage is set which is higher than the prevailing wage. Analyze the effects of this action upon (a) the number of workers employed, (b) the output of the industry, (c) the price of the product, and (d) the total wage bill.
  4. Answer (3), assuming that the industry is perfectly competitive.

 

III

  1. One frequently encounters two statements about the return to land: (a) “Rent is the difference between the productivity of a given plot of land and the productivity of land which it is just worthwhile to cultivate.”(b) “Rents would exist even if all land were uniformly productive; it is a surplus which arises from the fact that additional units of labour applied to a given plot of land have diminishing productivity.” Are these two statements contradictory? Explain your answer.
  2. “The law of diminishing returns is indispensable to the existence of rent. Unless this law were true, the entire world’s supply of wheat could be grown in a flower pot.” Comment.
  3. “Rent, like the reward of any other factor of production, is determined by conditions of supply and demand. From this point of view, rent differs from wages mainly in respective conditions of supply.” Do you regard this is an important difference? Why or why not? Contrast the long-run effects of a tax on rents with the long-run effects of a tax on wages, assuming that wages initially are near the subsistence level.
  4. “The equilibrium rate of interest is the rate which makes the supply of savings equal to demand. The supply of savings is the schedule of amounts which individuals wish to save at various interest rates, while the demand is the schedule of amounts which business men wish to invest. Thus, when the rate of interest is in equilibrium, savings are equal to investment. But if the rate of interest exceeds the equilibrium rate, investment falls short of savings.” Evaluate this statement.
  5. Compare Böhm-Bawerk’s theory of interest with the monetary theory.
  6. “In the long run, profits of the competitive industry tend toward zero.” Does this mean that the accountant’s reports of the small enterprise owned by a single individual will also attend toward zero? Explain your answer.

 

IV

  1. Present a program for maintaining full employment in the United States after the war.
  2. “Since national income is equal to consumption plus net investment, and savings are simply the difference between income and consumption, it follows that savings for any given period are always equal to investment, by definition. For this reason, a business cycle theory which attributes changes in income and employment to a disparity between savings and investment must be fallacious.” Comment.
  3. Explain carefully how income is related to the level of net investment.
  4. During the first world war, a high interest rate was regarded as one of the important means of curbing inflation. In the present war, on the other hand, a conscious attempt has been made to keep interest rates at a very low level. Explain the relation between interest rates and prices in an economy where full employment prevails. Why do you suppose high interest rates were abandoned as an anti-inflation measure in the present war?
  5. It is sometimes said that unemployment exists because workers are unwilling to accept the wage which corresponds to their productivity. According to this view, if workers were willing to accept a reduction of wage rates, business men would find it profitable to hire more workers and unemployment would thereby be reduced. Do you agree or disagree? Explain your answer.

 

Source: Duke University. David M. Rubinstein Rare Book and Manuscript Library. Economists’ Papers Archives. Wolfgang F. Stolper Papers, Box 22, Folder 1.

_________________________

Swarthmore College
Division of the Social Sciences
Department of Economics
[No date–1945?]

ECONOMIC THEORY
Honors Examination
Dr. Lloyd A. Metzler
Washington, D.C.

ANSWER FOUR QUESTIONS, INCLUDING ONE FROM EACH PART.
I

Write an essay (about one hour) on one of the following topics:

  1. The theory of interest, from Böhm-Bawerk to Keynes.
  2. Monopolistic competition and the theory of distribution.
  3. The theory of discriminating monopoly.
  4. A comparison of perfect competition with monopolistic competition.
  5. Factors which determine the level of employment.
  6. The relation of wage rates to employment.
  7. The theory of the duopoly.
  8. The relation between wates [sic, “wage rates”?] and rent.
  9. The law of variable proportions and theory of distribution.

 

II

  1. As a result of a technological change, the cost of producing a particular commodity, X, is reduced for all firms. Assuming that the industry is perfectly competitive, the effects of this change upon output, price and profits in both the short run in the long run.
  2. Explain the relations between marginal costs, average costs, and supply curves in a perfectly-competitive industry.
  3. “In a perfectly-competitive industry, the tax on sales is always born by consumers, whereas in a monopoly industry, the monopolists bears a part of the added costs.” Evaluate this statement, considering both the short-run in the long-run.
  4. Explain the meaning of “excess capacity” in the theory of monopolistic competition, and show how it is related to other concepts of capacity.

 

III

  1. It is sometimes said that unions can improve the position of workers only to a very limited extent, since wages are governed by productivity, over which unions have little control. Evaluate this statement.
  2. Discuss the relations between inventions, wage rates, and the total wage bill.
  3. Contrast the theory of wages presented by Hicks with that of Ricardo.
  4. Show how Keynes’ monetary theory of interest evolved from Marshall’s “supply and demand” theory.
  5. Economic conditions in a particular country are disturbed by a rise in the propensity to consume. Explain the repercussions upon the rate of interest, assuming that the amount of money remains unchanged.
  6. Compare the theories of profit of Marshall and Schumpeter.

 

IV

  1. Describe the analytical problems which arise in attempting to measure business cycles.
  2. Show how the demand for producers’ goods is related to the demand for consumers’ goods, and explain the relevance of this relationship to business cycle theory.
  3. Present a brief description of the problem of unemployment which will face the United States at the close of the war, and suggest measures for solving this problem.
  4. Compare Schumpeter’s theory of business cycles with the theory of employment developed by Keynes.

 

Source: Duke University. David M. Rubinstein Rare Book and Manuscript Library. Economists’ Papers Archives. Wolfgang F. Stolper Papers, Box 22, Folder 1.

Image Source: “From family album, taken while Lloyd Metzler was a student at Harvard.”
“Lloyd A. Metzler” by Margiemetz – Own work. Licensed under CC BY-SA 3.0 via Commons.

Categories
Economic History Economists Suggested Reading Syllabus Undergraduate Yale

Yale. Undergraduate European Economic History through the Industrial Revolution. Miskimin, 1971

 

Reflecting on my own academic upbringing, I am increasingly amazed at the sheer abundance of economic history courses still offered at Yale and MIT in the 1970s. My first taste of economic history came with Harry Miskimin’s course on the economic history of Europe up through the Industrial Revolution. I later took a graduate course he offered on French mercantilism. I remember well the sage advice he gave me to postpone work in economic history to first get trained in the analytic tools of economics, since he thought I apparently could handle the demands of economics graduate school. I believe he was the only professor I ever had who actually smoked (cigarettes) in class. 

From the Yale Daily News Archives I learned that Harry Miskimin later served as president of the Yale chapter of the American Association of University Professors (AAUP). There is a low-resolution picture of Miskimin in his mature years in the article linked.

Below are the assigned readings for the European economic history course from the Fall Term, 1971-72.

_________________

Harry Miskimin
100% Yalie

Harry Alvin Miskimin, Jr. was born September 8, 1932 in Orange, New Jersey. He died October 24, 1995.

B.A. Yale, 1954; M.A. Yale, 1958; Ph.D. Yale, 1960. From instructor to professor history Yale University, New Haven, since 1960, associate professor, 1964-1971, professor history, since 1971, chairman department history, 1986-1989, Charles Seymour Professor of History, since 1991.

_________________

Harry Miskimin
Obituary Note

Post by Wendy Plotkin
H-Urban Co-Editor
14 January 1996

1995 saw the death of Harry A. Miskimin, the Charles Seymour Professor of History at Yale University in October. According to a press release received from H-Net Central in December, Professor Miskimin was

“An authority on the economic history of medieval and early modern Europe” and “the author of five books, including The Economy of Early Renaissance Europe, 1300-1460and The Economy of Later Renaissance Europe, 1460-1600both of which were translated in Spanish and Portuguese; Money and Power in Fifteenth Century France, Money, Prices and Foreign Exchange in Fourteenth Century Franceand Cash, Credit and Crisis in Europe, 1300-1600.”

Professor Miskimin was general editor of four volumes of the Cambridge University Press series “The Economic Civilization of Europe.”

Of special interest to H-Urban subscribers, Miskimin co-edited THE MEDIEVAL CITY with A. Udovitch and D. Herlihy (Yale University Press, 1977). This collection included:

    1. The Italian City

Herlihy, “Family and property in Renaissance Florence”
Krekic, B., “Four Florentine commercial companies in Dubrovnik (Ragusa) in the first half of the fourteenth century”
Lane, F. C. “The First Infidelities of the Venetian Lire”
Cipolla, C. M. “A Plague Doctor”
Kedar, B.Z. “The Genoese Notaries of 1382”
Hughes, D. O. “Kinsmen and neighbors in Medieval Genoa”
Peters, E. Pars, parte: “Dante and an Urban Contribution to Political Thought”

    1. The Eastern City

Udovitch, A. L. “A Tale of Two Cities”
Goitein, S. D. “A Mansion in Fustat”
Prawer, J. “Crusader Cities”
Teall, J. “Byzantine Urbanism in the Military Handbooks”

    1. The Northern City:

Miskimin, H. A. “The Legacies of London”
Munro, J. “Industrial Protectionism in Medieval Flanders”
Strayer, J.R. “The Costs and Profits of War”
Hoffmann, R. C. “Wroclaw Citizens as Rural Landholders”
Cohen, S. “The Earliest Scandinavian Towns”

Professor Miskimin was noted for his work on the “beginning of the transition from medieval to modern economies.” I am interested in reflections on this and other work of Professor Miskimin.

After obtaining his undergraduate and graduate education at Yale, he spent the rest of his career teaching at Yale College, serving as director of graduate studies for the Economic History Program after 1967.

On leave from Yale, Miskimin was for a period director of studies at the Ecole des Hautes Etudes in Paris. Although his intellectual work was on the medieval period, he participated in present day activities in his community, serving as a zoning commissioner for the Town of Woodbridge 1976-85, a member of the Woodbridge Democratic Town Committee and a board member of the Woodbridge Town Library.

Professor Miskimin was born in 1932 in East Orange, New Jersey, graduated from Phillips Andover Academy in 1950, and was in the U.S. Army from 1955-57.

Source: Humanities and Social Sciences Net Online

_________________

Yale University
History 51 a – Economics 80a
Mr. Miskimin
Fall Term 1971-72

The readings from this course will be in diverse sources but the student may find it convenient to purchase the books of Herbert Heaton (Economic History of Europe rev. ed., Harper & Bros., New York, 1948) and Henri Pirenne (Economic and Social History of Mediaeval Europe, Harvest Books, Harcourt, Brace, New York.)

Sept. 17

First Class

20

Heaton, Chapters 4, 5

22

Heaton, Chapters 6, 7

24

Pirenne, pp. 38-86

27

Pirenne, pp. 87-140

29

Pirenne, pp. 141-188

Oct. 1

Heaton, Chapter 8

4

Heaton Chapters 9, 10

6

Cambridge Economic History of Europe, vol. 2, pp. 433-441, 456-92

8

Pirenne, pp. 188-end
(Rec. Miskimin, The Economy of Early Renaissance Europe.)

