Print this page

Author: IPE


SEMESTER 1 2007-2008

Dr. Richard Barbrook
Room 408 Wells Street
Extension 2313
R.Barbrook (a)

Option: International Political Economy

Code: 1POL547

Staff: Richard Barbrook and Nik Howard

Time and Location: Thursdays 2.00pm – 5.00pm
Fyvie Lecture Theatre

Assessment Scheme: Essay (2,500 – 3,000 words): 30%
Unseen Examination: 70%

Assessment Criteria: Full Details in your handbook.

Synopsis: Criteria for grading assessed work will include the following:

Structure and Quality of Argument
Use of Evidence
Writing, Presentation and Communication Skills

Assignment Deadline: Tuesday 8th January 2008

Office Hours: Please email or phone to make an appointment

Room 408 Wells Street


There is a link in the blogroll on the bottom right-hand side of the Imaginary Futures website.

Key text: Meghnad Desai, Marx’s Revenge: the resurgence of capitalism and the death of statist socialism, Verso, London 2002.

The quickest and easiest way to obtain a copy of this book is from abebooks.

Essay Questions


1. 27th September
Introduction: What is International Political Economy and why does it determine your life? (RB)

2. 4th October
The Lessons of History: the East Asian miracle and Japan’s bubble economy of the late 1980s. (NH)

3. 11th October
The 18th and 19th Century Theories of the Global Political Economy: Liberalism versus Nationalism versus Marxism. (RB)

4. 18th October
The 20th Century Theories of the Global Political Economy:
Leninism versus Keynesianism versus Neo-Liberalism. (RB)

5. 25th October
Theory into Practice: North Korea and South Korea. (NH)

6. 1st November
Building the World Market: the rise and fall of the British empire 1649– 1914. (RB)

7. 8th November
Private Study Week

8. 15th November
Managing the Global Economy: the ascendancy and decline of the American empire 1914-2007. (RB)

9. 22nd November
Money as Command: chaos and order in the international financial system. (RB)

10. 29th November
The Carbon Economy: the affluent society and the limits to growth. (RB)

11. 6th December
The Global Village: the Net as dotcom capitalism and cybernetic communism. (RB)

12. 13th December
Think Locally, Act Globally: beyond the neo-liberal paradigm. (RB)


Michel Aglietta, M. (1979) A Theory of Capitalist Regulation: the US experience, Verso, London.

Albert, M. (1993) Capitalism vs. Capitalism, Four Wall Eight Windows, New York.

Ambrose, S. (1971) Rise to Globalism: American foreign policy 1938-1970, Penguin, London.

Aoki Masahiko, Kim Hyung-ki and Okuno-Fujiwara Masahiro (eds.) (1998) The Role of Government in East Asian Economic Development: Comparative Institutional Analysis, Oxford University Press. New York.

Atkinson, B and Johns S (2001) Studying Economics, Palgrave.

Bacevich, A. (2002) American Empire: the realities and consequences of U.S. diplomacy, Harvard University Press, Cambridge Mass.

Barbrook, R. (1990) ‘Mistranslations: Lipietz in London and Paris’,

Barbrook, R. (2006) The Class of the New, Open Mute,

Barbrook, R. (2007), Imaginary Futures: from artificial intelligence to the global village, Pluto, London,

Bell, D. (1973) The Coming of Post-Industrial Society: a venture in social forecasting, Basic Books, New York.

Walden, B. and Rosenfeld, S. (1992) Dragons in Distress: Asia’s Miracle Economies in Crisis, Penguin Books. London.

Berry, C. (1997) Social Theory of the Scottish Enlightenment, Edinburgh University Press, Edinburgh.

Bhagwati, J. (2004) In Defence of Globalisation, Oxford University Press.

Brenner, R. (2002) The Boom and the Bubble: the US in the world economy, Verso, London.

Buchan, J. (2006) Adam Smith and The Pursuit of Perfect Liberty, Profile.

Cain, P.J. and Hopkins, A.G. (1993) British Imperialism: innovation and expansion 1688-1914, Longman, London.

Cassidy, J. (2002) dot.con: the greatest story ever sold, Penguin, London.

Castells, M. (1996) The Rise of the Network Society: the information age – economy, society and culture volume 1, Blackwell, Oxford.

Chiu, Stephen W.K. and So, Alvin Y. (1995) East Asia and the World Economy, Sage Publications. California, London and New Delhi.

Crump, J. (2003) Nikkeiren and Japanese Capitalism, Routledge/Curzon. Richmond, England.

Cumings, B. (2004) North Korea: Another Country, New Press.

Meadows, D and the Club of Rome (1972) The Limits to Growth, Earth Island, London.

Desai, M. (2002) Marx’s Revenge: the resurgence of capitalism and the death of statist socialism, Verso, London.

Diamond, J (1997) Guns, Germs and Steel: The Fates of Human Societies, New York: Norton.

