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Computing Economics Programs Faculty Regulations Fields Harvard

Harvard. Discussed at Faculty Meeting. Computer Access and “Mathematical Economics and Econometrics” as Optional Field, 1959

 

Notes from a faculty meeting in my experience are more often a list of items, resolutions, motions, and votes than a narrative of the actual discussion. The transcribed notes in this post come from a 1959 Harvard economics faculty meeting that had two items on the agenda. The first was John R. Meyer’s report on how to manage graduate student computing needs if the department were to lose access to IBM-650 services. The second discussion was a continuation of a debate in the department whether a new Ph.D. oral examination field “Mathematical Economics and Econometrics” should be introduced (plot spoiler: the resolution was tabled, at least for the time being).

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Economics Faculty Meeting Minutes
December 8, 1959

The Department of Economics met on Tuesday evening, December 8 [1959] at the Faculty Club. Those present: Messrs. Bergson, Chamberlin, Dorfman, Dunlop, Gerschenkron, Leontief, Mason, J. R. Meyer, Smithies (Chairman), Taylor, Black, McKie, Artle, Erbe, Daniere, Gill, Lefeber, Anderson, Baer, Gustafson, Hughes, Jones, Kauffman, Wilkinson, Mrs. Gilboy, and Miss Berman.

Abandonment of IBM-650

Professor John Meyer explained that with cheaper time available on newer computers within and outside the University the market for IBM-650 services is waning. A deficit on operations can be expected within a few months, and it will, therefore, be impossible to retain the machine. The problem the Department now faces is that of making available to students a computer training device comparable to the 650. The Harvard Univac can serve this purpose well although it is likely to disappear in the near future through the competition of better machines.

Professor Smithies called the attention of the meeting to two further effects of withdrawing the IBM-650:

(a) Students without outside financing will not, as in the past, be able to solve their problems by making use of free 650 time.

(b) It will no longer be possible to handle problems requiring a succession for short programs with some elements of trial and error; every program will have to be handed to an operator and the results, good or bad, will not be available until days later.

Both Professor Dorfman and Meyer vouched that, even under these impediments, the cost of most computations would be far lower through such a machine as the 704 than with the 650.

With respect to student training and student problem financing, Professor Leontief expressed the opinion that if scientific departments at Harvard can receive funds for the purchase of materials and equipment needed in the training of their students the Administration should certainly be ready to offer similar help in the social sciences. After hearing from Professor Meyer that the Dean’s offices had not been particularly responsive to this suggestion, Professor Leontief suggested than an arrangement could be entered with IBM by which we could contract at a discount for a large block of 705 time at their Cambridge Street laboratory with the understanding that we would sell some of the time to financially able Harvard users and utilize the remainder for training and computing students’ problems.

Professor Meyer agreed that this might become feasible in the near future when, with the appearance of an IBM-709 at the Smithsonian Institute and other 704’s in the neighborhood, IBM may face a buyers’ market. His proposal for the time being was to turn to Univac while it is still on our premises and to divert some of the departmental contributions now going to the support of the Littauer Laboratory to subsidize student training and to some extent student problems on the 704.

 

Introduction of a field labeled “Mathematical Economics and Econometrics” as an optional field for the oral Ph.D. examination

Professor Dorfman reintroduced his motion that “a field called ‘Mathematical Economics and Econometrics’ be one of the optional fields for the Ph.D. examination.” He recalled his previous arguments, i.e., that both Mathematical Economics and Econometrics become legitimate specialties in the general field of economics with a literature sufficiently abundant and specialized that a student well versed in economic theory and statistics will not generally know the former fields and that no student can become thoroughly familiar with them in his two years of graduate work unless his load is otherwise reduced. The substance of the proposed examination would be the literature in which relatively advanced methods of mathematical analysis are applied to economic theory and advanced methods of statistical analysis are applied to the processing of data relevant to economic problems.

The discussion centered around two objections: (1) to the extent that proficiency in economic theory is a prerequisite to mathematical economics and that an advance knowledge of statistics is required in econometrics, students who are examined in both the new field and one or both of the older fields of theory and statistics will obtain double credit for what is a single specialization and (2) an essential requirement of our Ph.D. is breadth of preparation in economics. As it is, nothing under the motion would prevent a student from presenting the following five fields: theory, statistics, mathematical economics and econometrics, mathematics and history. This clearly represents a narrow preparation and cannot be acceptable under our standards. The second objection, voiced most effectively by Professor Dunlop, was immediately recognized as valid, and Professor Dorfman amended his motion to include the condition that mathematics could not be presented jointly with the new field. He insisted, however, that students offering mathematical economics and econometrics are of such a type that, even without the amendment, they would not have taken advantage of the mathematics loophole. Their insistence on a mathematics examination is based entirely on the recognition that they cannot become proficient in their specialty while carrying in addition the same load as their colleagues.

Three different suggestions were offered as alternatives to the proposed motion.

(1) Professor Dunlop accepted the introduction of the new field as long as examinations in any or all of the three fields of theory, statistics, and mathematical economics and econometrics would not count toward more than two of the five fields required.

(2) Professor Chamberlin did not change the present field listing but proposed that a student could by previous arrangement ask to be examined in theory with emphasis on mathematical analysis, the requirements be correspondingly milder with respect to traditional theory and history of thought.

(3) Professor Bergson offered a variation of Professor Chamberlin’s proposal pointing out that, even without the introduction of mathematical analysis, economic theory is now a broad and somewhat ill-defined field so that, in order to better test the students’ analytical scale, fields of concentration should perhaps be agreed upon before the Ph.D. examination. He also emphasized that students do not after all stop learning after their oral examination and that since a student proficient in mathematics can be expected to make use of mathematical techniques in his thesis work the special examination might be the best time to test him on his ability in this field.

Professor Leontief injected a fatalistic note indicating that the problem will solve itself in the future as more and more students join the graduate school with a mathematical preparation such that the theory courses can make use of mathematical tools. For the present it would be unfortunate to have students neglect economic theory for the purpose of acquiring mathematical proficiency. We should, however, provide adequate training facilities for those who because of superior ability or previous preparation can benefit from courses in mathematical economics and, to the extent that recognition may be helpful, include a mention of their special skill in their records.

In view of the lack of agreement evidenced by the meeting, Professor Dunlop asked that the motion be tabled. All were in favor.

Andre Daniere
Secretary

Dictated 12/14/59

 

Source:  Harvard University Archives. Department of Economics Correspondence and Papers, 1930-1961 and some earlier. (UAV349.11), Box 13.

Image Source: Harvard Faculty Club from JDeQ’s August 2, 2013  blog entry “Dinner at the Harvard Faculty Club“.

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Exam Questions Harvard Suggested Reading Syllabus

Harvard. Applied Economic Analysis, Readings and Exams. Smithies and Baldwin, 1956-57

For a course that promises applied economic analysis, the content  for the 1956-57 course taught by Arthur Smithies and  Robert Baldwin appears to have been about 2/3 analysis and 1/3 “application”.

The course materials from the previous year (taught by James Duesenberry) have been posted earlier at: 

Applied Economic Analysis, 1955-56.

________________________

Course Enrollment

[Economics] 106. Applied Economic Analysis. Professor Smithies and Assistant Professor Baldwin. Full course.

(F) Total 45: 2 Other Graduates, 36 Seniors, 6 Juniors, 1 Other.
(S) Total 43: 1 Other Graduate, 36 Seniors, 6 Juniors.

Source: Harvard University. Report of the President of Harvard College 1956-57, p. 68.

________________________

HARVARD UNIVERSITY
Department of Economics

Economics 106
Reading List, Fall 1956

  1. Economic Analysis and Public Policy

F. H. Knight, “Economic Objectives in a Changing World,” Economics and Public Policy, The Brookings Institution, 1955.

A. Smithies, “Economic Welfare and Policy,” Ibid.

  1. The Ricardian System

David Ricardo, Principles of Political Economy, Chs. 2-6, 21.

W. J. Baumol, Economic Dynamics, Ch. 2.

Suggested:

Ricardo, Chs. 1, 31

G. J. Stigler, “The Ricardian Theory of Value and Distribution,” The Journal of Political Economy, LX, 3 (June 1952).

J. S. Mill, Principles of Political Economy, Bk. 3, Ch. 6 and 14;

Mimeographed paper on Smith and Ricardo*

  1. Marxian Dynamics

Karl Marx, A Contribution to the Critique of Political Economy, Preface.

M. M. Bober, Karl Marx’s Interpretation of History, Chs. 1-3, 9-13.

Suggested:

Joan Robinson, An Essay on Marxian Economics.

P. Sweezy, The Theory of Capitalist Development, Chs. 4-6, 8, 9,

J. A. Schumpeter, Capitalism, Socialism, and Democracy, Part I.

Mimeographed paper on Marx*

  1. The Neo-classical System

L. Walras, Elements of Pure Economics, Part I.

G. Cassel, The Theory of Social Economy, Ch. 4

W. S. Jevons, The Theory of Political Economy, Introduction.

Suggested:

E. Phelps Brown, Framework of the Pricing System

  1. The Schumpeterian System

J. A. Schumpeter, Business Cycles, Vol. I, Chs. 3, 4.

J. A. Schumpeter, Capitalism, Socialism, and Democracy, Part II

Suggested:

J. A. Schumpeter, The Theory of Economic Development.

Mimeographed paper on Schumpeter*.