11

Heaton, Chapters 11, 12

13

Hamilton, E. J., American Treasure and the Price Revolution in Spain, 1601-1650. Scan thoroughly

15

Continue Hamilton

18

Cambridge Economic History of Europe, vol. IV, pp. 1-95.

20

Nef, J. U., Industry and Government in France and England, 1540-1640, Great Seal Books, Cornell University Ithaca, 1957. Also in Memoirs of the American Philosophical Society, vol. XV, 1940. First half.

22

Finish Nef

25

Green, R.W., ed., Protestantism and Capitalism—The Weber Thesis and its Critics, D.C. Heath & Co., Boston. First half.

27

Finish Green

29

Heaton, Chapters 13, 14

Nov. 1

Heaton, Chapter 15

3

Heaton, Chapter 16

5

Viner, Jacob, Studies in the Theory of International Trade, Harper Brothers, New York. Chapter 1

8

Viner, Chapter 2

10

Cipolla, C. M., “The Decline of Italy,” Economic History Review, 1952, pp. 178-87. Hamilton, E. J., “The Decline of Spain,”Economic History Review, 1938, pp. 168-79

12

Review Heaton, Chapters 13-16

15

Hour Test (paper may be substituted)

17

Wilson, C.H., “The Economic Decline of the Netherlands,” Economic History Review, 1939, pp. 111-127

19

Heckscher, Eli, Mercantilism. Rev. ed., George Allen & Unwin, Ltd., London, 1955, Vol. I, pp. 78-109

22

Heckscher, Vol. I, pp. 137-78

24

Heckscher, Vol. I, pp. 178-220

26

Helleiner, K.F., ed., Readings in European Economic History, University of Toronto Press, 1946. Section by R. H. Tawney, pp. 143-82

29

Helleiner, Section by Tawney, pp. 183-223

Dec. 1

Bowden, Karpovitch, and Usher, An Economic History of Europe since 1750, pp. 45-66; Cambridge Economic History, IV, chapter V, pp. 276-308

3

Bowden, Karpovitch, and Usher, pp. 146-96

6

Ashton, T.S., The Industrial Revolution, 1760-1830. First third.

8

Ashton, Second third

10

Finish Ashton

13

Taylor, Philip, ed., The Industrial Revolution—Triumph or Disaster? D.C. Heath & Company, Boston.

15

Rostow, W.W., The Stages of Economic Growth, a Non-Communist Manifesto, Cambridge University Press, 1960, pp. 1-35

17

Rostow, W.W., The Stages of Economic Growth, a Non-Communist Manifesto, Cambridge University Press, 1960, pp. 36-72

 

Source: Personal copy of Irwin Collier.

Image Source: Harry Miskimin’s 1954 Yale yearbook portrait.

Categories
Chicago Exam Questions Undergraduate

Chicago. Introduction to money and banking. Final exam. A.G. Hart, Summer 1933

 

 

In an earlier post you will find (i) the official course description for the undergraduate course “Introduction to Money and Banking” taught by A. G. Hart at the University of Chicago during the mid-1930s as well as (ii) the course syllabus.

A subsequent post provides the final exam for the Fall Quarter 1932; midterm exam for the Summer Quarter 1933; final exam for the Winter Quarter 1933; final exam for the  Winter Quarter 1934; and final exam for the Fall Quarter 1935.

Today I found the following misfiled final examination for the summer quarter of 1933. Before I forget to fill the gap, I add this item to the Economics in the Rear-view mirror collection of artifacts.

_______________________

A.G. Hart
Econ 230

FINAL EXAMINATION, AUGUST 25, 1933

Answer the first two questions and any two others. (One hour)

  1. It has been proposed to require that no bank in the U.S. be permitted to accept deposits to an amount over five times its capital and surplus; any bank wishing to expand deposits after reaching this limit would then have to increase its capitalization. Would this regulation make the depositor’s position more secure than at present? Explain.
  2. Briefly contrast the monetary series of Fisher and Hawtrey.
  3. Discussed the advantages and disadvantages of the scheme just going into effect for guaranteeing bank deposits through a central fund derived largely from assessments on the insured banks.
  4. The circulation of Federal Reserve Notes has decreased from about $4,300,000,000 on March 15 to about $3,000,000,000 last week. Officials of the Federal Reserve System deny that this constitutes deflation, and insisted does not run counter to the government’s announced program of inflation. Is the denial justified? Discuss.
  5. Outline an explanation for the rise of the price of francs from a bit less than four cents early in April to over five cents recently. If prices in this country do not rise appreciably above the present level, what is likely to happen to the price of francs in dollars over the next year? How will these prospects be affected by repudiation or resumption of foreign war debt payments due to the U.S.? Justify your answer.
  6. By what means can the Federal Reserve Banks stop an undesirable credit expansion? An undesirable credit contraction? Evaluate the effectiveness of these powers.
  7. Explain the difference between Federal Reserve Notes and the recent issues of  Federal Reserve  Bank  Why is there just now a tendency for the circulation of the former to contract and that of the latter to expand from week to week?

 

Source:  Columbia University Libraries, Manuscript Collections. Albert Gailord Hart Collection. Box 60, “Folder Exams: CHI Qualifying”.

Image source: Albert Gailord Hart, Economist, Dead at 88.” Columbia University Record, Vol. 23, No. 5 (October 3, 1997)

Categories
Exam Questions Harvard Suggested Reading Syllabus Undergraduate

Harvard. Reading list and final exam for course “Conflict, Coalition and Strategy”. Schelling, 1970

 

 

There are undergraduate courses, and then there are great undergraduate courses. Today we have the 49 item course bibliography for Thomas C. Schelling’s “Conflict, Coalition and Strategy” along with its ten-page final examination. This material comes to Economics in the Rear-view Mirror from one of the students who took that course, then Harvard undergraduate, Robert Dohner. I am  generally not jealous of Bob’s Harvard undergraduate education, but I’ll admit there are a good half-dozen economics and politics courses in my own Yale training that I would have gladly traded for that single Schelling semester in 1970. You can all thank Bob Dohner for sharing this memory!

The teaching assistant for the course, James T. Campen, was born 1943. He received an A.B. from Harvard in 1965, M.A. at St. John’s College, University of Cambridge in 1971 and Ph.D. from Harvard in 1976. Campen was active early on in the Union for Radical Political Economics and was on the faculty of the University of Massachusetts at Boston from 1977 where he worked up into his emeritus years.

_____________________

Economics 1030
“Conflict, Coalition and Strategy”
Prof. Thomas C. Schelling
Mr. James T. Campen
Fall 1970

(*Contained in Coop package)

Introduction (13 pages)

  1. *Schelling, T. C., “Strategic Analysis and Social Problems,” Social Problems, Vol. 12 (Spring 1965), pp. 367-379.

 

I. Personal Incentives and Social Organization (56 pages)

  1. Hardin, Garrett, “The Tragedy of the Commons,” Science, Vol. 162, No. 3859, pp. 1243-1248.
  2. Olson, Mancur, Jr., The Logic of Collective Action (Harvard University Press, 1965), pp. 1-3,9-16, 53-57,86-87, 132-141.
  3. Luce, R. Duncan and Howard Raiffa, Games and Decisions (John Wiley & Sons, Inc., 1957), Chapter 5.4, “An Example: The Prisoner’s Dilemma,” and Chapter 5.5, “Temporal Repetition of the Prisoner’s Dilemma,” pp. 94-102.
  4. Demsetz, Harold, “Toward a Theory of Property Rights,” Papers and Proceedings of the American Economic Association, American Economic Review, Vol. 57 (May 1967), pp. 347-359.

 

II. Rules, Restraints, and Conventions (296 pages)

  1. Schelling, T. C., “Some Thoughts on the Relevance of Game Theory to the Analysis of Ethical Systems,” in Ira R. Buchler and Hugo G. Nutini (eds.), Game Theory in the Behavioral Sciences (University of Pittsburgh Press, 1969), pp. 45-60.
  2. Lorenz, Konrad, On Aggression (Harcourt, Brace & World, Inc., 1966), pp. 68-84, 109-138. NOTE: Different pages in Bantam paperback, pp. 64-80, 104-132.
  3. Piaget, Jean, The Moral Judgment of the Child (The Free Press, 1965, and Collier Books, 1962, same translator and identical pagination in both versions), pp. 65-76, 94-100, 139-174, 197-232. NOTE: Hardcover editions dated 1932 and 1948 have these pages instead: pp. 56-69, 89-95, 135-171, 195-231. To check: the first selection begins, “Consciousness of Rules: II Third Stage.”
  4. Jervis, Robert, The Logic of Images in International Relations (Princeton University Press, 1970), pp. 18, 90-110, 147-152, 197-205, 216-223.
  5. Schelling, T. C., The Strategy of Conflict (Harvard University Press, 1963), Chapter 3, pp. 53-80, and Chapter 4, pp. 89-108.
  6. Lewis, David K., Convention: A Philosophical Study (Harvard University Press, 1969), pp. 5-8, 36-51, 83-107, 118-121.

 

III. Contests and Disputes (123 pages)

  1. Moore, Omar K. and Alan R. Anderson, “Puzzles, Games, and Social Interaction,” in David Braybooke, Philosophical Problems of the Social Sciences (The Macmillan Company, 1965), pp. 68-79.
  2. Langholm, Sivert, “Violent Conflict Resolution and the Loser’s Reaction,” Journal of Peace Research, 1965-4, pp. 324-347.
  3. Galtung, Johan, “Institutionalized Conflict Resolution,” Journal of Peace Research, 1965-4, pp. 348-383.
  4. Goffman, Erving, Interaction Ritual (Anchor Books, 1967), pp. 239-270, “Where the Action Is.”
  5. Skolnick, Jerome H., “Social Control in the Adversary System,” The Journal of Conflict Resolution, Vol. XI, No. 1 (March 1967), pp. 52-70.

 

IV. Formal Processes of Collective Decision (133 pages)

  1. *Steinhaus, Hugo, “The Problem of Fair Division,” Econometrica, Vol. 16 (January 1948), pp. 101-104.
  2. *Farquharson, Robin, “Sincerity and Strategy in Voting,” mimeograph, February 5, 1955, 7 pages.
  3. Schelling, T. C., “What Is Game Theory?” in James C. Charlesworth (ed.), Contemporary Political Analysis (The Free Press, 1967), pp. 212-238.
  4. Buchanan, James M. and Gordon Tulloch, The Calculus of Consent (The University of Michigan Press, 1962), pp. 43-62, 131-145, 249-262.
  5. *Schelling, T. C., “Voting Schemes and Fair Division,” multilith, September 1970.
    [Handwritten note: 23 10th line 12th 1.27 s.b. 1.55. A gets 295 instead of 241. B gets 85]
  6. Leiserson, Michael, “Game Theory and the Study of Coalition Behavior,” in Sven Groennings, E. W. Kelley, and Michael Leiserson (eds.), The Study of Coalition Behavior (Holt, Reinhardt and Winston, 1970), pp. 255-272.
  7. Farquharson, Robin, Theory of Voting (Yale University Press, 1969), Appendix 3, pp. 77-80.

