Hist of Captlst Dev/Euro&World

This course examines the emergence and evolution of capitalist forms of economic organization, and their interaction with noncapitalist forms. It begins with the Atlantic economy and the African slave trade, and then covers nineteenth-century industrialization in Britain, France, Germany and Russia. The next readings, which include areas in both the center and periphery of the world economy, are organized by topic: trade and the international division of labor, international finance and foreign investment, imperialism, migration, and changing industrial leadership in the world economy.

Political Economy III

Advanced treatment of contemporary theoretical and empirical research in Marxian political economy. Topics include: debates in the labor theory of value; the so-called transformation problem; circuit of capital model; theories of exploitation; theory of finance capital and imperialism; distribution of surplus value - interest, commercial profit, rent; profitability and capital accumulation; theories of capitalist crisis. Prerequisite: ECON 708 or 709
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