Bart's World @ Chapman University
During Interterm 2017, Keith Hankins and I are co-teaching an upper-division course entitled, "Humanomics: Adam Smith and the Morality of Markets."
Originally rooted in moral philosophy, economics began as the study of political economy in the 18th century, the study of how polities create wealth. The foundation of this inquiry was the simple observation that humans have the unique propensity to truck, barter, and exchange one thing for another. Springing as it did from moral philosophy, classical political economy was never an amoral endeavor. Adam Smith’s first requirement of a theory of economics was that it should fit the facts, but if the foundation of the inquiry are observations on what humans do, then moral evaluations of how humans go about doing what we do are just as critical as other facts. And so it was that the same brilliant mind that authored the Wealth of Nations also spent his career working and reworking The Theory of Moral Sentiments. The aim of this course is to reintegrate ethics with economics, as was the case in the 18th century, by dialogically exploring Adam Smith’s two great texts.
Jan Osborn and I co-taught an upper-division course during Interterm 2016. Crosslisted in Economics and English, the course is entitled, "Humanomics: Knowledge, Satire, and the Facts and Values of Economics."
This course dialogically explores Jonathan Swift’s classic Gulliver’s Travels and Michael Polanyi’s Personal Knowledge to shape and reshape the basic principles of microeconomics. By presenting Gulliver’s “plain facts” of economics, which are not “so studious of ornament as truth,” economists have done what Polanyi rejects, a severing of fact from value, economic science from humanity. Our project is to reintegrate the personal involvement of the knower into our understanding of economics by juxtaposing Swift’s biting satire on the depravity of the human animal with Polanyi’s affirmation of humankind’s passionate commitment to discovery. In short, the course develops a fiduciary approach to presenting the principles of economics.
During Interterm 2015, Jan Osborn and I co-taught an upper-division course entitled, "Humanomics: Liberty, Economics, and the Knowledge of Good and Evil."
To be human is to know good and evil. To be human is not to be an angel but to have the liberty to decide. To be human is to be limited, to face trade-offs. This course dialogically explores John Milton’s epic Paradise Lost and Thomas Sowell’s Knowledge and Decisions to shape one of the most fundamental questions of economics outside the Garden of Eden—not what must be decided but who shall decide. How do we apply the knowledge of good and evil in a society of strangers? Do we praise or blame the individual free to choose? Or the results of an economic order incomprehensible to any one mind? "The world [is] all before [us], where to choose."
For Fall 2014, I co-taught a Freshman Foundation Course entitled, "Humanomics: Exchange and the Human Condition", with Jan Osborn from the English Department.
The three guiding questions of the semesters are: What makes a rich nation rich? What makes a good person good? And what do these questions have to do with one another? While exploring these and other questions about markets and ethics, students will challenge the perception of economics as distinct from the humanities. This course combines an economic inquiry into the human propensity to exchange with the cultural interpretation of the human condition in novels, short stories, poems, and films. The instructional methods include Socratic roundtable discussions of the texts, laboratory experiments, journaling, focused free writes, and four expository papers/short stories.
In Fall 2014, Vernon Smith and I co-taught "Spontaneous Order and the Law" for the Fowler School of Law. This course shows how experimental economics can be used to understand how spontaneous, self-generating orders emerge (out of apparent chaos) in law and economics. This course uses a combination of hands-on learning in laboratory experiments and Socratic roundtable discussions of readings.
Students who take this course will learn how rules of law emerge to undergird exchange. Our guiding texts will be R. Ellickson’s Order without Law, P. Stein's, Legal Evolution: The Story of an Idea, and F.A. Hayek’s Rules and Order and The Fatal Conceit.
During Interterm 2014, Jan Osborn and I co-taught an upper-division course entitled, "Humanomics: Ethics in Economic Growth and Economic Growth in Ethics," which was cross-listed in Economics and English.
This course engages students in analyzing and synthesizing, via literature, history, and film, the exponential economic growth of the last two-hundred years—the “Great Fact”—by exploring retail commercialism in its nascence and the new ethics of bourgeois dignity and liberty that not only make the Great Fact possible but also further embourgeoisfy and open society. How can this economic growth be relentless but principled, destructive but creative? Has the Great Fact been narrowly exploitative or broadly prosperitive? We consider literary works and economic theory as co-constitutive social texts that have historically both helped produce the complex structure of bourgeois ethics.
Davies, Andrew. Mr. Selfridge. Masterpiece Theatre. PBS. Television.
Hayek, F.A. 1961. “The Non Sequitur of the ‘Dependence Effect’,” Southern Economic Journal 27(4): 346-348.
McCloskey, Deirdre N. Bourgeois Dignity: Why Economics Can’t Explain the Modern World. Chicago: University of Chicago Press, 2011.
Stephenson, Neal. Snow Crash. New York: Bantam Books, 1992.
Zola, Emile. The Ladies’ Paradise. Brian Nelson, Trans. New York: Oxford University Press, 1874/1995.
At the request of our students, Vernon and I in the spring 2013 semester co-taught an advanced seminar on "Spontaneous Order and the Law II". Our focus will be on law as the evolution of abstract rules governing human conduct. Our primary texts will be Hayek’s The Mirage of Social Justice, Peter Stein’s Legal Evolution: The Story of an Idea, and Adam Smith’s Lectures on Jurisprudence, and for a modern application to economics we will read James Surowiecki’s The Wisdom of Crowds.
In Spring 2013, I taught a new honors course (HON 340) entitled, "Social Justice: Mirage or Oasis". This course attempts to clarify our understanding of the pervasive and yet obscure concept of social justice in the modern world. F.A. Hayek contends that the concept, despite well-meaning intentions, is meaningless, incoherent, and harmful to the prosperity of a free society. David Miller argues that when considered contextually the principles of desert, need, and equality can be used to delineate a theory of social justice as a viable political ideal.
The course begins by asking what are the origins of liberty and justice in human development. Is justice a rational ideal, an instinct, or a moral tradition? What makes a civilization of strangers possible and what roles do justice and liberty play in the development of trade and a prosperous civilization? Then we will explore critiques of a world of trade and how these criticisms are rooted in a newer notion of justice. Through the lens of this broad perspective of human history, the course will explore the philosophical and jurisprudential foundations of social justice. Is social justice a relief for economic distress or an illusionary cure for a misidentified economic disorder?
I have also co-taught with Vernon Smith a section of HON 357 for the Honors Program. The course entitled, "Foundations of Economic Exchange", is crosslisted as ECON 420 in the Argyros School of Business and Economics.
the perspectives of two forms of rational orders,
constructivist and ecological, the course studies
economic exchange and its implications for economic
policy. We examine the extent to which reason and
the deliberate action of a constructivist order and the undesigned principles of norms and traditions in an
ecological order can inform our understanding of
impersonal exchange in markets and personal social
exchange with friends, neighbors, and family. On the
topic of impersonal exchange, the course covers such
issues as international trade and a
stock market for predicting presidential elections. In
juxtaposition to the observed self-interested behavior
in markets, we also study the pervasive cooperation
that people simultaneously exhibit in social settings
and how it is supported by the biological and cultural
evolution of the mind.
This site was last updated 11/27/16.