History of Political Economy (20654). 2 units. This course will consider the history of political economy as a history of economic and political discourses from the seventeenth to the twentieth century. Given this long span, it will obviously be highly selective in treating discursive and theoretical issues of major importance. The focus will be on three major themes: first, the transformation of the ancient theoretical vocabulary of polis and oikos into the modern vocabulary of civil society (or economy) and state; second, the emergence of the concept of the self-equilibrating economy in the eighteenth century, and subsequent controversies over its normative underpinnings; third, the rise and fall of classical political economy and its relation to its successor schools, nineteenth-century marginalism, and twenty-century welfare economics. Readings will consist mainly of original works by central figures in this historical tradition. Class participation is required. Paper required. Permission of the instructor required. Also PSLC 593a.D.S. Grewal.
Prerequisites: There are no formal prerequisites for the course, but it is only appropriate for students with a background in political theory and exposure to basic economics. Note: This course will follow the Graduate School calendar.
Note: Attendance at first class session is mandatory.