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Lecture Details :
History of Economic Theory by Dr. Shivakumar, Department of Humanities and Social Sciences IIT Madras, For more details on NPTEL visit http://nptel.iitm.ac.in
Course Description :
Contents:
The Socio-Economic Role of Scarcity and Uncertainty - The Process of Construction of Knowledge - The roles of Faith and Experience - From Orphism to the Milesians in ancient Greece - Pythagoras and Heraclitus - From Parmenides to the atomists - From the ancient Greece to the emergence of Feudalism - Feudalism and the growth of the Church - The age of Faith: Europe until the crusades - The beginnings of modernity - Scholasticism and St.Thomas - Transformation of Europe towards modernity - Birth of political economy: mercantilism
The debate over mercantilism: Hume and Cantillon - A postscript to mercantilism: Hume and James Stewart - ‘Natural Order’ and the market: Quesney and Galiani - Smith: the Invisible Hand - Smith: Growth theory, long run equilibrium and Institutions - Ricardo-Malthus debate - Ricardian economics and more - Equilibrium of the market: from Say to Walras
More on Equilibrium: Cournot, Dupuit, Gossen, von Thunen - Socialists and Marx - The economics of Marx - Marx as an ideologue of revolution - Arrival of modern universals in Economics: Neo classical school - Economic Theory at the time arrival of Keynes - The centrality of the idea of efficiency in the study of market - Keynesian Revolution: Macroeconomics
Keynesian economics - Economics of Institutions - Transaction cost and Economic Anthropology approaches - Evolutionary Economics: the idea of change as evolution - From Schumpeter to neo Schumpetarian evolutionism - The social construction of knowledge: Case of Economics - The social construction of knowledge: Adaptation and Revolution
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