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LUBS2040
Module Reading List

Theories of Growth, Value and Distribution, 2021/22, Semester 1
Karsten Kohler
k.kohler@leeds.ac.uk
Tutor information is taken from the Module Catalogue

There is no single textbook for the module. I intend to draw on a selection of readings throughout the modules, and will distribute some material where appropriate. Both university libraries contain multiple copies of most of the references listed below. The Brotherton library has a large collection of books on the subject of the history of economic thought (the relevant classification is A-0.1) and I would strongly encourage you to read beyond the reading list. Note that earlier editions of the book by W.J. Barber which is listed below can be purchased cheaply on Amazon.

Useful sources on the Internet

The web based sources listed below offer valuable information. 

a. The Institute for New Economic Thinking supports a very good website devoted to the history of economic thought. Here is a website supported by the Institute where you will find links to several useful resources. 

b. The History of Economics Society provides a portal to resources of various types, which might offer background and more advanced readings. Click here.

c. There are a few useful journals on the history of economic thought that you can consult to explore specific topics. Access them through the University library catalogue (whilst logged in): European Journal of the History of Economic Thought, Journal of the History of Economic Thought, History of Economic Ideas. Other more general journals occasionally publish on this topic. Many of these can be accessed via this website. Look at these if you want to explore more advanced topics.

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Lecture Titles and Reading

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Before the first lecture: Module Introduction

If last year you took LUBS1620 Schools of Thought in Economics, please go back over that material. Pay particular attention to lectures 1 and 2 on pluralism, which offers some insight on the history of thought and also lectures 7 and 8 on Marxian economics. The Lavoie diagram of the history of macroeconomics ought to help you as well.

If you did not take LUBS1620 (and even if you did), please have a look at the videos by Robert Skidelsky, a leading historian of economic thought, available via the INET: https://www.ineteconomics.org/perspectives/videos/how-and-how-not-to-do-economics. Each one is about 20 minutes long. All the lectures are potentially relevant and interesting, but of particular use will be lectures 3-5 and 8. You might start with lecture 9 on the history of economic thought.

There is no set text for this module. Each week we recommend a set of background readings from relevant texts in the history of economic thought. There is no expectation that you will read all of these. Do try to read one of them per week. When you want to look further into a topic, consult one or two of the others, then look to more recent journal articles (see above). 

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1. Adam Smith I: Approach to Value

Barber, W.J. (2009), A history of economic thought, Wesleyan University Press, [older editions will suffice], chapter 1   

Deane, P. (1978) The evolution of economic ideas, Cambridge: CUP, chapter 2.

Ekelund, R and Hébert R. (2007) A History of Economic Theory and Method, Waveland Press 5th edition, chapter 5, pp.108-114.

Foley, D. (2006) Adam's Fallacy. A Guide to Economic Theology, Harvard University Press, chap. 1

Heilbroner, R (2000) The Worldly Philosophers: the lives, times, and ideas of the great economic thinkers, London: Penguin, 7th edition (or earlier editions), chapter 3.

Landreth H. and Colander D. (2002) History of economic thought, 4th edition, Boston: Houghton Mifflin, chapter 4.

Screpanti E. and Zamagni S. (2005) An outline of the history of economic thought, 2nd edition, Oxford: Oxford University Press, chapter 2.2.

Tsoulfidis, L. (2010) Competing Schools of Economic Thought, Springer, chap. 3

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2. Adam Smith II: Ideas on Growth and Distribution

Barber, W.J. (2009), A history of economic thought , Wesleyan University Press, [older Penguin editions will suffice], chapter 1

Ekelund, R and Hébert R. (2007) A History of Economic Theory and Method, Waveland Press 5th edition, chapter 5, pp.114-122.

Foley, D. (2006) Adam's Fallacy. A Guide to Economic Theology, Harvard University Press, chap. 1

Heilbroner, R (2000) The Worldly Philosophers: the lives, times, and ideas of the great economic thinkers, London: Penguin, 7th edition (or earlier editions), chapter 3.

