INDIAN STATISTICAL INSTITUTE
 
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ECON 293: HISTORY OF ECONOMIC THOUGHT

Instructor: E. Somanathan
Contact: Room 215, Planning Unit
Ph: 011-4149 3939, Email: som [at] isid.ac.in
Class time: M W 9:30-11:00

Course Home

Reading List


Class no.

Date

Readings

Remarks

1

1/6/2015

Overview

RH: Robert Heilbroner, The Worldly Philosophers.

2

1/8/2015

RH, Ch 3. Smith Book 1, Ch 1-3.

Adam Smith, The Wealth of Nations

3

1/13/2015

Smith Book 4, Ch 2. Blaug Ch 2, Sec 19 (pp. 59-63).

Mark Blaug, Economic Theory in Retrospect.

4

1/15/2015

RH, Ch 4 (upto p 94 on Malthus). Malthus Ch 1 & Ch 2 (pp. 4-11).RH, Ch 4. (pp 95-104 on Ricardo), Blaug pp. 85-93.

Malthus and Ricardo

5

1/20/2015

RH, Ch 6. Marx & Engels, The Communist Manifesto, Part 1, and the 10-point program. Blaug Ch 7, Sec 46 (pp. 274-275).

Marx

6

1/22/2015

Hicks, Theory of Economic History Chapters 1-3. Olson AER 1986.

Non-Marxist materialist conceptions of history

7

1/27/2015

Blaug, Ch 8, Sections 1-3. J.R. Hicks, Value and Capital, Ch 1 (pp 11-25).

The beginning of neoclassical economics

8

1/29/2015

Hicks Ch 2 pp 26-41. Hayek. Weintraub pp 113-115.

Demand theory (Slutsky). Informational role of prices. General Equilibrium.

10

2/3/2015

S. Bowles, Microeconomics: Behavior, Institutions, Evolution Ch 6, pp 205-232

Welfare Theorems and Coase

11

2/5/2015

Sen.

Welfare Economics

12

2/10/2015

Akerlof, The Market for Lemons

Information.

13

2/12/2015

J. Stiglitz, Whither Socialism? Ch 3, pp. 27-44.

Information-based criticque of 1st Welfare Thm.

14

2/17/2015

Somanathan EPW. Bagwell & Wolinsky

Modern Economic Theory. Game theory.

15

2/19/2015

Stiglitz, Ch 7, pp. 109-138.

Competition. Industrial Organisation.

16

3/3/2015

RH Ch 10. Stiglitz, Ch 8, pp. 139-152.

Schumpeter, Innovation

17

3/10/2015

RH Ch 9. Keynes, The Great Slump of 1930. The General Theory Ch 3, Sections II and III.

Keynes

18

3/12/2015

Hicks: Mr Keynes and the Classics. Keynes: The General Theory, Ch 12.

Macroeconomics

19

3/17/2015

 Mankiw, JEP 1990

Macroeconomics

20

3/19/2015

Akerlof, Nobel Lecture 2001

Macroeconomics

21

3/24/2015

Andrei Shleifer, Inefficient Markets, Ch 1, pp. 1-27. Krugman-NYT-Sept2009.

Financial markets, the troubles of macroeconomics

22

3/26/2015

Krugman (2009), Sethi (2009), Maskin interview.

Macroeconomic crises

23

3/31/2015

Angrist and Pischke, Scheiber, Rogeberg & Melberg

Econometrics, Is economics a science?

24

4/7/2015

Clark et al pp. 95-111 (to the end of Section 3.3). J.K. Galbraith, The Affluent Society, Ch 11 pp 152-160, Ch 18 pp 251-269. Tibor Scitovsky, Human Desire and Economic Satisfaction pp. 117-127

Endogenous preferences

25

4/9/2015

Olson: Autocracy, democracy, prosperity. Big bills left on the sidewalk.

Institutions and development

26

4/14/2015

Lindert: Growing Public Ch 1,2,9.

Social security, public expenditure, and distribution.


27

4/16/2015
 
Milanovic, Piketty
 
Inequality.