HISTORY OF ECONOMIC THOUGHT
Dr. Terrence McDonough
Rm. 211 St. Anthony’s
Ext. 3164
Text History of Economic Thought: A Critical Introduction
E. K. Hunt
History of Economic Thought
I.I. Rubin
Marking
There will be a midterm exam worth 40%
Final exam 60%
Week 1 Sept. 8th First Lecture
Topics
Pre-capitalist Economic Theory
Greece and Rome
Oeconomica Aristotle Book 1
Google Books
Scholasticism
Summa Theologica St. Thomas Acquinas Book 2 question 77
http://www.newadvent.org/summa/307700.htm
http://www.ccel.org/a/aquinas/summa/home.html
Mercantilism
England’s Treasure by Forraign Trade Thomas Mun Chap 2-4
http://socserv2.socsci.mcmaster.ca/~econ/ugcm/3ll3/
http://archive.org/stream/englandstre00muntuoft#page/n5/mode/2up
Rubin pp.17-57
The Advent of Industrial Capitalism
Physiocracy
Tableau Economique Francois Quesnay
` http://www.marxists.org/reference/subject/economics/quesnay/1759/tableau.htm
Rubin pp.89-150
Establishment Perspectives
Adam Smith
Wealth of Nations Bk I Ch. 1, 2, 3, 7, 10(pt. I) Bk. II Ch. 1, 3, 5 Bk. III Ch. 1
http://www.bibliomania.com/2/1/65/112/frameset.html
http://socserv2.socsci.mcmaster.ca/~econ/ugcm/3ll3/smith/wealth/index.html
Rubin pp. 151-218
Ricardo
An Essay on the Influence of a Low Price of Corn on the Profits of Stock David Ricardo
http://socserv2.socsci.mcmaster.ca/~econ/ugcm/3ll3/ricardo/profits.txt
https://webspace.utexas.edu/hcleaver/www/368/368RicardoCornLawstable.pdf
Rubin pp. 219-287
Bentham
Introduction to the Principles of Morals and Legislation Jeremy Bentham Chs. 1, 4
http://www.utilitarianism.com/jeremy-bentham/index.html http://socserv.mcmaster.ca/econ/ugcm/3ll3/bentham/morals.pdf
Hunt pp.126-135
A Dissenting Perspective
Marx
Communist Manifesto Parts I, II, IV
http://www.marxists.org/archive/marx/works/1848/communist-manifesto/index.htm
Value Price and Profit
http://www.marxists.org/archive/marx/works/1847/wage-labour/index.htm
Hunt pp.204-247
The Response to Monopoly Capital
Neoclassical Economics
Brief Account of a General Mathematical Theory of Economics W.S. Jevons
http://www.marxists.org/reference/subject/economics/jevons/mathem.htm
http://socserv.mcmaster.ca/econ/ugcm/3ll3/jevons/mathem.txt
Hunt pp.248-315
Marxist Theory of Imperialism
Imperialism, The Highest Stage of Capitalism V.I Lenin Ch. 1-8, 10
http://www.marxists.org/archive/lenin/works/1916/imp-hsc/index.htm
Hunt pp.348-371
Institutional Economics
The Limitations of Marginal Utility Thorstein Veblen
http://etext.lib.virginia.edu/toc/modeng/public/VebMarg.html
http://socserv2.mcmaster.ca/~econ/ugcm/3ll3/veblen/margutil.txt
Hunt pp.316-347
The Response to the Great Depression
Keynes
“The General Theory of Employment,” Quarterly Journal of Economics Vol.51, No. 2 Feb. 1937 Sections II, III
http://uk.jstor.org/cgi-bin/jstor/listjournal/00335533
Hunt pp.400-427
The Response to Keynes
Marx and Keynes
Monopoly Capital, Paul A. Baran and Paul M. Sweezy, Chapter 3.
“Monopoly Capital and the New Globalization,” John Bellamy Foster, Monthly Review, January, 2002.
http://www.monthlyreview.org/0102jbf.htm
Hunt pp. 627-623
Bastard Keynesianism
Macroeconomics, Roger Leroy Miller and Robert Pulsinelli, pp.174-208.
“Mr. Keynes and the "Classics"; A Suggested Interpretation,” J. Hicks Econometrica, Vol. 5, No. 2. (Apr., 1937), pp. 147-159.
http://www.jstor.org/
The Cambridge Economists
“The Law of Returns under Competitive Conditions,” Piero Sraffa, Economic Journal, December, 1926
http://homepage.newschool.edu/~het/texts/sraffa/sraffa26.htm
Hunt pp. 428-445
The Response to the Great Stagflation
Monetarism and Rational Expectations
Macroeconomics, Roger Leroy Miller and Robert Pulsinelli, pp.371-409
“Nobel Lecture: Inflation and Unemployment,” Milton Friedman, Journal of Political Economy, Vol. 85, 1977.
http://www.jstor.org/
Post-Keynesianism
Macroeconomics, Roger Leroy Miller and Robert Pulsinelli, pp.409-419
“Post Keynesian Economics,” Paul Davidson, in The Crisis in Economic Theory, edited by Daniel Bell and Irving Kristol
The Marxist Theory of Capitalist Stages
The Enigma of Globalisation by Robert Went, Chapter 5
“Long Swings and Stages of Capitalism,” David Gordon, Richard Edwards and Michael Reich in Social Structures of Accumulation: The Political Economy of Growth and Crisis, edited by David Kotz, Terrence McDonough and Michael Reich.
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