Economy and Society Spring 2008 Paul Hancock
ELA 1020

Website: http://www.vermontel.net/~hancockp/

MR: 1-2:15

Dunton 114

Off: Moses 155/ Ph#8324             

 Hours: T 1-3; W 10-Noon

Required Texts:

Charles Sackrey and Geoffrey Schneider. 2005. Introduction to Political Economy. Fourth Edition. 

Antonia Juhasz: 2005. The Bush Agenda: Invading the World One Economy at a Time. 

Nancy Folbre. 2001. Invisible Heart: Economics and Family Values.

 Format: The class will consist of lecture and discussion. Students are required to attend all classes and are responsible for material presented in class as well as the readings. You are expected to have read each assignment prior to the class during which it will be discussed. At the end of each class students will submit a 3”x 5” index card with a question or comment written on it. These questions and comments should address the topic discussed that day.

Course Description: This course is both a survey of the major economic philosophers who make up the history of political economy and a discussion of the application of their ideas to critical questions and issues that confront contemporary market societies. Issues of consumerism, race, class, gender, the consequences of commodification, wage and job discrimination, macroeconomic instability, health care, foreign policy and the public sector will be discussed. On the evening of March 20th the class will facilitate a discussion of Antonia Juhasz's book, The Bush Agenda at Hermit Hill Books in Poultney. Members of the community who have pre-registered and (hopefully) read the book will participate in the discussion of this controversial work. 

Course Objectives

Evaluation

Grades will be based on:                                                                                                                               

  1. Midterm Exam                       30%
  2. Final Exam                             30% 
  3. 1-2 Page papers (approx. 5)    20%                
  4. Comment cards                        5%
  5. Participation (& bkstr talk)      15%

Class Etiquette: A class is not the equivalent of a television program. It is a professional performance staged for the benefit of active participants, and as such, it demands a certain amount of formality from all concerned. This means that you should arrive on time, and not distract the professor or your classmates by coming in after the class has already begun. If you need to use a restroom, eat, or get a can of soda or cup of coffee, do so either before or after class, but do not leave the classroom to do so (exceptions to this general rule, of course, apply in case of illness). Do not read the newspaper or a textbook for another class while you attend mine. Sleeping in class is either a sign of illness or extreme fatigue, in which case you should be in bed; or a gesture of complete indifference, in which case you should not be enrolled in the course.  

Topics and Readings 

Class

Theme

Readings

 R Jan. 24

 Introduction

 

 M Jan. 28

 What is Political Economy?

 Sackrey: Ch. 1

 R Jan. 31 Class Cancelled ~ Attend Focus the Nation Events   

 M Feb. 4

 Adam Smith

 Sackrey: Ch. 2

 R Feb. 7 Karl Marx: A Class Analysis  Sackrey: Ch. 3
 M Feb. 11 Other Class Analyses  Sackrey: Ch. 6

 R Feb. 14

 Exercise: Double Oral Auction

Paper #1 (Marx & Smith) due at beginning of class on Thursday, Feb. 14

 no reading

 M Feb. 18

 Thorsten Veblen and Conspicuous Consumption 

 Sackrey: Ch. 4

R Feb. 21

Veblen ....continued. Exercise: Capitalism between consenting adults

Sackrey: Ch. 4
     
M Feb. 25 The Bush Agenda. A. Juhasz Juhasz: Chapters 1-4
R Feb. 28 The Bush Agenda. A. Juhasz

Handout: Questions to consider for the Juhasz reading.

Facilitation leaders & teams chosen for community discussion. Meet outside of class when you return from the break.

Paper #2 (Sackrey chs 4 & 6)) due at beginning of class

Juhasz:: Chapters 5-9

Spring Break

M R Mar. 10-13 Review for Mid-Term Exam (Sackrey Chs 1-4, 6)
M Mar. 17

Mid-Term Exam

Team preparation for Thursday's community discussion of Juhasz' book

R Mar. 20
  • Team preparation for tonight's Community Book Discussion
  • 7 p.m.- 8:15 Hermit Hill Books' Community Discussion of The Bush Agenda

Easter Break

     
R Mar. 27
  • Who will take care of the children?: The political economy of the family
  • The Job Survey (and discussion)
Folbre: Chs. 1, 2
 Apr. 1-3 Corporate Practices and the Labor Market Folbre: Ch. 8; Sackrey: 204-211
 Apr. 7-14
  • Monopoly Capital and the Money Mandarins: Who Rules the Corporation?
  • John K. Galbraith and the Theory of Social Balance

Paper #3 due at beginning of class on Mon. April 7th

Sackrey: 185-204, Ch. 7
R Apr. 17 Should markets determine who gets educated? Folbre, Ch. 6
Apr. 21-24 What should government do?: Protecting the family

Paper #4 due at beginning of class on Monday, April 21st

Folbre, Chs. 4,5
Apr. 28-May 1
  • John Keynes and Macroeconomics
  • Alternative Social and Economic Systems
Folbre, Ch. 9; Sackrey: Chs. 5, 9
M May 5 Clear up loose ends and prepare for final exam

Paper #5 due at beginning of class on Mon. May 5

Final Exam