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Course Outline
I. PROPERTY RIGHTS.
A. Use, Income, Transfer.
B. Private, State, Communal.
C. Forms of Exclusion.
D. Free Access (Communal Rights) and Value.
II. SOCIALISM IN PRACTICE—the SOVIET-TYPE ECONOMY—and VARIETIES of
SOCIALISM.
A. Eleven Basic Features of STE; Nowadays Interested Mainly in Legacy of STE.
B. Interpretation of STE as Example of State Capitalism and Mercantilism.
C. Extensive vs. Intensive Growth.
D. Varieties of Socialism.
III. MARKET PLANNING or DIRIGISME.
(Japan, Asian NICs as Archtypes).
A. Industrial (or Technology) Policy.
B. Three Kinds of Economic Growth; only one is permanently sustainable.
IV. ROLE OF GOVERNMENT in a MARKET ECONOMY.
A. Social Insurance and Expansion of this Role Since WWII.
B. Two Basic Views of This Expansion.
C. Political Rights and the Political Dimension of an Economic System.
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V. ECONOMIC SYSTEMS of the PAST.
A. The Economic Theory of History. What Forces Cause Property Rights to Change
Over Time?
B. Sampling of Economic Systems of the Past.
VI. THEORIES of CAPITALIST DEVELOPMENT.
A. Marxian Theory.
B. Rise of Inequality in Western Nations.
C. Schumpeter’s Theory.
VII. THE MODERN CHINESE ECONOMY SINCE THE START OF ECONOMIC REFORM.
A. Reasons for China’s Economic Success.
B. China in the World Economy.
C. China at a Crossroads.
VIII. NATIONAL SOCIALISM IN GERMANY.
A. Economic and Political Causes of Hitler’s Rise to Power.
B. Basic Features of the Nazi Economy.
C. The Aftermath of Hitler: Barter, Famine, and the Start of the Economic Miracle.