Earle E M (ed) Adam Smith, Alexander Hamilton and Friedrich List, The Economic Foundations of Military Power, Makers of Modern Strategy.

Eckert, C. J. et al. (1990) Korea Old and New: A History, Ilchokak Publishers. Seoul.

Economides, S and Wilson, P (2001) The Economic Factor in International Relations.

Fallows, J. (1994) Looking at the Sun: The Rise of the New East Asian Economic and Political System, Vintage.

Florida, R. (2002) The Rise of the Creative Class: and how it’s transforming work, leisure, community and everyday life, Basic, New York.

Frieden, J and Lake, D (eds) (2001) International Political Economy: Perspectives on Global Power and Wealth, New York: St Martins Press.

Fukuyama, F. (1992) The End of History and the Last Man, Penguin, London.

Galbraith, J.K. (1961) The Great Crash 1929, Penguin, London.

Galbraith, J.K. (1970) The Affluent Society, Penguin, London.

Gilpin, R (2001) Global Political Economy, Princeton University Press.

Gittings, J. (2006) The Changing Face of China: from Mao to market, Oxford University Press, Oxford.

Godard, R and Cronin, P (ed) (2003) International Political Economy, Palgrave.

Gruber, H. (1991) Red Vienna: experiment in working-class culture 1919-1934, Oxford University Press, Oxford.

Gundar Frank, A. (1969) Capitalism and Underdevelopment in Latin America: historical studies of Chile and Brazil, Monthly Review, New York.

Halliday, J. and McCormack, G. (1973) Japanese Imperialism Today: ‘Co-Prosperity in Greater East Asia’, Penguin Books.

Harris, N. (1987) The End of the Third World: newly industrialising countries and the decline of an ideology, Penguin, London.

Hayek, F. A. (1944) The Road to Serfdom, Routledge, London.

Held, D and McGrew, A. (1999) Global Transformations: Politics, Economics and Culture, Cambridge: Polity Press.

Helleiner, E. (1994) States and the Re-Emergence of Global Finance, Cornell.

Hersh, J. (1993) The USA and the Rise of East Asia since 1945: Dilemmas of the Postwar International Political Economy, Macmillan, London.

Hettine, B. (ed) (2001) International Political Economy, London: Zed Books.

Hilferding, R. (1981) Finance Capital: a study of the latest phase of capitalist development, Routledge & Kegan Paul, London.

Hirst, P. and Thompson, G. (2000) Globalisation in Question, Cambridge: Polity Press.

Hobsbawm, E. (1968) Industry and Empire: an economic history of Britain since 1750, Penguin, London.

Hobson, J.A. (1902) Imperialism: a study, George Allen & Unwin, London.

Huntington, S. (2002) The Clash of Civilisations and the Remaking of World Order, Free Press, London.

Hyam, R. (2002) Britain’s Imperial Century 1815-1914: a study of empire and expansion, Palgrave Macmillan, Basingstoke.

Irwin, D. A. (1996) Against the Tide: An Intellectual History of Free Trade, Princeton University Press.

Johnson, C. (1982). MITI and the Japanese Miracle: The Growth of Industrial Policy, 1925-1975, Stanford University Press.

Jones, G. S. (2005) An End to Poverty: A Historical Debate, Profile Books.

Kalecki, M. (1972) The Last Phase in the Transformation of Capitalism, Monthly Review, New York.

Kant, I. (1983 ) ‘To Perpetual Peace: a philosophical sketch’, Perpetual Peace and Other Essays, Hackett, Indianapolis, pages 107-143.

Kelly, K. (1998) New Rules for the New Economy: 10 ways that the network economy is changing everything, Fourth Estate, London.

Kennedy, P. (1989) The Rise and Fall of Great Powers: economic change and military conflict from 1500 to 2000, Fontana, London.

Keynes, J.M. (1936) The General Theory of Employment, Interest and Money, MacMillan, London.

Kihl, Young Whan, ed (1994) Korea and the World: Beyond the Cold War, Westview Press, Boulder Colorado.

Krugman, P. (November 1994). “The Myth of Asia’s Miracle: A Cautionary Fable?. Foreign Affairs.

Landes, D. (1998) The Wealth and Poverty of Nations, New York: W W Norton.

Lenin, V.I. (1965) Imperialism: the highest stage of capitalism, Progress, Moscow.

Lipietz, A. (1987) Mirages and Miracles: the crises of global Fordism, Verso, London.

Luxemburg, R. (1963) The Accumulation of Capital, Routledge, London.

Madison, A (2001) The World Economy: A Millennial Perspective, OECD 2001.

Mandel, E. (1980) Long Waves of Capitalist Development, CUP, Cambridge.

Mao, Z. (1967) ‘Analysis of the Classes in Chinese Society’, Selected Works of Mao Zedong Volume 1, Foreign Languages Press, Beijing, pages 13-21.

Marx, K. (1976) Capital Volume 1: a critique of political economy, Penguin, London.

