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The Early Years of the MIT PhD Program in Industrial Economics

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  • Pedro Garcia Duarte

Abstract

The immediate postwar period witnessed not only a considerable expansion of economics graduate education in the United States but also its reformulation. Graduate education at MIT became more technical, with shorter theses on narrowly defined problems. This occurred as economics was going through important changes, informed by its mathematization, by the stabilization of a neoclassical way of doing economics, by the advancement of econometrics and the “Keynesian revolution,” and by the Americanization of economics. The MIT PhD program in economics was created only in 1941 but very quickly became a major producer of PhDs. The new training offered by MIT to economists not only followed larger changes in US academe but also contributed to them, and this makes it an important case study of the transformation of American economics more generally. My aim here is to scrutinize the formative years of this graduate program, mostly the 1940s and 1950s.

Suggested Citation

  • Pedro Garcia Duarte, 2014. "The Early Years of the MIT PhD Program in Industrial Economics," History of Political Economy, Duke University Press, vol. 46(5), pages 81-108, Supplemen.
    • Handle: RePEc:hop:hopeec:v:46:y:2014:i:5:p:81-108
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    Cited by:

    1. Alessandro Roncaglia, 2017. "La rivoluzione dello shale oil e i mercati finanziari (The Shale Oil Revolution and Financial Markets)," Moneta e Credito, Economia civile, vol. 70(278), pages 173-193.
    2. Matheus Assaf, 2017. "Coast to Coast: How MIT's students linked the Solow model and optimal growth theory," Working Papers, Department of Economics 2017_20, University of São Paulo (FEA-USP).
    3. Erich Pinzón-Fuchs, 2018. "Lawrence R. Klein and the making of large-scale macro-econometric modeling, 1938-1955," Documentos CEDE 16161, Universidad de los Andes, Facultad de Economía, CEDE.
    4. Chassonnery-Zaïgouche, Cléo, 2020. "How Economists Entered The ‘Numbers Game’: Measuring Discrimination In The Us Courtrooms, 1971–1989," Journal of the History of Economic Thought, Cambridge University Press, vol. 42(2), pages 229-259, June.

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    Keywords

    industrial economics; MIT;

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