COURSE DESCRIPTION
Welcome! This class examines the ups and downs of what we call capitalism while examining how the world has traded for centuries. Our readings will consider contradictory approaches to capitalism including dependency theory, Marxism, post-Marxism, Austrian economics, Keynesian economics, neoclassical economics, and the new institutionalists. These generally unfamiliar terms should seem familiar to us by the end of the semester. My own approach.is self-consciously eclectic. You may feel more strongly about a particular tradition; I hope we can approach the class open to these controversies.
SUMMARY OF COURSE CONTENT
The first week of class will be about theories, the rest of the class will move by period from the ancient world to modern times.
Required Course Materials
The first book by Niall Kishtainy introduces some of the most famous economic theories, partly through biographies of the thinkers most associated with them. The chapters are available here on electronic reserve at Frohring.
My book, Oceans of Grain, will be available on electronic reserve on Moodle, is an economic history of the world economy that focuses on the long-term competition between the US and Russia to feed Europe (1780-1924). Because charging you for my own book seems crass and sketchy, I will bring copies with me to pass out on the first day of class.
The last week of class we will read a chapter or so of important works on capitalism in the twentieth and twenty-first century. These will be posted as links on Moodle.
Course Outline
Please read these sections by the day listed:
Week One: Theories of Capitalism, Medieval Origins, Slavery, Colonialism, Drugs
· May 20 no readings
· May 21 visit Villa Farnesina
· May 22 visit Museo/Mostra Leonardo da Vinci - Il Genio le Invenzioni
· May 23 write a 2 paragraph account of what each place suggests about capitalism in Italy
Week Two: From the Age of Empires to the Age of Free Trade
· May 27 Nelson, intro and ch1
· May 28 Nelson, ch.2
· May 29 Nelson, ch.3
· May 30 Nelson ch.4 & 5
Week Three: Capitalism & Slavery to the Surveillance State
· Jun 3 Nelson ch. 6
· Jun 4 Nelson ch. 7
· Jun 5 Nelson ch. 8
· Jun 6 Nelson ch. 9
Week Four: World Wars, Marshall Plan, Green Revolution, Oil Shocks
· Jun 10
· Jun 11 Nelson conclusion
· Jun 12 Exam 2
· Jun 13 Timothy Mitchell, “Carbon Democracy”
Week Five: Fall of Soviet Union, Globalization, Gig Economy
· Jun 17 Yegor Gaidar, “The Political Economy of External Shocks” in Collapse of an Empire
· Jun 18 Marc Levinson, “Container Shipping & the Decline of New York, 1955-1975”
· Jun 19 William Gibson, “New Rose Hotel” in Burning Chrome
· Jun 20 Exam 3