DOCSLIB.ORG

Timothy J. Schibik, Ph. D. Office: BE1019 (Inside the Main COB Offices – BE1015) Office Hours: by Appointment

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Timothy J. Schibik, Ph. D. Office: BE1019 (Inside the Main COB Offices – BE1015) Office Hours: by Appointment University of Southern Indiana Romain College of Business Department of Economics and Marketing ECON461: History of Economic Thought Fall 2018 Instructor: Timothy J. Schibik, Ph. D. Office: BE1019 (inside the main COB offices – BE1015) Office Hours: By appointment. Office Phone: (812) 464-1979 (Mary Spahn in the Main Office) e-mail: [email protected] Course Prerequisite: Econ208 and Econ209 Note: This course counts as an economics elective for economics majors/minors and as a 300/400 level elective for all other majors at the university. Text: Heilbroner, Robert L., The Worldly Philosophers: The Lives, Times, and Ideas of the Great Thinkers, 7th Edition Newly Revised, Touchstone – Simon Shuster Pub. Co., 1999. Course Objective: The overall objective of this course is to introduce the origins and evolution of economic theory from its formative stages to the present. The focus will be on developing the interrelationships between the historical environment and development of economic theory to be used in understanding existing social realities. Upon completion of this course, student should be able to: recognize the various schools of economic thought, along with their origins and evolution; summarize the main characteristics of the various schools of economic thought; describe the technological, ideological and social forces that have influenced these schools of thought; identify the various economic theories that were/are used to explain and analyze particular choices at various points in time; distinguish the impacts that the various schools of thought have had on current “mainstream” economics, and; ask yourselves the important questions (i.e., What do I know?, How do I know?, What do I believe?, and Why do I believe it?) and arrive at defendable answers. College of Business Skill Development: This course will help to develop: Primary – Critical Thinking, Secondary – Written Communications Econ461 Syllabus Schibik Fall 2018 Class Expectations: All students are expected to attend all class sessions and to actively participate in class discussions. Participation requires that you attend class, however attendance alone does not constitute “participation.” Participation includes attending class, asking questions, answering questions, engaging in discussions and offering information relevant to the course. Each student must complete all reading assignments before they are discussed in class. Grading Policy: Grades are based solely on your class attendance, class participation and in-class presentations. Potential Points: Grading Scale: Participation 50 A's 90% - 100% Term Paper 50 B's 80% - 89% Midterm Exams 100 C's 70% - 79% Final Exam 50 D's 60% - 69% 250 F's below 60% Term Paper: A research paper of more than ten pages (11 or more pages) is required in this course. The topic must be in economic thought. Here are four options – 1. One option is to write an historical survey of economic theories or philosophies on a particular topic. Topics that you may find interesting would include population growth, environmental protection, determination of wages (or rent or profits), effects of colonialism, arguments for protectionism, economics of education or health, philosophies of taxation, etc. These are only a few of the possibilities; choose a topic that is interesting to you. In this case, you might begin by exploring whether ancient authors addressed the topic (Bible, Greeks, Romans, etc.), and then you can move forward through time to review its treatment by classical economists (Adam Smith and his followers) and modern authors. 2. Another option is to write a review of the economic ideas of some author who is NOT covered extensively in this course. You could, for example survey the writings of Henry Thornton, who played an important role in the development of monetary theory, or you could select one of the prominent Austrian economists: Carl Menger, Ludwig Von Mises, or Friedrich von Hayek. Again, select an author who is interesting to you. In this case, you should read as extensively from primary sources (the author's own works) as possible, rather than relying heavily on secondary sources. 3. Since most of this course is about economic thought in the Western world, you may want to write your paper about economics ideas in some other region. You could, for example, write a paper about the economic ideas that have been influential in East Asia (including, for example, ideas derived from Confucianism) or the Middle East (including, for example, economic concepts in the Koran). 