Philosophy of Economics

The course studies the philosophical and ethical problems arising from debates on economic questions like economic freedom, alienation and the free market, economic justice, economic democracy, the nature and structure of capitalism, the development question, property, rights, labour, poverty and wealth. It analyses the main politico-economic theories with particular attention to the role of the individual versus the collective.  The course considers economic models, labour theories, social change and their bearing on African economic systems.  Critical study of relevant classical texts like those of A. Smith and K. Marx is undertaken.                                                                                                                                                                                                                                                   Course Objective :

• Enable students take a critical examination of classical philosophical ideas that shaped early economic thinking and practice