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Dudley Maynard Phelps was a student in the University of Michigan School of Business Administration's first graduating class, a University of Michigan faculty member (1926-1966), and an American diplomat during, and immediately following, World War II. His papers consist of correspondence, memoranda, research notes, Department of State records, publications, and photographs.

The Dudley M. Phelps papers contain substantial information related to reparations calculations after World War II and the study of marketing and distribution practices in the Soviet Union during the Cold War. Researchers will also be interested in information regarding the first graduating class of the University of Michigan School of Business Administration. The collection comprises of 2.6 linear feet composed mainly of correspondence, memoranda, research notes, reports, and photographs. The collection is arranged into four series: UM School of Business Administration, Department of State, Post-Retirement, and Visual Materials.