4. If you have an idea for some other kind of project that would apply the material covered in this course, come to my office and talk to me about it. The research paper is designed to accomplish the following objectives: learning how to conduct focused research on an individual; writing a concise research report; analyzing the implications of an individual’s contributions; and placing those contributions into a larger economic context. Econ461 Syllabus Schibik Fall 2018 The paper is due Friday, November 16, 2018 (which is the end of week 13 of the semester – the Friday – BEFORE Thanksgiving) . You should begin early. Please share your topic and a plan for the paper by the end of the fourth week of class (by September 14th). The paper must be typed, double-spaced, 12-point font, have one-inch margins and be at least eleven pages in length. The paper must be in the format of academic work (I recommend you use the APA style manual as a guide). Here are three rules of thumb I will use to grade your term paper: 1. If your paper could have been written without having taken this course, it will not receive a passing grade. It must not only have economic content, but it MUST BE SPECIFICALLY WRITTEN FOR THIS COURSE ONLY. The paper you produce may be good for another course, but without economics history and a review of some economic theory, it will not be a good paper for this course. 2. It must mostly employ a "sophisticated" bibliography. If a preponderance of your sources can be found on EconLit or JSTOR, they pass the sophistication test. If they are from newspapers, Newsweek, etc.., they do not pass the sophistication test. Check with me if you are not sure, and I will itemize your bibliography. I can tell at a glance. 3. The organizational scheme used in your paper must be transparent. I am tired of "subtle" analysis. Hit me over the head with your points and do not be afraid to use titled subsections, a "roadmap" paragraph at the beginning of the paper, and frequent recap sentences at the beginning and end of subsections. If I cannot (in two minutes) diagram your paper, you are in trouble. I will get bored reading your paper and your grade will suffer. Attendance and Make-up Policy: As this is a senior level elective economics course, you are expected to attend all class meetings and to actively participate in each session. As adults, the choice to attend lectures or not rests solely on your shoulders and so do the consequences. Academic Honesty: Academic dishonesty in this class including plagiarism, cheating, submitting another person’s material as one’s own, or doing work for which another person will receive credit will subject a student to disciplinary action as outlined in the Student Rights and Responsibilities: A Code of Student Behavior. If you are found guilty of academic dishonesty in this class, you will receive a grade of “F” for this course and you may be dismissed from your degree program and possibly from USI. Disability Support Services: If you are a USI student with a disability for which you may receive academic accommodations for this class, please register with the Disability Resources (DR) as soon as possible. Students who have or who receive an accommodation letter from DR are encouraged to meet privately with me to discuss the provisions of those accommodations as early in the semester as possible. To qualify for accommodation assistance, students must first register to use the disability resources in ODR, Science Center Rm. 2206, 812/464-1961 (http://www.usi.edu/disabilities). To help ensure that accommodations will be available when needed, you are encouraged to meet with me at least 7 days prior to the actual need for the accommodation. Econ461 Syllabus Schibik Fall 2018 Title IX – Sexual Misconduct USI does not tolerate acts of sexual misconduct, including sexual harassment and all forms of sexual violence. If you have experienced sexual misconduct, or know someone who has, the University can help. It is important to know that federal regulations and University policy require faculty to promptly report incidences of potential sexual misconduct known to them to the Title IX Coordinator to ensure that appropriate measures are taken and resources are made available. The University will work with you to protect your privacy by sharing information with only those who need to know to ensure we can respond and assist. If you are seeking help and would like to speak to someone confidentially, you can make an appointment with a counselor in the University Counseling Center. Find more information about sexual violence, including campus and community resources at www.usi.edu/stopsexualassault. Special Cell Phone Request/Rule: Cell phones have become a major convenience good in our society. However, these instruments of unbridled communication can also present a major distraction to both the user and to those in close proximity. With this is mind; I respectfully require that all cell phones and computers be turned off when you enter this classroom. I will abide by this rule and I ask that you do so as well. PLEASE – DO NOT SIT IN CLASS AND TEXT -- IT IS DISRESPECTFUL -- If you have a special situation that requires that you have access to your cell phone during a specific class time, please notify me prior to that class and place your phone in manner mode.
