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St. Xavier's College (Autonomous), Kolkata

Political Economy II

St. Xavier's College (Autonomous), Kolkata and CEC via Swayam

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Overview

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The course employs different perspectives from alternative schools of thoughts to explain the development and structure of the institutions of capitalist economies and their relationship to social and political forces. The study of texts and commentaries will help the students to have a better understanding. The course outline the concept and structure of capitalism and the role of state in the evolution of capitalist economy.

Syllabus

WEEK 1 1. Political Economy : Historical Evolution2. Capitalism as an Evolving Economic System: Basic Features of Capitalism3. Capitalism as a historical process;"The Materialist Conception of History
WEEK 2 4. Marxist Philosophy on Capitalism Critical Views on Capitalism5. Liberal Views on Capitalism6. Neo-Liberal Views on Capitalism
WEEK 3 7. Critical Views on Capitalism8. Comparative thoughts on Capitalism: Marx & Weber9. Capitalism, accumulation of capital, Rise of mercantile class
WEEK 4 10. The Economic theory of Capitalist Development11. The Labour Theory of value12. The Accumulation Process of wealth creation
WEEK 5 13. Concept of monopoly capitalism14. Different views on monopoly capitalism15. Lenin’s theory on monopoly capitalism
WEEK 6 16. Marxist view on monopoly capitalism17. "Economic Crises" and Falling Rate of Profit , Crisis theory of political economy18. “The Recent Crisis in Global Capitalism: Towards a Marxian Understanding”,
WEEK 7 19. Concept of modern corporation20. Issues related to Capitalism and Socialism21. The concept of the State.
WEEK 8 22. The Role of State23. The state and the economy24. Mutual interdependence between state and economy - Traditional Views
WEEK 9 25. Mutual interdependence between state and economy - Modern Views26. Meaning of Conflict in Capitalism27. Origin of Conflict in Capitalism
WEEK 10 28. State as an arena of conflict 29. Political Aspects of Full Employment30. State’s role in ensuring full employment
WEEK 11 31. Concept of Imperialism32. Lenin’s theory on Imperialism33. Relevance of Lenin’stheory on Imperialism at current times.34. Economic Imperialism - concept
WEEK 12 35. Imperialism - A Political Phenomenon36. Neo- Imperialism- Basic Insights37. The political economy of a rent-seeking society38. The theory of economic regulation -Stigler
WEEK 13 39. Critique of Stigler’s theory40. Need and Role of Regulatory Institutions for public welfare.41. International Development - An Exploration42. Transnational Corporations: The Governance of Foreign Investment
WEEK 14 43. The Knowledge and Technology Structure44. Global Political economy in the Cold war era 1945-198945. Global Political economy in the post Cold war era 1991----46. Economic management in an age of global markets
WEEK 15 47. Global markets and national politics48. The idea of the ‘Third world’49. The State in the Third World50. Modernization and Political Development

Taught by

Dr. SAMRAT ROY

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