Syllabus


ECON 322W - 01: History of Economic Thought

Prof. Steven R. Cunningham
Spring Session - 1993
Tuesdays & Thursdays, 12:30 - 2:00pm
Monteith Hall, Room 311
Instructor’s Office: HRM 308
Instructor’s Tel.: (860) 486-3550
Dept. Office: 486-3022

Office Hours: Tuesdays & Thursdays 10:00-11:00 AM

Course Summary:

The course surveys economic thought from 1890 to the present, focusing on pivotal people and ideas that have had wide-spread subsequent impact on economic theory and on the world. The course involves reading primary source material, making class presentations, writing a research paper, and a final examination. Class attendance is required at all sessions.

Grading:

Students will make one (1) class presentation which will determine 20% of the final course grade. These presentations will be a critical part of the classroom experience, so that presentations must be made when scheduled or the student will receive an "F". The presentation should be approximately 30 minutes in length, the time divided equally among three areas:

  1. Comments on the period, the personal backgrounds, lives, and professional experiences of the person(s) involved.
  2. Survey of the important contributions of the individual or group.
  3. A more detailed presentation of one or two of the major contributions.

Failure to fully address all three areas will result in a lower grade on the presentation.

This course is a "W" course, therefore at least 50% of the grade must come from an evaluation of writing. Therefore, students will also write a publication-length paper, presumably on the same topic as one of the presentations, the evaluation of which will account for 60% of the final course grade. The paper will be graded three (3) times, as a paper outline, as a draft with references, and, finally, as a finished paper. Each grading will make up 20% of your grade. This is a "W" course, therefore writing style, diction, grammar, format, etc., will weigh heavily on the grade. Moreover, late papers will not be accepted except under the most extreme circumstances. Likewise, there will be no extensions, incompletes, etc.

The final examination will be held on the last day of class, and will be a "blue-book" essay-style examination covering the material presented by the instructor and by students in their classroom presentations. The final exam will make up 30% of your final course grade.

The grading can be summarized as follows:

Presentation 20%
Research Paper 60%
Final Exam 20%
Total 100%

 

Schedule


Tuesday, January 26, 1993
Introduce the Course & Make Assignments

Thursday, January 28, 1993
The Roots of Classical Liberalism

Tuesday, February 2, 1993
Locke, Rousseau, and Hobbes

Thursday, February 4, 1993
Adam Smith & the Classical School

Tuesday, February 8, 1993
The Rise of Socialism
Karl Marx & Marxian Socialism

Thursday, February 11, 1993
Marginalist Revolution
(1) The Economics of Alfred Marshall
(2) The Economics of Leon Walras

Paper Outline & References Due

Tuesday, February 16, 1993
(3) The "Austrian Trio": Menger, Von Wieser, and Von Bohm-Bawerk
(4) Edgeworth and J. B. Clark

Thursday, February 18, 1993
Neoclassical Monetary Theory
(5) Irving Fisher
(6) Wicksell and the Swedish Fraternity

Tuesday, February 23, 1993
Thorstein Veblen and the Institutionalists
(7) Wesley Claire Mitchell
(8) John Kenneth Galbraith

Thursday, February 25, 1993
Cambridge of the Early 1900s
The Economics of Joan Robinson
Edward Hastings Chamberlin

Tuesday, March 2, 1993
(9) Piero Sraffa
(10) Nicholas Kaldor

Thursday, March 4, 1993
(11) Keynes: Early Writings
(12) Keynes: General Theory
(13) Michal Kalecki

Tuesday, March 9, 1993
(14) Arthur Cecil Pigou
(15) Sir John Hicks
The Hicks-Hansen Synthesis

Thursday, March 11, 1993
(16) Abba P. Lerner
(17) Paul A. Samuelson
(18) Sir Roy F. Harrod and Evsey Domar

Week of March 15-19, 1993
Spring Break!

Tuesday, March 23, 1993
(19) Joseph Alois Schumpeter
(20) Friedrich von Hayek & Ludwig von Mises

Thursday, March 25, 1993
The Chicago School
(21) Theodore Schultz
(22) Frank Knight

Tuesday, March 30, 1993
Milton Friedman
(23) Gary Becker
(24) Ronald Coase

Draft of Research Paper Due

Thursday, April 1, 1993
(25) George J. Stigler
Robert Lucas & the New Classical School

Tuesday, April 6, 1993
Robert Mundell
Arthur Laffer
Thomas Sowell

Thursday, April 8, 1993
(26) James Tobin
(27) Franco Modigliani
(28) Albert O. Hirschman

Tuesday, April 13, 1993
Post Keynesian Economics

Thursday, April 15, 1993
The Rawls-Nozick Debate
Public Choice Economics
(29) James Buchanan & Gordon Tullock

Tuesday, April 20, 1993
(30) History of Mathematical Economics
(31) Kenneth Arrow
(32) Gerard Debreu

Thursday, April 22, 1993
History of Econometric Thought

Tuesday, April 27, 1993
A short course in economic methodology:
Popper, Kuhn, Lakatos

Thursday, April 29, 1993
Social Economics
(33) The Socioeconomics of Amitai Etzioni
(34) Richard Posner and Harold Demsetz

Research Paper Due: Final Form

Tuesday, May 4, 1993
Current Trends

Thursday, May 6, 1993
Final Exam