Economics 115: Fall 2009: TTh 12:30-2, F295 Haas
http://delong.typepad.com/slouching
- Reader list for Econ 115
- Initial Administrivia Handout
- An Unnecessary Note on Workload
- Econ 115: Fall 2009: .mp3 Lecture Audio Files
Lecture Topics, Readings, and Assignments
Office Hours. Brad DeLong's office hours for this course are on Thursday 11-12:30, at the Business School cafeteria; [email protected].
Josh Hausman's office hours: Thursday after class Until 4 in Evans 608-3.
Theocharis Grigoriadis office hours : 2-4pm on Mondays in Evans 608-1.
M Aug 24: Before class begins: http://tinyurl.com/dl20090823b
Th Aug 27: Overview: Slouching Towards Utopia?
Partha Dusgupta, “Prologue,” Chapter 1 in Partha Dasgupta, Economics: A Very Short Introduction, Oxford 2007, pp. 1-13 http://tinyurl.com/dl20090823a
- Eric Hobsbawm, The Age of Extremes. New York: Vintage, 1996, pp. 1-17 ("The Century: A Bird's Eye View")
- Barry Eichengreen, Globalizing Capital (Princeton University Press, 2008), Chapter 1.
- Jeffry Frieden, Global Capitalism, Prologue.
Powerpoints: http://delong.typepad.com/slouching/2009/08/twentieth-century-economic-history-econ-115-introductory-lecture--powerpoints.html Audio: http://delong.typepad.com/slouching/2009/08/econ-115-audio-lecture-1--overview-august-27-2009.html
T Sep 1: Slow Income Growth and the Absolute Poverty of the North Atlantic, 1800-1870
Notes and audio: http://delong.typepad.com/slouching/2009/08/econ-115-lecture-notes-september-1-2009-slow-growth-and-poverty-in-the-north-atlantic-1800-1870.html
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: No Income Growth and the Dire Absolute Poverty of the Globe, 1800-1870
- Notes: http://delong.typepad.com/slouching/2009/08/econ-115-lecture-notes-september-3-2009-stagnant-incomes-and-the-poverty-of-the-globe-1800-1870.html
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
F Sep 4: Essay due: why I am taking this class... http://tinyurl.com/dl20090823g
T Sep 8: The Invention of Invention: Modern Economic Growth Comes to the North Atlantic, 1870-1914
- Notes: http://delong.typepad.com/slouching/2009/08/econ-115-lecture-notes-september-8-2009-lecture-4-the-invention-of-invention-modern-economic-growth-comes-to-the-north-a.html
- Audio: http://delong.typepad.com/slouching/2009/09/econ-113-lecture-4-audio-the-invention-of-invention-1870-1914.html
Optional: Leading Sectors, Technology, and Economic Growth: A Finger Exercise
John Maynard Keynes (1920). The Economic Consequences of the Peace. Chapter 2. http://www.gutenberg.org/ebooks/15776
- Jeffry Frieden, Global Capitalism, chapter 3.
Th Sep 10: The Iron-Hulled Ocean-Going Steamship: One Economic World, Indivisible, 1870-1914
- Notes: http://delong.typepad.com/slouching/2009/08/econ-115-lecture-notes-september-10-2009-lecture-5-one-economic-world-indivisible-1870-1914.html
Audio: http://delong.typepad.com/slouching/2009/09/econ-1155--the-first-global-economy-09102009.html
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
- Jeffry Frieden, Global Capitalism, chapter 1.
F Sep 11: Problem set due: growth accounting and the coming of modern economic growth... Answers
T Sep 15: Democracy, 1870-1914
- Notes: http://delong.typepad.com/slouching/2009/09/econ-115-lecture-notes-september-15-2009-lecture-6-democracy.html
Audio: http://delong.typepad.com/files/econ-115-6--democracy.aac
W. Arthur Lewis. The Evolution of the International Economic Order, pp. 1-38 (chapters 1-6). http://delong.typepad.com/slouching/2009/09/econ-115-readings-lewis-evolution-of-the-international-economic-order.html
- Jeffry Frieden, Global Capitalism, chapter 5.
Th Sep 17: Empire, 1870-1914
Notes: http://delong.typepad.com/slouching/2009/09/econ-115-lecture-nores-september-17-2009-lecture-7-empire-1870-1914.html *Audio: http://delong.typepad.com/files/econ-115-7--empire.aac
W. Arthur Lewis. The Evolution of the International Economic Order, pp. 39-75 (chapters 7-10).
- Jeffry Frieden, Global Capitalism, chapter 4.
F Sep 18: Problem set due: gains from international trade
Lecture Audio Files for Classes Before First Exam: http://delong.typepad.com/slouching/2009/09/econ-115-fall-2009-lecture-audio-files-before-world-war-i.html
T Sep 22: FIRST EXAM (pre-WWI/police the reading/instructor reality check)
Th Sep 24: The Knot of War: 1914-1920 and After
Notes and Audio: http://delong.typepad.com/slouching/2009/10/econ-115-lecture-nores-september-24-2009-world-war-i-and-after.html
Eric Hobsbawm, The Age of Extremes. New York: Vintage, 1996, pp. 21-35 (Chapter 1, part I).
