Tag: Knight

Chicago. Economics Department Budget Proposal for 1944-45 by Simeon Leland, Feb 1944

Post author By Irwin Collier
Post date 2025-12-28

The 1944-45 budget file for the department of economics consists of a three page spreadsheet, is followed by fifteen pages of line item justifications for changes signed by the chairman of the department Simeon E. Leland and a one page budget memorandum by the assistant comptroller (Lincicome) to the Vice President (Filbey). This is an informationally rich document.

For this posting I have converted the item rows of the budget spreadsheet into individual columns for the items. The separate items have then been paired with the line item justifications.

An excerpt from a 1945 development plan by Chairman Leland for the department has been transcribed and posted.

___________________________________

Named in the Instructional Budget, 1944-45

Harbison, Frederick H.

McGuire, Christine H. (Mrs. Jules Masserman)

___________________________________

The University of Chicago
Budget and Appointment Recommendations
1944-45

Division of the Social Sciences
Department of Economics

February 21, 1944

Departmental Recommendations

In presenting the Budget for 1944-45, I am transmitting the recommendations of the Professors in the Department of Economics as decided upon at their meeting February 15, 1944. The specific recommendations, save as to dissents where their own welfare was involved, were unanimous. For convenience, the recommendations are presented in two divisions: (I) The college; (II) The Department. An attempt is also made to consider problems of the future development of the Department.

The College

Recommendations concerning those members of the College staff who have status in the Department will be appended hereto when they are received from Dean Faust. As in the past, the Department has no responsibility in connection with the College and hence does not assume responsibility for recommendations in the College. The Department is glad to incorporate in its budget or transmit through customary channels any recommendations Dean Faust desires to make.

The Department

The recommendations of the Professors in the Department can be classified under four convenient headings: (A) Advancements in Rank and Increases in Salaries Related Thereto; (B) Recommendations as to Changes in Salaries; (C) Appointments ;(D) Future Development of the Department; (E) Recommendations as to Service and Equipment.

Instructional Budget Account

Item No.			1-20
Account No.			2621 Instruction
Name and Proposed Rank (Old rank in parenthesis if change recommended)
Tenure
	Present Expira.
	New appointment
		From
		Yrs.
Service Basis
	Number of quarters
	If part-time, approx. %
Salary Level
	1943-44		$54,600)
	Proposed
		Chairman	$65,550)
		Dean
President’s Recommendation
	Rank
	Salary Level		[….]
	Amount 1944-45

___________________________________

Items requiring no change
in rank or salary

Professor Jacob Viner

Item No.			1
Account No.			2621 Instruction
Name and Proposed Rank (Old rank in parenthesis if change recommended)			Viner, Jacob, Prof.
Tenure
	Present Expira.		Sept….
	New appointment
		From
		Yrs.
Service Basis
	Number of quarters		3
	If part-time, approx. %
Salary Level
	1943-44		$10,000
	Proposed
		Chairman	$10,000
		Dean
President’s Recommendation
	Rank
	Salary Level
	Amount 1944-45

___________________________________

Professor T. W. Schultz

Item No.			4
Account No.			2621 Instruction
Name and Proposed Rank (Old rank in parenthesis if change recommended)			Schultz, T.W., Prof.
Tenure
	Present Expira.		Sept….
	New appointment
		From
		Yrs.
Service Basis
	Number of quarters		3
	If part-time, approx. %
Salary Level
	1943-44		$9,000
	Proposed
		Chairman	$9,000
		Dean
President’s Recommendation
	Rank
	Salary Level
	Amount 1944-45

___________________________________

Professor Jacob Marschak

Item No.			6
Account No.			2621 Instruction
Name and Proposed Rank (Old rank in parenthesis if change recommended)			Marschak, Jacob, Prof. ([Paid by] Commission
Tenure
	Present Expira.		Dec….
	New appointment
		From
		Yrs.
Service Basis
	Number of quarters		3 [in Economics] 4 [in Cowles]
	If part-time, approx. %		50% [Economics] 50% [Cowles]
Salary Level
	1943-44		$7,500 Total From Economics $3,750 From Cowles $3,750
	Proposed
		Chairman	$7,500 Total From Economics $3,750 From Cowles, $3,750
		Dean
President’s Recommendation
	Rank
	Salary Level
	Amount 1944-45

___________________________________

Professor Paul H. Douglas

Item No.			7
Account No.			2621 Instruction
Name and Proposed Rank (Old rank in parenthesis if change recommended)			Douglas, P.H., Prof. (On leave, 10/1/42—enlisted)
Tenure
	Present Expira.		Sept….
	New appointment
		From
		Yrs.
Service Basis
	Number of quarters		3
	If part-time, approx. %
Salary Level
	1943-44		($7,000)
	Proposed
		Chairman	($7,000)
		Dean
President’s Recommendation
	Rank
	Salary Level
	Amount 1944-45

___________________________________

Assistant Professor Frederick H. Harbison

Item No.			13
Account No.			2621 Instruction
Name and Proposed Rank (Old rank in parenthesis if change recommended)			Harbison, F. H., Asst. Prof. (On leave [to 9/30/44] Government Service)
Tenure
	Present Expira.		Sept. 45
	New appointment
		From
		Yrs.
Service Basis
	Number of quarters		3
	If part-time, approx. %
Salary Level
	1943-44		($4,000)
	Proposed
		Chairman	$4,000
		Dean
President’s Recommendation
	Rank
	Salary Level		[4,000]
	Amount 1944-45

___________________________________

Advancements in Rank and Increases in Salaries Related Thereto

[Note: All departmental recommendations for an advancement in rank were rejected by the President’s Office.]

___________________________________

Associate Professor Lloyd W. Mints

[11] The Department recommends that the rank of Lloyd W. Mints be changed from Associate Professor to Professor of Economics. Mr. Mints has been a member of the staff since 1920, rising successively from Instructor to Assistant Professor to Associate Professor. He has earned the respect of students and colleagues for the thoroughness of his teaching and for his insight into economic and monetary theory. He has been a willing worker and has carried a heavy load of administrative routine for many years in connection with the advising of students. The Department has considered this recommendation on several occasions within the last few years and expected to make the recommendation at a time when Mints’ book on A History of Banking Theory would appear. Through no fault of his own the publication of this work — the fruition of several years’ research — has been delayed due to the war and the shortage of paper. Harper and Brothers have the manuscript in their possession and have agreed to publish it, but because of market difficulties plus rationing of paper stocks actual publication will probably be postponed for some time. It does not seem fair to delay this promotion in hope of finding a strategic occasion for its presentation. If one looks ahead to retirement and the possibility of accumulating a satisfactory annuity, the earlier this promotion is given the greater will be its worth to Mr. Mints. On the other hand, delay may tend to impair morale and produce discouragement, especially when the length of Mints’s service to the University is considered. It is recommended that Mr. Mints’s salary be increased $1,000.

Item No.			11
Account No.			2621 Instruction
Name and Proposed Rank (Old rank in parenthesis if change recommended)			Mints, L. W., Prof. (Assoc. Prof.)
Tenure
	Present Expira.		Sept. 45
	New appointment
		From	10/1/44
		Yrs.	[Ind]
Service Basis
	Number of quarters		3
	If part-time, approx. %
Salary Level
	1943-44		$4,000
	Proposed
		Chairman	$5,000
		Dean	Ac. Prof.
President’s Recommendation
	Rank
	Salary Level		[$4,500]
	Amount 1944-45

___________________________________

Associate Professor Henry C. Simons

[10] The Department recommends the promotion of Henry C. Simons from Associate Professor to Professor of Economics. Simons has earned the reputation here and among his peers at other institutions of being a brilliant economist. His powers of theoretical analysis are equaled by few men: his scintillating suggestions as to public policy in the fields in which he has written have been widely recognized and favorably quoted; his writings have an originality and style which matches the subjective contributions of his works. Simons’ opinions on many economic subjects are eagerly sought. The Department recommends that his salary be increased $1,500. The recommendations as to advancement in rank and increase in salary will also be supported by the Law School, to which Simons devotes ono-third of his time.

See the Law School recommendations, Item 12. Since the present contract for the Civil Affairs Training Program does not extend throughout the year 1944-45, provision must be made in the regular budget for the salary if a new appointment is to be made from the budget.

Item No.			10
Account No.			2621 Instruction
Name and Proposed Rank (Old rank in parenthesis if change recommended)			Simons, H.C., Prof. (Assoc. Prof)
Tenure
	Present Expira.		Sept….
	New appointment
		From	10/1/44
		Yrs.	[Ind]
Service Basis
	Number of quarters		3
	If part-time, approx. %		67 (Econ.) 33 (Law School)
Salary Level
	1943-44		$4,500 (Total) $3,000 (Econ.) $1,500 (Law School)
	Proposed
		Chairman	$6,000 $4,000 (Econ.) $2,000 (Law School)
		Dean	[Ac. Prof]
President’s Recommendation
	Rank		[Ac. Prof]
	Salary Level		[$5,000 (Total)] [$3,333 (Econ.)] [$1,667 (Law School])
	Amount 1944-45

___________________________________

Instructor H. Gregg Lewis

[14] The Department proposes that H. Gregg Lewis be promoted from Instructor to Assistant Professor and that his salary be increased $500, effective upon his return to the University at the close of the war. His work merits this recognition. By the time he returns, it is believed that Lewis will have received his Ph.D. His dissertation is in final stages of preparation.

The leave must be extended if the salary is not to be included in the budget totals.

Item No.			14
Account No.			2621 Instruction
Name and Proposed Rank (Old rank in parenthesis if change recommended)			Lewis, H. G. Asst. Prof. (Instructor) (On leave, Govt. Serv. To 9-30-44 to be extended to 9/30/45)
Tenure
	Present Expira.		Sept. 44
	New appointment
		From	10/1/44
		Yrs.	3
Service Basis
	Number of quarters		3
	If part-time, approx. %
Salary Level
	1943-44		($3,500)
	Proposed
		Chairman	($4,000)
		Dean
President’s Recommendation
	Rank		[Instructor]
	Salary Level
	Amount 1944-45		[$4,000]

___________________________________

Lecturer Robert K. Burns

[15] The Department desires to recommend the appointment of Robert K. Burns as Assistant Professor, to serve the University on a half-time basis at a stipend of $2,000 per annum. Burns, who holds the title of Lecturer, has carried the bulk of the work of the Department in the field of labor during the past two years. Not only has he carried a heavy instructional load but he has supervised class research, and dissertations as well. Burns has been Regional Director of the War Labor Board in Chicago and has recently been transferred to the Washington office to direct certain new activities of the Board. This promotion came as a recognition of outstanding work. How soon Burns could assume increased responsibilities in the University is not known, but any time his services can be made available the Department is in a position to utilize them effectively. With Harbison and Douglas also in the field of labor, it is believed that a half-time appointment for Burns is all that is now required.

Item No.			15
Account No.			2621 Instruction
Name and Proposed Rank (Old rank in parenthesis if change recommended)			Burns, R. E., Asst Prof. (Lecturer, part time).
Tenure
	Present Expira.		June, 44
	New appointment
		From	7/1/44
		Yrs.	3
Service Basis
	Number of quarters		3
	If part-time, approx. %		50
Salary Level
	1943-44		$1,400
	Proposed
		Chairman	$2,000
		Dean
President’s Recommendation
	Rank		[Lect]
	Salary Level		[$2000]
	Amount 1944-45

___________________________________

Changes in Salaries

Professor Frank H. Knight

[2] The Department, over the protest of Frank H. Knight, recommends to the Division that Knight’s salary be increased $1,500 so as to place his compensation on the $10,000 level. If a Distinguished Professorship is available, Knight should receive it; if such a Professorship is unavailable, Knight should receive a stipend as though he were so honored. He is known throughout the world as one of its outstanding economists. His reputation and scholarship extend to the fields of philosophy, ethics, religion, and history, to name but a few. His fellow economists have honored him on many occasions; he has represented them for many years on learned societies. He has been tempted with offers from other institutions. He has been made a Professor of the Social Sciences in recognition of the breadth of his competence. Honor is bestowed on him everywhere; only the University can give him the freedom from financial ills he sorely needs and deserves. His present salary is an embarrassment to the Department, even though it is all charged against the Division.

Item No.			2
Account No.			2621 Instruction
Name and Proposed Rank (Old rank in parenthesis if change recommended)			Knight, F. H., Prof. (also Soc.Sci.Div.Instr.
Tenure
	Present Expira.		June….
	New appointment
		From
		Yrs.
Service Basis
	Number of quarters		3
	If part-time, approx. %
Salary Level
	1943-44		$8,500 From Econ. …. From Soc.Sci.Div. $8,500
	Proposed
		Chairman	$10,000 From Econ. …. From Soc.Sci.Div. $10,000
		Dean
President’s Recommendation
	Rank
	Salary Level		From Soc.Sci.Div. [$9,000) 4]
	Amount 1944-45

___________________________________

Professor John U. Nef

[5] The Department would like to recommend an increase in salary of $1,000 for John U. Nef, but Nef says that he will not hear of it nor accept an increase in compensation. The Department believes that such an increase is well deserved and wants its recommendation to be recorded even if Mr. Nef declines to receive what is manifestly his due.

Item No.			5
Account No.			2621 Instruction
Name and Proposed Rank (Old rank in parenthesis if change recommended)			Nef, J.H., Prof. (also History
Tenure
	Present Expira.		Sept….
	New appointment
		From	[10/1/44]
		Yrs.	[Ind]
Service Basis
	Number of quarters		3 [in Economics and History]
	If part-time, approx. %		50% [Economics] 50% [History]
Salary Level
	1943-44		$7,500 Total From Econ. $3,750 From Hist. $3,750
	Proposed
		Chairman	$8,500 Total From Econ. $4,750 From Hist., $3,750
		Dean
President’s Recommendation
	Rank
	Salary Level		[$8,000 Total] [From Econ. $4,250] [From Hist. $3,750 (4]
	Amount 1944-45

___________________________________

Professor Oscar Lange

[9] The Department recommends an increase in salary of $500 for Oscar Lange. When Lange returned to the University of Chicago after a year’s leave at Columbia, he did so at a distinct financial sacrifice. Any continuation of that disadvantage should be removed. It is the opinion of the Department, too, that Simons and Lange should be treated equally with respect to salary and rank. In view of the salary proposed for Mr. Simons, this increase is doubly appropriate.

Item No.			9
Account No.			2621 Instruction
Name and Proposed Rank (Old rank in parenthesis if change recommended)			Lange, Oscar, Prof.
Tenure
	Present Expira.		June….
	New appointment
		From	[7/1/44]
		Yrs.	[Ind]
Service Basis
	Number of quarters		3
	If part-time, approx. %
Salary Level
	1943-44		$5,500
	Proposed
		Chairman	$6,000
		Dean
President’s Recommendation
	Rank
	Salary Level		[$6000]
	Amount 1944-45

___________________________________

Appointments

Professor Simeon E. Leland

The new appointment information should be inserted for the position of Chairman.

Item No.			3
Account No.			2621 Instruction
Name and Proposed Rank (Old rank in parenthesis if change recommended)			Leland, S.E., Prof. and Chairman (also Political Sci.
Tenure
	Present Expira.		June…. [As Chairman Jun 44]
	New appointment
		From	[7-1-44] [As chairman 7-1-44]
		Yrs.	Ind [as Prof] 3 yrs [as chairman]
Service Basis
	Number of quarters		3 [in Economics and Pol. Sci.]
	If part-time, approx. %		50% [Economics] 50% [Political Sci.]
Salary Level
	1943-44		$8,000 Total From Econ. $4,000 From Pol.Sci. $4,000
	Proposed
		Chairman	$8,000 Total From Econ. $4,000 From Pol.Sci. $4,000
		Dean	$9,000 Total From Econ. $4,500 From Pol.Sci. $4,500
President’s Recommendation
	Rank
	Salary Level		[$9,000 Total] [From Econ. $4,500] [From Pol.Sci. $4,500 (4]
	Amount 1944-45

___________________________________

Professor Chester W. Wright

[8] At the end of the present year Chester W. Wright becomes Professor Emeritus. Up to the present time the Department has been unable to fill Professor Wright’s post. Outstanding scholars of American Economic History are few; promising young men are scarce. Professor Wright’s health and energy are unimpaired. He is at the peak of his career. His recently completed Economic History of the United States is an outstanding achievement. The Department believes that Professor Wright should be invited to remain at the University during the coming year on a half-time basis. The continuance of his work and his presence here will make easier the finding as well as the appointment of a successor. As long aa Professor Wright is in the city the University will be the beneficiary of his work on Library acquisitions. His painstaking labors in the Library over a period of years is reflected in the excellence of the collections of books in Economics and Social Sciences — collections which include rare books, historic volumes and current issues, making our Library one of the best of university libraries.

The desirability of the renewal of Professor Wright’s appointment is strengthened by the fact that Mr. Harold Innis of the University of Toronto, to whom a Professorship in the Department has been offered, has declined our offer for the duration due to his feeling of responsibility toward his own institution in the present emergency. Innis has indicated that when the war is over he will be glad to reconsider our offer. Due also to his great regard for Professor Wright, the renewal of Wright’s appointment for the duration (on a year-to-year basis, as may be required) will be an important factor in inducing Innis to come to the University of Chicago. Probably more than any one person, Wright may be able eventually to induce Innis to join the staff.

If Innis does come to the University of Chicago, he will doubtless wish to devote his attention to Canadian economic history and only gradually devote his energies to continental developments. It will be necessary, therefore, to bring in a young man to teach United States economic history. As has been indicated, promising candidates are hard to find and the Department is unable to recommend a person for appointment at this time. Both Professors Wright and Nef emphasize the difficulties of this task. And, if a recommendation is to be made, the candidate must enjoy the support of senior professors in this field. All of which strengthens the recommendation of the Department for the continuance of Professor Wright’s teaching.

Is the proposed salary to be in addition to the retiring allowance at $3,000 per year?

Item No.			8
Account No.			2621 Instruction
Name and Proposed Rank (Old rank in parenthesis if change recommended)			Wright, C. W., Prof. Emer. (Prof.) [(also Retiring Allowance (Total Salary]
Tenure
	Present Expira.		Sept. 44
	New appointment
		From	[10/1/44]
		Yrs.	1
Service Basis
	Number of quarters		3
	If part-time, approx. %		50
Salary Level
	1943-44		$6,500
	Proposed
		Chairman	$3,250
		Dean
President’s Recommendation
	Rank		[Retire 10/1/44]
	Salary Level
	Amount 1944-45		[$1625]

___________________________________

Instructor Henry S. Bloch

[16] It is recommended that the appointment of Henry S. Bloch as instructor be renewed. Bloch at present is devoting his time exclusively to the CATS program, where his salary is charged. Should that training program be liquidated, Bloch’s services can be transferred immediately to Departmental teaching, research, and assistance in advising students. During the past year such needs have arisen, but because of the demands of the military program Bloch has not been able to assist the Department in its civilian program. Attention is called to the fact that Bloch’s salary is on a four-quarter basis.

Our payroll department states that the present appointment for Mr. Bloch at $2,200 per year is charged to the Economics budget and expires June 30, 1944. There is no record of the appointment chargeable to the Civil Affairs Specialists Training Program. Will you please check your records. Also, since the Training Program contract does not cover 1944-45, it is assumed that any salary for next year must be included in the department totals.

