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Political Economy_政治経済学特論

後期 木曜日 1講時 経済学部第3演習室. 単位数/Credit(s): 2. 担当教員/Instructor: KAZUHIRO KUROSE. 対象学年/Eligible Participants: 全/ALL. 履修年度: 2024. 科目ナンバリング/Course Numbering: EEM-ECO508E. 使用言語/Language Used in Course: English.

科目名/Subject

Political Economy

担当教員

黒瀬 一弘

授業の目的と概要/Object and summary of class

The purpose of this course is to provide students with the basic theories of Marxian and other non-mainstream economics by using mathematical methods.
The course not only provides different explanation concerning the same phenomena (e.g. positiveness of prices) from the mainstream economics but also deals with the phenomena which are not explained in the orthodox textbooks.
Given the tendency that unequal distribution of income and wealth is growing all over the world, Marxian as well as other non-mainstream economics are recently revisited. Due to this course, it is expected that the different ways of thinking about capitalist economies from the mainstream are possible.

学習の到達目標/Goal of study

This course has an ambitious goal of acquiring such knowledge and skills as follows:
1) basic properties of linear economic models
2) understanding of alternative ways in order to theorise capitalism by using the models
3) value, prices, and choice of technique, and the paradox of capital theory
4) economic growth based on a simple two-class economy

授業内容・方法と進度予定/Contents and progress schedule of the class

All information of this course will be announced through Google classroom. Thus, don't fail to register for Google classroom if you wish to take this course.

This course is divided into two parts, the first of which is charged by Prof. Mori and the second of which is by Prof. Kurose. The first part deals with the Classical-Marxian value and price; the contents are given as follows:

1) Input-Output Analysis
2) Labor theory of value
3) Price of production
4) Hawkins-Simon condition
5) Sraffian price theory
6) Perron-Frobenius theorem

On the basis of the first part, the second one deals with the choice of technique, income distribution, paradox of capital theory, and economic growth models, and argues the relevance of these models. The contents of the second part are given as follows:

1) Leontief production model with multiple alternative techniques
2) Capital paradox
3) Growth and distribution in a two-class economy

The lecture-notes and other material are uploaded to Google classroom, the code of which is given as follows:

dvcdnba

Announcement to those participants in IPLA and faculty exchange programs (EMEX) who are considering making course registration for Political Economy:

The course of Political Economy (PE) is designated as a regular part of the essential curriculum constituting the master degree’s program of the Graduate School of Economics and Management. The course content is, therefore, designed based on the requirements which properly correspond to the graduates from B.A. program in economics. Considering diverse backgrounds of the exchange students applying for class registration for PE and after a deliberate consultation with Incoming Student Exchange Section (ISES) , the instructors of PE decided to accept from IPLA and EMEX those applicants whose academic background they consider to be compatible with the course requirements up to the maximum number of five. If necessary, a screening will take place based on the requirement announced in the syllabus.

成績評価方法/Evaluation method

The first part charged by Prof. Mori: Homework (70%)+Examination (30%)

The second part charged by Prof. Kurose: Homework (30%)+Examination. (70%)

教科書および参考書/Textbook and references

  • Radical Political Economy, Robin Hahnel, Routledge (2017) ISBN/ISSN: 9781138050020
  • Equilibrium, Stability and Growth, Michio Morishima, Clarendon Press (1964) ISBN/ISSN: 0198281455
  • Marx's Economics, Michio Morishima, Cambiridge University Press (1973) ISBN/ISSN: 0521087473
  • Theory of Production, H. Kurz and N. Salvadori, Cambiridge University Press (1995) ISBN/ISSN: 9780511625770
  • The Economics of Input-Output Analysis, Thijs ten Raa, Cambiridge University Press (2005) ISBN/ISSN: 0521841798
  • Lectures on the Theory of Production, Luigi L. Pasinetti, Columbia University Press (1977) ISBN/ISSN: 0231041004
  • Theory of Economic Growth, Michio Morishima, Clarendon Press (1969) ISBN/ISSN: 0198281641
  • Capital Theory and Dynamics, Edwin Burmeister, Cambiridge University Press (1980) ISBN/ISSN: 0521228891
  • Capital I~Ⅲ, K, Marx, Foreign Languages Publishing House (1954-1959)
  • Production, Value and Income Distribution, Enrico Bellino, Routledge (2022)

授業時間外学習/Preparation and Review

Sufficient preparation and review are necessary.

その他/In addition

Basic knowledge of linear algebra is prerequisite.

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