Thursday, September 3, 2015

Teaching Marx in Lewisburg

I've been teaching an Intermediate Political Economy course, substituting Berhanu Nega, who regularly teaches this course. The text used, and it was already in the bookstore, is Bowles, Edwards and Roosevelt's Understanding Capitalism, which puts an emphasis on individual behavior as the main difference with the marginalist view, and is not the best choice, in my view. At any rate here are a few old posts on Marx, which is central to the first part of the course (towards the end Veblen becomes more important; I guess at Bucknell this is the way we introduce Marxism and Institutionalism; glad I'm teaching it and having a better perspective on our curriculum).

What makes capitalism capitalism? (on the definitions of capitalism as a mode of production)

Sraffa and Marxism or the Labor Theory of Value, what is it good for? (on the labor theory of value)

Was Marx right? Nice of you to ask, but... (on common misconceptions about Marx)

And why not this one, on why Marx and Keynes are essential for a coherent heterodox alternative to the mainstream:

The meaning of heterodox economics, and why it matters

PS: The course has other books and texts, which complement the main text. I highly recommend the one by my colleagues Sackrey, Schneider and Knoedler Introduction to Political Economy.

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