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.
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