  1. Keynesian Economics

J. M. Keynes, The General Theory of Employment, Interest, and Money, Ch. 19.

D. Dillard, The Economics of J. M. Keynes, Chs. 2, 3.

A. Hansen, Business Cycles and National Income, Part II

Suggested:

A. Hansen, A Guide to Keynes

J. M. Keynes, The General Theory of Employment, Interest, and Money.

  1. Post-Keynesian Growth Theorists

E. Domar, “Expansion and Employment,” American Economic Review, March 1947.

W. Baumol, op. cit., Ch. 4

Suggested:

R. Harrod, Towards a Dynamic Economics, Ch. 3.

D. Hamberg, Economic Growth and Instability, Ch. 2, 3

*Available in Lamont and Littauer Libraries.

Source: Harvard University Archives. Syllabi, course outlines and reading lists in Economics, 1895-2003. Box 6, Folder: “Economics, 1956-1957 (2 of 2).

________________________

1956-57
HARVARD UNIVERSITY

Economics 106
Fall 1956
Final Examination

Part I
(30 Minutes)
Answer the following question.

  1. Discuss the concept of steady growth in the Post-Keynesian models. Do you consider that steady growth is attainable or desirable?

Part II
(One Hour)
Answer the following question.

  1. Ricardo, Marx, Schumpeter and Keynes all predicted that the capitalist system would either break down or arrive at a stationary state. Compare and contrast these theories. What light does your answer to Question 1 throw on their validity?

Part III
(One Hour and A Half)
Answer TWO questions.

  1. Is there an economic basis for the notion of an optimum distribution of income in (a) a stationary and (b) a developing economy. What economic factors would you consider in defining such a concept?
  2. Keynes produced a theory of involuntary unemployment. How does involuntary unemployment occur in his system and to what extent does his theory constitute a revolution in economic thinking?
  3. Discuss the concepts of profits in the various theories you have studied. In the light of these theories do you consider profits to be pure surpluses or rewards to factors of production?

Source: Harvard University Archives. Final examinations, 1853-2001. Box 25, Volume: Papers Printed for Final Examinations [in] History, History of Religions, …, Economics, …, Naval Science, Air Science, January 1957.

________________________

Harvard University
Department of Economics

Economics 106
[Spring term, 1956-57]

Part I Aggregative Theories (continued from 1st term)

  1. Post-Keynesian Growth Theorists

Domar, E., “Expansion and Employment,” American Economic Review, March 1947.

W. Baumol, Economic Dynamics, Ch. 4

Suggested:

R. Harrod, Towards a Dynamic Economics, Ch. 3.

D. Hamberg, Economic Growth and Instability, Ch. 2, 3

Smithies, A., “Economic Fluctuations and Growth,” Econometrica, January 1957.

Part II Public Policy and Economic Goals

  1. Full Employment and Price Level Stability

    1. General

Maxwell, Fiscal Policy

    1. Policy Approaches

Simons, Economic Policy for a Free Society, Ch. 7.

Committee for Economic Development, “Taxes and the Budget: A Program for Prosperity in a Free Economy,” Readings in Fiscal Policy, Number 23, American Economic Association.

United Nations, National and International Measures for Full Employment, 73-87.

Beveridge, Full Employment in a Free Society, Part IV.

Lerner, Economics of Control, Ch. 24.

Clark, “Criteria of Sound Wage Adjustment, with Emphasis on the Question of Inflationary Effects,” Impact of the Union, Ch. 1, Wright (ed.)

[Note: page 2 of the syllabus is missing, cf. Baldwin’s Spring Term 1956, Economics 206. Missing part B almost certainly included “Equitable Income Distribution” and “Efficient Resource Allocation”]

  1. Continued Growth

Fellner, Trends and Cycles in Economic Activity, Chapters 8 and 9.

Davis, “Economic Potentials of the United States,” Lekachman (ed.), National Policy for Economic Welfare at Home and Abroad.

Wright, Democracy and Progress, Chapters 5-7 and 12.

Hansen, “Growth or Stagnation in the American Economy,” Review of Economics and Statistics, November 1954.

Slichter, “How Big in 1980?” Atlantic Monthly, November 1949.

Hennipman, “Monopoly: Impediment or Stimulus to Economic Progress,” Monopoly and Competition and Their Regulation, Chamberlin (ed.).

Lange, On the Economic Theory of Socialism, 98-120.

  1. International Equilibrium

Snider, Introduction to International Economics, Ch. 11.

Thorp, Trade, Aid, or What?, Chapters 1 and 2.

Humphrey, American Imports, Chapter 24.

  1. General

Tinbergen, J., Economic Policy: Principles and Design.

Source: Harvard University Archives. Syllabi, course outlines and reading lists in Economics, 1895-2003. Box 6, Folder: “Economics, 1956-1957 (2 of 2).

________________________

1956-57
HARVARD UNIVERSITY
Department of Economics

Economics 106
Applied Economic Analysis
Final Examination

ANSWER FIVE (5) OF THE FOLLOWING SIX QUESTIONS.

  1. Contrast the Domar-Harrod and neo-classical analyses of the problem of maintaining full-employment growth.
  2. What policy tools are available to control the level of aggregate demand in the American economy? Outline the policy program you would recommend in a depression.
  3. “There has recently been a tendency, I believe, to exaggerate the effectiveness of monetary policy and to gloss over its weaknesses.” Discuss.
  4. Discuss the policy proposals of the “dynamic competition” group (Schumpeterians) and the “guided capitalism” group (Keynesians) with regard to the problem of maintaining satisfactory growth.
  5. What were the major causes of the post-war balance of payments difficulties for Europe? What measures were taken in an effort to cure the problem?
  6. Discuss the advantages and disadvantages of the “structure” versus the “performance” criteria of anti-trust policy.

Source: Harvard University Archives. Final examinations, 1853-2001. Volume 113 (HUC 7000.28) Final Exams—Social Sciences—June 1957: Papers Printed for Final Examinations [in] History, History of Religions, …, Economics, …, Naval Science, Air Science, June 1957.

Image Sources:  (Left) John Simon Guggenheim Memorial Foundation website. Arthur Smithies (1955 Fellow); (Right) Robert Baldwin from Selection from photograph (ca. 1975) of Robert E. Baldwin from the University of Wisconsin Archives/The University of Wisconsin Collection/The UW-Madison Collection/UW-Madison Archives Images.

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Exam Questions Harvard Policy

Harvard. Exams for Economic Analysis and Public Policy. Smithies, 1949-1950

Arthur Smithies’ 1949-50 graduate course “Economic Analysis and Public Policy” was the subject of an earlier post. There I transcribed the course syllabus, provided enrollment figures, and added the Harvard Crimson’s 1981 obituary for him.

Several years after that post, I was able to copy the course examinations during a research visit to the Harvard University archives. Transcriptions of those exams are included below.

_________________________

1949-50
HARVARD UNIVERSITY

ECONOMICS 206
ECONOMIC ANALYSIS AND PUBLIC POLICY
[Mid-year Examination, January 1950]

(Three Hours)

Answer all questions.

  1. Characterize various types of economic organization according to the degree of central planning and control and the methods by which control is exercised.
  2. Discuss the wage-price question that seems to confront most private enterprise economies. Is a wage-price spiral inherent in a full employment economy? Could it be eliminated by allowing a sufficiently large pool of unemployment? Are compulsory and widespread wage and price controls consistent with democratic government?
  3. Compare the relative merits of a free price system and a controlled price system from the point of view of optimum allocation of resources and optimum rate of economic progress. What, if anything, is meant by these terms?
  4. Define the multiplier with numerical illustrations.
  5. From your reading of the Reports of the Council of Economic Advisers, what do you conclude about the type of stabilization policy they favor?

Source: Harvard University Archives. Harvard University Final Examinations, 1853-2001. Box 27. Papers Printed for Final Examinations [in] History, History of Religions, …, Economics, …, Military Science, Naval Science, February 1950.

_________________________

1949-50
HARVARD UNIVERSITY

ECONOMICS 206
[Final Examination, June 1950]

  1. Discuss Schumpeter’s concept of the entrepreneur and innovation from the point of view of its value (a) in explaining capitalistic development in the past, (b) in explaining the present in the U.S.
  2. Discuss “functional finance” from the point of view of its feasibility and desirability as a guide to policy in the U.S. How do you think Marshall, Schumpeter, the Council of Economic Advisers, and the Anti-Trust Division would react to Lerner’s ideas?
  3. Is there a monopoly problem in the U.S.? If so, what ought to be done about it?
  4. The statement was made in class that the more we know about the operation of the economy the more difficult it becomes to operate it. How much nonsense and how much truth is there to this statement?

Source: Harvard University Archives. Harvard University Final Examinations, 1853-2001. Box 27. Papers Printed for Final Examinations [in] History, History of Religions, …, Economics, …, Military Science, Naval Science, June 1950.

Image Source: Arthur Smithies, Harvard Album 1952.

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Harvard Suggested Reading Syllabus Undergraduate

Harvard. Junior tutorials in economics. Smithies and Chamberlin, 1960-61

 

The previous post is a Harvard Crimson article that reported on a major re-evaluation of the undergraduate economics program in 1959. The place of the junior tutorial was described as follows:

“The analytic material ejected from Ec. 1 has found refuge in Sophomore tutorial, while Ec. 98 (Junior tutorial) although heavily biased towards the empirical is the only course in the Department offering an overall view of the field.”

