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Course Syllabi

In this section I have included the syllabi of the four courses that have lately constituted my teaching schedule at NUI Galway.

History of Economic Thought

Dr Terrence McDonough
St. Anthony's Rm. 221 Ext. 3164


History of Economic Thought: A Critical Introduction E. K. Hunt

History of Economic Thought I.I. Rubin


There will be a midterm exam worth 40%.

Final exam 60%.


Week 1 Sept. 8th First Lecture.


Pre-capitalist Economic Theory

Greece and Rome

Oeconomica Aristotle Book 1

View in Google Books >


Summa Theologica St. Thomas Acquinas Book 2 question 77

View online >

View details online >


England's Treasure by Forraign Trade Thomas Mun Chap 2-4

Text available in this online archive >

Scanned book available online >

Rubin pp.17-57

The Advent of Industrial Capitalism


Tableau Economique Francois Quesnay (consult both internet sources)

Available in this online archive >

Rubin pp.89-150

Establishment Perspectives

Adam Smith

Wealth of Nations Bk I Ch. 1, 2, 3, 7, 10(pt. I) Bk. II Ch. 1, 3, 5 Bk. III Ch. 1

Available online >

Text available in this online archive >

Rubin pp. 151-218


An Essay on the Influence of a Low Price of Corn on the Profits of Stock David Ricardo

Text available in this online archive >

Available online in pdf form >

Rubin pp. 219-287


Introduction to the Principles of Morals and Legislation Jeremy Bentham Chs. 1, 4

Available online >

Available online in pdf form >

Hunt pp.126-135

A Dissenting Perspective


Communist Manifesto Parts I, II, IV

View online >

Value Price and Profit

View pamphlet 'Wage Labour and Capital' online >

Hunt pp.204-247

The Response to Monopoly Capital

Neoclassical Economics

Brief Account of a General Mathematical Theory of Economics W.S. Jevons

Available online >

Text available online >

Hunt pp.248-315

Marxist Theory of Imperialism

Imperialism, The Highest Stage of Capitalism V.I Lenin Ch. 1-8, 10

View pamphlet text online >

Hunt pp.348-371

Institutional Economics

The Limitations of Marginal Utility Thorstein Veblen

Text available online >

Text available online >

Hunt pp.316-347

The Response to the Great Depression


"The General Theory of Employment", Quarterly Journal of Economics Vol.51, No. 2 Feb. 1937 Sections II, III

Available online >

Hunt pp.400-427

The Response to Keynes

Marx and Keynes

Monopoly Capital, Paul A. Baran and Paul M. Sweezy, Chapter 3.

"Monopoly Capital and the New Globalization", John Bellamy Foster, Monthly Review, January, 2002.

View article online >

Hunt pp. 627-623

Bastard Keynesianism

Macroeconomics, Roger Leroy Miller and Robert Pulsinelli, pp.174-208.

"Mr. Keynes and the 'Classics'; A Suggested Interpretation", J. Hicks Econometrica, Vol. 5, No. 2. (Apr., 1937), pp. 147-159.

Available online >

The Cambridge Economists

"The Law of Returns under Competitive Conditions", Piero Sraffa, Economic Journal, December, 1926

Available online >

Hunt pp. 428-445

The Response to the Great Stagflation

Monetarism and Rational Expectations

Macroeconomics, Roger Leroy Miller and Robert Pulsinelli, pp.371-409

"Nobel Lecture: Inflation and Unemployment", Milton Friedman, Journal of Political Economy, Vol. 85, 1977.

Available online >


Macroeconomics, Roger Leroy Miller and Robert Pulsinelli, pp.409-419

"Post Keynesian Economics", Paul Davidson, in The Crisis in Economic Theory, edited by Daniel Bell and Irving Kristol

The Marxist Theory of Capitalist Stages

The Enigma of Globalisation by Robert Went, Chapter 5

"Long Swings and Stages of Capitalism", David Gordon, Richard Edwards and Michael Reich in Social Structures of Accumulation: The Political Economy of Growth and Crisis, edited by David Kotz, Terrence McDonough and Michael Reich.

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