Readings

Students are urged to purchase the following books for this class:

[Rand] = Rand, Ayn. The Fountainhead. Plume, 1994. ISBN: 9780452273337.

[Watson] = Watson, James D. The Double Helix: A Personal Account of the Discovery of the Structure of DNA. Touchstone, 2001. ISBN: 9780743216302. [Preview with Google Books]

[Kidder] = Kidder, Tracy. The Soul of a New Machine. Back Bay Books, 2000. ISBN: 9780316491976.

These and other required readings are featured in the table below.

Note: During Week 7, students completed the midterm exam.

Course readings.
WEEK #	TOPICS	READINGS
I. Introduction and Overview
1	The Evolution of the Industrial State	No readings
2	Paradigms in Social Science	Kuhn, Thomas S. "The Route to Normal Science." Chapter 2 in The Structure of Scientific Revolutions: 50th Anniversary Edition. University of Chicago Press, 2012. ISBN: 9780226458120. [Preview with Google Books] ———. "The Nature of Normal Science." Chapter 3 in The Structure of Scientific Revolutions: 50th Anniversary Edition. University of Chicago Press, 2012. ISBN: 9780226458120. [Preview with Google Books] ———. "The Nature and Necessity of Scientific Revolutions." Chapter 9 in The Structure of Scientific Revolutions: 50th Anniversary Edition. University of Chicago Press, 2012. ISBN: 9780226458120. [Preview with Google Books] ———. "Revolutions as Changes of World View." Chapter 10 in The Structure of Scientific Revolutions: 50th Anniversary Edition. University of Chicago Press, 2012. ISBN: 9780226458120. [Preview with Google Books] Friedman, Milton. "Methodology of Positive Economics." In Essays in Positive Economics. University of Chicago Press, 1966. ISBN: 9780226264035. [Preview with Google Books]
II. Liberalism and Neoclassical Economics
2	The Fountainhead. Directed by King Vidor. Black and White, 114 min. 1949.	No readings
3	Discussion of Rand Milton Friedman, Capitalism and Freedom	[Rand] Friedman, Milton. Chapters 1–3, 6, 10, and 12–13 in Capitalism and Freedom: 40th Anniversary Edition. University of Chicago Press, 2002. ISBN: 9780226264219. [Preview with Google Books]
4	Becker Gilder	Becker, Gary S. "The Economic Approach to Human Behavior." Chapter 1 in The Economic Approach to Human Behavior. University of Chicago Press, 1978. ISBN: 9780226041124. [Preview with Google Books] ———. "Altruism, Egoism, and Genetic Fitness: Economics and Sociobiology." Chapter 13 in The Economic Approach to Human Behavior. University of Chicago Press, 1978. ISBN: 9780226041124. Gilder, George. "The Mandate for Capitalism." Part One in Wealth and Poverty: A New Edition for the Twenty-First Century. Regnery Publishing, 2012. ISBN: 9781596988095. [Preview with Google Books]
III. Marxism, Economics and Politics
5	Marxism: The Manifesto Elster	Marx, Karl, and Frederick Engels. "Manifesto of the Communist Party." 1848. anu.edu.au. Marx, Karl. Capital: A Critique of Political Economy. Chapters XIV, and XV, Sections 1, and 2. marxists.org. Elster, Jon. "Marxist Methodology." Chapter 2 in An Introduction to Karl Marx. Cambridge University Press, 1986. ISBN: 9780521338318. [Preview with Google Books] ———. "Marxian Economics." Chapter 4 in An Introduction to Karl Marx. Cambridge University Press, 1986. ISBN: 9780521338318 ———. "Historical Materialism." Chapter 6 in An Introduction to Karl Marx. Cambridge University Press, 1986. ISBN: 9780521338318 ———. "Class Consciousness and Class Struggle." Chapter 7 in An Introduction to Karl Marx. Cambridge University Press, 1986. ISBN: 9780521338318. ———. "Marx's Theory of Politics." Chapter 8 in An Introduction to Karl Marx. Cambridge University Press, 1986. ISBN: 9780521338318.
6	Capital, The Division of Labor and Machinery Bowles and Gintis Foley	Bowles, Samuel, and Herbert Gintis. "The Crisis of Liberal Democratic Capitalism: The Case of the United States." Politics & Society 11, no. 1 (1982): 51–93. Foley, Duncan K. "The Severest Critic." Chapter 3 in Adam's Fallacy: A Guide to Economic Theology. Belknap Press, 2008. ISBN: 9780674027299. [Preview with Google Books]
