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Study Guide: Gottfried Haberler: Economic Contributions and Career

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Gottfried Haberler: Economic Contributions and Career Study Guide

Biographical Foundations

Haberler's habilitation thesis was titled "The Meaning of Index Numbers" and qualified him to teach at the University of Vienna in 1928.

Answer: True

Explanation: Gottfried Haberler's academic qualification to teach at the University of Vienna was secured in 1928 through his habilitation thesis, which bore the title "Der Sinn der Indexzahlen" (The Meaning of Index Numbers).

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Haberler's habilitation work, "Der Sinn der Indexzahlen," was published in 1928.

Answer: True

Explanation: Gottfried Haberler's habilitation work, titled "Der Sinn der Indexzahlen" (The Meaning of Index Numbers), was indeed published in 1928, marking a significant milestone in his academic career.

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The Austrian School of economics is significant for Haberler because he received his foundational economic education within this framework.

Answer: True

Explanation: The Austrian School of economics holds significant importance for Gottfried Haberler, as he received his foundational economic education within this intellectual tradition at the University of Vienna.

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Haberler's doctoral advisors at the University of Vienna were Friedrich Hayek and Ludwig von Mises.

Answer: False

Explanation: Gottfried Haberler's doctoral advisors at the University of Vienna were Othmar Spann and Ludwig von Mises, not Friedrich Hayek.

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Haberler's doctoral dissertation focused on the history of doctrines of exchange rate theories.

Answer: True

Explanation: Gottfried Haberler's doctoral dissertation, completed in 1923, was titled "Dogmengeschichte der Wechselkurstheorien," which translates to "History of Doctrines of Exchange Rate Theories."

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The reference to the Austrian Law on the Abolition of Nobility ("de:Adelsaufhebungsgesetz") suggests Haberler was born into a family that lost noble titles due to Austrian law.

Answer: True

Explanation: The reference to the "de:Adelsaufhebungsgesetz" (Austrian Law on the Abolition of Nobility) suggests that Gottfried Haberler may have originated from a family that held noble titles prior to the enactment of this law in Austria.

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What was the title of Gottfried Haberler's habilitation thesis, which served as his qualification for teaching at the University of Vienna?

Answer: The Meaning of Index Numbers

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What inference can be drawn regarding Gottfried Haberler's background from the reference to the Austrian Law on the Abolition of Nobility ("de:Adelsaufhebungsgesetz")?

Answer: His family may have held noble titles before the law was enacted.

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Core Economic Theory

Gottfried Haberler reformulated the theory of comparative advantage by shifting the focus from the labor theory of value to opportunity cost.

Answer: True

Explanation: Gottfried Haberler's seminal contribution to international trade theory involved reformulating the concept of comparative advantage. He adeptly shifted the analytical foundation from the classical labor theory of value to the more encompassing principle of opportunity cost, thereby modernizing the theory within a neoclassical framework.

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Haberler is credited with developing the concept of opportunity cost, building upon the work of John Stuart Mill and Friedrich von Wieser.

Answer: True

Explanation: Gottfried Haberler is widely acknowledged for his significant role in developing and integrating the concept of opportunity cost into economic theory, building upon the foundational insights of earlier economists such as John Stuart Mill and Friedrich von Wieser.

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What was Gottfried Haberler's principal area of specialization within economics?

Answer: International trade and economic theory, including business cycles and comparative advantage

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In what manner did Gottfried Haberler reformulate the theory of comparative advantage?

Answer: By shifting the focus from the labor theory of value to the concept of opportunity cost.

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Beyond his extensive work in international trade, to which fundamental economic theory is Gottfried Haberler recognized for making significant contributions?

Answer: Opportunity cost

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The foundational concept of opportunity cost is primarily attributed to the pioneering work of which English economist?

Answer: John Stuart Mill

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Major Works and Publications

Gottfried Haberler's two most significant works are considered to be "Theory of International Trade" (1936) and "Prosperity and Depression" (1937).

Answer: True

Explanation: The scholarly consensus identifies "Theory of International Trade" (1936) and "Prosperity and Depression" (1937) as Gottfried Haberler's two most impactful contributions to economic literature.

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In 1933, Haberler published a work titled "International Trade" in German.

Answer: True

Explanation: In 1933, Gottfried Haberler authored a significant publication in German titled "Der Internationale Handel," which translates to "International Trade."

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Haberler's 1936 book on international trade is titled "The Theory of International Trade" and is available via mises.org.

Answer: True

Explanation: Gottfried Haberler's influential 1936 book focusing on international trade bears the title "The Theory of International Trade," and digital versions are accessible through resources like mises.org.

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Haberler's 1949 article in Kyklos was titled "The Market for Foreign Exchange and the Stability of the Balance of Payments."

Answer: True

Explanation: In 1949, Gottfried Haberler published an article in the journal Kyklos entitled "The Market for Foreign Exchange and the Stability of the Balance of Payments."

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Haberler's 1952 article in the Journal of Political Economy (JPE) discussed the Pigou effect.

Answer: True

Explanation: Gottfried Haberler's 1952 contribution to the Journal of Political Economy (JPE) engaged with the economic concept known as the Pigou effect.

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Haberler's 1964 article in the American Economic Review (AER) was titled "Integration and Growth of the World Economy in perspective."

Answer: True

Explanation: The American Economic Review (AER) published Gottfried Haberler's article titled "Integration and Growth of the World Economy in perspective" in 1964.

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The book "Money in the International Economy" by Gottfried Haberler was published in 1965.

Answer: True

Explanation: Gottfried Haberler's scholarly work, "Money in the International Economy," was published in the year 1965.

