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. (09.04.2026)
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. (09.04.2026)
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. (01.02.2026)
Syllabus -
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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)