 

V. Individual and Collective Bargaining (266 pages)

  1. Schelling, T. C., The Strategy of Conflict (Harvard University Press, 1963), Chapter 2, pp. 21-52, and Chapter 5, pp. 119-161.

[Handwritten note: Hour Exam]

  1. Fisher, Roger, International Conflict for Beginners (Harper & Rowe, 1969), Chapter 3, “Making Threats Is Not Enough,” pp. 27-59.
  2. Walton, R. E. and R. B. McKersie, Behavioral Theory of Labor Negotiations (McGraw-Hill, 1965), pp. 4-6, 67-125, 310-340.
  3. Ross, H. Laurence, Settled Out of Court (Aldine, 1970), Chapter IV, “Negotiation.” NOTE: Pending appearance of book, mimeograph copy on reserve, entitled “Negotiation.”
  4. *Schelling, T. C., “Communication, Bargaining and Negotiation,” Arms Control and National Security, Vol. 1 (1969), pp. 69-71.
  5. *Rapoport, Anatol and Melvin Guyer, “Taxonomy of 2 x 2 Games,” Papers, Vol. 6, 1966, Peace Research Society (International), pp. 11-26.

 

VI. Violence and Nonviolence (191 pages)

  1. Sibley, Mulford Q., The Quiet Battle (Anchor Books, Doubleday & Company, Inc., 1963), pp. 9-10, 55-66.
  2. Hubbard, Howard, “Five Long, Hot Summers and How They Grew,The Public Interest, No. 12 (Summer 1968), pp. 3-24.
  3. Nieburg, H. L., “Violence, Law and the Informal Polity,” Journal of Conflict Resolution, Vol. 13, No. 2 (June 1969), pp. 192-209.
  4. Schelling, T. C., Arms and Influence (Yale University Press, 1966), pp. 1-18, 92-105, 116-125.
  5. Roberts, Adam (Ed.), Civilian Resistance as a National Defense (Stackpole Books, 1968), or The Strategy of Civilian Defense (Faber & Faber Ltd., 1967) (the two versions are identical), pp. 9-13, 87-105, 205-211, 302-308.
  6. Walter, Charles W., “Interposition: The Strategy and Its Uses,” Naval War College Review, Vol. XXII, No. 10 (June 1970), pp. 72-84.
  7. Nozick, Robert, “Coercion,” in Sydney Morgenbesser, Patrick Suppes and Morton White (eds.), Philosophy, Science and Method (St. Martin’s Press, 1969), pp. 440-472.
  8. Shure, Gerald H., Robert J. Meeker and Earle A. Hansford, “The Effectiveness of Pacifist Strategies in Bargaining Games,” The Journal of Conflict Resolution, Vol. IX, No. 1 (March 1965), pp. 106-117.

 

VII. Interactive Models: Large Groups (89 pages)

  1. Penrose, L S., On the Objective Study of Crowd Behavior (H. K. Lewis & Company, Ltd., 1952), Chapter 6, “Panic Reactions,” pp. 28-35.
  2. Boulding, Kenneth E., Conflict and Defense (Harper & Brothers, 1962), Chapter 6, “The Group as a Party to Conflict: The Ecological Model,” pp. 105-122.
  3. Schelling, T. C., “Neighborhood Tipping,” Harvard Institute of Economic Research, Discussion Paper No. 100, December 1969.
  4. *Schelling, T. C., “Models of Segregation,” The American Economic Review, Vol. LIX, No. 2 (May 1969), pp. 488-493.

 

VIII. Interactive Models: Two Parties (145 pages)

  1. Boulding, Kenneth E., Conflict and Defense (Harper & Brothers, 1962), Chapter 2, “The Dynamics of Conflict: Richardson Process Models,” pp. 19-40.
  2. Goffman, Erving, Interaction Ritual (Anchor Books, 1967), pp. 97-112, “Embarrassment and Social Organization.”
  3. *Valavanis, Stefan, “The Resolution of Conflict When Utilities Interact,” Journal of Conflict Resolution, Vol. 2 (June 1958), pp. 156-169.
  4. Schelling, T. C., The Strategy of Conflict (Harvard University Press, 1963), Chapter 9, pp. 207-229.
  5. Boulding, Kenneth E., Conflict and Defense (Harper & Brothers, 1962), Chapter 12, “International Conflict: The Basic Model,” and Chapter 13, “International Conflict: Modifications,” pp. 227-273.
  6. Schelling, T. C., “War Without Pain, and Other Models,” World Politics, Vol. 15, No. 3 (April 1963), pp. 465-487.

 

IX. Randomized Decision (55 pages)

  1. *Schelling, T. C., “Zero-Sum Games,” multilith, September 1970.
  2. Schelling, T. C., The Strategy of Conflict (Harvard University Press, 1963), pp. 175-190, 201-203.

 

Total pages: 1,367

Reading period: To be assigned later [see question 6 in final examination below]

 

Economics 1030
Final Exam
January 22, 1971

There are altogether six questions. The sixth contain several alternatives, according to your choice of reading-period assignment. You are not to answer any five questions out of the six. You may not choose more than one among the alternate forms of question six. Specifically, you may answer the first five questions; you may instead answer any four among the first five and one of the alternates in question 6.

The five questions you answer will be given equal weight and are intended to require about equal time.

  1. Each of the terms, concepts or principles listed on the next page is to be identified by reference to a matrix. Several matrices are provided and are adequate, but you may prefer to construct your own. (There may be more than one matrix shown that illustrates a particular concept; some of the matrices shown may illustrate several concepts. You need not make reference to more than one–your own, or one of those shown.)
    In some cases–marked by an asterisk–you need only identify an appropriate matrix; if, for example, one of the terms were “prisoners’ dilemma,” it would be sufficient to indicate Matrix #1. In other cases–where there is no asterisk–you will have to state clearly just what it is about the indicated matrix that exemplifies the concept; for example, if “promise” were one of the terms listed, you could state that in Matrix #1, if Column had first move, Row could promise first row on condition Column choose column 1, improving the expected outcome from payoffs of 1 apiece to 2 apiece in the upper left cell.

Here are the items to be identified:

    1. warning
    2. inducing move
    3. altruist’s dilemma*
    4. zero-difference game*
    5. Pareto equilibrium
    6. convention*
    7. randomized commitment
    8. dominated strategy
    9. threat-vulnerable equilibrium
    10. social contract*
    11. [a first] alternative concepts of “arms agreement”
    12. [a second] alternative concept of “arms agreement”
    13. Insurance as a bargaining advantage or disadvantage

*  *  *  *  *  *  *  *  *  *  *

  1. Explain the concept of interposition (Charles Walters, “Interposition: The Strategy and Its Uses”), and compare it with non-violent intervention (Gene Sharp, “The Technique of Non–Violent Action,” or Howard Hubbard, “Five Long Hot Summers and How They Grew”), then examine the strategic similarities and differences between (a) naval-force interposition and (b) tactics used to blockade, occupy or immobilize a campus building.

*  *  *  *  *  *  *  *  *  *  *

  1. John Stuart Mill argued that even

…if it may possibly be doubted whether a noble character is always the happier for its nobleness, there can be no doubt that it makes other people happier, and that the world in general is immensely a gainer by it. Utilitarianism, therefore, could only attain its end by the general cultivation of nobleness of character, even if each individual were only benefited by the nobleness of others, and his own, so far as happiness is concerned, were the sheer deduction from the benefit.

Assuming that the hypothesis which Mill discusses is true (that nobleness in itself detracts from individual happiness), under what conditions would you expect individuals to choose to develop noble characters? Discuss with reference to readings and lectures concerning interplay of individual incentives, social organization and moral codes.

*  *  *  *  *  *  *  *  *  *  *

  1. One of the questions on a makeup examination which you will take tomorrow will be based on either an article by Smith or an article by Jones. Your limited time in the library’s rules make it impossible for you to study both articles. If the exam question is based on the Smith article, you will have a 90 percent chance of answering it correctly if you read Smith, but will surely fail to answer correctly if you read Jones; if the exam question is based on Jones, you will have a 60 percent chance of getting it right if you study Jones, no chance otherwise. You will get the question either right or wrong; no partial credit will be given.
    You want to use your study time to maximize the probability of answering the question correctly. Your examiner will choose the exam question in such a way as to minimize the same probability. Both you and she know all of the information in this paragraph, and both of you are familiar with the basic theory of two-person zero-sum games.

A.

    1. Draw a payoff matrix to illustrate the situation, letting your payoffs be represented by the probability of getting the correct answer.
    2. What will be your strategy in this situation?
    3. What will be the teacher’s strategy be?
    4. If you use the strategy which you indicated in A2, what is the probability that you will get a correct answer?

B.

You suddenly recognize that the librarian whom you will be asking for one of the articles is also your teacher’s secretary, and knows which article the question will be based on.

    1. If you could get the secretary to tell you truthfully which article you should read, what would be your probability of getting the correct answer be? (That is, you are to estimate this probability before asking for the article, on the assumption that the librarian will know the answer and answer truthfully.)
    2. If you felt that the librarian/secretary would answer your question truthfully six chances out of 10 but there was a 40 percent chance the examiner would be told that you tried to cheat, resulting in your receiving an automatic zero on this question (but with no other negative consequences), would asking the library and increase your overall probability of getting credit for the question?

C.

If you knew (and the teacher knew that you knew) that the teacher believed that you would have .7 chance of answering either question, given that you studied the right article, but you alone knew that the chances were 90 percent and 60 percent for the two articles as mentioned above:

    1. What would your strategy be?
    2. What would be your probability of getting the question right?

D

Now consider the situation where you might be able to get the question correct even if you chose the wrong article. The chances of this are 1/5 if the question is based on Smith and 2/5 if the question is based on Jones. (Both you and the teacher correctly understand the situation.)

    1. What is your strategy in this case?
    2. What is the teacher’s strategy?
    3. What are your chances for getting the correct answer?

E.

Consider the same problem as in Part D with one change: you and the teacher both know that he wants you to do as well as possible on the exam.

    1. What is your strategy?
    2. What is the teacher’s strategy?
    3. What is your probability of getting the correct answer?

*  *  *  *  *  *  *  *  *  *  *

  1. You are one of two students in a small class who have arranged to write a paper in lieu of a final exam. You are certain that the grade your paper receives will depend not only on how much time you spend on it but also on how much time the other student spends on his. Even if the examiner tries to judge your paper on its merits alone he will be unconsciously influenced by how it compares with the other student’s paper.

You estimate…

    1. …that you will lose about 3 grade points on other exams for every 10 hours you spend on this paper;
    2. …that your grade on this paper will be:
      1. 5, 9, 12, 14 or 15 points according as you spend 10, 20, 30, 40 or 50 hours on it,
      2. plus 3, 5 or 6 points if you spend 10, 20 or 30 hours more than your rival, and minus 3, 5 or 6 points if you spend 10, 20 or 30 hours less than your rival.