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Gottfried Haberler wrote a book titled "Inflation: Its causes and cures" published in 1960.

Answer: True

Explanation: The book "Inflation: Its causes and cures," authored by Gottfried Haberler, was published in 1960.

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The book "Incomes Policy and Inflation" by Gottfried Haberler was published in 1971.

Answer: True

Explanation: Gottfried Haberler's publication "Incomes Policy and Inflation" was released in 1971.

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Both "Economic Growth and Stability" and "Two Essays on the Future of the International Monetary Order" were published in 1974.

Answer: True

Explanation: The year 1974 marked the publication of two distinct works by Gottfried Haberler: "Economic Growth and Stability" and "Two Essays on the Future of the International Monetary Order."

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Haberler's 1976 book was titled "The World Economy and the Great Depression."

Answer: True

Explanation: Gottfried Haberler's 1976 publication was titled "The World Economy and the Great Depression."

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Haberler's 1985 book, "The Problem of Stagflation," analyzed the causes and cures of inflation.

Answer: False

Explanation: While Gottfried Haberler published "The Problem of Stagflation" in 1985, its focus was on the broader phenomenon of stagflation, encompassing stagnant growth and inflation, rather than solely analyzing the causes and cures of inflation as a distinct issue.

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A. Koo edited the "Essays of Gottfried Haberler" published in 1985.

Answer: True

Explanation: The collection titled "Essays of Gottfried Haberler," published in 1985, was edited by A. Koo.

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"The Liberal Economic Order," edited by A. Koo, was published in 1993.

Answer: True

Explanation: The volume "The Liberal Economic Order," edited by A. Koo, was published in 1993.

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Which of the following publications is generally NOT classified among Gottfried Haberler's two most significant seminal works?

Answer: Money in the International Economy (1965)

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In which academic journal did Gottfried Haberler publish his 1931 article titled "Irving Fisher's 'Theory of Interest'"?

Answer: The Quarterly Journal of Economics (QJE)

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What was the original German title of Gottfried Haberler's 1933 publication, which translates to "International Trade"?

Answer: Der Internationale Handel

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In which journal did Gottfried Haberler publish his 1936 article, "Mr Keynes' Theory of the Multiplier"?

Answer: Zeitschrift für Nationalökonomie (ZfN)

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In what year was the third edition of Gottfried Haberler's seminal work, "Prosperity and Depression: A theoretical analysis of cyclical movements," released?

Answer: 1946

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What specific economic concept was the subject of Gottfried Haberler's 1952 article published in the Journal of Political Economy (JPE)?

Answer: The Pigou effect

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In which prominent academic journal did Gottfried Haberler publish his 1950 article, "Some Problems in the Pure Theory of International Trade"?

Answer: The Economic Journal (EJ)

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Published in 1965, which book by Gottfried Haberler explored the role and management of money within the global economic system?

Answer: Money in the International Economy

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What was the title of Gottfried Haberler's 1968 contribution to the edited volume "International Trade and Central Planning"?

Answer: Theoretical Reflections on the Trade of Socialist Countries

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Which pair of books authored by Gottfried Haberler were both published in the year 1974?

Answer: Economic Growth and Stability and Two Essays on the Future of the International Monetary Order

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What is the full title of Gottfried Haberler's 1985 book that addresses the phenomenon of stagflation?

Answer: The Problem of Stagflation: Reflection on the Microfoundation of Macroeconomic Theory and Policy

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Who served as the editor for the collection "The Liberal Economic Order," published in 1993?

Answer: A. Koo

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Academic and Professional Career

Gottfried Haberler joined Harvard University's economics department in 1936 and worked with Milton Friedman.

Answer: False

Explanation: Gottfried Haberler joined Harvard University's economics department in 1936; however, the prominent economist he worked with during that period was Joseph Schumpeter, not Milton Friedman.

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During the period of 1927 to 1929, where did Gottfried Haberler undertake post-doctoral studies?

Answer: University of London and Harvard University

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In which specific period did Gottfried Haberler hold a position with the League of Nations?

Answer: 1934-1936

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Following his relocation to the United States in 1936, at which academic institution did Gottfried Haberler assume a faculty position?

Answer: Harvard University

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From 1950 to 1953, what significant leadership position did Gottfried Haberler occupy?

Answer: President of the International Economic Association

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Upon concluding his tenure at Harvard University in 1971, at which institution did Gottfried Haberler assume the role of resident scholar?

Answer: The American Enterprise Institute

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Gottfried Haberler's book "Incomes Policy and Inflation" was published in the same year he concluded his tenure at Harvard University. What year was this?

Answer: 1971

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Economic Analysis and Policy

Haberler agreed with the assertion of a systematic, long-term decline in the terms of trade for primary commodity producers.

Answer: False

Explanation: Contrary to the assertion of a systematic, long-term decline in the terms of trade for primary commodity producers, Gottfried Haberler expressed reservations and later disputed this particular thesis, especially as presented in certain post-war analyses.

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Haberler's 1957 GATT report concluded that terms of trade for primary commodity producers had improved significantly.

Answer: False

Explanation: Gottfried Haberler's 1957 GATT report concluded that the terms of trade for primary commodity producers had experienced a decline, not an improvement.

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The conclusions drawn from Gottfried Haberler's 1957 GATT report concerning the terms of trade bore a notable resemblance to the prior research conducted by which pair of economists?

Answer: Raúl Prebisch and Hans Singer

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What specific assertion concerning the long-term trajectory of the terms of trade for primary commodity producers did Gottfried Haberler notably dispute?

Answer: A systematic, long-term (secular) decline in terms of trade for primary producers.

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