|COURSE NUMBER:||HIST 304|
|COURSE TITLE:||History of Economic Thought|
|NAME OF INSTRUCTOR:||Dr. Elwil Beukes|
|CREDIT WEIGHT AND WEEKLY TIME DISTRIBUTION:||credits 3(hrs lect 3 - hrs sem 0 - hrs lab 0)|
|COURSE DESCRIPTION:||This course explores ideas and theories about economic
have been developed from ancient times to the present, including (but
not limited to) those of the major economic thinkers from Adam Smith
onwards. These ideas will be analyzed in light of the economic,
political, social and intellectual contexts that helped to shape them.
By investigating this historical development, we will gain a better
understanding of how current approaches to economics and economic
policy-making came to be.
Same as ECON 331.
Prerequisites: ECON 203
|MARK DISTRIBUTION IN PERCENT:||
|COURSE OBJECTIVES:||This course will provide the story of the ways in which
Western societies actually organised their economic lives from feudal
times and then provided arguments, or theories, of why that was the
best way to proceed. It will thus be a course that embeds the
theoretical evolution of Economics within the institutions and wider
thinking in which it came about. The course will not dwell on the
detail of most theories – for which very substantial resources exist –
but will concentrate on how 18th and 19th century roots exercised such
a powerful hold on 20th century thinking, particularly on the evolution
of capitalist market economies in the second half of
the 20th century. It will also be argued that a small number of very central themes throughout persisted in economic thought since the 18th century and that these were eventually elevated in an ideological manner into unassailable truths that had to be adhered to with little or no amendment. This ideological hard-line provides the basis for discussion of a different understanding of economic thought from a Christian worldview perspective - one that is relevant for today and for moving into the future. The ongoing turmoil that has persisted in the economies of most Western countries for some years now, will be addressed as something that may have directly sprung from the aforementioned economic ideology and which can likely be usefully addressed only if the deeper, and historically grounded, ideological commitments are addressed as well.
The objectives of the course will thus be:
Required texts, assignments, and grade distributions may vary from one offering of this course to the next. Please consult the course instructor for up to date details.
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