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Carl Menger was an economic theorist and professor. Chiefly notebooks, notes, teaching materials, correspondence, biographical and personal material, and printed material (7500 items, 10 lin. ft; dated 1857-1985), relating to Menger's academic career, 1867-1920. The bulk of the collection consists of Menger's notes and revisions on economic and theoretical topics, and on his first major work, Grundsätze der Volkswirthschaftslehre.. Includes extensive material about money, the gold standard, and capital theory. Other topics include economic principles, jurisprudence, credit, property, philosophy, the nature of science, methodology, interest, research on political economy, and the classification of knowledge. Family papers relate to Anton and Max Menger. Letters to Menger are primarily from colleagues of the Austrian school of economists, especially Eugen von Bohm-Bawerk, Johannes Conrad, Eugen von Philippovich, Emil Sax, and Friedrich Wieser, concerning professional matters. Other correspondents include Friedrich A. von Hayek, Ludwig von Mises, Oskar Morganstern, Richard Schuller, Joseph Alois Schumpeter, and Knut Wicksell. The addition (02-220) (150 items, 0.40 linear ft.; dated 1855-1921 and n.d.) comprises letters, notes, postcards, and calling cards from Menger's brothers Anton and Max Menger as well as from distinguished Austrian, German, and other writers, artists, philosophers, jurists, historians, and politicians. Correspondents include Arthur Schnitzler, Henryk Sienkiewicz, Theodor Gomperz, Friedrich Jodl, Karl Kraus, and Otto Weininger. Materials in this accession are unprocessed.

The Carl Menger Papers span the years 1857 to 1985. Although the collection includes material from Menger's early professional life as well as some items from his brothers, Anton and Max, and his son, Karl, it is primarily composed of manuscripts and correspondence, 1867-1920, relating to his mature academic career. The contents are extremely dense and complex; they are also essential to an understanding of the mind of Carl Menger. Not only do the papers reflect Menger's mind, but they also document his own methods of work. He was a copious note-taker and read voraciously. He kept bound notebooks with reflections and excerpts from his current reading, especially in the early years when he was constructing the Grundsätze. Later he made notes and revisions on loose sheets, having some of them copied into a clear hand, and on those sheets, too, he made revisions. Menger also wrote directly in the printed text. For example, his papers include two copies of the Grundsätze (a third similar copy is in the Hitotsubashi University Library with the rest of Menger's library) with blank pages interleaved with pages of text. In each of these successively Menger made extensive notes and changes. Although it is frequently impossible to date his manuscripts precisely, one can get a sense of the development of his thought from this sort of progression with the help in some cases of holographic evidence.

The collection has been organized into series which reflect both Menger's style of work and his major areas of research. The series include: research notebooks; manuscripts and notes on economic principles, money, and methodology; teaching materials; correspondence; biographical and personal materials; related family materials; miscellany; and printed matter.

Menger's work on political economy and on the nature of his subject and its appropriate research method typify changes in the intellectual frontier in fin-de-siecle Vienna, and Europe as a whole. Some of Menger's most explicit thoughts on these subjects are evident in his lecture notes. Although he taught for over thirty years, the collection contains only a small amount of material from this aspect of his career. What one discerns from the lecture notes, however, is a personal sense of the teacher, and his high degree of moral commitment to his work. Menger clearly thought it important to articulate his thoughts on the distinction between political economy and jurisprudence--since that was the faculty in which he taught--and the method and aims of the discipline.

The bulk of the collection consists of Menger's notes and revisions on economic and theoretical topics. The series on general economic principles contains material relating to his first major work, the Grundsätze der Volkswirthschaftslehre, which he published in 1871. Despite the lack of a full-length coherent manuscript for this book, his background work can be discerned from a set of extensive notebooks he kept. These contain extracts of works Menger read, as well as his reactions and reflections. The range of works shows familiarity with classical authors, particularly Aristotle and Plato, through to his own contemporaries. He showed special interest in writers on law, political economy, and theories of knowledge, such as Grotius, Malthus, J. S. Mill, Ricardo, J. B. Say, Roscher, Descartes, Francis Bacon, Locke, Kant, Fichte, Hegel, and Savigny. Many of the notebooks date from the late 1860s and thus, in the absence of more explicit information from Menger about his development, serve the function of intellectual diaries. Early versions of the actual manuscript of the Grundsätze exist in fragmentary form, mostly heavily revised. A table of contents, dated 1870, provides a useful comparison for later revisions and schemas.