Load more

Recommended publications
  • Ancient Economic Thought, Volume 1
    ANCIENT ECONOMIC THOUGHT This collection explores the interrelationship between economic practice and intellectual constructs in a number of ancient cultures. Each chapter presents a new, richer understanding of the preoccupation of the ancients with specific economic problems including distribution, civic pride, management and uncertainty and how they were trying to resolve them. The research is based around the different artifacts and texts of the ancient East Indian, Hebraic, Greek, Hellenistic, Roman and emerging European cultures which remain for our consideration today: religious works, instruction manuals, literary and historical writings, epigrapha and legal documents. In looking at such items it becomes clear what a different exercise it is to look forward, from the earliest texts and artifacts of any culture, to measure the achievements of thinking in the areas of economics, than it is to take the more frequent route and look backward, beginning with the modern conception of economic systems and theory creation. Presenting fascinating insights into the economic thinking of ancient cultures, this volume will enhance the reawakening of interest in ancient economic history and thought. It will be of great interest to scholars of economic thought and the history of ideas. B.B.Price is Professor of Ancient and Medieval History at York University, Toronto, and is currently doing research and teaching as visiting professor at Massachusetts Institute of Technology. ROUTLEDGE STUDIES IN THE HISTORY OF ECONOMICS 1 Economics as Literature
    [Show full text]
  • Economic Cycles in Ancient China
    NBER WORKING PAPER SERIES ECONOMIC CYCLES IN ANCIENT CHINA Yaguang Zhang Guo Fan John Whalley Working Paper 21672 http://www.nber.org/papers/w21672 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 October 2015 This paper is the second of a planned series examining the Chinese history of ancient economic thought in light of later Western thought. The first paper is Monetary Theory and Policy from a Chinese Historical Perspective which has been published in China Economic Review (Volume 26, September 2013, Pages 89-104.) This work is of importance in better understanding the Chinese policy response to the global issues of the day; the financial crisis, global warming and climate change. We acknowledge financial support from the Ontario Research Fund (ORF-F3), IDRC, and the Centre for International Governance Innovation (CIGI), Waterloo Ontario. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research. NBER working papers are circulated for discussion and comment purposes. They have not been peer- reviewed or been subject to the review by the NBER Board of Directors that accompanies official NBER publications. © 2015 by Yaguang Zhang, Guo Fan, and John Whalley. All rights reserved. Short sections of text, not to exceed two paragraphs, may be quoted without explicit permission provided that full credit, including © notice, is given to the source. Economic Cycles in Ancient China Yaguang Zhang, Guo Fan, and John Whalley NBER Working Paper No. 21672 October 2015 JEL No. N1,N15 ABSTRACT We discuss business cycles in ancient China.
    [Show full text]
  • HISTORY of ECONOMIC THOUGHT a Selected Bibliography John F
    HISTORY OF ECONOMIC THOUGHT A Selected Bibliography John F. Henry Department of Economics California State University, Sacramento A. Texts and Commentaries of a General Nature (The following list is not meant to be exhaustive, but does represent general accounts from varying points of view. The student should also examine the bibliographies in these works, particularly that in Spiegel. There are also a number of series studies now available, notably from Edward Elgar publisher: Perspectives in the History of Economic Thought which features papers presented at the annual History of Economics Society meeting (9 vols); Pioneers in Economics, Marc Blaug, ed., which contains papers on particular economists (currently at 46 titles); Schools of Thought in Economics, Marc Blaug, general ed. which contains (currently 11) volumes of essays on particular general approaches in economics. Routledge is publishing a Critical Assessments series, edited by John Wood featuring articles written on specific economists: currently, volumes on Joan Robinson, Leontief, Say, and Pareto are published. Routledge also publishes a “Library of 20th Century Economists,” organized around themes–The Chicago Tradition, Socialism and the Market, Origins of Macroeconomics, etc. And, the firm has a “Critical Reviews” and Critical Responses” series. Macmillan has a new series on Contemporary Economists, edited by John Pheby. Finally, Pickering and Chatto (UK) is publishing series on various topics that collect articles written over a several hundred year period: Hageman, H., ed., Business Cycle Theory (4 vols); Emmett, R., Reactions to the South Sea Bubble, the Mississippi Scheme, and the Tulip Mania Affair (3 vols); White, L, ed., The History of Gold and Silver (3vols); O’Brien, D., The History of Taxation (8 vols); Bridel, P., The Foundations of Price Theory (6 vols); Barber, W., et al., eds, Early American Thought (6 vols); Samuels, W., ed., Law and Economics (2 vols); Capie, F., ed., History of Banking, 1650-1850 (10 vols); Ross, D., History of Banking II, 1844-1959 (10 vols).
