Program

 

2015 Summer Institute
Topics in the History of Economics

There are 2 sessions a day, Monday through Thursday, and one morning session on Friday. The morning sessions are from 9:30-11:30 am, and the afternoon sessions from 2:00-4:00 pm. There will be a short break (5-10 minutes) half way through each session.

The readings for each session may be found at the "Program and Readings" link directly below.

(Program and Readings pdf)

Sunday May 31

2-6 pm   Participants arrive and register at Dorm

6:30 pm Welcome Barbecue Dinner @ The Center for the History of Political Economy, Social Science Suite 07

WEEK ONE (June 1-5)

Monday June 1: Introductions

Session 1 – Introductions of Program and Participants; Timeline - Bruce Caldwell

Session 2 – Adam Smith and the Classical Roots of Market Failure Analysis - Steve Medema

Tuesday June 2:

Session 3 – Nineteenth Century Developments:  J.S. Mill and Henry Sidgwick - Steve Medema

Session 4 – Market Failure and Economic Welfare:  A.C. Pigou and the Pigovian Tradition - Steve Medema

Wednesday June 3:

Session 5 – The Virginia-Chicago Challenge - Steve Medema

Session 6 – The Coase Theorem Controversy - Steve Medema

7:05 pm - Durham Bulls Baseball Game

Thursday June 4:

Session 7 – The Chicago School - Steve Medema

Session 8 – Imperial Chicago – Eddie Nik-Khah

Friday June 5:

Session 9 – The Chicago School:  Still More Different Looks - Medema, Caldwell, Nik-Khah

WEEK TWO (June 8 to 12)

Monday June 8:

Sessions 10 & 11 – Will Cover the Following Three Video Lectures – Class time will be devoted to discussion 

The Background to Modern Macroeconomics (before the 1930’s) – Kevin Hoover

The Great Depression:  Keynes and His Critics (the 1930s) - Kevin Hoover

Macroeconometrics and the New Economics (1930-1950) – Kevin Hoover

Tuesday June 9:

Session 12 – Paul Samuelson and Modern Mathematical Economics – Roger Backhouse

Session 13 – The Empirical Microfoundations of Macroeconomics (1945-1970) - Kevin Hoover (video)

Wednesday June 10:

Session 14 – Paul Samuelson and the Keynesian Revolution in America – Roger Backhouse

Session 15 – The Problem of Inflation (1950-1970) - Kevin Hoover (video)

4:00pm – Visit David M. Rubenstein Rare Book and Manuscript Library

Thursday June 11:

Session 16 – The Monetarist Counter-Revolution (1955-1975) - Kevin Hoover (video)

Session 17 – New Classicals and New Keynesians (1970-1985) Kevin Hoover (lecture) 
 

6:30 pm- Closing Dinner at Tyler’s Taproom, Durham

Friday June 12:

Session 18 – F. A. Hayek, His Life and Ideas – Bruce Caldwell (video)

The final hour of Session 18 will be a Summer Institute Wrap-Up – no readings.

12 noon to 3:00pm:  Check out of dorm