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This collection consists of the records relating to the faculty and curriculum of the Department of Economics, primarily during the 1940s and 1950s, when prominent faculty members included James Angell, Arthur Burns, Carter Goodrich, Carl Shoup, Horace Taylor and William Vickerey. The collection also includes Carl Shoup's records from when the School of Business was administratively under the Department of Economics. There are also materials from Donald Dewey's courses: outlines, reading lists, exams, etc.

The collection is comprised of correspondence, manuscripts, teaching materials, conference materials, subject files, and printed items from William S. Vickrey's career as an economist. It contains published and unpublished papers illustrating his thoughts on various aspects of economic theory and their practical application. Topics discussed in these manuscripts involve macroeconomics, marginal cost pricing, microeconomics, political economy and welfare, public finance, social choice, taxation, transportation, urban economics, and related matters. The collection also has records from his tenure at Columbia University, including correspondence with his academic colleagues and participation in professional activities.