This reading course deepens understanding of the history of economic thought, focussing on Karl Polanyi´s main oeuvre and socioeconomic approaches. It offers conceptual and methodological tools to relate economic theories to theories in other disciplines of social science.

After finishing the course, students will be able to

* understand Karl Polanyi´s "The Great Transformation" in its historical context

* relate "The Great Transformation" and related socioeconic approaches to different economic theories and paradigms,

* apply Karl Polanyi´s approach and concepts to problems of socioecological development.

Missing one class (3 hours) is possible without justification. Missing a second class has to be justified. .

This reading course will be based on joint discussion of basic texts of economic thought, especially "The Great Transformation".

* regular oral synthesis of joint readings (10%)

* presentation of joint readings in class (20%)

* commenting of joint readings in class (20%)

* seminar paper relating The Great Transformation (and discussion in class) to the respective doctoral research project (50%)

Grading:

91-100: excellent (1)

75-90: good (2)

60-74:  satisfactory (3)

51-59: sufficient (4)

0-50- not sufficient (5)

None

Via E-Mail: andreas.novy (at) wu.ac.at