Globalization, (De)Industrialization and the Urban Space

Eugene Lang College Lib Arts: Economics

Liberal Arts

Undergraduate Course

Degree Students

Globalization/Urban Space

Fall 2021

Taught By: Qasim Abbas

Section: A

CRN: 12499

Credits: 4

Classical political economists including Adam Smith, David Ricardo and Karl Marx have observed that labor moves from low wage areas to high wage areas, and capital goes from high cost areas to low cost ones. This observed pattern provides powerful theoretical basis for explaining a multitude of economic phenomenon in capitalism. The pattern also powerfully explains how built environments and urban spaces get developed and destroyed in global capitalism. Regions such as the post-Industrial rustbelt of U.S. and declining manufacturing centers across Europe are outcomes of labor/capital mobility that deeply shape urban geographies over the course of generations. Manufacturing job loss in the great lakes region of U.S. resulting from capital mobility is inextricably tied to the rise of rightwing populism claiming to represent the grievances of white working class that feels betrayed and left behind by forces that seem out of their control. Capital moves away from high cost of production and leaves behind devastation till it finds someplace cheaper to locate production—only to repeat the process all over again in search for yet even lower cost. This course will weave together the politics and economics of deindustrialization while exposing students to an economic methodology (classical economics) that is fully outside of the mainstream. Students will be introduced to foundational concepts in political economy in order to keep abreast with course material, contribute to class discussions and write two essays that demonstrate knowledge and engagement with concepts introduced in the course. Students from varied backgrounds and majors are welcome to take this course.

College: Eugene Lang College Lib Arts (LC)

Department: Economics (LECO)

Campus: New York City (GV)

Course Format: Seminar (R)

Max Enrollment: 18

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

Online Withdrawal Deadline: November 21, 2021 (Sunday)

Seats Available: No

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: 12:13pm 7/24/2021 EDT

Meeting Info:

Days: Tuesday, Thursday

Times: 4:00pm - 5:40pm

Building: 6 East 16th Street

Room: 910

Date Range: 8/31/2021 - 12/16/2021