_____________________________

Course Enrollments

[Economics] 98a Tutorial for Credit—Junior Year. Professor Smithies. Half course, Fall.

Total 65: 11 Seniors, 48 Juniors, 2 Sophomores, 4 Radcliffe.

[Economics] 98b Tutorial for Credit—Junior Year. Professor Chamberlin. Half course, Spring.

Total 61: 13 Seniors, 46 Juniors, 2 Radcliffe.

Source: Harvard University. Report of the President of Harvard College, 1960-61. Page 75.

_____________________________

HARVARD UNIVERSITY
Department of Economics
Fall 1960

Economics 98a
MACROECONOMICS
Professor Smithies

Reading List

  1. The English Classical System

Adam Smith, An Inquiry into the Nature and Causes of the Wealth of Nations, Book I, chs. 1, 2, 3; Book II; Book IV, chs. 1, 3, 8.

David Ricardo, Principles of Political Economy, chs. 2-6, 21.

W. J. Baumol, Economic Dynamics, ch. 2.

Malthus, T. R., An Essay on the Principle of Population (1st & 2nd editions), Macmillan, London, 1914.

Malthus, T. R., Principles of Political Economy, Book II, ch. I, “On the Process of Wealth.”

  1. Marxian Dynamics

M.M. Bober, Karl Marx’s Interpretation of History, chs. 1-3 and 9-13.

P. Sweezy, The Theory of Capitalist Development, chs. 4-6, 8, 9.

Suggested:

Joan Robinson, An Essay on Marxian Economics.

J. A. Schumpeter, Capitalism, Socialism, and Democracy, Part I.

  1. The Neo-Classical School and the Schumpeterian System

J. A. Schumpeter, The Theory of Economic Development.

____________, Business Cycles, Vol. I, chs. 3, 4.

____________, Capitalism, Socialism, and Democracy, Part II.

A. Marshall, Principles of Economics, Book VI, chs. 12, 13, Appendixes A, C, D.

Suggested:

A. A. Young, “Increasing Returns and Economic Progress,” Economic Journal, December 1928, reprinted in R. V. Clemence (ed.) Readings in Economic Analysis, Vol. 1.

R. Solow, “A Contribution to the Theory of Economic Growth,” QJE, Feb. 1956.

A. Smithies, “Productivity, Real Wages, and Economic Growth,” QJE, May 1960.

  1. Keynesian Economics.

J. M. Keynes, The General Theory of Employment, Interest, and Money, chs. 3, 19, 22-24.

A. Hansen, Monetary Theory and Fiscal Policy, chs. 3-6.

L. Klein, The Keynesian Revolution, ch. 3.

Suggested:

Income, Employment and Public Policy, “Essays in Honor of Alvin H. Hansen”, chs. 1, 5, 6.

S. E. Harris (ed.), The New Economics, chs. 39, 40.

  1. Business Cycles.

A.H. Hansen, Business Cycles and National Income, chs. 11-24.

Tinbergen and Polak, The Dynamics of Business Cycles, ch. 13.

  1. Business Cycles and Economic Growth.

E. Domar, “Expansion and Employment,” American Economic Review, March 1947, also reprinted in Essays in the Theory of Economic Growth, ch. IV.

A. Smithies, “Economic Fluctuations and Growth,” Econometrica, January 1957.

Wm. Fellner, “The Capital-Output Ratio in Dynamic Economics,” in Money, Trade, and Economic Growth (Essays in Honor of J. H. Williams).

  1. Inflation.

Bernstein and Patel, “Inflation in Relation to Economic Development,” International Monetary Fund, Staff Papers, Nov. 1952.

Kenneth K. Kurihara, Post-Keynesian Economics, ch. 2.

Staff Report on Employment, Growth, and Price Levels, Joint Economic Committee, Congress of the U.S., December 24, 1959, ch. 5.

  1. Economic Analysis and Economic Policy.

J. Tinbergen, Economic Policy: Principles and Design, chs. 1, 2, 3.

Source: Harvard University Archives. Syllabi, course outlines and reading lists in economics, 1895-2003. Box 7, Folder “Economics, 1960-1961 (1 of 2)”.

_____________________________

HARVARD UNIVERSITY
Department of Economics

Economics 98b
MICROECONOMICS
Spring 1961

Professor Chamberlin

Week of Tuesday

Feb. 7

Markets, Perfect and Imperfect

Chamberlin, Monopolistic Competition, Chapter II, including note on Deviation from Equilibrium.

Feb. 14, 21

General Relations of Demand, Supply, Cost and Value

Marshall, Principles, Book V, Chapters 1-11, Appendix H.

Robinson, Joan, “Rising Supply Price,” Economica, New Series VIII, (1941). (Also in AEA Readings in Price Theory, Vol. VI, and in Robinson, Joan, Collected Economic papers).

Feb. 28

The Production Function and the Cost Curve of the Firm

(No lecture)

Boulding, Economic Analysis, Third Edition, chapters 28, 34, or revised edition, Chapters 24, 31 to p. 698.

Monopolistic Competition, 6th or 7th edition, Appendix B. (Also in Towards a More General Theory of Value, Essay 9.)

Mar. 7, 14

General Analysis of Monopolistic Competition. Product Differentiation. The Group

Monopolistic Competition, Chapters 1, 4, 5, 9.

Chamberlin, “Monopolistic Competition Revisited,” Towards a More General Theory of Value, Essay 3.

Robinson, Joan, Imperfect Competition, Foreword, Introduction, Chapters 1, 2.

Triffin, Monopolistic Competition and General Equilibrium Theory, pp. 78-89.

Mar. 21

Oligopoly

Monopolistic Competition, Chapter 3, Appendix A.

Fellner, Competition Among the Few, Chapter 1.

Arant, Willard, “Competition of the Few Among the Many,” QJE, 70:327 (1956).

Clark, J.M., “Toward a Concept of Workable Competition,” AER, 1940. (Also in AEA Readings in Price Theory)

Suggested: Fellner, further chapters.

Mar. 28

Nonprice Competition

“The Product as an Economic Variable,” Towards a More General Theory of Value, Essay 6.

Monopolistic Competition, Appendix C, Chapters 6, 7.

Apr. 2-9

SPRING VACATION

Apr. 11, 18, 25,
May 2

Microincome Theory, Wages, Exploitation, Collective Bargaining
Hicks, The Theory of Wages, Chapters 1, 2, 4.

Robertson, “Wage Grumbles,” Readings in Income Distribution, No. 12.

Robinson, Imperfect Competition, Chapter 25.

Monopolistic Competition, (5th or later edition), Chapter 8; pp. 215-18.

Chamberlin, “Monopoly Power of Labor,” Towards a More General Theory of Value, Essay 12.

Dunlop, “Wage Policies of Trade Unions,” Readings, No. 19.

Source: Harvard University Archives. Syllabi, course outlines and reading lists in economics, 1895-2003. Box 7, Folder “Economics, 1960-1961 (2 of 2)”.

 _____________________________

ECONOMICS 98b—PAPER
[Spring 1961]
Due any time, but not later than May 9.

The purpose of this paper is to give an opportunity for a bit of “theorizing” of your own. The paper may be either constructive or critical, but the emphasis should be on your own contribution, rather than on developing the subject more generally, or expounding it mainly in terms of the ideas and views of others.

The ideal subject would be chosen by yourself—either an adverse reaction to, or further development of: something said in lectures, in the assigned or related reading, or in tutorial discussions. A rounded treatment or essay on the subject is not desired—rather something in the nature of a “Note” (say for the Quarterly Journal), which would either present an idea of its own or criticize one which has been presented by someone else. (A good illustration of this latter is Essay 13 in Towards a More General Theory of Value.) Brevity is therefore desirable. Papers should normally be from six to twelve pages (typed, double spaced), with fifteen as an absolute limit. Extensive reading is not indicated; (in an extreme case there might even be none at all), but a great deal of time should be given to thinking through carefully what you want to say.

The accompanying list of topics is suggestive only; as stated above, one chosen by yourself might be better. In any case your subject should be approved; and the question of reading should be taken up with your tutor.

SUGGESTED TOPICS

Some further analysis of the classroom market problem, or of a variation on it. (Material between page 236 to the end in the article as printed would illustrate further developments from the original problem.)

Marginal cost pricing as against Marshall’s short run normal analysis.

The Representative Firm Revisited.

Comment on Modigliani’s article: “New Developments on the Oligopoly Front,” JPE 66:215 (1958).

Mr. Kaldor’s concept of advertising cost. (“The Economic Aspects of Advertising,” Review of Economic Studies, Vol. XVIII (1) No. 45.)

Some aspect of spatial equilibrium.

A review of Machlup, “Marginal Analysis and Empirical Research,” AER, Sept. 1946.

Review of Gottlieb, “Price and Value in Industrial Markets,”Economic Journal, March 1959.

Is equilibrium with external economies possible under perfect competition? Under monopolistic competition?

Temporal Differentiation.

Some aspect of empirical cost curves.

“Bilateral Oligopoly”—Big Business and Big Labor.

Measures which might be taken to reduce “excess capacity.”

A critique of Stigler’s “Monopolistic Competition in Retrospect,” in his Five Lectures on Economic Problems.

“‘Entry’ is often not the literal appearance of a new firm, but the decision of an old one to add the new product to its line.” What effect would this have on the conventional analysis?

“Conjectural Variation” as a solution to oligopoly.

How would more attention to sales maximization and less to profit maximization affect the analysis?

