Prerequisite: ECON201. Also offered as ECON398J. Credit granted for ECON398J or ISRL329F. This course examines economic policy in Palestine/Israel from 1999 (under Ottoman rule) through the British Mandate (1922-48) until 1988, when the current neo-liberal economic policy began. It will examine how the governments and society dealt with issues such as growth versus equality (distributive justice); ideology versus praxis; local original policy versus imported policy; and politics versus academic economics - who decides and under what circumstances?