For the assessed work, take one of the seminar questions below and write a 2500-3000 word essay. Choose a different topic to the ones you have presented in the classes.

Deadline to be handed in to student office: end Friday 17^th December 1999

Make sure you get a receipt and keep a copy of the essay for yourself.

1. Compare and contrast the theories of value underpinning the Neoclassical, Neo-Ricardian and Marxist schools of thought.

2. The transformation problem is the Achilles' heel of Marxist economics. Discuss.

3. Sraffa perfected value theory based on dated labour and rehabilitated classical economics. Discuss.

4. Unemployment is endemic to capitalist development. Discuss

5. Marx's theory of the falling rate of profit is contradicted by the failure of the organic composition of capital to increase in the advanced capitalist economies. Discuss.

6. The source of crisis in the UK can be found in the conflict over the share of wages and profits. Discuss.

8. The state is simply the instrument of capitalist oppression. Discuss.

9. Post-Keynesian economics has no coherence as a school of thought. Discuss

10. Institutional economics is simply a development of the neo-classical paradigm. Discuss

11. Discuss the importance of the Post-modern critique of economics and its implications for the subject.

Paul Dunne

November 15, 1999