ECON 191 Economic Thought of Nobel Prize Winners
| ECON 191 (Spring 2024) |
Understanding the Socratic Seminar Format
Prize Winners' Lectures, Biographies, and Supplemental Reading
Main Nobel Laureate Website
Week 1: Introduction
Week 2: Micro Foundations
Week 3: Nonmarket Behavior
Week 4: Information
Week 5: Labor Markets
Week 6: Game Theory
Week 7: Macro Foundations
Week 8: Phillips Curve Debate
Week 9: Growth Theory
Week 10: International Trade
Week 12: Political Economy
Week 13: Development
Week 14: Institutional
Week 15: Experimental
Week 16: Missing Giants
Week 1: Introduction
Week 2: Micro Foundations
- Kenneth J. Arrow (1972)
- Arrow, Kenneth J. "Uncertainty and the Welfare Economics of Medical Care." The American Economic Review, 53(5), 1963, pp. 941-973.
- John R. Hicks (1972)
Week 3: Nonmarket Behavior
- Ronald H. Coase (1991)
- Coase, Ronald. "The Nature of the Firm." Economica, 4(16), 1937, pp. 386-405.
- Gary Becker (1992)
Week 4: Information
- George J. Stigler (1982)
- George Akerlof (2001)
- Akerlof, George A. "The Market for 'Lemons': Quality Uncertainty and the Market Mechanism." The Quarterly Journal of Economics, 84(3), 1970, pp. 488-500.
Week 5: Labor Markets
Week 6: Game Theory
Week 7: Macro Foundations
Week 8: Phillips Curve Debate
Week 9: Growth Theory
Week 10: International Trade
Week 12: Political Economy
- Friedrich von Hayek (1974)
- Hayek, F.A. "The Use of Knowledge in Society." The American Economic Review, 35(4), 1945, pp. 519-530.
- James M. Buchanan, Jr. (1986)
Week 13: Development
Week 14: Institutional
Week 15: Experimental
Week 16: Missing Giants
- Linda Datcher Loury
- Loury, Linda Datcher. "Some Contacts Are More Equal Than Others: Informal Networks, Job Tenure, and Wages." Journal of Labor Economics, 24(2), 2006.
- Joan Robinson
- Robinson, Joan. "The Production Function and the Theory of Capital." The Review of Economic Studies, 21(2), 1953, pp. 81-106. [SJSU Library TBD]
Optional: Explanatory Videos
Instructor's Note: I may add articles to this page over the course of the semester. I will notify users that content has changed and will also mention the update in class.
Week 2: Micro Foundations
Week 6: Game Theory
Week 7: Phillips Curve Debate
Week 14: Institutional
Week 2: Micro Foundations
- Allais Paradox (optional)
- Hicksian Demand (optional)
- Arrow's Impossibility Theorem (optional)
Week 6: Game Theory
- Bayes' Theorem
- Schelling Point: Cooperating Without Communicating
- Game Theory 101: Focal Points (YouTube)
Week 7: Phillips Curve Debate
- The Phillips Curve may be broken for good (The Economist)
- Why does low unemployment no longer lift inflation? (The Economist)
Week 14: Institutional