GECO 6204 -

Institution:

The New School

Subject:

Description:

Advanced Political Economy I Not offered 2008-09. Three credits. Duncan Foley This course presents the fundamental concepts of Marxian economics in the context of the tradition of classical political economy. We begin with a review of the long-period method of reasoning that underlies Smith's and Ricardo's analysis and supplement it with a discussion of Marx's methodbased on his account in the Grundrisse. The course then covers the basic outline of Capital: commodities and money, value, and abstract labor; surplus value, wage labor, and exploitation; the decomposition of the profit rate; absolute and relative surplus value; the circuit of capital; the equalization of the rate of profit; rent; productive and unproductive labor; banking and interest-bearing capital; and fictitious capital. The course concludes with a discussion of the position of Marx's economics within the general tradition of heterodox macroeconomics. A representative selection of the post-Marx literature on each topic is discussed. Prerequisite: GECO 6190 or the permission of the instructor.

Credits:

3.00

Credit Hours:

Prerequisites:

Corequisites:

Exclusions:

Level:

Instructional Type:

Lecture

Notes:

Additional Information:

Historical Version(s):

Institution Website:

www.newschool.edu

Phone Number:

(212) 229-5600

Regional Accreditation:

Middle States Association of Colleges and Schools

Calendar System:

Semester

The Course Profile information is provided and updated by third parties including the respective institutions. While the institutions are able to update their information at any time, the information is not independently validated, and no party associated with this website can accept responsibility for its accuracy.