Deliberate product obsolescence: Implications for public policy.

The Lester-Machlup controversy over the wage elasticity of the demand for labor.

Comment on “Some Basic Problems in the Theory of the Firm” by Papandreou in A Survey of Contemporary Economics, Vol. II.

If the concept of a “group” were to be abandoned, following Triffin, what would happen to the analysis in Chapter 5?

Review of Alchian, “Uncertainty, Evolution and Economic Theory,” JPE 1950; also in AEA Readings in Industrial Organization and Public Policy.

The Economic Analysis of Industry-Wide Advertising.

My Own Grumbles on Wages. (Suggested by the title of Roberson’s article assigned later in the course.)

The case for assuming imperfect, instead of perfect, knowledge in economic theory.

Stigler on the Kinked Demand Curve. (“The Kinky Oligopoly Demand Curve and Rigid Prices,” AEA Readings in Price Theory, and criticism by Efroymson in QJE 69:119 (1955).

Source: Harvard University Archives. Syllabi, course outlines and reading lists in economics, 1895-2003.Box 7, Folder “Economics, 1960-1961 (1 of 2)”.

Image Source:  John Simon Guggenheim Memorial Foundation website. Arthur Smithies (1955 Fellow), Edward H. Chamberlin (1958 Fellow).

 

 

 

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Economics Programs Harvard Undergraduate

Harvard. Undergraduate economics concentrators dropped over 50% in 1950s.

 

This post provides some backstory to the next post that features the reading lists for Harvard’s junior year tutorial in macroeconomics (Arthur Smithies) and microeconomics (Edward Chamberlin) used in 1960-61. The following Harvard Crimson article describes the undergraduate program in crisis (as seen in the massive drop in economics concentrators). The fall in numbers was attributed to the observation that economics “instruction gyrates widely from verbal triviality to mathematical incomprehensibility”.  Now one might say that much economics instruction gyrates from verbal incomprehensibility to mathematical triviality.

Alfred Marshall tried to design his own Cambridge Curriculum to address two classes of students, those needing general economics training for leadership careers in business and government and those needing advanced training for research careers in economics. Integrated training of the two classes within a single program at Harvard appears to have reached its limits by the second half of the twentieth century. 

Marshall, Alfred. The New Cambridge Curriculum in EconomicsLondon: Macmillan, 1903.

________________________

Economics: Undergraduate Program Undergoes Extensive Re-Evaluation
By Michael Churchill

The Harvard Crimson, November 14, 1959

C. P. Snow, British scientist and author, recently called attention to what he termed the problem of two cultures in our society–the gap in understanding between the traditional humanities and social sciences on the one hand and modern science and technology on the other. Both exist side by side, yet remain intellectually divorced in our modern society. This dichotomy serves well in considering the difficulties surrounding the discipline of economics, for its midway position in such a scheme is indicative of its problems.

The subject matter of economics is the productive system, with all its relations to the world of technology. The concern of economics, however, is this system’s role in society and its effect on men, their livelihood, and their institutions. Not an integrator of the two cultures, nevertheless it must span the separation.

The Economics Department is currently undergoing a crisis. It has failed up to now to accommodate both elements in a coherent program. The result is strikingly demonstrated by the flight of undergraduate concentrators from the field. In less than a decade the number has declined by over half; from 709 in 1949 to 340 in 1958. Although the decline may partially reflect a nationwide tendency, it also is the result of the confusion and frustration attending the undergraduate program here, as the instruction gyrates widely from verbal triviality to mathematical incomprehensibility.

Though economics stands mid-way between two cultures, it is its similarity to the natural sciences that causes the greatest problems. Professional economics shares with the sciences an analytic technique “remote from the common experience of the layman and a language that is principally mathematical,” to use the words the Bruner Committee applied to the natural sciences. And to judge from the current trend this will become increasingly so.

Another similarity with science is that the study of economics is often cumulative, thereby necessitating an extensive introduction to provide the requisite basic knowledge. These are the same problems with which the Bruner Report was concerned in the teaching of natural sciences in a liberal arts program. That report dealt primarily with the problem of the non-concentrator in science–the General Education courses in natural sciences. The Economics Department, however, because of the interest of its concentrators, encounters the same problems throughout its program.

Some of the concentrators are presumably economists, and the Department little wishes to discourage their interests. The vast majority, however, will be lawyers, doctors, and even, despite the Department’s hostility, businessmen.

A final similarity with the sciences lies in the difficulty both areas have in getting the proper senior faculty to teach undergraduate courses. Because of the vast gap between the level of professional work and the elementary nature of undergraduate work–a gap so great that the difference is not only of degree of sophistication but of content–many professors are either reluctant to teach undergraduates or incapable of making the transition.

The combination of the inherent difficulties in teaching economics in a liberal arts college plus the almost total neglect of the undergraduate program in past years has resulted in the precipitous decline in concentrators. The hope of halting that decline lies at the bottom of the Department’s plans to re-design the undergraduate program, which are now under way.

Arthur Smithies, Chairman of the Department, met frequently this summer and again this fall with a Department Committee on Undergraduate Education appointed last spring. Headed by Professor Dunlop, members of the group are Professors Chamberlin, Duesenberry, and Meyer, Assistant Professors Gill and Lefeber, and instructors Baer and Berman.

The results of this increased attention are already apparent in changes made this year in Economics 1 and Junior tutorial, Ec. 98. Historical and topical subjects have gained emphasis at the expense of some of the more theoretical and analytical material, which is now consigned to Sophomore tutorial. In former years economic theory was presented in a historical vaccum without any consideration of the evolution of the economic system from a local medieval subsistence economy to the modern international productive system. The first month of Economics 1 is now devoted to filling this gap. Other changes include an increased emphasis upon the problem of underdeveloped countries and the substitution of a three-week study of the economy of the Soviet Union for the former week’s survey of comparative economic systems.

Along with these changes in content have come those of organization. Gone is the “parade of stars” which formerly masqueraded as lectures. Instead there are now blocs of integrated lectures covering single aspects of the course, for example the series of lectures the first month that Professor Gill gave on economic history. Another long-standing distinguishing trait of the course, its extensive use of teaching fellows, is also on the way out.

The changes are clearly tending to make the course less an introduction into the Department and more a General Education course in the social sciences. The stress, in the attempt to interest the non-concentrator through presentation of historical and topical issues, is now upon political economy rather than upon economics. In a liberal arts college such a solution to the problems affecting the discipline seems to be the most logical and rewarding for an introductory course.

Faced, however, with the task of teaching its concentrators some of the methods and techniques of the economist, the department has moved towards increasing utilization of Sophomore and Junior tutorial for this purpose. The analytic material ejected from Ec. 1 has found refuge in Sophomore tutorial, while Ec. 98 (Junior tutorial) although heavily biased towards the empirical is the only course in the Department offering an overall view of the field.

But there is this year, in addition, an increased amount of attention towards policy questions and topical economic issues in both courses, a reflection of the prevalent belief that meaningful economics on the undergraduate level should relate, as Smithies said, “to the great public issues of the day.” In practice these two elements–the analytical tools and the social framework in which they must fit–still remain divorced in these courses, but at least the attempt is being made to integrate them.

The most perplexing problems facing the Department occur in the area of the middle group courses. To some extent they are aggravated by the Department’s quantative approach to the number of concentrators, with its concern to retain the marginally interested student within the Department. And again the nature of the field, with its disparity between advanced professional techniques and an undergraduate approach, intensifies the problem that confronts many other departments in the College–that of withstanding the polar attractions of pre-professional orientation or of superficiality. Concerning the middle course group area, Dunlop’s committee has only just begun its discussions, but the major alternatives are well known.

There is general agreement, according to Dunlop, that the undergraduate program as part of a liberal arts program should not be a pre-professional training. Disagreement, however, becomes manifest quickly after that statement. Many members of the department, for instance, feel that the best concentrators, the potential future economists, should be allowed to take courses on the graduate level, and indeed should be encouraged to do so. In effect these students would be obtaining a pre-professional training, but the supporters of this proposal feel that this is the only way whereby the interest of the economics-oriented student can be prevented from obstruction by the triviality of normal undergraduate economics courses. At present many undergraduates already take graduate level courses, but the new plan would make a sharper distinction between those who do and do not.

Another group in Department, however, voices the opinion that the College student should not clutter his schedule with pre-professional courses, but rather use his time to study such fields as music, literature, and mathematics. If a student does do graduate work later in economics he will have no trouble picking up whatever advanced analytic tools he needs at that time, while if he does not intend to do so there is no sense in wasting his time with a lot of specialized technique, this bloc maintains.

One proposal, approved by nearly all and sorely needed, is to introduce a greater flexibility into the program through increased use of half-year courses. Presently over half of the seventeen courses offered run from September to June. Many of these, it is admitted, could be pared down to a half-year.

This leads to the proposal for a new type course to replace the far-flung surveys. They would probe smaller areas, but penetrate deeper. Based on the combined desire to attract more students, and the premise that the goal is a more intelligent understanding of the public issues of the past and present, the courses would be designed around the topical approach. Examples would be courses on the corporation, on the economic impact of government activity, the present course on the Soviet Union, a half-year course on underdeveloped countries. In discussing this approach, Dunlop stressed that these would not be “watered down versions of the analytic approach but a new crosscut.” It should be noted that, while not analytical, these courses would still include some quantitative analysis or even simple economic models, but these methods would not become ends or major concerns of the courses.

