This course provides students with an introduction to the study of alternative economic systems. After offering an overview of current fundamental criticisms against capitalism, the first part of the course (weeks 1-5) will focus on the normative underpinnings of the evaluation of economic systems: efficiency, distributive justice, autonomy. The second part of the course (weeks 6-13) will concentrate on several alternative economic systems, providing an analytical and critical view of their fundamental properties. The course grade is defined by a final exam at the end of the semester.
Syllabus - Topic of the week:
1: Introduction: Critiques of Capitalism and Alternatives to Capitalism
12.04., Common Lecture
2: Distributive Justice: Utilitarianism and Rawls
Nozick, Ch. 7
Key concepts from Roemer, Ch. 1, 4 & 5 (slides)
3: Distributive Justice:Equality of Resources vs. Equality of Opportunity