Great Economic Thinkers

P008-902-G

Contact: Teachers: Maik Huettinger, David Rees. Secretary: Virginia Mongondry
Evaluation:  Oral presentation 25%. 
 
                      Course participation 25%
.
                      Exam 50%.

Group 1. Thursday 16 January to Friday 21 February
Group 2. Thursday 7 February to Friday 11 April

Lesson 1
Maik Huettinger
Thursday 16 January
08h30-10h30

Introduction
All material available on Moodle
Lesson 2
Maik Huettinger
Thursday 16 January
10h30-12h30

Adam Smith
All material available on Moodle



Lesson 3
Maik Huettinger
Thursday 23 January
08h30-10h30

Thomas Malthus and David Ricardo
All material available on Moodle


Lesson 4
Maik Huettinger
Thursday 23 January
10h30-12h30

Jean-Baptiste Say and John Stuart Mill

All material available on Moodle


Lesson 5
David Rees
Thursday 30 January
08h30-10h30
Distance

Karl Marx part 1

Introduction

Charlie Chaplin. Modern Times. Factory scene
Fritz Lang. Metropolis. Ouverture
Film questions

The Life of Karl Marx (BBC). 59m
How capitalism is killing itself. 35m. The Empire Files (Dr Richard Wolff)

Theory, concept and history (David Rees)
Marx and Globalisation (David Rees)
Manifesto of the Communist Party
Karl Marx et Frederic Engels, 1848

Presentation:  
How has the exploitation of labour evolved from the Industrial Revolution to 2025? 
Saad Ahmed


Presentation: 
How did the Enclosures Acts transform cottage industries and contribute to the Industrial Revolution?
 
Lesson 6
David Rees
Thursday 30 January
10h30-12h30
Distance

Karl Marx part 2

Political Theory. Karl Marx. 9m. The School of Life.
Marx - introduction. 5m. The curious classroom
25 October 1917. The Russian Revolution (Epic History) (14m)
Globalisation and wealth distribution (David Rees)
Crises of capitalism (David Harvey) (11m)
Marx - introduction. 5m. The curious classroom

Manufacturing Consent (Noam Chomsky) (2h46m)
Everything is a Rich Man's Trick (Top Documentary Films. 3h28m)

Presentation: 
What were the
historical efforts and challenges in creating Marxists states or regimes?
Anaëlle Pivet

Presentation:  
How does Marx's concept of the alienation of labour apply to the modern workforce?

Anna Smith


Marx Summary
Lesson 7
Maik Huettinger
Thursday 6 February
08h30-10h30

William Jevons, Carl Menger and Leon Walrus
All material available on Moodle  
Lesson 8
David Rees
Thursday 6 February
10h30-12h30

Alfred Marshall, Knut Wicksell and Irving Fischer

Elasticity. pdf. DR

The Cambridge Economists pdf. DR
Marx Quiz

Presentation:
What is the significance of elasticity in economic theory and practice?
Louis Matha

Presentation:
How do the marginal propensities to consume and save influence the effects of government policy?
Nouhaila Benbalyout



Lesson 9
Maik Huettinger
Thursday 13 February
08h30-10h30

Thornstein Veblen, Wesley Mitchell and John Commons
All material available on Moodle
Lesson 10
Maik Huettinger
Thursday 13 February
10h30-12h30

Carl Menger, Eugen Böhm von Bawerk, Ludwig von Mises, Friedrich von Hayek and Joseph Schumpeter
All material available on Moodle
Lesson 11
David Rees
Thursday 20 February
08h30-10h30

John Maynard Keynes part 1

Masters of Money - John Maynard Keynes (BBC 60m)

Rees. A Keynesian New World Order for the 21st Century
Keynesian New World Order. References
Available in 'Economic Theory and Globalization'

Lesson 8 Quiz
Presentation: 