Another proposal is to set up a core program in the Department. There is, in fact, almost one already. Ec. 141–Money and Banking, Ec. 161–Industrial Organization, and Ec. 181–Industrial Relations, cover the major areas of the field and at least two of them are necessary to handle Generals well. A real core program where all concentrators would progress from one level of the next has many advantages; it provides a common background which the lecturer can assume, gives a common training, and insures that a student will not neglect a vital aspect of the field. But it also has disadvantages, the primary one being the difficulty of handling non-concentrators who have not had this core. Separate sections in a course might be a simple answer here. A more difficult problem is that of time. Ec. 1, 98, and 99 already constitute three-fifths of the required courses. A central core program of another three semesters would aggravate the present lack of flexibility.

For the Economics Department this is a time of discussion, but it must soon reach the hour of decision. Certainly the present situation is not tolerable. By its over-concern with theoretical models and tools, the Department has separated itself from the true materials of a liberal arts education in economics. It should not, however, allow itself to reach the other extreme, in its quest for concentrators, of reducing the content of the courses to a point where an economics student is no more qualified to discuss and solve an issue of political economy than an intelligent government concentrator.

There is little question of the importance of economics today, with its strategic position between the technological productive system and the literary tradition of the social sciences, and with its unique combination of the empirical and theoretical. It remains only to be taught well.

 

 

Categories
Columbia Economist Market Salaries Teaching

Columbia. Due to exploding graduate economics enrollments, Stigler hired as visiting professor, 1946

 

 

The graduate economics courses at Columbia University were swamped by registrations one year after the end of the Second World War. Over 160 students were registered for the two graduate economic theory courses offered by A.G. Hart and William S. Vickrey. The executive officer of the economics department, Carter Goodrich, requested the central university allow the department to hire a visitor to ease the burden on Hart and Vickrey. That victory won with the visiting appointment for George Stigler (then a professor at Brown), Goodrich next pushed for an increase in the general budget for teaching assistants as well as for hiring Dorothy Fox assist him in his U.S. economic history class.

______________________

Columbia University
in the City of New York
(New York 27, N.Y.)

Faculty of Political Science

September 30, 1946

Dr. Frank D. Fackenthal
Acting President, Columbia University
Low Memorial Library

Dear Mr. President:

The extremely heavy enrollment for the graduate work in economics raises serious questions for the future staffing of the Economics Department. I should very much appreciate the opportunity to discuss these with you when the final figures are in, and when we can assess the situation more fully.

Meanwhile, however, there is one question on which emergency action at once seems essential. We advise the great majority of our students to take a general, systematic course in economic theory or economic analysis. We offer this year two such courses: Economics 153-4, given by Prof. A.G. Hart; and Economics 159-60, given by Mr. William S. Vickrey. Prof. Hart and Mr. Vickrey have between them over one hundred and sixty students registered. The work in these courses cannot be given on a mass lecture basis in a way that would meet the standards of any first-rate institution. It would not serve the purpose for which the Department intends it if there were not at least some degree of individual instruction.

I wish, therefore, to request an additional man to take one section of this basic course. I should like authority to approach Prof. Arthur Smithies, who taught Economic Theory at the University of Michigan, but who is at present in the Bureau of the Budget, at Washington. The proposal would be that the class should meet for two hours one day a week. I suggest $2500 for the year as the appropriate compensation. If preferred, $500 of this might properly be described as traveling expenses.

The money is available in the present budget, partly from the salary allotted for the professor of international economics on which only a half-time appointment was made for the present year, and from the money available for the unfilled position on economic history. Both these salaries, I should add, will be needed next year.

I should be most grateful if you would give me a decision on this at once, since the step must be taken immediately if it is to bring effective relief.

Sincerely yours,
[signed]
Carter Goodrich

CG:jg

______________________

Columbia University
in the City of New York
(New York 27, N.Y.)

Faculty of Political Science

October 14, 1946

Dr. Frank D. Fackenthal
213 Low Memorial Library.

Dear Mr. President:

This time the report is not wholly negative. Following our conversation of Thursday afternoon, I invited Prof. George J. Stigler, of Brown University, to come to help us in the emergency situation in Economic Theory. Prof. Stigler has agreed to come for the first semester, but is not as yet prepared to commit himself for the entire year. I am therefore enclosing a form for his appointment for the Winter Session on the terms agreed. The salary for the first semester is available from the unused portion of the salary of Professor A.F. Burns.

I hope that we may be able to persuade Prof. Stigler to continue the work throughout the year. If not, there is a possibility that Prof. Smithies may be able to come for the second semester.

Sincerely yours,
[signed]
Carter Goodrich

______________________

[Carbon Copy]

October 18, 1946

Professor Carter Goodrich
Fayerweather

Dear Professor Goodrich

I have your letter of October 14 in regard to the appointment of Stigler as Visiting Professor and will see that the appointment goes through the next meeting of the Trustees.

Maybe I had better point out that there is no money available in Prof. Burns’ position. In addition to his own half pay, the salaries of Vickrey ($2000) and Alexander ($1700) have already charged against that. However, we will make the appointment against the balance remaining in the vacant professorship.

Very truly yours

Frank D. Fackenthal
Acting President

VS

______________________

Columbia University
in the City of New York
(New York 27, N.Y.)

Faculty of Political Science

October 22, 1946

Dr. Frank D. Fackenthal, Acting President,
213 Low Memorial Library.

Dear Mr. President:

I very much appreciate your action on the Stigler appointment.

The second paragraph of your letter of October 18 puzzled me, since I had never heard of Alexander. We have tracked the matter down and it appears to be an appointment in Contemporary Civilization, chargeable to a budget of Dean Carman’s. It should not be a charge on the Department of Economics.

Sincerely yours,
[signed]
Carter Goodrich
Executive Officer, Department of Economics.

______________________

Columbia University
in the City of New York
(New York 27, N.Y.)

Faculty of Political Science

October 24, 1946

Dr. Frank D. Fackenthal, Acting President,
213 Low Memorial Library,
Columbia University

Dear Mr. President:

In my letter of September 30th I spoke of the problems raised for the Economics Department by the extremely heavy enrollment in the graduate school. Now that the final enrollment is in, I wish to recommend two further measures, in addition to the emergency adjustment in Theory which you have been good enough to authorize. The total registration in the graduate courses borne on the budget of the Department of Economics for this session is double that for the Spring Session of 1946, which in turn was very much larger than that for the Winter Session of 1945. In 22 courses last spring there were 788 registrations; in 24 courses this session there are 1578. 7 of these courses have enrollments of more than 100 students (Angell, 112; A. R. Burns, 127, 153; Bergson, 142; Goodrich, 141; Nurkse, 130; Wolman, 140.)

To meet this situation I request, first, that the appropriation for Assistance be raised from $1,000-$1,500. Prof. Taylor estimates the needs of the College department, which has in the past used the greater part of the Assistance fund, as $500. Professors Angell, Bergson, A.R. Burns, Nurkse, and Wolman have all asked this year for reading assistance and will certainly need it in these courses.

Second, I request the appointment of Mrs. Dorothy G. Fox as an assistant in Economics to aid in my own course Economic history of the United States, so that a part of the time may be given to discussion in sections of a reasonable size. Mrs. Fox is at present an instructor in Economic principles in University Extension. I propose a salary of $700 for the academic year.

Money for these adjustments may be taken, if necessary, from what remains in the salary allotted to the vacant professorship. I should add, however, that these adjustments are made necessary solely by the extraordinary enrollment and that making them would not in any way diminish the long-run needs of the Department.

Sincerely yours,
[signed]
Carter Goodrich
Executive Officer of the Department of Economics.

______________________

Columbia University
in the City of New York
(New York 27, N.Y.)

Faculty of Political Science

January 15, 1947

Dr. Frank D. Fackenthal, Acting President,
Columbia University

Dear Mr. President:

I beg to request the appointment of Dr. Moses Abramovitz as Visiting Lecturer in Economics for the Spring Session, at a compensation of $1,000. This is a further adjustment to meet the emergency situation in economic theory. As indicated in my letter of October 14th, 1946, Professor Stigler, of Brown University, agreed to come for the first semester, but was not prepared to commit himself for the entire year. He has informed us, much to our regret, that he cannot continue and I am therefore proposing a substitute. Dr. Abramovitz is one of the very best of the recent Ph.D.’s in this Department and holds a responsible research position with the National Bureau of Economic Research. He taught the same course in this Department during 1940-1941 and 1941-1942.

The total compensation for Professor Stigler, as you recall, was $1,250, of which $250 was counted as traveling expenses. The $1,000 requested for Dr. Abramovitz is available, $500 from the unused portion of the salary of Professor Arthur F. Burns and $500 from the funds for the vacant professorship.

I am enclosing the form for Dr. Abramovitz’ appointment and I very much hope you will be able to make it.

Respectfully yours,
[signed]
Carter Goodrich
Executive Officer, Department of Economics.

 

Source:  Columbia University Archives. Rare Book and Manuscript Library. Central Files 1890-. Box 406, Folder “Goodrich, Carter. 1/1”.

Image Source: Low Memorial Library, Columbia University from the Tichnor Brothers Collection, New York Postcards, at the Boston Public Library, Print Department.

