Dr Tamas Vonyo CMK.C.316 and Dr Debin Ma CMK.C.314

This course is compulsory on the MSc in Political Economy of Late Development. This course is available with permission as an outside option to students on other programmes where regulations permit.

The course provides basic awareness of central themes and key methodological and theoretical issues in economic history; introduces students to important analytic tools used by economic historians, with an emphasis on their practical application in economic history research; and examines major ways in which economic historians collect, analyse and interpret evidence. The training is expected to inform dissertation work. The course covers two main areas. 1) Theory and Research: this section introduces theoretical approaches to major issues in economic history, and considers the practical application in historical analysis of concepts from economics (primarily) and related disciplines. The specific topics evolve but an illustrative list includes: processes of economic growth; economic development; culture and economic behaviour; the rational-choice institutionalist paradigm; imperfect information and incentive structures; modern macro-economic ideas (especially on money and finance); welfare outcomes. 2) Historical Methodology: this section introduces methodological issues in combining social science frameworks with historical materials. It considers problems of knowledge and explanation in economic history, and introduces quantitative and qualitative approaches to obtaining, analysing and interpreting evidence. The classes to follow the lecture will focus on how economic history as a discipline that helps explain the distinct growth trajectories of 'late-developing' countries, inform modern approaches to development policy and practice, and current controversies about obstacles to development.

20 hours of lectures and 10 hours of seminars in the MT.

Two-hour lecture (that is joint with EH401) and a weekly one hour seminar in MT.

Students will produce one written paper (3,000 words) and are expected to collaborate in joint presentations.

Key texts: A. Gerschenkron Economic Backwardness in Historical Perspective (1962); A. Amsden Asia's Next Giant (1989) and Beyond Late Development (2003); H-J Chang (ed.) Rethinking Development Economics (2003); J. Diamond Guns, Germs and Steel: the fates of human societies (2005); S.L Engerman & K.L. Sokoloff Factor Endowments, Inequalities and Paths of Development among New World Economies (2002); C.H. Feinstein An Economic History of South Africa (2005); J. Harris, J.E. Hunter & C.M. Lewis (eds.) The New Institutional Economics and the Third World (1995); A.G. Frank Re-ORIENT: global economy in the Asian age (1997); A. Przeworski Democracy and Development: political institutions and material well-being in the world, 1950-1990 (2000); T. Roy The Economic History of India, 1857-1947 (2000); J. Stiglitz Globalization and its Discontents (2002); M.J. Todaro & S.C. Smith Economic Development (2002). D. North, Institutions, Institutional Change and Economic Performance (1990): A. Greif, Institutions and the Path to the Modern Economy (2006); K. Pomeranz, The Great Divergence: China, Europe and the Making of the Modern World Economy (2000); R. Allen, The British Industrial Revolution in Global Perspective (2009); D Rodrik (Ed), In Search of Prosperity (2003); E. Helpman, The Mystery of Economic Growth (2004); T Rawski (Ed), Economics and the Historian (1996); J. Tosh, The Pursuit of History (2nd Edition, 1991); D. Little, Varieties of Social Explanation (1991).

Exam (100%, duration: 2 hours) in the main exam period.

Survey questions on feedback to students may be non-informative because assessed work comes later in the term than the survey.