When you plot a smooth graph of your overall grade, taking all three factors into account–quality of your paper, quality of the competing paper, time taken away from your other courses–you get the following “contours” of your overall net score as a function of the time you both devote to your papers.

The graph is interpreted this way. If you work 30 hours and he does nothing, you get a net score of 9 (i.e., a gross score of 12 for your paper on its merits, plus 6 for superiority, less 9 for the 30 hours taken from other courses). If you both work 30 hours you get 3 (the same 12 on your own paper, less 9 on other courses, and did nothing for superiority). If you work 20 hours and he works 10, you get 6. Every point on the graph denotes a combination of your work time and his; every point has an associated net score for you; points of equal score can be connected by “contour lines” is in the graph. (The dotted lines at 45 degrees represents equal time for the two of you.)

You are quite sure that your rival, whoever he is, has a nearly identical graph when he considers his own grade in relation to the time you both spend on your papers.

  1. Draw your “reaction curve” (otherwise called in Boulding, “partial-equilibrium curve” or “reaction function”), and explain what it means.
  2. Drawing on your knowledge that your rival reaches identical estimates with respect to his own grades, draw his reaction curve.
  3. Locate and characterize any equilibria that occur.
  4. Discuss the likely amounts of work the two of you will do on each of the following alternative assumptions:
    1. Each of you can see the other work–in the library, for example–and can keep count of each other’s time, but you are unacquainted and not permitted to consult each other.
    2. You have no idea who the other student is and no way to monitor the amount of work he does, nor does he know who you are.
    3. You do not know who he is, but are sure that he can recognize you and watches you work in the library, keeping track of how much work you do.
    4. You are well enough acquainted to get together and talk the situation over, reaching an understanding about how much work you intend to do, perhaps reaching a bargain on restraining your competition; but you are not close enough friends to be unselfish toward each other and furthermore you do not know how badly each other may need grade points.

*  *  *  *  *  *  *  *  *  *  *

  1. This question is based on the reading period assignment. If you chose one of the following four books answer Part A:

Edward C. Banfield, The Moral Basis of a Backward Society
J. H. Dales, Pollution, Property and Prices
H. L. Nieburg, Political Violence: The Behavioral Process
Carl M. Stevens, Strategy and Collective Bargaining Negotiation

If you chose James M. Buchanan and Gordon Tullock, The Calculus of Consent, answer Part B.

If you chose Erving Goffman, Interaction Ritual, answer Part C.

If you chose Robert Jervis, The Logic of Images in International Relations, answer Part D.

If you chose Mancur Olson, Jr., The Logic of Collective Action, answer Part E.

  1. Identify one or more major themes or propositions in the book which you chose is the reading period assignment. Discuss what you consider to be the most more interesting and/or important ways that these themes illuminate the body of Economics 1030 and are in turn illuminated by it. Be specific.
  2. Buchanan and Tullock
    1. Using their concept of “cost,” explain the roles ascribed by the authors to unanimity rule, majority rule, and any other competing alternatives rules.
    2. On what conditions, if any, or with what reservations, would you accept their point of view?
  3. Goffman

Goffman’s book contains the word, “ritual,” in its title, and every chapter involves some analysis of ritual in phase-to-face behavior even though the chapters were originally independent essays. Explain what “ritual” means in this context and identify its role in the following topics of Economics 1030:

      1. Personal incentives and social organization
      2. Rules, restraints and conventions
      3. Contests and disputes
      4. Formal processes of collective decision
      5. Individual and collective bargaining
  1. Jervis
    Define signals and indices, then illustrate the manipulation of indices, and the veracity and ambiguity of signals, by reference to any one of the following sources of signals and indices, which you should examine in some detail:

    1. An advertising campaign
    2. A student’s essay on a final examination
    3. The public relations involved in the year-long process of selecting a Harvard president
  2. Olson
    Most of Olson’s book is devoted to an analysis of the behavior of large groups. How important is group size? In what ways does the behavior of small groups differ systematically from that of larger ones? What are the most important reasons for this?
    With reference to college courses, speculate briefly on the location and significance of the boundary between “small” and “large.”

Source: Personal copy of course syllabus and final examination shared for transcription at Economics in the Rear-View Mirror by Robert Dohner (Harvard, 1974; M.I.T., 1980).

Image Source: From Schelling testifying before a Senate subcommittee on national security in 1966New York Times, Dec. 13, 2016.

Categories
Agricultural Economics Economists Harvard Suggested Reading Syllabus Undergraduate

Harvard. Syllabus for “Consumption, Distribution and Prices” taught by PhD (1952) alumnus, Richard H. Holton, 1954-55

 

 

The Harvard course “Consumption, Distribution and Prices” was an odd amalgam. The first semester was a course in marketing and the second semester was a course in the theory of micro- and macroeconomic consumption and saving functions with an added dash of advertising economics and agricultural economic policy thrown in. The instructor for 1954-55 was an assistant professor of economics, Richard Henry Holton who had completed his Ph.D. at Harvard in 1952.  Holton went on to a successful economic policy and academic administrative career culminating in the Deanship of the Haas School of Business at UC Berkeley. His biography is sketched in the memorial piece reproduced below.

The syllabus for Economics 107 “Consumption, Distribution and Prices” completes this post.

_________________________

Ph.D. in Economics awarded by Harvard University in 1952

Richard Henry Holton, S.B. in Bus. (Miami Univ.) 1947, A.M. (Ohio State Univ.) 1948.

Special Field, Consumption, Distribution, and Prices. Thesis, “The Supply and Demand Structure of Food Retailing Service: a Case Study.”

Source: Harvard University. Report of the President of Harvard College, 1951-1952, p. 176.

_________________________

IN MEMORIAM
Richard Holton (1926-2005)
E. T. Grether Professor of Marketing, Emeritus
Dean, Haas School of Business
Berkeley

Richard H. Holton was the E. T. Grether Professor of Marketing, Emeritus and, from 1967 to 1975, dean of the Walter A. Haas School of Business at the University of California, Berkeley. Dean Holton, who joined the UC Berkeley faculty in 1957, was a leader in the fields of marketing, international business and entrepreneurship and left a lasting imprint in these areas at the Haas School. Throughout his career, Dean Holton focused on teaching, campus leadership and public service. On leave from the campus from 1963 to 1965, he served as U.S. assistant secretary of commerce. He was thoughtful, considerate, self-effacing, devoted to the greater good of the school and the University, and always alert toward the welfare of colleagues, friends, and family. He was also known for his good stories to liven an occasion, and to soften conflict in an organizational setting.

Holton grew up in the small town of London, Ohio. He attended Miami University in Oxford, Ohio, graduating Phi Beta Kappa in 1947 with honors in economics. At Miami, he met Constance Minzey, whom he married in 1947. The couple moved to Columbus, Ohio, where he earned a master’s degree in economics at Ohio State University. He then enrolled in the doctoral program in economics at Harvard University. He was a resident tutor in Adams House at Harvard, with Constance (Connie), during several years of his graduate studies.

From 1951 to 1952, Holton was assistant director of marketing projects at the Social Science Research Center at the University of Puerto Rico. His work there led to his 1955 monograph, “Marketing Efficiency in Puerto Rico,” written with the late J. K. Galbraith and others. He also was coauthor, with Richard Caves, of another study, “The Canadian Economy: Prospect and Retrospect” (1959).

He was assistant professor of economics at Harvard from 1953 to 1957, and in 1957 he came to UC Berkeley as an associate professor in the School of Business Administration (later renamed the Haas School of Business). Holton became director of the Berkeley campus’s Institute of Business and Economics Research in 1959. He reorganized it to reflect the growing interest in business science. His own research resulted in a steady flow of publications in marketing policies and competition.

From 1962 to 1963, he served as special assistant to the U.S. Secretary of Commerce. President John F. Kennedy appointed him assistant secretary of commerce in February 1963, and he served until February 1965. Holton’s continuing interest in consumer protection resulted in a year’s appointment by President Lyndon B. Johnson as chairman of the President’s Consumer Advisory Council. He also served from 1968 to 1972 as chairman of the Public Advisory Committee on Truth in Lending Regulations of the Board of Governors of the Federal Reserve System.

In 1967, Holton became dean of the School of Business Administration at UC Berkeley. During his tenure, he fostered stronger relationships with business leaders, and served on numerous advisory boards of business organizations. He is widely credited with launching some of the current distinctive capabilities of the Haas School in entrepreneurship and international affairs, and its part-time M.B.A. program. As dean, he also initiated a system of student ratings of all courses at the Haas School, a practice still used today to gauge teaching effectiveness and improve courses over time.

In 1970, Holton started a course in entrepreneurship and business development, one of the first such courses at any business school, enlisting a widely-experienced entrepreneur and Haas School alumnus, Leo Helzel, to co-teach the course. This association led to new support for research and teaching in entrepreneurship, and the formation, with contributions from Williams-Sonoma Chairman Howard Lester, of the Haas School’s Lester Center for Entrepreneurship and Innovation. His work with the program in entrepreneurship and innovation helped to generate the school’s immensely popular annual business plan competitions. He is also credited with developing the school’s first curriculum for international business studies, another key element of the school’s current academic programs.

To reach an important new group of students, in 1972 Dean Holton initiated a part-time M.B.A. Program in San Francisco to serve qualified candidates who wanted to gain the benefits of a management degree but were not able to leave their jobs for a full-time M.B.A. program. That program has since evolved into the Berkeley Evening & Weekend M.B.A. Program, which now enrolls more students than does the full-time M.B.A. program; it is now offered on the Berkeley campus and in Silicon Valley. It has accommodated the steadily growing demand by students for a top-ranked management education on a part-time schedule.

In 1981, Holton expanded on a longtime personal interest in international business when he became dean of visiting faculty of the newly established National Center for Industrial Science and Technology Management Development, which was part of the Dalian Institute of Technology in the People’s Republic of China. Holton and his wife commuted between Berkeley and Dalian for the following five years, while he continued his regular faculty duties at UC Berkeley. Between 1980 and 1992, Holton wrote a number of articles on the emergence of a modern, market-based economy in China, writing about international joint ventures and their financing, China’s state planning as compared to market-driven behavior, economic reform of the distribution sector of China, and China’s prospects as an industrialized country. He also coedited a book, United States-China Relations (University of California Press, 1989). Holton traveled extensively in China and led California Alumni Association-sponsored Bear Trek trips there.

Holton was awarded the Berkeley Citation, the campus’s highest honor, at his retirement in 1991. Even after his retirement, for three years until spring of 2005, when his health began to fail, he taught a freshman seminar, “The Economic Development of Modern China”.

Holton kept taped to his desk lamp at home a quote from Thomas Carlyle, reflecting Holton’s belief in his calling as an educator: “There is nothing more fearsome than ignorance in action.” Holton’s love for the campus community was expressed in his enthusiasm for Cal Bears football, his participation in a campus photography club, and his membership in the all-male Monks Chorus, a group of faculty, alumni and others with campus ties who, clad as Franciscan monks, perform at The Faculty Club Christmas feast. Holton joined the Monks (whose history goes back to 1902) in the early 1960s, and sang bass.