Categories
Gender Harvard Michigan

Harvard. Ph.D. Alumna (1951). Michigan Professor Eva Mueller. 1920-2006

 

One probably would have forecast that Eva L. Mueller who was awarded her economics Ph.D. (Radcliffe College) in 1951 with the dissertation “Business Savings and the Business Cycle” would have gone on to become a macroeconomist. Arthur Smithies was the chairman of the Harvard economics department at the time she received her Ph.D. and when asked for his help in finding a job, Eva Mueller remembered him saying “…he couldn’t help me, since economics wasn’t a woman’s field”. She did find a job at the University of Michigan’s Institute for Social Research where she transformed herself into a population and development expert.

I have copy-and-pasted a variety of biographical memoirs and obituaries for this post. One cannot help but be touched by the deep affection and respect of her Michigan colleagues that one can read in and between the lines. Macro’s loss was development economics’ gain.

_____________________

Professor Eva Mueller, 1920-2006

Professor Eva Mueller died on November 19, 2006 at the age of 86.

Dr. Mueller, a U-M Professor Emerita of Economics and Research Scientist at PSC at the time of her death, had a long and fruitful career at Michigan. But she faced many challenges on her path to success.

Fifty-five years ago, when Mueller received a PhD in economics from Harvard University, she asked the chairman of the department for help finding a job. “He said he couldn’t help me, since economics wasn’t a woman’s field,” she recalled. Undeterred, Mueller found a research job at the Institute for Social Research (ISR), where she helped to pioneer the use of surveys to analyze consumer behavior. After six years, she received a tenure-track appointment as an assistant professor in the Department of Economics and in 1964 was named a full professor.

“The struggle isn’t over yet,” she said, accepting the Carolyn Shaw Bell Award Jan. 6, 2001 from the American Economic Association’s Committee on the Status of Women in the Economics Profession.

Mueller was nominated for the award, given annually to an individual who has furthered the status of women in economics, by several former students, along with David Lam, professor of economics and director of ISR’s Population Studies Center, and Sherrie Kossoudji, associate professor of social work and adjunct associate professor of economics.

“Eva was really unusual as a woman breaking into the male-dominated field of economics,” noted Lam. “She was a real role model for many of us,” said Kossoudji. “She was also consistent in her support for young female students. And she made us tough. ‘You must do better,’ she told us. ‘You must work harder.’ That was always her approach.”

Born February 26, 1920, Mueller said she was influenced by the Great Depression in making her career choice. “It impressed me that what the world needed was to rescue its economies,” she said. Also, her mother, who had a PhD in chemistry, emphasized education for her children. “She had her mind set that all her children must get PhDs.”

During WWII, she said, when the Harvard Economics Department “was more or less closed down… because all of the faculty was in Washington working on the war effort,” she took a job at the Federal Reserve Bank in New York.

After the war, Mueller studied under Alvin Hansen, “at the time the number one Keynesian in the U.S.” Upon completing her PhD, she needed a job.

“I wrote some letters to people whose stuff I had read and thought they would be interesting to work for. One was George Katona. He happened to know George Garvey, for whom I had worked at the Federal Reserve, so he wrote to him and asked if I would be a plausible candidate. That’s how I came to Michigan to the Institute for Social Research.

I wanted to go to the economics department, but they would not accept me. Then I was sort of on the waiting list. John Lansing and, I think, even Jim Morgan, were on the waiting list ahead of me. They eventually got to me.”

In 1951 Mueller joined the staff of the Survey Research Center; in 1957 she joined the Department of Economics, where she became a full professor in 1964. Six years later, she became a research scientist at the Population Studies Center. Mueller had been a Professor Emerita since 1988.

During her long and active career at Michigan, Eva Mueller made important contributions in several areas of economic research. For the first two decades, her research emphasized analysis of consumer behavior in the U.S. She later moved on to work related to economic development and economic demography. Her published papers cover a wide range of topics and countries, including the impact of unemployment on consumer confidence in the U.S., the economics of fertility decline in Taiwan, and the time allocation of women and children in Botswana.

In addition to her contributions as a researcher, she played an important role in building the economic demography training program run jointly by the Population Studies Center and the Department of Economics. She served as an advisor to many PhD students in economic demography who have gone on to positions in universities, government, and international agencies.

The Eva Mueller New Directions in Demography and Economics Fund has been established to support research and training in demography and economics, especially projects focusing on low income countries and projects dealing with the socioeconomic position of women and investments in children’s health and human capital.

 

Source: Announcement of the death of Eva L. Mueller by the University of Population Studies Center, Institute for Social Research at the University of Michigan.

_____________________

Select Career Publications

Dr. Mueller studied the interaction of economic and demographic change. One particular focus of her research was the relation between income change and fertility change. Within this context she was interested in the methodology of collecting useful employment statistics, including the methodology of time-use studies.

Journal Articles

Mueller, Eva. 1984. “The Value and Allocation of Time in Rural Botswana.” Journal of Development Economics, 15(1-3): 329-60. Abstract.

Watanabe, B., and Eva Mueller. “A Poverty Profile for Rural Botswana.” World Development, 12, no. 2 (1984): 115-27. Abstract.

Kossoudji, S., and Eva Mueller. “The Economic and Demographic Status of Female-Headed Households in Rural Botswana.” Economic Development and Cultural Change, 31, no. 4 (July 1983): 831-59.

Mueller, Eva. “The Impact of Demographic Factors on Economic Development in Taiwan.” Population and Development Review, 3, no. 1&2 (1977): 1-22. Abstract.

Mueller, Eva, and R. Cohn. “The Relation of Income to Fertility Decisions in Taiwan.” Economic Development and Cultural Change, 25, no. 2 (January 1977): 325-47.

MacDonald, M., and Eva Mueller. “The Measurement of Income in Fertility Surveys in Developing Countries.” Studies in Family Planning, 6, no. 1 (January 1975): 22-28. Abstract.

Mueller, Eva. “Economic Motives for Family Limitation.” Population Studies, 27, no. 3 (November 1972): 383-403. Abstract.

 

Chapters

Mueller, Eva. 1976. “The Economic Value of Children in Peasant Agriculture.” In Population and Development: The Search for Selective Interventions edited by Ronald Gene Ridker. Baltimore : The Johns Hopkins University Press.

 

PSC Reports

Mueller, Eva. “Time Use Studies: Their Potential Contribution to the Policy Dialogue in Developing Countries.” PSC Research Report No. 85-86. 9 1985.

Mueller, Eva, and Kathleen Short. “Income and Wealth as They Affect the Demand for Children in Developing Countries.” PSC Research Report No. 82-35. 9 1981.

Kassoudji, Sherrie, and Eva Mueller. “The Economic and Demographic Status of Female Headed Households in Rural Botswana.” PSC Research Report No. 81-10. 3 1981.

 

Source:  University of Population Studies Center, Institute for Social Research at the University of Michigan.

_____________________

Eva L. Mueller
Memoir
1988

Eva L. Mueller, Professor of Economics and Research Scientist in the Population Studies Center and Center for Research on Economic Development, will retire from active faculty status on December 31, 1988, after a most productive career as a teacher and researcher.

A native of Germany, Professor Mueller became a naturalized citizen in 1944. She received her B.A. degree from Smith College in 1942, her M.A. degree from New York University in 1945, and her Ph.D. degree from Harvard University in 1951.

From 1951-68, Professor Mueller was on the staff of the Survey Research Center at the Institute for Social Research. She joined the Department of Economics in 1957 as an assistant professor; she was promoted to associate professor in 1960 and to professor in 1964. Since 1968, she has also been affiliated with the Center for Research in Economic Development and the Center for South and Southeast Asian Studies, and in 1970, she accepted an additional appointment in the Population Studies Center. From 1974-78, Professor Mueller served as associate dean in the College of Literature, Science, and the Arts.

For several years, Professor Mueller has directed the NIH-sponsored Economic Training Program in Economic Demography, which has attracted many of the brightest students in the Ph.D. program in economics. Several of the department’s most successful female students have been recruited into the program. They were attracted by the setting Professor Mueller created, which was encouraging and supportive, and in which Professor Mueller herself has acted as an extraordinary role model.

Professor Mueller has conducted exciting and important research in the area of fertility and female labor supply in developing countries. Some of her work has been conducted under the auspices of the World Bank and the U.S. Agency for International Development, taking her to India, Thailand, Brazil, and Botswana.

The Regents now salute this distinguished educator and researcher for her dedicated service by naming Eva L. Mueller Professor Emeritus of Economics.

 

Source: Mueller named Emerita Professor at University of Michigan. Faculty History Project.

_____________________

 Obituary
Eva L. Mueller
1920 – 2006

Eva Mueller, Professor Emerita of Economics, died November 19, 2006, in Ann Arbor, at the age of eighty-six.

Professor Mueller received her B.A. in 1942 from Smith College with a major in economics. In 1951 she received her Ph.D. in economics from Harvard University and joined the staff of the University of Michigan’s Survey Research Center. In 1957 she joined the Department of Economics. She became associated with the Center for Research in Economic Development and the Center for South and Southeast Asian Studies in 1968, and joined the Population Studies Center in 1970. Her many roles at the University of Michigan included service as Associate Dean in the College of Literature, Science, and the Arts.

Mueller received a number of distinctions during her career. She was a Fellow of the American Statistical Association. She served on the Board of Directors of the Population Association of America and was elected Vice-President of the Association. In 2001 she received the Carolyn Shaw Bell Award from the American Economics Association. This award is given by the AEA’s Committee on the Status of Women in the Economics Profession “to an individual who has furthered the status of women in the economics profession, through example, achievements, increasing our understanding of how women can advance in the economics profession, or mentoring of others.”

