Division I Political Economy Ioannis Soutsos Andreas M. Andreades Kyriakos Angelos Xenophon Ioannis S. Pesmazoglou (1804 - 1890) (1876 - 1935) Varvaresos Angelopoulos Zolotas (1918 - 2003) (1884–1957) (1904-1995) (1904–2004) Political economy is being taught at the University of since its very inception in 1837, the first chair in the independent states of SE Europe, as part of the Law School curriculum

Famous economists like Soutsos, Andreades, Varvaresos, Angelopoulos, Zolotas and Pesmazoglou taught “political economy” or “public economics” at the University of Athens and played an active role in public affairs After the creation of the Department of Economics as part of the Law School there were four chairs in Political Economy covering a wide variety of subjects. After the 1982 Law on Tertiary Education has been passed the chairs were abolished and the Department was divided into three Divisions (τομείς) with the Division of Political Economy being primus inter pares (Division I).

The Division provides the core curriculum in economic theory for the Department and has as its objective to teach students to see the world from the viewpoint of an economist and to provide them with the mental furniture necessary to excel in academia or business. The term “Political Economy” still stands for historical reasons and even though it has acquired new connotations, the resilience of the term is not coincidental. The Division and the Department believe that although students should obtain a mastery of modern mainstream neoclassical theory, alternative theoretical avenues should also be explored and we insist that students view economics as a social science. Hence we start with two introductory courses, one in Economic Analysis and one on Political Economy, whereas later on students will have the chance, if they choose so, to study History of Economic Thought (four courses are offered from Division I only, whereas Division V offers a course on the Foundation of Social Sciences). Courses on Marxist Political Economy and (Post)-Keynesian Economics are also offered by the Division. In the doctoral programme HET is mandatory whereas Marxist Political Economy and Post-Keynesian Economics are elective.

The curriculum • Mandatory courses • Basic Choice Courses • Subject Unit Courses • Free Electives

Mandatory Courses offered by Division I

No Code Course Semester

1 PEC101 Introduction to Political Economy 1

2 ECO101 Introduction to Economic Analysis 1

Political Economy 3 PEC102 of Employment and Money 2

Microeconomic Analysis 4 ECO201 of Production and Consumption 3

5 ECO211 Introduction to Macroeconomic Analysis 3

Microeconomic Analysis 6 ECO202 of Markets and Social Welfare 4

7 ECO212 Macroeconomic Theory 4

8 ECO301 Advanced Economic Analysis 5

Note that 8 out of 20 courses are provided by Division I Basic Choice Courses offered by Division I

No Code Course Semester 1 ECO311 Industrial Economics I 5 2 ECO312 Economics of the Environment 6 3 ECO314 Macroeconomics of Growth 6 4 PEC311 Political Economy of Globalization 6 5 PEC312 Political Economy of Social Policy 5 6 ECO313 History of Economic Thought 6

Not currently offered Subject Unit Courses offered by Division I

Code Course Semester UNIT: Economic Theory & History ECO411 Advanced Macroeconomics 5 ECO412 Game Theory 5 PEC411 Marxist Political Economy I 5 UNIT: Development & Economic Policy ECO422 Economic Policy 5 UNIT: Quantitative Methods & Informatics ECO412 Game Theory 5 UNIT: Applied Economics ECO451 Industrial Economics II 6 ECO452 Labour Economics 6 ECO454 Applied Monetary Economics 6

Not currently offered Free Electives provided by Division I

No. Code Course Semester

1 ECO461 Monetary Policy 7

2 PEC461 Classical Texts in Political Economy 8

3 PEC462 Marxist Political Economy II 8 History of Economic Thought 4 ECO463 in Modern 8

5 ECO464 Institutional Economics 8 Network Economics and 6 ECO465 Economics of Information 8

7 ECO466 Law and Economics 7

8 ECO467 Economics of Education 7 Topics in the 9 ECO468 History of Economic Thought 8

10 ECO469 Post-Keynesian Economics 7

11 ECO470 Macroeconomic Accounting 8

Not currently offered The Division also provides two separate courses in Political Economy for the Law School and the Department of Mathematics of the University of Athens and two Erasmus courses [Labour Economics and History of Economic Thought] in English. Teaching • Teaching is done with traditional methods [whiteboard and board markers] and increasingly through the use of PowerPoint presentations. • The Division has an important presence in the Dept.’s e-class. • Video recording of courses for upload in the e-class will start next semester at an experimental basis Textbooks Greek translations of modern international textbooks are used … …Some of which are edited by faculty members… …While others are written by faculty members themselves,… …Occasionally significantly enlarged editions of books that have been a success in the international market. Faculty Emeriti & Retired Division of Political Economy

Emeriti & Retired

Name Rank Subject Status

Panagiotis Pavlopoulos Professor Political Economy Ret.