Landreth H. and Colander D. (2002) History of economic thought, 3rd edition, Boston: Houghton Mifflin, chapter 4.

Screpanti E. and Zamagni S. (2005) An outline of the history of economic thought, 2nd edition, Oxford: Oxford University Press, chapter 2.2.

Tsoulfidis, L. (2010) Competing Schools of Economic Thought, Springer, chap. 3

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3. Thomas Malthus: The Population Mechanism and Growth

Barber, W.J. (2009), A history of economic thought Wesleyan University Press, [older Penguin editions will suffice], chapter 2.  

Ekelund, R and Hébert R. (2007) A History of Economic Theory and Method, Waveland Press 5th edition, chapter 6, pp.131-135, pp.152-155.

Foley, D. (2006) Adam's Fallacy. A Guide to Economic Theology, Harvard University Press, chap. 2

Heilbroner, R (2000) The Worldly Philosophers: the lives, times, and ideas of the great economic thinkers, London: Penguin, 7th edition (or earlier editions), chapter 4.

Landreth H. and Colander D. (2002) History of economic thought, 4th edition, Boston: Houghton Mifflin, chapter 6, pp.109-113, pp.143-152.

Screpanti E. and Zamagni S. (2005) An outline of the history of economic thought, 2nd edition, Oxford: Oxford University Press, chapter 3.1.

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4. David Ricardo I: Approach to Value

Barber, W.J. (2009), A history of economic thought, Wesleyan University Press, [older Penguin editions will suffice], chapter 3.  

Deane, P. (1978) The evolution of economic ideas, Cambridge: CUP, chapter 5

Ekelund, R and Hébert R. (2007) A History of Economic Theory and Method, Waveland Press 5th edition, chapter 6, pp.146-148.

Foley, D. (2006) Adam's Fallacy. A Guide to Economic Theology, Harvard University Press, chap. 2

Heilbroner, R (2000) The Worldly Philosophers: the lives, times, and ideas of the great economic thinkers, London: Penguin, 7th edition (or earlier editions), chapter 4.

Howard M.C. and King J.E (1985), The Political Economy of Marx, 2nd (or 1st) Editions, New York, NYUP, chapter 5, pp.75-78.

Landreth H. and Colander D. (2002) History of Economic Thought, 4th edition, Boston: Houghton Mifflin, chapter 5, pp.126-132.

Screpanti E. and Zamagni S. (2005) An outline of the history of economic thought, 2nd edition, Oxford: Oxford University Press, chapter 3.1.

Tsoulfidis, L. (2010) Competing Schools of Economic Thought, Springer, chap. 4

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5. David Ricardo II: Ideas on Growth and Distribution

Barber, W.J. (2009), A history of economic thought, Wesleyan University Press, [older Penguin editions will suffice], chapter 3.  

Deane, P. (1978) The Evolution of Economic Ideas, Cambridge: CUP, chapter 5

Ekelund, R and Hébert R. (2007) A History of Economic Theory and Method, Waveland Press 5th edition, chapter 6, pp.143-146, pp.161-163.

Foley, D. (2006) Adam's Fallacy. A Guide to Economic Theology, Harvard University Press, chap. 2

Heilbroner, R (2000) The Worldly Philosophers: the lives, times, and ideas of the great economic thinkers, London: Penguin, 7th edition (or earlier editions), chapter 4.

Howard M.C. and King J.E (1985), The Political Economy of Marx, 2nd (or 1st) Editions, New York, NYUP, chapter 5, pp.80-85.

Landreth H. and Colander D. (2002) History of Economic Thought, 4th edition, Boston: Houghton Mifflin, chapter 5, pp.113-126, pp.133-137.

Screpanti E. and Zamagni S. (2005) An outline of the history of economic thought, 2nd edition, Oxford: Oxford University Press, chapter 3.1.

