Historical Foundations of Political Economy I
Term:
Fall 2009
Subject Code:
GECO
Course Number:
5104
This course provides an introduction to the history of
classical economic thought.Because of
its concern with ethics, social class, income distribution, market competition,
class conflict, and technological change, classical economics provides important
building blocks for an understanding of modern capitalism. We begin with a survey of political economy
to 1776, including the mercantilists and the Physiocrats.We then turn to the classical
economists, focusing on Smith,
Ricardo, Mill, and Marx.We conclude with
a discussion of the relevance of classical thought for economic analysis today.
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