Item No.			16
Account No.			2621 Instruction
Name and Proposed Rank (Old rank in parenthesis if change recommended)			Bloch, H. S., Inst. (also CATS).
Tenure
	Present Expira.		9/30/44
	New appointment
		From	10/1/44
		Yrs.	1
Service Basis
	Number of quarters		4
	If part-time, approx. %
Salary Level
	1943-44		$3,600 (CATS)
	Proposed
		Chairman	$3,600 (CATS)
		Dean
President’s Recommendation
	Rank
	Salary Level		[$3,600 (CATS)]
	Amount 1944-45

___________________________________

Visiting Professor D. H. Buchanan

[12] D. H. Buchanan of the University of North Carolina is a Visiting Professor assisting in the military training program of the University. It is our understanding that his appointment is for the duration or during the continuance of the military training program. Mr. Buchanan’s salary has been charged against the CATS budget and I presume his appointment will continue at the same rate and so long as this program continues. Buchanan is included in this budget only for the sake of completeness.

Item No.			12
Account No.			2621 Instruction
Name and Proposed Rank (Old rank in parenthesis if change recommended)			Buchanan, D. H., Vis. Prof. (also CATS
Tenure
	Present Expira.		Aug. 44
	New appointment		9/1/44 (CATS)
		From	10/1/44
		Yrs.	1
Service Basis
	Number of quarters		4
	If part-time, approx. %
Salary Level
	1943-44		$8,000 (CATS)
	Proposed
		Chairman	$8,000 (CATS)
		Dean	[Do not appoint] [illegible word]
President’s Recommendation
	Rank
	Salary Level
	Amount 1944-45

___________________________________

Research Associate Gale Johnson

[18] The appointment of Gale Johnson as a Research Associate in Agricultural Economics at a four-quarter stipend of $3,700 was recommended during the current year to provide research assistance for Professor T. W. Schultz. Johnson’s appointment will commence as of April 1, 1944.

Item No.			18
Account No.			2621 Instruction
Name and Proposed Rank (Old rank in parenthesis if change recommended)			Johnson, Gale, Res.Assoc. in Agri. Economics
Tenure
	Present Expira.		6/30/44
	New appointment
		From	7/1/44
		Yrs.	1
Service Basis
	Number of quarters		4
	If part-time, approx. %
Salary Level
	1943-44		$3,700
	Proposed
		Chairman	$3,700
		Dean
President’s Recommendation
	Rank
	Salary Level
	Amount 1944-45

___________________________________

Lecturer John K. Langum

[17] The Department recommends the appointment of John K. Langum, Vice President of the Federal Reserve Bank of Chicago in charge of the Bank’s economic research and statistics, as Lecturer in Banking and Banking Policy. The Department would like to appoint Langum as a Lecturer, with the expectation that the arrangement would continue for many years to the mutual advantage of both institutions. A stipend of $500 is proposed, in return for which Langum would be invited during two Quarters of the academic year to give a seminar or series of evening lectures on current topics in banking and banking policy. These lectures should greatly strengthen the work of the University in the field of banking, a defect in our training and research of which we have long been cognizant. We are anxious to make the appointment at an early date, but will make the expenditure of funds contingent upon adequacy of registrations.

The Langum appointment should bring credit to the University. He is well and favorably known in economic and banking circles. He holds his Ph.D. from the University of Minnesota. He is the author of numerous articles in his field. Recently he has prepared a monograph which the Committee on Economic Development is to publish.

Item No.			17
Account No.			2621 Instruction
Name and Proposed Rank (Old rank in parenthesis if change recommended)			Langum, J.K., Lecturer
Tenure
	Present Expira.
	New appointment
		From	1/1/45 (Winter and Spring Quarters)
		Yrs.
Service Basis
	Number of quarters		2
	If part-time, approx. %		Pt.
Salary Level
	1943-44
	Proposed
		Chairman	$500
		Dean
President’s Recommendation
	Rank
	Salary Level		[$500]
	Amount 1944-45

___________________________________

Items 12a, 13a, 15, 1, and 16a are inserted since the individuals have appointments extending beyond June 30, 1944.

Professor Maynard C. Krueger

Item No.			[12a]
Account No.			2621 Instruction
Name and Proposed Rank (Old rank in parenthesis if change recommended)			[Krueger, M. C. As Prof. (also College]
Tenure
	Present Expira.		[Sept. 44]
	New appointment
		From
		Yrs.
Service Basis
	Number of quarters
	If part-time, approx. %
Salary Level
	1943-44		[$4,000]
	Proposed
		Chairman	[$4,000) 4]
		Dean
President’s Recommendation
	Rank
	Salary Level		[$4,000]
	Amount 1944-45

___________________________________

Assistant Prof. Gerhard E.O. Meyer

Item No.			[13a]
Account No.			2621 Instruction
Name and Proposed Rank (Old rank in parenthesis if change recommended)			[Meyer, G.E.O. As. Prof. (also College]
Tenure
	Present Expira.		[Sept. 44]
	New appointment
		From
		Yrs.
Service Basis
	Number of quarters
	If part-time, approx. %
Salary Level
	1943-44		[$2,700]
	Proposed
		Chairman	[$3,500) 4]
		Dean
President’s Recommendation
	Rank
	Salary Level		[$4,000]
	Amount 1944-45

From the spreadsheet it is not clear about the breakdown of source of funding between the Department of Economics and the College.

___________________________________

Instructor/Dean of Students Christine McGuire Masserman

Note: items 15a and 16a refer to the same person. Christine H. McGuire (who married the psychiatrist Jules H. Masserman). Christine H. McGuire is listed in the U.S. National Register of Scientific and Technical Personnel, 1921-1970 as having received a master’s degree in 1938. She later moved from teaching economics to

Item No.			[15a]
Account No.			2621 Instruction
Name and Proposed Rank (Old rank in parenthesis if change recommended)			[McGuire, Christine (Mrs. Jules H. Masserman), Inst. (also College and Dean of Students]
Tenure
	Present Expira.		[Sept 44]
	New appointment
		From
		Yrs.	1
Service Basis
	Number of quarters		4
	If part-time, approx. %
Salary Level
	1943-44		[$2,000
	Proposed
		Chairman
		Dean	[$2,000 Total College (?) $1,500 )4 Economics (?) $500)4]
President’s Recommendation
	Rank
	Salary Level		[$2,000 Total College (?) $1,500 )4 Economics (?) $500)4]
	Amount 1944-45

Instructor C. H. Masserman

Item No.			16a
Account No.			2621 Instruction
Name and Proposed Rank (Old rank in parenthesis if change recommended)			[Masserman, H. H., Inst.]
Tenure
	Present Expira.		[Sept 44]
	New appointment
		From
		Yrs.
Service Basis
	Number of quarters
	If part-time, approx. %
Salary Level
	1943-44		[$2,000]
	Proposed
		Chairman
		Dean
President’s Recommendation
	Rank
	Salary Level
	Amount 1944-45

___________________________________

The Future Development of the Department

From time to time the Department has called attention to its future needs. It has appraised its deficiencies and has projected problems certain to arise with the retirement of its staff. Some of the problems are still unsolved; one has been solved with brilliance and good fortune.

1. Agriculture

During the past year one of the long standing weaknesses of the Department was cured with the appointment of T. W. Schultz as Professor of Agricultural Economics. With his coming, two important developments can be undertaken. First, a plan for joint degrees in Agricultural Economics cooperatively undertaken by a few selected land grant colleges can be developed. Already we are negotiating with Purdue University to see if we can agree on the details and administration of such a plan. Second, we hope to introduce Agricultural Economics as a field to be studied by undergraduates in the typical four-year college program. At the present time economics departments throughout the country do not call the attention of students to the problems of agriculture either in the so-called “applied economics” courses or in their general survey courses. This is partly due to the fact of specialization, in which work in agriculture and in agricultural economics has been developed almost exclusively in the land grant colleges. It is also due to the fact that few students as part of their graduate education have been exposed to courses In Agricultural Economics. The Department is offering courses in Agricultural Economics to students as part of a general educational program and as part of their training for advanced degrees. Eventually this should bring to the student in urban colleges of liberal arts, where our students are employed, a better understanding of the problems of agriculture. Sooner or later the general courses in economics should deal with agricultural questions just as they now give attention, for example, to the problems of labor, capital, transportation, taxation, or business organization. It is believed that our Department is pioneering in this field, thanks to the active support and encouragement of the University.

2. Transportation

In times past the Department has called attention to the need for strengthening the work offered in Railroads and Transportation. Chicago is the strategic place for the development of advanced training and research in these related fields. It is the railroad center of the United States; it is its central airport; it is a dominant market for railroad equipment and supplies, and during the war has become an important airplane parts manufacturing center. Motor bus and truck-line activities teem in and around Chicago. To meet this opportunity, the University boasts of but one professor whose interests are largely centered in railroad freight rates and who in recent years has typically been on leave. More emphasis in the future should be given to transportation by motor vehicles and airplanes. A major professorial appointment should be contemplated in the field of transportation.

3. Trusts and Monopolies

The retirement of Professor Wright raises the question as to what should be done with respect to teaching and research in the field of Trusts, Monopolies and Business Combinations. Once each year Professor Wright has given a course in Trusts which from the point of view of training of graduate students has been adequate. The decrease in student enrollment during the war has not made the problem critical. The renewal of Professor Wright’s appointment will solve the question for another year.

The field of Trusts alone is not one of sufficient importance, It is believed, to justify a full-time staff appointment. It could easily be combined with Public Utilities or the Control of Business, depending upon the interests of possible candidates for appointment, but some provision should be made to cover this field in the near future.

4. Public Utilities and Control of Business

The offerings of the Department in the field of Public Utilities has been scant, if courses and research over the years are listed. This is true even if the offerings of other Departments and Schools are taken into account. Prior to the depression, efforts were made to make a professorial appointment in this field. Unfortunately, the nominees of the Department could not be induced to join the faculty. Visiting professors were employed on several occasions but with the advent of the depression this practice had to be discontinued. It may be doubted whether Public Utilities is as important a field as it was over a decade ago. Emphasis now has shifted to the Control of Business, with the regulation of public utilities, the dissolution of trusts and the reduction of competition as phases of larger general problems. The control of business by government (and perhaps by other institutions) has long been of interest to economists and political scientists, as well as business men. It has likewise been the concern of lawyers.

The field is of increasing importance in the future. An outstanding professorial appointment would greatly strengthen the University as a whole.

5. Advanced Statistical Theory

In proposing a joint professorship with the Mathematics Department for Professor Abraham Wald, the Department gave expression to a long-felt desire to expand the work of the University in the field of advanced mathematical theory as applied to statistics. Such an appointment with mathematical advice and consultation available to the faculty on their own research and teaching problems would be invaluable. On the whole, the training of students is secondary to this need and service. By such an appointment our research could be strengthened greatly. It offers the opportunity, too, to develop graduate work in the field of statistics far beyond present limits. It is believed that this view and this conception is shared by the Mathematics Department.

As a matter of University policy a closer integration of courses, training and research in the field of statistics would seem to be desirable. The Institute of Statistics has made progress in this direction. More and more the foundations and advanced training in the field should center in the Mathematics Department, with applications being taught in other Departments and Schools. A major appointment such as the one proposed for Wald would strengthen and facilitate these developments.

Although Wald declined our offer, the Department hopes to join Mr. Bartky, Professor of Applied Mathematics, Associate Dean and Dean of Students in the Division of the Physical Sciences and Chairman of the Institute of Statistics, and Mr. Lane, Chairman of the Department of Mathematics, in presenting another recommendation for an outstanding appointment in this field. Such an appointment is a University need which the Department of Economics shares. The Department will help in any way it can to bring about a noteworthy appointment.

6. Joint Appointments with Other Departments

In suggesting appointments in the fields of Trusts and Monopolies, Railroads and Transportation, Public Utilities and the Control of Business, Advanced Mathematical and Statistical Theory, the Department is cognizant of the fact that University resources are limited and that at any time only the most urgent or most important things can be done. Other Departments and Schools, as well as our own, have problems and claims for financial support. Without attempting to weigh the importance of alternative claims or uses for funds, the recommendations of the Department have been made because we think they are important. They represent a portion of a program oriented toward the future.

In making the suggestions enumerated, appointments to the Department of Economics are not being urged per se. Most of the problems also concern other Departments and Schools. In these fields joint appointments are in order. Thereby other parts of the University as well as our own Department would be strengthened. An appointment in Trusts and Monopolies concerns both the Law School and the Department of Political Science, as well as Economics; Railroads and Transportation also concerns the School of Business; Public Utilities and Control of Business should involve Law, Political Science, Business, and Economics; Urban Planning involves the Departments of Geography, Political Science, Economics and the Schools of Law and Business; Social Legislation affects Social Service Administration, Law and Economics. If the University is interested in furthering this suggested development, the Department is ready to take the initiative. Joint appointments will help us improve our Department, its research and teaching.

7. Visiting Professors

Whenever a need arises or a deficiency becomes evident, the easy solution is to suggest “an outstanding appointment.” This may also be the most costly solution even though it may temporarily increase the size, the number of course offerings or the ego of particular departments. It tends to increase the emphasis on less important aspects of particular branches of knowledge. It expends the applications, or the applied courses, rather than the basic elements of theory or science. The growth and strength of certain departments may be increased by concentrating on the development of the fundamental aspects of their subject matter by the regular full-time members of their faculty and by funds spent on increasing the eminence of this central group, the requisite diversification of teaching or research being secured by means of visiting professorships, continuously utilized to cover first one peripheral subject and then another. By bringing to the Department various men for one or two quarters a year, the best they have to offer both in instruction of students and stimulation of faculty colleagues can be secured at relatively low cost. As different men are brought to the Department the gains from this policy can be extended first to one field and then to another. If it is pursued regularly, it will soon become a tradition that new people with unique contributions to supplement those of the regular staff are always in residence in the Department of Economies at the University of Chicago. The Visiting Professorships should be chosen quite as much for their ability to stimulate and educate their faculty colleagues as to enrich the graduate program, though it is hard to see how one could take place without the other.

Next year may not be the time to inaugurate this policy due to difficulties connected with the war and the possible decrease in exceptional graduate students who would profit most from it, but it is urged that the plan be given a careful trial over a period of several years, within which the Department be allowed to experiment freely to see what could be accomplished. It is suggested that $5,000 per annum be placed at the disposal of the Department for 3 to 5 years to see what it can do for itself and the University in the execution of this policy. If it can not demonstrate the gains from this policy, it should be held to account for its failure.

8. Departmental Lectures

A similar line of thought prompts the Department to ask in addition for the sum of $600 per annum for expenditure on occasional lectures to be given by individuals doing new and unique things about which staff members and their best students would otherwise remain ignorant. Such lectures would have little popular appeal and would attract few outside of the Department, but they would give the faculty the benefit of discoveries, hypotheses an ideas before they become current in the profession. Such Iectures could find their way into print via the Journal of Political Economy, Econometrica, or otherwise, as might be determined. The $600 requested would probably provide only two or three such lectures a year due to the payment of expenses and honoraria.

9. A Special Fund for Student Assistance

The suggestion has been made that there be included among the worthy projects to be submitted to prospective donors proposals for the creation of Departmental Funds for the Assistance of Brilliant Students, such as the Littauer Fund now available at Harvard. This would not be a loan fund but a source of grants-in-aid to supplement fellowships, scholarships, loans and other assistance and would be administered by the respective departments which are close to students, and are, therefore, familiar with their needs. A study of the results attained by the Littauer Center might well justify the search for a similar fund.

Recommendations as to Service and Equipment

The Department is unanimous in recommending an increase in salary of at least $35.00 per month for Mrs. Margaret Finnamore who by vote of the faculty has been acting as Secretary of the Department. If it is possible to have this title confirmed and a new salary classification adopted so as to give effect to the work now being performed by Mrs. Finnamore, the wishes of the Department will be carried out. [“]In running the Department, Mrs. Finnamore is the most essential person.”

The Department feels that it is appropriate to increase the salary of Mrs. Marian Woodyard from $145 to $150 per month.

With the continued increase in members of the Department and the increase in their scholarly output, present clerical and stenographic facilities are inadequate. The situation was eased somewhat last year by the addition of $500 to our Equipment and Expense Account. This sum has been utilized to provide additional typing service for staff members but the need can only be met by the addition of one full-time clerk-stenographer. To provide this assistance and to take care of the salary changes recommended above an increase of $2,040 is needed in our Service Account. (I have reduced our Equipment and Expense Account by $500.)

Item No.			21
Account No.			2624 Service
Name and Proposed Rank (Old rank in parenthesis if change recommended)
Tenure
	Present Expira.
	New appointment
		From
		Yrs.
Service Basis
	Number of quarters
	If part-time, approx. %
Salary Level
	1943-44		$3,960)
	Proposed
		Chairman	$6,000
		Dean
President’s Recommendation
	Rank
	Salary Level		[$6,000]
	Amount 1944-45

Equipment and Expense

Item No.			22
Account No.			2625 Equipment and Expense
Name and Proposed Rank (Old rank in parenthesis if change recommended)
Tenure
	Present Expira.
	New appointment
		From
		Yrs.
Service Basis
	Number of quarters
	If part-time, approx. %
Salary Level
	1943-44		$1,360
	Proposed
		Chairman	$860
		Dean
President’s Recommendation
	Rank
	Salary Level
	Amount 1944-45

An independent check on the present volume of office and stenographic work, as well as its work-program for the future, would be welcomed to test the reasonableness of this recommendation.

Respectfully submitted,
[signed] Simeon E. Leland

___________________________________

Three items crossed out of economics departmental budget by President

Visiting Professors

Item No.			19
Account No.			2621 Instruction
Name and Proposed Rank (Old rank in parenthesis if change recommended)			Visiting Professors
Tenure
	Present Expira.
	New appointment
		From
		Yrs.
Service Basis
	Number of quarters
	If part-time, approx. %
Salary Level
	1943-44
	Proposed
		Chairman	$600
		Dean
President’s Recommendation
	Rank
	Salary Level		[….]
	Amount 1944-45

Lecturers

Item No.			20
Account No.			2621 Instruction
Name and Proposed Rank (Old rank in parenthesis if change recommended)			Lecturers
Tenure
	Present Expira.
	New appointment
		From
		Yrs.
Service Basis
	Number of quarters
	If part-time, approx. %
Salary Level
	1943-44
	Proposed
		Chairman	$5,000
		Dean
President’s Recommendation
	Rank
	Salary Level		[….]
	Amount 1944-45

Agricultural Economic Research & Development

Item No.			23
Account No.			2626 Agricultural Economic Research & Development
Name and Proposed Rank (Old rank in parenthesis if change recommended)
Tenure
	Present Expira.
	New appointment
		From
		Yrs.
Service Basis
	Number of quarters
	If part-time, approx. %
Salary Level
	1943-44		$5,000
	Proposed
		Chairman	$5,000
		Dean
President’s Recommendation
	Rank
	Salary Level
	Amount 1944-45		[In Division Budget]

___________________________________

Source: University of Chicago Library. Department of Special Collections. Office of the President. Hutchins Administration Records. Box 284, Folder “Economics, 1943-1947”.

Image Source: Portrait of Simeon E. Leland. University of Chicago Photographic Archive, apf1-03716, Hanna Holborn Gray Special Collections Research Center, University of Chicago Library. Image colorized by Economics in the Rear-view Mirror.

