Eco 368
History of Economic Thought
SYLLABUS
Monday, Wednesday and Friday, 9:00-10:00am, UTC 3.122
Professor Harry Cleaver
Office: BRB 3.162
Office Hours: Th:8:00-10:00am, W:10:00-12:00noon
TA name and office hours TBA
Course Description
This course deals with the history of economic thought in modern times, i.e.,
since the rise of capitalism as a social, and increasingly global, system. It
is a central tenet of my approach to studying and teaching this history, that
the ideas themselves be grasped as a part of the history within which they
were formulated and spread. Ideas stand neither above nor outside of history
but within it, as moments of strategic thinking and of the ideological
justification of strategies for organizing the world. The history of economic
ideas, therefore, can only properly be grasped as part of the history of the
economy itself, with all its moments of organization and conflict. "Economics"
is the study of the economy, i.e., the capitalist organization of the
production and distribution of wealth. But it has also been part of the
effort to promulgate and justify that economy and the subordination of all
of society to it. As you will discover, as capitalism has developed and
transformed more and more of social life into moments of itself, economics has
simultaneously provided an "economic understanding" of those moments to
replace previous ones.
Indeed, the contemporary definition of economics as
the "science of choice" clearly seeks to embrace an extremely wide array of
human social activities --many of which, like the internal personal relations
of families, were hitherto considered outside the economy. But, of course,
this is not just a matter of intellectual imperilism, of economists seeking
to impose their logic on new realms of the human. It is an intellectul
moment that reflects, justifies and seeks to order the actual incorporation
of families into the reproduction of the economy (capitalism) itself.
For
economists are preeminently architects of the economy. They do not simply
seek to understand it or to justify it. They seek to maintain, strengthen
and expand it. They develop abstract theories but those theories inform
(often quite intentionally) the management of the economy and of all the
social life it encompasses.
Therefore, I argue, how you feel about economic theories,
about economists and their work, depends on how you feel about the economy
(capitalism) of which they are the caretakers and propagators. If you are in
fundamental agreement with their view that this is the best kind of social
order that can be achieved, then your primary interest in studying the
history of economic thought will be in analysing the strengths and weaknesses
of various approaches to managing it within various contexts.
If on the other hand, you have severe
critiques of this kind of social order and think humans ought to be able to
transcend it, then your interest in the various moments of economic thought
may be primarily in seeing how economists have contributed to thwarting such
transcendence in the past, as an aid to understanding how they are doing so
in the present.
Study Materials
The majority of readings for this course are available to you on-line.
When I first created this course, I spent a goodly chunk of the summer
searching the web (and other e-text sources) to gather useful material
and create links to it here in the on-line list of readings.
The online material is also linked in the "lecture notes" I am creating
for each section
and you will be expected to read all the material so linked unless you
have been told otherwise. This process of gathering material, however,
has continued ever since, and I may add further to the existing array
of materials as we proceed. If in your studies you find what you
consider to be important materials that are not currently available
please bring them to my attention. A major online
source for information on economists and their original texts is the
History of Economic Thought
website.
Many of the links provided for this class are to that site or to others
found through it. In as much as this is a one-semester survey course,
there is far more informaton available than we will cover and such sites
can provide you with valuable tools for further explorations on your own.
One hardcopy text that has been ordered for this course is Robert
Heilbronner's The Worldly Philosophers. This book provides an easy
to read overview of the history of economic thought up to the post WWII period.
It is an interpretive essay, however, and no substitute for reading original
texts by the various authors. Moreover, given the time it was written it does
not cover more recent decades and therefore must be followed up with more
contemporary material.
Because this semester this course is a writing component course I have
also ordered copies of the
latest edition of
William Strunk and E.B. White's famous little book
Elements of Style. This book's preoccupation is with writing
simply and clearly, in the vernacular, i.e., in everyday, easy to understand
prose. The original 1918 version
of the book is no longer copyrighted and is available on-line. Master these
basic elements of clear writing and you will have firm foundation for
developing more specific personal styles of writing.
Suggested Study Method
As a means of studying the materials listed above, I recommend that
you keep a notebook during the entirety of the course consisting of the
following:
1) Your own notes summarizing the arguments of the various authors and
relating them to the times in which they lived and wrote as well as to
each other.
2) Class notes on my lectures and class discussions, and finally, most
importantly,
3) Your own comments on the authors, critiques of my comments and your
own interpretations - and possible appropriations - of the subject matter.
The notebook could be designed as follows: a spiral or loose-leaf notebook
with notes spread across two opposing pages. The left page divided in two
with the left column for notes on the various authors and the right column
for class lecture
notes, the right page for your own commentaries. I strongly recommend that
you keep your reading and note taking ahead of class lectures. If you have
read, studied and taken notes on material before it is covered in class,
then when you listen to the lectures, you will be in a much better position
to understand and evaluate what is being said, to ask questions or to offer
your own interpretations. If you get behind in this class, you are in real
trouble! The notebook can provide you with a unified, compact instrument
for studying and thinking about the materials. It would also be your best
preparation for tests.
Prerequisites
This is an upper division economics course and you will find it easier if
you have already taken at least the two introductory courses in macro and
micro. In as much as we will be studying the development of economic thought
within history, you will also be better off if you are familiar with
the history of the UK (esp. England, Scotland and Ireland), of France and of
the United States from the mid-18th through the 20th Centuries. If you are
not familiar then you will have a little extra work acquiring enough
familiarity to situate the texts you will be reading.