Was the 1932 US 'New Deal' an application of Keynesian economics? 
Antoine Rouet

Presentation: 
How did Keynesian politics shape the global economy from the mid 1940s to the mid 1970s? 
Saskia Marouteix

Keynes and The New Deal (10m)
Keynesian Economics (5m)

Keynes on the Bancor and ICU pdf DR
Lesson 12
David Rees
Thursday 20 February
10h30-12h30

John Maynard Keynes part 2





Presentation:  
What was the basis of Keynes's criticism of the Versailles Treaty? 
Raphaël Dupont

Presentation: 
What competing ideas emerged at the Brettton Woods Conference between John Maynard Keynes and Harold Dexter White? 
Reuben Baiju

Treaty of Versailles (video 3m)
Economic Consequences of the Peace (book)
Bretton Woods (90s)

The 2025 French Austerity programme and Keynes

The New Deal

Lesson 13
Maik Huettinger
Friday 21 February
08h30-10h30

Joan Robinson, Paul Sweezy, Karl Myrdal, John Galbraith and Ronald Coase
All material available on Moodle
Lesson 14
David Rees
Friday 21 February
10h30-12h30

Milton Friedman and Joseph Stiglitz
Milton Friedman and Chile - the Power of Choice. Free to Choose. (9m)
Key lessons from 'The Chicago Boys' Chile experiment. Stigler Centre. (54m)
Le Duel de Critiques. Milton Friedman vs Pierre Larrouturou et Dominique Méda. BFM Business (in French) (13m)
Naomi Klein critique of Friedman. C-Span. (5m)
Is Progressive Capitalism an Oxymoron? Interview with Joseph Stiglitz. TVO Today. (20m)

Reading
Naomi Klein. The Shock Doctrine.
Robert Reich. Beyond Outrage.
Joseph Stiglitz. Making Globalisatin Work.
Joseph Stiglitz. The Price of Inequality.
Joseph Stiglitz. People Power and Profits
Presentation: 
Has the World Bank contributed to increasing inequality worldwide?
Sacha Guiguet

Presentation:
How did Friedman and the Chicago Boys influence Chile's economic policies?
Nathan Pautonnier

History of Economic Theory. David Rees

Joseph Stiglitz: Man who ran World Bank calls for bankers to face the music. Independent.
Joseph Stiglitz Books. Amazon

Lesson 15
David Rees
Friday 21 February
13h30-15h30

Personal political ideology. Right, Left or Lost?
Personal Political Ideology
Opinions - discussion

Economic Theory - concluding remarks.
Some personal ideas
Political positioning
Left or Right?
Socialist or Capitalist?
Pre-questionnaire ideology test
Personal Political Position
Opinions

Keynes Quiz
Course evaluation
For video links, books and articles - go to 'Links' on this website.


Group 2
Lesson 1
Maik Huettinger
Thursday 27 February
08h30-10h30

Introduction
All material available on Moodle
Lesson 2
Maik Huettinger
Thursday 27 February
10h30-12h30

Adam Smith
All material available on Moodle
Lesson 3
Maik Huettinger
Thursday 6 March
08h30-10h30

Thomas Malthus and David Ricardo
All material available on Moodle
Lesson 4
Maik Huettinger
Thursday 6 March
10h30-12h30

Jean-Baptiste Say and John Stuart Mill
All material available on Moodle
Lesson 5
David Rees
Thursday 13 March
08h30-10h30
Distance

Karl Marx part 1
Introduction

Charlie Chaplin. Modern Times. Factory scene
Fritz Lang. Metropolis. Ouverture

The Life of Karl Marx (BBC). 59m
How capitalism is killing itself. 35m. The Empire Files (Dr Richard Wolff)

Theory, concept and history (David Rees)
Marx and Globalisation (David Rees)
Manifesto of the Communist Party
Karl Marx et Frederic Engels, 1848

Presentation: 

Presentation:  From the Commons to the Enclosures Act. 
Lesson 6
David Rees
Thursday 13 March
10h30-12h30
Distance

