Sumários

Adam Smith

5 Fevereiro 2026, 12:00 VICENTE FERREIRA

Historical context: Industrial Revolution


The Wealth of Nations (1776): origins of wealth, division of labor, origin of value (labor theory of value), distribution between social classes and "system of natural liberty" (opposed to mercatilists and physiocrats)

Theory of Moral Sentiments (1759): the importance of "sympathy" and care about the others for the functioning of markets and societies


Origins: mercantilists and physiocrats

3 Fevereiro 2026, 12:00 VICENTE FERREIRA

Transition from feudalism to capitalism and the market economy: scientific revolution, political changes and the role of international trade and colonization.


Mercantilists and Physiocrats: historical context, main tenets of each strand of thought and implications for economic policy


substitution

29 Janeiro 2026, 12:00 VICENTE FERREIRA

The contents of the class will be covered with the students at a later stage


Introduction

27 Janeiro 2026, 12:00 VICENTE FERREIRA

Introduction:


- the importance of studying the history of economic thought and the current relevance of past ideas;
- what is Economics and how is it studied: different definitions and methods.

Program, assessment rules and bibliography