Requirements
Largely because of the thought I have been putting into the course I teach
on the Political Economy of Education, I have become more and more convinced
that studying course material without appropriating it in some way is
a royal waste of time. Therefore in ALL of my classes I am now asking that
you seriously think about what you can appropriate, i.e., integrate into
your life trajectory, either as part of your intellectual development or
in terms of your decisions about how you behave in the world. Concretely,
what I want you to do is to write two essays, one at the beginning of the
course and one at the end. In the former case I want you to think about
the path that led you to this course and how you might make use of it. In
the latter case, I want you to explain what you have appropriated and how,
as well as what you have NOT appropriated and why. These two essays
will constitute a substantial part of your grade (see below), so you
would do well to take
them seriously. In my other classes I have discovered that many students,
never having done anything like this before, find this assignment quite
difficult. To clarify what I am asking for I have written an essay on
"Learning, Understanding and Appropriating" - that you can find among
the other supplementary materials on this website - that includes some
examples, including my own.
This year this course is a writing component one. That means you will write
a series of things, not just to help yourself understand and appropriate
the material but to work on your writing skills. It also means that you
will get feedback, mainly from me, aimed at pointing out problems with
your writing and sometimes making suggestions about how to improve it.
As you write, get feedback and study your writing, I want you to
take note of mistakes you make frequently and that you therefore need
to check for in your writing before posting it or handing it in. Later in
the semester, when you hand in the draft of your final essay, I will
expect you to attach a copy of this list of things you have found necessary
to work on during the semester. One simple example: "Go which hunting" -
an admonition based on having realized that you often use "which" where you
should use "that". The practical consequence of this awareness is that
you can run a search for "which" in your word processing program and then
examine each one to make sure it is properly used, or, conversely needs to
be changed to a "that."
Writing assignments:
All of the writings assignments described below should be constructed
using a word processor and should be spell and grammar checked before
either handing in or posting, as the case may be. In the case of essays,
pages must be numbered. In the case of posting,
given the peculiarities of Blackboard, you need to use dumb as opposed to
smart quotes and use n-dashes instead of m-dashes to keep the text clean.
- The first of the two essays mentioned above will be the first of your
writing assignments. It should be approximately five pages long (double-
spaced) and handed in to me by the end of the second week of classes, i.e.,
September 4th, in digital form. I will assess these essays for both
content and writing and return them to you. This essay will NOT be graded, but
my comments will give you some idea of how I will be grading your other
material, including your final essay.
- You will be expected to write roughly one-page responses to the course
materials assigned each week. Those responses will be posted on the
appropriate Blackboard forum by Friday of each week. You will also
be expected to write reactions to each other's postings. Your
responses should be written in the light of your initial essay, and confront
the issue of "appropriation", as well as explaining any other reactions
you may have to the texts. Because with a class of 20+ students, it is
hardly feasible for you to react to everyone's responses, you need only
react to one each week. However, you must pick one that no one else has
picked, so that everyone's responses will receive at least one reaction.
You can, of course, react to more than one, but if you do write up a
reaction to a second or third response, don't post it until someone else
has first posted their reaction. I will give you, periodically, individual
feedback on how I think you are doing. Your initial postings will count
for 30 percent of your final grade and your responses to others' postings
will count for another 30 per cent. Let me be clear: you will be graded on
both the thoughtfullness of your response to the ideas in the texts and
the quality of your writing.
- The second essay mentioned in the section above (the
essay on appropriating material made available in this course) will be
constructed in two steps. First, by October 3rd, you need to submit
an outline of your final essay, complete with references to whatever
intellectual materials (both inside and outside of this course) whose
influence on you will be discussed in the essay. That outline will be
returned to you with any comments I feel are appropriate. It will not
be graded. Second, the essay itself
will be due at the end of the 10th week of classes, i.e., October 30th.
Once again, I will give you individual feedback and you
will have an opportunity to revise and resubmit that essay by the last day
of class. I will grade your final version and that grade will constitute
30 per cent of your overall grade. Because this course will be organized in
seminar fashion, attendance is mandatory, will be checked, and will constitute
10 percent of your final grade.
Course Organization
Because this is a writing component course and enrollment is limited,
I prefer to conduct this course primarily as a seminar, that is to say a
course more of discussion than lecture. We will discuss this in class but
I propose the following way of proceeding. With the class meeting three
times a week, on Monday I lead discussion, explaining to you how I
assess the readings of the week, what I think is most important and what
I have appropriated from them. On Wednesday the class breaks into
smaller groups of 5-6 to discuss your own readings of the material. And
then on Friday, we have general in-class discussion of the readings
with everyone, myself included, participating. If you have finished reading
the assigned material by Wednesday, discussions on Wednesday and Friday
should provide you with extra material for whatever responses you might post
by Friday. And then you will have the weekend to read and react to each
other's postings, while beginning to read the material assigned for the
following week.
The course calendar currently lists the subject matter to be covered
each day when the course is taught as a lecture course. Actual weekly reading
assignments for this semester will be posted on the Blackboard
"assignments" page.
NB: Students with disabilities may request appropriate academic
accomodations from the Division of Diversity and Community Engagement,
Services for Students with Disabilities, 471-6259.