Teaching / MERG

The circuit of capital, accumulation, and crisis

Autumn 2025

Time: Fridays, 10–11:30 a.m. (Beijing time).

Reading list (PDF)

Macroeconomics

  1. Core · Romer, David (2018). Advanced Macroeconomics. McGraw Hill. ch 5.

  2. Ramey, V.A.; Taylor, John B.; Uhlig, Harald (2016). Macroeconomic Shocks and Their Propagation. Handbook of Macroeconomics. 2: 71–162. DOI.

  3. Brunnermeier, Markus K.; Reis, Ricardo (2023). A Crash Course on Crises: Macroeconomic Concepts for Run-Ups, Collapses, and Recoveries. Princeton University Press.

Marxian economics

  1. Core · Foley, Duncan K. (2013). Money, Accumulation and Crisis. Taylor & Francis. DOI.

  2. Core · Laibman, D. (1997). Capitalist Macrodynamics: A Systematic Introduction. Palgrave Macmillan.

  3. Core · Crotty, James (2017). Capitalism, Macroeconomics and Reality: Understanding Globalization, Financialization, Competition and Crisis. Edward Elgar Pub. ch 3, 9, 13.

Post-Keynesian economics

  1. Trotta Vianna, Matheus (2023). Business Cycle Theories After Keynes: A Brief Review Considering the Notions of Equilibrium and Instability. Structural Change and Economic Dynamics. 64: 134–143. DOI.

  2. Core · Skott, Peter (2023). Structuralist and Behavioral Macroeconomics. Cambridge University Press. ch 8-10.

Synthesis

  1. Core · Sherman, Howard J. (2016). The Business Cycle: Growth and Crisis under Capitalism. Princeton University Press.

  2. (1992). Beyond the Steady State: A Revival of Growth Theory. Palgrave Macmillan UK. DOI.