Tags Bloch, BuchananDH, BurnsR, Douglas, Harbison, JohnsonDG, Knight, KruegerM, Lange, Leland, LewisHG, Marschak, McGuire, MeyerGEO, Mints, Nef, SchultzTW, Viner, WrightCW

Cornell Curriculum Economists

Cornell. Frank Knight’s Cornell Coursework, 1913-1917

Post author By Irwin Collier
Post date 2025-02-05
1 Comment on Cornell. Frank Knight’s Cornell Coursework, 1913-1917

Almost fourteen years ago I was in the University of Chicago archives where I came across three boxes in Frank H. Knight’s papers containing his hand-written, three-by-five inch index card notes that covered presumably most, if not all, of his coursework at Cornell for the academic years 1914-15, 1915-16, and 1916-17. For some reason, I presume a time-constraint for that archival visit was involved, I did not copy the notes from his first year at Cornell (1913-14) to have a complete record of his graduate studies. This post provides an overview of the courses taken by Frank Knight and those professors who taught him. For his first year, we are all quite fortunate to have the story of Knight’s ex ante oeconomica life as told by Ross B. Emmett (2015) in his excellent, Frank H. Knight Before He Entered Economics (1885-1914).

The official Cornell course announcements were published in the Spring before the academic year began. This means there are a few discrepencies between the actual instructors identified by Knight and those found in the printed announcements. For example, Alvin Saunders Johnson left the Cornell faculty and was replaced by Thomas Sewell Adams and Herbert J. Davenport during the academic years 1915-16 and 1916-17.

Hopefully there will be time and energy later to provide summaries of course content from Knight’s detailed notes. Visitors are encouraged to sign up to receive future postings via email (see below).

____________________________

1913-14

Source: Announcement of the College of Arts and Sciences, 1913-14. Official Publications of Cornell University. Volume IV (May 15, 1913) Number 11.

Philosophy 11. Philosophical Results and Applications. First term, credit one hour. Prerequisite at least one course in philosophy. Professor [James Edwin] Creighton. S, 12, Goldwin Smith 225.

The purpose of the course is to show how philosophical ideas enter into other departments of thought and have a bearing on concrete problems of life and society. This will be illustrated by a consideration of certain aspects of the movement of thought and civilization in the nineteenth century.

Philosophy 19. The Development of Modern Philosophical Problems. First term, credit two hours. Prerequisite either course 1, 3, 5, 7, 17, 20, or 21. Professor [James Edwin] Creighton. T Th, 12, Goldwin Smith 225.

A review and an interpretation of the leading philosophical ideas of modern schools and systems, with the purpose of tracing the evolution of philosophical conceptions, especially during the nineteenth century, in the light of the various scientific, social, and religious problems with which they are connected.

Philosophy 20. History of Ethics, Ancient, Medieval, and Renaissance. First term, credit two hours. Professor [William Alexander] Hammond. M W, 11, Goldwin Smith 220.

Lectures and assigned readings. A history of moral ideals and reflection in antiquity, the Middle Ages, and the Renaissance, treated in connection with social and political institutions. Primarily for seniors and graduates.

Philosophy 21. History of Modem Ethics. Second term, credit two hours. Professor [Ernest] Albee. M W, 11, Goldwin Smith 220.

The history of modern ethics with special reference to the development of the commonly recognized methods of ethics. The history of British ethics will receive particular attention, as illustrating the gradual differentiation of ethics as an independent science of philosophical discipline. Primarily for graduates.

Philosophy 30. Empiricism and Rationalism. First term, credit three hours. Professor [Ernest] Albee. T Th S, 11, Goldwin Smith 220.

Lectures, discussions, and essays. The empirical movement as represented by Locke, Berkeley, and Hume, and the rationalistic movement as represented especially by Descartes, Spinoza, and Leibniz, with reference to their distinctive methods. Locke’s Essay (Bohn edition, 2 vols.), Hume’s Treatise of Human Nature (Clarendon Press), and Leibniz’s Philosophical Works (Duncan’s translation, Tuttle, Morehouse & Taylor, New Haven). Primarily for graduates.

Political Science 87. The History of Economic Theory. Throughout the year, credit three hours a term. Professor [Alvin Saunders] Johnson. T Th S, 9, Goldwin Smith 264.

It is the purpose of this course to trace the main currents of economic theory from the mercantilists writers to the present day. Chief emphasis will be laid upon the development of the individualistic economic doctrines in 18th century France and England; the conditions, economic and social, upon which they were based; the consolidation of the doctrines in classical economics; and the modifications they have undergone through the influence of historical and social political criticism.

Political Science 88. Value and Distribution. Throughout the year, credit two hours a term. Professor [Alvin Saunders] Johnson. Th, 2.30, Political Science Seminary.

This course is devoted to a study of the chief problems of current economic theory, including the nature, the value, and the laws of its growth, valuation of capital and capitalization, the interest problem, wages, profits, competition, and monopoly. The works of the chief contemporary authorities will be critically studied with a view to disclosing the basis of existing divergencies in point of view.
It is desirable that students registering for this course should have a reading knowledge of German and French.

“The course description for Value and Distribution dated back several years, to the period when Frank Albert Fetter had taught the course. Fetter had completed his doctorate at the University of Halle, and was deeply engaged with economic ideas emerging from the Austrian School of Economics. Carl Menger, often considered the founder of Austrian economics, had initiated a Methodenstreit with the historicist orientation of the German Historical School, whose work had deeply influenced American economists of the late 19th century (many of whom, like Fetter, had completed Ph.Ds. in Germany). When Fetter joined Cornell’s faculty in 1901, there was an existing course on distribution, but not one on price theory generally. There had been, however, a course in reading German economic literature from the Historical School. The course was designed to enable economics students to meet the foreign language requirements Cornell had established for doctoral candidates. Fetter introduced a course in economic theory (eventually called Value and Distribution) that required students to read significant texts by French, German, and Austrian economists such as Leon Walras, Werner Sombart, Eugene Böhm-Bawerk, and Friedrich Wieser in their original language, thereby satisfying simultaneously the Graduate School’s foreign language requirement. When Alvin Johnson arrived at Cornell in 1913 (at the same time as Frank did), he inherited Fetter’s course. But Johnson, a mid-westerner educated at Columbia by John Bates Clark, was aligned more with the Anglo-American tradition of economic theorizing than he was with either the German Historical School or the Austrian School. Thus, he ignored the language requirement. Frank’s notes from Johnson’s course on the History of Economic Theory (which did not have a foreign language requirement) tell us that, one day in class, Johnson said, ‘American and English books [on economics] may contain logical fallacies, but their facts are reliable. Facts and fiction [are] indistinguishable in books like Sombart’s.’ Johnson then suggested that the doctoral requirements for economics at Cornell (and elsewhere, presumably) should state ‘that student[s] should not read German’ (from the Frank Knight Papers, Box 2, Folder 1, quoted in Howey 1983, 169, emphasis in the original).

Source: Ross B. Emmett,Frank H. Knight Before He Entered Eonomics (1885-1914). 2015.

Not registered, but audited.

Philosophy 26. Advanced Ethics. Throughout the year, credit three hours a term. Professor [Frank] Thilly. Lectures, reading, discussion, and essays. M W F, 10, Goldwin Smith 220. Primarily for graduates. [Knight’s notes end in February]

Political Science 54b. State Administration. Second term, credit three hours. Prerequisite courses 53a, 53b. Professor [Samuel Peter Orth]. M W F, 11, Goldwin Smith 256.

A study of the American state; the county and the township; the powers and functions of administrative organs, boards, and commissions; judicial control. Lectures, readings, and reports. Each student will be required to make a detailed study of some particular state. [Ross Emmett believes this course corresponds to Knight’s notes that he examined]

1914-1915

Source: Announcement of the College of Arts and Sciences, 1914-15. Official Publications of Cornell University. Volume V (May 1, 1914) Number 10.

Philosophy 40. Seminary in Logic and Metaphysics. T, 3-5, Goldwin Smith 231. Professor [James Edwin] CREIGHTON and Dr. [William Kelley] WRIGHT.

[Portrait of William Kelley Wright from the 1926 Darmouth yearbook “Aegis”.]

The subject for 1914-15 will be a study of certain leading metaphysical problems in the light of recent investigations.

Philosophy 37. Seminary in Ethics. Investigation of special problems. Throughout the year, credit two hours a term, Professor [Frank] THILLY. Hours and room to be arranged.

Political Science 66a. The Labor Problem. First term, credit three hours. Prerequisite course 51. Professor [Alvin Saunders] JOHNSON. T Th S, 11. Goldwin Smith 264.

This course will present a systematic view of the progress and present condition of the working class in the United States and in other industrial countries; sketch the history and analyze the aims and methods of labor organizations; study the evolution of institutions designed to improve the condition of the working class; and compare the labor legislation of the United States with that of European countries.

Political Science 66b. Socialism. Second term, credit three hours. Prerequisite course 51, Professor [Alvin Saunders] JOHNSON. T Th S, 11, Goldwin Smith 264.

Due attention will be given in this course to the various forms of socialistic theory. Its main object, however, is to describe the evolution of the socialist movement and the organization of socialistic parties, to measure the present strength of the movement, and to examine in the concrete its methods and aims.

Political Science 76a. Elementary Statistics. First term, credit three hours. Prerequisite course 51. Professor [Walter Francis] WILLCOX. T Th S, 9, Goldwin Smith 256. Laboratory, W, 2-4, Goldwin Smith 259.

An introduction to census statistics with especial reference to the federal census of 1910, and to registration statistics with especial reference to those of New York State and its cities. The course gives an introduction to the methods and results of statistics in these, its best developed branches.

Political Science 76b. Economic Statistics. Second term, credit three hours. Prerequisite course 51. Professor [Walter Francis] WILLCOX. T Th S, 9. Goldwin Smith 256. Laboratory, W, 2-4, Goldwin Smith 259.

A continuation of course 76a, dealing mainly with the agricultural and industrial statistics of the United States. Mature students that have not already had course 76a or its equivalent may be admitted by special permission. The course is an introduction to statistics in its application to more difficult fields, such as production. wages, prices, and index numbers.

Political Science 90. Research in Statistics. Throughout the year, credit to be arranged. Professor [Walter Francis] WILLCOX.

[Knight describes this as “afternoon session for Grad studs.”

Political Science 65a. The Industrial Revolution in England, 1700 to 1850. First term, credit three hours. Prerequisite course 51, previously or concurrently, or work in European history. Assistant Professor [Abbott Payson] USHER. M W F, 12. Goldwin Smith 264.

The topography and resources of England, the Industrial Revolution, commercial expansion in the 18th century. the history of the Bank of England, the rise of London as a world metropolis.

Political Science 65b. Social and Economic Problems of the 19th Century in England. Second term, credit three hours. Prerequisite course 51, previously or concurrently. Professor [Abbott Payson] USHER. M W F, 12. Goldwin Smith 264.

The course can be followed most profitably by students who have taken course 65a, but it may be elected independently. The history of English agriculture, 1700 to 1907; the poor laws, 1834 and 1909; the coming of free trade. 1776 to 1846; railroads and rate-making; Germany and the industrial supremacy of England.

1915-1916

Source: Announcement of the College of Arts and Sciences, 1915-16. Official Publications of Cornell University. Volume VI (May 1, 1915) Number 10.

Political Science 87. Principles of Economics. Throughout the year, credit three hours a term. Professor [Alvin Saunders] JOHNSON [Apparently taught by Thomas Sewall Adams]. M W F, 11, Goldwin Smith 264. Prerequisite course 51 or its equivalent.

[Photo of T. S. Adams from the University of Wisconsin Badger of 1916]

An advanced course in general economics, based upon Marshall’s Principles of Economics as a text. Especial attention will be given in this course to the laws of value and price, of wages, interest, and profit.

Political Science 64. Money and Banking. Throughout the year, credit three hours a term. Prerequisite course 51. Professor [Allyn Abbott] Young. T Th S, 10, Goldwin Smith 142.

A discussion of the more important phases of the theory of money and credit is followed by a consideration of selected practical problems, including the revision of the American banking system. Practical work is required in the analysis of the controlling conditions of the money market, of organized speculation in securities, and of foreign exchange.

Political Science 55a. Elementary Social Science. First term, credit three hours. Course 51 should precede or be taken with this course. Professor [Walter Francis] WILLCOX. T Th S, 9, Goldwin Smith 256.

An introductory course upon social science or sociology, its field and methods, with special reference to the human family as a social unit, to be studied by the comparative, the historical, and the statistical methods.

Political Science 55b. Elementary Social Science. Second term, credit three hours. Course 51 should precede or be taken with this course. Professor [Walter Francis] WILLCOX. T Th S, 9, Goldwin Smith 256.

A continuation of the preceding course but with especial reference to the dependent, defective, and delinquent classes. Open to all who have taken 55a and by special permission to others.

Knight’s note cards for lectures on “Valuation” are dated for either Monday or Tuesday meetings, but no more than one meeting per week. Notes for 21 meetings twelve on Mondays, nine on Tuesdays. So presumably his notes on valuation come from the following scheduled seminar courses.

Political Science 92. Research in Finance. Throughout the year, credit two or three hours a term. Professor [Allyn Abbott] YOUNG [and Thomas Sewall Adams]. T, 2.30. Goldwin Smith 269.

Individual or coöperative investigations of selected problems in money, banking, and corporation finance, in connection with lectures upon the sources of information and upon the use of appropriate methods of investigation.

Political Science 99. General Seminary. Throughout the year, credit two hours a term. Conducted by members of the department. M., 2.30-4.30, Political Science Seminary. Open only to graduate students

1916-1917

Source: Announcement of the College of Arts and Sciences, 1916-17. Official Publications of Cornell University. Volume VII (April 15, 1916) Number 10.

[1916-17 announcement] Political Science 51. Elementary Economics. Throughout the year, credit three hours a term. One lecture and two recitations each week Lectures, M, 9; repeated M, 11. Barnes Auditorium. Assistant ~~Professor TURNER~~. Recitations, T Th, 8, 9, 10, 11, 12; W F, 8, 9, 10, 11, 12. Assistant Professor [Abbott Payson] USHER, ~~Mr. CAMPBELL, Dr. WOODBURY,~~ Mr. [Charles Roland] HUGINS and Mr. [Clarence Cameron] KOCHENDERFER. Section assignments made at the first lecture.

From the Proceedings of the Cornell Board of Trustees Meeting of May 20, 1916 “J.R. Turner, Assistant Professor of Economics resigned effective June 30”. Also note resignations of Mr. Campbell and Dr. Woodbury. So they are struck out above. Comparing this to the announcement for the staffing of the course in 1917-1918. We see that Davenport was named as lecturers with assistant professor Reed, instructor Knight, and assistant Working appearing as well. Knight’s notes for the 1916-1917 lectures explicitly mention Davenport.

[1917-18 announcement] Political Science 51. Elementary Economics. Throughout the year, credit three hours a term. One lecture and two recitations each week. M, 9; M, 11. Barnes Auditorium. Professor [Herbert Joseph] DAVENPORT. Recitations, T Th, 8, 9, 10,11, 12; W F, 8, 9, 10, 11, 12. Assistant Professors [Abbott Payson] USHER and [Harold Lyle] REED, Dr. [Frank Hyneman] KNIGHT, Mr. [Charles Roland] HUGINS, Mr. [Clarence Cameron] KOCHENDERFER, and Mr. [Holbrook] WORKING. Section assignments made at the first lecture.

An introduction to economics including a survey of the principles of value, money, banking, and prices; international trade; free trade and protection, wages and labor conditions; the control of railroads and trusts; socialism, principles and problems of taxation.

Political Science 57b. Lectures on Citizenship. Second term, credit two hours. M W, 12, Goldwin Smith B.

A lecture each Monday by a non-resident lecturer and each Wednesday by a member of the Department. The course has been arranged by a committee of Alumni who are actively engaged in civic and social work and who are coöperating in this way with the Department. It will follow the same general plan as last year, but the speakers and most of the subjects treated will be changed.
The course will be under the general charge of Professor Orth. Reading, reports, and essays will be required.

Political Science 88. Value and Distribution. Throughout the year, credit two hours a term. ~~Professor [Alvin Saunders] JOHNSON~~. F, 2.30, Political Science Seminary.
[Johnson had resigned from the faculty, notes indicate that Davenport led the seminary that Knight has notes from October 21, 1916 through February 3, 1917.]

A study of the chief problems of current economic theory. The works of the chief contemporary authorities will be critically studied with a view to disclosing the basis of existing divergencies in point of view. It is desirable that students registering for this course should have a reading knowledge of German and French.

Political Science 89. Mathematical Economics. Throughout the year, credit two hours a term. Professor [Allyn Abbott] YOUNG. Hours to be arranged.

The use of mathematics in economic analysis, with special reference to the work of Cournot, Jevons, Edgeworth, Walras, Pareto, Auspitz and Lieben, and Fisher. Primarily for graduates.

Political Science 63a. Corporation Finance. First term, credit three hours. Prerequisite course 51. Professor [Allyn Abbott] YOUNG. T Th S, 11, Goldwin Smith 256.

A study of the business corporation, with special reference to its economic significance and effects and to the problems of its legal control, including an analysis of the financial operations of railroads, public utilities, and industrial corporations.

History 54. Economic History of the Colonies, 1600 to 1800. First term, credit three hours. Professor [Charles Henry] HULL. T Th S, 9, Goldwin Smith 234.

Colonization and settlement as business enterprises: the agricultural conquest of the coast: the competition between slave, indentured, and free labor; the commerce of the British Empire and its relation to the American Revolution. Textbooks, reading. reports, and lectures.

History 55. Economic History of the United States, since 1800. Second term, credit three hours. Professor [Charles Henry] HULL. T Th S, 9, Goldwin Smith 234.

Commerce during the European wars; the introduction of manufactures; the westward movement; industrial differentiation of the sections; agriculture for export; the amalgamation of railways and the combination of industries. Textbooks, reading, reports, and lectures.

Philosophy ??. Seminary of Professor [James Edwin] Creighton.

[Note cards for eight sessions in April and May 1917]

Image Source: Portrait of Frank Knight (1930 Fellow) at the John Simon Guggenheim Foundation website. Most of the professors’ portraits were found in the Cornell Classbook (various years). Many of the portraits have been digitally enhanced by Economics in the Rear-view Mirror.

Tags AdamsTS, Davenport, HullCH, JohnsonAS, Knight, ReedHL, Usher, Willcox, WorkingH, Young

Amherst Chicago Economists

Chicago. Economics Ph.D. alumnus, George Rogers Taylor. 1929

Post author By Irwin Collier
Post date 2024-08-02

The economics Ph.D. alumnus featured in today’s post was awarded his doctorate in 1929 by the University of Chicago. George Rogers Taylor had a long and distinguished career at Amherst College as a leading U.S. economic historian. He was the author of the history of economics at Amherst College from 1832 to 1932 transcribed for the previous post.

Taylor was an early pioneer in the interdisciplinary field of American Studies.

__________________________

George Rogers Taylor
Life and Career

1895. Born June 15 in Beaver Dam, Wisconsin.

1914. Graduates from Wayland Academy at Beaver Dam.

Fun Fact: The school was named after Francis Wayland (1796-1865), Baptist minister, economist, and president of Brown University.

1916. Graduates from Oshkosh Normal School. “He earned his way through college by waiting on tables, mowing lawns and tending furnaces. He credits the late Prof. F. R. Clow for his life-long interest in economics, Prof. M. H. Small for getting him a job as a steward in a boarding club where he received his meals and Prof. J. O. Frank, whose furnace he tended.” Source: The Oshkosh Northwestern, May 10, 1971, p. 3.

