SubjectsSubjects(version: 964)
Course, academic year 2024/2025
   Login via CAS
History of Economic Thought - JPB340
Title: History of Economic Thought
Guaranteed by: Institute of Economic Studies (23-IES)
Faculty: Faculty of Social Sciences
Actual: from 2024
Semester: summer
E-Credits: 6
Examination process: summer s.:
Hours per week, examination: summer s.:2/2, Ex [HT]
Capacity: unknown / unknown (unknown)
Min. number of students: unlimited
4EU+: no
Virtual mobility / capacity: no
State of the course: taught
Language: English
Teaching methods: full-time
Is provided by: JEB016
Note: course can be enrolled in outside the study plan
enabled for web enrollment
priority enrollment if the course is part of the study plan
Guarantor: doc. Ing. Tomáš Cahlík, CSc.
Teacher(s): doc. Ing. Tomáš Cahlík, CSc.
Jan Mošovský, M.Sc.
Yermone Sargsyan, M.Sc.
Pre-requisite : {Group of pre-requisites Principles of Economics II (JPB098 or JEB102 or JPB330)}
Incompatibility : JEB016
Files Comments Added by
download HET1 - Lecture.ppt Lecture 1st Week doc. Ing. Tomáš Cahlík, CSc.
download HET1-Seminar.ppt Seminar 1st Week doc. Ing. Tomáš Cahlík, CSc.
download HET10 - LectureAdamSmith.ppt Lecture 10th Week doc. Ing. Tomáš Cahlík, CSc.
download HET10 - Seminar.pptx Seminar 10th Week doc. Ing. Tomáš Cahlík, CSc.
download HET11 - LectureJMKeynes.ppt Lecture 11th Week doc. Ing. Tomáš Cahlík, CSc.
download HET11 - SeminarAlfredMarshall.ppt Seminar 11th Week doc. Ing. Tomáš Cahlík, CSc.
download HET12 - Lecture.ppt Lecture 12th Week doc. Ing. Tomáš Cahlík, CSc.
download HET12 -SeminarJASchumpeter.ppt Seminar 12th Week doc. Ing. Tomáš Cahlík, CSc.
download HET2 - Lecture.ppt Lecture 2nd Week doc. Ing. Tomáš Cahlík, CSc.
download HET2 - Seminar.ppt Seminar 2nd Week doc. Ing. Tomáš Cahlík, CSc.
download HET3 - Lecture.ppt Lecture 3rd Week doc. Ing. Tomáš Cahlík, CSc.
download HET3 - Seminar.ppt Seminar 3rd Week doc. Ing. Tomáš Cahlík, CSc.
download HET4 - Lecture.ppt Lecture 4th Week doc. Ing. Tomáš Cahlík, CSc.
download HET4 - Seminar.ppt Seminar 4th Week doc. Ing. Tomáš Cahlík, CSc.
download HET5 - Lecture.ppt Lecture 5th Week doc. Ing. Tomáš Cahlík, CSc.
download HET5 - Seminar.pptx Seminar 5th Week doc. Ing. Tomáš Cahlík, CSc.
download HET6 - Lecture.pptx Lecture 6zh Week doc. Ing. Tomáš Cahlík, CSc.
download HET6 - Seminar.ppt Seminar 6th Week doc. Ing. Tomáš Cahlík, CSc.
download HET7 - Lecture.ppt Lecture 7th Week doc. Ing. Tomáš Cahlík, CSc.
download HET7 - Seminar.ppt Seminar 7th Week doc. Ing. Tomáš Cahlík, CSc.
download HET8 - Lecture.ppt Lecture 8th Week doc. Ing. Tomáš Cahlík, CSc.
download HET8 - Seminar.ppt Seminar 8th Week doc. Ing. Tomáš Cahlík, CSc.
download HET9 - Lecture.ppt Lecture 9th Week doc. Ing. Tomáš Cahlík, CSc.
download HET9 - Seminar.ppt Seminar 9th Week doc. Ing. Tomáš Cahlík, CSc.
Annotation -
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 about 30 pages per week)

1st Week:

Aristotle: Politics, Book I Parts 8-11  

https://historyofeconomicthought.mcmaster.ca/aristotle/Politics.pdf

Aristotle: Ethics, Book 5 Part 5

https://socialsciences.mcmaster.ca/econ/ugcm/3ll3/aristotle/Ethics.pdf

Aquinas: The Summa Theologica, Second Part of the Second Part, Questions 77, 78 

http://www.documentacatholicaomnia.eu/03d/1225-1274,_Thomas_Aquinas,_Summa_Theologiae_%5B1%5D,_EN.pdf

2nd Week:

