Slouching Towards Utopia? The Economic History of the Twentieth Century

Lecture Topics and Readings Scratch File: Version 0.9

Economics 115: Fall 2009: TTh 12:30-2, F295 Haas

Th Aug 27: I: Overview (II: Growth; III; Fluctuations; IV: Distribution; V: Politics)

• Partha Dusgupta, “Prologue,” Chapter 1 in Partha Dasgupta, Economics: A Very Short Introduction, Oxford 2007, pp. 1-13
• Eric Hobsbawm, The Age of Extremes. New York: Vintage, 1996, pp. 1-17 ("The Century: A Bird's Eye View")

T Sep 1: VI: Slow Income Growth and the Absolute Poverty of the North Atlantic, 1800-1870

• Richard Sylla and Gianni Toniolo, “Introduction,” in Richard Sylla and Gianni Toniolo (eds.), Patterns of European Industrialization During the 19th Century, London: Routledge (1991), pp. 1-26.

Th Sep 3: VII: No Income Growth and the Dire Absolute Poverty of the Globe, 1800-1870

• Jared Diamond (1987), "The Invention of Agriculture: The Worst Mistake in the History of the Human Race," Discover. http://www.scribd.com/doc/2100251/Jared-Diamond-The-Worst-Mistake-in-the-History-of-the-Human-Race

T Sep 8: VIII: The Invention of Invention: Modern Economic Growth Comes to the North Atlantic, 1870-1914

• John Maynard Keynes (1920). The Economic Consequences of the Peace. Chapter 2. http://www.gutenberg.org/ebooks/15776

Th Sep 10: IX: The Iron-Hulled Ocean-Going Steamship: One Economic World, Indivisible, 1870-1914

• Richard E. Baldwin and Philippe Martin, “Two Waves of Globalisation: Superficial Similarities, Fundamental Differences,” NBER Working Paper no. 6904 (January 1999). http://papers.nber.org/papers/w6904.pdf.
• Barry Eichengreen, Globalizing Capital (Princeton University Press, 2008), Chapter 2.
• Michael Bordo, "Globalization in Historical Perspective," Business Economics (January 2002). http:/people.ucsc.edu/~hutch/Econ143/bordo.pdf

T Sep 15: X: Democracy, 1870-1914

• W. Arthur Lewis. The Evolution of the International Economic Order, pp. 1-38 (chapters 1-6).

Th Sep 17: XI: Empire, 1870-1914

• W. Arthur Lewis. The Evolution of the International Economic Order, pp. 39-75 (chapters 7-10).

T Sep 22: FIRST EXAM (pre-WWI/police the reading/instructor reality check)

Th Sep 24: XII: The Knot of War: 1914-1920 and After

• Eric Hobsbawm, The Age of Extremes. New York: Vintage, 1996, pp. 21-35 (Chapter I, part I).
• Jeffrey Frieden, Global Capitalism. New York: W.W. Norton, 2006, pp. 127-154 (Chapter 6).

T Sep 29: XIII: Trying to Keep Believing in Progress, 1920-1929

• Charles Feinstein, Peter Temin and Gianni Toniolo, The European Economy Between the Wars (Oxford 1997), chapters 2, 3 and 5, pp. 18-53 and 84-102.

Th Oct 1: XIV: The Business Cycle and the Great Depression, 1825-1940

• Charles Feinstein, Peter Temin and Gianni Toniolo, The European Economy Between the Wars (Oxford 1997), chapter 6, pp. 103-117.
• Barry Eichengreen, Globalizing Capital, chapter 3.
• Peter Fearon, “Hoover, Roosevelt and American Economic Policy During the 1930s,” in W.R. Garside, Capitalism in Crisis: International Responses to the Great Depression (Pinter Publishers, 1993), pp. 114-147.
• Eric Hobsbawm, The Age of Extremes. New York: Vintage, 1996, pp. 85-108 (Chapter 3).

