DACS

metzlerlloyd Inventory of the Lloyd Appleton Metzler Papers, 1937-1974 Processed by: Rubenstein Library staff; machine-readable finding aid created by: Robert Carlson David M. Rubenstein Rare Book & Manuscript Library Duke University Durham, N.C., USA

Aleph Number: 002440992

Machine-readable finding aid derived from XML authoring program. Date of source: April 2009Processed by Rubenstein Library staff, January 1988; finding aid encoded by Robert Carlson and Paula Jeannet Mangiafico, David M. Rubenstein Rare Book & Manuscript Library, Duke University, October 2009 Description is in English Finding aid was prepared using DACS and local Style Guide Inventory of the Lloyd Appleton Metzler Papers, 1937-1974 David M. Rubenstein Rare Book & Manuscript Library Duke University Durham, North Carolina 27708-0185 USA

Descriptive Summary David M. Rubenstein Rare Book & Manuscript Library, Duke University Metzler, Lloyd A. (Lloyd Appleton). Lloyd Appleton Metzler Papers, 1937-1974 Material in English 14.0 Linear Feet Approximately 10,300 Items For current information on the location of these materials, please consult the Library's online catalog. Economist, University of Chicago faculty member, and consultant to a number of U.S. government agencies. Collection spans the years 1937-1974 and consists chiefly of Metzler's correspondence, notes and drafts, printed material, course-related materials, and typed copies of works by Metzler and others. Significant correspondents include Paul Samuelson and Kenneth Arrow. Most items relate to his career as an economic consultant for several U.S. government agencies including the Federal Reserve Board (1940s). Others relate to his work as a professor of economics at the University of Chicago. Topics covered by his papers include post-World War II policy and planning, British-American economic negotiations after the war, German monetary reform, monetary aspects of international trade, exchange rates, income transfer, instability theories, and the application of mathematics to economic theory. Collection is minimally processed and may need further processing before materials can be used. Administrative Information Access Restrictions

Collection is open for research.

However, collection may contain materials to which the Acknowledgment of Legal Responsibilities and Privacy Rights form applies. Patrons must sign this form before using this collection.

Also, all or portions of this collection may be housed off-site in Duke University's Library Service Center. Consequently, there may be a 24-hour delay in obtaining these materials.

Please contact Research Services staff before visiting the David M. Rubenstein Rare Book & Manuscript Library to use this collection.

The copyright interests in this collection have not been transferred to Duke University. For more information, consult the copyright section of the Regulations and Procedures of the David M. Rubenstein Rare Book & Manuscript Library.

Preferred Citation

[Identification of item], Lloyd Appleton Metzler Papers, David M. Rubenstein Rare Book & Manuscript Library

Provenance

The Lloyd Appleton Metzler Papers were received by the David M. Rubenstein Rare Book & Manuscript Library as a gift from Richard Appleton Metzler in October 1987.

Processing Information

Processed by Rubenstein Library staff, January 1988

Collection is minimally processed and needs further processing before materials can be used.

Encoded by Robert Carlson and Paula Jeannet Mangiafico, October 2009

Accessions 87-126 and 87-162 were merged into one collection, described in this finding aid.

Descriptive sources and standards used to create this inventory: DACS, EAD, NCEAD guidelines, and local Style Guide.

This finding aid is NCEAD compliant.

Collection Overview

The Lloyd A. Metzler Papers span the years 1937-1974 and consist chiefly of professional correspondence, research notes ad drafts, printed material, teaching material, and typed drafts or reprints of works by Metzler and others. Significant correspondents include Moses Abramovitz, Kenneth Arrow, Harry Johnson, James Meade, and Paul Samuelson, with many letters, particularly between Meade, Metzler, and Johnson (1940s-1950s), containing in-depth exchanges about economics. There are a few exchanges with Gottfried Haberler on international trade. Several folders contain significant notes from Metzler's own student days at Harvard in the 1930s with Joseph Schumpeter, Wassily Leontief, and O. H. Taylor. Many items in the collection relate to Metzler's wartime service as an economic consultant for several U.S. government agencies including the Federal Reserve Board, as well as his post-war work with the Department of State and with the Secretary of the Treasury on monetary policy, among other issues. Other items relate to his work as a professor of economics at the University of Chicago, and offer insights into the views he held on economics in the context of the Chicago School. Topics represented by materials in the collection include post-World War II policy and planning, including British-American economic negotiations after the war and German monetary reform; monetary aspects of international trade; exchange rates; income transfer; instability theories; and the application of mathematics to economic theory. Some files of research notes and paper drafts contain unpublished work; one draft contains handwritten comments by Viner. Collection is minimally processed and needs further processing before materials can be used.

