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KINT 7585 - International History of Economic Policy

Type d'enseignement : Lecture alone

Semester : Autumn 2018-2019

Number of hours : 24

Language of tuition : English



Course Description

The course breaks with the standard historical approach to the analysis of economics and economic policy. This allows the course to achieve three aims: (1) make the discussion of economic ideas less abstract, setting them in the context of the real economic problems policy-makers had to face at the time; (2) highlight the interaction of political and economic considerations that policy-makers have to consider; and (3) show how much the relative importance of different economic problems has fluctuated over the decades. The course covers economic policy during four main periods: pre-WWI liberalism; the rise of non-market and anti-market policies in the 1920s, 1930s and during WWII; the post-war Keynesian and Communist stabilisations and their collapse; the new liberal "great moderation" and its collapse. It also covers five main complexes of policy problems which recur over the four historical periods: depression and secular stagnation, private and non-private property regimes, inflations and hyper-inflations, command and war economics, free trade and protectionism.


ROSTOWSKI, Jacek (Professeur)

Pedagogical format

Although the course is formally a lecture course, I intend it to be as "interactive" as possible, with students encouraged to ask questions, make comments and discuss what the lecturer has said. I may also ask some students to prepare brief reports on a topic which is important, but subsidiary, to the main line of the lectures.

Course validation

A 3,000-word essay, on a subject to be chosen by each student (50% of total mark); - A 2-hour take-home final exam (50% of total mark).

Required reading

  • Ben S. Bernanke, Essays on the Great Depression, Princeton University Press, 2000
  • Thomas J. Sargent, Rational Expectations and Inflation, Harper and Row, 1986
  • P.J.D. Wiles, The Political Economy of Communism, Harvard University Press, 1962