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HET Reading List – Course Outline and Readings

Aug. 24   Course Introduction – Why Study History of Economic Thought?

  • Vaggi & Groenewegen, “Prologue,” pp. xi – xvi.

Jewish, Greek, and Roman Contributions

Aug. 26   Christianity and Scholasticism

Aug. 31   Mercantilism

Sept. 2   Reactions to Mercantilism, Natural Law and the early French

Sept. 9   Foundations of Classical Political Economy

Sept. 14   A.R.J. Turgot

Sept. 16   Adam Smith

Sept. 21   The French Liberal School: from Say to Molinari

Sept. 23   British Classical School

Sept. 28   Karl Marx

 Sept. 30   John Stuart Mill and the Transition to Marginalism

Oct. 5   The Marginal Revolution: Jevons, Menger, and Walras De-homogenized

Oct. 7   Alfred Marshall and Neo-Classicalism

Oct. 12   Distribution and Capital Theory

Oct. 14   Wicksell, Fisher and the Development of the Quantity Theory

Oct. 19   The End of Laissez-Faire

Oct. 21   The Socialist Calculation Debate

 Oct. 26   Austrian Business Cycle Theory

Oct. 28   Institutional Economics and the New Deal

Nov. 2   The Great Depression and the Keynesian “Revolution”

Nov. 4   Hayek and the Road to Serfdom

Nov. 9   Institutional Foundations of Democratic Socialism and Market Liberalism

Nov. 11   Germany and Ordo-liberalism

Nov. 16   Planning, Development and Growth

 Nov. 18   International Monetary Systems

  • White, chapter 11

Nov. 30   Friedman, Monetarism and Inflation

  • White, chapter 12
  • V & G, chapter 34
  • Friedman, “The Quantity Theory of Money: a restatement”
  • Friedman, “Inflation and Unemployment

Dec. 2   Public Goods, Public Choice and Social Cost

Dec. 7-9   Modern Issues: Free Trade, Deficits and Debt, and Income Inequality