ECON 372 - History of Economic Institutions and Thought

  • 3 credits
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Origins and development of capitalist institutions including contemporary issues of alienation, loss of community, and changing values.

This course provides an introduction to the history of economic thought. The course will begin with a brief survey of pre-capitalist economic thought, then cover the evolution of economic thinking from the mid-18th century around the time that Adam Smith was writing and continue through to the present day.

Particular focus will be paid to:

  • the Classical Political Economists;
  • the Marginalist Revolution and Neoclassical economics;
  • heterodox approaches to Poilitical Economy;
  • the Keynesian and Austrian schools of thought; recent developments in economic thinking.
  • recent developments in economic thinking.

By the end of the semester you should be able to:

  • understand the main ideas of the major schools of economic thought;
  • recognize the historical context behind different contributions to economic thought;
  • develop an appreciation for the evolution of capitalist institutions, economic thinking, and the nature of economies;
  • understand the difference between “Political Economy” and “Economics” and “orthodox” and
  • heterodox” economics;
  • develop a broader set of tools with which to think about and solve real world economic problems.

This course requires proctored exams. Details will be provided in the course syllabus.

Prerequisite

ECON 101 (Economics of Social Issues) or ECON 202 (Principles of Microeconomics) or AREC 202 (Agricultural and Resource Economics).

Textbooks and Materials

Textbooks and materials can be purchased at the CSU Bookstore unless otherwise indicated.

Required

  • Teachings from the Worldly Philosophy (1997)
    Heilbroner, Robert L.
    ISBN: 978-0393316070
  • The Worldly Philosophers-Revised, 7th Ed. (1999)
    Heilbroner, Robert L.
    ISBN: 978-0684862149

Instructors

Kevin Crofton
Kevin Crofton

kevin.crofton@colostate.edu

Kevin is a Ph.D. student in the Department of Economics at Colorado State University. His fields of study and research are in environmental and regional economics. Prior to attending CSU, Kevin received a B.A. from Albion College in economics and management in 2004. In the past he has taught classes on introductory microeconomics and macroeconomics. He is passionate about sharing his enthusiasm about economics with his students. When not involved in academia, Kevin spends time in the mountains either backpacking or skiing, but even then he is likely still talking to anyone who will listen about rational choices under scarcity.

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