Advanced Political Economy II
New School for Social Research: Economics
This course is concerned with the analysis of advanced capitalism and focuses on a classical approach to micro- and macro-economics. Starting from the theory production and the emergence of prices and profits by means of competition, it progresses to discuss macroeconomic laws, growth, crises and international trade. It will begin with a survey of the structure and dynamics of the center countries. The turbulent dynamics of the system, which express themselves as order generated in-and-through disorder, will be shown to give rise to patterns of recurrence over a wide variety of domains. It will then develop a consistent classical approach grounded in the theory of real competition to the determination of relative prices, profits, output, interest rates, stock market prices, exchange rates, and international trade. In all cases, the classical approaches will be compared to neoclassical and Keynesian/Post Keynesian ones, and to the relevant empirical evidence. In this course, students will be asked to work on specific course topics for weekly lab sessions, including the deconstruction of a standard microeconomics textbook and the possible construction of an alternate text grounded in the classical approach. There will be a final exam in the course, based on a question-set made available well in advance.
College: New School for Social Research (GF)
Department: Economics (ECO)
Campus: New York City (GV)
Course Format: Seminar (R)
Max Enrollment: 10
Add/Drop Deadline: February 4, 2024 (Sunday)
Online Withdrawal Deadline: April 16, 2024 (Tuesday)
Seats Available: Yes
* Seats available but reserved for a specific population.
* 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: 6:34am EST 2/22/2024