- Jeffry Frieden, Global Capitalism. New York: W.W. Norton, 2006, pp. 127-154 (Chapter 6).
T Sep 29: Trying to Keep Believing in Progress, 1920-1929
Notes and Audio: http://delong.typepad.com/slouching/2009/10/econ-115-lecture-notes-september-29-2009-john-maynard-keynes-trying-to-rebuild-the-globe.html
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: The Business Cycle and the Great Depression, 1825-1940 Continued to T Oct 6 and (probably) Th Oct 8: Class October 8 Moved to Chevron Auditorium in International House
Notes and Audio: http://delong.typepad.com/slouching/2009/10/econ-115-lecture-notes-october-1-2009-great-depression-i.html
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).
- Jeffry Frieden, Global Capitalism, chapter 8.
F Oct 2: Essay due: where my ancestors were in 1914-1945... http://tinyurl.com/dl20090823f
T Oct 6 13: Nazis, Bolsheviks, Fascists, Socialists, and Social Democrats, 1870-1933
- Eric Hobsbawm, The Age of Extremes. New York: Vintage, 1996, pp. 109-141 (Chapters 2 and 4).
- Jeffry Frieden, Global Capitalism. New York: W.W. Norton, 2006, pp. 195-252 (Chapters 9-10).
Th Oct 13 15: Total War
F Oct 9 16: Problem set due: the Great Depression
T Oct 20: SECOND EXAM (1914-1973)
Th Oct 8 22: Dealing with the Imperial West, 1914-1950 I
- Eric Hobsbawm, The Age of Extremes. New York: Vintage, 1996, pp. 199-224 (Chapter 7).
T Oct 27: Dealing with the Imperial West, 1914-1950 II, 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 29: 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.
- 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.
- Jeffry Frieden, Global Capitalism, chapters 11 and 12.
F Oct 16 30: Essay due: economic growth and the difference it made, 1914-1973 http://tinyurl.com/dl20090823e
T Oct 22 Nov 3: 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).
- Jeffry Frieden, Global Capitalism. New York: W.W. Norton, 2006, pp. 301-320 (Chapter 13).
Th Oct 27 Nov 5: Stalin, Mao, and Their Heirs 1926-1990; Japan and the Stubborn Boundaries of the "First World", 1870-1990
Audio: Chairman Mao
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).
- Jeffry Frieden, Global Capitalism. New York: W.W. Norton, 2006, pp. 321-338 (Chapter 14).
F Oct 30 Nov 6: Essay due: coming to terms with totalitarianism... http://tinyurl.com/dl20090823d
T Nov 3 Nov 10 12: 1980: At the Peak of the Great Divergence: One World Unequal and Very Divisible; Social Democracy Exhausted: 1970-1995
- Lant Pritchett, “Divergence, Big Time,” Journal of Economic Perspectives (Summer 1997), pp.3-17
- Jeffry Frieden, Global Capitalism. New York: W.W. Norton, 2006, pp. 435-453 (Chapter 19).
- Eric Hobsbawm, The Age of Extremes. New York: Vintage, 1996, pp. 403-418 (Chapter 14, parts I-II).
- Barry Eichengreen, Globalizing Capital, chapter 5.
- Jeffry Frieden, Global Capitalism, chapter 16.
- 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 10 12 17: Neocolonialism, Neoliberalism, DeCommunization 1980-2000
- Paul Collier and Jan Willem Gunning, “Why Has Africa Grown Slowly?” Journal of Economic Perspectives (1999), pp. 3-22.
- John H. Coatsworth, “Structures, Endowments, and Institutions in the Economic History of Latin America, Latin American Research Review 40 (2005), pp. 126-144.
- Jeffry Frieden, Global Capitalism, chapters 17 and 19.
- 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).
Th Nov 12 17 19: Social Democracy and Its Discontents II
Th Nov 19: THIRD EXAM (1950-2010) CANCELLED
T Nov 24: NO CLASS
Th Nov 26: NO CLASS
M Nov 13 30: Essay: California poitics since the revolt of the haves... http://tinyurl.com/dl20090823c CANCELLED
T Dec 1: 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
- Dani Rodrik and Arvind Subraminaian, “From Hindu Growth to Productivity Surge: The Mystery of the Indian Growth Transition,” NBER Working Paper no. 10376 (March 2004). http://papers.nber.org/papers/w10376.pdf.
T Dec 1: 2 PM: Post-Lecture Party
Th Dec 3: The Great Global Leap Forward? 1940-2100
- 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).
- Barry Eichengreen, Globalizing Capital, chapter 6 and chapter 7.
- Jeffry Frieden, Global Capitalism, chapter 20.
- 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.
- Nicholas Stern et al., "The Stern Review on the Economics of Climate Change: Executive summary" http://www.hm-treasury.gov.uk/d/Executive_Summary.pdf
M Nov 6 Dec 14: Problem set: economic growth across countries
T Dec 8: Review Class
F Dec 11: Due 5 PM: 2500 words. Take one of your short papers for this course--I hope the one you liked most--and expand it and its argument to about 2500 words. This assignment substitutes for the cancelled November 19 midterm in all respects.
F Dec 18: FINAL EXAM 12:30-3:30pm (Group XVII)