Advanced Political Economy II

New School for Social Research: Economics

Liberal Arts

Graduate Course

Majors Only

Advanced Political Economy 2

Fall 2022

Taught By: Kurt Semm and Anwar Shaikh

Section: A

CRN: 13971

Credits: 3

This is a one semester course on the classical approach to economic analysis, built around the material in my book Capitalism: Competition, Conflict, Crises, Oxford University Press, 2016. The aim is to show that there exists a coherent alternative to neoclassical and Post Keynesian theory that does not rely in any way on utility maximization, rational choice, rational expectations, or perfect/imperfect competition. Consumer theory is based on real consumer behavior, the behavior of the firm is addressed in terms of the theory of real competition, and the theoretical and empirical concerns of Keynes' theory of effective demand and Kalecki's theory of price are be derived from the classical framework of profit-driven growth. The course ends with a consideration of the implications of this approach to macroeconomic policy and to issues of economic development. In all cases, the classical approaches will be compared to corresponding neoclassical and Keynesian/Post Keynesian ones, as well as to the relevant empirical evidence in each domain. Pre-requisites for the course include Graduate Micro and Macro, or their equivalent, and some familiarity with the History of Economic Thought. Two Meetings weekly: M: Class R: Lab

College: New School for Social Research (GF)

Department: Economics (GECO)

Campus: New York City (GV)

Course Format: Seminar (R)

Modality: In-Person

Max Enrollment: 15

Add/Drop Deadline: September 12, 2022 (Monday)

Online Withdrawal Deadline: December 18, 2022 (Sunday)

Seats Available: Yes

Status: Closed*

* Status information is updated every few 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: 10:30pm EST 11/30/2022

Meeting Info:

Days: Monday

Times: 4:00pm - 5:50pm

Building: 6 East 16th Street

Room: 1200A

Date Range: 8/29/2022 - 12/12/2022

Days: Wednesday

Times: 6:00pm - 7:50pm

Building: Academic Entrance 63 Fifth Ave

Room: 304

Date Range: 8/31/2022 - 12/7/2022