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  1. Courses

501482 - HISTORY OF POLITICAL ECONOMY

courses
ID:
501482
Duration (hours):
54
CFU:
9
SSD:
ECONOMIA POLITICA
Year:
2025
  • Overview
  • Syllabus
  • Degrees
  • People

Overview

Date/time interval

Primo Semestre (22/09/2025 - 19/12/2025)

Syllabus

Course Objectives

The course aims to provide theoretical and methodological tools for framing the different approaches of economic thinking from a critical point of view to the most important topics of economic science: value-accumulation, money and technological progress

Course Prerequisites

None

Teaching Methods

Frontal lessons

Assessment Methods

Written examination of 2 hours (three open questions) with possibility of supplementary oral examination for those who have a vote ≥ 26/30.

Texts

Reference text: A. Fumagalli, Valore. Moneta, Tecnologia, DeriveApprodi, Rome, 2022.
Handouts, slides and bibliographical references on the topics covered in the lecture, available on the Kiro platform: https://elearning.unipv.it/course/view.php?id=35)

Contents

Introduction: Methodological aspects and different approaches to economic process analysis (4 h)

Part 1: Value and Accumulation in Economic Thinking (16h)
Theme 1: Value and accumulation according to Quesnay and Smith (4 h)
Theme 2: Value theory and origin of surplus-value in Ricardo (2 h)
Theme 3: Theory of Value, Accumulation and Crisis in Marx (4 h)
Theme 4: Theory of utility and value according to marginalist school and general economic equilibrium: from Marshall to Arrow-Debreu-Hahn (4h)
Theme 5: Sraffa's criticism and the controversy of capital (2 h)

Part 2: Money(14h)
Theme 6: Role and Functions of Money: Towards a Taxonomy of Monetary Theories (2 hrs)
Theme 7: The theory of Money in Wicksell and Schumpeter (2 h):
Theme 8: The money theory of Keynes and the neoclassical response (4 h)
Theme 9: The endogenous money theory: the credit circuit (credit money) and the financial circuit (finance-money) (6 h)

Part 3: Technological Progress (10h)
Theme 10: The technological progress in Marx and Schumpeter (4 h)
Theme 11: Sraffa's criticism and the controversy of capital (2 h)
Theme 12: The neoclassical theory of technological progress (2 h)
Theme 13: Neoschumpeterian School: Macroeconomic Foundations (2h)
Theme 14: Evolutionary theory of technical progress: microeconomic foundations (2 h)

Conclusions: Contemporary debate on the new paradigm of capitalist production and accumulation (4 h)

Course Language

Italian

More information

Students enrolled in the Inclusive Learning Modalities programme (“Modalità didattiche inclusive) are requested to contact the Professor and the Degree Course Coordinator in order to assess specific needs and define targeted support actionsNessun contenutoNo content

Degrees

Degrees

ECONOMICS 
Bachelor’s Degree
3 years
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People

People

FUMAGALLI ANDREA MARIA PIERO CAMILLO
Gruppo 13/ECON-01 - ECONOMIA POLITICA
AREA MIN. 13 - Scienze economiche e statistiche
Settore ECON-01/A - Economia politica
Professore associato
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