{"id":9143,"date":"2025-09-24T22:45:05","date_gmt":"2025-09-24T19:45:05","guid":{"rendered":"https:\/\/www.econ.uoa.gr\/?post_type=course&p=9143"},"modified":"2026-04-17T14:31:48","modified_gmt":"2026-04-17T11:31:48","slug":"pec462-marxist-political-economy-ii-ex","status":"publish","type":"course","link":"https:\/\/www.econ.uoa.gr\/en\/course\/pec462-marxist-political-economy-ii-ex\/","title":{"rendered":"PEC462 - Marxist Political Economy II (semester 8)"},"content":{"rendered":"

Course Description<\/strong><\/p>\n

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\u00a0\u0395\u03be\u03ac\u03bc\u03b7\u03bd\u03bf: B<\/p>\n

\u0394\u03b9\u03b4\u03ac\u03c3\u03ba\u03c9\u03bd:\u00a0\u03a7. \u039c\u03c0\u03b1\u03bb\u03c9\u03bc\u03ad\u03bd\u03bf\u03c2<\/strong><\/p>\n

The aim of the course is to deepen the study of Marxist economic analysis and introduce the theoretical and empirical controversies in the field of Marxist and radical political economy, attempting to present a different, critical view of the functioning of the modern typical capitalist economy.<\/p>\n

The first part of the course presents in a comprehensive form the\u00a0labor theory of value<\/strong>\u00a0with the formation of production prices and the general rate of profit, while the criticism of the Sraffa school (\u201csurplus approach\u201d) on the problem of \u201ctransformation\u201d and its empirical significance is discussed. The second part presents the Marxist theory of\u00a0competition<\/strong>\u00a0and contrasts with his school\u00a0monopoly capital<\/strong>\u00a0through the discussion of the nature of capitalist competition, inter-industry competition, intra-industry competition, regulatory capital, and differential and absolute rent. The third part discusses the theoretical distinction between\u00a0productive and unproductive work<\/strong>\u00a0as presented in classical political economy and developed by Marx. The role of domestic work, state functions and the impact of unproductive work on capital accumulation are discussed as well as the importance of distinction for the use of National Accounts data and their conversion into Marxian categories. In the fourth part, the Marxian law of the tendency of the rate of profit to fall and other Marxist and radical\u00a0economic crisis theories<\/strong>\u00a0(underconsumption theory, disproportion theory, \u201cprofits squeeze\u201d theory, the contributions of Sweezy, Kalecki, Dobb, Brenner and the \u201cSocial Structures of Accumulation\u201d school) as well as empirical studies on the last economic crisis. Finally, the fifth part presents an overview of the main\u00a0empirical studies<\/strong>\u00a0calculation of Marxist categories such as the rate of surplus value, the profit-wage ratio, the Marxian and net rate of profit, the organic composition of capital, and the net social wage in the post-war period\u00a0Greek economy<\/strong>.<\/p>\n

In addition to the regular exams, the course examination is also conducted with two exemptions, while there is the possibility of writing a paper to enhance the grade.<\/p>\n

Curriculum<\/strong>:<\/strong><\/p>\n