Class Platform: Virtual Learning

Day/Time: Tuesday, 10:30 - 11:30 AM, February 2 - April 13, *10 week class*

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Class Description: Trace the tensions over time between natural law/laissez-faire beliefs and activist/interventionist positions in economics. Survey the ideas of “Father of Capitalism” Adam Smith and his precursors. See Smith’s influence on the classical economists who followed him—Thomas Malthus, David Ricardo, John Stuart Mill, and Karl Marx. Economic theories evolved into the Marginalist and Austrian schools of thought—most prominently Alfred Marshall, Karl Menger, and Joseph Schumpeter. By the early 20th century John Maynard Keynes and his followers offered new economic theories, as did Milton Friedman, the Chicago School, and New Classical Economics.

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Instructor Biographies: Bernard Malamud is an emeritus professor of economics at UNLV. He and his wife Gerda moved to Las Vegas in 1968 when he joined the faculty of Nevada Southern University. In his 50 years at UNLV, he taught over thirty different economics courses as well as courses in management, management information systems, and finance. In recent years, his teaching has concentrated on macroeconomics, international monetary economics, and the history of economic thought. His research has ranged from spatial economics to monetary economics. He earned degrees in electrical engineering and in industrial administration as well as a Ph.D. in economics. Before coming to Las Vegas, he worked as an operations research analyst and a financial analyst at Nabisco’s headquarters in New York.