This course presents history of economic thought in contemporary context. It is centered in the historical development of current mainstream and postkeynesian economic ideas and ideas linked with the Austrian school. It shows also development of some non-orthodox economic thinking relevant in current period, especially of institutional economics. At the end of the course, some great economists are covered in more detail.
The main goal of this course is to provide students with understanding of historical roots of contemporary economic thought. In addition students are also led to reading original papers linked with the history of economic thought and to writing critical appraisals of original papers.
Last update: Cahlík Tomáš, doc. Ing., CSc. (08.01.2023)
This course presents history of economic thought in contemporary context. It is centered in the historical development of current mainstream and postkeynesian economic ideas and ideas linked with the Austrian school. It shows also development of some non-orthodox economic thinking relevant in current period, especially of institutional economics. At the end of the course, some great economists are covered in more detail.
The main goal of this course is to provide students with understanding of historical roots of contemporary economic thought. In addition students are also led to reading original papers linked with the history of economic thought and to writing critical appraisals of original papers.
Last update: Cahlík Tomáš, doc. Ing., CSc. (08.01.2023)
Literature -
Recommended textbooks: (optional reading)
Vaggi, G., Groenewegen, P.: A Conscise History of Economic Thought. Palgrave Macmillan, 2014
Brandon Dupont: The History of Economic Ideas, Economic Thought in Contemmporary Context. Routledge, 2017
Screpanti, E., Zamagni, S.: An Outline of the History of Economic Thought. Oxford, OUP 1995, 2005
Hunt, E.K., Lautzenheiser, M.: History of Economic Thought, a Critical Perspective. Routledge, 2011
Roncaglia, A.: The Wealth of Ideas: a History of Economic Thought. Cambridge University Press, 2006
Schumpeter, J.A.: History of Economic Analysis. Routledge 1997
The History of Economic Thought website
http://www.hetwebsite.net/het/
Required Readings (on average no more than 15 pages per week)
Karl Marx: A Contribution to the Critique of Political Economy, Preface and Appendix 1: Part 1 Production, Part 2 The General Relations of Production to Distribution, Exchange and Concumption.
Karl Marx: A Contribution to the Critique of Political Economy, Appendix 1: Part 1 Production, Part 2 The General Relations of Production to Distribution, Exchange and Concumption.
Last update: Cahlík Tomáš, doc. Ing., CSc. (25.03.2025)
Teaching methods -
Both seminars and lectures are in the classroom 109, Opletalova building.
"Virtual mobility" and "4EU+" students can attend both lectures and seminars online, upon request, in MS Teams.
Last update: Cahlík Tomáš, doc. Ing., CSc. (04.01.2024)
Both seminars and lectures are in the classroom 109, Opletalova building.
"Virtual mobility" and "4EU+" students can attend both lectures and seminars online, upon request, in MS Teams.
Last update: Cahlík Tomáš, doc. Ing., CSc. (04.01.2024)
Requirements to the exam -
Grading:
Homeworks (40 %, related to required readings, 8% for each homework). There are five homeworks: in the 2nd, 4th, 6th, 8th and 10th week. You put the pdf file with your homework into the SIS UK (starting menu, part Education, icon with four persons), till Sunday 23:55 of the relevant week. Homeworks sent by e-mail are not accepted. The SIS does not allow you to enter your homework after the deadline. In each homework, you write two critical appraisals of required readings from previous two weeks. Each critical appraisal is structured into 4 paragraphs as follows: Paragraph introducing your appraisal, paragraph with strong (what you agree with) poins of appraised reading, paragraph with weak (what you do not agree with) points of appraised reading and paragraph concluding your appraisal. The expected length of each appraisal is 1 page, but feel free to write more.
Three online midterm tests (10 % each) and online final test (30 %) in Moodle. You must be registered in Moodle on:
Last update: Cahlík Tomáš, doc. Ing., CSc. (23.12.2024)
Grading:
Homeworks (40 %, related to required readings, 8% for each homework). There are five homeworks: in the 2nd, 4th, 6th, 8th and 10th week. You put the pdf file with your homework into the SIS UK (starting menu, part Education, icon with four persons), till Sunday 23:55 of the relevant week. Homeworks sent by e-mail are not accepted. The SIS does not allow you to enter your homework after the deadline. In each homework, you write two critical appraisals of required readings from previous two weeks. Each critical appraisal is structured into 4 paragraphs as follows: Paragraph introducing your appraisal, paragraph with strong (what you agree with) poins of appraised reading, paragraph with weak (what you do not agree with) points of appraised reading and paragraph concluding your appraisal. The expected length of each appraisal is 1 page, but feel free to write more.
