Duration: 3 hours per week - 13 weeks [ECTS: 6]

Course outline

Economics is a discipline that evolves not because some new theories are “discovered” or some old theories are refuted, but also because its subject matter is evolving together with the social context of economic activities. This course aims to describe the evolution of economic thought from the Mercantilists to Keynes, with an emphasis upon the development of the British Political Economy.

1. Aims and objectives of the History of Economic Thought
2. The pre-scientific era of Economic Thought till the 16th cent.
3. The proto-scientific era of Political Economy: the Mercantilists.
4. Birth of Political Economy: Quesnay, Turgot.
5. British Classical Economists Ι: Smith
6. British Classical Economists ΙΙ: Ricardo
7. British Classical Economists ΙΙΙ: J.S. Mill, Senior, Cairnes
8. The critique of Political Economy: Marx
9. Precursors of the Marginalist School: Cournot-Dupuit-Gossen-Menger
10. The Marginalist School: Jevons – Walras – Edgeworth- Pareto
11. The birth of Neoclassical Economics: Marshall
12. American Institutionalism
13. The Keynesian Revolution