Universität Wien

040044 KU History of Economic Ideas (BA) - The Heresies of Mr. Keynes (2023W)

4.00 ECTS (2.00 SWS), SPL 4 - Wirtschaftswissenschaften
Continuous assessment of course work
ON-SITE

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Note: The time of your registration within the registration period has no effect on the allocation of places (no first come, first served).

Details

max. 50 participants
Language: English

Lecturers

Classes (iCal) - next class is marked with N

Wednesday 04.10. 13:15 - 14:45 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
Wednesday 11.10. 13:15 - 14:45 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
Wednesday 18.10. 13:15 - 14:45 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
Wednesday 25.10. 13:15 - 14:45 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
Wednesday 08.11. 13:15 - 14:45 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
Wednesday 15.11. 13:15 - 14:45 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
Wednesday 22.11. 13:15 - 14:45 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
Wednesday 29.11. 13:15 - 14:45 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
Wednesday 06.12. 13:15 - 14:45 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
Wednesday 13.12. 13:15 - 14:45 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
Wednesday 10.01. 13:15 - 14:45 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
Wednesday 17.01. 13:15 - 14:45 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
Wednesday 24.01. 13:15 - 14:45 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
Wednesday 31.01. 13:15 - 14:45 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß

Information

Aims, contents and method of the course

Aims
The aim of this course is to provide a general introduction to the work of John Maynard
Keynes. Keynes, of course, is well known for his book ‘The General Theory of Employment
Interest and Money’, which revolutionized macroeconomic theory, and was published in
1936. However, as an author and as a high-ranking civil servant, Keynes contributed not only
to economics, but to philosophy and to politics as well and played an important role in
shaping British politics from 1914 to 1946. By reviewing some of his major works on the
basis of selected passages, this course discusses Keynes’ ideas and theories as well as his
important activities as high-ranking civil servant and financial expert, such as his role with
respect to financing the Great War and World War II. The passages reviewed will be taken
from Keynes’ books such as ‘The Economic Consequences of the Peace’, ‘Treatise on
Probability’, ‘A Tract on Monetary Reform’, ‘Treatise on Money’, ‘The General Theory of
Employment, Interest and Money’, and ‘How to Pay for the War’. The focus, however, will be
on Keynes’ economic ideas, which deviated from contemporary orthodox theory not only as
late as with his ‘The General Theory of Employment, Interest and Money’. In want of better
alternatives, the title of this course is stolen from an introductory article to Keynes’ work,
authored by Robert Heilbroner, contained in his book ‘The Wordly Philosophers’.

Methods
Teaching consists of one unbroken 90-minute seminar; Discussion of problems at issue on the
basis of short introductory talks; discussion of different text passages on the basis of questions
distributed in advance for every meeting.

Assessment and permitted materials

Requirements
Students have to produce one substantial talk (about 30 min) on the basis of selected passages
from Keynes' books. Previous to their talks, students will make individual appointments with
me. In addition, they are required to hand in a short seminar paper on the basis of the talks
they presented. Also, they have to attend the course on a regular basis and contribute in a
lively manner to discussions at all classes.

Minimum requirements and assessment criteria

Evaluation and Rewards
In order to complete that course successfully, students are required to produce one substantial
talk and write a short seminar paper. They also are required to contribute in a lively manner to
discussions at all classes. The quality of talks and seminar papers will be evaluated on the
basis of completeness, clarity of argument, logical reasoning, and precision.

Examination topics

Areas of Examinations
Problems discussed in the course.

Reading list

Principal Readings:
1) Robert L. Heilbroner, The Wordly Philosophers, Touchstone 1999, chap. IX.
2) Selected Passages from J. M. Keynes, ‘The Economic Consequences of the Peace’, CWK.
II, ‘A Tract on Monetary Reform’, CWK. IV, , ‘Treatise on Money’, CWK. V, VI, ‘The
General Theory of Employment, Interest and Money’, CWK. VII, ‘Treatise on Probability’,
CWK. VIII, and ‘How to Pay for the War’. CWK. IX. ( CWK = The Collected Writings of
John Maynard Keynes, (ed. Donald Moggridge), MacMillan, St. Martins Press, Royal
Economic Society, vols I – XXX; quoted as CWK.)
3) Selected passages from Zachary D. Carter, The Price of Peace, Random House, New York,
2020

Association in the course directory

Last modified: Su 01.10.2023 15:07