Tsoulfidis, L. (2010) Competing Schools of Economic Thought, Springer, chap. 4

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6. Consolidation week

Catch up on the reading above and review the module material. Start gathering together materials for the exam.

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7. Karl Marx I: Approach to Value

Barber, W.J. (2009), A history of economic thought, Wesleyan University Press, [older Penguin editions will suffice], chapter 5.  

Deane, P. (1978) The Evolution of Economic Ideas, Cambridge: CUP, chapter 9

Landreth H. and Colander D. (2002) History of Economic Thought, 4th edition, Boston: Houghton Mifflin, chapter 7, pp.187-202.

Fine, B. and Saad-Filho A. (2003), Marx’s ‘Capital’, 4th edition (or earlier editions, written by B. Fine), Pluto Press: London, chapters 2 and 3.

Foley, D. (2006) Adam's Fallacy. A Guide to Economic Theology, Harvard University Press, chap. 3

Heilbroner, R (2000) The Worldly Philosophers: the lives, times, and ideas of the great economic thinkers, London: Penguin, 7th edition (or earlier editions), chapter 6.

Howard M.C. and King J.E (1985), The Political Economy of Marx, 2nd (or 1st) Editions, New York, NYUP, chapter 4.

Screpanti E. and Zamagni S. (2005) An outline of the history of economic thought, 2nd edition, Oxford: Oxford University Press, chapter 4.3.

Tsoulfidis, L. (2010) Competing Schools of Economic Thought, Springer, chap. 5

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8. Karl Marx II: Ideas on Growth and Distribution

Barber, W.J. (2009), A history of economic thought , Wesleyan University Press, [older Penguin editions will suffice], chapter 5.  

Landreth H. and Colander D. (2002) History of Economic Thought, 4th edition, Boston: Houghton Mifflin, chapter 7, pp.202-214.

Fine, B. and Saad-Filho A. (2003), Marx's Capital, 4th edition (or earlier editions, written by B. Fine), Pluto Press: London, chapters 4, 7 and 9.

Foley, D. (2006) Adam's Fallacy. A Guide to Economic Theology, Harvard University Press, chap. 3

Heilbroner, R (2000) The Worldly Philosophers: the lives, times, and ideas of the great economic thinkers, London: Penguin, 7th edition (or earlier editions), chapter 6.

Screpanti E. and Zamagni S. (2005) An outline of the history of economic thought, 2nd edition, Oxford: Oxford University Press, chapter 4.3.

Tsoulfidis, L. (2010) Competing Schools of Economic Thought, Springer, chap. 5

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9. The Marginalist Revolution: Overview and Implications

Barber, W.J. (2009), A history of economic thought , Wesleyan University Press, [older Penguin editions will suffice], pp.163-167, (and chapter 6).  

Deane, P. (1978) The evolution of economic ideas, Cambridge: CUP, chapter 7

Foley, D. (2006) Adam's Fallacy. A Guide to Economic Theology, Harvard University Press, chap. 4

Landreth H. and Colander D. (2002) History of Economic Thought, 4th edition, Boston: Houghton Mifflin, chapters 8 & 9.

Screpanti E. and Zamagni S. (2005) An outline of the history of economic thought, 2nd edition, Oxford: Oxford University Press, chapter 5.1.

Tsoulfidis, L. (2010) Competing Schools of Economic Thought, Springer, chap. 7

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10. John Maynard Keynes: The Inception of Modern Macroeconomics

Foley, D. (2006) Adam's Fallacy. A Guide to Economic Theology, Harvard University Press, chap. 5

Screpanti E. and Zamagni S. (2005) An outline of the history of economic thought, 2nd edition, Oxford: Oxford University Press, chapter 7.2.

Tsoulfidis, L. (2010) Competing Schools of Economic Thought, Springer, chap. 10

Other material will be distributed throughout the module.

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11. Overview and revision, exam preparation.

A summary of key elements of module, drawing on some of the readings given above.

This list was last updated on 19/09/2021