ECON 394(F) History of Economic Thought

The dominant theories, methods, and concerns of modern economists are rather different from those of Adam Smith. How did the discipline get to where it is today? This course will tackle part of this question by looking at the transformations in economic thought between Smith in the eighteenth century and Alfred Marshall in the early years of the twentieth. Lectures and discussions will focus on readings from Smith, Ricardo, Malthus, Mill, Marx, and Marshall. Grades will be based on class participation, a series of short essays and a final exam. Prerequisites: Economics 251 and 252, or consent of the instructor. Enrollment limited to 25. This course satisfies the Economics Department's alternative paradigms requirement.