Three online midterm tests (10 % each) and online final test (30 %) in Moodle. You must be registered in Moodle on:
Last update: Cahlík Tomáš, doc. Ing., CSc. (23.12.2024)
Syllabus -
W
Weekly Schedule:
1. L (Lecture): Introduction to the Course. From Ancient Greece to the 16th Century.
S (Seminar): Roots of Current Relations between Ethics and Economics - Selected Topics
2. L: From feudalism to capitalism, Pre-Classical Thought – Formative Period of Classical Political Economy: Mercantilists. Sir William Petty. Bernard de Mandeville, Richard Cantillon, Physiocrats – Francois Quesnay, Anne Robert Jacques Turgot, David Hume.
S. Roots of Current Ideas on Property Rights - Selected Topics
3. L: Classical Thought: Adam Smith, Jeremy Bentham, Jean Baptist Say. The Age of Ricardo: David Ricardo, Thomas Robert Malthus. Discussions of that Age. Classical Approach to Prices. Classical Approach to Recessions.
S: Roots of Current Ideas on Public Finance - Selected Topics.
4. L: Modern Time – Basic Milestones: John Stuart Mill. Marginalist Revolution, Keynesian Revolution. Monetarist Counterrevolution.
S: Economies as Systems.
5. L: Austrian School and its Neigbourhood: Karl Menger, Ludwig von Wieser, Eugen von Boehm-Bawerk, Ludwig von Mises, Friedrich von Hayek. Max Weber, Joseph Schumpeter. Neo Austrian School.
S: Roots of Current Ideas on International Trade - Selected Topics.
6. L: Neoclassical Thought in the Anglosaxonian World and its Neighbourhood before Keynes.
S: Factors of Production and Economic Growth and Development in Historical Perspective.
7. L: Marxist Economic Thought and its Neighbourhood.
S:The History of Monetary Economics.
8. L: Keynes and Mainstream Macroeconomic Thought after Keynes.
S: Piero Sraffa, Michal Kalecki and the Introduction to Post-Keynesian Economics.
9. L: Postkeynesian Economics and Its Neighbourhood.
S: Institutional Economics and Ordoliberalism.
10. L: General Economic Equilibrium Research Program. Welfare Economics, Freedom and Justice.
S: Adam Smith.
11. L: Alfred Marshall.
S: John Maynard Keynes.
12. P: Joseph Alois Schumpeter.
S: Closing the Course. Discussion.
13. L: Individual Consultations.
S: Individual Consultations.
Last update: Cahlík Tomáš, doc. Ing., CSc. (16.04.2025)
Weekly Schedule:
1. L (Lecture): Introduction to the Course. From Ancient Greece to the 16th Century.
S (Seminar): Roots of Current Relations between Ethics and Economics - Selected Topics
2. L: From feudalism to capitalism, Pre-Classical Thought – Formative Period of Classical Political Economy: Mercantilists. Sir William Petty. Bernard de Mandeville, Richard Cantillon, Physiocrats – Francois Quesnay, Anne Robert Jacques Turgot, David Hume.
S. Roots of Current Ideas on Property Rights - Selected Topics
3. L: Classical Thought: Adam Smith, Jeremy Bentham, Jean Baptist Say. The Age of Ricardo: David Ricardo, Thomas Robert Malthus. Discussions of that Age. Classical Approach to Prices. Classical Approach to Recessions.
S: Roots of Current Ideas on Public Finance - Selected Topics.
4. L: Modern Time – Basic Milestones: John Stuart Mill. Marginalist Revolution. Keynesian Revolution. Monetarist Counterrevolution.
S: Economies as Systems.
5. L: Austrian School and its Neigbourhood: Karl Menger, Ludwig von Wieser, Eugen von Boehm-Bawerk, Ludwig von Mises, Friedrich von Hayek. Max Weber, Joseph Schumpeter. Neo Austrian School.
S: Roots of Current Ideas on International Trade - Selected Topics.
6. L: Neoclassical Thought in the Anglosaxonian World and its Neighbourhood before Keynes.
S: Factors of Production and Economic Growth and Development in Historical Perspective.
7. L: Marxist Economic Thought and its Neighbourhood.
S:The History of Monetary Economics.
8. L: Keynes and Mainstream Macroeconomic Thought after Keynes.
S: Piero Sraffa, Michal Kalecki and the Introduction to Post-Keynesian Economics.
9. L: Postkeynesian Economics and Its Neighbourhood.
S: Institutional Economics and Ordoliberalism.
10. L: General Economic Equilibrium Research Program. Welfare Economics, Freedom and Justice.
S: Adam Smith.
11. L: Alfred Marshall.
S: John Maynard Keynes.l
12. P: Joseph Alois Schumpeter.
S: Closing the Course. Discussion.
13. L: Individual Consultations.
S: Individual Consultations.
Last update: Cahlík Tomáš, doc. Ing., CSc. (16.04.2025)
