Course Description

This course will trace the evolution of economic thinking from the German Historical School to the formation of current schools of economics in the early 20th century, focusing on pivotal people and ideas that have had wide-spread subsequent impact on economic theory and on the world. The course will develop an insight into the evolution of economics and will provide an opportunity for better understanding of the nature of economic science. And this course has its starting point in the institutional approach of Thorstein Veblen, and this course will focus on the ideas of the Marginalist Revolution, Institutional Economics, and the Keynesian Revolution.