George Economou Professor Political Economy Emeritus

George Krimpas Professor Political Economy Emeritus

Nikos Petralias Professor Political Economy Emeritus

Petros Gemtos Professor Political Economy Emeritus

Alexandros Panethimitakis Professor Macroeconomics Emeritus Emeritus Vassilis Droukopoulos Professor Industrial Economics (pending) Παναγιώτης Panagiotis Pavlopoulos has been appointed to one Παυλόπουλος of the four chairs in Political Economy during the military dictatorship. He holds a BA from AUEB Professor of and a PhD from Manchester U. He has taught Political economic theory (micro & macro) and economic Economy policy. He had served as an Acting Director of the (ret.) Centre of Planning & Economic Research (KEPE) and Director General of the Institute for Economic & Industrial Research (IOBE).

Γεώργιος Οικονόμου George Economou was Professor of Political Economy with a MA from Manchester U and a Professor of PhD from the U of Athens. He taught Political Macroeconomics and he was a member of the Economy Monetary Council of the and (Emeritus) economic advisor to the Greek government and Greek politicians.

Born Athens 1936, attended Peiramatikon and Athens College, Fulbright Scholar at the University of Texas, Research student and fellow at the London School of Economics, Lecturer at the University of Glasgow, Lecturer and Reader at Brunel University, London, [where he got his PhD] Professor of Political Economy Γεώργος Η. at the University of Athens, Chair of the Department of Κριμπάς Economics, Dean of the Faculty of Law, Economics and Politics, Vice-Rector [Planning and Finance], presently Lecturer, UADPhilEcon. Founder member of the Professor Alexandros Papanastassiou Club before the junta, ditto of of Political Democratic Defence during the junta and after. Lately Economy Ambassador to the Organization of Economic Cooperation (Emeritus) and Development and first Chairman of the Centre for Progressive Policy Research, a left-of-centre Think Tank. Nikos Petralias studied electrical engineering in Boston and earned a PhD in economics from the U of Heidelberg under Carl Christian von Weizsäcker. A former rector of Panteion University, he joined the Department as Professor of Political Νίκος Economy and served as its Deputy Head. Πετραλιάς He was the President of the Nicos Poulantzas Institute and he is currently the President of Professor the Sakis Karagiorgas Foundation. In 2008 his of Political friends, colleagues and students published a Economy Festschrift in his honour. (Emeritus)

Κοινωνική θεωρία και πολιτική ευθύνη: Συντροφικό αντιχάρισμα στον Νίκο Πετραλιά, 2008 Petros A. Gemtos was born in Larissa in 1939. He studied law, economics, sociology and philosophy at U of Athens and Tübingen from where he holds two doctoral degrees in Law and in Economics. He became Professor of Political Economy in the Dept . He was Rector of the University of Athens, at a time where all three candidacies came from the Dept. Πέτρος Γέμτος He became President of the Launching Body of the University of Thessaly, General Secretary of the Ministry of Education and a founding member and Professor head of the Philosophy and History of Science of Political Department at the University of Athens where he Economy taught Philosophy and History of the Social Sciences as a Professor . He retired as Emeritus from the (Emeritus) Philosophy and History of Science Department. He is the author of 13 books and 200 articles and chapters in edited volumes on Law, Economics, Philosophy and Methodology of the Social Sciences and the Theory of Institutions. Born in 1942 Alexandros Panethimitakis holds a BA from the U of Piraeus and a PhD from Brunel. He had published five books and monographs on Industrial Policy, Import Substitution and Economic Development. Αλέξανδρος Πανεθυμιτάκης

Professor of Macroeconomics (Emeritus) Born in 1946 Vassilis Droucopoulos was Professor of Industrial Economics. He holds a BA from the Athens School of Economics and Business, an MA from the State University of New York and a PhD from the University of Edinburgh. He was successively Lecturer Βασίλης at Laurentian University, Ontario, Canada, at the Δρουκόπουλος University of Edinburgh and Professor at the Technical University of Crete. He was from 1998 a member of the Professor of Monetary Policy Council of the Bank of Greece after Industrial having served as Director General of the Centre of Planning and Economic Research (1994-1997). He has Economics taught post- and undergraduate courses in Industrial Economics, Macroeconomics, International Business, (Retired soon Mathematics and Statistics and Political Economy, and to become supervised several Ph.D. dissertations and post- Emeritus) graduate theses. His research interests include areas of Industrial Economics and Political Economy on which he has published in English and Greek.

