040392 SE Types of Explanation in the History of Economic Thought (MA) (2026S)

Content
In this seminar, we identify and critically discuss different types of explanations proposed in the history of economic thought (18th-20th century).
Although many cornerstones of traditional histories of economic thought will be covered (Smith, Marx, German Historical School, Austrian School, Universalism, Keynes, Lucas), the course does not presume to present an encompassing history of hundreds of years of economic thought in a few weeks. The approach is deliberately and consciously eclectic. Critical analytic reflection on the presuppositions and consequences of specific types of explanations can be applied to historical as well as to contemporary cases.

Prerequisites
Basic knowledge of modern microeconomics is recommended but not necessary. All methodological concepts and ideas will be introduced in the course, some previous familiarity with them is helpful but not necessary. Students are required to be able and willing to conduct close and critical reading of texts which are partly written in antiquated language.

Aims
Diligent students will learn about the mutually enforcing development of value theory and of positions regarding the structure of satisfactory explanations. They will also learn to identify and appraise types of explanations employed in social scientific contexts.

Method
The first three meetings comprise lectures and discussions of background readings in order to develop the conceptual toolbox and necessary background knowledge for the subsequent analyses. In sessions 4-11, we discuss selected readings from the history of economic thought (18th-20th century). Special emphasis will be put on the identification and critical discussion of the kinds of explanations explicitly or implicitly used in those writings. Time permitting, discussion of all other aspects of those texts, including the question of contemporary relevance, is possible as well. For the final meeting, a concluding discussion and outlook is scheduled. Students will also have the opportunity to receive feedback on ideas for their
seminar papers.
The language of discussion is English, though German may be welcome as well, depending on the participants and the texts discussed. Participation for students who do not read German is possible. Students are required to prepare for every meeting on the basis of obligatory readings.