The collection contains extensive materials on the subjects of money, the gold standard, and capital theory. The work on money, which is some of the best ordered in the collection, Menger produced as an article for the second edition of the Handwrterbuch der Staatswissenschaften in 1990, with substantial revisions for the third edition in 1909. Yet even after the latter edition, Menger continued to make changes and notations. His work on monetary reform grew out of an appointment to an Austrian state commission on currency and the use of a single or double bullion standard. Newsclippings of the reports have been maintained in the printed matter series.

Although not direct concerns in the Grundsätze, capital and interest received much attention from Menger, particularly in his refutation of his colleague Eugen Bohm-Bawerk's work of 1885, Geschichte und Kritik der Kapitalzinstheorien. Holographic evidence suggests that after dealing with this subject extensively in the late 1880s, Menger did not return to it again until the second decade of the twentieth century, when he was no longer teaching. At that point he resumed his considerations of capital and interest but looked additionally at credit and property.

The series in the collection which seems most opaque and less easily classified by subject deals with Menger's speculations and theories about the goals and methods of research, specifically for political economy, and the classification of knowledge. The appearance of the Untersuchungen über die Methode der Socialwissenschaften, und der Politischen Oekonomie insbesondere in 1883 provoked sharp criticism from Gustav Schmoller, representing the younger German Historical School. Their dispute came to be known as the Methodenstreit. In the following year, Menger replied to Schmoller with his Irrtimer des Historismus in der Deutschen Nationalokonomie. After this, Menger published no further major works, although he continued to produce articles and book reviews for many years. His notes and manuscripts indicate that his research came to an end only with his death.

Menger's professional contacts with respected colleagues such as Emil Sax, Eugen Philippovich, and Bohm-Bawerk demonstrate that although he refused to publish further, he did not work in isolation. The incoming correspondence shows a lively exchange of information about university teaching and politics, news of the profession, and current research. Letters also refer frequently to works of others in the profession. Few drafts of Menger's own letters exist in the collection. A large proportion of these seem to be addressed to Bohm-Bawerk.

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Edward H. Chamberlin (1899-1967) was an economist and professor at Harvard University. This collection consists of his correspondence, research, writings, and items of a personal nature.

The Edward H. Chamberlin papers document his career as an economist and professor. The collection provides an overview of his professional activities, particularly his research and writings on topics such as monopolistic competition, market structure, pricing behavior, economies of scale, and collective bargaining, among others. The collection also documents his correspondence with prominent economists and individuals such as Marice Allais, Luigi Einaudi, Dwight Eisenhower, Howard S. Ellis, Milton Friedman, John Kenneth Galbraith, Gottfried Haberler, Frank Hahn, Roy Harrod, Friedrich A. Hayek, Richard Kahn, Nicholas Kaldor, Frank Knight, Emil Lederer, Wassily Leontief, Abba Lerner, Gertrud Lovasy, Fritz Machlup, Hans Neisser, J. F. Normano, Francois Perroux, Dennis H. Robertson, Joan Robinson, Paul Samuelson, Thomas Schelling, Robert Schuman, Joseph Schumpeter, Ben Seligman, George Stigler, Frank Taussig, Gerhard Tintner, Jaroslav Vanek, Jacob Viner, and many others.

Along with his scholarship and writings, the collection documents Chamberlin's roles in the American Economic Association, American Academy of Arts and Sciences, Council of Economic Advisers, and the Rockefeller Foundation project to aid refugee scholars fleeing Europe during the 1930s; his editorship of the Quarterly Journal of Economics; his speaking engagements; expert testimony in legal proceedings and before houses of the United States Congress; and his departmental roles, committee work, and teaching contributions at Harvard. The collection also contains personal artifacts documenting Chamberlin's service in the National Guard during World War 1, his service as a member of the Office of Strategic Services (OSS) during World War 2, as well as awards and honorary degrees.

