COURSE OUTLINE OF THE HISTORY OF ECONOMIC THOUGT

I. ANCIENT AND MEDIEVAL THOUGHT tracing the origins of the study of economics A. Plato and Aristotle B. Medieval Economic Thought II. MERCANTILISM AND THE ONSET OF THE MARKET ECONOMY A. Events that contributed to the end of the Medieval Period B. Mercantilism 1. On Domestic Policy 2. On International Policy III. THE PHYSIOCRATIC MOVEMENT AND PRECLASSICAL ECONOMICS A. Francois Quesnay B. Spanish Enlightenment and Liberalism IV. THE CLASSICAL SCHOOL OF ECONOMICS A. Adam Smith B. Thomas Malthus C. Jeremy Bentham and Utilitarianism D. John Stuart Mill E. David Ricardo V. SEPARATISTS FROM THE CLASSICAL SCHOOL A. Karl Marx B. The German Historical School VI. THE NEOCLASSICAL PERIOD IN ECONOMICS A. Early Theoretical Developments from France 1. A.A. Cournot 2. Jules Dupuit B. Austrian School of Economics 1. Menger, von Wieser and Bohm-Bawerk

C. English Microeconomic Theory 1. W.S. Jevons 2. Alfred Marshall 3. Leon Walras D. New Market Models VII. 20th CENTURY PARADIGMS A. Institutional Economics 1. Thorstein Veblen 2. John Kenneth Galbraith B. Models of Actual Markets in Microeconomic Theory 1. Edward Chamberlain 2. Joan Robinson C. Development of Modern Macroeconomic Theory 1. John Maynard Keynes 2. Monetarism = Milton Friedman 3. Theory of Business Cycles A. Friedrich Hayek D. Developments in the Ideas of Competition, Dynamics and Growth 1. Joseph Schumpeter E. Contemporary Microeconomics 1. George Stigler 2. Gary Becker