Professor: Dr. Laarni Escresa
Textbook References:
Heilbroner, Robert L. The worldly philosophers: The lives, times and ideas of the great economic thinkers. Simon and Schuster, 2011. [print only]
*Rima, Ingrid H. Development of economic analysis. Routledge, 2003. [print only]
Spiegel, Henry William ed. The growth of economic thought. Duke University Press, 1991. [print only]
*Note: The main text is Rima. Other articles may be assigned during the course and will be distributed.
Online Resource: link here [Open Access]
Course Outline
1. Introduction: History thought and method
Blaug, M. (2001). No history of ideas, please, we’re economists. Journal of economic perspectives, 145-164. link [Accessible via Dilnet]
2. Medieval Age
Rima Ch 1/ Spiegel Ch 2
3. Mercantilism
Rima Ch 2 / Spiegel Ch 3
Heilbroner Ch 2
Original text:
Mun, Thomas. England’s treasure by forraign trade link [Open Access]
4. Physiocracy and Preclassical Economics
Rima 3-4 / Spiegel Ch 6, 8
Original text:
Turgot, Anne Robert Jacques. Reflections on the formation and distribution of Wealth…. 1793. link [Open Access]
5. Adam Smith and the Classical tradition
Rima Ch 5-8 / Spiegel Ch 10-12, 14, 16
Heilbroner, Ch 3-4
Original Texts:
Smith, Adam. Wealth of nations. Book 1 Ch 1-4: Ch 5-7; Book II Ch 3, 5; Book III Ch 1; Book 4 Ch 1-2. link [Open Access]
Ricardo, David. Principles of political economy and taxation. Ch 1-3; Ch 7; Ch 19-21; Ch 31. link [Open Access]
Say, Jean Baptiste. Letters to Malthus on Several Subjects of Political Economy (1821) link [Open Access]
Malthus, Thomas Robert. An essay on the principle of population. Ch 1-2. link [Open Access]
Mill, John Stuart. The Principles of Political Economy, Book 3 Ch 18 link [Open Access]
6. Marx and Marxism
Rima Ch 10/ Spiegel Ch 19-21
Heilbroner, Ch 5-6
Original Text:
Marx, Karl. Preface to A Contribution to the Critique of Political Economy (1859). link [Open Access]
— and F. Engels The Communist Manifesto (1848) link [Open Access]
— Capital (1867) Capital Vol 1 Ch 1-4, CH 6, 8, 9 link [Open Access]
7. Marginalism and subjective value theory
Rima Ch 12-13/ Spiegel Ch 22-24
8. Marshall and the price system
Rima Ch 14/ Spiegel Ch 22-25
Heilbroner, pp. 205-212
9. Keynes and the neoclassical synthesis
Rima Ch 20 / Spiegel Ch 25
Heilbroner, Ch 9
Keynes, John Maynard. General theory of employment, interest and money. Ch 1-4, Ch 7-22. link [Open access]
10. Monetary macroeconomics
Niehans, Ch 38
11. Search for new frontiers: Institutional, behavioral and other approaches to economics
North, Douglass C. Institutions, institutional change and economic performance. Cambridge University Press, 1990. Ch 1-4 [print only]
Williamson, Oliver E. “The new institutional economics: taking stock, looking ahead.” Journal of economic literature (2000): 595-613. link [Accessible thru UPSE network only]
Kahneman, Daniel. “Maps of bounded rationality: Psychology for behavioral economics.” American economic review (2003): 1449-1475. link [Accessible thru UPSE network only] link [Accessible via Dilnet]