Political Economy 101: Schedule and Readings

Political Economy 101: "Modern" Political Economy

http://delong.typepad.com/pe101/

J. Bradford DeLong, 601 Evans, 925-708-0467, delong@econ.berkeley.edu, office hours T 12:30-2:30 and by appointment.

TTh 11-12:30 Hearst Annex A1

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August 28: Overview of the Course

Readings: "Notes: Political Economy at Berkeley Overview"

Assignments: Web assignment 0: introductions due by noon on August 29

August 30 and September 4: The World in 1900: Colonization, Democratization, Marketization, Industrialization"

Readings:

• "Notes: The World in 1900" http://delong.typepad.com/pe101/2007/09/political-econo.html.
• John Hobson, "Imperialism" http://www.econlib.org/library/YPDBooks/Hobson/hbsnImptoc.html.
• Joseph Schumpeter, "Imperialism" http://www.mises.org/books/imperialism.pdf.
• George Orwell, "Shooting an Elephant" http://gutenberg.net.au/ebooks02/0200141.txt.
• Friedrich Hayek, “The Use of Knowledge in Society” http://www.econlib.org/library/Essays/hykKnw1.html.
• Karl Marx and Friedrich Engels, "Manifesto of the Communist Party" http://www.marxists.org/archive/marx/works/1848/communist-manifesto/index.htm.

Assignments: Web assignment 1: Hobson vs. Schumpeter due by 5 PM on September 7

September 6: NO CLASS

September 11 and 13: World War I

Readings:

• "Notes: The Strange Death of the Classical Liberal World."
• Norman Angell, "Peace Theories and the Balkan War" http://www.gutenberg.org/files/11895/11895-8.txt.
• John Maynard Keynes, "The Economic Consequences of the Peace" http://socserv2.socsci.mcmaster.ca/~econ/ugcm/3ll3/keynes/peace

Assignments: Web assignment 2: why was Norman Angell wrong? due by 11 AM on September 13

September 18 and 20: The Interwar Crisis

Readings:

• "Notes: Failing to Rebuild the Classical Liberal World."
• John Maynard Keynes, The End of Laissez-Faire http://www.panarchy.org/keynes/laissezfaire.1926.html.
• John Maynard Keynes, Essays in Persuasion (New York: W.W. Norton: 0393001903).
• Barry Eichengreen, “Hegemonic Stability Theories of the International Monetary System” http://www.nber.org/papers/W2193

*Assignments: Web assignment 3: John Maynard Keynes's mission due by 11 AM on September 18

September 25 and 27: Trapped between Hitler, Stalin, Mao, and Tojo

Readings:

• "Notes: World War II."
• George Orwell, "The Road to Wigan Pier" http://gutenberg.net.au/ebooks02/0200391.txt.
• George Orwell, "Homage to Catalonia" http://gutenberg.net.au/ebooks02/0201111.txt.
• John Maynard Keynes, "Trotsky on England" http://www.marxists.org/history/etol/document/comments/keynes01.htm

Assignments: Web assignment 4: George Orwell's dilemmas due by 11 AM on September 25

October 2 and 4: The Post-WWII Order: Social Democracy and Bretton Woods

Readings:

• "Notes: Building Social Democracy."
• Karl Polanyi, The Great Transformation (Boston: Beacon Press: 080705643X).
• Robert Bates, "Lessons from History" [THIS LINK IS WRONG] http://links.jstor.org/sici?sici=0002-8282%28199305%2983%3A2%3C409%3AWIRSCT%3E2.0.CO%3B2-G.
• Roosevelt’s Inaugural Address, 1933 http://www.yale.edu/lawweb/avalon/presiden/inaug/froos1.htm.
• Bradford DeLong and Barry Eichengreen, "The Marshall Plan" http://econ161.berkeley.edu/pdf_files/Marshall_Large.pdf

Assignments: Web assignment 5: Polanyi's well-governed market due by 11 AM on October 2

October 9 and 11: Really Existing Socialisms; Really Existing Nationalisms

Readings:

• "Notes: Socialisms and Nationalisms."
• Benedict Anderson, Imagined Communities (London: Verso: 1844670864)
• Milovan Djilas, The New Class (New York: Harvest/HBJ: 015665489X).
• Karl Marx, "Wage Labour and Capital" http://www.marxists.org/archive/marx/works/1847/wage-labour/index.htm.

