What is the difference between 19th and 20th century liberalism? Why was it necessary to call the 20th century economic trend "neo-liberalism"? Is Maynard Keynes's theory indeed social-democratic and what does it actually mean? How does Ayn Rand's theories fit into American culture and how did they affect it? How did Mont Plarin Society shape the world economy of the late 20th and early 21st  century?

During the course we will answer these questions and many others. We will focus on the central thinkers of economic thought that were active in the last century and in our time.

The course will have few anchor points. The starting point will be the thought of the marginal revolution in economy that took place in the late 19th century and the currents of thought born out of it in the 20th century. We will examine the place of Maynard Keynes' economic thought and its effects on state-market relation. Then we will review the various oppositions to this policy, such as neo-liberalism, the Chicago School, Objectivism, the Washington Consensus. In the final part of the course we will discuss the economic thought of the 21st century, which was born in the age of unlimited globalization and of the economic crises of recent decades.