Great Economists: Classical Economics and its Forerunners

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Free Online Course: Great Economists: Classical Economics and its Forerunners provided by MRUniversity is a comprehensive online course, which lasts for 9 hours worth of material. The course is taught in English and is free of charge. Upon completion of the course, you can receive an e-certificate from MRUniversity. Great Economists: Classical Economics and its Forerunners is taught by Tyler Cowen and Alex Tabarrok.

Overview
  • What you will learn

    This free video course covers the history of economic thought up until the "Marginal Revolution" in the 1870s and features a video for each chapter of Adam Smith's "The Wealth of Nations." The videos answer important questions such as: Who were the first economic thinkers? What are the very origins of economic thought? What did earlier economists understand but has been lost to the modern world? Why is Adam Smith the greatest economist of all time? How did the economic issues of the 18th and 19th centuries shape the thoughts of the classical economists?

    This course is non-technical and is accessible to a beginner.

Syllabus
  • 1. Before Adam Smith, Part 1

    Galileo and the theory of value

    School of Salamanca

    Why did economics develop so slowly?

    Isaac Gervaise

    Cesare Beccaria

    Montesquieu

    Introduction to Mercantilism

    Nicholas Barbon

    Sir William Petty

    Bernard Mandeville

    2. Before Adam Smith, Part 2

    John Law

    Richard Cantillon

    Anne-Robert-Jacques Turgot

    Francois Quesnay

    David Hume on interest

    David Hume on the balance of trade

    David Hume on public debt

    David Hume on money

    David Hume on taxes

    Which ideas were developed in early classical economics?

    3. Adam Smith

    Life of Adam Smith

    Adam Smith, Theory of Moral Sentiments

    Adam Smith’s Theory of Growth

    What I learned from Adam Smith

    Adam Smith and the Industrial Revolution

    Adam Smith, Intro to Wealth of Nations

    4. Wealth of Nations, Book One

    Adam Smith, Book 1, Ch 1, Division of Labor

    Adam Smith, Book 1, Ch. 2, Truck and Barter

    Adam Smith, Book 1, Ch. 3, Extent of the Market

    Adam Smith, Book 1, Ch. 4, Origin and Use of Money

    Adam Smith, Book 1, Ch. 5, Real and Nominal Price

    Adam Smith, Book 1, Ch. 6, Component Parts of Price

    Adam Smith, Book 1, Ch. 7, Natural Price and Market Price

    Adam Smith, Book 1, Ch. 8, Wages of Labor

    Adam Smith, Book 1, Ch. 9, Profits of Stock

    Adam Smith, Book 1, Ch. 10, Inequalities of Wages

    Adam Smith, Book 1, Ch. 11, Rent of Land

    Adam Smith, Book 1, Ch. 11, Digression on Silver

    5. Wealth of Nations, Book Two

    Adam Smith, Book 2, Ch. 1, Nature and Division of Stock

    Adam Smith, Book 2, Ch. 2, Of Money

    Adam Smith, Book 2, Ch. 3, Unproductive Labor

    Adam Smith, Book 2, Ch. 4, Interest and Usury

    Adam Smith, Book 2, Ch. 5, Employment of Capitals

    6. Wealth of Nations, Book Three

    Adam Smith, Book 3, Ch. 1, Progress of Opulence

    Adam Smith, Book 3, Ch. 2, Discouragement of Agriculture

    Adam Smith, Book 3, Ch. 3, Cities and Towns

    Adam Smith, Book 3, Ch. 4, Towns and Country

    7. Wealth of Nations, Book Four

    Adam Smith, Book 4, Ch. 1, Mercantile Systems

    Adam Smith, Book 4, Ch. 2, Restraints Upon Production

    Adam Smith, Book 4, Ch. 3, 4-5

    Adam Smith, Book 4, Ch. 6, Commerce Treaties

    Adam Smith, Book 4, Ch. 7, Of Colonies

    Adam Smith, Book 4, Ch. 8, Mercantile Conclusions

    Adam Smith, Book 4, Ch. 9, Agricultural Systems

    Adam Smith, Book 4, Digression on Corn

    8. Wealth of Nations, Book Five

    Adam Smith, Book 5, Ch. 1, pt. 1, Expense of Defense

    Adam Smith, Book 5, Ch. 1, pt. 2, Expense of Justice

    Adam Smith, Book 5, Ch. 1, pt. 3, Public Works

    Adam Smith, Book 5, Ch. 1, pt. 3, article 2, Education of Youth

    Adam Smith, Book 5, Ch. 1, pt. 3, article 3, Religious Instruction

    Adam Smith, Book 5, Ch. 1, pt. 4, Expense of the Sovereign

    Adam Smith, Book 5, Ch. 2, pt. 1-2, Sources of the Public Revenue

    Adam Smith, Book 5, Ch. 2, pt. 3, article 4, Taxes on Commodities

    Adam Smith in the Custom House

    9. After Adam Smith, Part One

    Condorcet

    Jean-Baptiste Say

    Malthus on population

    Malthus on demand

    Jeremy Bentham on government debt

    Introduction to Ricardo

    Ricardo on rent

    Life of Robert Torrens

    Robert Torrens and sliding tariffs

    Robert Torrens on strategic trade policy

    Henry Thornton

    Mountifort Longfield

    Edward Gibbon Wakefield

    10. After Adam Smith, Part Two

    Frederic Bastiat on the Seen and Unseen

    Frederic Bastiat and the Candlemakers’ Petition

    John Stuart Mill, terms of trade

    J.S. Mill on money and demand

    Life of John Stuart Mill

    Mill on Bentham

    How the Dismal Science Got Its Name

    Friedrich List

    Cournot

    Dupuit

    Von Thunen

    John Snow

    Eugen Slutsky

    11. Practical issues faced by the classical economists

    Economists in Parliament

    The debates over debt

    Bullionist debates, Part I

    Bullionist debates, Part II

    Living standards during the Industrial Revolution

    The Poor law debates

    The Machinery question

    The Corn Law debates

    Peel’s Act of 1844 and the Currency School

    The India question

    12. Friedrich A. Hayek’s Individualism and Economic Order

    Hayek on Individualism and Spontaneous Order

    Hayek on Economics and Knowledge

    Hayek on Social Science Facts

    Hayek on the Use of Knowledge in Society

    Hayek on Competition and Discovery

    Profit and Loss Calculation

    Hayek on Socialist Calculation

    Hayek on the Gold Standard and Commodity Reserve Currency

    Hayek on the Ricardo Effect

    Hayek on Interstate Federalism and Free Trade

    What I Learned from Hayek

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