History of economic thought
Dr Barry Goss and Mr Mike White
6 points * Two 1-hour lectures and one 1-hour tutorial per week * Second semester * Clayton * Prerequisite: ECO2020 and ECO2030
Objectives On completion of this subject students should be able to discuss critically and compare the work on selected topics of some major economists of the late seventeenth, eighteenth and nineteenth centuries; able to discuss critically the work on selected issues of some major economists of the first half of the twentieth century; familiar with primary and secondary sources relating to these selected economists and topics.
Synopsis The work of Richard Cantillon, David Hume, Adam Smith, David Ricardo, Thomas Malthus and Karl Marx will be studied, with special reference to the economics of value, distribution and accumulation. The work of W S Jevons, Alfred Marshall and J M Keynes will be discussed, with special reference to economic policies proposed by those writers.
Assessment Written (2000-word essay): 25% * Examination (2 hours): 50% * Class paper: oral presentation: 25%
Preliminary reading
Barber W J A history of economic thought Penguin, latest reprint
Prescribed texts
Roll E A History of economic thought 5th end, Faber, 1992
Smith A Wealth of nations (Cannan ed.) 2 vols in one, Chicago UP, latest reprint