Holton loved the mountains, and took every opportunity to take backpacking trips in the Sierra Nevada. He often made these trips with his friend and colleague of more than 40 years, Fred Balderston, an emeritus UC Berkeley professor at the Haas School.

A generous philanthropist and devoted member of public interest organizations, within a year of moving to Berkeley Holton joined the board of directors of the Consumers Cooperative of Berkeley. His board membership with Alta Bates Hospital spanned nearly four decades. He was to be named a 2006 recipient of the Distinguished Service Award from the Alta Bates Summit Foundation. He also served on the board of the Berkeley Public Library Foundation, the Council of Better Business Bureaus, The World Affairs Council of Northern California, and the board of trustees at Mills College. He and his family shared a longtime commitment to the Point Reyes peninsula and the village of Inverness, California.

As his health failed, he was surrounded by his wife and children. He died peacefully at home in Berkeley on Monday, October 24, 2005, after battling cancer and Parkinson’s disease. Holton is survived by Constance, his wife of nearly 60 years; brother, David, of Washington, D.C.; daughters, Melissa Holton, of Moss Landing and Inverness, and Jane Kriss, of Inverness; son, Tim, of Berkeley; and three grandchildren.

Raymond Miles
Frederick Balderston

Source: Senate of the University of California. In Memoriam—Richard Holton (1926-2005).

_________________________

Course Enrollment
1954-55

[Economics] 107. Consumption, Distribution and Prices. Assistant Professor Holton. Full course.

(F) Total 38: 11 Seniors, 22 Juniors, 3 Sophomores, 1 Freshman, 1 Other.
(S) Total 36: 11 Seniors, 23 Juniors, 1 Sophomore, 1 Freshman.

Source: Harvard University. Report of the President of Harvard College, 1954-55, p. 89.

_________________________

Economics 107
Consumption, Distribution and Prices
Fall Term, 1954-55

Texts:

Converse, Huegy and Mitchell, Elements of Marketing, Prentice-Hall, 5thedition
Clewett, Marketing Channels, Irwin

  1. Survey of the distributive sector. September 28-October 7.

Compass of the distributive sector; its quantitative importance in the economy; capital coefficients and value added in the distributive sector; the problem of measuring “efficiency” in distribution in contrast with manufacturing; pressures increasing and pressures decreasing distribution costs; distribution and economic growth.

Converse, Huegy and Mitchell, Chapter 1
Stewart and Dewhurst, Does Distribution Cost Too Much? Chapters 1, 2, 5, 10, 11
Black and Houston, Resource-Use Efficiency in the Marketing of Farm Products, pp. 22-47
Westing, Readings in Marketing, Readings 1, 2, 3.

  1. The nature of marketing channels. October 14-October 26.

Alternative types of marketing channels; factors affecting the nature of the channel; vertical integration and quasi-integration; recent changes in distribution channels.

Converse, Huegy and Mitchell, Chapter 4, 5, 13, 15-20, 23, 24.
Clewett, Chapters 2-17
Westing, Readings in Marketing, 19-21, 23, 25
McNair and Hansen, Problems in Marketing: General Mills, p. 199; Whalen, p. 215; National Rock Drill Co., p. 225; Atlas, p. 254.

OCTOBER 28—MID-TERM EXAMINATION

  1. Costs and products of firms in distribution. November 2-November 30.

Empirical cost studies of retail firms; a priori analysis of cost conditions in retailing and wholesaling; selling costs and the advertising budget; cost allocation and cost control in distribution; the nature of the product in distribution; the problem of selecting the product “mix”; the product mix and price discrimination.

Converse, Huegy and Mitchell, Chapter 27, 28, 29, 31, 32.
Clewett, Chapters 18 and 19
Dean, Managerial Economics, Chapters 3 and 6 (pp. 351-375)
Chamberlin, The Theory of Monopolistic Competition, Chapter 7
Cary Company case (on reserve in Lamont)
McNair and Hansen, Problems in Marketing: Richwell, p. 117

  1. Price policy of firms in distribution. December 2-December 18.

Retailers’ pricing practices; role of cost in distributors’ price policy; the determination of trade discounts; price discrimination under the Robinson Patman Act; resale price maintenance.

Converse, Huegy and Mitchell, Chapter 26
Q. F. Walker, “Some Principles of Department Store Pricing,” Journal of Marketing, January 1950
O. Knauth, “Considerations in the Setting of Retail Prices,” Journal of Marketing, July 1949
R. Alt, “The Internal Organization of the Firm and Price Formation,” Quarterly Journal of Economics, February 1949
Dean, Managerial Economics, Chapter 9
S.D. Rose, “Your Right to Lower Your Prices,” Harvard Business Review, September 1951
E. R. Corey, “Fair Trade Pricing, A Reappraisal,” Harvard Business Review, September-October 1952
McNair and Hansen, Problems in Marketing: Dewey and Almy, p. 575; Canners’ League, p. 581; Boothby, p. 608

Reading Period: Margaret Hall, Distributive Trading, Hutchinson’s University Library

 

*  *  *  *  *  *  *  *  *  *  *  *  *  *

Economics 107
Consumption, Distribution and Prices
Spring Term, 1954-55

It is suggested, but not required, that students buy Heller, Boddy and Nelson, Savings in the Modern Economy.

  1. The demand for consumer goods; Feb. 3-Feb. 24
    1. Consumption expenditures in the aggregate: consumption expenditures and savings in the national income data; the consumption function, long run and short run; determinants of the savings to income ratio; consumer demand, economic growth, and the business cycle.

Readings:

(Review Samuelson, Economics, Ch. 13)
Richard Ruggles, National Income and Income Analysis, Ch. 4, pp. 67-78
Heller, Boddy and Nelson, Savings in the Modern Economy, contributions by Goldsmith, Woodward and Bryce, pp. 133-155; Duesenberry, pp. 195-203; Morgan and Reid, pp. 213-220; Hansen, pp. 47-55; and Slichter, pp. 64-72.
Arthur Burns, The Instability of Consumer Spending, 32nd Annual Report of the National Bureau of Economic Research, pp. 3-20
James S. Duesenberry, Income, Saving and Consumer Behavior, Ch. 3

    1. The theory of consumer demand and the demand for classes of consumer goods: The theory of consumer demand reviewed; the utility approach and the indifference curve approach evaluated; income elasticity, budget studies and Engel’s law; psychological analysis of consumer behavior; trends in U.S. consumption.

Readings:

(Review Samuelson, Ch. 23 and Appendix)
Ruby Norris, The Theory of Consumer’s Demand, Ch. 3
Converse, Huegy and Mitchell, Ch. 2
Talcott Parsons, Essays in Sociological Theory, Ch. 3, “The Motivation of Economic Activity.”
George Katona, Psychological Analysis of Economic Behavior, Ch. 5
Lerner and Lasswell (ed), The Policy Sciences, Ch. 12, “Expectations and Decisions in Economic Behavior,” by G. Katona
“The Changing American Market,” Fortune, August, 1953

Section Meetings:

Feb. 8: National income and the consumption function reviewed
Feb. 15: Consumption function in the current literature
Mar. 1: Marginal utility; indifference curves

  1. The demand for producer goods; March 1-March 8

Investment expenditures and the theory of income determination; investment expenditures in the national income data; the determinants of investment expenditures; fluctuations in inventory investment; the firm’s demand for producers’ goods; the determinants of corporate savings.

Readings:

R.A. Gordon, Business Fluctuations, Ch. 5
Tinbergen and Polak, The Dynamics of Business Cycles, Ch. 13, pp. 163-182
Joel Dean, Managerial Economics, Ch. 10, pp. 549-600
Heller, Boddy and Nelson, Savings in the Modern Economy, contribution by John Lintner, pp. 230-255

Section Meetings:

March 8: Producer demand

  1. Identifying demand conditions for the individual firm; March 10-March 15

Survey of market research and sales forecasting methods

Readings:

Dean, Managerial Economics, Ch. 4, pp. 141-220 only

Section meetings:

March 15: Market research; read Canner’s League of California case in McNair and Hansen, Problems in Marketing, p. 581

  1. Marketing and public policy issues; March 17-March 24

Economic effects of advertising; the problem of consumer information; FTC and FDA control of labeling, standards, and truth in advertising; consumer research and consumer cooperatives as solutions; resale price maintenance and advertising.

Readings:

L. Gordon, Economics for Consumers, Ch. 24 and 26
Neil Borden, Economic Effects of Advertising, Ch. 28, pp. 837-882

Section meetings:

March 22: Review
March 29: Economic effects of advertising

MARCH 29: MID-TERM EXAMINATION

  1. Marketing of farm products; March 31-April 14

The impact of imperfect markets in agriculture; fluctuations in marketing margins over time; futures market; the functioning and control fo futures markets.

Readings:

Converse, Heugy and Mitchell, Ch. 21 and 22
G. Shepherd, Marketing Farm Products, Ch. 9 and 10
W. H. Nicholls, Imperfect Competition within Agricultural Industries, Ch. 4 to p. 81

Section meetings:

April 12: Impact of price support operations on the marketing of farm products

  1. Federal farm policy; April 21-May 3

The goals of an agricultural policy; predecessors of the present program; details of the present policy; advantages and disadvantages of the present policy; the alternatives

Readings:

T. Schultz, Production and Welfare of Agriculture, Ch. 5, 7, 8
Schickele, Agricultural Policy, Ch. 3, 9-17

Section Meetings:

April 26: Mechanics of parity and price supports
May 3: Review

Reading Period Assignment: Ruth Mack, “Economics of Consumption,” in Survey of Contemporary Economics, Vol. II, plus readings to be assigned; and Editors of Fortune, Why Do People Buy, Ch. 1.

 

Source: Harvard University Archives. Syllabi, course outlines and reading lists in Economics, 1895-2003, Box 6, Folder “Economics, 1954-1955”.

Image Source:  “Happy 120th Birthday, Berkeley Haas!” Webpage from Summer 2018.

Categories
Columbia Seminar Speakers Socialism Undergraduate

Columbia. Socialist speakers and undergraduate debates on socialism, 1910-11

 

In the current political times younger citizens see the pathology of centrally-planned, authoritarian socialism à la Stalin as being as distant as the pathology of authoritarian manifestations of capitalism.  “Democratic socialism” has become again a rallying cry, a progressive, small-d “democratic” alternative to the mixed capitalist economy status quo. This is not unlike the debate about socialism on campus and at the ballot box in the years before the first world war. With this in mind, I thought it would be interesting to trawl through the Columbia Spectator for a few years (1910-11) to read articles in which the word “socialism” appears. These articles can be read below.

My own favorite item in this post is the description of an invited speaker, a graduate of Barnard College’s (first) class of 1893,  the suffragette  Jessica Garretson (later “Finch” and then “Cosgrave”), as “the woman of Carnegie Hall fame who is responsible for the statement that ‘Rich girls turn to Socialism as flowers to the sun'”–not quite an Alexandria Ocasio-Cortez backstory but times have changed.