1916-17. Principal of an Blair School with ca. five teachers at Waukesha, Wisconsin. He taught seventh grade and half of the sixth grade.

The original school was established in 1847, rebuilt at new locations in 1889 and 1966 and finally closed in June 2019. Source: Milwaukee Journal Sentinel (June 4, 2019).

1917-19. Petty Officer in the U.S. Navy, aviation operations. Assigned to wireless telephony.

1919. Summer. Worked at the post office at Beaver Dam.

1919-20. Taught eighth grade for one year at Wayland Academy.

1921. Ph.B., University of Chicago. Attended two summer school sessions plus an academic year to complete degree requirements in one year. College credit was given for some of his Navy service.

Taylor had received a four year scholarship which covered his tuition for his Chicago training. There was a long-time close connection between the Wayland Academy and Chicago. The main prize at Wayland Academy’s commencement was a four year scholarship to Chicago.

1921-22. Taught at University of Iowa. Taylor was asked by Frank Knight to go there as an instructor for a year.

Taught public speaking for part of spring term at a Hammond, Indiana high school at some point during graduate school.

1923. Taught economics at Earlham College for a semester.

1924. August 23 marries Mary Leanah Henderson in Mooresville, Indiana. He met her when she was a senior at Earlham College.

1923-24. Instructor, University of Chicago.

1924. Joins the faculty of Amherst College at the rank of instructor, coming along with Professor Paul Douglas.

1927. Promotion to assistant professor, Amherst College.

1929. Ph.D. University of Chicago.

1929. Promotion to associate professor, Amherst College.

1929-30. First semester visiting professorship at Mount Holyoke.

1930. Visiting professor at Smith College.

1930-31. Research for the International Committee on Price History.

1930. “Prices in the Mississippi Valley Preceding the War of 1812,” Journal of Economic and Business History, Vol. III, pp. 148-163.

1931. “Agrarian discontent in the Mississippi valley preceding the war of 1812,” (subject of the doctoral dissertation) Journal of Political Economy, Vol. 39, No. 4 (August 1931), pp. 471-505.

1932. “Wholesale Commodity Prices at Charleston, S.C.,” Journal of Economic and Business History, (two parts). Vol. IV (February and August).

1932. Arrived August 3 at the port of New York aboard the S.S. Europa that sailed from Southampton.

1934-35. Second semester. Visiting professor of economics at Mount Holyoke.

1937. (with Louis Morton Hacker and Rudolf Modley). The United States: A Graphic History. New York: Modern Age Books, Inc.

1938. Senior agricultural economist, U.S. Department of Agriculture.

1939. (with Edward Albertus and Lawrence Z. Waugh). Internal Barriers to Trade in Farm Products. Department of Commerce. Washington, D.C.: U.S. Government Printing Office.

1939. M.A. (hon.) Amherst College.

1939. Promotion to professor of economics, Amherst College.

1940. Spring semester. Visiting professor, Mount Holyoke College.

1940. “State Laws which Limit Competition in Agricultural Products,” Journal of Farm Economics Vol. 22, No. 1 (February).

1941-46. Office of Price Administration and War Production Board.

1943. Adviser on price and control and rationing to the Republic of Paraguay.

1948-68. General editor of the Amherst College’s American studies program book series “Problems in American Civilization” (D.C. Heath Co.). This was a part of Amherst’s “New Curriculum” introduced in 1947. Amherst was a pioneer of the field of American Studies.

1949. Jackson versus Biddle; the struggle over the second Bank of the United States. Boston: D. C. Heath and Company.

1950. Hamilton and the National Debt. Boston: D. C. Heath and Company.

1951. The Transportation Revolution, 1815-1860. Vol. IV of The Economic History of the United States.Rinehart and Co.

1952. Visiting Professor, Columbia University.

1953. The Great Tariff Debate, 1820 to 1830. Boston: D. C. Heath and Company.

1955-60. Editor of Journal of Economic History.

1956. The Turner Thesis concerning the Role of the frontier in American History. Rev. ed. Boston: D. C. Heath and Company.

1956. (with co-author Irene Neu). The American railroad network, 1861-1890. Cambridge, Massachusetts: Harvard University Press.

1956-58. President of the American Studies Association.

1959-62. Chairman of the Council on Research in Economic History.

1959. (with Ethel Hoover) Statement at Hearings before the Joint Economic Committee: Employment, Growth and Price Levels, 86th Congress, 1st Session, April 9, 1959.

1960. “Railroad Investment before the Civil War: Comment,” Trends in the American Economy in the Nineteenth Century, National Bureau of Economic Research, Studies in Income and Wealth, Vol. XXIV.

1961. Summer. Visiting professor at the University of Hawaii.

1962-64. President of the Economic History Association.

1963. The War of 1812: Past Justifications and Present Interpretations. Boston: D. C. Heath and Company.

1963. Visiting Professor, Tokyo University.

1964. Presidential address before the Economic History Association annual meeting “American Economic Growth before 1840: An Exploratory Essay,” Journal of Economic History, Vol. XXIV (December, 1964), 427-444.

1965. Retires from Amherst College.

1964. March 12. Public lecture at the University of Delaware published in “The National Economy Before and After the Civil War,” in David T. Gilchrist and David Lewis eds., Economic Change in the Civil War Era (Greenville, Delaware, 1965).

1966. “The Beginnings of Mass Transportation in Urban America, Part I,” The Smithsonian Journal of History. Part I (Summer); Part II (Autumn).

1965-70. Senior resident scholar at the Eleutherian Mills Historical Library (Wilmington, Delaware). Taught graduate seminars in economic history at the University of Delaware.

1967. “American Urban Growth Preceding the Railway Age,”Journal of Economic History, Vol. XXVII (September).

1969. Introduction to the reprint of Introduction and Early Development of the American Cotton Textile Industry to 1860 (1863) by Samuel Batchelder. New York: Harper & Row.

1969. American Economic History before 1860 (Goldentree Bibliographies in American History, ed. Arthur S. Link) compiled by George Rogers Taylor. New York: Appleton Century Croft.

1983. Died April 11 in Northampton, Massachusetts.

Sources:

Obituary, Daily Hampshire Gazette (Northampton, Massachusetts), April 12, 1983, p. 4.

Scheiber, Harry N., and Stephen Salsbury. “Reflections on George Rogers Taylor’s ‘The Transportation Revolution, 1815-1860’: A Twenty-Five Year Retrospect.” The Business History Review, vol. 51, no. 1, 1977, pp. 79–89.

May 19, 1978 interview of George Rogers Taylor from the Amherst College Archives & Special Collections, Oral History Project.

Hugh G. J. Aitken’s memorial note in The Journal of Economic History, Vol. 44, No. 2, pp. 626-629.

Image Source: Amherst College, The Olio 1930, p. 45.

Tags Clow, Douglas, Knight, TaylorGR

Chicago Courses Curriculum Fields Graduate Student Support

Chicago. Program of advanced instruction and research training in economics. 1956-57.

Post author By Irwin Collier
Post date 2024-05-22

To gauge the scale and scope of economics departments it is useful to have copies of the annual announcements/brochures. In this post we add a transcription of the announcement for advanced instruction and research in economics at the University of Chicago for 1956-57.

Some previous posts:

___________________________

THE UNIVERSITY OF CHICAGO
DEPARTMENT OF ECONOMICS
announces
Advanced Instruction
and Research Training
in
ECONOMICS:

Price Theory
Money and Banking
Economic History
Statistics
Econometrics and Mathematical Economics
Agricultural Economics
Government Finance
International Economic Relations and Economic Development
Economics of Consumption
Labor Economics and Industrial Relations

SESSIONS OF 1956-1957

___________________________

DEPARTMENT OF ECONOMICS
Officers of Instruction

Theodore William Schultz, Ph.D., Chairman of the Department of Economics and Charles L. Hutchinson Distinguished Service Professor of Economics.

Frank Hyneman Knight, Ph.D., Morton D. Hull Distinguished Service Professor Emeritus of the Social Sciences.

John Ulric Nef, Ph.D., Professor of Economic History.

Earl J. Hamilton, Ph.D., Professor of Economics.

Milton Friedman, Ph.D., Professor of Economics.

Lloyd A. Metzler, Ph.D., Professor of Economics.

Margaret G. Reid, Ph.D., Professor of Economics.

W. Allen Wallis, A.B., Professor of Economics and Statistics.

D. Gale Johnson, Ph.D., Professor of Economics.

Bert F. Hoselitz, A.M., Dr. Jur., Professor of the Social Sciences.

Hans Theil, Ph.D., Visiting Professor of Economics.

Harold Gregg Lewis, Ph.D., Associate Professor of Economics.

Arnold C. Harberger, Ph.D., Associate Professor of Economics.

Albert E. Rees, Ph.D., Associate Professor of Economics.

Carl Christ, Ph.D., Associate Professor of Economics.

Simon Rottenberg, Ph.D., Associate Professor of Economics.

George S. Tolley, Ph.D., Assistant Professor of Economics.

Robert Lloyd Gustafson, A.M., Assistant Professor of Economics.

Phillip David Cagan, Ph.D., Assistant Professor of Economics.

Martin Jean Bailey, Ph.D., Assistant Professor of Economics.

Chester Whitney Wright, Ph.D., Professor Emeritus of Economics.

Hazel Kyrk, Ph.D., Professor Emeritus of Economics and Home Economics.

Lloyd W. Mints, A.M., Professor Emeritus of Economics.

Mary Barnett Gilson, A.M., Assistant Professor Emeritus of Economics in the College.

Fellows, 1955-56

Richard King, Ph.D., Postdoctoral Fellow in Political Economy.

Yossef Attiyeh, A.M., Falk Foundation Fellow,

Milton Frank Bauer, A.M., Canadian Social Science Research Council Fellow.

John Allan Edwards, A.M., Sears, Roebuck Fellow in Agricultural Economics.

Lawrence Fisher, A.B., Earhart Foundation Fellow.

B. Delworth Gardner, S.M., Sears, Roebuck Fellow in Agricultural Economics.

Hirsh Zvi Griliches, S.M., Social Science Research Council Fellow.

Marc Leon Nerlove, A.M., Earhart Foundation Fellow.

Hugh Oliver Nourse, A.B., Woodrow Wilson Fellow.

Walter Yasuo Oi, A.M., Owen D. Young Fellow.

Boris Peter Pesek, A.M., Ford Foundation Fellow.

Duvvuri Venkata Ramana, A.M., Ford Foundation Fellow.

Jean Reynier, Diplôme D’études Supérieures De Doctorat, University of Paris Exchange Fellow.

Robert Oliver Rogers, A.M., Sears, Roebuck Fellow in Agricultural Economics.

John William Louis Winder, A.M., Edward Hillman Fellow.

___________________________

Introductory

The Department of Economics views the central problem of economic science as that of understanding the social organization of human and other scarce productive resources: principally the allocation of these resources among alternative uses by a system of exchange. The purpose of the Department is both to train economic scientists and to advance economic science.

The Department offers programs of instruction and research training not only for students seeking an advanced degree in economics at the University of Chicago but also for students working on an advanced degree at another institution who wish to complement the training available to them there and for students not seeking an advanced degree but who wish to pursue advanced study in economics at either the predoctoral or the postdoctoral level. Instruction is provided in all of the major fields of economics affording opportunity for well-rounded training in economics. Additional facilities in other parts of the University, including those in the other social sciences, mathematics, statistics, business administration, law, and philosophy, permit students wide choice among supplementary areas of study.

Courses of instruction at three levels of advancement are offered by the Department:

1. Intermediate courses (numbered in the 200’s) for those completing their work for the Bachelor’s degree and for others preparing for advanced training in economics.

2. Courses in economic theory, statistical inference, economic history, and economic analysis related to problem fields (numbered in the 300’s) that provide the strong theoretical foundation and related applied knowledge required of all candidates for advanced degrees in economics as preparation for economic research. Students are urged before entering these courses to acquire a command of the rudiments of the differential calculus.

3. Courses (including seminars, workshops, and other research working groups, and individual instruction) that provide arrangements for research and research supervision (numbered in the 400’s). These courses apply and seek to teach students to apply the foundations of economic analysis to research on particular economic problems.

THE ECONOMICS RESEARCH CENTER

The Department devotes a large proportion of its resources to research in economics and to the training of student research apprentices. The purpose of the Economics Research Center is to co-ordinate the research and research training activities of the Department. The Center supplies essential clerical, computing, and reference library services, assists in the organization of research seminars and working groups, and publishes the major research output of the Department in its series: “Studies in Economics.”

Some of the research training in the Center is organized on a continuing basis by one or more faculty members working with associates and students in research groups. (The staffs and research projects of these groups for the academic year 1955-56 are listed below.) Research training and facilities for research are available, however, to all qualified students, both those associated with a research group and those engaged in individual research.

Projects and Staffs of Research Groups, 1955-56

Workshop in Money and Banking

Faculty: Professors Cagan and Friedman.

Research Assistants and Fellows: Yossef Attiyeh, Hugh Roy Elliott, Duvvuri V. Ramana, and Robert E. Snyder.

Project: The role of monetary and banking factors in economic fluctuations.

Office of Agricultural Economies Research

Faculty: Professors Gustafson, Johnson, Schultz, and Tolley.

Research Associates: John A. Dawson, Cecil B. Haver, William E. Hendrix, Lester G. Telser, and Joseph Willett.

Research Assistants and Fellows: Marto Ballesteros, Michael Joseph Brennan, Donald S. Green, Hirsh Zvi Griliches, Vaughan Stevens Hastings, Roy J. Kelly, Edward Franklin Renshaw, James A. Rock, and Clifton R. Wharton, Jr.

Projects: (1) Agricultural inventories. (2) Conservation and development of natural resources. (3) Technical assistance in Latin American countries. (4) Developments affecting Negro farm families. (5) Soviet agriculture. (6) Technological growth in agriculture (hybrid corn). (7) Growth in output per unit of input in the United States and in agriculture.

Research Group in Labor Economics and Industrial Relations

Faculty: Professors Lewis, Rees, Rottenberg, and Seidman.

Projects: (1) The American worker as a union member. (2) Labor in the Mexican economy. (3) Real wages in the United States, 1890-1914. (4) Population, the labor force, and labor supply.

Research Group in Public Finance

Faculty: Professors Bailey and Harberger.

Research Assistants and Fellows: Meyer L. Burstein, Lawrence Fisher, Yehuda Grünfeld, Marc Leon Nerlove, William A. Niskanen, Jr., and Walter Y. Oi.

Projects:
(1) Resource allocation effects of federal taxes and of agricultural price supports.
(2) Sources and methods of controlling cyclical instability in the American economy.
(3) The capital market effects of federal taxation, expenditure, and regulatory policies.

Research Group in Economics of Consumption

Faculty: Professor Reid.

Research Assistant: Juliette Rey.

Project: Trends in, and factors determining, consumption levels.

Research Group in Economic Development

Faculty: Professors Hamilton, Harberger, Hoselitz, Rottenberg, and Schultz.

Projects: (1) Problems in the economic development of Chile. (2) Historical research in money, banking, prices, and interest rates, their interrelationship, and their role in the economic development of leading countries. (Note also projects (3), (6), and (7) of the Office of Agricultural Economics Research and project (2) of the Research Group in Labor Economics and Industrial Relations.) The Research Group in Economic Development works closely with the Research Center in Economic Development and Cultural Change of which Mr. Hoselitz is the director. The Center engages in research and publishes the journal Economic Development and Cultural Change.

Three members of the faculty of the Department are associated with research groups organized in other parts of the University: Mr. Hoselitz with the Research Center in Economic Development and Cultural Change; Mr. Nef, with the Committee on Social Thought; and Mr. Wallis, with the Committee on Statistics. In addition, other members of the economics faculty are engaged in individual research projects not associated with a research group: Mr. Metzler on the theory of international adjustment under conditions of full employment and high demand: and Mr. Christ on econometric research on economic growth and technological change.

FELLOWSHIPS, SCHOLARSHIPS,
AND RESEARCH ASSISTANTSHIPS

Students who wish to pursue a program of advanced instruction and research in economics at the University may compete not only for the regular University Fellowships and Scholarships described in these Announcements (see pp. 22-27) but also for the fellowships listed below:
[Note: The announcement transcribed here is a reprint of the Department of Economics section of the Announcements of Graduate Programs in the Divisions. Cross-references are to that publication]

Postdoctoral Fellowships:

Postdoctoral Fellowship in Political Economy awarded upon recommendation of the Department of Economics.

Postdoctoral Fellowships in Money and Banking awarded by the Workshop in Money and Banking in co-operation with the Department of Economics.

Predoctoral Fellowships:

Awarded upon recommendation of the Department of Economics:

Frank H. Knight Fellowships, Marshall Field Fellowship, Edward Hillman Fellowship Awarded upon recommendation of the Office of Agricultural Economics Research for students specializing in agricultural economics:
Sears, Roebuck Foundation Fellowships in Agricultural Economics

Stipends for the predoctoral fellowships, including the regular University fellowships, range generally from $1,000 to $3,000 per annum. Stipends for the postdoctoral fellowships range up to $4,000 per annum. Application blanks may be obtained from the Department of Economics or from the University Committee on Fellowships and Scholarships.

Research Assistantships

Research assistantships and associateships are available to qualified students who have research interests in particular problem areas. Application blanks for these positions may be obtained from the Economics Research Center.

ADVANCED DEGREES

The Department of Economics offers programs leading to both the A.M. and the Ph.D. degrees in Economics. The following paragraphs summarize briefly the major Departmental requirements for advanced degrees for students holding a four-year Bachelor’s degree or its equivalent. (The following paragraphs are not intended as an exhaustive statement of the requirements for advanced degrees; for the details of the requirements students should consult with the Departmental counselors.)

THE DEGREE OF MASTER OF ARTS

The Departmental requirements for the Master’s degree in Economics for students holding the traditional four-year Bachelor’s degree include: (1) satisfactory performance on two of the written field examinations in economics required for the Ph.D. degree; (2) a satisfactory command of the principles of economic theory; and (3) acceptance of a paper or report on a problem approved by the Department,

THE DEGREE OF DOCTOR OF PHILOSOPHY

The Departmental requirements for admission to candidacy for the degree of Doctor of Philosophy in Economics include: (1) satisfactory performance on written field examinations in price theory and monetary theory and banking and in one other field that, with the approval of the Department, may be a field outside of economics; (2) a well-rounded command of the subject-matter of the major fields of economics; (3) effective reading knowledge of French or German or some other foreign language approved by the Department; and (4) acceptance of the candidate’s thesis prospectus.

The Departmental requirements for the degree include in addition to the preceding requirements for admission to candidacy: (1) effective reading knowledge of a second foreign language or completion of an approved substitute program of study; (2) departmental approval of the completed thesis; and (3) satisfactory performance on a final oral examination on the field of the thesis.

SUMMER PROGRAM
FOR COLLEGE TEACHERS OF ECONOMICS

The Department of Economics will give particular attention in its Summer Quarter 1956 program to the interests of college teachers of economics, both those working for the Ph.D degree at another institution and others who wish to renew or to complement their training and experience in economics. A limited number of tuition and half-tuition scholarships will be available for teachers who do not hold the Ph.D. degree. (Application blanks for these scholarships may be obtained from the Department of Economics.) For those who hold the Ph.D. degree in Economics or related fields the Department invites application for guest privileges.

