Economic History

Code:

LGE104

Acronym:

HE

Keywords
Classification	Keyword
OFICIAL	Social Science

Instance: 2006/2007 - 1S

Active?	Yes
Web Page:	http://www.fep.up.pt/disciplinas/LGE104/
Responsible unit:	Grupo de Ciências Sociais
Course/CS Responsible:	Business Administration

Cycles of Study/Courses

Acronym	No. of Students	Study Plan	Curricular Years	Credits UCN	Credits ECTS	Contact hours	Total Time
GES	169	Official Curricular Structure since 2004	1	2		-

Objectives

Students are expected to have a high degree of knowledge and a cogent view of the main characteristics of market economies and their historical development during the last two centuries. Students are also expected to express their views on the main topics of the syllabus in a substantiated, articulated and synthetic way.

Program

The syllabus focuses on the main historical developments of western market economies from the mid-eighteenth century to the late twentieth century. In the first part the main features of a market economy and their historical emergence in western societiesare analysed. Then are discussed the long-term trends of the major market economies are discussed, namely in terms of growth patterns and fluctuations of the economic activity.
In the second part the role of the government in western market economies is analysed, namely the evolution of the economic policy from a liberal framework to a more regulatory one in the second half of the twentieth century.
Finally, in the third part the major transformations that firms underwent during the period considered are analysed, with particular attention to the changes in the patterns of competition, the role of managers, the growth of big business and their internationalisation.

Main Bibliography

Beaud, M., 1992, História do Capitalismo, Lisboa, Editorial Teorema.
Chandler, A.D. 1977, The Visible Hand. The Managerial Revolution in American Business, Cambridge, Harvard University Press.
Heilbroner, Robert & Milberg, William (1998) [1962] The Making of Economic Society, 10th ed., New Jersey, Prentice Hall.
Kenwood, A.G. & Lougheed, A.L (1999) [1971] The Growth of the International Economy 1820-2000, London, George Allen & Unwin.
Keynes, J.M., 1970 [1936], Teoria Geral do Emprego, do Juro e da Moeda, Rio De Janeiro, Editora Fundo de Cultura.
Maddison, A., 1991, Dynamic Forces in Capitalist Development, Oxford, Oxford University Press.
Neale, W., 1957, “The Market in Theory and History”, Trade and Market in the Early Empires, K. Polanyi, C.M.Arensberg & H.W.Pearson (eds.), New York, The Free Press.
Polanyi, K., 1968 [1944], The Great Transformation, Boston, Beacon Press.
Prada, V.V., 1973, História Económica Mundial, vol. II, Oporto, Livraria Civilização Editora.
Smith, A., 1981,1983 [1776], Inquérito sobre a Natureza e as Causas da Riqueza das Nações. 2 vols., Lisbon, Fundação Calouste Gulbenkian.
Stigler, G., 1986, “The Goals of Economic Policy”, The Essence of Stigler, .K.R. Leube & T.G.Moore (eds.), Hoover Institution, Stanford University.
Supple, B., 1977, “O Estado e a Revolução Industrial, 1700-1914”, The Fontana Economic History, vol.3, C. Cipolla (ed.), Fontana/Collins.
Supple, B. (Ed.), (1992) The Rise of Big Business, The International Library of Critical Writings in Business History, Vol. 5, Edward Elgar
Wilkins, M. (ed.), (1991) The Growth of Multinationals, The International Library of Critical Writings in Business History, Vol. 1, Edward Elgar

Teaching methods and learning activities

The classes are based on a lecture style type, with a strong emphasis on student participation. In order to make that participation possible, students are required to keep up with their reading of the bibliography recommended at the beginning of the course. These materials constitute the basis for the discussions in the classes.

Evaluation Type

Distributed evaluation without final exam