Name Rank Subject Status Macroeconomic Theory Division of Chortareas, Giorgos Professor and Policy on leave Political Economy Stournaras, Yannis Professor Economic Theory on leave

Varoufakis, Yanis Professor Economic Theory on leave The staff Associate Macroeconomic Theory Argitis, Giorgos Professor and Policy Associate Maniatis, Thanassis Professor Marxist Political Economy Associate Papandreou, Andreas Professor Economics of the Environment Associate Papapetrou, Evangelia Professor Labour Economics Political Economy with special Associate reference to the History of Theocarakis, Nicholas Professor Economic Thought Director Economic Theory with special Athanassiou, Assistant reference to Microeconomic Emmanuel Professor Theory on leave Assistant Haritakis, Nikolaos Professor Political Economy Assistant Economic Theory with special Kaplanoglou, Georgia Professor reference to Social Policy Political Economy with special reference to the History of Kountouris, Manos Lecturer Economic Thought

Ioakimidi, Marilou ED Economics of Education Magoula, Hara ED Teaching of Economics Thanopoulos, Thanos ED Microeconomics, Game Theory Professors 53 articles 12 Bk ch George Chortareas teaches Introduction to Macroeconomics, 1130 citations Macroeconomic Theory, Applied Monetary Economics, Advanced Topics in Economics [UG] and Advanced Macroeconomics and Monetary Theory and Policy {UAD]. He has served as a Reader in International Finance at the U of Γιώργος Essex Business School and a Research Economist of the International Economic Analysis Division of the Bank of Χορταρέας England. He was a Post-Doctoral Fellow at Harvard U and a visiting scholar at Columbia U, FRB of New York, ECB, Professor of etc. He is the author/co-author of 53 articles that have Macroeconomic appeared in Economic Journal, Manchester School, Economic Theory and Policy Letters, Economic Record, Journal of Banking and Finance, Metroeconomica, Review of International Economics, Journal of BA Post Keynesian Economics, and Cambridge Journal of Aristotle U of Economics among others. He is a referee for 40 journals incl. Thessaloniki AER and EJ and Guest Editor for two Journals. MPhil U of Glasgow He is a member of the Money Macro Finance Research Group Committee, an Executive Board member of the European MA & PhD Public Choice Society, President of the European Economics U of and Finance Society, a Research Associate of the Centre for Connecticut Economics and Public Policy, U of Cambridge and a Fellow of the Euro Area Business Cycle Network. Currently on leave from the Department serving as Minister of Finance of Greece since 2012, Yannis Stournaras has taught Macro- economics and Economic Policy [UG and UAD]. He held numerous scholarships during his studies. A former Research Fellow and Lecturer in Energy Economics at Oxford U, he became a special advisor to the Ministry of Finance and the Bank of Greece. He became Head of the CEA of the Ministry of Finance, a member of the Monetary Committee of the EC, Chairman and CEO of the Γιάννης Emporiki Bank and Director General of the IOBE [Institute for Στουρνάρας Economic & Industrial Research]. He served as a trustee of the Gennadius Library.

Professor of He has published numerous articles in refereed journals incl. Oxford Economic Papers, Journal of Banking and Finance, Economic Economic Letters and Greek Economic Review. He had published many Theory contributions in edited volumes and he had penned many (On leave) economic memoranda in his official capacity.

His research interests include the theory of economic policy, public economics, the dynamics of public debt, the economics of BA, Econ. banks, energy economics and the economics of EMU. U of Athens

3 books MPhil & DPhil 21 articles Econ. Oxford U 14 bk ch 68 citations

15 books 39 articles is currently Visiting Professor at Lyndon B. 19 Bk ch Johnson Graduate School of Public Affairs, University of Texas, 1100 citations Austin. He is a Hoover Fellow in Economic and Social Ethics, Université Catholique de Louvain, Belgium. He taught at the U of E. Anglia, U of Cambridge and U of Sydney before coming to the Dept. He was the founding director of the UADPhilEcon programme, a former director of the Division of Political Economy and a director of the Poverty Monitoring Research Unit. He has published 10 books in English (two as editor) and 5 books in Γιάνης Greek. Some of his books have been translated into German, Spanish, Italian, Japanese, Czech and Mandarin Chinese. He has Βαρουφάκης published 19 chapters in books and 39 articles in scientific journals incl. Economic Journal, Économie Appliquée, Erkenntniss, Science & Professor of Society, RISEC, Monthly Review and Journal of Economic Economic Theory Methodology. In our Dept. he taught Political Economy, Microeconomics, Game Theory and Economics as a Social Science [UG [On leave] & UAD]. He has produced with Stuart Holland [and later with James Galbraith] “A Modest Proposal for Overcoming the Euro Crisis”. He is an avid blogger and a frequent commentator on economic affairs. BA(Hon) Math. Econ. His research areas include political economy, game theory and its U of Essex links with economic and political philosophy, experimental social sciences, industrial relations and models of wage inflation in MSc Math. Stat. Britain and Australia, statistical theory and method, commodity U of Birmingham prices and economic education