Courses of Instruction

INTERMEDIATE COURSES

208. A, B, C. The Elements of Economic Analysis. Aut (208A): Rees; Win (208B) Rees; Spr (208C): Cagan.

209. Intermediate Price Theory. Prereg: Math 150A or equiv. Aut: Lewis.

210. Index Numbers, National Accounting, and Economic Measurement. Prereq: Soc Sei 200A and Econ 209, or equiv. Aut: Christ.

213. Introduction to Mathematics for Economists. Prereq: Econ 209 and Math 150A, or equiv. Sum: Staff; Win: Theil.

220. Economic History of the United States. Spr: Hamilton.

240. Introduction to Industrial Relations. Win: Staff.

255. Introduction to Agricultural Economics. Prereq: Econ 208A and 208B, or equiv, Spr: Johnson.

260. Introduction to Government Finance. Prereq: Econ 208A and 208B, or equiv. Win: Bailey.

271. Economic Aspects of International Politics. Aut: Hoselitz.

299. Undergraduate Thesis Research. Prereq: consent of Departmental Secretary. Sum, Aut, Win, Spr: Staff.

ADVANCED COURSES

I. Price Theory

300. A, B. Price Theory. Prereg: For 300A, Econ 209 or equiv, and Math 150A or equiv, or consent of instructor; for 300B, 300A. Aut (300A): Friedman; Win (300A): Wallis; Spr (300B): Friedman.

301. Price and Distribution Theory (= Social Thought 382). Prereq: Econ 209. Sum: Knight.

302. History of Economic Thought (= Social Thought 381). Prereq: Econ 301 or equiv. Spr: Knight.

303. Recent Developments in Economics. Prereg: graduate work in economic theory. Sum: Harberger.

305. Economics and Social Institutions (= Philosophy 305). Prereg: Econ 301 and some European economic history. Sum: Knight.

308. Welfare Economics. Prereq: Econ 300A or equiv. Sum: Johnson.

309. Mathematical Economics. Prereq: Econ 213 and Econ 300A, or equiv. Win: Theil.

310. Special Topics in Mathematical Economics. Prereq: Econ 309, Math 150C, and the rudiments of matrix algebra; or consent of instructor. Spr: Theil.

II. Monetary Theory and Banking

303. Recent Developments in Economics. Prereg: graduate work in economic theory. Sum: Harberger.

330. Money. Prereg: Econ 208C or equiv. Aut: Staff.

331. Banking Theory and Monetary Policy. Prereg: Econ 330; Econ 335 desirable. Win: Cagan.

334. The Development of Monetary and Financial Institutions. Prereq: Econ 222 or 208C. Spr: Hamilton.

335. The Theory of Income, Employment, and the Price Level. Prereg: Econ 208A, B, C or equiv. Spr: Christ.

362. Monetary and Fiscal Policy. Prereg: Econ 208C; Econ 330 and 335 desirable. Spr: Harberger.

370. Monetary Aspects of International Trade. Prereg: Econ 330, 335, or equiv. Aut: Metzler.

439. Workshop in Money and Banking. An experiment in combining training in research and learning of subject-matter organized around a continuing investigation into monetary factors in business cycles. Students participate in this central investigation both directly and by undertaking individual projects in the general area. Each project is directed toward the preparation of a report of publishable quality. Guidance is provided on general reading in the field, and informal seminars are held from time to time to discuss general issues or specific projects. Students. are required to give full time to the workshop; they receive three credits per quarter of registration. Prereg: consent of instructor. Aut, Win, Spr: Friedman, Cagan.

III. Statistics

311. Principles of Statistical Analysis (= Business 321 and Statistics 301). Aut: Staff.

312. Techniques of Statistical Analysis (= Business 322 and Statistics 302). Prereg: Econ 311 or equiv. Win: Staff.

313. Applications of Statistical Analysis (= Sociology 308, Business 323, and Statistics 303). Prereq: Econ 312 or Stat 362 or equiv. Spr: Wallis.

314. Econometrics. Prereq: Econ 311 and either Econ 300A or Econ 335; Econ 210 desirable. Sum: Gustafson; Win: Christ.

315. Special Topics in Econometrics. Prereq: Econ 312, Econ 314, differential calculus, and rudiments of matrix algebra; or consent of instructor. Spr: Christ.

For other courses in statistics see page 203.

IV. Mathematical Economics and Econometrics

303. Recent Developments in Economics. Prereq: graduate work in economic theory. Sum: Harberger.

309. Mathematical Economics. Prereq: Econ 213 and Econ 300A, or equiv, Win: Theil.

310. Special Topics in Mathematical Economics. Prereq: Econ 309, Math 150C and the rudiments of matrix algebra; or consent of instructor. Spr: Theil.

314. Econometrics. Prereq: Econ 311 and either Econ 300A or Econ 335; Econ 210 desirable. Sum: Gustafson; Win: Christ.

315. Special Topics in Econometrics. Prereq: Econ 312, Econ 314, differential calculus, and rudiments of matrix algebra; or consent of instructor. Spr: Christ.

V. Economic History

320. American Economic Policies. Prereg: Econ 220 or equiv. Sum: Hamilton.

329A. The Geographical and Historical Background of the Genesis of Industrial Civilization (= Social Thought 324A and History 332G). Aut: Nef.

329B. The Role of the Discoveries and the Reformation in the Genesis of Industrial Civilization (= Social Thought 325A and History 332H). Spr: Nef.

334. The Development of Monetary and Financial Institutions. Prereg: Econ 222 or 208C. Spr: Hamilton.

VI. Labor Economics and Industrial Relations

340. The Labor Movement. Aut.

341. Labor Problems. Prereq: Econ 208A, 208B, and Econ 240; or equiv. Win: Rees.

344. Labor Economics. Prereq: Econ 300B. Spr: Lewis.

VII. Agricultural Economics

355A. Economic Organization for Growth (with particular reference to agriculture). Prereq: Econ 300A or equiv. Aut: Schultz.

355B. Economic Organization for Stability (with particular reference to agriculture). Prereq: Econ 300A or equiv. Spr: Schultz.

356. Income, Welfare, and Policy (with particular reference to agriculture). Prereg: Econ300A or equiv; Econ 300B and 355A recommended. Win: Johnson.

455. Seminar in Agricultural Economics. Prereq: consent of instructor. Aut, Win, Spr: Schultz, Johnson, Tolley, Gustafson.

VIII. Government Finance

360. Theory of Public Finance. Prereg: Econ 260 and Econ 300A, or consent of instructor, Aut: Bailey.

361. Public Finance in the American Economy. Prereq: Econ 300A; Econ 300B desirable. Win: Harberger.

362. Monetary and Fiscal Policy. Prereg: Econ 208C; Econ 330 and 335 desirable. Spr: Harberger.

IX. International Economic Relations

370. Monetary Aspects of International Trade. Prereq: Econ 330 and 335, or equiv. Aut: Metzler.

371. Economic Aspects of International Relations. Prereq: Econ 330 or equivalent. Win: Metzler.

372. Problems in Economic Development. Prereq: Econ 335 or equivalent, Econ 320 and 371 desirable. Spr: Hoselitz.

X. Economics of Consumption

381. Consumers and the Market (= Home Economics 341), Prereq: course in economic theory. Win: Reid.

383A. Consumption Levels (= Home Economics 343A). Prereq: course in statistics. Aut: Reid.

388. The Family in the American Economy (= Home Economics 348). Prereq: course in economic theory. Sum, Spr: Reid.

XI. Seminars and Workshops

439. Workshop in Money and Banking. Aut, Win, Spr: Friedman, Cagan.

455. Seminar in Agricultural Economics. Aut, Win, Spr: Schultz, Johnson, Tolley, Gustafson.

490. Research in Economics. Prereg: consent of Departmental Secretary, Sum: Staff.

498. Thesis Seminar. Registration may be made for one or more courses. Prereg: consent of Departmental Secretary. Sum, Aut, Win, Spr: Staff.

499. Individual Research. Registration may be made for one or more courses. Prereg: consent of Departmental Secretary. Sum, Aut, Win, Spr: Staff.

Source: University of Chicago Archives. George Stigler papers. Addenda. Box 31, Folder “7/87 Chic. School. GJS Folder. Lit., incl. “Pantaleoni?”, 1930 anti-tariff signers”.

Tags Arberger, BaileyMJ, Cagan, Christ, Friedman, Gilson, Griliches, GustafsonRL, HamiltonEJ, Hoselitz, JohnsonDG, Knight, Kyrk, LewisHG, Metzler, Mints, Nef, NerloveM, Oi, Pesek, Rees, Reid, RottenbergS, SchultzTW, Theil, Tolley, Wallis, WrightCW

Chicago Economists Money and Banking

Chicago. Ph.D. Thesis Committees in Monetary Economics. Patinkin’s Research, 1968

Post author By Irwin Collier
Post date 2022-12-12
2 Comments on Chicago. Ph.D. Thesis Committees in Monetary Economics. Patinkin’s Research, 1968

The first boxes of archival material that I examined as my research project on the evolution of graduate economics training was beginning to take shape came from Don Patinkin’s papers back when Duke’s Economists’ Papers Archive still bore the modest descriptor of “Economists’ Papers Project”.

This post transcribes some of the research material collected by Patinkin in his survey of Chicago style monetary economics. Fun Fact: his research assistant while on leave at M.I.T. was the graduate student Stanley Fischer, from whom incidentally I was to take my first graduate macroeconomics course (Patinkin’s book was on the reading list, surprise, surprise).

Doctoral theses advisers were identified for a dozen and a half Chicago theses that drew Don Patinkin’s attention. This is the sort of information that doesn’t normally jump at you in digitised form through a duly diligent internet search, so I thought it worth my time to file this information for now in a blog post. Minor additions have been added in square brackets for the sake of completeness.

______________________________

List of Patinkin’s copy request for Chicago Ph.D. theses

Author	Article	Details of parts photographed	Box No.
1. Bach, George [Leland]	Price Level Stabilization: [Some Theoretical and Practical Considerations]	[blank]	[blank]
2. Bloomfield, Arthur [Irving]	International Capital Movement and the American Balance of Payments 1929-1940	Title, Contents, Bibliography. pp. 513-514, 578-579.	T-304
3. Bronfenbrenner, Martin	Monetary Theory and General Equilibrium	Title, Preface, Bibliography. Chaps. 1, 4, 7, 8, 9, 10, 11.	T-10250
4. Brooks, Benjamin [Franklin]	A History of Monetary Theory in the United States Before 1860	Contents, Preface, Bibliography. Chap. 11.	T-9885
5. Caplan, Benjamin	The Wicksellian School—A Critical Study of the Development of Swedish Monetary Theory, 1898-1932	Title, Contents, Preface, Bibliography.	T-7847
6. Cox, Garfield V.	Business Forecasting in the United States 1919-1928	Title, Contents, Preface, Bibliography.	T-17-91
7. Daugherty Marion [Roberts]	The Currency-Banking Controversy	Title, Contents, Bibliography pp. 41, 54, 130, 133, 246, 316.	T-10282
8. Harper, [William Canaday] Joel	Scrip and Other Forms of Local Money	Title, Contents, Bibliography.	T-145
9. Leigh, Arthur Hertel	Studies in the Theory of Capital and Interest Before 1870	Title, Contents, Bibliography.	T-554
10. Linville, Francis [Aron]	Central Bank Co-operation	Title, Contents, Bibliography.	T-11508
11. McEvoy, Raymond H.	The Effects of Federal Reserve Operations 1929-1936	Title, Contents, Preface Bibliography.	T-7731
12. McIvor R. Craig	Monetary Expansion in Canadian War Finance, 1939-1946	Title, Contents, Bibliography.	T-10268
13. McKean, Roland Neely	Fluctuations in Our Private Claim-Debt Structure and Monetary Policy	Title, Contents, Bibliography. Chaps. 1, 2, 3, 4, 5, 6, 7, 8	T-90
14. Reeve, Joseph [Edwin]	Monetary Proposals for Curing the Depression in the United States 1929-1935	[blank]	T-11022
15. Shaw, Ernest Ray	The Investment and Secondary Reserve Policy of Commercial Banks	Title, Contents, Preface, Bibliography.	T-8322
16. Snider, Delbert [Arthur]	Monetary, Exchange, and Trade Problems in Postwar Greece	Title, Contents, Bibliography.	T-1031
17. Tongue, William [Walter]	Money, Capital, and the Business Cycle	Title, Contents, Preface, Bibliography.	T-670

Source: Duke University. David M. Rubenstein Rare Book & Manuscript Library, Economists’ Papers Archive. Don Patinkin Papers, University of Chicago School of Economics Raw Materials, Box 2, Folder “Chicago, general (?). from binder: “U. Chicago Ph.D. Theses”, folder 1 of 2”.

______________________________

The University of Chicago
Chicago, Illinois 60637

Department of Economics

August 21, 1968

Professor Don E. Patinkin
Economics Department
Massachusetts Institute of Technology
Cambridge, Massachusetts

Dear Professor Patinkin:

I am listing below the information (Committee members) you requested in your letter of July 8, 1968. I am also hoping that you have received your microfilm by now. The Photoduplication department was to have mailed them to you on August 13.

Bach, George [Leland]	1940	S. E. Leland C. W. Wright H. C. Simon
Bloomfield, Arthur [Irving]	1942	J. Viner Lloyd W. Mints O. Lange
Bronfenbrenner, Martin	1939	Frank Knight, chr. S. E. Leland
Brooks, Benjamin [Franklin]	1939	Frank Knight, chr. Lloyd Mints [Viner also thanked in thesis preface]
Caplan, Benjamin	1942	J. Viner O. Lange	L. W. Mints H. C. Simons
Cox, Garfield [V.]	1929	Lionel D. Edie, chr. Jacob Viner Chester W. Wright
Daugherty, Marion [Roberts] (Mrs.)	1941	Jacob Viner, chr. Garfield Cox Lloyd Mints
Harper, Joel [William Canady]	1949 [Summer 1948]	F. Knight O. Lange H. Simons	C. W. Wright L. Mints S. Leland
Leigh, Arthur [Hertel]	1946	Frank Knight, chr. Jacob Viner Oskar Lange
McEvoy, Raymond [H.]	1950	Lloyd W. Mints, chr. Earl J. Hamilton Lloyd A. Metzler
McIvor, Russel [Craig]	1947	Roy Blough, chr. J. K. Langum L.W. Mints [in thesis acknowledgement Mints as the doctoral committee chair]
McKean, Roland [Neely]	1948	Lloyd W. Mints, chr. Lloyd A. Metzler Earl J. Hamilton A. Director
Reeve, Joseph [Edwin]	1939	Lloyd W. Mints, chr. Garfield V. Cox Jacob Viner
Shaw, Ernest [Ray]	1930	Lionel D. Edie, chr. Lloyd W. Mints Stuart P. Meech (Bus. School)
Snider, Delbert [Arthur]	1951	L. Metzler, chr. R. Blough Bert Hoselitz
Tongue, William [Walter]	1947	L. W. Mints, chr. Frank H. Knight H. Gregg Lewis

As you can see in some instances the Chairman was not listed, but the examining committee was listed. I wrote to Professor Cox, 660 W. Bonita, Apt. 24 E, Claremont, California 91711, to get the committee members for him and for Professor E. Shaw. Professor Cox also gave me the address of Professor Lloyd W. Mints, 618 E. Myrtle St., Ft. Collins, Colorado, should you have any interest. I hope this is sufficient.

Yours truly,
[signed]
(Mrs.) Hazel Bowdry
Sec. to Professor Telser

* * * * * * * * * * *

The University of Chicago
Chicago, Illinois 60637

Department of Economics

October 23, 1968

Professor Don Patinkin
Department of Economics
The Eliezer Kaplan School of
Economics and Social Sciences
The Hebrew University
Jerusalem, Israel

Dear Professor Patinkin:

In answer to your letter of October 4, I have rechecked the files and find the below listed information.

George Bach’s committee members:

L. W. Mints, chr.
S. E. Leland
C. W. Wright
Oskar Lange
F. H. Knight
H. C. Simons
Jacob Viner
Jacob Left
Maynard Krueger

This is the order in which the examining committee is listed.

Martin Bronfenbrenner:

Henry Schultz chr.
J. Viner
L. W. Mints
F. Knight
A. G. Hart
H. C. Simon

Joel Harper:

S. E. Leland, Chr.
H. Simons
L. W. Mints
Mr. Chatters

Benjamin Brooks:

L. Mints, chr.
J. Viner
F. Knight

I checked Faculty records with Mrs. Mosby, and found a re-appointment for Henry Simons dated June 3, 1930.

I hope this information is helpful, and I am sorry I cannot give more definite committee members in the case of Bach.

Sincerely yours,
[signed]
(Mrs.) Hayzel Bowdry

P.S. I hope you have received the microfilm by now. It was mailed via airmail yesterday.

Image Source: Don Patinkin article at Gonçalo L. Fonseca’s History of Economic Thought website. Colorized at Economics in the Rear-view Mirror.

Tags BachGL, BloomfieldAI, Blough, Bronfenbrenner, BrooksBF, CaplanB, CoxGV, DaughertyMR, Director, Edie, HamiltonEJ, HarperWCJ, HartAG, Hoselitz, Knight, KruegerM, Lange, Langum, LeftJ, LeighAH, Leland, LewisHG, LinvilleFA, McEvoyRH, McIvorRC, McKeanRN, Meech, Metzler, Mints, Patinkin, ReeveJE, SchultzH, ShawER, SimonHC, Simons, SniderDA, Telser, TongueWW, Viner, WrightCW

Economics Programs Economists Harvard Iowa Michigan Undergraduate

Harvard. Application for Admission to Economics Ph.D. Program. Edward H. Chamberlin, 1922

Post author By Irwin Collier
Post date 2021-11-12

The archived student records of the Graduate School of Arts and Science at Harvard University provide us material needed to write a prequel to a Ph.D. economist’s professional biography. To illustrate the the richness of such material, I have transcribed Professor Edward Hasting Chamberlin’s application materials that he submitted to Harvard. Judging from a couple of issues of Iowa’s “The Hawkeye Yearbook”, it does appear that Edward Chamberlin was quite a Busy Man on Campus during his undergraduate years.

Pro-tip. More information about the faculties and courses of instruction during Chamberlin’s pre-Harvard university days can be culled from the respective university catalogues archived at hathitrust.org:

Catalogues of the State University of Iowa.
Catalogues of the University of Michiga n.

Fun-fact: Edward H. Chamberlin played the role of Geoffrey Rawson in the production of Mrs. Bumpstead-Leigh performed May 12, 1920 at the Englert Theatre (joint production of the Erodelphian Literary Society and Irving Institute). The Hawkeye Yearbook, 1921.

_____________________________________

POLITICAL ECONOMY, SOCIOLOGY,
BUSINESS ADMINISTRATION

532 Thompson St.
Ann Arbor, Mich.
April 11, 1922.

Mr. George W. Robinson, Secretary
The Graduate School of Arts and Sciences,
Harvard University,
Cambridge, Mass.

Dear Sir:

Enclosed with this letter are transcripts of my work at the State University of Iowa and at the University of Michigan and my application for admission to candidacy for the degree of Doctor of Philosophy in Economics at Harvard University. Under separate cover I am making marked copies of the University of Michigan and the State University of Iowa. In some cases the catalogues do not indicate the work taken on account of changes. In these instances I have tried to duplicate the needed information in the margins.

I am making my application early so that I may know in advance as much as possible about the work I must take for my degree I presume that individual courses are not settled upon until after a conference. I shall be glad if I may know this spring how much credit will be allowed me for previous work, how much additional coursework will be required, and in what general branches.

