According to the Princeton catalogue for 1922/23, the undergraduate course Economics 407 “Corporations: Finance and Regulation” was taught by Professor Frank Haigh Dixon. The course was designated as a senior course that graduate students could attend with supplementary work and a weekly conference. Frank W. Fetter took Economics 407 (that appears to have had the title “Government and Business” during the first semester of the academic year 1924-25. In his papers at the Economists’ Papers Archive at Duke University, one finds 47 pages of lecture notes for this course taken by Fetter (in which clear references to Dixon as the lecturer are found) plus about 40 pages of notes he took on his reading assignments.
This post is limited to providing links to the texts and the weekly reading assignments of Dixon’s course. The course outline is followed by a memorial faculty minute for Professor Frank Haigh Dixon that provides career and biographical information.
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Princeton University, 1924-1925
Government and Business
Economics 407
Links to Course Texts
Gerstenberg, Charles W. Financial Organization and Management. New York: Prentice-Hall, 1924. [Revised in 1923, Second revised edition 1939, Fourth Revised Edition, 1959]
Jones, Eliot. The Trust Problem in the United States. New York: Macmillan, 1921.
Ripley, William Z. (ed.). Trusts, Pools and Corporations, rev. ed. Boston: Ginn and Company, 1916. [1905 edition]
Morgan, Charles Stillman. Regulation and the Management of Public Utilities. Boston and New York: Houghton Mifflin Company, Riverside Press Cambridge, 1923. [Awarded second prize in Class A of the Hart, Schaffner & Marx competition]
Assignments
| Sept. 26 | Gerstenberg | Ch. 4-7 |
| Sept. 30 | Gerstenberg | Ch. 8-12 |
| Oct. 6 | Gerstenberg | Ch. 13, 18, 19, 22 |
| Oct. 13 | Gerstenberg | Ch. 27, 28, 29 |
| Oct. 20 | Gerstenberg | Ch. 30, 31, 32 |
| Oct. 27 | Gerstenberg | Finish book |
| Nov. 3 | Jones
Ripley |
Ch. 1, 2, 3, 4, 19
old ed. pp. 244-249 |
| Nov. 10 | Jones
Ripley |
Ch. 13, 14
Ch. 1 and 2 |
| Nov. 17 | Jones
Ripley |
Ch. 5, 7
Ch 4 (rev.) or 5 (old) 8 (rev. only) |
| Nov. 24 | Jones | Ch. 6, 9, 10. |
| Dec. 1 | Jones | Ch. 17 & 18 |
| Dec. 8 | Jones
Ripley |
Ch. 8
Ch 18 (rev ed.) & pp. 545-549 (rev. ed) |
| Dec. 15 | Jones
Ripley Morgan |
Ch. 15
Ch 19 (rev. ed.) Ch. 1 & 2 |
| Jan. 12 | Morgan | Ch. 3, 5 |
| Jan. 19 | Morgan | Ch. 6, 7 |
Source: Duke University. David M. Rubenstein Rare Book & Manuscript Library. Economists’ Papers Archive. Frank Whitson Fetter Papers, Box: 49, Folder: “Student Papers, Graduate Courses (Princeton University) EC 407 Government and Business Notes 1924-1925”.
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Faculty Minute adopted March 6, 1944
FRANK HAIGH DIXON
The death, on January 27, 1944, of Frank Haigh Dixon, professor of economics, emeritus, closed a scholarly career of national distinction in his special field of transportation and public utilities. Professor Dixon was born in Winona, Minn., on October 8, 1869, the son of Alfred C. and Caroline A. D. Dixon. He pursued his collegiate studies at the University of Michigan until his attainment of the doctorate in 1895. This was followed by a year of study at the University of Berlin. Returning to Michigan, he served one year as an instructor in history before becoming an assistant professor of economics. At the University of Michigan he had the good fortune to have as his teacher and later as colleague that able economist and remarkable man, Henry Carter Adams, who at that time was organizing the uniform accountancy system of all the American railroads under the jurisdiction of the Interstate Commerce Commission. As a young economist Dixon was thus attracted to the subject of transportation, in which he wrote his doctoral thesis. Declining an invitation to go to Cornell University, he in 1898 accepted a call to an assistant professorship at Dartmouth College.
Professor Dixon’s record of academic and public services is outstanding. Following a visit to England in 1900 to get information, he largely prepared the plans for the establishment at Dartmouth of a graduate school of commerce and business, the Amos Tuck School of Administration and Finance, of which he became the first director. In 1903 he attained full professorial rank. Giving up the Tuck School position, he retained the chairmanship of the department of economics and at the time of his resignation to come to Princeton was recognized as one of the most influential leaders in the Dartmouth faculty.
Professor Dixon came to Princeton in 1919 with ripe scholarship, broad experience and outstanding ability as a lecturer and teacher of college classes, as was further evidenced at once by the large enrollments in his Princeton courses. His coming put Princeton in the first rank of American universities for the distinction of its graduate work in this field. His Alma Mater, Michigan, tried in vain to lure him away from us. His services as chairman of the department of economics and social institutions from 1922 to 1927, on various faculty committees, and particularly in the building up of the Pliny Fisk Collection of research material in the fields of railroad and corporation finance, were marked by clear vision, practical judgment, and unwavering loyalty to the best interests of the University as a whole. In 1938, having reached the age for retirement, he became professor emeritus.
From the first of his career Professor Dixon was very active professionally outside the classroom. In 1907-1908 he served as a consulting expert for the Interstate Commerce Commission and in the following year in a similar capacity for the National Waterways Commission. During the first world war he was a special expert for the U.S. Shipping Board and he was a member of the executive board of the New Hampshire Commission on Public Safety. From 1910 to 1918, without giving up his college work, he was chief statistician of the Bureau of Railway Economics at Washington. For a full half century he was a member of the American Economic Association, serving repeatedly on its executive committee, and in 1927 he was vice-president of the Association. His writings, which with few exceptions were on transportation, are too numerous to be listed here. One of the most notable items in his bibliography was his authoritative text published after his coming to Princeton, “Railroads and Government: their Relations in the United States, 1910-1921.”
In 1900 Professor Dixon married Alice L. Tucker, daughter of the Rev. William J. Tucker, then president of Dartmouth College. In coming to Princeton Professor and Mrs. Dixon left in Hanover many close professional and personal friends. In turn they quickly won in Princeton many others whose number and regard have grown with the passing years. We rejoice that Mrs. Dixon is keeping the family residence among us. To her and to her three children, William Tucker, Roger Colt, and Caroline Moorhouse Dixon, the faculty of Princeton University wishes to express its deep sympathy as well as the high appreciation of the large contributions which Frank Haigh Dixon made to this University community.
Frank A. Fetter
William S. Carpenter
Stanley E. Howard, Chairman
Source: Princeton Alumni Weekly, Vol. 44 (April 28, 1922), p. 25.
Image Source: Frank Haigh Dixon faculty portrait Tuck School, Dartmouth College. Rauner Special Collections Library.