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Oskar Morgenstern papers, 1866-1992 and undated 41.8 Linear Feet — 27,691 Items

Economist, university professor, and author in Austria and U.S., born Carl Friedrich Alfred Oskar Morgenstern in Germany. The papers of Oskar Morgenstern, who is associated with the Austrian School of Economics, span the years 1866-1992, although the bulk of the materials date from 1917 to 1977. They consist of correspondence, diaries, subject files, printed material, audiovisual material, manuscript and printed writings and their supporting papers, and biographical and bibliographical information about his career and publications. The collection principally concerns Morgenstern's work as an economic theorist, university professor, author and lecturer, and consultant to business and government.

The papers of Oskar Morgenstern, who is associated with the Austrian school of economics, span the years 1866-1992, although the bulk of the materials date from 1917 to 1977. They consist of correspondence, diaries, subject files, printed material, audiovisual material, manuscript and printed writings and their supporting papers, and biographical and bibliographical information about his career and publications. The collection principally concerns Morgenstern's work as an economic theorist, university professor, author and lecturer, and consultant to business and government.

The first two decades of Morgenstern's career as an economist, the 1920s and 1930s, were associated with the University of Vienna where he was educated and was a faculty member until his emigration to the United States in 1938. He published major books about economic forecasting (1928) and the limits of economics (1934) and numerous other writings in which the subjects of business cycles, prices, the depression of the 1930s, economic conditions in Europe and America, currency and exchange, and economic history and theory are prominent. Information about them is scattered throughout the Correspondence, Writings and Speeches, and Subject Files Series. Morgenstern's interests and correspondents were international, although principally European and American. A considerable part of the correspondence and writings during these years, and all of the diaries, are written in German. English is also prominent, and other languages also occur.

Morgenstern's output of publications during the 1940s, his first decade at Princeton University, was less extensive than in the 1930s, but he and John von Neumann published their classic Theory of Games and Economic Behavior in 1944. As Princeton editor Sanford G. Thatcher wrote in 1987, in sheer intellectual influence, it probably has stimulated more creative thinking, in a wider variety of fields of scholarship, than any other single book Princeton University Press has published. Information about this book and subsequent international developments in game theory pervades the Correspondence, Subject Files, and Writings and Speeches Series until Morgenstern's death. The elaboration of game theory was not only theoretical but also practical, and Morgenstern's writings and projects illustrate its applications, especially in U.S. military and foreign policy during the Cold War.

The Writings and Speeches Series, including the diaries, and the Subject Files Series are extensive for the 1940s as they are for the later decades of Morgenstern's career. The Correspondence Series, however, is extensive only for the 1920s, 1930s, and 1970s. Part of his correspondence apparently did not survive. However, Morgenstern routinely placed letters and other material in his files for subjects and writings, and many letters are to be found there. There are a number of letters for some correspondents, but extensive correspondence with an individual is not characteristic of this collection. A person's letters may be filed in more than one chronological group of correspondence.

Morgenstern published prolifically during the 1950s to 1970s. His major books focused on accuracy in economics (1950), organization (1951), national defense (1958), international finance and business cycles (1959), the peaceful uses of underground nuclear explosions (1967), stock market prices (1970), political, economic, and military forecasting (1973), and expanding and contracting economies in various societies (1976). These books and numerous articles and reviews reveal his interest in economic theory, international economic problems, and the application of mathematics and economics to public policy problems. The Writings and Speeches, Subject Files, and Correspondence Series document many of his publications and such topics as the Cold War, nuclear issues, military and naval affairs (especially the U.S. Navy), defense, space, economic analysis, game theory, the stock market, business cycles, mathematics and economics, statistical validity, and his work with John von Neumann, Martin Shubik, Friedrich A. von Hayek, Gottfried Haberler, Antonio de Viti de Marco, Eveline Burns, Gerald L. Thompson, N. N. Vorob'ev, and others.