Very truly yours,
[signed]
Edward H. Chamberlin

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

THE GRADUATE SCHOOL OF
ARTS AND SCIENCES

APPLICATION FOR ADMISSION TO CANDIDACY FOR A DEGREE IN ARTS OR PHILOSOPHY

NAME: E. H. Chamberlin

DATE April 1922

DEGREE APPLIED FOR Ph.D.

SUBJECT Economics

COLLEGE State U. of Iowa and U. of Mich.

REMARKS

B, except for French

25 Apr. 1923: French O.K.

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

HARVARD UNIVERSITY
THE GRADUATE SCHOOL OF ARTS AND SCIENCES

Application for Admission to Candidacy for a Degree in Arts or Philosophy

[Note: Chamberlin’s responses in his application have been highlighted using boldface.]

Return this application, with certificates of other evidences of scholarship and character, to the Secretary of the Graduate School of Arts and Sciences, No. 24 University Hall, Cambridge, Mass.

Applications for the degree of Master of Arts or Doctor of Philosophy will be received as late as the fifteenth day of January of the academic year in which the degree is to be taken; but candidates are urged to file their applications at the beginning of the year or ealirer, so that they may receive timely advice with reference to the work that will be expected of them for the degree.

The application should be accompanied by a Recorder’s or Registrar’s certificate of the applicant’s college or university work, and also, if possible, by a college catalogue or catalogues in which the studies he has taken are clearly marked. Final admission to candidacy for a degree is always conditional upon satisfactory official certification of the facts stated in the application.

Applications for the degree of Doctor of Philosophy should be filed, if possible, at the beginning of a student’s Graduate work for the degree.

An applicant for the degree of Master of Arts, who wishes to take later the degree of Doctor of Philosophy, should state the fact in his application for the Master’s degree, which will then be considered with reference to both degrees.

Full name. Edward Hastings Chamberlin
Post-office address. (Give prompt notice to the Secretary of the Graduate School of Arts and Sciences of any change.). 532 Thompson St., Ann Arbor, Mich.
Date and place of birth. La Conner, Wash. May 18, 1899.
High schools or other preparatory schools attended, and periods of attendance. Iowa City (Iowa) High School. 4 years
Colleges and universities attended and periods of attendance. What course did you take (classical, literary, scientific, etc.)? Univ. of Iowa. 1916-1920. Commerce; Univ. of Michigan. graduate. 1920-1922.
If you are an undergraduate, state: (a) What degree you expect, and when. [left deliberately blank]. (b) Rank or average standing in class [left deliberately blank]
If you have received a degree, state what degree, from what college, and when. B.S. in Commerce, Univ. of Iowa, June, 1920; M.A. University of Michigan, June, 1922.
If you have been a Graduate student at any college or university, state where, when, and in what subjects. State University of Iowa, summer sessions 1920 and 1921. Income Tax. Pol. Science; Univ. of Michigan 1920-1921, 1921-1922, Economics, Philosophy. and name your principal teachers in those subjects. Iowa. Prof. R. A. Stevenson [Associate Professor of Accounting, Russell Alger Stevenson, B.A. Michigan, 1913; M.A. Iowa, 1915; Ph.D. Michigan, 1918], Prof. Jacob Van der Zee [Assistant Professor of Political Science Jacob Van der Zee, B.A. Iowa, 1905; B.A. Oxford, 1908; M.A. 1913; LL.B. Iowa, 1913]; Michigan, Prof. F. M. Taylor [Professor of Political Economy and Finance Fred Manville Taylor, Ph.D.], Prof. I. L. Sharfman [Professor of Economics Isaiah Leo Sharfman, A.B., LL.B.], Dean Alfred H. Lloyd [Professor of Philosophy and Dean of the Graduate School Alfred Henry Lloyd, Ph.D.].
Honors or other evidences of high scholarship awarded to you. Phi Beta Kappa. Beta Gamma Sigma.
For what degree (or degrees) do you wish to be a candidate, and when? Doctor of Philosophy in Economics, September 1922.
Of the following branches, underscore once those which you have studied in college, and [mark with an asterisk (*)] those in which you have done advanced work. This information should be supplemented by a carefully marked and annotated catalogue or calendar.

Hebrew	Government	Physics
Sanskrit	*Economics	Chemistry
Greek	Sociology	Botany
Latin	*Philosophy	Zoölogy
English Composition	Education	Geology
English Literature	Fine Arts	Physiography
German	Architecture	Mineralogy
French	Music	Mining
Italian	Mathematics	Anthropology
Spanish	Astronomy	Subjects not classified above.
History	Engineering	Psychology
		Journalism

(a) State which of the languages named below you have studied, and how long in each case. German 1 1/2 yrs. high school; 2 yrs. Univ. French [deliberately blank], Greek [deliberately blank], Latin 2 years high school. Any modern foreign language other than German and French. Spanish. (b) Do you know German and French well enough to be able to consult works on your subject in these languages? German-yes; French-no.
In what subject do you wish to be considered as a candidate for a degree? State in detail your previous work in this subject.

Economics
Industrial History 4 sem. hrs.	Intro. to Econ. Theory 6 sem. hrs.	Research in Accounting 2 sem. hrs.
Commercial Geography 4 sem. hrs.	Cost Accounting 4 sem. hrs.	Railroads 3 sem. hrs.
Prin. of Economics 6 sem. hrs.	Public Utility Accounting 2 sem. hrs.	Essentials of Ec. Theory (continued) 2 sem. hrs.
Prin. of Accounting 6 sem. hrs.	Income Tax 2 sem. hrs.	*The course in Ec. statistics had nothing to do with statistics but dealt with the nature of income and sundry other subjects.
Business Efficiency 4 sem. hrs.	Essentials of Econ. Theory 2 sem. hrs.
Corporation Finance 4 sem. hrs.	Commercial Law 4 sem. hrs.
Banking 2.6 sem. hrs.	Economic Statistics 4 sem. hrs.*
Problems of Peace and Reconstruction 1.3 sem. hrs.	Studies in Econ. Theory (History of Econ. Thought) 2 sem. hrs.
Industrial History 4 sem. hrs.	Intro. to Econ. Theory 6 sem. hrs.

Present occupation. (State definitely.) Instructor in Economics, University of Michigan.
If you are, or have been a teacher, what positions have you held? at what institutions? in what subjects? and during what periods of time? Instructor, University of Michigan (1920.-1921; 1921-1922) and University of Iowa (Summer Session 1921); Economics and Accounting—Sept. 1920 to June 1922.
From whom can information as to your previous work be obtained? Prof. F. M. Taylor [Professor of Political Economy and Finance Fred Manville Taylor, Ph.D.], and Prof. I. L. Sharfman [Professor of Economics Isaiah Leo Sharfman, A.B., LL.B.], Ann Arbor, Mich.; Prof. F. H. Knight [Associate Professor of Economics Frank Hyneman Knight, B.S. Tennessee, 1913; A.M. 1913; Ph.D. Cornell, 1916], University of Iowa, Iowa City, Iowa.
List of printed and written documents submitted with this application. Catalogue, University of Michigan—separate cover; Catalogue, University of Iowa—separate cover; Certified record of courses pursued from Iowa and Michigan

Signature. [signed] Edward H. Chamberlin
Place of writing this application. Ann Arbor, Michigan.
Date. April 11, 1922

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

THE STATE UNIVERSITY OF IOWA
IOWA CITY

TRANSCRIPT OF RECORD

of Edw. Hastings Chamberlin
College Liberal Arts

Secondary Credits Accepted from Iowa City, Iowa

	Units
Latin	2
French
German	1½
English	4
History—Gv.—Econ.	2
Algebra	1½
P. & S. [Plane & Solid] Geometry	1½
Science	2
Draw.	2
	16	Entrance conditions: none

Degree B.S.C. Conferred [date] 6-15-20

This is a true statement of the credit earned by Edw. Hastings Chamberlin in the college of Liberal Arts of the State University of Iowa.

[signed] [?Signature illegible], Asst Registrar
Date 7/31/20

1916-17

Cat No	Subjects	1^st Sem		2^nd Sem
Cat No	Subjects	Hrs	Gr	Hrs	Gr
	Drill		excused	½	B
	Phy Training		excused	½	Cr
	Fresh. Sect.	1	C
1, 2	Eng. (Rhet.)	2	A	2	B
13, 14	German (Interm.)	5	C	5	C
5	Math. (Trig. Alg.)	5	A
3	Econ (Ind.Hist.)	4	B
4	Econ. (Com. Geog.)			4	B
6	Math. (An. Geom.)			5	A

1917-18

Cat No	Subjects	1^st Sem		2^nd Sem
Cat No	Subjects	Hrs	Gr	Hrs	Gr
	Drill	.5	Cr	.5	Cr
1	Econ (Prin.) 1(2)	3	B	3	C
7	Econ. (Elem.Acc.) 7(8)	3	A	3	A
21	Eng. (Lit.) 21(22)	3	B	3	B
51	Spanish (Elem.) 51(52)	5	A	5	A
179	Eng. (Editing) 179	2	C
	Phy. Tr.			.5	C

1918-19

Cat No	Subjects	1^st Sem		2^nd Sem
Cat No	Subjects	Hrs	Gr	Hrs	Gr
	Psych. (Elem.) 1,2	2	B	2	B
	Span. (2d yr.) 54,55	2	A	2	A
	Econ. (Efficiency) 167,168	2	B	2	A
	Econ. (Corp. Finance) 143,144	2	B	2	B
	Econ. (Banking) 165,166	1.3	B	1.3	A
	Econ. (Prob. Peace & Recon.) 50	1.3	C

	Officers’ Training Course, Fort Sheridan, Ill.			6 s.h.
	Service in the U.S. Army 7-18-18 to 1-15-19			10 s.h.
	1238 1254			10-11-19

1919-20

Cat No	Subjects	Fall		Winter		Spring
Cat No	Subjects	Hrs	Gr	Gr	Gr	Hrs	Gr
	Com. (Intro. Econ. Theory) 135	2	A	2	A	2	A
	Com. (Cost Account) 131	2	B	2	A
	Com. (Com. Law) 189	1.3	B	1.3	B	1.3	A
	Math. (2d yr. L.A. Math) 3	2.7	A	2.7	A	2.7	A
	Com. (Pub. Ut. Acc’t) 132					2	A

Summer Session 1920

Cat No	Subjects	July
		Hrs	Gr
	Econ VI	2	A

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

Summer Session 1921

Cat No	Subjects	August
Cat No	Subjects	Hrs	Gr
	Pol Sci 11S	1.6	P
	Pol Sci 117S	.4	P

[Summer Session 1921 from a card from the State University of Iowa, Iowa City. Registrar: H. C. Dorcass [University Examiner and Registrar Herbert Clifford Dorcas, B. Ph. Iowa, 1895; M.A. Columbia, 1903] 9/19/21]

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

UNIVERSITY OF MICHIGAN
ANN ARBOR

GRADUATE SCHOOL
OFFICE OF THE DEAN
[Transcript of courses taken
by Edward H. Chamberlin]

April 7, 1922.

TO WHOM IT MAY CONCERN:

This is to certify that Mr. Edward H. Chamberlin, B.S. in Commerce, University of Iowa, was admitted to this Graduate School in the fall of 1920 as a candidate for the Master’s degree. During his residence in the School, Mr. Chamberlin has pursued the following courses:

First Semester, 1920-21
Course	No.	Credit	Grade
Economics	8	2 hrs.	B
Economics	13d	2 hrs.	A
Economics	17	1 hr.	A
Second Semester, 1920-21
Economics	7	2 hrs.	A
Economics	8a	2 hrs.	B
Economics	18	1 hr.	A
First Semester, 1921-21
Philosophy	9a	3 hrs.	A
Economics	6	3 hrs.	A
German	*9c	——	B
Second Semester, 1921-22
Economics	8	2 hrs.	Now taking.
Philosophy	9b	3 hrs.	Now taking.
German	*10c	——	Now taking.
A=Excellent, B=Good, C=No graduate credit, *Undergraduate course

Mr. Chamberlin was granted credit towards the Master’s degree at this University for graduate work done at the State University of Iowa. Upon the satisfactory completion of the work now being pursued, the degree of Master of Arts will be conferred upon Mr. Chamberlin in June, 1922.

[signed] Alfred H. Lloyd
Dean, Graduate School.

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

Carbon Copy of Reply to Chamberlin’s Application of 11 April 1922

13 April 1922

My dear Sir:

Your application for admission to the Graduate School of Arts and Sciences as a candidate for a higher degree has been received and examined. The obvious difficulty in your case is your deficiency in French. I accordingly advise you to devote as much time as possible to work in this language between now and next fall. In the meantime you will do well to look over the scheme of subjects from which selections are made, in preparation for the general or preliminary examination for the doctorate, and at the beginning of the year you should consult Professor Charles H. Haskins, Dean of the Graduate School of Arts and Sciences, as to the arrangement of your work. i see no specific deficiency in your preparation other than the French, and I see no reason to doubt that you can arrange a satisfactory plan of work for the doctorate in consultation with Dean Haskins and with the Department of Economics. It is impossible at present to make any very definite estimate of the length of time that your work would require. I should suppose that you ought to plan for two solid years at least, with the idea that if your work is not completed by the end of that time you may perhaps be able to finish up your thesis in absentia, and then to come back for your final examination. If a part of your time during either of the two years is devoted to work as assistant or instructor, at least a third year in residence would presumably be necessary.

Very truly yours,
[Carbon copy unsigned]

Edward H. Chamberlin

Source: Harvard University Archives. GSAS student folders (UAV161.201.10), Box 117, Folder: E. H. Chamberlin.

Image: Edward Chamberlin. University of Iowa. The Hawkeye 1920, p. 37.

Tags Chamberlin, Knight, Sharfman, TaylorFM

Chicago Economics Programs Faculty Regulations

Chicago. Economics A.M. requirements amended to become “Consolation Prize”. Lewis and Schultz, 1950

Post author By Irwin Collier
Post date 2021-05-02

In 1950 the Chicago economics department voted to convert its master’s degree into an award for the successful partial completion of its Ph.D. program. It was to serve as a “consolation prize” for good graduate students but those found not to have the right “Ph.D. stuff” (H. Gregg Lewis’ words in his memo of Sept. 29, 1950 to chairman T. W. Schultz, transcribed below). I have also included the relevant portion of the distributional and examination requirements for the Ph.D. that had already formed part of the so-called “alternate departmental master’s degree”. H. Gregg Lewis’ proposal was largely accepted by the department (minutes from the meeting of November 2, 1950 transcribed below), thereby eliminating distinct tracks for its A.M. and Ph.D. degree programs, respectively.

_______________________

ALTERNATIVE DEPARTMENTAL MASTER’S DEGREE
[1950-51 regulations]

Upon request the Department will consider recommending for the Master’s degree candidates who have satisfied the distribution requirement for the Ph.D. degree and have passed with satisfactory standing the three written field examinations for the Ph.D. degree. One modern foreign language is required. In place of a thesis such candidates may present an acceptable paper or report on a problem approved by the Department.

[…]

Distributional requirement [Ph.D.]. The candidate is expected to have familiarity with the subject matter equivalent to that covered in at least one course (200 or 300 level of reasonable comprehensivenss in each of ten fields (five required and five elected), satisfactory evidence of which can be provided by course credit or by passing a special examination. The required fields are: (a) economic theory, (b) accounting, (c) statistics, (d) economic history, and (e) money, banking, and monetary policy. The fields from which five may be elected are: (f) consumption economics, (g) industrial relations, (h) monopoly and public utilities, (i) agricultural economics, (j) government finance, (k) international economic relations, and (l) substitute fields, but not in excess of two, proposed by the candidate and approved by the Departmental counselor or the Department. One or both of these substitute fields may be outside the Department of Economics, and in general some work outside the Department is recommended with a view to rounding out a program appropriate for the individual student. In case of students transferring from other institutions, adequate training in general history may be substituted for economic history upon the written recommendation of the Departmental counselor.

Preliminary written field examinations [Ph.D.]. In each of three fields of specialization, in addition to presenting course credit or special examinations to show satisfactory preparation, the candidate will be required to pass a written examination.

The candidate is expected to select the three fields of specialization—a primary field and two secondary fields—for intensive graduate work. The primary field is that in which the [Ph.D.] thesis will be written. One of the three fields (primary or secondary) must be that of economic theory, including monetary theory. The fields from which selection is to be made are listed above under the heading “Distributional Requirement,” except that accounting may not be chosen as a field without approval of the Department. One secondary field of specialization may be a field named by the candidate outside the list above, and this may be in a department other than Economics. A secondary field may also be developed under one of the interdepartmental committees of specialization International Relations, Human Development, Planning or Social Thought. The program of work proposed, which ordinarily will include four to five courses, must be approved by the Department. No other secondary field may replace the required field in economic theory.* Students should consult with the Departmental counselor with respect to appropriate programs of work in preparation for the field examinations. The field examinations are given by the Department in the sixth and seventh weeks of the Winter and summer quarters. Application for any field examination should be made not later than the end of the first week of the quarter in which the examination is to be taken.

*Students who take the field examination in money, banking, and monetary policy will not be required to write the monetary theory part of the economic theory examination.

Source: University of Chicago, Announcements. The Division of the Social Sciences, Sessions of 1950-1951, Vol. L, Number 9 (July 20, 1950), pp. 25-26.

_______________________

ECONOMIC COURSES LISTED IN THE LEWIS MEMO (29 Sept 1950) AND INCLUDED IN THE DEPARTMENTAL MINUTES (2 Nov 1950)

209. Intermediate Economic Theory. (Procter Thomson/Harold Gregg Lewis) Designed for students majoring in economics. Deals with factors controlling production, value and relative prices, and distribution.

211. Introduction to Statistics. (Harold Gregg Lewis) Elementary principles of statistics. Main topics: frequency distributions, averages, dispersion, index numbers, elements of the theory of statistical inference.

220. Economic History of the United States. (Earl J. Hamilton) Facts and factors in American’s economic growth from the Colonial period to World War II, including the development of agriculture, industry, commerce, finance, and transportation; economic effects of wars; role of the entrepreneur; rise in living standards; unrest and utopias in periods of stagnation; commercial crises and economic basis of cultural progress.

222. The Rise of Industrial Civilization in Europe. (John Ulrich Nef) Economic development in its relation to religious, political, intellectual and artistic history since the seventeenth century.

230. Introduction to Money and Banking. (Milton Friedman/Lloyd Wynn Mints) Factors which determine the value of money in the short and in the long run; and operation of the commercial banking system and in relation to the price level and general business activity.

240. Introduction to Industrial Relations. (Albert E. Rees) The nature of the labor market; government regulation of wages; social security; the history, structure, and functions of American labor unions; and collective bargaining. Special attention is given to current problems of public policy.

255. Introduction to Agricultural Economics. (D. Gale Johnson). Nature of resources used in agriculture. Prices, production, resource allocation, and income distribution. Analysis of government programs, subsidies, storages, crop control, soil conservation, food-stamp plan.

260. Introduction to Government Finance. (Richard B. Goode) Survey of institutions and theories of government finance. Effects of public expenditures; functions of public revenue; forms of taxation; tax criteria; determination of tax policy; public borrowing; debt management; fiscal policy.

270. International Economics. (Bert F. Hoselitz) The nature of international payments and receipts; foreign trade and banking system. The gold standard in the interwar period. The breakdown of the gold standard and the period of fluctuating exchange rates. Exchange controls, clearing agreements and payments agreements. The second world war and the foreign exchange markets. The position of the International Monetary Fund and the International Bank for Reconstruction and Development in the present world economy.