Biographical Note

Lloyd Appleton Metzler was born in Kansas in 1913. As an economist he became known for his research on international trade, tariffs, the business cycle, macro-monetary theory, mathematical economics, and instability. The "Metzler paradox" relating to tariff theory was named for him, and in mathematical economics the "Metzler matrix" also bears his name. Graduating from Harvard in 1942, he was awarded a Guggenheim Fellowship. He served as a consultant to several U.S. Government commissions and the Federal Reserve Board during World War II, and was a member of the Yale faculty from 1946-1947. He subsequently spent most of his career at the University of Chicago, where he was a Keynesian economist rather than following the Chicago School of thought. In 1973 Harvard University Press published Metzler's Collected Papers, which were chiefly written between 1941 and 1951. After 1952 a brain tumor presented major health problems and affected his scholarly output. Metzler was honored as a Distinguished Fellow of the American Economic Association in 1968. He died in 1980.

Subject Headings

These are searchable subject entries for this collection. Performing a search on these subjects in the Duke University Libraries online catalog will bring up other related research materials.

Abramovitz, Moses. Arrow, Kenneth Joseph, 1921- Economics--History--20th century. Economics--Study and teaching (Higher)--United States. Economists--United States--Correspondence. Foreign exchange rates--History. Government economists--United States. Great Britain--Economic conditions--1945-1964. Haberler, Gottfried, 1900- Harvard University--Dept. of Economics--Faculty. International trade--Economic aspects. Johnson, Harry G. (Harry Gordon), 1923-1977. Meade, J. E. (James Edward), 1907-1995. Metzler, Lloyd A. (Lloyd Appleton). Monetary policy--Germany. Monetary policy--United States. Samuelson, Paul A. (Paul Anthony), 1915- Stabilization, Economic. United States--Economic conditions--1918-1945. United States. Federal Reserve Board. University of Chicago--Faculty. University of Chicago. Dept. of Economics--Faculty. World War, 1939-1945--Economic aspects. Contents of Collection Lloyd A. Metzler Papers, 1937-1974 (11 boxes) 1Former inventory containing more details on contents (though box arrangement no longer exactly applicable) Unpublished papers (other authors) Cowles' papers for the Activity Analysis Conference (early versions) Arrow's instability theorem (early version) The Chile Project, University of Chicago, 1956 Sketches for papers 2Exclusively Federal Reserve print materials and papers 3University of Chicago teaching material International economics (courses and class notes), 1950s Theses Robert Mundell paper (circa 1964) on stability with comments by Metzler revealing his own views of Hicks and Samuelson's contributions 4Correspondence (A-H)(5 folders) Kenneth Arrow R. G. D. Allen Letters to Congressmen Post-War Britain material Post War Recovery by G. E. Robert Meyer, 1958 5Correspondence (I-W) Treasury Department correspondence Paul Samuelson correspondence; lengthy letter to Metzler on stability in relation to Samuelson and Hicks Metzler's papers, drafts of work Teaching material International Economics exams and course information, 1951-1960 6Metzler reprints Stability paper Graham's Theory of International Values Flexible exchange ratios and the theory of employment Tariffs, movements of international demand, and domestic prices Matrix theory notes (algebraic) Drafts The rate of interest on the marginal pursuit of capital World prosperity and the British balance of payments 7Harvard teaching materials, 1930s Volume of class notes from Joseph Schumpeter, Wassily Leontief, and O. H. Taylor, 1937-1938 Division of History, Government and Economics. Division Examinations for the Degree of A. B., 1938-1939 Metzler reports and papers, 1944-1946 Post-War British debts Inventory cycle notes Foreign Trade Agreement Report by the Committee on Ways and Means, May 1945 8Drafts Material for Metzler's collected papers Seminar and lecture notes University of Chicago Toronto Department of State, 1949 9Collected papers material (Metzler) Harvard Economic Studies, Harvard University Press Teaching materials Harvard class readings, 1938-1939 University of Chicago exams, reading lists, and course information, 1960s 10Collected papers Reports, 1945-1970s Federal Reserve material: working papers for staff, brochures, bulletins, research memos, 1943-1951 11Teaching material Course exams Reading material Department of State correspondence (includes Metzler's biographical information)