Economics 7004 Spring 2010

1. Introduction

Lectures

2. Historical Materialism

The Following are from Robert C. Tucker (ed.), The Marx-Engels Reader, Second Edition, W.W. Norton & Company (1978)

Karl Marx, “Preface to A Contribution to the Critique of Political Economy,” pp. 3-6.

Karl Marx and Friedrich Engels, “Manifesto of the Communist Party,” pp. 469-500.

Friedrich Engels, “Socialism: Utopian and Scientific,” pp. 687-717.

3. The Capitalist World System

Immanuel Wallerstein, “The Rise and Future Demise of the Capitalist World System: Concepts for Comparative Analysis,” in The Essential Wallerstein (The New Press, 2000), pp. 71-105.

Giovanni Arrighi et al., “Historical Capitalism, East and West” (1999).

4. Accumulation and Crisis: Post-Keynesian Approach

John Maynard Keynes, The General Theory of Employment, Interest, and Money, Chapter 12 (1936)

Minqi Li, “The Minsky Paradox and the Structural Contradiction of Big Government Capitalism” (2009)

5. Accumulation and Crisis: Marxian Approaches

Immanuel Wallerstein, “Long Waves as Capitalist Process,” in The Essential Wallerstein (The New Press, 2000), pp. 207-220.

The Following are from The Imperiled Economy, Book 1 (Macroeconomics from a Left Perspective), published by the Union for Radical Political Economics (1987)

James N. Devine, “An Introduction to Radical Theories of Economic Crises,” pp. 19-32.

David Laibman, “Technical Change and the Contradiction of Capitalism,” pp. 33-42.

David M. Gordon, Thomas E. Weisskopf and Samuel Bowles, “Power, Accumulation, and Crisis: the Rise and Demise of the Postwar Social Structure of Accumulation,” pp. 43-58.

John Bellamy Foster, “What Is Stagnation?” pp. 59-70.

6. Neoliberalism and After

James Crotty, “Trading State-Led Prosperity for Market-Led Stagnation” (2000).

David Felix, “The Contribution of Financial Globalization to the Current Crisis” (2003).

David Kotz, “Accumulation and Crisis in the Contemporary U.S. Economy” (2005).

Levy Economics Institute, “Strategic Analysis” (December 2011).

7. The End of the Capitalist History?

Immanuel Wallerstein, “The Three Instances of Hegemony in the History of the Capitalist World-Economy,” in The Essential Wallerstein (The New Press, 2000), pp. 253-263.

Immanuel Wallerstein, “America and the World: Today, Yesterday, and Tomorrow,” The Essential Wallerstein (The New Press, 2000), pp. 387-415.

Giovanni Arrighi, “Hegemony Unravelling I” and “Hegemony Unravelling II” (2005).

Minqi Li, “Profit and Accumulation: Systemic Cycles and Secular Trends” (2008).

8. Capitalism and Global Environmental Crisis

Fred Magdoff, “Ecological Civilization” (2011)

Huesemann, “The Limits to Technological Solutions to Sustainable Development” (2003).

Schade and Pimentel, “Population Crash: prospects for famine in the twenty-first century” (2010)

Magdoff and Foster, “What Every Environmentalist Needs to Know about Capitalism” (2010)

9. Climate Change: Barbarism or Socialism?

Spencer Weart, “The Discovery of Global Warming” (2008).

Spratt and Sutton, “Climate Code Red” (2007).

James Hansen, “Target Atmospheric CO2: Where Should Humanity Aim?” (2008).

Anderson and Bows, “Reframing the Climate Change Challenge in Light of the Post-2000 Emission Trends” (2008).

Minqi Li, “The 21st Century Crisis: Climate Catastrophe or Socialism” (2010)

10. Midterm Review

Lectures

11. Spring Break

No class

12. Historical Socialisms: Economics

Joseph Stiglitz, Whither Socialism, Chapter 11 (1994)

John E. Roemer, The Future for Socialism, Chapter 5 (1994)

Thomas Weisskopf, “Towards A Socialism for the Future” (1992)

David Schweickart, “Socialism, Democracy, Market, Planning” (1992)

Albert and Hahnel, “Socialism as It Was Always Meant to Be” (1992)

Pat Devine, “Participatory Planning” (1992)

David Kotz, “What Economic Structure for Socialism?” (2008)

13. Historical Socialisms: Politics

Immanuel Wallerstein, “Social Science and the Communist Interlude, or Interpretations of Contemporary History,” in The Essential Wallerstein (The New Press, 2000), pp. 374-386.

Giovanni Arrighi, “World Income Inequalities and the Future of Socialism,” New Left Review 189: 39-66 (September / October 1991).

Vicente Navarro, “Has Socialism Failed? An Analysis of Health Indicators under Capitalism and Socialism,” Science & Society 57(1): 6-30 (Spring 1993).

David Kotz, “Lessons from the Demise of State Socialism” (1999).

Minqi Li, “Modern China: Accumulation, Basic Needs, and Class Struggle” (2008).

14. Historical Possibilities of the Twenty-First Century

Immanuel Wallerstein, “The Agonies of Liberalism: What Hope Progress,” in The Essential Wallerstein (The New Press, 2000), pp. 416-434.

Immanuel Wallerstein, “Peace, Stability, and Legitimacy, 1990-2025/2050,” in The Essential Wallerstein (The New Press, 2000), pp. 435-453.

Samir Amin, “The Trajectory of Historical Capitalism” (2011)

Minqi Li, “The Rise of the Working Class and the Future of the Chinese Revolution” (2011)

15. General Discussions

Lectures

16. Review and Conclusion

Lectures