271. Economic Aspects of International Politics. (Bert F. Hoselitz) An introductory survey, with particular reference to the United States, of the economic policies and activities of governments. Topics: international specialization of production and the distribution of world resources, structure of international exchanges and the mechanism of international transfer of goods and services; tariffs and other regulatory measures; trade agreements and the most-favored nation clause; international flow of capital and investment; the position of the ITO, the IMF, the ECA and other official agencies in international trade and exchange.

300A, 300B. Price Theory. (W. Allen Wallis 300A/Lloyd A. Metzler 300B/Milton Friedman 300B) A systematic study of the pricing of final products and factors of production under essentially stationary conditions. Covers both perfect competition and such imperfectly competitive conditions as monopolistic competition, oligopoly, and monopoly. 300A deals primarily with the pricing of final products; 300B, with the pricing of factors of production.

Source: University of Chicago, Announcements. The Division of the Social Sciences, Sessions of 1950-1951, Vol. L, Number 9 (July 20, 1950), pp. 27-28.

_______________________

THE UNIVERSITY OF CHICAGO

September 29, 1950

To T. W. Schultz

From H.G. Lewis

In Re: Requirements for the Master’s Degree

This is an elaboration of comments made to you this summer concerning the Master’s degree.

I should like to recommend the following changes in our requirements for the A.M. degree:

That the distinction between the “regular” A.M. and the “alternative” A.M. be abolished.
That the departmental requirements for the A.M degree consist of the following alteration of the present alternative A.M. requirements:
1. A distribution requirement covering five (rather than the present eight) fields of economics of which theory, statistics, and money and banking shall be mandatory. Students who do not hold the traditional A.B. degree must meet the requirement by passing satisfactorily a qualifying examination coving the subject matter of Economics 209, 211 (unless the student has passed the Divisional qualifying examination), 230, and two courses chose from 220, 222, 240, 255, 260, 270, 271.¹^/ Students holding the traditional A.B. may meet the requirement by showing equivalent course credit.
2. The passing of two Ph.D. field examinations (with Part I of the Theory exam counting as a full exam) at a satisfactory level (that is, at either the Ph.D. level or at a level somewhat lower but not so low as not to warrant blessing the candidate with a Master’s degree).²^/
3. A showing of competence in economic principles; made either by passing (at the A.M. level or higher) Part I of the Theory examination, by course credits or course examinations in Economics 300A and 300B, or by equivalent course credit.

I would recommend that the changes in requirements become effective as of the beginning of the Summer Quarter, 1951 for students entering the Department in that and later quarters.

1/ This qualifying examination is now offered every quarter. This is an extravagant use of faculty. I should like to see the exam offered only once a year. Furthermore, I should like to permit students to substitute course grades for all or part of the exam provided the course grades are for courses taken here and provided they are not at a level lower than B.

2/ There would be therefore no special examinations for A.M.’s, but the examinations would be graded into three levels: passing for the Ph.D. and A.M. degrees, passing for the A.M. degree but not for the Ph.D., failing for both.

I would urge students to give requirement (b) high priority in preparing their programs of study.

Since the ends sought by these changes can be reached in other ways, I specify below what these ends are.

I view our principal instructional purpose as that of training high-level (Ph.D. and beyond) professional economists. I think we ought to view our training of “junior” economists and the awarding of the A.M. degree only as an incident arising from the fact that at the time a student applies for admission to the department, we cannot predict accurately either his calibre as a student or his academic goals.

It seems to me that the requirements for the Master’s degree should meet these tests:

They should include no requirements which the Department would not make for the Ph.D. degree. Otherwise both student and faculty time will be spent in activities extraneous to the training of high-level economists. The present alternative A.M. meets this test but the regular A.M. does not.
The requirements should be at a level high enough to be respected by the academic world. Both present degrees meet this test, I believe.
But the standards for the degree should not be so high that potentially able Ph.D. candidates will be deterred from entering because of the considerable risk that if they fail to meet Ph.D. standards they will also fail to meet A.M. standards. If we set standards for the A.M. that are almost as likely not to be met as the Ph.D. standards we hold out no “consolation prize” to those good students who are fearful of not being able to meet Ph.D. standards. The present alternative A.M. requirements do not meet this test.

One of the ways by which we can raise the calibre of our Ph.D. candidates without reducing our enrollment is to increase the number of students who are given an opportunity to show at close hand their potentialities to us and to screen out at an earlier date those who are not of Ph.D. stuff. I am confident that quite accurate screening can take place ordinarily by the end of the first year of graduate residence. I contemplate our using the A.M. requirements as a screening device; the present alternative A.M. is not satisfactory from that point of view since it postpones too long the screening decision.

Source: University of Chicago Archives. Department of Economics Records. Box 41, Folder “41.8”.

_______________________

MINUTES
Meeting of the Department

Time and Place: Thursday, November 2, 1950, at 1:00 p.m. in Room 424, Social Science Research Building.

Present: T. W. Schultz (chairman), H. G. Lewis, A. Rees, R. Goode, G. Tolley, D. G. Johnson, F. H. Harbison, J. Marschak, C. Hildreth, F. Knight, L. Metzler.

Handling of Student Business
It was agreed that all bona fide applications for admission to candidacy filed this quarter would be considered as falling under present degree requirements even though Departmental action does not take place until Winter quarter.
Ford Foundation
Schultz stated that as a Department we have an obligation to ourselves, to the University, and to the community more largely to think through carefully the problem of making the best use of the Ford Foundation’s present grant of $300,000 to the University as well as possible later grants. There was a brief general discussion of the problem.
Departmental Rules Governing Residence and Availability to Students
Schultz pointed out that in the current year we have been able for the first time to reduce direct teaching loads for most of our members to four courses per year or less. This reduction, he pointed out, makes it desirable that the Department impose upon itself rules governing residence and availability to students and others in the university community lest they be imposed upon us from outside. The problem of rules for residence involves not only a rule stipulating in some way minimum residence, but also the question of whether “free” quarters out of residence should be considered a matter of a right accruing to an individual from his residence or a privilege dependent upon ad hoc decisions made by the Department chairman and the Dean. Schultz expressed himself as being in favor of a rule somewhat similar to the rules for accumulating sabbatical leave under a 3Q contract. In addition there is the problem of insuring, perhaps by rule, “availability” when in residence. The formulation of appropriate rules is to come before the Department for its consideration in the Winter quarter.
The Department considered Lewis’ recommendations for changes in the A.M. requirements. (See attached memo. [above]) the following amendment of Lewis’ recommendation was passed:
1. That the distinction between the regular A.M. and the “alternative” A.M. degrees be abolished.
2. That the Departmental requirements for the A.M. degree consist of the following:
  1. A distribution requirement to be met by passing a “Qualifying” examination covering the subject matter of Economics 209, 211 (unless the student has passed the Divisional qualifying examination) 220 or 222, 230 and two courses chosen from 240, 255, 260, 270, and 271. Students holding the traditional A.B. may satisfy the requirement by equivalent course credit.
  2. The passing of two Ph.D. field examinations (with Part I of the Theory examination counting as an examination) at a satisfactory level of A.M. candidates.
  3. A showing of competence in economic principles; made either by (at the A.M. level or higher) Part I of the Theory examination, by course credits or examinations in Economics 300A and 300B, or by equivalent course credit.
  4. An acceptable paper or report on a problem approved by the Department. The paper will be read by two members of the Department of which the course instructor will be one in the event the student submits a term paper prepared for a course.

The above changes in requirements are to become effective as of the beginning of the Summer quarter, 1951 for students entering the Department in that and later quarters.

It was understood that the above motion in no way changes present preliminary examinations or other requirements for the Ph.D. degree. Professor Knight asked the minutes to show his objection to dropping Economics 210 (Accounting) from the requirements for the A.M. degree.

Student Business
1. Petitions

Lawrence Bostow’s petition for approval of French and Russian as languages for the Ph.D. was approved.

Mr. H. M. Herlihy’s petition for the field of “Social Organization” (Sociology Department) as his third field for the Ph.D. degree was approved.

Mr. John Holsen’s petition for a third Ph.D. field in Planning (Planning Department) was approved. Mr. Johnson, his counselor, was asked to inform Mr. Holsen, however, that this approval does not entitle Holsen to shorten his total program in Economics for the Ph.D.

Mr. Edward Mishan’s petition for approval of Spanish as a Ph.D. language was denied.

1. Admission to Candidacy

Mr. Howard Ammerman’s application for admission and for approval of a thesis topic was moved to the bottom of the list of applications.

Mr. Rondo E. Cameron’s application for admission to candidacy for the Ph.D. degree was recommended to the Division for approval, contingent upon his passing the Theory examination (written Summer, 1950) and his proposed thesis topic, “French Foreign Investment, 1815-1870,” was approved. Thesis committee: E. J. Hamilton, chairman, L. Metzler, P. Thomson.

After some discussion, Mr. Clifford Clark’s application was moved down the list. Lewis was instructed to advise Clark to consult with Hamilton concerning the latter’s misgivings about the proposed thesis topic, and in addition to confer with Hayek, Knight, and other members of the Department concerning the thesis topic.

Mr. George P. Coutsoumaris’ application for admission to candidacy for the Ph.D. degree was recommended to the Division for approval, contingent on his passing the Theory examination (written Summer, 1950), and his proposed thesis topic, “Possibilities of Increasing Economic Efficiency in Greek Agriculture,” was given qualified approval, the Department suggesting that he limit the topic somewhat preferably to a topic approximately the same as that covered in the sections (VII and VIII) of his outline dealing with capital in Greek agriculture. Thesis committee: D. G. Johnson, chairman, C. Harris, J. Margolis (planning).

Mr. David Fand’s proposed thesis topic, “Monetary Theory of the Federal Reserve Board,” was discussed. It was agreed to come back to it at the next meeting after several more of the members of the Department had an opportunity to discuss the topic with Fand.

The meeting was adjourned at 3:05 p.m.

Source: University of Chicago Archives. Department of Economics Records. Box 41, Folder “41.8”.

Images: University of Chicago Photographic Archive, H. Gregg Lewis [apf1-03861] and T. W. Schultz [apf1-07479], Hanna Holborn Gray Special Collections Research Center, University of Chicago Library.

Tags Cameron, Friedman, Goode, Hamilton, Harbison, Hildreth, Hoselitz, JohnsonDG, Knight, LewisHG, Marschak, Metzler, Mints, Nef, Rees, SchultzTW, ThomsonP, Tolley, Wallis

Economists George Mason Virginia Tech

Virginia Tech. Letter from James Buchanan to Earl Hamilton, 1983

Post author By Irwin Collier
Post date 2021-02-17

Because the papers of the economic historian, Earl Hamilton, are generally an ill-sorted grab bag of documents, I figured the following letter from James Buchanan to Earl Hamilton on the eve of the former’s move to George Mason University had a small probability of being used by future Buchanan scholars if left to lie in a not-elsewhere-classified folder of Hamilton’s papers.

The meatiest sentence in the letter for historians of economics is probably:

As for economics, I get more and more discouraged at what is being taught for and what passes for our parent discipline. It seems increasingly escapist to me, grown men playing with toys, despite the acknowledged intellectual fascination.

Womp, womp?

______________________

P.O. Drawer G
Blacksburg, VA 24060
20 May 1983

Professor and Mrs. Earl Hamilton
Oak Ridge, TN 37830

Dear Professor Hamilton and Mrs. Hamilton:

We regret very much that we cannot join with you in celebrating the grand occasion of your sixtieth anniversary. It would be very nice to see both of you again after so many years. And Oak Ridge is within reasonable driving distance of Blacksburg. I have on several occasions lectured at the federal executives institute there. If it were not that I had the earlier scheduled commitment at the Pittsburgh conference, we should surely have been in attendance.

Let us wish both of you all that should be wished on such occasions.

I get news from you occasionally when I see George Stigler, who does, apparently, get to his Flossmoor house every now and then. I have been on a Hoover Advisory Committee that George chairs for several years now. And I was at a small meeting with both George and Ronald Coase last fall in Austria.

Our news, which you may have heard, is that our whole Center for Study of Public Choice, is shifting to George Mason University, in Fairfax (the Washington suburbs) after 1 July this year. So we are in the throes of moving. We shall, personally, keep our country place down here in the mountains, but we have already sold off our town property and plan to live in a Fairfax townhouse when up there, at least until retirement when we shall come back to the mountains permanently by current plans.

I find my research and writing interests moving more and more toward political philosophy and ethics (too much Frank Knight I guess), and I have recently been involved in several papers, which will be a book soon, on the basic logic of constitutional constraints. We have a Cambridge Press commitment to publish it under the title, The Reason of Rules.

As for economics, I get more and more discouraged at what is being taught for and what passes for our parent discipline. It seems increasingly escapist to me, grown men playing with toys, despite the acknowledged intellectual fascination.

My gardening suffers terribly in this wettest of all springs, indeed no spring at all. Nothing comes up even when dry enough to plant. Asparagus at least one month late and piddling. Lettuce which should be now ready only commencing to pop out, and too wet to put in any tomatoes as yet. But we hope.

I know that your day will be a grand occasion. Again I sincerely wish that we could join you. It would be very nice to get the opportunity for a visit.

Sincerely yours,
[signed]
Jim Buchanan

/btr

Source: Duke University. David M. Rubenstein Rare Book and Manuscript Library. Economists’ Papers Archive. Earl J. Hamilton papers, Box 4, Folder “Correspondence 1920’s-1930’s; 1960’s; 1980’s; and n.d.”

Image Source: PBS webpage “American Nobel Economists”, James Buchanan Image 14

Tags Buchanan, Coase, Hamilton, Knight, Stigler

Chicago Economics Programs Economist Market Economists

Chicago. Memos discussing guests to teach during summer quarter, 1927

Post author By Irwin Collier
Post date 2020-12-23

Apparently the 1926 summer quarter course planning at the Chicago department of political economy in 1926 was so wild that the head of the department, Leon C. Marshall, decided to start the discussion for 1927 on the second day of Summer, 1926. Four of the seven colleagues responded with quite a few suggestions.

This post provides the first+middle names where needed in square brackets. Also links to webpages with further information about the suggested guests have been added.

______________________

Copy of memo from
Leon Carroll Marshall

THE UNIVERSITY OF CHICAGO
Department of Economics

Memorandum from L. C. Marshall. June 22, 1926

To: C. W. Wright, J. A. Field, H. A. Millis, J. Viner, L. W. Mints, P. H. Douglas, W. H. Spencer

We really must break through the morass we are in with respect to our summer quarter. Partly because of delayed action and partly because of an interminable debating society in such matters we finally get a patched up program which is not as attractive as it should be.

I shall proceed on the basis of the homely philosophy that the way to do something is to do something. I shall try to secure from every member of the group a statement of his best judgment concerning the appropriate course of action for the summer of 1927 and then move at once toward rounding out a program.

Won’t you be good enough to turn in to E57 within the next few days your suggestions and comments with respect to the following issues.

Do you yourself expect to be in residence the summer quarter of 1927?
If you do, what courses do you prefer to teach? Please list more than two courses placing all of the courses in your order of preference. In answering this question, please keep in mind the problem of guiding research. Should you offer a research course?
What are your preferences with respect to hours? Please state them rather fully and give some alternatives so that a schedule may be pieced together.
What courses or subject matter should we be certain to include in the summer of 1927?
What men from outside do you recommend for these courses which we should be certain to include? Please rank them in the order of your preference.
Quite aside from the subject matter which you have recommended above, what persons from the outside ought we try to make contact with if our funds permit? This gives an opportunity to aid in making up the personnel of the summer quarter in all fields.
Please give any other comments or suggestions which occur to you.

Yours very sincerely,

LCM:G

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

Response from
Jacob Viner

The University of Chicago
Department of Political Economy

July 1, 1926

Dear Mr. Marshall

I will want to offer 301 (Neo-class Ec.) & 353 (Int Ec. Pol) as usual next summer, though if we have a good outside theorist to give 301, I would like to give a course on Theory of Int Trade in addition to 353. I think we need someone especially in Banking, next in theory. Beyond these we should offer work in some of the following, if we can get first rankers: statistics, private finance, transportation, economic history of Europe & ec. Hist. of U.S.

I suggest the following from which selections could be made:

Banking

Theory

Statistics

Transportation

Ec. Hist.

[Eugene E.]
Agger

[Benjamin Haggott] Beckhart

[Allyn Abbott]
A.A. Young

[Chester Arthur]
C. A. Phillips

[Oliver Mitchell Wentworth]
Sprague

[James Harvey] Rogers

[Ernest Minor] E.M. Patterson

[Allyn Abbott]
Young

[Jacob Harry]
Hollander[Frank Hyneman] Knight

[Albert Benedict] Wolfe

[Herbert Joseph] Davenport

[Henry Roscoe] Trumbower

[Homer Bews] Vanderblue

[Melvin Moses] M.M. Knight

[Abbott Payson] A.P. Usher

As other possibilities I suggest [George Ernest] Barnett, [James Cummings] Bonbright, [Edward Dana] Durand, [Edwin Griswold] Nourse, [Sumner Huber] Slichter, John D. [Donald] Black, Holbrook Working, [Alvin Harvey] Hansen.

[signed]
J Viner

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

Response from
Paul Howard Douglas

The University of Chicago
The School of Commerce and Administration

June 29, 1926

Professor L. C. Marshall
Faculty Exchange

Dear Mr. Marshall:

You have hit the nail on the head in your proposal to get under way for next summer, and I am very much pleased at your action. Answering your questions specifically may I say—

That I do not expect to be in residence for the summer quarter of 1927.
&3. Since I shall not be in residence no answers to these questions are, I take it, necessary.

We should, I think, be certain to include adequate work in the following fields (a) Economic theory, (b) Monetary and banking theory, (c) Labor problems, (d) Statistics and quantitative economics, (e) Taxation and Public finance, (f) Economic history.
As regards men from outside, I would recommend the following in each field: (a) Economic theory—[Herbert Joseph] H. J. Davenport, [John Rogers] J. R. Commons, [Frank Hyneman] F. H. Knight; (b) Monetary and banking theory—[Allyn Abbott] A. A. Young, [Oliver Mitchell Wentworth] O.M.W. Sprague, [James Waterhouse] James W. Angell; (c) Labor problems—Selig Perlman, Alvin [Harvey] H. Hansen; (d) Statistics and quantitative economics—[Frederick Cecil] F. C. Mills, [Robert Emmet] R. E. Chaddock, [William Leonard] W. L. Crum; (e) Taxation and public finance—[Harley Leist] H. L. Lutz, [William John] William J. Shultz; (f) Economic history—[Norbert Scott Brien] N. S. B. Gras.
As people from outside to try for, might it not be possible to secure some one from England, such as [John Atkinson] John A. Hobson, Henry Clay, or [Dennis Holme] D. H. Robertson? Might it not also be possible to get Charles Rist from France or [Werner] Sombart from Germany?

Faithfully yours,
[signed]
Paul H. Douglas

P.S. The news that [Henry] Schultz and [Melchior] Palyi are to be with us next year is certainly welcome. Should we not let everyone know that they are coming, and should not a news note to this effect be sent on to the American Economic Review? [Handwritten note here: “Mr. Wright doing this”]

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

Response from
Lloyd Wynn Mints

The University of Chicago
The School of Commerce and Administration

July 16, 1926

Memorandum to L. C. Marshall from L. W. Mints, concerning the work of the summer quarter, 1927.

