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

Class Schedule

Reading List

Akerlof, G.A. (1970). "The market for "lemons": Quality uncertainty and the market mechanism", The Quarterly Journal of Economics 84 (3): 488-500.

Akerlof, G.A. (2001) Nobel lecture.

Angrist, J. and J. S. Pischke (2010). The credibility revolution in empirical economics: How better research design is taking the con out of econometrics, Journal of Economic Perspectives 24(2): 3-30.

Bagwell, K. and Asher Wolinsky (2002). Game Theory and Industrial Organisation. Handbook of Game Theory with Economic Applications 3: 1851-1895.

Blaug, M. (1987). Economic Theory in Retrospect. Cambridge, Cambridge University Press.

Bowles, S. (2004). Microeconomics: Behavior, Institutions, Evolution. New Delhi, Oxford University Press.

Clark, A.E., Frijters, P. and Michael A. Shields (2008). "Relative income, happiness, and utility: An explanation for the Easterlin Paradox and other puzzles" Journal of Economic Literature 46 (1): 95-144.

Galbraith, J. K. (1958). The Affluent Society. Boston, Houghton Mifflin.

Hayek, F. A. (1945). "The Use of Knowledge in Society." The American Economic Review 35(4): 519-530.

Heilbroner, R. L. (1986). The Worldly Philosophers. New York, Simon & Schuster.

Hicks, J. R. (1937). "Mr. Keynes and the" classics"; a suggested interpretation." Econometrica: Journal of the Econometric Society: 147-159.

Hicks, J. R. (1946). Value and Capital.

Hicks, J. R. (1969). A theory of economic history. Oxford University Press.

Keynes, J. M. (1930). Economic Possibilities for our Grandchildren. Essays in Persuasion. J. M. Keynes.

Keynes, J. M. (1930). "The great slump of 1930." The Nation and Athenaeum 20.

Keynes, J. M. (1936). The general theory of employment, interest and money.

Krugman, P. R. (2009). "How Did Economists get it so Wrong?". New York Times Magazine, 6 Sept.

Lindert, Peter H. (2004). Growing Public: Social Spending and Economic Growth since the Eighteenth Century, Cambridge University Press.

Malthus, T. R. (1798). "An Essay on the Principle of Population."

Mankiw, N. G. (1990). "A Quick Refresher Course in Macroeconomics." Journal of Economic Literature 28(4): 1645-1660.

Marx, K. and F. Engels (1848). The Communist Manifesto.

Maskin, Eric (2009). Interview.

Milanovic, Branko (2010). The Haves and the Have-Nots: A Brief and Idiosyncratic History of Global Inequality, Basic Books: New York.

Olson, Mancur (1986). "Toward a more general theory of governmental structure" American Economic Review 76(2): 120-125.

Olson, Mancur (1991). "Autocracy, democracy, and prosperity" in R. Zeckhauser (Ed.) Strategy and Choice, MIT Press.

Olson, Mancur (1996). "Big bills left on the sidewalk: Why some nations are rich and others are poor" Journal of Economic Perspectives 10(2): 3-24.

Piketty, Thomas (2014). Capital in the 21st Century.

Rogeberg, O. and H. O. Melberg (2011). "Acceptance of unsupported claims about reality: a blind spot in economics." Journal of Economic Methodology 18(01): 29-52.

Scheiber, N. (2007). "Freaks and geeks: How freakonomics is ruining the dismal science." The New Republic 2: 27-31.

Scitovsky, T. (1986). Human Desire and Economic Satisfaction. New York, Wheatsheaf.

Sen, A. (1979). "Personal utilities and public judgements: Or what's wrong with welfare economics?" The Economic Journal 79: 537-558.

Sethi, Rajiv (2009). "The Economics of Hyman Minsky".

Shleifer, A. (2000). Inefficient markets; an introduction to behavioral finance, Oxford University Press.

Smith, A. (1776). An Inquiry Into the Nature and Causes of the Wealth of Nations.

Somanathan, E. (2005). "Recent Revolutions in Economic Theory." Economic and Political Weekly 40: 2243-2246.

Stiglitz, J. E. (1994). Whither Socialism? Cambridge, Massachusetts, MIT Press.

Weintraub, E. R. (1977). General Equilibrium Theory. Modern Economic Thought. S. Weintraub. Oxford, Basil Blackwell.