Assignments: Web assignment 6: Anderson or Djilas due by 11 AM on October 9

October 16 and 18: Politics, Markets, and Bureaucracies

Readings:

• "Notes: Thirty Glorious Years and Twenty Not So Great Ones."
• Milton Friedman, Capitalism and Freedom (Chicago: University of Chicago Press: 0226264211).
• Charles Lindblom, Politics and Markets (New York: Basic Books: 0465059589).
• Ronald Coase, “The Problem of Social Cost” http://www.sfu.ca/~allen/CoaseJLE1960.pdf

Assignments: Web assignment 7: Friedman's challenge due by 11 AM on October 16. First 1000-word paper: what is surprising about the twentieth century? due on October 19.

October 23 and 25: Late Development: Failures

Readings:

• "Notes: Difficulties of Late Industrialization."
• James Scott, Seeing Like a State (New Haven: Yale University Press: 0300078153).
• Kevin Murphy, Andrei Shleifer, and Robert Vishny, "Why Is Rent-Seeking so Costly for Growth?" http://links.jstor.org/sici?sici=0002-8282%28199305%2983%3A2%3C409%3AWIRSCT%3E2.0.CO%3B2-G

Assignments: Web assignment 8: government failures due by 11 AM on October 23

October 30 and November 1: Late Development: Successes

Readings:

• "Notes: East Asia Stands Up."
• James Fallows, Looking at the Sun. Paul Krugman, “The Myth of Asia’s Miracle” http://web.mit.edu/krugman/www/myth.html

Assignments: Web assignment 9: guided development successes due by 11 AM on October 30

November 6 and 8: The Crisis of Social Democracy?

Readings:

• "Notes: Does Social Democracy Have a Neoliberal Future?"
• Stephen Holmes, “The Liberal Idea” http://www.prospect.org/cs/articles?article=the_liberal_idea.
• Robert Reich, The Work of Nations (New York: Vintage: 0679736158)

Assignments: Web assignment 10: Robert Reich's domestic neoliberalism due by 11 AM on November 6

November 13 and 15: Does History Have an End?

Readings:

• "Notes: Is There a Washington Consensus?"
• Jessica Stern, Terror in the Name of God (New York: Harper: 0060505338).
• Benjamin Barber, “Jihad vs. McWorld” http://www.theatlantic.com/doc/199203/barber.
• Francis Fukuyama, “The End of History?” http://www.wesjones.com/eoh.htm.
• Bradford DeLong, Christopher DeLong, and Sherman Robinson, "The Case for Mexico's Rescue" http://econ161.berkeley.edu/Econ_Articles/themexicanpesocrisis.html.
• Fareed Zakaria, “The Rise of Illiberal Democracy” http://www.fareedzakaria.com/ARTICLES/other/democracy.html

Assignments: Web assignment 11: is Francis Fukuyama an idiot? due by 11 AM on November 13

November 20: NO CLASS

Assignments: Web assignment 12: Taliban studies due by 11 AM on November 20

November 27 and 29: Challenging International Neoliberalism

Readings:

• "Notes: The Second Great Era of Globalization."
• Joseph Stiglitz, Making Globalization Work (New York: Norton: 0393330281).
• Dani Rodrik, “After Neoliberalism, What?” http://ksghome.harvard.edu/~drodrik/After%20Neoliberalism.pdf.
• Harry Kreisler, "Power and Culture in International Affairs: Conversation with Josef Joffe" http://globetrotter.berkeley.edu/people/Joffe/joffe-con0.html.
• Bradford DeLong and Barry Eichengreen, "Between Meltdown and Moral Hazard" http://www.j-bradford-delong.net/Econ_Articles/CIEP/CIEP_revision06102001.PDF

Assignments: Web assignment 13: Joe Stiglitz's international anti-neoliberalism due by 11 AM on November 27

December 4: FEEDBACK: WHAT WORKED AND WHAT DIDN'T

Assignment: Second 1000-word paper: using what you have learned in your concentration due 5 PM December 4

December 6: REVIEW: MODERN POLITICAL ECONOMY

Assignments: Web assignment 14: improvement due by 11 AM on December 11

Saturday December 15: 5-8 PM: FINAL EXAM