History of Economic Theories

The sum of the teaching material can be found on the following page on E-class: https://eclass.duth.gr/courses/KOM06161/.

Course description

This course aims to give the student of Economics a complete and diachronic depiction of economic theories. By presenting different perspectives and schools of thought, the acquaintance and enhancement of the young economist’s critical thinking are sought.

Learning outcomes

This course’s attendance will give students the necessary abilities to:

  • Understand the development of economic theory from a historical perspective.
  • Understand the emergence of new “Paradigms” and heterodox currents in economics.
  • Distinguish similarities and differences between schools of economic thought.
  • To realize the co-evolution between economic reality and the ways it is conceived and implemented in socio-economic policy.
  • To link the development of contemporary economic science with the evolving world economy and with today’s phase of crisis and globalization’s restructuring.

General skills

  • Comprehensively understand the central economic concepts.
  • To approach the different ways of looking at economic reality from an evolutionary perspective.
  • Critical thinking.
  • To promote free, creative, and inductive thinking.

Course contents

  1. Economics and history of economic theories
  2. Economic history and the development of economic thought
  3. Dynamics of first capitalist development
  4. The classical political economy
  5. The critique of classical capitalist development and the foundation of Marxist thought
  6. Traditional neoclassical approaches
  7. The critique of neoclassical “optimism”: The German historical school’s objection, the first American institutionalism, and the Keynesian revolution
  8. Post-Keynesian approaches to economic growth and neoclassical synthesis: Theoretical deadlocks and necessary transcendences
  9. The “underestimated” Schumpeterian heterodoxy
  10. The Maoist model, the school of dependence, and neo-Marxist approaches: Conceptual convergences and divergences
  11. The gradual transition to globalization
  12. Latest streams of thought in economics
  13. Revisiting the course’s content and recapitulation


Required textbooks (In Greek)

  • Ιστορία της οικονομικής αναλύσεως
    Κωδικός Βιβλίου στον Εύδοξο: 41964131
    Έκδοση: 2η έκδ./2015
    Συγγραφείς: Θεοχάρης Ρηγίνος Δ.
    ISBN: 978-960-02-3038-3
    Τύπος: Σύγγραμμα
    Διαθέτης (Εκδότης): ΕΚΔΟΣΕΙΣ ΠΑΠΑΖΗΣΗ ΑΕΒΕ
  • Το οικονομικό σύστημα και η εξέλιξή του
    Κωδικός Βιβλίου στον Εύδοξο: 11812
    Έκδοση: 1η έκδ./2009
    Συγγραφείς: Χατζηκωνσταντίνου Γεώργιος Θ.
    ISBN: 978-960-218-652-7
    Τύπος: Σύγγραμμα
    Διαθέτης (Εκδότης): ΕΚΔΟΣΕΙΣ ΚΡΙΤΙΚΗ ΑΕ

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