Elective Course - 4th Semester (Spring 2nd year) | Course ID: T224 | E-Class
According to the curriculum, students must choose three elective courses during the fourth semester

Lecturer

Thanasis Maniatis

Language of instruction

Greek

Course contents

1. General rate of profit, transformation of surplus value into profit and prices of production (“Labour Theory of Value II” – “prices of production”)
2. Theory of Capitalist Competition (Competition or Monopoly?): Intersectoral competition - Intra-industry competition and regulating capital -Land-rent - International trade, value transfers and “unequal exchange”
3. Theory of the distinction between productive and unproductive labour - National Accounts and Marxian categories
4. Marxist theories of economic crisis: Underconsumption - Disproportionality – “Profit squeeze”
5. Marxist/Radical schools/currents of thought: Monopoly Capital/Monthly Review - Social Structures of Accumulation (SSA) - Regulation School
6. The law of the tendency of the falling rate of profit
7. Economic Crises - The Recent Crisis - Fiscal Crisis and the Net Social Wage - Socialism

Bibliography

• Marx, Karl. Capital, Vol. 1 Greek editions, Σύγχρονη Εποχή ή ΚΨΜ.
• Lecturer’s notes posted at e-class.
• Callinicos, Alex. The revolutionary ideas of Karl Marx. Greek edition, Athens: Εργατική Δημοκρατία, 1998, Chapters 3-5.
• Catephores, George. An Introduction to Marxist Economics, New York University Press, New York, 1989.
• Fine, Ben, and Alfredo Saad-Filho, Marx’s Capital, 6^th ed.), Pluto Press, London, 2016.
• Fine, Ben, and Laurence Harris. RereadingCapital, Macmillan Press, London, 1979, ch. 1.
• Fine, Ben. Τι είναι το «Κεφάλαιο» του Μαρξ; Εκδόσεις Γλάρος, Athens, 1976, pp. 40-51.
• Foley, Duncan. Understanding Capital, Harvard University Press, Cambridge, Mass, 1986.
• Marx, Karl. Capital, Vol. 1, Preface to the first German edition and Postface to the second German edition, pp. 11-26 of the Greek Σύγχρονη Εποχή ed.
• Marx, Karl. Contribution to the Critique of Political Economy, Greek edition Οικονομική και Φιλοσοφική Βιβλιοθήκη, Αθήνα, 1956, Preface pp. 5-9.
• Marx, Karl. Grundrisse(Foundations of a Critique of Political Economy), Vol. 1, Introduction. Greek edition, Στοχαστής, Athens, 1990
• Sweezy, Paul M. Theory of Capitalist Development. Greek edition. Gutenberg, Athens, 2004. Introduction and Chapter 1.
• Μανιάτης, Θανάσης, Περσεφόνη Τσαλίκη, Λευτέρης Τσουλφίδης. Ζητήματα πολιτικής οικονομίας: H περίπτωση της Ελλάδας,  Ίδρυμα Σάκη Καράγιωργα, Επιστημονική Βιβλιοθήκη, Αθήνα, 1999.

Assessment

The course is assessed either by writing a research paper or a literature review paper or by a written examination in Greek. Students are assessed on their understanding of key concepts, critical thinking, and analysis as well as their ability to search, analyse and synthesise data and information. Assessment criteria are communicated to students through the course outline posted on the course website.