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: 5:06am EST 2/6/2023

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