48
Economic History
UNIVERSITÀ DEGLI STUDI DI NAPOLI "L'ORIENTALE"
Overview
Date/time interval
Syllabus
Course Objectives
EXPECTED LEARNING RESULTS. This class aims at providing a historical reconstruction of the relationships among the main dynamics that featured the process of international economic integration in goods, capital and manpower on the one side and the historical cycles of capitalist developments since the start of industrial growth through the rise of financial capitalism in the twentieth century. First the class provides a snapshot about the early steps in global economic history during the modern age to better understand how the Mediterranean region played a different role in the modern age compared to the contemporary global economy. The aim is to understand how the global economy changed all together in the context of Twentieth Century global capitalism under the hegemony of the United States of America. A monographic section will be devoted to the relationship between the history of the global economy and that of international monetary relations. It is expected that by the end of the course students be able to know and elaborate about such topics.
FURTHER EXPECTED LEARNING RESULTS. It is expected that students be able to gain historical instruments to formulate original ideas and concepts, of potential complexity. This is in the aim of using historical knowledge in economic history as a tool to get involved in working environments after entering the public or private labor market pertaining to intercultural activities, with specific reference to cultural mediation in different social contexts. Communication skills: capacity to interact with both a specialized and a general audience to communicate the results of their studies and their research. Capability by students to let their audience understand the methodology in historical research used by students in their learning and research activities such as for instance the essays prepared during the class. The seminars offered by external experts are thought to boost such skills as well as to enhance the students' skills in entertaining a dialogue with experts and non experts in their field. Learning capabilities: full capability to understand the process of historical economic development with specific reference to the role of international monetary relations in global capitalist development. Furthermore, it is expected that students have a final good command regarding the most important global economic and financial crises that affected the rise and decline of the US economy to global economic leadership, developing at the same time independent analytical capabilities and autonomous learning skills useful for further studies and research.
Course Prerequisites
no preprequisites. A bunch of introductory materials can be browsed on Moodle online platform set up at this address: https://elearning.unior.it/course/view.php?id=4018 – password: MLC_prerequisiti
Teaching Methods
upfront lessons, in class discussion of secondary literature texts and/or primary sources; drafting and discussion of a written essay on a topic selected from the monographic section in accordance with the instructor.
upfront lessons: 36 hours; seminars, mid-term or end-term discussion of primary sources, secondary sources or the drafting of an essay : 6 hours; seminars offered by external experts: 6 hours
Assessment Methods
attendees: oral exam on the institutional and monographic sections or in class discussion of an essay based on the topic of the monographic section and/or a combination of the monographic section and the texts listed in "other information". In case students write and discuss an essay the final oral exam will focus only on the institutional section
non attendees: n. 4 questions on the entire program including the institutional and monographic sections, for which they prepare one of the two texts on the list at their own choice.
EVALUATION CRITERIA
Acquisition of methodological tools to formulate historical interpretations: this objective will be targeted by drafting the historical essay or by in-class exploration of historical texts; acquisition of a set of historical expressions and an appropriate general scientific vocabulary; acquisition of essential tools for conducting historical research in economic history on global issues, included a capability to study and interpret primary sources; ability to establish correlations and linkages between this discipline and the other social sciences offered in the framework of the Master Degree in "Lingue e Comunicazione Interculturale in Area Euromediterranea"
Texts
reading list for both attendees and non attendees:
Institutional section:
Jeffry Frieden, Global Capitalism. Its fall and Rise in the Twentieth Century. Norton, New York, 2006, chapters. 1-3, 5-8, 11-13, 15-16
Chris Meissner, One From the Many. The Global Economy since 1850. Oxford:Oxford University Press, 2024, Chapters. 3-4-5-6 e 13 only pp. 230-248, 14
Giovanni Arrighi, The Long Twentieth Century. Money, Power and the Origins of our Time. London:Verso, 1996 (Ed. it.:Il lungo Ventesimo secolo. Denaro, potere, e le origini del nostro tempo. Milano, Il Saggiatore, 1996), introduction and chapter 1.
Institutional section is the same for both attendees and non attendees
monographic section
chapters from B.Eichengreen, Globalizing Capital, A History of the International Monetary System. Princeton, NJ: Princeton University Press 2008, ed. it.: B.Eichengreen, La globalizzazione del capitale. Storia del sistema monetario internazionale, varie edizioni
chapters from H. James, The Creation and Destruction of Value: The Globalization Cycle. Cambridge, MA: Harvard University Press, 2012
for the monographic section attendees work only on Eichengreen's chapters and /or James' chapters discussed during the course, either for the final oral exam or by drafting an essay on a specific topic touched by the two books and discussed during the class; all non attendees prepare one of the two books in its entirety
Contents
1. The Mediterranean economy from market economy to capitalism
2. Supranational economic integration from the industrial revolution through to the eve of WWI: the industrial economies and the colonies in world markets
3. Expansion in and retreat from worldwide economic integration from WWI through to the second world war.
4. The ascendancy of American finance on world power and the Great Depression
5. The process of economic globalization amidst the long post WWII high-point growth and expansion in industrial capitalism in the advanced industrial economies, and lagging-behind developing world.
6. American banks and star and stripes corporations: American capitalism and its advance across the world in the age of economic miracles
7. Economic globalization from the early 1970s to the end of the twentieth century: third industrial revolution, flexible production methods, the rise of international banking and neoliberal policies
Course Language
ITALIAN
More information
further potential reference list:
V.Valli, The American Economy from Roosevelt to Trump. London: Palgrave 2018.
A. Tooze, Crashed, How a Decade of Financial Crises Changed the World. London: Penguin 2018.
G.Pizzuto, The US Financial System and Its Crises, From the 1907 Panic to the 2007 Crash. London: Palgrave, 2019.
R.Solomon, Money on the Move. The Revolution in International Finance since 1980. Princeton, Princeton U/niversity Press, 1999