Elective Course - 3nd Semester (Autumn 2nd year) | Course ID: Τ223 | E-Class
According to the curriculum, students must choose two elective courses during the third semester

Lecturer

Thanasis Maniatis

Language of instruction

Greek

Course contents

1. Philosophy - History - Political Economy - Object of “Capital” - Method - The nature of Marxist Political Economy - Theory - Politics - Social Change.
2. Labour Theory of Value I: Value Price and Money - Direct Prices (Labour Theory of Value I).
3. Distribution Theory: (Value) Labour Power Exploitation and Surplus Value: The Production Process of Capital (M-C-M')
4. Labour Process - Mechanization - Capitalization - Automation - Absolute and Relative Surplus Value - Rate of Profit - Surplus Value and Profit
5. General rate of profit transformation of surplus value into profit and prices of production (Labour Theory of Value II – “prices of production”).
6. Capital Accumulation - Wages – “Labour Reserve Army” - General Law of Capitalist Accumulation - Unemployment - Inequality - Poverty - Patterns of reproduction of total capital.

Bibliography

• Marx, Carl. Capital, Vol. 1 Greek editions, Σύγχρονη Εποχή ή ΚΨΜ
• Lecturer’s notes posted at e-class
• Sweezy, Paul M. Theory of Capitalist Development. Greek edition. Gutenberg, Athens, 2004.
• Μανιάτης, Θανάσης, Περσεφόνη Τσαλίκη, Λευτέρης Τσουλφίδης. Ζητήματα πολιτικής οικονομίας: H περίπτωση της Ελλάδας,  Ίδρυμα Σάκη Καράγιωργα, Επιστημονική Βιβλιοθήκη, Αθήνα, 1999.
• Catephores, George. An Introduction to Marxist Economics, New York University Press, New York, 1989.
• Foley, Duncan. Understanding Capital, Harvard University Press, Cambridge, Mass, 1986.
• Fine, Ben, and Alfredo Saad-Filho, Marx’s Capital, 6^th ed.), Pluto Press, London, 2016.

Assessment

Written exams at the end of the semester in Greek. Students are assessed on their understanding of key concepts, critical thinking and analysis, as well as on their ability to search, analyse and synthesise data and information. Assessment criteria are communicated to students through the course outline posted on the course webpage on the e-class platform.