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Modern Political Economy

Summer 2014 EMBA Course

B7762-100: Modern Political Economy

Global Elective Block Week 1 (May 18 - 23) - 08:01PM to 08:01PM

Instructor: Raymond Horton

The purpose of this course is to help you understand, predict, adapt to and shape the evolving world of political economy. If you don’t, others will—and not necessarily to your well being.The structure of the course is as follows. Day one examines the theoretical foundations of modern political economy laid by four grandmasters, Adam Smith, Karl Marx, John Maynard Keynes, and Joseph Schumpeter, each of whom has been widely misunderstood or, worse yet, falsely interpreted by intellectual charlatans. Day one sets the record straight. Days two and three are concerned with the evolution of American political economy. Major topics include the rise and decline of the state-centric and market-centric periods in the post-WWII era, and scenarios for the future ranging from a return to earlier models of political economy to the development of new models. The focus shifts to international political economy in days four and five. The redistribution of global power in the post-WW II period serves as a springboard for predicting the restructuring that lays ahead, particularly involving China and the U.S., and its implications for the provision of international public goods like peace, prosperity, and a sustainable environment.