PhD Econ. U of Essex http://yanisvaroufakis.eu/ Associate Professors 4 books 21 articles Giorgos Argitis is Associate Professor of 10 Bk ch 94 citations Macroeconomics. He teaches Macroeconomics, Post-Keynesian Economics, and International Political Economy [UG & UAD]. His research interests include Post Keynesian – Minskyan Γιώργος macroeconomic/monetary theory and policy, Αργείτης and old-institutionalist/evolutionary theory. Associate He has published four books about the Greek Professor of Macroeconomic economy and is the author/co-author of Theory and Policy academic papers that have appeared in the Journal of Post Keynesian Economics, Cambridge Journal of Economics, Review of Political Economy, Contributions to Political Economy, and European BA, Econ. Journal of Economics and Economic Policies, among U of Athens others. MSc , Econ. He is Research Associate at the Levy Economics Birkbeck Institute of Bard College and the INE-GSEE U of London

PhD, Econ. U of Cambridge 1 book 11 articles Thanassis Maniatis teaches Introduction to Economic 13 Bk ch 115 citations Analysis and Marxist Political Economy [UG] and Marxist Political Economy [UADPhilEcon]. He has served as a Adjunct Assistant Professor at Long Island University and at the New School. He has worked as a Researcher at the Θανάσης Centre of Planning and Economic Research. He is the author / co-author of articles in the Cambridge Journal of Economics, Μανιάτης Review of Radical Political Economics, Capital & Class, Review Associate of Political Economy and International Review of Applied Professor of Economics among others. He is a member of the Union of Marxist Political Radical Political Economy. His research interests include Economy Marxist Political Economy, History of Economic Thought, Macroeconomic Theory, Public Finance, Income BA Distribution and Social Policy. AEUB

PhD New School for He has been awarded the Adolf Lowe Dissertation Social Research, Fellowship for outstanding performance at the Department New York of Economics, Graduate Faculty, New School for Social Research and the Edith Henry Johnson Memorial Award for the best doctoral dissertation in Economics, Civic Affairs and Education, New School for Social Research. Andreas A. Papandreou teaches Microeconomics, Advanced Economic Theory, Environmental and Natural Resource Economics [UG & UAD]. His PhD under A.K. Sen in Oxford which led to the book Externality and Institutions (1994) had 5 reviews and more than 150 citations. He has taught at UCL, F&M College, and at the University of Macedonia. He was recently Ανδρέας Α. visiting researcher at UCL and Harvard. He has published articles in international journals Παπανδρέου incl. Economics and Philosophy and International Environmental Agreements. Associate Professor of Environmental His research interests include Environmental and Natural Resource Economics, Climate Economics, Economics Microeconomics, Welfare Economics, Law and Economics, Institutional Economics, International B.Sc. Econ. Political Economy, Economics and Ethics Queen Mary, U of London 2 books 6 articles M.Sc. Econ., LSE 10 bk ch 8 wp Fellow, Harvard U 165 citations

D.Phil., Oxford U Evangelia Papapetrou teaches Labour Economics, Macroeconomic Theory and Advanced Economic Analysis {UG] and Labour Economics and Macroeconomic Theory at the Dept.’s MSc and UADPhilEcon. She is a research associate at the Bank of Greece. She has been the author / co-author Ευαγγελία of many articles in international journals including Economics, Bulletin, Public Choice, Journal of Population Παπαπέτρου Economics, RISEC (International Review of Economics), and Associate Journal of Economic Studies among others. She has published Professor of in edited volumes, authored many working papers and Labour Economics contributes to the Bulletin of the Bank of Greece. She is a referee in 17 journals including the Journal of Macro- economics and The Manchester School. BA Econ.

