History of Economic Thought

Prerequisite: A grade of C- or higher in any WC&IL II course OR HON 1000; ECON 2015.

An examination of the historical underpinnings of the private enterprise system and its characteristics, vitality, and dynamism in the context of classical and democratic capitalism. The dynamic system is examined in relation to the freedom and welfare of the individual and the society. Theorists such as Adam Smith, Karl Marx, John Maynard Keynes, Ludwig von Mises, and Milton Friedman, among others, are examined.

Credit: 3