Twenty eight years of teaching has produced a lot of syllabi. In the first ten years I taught mainly macroeconomics, intro and intermediate. But no matter what I was teaching, I was always thinking about money.
Once I began teaching “Economics of Money and Banking”, first in Fall 1996, it became my flagship course, and all the other courses fed that main effort in one way or another. For a while I taught a graduate money course, “Monetary Theory and Policy” which helped me to define the key elements of what I would later call the “Money View”. Subsequently “Topics in Money and Finance” provided an opportunity to explore the great texts in the history of both fields. “Financing Democracy” provided an opportunity to extend the “money view” into the field of public finance. “Introduction to Economic Reasoning” was an attempt to use the “money view” as the framework for a broad account of the operation of the modern economy.
Of my teaching before Money and Banking, the syllabus of most interest and lasting value is probably the one for “Theoretical Foundations of Political Economy”. I taught it as a Smith-Marx-Keynes course, but also as a course in the development of the modern economy. According to me, Smith was trying to make sense of the Commercial Revolution, Marx of the Industrial Revolution, and Keynes of the Managerial Revolution. These authors remain relevant for today because all of these revolutions persist as dimensions of the modern economy. But the modern economy has an additional dimension which is the consequence of an additional revolution, the Financial Revolution. Financial globalization is, according to me, the essential feature of the modern economy, and as such the feature that we most need to understand.