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The Role of the Government in Modern Economies

Prof. Erik Reinert
Date: 28 de janeiro a 07 de fevereiro 2002

1ª session: introduction. Methodology and Toolboxes: The Different Kinds of Economics.
Readings:

The Other Canon, “Two Different Ways of Understanding the Economic World and The Wealth and Poverty of Nations (3 pages), Bruce Henderson, Boston Consulting Group, Perspectives on Strategy (1998): “Business Thinking”, BC, pp.260-263.


2ª session: Theories of History: Learning, Technological Change and Economic Development.
Readings:

Erik Reinert: “Karl Bücher and the Geographical Dimensions of Techno-Economic Change: Production-Based Economic Theory and the Stage s of Economic Development”.
Albert O. Hirschman: “The Passions and the Interests”, pp.9-31 and pp. 132-135.


3ª session: The Renaissance and Duty-Based Systems: From Economic Anthropology to Statecrafting and Nation-Building. The Failure of Spain’s 16th Century Policies.
Readings:

Reinert & Daastol, “Exploring the Genesis of Economic Innovations: The Religious Gestalt-Swich and the Duty to invent as Preconditions for Economic Growth”, pp. 1-24 (= 122-264).
Gustav Schmoller: “The Mercantile System and is Historical Significance”, particularly pp. 1-17, 29-36, 49-80.


4ª session: Mercantilism, Colbertism and Cameralism: Economic Growth as Activity-Specific, ‘Good’ and ‘Bad’ Trade, The role of Cities and Diversity, Scale and Synergies.
Readings:

Antonio Serra, “A Brief Treatise” (1613), (Monroe pp. 145-167),
Daniel Defoe, “A Plan of English Commerce” (1730) pp. 126-135,
Philipp von Hornick, “Nine Proncipal Rules of National Economy”, from “Austria Over All if She only Will (1684), (Monroe pp. 223-227).


5ª session: The 18th Century and the Mandevillean Revolution; Physiocracy and Adam Smith.
Readings:

Eric Roll and Adam Smith, “A History of Economic Thought”, pp. 138-173

 


6ª session: The Economic Policies of the 19th Century: List & USA vs. English Theory and English Practice.
Readings:

Alexander Hamilton , “Report on the Manufactures”,
Friedrich List: “Introduction to the National System of Political Economy”,
Optional: Reinert, “Raw Materials in the History of Economic Policy, or why List (the Protectionist) and Cobden (the Free Trader) Both Agreed on Free Trade in Corn”.

7ª session: The Economic Effects of 1948: Marx and Socialism, The Kathedersozialisten and the Verein für Sozialpolitik, The German Historical School.
Reading:

Roll pp. 303-311, Robert Heibroner: “The Inexorable System of Karl Marx”
Taming US Capitalism: Veblen and American Institutionalism.
Reading:
Robert Heibroner: “The Savage Society of Thorstein Veblen”.

8ª session: Joseph Alois Schumpeter & Creative Destruction.
Readings:

“Creative Destruction in Economics: Nietzsche, Sombart, Schumpeter.”
Reinert: “the Role of Technology in the Creation of Rich and Poor Countries: Underdevelopment in a Schumpeterian System”.

9ª session: The Short 20th Century: Fordism and Keynesianism/Technological Change and Financial Crises.
Readings:

Heilbroner: ‘The Heresies of John Maynard Keynes”, Perez: “Technological Change and Financial Crises”, particularly pages 1-15 & 38-70.

10ª session: Globalisation. Wealth Polarisation, and Marginalisation. The Strategies of Ireland, Finland & United States vs. A ‘Morgenthau Plan’ for Parts of the Second and Third Worlds.
Readings:

“Perspectives on Strategy from the Boston Consulting Group”, pp. 9-24, 35-37.
Reinert: ‘Free Trade as a Morgenthau Plan: a Case Study of Mongolia in the 1990’s. Henry Clay, “Speech on American Industry” (1824).

 
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