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SOCIALISM LECTURE FRIDAY INSTEAD

Source: Columbia Daily Spectator, Volume LIII, Number 141, 6 April 1910, p. 2.

Instead of lecturing yesterday as Spectator announced he would, Mr. Eugene V. Debs will talk Friday. As candidate of the Socialist Party for President in 1908, Mr. Debs is well fitted for his subject, Socialism. Seats in Earl Hall will be reserved until 4 o’clock, after which the public will be admitted.

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DEBS CHAMPIONS SOCIALISM
Twelve Hundred People Greet Famous Socialist at Lecture in Horace Mann Auditorium

Source: Columbia Daily Spectator, Volume LIII, Number 144, 9 April 1910, pp. 1,5.

Before the largest audience that has listened to a lecture at Columbia University since Professor James of Harvard delivered the first of his famous lectures on pragmatism and before the most enthusiastic audience that has crowded a Columbia lecture room in many a day, Eugene V. Debs three times candidate for President of the United States on the Socialist Ticket spoke yesterday for an hour and a half on the work to which he has dedicated his life —Socialism.

The lecture was scheduled to take place in Earl Hall, but long before 4 o’clock it became evident that the auditorium in that building would be altogether too small. It was crowded by half past three. At the last moment, therefore, the lecture was changed to the Horace Mann Auditorium which seats between one thousand and twelve hundred people. It was none too large. When Mr. Debs entered, promptly at 4 o’clock, there was scarcely a seat to be had. His entrance was greeted with an enthusiastic burst of applause that lasted several minutes, and which was renewed a moment later, when, after being introduced by G. T. Hersch ’10L, president of the Socialist Society, the speaker rose to begin his address. Mr. Debs presents a striking figure—tall with a large, narrow very bald head, keen eyes and long, bony arms and fingers which he uses with great effect. His simplicity and sincerity were apparent from the outset.

The speech itself was a memorable one, and one which those who heard it will not soon forget. Mr. Debs began, almost academically with an account of Industrial Era which succeeded the Age of Feudalism, but presently warming to his subject he swept on, carrying with him an audience that listened attentively to every word. Although the speech was essentially a serious one and reached at times depths of pathos hard to surpass, it was relieved ever and again by touches of a dry, quaint humour of which Mr. Debs is a master —a humour so keen that it not only caused the audience to laugh but provoked several times spontaneous bursts of applause.

“Socialism,” said Mr. Debs, “is a scientific analysis of present and past conditions, and a forecast of what, from those conditions, is bound to come. We are not endeavoring to foist Socialism on Society, and we are merely preparing it for its peaceful entrance.” The account of present day conditions was forceful without oratory. Debs told of having seen father carrying the dinner pail to the child who worked in the factory, because the present system of production demands cheap labor. Coming from a man who at thirteen was working on a railroad, and at sixteen was firing a freight engine, the facts seemed all the more forceful.

The Socialist leader related his experience with the “Four Hundred,” some of whom he once had occasion to address. “They wanted to see what kind of an animal I was,” he said. I had great notoriety at the time —and they had great curiosity. They were all attired in evening dress. The ladies wore what, for some mysterious reason, they called full dress. As I looked into their empty faces, I thought, ‘How artificial they seem.’ If you would have perfect social standing you must be useless.”

After a summary of the unfavorable conditions with which the workingman is now oppressed, including child labor, disinterestedness of the employer, and the prevalent desire for cheap labor, Mr. Debs outlined the hopes of Socialism. Under this system he declared that every man and woman would be given the opportunity to work for the common good. Education and cultivation of the arts would be taken up by every individual. This would be possible because by co-operation instead of competition, the child would not be forced to work, and the workingman not ground under the heel of the individual capitalist. The exploitation of the minority at the expense of the majority would thus give place, by a common awakening, to a state where co-operation, instead of competition would be an economic rule.

Most interesting was the speaker’s comparison of the Socialists of today with the men who led the agitation for the American Revolution. “Undesirable Citizens,” then, all of them—Samuel Adams, the arch incendiary—Tom Paine, vilified as a destroyer of Society —Jefferson, branded as a traitor. “I wonder,” said the speaker, “if the aristocratic Daughters of the Revolution could by some miracle come face to face with their revered forefathers as they were in their own time, whether they would not disown them. Those visionary agitators were disreputable then. They are only respectable now because they are dead, and because the world moved up to where they stood. John Brown and the other abolitionists he cited as a further example—as people with a vision of better things who stood up for their convictions and were despised in their generation. “When John Brown was hung they called him a monster, ten years later he was a fanatic, ten years more and he was misjudged, and now only recently the State bought the old John Brown homestead and the Governor, on the occasion of its dedication, said that ‘the spot where his dust reposes is the most sacred in this commonwealth.'”

“One word,” said Mr. Debs, “I want to leave with you young men and women. It is this, Nothing is more glorious than to stand up for convictions, when the world disagrees with you. If your last friend deserts you, you will be in better company than you were before.”

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DEBATING IN CLASSROOM
Novel System to be Inaugurated Under Auspices of Barnard Literary Association

Source: Columbia Daily Spectator, Volume LIII, Number 144, 9 April 1910, p. 1.

Barnard Literary Association in [col]laboration with Dr. Agger of the Economics Department has formulated a plan of compulsory participation in debating; this experiment to become immediately effective in certain economics classes. In conjunction with Drs. Agger and Mussey, the project has been evolved, including all members taking Economics 2. The system will work as follows: A subject for debate will be chosen, probably on some aspect of socialism. Then during class hours every member of the class will have to speak extemporaneously for five minutes on the subject selected. The individual men will not be told beforehand on what side they will talk, so the speeches will be entirely impromptu. These five minute talks will be so to speak, the preliminaries. All the members of the class will act as judges, and at the conclusion of the trials they will vote for the four best men to comprise the team.

This arrangement will be conducted in both, Dr. Aggers and Dr. Mussey’s classes and after each section has chosen its team, a formal debate will be held, probably in Earl Hall. The whole affair will be conducted under the auspices of Barnard Literary Association. A committee on arrangements has been appointed, consisting of C.J.W. Meisel ’11, R.R. Stewart ’11, R.C. Ingalls ’12, and E.W. Stone ’11, ex-officio. To further stimulate student interest, the society has made appropriations in order to present prizes to the winning team.

Dr. Agger is very enthusiastic about the new plan, and predicts great results for the future. It is a most happy circumstance that a debating society should take charge of this undertaking, and by the co-operation of faculty and the undergraduates, student interest in debating cannot fail to be evoked. A new era for debating is dawning. If this experiment proves as successful as it is expected to, it will undoubtedly be extended to other courses in economics and politics, and will become a permanent feature of the curriculum.

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INTERSECTION DEBATE SOON
Both Teams Selected Yesterday

Source: Columbia Daily Spectator, Volume LIII, Number 164, 3 May 1910, p. 1.

Arrangements for the intersection debate which is being conducted by the Barnard Literary Association, are rapidly progressing. The subject, as the poster on the society’s bulletin board in Hamilton Hall announces, is Socialism.

Yesterday, Dr. Agger’s morning and afternoon sections each selected a team. Ten men spoke before each class and five were chosen by vote of the class. The morning section picked the following men: L.K. Frank ’12, W.M. Delerick ’12, S.R. Gerstein ’11, C.J.W. Meisel ’11, W.W. Pettit (Pg), while the other section is to be represented by I.[?] J. Levinson ’12, W.A. Scott ’11, S.M. Strassburger ’11, W. MacRossie ’11, J. Levy ’11. All these men must meet in 205 West Hall at 11:55 today in order to choose sides for the semi-finals to be held tomorrow. The team that wins will debate the same subject with Professor Mussey’s section.

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DO WE WANT SOCIALISM?
Students in Economics 2 to Decide Question in Debate Held Under Auspices of Barnard Lit.

Source: Columbia Daily Spectator, Volume LIII, Number 168, 7 May 1910, p. 3.

Those who are interested in Economics will have an excellent opportunity of hearing a debate on Socialism next Monday at 3 p.m. in 301 Hamilton Hall. The question reads, “Resolved that the common ownership of all the means of production will promote social welfare.” The debaters are all members of the classes in Economics 2. As the course is a very popular one, it is given in three sections, two of which are conducted by Dr. Agger and the other by Professor Mussey. Last Monday Dr. Agger’s sections held their preliminaries and each selected a team. On Wednesday these two teams met, and the judges unanimously decided in favor of the negative team, which consisted of S. M. Strasburger ’11, G. W. Scott ’11, and S. J. Levinson ’12, of the afternoon section. The team representing the morning section was composed of the following men: L. K. Frank ’12, S. R. Gerstein ’11, W. W. Pettit (T. C.), and W. M. Dederick ’12. The decision was based upon the preparation shown, and skill in delivery. The judges also selected Strassburger, Pettit and Levinson as the best speakers, and these men will represent Dr. Agger’s sections against Professor Mussey’s next Monday. Professor Mussey’s section has also chosen a team consisting of S. I. Fried ’12, E. V. Broderick ’12, and W. S. Dakin (T. C.)

The debate next Monday promises to be one of the most interesting ever heard on the Campus. It is the first time that debate has ever been introduced into the class-room as part of the work. The planning, and the making of arrangements for this debate was done by Barnard Literary Association in collaboration with Professor Mussey and Dr. Agger. The members of the winning team are to receive appropriate prizes donated by the association. An invitation to be present has been extended to the students taking Economics 2, in Barnard College. The debate will be open to any one in the University.

Not only have the men on the teams shown unusual interest in the contest but all the men in the various sections are very enthusiastic as to the undertaking. Professor Beard of the Politics Department thinks the scheme is an admirable one, and is anxious to extend it to his field. It may also be possible to introduce class-room debate into the various courses in Philosophy.

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SOCIALISTS RESUSCITATED
Open Meetings Planned

Source: Columbia Daily Spectator, Volume LIV, Number 16, 15 October 1910, p. 6.

Earl Hall yesterday afternoon was the scene of the Socialist Club’s meeting.

The work for the present year was decided upon, and it was planned to hold a series of open meetings, similar to those of last year, which were addressed by such men as Charles Edward Russell, the present Socialist candidate for Governor, Lincoln Steffens and Eugene V. Debs. There will also be the regular club meetings, with speakers of equally independent ideas but of less wide reputation.

The study and discussion of the principles of Socialism necessary for the formation of an intelligent opinion upon this world-wide movement, will also be continued in the hope that the student body’s interest in public affairs may not only be stimulated, but also educated

The next meeting of the club will be on Wednesday, October 19, at 4:15 p m., in room A, Earl Hall. All those who are interested in the radical political thought of the present day are cordially invited to co-operate with the club, while those who are interested it the investigation of social problems are urged to become members.

Mrs. Florence Kelly, in all probability, will speak in the auditorium of Earl Hall on Thursday, November 10.

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INSTRUCTION IN SOCIALISM
Series of Essays Planned

Source: Columbia Daily Spectator, Volume LIV, Number 20, 20 October 1910, p. 1.

