History of Economic Thought Organizational issues [T]he ideas of economists and political philosophers, both when they are right and when they are wrong, are more powerful than is commonly understood. Indeed the world is ruled by little else. John Maynard Keynes Agata Gemzik-Salwach,

Why study Economic Thought & Methodology?   This course examines the history of economic ideas.   It is not a history of what actually happened in the past but rather a history of theories about how the economy works.   Nonetheless, we will pay a little attention to economic history, since understanding what was going on in the economy in past times and places helps us to understand how people conceptualized the economy.

Materials   LITERATURE: H. Landreth, D. C.. Colander, History of Economic Thought, 4 th. ed. Houghton Mifflin Company, D. P. Brien, The Classical Economists Revisited, Oxford Univ. Press,   WEB RESOURCES: New School: Rod Hav’s database at MCMaster University: ndex.html ndex.html Akama Michio’s database at Ehime University: u.ac.jp/AkamacHomePage/Akamac_E- text_Links/Akamac_E-text_Links.html u.ac.jp/AkamacHomePage/Akamac_E- text_Links/Akamac_E-text_Links.html

Exam   The grade will be based on a writing assignment.   The exam will consinst of 6 questions.

Examples:   What were key the Mercantitists’ postulates?   Explain the economic ideas of the Physiocrats.   List three classes of the economy according to the Physioctrats?   Describe the main tenets of the classical school of economics.

CRITERIA AND FORM OF RECEIVING A CREDIT FOR CLASSES E-laerning 1) 1) Students will be asked to prepare a short essay on two of topics above. Activity on ADF as necessary requirement. 2) 2) Chat – activity on chat is not necessary requirement, but it is helpful for students. Students can prepare questions about the course to ask during the discussion on Internet.