Documents from Glenn Johnson and F. Taylor Ostrander: Volume 27 Part 3

Monetary conditions necessary for equilibrium:[Keynes] “A Treatise on Money,” Vol. I, Books 3 and 4Robertson's “Banking Policy and the Price Level”Hayek's “Prices and Production”Marshall (short period of equilibrium: quasi-rent – supplementary cost, Book V, Chapters 4, 5, 9)Harrod, The Economic Journal, June 1930, “Notes on Supply”Kahn, The Economic Journal, June 1931, “Relation of Home Investment to Unemployment”

Relation of the expert to democracy

Early in 1931 the Students International Union had invited Williams College President Harry A. Garfield to nominate a Williams student with “interest and knowledge of world affairs” to attend its annual intercollegiate conference of students, some of whom would be chosen to receive scholarships to attend its summer program in Geneva, Switzerland.

Born in Pittsburgh, PA, on November 1, 1910, Taylor Ostrander grew up in Westchester County, back in New York, his family's home state for many generations. He went to public schools in White Plains and Scarsdale and graduated from Hackley School in Tarrytown in 1928; that fall he entered Williams College in Williamstown, MA, where his mother's father was in the class of 1882.

The notes reproduced here were taken by Glenn Johnson in Lloyd Mints’ course on Money and Banking at the University of Chicago in the fall of 1946. Several additional sets of course notes taken by Glenn Johnson have been published in the archival volumes of Research in the History of Economic Thought and Methodology. These included notes from Frank Knight's course on economic theory (Volume 24C) and Albert L. Meyer's course entitled elements of modern economics (appearing in this volume). A brief biography of Glenn Johnson is provided in Volume 24C, along with notes from his course on Agricultural Economics Methodology taught at Michigan State University.

Course Notes

The notes reproduced here were taken by Glenn Johnson in a series of seminars given by John R. Hicks and Tjalling C. Koopmans at the University of Chicago in the fall of 1946. While several additional sets of course notes taken by Glenn Johnson have been published in volumes 24C and 26C of this series, these are somewhat unique in the information they provide on the early economics seminar structure at Chicago, rather than course content.