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PHIL 362 History and Philosophy of Economics from Aristotle to Adam Smith

The development of economic thought from Aristotle to Adam Smith, focusing primarily on the conceptual foundations of economics, particularly the problems of value, distribution, and economic growth.

This course is eligible for Credit/D/Fail grading. To determine whether you can take this course for Credit/D/Fail grading, visit the Credit/D/Fail website. You must register in the course before you can select the Credit/D/Fail grading option.

Credits: 3

Equivalents: ECON 318


Status Section Activity Term Interval Days Start Time End Time Comments
PHIL 362 001Web-Oriented Course1 Tue Thu15:3017:00

This course is cross-listed with ECON 318 001. Students can register in either section. We will trace the development of economic thought from Aristotle to Malthus, also reading brief excerpts from the work of Aquinas, Mun, Locke, and Quesnay. We will read, in more depth, the writings of David Hume and Adam Smith, and acquire a broader context from Albert O. Hirschman's account of the philosophical justification for capitalism. Our focus will be on the conceptual foundations of economics, particularly the problems of value, distribution, and economic growth, as well as the ethical dimensions of commerce.

A note on course delivery from Dr. Schabas: I will record each lecture and also post the lecture notes on Canvas. I will lecture for about an hour in synchronous time, Tuesday and Thursday from 3:30 - 4:30. There will be a 5-minute break, and I will then lead discussion sections for the remaining 15 minutes, starting in the second week. Some weeks, as noted, do not have discussion meet-ups, and, in that case, I will lecture for the full 80 minutes. The class will be broken into four groups, and students are to attend their assigned discussion group. Two of these groups will be held in non-synchronous blocks of time to accommodate students in other time zones -- most likely on Friday or the following Monday. The midterm test and final exam will be issued as take-homes with a 24-hour windo and ~

w to complete.