ECS 3705History Economic Thought Study Guide

INTRODUCTION MODULE OUTCOMES Through a study of this module, you can look forward to acquire: 1 a better understanding of the present economic situation by way of a better understanding of past economic situations. 2 a greater appreciation for the fact that many popular ideas which seem novel and contemporary are, in fact, reformulations of old ideas. 3 a deeper insight into the thought world of famous economists of the past, like Adam Smith, Karl Marx and John Maynard Keynes. 4 a better grasp of how economic thinking has developed over the centuries 5 an improved ability to evaluate old ideas and their relevance for the present 6 a better idea of the pros and cons of the various ideological systems as related to economics STUDY MATERIAL