Mueller made important contributions in several areas of economic research. For the first two decades, her research emphasized analysis of consumer behavior in the United States. She later moved into research related to economic development and economic demography. Her published papers cover a wide range of topics and countries, including the impact of unemployment on consumer confidence in the U.S., the economics of fertility decline in Taiwan, and the time allocation of women and children in Botswana. In addition to her contributions as a researcher, she played an important role in building the economic demography training program run jointly by the Population Studies Center and the Department of Economics. She served as an advisor to many Ph.D. students in economic demography who have gone on to positions in universities, government, and international agencies.

—David Lam, Department of Economics

Source: Obituary for Eva L. Mueller, University of Michigan. Faculty History Project.

Image sources:  Early career portrait of Eva L. Mueller from University of Population Studies Center, Institute for Social Research. Later portrait from University of Michigan, Faculty History Project.

Categories
Economists Harvard Seminar Speakers

Harvard. Galbraith’s Special Tuesday Evening Seminar, 1973

 

One of the delights of working with the papers of John Kenneth Galbraith is that the man was simply incapable of writing a straight memo. Some flash of wit or felicitous use of the English language always breaks in. The following announcement gives us some insight into the sort of university service that Galbraith most gladly provided. Soft power was his instrument of choice for departmental politics.

___________________

SPECIAL TUESDAY EVENING SEMINAR

As in earlier years, Professor Galbraith will conduct a series of evening discussions for first year graduate students and others who are interested. Meetings will be in the Littauer Lounge at 7 o’clock, and participants are urged to arrive reasonably on time. They may leave when they wish. Following very brief introductory comments by Professor Galbraith and guests, the subject will be open for discussion. No competently presented argument, however inconvenient, will be denied a hearing. Discussion will continue as long as the audience or the supply of useful ideas endures. This year’s subject and dates are listed below. The guest list is still tentative.

 

October 2, 1973—THE ECONOMICS OF THE PRESENT INFLATION

Guests:
Hendrik S. Houthakker
James S. Duesenberry
John Dunlop

October 16, 1973—THE CORPORATION: IS IT RESPONSIBLE: HAS IT BOUGHT THE COUNTRY

Guests:
Theodore Levitt
Marc Roberts
Abram Chayes
Richard Caves

October 30, 1973—WHAT AND HOW SHOULD ECONOMICS BE TAUGHT AND A Ph.D. EARNED OR ACQUIRED

Guests:
Dale Jorgenson
Robert Dorfman
Sam Bowles
Art McEwan

November 13, 1973—WHAT ARE THE ECONOMICS OF SEX DISCRIMINATION, ARE WOMEN ECONOMIC ARTIFACTS

Guests:
Carolyn Bell
Betsy Munzer
Hazel Denton
Arthur Smithies
Lester Thurow

December 4, 1973—ECONOMICS AND THE PUBLIC PURPOSE

An evening for or against the book. (On this evening, a reasonable quantity of champagne of indifferent quality will be supplied from the accrued royalties, if any)

Guests:
John Kenneth Galbraith
Steve Marglin
Zvi Griliches

 

Source: John F. Kennedy Presidential Library. John Kenneth Galbraith Papers. Box 78. Series 5. Harvard University File, 1949-1990. Folder: “Courses, Non-credit seminar1973”.

Image Source: John Kenneth Galbraith in academic regalia from the Harvard Class Album, 1968.

Categories
Chicago Economist Market Economists

Chicago. Marschak on potential hires for department, 1946

 

In his magnificent article about the departmental politics behind the appointment of Milton Friedman at the University of Chicago in 1946, David Mitch refers in passing to a February 1946 memo written to the Chancellor and President of the University by Vice-President Rueben G. Gustavson in which the Vice-President reports on a discussion he had with Jacob Marschak about various economists being considered for appointment.

Mitch’s online Appendix to his article provides an excellent selection of archival artifacts to which the transcription of the Gustavson memo below may be added. In this memo it looks like we are observing active lobbying (at least providing his “spin”) on Marschak’s part rather than a senior faculty member summoned by an administrator to provide deep background on prospective hires.

It is worth noting that the names of five future Nobel prize winners in economics can be found in a single 1946 memo. It is also interesting that the last two candidates mentioned in the memo, namely Lloyd Metzler and Milton Friedman, were the only two to turn out to become permanent acquisitions of the department.

 

See: David Mitch, “A Year of Transition: Faculty Recruiting at Chicago in 1946,” Journal of Political Economy 124, no. 6 (December 2016): 1714-1734. [working paper version (ungated)]

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Biographical Note of Rueben Gilbert Gustavson

Rueben Gilbert Gustavson was born (April 6, 1892-February 24, 1974) to Swedish immigrants James and Hildegard Gustavson. As a young man Gustavson developed a strong belief in moral responsibility to others. After a childhood injury made following in his father’s footsteps as a carpenter impossible he attended high school where he excelled in his studies. In deference to his father’s wish he learn practical skills Gustavson took courses in typing and stenography. These classes enabled Reuben to gain employment with Colorado and Southern Railroad where he became secretary to the auditor. The monies Gustavson earned working at the railroad enabled him to enroll in at the University of Denver, DU. After obtaining his bachelor’s degree DU Gustavson decided to pursue a master’s degree in chemistry. He received his MS in chemistry in 1917 and briefly became a chemist at the Great Western Sugar Company. He accepted an offer to teach at the Colorado Agricultural College in Fort Collins but became disillusioned when told that as a professor he could not teach and conduct research. Gustavson returned to DU where he remained for the next seventeen years. During that time he spent summer breaks working toward his PhD at the University of Chicago. Initially, specializing in radioactivity the loss of his advisor enabled him to change to biochemistry. Gustavson received his PhD in 1925 and taught at the University of Chicago during the 1929-30 academic year. A disagreement over what Gustavson felt were unethical practices involving student athletes led to him leaving DU. University of Colorado President, George Norlin, invited Gustavson to join the faculty as a professor of chemistry. He was appointed chairman of the chemistry department and remained in that position from 1937-42. In 1942 the Dean of the Graduate School became ill and Gustavson was chosen as a temporary replacement but when the dean died the position became permanent. Now involved in the academic administration of the university Gustavson was chosen to substitute for the new president of the University of Colorado, Robert L. Stearns, during World War II. Stearns was commissioned as an officer in the Army Air Corps. Gustavson accepted the position with the understanding that Stearns would resume the presidency when he returned. After the war Gustavson became the Vice President and Dean of Faculties at the University of Chicago for a short time in 1945-46. During Gustavson’s time at the University of Chicago he worked with Enrico Fermi and Edward Teller on the atomic bomb project. The destruction of Hiroshima and Nagasaki convinced Gustavson the only hope for human survival was the promotion of peace through education that taught appreciation of other peoples and cultures. In 1946 Gustavson moved to the University of Nebraska where he remained as Chancellor until 1953. After leaving the University of Nebraska Gustavson became the first president of Resources for the Future where he served from 1953-1959. An outgrowth of his work on the atomic bomb project this organization conducted economic research and analysis to help craft better policies on the use and preservation of natural resources. Gustavson then resumed teaching at the University of Arizona and was a member of the chemistry department from 1960 until his death in 1974.

Source: John Patrick McSweeney. The Chancellorship of Reuben G. Gustavson at the University of Nebraska, 1946-1953. Lincoln: Digital Commons @ University of Nebraska, 1971.

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Gustavson Memorandum of Discussion with Jacob Marshak

THE UNIVERSITY OF CHICAGO

Date February 19, 1946

To:     RMH [Robert Maynard Hutchins, President of the University of Chicago (1929-45); Chancellor (1945-51)]; ECC [Ernest Cadman Colwell, President of the University of Chicago (1945-51)]
From: RGG [Reuben G. Gustavson, Vice-President of the University of Chicago (1945-1946)]

Professor Marschak came in to talk to me about possible recommendations for men in the Department of Economics. He discussed the following:

  1. John Hicks of London. He is now at Oxford but is coming to this country. He is about forty years of age. He is quite well known, especially for his book called the “Brainwork of Social Economy.” [sic, The Social Framework: An Introduction to Economics] This book is now being used in the College.
  2. Paul Samuelson is a much younger man than Hicks. He is now an associate professor at M.I.T. He is known for his work in the general theory of disequilibrium.
  3. Arthur Smithies is professor at the University of Michigan. He is now in the Bureau of the Budget at Washington. Marschak describes him as a man who is concerned with economic policies. He takes the empirical approach to the study of economics.

Marschak states that Mr. Hicks is also a good man in local finance [Hicks’ wife, Ursula Hicks, probably mentioned by Marschak]. He says also that T. Koopmans, Research Associate with the Cowles Commission, who has been recommended for an associate professorship, is a very fine man. He is in mathematical statistics. He speaks highly of Lionel Robbins of the London School. Marschak says he is an all-around personality. He has been of great service to the English government during the war.

He thinks very highly of Lloyd Metzler. He was an instructor at Harvard. He as applied the modern methods of Samuelson to international trade.

Professor Marschak also thinks very highly of Milton Friedman, who is a graduate of the University of Chicago.

I shall discuss all these men with Schultz.

 

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

 

Image Source: Reuben G. Gustavson from University of Chicago Photographic Archive, apf1-06588, Special Collections Research Center, University of Chicago Library.

Categories
Funny Business Harvard M.I.T.

