ECON
7540
ADVANCED
HISTORY OF THOUGHT:
THE
ECONOMICS OF J.M. KEYNES
Professor
F. Baragar
2009-2010
Regular Session
Term 2
COURSE
OUTLINE
Section
A01
Mondays:
1:30pm - 4:20pm
Room
216 Tier
Text: Keynes, John Maynard, Essays
in Persuasion. Houndsmills, UK and New York: Palgrave Macmillan.
Keynes, John Maynard, The General Theory of Employment, Interest
and Money. Houndsmills, UK and New York:
Palgrave Macmillan, 2007.
Supplementary:
Backhouse,
Roger E. and Bradley W. Bateman, "Keynes, John Maynard (new perspectives)," in Steven N. Durlauf and Lawrence E.
Blume, eds., The New Palgrave Dictionary
of Economics, Second Edition, 2008 Available at http://dictionary of
economics.com>.
Moggridge,
D.E., Keynes. London and Basingstoke:
Macmillan, 1976.
Patinkin, Don, "Keynes, John
Maynard (1883-1946)," in Steven N. Durlauf and Lawrence
E. Blume, eds., The New Palgrave
Dictionary of Economics, Second Edition,
2008 Available at <http://dictionary of economics.com>.
Other Sources:
The definitive biography of Keynes
is the 3 volume set by Robert Skidelsky:
John Maynard Keynes, vol.1: Hopes Betrayed, 1883-1920. London:
Macmillan 1983.
John Maynard Keynes, vol. 2: The Economist as Saviour, 1920-1937.
London, Macmillan, 1992.
John Maynard Keynes, vol.3: Fighting for Britain, 1937-1946.
London, Macmillan, 2000.
A single volume condensed version of
the Skidelsky trilogy is available:
John Maynard Keynes: 1883-1946: Economist, Philosopher, Statesman.
London: Macmillan 2003.
Also good is D.E. Moggridge's
biography:
Maynard Keynes: An Economist's Biography. London: Routledge, 1992.
Course Requirements:
Essay 45%
Essay
Presentation
5%
Final
Exam 50%
The final exam will be held during
the university's final examination period, which extends from April 12 to April
28, 2010. The exam will be of 3 hours duration.
Essay topics will be available
next week. Essays are due April 7, 2010. Late essays will not be accepted
except for documented medical and/or compassionate reasons.
Students will be asked to
present their essay to the class during the last seminar of the term (April 7,
2010). Presentations should be about 20 minutes in length so as to allow time
for subsequent discussion about the paper. Essays must be typed. The body of
the text, excluding footnotes and references, must not exceed 4000 words. Essays
must be carefully checked to eliminate spelling, grammatical and typographical
errors. All quotations must be clearly identified, and all statements based on
secondary sources must be vouched for by a reference to that source. It is
recommended that students keep an extra copy of their final draft for their own
files.
Students
should acquaint themselves with the university's policy on plagiarism and
cheating (see p.22 of the university's 2009/2010
Graduate Calendar. Note also the University's statement regarding the
penalties for academic dishonesty, a copy of which is appended to this outline.
No
evaluative feedback will be provided by the voluntary withdrawal date, which is
March 19, 2010. However, if students submit a draft of
their essay to me on or before March 15, 2010, I will review it and provide
some comments on the essay, and then return the draft to the student.
Students
appealing any term work, whether it be an informal or formal appeal, must make
the appeal within 10 working days of receiving their mark.
Term
work (essays) will be returned to students after the work has been graded and
the grades recorded. Term work that is unclaimed will be held by the instructor
for four months following the end of the term (Note: The final day of the
University's Final Examination period is considered the last day of the term).
After that date, unclaimed term work will become the property of the Faculty of
Arts and will be subject to confidential destruction.
Students
should acquaint themselves with the University's policy on plagiarism and
cheating and examination impersonation (see page 29 in the University of
Manitoba's 2009/2010 Undergraduate Calendar). Note also the University's
statement regarding the penalties for academic dishonesty, a copy of which is
appended to this outline.
Grade Conversion:
Numerical
grades will be converted to letter grades according to the following scale:
A+ 92-100 C+ 61-68.5
A 85-91.5 C 54-60.5
B+ 77-84.5 D 48-53.5
B 69-76.5 F below 48
Note:
All final grades are subject to departmental approval.
Seminar Schedule
January 11 1.
Introduction
January 18 NO
CLASS
January 25 The Economic Consequences of the Peace
Readings: Keynes, J.M., Essays
in Persuasion, Part 1.
February 1 Keynes
and Economic Policy pre-General Theory
Readings: Keynes, J. M., Essays in Persuasion, Parts 2 and 3.
February 8 Towards
the General Theory: Origins and Development
Readings: Keynes, J. M., A
Treatise on Money 2 volumes (1930). Selected excerpts.
Moggridge:
D.E., Keynes, Ch. 4 and 5.
Laidler,
David, Fabricating the Keynesian
Revolution: Studies of the Inter-war Literature on Money, the
Cycle and Unemployment. Cambridge, New York
and Melbourne: Cambridge University Press, 1999. Ch 6.
February 15 MID-TERM
BREAK
February 22 The General Theory I
Readings: Keynes, J.M., The
General Theory, Books I and II.
March 1 The General Theory II
Readings: The General Theory,
Book III and Book IV, Chapters 11 and 12.
March 8 The General Theory III
Readings:
The General Theory, Book IV, Chapters 13-18.
March 15 The General Theory IV
Readings: The
General Theory, Books V and VI.
March 22 The General Theory: Defence and Beyond
Readings; Keynes, J. M., "Alternative
Theories of the Rate of Interest," "The Theory
of the Rate of Interest," "The General Theory of Employment" and
other
selections from The General Theory and
After Part II: Defence and Development,
vol.XIV of the Collected Writings of John Maynard Keynes, Donald
Moggridge, ed.. Macmillan and Cambridge University Press, 1973.
March 29 The
War and Bretton Woods
Readings: TBA
April 7 Student
Presentations