Economics 442

History of Economic Thought

 

Overview

Ancients/Mercantilists/Physiocrats

Adam Smith

       Notes on Smith’s Value Theory

David Ricardo – Thomas Robert Malthus

Utilitarianism: Bentham – Mill

Marx – Engels

Marginalist Revolution/Marshall

Marshall – Fisher – Wicksell – Stockholm School

John Maynard Keynes

       Amartya Sen, Capitalism Beyond the Crisis

              http://www.nybooks.com/articles/22490

Keynes’ Economics

Interpreting Keynes

Keynesian Offshoots

Milton Friedman and Monetarism

Macro Spectrum

Out-of-Mainstream / Radical Micro

Schumpeter / Modern Growth Theory

Akerlof and Shiller: Animal Spirits

A Trilogy of Economic Thought

Summary Slides