Introduction to Political Economy
SUMMER CLASS 2021
Dates: July 5 -30 (4 weeks) Philip Olsson
Mtg. Days: M, T, W
Mtg. Time (Pacific Time): 8:00-8:50 AM
Whatever happened to penny candy? And why are pennies going the way of the Dodo bird? This course will help to answer such questions, while introducing students to what used to be called “political economy.” Grounded in biblical presuppositions and clear-headed analysis, we will explore topics that include an individual’s ranking of economic preferences; different forms of economic exchange (taking what’s called a “[Robinson] Crusoe Economics” approach); questions of money, interest, and savings; and the consequences of various types of government intervention in an economy. The course emphasizes deductive reasoning based on compelling axioms as well as the application of biblical moral principles to matters of property and productivity.
- Richard Maybury, Whatever Happened to Penny Candy: A Fast, Clear, and Fun Explanation of the Economics You Need For Success in Your Career, Business, and Investments;
- Henry Hazlitt, Economics in One Lesson: The Shortest and Surest Way to Understand Basic Economics