Historical Foundations of Political Economy 1

Term: Fall 2011

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.  The main focus is 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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