Lectures on Capitalism
New lecture series in five videos, delivered by Prof. Anwar Shaikh (The New School) at the Department of Economics at the University of Massachusetts, Amherst on October 23-27, 2017.
Content
SHARE
ARTICLE
Lectures are a companion to Anwar Shaikh (2016) Capitalism: Competition, Conflict, Crises (Oxford University Press). For more information, see realecon.org.
"The aim is to show that there exists a coherent alternative to Neoclassical and Post Keynesian theory that does not rely in any way on utility maximization, rational choice, rational expectations, or perfect/imperfect competition. Consumer theory is based on real consumer behavior, the behavior of the firm is addressed in terms of the theory of real competition, and the theoretical and empirical concerns of Keynes' and Kalecki's theory of effective demand and Kalecki's theory of price are shown to be fully consistent with the classical framework of profit-driven real competition. Empirical evidence is confronted at every stage in the argument."
- Lecture 1 - Foundations of Classical Keynesian Political Economy.
- 1.1.Theoretical Foundations
- 1.2 Structural Patterns in Advanced Capitalism
- Lecture 2 - Real Consumer Microeconomics and Real Competition.
- 2.1. Microeconomics of Consumer Behavior
- 2.2 Real Competition as War.
- Lecture 3 - Macrodynamics and Effective Demand.
- 3.1. Macroeconomics As Emergent Properties
- 3.2 Classical Keynesian Economics Approach to Effective Demandsd
- Lecture 4 - Wages, Unemployment, Inflation.
- 4.1. Wages, Unemployment and Social Struggle
- 4.2. Empirical Evidence and Implications
- Lecture 5 - Crises and Stimulus vs. Austerity.