T Oct 6: XV: Nazis, Bolsheviks, Fascists, Socialists, and Social Democrats, 1870-1933

• Eric Hobsbawm, The Age of Extremes. New York: Vintage, 1996, pp. 109-141 (Chapter 4).
• Jeffrey Frieden, Global Capitalism. New York: W.W. Norton, 2006, pp. 195-252 (Chapters 9-10).

Th Oct 8: XVI: Dealing with the Imperial West, 1914-1950

• Eric Hobsbawm, The Age of Extremes. New York: Vintage, 1996, pp. 199-224 (Chapter 7).

T Oct 13: XVII: Total War and Cold Peace, 1933-1955

• Peter Howlett, “The Legacy of the Second World War,” in Max-Stephan Schulze (ed.), Western Europe: Economic and Social Change Since 1945 (Longman, 1999), chapter 1, pp. 5-22.
• Till Geiger, “Reconstruction and the Beginnings of European Integration,” in Max-Stephan Schulze (ed.), Western Europe: Economic and Social Change since 1945 (Longman, 1999), Chapter 3, pp. 23-41.
• Eric Hobsbawm, The Age of Extremes. New York: Vintage, 1996, pp. 36-53 (Chapter 1, parts II-IV).

Th Oct 15: XVIII: Social Democracy in One (North Atlantic) Region, 1920-1975

• N.F.R Crafts, “The Great Boom, 1950-73,” in Max-Stephan Schulze (ed.), Western Europe: Economic and Social Change since 1945, chapter 4, pp. 42-62.
• Barry Eichengreen, Globalizing Capital, chapter 4, chapter 5, and chapter 6, pp. 219-225 only.
• Hobsbawm, The Age of Extremes. New York: Vintage, 1996, pp. 257-274 (Chapter 9, parts I-III).
• Larry Neal and Daniel Barbazat, The Economics of the European Union and the Economies of Europe (Oxford University Press, 1998), chapter 4, pp. 70-87.

T Oct 20: SECOND EXAM (1914-1950)

Th Oct 22: XIX: From Colonialism to Neocolonialism: Import Substitution, State Building, and Divergence, 1940-1980

• Eric Hobsbawm, The Age of Extremes. New York: Vintage, 1996, pp. 344-352 (Chapter 12, parts I-II).
• Jeffrey Frieden, Global Capitalism. New York: W.W. Norton, 2006, pp. 301-320 (Chapter 13).

T Oct 27: XX: Stalin, Mao, and Their Heirs 1926-1990

• Richard Ericson, “The Classical Soviet-Type Economy: Nature of the System and Implications for Reform,” Journal of Economic Perspectives 5:4 (Autumn) 1991, pp. 11-27.
• Eric Hobsbawm, The Age of Extremes. New York: Vintage, 1996, pp. 344-352, 461-471 (Chapter 13, Chapter 16 part I).
• Jeffrey Frieden, Global Capitalism. New York: W.W. Norton, 2006, pp. 321-338 (Chapter 14).

Th Oct 29: XXI: Japan and the Stubborn Boundaries of the "First World", 1870-1990

• Dani Rodrik, “Getting Interventions Right: How South Korea and Taiwan Grew Rich,” Economic Policy 20, (1995) pp. 55-107.
• Edward J. Lincoln, “Japan's Financial Problems,” Brookings Papers on Economic Activity (1998), pp. 347-385. http://ideas.repec.org/a/bin/bpeajo/v29y1998i1998-2p347-385.html
• Anil Kashyap, “Sorting Out Japan's Financial Crisis,” Federal Reserve Bank of Chicago Economic Perspectives 2002 (fourth quarter), pp. 42-55.

T Nov 3: XXII: 1980: At the Peak of the Great Divergence: One World Unequal and Very Divisible

• Lant Pritchett, “Divergence, Big Time,” Journal of Economic Perspectives (Summer 1997), pp.3-17
• Jeffrey Frieden, Global Capitalism. New York: W.W. Norton, 2006, pp. 435-453 (Chapter 19).

