बी. ए. (III सेमेस्टर)
अर्थशास्त्र
आर्थिक विचार का इतिहास
(History of Economic Thought)

SYLLABUS

B.A. (III Semester)
ECONOMICS
(History of Economic Thought)

Part I

Unit I

Kautilya, Dada Bhai Naoroji, R.C. Dutt, B.R. Ambedkar, R.
M. Lohia, Gandhian Economics.

Unit II

Pt. Deen Dayal Upadhyay, J.K. Mehta, A.K. Sen, J. Bhagwati.

Unit III

Early Period: Economic thought of Plato and Aristotle - Doctrines of Just Cost and Just Price.

Unit IV

Mercantilism Main Characteristics; Thomas Munn

Physiocracy: Natural Order, Primacy of Agriculture, Social Classes, Tableau Economique, Taxation, Turgot - Economic Ideas of Petty, Locke and Hume.

Part II

Unit V

Classical Period: Adam Smith - Division of Labour, Theory of Value, Capital Accumulation, Distribution, Views on Trade, David Ricardo, Distribution Ideas on International Trade; Thomas R. Malthus, Theory of Gluts.

Unit VI

German Romantics and Socialists - Sismondi, Karl Marx - Dynamics of Social Change, Labour Theory of Value, Surplus Value, Profit, and Theory of Capitalist Crisis; Economic ideas of J.B. Say, J.S. Mill.

Unit VII

Marshall as a Great Synthesizer: Role of Time in Price Determination, Economic Methods, Ideas on Consumer's Surplus, Elasticity, Representative Firm, Quasi-Rent, Pigou; Welfare Economics; Schumpeter.

Unit VIII

Marginalists: The Precursors of Marginalism, Cournot, Gossen The Marginalist Revolution: Jevons, Walras and Menger Bohm-Bawark, Wicksell and Fisher; Economic Ideas of Wicksteed and Weiser.

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