    [Show full text]
  • A Western Perspective on Kautilya's 'Arthasastra'
    ISSN 1444-8890 ECONOMIC THEORY, APPLICATIONS AND ISSUES Working Paper No. 18 A Western Perspective on Kautilya’s ‘Arthasastra’: Does it Provide a Basis for Economic Science? by Clem Tisdell January 2003 THE UNIVERSITY OF QUEENSLAND ISSN 1444-8890 WORKING PAPERS ON ECONOMIC THEORY, APPLICATIONS AND ISSUES Working Paper No.18 A Western Perspective on Kautilya’s ‘Arthasastra’: Does it Provide a Basis for Economic Science* by Clem Tisdell† January 2003 © All rights reserved † School of Economics, The University of Queensland, Brisbane 4072 Australia. Email: [email protected] * A contribution prepared for a book on Kautilya’s Economics to be jointly edited by Professor Raj Kumar Sen. This contribution owes its original genesis to an invitation from Dr K. V. Ramesh, Director, Oriental Research Institute, University of Mysore, to attend an International Symposium on Kautilya’s ‘Arthasastra’ held to commemorate the centenary of the first discovery of the complete manuscript of this work. ` WORKING PAPERS IN THE SERIES, Economic Theory, Applications and Issues, are published by the School of Economics, University of Queensland, 4072, Australia. For more information write to Professor Clem Tisdell, School of Economics, University of Queensland, Brisbane 4072, Australia or email [email protected] A Western Perspective on Kautilya’s ‘Arthasastra’: Does It Provide a Basis for Economic Science? ABSTRACT In Arthasastra, Kautilya shows a knowledge of basic economics that had no parallels in Western economic thought until the publication of Adam Smith’s Wealth of Nations in 1776. Although the king was at the centre of the body politic in Kautilya’s time, Kautilya makes it clear that the king is bound by an implicit social contract and that the ultimate objective of the king, in economic and other affairs, should be to benefit his subjects.
    [Show full text]
  • History of Chinese Economic Thought: Overview and Recent Works
    History of Political Economy 19:3 01987 by Duke University Press CCC 0018-2702/87/$1.50 History of Chinese economic thought: overview and recent works James L. I: Chang The purpose of this essay is twofold: to present an overview of history of Chinese economic thought, and to introduce Chung-kuo ching-chi ssu- hsiang shih (History of Chinese economic thought), untranslated, cited below as the History (3 vols., 1962, 1963, 1981, 1757 pp., Shanghai) by Jichuang Hu. I. Overview of the History of Chinese Economic Thought‘ 1. Literature review While the literature on classical Chinese philosophy and history is vo- luminous in European languages, works on the history of Chinese eco- nomic thought are exceedingly scarce outside China, reflecting in part the formative state of the inquiry in China. Following increased contact with the Western world in the wake of the 1840 Opium War, Chinese intellec- tuals came to be exposed to unfamiliar foreign ideas, and some began to look into their own countrymen’s works in early times. Liang Ch’i-chao (1 873-1929), an eloquent intellectual leader around the turn of the century, analyzed Kuan tzu, Mo Ti, and a few others during 1905-22 (later com- piled in Liang 1936), and inspired generations of learned men. Early publications carrying the title of history of Chinese economic thought include three brief monographs, two of which, authored by Kan (1924) and Hsiong (1 930), were comprehensive but confined to pre-Ch’in times with limited depth, while a third, written by Li Chuan Shih (1926), went beyond the Ch’in dynasty.