Morgenstern taught at Princeton until his retirement in 1970 when be began teaching at New York University, and both schools are represented, particularly in the Subject Files Series. These files and the Writings and Speeches Series document his relationship with public and private organizations, especially the Office of Naval Research, the Rand Corporation, various foundations and scholarly societies, and Mathematica, a consulting firm that did contract work for government and business. Morgenstern was co-founder of Mathematica. The Mathematica Series contains correspondence, memos, policy reports, project proposals, and research papers. The institutions that are often mentioned include NASA, Office of Naval Research, and Sandia Corporation. Topics, among others, relate to analysis of military conflicts, economics of the space program, management research, or peaceful use of nuclear energy. Some materials related to Mathematica Series are still scattered across the rest of the collection.

Morgenstern habitually incorporated into his files pertinent thoughts or information that might be useful for later consideration. Consequently, the Subject Files and Writings and Speeches Series often include letters, memoranda, lecture notes, writings by others, mathematics, printed material, and other Items. Thus, a file for a topic or publication in 1963 may contain relevant dated material from other years and decades.

The diaries, 1917-1977, are relatively complete, but Morgenstern did not write daily or every month. There are significant gaps: 1918-1920; Feb.-May 1938; March 1946-Jan. 1947; and Sept. 1951-Feb. 1952. Shorter gaps also occur in April-May 1924, Sept. 1925; June-July 1948; and April 1949. The diaries are in the Writings and Speeches Series.

Morgenstern's library of printed material was donated to New York University.

Addition (06-067) (2452 items, 13.5 lin. ft.; dated 1935-1976) contains primarily published works by Morgenstern and his major co-authors such as John von Neumann and Gerald L. Thompson in English, French, Spanish, Italian, and German arranged in alphabetical order. Important works contained in this series include typed manuscript portions of Theory of Games and Economic Behavior with annotations, draft chapters of the Question of National Defense, Long Term Planning with Models of Static and Dynamic Open Expanding Economies, the Mathematica Economic Analysis of the Space Shuttle System and some correspondence, as well as supporting documentation and statistics. There are also three audiotape reels with Morgenstern's lectures.

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William J. Baumol Papers, 1928-2013 127 Linear Feet — 5.74 Gigabytes

William J. Baumol (1922-2017) was an economist and worked as a professor of economics at Princeton University and New York University. This collection consists of his correspondence, research, writings, his collaborations and professional affiliations, and his work as a painter and sculptor.

The William Baumol papers document his career as an economist and artist. The collection provides an overview of his professional activities, including his research on the cost disease, unbalanced growth, productivity growth, entrepreneurship, increasing returns and international trade, anti-trust policy, contestable markets, market structure, macroeconomic theory, and interest rate and monetary theory, among other topics. Baumol's research and writings on the economics of the arts, undertaken and co-authored with his wife Hilda, are included in the collection.

The collection also documents his collaboration and communication with prominent economists such as Maurice Allais, Gary Becker, Alan Blinder, George Dantzig, Robert Dorfman, Milton Friedman, John Kenneth Galbraith, Ralph Gomory, Frank Hahn, Roy Harrod, John Hicks, Ursula Hicks, Samuel Hollander, Nicholas Kaldor, Harold Kuhn, Abba Lerner, Jacob Marschak, Don Patinkin, Lionel Robbins, Joan Robinson, Paul Samuelson, Ralph Turvey, Jacob Viner, and Edward Wolff, among others. Of note is Baumol's longtime collaboration with, and extensive support received from, Sue Anne Batey Blackman.

Along with his scholarship and writings, the collection documents Baumol's leadership roles at the Berkley Center for Entrepreneurship and Innovation and the C.V. Starr Center for Applied Economics at New York University, as well as his extensive expert witness and consulting activities for the Federal Communications Commission, Federal Trade Commission, the Interstate Commerce Commission, the Joint Economic Committee, and the Senate Judiciary Committee, among others. Baumol's consulting was often done through the companies Alderson and Sessions, Mathematica, and Consultants in Industry Economics. His notable expert witness testimonies revolved around regulation in telecommunications (particularly the ATT monopoly), airline ticket prices and sales practices, pricing of railroad freight shipping, and other topics.

Materials from Baumol's teaching at Princeton and New York University, departmental, and committee work are included in the collection. The collection also contains samples of Baumol's artwork, including sketches and paintings.