In this course, students are required to become familiar with the use and development of theoretical and quantitative tools concerning fundamental issues of Marxist political economy developed mainly in Political Economy I and III.
The main objective of the course is to enrich students’ theoretical and technical skills in investigating issues and characteristics of contemporary capitalism.
The topics to be covered include the following:
Methodology of transforming values into output prices.
The methodology of translating value into price transformation into value-added; – Intra-industry and inter-industry competition; – Regulatory capital and empirical analysis of the process of competition in the Greek economy; – Regulatory capital and empirical analysis of the process of competition in the Greek economy.
Profit rate analysis and crisis theories.
Marxist schools and approaches – Social structures of accumulation – “Long waves” – School of regulation – Profit compression – School of monopoly capital – Classical-Marxist school.
Productive and unproductive labour in modern economies – Social stratification and working class in modern capitalism and Greek society.