    [Show full text]
  • Original Research Paper Rakesh Kumar Economics
    IF : 4.547 | IC Value 80.26 VOLUME-6,Volume ISSUE-9,: 3 | Issue SEPTEMBER-2017: 11 | November 2014 • ISSN • ISSN No N o2277 2277 - -8160 8179 Original Research Paper Economics HAPPINESS, ETHICS AND ECONOMICS NEW PARADIGM OF DEVELOPMENT Rakesh Kumar Assistant Professor Maharaja Agrasen College University of Delhi ABSTRACT Economy of the world is going through serious economic crisis. There are problems of under-development, pollution, poverty, rising inequalities, global warming, and depleting resources of nature and environmental degradation. The current systems of market led economics, no doubt, have created unprecedented prosperity and wealth, but it has failed to solve the basic problems of humankind and Contributed to the imbalance between man and nature. Nature is forced to bleed by the actions of market. Solutions are seeked in this market framework. The present system of development paradigm is not working; there is a need to develop a new development paradigm Objectives of the study: 1. To study the connection between happiness ,ethics and economics 2. To study ethics in Vedic philosophy 3. To study economic system of Vedic Times 4. To study the causes of modern economic problems KEYWORDS : Introduction: is a part of unifying force. During Vedic times production and This paper is not about economic theory but focuses on economic exchange of material goods were very simple. customs determined philosophy and economic paradigm. Economic philosophy has most of the activities including economics there was hardly any played a vital role in the rise of economic growth. Rise of capitalism scope for individual initiatives, the slow progress in Technology and did not happen till the rise of protestant religion, which had a capital accumulation if any also resulted in restricted availability of positive attitude to the creation of wealth and prosperity and to consumption goods..With control over production being limited to capital accumulation.
    [Show full text]
  • Political Economy, Theories of the State and Economic Crisis
    International Journal of Business and Social Science Vol. 3 No. 20 [Special Issue – October 2012] Political Economy, Theories of the State and Economic Crisis Dr. Ioannis-Dionysios Salavrakos University of Western Greece Greece 1. Introduction The intellectual aspiration of the paper is to cover both theoretical aspects associated with political economy, the role of the state and economic policy, especially in the era of crisis. Traditional economic theory points out, that economic crises, are associated with theories of economic cycles. The theories of economic cycles have been developed from the French economist Clement Juglar initially in 1860; who identified cycles of 8-11 years of duration. The Austrian economist Schumpeter argued later, that economic cycles have four stages: (expansion, crisis, recession, recovery). According to Schumpeter the time duration of economic cycles is similar to the time horizon that Juglar had identified. The next essential contribution was that of Kuznets who identified medium economic cycles with a time duration of 15-25 years. Finally the Soviet economist Kondratieff identified long duration cycles of 40-50 years. An analytical presentation of the theories of economic cycles is beyond the intellectual aspiration or the purpose of the current paper. The reference to the above theories is valuable here just for one point: i.e the time duration. Thus economic change (and economic crisis), are long-term processes which are associated with micro and macroeconomic developments, as well as, with the developments in the financial markets.1 The current analysis analyses capitalist crises with the intellectual tool of political economy. The concept “political economy” per se has a broad array of interpretations.
