Grounded Empiricism, 1931 to 1939

Warren Young and Frederic Lee
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Warren Young: Deakin University

Chapter 5 in Oxford Economics and Oxford Economists, 1993, pp 119-136 from Palgrave Macmillan

Abstract: Abstract Up to the early 1930s, the development of economics teaching had been the outcome of the Oxford college’s response to the rising number of students reading for the PPE examinations. Things began to change when, in February 1931, the Hebdomadal Council decided to conduct a review of the future financial needs of the University. The various faculties of the University were asked to submit a list of the developments, arranged in order of importance, necessary for the progress of the areas of study for which they were responsible. In this context, the Social Studies Board undertook a survey of the needs of the Honour School of PPE, including the needs of those faculty members lecturing in economics. The outcome of this was the Board’s recommendation that a Readership in Statistics and a Chair in Finance and Currency be established immediately, and that a Chair in Economic Organisation would also be needed. The Board also noted that the proper development of economic studies at Oxford required the establishment of a Department or Institute of Economics furnished with equipment and apparatus for statistical research. The Council considered these recommendations and made a report to the Congregation during June 1931, in which it recommended the immediate establishment of the Readership in Statistics and the future establishment of a Chair of Finance and Currency. The Council also noted in the same report that facilities for research in economics could be obtained by utilising vacant rooms in the new building of the Agricultural Economics Research Institute.1

Keywords: Interest Rate; Trade Cycle; Ground Empiricism; Capital Expenditure; Rockefeller Foundation (search for similar items in EconPapers)
Date: 1993
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DOI: 10.1057/9780230374379_6

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