Harvard or MIT. Economics graduate student skit, ca. 1963.

 

Because of the reference to Jaroslav Vanek’s leaving Harvard, we are able to date the following script to 1962-63 since Vanek left Harvard to work at the State Department in 1963. Almost everything about this script would lead me to conclude that it was used in a Harvard graduate student skit that somehow wound up in the folder for the Graduate Student Association at the Department of Economics of M.I.T. The folder is otherwise filled with clearly M.I.T. skit material from the 1960s. One of the students is identified as “David” another “Bob” and the third looks like “Les”.  

Lester Thurow did get his Ph.D. from Harvard in 1964 and came to M.I.T. in 1968 so it is not inconceivable that the following transcription is indeed based upon his personal typed script copy with original pencil stage directions that made its way into the folder. 

One thing that I find rather surprising about the text is just how many Harvard professors’ names have been misspelled.

__________________________

D—This is a review with a message—a message no economist can afford to ignore. The year is 2000 A.D. 16 years have now passed since 1984, that Armageddon of the economics profession when Professor Wassily Leontief finally established that the world really was homogeneous of degree one. The then President of the United States, Mr. Norman Mailer, immediately issued the great Marginal Product Proclamation. Everyone was to receive their marginal product.

B— But there was nothing left over for the economists. Economists became the hand-loom weavers of the 20th. century.

L—Arthur Schlesinger Jr. vividly described their position in a 17-volume work entitled “The Coming of the Raw Deal.” Economists everywhere, after the first shock, set out upon new careers. Tonight we shall discover what happened to some of those whom we know and love.

D—Several of them went into the movie industry and we will now let you hear the soundtrack of the preview of one of their movies.

(Epic Music—Bruckner?)

[Insert: Stand]

L—Ladies and Gentlemen, 21st Century Fox are proud to present Arthur Smithies and Joan Robinson in….The Big Push, the story of the unbalanced growth of an economist….

B—Production by Karl [sic] Kaysen

D—Copyright by Edward Hastings Chamberlain [sic]

L—All labor disputes on location and with Elizabeth Taylor arbitrated by John Dunlop.

B—Continuity by Simon Kuznets

L—Editing by Seymour Harris, of course.

D—Costumes by Robert Dorfman.

B—This is the story of Ragnar Maynard von Eckstein (his parents had always wanted him to be an economist). After many struggles at last he got to Harvard Graduate School.

L—It is a tale of |horror. See him now at a seminar on the economics of Medical Care…..

D—This after-noon I am going to discuss the economics of Blood-banking. One of the crucial problems in this field is what proportion to maintain of liquid assets. In this category we have blood [Insert:   L. What about near blood] near-blood. We also have non-liquid assets—bonds in the form of pounds of flesh. Another problem is the current shortage of tellers, for we can only employ vampires with a strong liquidity preference. If we cannot get more it will clot up the flow of funds and reduce the velocity of circulation.

L—It is a tale of |ambition…..

B—Coming from a family whose marginal product was zero, Ragnar Maynard realized that to get on quickly he must publish something. But what? He had not written anything. But our resourceful hero saw a way out: he would publish his first book before it was written. It was called First Draft, a revised tentative, preliminary, provisional text. It was based on Photostat copies of his blackboard notes.

L—It is a tale of |love….

D—Ragnar Manyrd fell passionately in love with a beautiful capital theorist, played in the movie by ravishing Joan Robinson. His demand for her love was infinitely elastic; her supply could not meet him—at least not at his price. The price was to join him in his exhausting search over peaks and through troughs for the elusive U-shaped cost curve.

L—It is a tale of |excitement

B—See Ragnar Maynard trying to free himself from the dreaded liquidity trap.

Insert: D—It’s true, it really is thicker than water

L—All this and more you can see in this movie—The Big Push is a take-off point in the development of the motion-picture.

B—See the exciting attempt on Professor Leontief’s life (with a 202 rifle) to try to prevent him revealing his startling discovery of a constant returns world.

D—See the world’s largest input-output table which proved it—drawn by the Economic Research project in the sand of the New Mexican desert.

L—You cannot afford to miss this motion picture. Filmed in wonderful new—Solocolor. An introducing revolutionary—Rostowscope.

(concluding epic music)

[Insert: Sit]

D—But the movies could not accommodate everybody…

[Insert: Bob in middle]

[Insert: one illegible word]

L—Professor Leontief, having escaped with his life, and using his input-output table from Scientific American as a testimonial, got into the business of designing bathroom tiles.

B—Professor Duesenbery [sic] was well qualified to go into the demonstration business. He drove Cadillacs around low-income districts to stimulate demand. And changed his name to Jones so that it would be him that everyone was keeping up with.

D—In England many economists went to work for the government where they produced a remarkable effect. Before 1984 political speeches had sounded something like this.

B—Good evening; I’m the Prime Minister. My name is….. [insert: ad lib] etc.

D—But now all this has changed…

B—Good evening…[insert: ad lib] etc.

L—Professor Tom Schelling took up a career in Madison avenue. It was he who was responsible for some of the following products…

D—Ladies, now you can wear the most powerful and alluring perfume in the world—First Strike—the only perfume with complete credibility. It also contains the only deodorant with overkill.

B—Now at last there is a product to take away the smell of deodorant—it is called Counterforce. Only Counterforce gives you 24-hour protection against odorlessness. [Insert: 5120 or S120]

[Insert: STAND]

L—For years girls have been searching for a perfume which will attract the men and yet prevent them from taking liberties—now they have it in the form of Deterrence—the perfume which is effective [Insert: only] if you don’t use it.

D—He also introduced a city wide deodorant campaign under the title of Civil defence.

L—And the only really safe method of birth control—Early Warning.

B—Meanwhile Professor Dunlop had become a truck driver and a shop steward for Jimmy Hoffa.

D—And Professor Kuznets took to selling abacuses.

[Insert: Some economists, not from Harvard opened a cafeteria.]

[Insert: Bob-Les—come forward]

L—Professor Galbraith first thought of becoming a rice farmer. But he soon saw that since there was no more need for economists he could now come into his own. After a coup d’etat he took over the Littauer building and changed it into the department of Affluent Studies. The idea was the ultra-popularization of economics; the main qualification for admission was to be a good phrase-monger. The new department published books like…

B—The Economics of Sex, with an appendix on the second derivatives of Jayne Mansfield. A geometric interpretation with diagrams.

D—The department became identified with a new theory of economic decline, published as a non-Rostovian manifesto. All countries, it said, tend to decline, and their speed of decline is determined by their relative degree of economic advancement. Its five stages of decline started with the age of mass consumption, through the age of preconditions for decline, coming then to the crucial landing stage.

B—Other books appeared like ‘The Naked Truth about Public Squalor, and so on.

[Insert: Pause—back to audience]

L—Only one of the redundant economists took the highest calling of all. Let us now eavesdrop on a sermon by [Insert: his eminence] Archbishop Gerschenkron…

[Insert: seated]

B—You know, when I was an economist one of my graduate students wrote a very good paper for my course. Matthew, [Insert: I said] why don’t you publish this paper, no, really why don’t you publish. But you know youll have to change the title. What journal is going to publish a paper called ‘the First Gospel’? But you know it really was a very good paper. There was a lot of interesting material about the farm problem in Egypt and about the almost miraculous elasticity of supply of loaves and small fishes in Gallillee [sic]. Then there was a very good section about Christ throwing the money-changers from the temple. Well, you see, the rate of interest was very high then. Don’t you think that the real reason why Christ did this was to reduce the rate of interest and to stimulate investment. You see, I wanted Matthew to rewrite his paper for the Quarterly Journal and call it ‘Christ as a proto-Keynsian’ [sic] But no, he was a very strong-willed boy and he brought it out in a syposium [sic] edited by Seymour Harris, called the Bible, essays in honor of God. But, you know, it was still required reading for my course.

D—Professor Harberler [sic] took to song writing, and here is a sample…

[Insert: stand behind table]

(tune: God bless America)

[Insert: All:] God bless free enterprise,
[Insert: MOC or HOC or NOC] System divine,
Stand beside her and guide her,
Just as long as the profits are mine.
[Insert: Salute]
Corporations may they prosper
Big business, may it grow!
[Insert: MOC or HOC or NOC] God bless Free Enterprise,
The Status quo!

L—Well, David, I guess that’s it. Do you think they’ll throw us out?

D—I dont know. But I dont suppose we’ll ever be allowed to pass generals. There are still some jobs you can get without a Ph.D.

B—No chance at all is there? I mean about generals….

D—Well they were all in it weren’t they—all the generals board.

L—What about Professor Vanek? He emerged unscathed.

D—That’s true but he’s leaving.

B—That’s fair, of course.

L—Yes, he hasn’t done much since he’s been here really.

D—Half a dozen good articles…

B—4 books, or is it 5?

L—He’s become an acknowledged expert on at least two major fields of economics…

D—A clear and stimulating teacher…
And a nice guy…

L—Not much really. [Insert: Clearly not a Harvard type]

B—Not surprised they’re letting him go

D—Well, that’s it then.

B—One more thing actually…The perpetrators of this entertainment would like it to be known that any resemblance of characters in this review to any person or persons living or half-dead is purely intentional.

L—So be it.

All—In the name of the Holy Trinity:

D—Dorfman,

L—Samuelson,

B—and Solow.

All—Amen

 

Source:   MIT Archives. Department of Economics Records, Box 2, Folder “GEA 1961-67”.