Something which is both novel and valuable was adopted by the Socialist Club at its meeting yesterday afternoon. This is a scheme for instructing the members in the fundamental principles of Socialism by having a graded series of essays read at the respective meetings.

Plans were also laid to have Mr. Russel, the Socialist Gubernatorial candidate make a campaign speech at the University sometime before election day and also to get Mrs. Finch up on the Campus. Mrs. Finch is the woman of Carnegie Hall fame who is responsible for the statement that “Rich girls turn to Socialism as flowers to the sun.”

On account of the unavoidable detention of N. Levey ’10L, who was to have read a paper entitled “The Original Intention of the Framers of the Constitution,” J. H. Henle ’12 spoke for a short time on the same topic with which he was thoroughly familiar. He pointed out that, while the Radicals in the colonies dictated the Declaration of Independence, it was the Conservatives who controlled the Constitutional Convention. He said in part: “Authentic reports show that behind closed doors, under a pledge of secrecy, they deliberately planned to protect the wealthy and those of higher understanding. Hamilton, in James-fashion, said in convention, that the constitution proposed would be almost impossible of amendment and, in the Federalist papers, that it was easy of amendment. The Supreme Court was effectively put in absolute control by an arbitory vetoing power and the entire government was made as indirect as it could possibly be—the House of Representatives being the only rope thrown out to the Radicals. The main point of interest is the striking contrast between the unpublished speeches of all the members in the convention with the stated views of the same men in the Federalist papers.”

An open discussion followed. The next meeting of the club will be in Earl Hall, room L, on Friday, October 28.

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About Jessica Garretson Finch

Source: Webpage History of Finch College

JESSICA GARRETSON earned her B.A. as one of the seven women in Barnard College’s first graduating class in 1893. Looking back on the four years she studied there, she said she considered them a waste of time, and observed that her college education had prepared her for one thing – to be a tutor in Greek! After marrying James Finch and receiving her law degree from New York University in the same month that she gave birth to a daughter, she decided to establish a post-secondary school for women that was “different,” and she did! The Finch School opened in 1900 with 13 students. Its curriculum was oriented toward the practical, with as many workshops, studios and practice rooms as classrooms. As enrollment grew, additional room was needed, and by 1904, with grants she had received and a hefty mortgage she arranged for the construction of the building on 78th Street known to many Finch women as the Academic Building. There, in addition to an academic faculty, most of whom were visiting professors from Columbia University, were actors from the New York stage, Seventh Avenue fashion designers, performing instrumentalists, singers, poets and politicians.

MEANWHILE, MRS. FINCH BECAME MRS. [John O’Hara Cosgrave in 1913] COSGRAVE. Her first marriage ended in divorce soon after the turn of the century. In 1913 she married the distinguished journalist, John O’Hare Cosgrave, who proposed to her during the intermission of a Carnegie Hall concert.

PREPARATION FOR THE “RECURRENT CAREER” was at the heart of Jessica Cosgrave’s educational philosophy, and along with her intense interest in “current events” (a term she coined), became the inspiration for the Finch curriculum. Women’s lives, she said, are unlike men’s lives; women’s lives have distinct phases. Therefore, a woman should be in school until she is 22; for the next three or four years she should launch into the first phase of her career; in her mid twenties she will marry, put aside her career and devote her energies to raising a family, four children was the ideal number. At about age 40, with her children in school, a woman should resume her career and, Mrs. Cosgrave advised, seriously consider entering politics.

IN ADDITION TO RUNNING WHAT WAS THEN TERMED “a fashionable school for girls,” Jessica Cosgrave worked energetically from 1900 on for two “causes”; Women’s Suffrage and Socialism. She was quoted in a NEW YORKER magazine “Profile” by Angelica Gibbons in 1946 as saying, “If there is any sensation more exquisite than walking up Fifth Avenue to music in a parade for an unpopular cause, I don’t know what it is.” She said that in one of the suffrage parades “People on the sidelines become impassioned to the point of throwing rotten vegetables and eggs at the ladies as they passed.” Angelica Gibbs goes on to note that this experience proved so invigorating to Jessica Cosgrave that after marching, most of the way up Fifth Avenue, she dropped out of line, took a cab back to the starting point, and “hoofed it all the way up again with another contingent.”

JESSICA COSGRAVE’S “SOCIALISM” may seem a bit incongruous considering how many of the young women from all parts of the United States, South America, Europe and Asia attending Finch came from wealthy families. In 1911, asked about her membership in the Socialist Party and the appearance as speakers at the Finch School of Upton Sinclair, Walter Lippman and other “radicals,” Mrs. Cosgrave said: “My chief object is to awaken Social Consciousness in the girls. I want my graduates to become powers in their communities, not idle fashionable women. I don’t teach these young girls actual Socialism, but Social Activism.” Thirty-five years later, in 1946, when a Finch student interviewed Mrs. Cosgrave, and asked about her politics, she said she stood “Just a bit left of center”!

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SOCIALISTIC LECTURE TODAY
Charles Edward Russell Socialist Candidate for Governor to Speak In Havemeyer

Source: Columbia Daily Spectator, Volume LIV, Number 35, 7 November 1910, p. 8.

Columbia men will have an unusual opportunity this afternoon to hear in interesting man talk about an interesting subject. Mr. Charles Edward Russell, the author and magazine writer who is running for Governor of this State on the Socialist ticket will talk to Columbia men about socialism as a remedy for the evils from which New York is suffering. The lecture will be delivered in 309 Havemeyer, at 4 o’clock and will be open to the public.

Mr. Russell did general reporting for a number of New York papers, including the Herald, and vas then sent all over the country on special articles for the Sunday papers. For a time he was managing editor of the Hearst newspapers in Chicago. Then he began writing for the magazines. His magazine writing has taken the form of vigorous protests against the sort of political corruption and economic injustice that he saw from the inside during his newspaper days. He has become a “muckraker,” and has recently said that he “intends to keep on raking muck until somebody removes the muck.”

Mr. Russell has written quite a number of books, including “Lawless Wealth,” [1908] “Soldiers of the Common Good,” [article series most of which revised and published in]  “The Uprising of the Many,” [1907] “The Heart of the Railway Problem,” “A Life of Chatterton,” [1908] and “Why I am a Socialist,” [1910] and he is now busy on a life of Wendell Phillips [1914].

This is the first time he has run for political office as a Socialist. The renewed interest in socialism all over the country, and the recent Socialist victory in Milwaukee, made it probable that Mr. Russell will poll a large vote tomorrow.

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ECONOMISTS TO HEAR NOTED SOCIALIST

Source: Columbia Daily Spectator, Volume LIV, Number 106, 24 February 1911, p. 2.

Mr. John Spargo will deliver the address at the meeting of the Graduate Economics Club tonight. The subject of his talk is, “The Wider Aspects of Socialism.” Mr. Spargo is a well-known socialist. The meeting will be held in 510 Kent, at 8 tonight. All members and guests are requested to be on hand promptly. The club is made up of graduate students who are working for a Ph. D.

Following are other lectures scheduled:

Friday, March 10: Henry George’s Theory of Land Rent and the Single Tax. Paper by Mr. I. S. Adlerblum.

Friday, March 24: A detailed description and criticism of the provisions of Senator Aldrich’s Plan for Banking Reform in the United States. Paper by Mr. Oswald Knauth.

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DISCUSSION OF SOCIALISM
Graduate Economics Club

Source: Columbia Daily Spectator, Volume LIV, Number 107, 25 February 1911, p. 1.

Mr. John Spargo the noted author and lecturer addressed the meeting of the Graduate Economics Club last evening in Kent Hall. About seventy-five members and guests were present. The lecture was followed by an informal discussion in which Mr. Spargo declared himself ready to answer any questions put to him.

The subject of Mr. Spargo’s lecture was in general socialism, but he confined himself for the most part to a consideration of the theories of Marx, Engel, and Riccardo. He said it was not from a man’s enemies but from his friends that the most was to be feared. In the case of these three economists their over enthusiastic followers had been responsible for much misrepresentation. A single bald statement, in a great many cases, had been made a slogan while all that qualified it had been forgotten.

From the statement of abstract theories Mr. Spargo went on to a consideration of the spread of socialism throughout the country and particularly in the West. “The State of Oklahoma,” he said, “has the greatest number of socialists in proportion to the population, of any state in the Union.” He accounted for this chiefly by the fact that those people who had emigrated to the West and had been persevering enough to face the hardships of pioneering were of a more liberal and unbiased turn of mind than the conservative Easterners. Socialism he said in part, offers them a theory of Social Progress, A Social Ideal, and not only that but an organized movement for the realization of that Ideal which appeals to their Western intellects.

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SOCIALISTS TO STUDY SOCIALISM

Source:  Columbia Daily Spectator,Volume LIV, Number 108, 27 February 1911, p. 5.

The Socialist Club is planning to study socialism in a systematic way. Beginning with the next meeting, definite chapters in Mr. Edmund Kelly’s “Twentieth Century Socialism” will be assigned to the members for study. At succeeding meetings these will be discussed by the members and specially invited guests. President Trimble speaks very enthusiastically of the plan and considers this an excellent opportunity for everyone interested in socialism to increase their knowledge of the arguments for and against it.

* * * * * * * * * *

[Economics in the Rear-view Mirror attaches the following notes on Edmund Kelly:]

Kelly, Edmond (1851-1909). Educated at Columbia [Class of 1870?] and at Cambridge. “Lecturer on Municipal Government at Columbia University”. He had founded the City Club and the subsidiary Good Government Clubs. Political and professional activities in New York and in Paris.

Kelly, Edmond. Evolution and Effort and their Relation to Religion and Politics. New York: D. Appleton and Company, 1895.

____________. Government or Human EvolutionVol. I Justice. New York: Longmans, Green, and Co., 1900.

____________. Government or Human Evolution.Vol. II Individualism and Collectivism. New York: Longmans, Green, and Co., 1901.

____________. A Practical Programme for Working Men. London: Swan Sonnenschein & Co., 1906.

____________. The Unemployables. London: P.S. King & Son, 1907.

____________. The Elimination of the Tramp by the Introduction into America of the Labour Colony System already proved Effective in Holland, Belgium, and Switzerland, with the Modifications thereof Necessary to adapt this System to American Conditions. New York: G. P. Putnam’s Sons, 1908.

____________. Twentieth Century Socialism. What it is not; What it is; How it may comeNew York: Longmans, Green, and Co., 1911. [Forward by Franklin H. Giddings]

“Aware that he had not long to live, Mr. Kelly hastened to finish the first draft of the book [Twentieth Century Socialism], and indeed he survived that completion only two weeks. He knew that considerable editorial work was needed, and this he entrusted to Mrs. Florence Kelley, author of “Some Ethical Gains through Legislation” and translator of Marx’ “Discourse on Free Trade,” and of Friedrich Engels’s work on the “Condition of the Working Class in England.” She undertook and has fulfilled this trust, and has been aided throughout by the untiring labors of Shaun Kelly, the author’s son.”  Pp. xiv and xv.

