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Department of Development Studies

Marxist political economy and global development

Course Code:
15PDSH053
Unit value:
0.5
Taught in:
Term 2

The main objectives of this course are: to introduce students to Marxist political economy; compare the Marxist approach with alternative theoretical perspectives on capitalism and its drivers and contradictions; compare different approaches to key concepts in Marxian political economy; and examine critically the Marxist contributions to the study of development and contemporary capitalism.

Workload

The course consists of 10 two-hour weekly lectures and 9 one-hour weekly seminars (starting in teaching week 2). Attendance at the lectures and one of the weekly seminars is compulsory.

Method of assessment

Assessment weighting: Exam 60% / coursework 40% (one essay of no more than 4000 words). Resubmission of coursework regulations apply.

Suggested reading

  • Bottomore, T. (ed.) (1991) A Dictionary of Marxist Thought. Oxford: Basil Blackwell.
  • Fine, B. (1980) Economic Theory and Ideology. London: Edward Arnold.
  • Fine, B. and D. Milonakis (2009) From Economics Imperialism to Freakonomics: The Shifting Boundaries Between Economics and other Social Sciences. London and New York: Routledge
  • Fine, B. and Harris, L. (1979) Rereading ‘Capital’, London: Macmillan.
  • Fine, B. and Saad-Filho, A. (2010) Marx’s Capital, 5th ed. London: Pluto Press.
  • Fine, B. and Saad-Filho, A. (2013) The Elgar Companion to Marxist Economics. Aldershot: Edward Elgar.
  • Harvey, D. (1982) The Limits to Capital. London: Blackwell.
  • Harvey, D. (2010) A Companion to Marx’s Capital. London: Verso.
  • Howard, M.C. and King, J. (1989, 1991) A History of Marxian Economics, 2 Vols. Princeton: Princeton University Press.
  • Milonakis, D. and Fine, B. (2009). From Political Economy to Economics: Method, the Social and the Historical in the Evolution of Economic Theory. London: Routledge.
  • Rubin I.l. (1972) Essays on Marx’s Theory of Value. Detroit: Black and Red.
  • Weeks, J. (2010) Capital, Exploitation and Crises. London: Routledge.

Note: Most relevant works by Marx and other classic works are freely available at www.marxists.org and on other websites.