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Interesting Lectures and Seminars

Economic History - Economic All-Stars -

Mr. Masakazu Sakon
3rd year student at the School of Political Science and Economics

When considering the question of exactly what is the "economics" that we study, it is first necessary to logically analyze and interpret the complicated phenomena that are occurring in modern society. This process is an extremely useful tool. However, the roots which produced this economic analysis and interpretation are often ignored.

In this class, we explore the characters of economists such as Adam Smith, Ricardo, and Keynes, going as far back as their time as university students. We also consider questions such as what shaped these economists and how they were treated by society at the time. We are able to study while having bird's-eye knowledge of the instant that 0 changed to 1. The professor confirms student's comprehension of each economic term before proceeding with the explanation. Therefore, even students from outside of the School of Political Science and Economics who lack expertise in economics can participate in the class without disadvantage, as long as they have interest in the subject. The class is held in a large classroom, and appeal is found in the impassioned speech delivered from the teacher's platform by Professor Watarai, whose lectures hint at his broad education. Furthermore, while this is a lecture-based class, the class is run using knowledge which is difficult for students to obtain when searching for literature by themselves, as well as points of view which are not written in literature which is commonly available. This means that there is much to be gained from this lecture.

It is common for us to passively recognize phenomena which surround us and to desperately try to explain those phenomena. In contrast, it is often impossible to recognize and explain phenomena which do not yet exist around us. However, the big stars of economic history not only analyzed the phenomena which were occurring at the time, but saw into a vague future and proposed the next appropriate actions. This allowed them to save the times and etch their names in the annals of history. In order for us to understand the actions that we are taking now, we must first know how we have arrived at this point. The understanding of history contains a thrill like that of passing a single strand of thread through the scattered beads of economics.

(Offered by WASEDA WEEKLY)