Political Economy I

Readings

SES #	TOPICS	READINGS
1	Introduction: Paradigms and Social Science	Kuhn, Thomas. Structure of Scientific Revolutions. University of Chicago Press, 1996. ISBN: 9780226458083.
2	Theories of the Liberal State and Politics	Locke, John. Chapters 1–5 and 7–9 in Second Treatise on Civil Government. The Editorium, 2010. ISBN: 9781434103055. Berlin, Isaiah. “Two Concepts of Liberty.” In Four Essays on Liberty. Oxford University Press, 1990. ISBN: 9780192810342. Madison, James. Federalist Paper 10. Friday, November 23, 1787.  Recommended Condorcet, and Keith Michael Baker. “Sketch for a Historical Picture of the Progress of the Human Mind: Tenth Epoch.” Daedalus 133, no. 3 (2004): 65–82.
3	Neo-Classical Theories of the Economy	Friedman, Milton. Capitalism and Freedom. University of Chicago Press, 2002, pp. 1–55, 108–37, and 161–90. ISBN: 9780226264219. [Preview with Google Books] Becker, Gary. Chapters 1, 8, 12, and 13 in The Economic Approach to Human Behavior. University of Chicago Press, 1990. Recommended Dobb, Maurice. Theories of Value and Distribution Since Adam Smith: Ideology and Economic Theory. Cambridge University Press, 1975. ISBN: 9780521099363. [Preview on Google Books]
4	Liberal and Neo-Classical Approaches	Olson, Mancur. Chapters 1–4 in The Logic of Collective Action: Public Goods and the Theory of Groups. Harvard University Press, 1971. ISBN: 9780674537514. Hayek, Frederich. Chapters 1, 2, 4, and 5 in Individualism and Economic Order. University of Chicago Press, 1996. ISBN: 9780226320939. Recommended Harsanyi, John. “Rational-Choice Models of Political Behavior vs. Functionalist and Conformist Theories.” World Politics 21, no. 4 (1969): 513–37.
5	The Keynesian Revolution	Keynes, John Maynard. “The Great Slump of 1930,” “Economy,” and “The End of Laissez-Faire.” In Essays in Persuasion. CreateSpace Independent Publishing Platform, 2009. ISBN: 9781441492265. ———. The General Theory of Employment, Interest, and Money. Harcourt, Brace, and World, 1965. ISBN: 9780156347112.
6	Marxist Politics	Marx, Karl, and Friedrich Engels. “The Manifesto of the Communist Party.” In The Marx-Engels Reader. Edited by Robert C. Tucker. W.W. Norton, 1978, pp. 469–500. ISBN: 9780393090406. ———. Preface to a Contribution to the Critique of Political Economy. In The Marx-Engels Reader. Edited by Robert C. Tucker. W.W. Norton, 1978, pp. 3–6. ISBN: 9780393090406. Marx, Karl. The Eighteenth Brumaire of Louis Napoleon. Translated by D. D. L. CreateSpaceIndependent Publishing Platform, 2013. ISBN: 9781461072270. (Read in entirety, NOT in Tucker version). Recommended Gramsci, Antonio. Selections From the Prison Notebooks. Edited by Quintin Hoare and Geoffrey Nowell Smith. International Publishers Company, 1971, pp. 1–276. ISBN: 9780717803972.
7	Marxist Economics and Value Theory	Marx, Karl, and Friedrich Engels. “Capital.” In The Marx-Engels Reader. Edited by Robert C. Tucker. Norton, 1978, pp. 294–465. ISBN: 9780393090406. Howard, M. C., and J. E. King. The Political Economy of Marx. New York University Press, 1988, pp. 1–180. ISBN: 9780814734537. [Preview with Google Books] Rubin, I. I. Introduction and chapters 1, 8, and 18 in Essays on Marx’s Theory of Value. Black Rose Books, 1973. ISBN: 9780919618183.
8	Sociological Theories of Capitalism (I)	Weber, Max. Introduction and chapters 1, 2, 4, and 5 in The Protestant Ethic and the Spirit of Capitalism. Oxford University Press, 2010. ISBN: 9780199747252.
9	Sociological Theories of Capitalism (II)	Polanyi, Karl. Chapters 3–14 in The Great Transformation: The Political and Economic Origins of Our Time. Beacon Press, 2001. ISBN: 9780807056431. Except chapters go from 1–14.
10	Sociological Theories of Capitalism (III)	Boltanski, Luc, and Eve Chiapello. “Conclusion: The Force of Critique.” In The New Spirit of Capitalism. Verso, 2007, pp. 485–524. ISBN: 9781844671656.
11	Crisis and Capitalism	Review relevant passages from Marx’s Communist Manifesto and Capital. Review Keynes. Schumpeter, Joseph. Capitalism, Socialism and Democracy. Harper Perennial Modern Classics, 2008, pp. 81–163. ISBN: 9780061561610. MacKenzie, Donald. Chapters 1 and 9 in An Engine Not a Camera: How Financial Models Shape Markets. MIT Press, 2008. ISBN: 9780262633673. [Preview with Google Books] Akerlof, George A., and Robert J. Shiller. Preface and chapters 1–4, 6, and 7 in Animal Spirits: How Human Psychology Drives the Economy, and Why It Matters for Global Capitalism. Princeton University Press, 2010. ISBN: 9780691145921. Bernanke, Ben. “Reflections on a Year in Crisis.” Chairman of the Federal Reserve Bank. Jackson Hole Speech. August 21, 2009. Rajan, Raghuram. “Let Them Eat Credit.” In Fault Lines: How Hidden Fractures Still Threaten the World Economy. Princeton University Press, 2011. ISBN: 9780691152639. Recommended Lo, Andrew W. “Reading About the Financial Crisis: A Twenty-One Book Review.” Journal of Economic Literature 50, no. 1 (2012): 151–78.
12	Institutionalism	North, Douglas. Institutions, Institutional Change and Economic Performance. Cambridge University Press, 1990. ISBN: 9780521397346. [Preview with Google Books] Hall, Peter, and David Soskice. Varieties of Capitalism: The Institutional Foundations of Comparative Advantage. Oxford University Press, 2001, pp. 1–68. ISBN: 9780199247752.