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Western Economic Values and Alternative Models
The seminar will meet regularly, unless otherwise shown, at 4.30 p.m. on Wednesdays in Marx Hall, 101. The first (introductory) meeting of the semester is on September 16th, 1997.
Seminar Topic Outline
The seminar will meet regularly on a weekly basis for a year, usually between 4.30 and 7.00 p.m. on Wednesdays, with some longer sessions to accommodate clusters of visiting speakers. Weekly seminar sessions will revolve around the scheduled readin gs, an introduction by a Princeton University participant, and a presentation by a guest speaker.
1. Introduction and Planning Session. September 17 and 24, 1997
2. The New Orthodoxy: The Opening of Trade. October 1 and 8, 1997 (October 1: Presentation by Michael Bordo, Rutgers)
Readings:
Jagdish Bhagwati, Anatomy and Consequences of Exchange Control Regimes (NBER, 1978)
Jagdish Bhagwati, The World Trading System at Risk (Harvester Wheatsheaf, 1991)
Anne O. Krueger, Political Economy of Reform in Developing Countries (MIT Press, 1993)
Douglas A. Irwin, Against the Tide: An Intellectual History of Free Trade (Princeton UP, 1996)
3. The Critique: An Ethical Perspective. October 15, 1997
Readings:
Amartya Sen, On Ethics and Economics (Basil Blackwell, 1987).
Roberto Unger, Social Theory, its Situation and its Task (California University Press, 1987).
4. The New Orthodoxy: Privatization. October 21, 1997 (TUESDAY!) Presentation by Deepak Lal, UCLA
Readings:
Oliver Letwin, Privatizing the World: A Study of International Privatization in Theory and Practice (Cassel, 1988).
Deepak Lal, The Poverty of Development Economics (Institute of Economic Affairs, 1983).
5. The New Orthodoxy: The Role of International Institutions and the International Community. November 5, 1997 Presentation by Manuel Guitian, International Monetary Fund
Readings:
Bretton Woods Commission, Bretton Woods: Looking to the Future (1994).
Doug Bandow and Ian Vasquez, Perpetuating Poverty: The World Bank, the IMF, and the Developing World (Cato Institute, 1994).
Susan George and Fabrizio Sabelli, Faith and Credit: The World Bank's Secular Empire (Penguin, 1994).
Manuel Guitián, Rules and Discretion in International Economic Policy (IMF Occasional Paper 97, 1992)
6. The New Orthodoxy: The Political Independence of Central Banks and Monetary Policy. November 6, 1997 (Thursday), Presentation by Randall Henning, Institute for International Economics
Readings:
Gianni Toniolo (ed.) Central Banks' Independence in Historical Perspective (de Gruyter, 1988).
Otmar Issing, Central Bank Independence and Monetary Stability (Institute for Economic Affairs, 1993).
7. The Critique: An Islamic Perspective (2 weeks). November 19 and November 26, 1997: Presentations by Timur Kuran, USC, and Syed Nawab Haider Naquvi, Institute for Development Research, Islamabad
Readings:
Kurshid Ahmad, Social Justice in Islam (Lahore Institute of Islamic Culture, 1975).
M. Umer Chapra, Islam and the Economic Challenge (Islamic Foundation, 1992 ).
Syed Nawab Haider Naqvi, Islam, Economics, and Society (Kegan Paul, 1994).
Alan Richards and John Waterbury, A Political Economy of the Middle East (Westview, 1996).
8. The Critique: A Continental European Model. December 10, 1997: Presentation by Jacques Attali
Readings:
Jean-Jacques Servan-Schreiber, The American Challenge (Atheneum, 1968).
Jacques Attali, Europe (Fayard, 1994).
Will Hutton, The State We're In (Jonathan Cape, 1995).
George Herrigel, Industrial Constructions: The Sources of German Industrial Power (California University Press, 1996).
9. The Critique: A Japanese and East Asian Perspective. February 11, 1998: Presentation by Hiroya Tanigawa, MITI
Readings:
Robert Wade, Governing the Market: Economic Theory and the Role of Government in East Asian Industrialization (Princeton University Press, 1990).
Fusae Ota, Hiroya Tanigawa, Tasuke Otani, Russia's Economic Reform and Japan's Industrial Policy (MITI, 1992).
Edward J. Lincoln, Japan's Economic Role in Northeast Asia (1987).
James Fallows, Looking at the Sun (Pantheon, 1994).
10. Poverty: The International Dimension. February 18, 1998: Presentation by Inge Kaul, UNDP
Readings:
World Bank, World Development Report 1990: Poverty (1990).
