Syllabus For The Subject ECONOMIC THOUGHT

UNIT - 01

NATURE AND SIGNIFICATION OF ECONOMIC THOUGHT - CLASSICAL THOUGHT -

MERCANTILISM - PHYSIOCRATES - LAISSEZ - FAIRE

UNIT - 02

ADAM SMITH - BASIC PRINCIPLES - THOUGHTS ON FREE TRADE AND CAPITALISM

UNIT - 03

DAVID RICARDO - PRINCIPLES OF ECONOMICS - NEO-CLASSICAL THOUGHT

UNIT - 04

ROBERT MALTHUS - THEORY OF POPULATION

UNIT - 05

J.S. MILL - PRINCIPLES OF LIBERAL ECONOMIC SYSTEM - UTILITARIANISM

UNIT - 06

GERMAN HISTORICAL SCHOOL - BRITISH HISTORICAL SCHOOL

UNIT - 07

STATE SOCIALISM - FABIANISM

UNIT - 08

SYNDICALISM - GUILD SOCIALISM

UNIT - 09

KARL MARX - THEORY OF SURPLUS VALUE - EXPLOITATION OF LABOUR - CLASS WAR

UNIT - 10

ALFRED MARSHALL - NEO-CLASSICAL THOUGHT

UNIT - 11

J.M. KEYNES - THEORY OF FULL EMPLOYMENT

UNIT - 12

A.C. PIGOU - WELFARE ECONOMICS