Three centuries of econ history in 90 minutes… and not all economists are nerdly

Posted: April 15, 2014 in Uncategorized

The Sowellian crew had their chances to declare fealty to the economics profession… and all but one decided that econ was not in their future, except as a committed amateur.  Undaunted, we launched into an exhausting (but not exhaustive) review of economics history.

Do all legendary economists have bad grooming habits?

Do all legendary economists have bad grooming habits?

The centuries flew by as the mercantilists and the physiocrats gave way to the classicists, inspired by our dear friend (Homey with a wig), Adam Smith.

Says’s law, David Ricardo, the Marginalist revolution and equilibrium theory also spun by as in a slow-motion bicycle crash… the pieces of the wreckage seemingly frozen for a time, then flashing away.

Before the clock struck lunchtime, we learned a few revealing facts about economists still hugely influential to this day: Keynes, Friedman, Hayek and Krugman.

Here’s the PPT from today. Week 14, April 15    Next week, international trade.

 

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