ECON 19 The Clash of Economic Ideas
Do the ideas of economists change the world? Or do major events change the ideas of economists? This course interweaves economic history with the history of economic thought to explore some of the major economic events that have changed our world over the past two centuries, such as the industrial revolution, the Great Depression, the collapse of socialism, and the globalization of the world economy. We will explore how the ideas of economists continue to influence how we think about how the economy works and the role of government in the economy. In particular, we will be studying the works of Adam Smith, Karl Marx, John Maynard Keynes, Friedrich Hayek, and Milton Friedman.