Besides Kenneth Boulding's 1971 HOPE article, Mark Blaug's 2001 Journal
of Economic Perspectives piece, "No History of Ideas, Please, We're
Economists," is also very helpful, I think, in persuading people of the
usefulness of a course in the history of economic thought.
Sometimes, one is better able to deal with problems in current economics
by reading the past originals, I have found. My examples would include
(a) the notion that there is a paradox of thrift, (b) the alleged
neutrality of money in the short run, (c) that we can represent the
classicals by a vertical aggregate supply curve, (d) that we can
represent modern money (M1, M2, etc) by a vertical supply curve (with
respect to the rate of interest), and (e) that there is such a thing as
autonomous government, business, or consumer spending (in a closed
economy) that drives a meaningful expenditure multiplier.
James Ahiakpor
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