Philosophy/Economics 524

Philosophy of Economics

Spring, 2012

Dan Hausman

Syllabus

Paper Check List

Term Paper Topics

Discussion questions: 1/23, Backhouse, ch. 2-3, Backhouse, ch. 4-5, Rationality, Consumer Choice, Production, Introduction, Hume, Popper, Friedman, Mill, BK-6,7-Romer,Samuelson, Blinder, ISLM, NewClassicalMacro, deLong, Krugman, ideology, Rabin, Hoover on Microfoundations, Vernon Smith,Fehr-Gachter, Buchanan & Vanberg, Normative Economics 1, Hausman&McPherson

Bibliography from Economic Analysis and Moral Philosophy

Bibliography from The Inexact and Separate Science of Economics

Revised Schedule: March 20-April 10

Tuesday, March 20: Keynesian Macro-economics

  • Paul Samuelson, Economics, pp. 220-223; 228-232; 234-246
  • Alan Blinder, “Keynesian Economics”

Thursday, March 22: Keynesian Macro-economics: IS-LM Term papers due

  • Paul Krugman “IS-LMentary”
  • David Roemer, “The IS-MP Model”

Tuesday, March 27: The New-classical Critique of Keynesian Macroeconomics

  • Robert Lucas and Thomas Sergent, "After Keynesian Macroeconomics" CR
  • Kevin Hoover, "New Classical Macroeconomics" CR

Wednesday, March 28: Dinner Meeting

  • Gary Gorton, “Questions and Answers about the Financial Crisis”
  • Movie: “Inside Job”

Thursday, March 29. No class

Tuesday, April 10: Understanding the “Lesser Depression”

  • Brad deLong, “Understanding the Lesser Depression”