46774 - Prices, Distribution and Growth

Academic Year 2018/2019

  • Docente: Giancarlo Gozzi
  • Credits: 5
  • SSD: SECS-P/01
  • Language: Italian
  • Teaching Mode: Traditional lectures
  • Campus: Bologna
  • Corso: Second cycle degree programme (LM) in Economics and Economic Policy (cod. 8420)

Learning outcomes

It is the aim of the course to set out the fundamental aspects of the “surplus approach” to the theory of value and distribution for a capitalist economy that characterizes the classical and marxian theoretical framework in its modern formulation according to the contributions of Sraffa and von Neumann. Attention will also be paid to the relationship between theories of value and distribution and theories of accumulation.

Course contents

  1. The theoretical framework of the classical and marxian approach to the problems of value, distribution and accumulation for the capitalist economy.
  2. The analytical core of the classical theory of value and distribution: relative price and income distribution  for a competitive capitalist economy.
  3. Value theory and capitalist exploitation: Marx and Sraffa.
  4. Distribution, accumulation and effective  demand.
  5. Growth, technical progress and structural change.

Readings/Bibliography

G. Gozzi, Valore, distribuzione e accumulazione. L'approccio del sovrappiù. 2019 (available online)

Additional material will be made available on the web page of the course.

Teaching methods

Front lectures

Assessment methods

Oral examination

Office hours

See the website of Giancarlo Gozzi