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STUDENTS OF SOCIALISM TO MEET TODAY

Source: Columbia Daily Spectator, Volume LIV, Number 110, 1 March 1911, p. 2.

In Earl Hall today, at 4:10, the Socialistic Club will hold an important meeting. The organization is taking up a systematic study of Socialism and today there will be discussion, at the meeting, of Edmond Kelley’s “Twentieth Century Socialism.” At the next meeting, March 8, the club will be addressed by some prominent Socialist, probably John Spargo. All students are invited to attend today’s meeting.

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SOCIALISTS ELECT OFFICERS
Trimble Chosen President

Source: Columbia Daily Spectator, Volume LIV, Number 110, 1 March 1911, p. 8.

Election of officers of the Socialist Society for the coming term was held yesterday afternoon with the following results: R.J. Trimble, president; and G.G. Bobbe, secretary and treasurer. It was decided that the club would read several chapters of Kelly’s “Twentieth Century Socialism” for each meeting and assign a member to prepare a paper upon them. The next meeting will be held on March 1.

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SOCIALISTS MAKE GIFT TO UNIVERSITY

Source: Columbia Daily Spectator, Volume LIV, Number 111, 2 March 1911, p. 3.

At the meeting of the Socialist club held yesterday afternoon, it was decided to present a copy of “Twentieth Century Socialism,” to the University. Mr. Fraenkel of the Law School gave an interesting explanation of the views expressed in the first few chapters of that book and a general discussion followed. The next meeting will be held the afternoon of Wednesday, March 3.

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SOCIALISTS ON 20TH CENTURY SOCIALISM

Source:  Columbia Daily Spectator,Volume LIV, Number 117, 9 March 1911, p. 1.

At a meeting held yesterday afternoon in Earl Hall, the Socialist Club took up an interesting discussion on a paper read on Commissioner Edward [sic] Kelly’s “Twentieth Century Socialism” was also taken up, and resulted in a lively discussion about the respective merits of the evolutionary and revolutionary points of view on Socialism. The next meeting of the club will be held Wednesday, March 15 and if possible some prominent Socialist will be obtained to lead the discussion.

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“INCOME TAX” INTERESTS ECONOMISTS

Source:  Columbia Daily Spectator,Volume LIV, Number 118, 10 March 1911, p. 1.

Next Wednesday the Undergraduate Economics Club will meet in 510 Kent at 8 p. m. The main subject for discussion will be “The Federal Income Tax,” E. V. Broderick, ’12 will give a history of the income tax and its actual working up to 1895. After an informal discussion of this, there will be reports and outlines for the coming work in the following committee; Socialism; Tariff, Railroads, Banking, Trusts, Conservation of Natural Resources and Labor Problems. Those members who were present at the last meeting have been assigned to committees. Members desiring to work on any special committee should inform the chairman of that committee

The plans for the remaining semester include trips to the Stock Exchange, Clearing House, Plant of Bush Terminal Cos., in addition to an address by Mr. G. A. McAneny, borough President of Manhattan and several other prominent men of the day.

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SOCIALIST SOCIETY MEETING
Mrs. Jessica Finch Speaks

Source: Barnard Bulletin (April 5, 1911), p. 3.

Mrs. Jessica Finch spoke on Wednesday, March 29, 1911, before the Barnard and Columbia Chapters of the Intercollegiate Socialist Society. Her talk was extremely interesting. She spoke first on the need for getting rid of poverty in this world. Physical well-being is the basis for spiritual well-being. It is very easy for people who are materially well-off to point out people who live beautiful, inspiring lives under adverse conditions. But lack of the essentials of life, such as food, air, light and leisure, are bound to retard intellectual mental growth.

Poverty, moreover, is unnecessary in the world at present. Before the introduction of machinery, it is true that there was not enough of even the necessities of life to go around. But since the industrial revolution there is no need for any one to be without life’s necessities, for there is more than enough for all. To secure for all a fair share of the necessities of life, industry must be socialized. All unearned increments, that is, all profits not due to mental and physical labor, must go to society or equal distribution among those who spent themselves in the production thereof.

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TO DISCUSS MODERN SOCIALISM

Source:  Columbia Daily Spectator, Volume LIV, Number 149, 20 April 1911, p. 8.

The Columbia Socialist Society will hold a regular meeting this afternoon at 4:10 o’clock in Earl Hall. The members will hold an open discussion on the third chapter of Kelly’s ““Twentieth Century Socialism.” All members of the University are invited to attend the meeting.

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SOCIALISTS TO GATHER TOMORROW

Source:  Columbia Daily Spectator, Volume LV, Number 14, 12 October 1911, p. 5.

As announced in yesterday’s issue, the year’s first meeting of the Socialist Society will be held in Earl Hall tomorrow afternoon at 3 o’clock. The society will be addressed by its president, S. S. Bobbe ’13, and an outline of the coming season’s work will be discussed. All members and students interested in Socialism should attend.

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NOTED SOCIALIST TO TALK
Meeting of Club Today

Source:  Columbia Daily Spectator, Volume LV, Number 25, 25 October 1911, p. 6.

Today at 4:00 P. M. the Socialist Club will hold its second meeting of the year in Room J, Earl Hall. The club will be addressed by the organizer of the Intercollegiate Socialist Society, H.J. Laidler, Wesleyan ’07, who will explain the work he has been doing as organizer and what the Columbia chapter can do to help create an intelligent interest in Socialism at Columbia.

The Intercollegiate Socialist Society has lately increased its chapters to 30, an increase in the past year of over three hundred per cent. Mr. Laidler has been to a great extent responsible for this increase, and is, therefore, well qualified to give an interesting and encouraging talk to the society. He will also discuss with the club the matter of a course of lectures on radical subjects by prominent men. that is now being planned by the club. The Intercollegiate Society will aid the club in securing the speakers.

Besides Mr. Laidler, several of the members of the club will read papers on different aspects of Socialism. All those in the University interested in Socialism are invited to attend.

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LAIDLER ADDRESSES SOCIALIST CLUB

Source:  Columbia Daily Spectator,Volume LV, Number 26, 26 October 1911, p. 2.

H. J. Laidler, the organizer of the Intercollegiate Socialist Society addressed the Columbia Socialist Club yesterday on the progress of Socialism in the United States during the past twenty and especially in the colleges. His work as organizer has brought him in touch with conditions all over the country, and he spoke of the grasp Socialism has taken on all forms of society.

“I have seen miners,” he said, “take up Karl Marx and study him into the night, and go from him to philosophy, to literature, art and science—all because of the new outlook they had received. If you really want to get the most out of life you should get the philosophy of Socialism; you should study it earnestly and with that sympathy that gives us insight. Socialism has been the means of moulding the lives of many. Further, we should compensate to society that which society has given to us.”

Following Mr. Laidler’s speech the club discussed the question of speakers on various live topics. These speeches are to be given by a number of prominent men and will form a series. They will not be confined to Socialism, but will take up all lines of radical thought. As soon as the speakers have all been secured, the club will publish the list with their various topics. The next meeting of the club will be held next Wednesday afternoon in Earl Hall.

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TRUST PROBLEM DISCUSSED
Seager Addresses Economists

Source:  Columbia Daily Spectator, Volume LV, Number 32, 2 November 1911, p. 8.

At the meeting of the Economics Club in Hamilton Hall yesterday afternoon Professor H. P. Seager gave a lecture on Trusts. A large audience was present when the president of the club introduced the speaker. Professor Seager began his lecture by giving a short history of the Sherman Anti-Trust Act of 1890. He praised the law very highly and said that better wording could hardly be framed to cover the situation so thoroughly. Until the term of Roosevelt, the law had not been properly enforced. Under McKinley, only three indictments were issued; under Roosevelt, however, there were twenty-five indictments against trusts and the same policy has been carried on under Taft, his record being eighteen, up to July 1, 1911.

The late decisions of the Supreme Court were next discussed by Professor Seager. He was not very sanguine about the probable efficacy of the court’s orders to the trusts to dissolve. The haze surrounding the court’s decisions must be cleared away in subsequent suits before the real meaning of the Anti-Trust Act is defined.

It was therefore the duty of the President to institute suit against the Steel Trust in order to clear up this vagueness. Industry must necessarily be dull until it is definitely settled whether business, as at present organized can exist or not.

He remarked in conclusion that the tendency seemed to be toward Socialism, but that he had grave doubts whether this tendency would go to that extent. It was his opinion that the present situation would produce a solution for the problems of today.

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FOREIGN SOCIALISM STUDIED
Cooperation Discussed

Source:  Columbia Daily Spectator,Volume LV, Number 49, 23 November 1911, p. 5.

At a study meeting held in Earl Hall yesterday, R.J. Trimble ’12, addressed the Socialist Club on the cooperative movement in Belgium. This movement has spread into almost all of the retail business of the country, and the working people buy nearly all their goods at these stores obtaining not only a saving in price, but free insurance against unemployment, sickness and accident.

The next meeting of the club will be held on Wednesday, November 29th, when one of the members will give a talk on Edward R. Bellamy and his works. On Friday, December 8, Mr. John Moody, of “Moodys Magazine,” will give a lecture under the auspices of the club on “The Problem of Railroads.”

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ADDRESS ON CHILD LABOR
O. R. Lovejoy Gives Lecture

Source:  Columbia Daily Spectator, Volume LV, Number 68, 19 December 1911, p. 3.

“Child Labor” was the topic of the third lecture in the series on “Modern Problems” held under the auspices of the Socialist Club given yesterday afternoon by Owen R. Lovejoy. Mr. Lovejoy drew largely from his own experience as secretary of the National Child Labor Committee. “As compared with the great problem itself, the effects of child labor on the child dwindle into insignificance. Really the most important aspect of the problem is its economic aspect. It means a menace to our economic interest from the standpoint of wages. Wherever child labor is employed the standard of wages in the community is lowered. Thus, in some New England towns men get only eight or nine dollars a week as a result of the competition from child labor.

“Child Labor” acts indirectly to destroy the family. No more faulty argument can be used against Socialism than to say it will destroy the family, it is already destroyed. The employment of children during the hours they should be under the influence of the home tends in this direction. But even worse, the lower standard of wages resultant on child labor makes it the duty of a man subject to those conditions not to attempt to raise a family.

“Legislation regulating this course has been secured in thirty-eight of the states, but the great fault is not that sufficient legislation has been had, but that there has not been sufficient enforcement of the legislation.”

“The main opposition to child labor regulation has come in the past from those most vitally interested —from the employers, from the parents of the children and even from the children themselves. It has actually been demonstrated by comparison of factories in New England where no child labor is employed and those of the South where it is employed that the employer suffers in economic loss by their employment—and yet the employers oppose us. The parents are against us either because they are ignorant or because they suffer the want of a larger income, whereas child labor itself acts to lower their own wages.

 

Image Source:  1912 U.S. presidential campaign poster for the Socialist Party ticket: Eugene V. Debs and Emil Seidel from Wikimedia Commons.