Marxist political economy and global development
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- Term 1
The objective of the option is to introduce postgraduate Development Studies students to Marxist political economy with an emphasis on comparing it with alternative theoretical perspectives on global development.
The course is composed of two parts. The first part concerns Marxist theories of the capitalist mode of production. Its topics include basic building blocks and theories of the micro- and macro-economy. The second part concerns the study of capitalism and the world economy. With a focus on world development, the topics cover the logic of reproduction of predominantly capitalist societies and the interaction between this logic and late developing societies. A final topic on the economics of feasible socialism serves to highlight the strength and limitation of capitalist development.
Method of assessmentAssessment weighting: Exam 70% / coursework 30% (one essay of no more than 3500 words). Resubmission of coursework regulations apply.
- Albritton, R. et al. (eds) (2001) Phrases of Capitalist Development: Booms, Crises and Globalisation, Basingstoke: Palgrave.
- Armstrong, P., A. Glyn, and J. Harrison (1991) Capitalism Since 1945, Oxford:Blackwell
- Brenner, R. (1998) ‘The economics of global turbulence: a special report on the world economy 1950-98.’ New Left Review, Number 229.
- Capital and Class (1999) number 67.
- Caterphores, G. (1988) An Introduction to Marxist Economics Basingstoke: Macmillan.
- Fine, B., A. Saad-Filho (2004) Marx’s Capital, 4th edition, London: Pluto.
- Harvey, D. (1999) The Limits to Capital, London: Verso.
- Lapavitsas, C. (2003) Social Foundations of Markets, Money and Credit, London: Routledge.