History of Economic Theory
IIT Madras, , Prof. Shivakumar
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Updated On 02 Feb, 19
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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History of Economic Theory by Dr. Shivakumar, Department of Humanities and Social Sciences IIT Madras, For more details on NPTEL visit httpnptel.iitm.ac.in
Sep 12, 2018
Excellent course helped me understand topic that i couldn't while attendinfg my college.
March 29, 2019
Great course. Thank you very much.