Harvard Railroad Economics Exam (1906)
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Harvard Railroad Economics Exam (1906)
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Re: Harvard Railroad Economics Exam (1906)
#2Re: Harvard Railroad Economics Exam (1906)
#3Amusing to me that Minneapolis was important enough at the time that Harvard put it on an exam.
[0] https://www.mnhs.org/millcity/learn/history/flour-milling
[1] https://en.wikipedia.org/wiki/Great_Northern_Railway_(U.S.)
Re: Harvard Railroad Economics Exam (1906)
#4Re: Harvard Railroad Economics Exam (1906)
#5Amusing to me that Minneapolis was important enough at the time that Harvard put it on an exam.
Re: Harvard Railroad Economics Exam (1906)
#6That is very different from what "economics" is today.
But as 'Railway Economy', it does align with the ancient meaning.
Like the word is used today in 'modern' subjects, Green Economy, Circular Economy (which is not Circular Flow), etc.
BTW, welcome, new user.
Re: Harvard Railroad Economics Exam (1906)
#7That is very different from what "economics" is today.
Re: Harvard Railroad Economics Exam (1906)
#8In America.
How times have changed!
Re: Harvard Railroad Economics Exam (1906)
#9That is very different from what "economics" is today.
Oikonomia originally referred to the 'running of a household':
> The earlier term for the discipline was 'political economy', but since the late 19th century, it has commonly been called 'economics'.[22] The term is ultimately derived from Ancient Greek οἰκονομία (oikonomia) which is a term for the "way (nomos) to run a household (oikos)", or in other words the know-how of an οἰκονομικός (oikonomikos), or "household or homestead manager". Derived terms such as "economy" can therefore often mean "frugal" or "thrifty".[23][24][25][26] By extension then, "political economy" was the way to manage a polis or state.
* https://en.wikipedia.org/wiki/Economics#Definitions_of_econo...
* https://en.wikipedia.org/wiki/Oeconomicus (Xenophon)
* https://en.wikipedia.org/wiki/Economics_(Aristotle)
> The term 'economics' was previously known as political 'economy'. This term evolved from the French Mercantilist usage of économie politique, which expanded the notion of economy from the ancient Greek concept of household management, to the national level, as the public administration of state affairs. James Stuart (1767) authored the first book in English with 'political economy' in its title […]
* https://en.wikipedia.org/wiki/Definitions_of_economics
The household here being a company.
Re: Harvard Railroad Economics Exam (1906)
#10Wow. Looks like Harvard's Class of 1906-ish was expected to understand and operate parts of the real-world economy. In America. How times have changed!
Nor does this kind of snark actually add any value to the discussion in HN and clearly breaks multiple rules of HN [0]