General outline of Mercantilist theories

Jean Baptiste Colbert, Sir William Petty.

Physiocracy

Basic principles and policies, natural order, tableau economique.

Classical Political Economy

Adam Smith: division of labour, Theory of Value, Economic Development.

Reading List

·        Blaug, M.(1997). Economic Theory in retrospect. Cambridge University Press, Cambridge.

·        Da Costa,G.C. (1985). Production, Prices and Distribution. TMH,NewDelhi.

·        Dasgupta, A.K.L. (1985).Epochs of Economic Theory. Oxford University Press,New Delhi.

·        Gill, Richard (1972). Evolution of Modern Economics. Prentice Hall ofIndia.

·        Robert B. Ekelund, Jr. & Hebert, Robert F. (1990). A History of Economic Theory and Method. McGraw Hill Publications, New York.

·        Roll, Eric (1973). A History of Economic Thought. Faber, London.

·        Screpanti, E. & Zamagni, S. (2005).An Outline of the History of Economic Thought (Translated by David Field and Lynn Kirby). Oxford University Press.

·        Vohra, P. &Mehta,R. Encyclopedia of World Great Economists. Commonwealth.

Thoughts of Ricardo and Malthus

David Ricardo: Theory of value, Theory of Distribution, Doctrine of Rent, Views on International Trade, Theory of Economic Development and the Stationary State, Critique by Sraffa.

T.R. Malthus: Theory of Population and Theory of Gluts - Critics of Classicism.

Reading List

·        Brue, S. L. & Grant, R.R.(2013). The Evolution of Economic Thought. South-Western Cengage Learning, USA.

·        Hunt, E.K. (1990).History of Economic Thought. Wodsworth.

·        Morgan M. S. (1990). A History of Economic Ideas. Cambridge University Press. U.K.

·        Puttaswamaiah, K. (1995). Nobel Economists-Lives and Contributions. Indus Publications Co.,New Delhi.

Marxian and Marshallian Thoughts

Karl Marx: Materialistic Interpretation of history, Labour Theory of Value and Surplus Value.

Neo-Classical School: Marshall: Consumers’ Surplus, Tax bounty analysis, External Economies, Quasi-Rent, Role of time element in value.

Reading List

·        Roll, Eric (1973). A History of Economic Thought. Faber, London.

·        Screpanti, E. & Zamagni, S. (2005). An Outline of the History of Economic Thought (Translated by David Field and Lynn Kirby). Oxford University Press.

·        Seshadri, G.B. (1997). Economic Doctrines. B.R Publications, New Delhi.

·        Spiegel, H.W. (1971). The Growth of Economic Thought. N.C. Duke University, Durham.

The Neoclassical School - Monetary Economics: John Gustav Wickshell - Irving Fisher - George Hawtrey.

The Neo Classical School - Departure from Pure Competition: Piero Sraffa - Chamberlin - Joan Robinson.

Reading List

·        Brue, S. L. & Grant, R.R. (2013). The Evolution of Economic Thought. South-Western Cengage Learning, USA.

·        Dasgupta, A.K.L. (1985). Epochs of Economic Theory. Oxford University Press, New Delhi.

·        Gill, Richard (1972). Evolution of Modern Economics. Prentice Hall of India.

·        Morgan, M. S. (1990). A History of Economic Ideas. Cambridge University Press. U.K.

·        Seligman, B.B. (1962). Main Currents in Modern Economics. Quadrangle, Chicago.