Understanding the development of contemporary economics through major controversies : syllabus, lecture summaries and reflections

Beatrice's avatarThe Undercover Historian

This Spring I taught a history of recent economics course to undergraduate students majoring in mathematics and economics. The syllabus is here. I have reproduced the reading list with some links to papers and twitter summaries of my lectures below. Here are also a few comments on what I wanted to do with this type of course, what worked and what did not. Comments and suggestions to improve the course and set up new debates are much welcomed.

Course narrative and organization 

Though the course is tailored to a specific audience, I believe how the general narrative is conveyed through re-enacting landmark controversies in the history of economics can  appeal to many types of students. My goal was to highlight several characteristics of economics as a discipline:

(1) a contested science: economics is often perceived as contested from the inside (economists constantly arguing with each other)  as well as…

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Edward Prescott on Japan’s Lost Decade and the end of the 6-day working week

From https://www.minneapolisfed.org/research/qr/qr2312.pdf

Jeremy Greenwood is writing up his engines of liberation writings as a book

From https://penntoday.upenn.edu/news/how-appliance-boom-moved-more-women-workforce

Why do progressives hate progress? | Steven Pinker

Accurate list

Crack Downs on Anti-Vaccine Information Are a Mistake

gjihad's avatarGreen Jihad

Digital Trends reports that Google, Facebook, and Twitter are attempting to crack down on misinformation on vaccines and other claims about cancer cures, weight loss, etc. In my view, this is a mistake.

I realize there is a propensity to seek to stop or prevent what is viewed as disinformation. However, restricting or outright prohibiting such information or speech can actually backfire. The voices silenced by such policies can make them actually stronger by allowing the transmitters of such speech to make the case to their followers that they are being targeted as part of the conspiracy they claim is occurring. This, in turn, wins over or even converts people who may or may not have sympathized with people, such as Alex Jones of Infowars or Mike Adams of Natural News, to support them because they will be perceived as victims.

The answer to misinformation is more speech because, in…

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The Wire – Stringer Orders Slim Charles To Hit Somebody

Slogans like these di not win support for @greenpeace’s cause

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3 People Who Probably Saved Your Life

Predictive failures should have consequences

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A small minority are active Christians

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John Mellencamp – Small Town

Omet’iklan Threatens Sisko

Alan Walters predicted this in the 1960s

THE SUCCESS OF THE FED AND THE DEATH OF MONETARISM. By: KISHOR, N. KUNDAN, KOCHIN, LEVIS A., Economic Inquiry, Jan2007, Vol. 45, Issue 1

Alpine Madness: Austria Takes The Caretaker Convention to the Extreme

J.W.J. Bowden's avatarJames Bowden's Blog

Chancellor Kurz addresses the Austrian National Council just before losing its confidence.

Introduction

A series of strange events has recently befallen Austria. It began with political scandal and the collapse of the coalition government between Sebastian Kurz’s People’s Party and Heinz-Christian Strache’s Freedom Party and ended a few weeks later with the President of Austria appointing a “technocratic provisional government” composed of judges and civil servants, who will now steer the ship of state as a caretaker cabinet until early elections in September. The details of what precipitated the coalition government’s collapse would have seemed outlandish prior to, say, 2016, but now seem both depressingly believable and yet still absurd. The final outcome of the political scandal has taken the caretaker convention to its logical extreme because of the peculiarities of Austria’s constitution and its provisions surrounding non-confidence, early dissolution, and government formation.

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