Course: Syllabus
Inequality, Crises and 21st Century Capitalism
Professor. Andrés Solimano
University of Economics, Prague
November 2014
Topics
The course is intended to give students an analytical and empirical overview of the main trends of global capitalism in the 21st century. Special attention will be paid to the evolution of inequality, the rise of economic elites, the middle class and working class and the nature and effects of financial crises. The Latin American experience will be treated with more detail in a global context.
Frieden, J. (2006) Global Capitalism. Its fall and Rise in the Twentieth Century. W.W. Norton and Company, New York, London.
Solimano, A. (2014) Economic Elites, Crises and Democracy, Beyond Neoliberal Capitalism, Oxford University Press.
Harvey, D. (2014) Seventeen Contradictions and the End of Capitalism, Oxford University Press.
Picketty, T. (2014) Capital in the 21st Century. Harvard University Press.
Marx, K. and F. Engels (1848[1979]), The Communist Manifesto, Penguin books: London.
Blyth, M. (2011) Great Transformations. Economic Ideas and Institutional Change in the Twentieth Century. Cambridge University Press. .
Polanyi, K. (1944), The Great Transformation: Economic and political origins of our time, Rinehart: New York.
Marglin, S. A. and J.B. Schor (1991) The Golden Age of Capitalism. Reinterpreting the Postwar Experience. Oxford Clarendon Press.
Harvey, D. (2004) A Brief History of Neoliberalism, Oxford University Press
Duménil, G. and D. Lévy (2011) The Crisis of Neoliberalism, Harvard University Press.
Lakner, C. and B. Milanovic (2013) “Global Income Distribution. From the Fall of the Berlin Wall to the Great Recession” World Bank
Atkinson, A., Picketty, T. and E. Saez (2011) “ Top Incomes in the Long run of History “ Journal of Economic Literature, 49,1-73.
Alvaredo, F., A. B. Atkinson, T. Piketty, and E. Saez: 2013, ‘The World Top Incomes Database’. http://topincomes.g-mond.parisschoolofeconomics.eu/, Accessed 24/01/2013.
Davies, J. (2008), Personal Wealth from a Global Perspective, Oxford University Press.
Davies, J., S. Sandstrom, A. Shorrocks, and E. N. Wolff (2006), “The World Distribution of Household Wealth”, UNU-WIDER:Helsinki.Available at:www.iariw.org/papers/2006/davies.pdf
Solimano, Andrés (editor, 1998). Social Inequality, Values, Growth and the State, University of Michigan Press.
Forbes Magazine (2011), “The World’s Richest People. World’s Billionaires”, Online edition, available at: www.forbes.com.
L.F. Lopez-Calda and N. Lustig, editors, (2010) Declining Inequality in Latin America. A Decade of Progress? UNDP, New York and Brookings Institution, Washington DC.
Solimano, A., (2008), “The Middle Class and the Development Process”, Chapter 2 in A. Estache and D. Leipziger, editors, Stuck in the Middle. Is Fiscal Policy Failing the Middle Class?, Brookings Institution.
Atkinson, A., Picketty, T. and E. Saez (2011) “ Top Incomes in the Long run of History “ Journal of Economic Literature, 49,1-73.
Solimano, A. and D. Avanzini (2012) “The International mobility of Elites: Talent, Entrepreneurial and Political” CIGLOB Working Paper.
Wright-Mills, C. (1956[2000]),The Power Elite, Oxford University Press: New York.
Milanovic, B. and S. Yitzhaki (2002) “Decomposing World Income Distribution: Does the World have a Middle Class?” Review of Income and Wealth 48 (29:155-178.
Mooney, N. (2008) (Not) Keeping Up with Our Parents. The Decline of the Professional Middle Class. Beacon Press, Boston.
Mosca, C. (1939) The Ruling Class, Elemnti di Scienza Politica.Mc Graw-Hill Book Company, New York, Toronto, London.
Pareto, V. (1991) The Rise and Fall of elites. An Application of Theoretical Sociology, Transaction Publishers, New Brunswick (USA) and London (UK).
Stiglitz, J. (2011) “Of the 1 % by the 1 % for the 1%” Vanity Fair, May.
Solimano , A. (2010) International Migration in an Age of Crises and Globalization. Cambridge University Press
Solimano, A. , editor, (2008) The International Mobility of Talent. Oxford University Press.
Florida, R. (2005). The Flight of the Creative Class: The New Global Competition for Talent, HarperCollins: New York.
Bellamy Foster, J. and R. Mc Chesney (2012) The Endless Crisis. MR press, New York. Chapter 5.
Reinhart, C. y Rogoff (2011 ) This Time is Different. Eight Centuries of Financial Folly.
Stiglitz , J. (2010) Free Fall. America, Free Markets and the Sinking of the World Economy. W.W. Norton and Company.
Solimano, A. (2010), “How relevant is IMF Research on Macro-Financial Linkages to reduce the frequency of financial crisis and recessions in the World Economy? An Overview”, Paper prepared for the Independent Evaluation Office of the IMF.
Solimano, A. (2012) Chile and the Neoliberal Trap. The Post Pinochet Era. Cambridge University Press.
L.F. Lopez-Calda and N. Lustig, editors, (2010) Declining Inequality in Latin America. A Decade of Progress? UNDP, New York and Brookings Institution, Washington DC.
Smith, P. (2005) Democracy in Latin America. Political Change in Comparative Perspective. Oxford University Press.
Contáctanos

Andres Solimano
Lectures

Global Capitalism in the 21st Century : Current and Historical Perspective

Inequality: Concepts, Measures and Experience

Inequality, Top shares, Gini and growth and CEO and wage gaps at firm level

Social structure in 21st Century Capitalism: Wealthy Elites, middle class and labor.

Financial Crises: History, the Crisis of 2008/09 and the Effects of Austerity Policies