Two articles, one by W. Allen Wallis on the Mathematical Statistics Group at Columbia University during World War II,1 and the other by Edward Shils on his graduate student days at the University of Chicago in the 1930s,2 have encouraged me to set down my recollections of the Economics Department at Columbia Univer sity during the early 1930s when Wesley Clair Mitchell and John Maurice Clark gave it luster, if not leadership. Their peers in the economics profession at large had selected Mitchell and Clark as the first and second recipients respec tively of the John Bates Clark medal awarded by the American Economic Association to those who had made the greatest contributions to the advance of the discipline. Within three short years at the end of the 1920s the center of gravity of the Economics Department at Columbia shifted radically. In 1928 Henry Moore, an early contributor to mathematical-statistical studies of economics, retired and disappeared from the academic scene where he had never played a prominent role. In 1930 Edwin R. A. Seligman, the long-term chairman of the department suffered a mild heart attack; he retired to be succeeded by Henry Seager, a specialist in labor, who died that same summer while on a visit to Eastern Europe. Seligman was a man of parts. Three decades earlier he had written a little book, The Economic Interpretation of History which pro vided academic respectability to American scholars who sought to deal seriously with Karl Marx.3 He had a long list of contributions to public finance and had played an important role in getting the federal income tax law onto the books. A man of independent means, he supported many students, especially foreign students who ran out of funds. Just prior to his retirement he had completed a major inquiry into consumer credit, a project financed by General Motors, for which it was reported he had received a fee of $250,000 ($2 million in 1989 dollars!) Seligman concluded that there was nothing wrong from the viewpoint of economics or ethics in consumers buying on credit. A Jew by birth, and a leading member of the Ethical Culture Society, Seligman was much conflicted about his Jewishness, especially when confronting those of Zionist persuasion. He once told me that he had contributed to the University of Calcutta but, as a matter of principle, refused to make a donation to the Hebrew University in Jerusalem. Aware of the anti-Semitism in elite U.S. universities, he was concerned about the prospects of young Jewish academicians. One amusing episode: After his retirement, he continued to come to the campus and sought to stay abreast of what was happening. I told him in one of our frequent meetings of a talented new student, Moses Abramovitz. He asked how he spelled his name. When I indicated it was with a v rather than a w, Seligman indicated great relief. The hard core of the old department in addition to Seligman, Seager and Moore in cluded Vladimir G. Simkhovitch who offered courses on socialism and economic history. Russian by birth and German by education, Simkhovitch, even with the perspective of time is not easy to characterize and even harder to evaluate. A collector of Chinese art and a grower of delphiniums in Perry, Maine, he was recognized as an expert in both fields. Most students, the bright as well as the dull, considered his lectures somewhat tedious dis traction from serious work on contemporary economics; they had little interest in his exhaustion of the soil explanation for the decline of Rome4 or his Edward Bernstein-modified critique of Karl Marx.5 But a few of us recognized V. G.'s insightfulness and over looked his failings, defects which included a proneness for character defamation and vindic tiveness as well as immature behavior toward female students.