– a question, a critique, or a further development of something the author(s) wrote

Course Global Political Economy

The initial posts can take the form of a question, a critique, or a further development of something the author(s) wrote. The posts should be at least one full paragraph in length, but can be as long as required to develop the point. 
One thing the discussion board posts should not be: please do not merely summarize the books argument. We have all read the book, so we know the summary already were interested in your thinking about it. Add something original, like your opinion about the book overall or a particular argument in the book (and give reasons!).
Each post is graded on the following scale, with half points representing a post in between an A and B (that is, A-/B+) B and C (B-/C+), etc.:
 3 points (A): An exceptional post one that makes an original and well-developed argument, or creatively compares the weeks required reading with other scholarship.
 2 points (B): A respectable post a thoughtful question, critique, or extension of ideas in the required reading.
 1 point (C): An acceptable/middling post provides an opinion of the required reading but does not elaborate or justify the position taken; or simply summarizes the required reading.
 0 points (F): No post submitted; make sure to write a post for each week!
Here is an example of a post and response for the first weeks reading material. You can choose any of the readings, but for instance lets say you chose Menckens The Dismal Science. Heres an example of a question, critique, and further development of something the author wrote, all in one:
Although his writing style seemed strange, I think Mencken made a good point: economics more than other academic disciplines is likely to be heavily influenced by those with political and economic power. It reminded me of something that Marx wrote: The ideas of the ruling class are in every epoch the ruling ideas, i.e. the class which is the ruling material force of society, is at the same time its ruling intellectual force. The class which has the means of material production at its disposal, has control at the same time over the means of mental production, so that thereby, generally speaking, the ideas of those who lack the means of mental production are subject to it. This was an interesting point coming from a conservative anti-socialist like Mencken it demonstrates a great deal of intellectual honesty. However, doesnt reality enter in here somehow? I mean, the distorting influence Mencken is talking about cant possibly make economics or political economy completely divorced from reality, right? (Also, when he wrote about political economy, was he referring to economics?)


Required reading:  
John Kay, Other Peoples Money
Especially: Introduction, Chapters 1-5, 11  
Recommended reading:
Sean Starrs, American Economic Power Hasnt DeclinedIt Globalized! Summoning the Data and Taking Globalization Seriously
Xinhua Lin and L. Randall Wray, A Sovereign Currency Approach to Chinas Policy Options
Innovative financial products/weapons of mass financial destruction
The task of capital allocation