Richard Cantillon: An Essay on Economic Theory, Part 3 (International Trade and Business Cycles), Chapters 1-3 

https://cdn.mises.org/An%20Essay%20on%20Economic%20Theory_2.pdf

3rd Week:

Adam Smith: The Wealth of Nations, Book 1 Chapters 1-4

https://www.ibiblio.org/ml/libri/s/SmithA_WealthNations_p.pdf

4th Week:

John Stuart Mill: Principles of political Economy, Book V (On the influence of government), Chapters V, VI

https://www.gutenberg.org/files/30107/30107-pdf.pdf

5th Week:

Ludwig von Mises: Liberalism, Chapter 2 -  On Liberal Economic Policy

https://fee.org/media/26708/liberalism-ludwig-von-mises.pdf

6th Week:

Lionel Robbins: An Essay on the Nature and Significance of Economic Science, Preface and Chapter 1

https://cdn.mises.org/Essay%20on%20the%20Nature%20and%20Significance%20of%20Economic%20Science_2.pdf

7th Week:

Karl Marx: A Contribution to the Critique of Political Economy, Preface and Appendix 1: Production, Consumption, Distribution, Exchange

https://www.marxists.org/archive/marx/works/download/Marx_Contribution_to_the_Critique_of_Political_Economy.pdf

8th Week:

John Maynard Keynes: The General Theory of Employment, Interest and Money, Chapters 1, 2, 3, 24

https://www.marxists.org/reference/subject/economics/keynes/general-theory/index.htm

9th Week:

Thorsten Veblen: The Theory of the Leisure Class, Chapters 2, 3, 4

http://moglen.law.columbia.edu/LCS/theoryleisureclass.pdf

10th Week:

M. Friedman: Capitalism and Freedom. Chapters III, VIII

http://pombo.free.fr/friedman2002.pdf

Last update: Cahlík Tomáš, doc. Ing., CSc. (23.04.2024)
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)
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:

https://dl3.cuni.cz/course/view.php?id=499&lang=en

1st midterm test: March 15th, 2024 (the whole day)

2nd midterm test: April 12th, 2024 (the whole day)

3rd midterm test: May 17th, 2024 (the whole day)

Final tests will be on May 22nd at 9:30 a.m., on May 29st at 9:30 a.m., on June 12th at 9:30 and on September 4th at 9:30 a.m.

There are no retakes for midterm tests, you just loose the points. According to our study rules, you have two retakes for the final test.

After summarizing all points, our standard grading scale will be applied:

0-50 (F), 51-60 (E), 61-70 (D), 71-80 (C), 81-90 (B), 91-100 (A)

Last update: Cahlík Tomáš, doc. Ing., CSc. (12.02.2024)
Syllabus -

Weekly Schedule:

1.    S (Seminar): Moral and Political Philosophy and Economics

       L (Lecture): Introduction to the Course. From Ancient Greece to the 16th Century.

2.    S. Developments of Ideas on Property Rights.

       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.

3.     S: Development of Ideas on Public Finance.

         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.

4.     S: Economies as Systems.

         L: Modern Time – Basic Milestones: John Stuart Mill. Marginalist Revolution - Background, William Stanley Jevons, Carl Menger, Léon Walras. Keynesian Revolution. Monetarist Counterrevolution. Philosophy of Science - Selected Topics.

5.     S: Development of Ideas on  International Trade.

         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.

6.     S: Factors of Production and Economic Growth and Development in Historical Perspective.

       L: Neoclassical Thought in the Anglosaxonian World and its Neighbourhood before Keynes.

7.     S:The History of Monetary Economics.

       L: Marxist Economic Thought and its Neighbourhood.

8.    S: Keynes and Mainstream  Macroeconomic Thought after Keynes.

        L: Piero Sraffa, Michal Kalecki and the Introduction to Post-Keynesian Economics.

9.   S: Postkeynesian Economics and Its Neighbourhood.

      L: Institutional Economics and Ordoliberalism.

10.  S: General Economic Equilibrium - from Triumph to Crisis. Welfare Econoomics and the Economic Theories of Justice.

        L: Adam Smith in detail.

11.  Cancelled in 2024: National Holiday

      S: Alfred Marshall in detail

      L: John Maynard Keynes in detail

      In 2024, these topics will be neither in the midterm nor in the final tests.

12.   Cancelled in 2024: National Holiday 

     

13.  S: Joseph Alois Schumpeter in detail

        L: Closing the Course. What Character has our Knowledge of Economics? Why does Economic Thought Develop? Why do we study the History of Economc Thought?

Last update: Cahlík Tomáš, doc. Ing., CSc. (07.01.2024)
 
Charles University | Information system of Charles University | http://www.cuni.cz/UKEN-329.html