Th Nov 5: XXIII: Social Democracy Exhausted: 1970-1995

• Eric Hobsbawm, The Age of Extremes. New York: Vintage, 1996, pp. 403-418 (Chapter 14, parts I-II).

T Nov 10: XXIV: Neocolonialism and Neoliberalism Triumphant, 1980-2000

• Paul Collier and Jan Willem Gunning, “Why Has Africa Grown Slowly?” Journal of Economic Perspectives (1999), pp. 3-22.
• Jeromin Zettelmeyer, “Growth and Reforms in Latin America: A Survey of Facts and Arguments,” IMF Working Paper no. WP/06/210 (September 2006). http://www.imf.org/external/pubs/cat/longres.cfm?sk=19436
• John H. Coatsworth, “Structures, Endowments, and Institutions in the Economic History of Latin America, Latin American Research Review 40 (2005), pp. 126-144.

Th Nov 12: XXV: Decommunization, 1975-2010

• Johannes Linn, “Ten Years of Transition in Central Europe and the Former Soviet Union: The Good News and the Not-So-Good News,” in Mario Blejer and Marko Skreb (eds.), Transition: The First Decade (MIT Press, 2002), pp. 15-44
• Hans-Werner Sinn, “The Withering East,” in Can Germany Be Saved? (MIT Press, 2007), First part of chapter 5, pp .139-161.
• Eric Hobsbawm, The Age of Extremes. New York: Vintage, 1996, pp. 471-499 (Chapter 16, parts II-VI).

T Nov 17: XXVI: China (and India) Stand Up, 1975-2010

• Gregory C. Chow, “How and Why China Succeeded in Her Economic Reform,” China Economic Review (1993), pp. 117-128. http://ideas.repec.org/a/eee/chieco/v4y1993i2p117-128.html
• Louis Kuijs and Tao Wang, “Chinaís Pattern of Growth: Moving to Sustainability and Reducing Inequality,” World Bank Policy Research Paper no. 3767 (November 2005).
• Brad DeLong, “India since Independence: An Analytical Growth Narrative,” unpublished manuscript, UC Berkeley. http://www.j-bradford-delong.net/Econ_Articles/India/India_Rodrik_DeLong.html
• Dani Rodrik and Arvind Subraminaian, “From Hindu Growthí to Productivity Surge: The Mystery of the Indian Growth Transition,” NBER Working Paper no. 10376 (March 2004). http://papers.nber.org/papers/w10376.pdf.

Th Nov 19: THIRD EXAM (1950-2010)

T Nov 24: NO CLASS

Th Nov 26: NO CLASS

T Dec 1: XXVII: The Great Global Leap Forward, 1940-2020

• Eric Hobsbawm, The Age of Extremes. New York: Vintage, 1996, pp. 522-557 (Chapter 18).
• Jeffrey Frieden, Global Capitalism. New York: W.W. Norton, 2006, pp. 413-434 (Chapter 18).

Th Dec 3: XXVIII: Things Falling Apart? 2000-2100

• Barry Eichengreen, Globalizing Capital, Chapter 6, pp. 185-210.
• Andrew Berg, “The Asian Crisis: Causes, Policy Responses and Outcomes,” IMF Working Paper no. 99/138 (October 1999). http://www.imf.org/external/pubs/cat/longres.cfm?sk=3295.0
• Olivier Blanchard, “The Economic Future of Europe,” Journal of Economic Perspectives (2004), pp. 3-26.
• Stern Report

T Dec 8: Summary and Review

F Dec 18: FINAL EXAM 12:30-3:30pm

Teaching Staff Econ 115

DeLong Bradford [email protected]
Grigoriadis Theocharis [email protected]
Hausman Joshua [email protected]
Pagel Michaela [email protected]
Rao Manaswini [email protected]
Sargent Matthew [email protected]