I have a couple questions (with supported readings + you can use anything on google, not just the readings) that need to be answered in essay format. No more than a page or 2 max per question.
1. In what way is Karl Marx’s concept of ‘primitive accumulation’ different from David Harvey’s concept of ‘accumulation by dispossession?’ Fully explain your answer – with examples. 2. Up until the early twentieth century, there existed a diverse media consisting of many small dailies, weeklies and monthly magazines, variously owned by workers and small independent businesses, that gave voice to many different viewpoints. However, over the next fifty years much of the print and electronic media came to be dominated by a small number of corporations. How did this happen? 3. (A) What is an appropriate framework for examining the diverse tendencies of capitalism? (B) Use this framework to examine the conflicting interests of the capitalists and workers as classes. 4. (A) Explain how the British empire during the 19th century was different from the ancient Roman empire or the medieval Chinese empire? (B) Use the capitalist framework we developed in class to analyze how the imperialism of Britain since the early 19th century was driven by the needs of British capitalists. 5. Karl Marx had argued that the introduction of railways in a vast country such as India in the 1850s would lead within a few decades to the industrializing of the country. Was this prediction realized over the next century? Fully explain your answer. 6. (A) Use a class-based analysis to examine whether democracy is compatible with capitalism? (B) What are the developments in the twentieth century that allowed some of the advanced capitalist countries to adopt elections and ‘representative’ forms of government? Econ 3405 – READINGS – Spring 2019 – EXAM One I. Economics and Economy A. The Economic Problem & Measuring Economic Activity Openstax, Principles of macroeconomics (2014): GDP, 133-34; How is GDP measured, 137-140; Calories and economic growth, 159; Limitations of GDP, 152-53. Click HERE. WEF, Five ways GDP get it wrong as a measure of our success. July 2018. Click HERE. B. Evaluating Economic Systems Lecture. C. Economics: Science or Ideology Hicks, John, “Is economics a science,” Interdisciplinary Science Reviews 9, 3 (January 1984): 213-15. Perelman, Michael, “Decoding economic ideology,” World Review of Political Economy (Spring 2011): 79-80, 83-84. Click HERE. D. Economics: Science or Ideology Hicks, John, “Is economics a science,” Interdisciplinary Science Reviews 9, 3 (January 1984): 213-15. Perelman, Michael, “Decoding economic ideology,” World Review of Political Economy (Spring 2011): 79-80, 83-84. Click HERE. A summary of this article is available on BB/Course Material/Lecture Notes Apologia for Capitalism A. Fair Rewards SCHWEICKART, David, After capitalism (Rowman and Littlefield, 2002): Chapter 2 (Justifying capitalism): 27-34. Varoufakis, Yanis, “Why economic elites believe they deserve more?” Evonomics (2016). Click HERE. Susan Adams, “The highest paid CEOs are the worst performers.” Forbes (June 16, 2014). Click HERE. Wrzesniewski, Amy and Barry Schwartz, “The secret of effective motivation,” NYT (July 4, 2014). Click HERE. B. Invisible Hand/Allocative Efficiency: Neoclassical Argument Schlefer, Jonathan, “There is no invisible hand,” HBR Blog Network (April 10, 2012). Click HERE. Stiglitz, Joseph, “There is no invisible hand,” Guardian (December 2, 2002). Click HERE. C. Innovation/Growth Baumol, W. J., The free-market innovation machine: Analyzing the growth miracle of capitalism (Princeton University Press, 2002): chapter one (“Introduction: On the engine of free-market growth”): 1-5, 9-12. Click HERE. Logic of Capitalism A. Accumulation and Monopoly Capitalism Marx, Karl and F. Engels, The communist manifesto (Socialist Labor Party of America, 2006): 11-14. Click HERE. MILWARD, Bob, Marxian political economy (Macmillan, 2000): ch. 10 (Monopoly capitalism): 121-29. Du Boff, Richard B., Review of America by design: Science, technology, and the rise of corporate capitalism (Alfred A Knopf, 1977),” Challenge (July-August 1978): 62-64. Click HERE. B. Primitive Accumulation and Accumulation by Dispossession Heller, Henry, “Marx’s Capital as history,” International Critical Thought (2014): 41-44. Click HERE. Das, Raju, “David Harvey’s theory of accumulation by dispossession: A Marxist critique,” World Review of Political Economy, Winter 2017: 590-96. Click HERE. D. Imperialism (Continuation) C Marx, Karl, “The future results of British rule in India,” New York Daily Tribune August 1853). Click HERE. Chandra, Nirmal K., “Marx, colonialism and the market,” Economic and Political Weekly (June 6-12, 1998): 1375-1378. Click HERE. Hack, K & T. Rettig, Imperial systems of power, colonial forces and the making of modern Southeast Asia: 3-5. Click HERE. D. Capitalism and Democracy Root, Hilton, “Capitalism and democracy,” American Interest (Jan-Feb 2008); 104-108. Click HERE. Almond, Gabriel, “Capitalism and democracy,” Political Science and Politics (September 1991): 467-74. Click HERE. E. Capitalism and the Media Herman, Edward S. and Noam Chomsky, “A propaganda model,” excerpted from Manufacturing consent (Pantheon Books, 1988). Click HERE (Read Selectively) Summary of the above. Click HERE Summary of the above. Click HERE F. Financialization of Capitalism Dore, Ronald, “Financialization of the global economy,” Industrial and Corporate Change (2008): 1097-1112. Click HERE. Faroohar, Rana, “How big banks became our masters,” NYT (Sep. 27, 2017). Click HERE.