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Shute, L. Seminar in the History of Economic Thought
CALIFORNIA STATE POLYTECHNIC UNIVERSITY, POMONA EC 407: Seminar in the History of Economic Thought Spring 1991 Dr. L. Shute Department of Economics SYLLABUS Texts: Jacob Oser and Stanley L. Brue, The Evolution of Economic Thought, 4th ed. (1988). Phyllis Deane, The State and the Economic System (Oxford University Press, 1989). Paper. Daniel Fusfeld, The Age of the Economist (Scott, Foresman, 1990). Paper. Prerequisites: EC 201 or EC 202; both are recommended. Also recommended: EC 413 (Economic History of Europe), and GEO 312 (Economic Geography). A strong background in history, the social sciences, and philosophy is desirable. Course Description: This course traces the evolution of different types of economic theory from the 15th century to the present. This is an important course in the field of economics since it places current types of thinking in historical context and explains why we study the type of economics we do today. The course examines many types of theories, some of which are not currently in fashion, but which at one time dominated the intellectual landscape in economics. About the Course: 1. Regular attendance is particularly important since considerable material not available in the readings is presented in class. *See the separate handout on attendance, seating, and class participation. 2. Papers and Exams. In lieu of in-class examinations, four papers will be required. One of these will be the take-home final exam. A separate sheet will be handed out covering these papers. 3. Office, Hours: Office: Bldg. 1, Room 337 Hours: MWF 10:30 to 11:30 MW 2:00 to 3:00 Other times by mutual agreement Office Telephone: (714) 869-3850. Evaluation Criteria for the Final Grade: The final grade is a weighted figure based upon: papers (60%) and final exam (take-home) (40%). *Keep in mind the contents of the special handout on attendance, seating, and your final grade. Some source works in the history of economics: Barber, William J., A History of Economic Thought (Baltimore, Maryland: Penguin Books, 1967). Paperback. HB 75 B147 Blaug, Mark, Economic Theory in Retrospect. Gide, Charles and Charles Rist, A History of Economic Doctrines: From the time of the Physiocrats to the Present Day (1909; 1947). Gray, Alexander and Alan E. Thompson, The Development of Economic Doctrine, 2nd ed. (1931; London: Longmans, 1980). Paperback. [Hard cover edition of this is also available.] HB 75 G7 1980 Mitchell, Wesley C., Types of Economic Theory: From Mercantilism to Institutionalism, 2 vols. (1967-1969). Rima, Ingrid H., Development of Economic Analysis, 4th ed. (1986). Rogin, Leo, The Meaning and Validity of Economic Theory: A Historical Approach (1956). Roll, Eric, History of Economic Thought. Routh, G., The Origin of Economic Ideas. Schumpeter, Joseph A., History of Economic Analysis (1954). Seligman, Ben., Main Currents in Modern Economics. Silk, Leonard, The Economists (New York: Basic Books, Inc., 1976). HB 119 A3 S54 Spiegel, Henry W., The Growth of Economic Thought, Revised and expanded edition (Durham, North Carolina: Duke University Press, 1983) The principal journal in the field is the History of Political Economy which comes out quarterly. Course Schedule 1) Introduction; Mercantilism 2) Physiocracy; Forerunners of the Classical School 3) Adam Smith 4) Malthus and Ricardo 5) Bentham, Say, Senior, and Mill 6) Socialism, Marx 7) Marginalism 8) Marshall, and the Neoclassical School(s) 9) The German Historical School; The Institutionalist School 10) The Moderns; Conclusion