History of Economic Thought ((3))

Catalog description

This course examines major contributions made to the field of economics by great thinkers from Adam Smith to John Maynard Keynes and Milton Friedman. Systems of economic thought and their applications to economic practice and policy will be compared and evaluated on a variety of criteria, including efficiency and equity. Particular emphasis will be place on tracing the development of specific ideas (e.g., utility, income distribution, and terms of exchange) over time, including their application to current policy issues.