THE POLITICAL ECONOMY OF
CEU, Economics Department
Course: 2 credit
Nationalism is a political doctrine according
to which political communities should coincide
with ethnic groups. Nation-states have characterised the emergence of the modern capitalist
economies and the development of markets but many of their traditional economic powers
cannot survive in a "global" economy.
Aim of the Course
The purpose of this course is to consider the following questions:
- What has been the nature of the relation
between the emergence of Nation States and the
development of markets?
- Which public goods do Nation States provide?
Are there alternative institutions that can
- How can rational choosers be some times
so nationalistic? Can standard economic theory
explain nationalism? Does evolutionary economics give a better explanation of nationalism?
Are phenomena like Nationalism telling us something on human nature that is fundamentally
different from Homo Oeconomicus?
- Are "global" markets really decreasing
the degree of cultural and institutional diversity? Do
nationalism and nation-states have a future? Are the National Economies increasingly
standardized by Global Rights such as those concerning Intellectual Property or the different
Nations may even increase their economic diversity on the basis of the principle of "Comparative
1) Market economies, nation-states and the principles of the division of labour.
2) Positional goods, public goods, rent-seeking: explanations of the size of nations.
3) Agrarian societies, industrial societies and the emergence of nationalism.
4) Cultural standardisation and social protection.
5) Rational choice vs. emotions: evolutionary
biology and the economic assumptions on human
6) Evolutionary economic theories and nationalism
7) Globalisation: crisis of the nation-states and attenuation nationalistic feelings?
8) Globalization fostering economic diversity: the theory of comparative institutional advantage.
9) WTO and TRIPS: towards a new model of
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