Professor Peter J.
Boettke
Assistants: Ms.
Anne Rathbone
Mr. Scott
Beaulier
AIPES 2002
Economics
Schedule
*required reading for all students
**additional reading required for graduate students
|
DATE & TIME |
TOPIC |
READING |
|
July
22 10:30-11:45am |
Introduction
to the Economic Way of Thinking |
* Frederic Bastiat,
“That Which is Seen and That Which is Unseen,” (1850). * Leonard Read, “I,
Pencil,” (1958). ** Robert Sugden, “Spontaneous
Order,” Journal of Economic Perspectives, 3 (Autumn 1989). |
|
July
22 2:30-3:45pm |
The
Price System and the Market Economy |
* F. A. Hayek, “The
Use of Knowledge in Society,” American Economic Review, 35 (September 1945). ** Israel M. Kirzner,
“Entrepreneurial Discovery and the Competitive Market Process,” Journal of
Economic Literature, 35 (March 1997). ** Vernon Smith, “Markets,
Institutions and Experiments,” in Encyclopedia of Cognitive Science
(2002). |
|
July
23 10:30-11:45am |
Property,
Prices and Profit and Loss |
* Henry Hazlitt,
“The ABC of the Market Economy,” reprinted in The Wisdom of Henry Hazlitt
(1993). ** Armen Alchian
and Harold Demsetz, “The Property Rights Paradigm,” Journal of Economic
History, 33 (March 1973). ** Armen Alchian,
“Uncertainty, Evolution and Economic Theory,” Journal of Political Economy,
58 (June 1950). |
|
July
24 10:30-11:45am |
The
Economic Problems of Socialism |
* Ludwig von
Mises, “The Impracticality of Socialism,” from Liberalism (1927). * Peter
Boettke, “Economic Calculation: The Austrian Contribution to Political
Economy,” reprinted in Calculation and Coordination (2001). ** Bruce Caldwell,
“Hayek and Socialism,” Journal of Economic Literature, 35 (December
1997). |
|
July
25 10:30-11:45am |
Coordination
Mechanism and Economic Performance |
* Janos Kornai., “The
Affinity Between Ownership Forms and Coordination Mechanisms,” Journal of
Economic Perspectives, 4 (Summer 1990). ** Ronald Coase, “The
Institutional Structure of Production,” American Economic Review, 82
(September 1992). ** Douglass North,
“Economic Performance Through Time,” American Economic Review, 84
(June 1994). |
|
July
26 10:45-12:00pm |
The
Economic Analysis of Politics |
* Ludwig
von Mises, “The Clash of Group Interests,” reprinted in Money, Method and
Market Process (1990). * Peter
Boettke, “Hayek’s The Road to Serfdom Revisited,” reprinted in Calculation
and Coordination (2001). * James M.
Buchanan, “The Constitution of Economic Policy,” American Economic Review,
77 (June 1987). ** Dennis Mueller,
“Public Choice: A Survey,” Journal of Economic Literature, 14 (June
1976). |
|
July
26 1:15-2:15pm |
The
Historical Record of Socialism |
* Peter Boettke,
“The Political Economy of Utopia,” reprinted in Calculation and
Coordination (2001). * Peter Boettke,
“Credibility, Commitment and Soviet Economic Reform,” reprinted in Calculation
and Coordination (2001). ** Gur Ofer, “Soviet
Economic Growth: 1928-1985,” Journal of Economic Literature, 25
(December 1987). |
|
July
29 9:00-10:15am |
The
Economics of the Transition |
* Peter Boettke,
“Introduction,” Calculation and
Coordination (2001). * Murray Rothbard,
“A Radical Prescription for the Socialist Bloc,” reprinted in Making
Economic Sense (1995). ** Katharina Pistor,
Martin Raiser, and Stanislav Gelfer, “Law and Finance in Transition
Economies,” European Bank for Reconstruction and Development, Working Paper
#48 (2000). ** Simon
Johnson, Daniel Kaufman and Andrei Shliefer, “The Unofficial Economy in
Transition,” Brookings Papers in Economic Activity (1997). ** Jeffrey Sachs
and Andrew Warner, “Economic Reform and the Process of Global Integration,” Brookings
Papers in Economic Activity (1995). |
|
July
29 10:30-11:45am |
The
Gradualist versus Shock Therapy Debate |
* Peter Murrell,
“The Transition According to Cambridge,” Journal of Economic Literature,
33 (March 1995). ** Kevin
Murphy, Andrei Shleifer and Robert Vishny, “The Transition to a Market
Economy: The Pitfalls of Partial Reform,” Quarterly Journal of Economics,
107 (August 1992). |
|
July
30 9:00-10:15am |
What
Have We Learned in 10+ Years of Transition? |
* Peter
Boettke, “The Russian Crisis: Perils and Propects for Post-Soviet
Transition,” reprinted in Calculation and Coordination (2001). *
Peter Boettke, “The Political Infrastructure of Economic Development,”
reprinted in Calculation and Coordination (2001). ** Joseph Stiglitz,
“Whither Reform?,” World Bank Conference Paper, 1999. ** Edward
Glaeser and Andrei Shleifer, “Legal Origins,” Quarterly Journal of
Economics, forthcoming. |
|
July
30 10:30-11:45am |
The
Problem of Underdeveloped Nations |
* Henry
Hazlitt, “Foreign Aid versus Foreign Investment,” (1970), reprinted in The
Wisdom of Henry Hazlitt (1993). * Jeffrey
Sachs, Andrew Mellinger, and John Gallup, “Geography and Poverty,” Scientific
America (March 2001). ** Daron Acemoglu,
Simon Johnson and James Robinson, “Reversal of Fortune: Geography and
Institutions in the Making of the Modern World Income Distribution,” Working
Paper MIT, 2001. ** Mancur Olson, “Big
Bills Lying on the Sidewalk,” Journal of Economic Perspectives, 10
(Spring 1996). |
|
July
31 9:00-10:15am |
The
Ethical Dimension in Political Economy |
*
Henry Hazlitt, “The Ethics of Capitalism,” from The Foundations of
Morality (1964). *
Henry Hazlitt, “The Ethics of Socialism,” from The Foundations of Morality
(1964). ** Albert Hirschman,
“Rival Interpretations of Market Society,” Journal of Economic Literature,
20 (December 1982). |
|
July
31 10:30-11:45am |
The
Political Economy of a Free People |
* Murray Rothbard, “The
Anatomy of the State,” (1965). ** James M.
Buchanan, “Contractarian Political Economy and Constitutional
Interpretation,” American Economic Review (1988). |
|
July
31 2:30-3:30pm |
REVIEW
FOR EXAM |
|
|
August
1 9:30-11:00am |
ECONOMICS
EXAM |
|