Karl Marx part 2
Political Theory. Karl Marx. 9m. The School of Life.
Marx - introduction. 5m. The curious classroom
25 October 1917. The Russian Revolution (Epic History) (14m)
Globalisation and wealth distribution (David Rees)
Crises of capitalism (David Harvey) (11m)
Marx - introduction. 5m. The curious classroom

Manufacturing Consent (Noam Chomsky) (2h46m)
Everything is a Rich Man's Trick (Top Documentary Films. 3h28m)

Presentation:  

Presentation: 


Marx Summary
Lesson 7
Maik Huettinger
Thursday 20 March
08h30-10h30

William Jevons, Carl Menger and Leon Walrus
All material available on Moodle
Lesson 8
David Rees
Thursday 20 March
10h30-12h30

Alfred Marshall, Knut Wicksell and Irving Fischer

Elasticity. pdf. DR

The Cambridge Economists pdf. DR
Presentation: 

Presentation:


Presentation: 
Lesson 9
Maik Huettinger
Thursday 27 March
08h30-10h30

Thornstein Veblen, Wesley Mitchell and John Commons
All material available on Moodle
Lesson 10
Maik Huettinger
Thursday 27 March
10h30-12h30

Carl Menger, Eugen Böhm von Bawerk, Ludwig von Mises, Friedrich von Hayek and Joseph Schumpeter
All material available on Moodle
Lesson 11
David Rees
Thursday 03 April
08h30-10h30

John Maynard Keynes part 1
Masters of Money - John Maynard Keynes (BBC 60m)

Rees. A Keynesian New World Order for the 21st Century
Keynesian New World Order. References
Available in 'Economic Theory and Globalization'

Diesel cars in France. Electric cars in France. Solar panels. Public transport.

Presentation: 

Presentation: 


Keynes and The New Deal (10m)
Keynesian Economics (5m)

Keynes on the Bancor and ICU pdf DR
Lesson 12
David Rees
Thursday 03 April
10h30-12h30

John Maynard Keynes part 2

Presentation:  

Treaty of Versailles (video 3m)
Economic Consequences of the Peace (book)
Bretton Woods (90s)

Lesson 13
Maik Huettinger
Friday 04 April
08h30-10h30

Joan Robinson, Paul Sweezy, Karl Myrdal, John Galbraith and Ronald Coase
All material available on Moodle
Lesson 14
David Rees
Friday 04 April
10h30-12h30

Milton Friedman and Joseph Stiglitz
Milton Friedman and Chile - the Power of Choice. Free to Choose. (9m)
Key lessons from 'The Chicago Boys' Chile experiment. Stigler Centre. (54m)
Le Duel de Critiques. Milton Friedman vs Pierre Larrouturou et Dominique Méda. BFM Business (in French) (13m)
Naomi Klein critique of Friedman. C-Span. (5m)
Is Progressive Capitalism an Oxymoron? Interview with Joseph Stiglitz. TVO Today. (20m)

Reading
Naomi Klein. The Shock Doctrine.
Robert Reich. Beyond Outrage.
Joseph Stiglitz. Making Globalisatin Work.
Joseph Stiglitz. The Price of Inequality.
Joseph Stiglitz. People Power and Profits
MPC / MPS

Presentation:  


History of Economic Theory. David Rees

Stiglitz leaves World Bank. N. Y. Times
Joseph Stiglitz: Man who ran World Bank calls for bankers to face the music. Independent.
Joseph Stiglitz Books. Amazon

Course evaluation
Lesson 15
David Rees
Friday 11 April
13h30-15h30

Personal political ideology. Right, Left or Lost?
Personal Political Ideology
Opinions - discussion

Economic Theory - concluding remarks.
Some personal ideas
Political positioning
Left or Right?
Socialist or Capitalist?
Personal Political Position
Opinions

Exam 25m (on Moodle - last lesson) at 15h
For video links, books and articles - go to 'Links' on this website.