    [Show full text]
  • Semester Iii
    SEMESTER III KUMAUN UNIVERSITY, NAINITAL SYLLABUS (P.G. Class) [2017-18 and Onwards] ECONOMICS SEMESTER SYSTEM Code Course SEMESTER – I 1211 Microeconomics – I 1212 Quantitative Methods in Economics I 1213 Public Finance I 1214 Indian Economic Development & Policy I SEMESTER – II 1221 Microeconomics – II 1222 Quantitative Methods in Economics II 1223 Public Finance II 1224 Indian Economic Development & Policy II SEMESTER – III 1231 Advanced Macroeconomics III 1232 International Economics III 1233 Economics of Growth & Development III Optional Paper- III SEMESTER - IV 1241 Advanced Macroeconomics IV 1242 International Economics IV 1243 Economics of Growth & Development IV Optional Paper- IV List of Optional Papers:(8) Research Methodology& Essay on Current economic issues,(9*) Regional Economics (10)Agricultural Economics,(11) Labour Economics, (12*) Environmental Economics(13)Econometrics(14)Advanced Statistics, ,(15) Demography (16) Industrial Economics, (17*) Economics of Infrastructure,(18*) Economics of Gender and Development,(19*) Economics of Insurance,(20)*Financial Intuitions & markets (21*)Computer Applications in economics. (22) History of Economic Analysis Note: Each optional Paper has been divided into two parts. Candidate is required to opt one of the Optional paper, Part-I of the Optional Paper in IIIrd Semester and Part-II of the same Optional Paper in IVth Semester. Optional Papers(9*,12*,17*,18*,19*,20*;21* ) can be opted only on the availability of specialized staff and infrastructure in the concerned department/affiliated colleges. SEMESTER III SEMESTER III 1. ADVANCED MACRO ECONOMICS-I PAPER CODE 1231 2. INTERNATIONAL ECONOMICS-I PAPER CODE : 1232 3. ECONOMICS OF GROWTH AND DEVELOPMENT PAPER CODE : 1233 (OPTIONAL PAPER) 1. RESEARCH METHODOLOGY AND ESSAY PAPER CODE : 2.
    [Show full text]
  • Ma Economics
    Telephone No. 2419677/2419361 e-mail: [email protected] Fax:0821-2419363/2419301 UNIVERSITY *OF MYSOREwww.uni-mvsore.aC.in Estd.1916 .Vishwavidyan.ilayaKaryasoudha CrawfordHall,Mysuru- 570 005 No.AC.6/32/2018-19 Dated: 11thJuly 2018 NOTIFICATION Sub: Revision of Syllabus relating to M.A. in Economics from theacademic year 201~-19 Ref: l.Decision of the Board of Studies in Economics and Co-operation (PG) held on 27-11-2017. 2. Decision of the Facultyof Arts Meeting held on 20.04.2018. 3. Decision of the Academic Council Meeting held on 19.06.2018. ***** The Board of Studies in Economics and Co-operation (PG) which met on 2ih November 2017 has recommended to revise the Syllabus of M.A. Economics from the academic year 2018-19. The Faculty of Arts and the Academic Council at their Meetings held on zo" April 2018 and 19thJune 2018 respectively have also approved the above said proposal and the same is hereby notified. The contents may be downloaded from the University Website i.e., www.uni- mysore.ac.in ~«.»_ ,;~~cademiC) I Draft Approved by the Registrar To: 1. The Registrar (Evaluation), University of Mysore, Mysuru. 2. The Dean, Faculty of Arts, Department of Studies in English, Manasagangotri, Mysuru. 3. The Chairman, Department of Studies in Economics Manasagangotri, Mysuru. 4. The Chairman, Board of Studies in Economics and Co-operation (PG) , Manasagangotrl, Mvsuru- With a request to observe the contents uploaded in the University website with regard to the above proposals if any discrepancies inform to the Academic section. 5.
    [Show full text]
  • 43Rd Annual Meetings of the History of Economics Society Conference Program
    HES 43rd Annual Meetings of the History of Economics Society Conference Program Duke University Durham, North Carolina June 17 - 20, 2016 HES 2016 Conference Program 2 History of Economics Society Executive Committee President Mauro Boianovsky, Universidade de Brasilia President-Elect Evelyn Forget, University of Manitoba Vice-President Masazuma WatakaBe, Waseda University Secretary Marianne Johnson, University of Wisconsin Oshkosh Treasurer Spencer Banzhaf, Georgia State University Past-President Jeff Biddle, Michigan State University Past-President RoBert Leonard, Université du Québec à Montréal Elected Executive Officers ReBeca Gomez Betancourt, Université Lyon 2 Triangle Ivan Moscati, University of Insubria John Berdell , DePaul University Beatrice Cherrier, Universitat de Caen Editor Stephen Meardon, Bowdoin College Journal of the History of Economic Thought List Moderator Humberto Barreto, DePauw University HES Manager Amy Hardy, University of Wisconsin Oshkosh HES 2016 Conference Program 3 Prizes and Honors Distinguished Fellow of the History of Economics Society Neil De Marchi Professor of Economics, Duke University Joseph Dorfman Best Dissertation Prize Gerardo Serra, University of Sussex “From Scattered Data to Ideological Education: Economics, Statistics and the State in Ghana, 1948-1966", London School of Economics and Political Science, 2015 Joseph J. Spengler Best Book Prize Till Düppe, Université du Québec à Montréal, and E. Roy Weintraub, Duke University Finding Equilibrium: Arrow, Debreu, McKenzie and the Problem of Scientific Credit, Princeton University Press, 2014 Best Article in a History of Economics Journal Bruce Caldwell, Duke University, and Leonidas Montes, Adolfo Ibanez University "Friedrich Hayek and His Visits to Chile", The Review of Austrian Economics, 2015 Recognition for outstanding work as puBlisher in the field of the history of economic thought Scott Parris Economics Editor HES 2016 Conference Program 4 Warren J.
