Sophomore Economics Tutorial: Economic Thought in Practice in the 20th Century
CSS 220
Spring 2022
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01
02
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This tutorial begins with the debate over markets versus planning as the appropriate mechanism for organizing an economic system, and continues with a consideration of the macroeconomic debate over government activism in the mixed market system. The next three weeks take up, in turn, three important developments in modern-day market capitalism, namely, market power, globalization, and inequality. The final three weeks are devoted to the future of capitalism and a study of its possible variants, including shared capitalism and workplace democracy. Readings include work by Friedrich Hayek, Janos Kornai, Oskar Lange, John Maynard Keynes, Milton Friedman, Thomas Phillippon, Binyamin Appelbaum, Joseph Stiglitz, Jagdish Bhagwati, Branko Milanovic, Heather Boushey, Robert Reich, Gregory Dow, Joseph Blasi, Douglas Kruse, and Jaroslav Vanek. |
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| Credit: 1.5 |
Gen Ed Area Dept:
SBS ECON |
| Course Format: Discussion | Grading Mode: Credit/Unsatisfactory |
| Level: UGRD |
Prerequisites: None |
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Fulfills a Requirement for: (CSS) |
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Past Enrollment Probability: Not Available |
| SECTION 01 - 2nd Trimester |
Major Readings: Wesleyan RJ Julia Bookstore
Required Texts (available for purchase at R.J. Julia on Main Street):
Binyamin Appelbaum, THE ECONOMISTS¿ HOUR: FALSE PROPHETS, FREE MARKETS, AND THE FRACTURE OF SOCIETy, Little , Brown and Company (New York, NY) 2019 ISBN: 978-0-316-51232-9 LCCN:2019933753
Jagdish Bhagwati, IN DEFENSE OF GLOBALIZATION, Oxford University Press (New York, NY) 2007 ISBN-13: 978-0-226-73479-8 (pbk.)
Joseph R. Blasi, Richard B. Freeman and Douglas L. Kruse, THE CITIZEN¿S SHARE: REDUCING INEQUALITY IN THE 21ST CENTURY, Yale University Press (New Haven CT) 2014 ISBN: 978-0-300-20933-4 (pbk.)
Heather Boushey, UNBOUND: HOW INEQUALITY CONSTRICTS OUR ECONOMY AND WHAT WE CAN DO ABOUT IT, Harvard University Press (Cambridge MA) 2019 ISBN: 9780674919310
Milton Friedman, CAPITALISM AND FREEDOM, The University of Chicago Press (Chicago IL) 2020 ISBN: 978-0-300-20933-4 (pbk.)
Janos Kornai, THE ROAD TO A FREE ECONOMY: SHIFTING FROM A SOCIALIST SYSTEM ¿ THE EXAMPLE OF HUNGARY, W.W. Norton & Company (New York NY) 1990 ISBN: 0-393¿30691¿7 (pbk)
Branko Milanovic, THE HAVES AND THE HAVE-NOTS, Basic Books (New York, NY) 2011 ISBN: 978-0-465-01974-8 (pbk.)
Branko Milanovic, GLOBAL INEQUALITY: A NEW APPROACH FOR THE AGE OF GLOBALIZATION, The Belknap Press of Harvard University Press (Cambridge MA) 2016 ISBN: 9780674984035 (pbk.) LCCN: 2015043601
Branko Milanovic, CAPITALISM, ALONE: THE FUTURE OF THE SYSTEM THAT RULES THE WORLD, The Belknap Press of Harvard University Press (Cambridge MA) 2019 ISBN: 978-0-674-98759-3
Thomas Philippon, THE GREAT REVERSAL: HOW AMERICA GAVE UP ON FREE MARKETS, The Belknap Press of Harvard University Press (Cambridge MA) 2019 ISBN: 9780674237544 LCCN: 2019018624
Robert B. Reich, SAVING CAPITALISM: FOR THE MANY NOT THE FEW, Vintage Books (New York, NY) 2016 ISBN: 978-0-345-80622-2 (pbk.)
Joseph E. Stiglitz, GLOBALIZATION AND ITS DISCONTENTS REVISITED: ANTI-GLOBALIZATION IN THE ERA OF TRUMP, W.W. Norton and Company (New York, NY) 2018 ISBN: 978-0-393-35516-1 (pbk.)
Recommended Readings (not required to purchase ¿ see below):
F.A. Hayek, THE ROAD TO SERFDOM: TEXT AND DOCUMENTS ¿ THE DEFINITIVE EDITION, (ed. Bruce Caldwell) The University of Chicago Press (Chicago IL) 2007 ISBN: 978-0-226-32055-7 (pbk.)
John Maynard Keynes, THE GENERAL THEORY OF EMPLOYMENT, INTEREST, AND MONEY. Harcourt, Brace & World, Inc. (New York, NY) 1964
Other Readings: Readings from sources other than the above list of required texts will be provided on Moodle.
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Examinations and Assignments:
: Weekly papers due at the beginning of each class meeting |
Additional Requirements and/or Comments:
: Course open to CSS Sophomores only. |
| Instructor(s): Bonin,John P. Times: .....F. 02:00PM-04:00PM; Location: 330HIGH105; |
Permission of Instructor Required
Enrollment capacity: 10 | Permission of instructor will be granted during the drop/add period. Students must submit either a ranked or unranked drop/add request for this course. |
| Drop/Add Enrollment Requests | | | | | |
| Total Submitted Requests: 0 | 1st Ranked: 0 | 2nd Ranked: 0 | 3rd Ranked: 0 | 4th Ranked: 0 | Unranked: 0 |
| SECTION 02 - 3rd Trimester |
Major Readings: Wesleyan RJ Julia Bookstore
Same as Section 01 Above |
| Examinations and Assignments: Same as Section 01 Above |
| Additional Requirements and/or Comments: Same as Section 01 Above |
| Instructor(s): Bonin,John P. Times: .....F. 02:00PM-04:00PM; Location: 330HIGH105; |
Permission of Instructor Required
Enrollment capacity: 10 | Permission of instructor will be granted during the drop/add period. Students must submit either a ranked or unranked drop/add request for this course. |
| Drop/Add Enrollment Requests | | | | | |
| Total Submitted Requests: 0 | 1st Ranked: 0 | 2nd Ranked: 0 | 3rd Ranked: 0 | 4th Ranked: 0 | Unranked: 0 |
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