[2019-2020] DU Panthéon Sorbonne MSc. in Economics - Political Economy
Section 1: Reading material
Introduction: Where are we now?
Video (in French): Capitalisme : contre la schizophrénie, retour au dirigisme, interview with Olivier Passet Xerfi Canal, 25 January 2020
Binyamin Appelbaum and Robert D. Hershey Jr., "Paul A. Volcker, Fed Chairman Who Waged War on Inflation, Is Dead at 92", The New York Times, 13 December 2019.
Mervyn King, "The World Turned Upside Down: Economic Policy in Turbulent Times", Per Jacobsson Lecture, IMF Seminar, October 19, 2019.
Karl Marx and Frederich Engels, The Communist Manifesto, 1848.
Dani Rodrik, Economics Rules: The Rights and Wrongs of the Dismal Science, New York, W.W. Norton, 2015.(A summary of his ideas in this book is available in Dani Rodrik, "Economists vs. Economics", Project Syndicate, Sept 10, 2015.).
Robert Shiller, Narrative Economics, Cowles Foundation Discussion Paper No 2069. January 2017.
Complexity theory in economics - some summary texts:
Jan Arpe, "Globalisation and its Complexity: Challenges to Economic Policy", Bertlesmann Stiftung, 2012.
Matei, A., Cătălina, A., "The New Public Management within the Complexity Model", Procedia - Social and Behavioral Sciences, Volume 109, 8 January 2014, Pages 1125-1129.
Paul Cilliers, "Boundaries, Hierarchies and Networks in Complex Systems", International Journal of Innovation Management, Vol 5, No 2 (June 2001), pp 135-147.
The stagflation of the 1970s and the critique of government policy:
Milton Friedman, "The Role of Monetary Policy", American Economic Review 58, March 1968, pp 1-17.
Friedrich v. Hayek's Use of Knowlege (1945) has been a key text in supporting the idea of markets and the price mechanism in allocating resources.
A brief overview postded on the University of Maryland site by Allan Drazen in 2006: Political business cycles.
A more detailed review by Allan Drazen, "The Political Business Cycle after 25 Years", NBER Macroeconomics Annual 2000, Volume 15.
James M. Buchanan and Gordon Tullock, The Calculus of Consent: Logical Foundations of Constitutional Democracy, (1st edition) University of Michigan, 1962.