Syllabus

                                                                    See for Bibliography

                                  Week 1: The Beginning: Colbert, Quesnay, Cantillon, and Hume

 Heilbronner, The Worldly Philosophers, pp. 1-41.

                                  Blaug, Economic Theory in Retrospect, pp. 10-32

                                   Week 2: Harmony or Destruction: Adam Smith and Thomas Malthus

 Heilbronner, The Worldly Philosophers, pp. 42-104

Blaug, Economic Theory in Retrospect, pp. 33-84

                                    Week 3: The Rise of Economic "Science:" David Ricardo

Heilbronner, The Worldly Philosophers, pp. 75-104 (again!)

                                    Stigler, "The Ricardian Theory of Value and Distribution," Essays in the History of Economics, Ch. 6

                                                   (click  here for PDF file)

 Stigler, "Bernard Shaw, Sidney Web and the Theory of Fabian Socialism," Essays in the History of Economics, Ch. 9

 (click here for review)

 Blaug, Economic Theory in Retrospect, pp. 85-142

                                   Week 4: The End(s) of Capitalism? Karl Marx and Joseph Schumpeter

 Heilbronner, The Wordly Philosophers, pp. 136-169 (Marx), 288-310 (Schumpeter)

 Schumpeter, Capitalism, Socialism, and Democracy, Chs.1-4 (on Marx)

Temin, Peter. Review of Thomas McCraw's Prophet of Innovation: Joseph Schumpeter and Creative Destruction.

(click here for PDF file)

Blaug, Economic Theory in Retrospect, pp. 215-276, 647-687

                                   Week 5: The Theory of General Gluts: J. M. Keynes

 Heilbronner, The Worldly Philosophers, pp. 248-287

                                  Blaug, Economic Theory in Retrospect, pp. 143-171 (Say's Law), 641-688

                                    Week 6: The Libertarians: Friedrich von Hayek and Milton Friedman

                                    Von Hayek, The Road to Serfdom (all optional)

Friedman,  Capitalism and Freedom

                                   Time Allowing-- Demand, Supply, Prices and Allocation: Edgeworth, Marshall, Pareto

                                               Heilbronner, The Worldly Philosophers, pp. 170-212

                                                 Blaug, Economic Theory in Retrospect, pp. 311-405