Thematic Programs

Seminar series on Economic Inequalities and Economic Crises – History and Theory



Every Monday, October 19, 2015 – December 7, 2015, at 14:40 – 17:50

  • October 19, 2015 at 14:40 – 17:50
  • October 26, 2015 at 14:40 – 17:50
  • November 2, 2015 at 14:40 – 17:50
  • November 9, 2015 at 14:40 – 17:50
  • November 16, 2015 at 14:40 – 17:50
  • November 30, 2015 at 14:40 – 17:50
  • December 7, 2015 at 14:40 – 17:50

* No Seminar on November 23, 2015


The 3rd Small Lecture Room, Multidisciplinary Research Building, Kawauchi South Campus, Tohoku University [Map](The building is shown as "C 19" in the map.)


  • Michael R. Krätke(Lancaster University, the UK)

Course objectives and outline

In this course we will deal with both the long term and cyclical development of modern capitalist economies and societies. From the first occurrence of the phenomenon of modern business cycles onwards, the more or less rapid change of economic and social inequalities have been linked to it, both as a possible cause and as an effect. That is also true for the long term development of modern capitalism since the times of classical political economy. Recently, the old and venerable topic of social and economic inequalities and their connection with the development of modern capitalism, its past and its future, has been set back on the agenda by Thomas Piketty’s book ‘Capital in the Twenty-First Century’. The same topic has been treated by (among others) Karl Marx in his ‘Capital’ (19th century) and Joseph Schumpeter in his ‘Theory of Economic Development’ (20th century). The course will introduce the main facts and theories about both the cyclical and the long term (trend) developments in modern capitalism.


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