GECO

6167

The Political Economy of Distribution and Growth in the U.S. and Germany

New School for Social Research: Economics

Liberal Arts

Graduate Course

Majors Only

Distribution&Growth US/Germany

Fall 2021

Taught By: Faculty TBA and Till Van Treeck

Section: A

CRN: 12066

Credits: 3

This course is about the political economy of growth models, with a focus on the U.S. “debt-led” growth model with the German “export-led” growth model. Different theoretical perspectives, including post-Keynesian models of distribution and growth, alternative theories of the firm and consumption theories, the “varieties of capitalism” approach and the “growth model perspective”, as well as macro- and microeconometric evidence will be discussed against the background of recent trends in the U.S. and German economies. This includes such questions as: Can Germany (still) be considered a “coordinated market economy” (in contrast to the U.S. “liberal market economy”)? What are the business strategies of Germany’s export-oriented “hidden champions” with high corporate savings (in contrast to the more “financialised” firms with high profit payouts in the U.S.)? Why is private household saving so high in Germany (in contrast to debt-based consumption in the U.S.)? Why is fiscal policy so restrictive in Germany in comparison with fiscal policy in the U.S.? What are the macroeconomic effects of different degrees of government-sponsored provision of goods (such as education, housing, health care) in Germany and the U.S.? Why do German workers work such few hours compared to U.S. workers? Why are wages growing so slowly in Germany? What are the macroeconomic implications of different models of skill formation (specific skills in Germany, general skills in the U.S.)? This course will be taught by Till van Treeck

College: New School for Social Research (GF)

Department: Economics (GECO)

Campus: New York City (GV)

Course Format: Seminar (R)

Max Enrollment: 15

Add/Drop Deadline: September 13, 2021 (Monday)

Online Withdrawal Deadline: November 21, 2021 (Sunday)

Seats Available: Yes

Status: Closed*

* Status information is updated every five minutes. The status of this course may have changed since the last update. Open seats may have restrictions that will prevent some students from registering. Updated: 1:41am 10/22/2021 EDT

Meeting Info:

Days: Monday

Times: 1:55pm - 3:45pm

Building: Johnson/Kaplan 66 West 12th

Room: 602

Date Range: 8/30/2021 - 12/13/2021

Days: Tuesday

Times: 4:00pm - 5:50pm

Building: Johnson/Kaplan 66 West 12th

Room: 509

Date Range: 8/31/2021 - 12/14/2021