Econ 426W - Comparative Systems in Theory and Practice

Institution:

Washington University in St Louis

Subject:

Description:

This class focuses on understanding and evaluating several theories of economic development, the implementation of these theories in various countries, and the consequences of those policies. The course then provides a historical examination of the arguments for and against capitalism and for the alternatives. The focus is on understanding and evaluating those arguments. We look at the correspondence between what various writers asserted would happen and what actually happened. We read Smith, Marx, Lenin, Hayek, Von Mises, Lange, Schumpeter, Schelling, Coase, and North among others. We examine in some detail how economists over time have evaluated Soviet, Chinese, North Korean, and Singapore economic performance and what the current evidence suggests actually happened. We examine in less detail the modern forms of mercantilism, autarky, kleptocracy, despotism, fascism, and Nazi regimes. Prerequisite: Econ 4011 (401). Please note: Requests for online registration are wait listed. Students must sign up for this course in the Economics office, 307 Seigle. Refer to emailed advising memo from D. Petersen for further details.

Credits:

3.00

Credit Hours:

Prerequisites:

Corequisites:

Exclusions:

Level:

Instructional Type:

Lecture

Notes:

Additional Information:

Historical Version(s):

Institution Website:

www.wustl.edu

Phone Number:

(314) 935-5000

Regional Accreditation:

North Central Association of Colleges and Schools

Calendar System:

Semester

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