History of Economic Thought - JPB340

• Anglický název: History of Economic Thought
• Zajišťuje: Institut ekonomických studií (23-IES)
• Fakulta: Fakulta sociálních věd
• Platnost: od 2024
• Semestr: letní
• E-Kredity: 6
• Způsob provedení zkoušky: letní s.:
• Rozsah, examinace: letní s.:2/2, Zk [HT]
• Počet míst: neurčen / neurčen (neurčen)
• Minimální obsazenost: neomezen
• 4EU+: ne
• Virtuální mobilita / počet míst pro virtuální mobilitu: ne
• Stav předmětu: vyučován
• Jazyk výuky: angličtina
• Způsob výuky: prezenční
• Je zajišťováno předmětem: JEB016
• Poznámka: předmět je možno zapsat mimo plán; povolen pro zápis po webu; při zápisu přednost, je-li ve stud. plánu
• Garant: doc. Ing. Tomáš Cahlík, CSc.
• Vyučující: doc. Ing. Tomáš Cahlík, CSc.; Jan Mošovský, M.Sc.; Yermone Sargsyan, M.Sc.
• Prerekvizity : {Skupina prerekvizit Principles of Economics II (JPB098 nebo JEB102 nebo JPB330)}
• Neslučitelnost : JEB016

Anotace

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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.

Poslední úprava: Cahlík Tomáš, doc. Ing., CSc. (08.01.2023)

Literatura

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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)

1^st 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

2^nd 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

5^th 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

7^th 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

9^th Week:

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

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

10^th Week:

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

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

Poslední úprava: Cahlík Tomáš, doc. Ing., CSc. (23.04.2024)

Metody výuky

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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.

Poslední úprava: Cahlík Tomáš, doc. Ing., CSc. (04.01.2024)

Požadavky ke zkoušce

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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)

Poslední úprava: Cahlík Tomáš, doc. Ing., CSc. (12.02.2024)

Sylabus

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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?

 

 

 

 

 

 

Poslední úprava: Cahlík Tomáš, doc. Ing., CSc. (07.01.2024)