ECO 3132 University of Ottawa History of Economic Thought Paper
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1. Chartalist versus Metalist Views of Money in the Middle Ages: Saint Thomas Aquinas versus Nicolas
Oresme
2. Concepts of the Net Product or Surplus-Value: François Quesnay versus Karl Marx
3. Adam Smiths Cost of Production Theory of Value versus David Ricardos Labour Theory of Value
4. Contrasting Classical Conceptions of Money: The Currency versus the Banking School
5. The Thomas R. Malthus/David Ricardo Iron Law of Wages versus Karl Marxs Tendency towards a
Minimum Subsistence Wage
6. Opposing Theories of Micro Pricing: Marginalists (such as William Stanley Jevons) versus the
Institutionalists (such as Gardiner C. Means)
7. Competing Theories of Aggregate Price Formation and Central Banking Policy: Irving Fisher versus Knut
Wicksell
8. Underconsumption versus Overinvestment Theories of Cyclical Crises: John A. Hobson versus Friedrich
A. von Hayek
9.Alternative Explanations of Cyclical Unemployment: Karl Marx versus John Maynard Keynes
10.Public Deficit Spending in the Macro-Economy, Is It Stabilizing or Destabilizing? John Maynard Keynes
versus Friedrich A. von Hayek/Milton Friedman