Documente Academic
Documente Profesional
Documente Cultură
Course Description
During the 18th century the term Political Economy emerged as a study of modern
productive relations within the economies of bourgoeis political states. Political
economy began with the labour theory of value and was developed by John Locke, Adam
Smith, David Ricardo, Thomas Malthus, and Karl Marx.
By the late 19th century Political Economy branched out into the separate fields of
“Political Science” and “Economics” and consequently the study of the connection
between productive relations and the state became further estranged from both academic
specializations. Whereas economics came increasingly under the influence of axiomatic
mathematical models or game theorems, political science came under the influence of
psychological behavorialist and sometimes, to the detriment of the subject, the exigencies
of real-politik.
The study of the relationship between productive relations and politics, therefore, was
continued by those who wrote under the now “interdisciplinary” subject of political
economy. Therefore, political economy is today most commonly associated with the
study of society drawing from both economics and politics.
This course is an attempt at understanding some of the significant debates that have
occupied the realm of political economy in relation to Pakistan. Over the next 20 classes
we will attempt to study the impact of production on politics and vice versa through the
medium of issues such as class, labour, health, education, poverty, industrial
concentration and ownership, economic policies, and state-society relations.
Course Objectives
1. Familiarize students with some of the important debates within the subject of
political economy in relation to Pakistan.
2. Deepen understanding of the history of macroeconomic policies and economic
development in Pakistan.
3. Attempt to form a holistic picture of the connections between economic and
political developments in our history.
Grading
Class attendance 10%
Midterm 40%
Final Paper 50%
Written work must be properly cited in accordance with the MLA manuals. Please read
the MLA manual attached to this reading package carefully and ensure that your papers
are in accordance with citation techniques. Failure to abide by these citation techniques
will be considered an academic offence. It is expected that all assignments represent
original work not previously or simultaneously handed in for credit in another. Cheating,
plagiarism, or any other violations of the honour code will be dealt with according to
LUMS policy.
Reading Assignments