IV. The Social Embeddedness of the Economy
8	Introduction Weber	Weber, Max. "The Spirit of Capitalism." Chapter 2 in The Protestant Ethic and the Spirit of Capitalism. marxists.org. ———. "Asceticism and the Spirit of Capitalism." Chapter 5 in The Protestant Ethic and the Spirit of Capitalism. marxists.org.
9	Polanyi Schumpeter	Polanyi, Karl. The Great Transformation: The Political and Economic Origins of Our Time. 2nd ed. Beacon Press, 2001, pp. 43–52, 68–76, 130–50, 192–200, 200–19, and 249–58. ISBN: 9780807056431. Schumpeter, Joseph A. "Can Capitalism Survive?" Part II (especially pages 121–63) in Capitalism, Socialism and Democracy. 3rd ed. Harper Perennial Modern Classics, 2008. ISBN: 9780061561610. [Preview with Google Books]
10	Keynes	Keynes, John Maynard. The General Theory of Employment, Interest, and Money. Harcourt, Brace & World, 1965, pp. 3–34, and 245–79. ISBN: 9780156347112. [Preview with Google Books]
V. The Rise and Fall of the Corporate State
10	Galbraith and Solow	Galbraith, John Kenneth. "The Corporation." Chapter 7 in The New Industrial State. Princeton University Press, 2007. ISBN: 9780691131412. [Preview with Google Books] Solow, Robert M. "The New Industrial State or Son of Affluence." The Public Interest, no. 9 (1967): 100–19.
11	Piore and Sabel	Piore, Michael J., and Charles F. Sabel. "Mass Production as Destiny and Blind Decision." Chapter 2 in The Second Industrial Divide: Possibilities for Prosperity. Basic Books, 1986. ISBN: 9780465075614. ———. "The Corporation." Chapter 3 in The Second Industrial Divide: Possibilities for Prosperity. Basic Books, 1986. ISBN: 9780465075614. ———. "Possibilities for Prosperity: International Keynesianism and Flexible Specialization." Chapter 10 in The Second Industrial Divide: Possibilities for Prosperity. Basic Books, 1986. ISBN: 9780465075614.
VI. The Crisis
12-13	The Crisis Davis Lo	Davis, Gerald F. Managed by the Markets: How Finance Re-Shaped America. Oxford University Press, 2009, pp. 1–14, and 235–55. ISBN: 9780199216611. [Preview with Google Books] Dubner, Stephen J. "This is Your Brain on Prosperity: Andrew Lo on Fear, Greed, and Crisis Management." January 9, 2009. freakonomics.com.
VII. Recasting Individualism
13	Thaler and Sunstein DellaVigna	Thaler, Richard H., and Cass R. Sunstein. "Introduction." In Nudge: Improving Decisions About Health, Wealth, and Happiness. Revised and expanded edition. Penguin Books, 2009. ISBN: 9780143115267. [Preview with Google Books] ———. "Biases and Blunders." Chapter 1 in Nudge: Improving Decisions About Health, Wealth, and Happiness. Revised and expanded edition. Penguin Books, 2009. ISBN: 9780143115267. [Preview with Google Books] DellaVigna, Stefano. "Psychology and Economics: Evidence from the Field." Journal of Economic Literature 47, no. 2 (2009): 315–72.
14	Arendt Sacks Lester and Piore	Arendt, Hannah. "Vita Activa and the Human Condition." Chapter 1 in The Human Condition. 2nd ed. University of Chicago Press, 1998. ISBN: 9780226025988. [Preview with Google Books] ———. "The Term Vita Activa." Chapter 2 in The Human Condition. 2nd ed. University of Chicago Press, 1998. ISBN: 9780226025988.[Preview with Google Books] ———. "Eternity Versus Immortality." Chapter 5 in The Human Condition. 2nd ed. University of Chicago Press, 1998. ISBN: 9780226025988. [Preview with Google Books] Sacks, Oliver. Seeing Voices: A Journey into the World of the Deaf. Vintage Books, 2000. ISBN: 9780375704079. Lester, Richard K., and Michael J. Piore. Innovation—The Missing Dimension. Harvard University Press, 2004. ISBN: 9780674019942. [Preview with Google Books]
15	The Soul of A New Machine The Double Helix: A Personal Account of the Discovery of the Structure of DNA	[Watson] [Kidder]

Recommended Readings