History of Economic Thought (Econ 315)
Emancipation of the Mind
Instructor: Professor Moseley
Offered: Spring 2016
“A study of the history of ideas is a necessary condition for the emancipation of the mind.” -John Maynard Keynes
The History of Economic Thought is a fascinating and important course. It provides, first of all, a comprehensive review of the major economists and major economic theories of the past: Smith, Ricardo, Marx, Marshall, and Keynes. In addition, it also provides a new broader historical perspective within which to compare and evaluate modern micro and macro economics.
The course critically examines questions such as:
- How are these theories of the past different from modern micro and macro?
- In what ways are the modern theories superior to the theories of the past?
- Are there ways in which modern theories might be inferior to past theories?
- How can we use the lessons learned from the theories of the past to improve our understanding of how a capitalist economy works and why it doesn’t always work so well?