World Bank, Implementing the World Bank's Strategy to Reduce Poverty: Progress and Challenges (1993).
Mahbub ul Haq and Inge Kaul, The Tobin Tax: Coping with Financial Volatility (Oxford University Press, 1996).
Deepak Lal and H. Myint, The Political Economy of Poverty, Equity and Growth: A Comparative Study (Oxford University Press, 1996).
Partha Dasgupta, An Inquiry in Well-Being and Destitution (Oxford University Press, 1993).
Amatya Sen, On Economic Inequality (Oxford University Press, 1973).
Carol Graham, Safety Nets, Politics and the Poor (Brookings, 1994).
11. The New Orthodoxy: Fiscal Stabilization and its Problems. February 25, 1998: Presentation by John Williamson, World Bank
Readings:
John Williamson, The Political Economy of Policy Reform (Institute of International Economics, 1994).
François Bourguignon and Christian Morrisson, Adjustment and Equity in Developing Economies (OECD, 1992).
Stephan Haggard, Developing Countries and the Politics of Global Integration (Brookings, 1995).
12. The Critique: A Christian Perspective (2 weeks). March 11, 1998: Presentation by Canon Revd. Dr. Edward Norman, York Cathedral
Readings:
Jacques Le Goff, Time, Work and Culture in the Middle Ages (University of Chicago Press, 1980).
Jozef Tischner, Marxism and Christianity: The Quarrel and the Dialogue (Georgetown University Press, 1987).
Leonard Boff, When Theology Listens to the Poor (Harper and Row, 1988).
Michael Zweig (ed.), Religion and Economic Justice (Temple University Press, 1991).
Bartolomé de Las Casas, A Short Account of the Destruction of the Indies (Penguin, 1982).
Gustavo Gutiérrez, Las Casas: In Search of the Poor of Jesus Christ (Orbis Books, 1993)
Michael Novak, The Spirit of Democratic Capitalism (Madison Books, 1991).
13. The Possibility of a "Third Way" between Capitalism and Socialism , and Case Study of Poland. March 25, 1998: Presentations and Discussions by Jerzy Osiatynski and Leszek Balcerowicz, former Polish Ministers of Finance
Readings:
Jeffrey D. Sachs, Poland's Jump to the Market Economy (MIT Press, 1993).
Adam Przezorski, `The Neo-Liberal Fallacy,' Journal of Democracy 3/3 (1992), 45-57.
Michal Kalecki (ed. Jerzy Osiatynski), Socialism: Economic Growth and Efficiency of Investment (Oxford University Press, 1993).
Adam Przezorski, Capitalism and Social Democracy (California University Press, 1985).
Gosta Esping-Anderson, Politics against Markets: The Social Democratic Road to Power (Princeton University Press, 1985).
14. The Christian Critique (continued). April 8 1998: Presentation by Max Torres, University of Barcelona
15. The Critique: Banks and "Organized Capitalism" in Continental Europe and Japan. April 15, 1998: Presentation by Professor Helmut Schlesinger, former President of Deutsche Bundesbank
Readings:
Alexander Gerschenkron, Economic Backwardness in Historical Perspective (Harvard University
Press, 1962).
Jeremy Edwards and Klaus Fischer, Banks, Finance and Investment in Germany (California University Press, 1994).
Lothar Gall et. al., The Deutsche Bank 1870-1995 (Weidenfeld and Nicolson, 1995).
Norio Tanaki, Japanese Banking: A History 1859-1959 (California University Press, 1995).
16. Case Study: India. April 22, 1998
Readings:
Priyatosh Maitra, The Globalization of Capitalism in Third World Countries (Praeger, 1995).
Ajai Chapra, India, Economic Reform and Growth (IMF, 1995).
Deepak Nayyar (ed.) Industrial Growth and Stagnation: The Debate in India (Oxford University Press, 1994).
Jagdish Bhagwati, India in Transition: Freeing the Economy (Oxford University Press, 1993).
18. Case Study: Russia. April 29, 1998
Readings:
Anders Aslund (ed.), Economic Transformation in Russia (Pinter Publishers, 1994).
Yegor Gaidar and Karl Otto Pöhl, Russian Reform, International Money (MIT Press, 1995).
Lance Taylor, `The Market Met its Match: Lessons for the Future from the Transition's Initial Years,' Journal of Comparative Economics, 19/1 (1994), 64-87.
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http://www.princeton.edu/~hjames/pucourse/his555/syllabus.shtml |