|Semester and Year||SP 2013|
|Time||9:30 AM - 10:45 AM|
This class explores the intellectual history of economics during the 20th Century, and particularly the central economist of that century: John Maynard Keynes. What factors led to the ascendency of Keynesian economics during the middle of the 20th Century? What role did historical events such as the Great Depression, World War II, the Vietnam War and Stagflation play in determining this ascendance? What did the new, post-WWII technocratic class take from Keynes and what did they ignore? What led economists to largely disavow Keynes’ insights towards the end of the 20th Century? What does “Keynesian economics” even mean? We also examine works from the various schools of economic thought that emerged during the 20th century, all of which—in no small part—defined themselves either in support of or in opposition to Keynes’s ideas . Readings also include selections from Joan Robinson, Fredrick Hayek, Robert Lucas, Milton Friedman David Harvey, James Tobin, John Kenneth Galbraith and others.
Interdisciplinary Seminars (IDSEM-UG)