Marx, K. (1978) Capital Volume 2: a critique of political economy, Penguin/New Left Review, London.

Marx, K. (1981) Capital Volume 3: a critique of political economy, Penguin/New Left Review, London.
McLean, B. and Elkind, P. (2004) The Smartest Guys in the Room: the amazing rise and scandalous fall of Enron, Portfolio, New York.

McLuhan, M. (1964) Understanding Media: the extensions of man, Routledge & Kegan Paul, London.

Meiskens Wood, E. (2003) Empire of Capital, Verso, London.

von Mises, L. (1947) Planned Chaos, Foundation for Economic Education, Irvington-On-Hudson.
Negri, T. (1988) ‘Keynes and the Capitalist Theory of the State’, Revolution Retrieved: selected writings on Marx, Keynes, capitalist crisis & new social subjects 1967-83, Red Notes, London, pages 9-42.

Negri T. and Hardt, M. (2000) Empire, Harvard University Press, Cambridge Mass.

Ocalan, A. (2007) Prison Writings: the roots of civilisation, Pluto, London.

Odell, J. S. (2000) Negotiating the World Economy, Cornell University Press.

Okina Y., Shirakawa M., and Shiratsuka S., ‘The Asset Price Bubble and Monetary Policy: Japan’s Experience in the Late 1980s and the Lessons’, Monetary and Economic Studies (February 2001).

Pilbeam, K. (2006) Finance and Financial Markets, Palgrave.

Phillips, N. (2006) Globalising International Political Economy, Palgrave.

Pressman, S. (1999) Fifty Major Economists, Routledge, London.

Reich, R. (1991) The Work of Nations: a blueprint for the future, Simon &
Schuster, London.

Ricardo, D. (1911) The Principles of Political Economy and Taxation, Everyman, London.

Richardson, B. (1997) Japanese Democracy: Power, Coordination, and Performance, Yale University Press. New Haven and London.

Ridderstråle, J. and Nordström, K. (2000) Funky Business: talent makes capital dance,, London.

Roberts, P. (2004) The End of Oil, Bloomsbury.

Rostow, W.W. (1960) The Stages of Economic Growth: a non-communist manifesto, Cambridge University Press, Cambridge.

Rubin, I.I. (1979) A History of Economic Thought, Ink Links, London.

Sachs, J. (2005) The End of Poverty, Penguin.

Scholte, J. (2000) Globalisation, Critical Introduction, London: Macmillan.

Schumpeter, J. (1976) Capitalism, Socialism and Democracy, Harper, New York.

Smith, A. (1976) An Inquiry into the Nature and Causes of the Wealth of Nations Volume 1 & Volume 2, University of Chicago Press, Chicago.

Stiglitz, Joseph and Yusuf S. eds. (2001) Rethinking the East Asian Miracle, World Bank and Oxford University Press, Washington DC and New York.

Stiglitz, Joseph (2003) Globalization and Its Discontents, Penguin Books, London.

Stubbs, S. and Underhill, G. (1999) Political Economy and the Changing Global Order, Palgrave.

Szporluk, R. (1988) Communism & Nationalism: Karl Marx versus Friedrich List, OUP, Oxford.

Todd, T. (2004) After the Empire: the breakdown of the American order, Constable, London.

Toynbee, A. (1946) A Study of History, Oxford University Press, Oxford.

van Wolferen, K. (1990) The Enigma of Japanese Power: People and Politics in a Stateless Nation, Random Books.

Wallerstein, I. (1979) The Capitalist World-Economy, Cambridge University Press, Cambridge.

Warren, B. (1980) Imperialism: Pioneer of Capitalism, Verso, London.

White, D. (1996) The American Century: the Rise & Decline of the United States as a World Power, Yale University Press, New Haven 1996.

Wood, C. (2005). The Bubble Economy: Japan’s Extraordinary Speculative Boom of the ‘80s and the Dramatic Bust of the ‘90s, Barnes and Noble.

World Bank (1993) The East Asian Miracle: Economic Growth and Public Policy, Oxford University Press.

World Bank (2004) World Development Indicators, Washington DC: World Bank.

Yarborough, B. and Yarborough, Y. (1997) The World Economy: Trade and Finance, Dryden Press.


The Economist
Capital & Class
Journal of Political Economy
International Studies Perspectives
The World Economy
Third World Quarterly
Race and Class
New Left Review
Journal of World Trade
OPEC Review
Asian Pacific Review
World Development
The Journal of Asian Studies
The Journal of Japanese Studies
Japan Forum



Answer ONE question, typed in 12 point or above and approximately 2,500 words in length.

Submit to the Assessment Letterbox in the SSHL Undergraduate Office, Wells Street by 6.00pm, Tuesday 8th January 2008.

Severe penalties will apply to late entries.

Within this MySpace version of the electronic agora, cybernetic communism was mainstream and unexceptional. What had once been a revolutionary dream was now an enjoyable part of everyday life.