It is my present intention not to be in residence during the summer quarter, 1927, although I will be in the city, I suppose.
It appears to me that we should attempt to get men from the outside who would represent some of the newer points of view rather than the orthodox fields. I should suppose that it would be desirable to have a man in statistics and, if he could be found, somebody to do something with quantitative economics. For the statistics I would suggest [William Leonard] Crum, [Frederick Cecil] Mills, [Frederick Robertson] Macaulay, [Willford Isbell] King, [Bruce D.] Mudgett, [Robert] Riegel. I am ignorant of the particular bents of some of the statistical men, but I should suppose that in quantitative economics [Holbrook] Working, [Alvin Harvey] Hansen, or [William Leonard] Crum might do something. Perhaps [Edmund Ezra] Day should be added to the men in Statistics.
In economic history, as I remember it, we have had no outside help for a long time. I should like to see either [Noman Scott Brien] Gras or Max [Sylvius] Handman give some work here in the summer.
Particular men who represent somewhat new points of view, and who might be had for the summer, I would suggest as follows: [Lionel Danforth] Edie, [Oswald Fred] Boucke, [Morris Albert] Copeland, [Sumner Huber] Slichter.
In addition I should like very much to see either [Edwin Robert Anderson] Seligman or [John Rogers] Commons here for a summer.

[signed]
L.W.M.

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

Response from
Harry Alvin Millis

Answers to questions re Summer Teaching, 1927

Yes, I feel that I must teach next summer unless that plan you have been interested in goes through.
342 [The State in Relation to Labor] and 440 [Research].
342 at 8; 440 hour to be arranged.
5. 6.: Should get a better rounded program than we have had. Should have an outstanding man in economic theory and another in Finance. For the former I would mention [John] Maurice Clark, [John Rogers] Commons, and [Frank Hyneman] Knight—in order named. For the latter I would mention [Allyn Abbott] Young, [James Harvey] Rogers. If we can get the money I should like to see [George Ernest] Barnett brought on for statistics and a trade union course.

Would it be possible to have a seminar which would bring together the outside men and some of the inside men and our mature graduate students—these hand-picked? It might be made very stimulating.

[Signed]
H. A. Millis

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

Response from
Chester Whitney Wright

The University of Chicago
The Department of Political Economy

Memorandum to Marshall from Wright

Summer 1927
First term some aspects of economic history
1:30 or 2:30
May have to teach the whole summer but hope I can confine it to first term.
Can teach any phases of subjects in any fields suitable for term.

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

Response from
James Alfred Field

[No written answer in the folder: however L. C. Marshall noted that Field would not be teaching in the summer term of 1927]

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

Response from
William Homer Spencer

The University of Chicago
The School of Commerce and Administration
Office of the Dean

July 12, 1926

Mr. L. C. Marshall
The Department of Political Economy

My dear Mr. Marshall:

As Mr. [Garfield Vestal] Cox does not wish to teach during the Summer Quarter of 1927, I wish the Department of Political Economy would try to get Mr. [Edmund Ezra] Day of Wisconsin [sic, Michigan is correct] who could give both a course in statistics and a course in forecasting. Forecasting is not given this summer and unless we get someone from the outside to give it, I presume it will not be given next summer.

Why does not the Department of Political Economy for the coming summer get someone like Mr. [Leverett Samuel] Lyon to give an advanced course in economics of the market for graduate students? The Department of Political Economy could handle half of his time and I perhaps could handle the other half for market management

Now that it appears that the Department of Political Economy cannot get any promising young men in the Field of Finance, why do you not try for [Chester Arthur] Phillips of Iowa? He will give good courses and will draw a great many students from the middle west to the University.

So far as my own program is concerned, I have not made much progress. I tried to get [Roy Bernard] Kester of Columbia, but he turned me down. I am placing a similar proposition before [William Andrew] Paton of Michigan. In the Field of Marketing, I am trying for [Frederic Arthur] Russell of the University of Illinois to give a course in salesmanship primarily for teachers in secondary schools. Otherwise I have made no progress in getting outside men for next summer.

Yours sincerely,
[signed]
W. H. Spencer

WHS:DD

Source: University of Chicago Archives. Department of Economics. Records. Box 22, Folder 7.

Tags Agger, Angell, Barnett, Beckhart, BlackJD, Bonbright, Boucke, Chaddock, ClarkJM, Clay, Commons, Copeland, CoxGV, Crum, CW Wright, Davenport, Day, Douglas, Durand, Edie, Elkington, Field, Gras, Handman, Hansen, Hobson, Hollander, Kester, Knight, KnightMM, LutzHL, Lyon, Macaulay, MarshallLC, Millis, MillsFC, Mints, Mudgett, Nourse, Palyi, Paton, PattersonEM, PerlmanS, Phillips, PhillipsCA, Riegel, Rist, RobertsonDH, RogersJH, RussellFA, Schultz, Seligman, ShultzWJ, Slichter, Sombart, Spencer, Sprague, Trumbower, Usher, Vanderblue, Viner, Wolfe, WorkingH, Young

Chicago Economists Exam Questions

Chicago. Economic Price Theory Prelim Exam taken by Zvi Griliches. Winter quarter 1955.

Post author By Irwin Collier
Post date 2020-09-04

With this post Economics in the Rear-view Mirror adds two more preliminary exams from the University of Chicago (here, from the Winter Quarter of 1955) to its growing collection of artifacts that provide us a digital record of economics education through the years. The original document was found in Milton Friedman’s files which provide us the additional information of the names of the examination committee as well as names, together with Friedman’s own test scores and his answers to the True-False questions. Of interest to note: Zvi Griliches not only attained the greatest number of points awarded by Friedman (120 points of 185 possible points), but he finished far ahead of the rest of the pack–the second highest exam only received 86 points which incidentally was more than enough to clear this PhD requirement. The Committee failed two students and four students passed the exam for the M.A. degree. Milton Friedman appears to have been the toughest grader of the three members of the Committee.

_____________________________________

Economic Theory Examination Committee:
M. Friedman, chairman; F. H. Knight; D. G. Johnson.

There were 13 examinees for Economic Theory I. These included Zvi Griliches (who incidentally blew the top off the curve according to Friedman’s grades) and Walter Oi.

Griliches Interview with Alan Krueger and Timothy Taylor from June 21, 1999.
Memorial blogpost for Walter Oi by Steve Landsburg on December 26, 2013

There were 2 examinees for Economic Theory II.

_____________________________________

Previously transcribed and posted Preliminary and Field Exams
from the graduate program of the University of Chicago

Economic Theory I and II. Summer 1949
Economic Theory I and II. Summer 1951
Economic Theory I and II. Summer 1952
Economic Theory I. Summer 1955
Economic Theory I and II. Winter 1955
Money and Banking. Summer 1956
Economic Theory. Winter 1957
Money and Banking. Summer 1959
Economic Theory (Old Rules). Summer 1960
Price Theory. Winter 1964
Income, Employment and Price Level. Summer 1967
Money and Banking. Summer 1967
Price Theory. Winter 1969
Income, Employment, Price Level. Winter 1969
Money and Banking. Winter 1969
International Trade. Winter 1970
History of Economic Thought. Summer 1974
Price Theory. Summer 1975
Industrial Organization. Spring 1977
History of Economic Thought. Summer 1989

_____________________________________

Economic Theory I
Preliminary Examination
Winter, 1955
[Milton Friedman’s answers in square brackets]

Time: 4 hours.

Write your number and not your name on your examination paper. Please be brief in your replies.

(30 points) Indicate whether each of the following statements is True, False, or Uncertain and justify your answer briefly.
1. [False] Production of a commodity occurs under conditions of fixed proportions. The supply curve for A shifts to the right. It is to the advantage of the owners of A that expenditure on A shall have represented a small part of total costs.
2. [False] A firm will not carry on production at a given level of output, if one factor exhibits increasing average returns at that output level.
3. [appears to be False with True crossed out] When a firm is in equilibrium, the ratio of the price of a factor to the marginal physical product of the factor determines the marginal cost of production.
4. [True or Uncertain] If the demand for output is perfectly elastic, a decline in the price of factor A will always increase the demand for factor B unless A and B are perfect substitutes (only two factors employed).
5. [True] If the demand for output is less than perfectly elastic, a decline in the price of A may either increase or decrease the demand for factor B.
6. [False] If a monopsonist is not a monopolist, it is possible to construct the monopsonist’s demand curve for a factor.
7. [False] If all the factors used by a firm are paid the value of their marginal products, the sum of the payments will equal the total receipts of the firm.
8. [False] If all factors are paid the value of their marginal products, it would not be possible to increase total real output of the economy by any change in the allocation of factors.
(15 points) In an article on the British tobacco industry, the Economist remarked:
“Since 1938 the industry has had to contend with a sixfold rise in the standard rate of tobacco duty, and a three- to fourfold increase in the average cost of its principal raw material—this includes the higher cost of dollar leaf bought since sterling devaluation. All eight duty increases have been automatically passed on to the smoker, but if duty is left out of account the increase in cigarette prices since 1938 has been no more than about 85 per cent.”
What do you take “passed on” to mean in this sentence? What is its relation to the economic concept of “incidence”? What inference, if any, would you draw about the latter?
(20 points) Assuming that a monopolist always fixes price so as to maximize profits, can the price of a commodity ever be lower when it is monopolized than when it is competitively produced?
(30 points) Trace the development of the theory of consumer choice. Include in your answer an explanation of (a) the meaning attached by Smith to “effectual demand”, (b) the role assigned by Ricardo to demand in determining prices; (c) Jevons “the final degree of utility determines price”; (d) the contribution of Edgeworth, Fisher, and Pareto.
(20 points) It is widely asserted that workers have less “bargaining power” than employers because there are more workers than employers. Discuss.
(25 points) Discuss the following concepts (a) the “postponement” of consumption said to be involved in saving and investment, (b) “abstinence”, (c) “time preference”, (d) the “marginal efficiency of investment”, (e) the “marginal efficiency of capital”.
(45 points) For each of the following methods of financing radio and television programs, indicate how the resulting structure of programs differs from the optimum: and under what conditions, if any, it would be an optimum. In interpreting “optimum”, assume that the only consideration is direct private benefit from the programs; neglect distributional effects, i.e., treat it as a purely allocative problem; and assume that there are no such public issues involved as “education” or “indoctrination”. On the technical side, assume throughout that there are a narrowly limited total number of frequencies or channels available in any one area. Make your answer as definite as possible in terms of the kind of people whose tastes are or are not catered to appropriately, the kinds of programs that are too numerous or too sparse, etc. In answering the question, assume throughout that it is possible without cost to know exactly the number and kind of people who listen to each program.
1. The existing U.S. method of selling time to advertisers.
2. Imposition of an annual license tax or fee on each set; auctioning off of time to private program producers; compensation of these producers by giving to each a share of the total tax collection equal to the fraction of total listener time devoted to his programs. Assume that advertising is forbidden.
3. Some mechanical method whereby a subscriber can receive a particular program only if he pays through a coin-box arrangement for that particular program. The programs are to be provided by private producers who receive the payments, who buy time on the stations, as in the preceding case, and who can determine the amount charged for the programs they produce. Once again, assume that advertising is forbidden.

ECONOMIC THEORY II
Preliminary Examination
WINTER 1955

Time: 2½ hours.

Note: Write only your number, not your name, on your examination paper.

Answer question 1, and two others.

Using the Table below, explain the variations in the real income, the price level, the velocity of circulation, the government and private investment, the rate of unemployment, the ratio of savings to income, and whatever else you consider significant.

TABLE

The following figures are based on the Economic Report to the President, 1955.
Note: (a) All figures except those for item A are expressed as percentages of the corresponding 1937 figure; (b) item F is defined to be equal to “gross private domestic investment” plus “government purchase of goods and services” plus“net foreign investment”, all in 1947 prices.

	1929	1933	1937	1941	1945	1949	1953
A. Unemployment as percentage of civilian labor force	3.2	24.9	14.3	9.9	1.9	5.0	2.5
B. Civilian employment	103	84	100	109	114	127	134
C. Demand deposits and currency (non-deflated)	89	67	100	164	346	376	441
D. National income (non-deflated)	119	55	100	142	246	294	414
E. Consumer price index	119	90	100	102	125	166	186
F. Gross national product less consumption (in 1947 prices)	100	41	100	160	281	165	262
G. D/C	134	82	100	87	71	78	94
H. D/E	100	61	100	139	197	178	222
I. H/B	97	72	100	128	172	140	166
J. F/H	100	67	100	115	146	93	118

It is often said that the U.S. economy is less likely to suffer a severe depression today than it was twenty or thirty years ago. List and discuss major changes which have taken place which bear on this statement.
Suppose the tax on capital income (dividends, interest) is increased. What will be the effect on the demand for cash if the tax proceeds are spent on: (a) aid to foreign countries; (b) federal contribution to medical aid in the United States.
In the Confederate States, the ratio of bank reserves to deposits grew rapidly during 1862-64. This ratio also grew in the period 1933-37 in the Unites States. Explain these phenomena. Evaluate the action taken by the Governors of the Federal Reserve Board in 1936 and 1937, when they raised the required minimum reserve ratio.
The stock of money (currency and demand deposits) per capita was about 800 dollars in June 1953 as against about 100 dollars in June 1910. Explain the increase.

Source: Hoover Institution Archives. Milton Friedman Papers. Box 76. Folder 2 “University of Chicago, Economic Theory”.

Image Source: Zvi Griliches. University of Chicago Photographic Archive, apf1-06565, Special Collections Research Center, University of Chicago Library.

Tags Friedman, Griliches, JohnsonDG, Knight, Oi

Named in the Instructional Budget, 1944-45

The University of Chicago Budget and Appointment Recommendations 1944-45

Division of the Social Sciences Department of Economics

Instructional Budget Account

Items requiring no change in rank or salary

Professor Jacob Viner

Professor T. W. Schultz

Professor Jacob Marschak

Professor Paul H. Douglas

Assistant Professor Frederick H. Harbison

Associate Professor Lloyd W. Mints

Associate Professor Henry C. Simons

Instructor H. Gregg Lewis

Lecturer Robert K. Burns

Professor Frank H. Knight

Professor John U. Nef

Professor Oscar Lange

Professor Simeon E. Leland

Professor Chester W. Wright

Instructor Henry S. Bloch

Visiting Professor D. H. Buchanan

Research Associate Gale Johnson

Lecturer John K. Langum

Professor Maynard C. Krueger

Assistant Prof. Gerhard E.O. Meyer

Instructor/Dean of Students Christine McGuire Masserman

Instructor C. H. Masserman

1913-14

1914-1915

1915-1916

1916-1917

George Rogers Taylor Life and Career

DEPARTMENT OF ECONOMICS Officers of Instruction

Introductory

THE ECONOMICS RESEARCH CENTER

Projects and Staffs of Research Groups, 1955-56

FELLOWSHIPS, SCHOLARSHIPS, AND RESEARCH ASSISTANTSHIPS

ADVANCED DEGREES

THE DEGREE OF MASTER OF ARTS

THE DEGREE OF DOCTOR OF PHILOSOPHY

SUMMER PROGRAM FOR COLLEGE TEACHERS OF ECONOMICS

Courses of Instruction

INTERMEDIATE COURSES

ADVANCED COURSES

List of Patinkin’s copy request for Chicago Ph.D. theses

The University of Chicago Chicago, Illinois 60637

The University of Chicago Chicago, Illinois 60637

POLITICAL ECONOMY, SOCIOLOGY, BUSINESS ADMINISTRATION

THE GRADUATE SCHOOL OF ARTS AND SCIENCES

APPLICATION FOR ADMISSION TO CANDIDACY FOR A DEGREE IN ARTS OR PHILOSOPHY

HARVARD UNIVERSITY THE GRADUATE SCHOOL OF ARTS AND SCIENCES

Application for Admission to Candidacy for a Degree in Arts or Philosophy

THE STATE UNIVERSITY OF IOWA IOWA CITY

TRANSCRIPT OF RECORD

of Edw. Hastings Chamberlin College Liberal Arts

Secondary Credits Accepted from Iowa City, Iowa

1916-17

1917-18

1918-19

1919-20

Summer Session 1920

Summer Session 1921

UNIVERSITY OF MICHIGAN ANN ARBOR

GRADUATE SCHOOL OFFICE OF THE DEAN [Transcript of courses taken by Edward H. Chamberlin]

First Semester, 1920-21

Second Semester, 1920-21

First Semester, 1921-21

Second Semester, 1921-22

Carbon Copy of Reply to Chamberlin’s Application of 11 April 1922

ALTERNATIVE DEPARTMENTAL MASTER’S DEGREE [1950-51 regulations]

ECONOMIC COURSES LISTED IN THE LEWIS MEMO (29 Sept 1950) AND INCLUDED IN THE DEPARTMENTAL MINUTES (2 Nov 1950)

MINUTES Meeting of the Department

Copy of memo from Leon Carroll Marshall

THE UNIVERSITY OF CHICAGO Department of Economics

Response from Jacob Viner

The University of Chicago Department of Political Economy

Response from Paul Howard Douglas

The University of Chicago The School of Commerce and Administration

Response from Lloyd Wynn Mints

The University of Chicago The School of Commerce and Administration

The University of Chicago
Budget and Appointment Recommendations
1944-45

Division of the Social Sciences
Department of Economics

Items requiring no change
in rank or salary

George Rogers Taylor
Life and Career

DEPARTMENT OF ECONOMICS
Officers of Instruction

FELLOWSHIPS, SCHOLARSHIPS,
AND RESEARCH ASSISTANTSHIPS

SUMMER PROGRAM
FOR COLLEGE TEACHERS OF ECONOMICS

The University of Chicago
Chicago, Illinois 60637

The University of Chicago
Chicago, Illinois 60637

POLITICAL ECONOMY, SOCIOLOGY,
BUSINESS ADMINISTRATION

THE GRADUATE SCHOOL OF
ARTS AND SCIENCES

HARVARD UNIVERSITY
THE GRADUATE SCHOOL OF ARTS AND SCIENCES

THE STATE UNIVERSITY OF IOWA
IOWA CITY

of Edw. Hastings Chamberlin
College Liberal Arts

UNIVERSITY OF MICHIGAN
ANN ARBOR

GRADUATE SCHOOL
OFFICE OF THE DEAN
[Transcript of courses taken
by Edward H. Chamberlin]

ALTERNATIVE DEPARTMENTAL MASTER’S DEGREE
[1950-51 regulations]

MINUTES
Meeting of the Department

Copy of memo from
Leon Carroll Marshall

THE UNIVERSITY OF CHICAGO
Department of Economics

Response from
Jacob Viner

The University of Chicago
Department of Political Economy

Response from
Paul Howard Douglas

The University of Chicago
The School of Commerce and Administration

Response from
Lloyd Wynn Mints

The University of Chicago
The School of Commerce and Administration

Response from
Harry Alvin Millis

Response from
Chester Whitney Wright

The University of Chicago
The Department of Political Economy

Response from
James Alfred Field

Response from
William Homer Spencer

The University of Chicago
The School of Commerce and Administration
Office of the Dean

Economic Theory Examination Committee:
M. Friedman, chairman; F. H. Knight; D. G. Johnson.

Previously transcribed and posted Preliminary and Field Exams
from the graduate program of the University of Chicago

Economic Theory I
Preliminary Examination
Winter, 1955
[Milton Friedman’s answers in square brackets]

ECONOMIC THEORY II
Preliminary Examination
WINTER 1955