    [Show full text]
  • Syllabus History of Economic Thought Instructor: Julius Horvath, N13
    Syllabus History of Economic Thought Instructor: Julius Horvath, N13, Room 604; e-mail appointment, [email protected] Credits: 2 credits (4ECTS) Term: Sprint 2017-2018 Course level: MA Prerequisites: No specific prerequisites needed. Course description: This course is accessible to anyone with an under-graduate background in social sciences or economics. This course presents review of the history of economic thinking and economic analysis. Course discusses also sociological and ethical aspects of the development of economics as science, and ideology. The course covers the following topics: Introduction, Great Religions and the Origins of Economic Thought; Greek and Medieval Thought ; Transformation Period; Western Europe before Smith; Smith, Ricardo, Marx; Emergence of Macro-economics, Veblen, Keynes, Schumpeter; Friedman, Hayek; Non-Mainstream Thought, Central European economic thought. Learning outcomes: The main goal of this course is to provide students with understanding of historical evolution of economic thought. In addition students are also led to formulate their own research question in the topic of their interest. Student will to a smaller degree be exposed also to some episodes of economic history as understanding of what was going on in the economy in past helps to understand how people conceptualized the vision of the real and monetary economy. Students would be able to understand some historically important articles and concepts of the political economy and economics. They acquire a broad understanding of the evolution of economic thinking in the period of more than two thousand years. The emphasis is on societal milieu however issues relevant to policy are also considered. By the end of this course student will be able to evaluate different streams of economic thinking as well some personalities who had an impact of history of economic thought.
    [Show full text]
  • Leading Contemporary Economists: Economics at the Cutting Edge
    Leading Contemporary Economists This book describes the important contributions of several contemporary eco- nomic figures including recent Nobel Laureates. Describing their work and putting it into an historical perspective, these chapters explain how their work constitutes a major contribution to the discipline of economics and how it has broadened economic science. Co-editor of the Review of Political Economy, Steven Pressman has gathered together for the first time key chapters from the journal, discussing major figures such as Amartya Sen, Joseph Stiglitz, John Kenneth Galbraith, Thomas Schelling, Edmund Phelps and Robert Mundell. This volume is significant to the extent that it combines the study of the work of Nobel Laureates with the perspective of heterodox economists, including a comprehensive bibliography for the work of each economist covered. This book will be useful to both students and professional economists who are interested in contemporary, cutting edge economics and how the economics profession has changed over the last couple of decades. Steven Pressman is Professor of Economics and Finance at Monmouth Univer- sity. He is the author of Fifty Major Economists (second edition 2006) and co- editor of Women in the Age of Economic Transformation (1994) and A New Guide to Post-Keynesian Economics (2001) all published by Routledge. Routledge studies in the history of economics 1 Economics as Literature 8 The History of Game Theory, Willie Henderson Vol. 1 From the beginnings to 1945 2 Socialism and Marginalism in Robert W. Dimand and Economics 1870–1930 Mary Ann Dimand Edited by Ian Steedman 9 The Economics of W. S. Jevons 3 Hayek’s Political Economy Sandra Peart The socio-economics of order Steve Fleetwood 10 Gandhi’s Economic Thought Ajit K.
    [Show full text]