Advanced Political Economy II

New School for Social Research: Economics

Liberal Arts

Graduate Course

Majors Only

Advanced Political Economy 2

Fall 2020

Taught By: Anwar Shaikh

Section: A

CRN: 7013

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: Online (DL)

Course Format: Seminar (R)

Max Enrollment: 12

Add/Drop Deadline: September 14, 2020 (Monday)

Online Withdrawal Deadline: November 22, 2020 (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: 12:46pm 1/20/2021 EST

Meeting Info:

Days: Monday

Times: 4:00pm - 5:50pm

Building: Online Course

Date Range: 8/31/2020 - 12/14/2020

Days: Thursday

Times: 12:00pm - 1:50pm

Building: Online Course

Date Range: 9/3/2020 - 12/17/2020