Sumários

Marginalist Revolution

26 Fevereiro 2026, 12:00 • VICENTE FERREIRA

Marginalist Revolution (1870s)


Influences of Physics and methodological individualism.

Origin of value: subjective utility. Law of diminishing marginal utility, demand and supply curves and tendency towards equilibrium.

Marginal productivity and income distribution.

Marx

24 Fevereiro 2026, 12:00 • VICENTE FERREIRA

Karl Marx: critique of Classical Political Economy


Origin of value, nature of the circuit of reproduction of capital and origin of surplus value

Theory of the business cycle, laws of accumulation and mechanization and law of the falling rate of profit

Practical case 1

19 Fevereiro 2026, 12:00 • VICENTE FERREIRA

Practical case 1: written individual answer to two questions about the first part of the course content (origins of economic thought and Classical Political Economy)


Joint resolution at the end. Clarification of doubts.

David Ricardo

12 Fevereiro 2026, 12:00 • VICENTE FERREIRA

David Ricardo: labor value theory, marginal rent theory and tendency of the profit rate to decline (economic stagnation).


International trade and comparative advantage.

Discussion about the actual case of the Methuen Treaty (England and Portugal)

Classical Political Economy (Say, Malthus)

10 Fevereiro 2026, 12:00 • VICENTE FERREIRA

Historical context: French Revolution (1789), ideals from the Age of Enlightenment and main questions posed to Politcal Economy


Jean-Baptiste Say: subjective value theory and Say's law (iimpossibility of crises)

Thomas Malthus: principle of population growth; underconsumption crises

Debates about poverty (Poor Laws in England)