The Penn Initiative for the Study of Markets at the University of Pennsylvania offers an online course that explores the foundational thinkers in economics, tracing the evolution of economic thought from medieval philosophy to influential theories of the 20th century. The idea behind selecting economists was to focus on individuals who represent key periods in the history of economic thought and whose work transcended the discipline, leaving a lasting impact on social sciences, political philosophy, and policymaking. The course not only delves into the major theories of these economists but also examines their intellectual biographies, emphasizing the historical, social, and political contexts in which their ideas emerged. The objective is for students to understand the thinkers’ contributions and how their theories influenced—and were influenced by—the world around them.
This course is designed for a wide audience, including undergraduate and graduate students interested in the evolution of economic thought and its societal implications, as well as PhD researchers seeking a deeper understanding of the historical context behind key economic theories and their impact on the social sciences. It also offers valuable insights for professionals in economic policy and applied economics by examining the foundational ideas that have shaped modern policies. Additionally, the course welcomes intellectually curious individuals from all backgrounds who are eager to explore the historical development of economic ideas through the intellectual biographies of influential economists.
This is an open access course. All lectures and sessions will take place via zoom. All interested to participate need to register by the day the classes commence.
All the main and supplementary lectures will take place on Tuesdays and Thursdays at 11.30-13.00 (EDT).
No, there is no coursework involved. We expect you to attend and take advantage of the opportunity to ask questions at the end of each session to experts on the topics.
You need to register. The links to the live lectures will be sent once you have registered for the course.
We recommend that those registered will attend all lectures; however, they are free to attend the sessions as they please. We look forward to a discussion and encourage active participation.
Yes, all lectures will be recorded and uploaded to our website and our youtube channel.