U of Athens Her research interests include the labour market, male-

MA & PhD female wage differentials, and the economic analysis of the Clark Greek and international economy. University, Massachusetts 39 articles 9 Bk ch 1270 citations Nicholas J. Theocarakis teaches Introduction to Economic Analysis [UG], History of Economic Thought [UG & UAD], Economic Growth [UG & UAD] and Classical Texts in Political Economy [UG]. He has published four books (two with Yanis Varoufakis and one edited volume) and a monograph for IOBE and he is the author/co- author of academic papers that have appeared in the Adam Smith Νίκος Review, History of Economic Ideas, International Review of Economics and the Economic and Labour Relations Review and in edited volumes. Θεοχαράκης He is Director of the Division of Political Economy, a member of the Associate Professor UADPhilEcon Committee, a Faculty Rep at the Committee of of Political Economy Research Programmes of the UoA and President of the Scientific and History of Society of Political Economy [ΕΕΠΟ]. He is at the advisory/editorial Economic Thought board of 4 scientific journals incl the History of Political Economy [HOPE], The European Journal of the History of Economic Thought and referee in 7 journals in HET and political economy. He had participated in and organized many conferences mostly in HET. He is a trustee of the Gennadius Library. BA, Econ. U of Athens His research interests include political economy, history of economic thought, especially ancient and modern Greek economic thought, MPhil & PhD and labour economics. He held the 1st honorary IKY scholarship Econ. during his 4 years of study at the Dept. U of Cambridge 4 books 9 articles 7 Bk ch 33 citations Assistant Professors Emmanuel Athanassiou teaches Microeconomics [UG, MSc & UAD] and Economics of Networks and Information [UG]. His research focuses mainly on defence economics and he has published Μανόλης in international journals incl. Defence and Αθανασίου Peace Economics and Journal of Inter- national Financial Markets, Institutions and Assistant Money. Professor of Microeconomics

License es Sciences Économiques U de Genève 7 articles MA Econ. 3 bk ch Indiana U 39 citations

PhD Econ. U of Athens Nikolaos Haritakis teaches Microeconomics and Industrial Economics [UG]. He was until recently CEO and VC of the New Enterprises Development Fund (TANEO). A former member of the Νίκος Χαριτάκης Hellenic Competition Commission, he has served as the Secretary General on Assistant Professor Privatization of the Ministry of Industry of Political Economy Energy and Technology, as the CEO of the Greek Tourism Development S.A. and as an advisor to many private companies. He has written on privatization and the

Greek economy. BA Econ. U of Athens His research interests include Contract

Theory and Law & Economics. MA & PhD Econ. Clark University 1 book 8 articles Georgia Kaplanoglou teaches Public Finance, 5 Bk ch 98 citations Microeconomics and Social Policy [UG] and Advanced Microeconomics and Topics in Economic Inequality [PG]. She is the author/co-author of academic papers that have appeared in Fiscal Γεωργία Studies, International Tax and Public Finance, Καπλάνογλου Review of Political Economy, and Public Finance Assistant Review among others. She has adapted with V. Professor of Economic Theory Rapanos for the Greek economy H. Rosen & T. and Social Policy Gayer’s book Public economy. She has published a monograph for KEPE with D.M. Newbury.

She has worked in the Economic Research BA Department in the Bank of Greece (Head of AUEB Public Finance Section and Deputy Head of Public Budget Section, Public MPhil and PhD Finance Division). She has received numerous U of Cambridge scholarships incl. a Marie Curie fellowship and an IKY scholarship. Lecturers Manos Kountouris teaches Political Economy, History of Modern Greek Economic Thought and Classical Texts in Political Economy. His doctoral dissertation The evolution of economic thought in Greece 1837- 1942 is to appear in book form in 2015. His research areas include the History of Economic Thought in Modern Greece and Political Economy. He has participated in the Conferences of the Greek Historians of Economic Thought. Μάνος Κουντούρης

Lecturer of Political Economy and History of Economic Thought

BA and PhD, Econ. U of Athens Adjunct Lecturers Θάνος Θανόπουλος Thanos Thanopoulos holds a BA from our Dept, 2 DEAs from Toulouse and a PhD from Pittsburgh U. He has published in Microeconomics journals such as the Journal of Public Economics, European Economy and the Journal of Economic Dynamics and Control. He [UG & MSc] has served as a referee for the American Economic Review, Game Theory Journal of Economic Dynamics and Control, International Tax and [UG] Public Finance, Journal of Public Economic Theory, and the Journal of Mathematical Economics. He currently works in the CEA of the Ministry of Finance.

Μαριλού An Assistant Professor at the U of Peloponnese Marylou Ιωακειμίδου Ioakimidis teaches Economics of Education. She holds a BA and a PhD in Economics from the University of Piraeus and a MA in Industrial Relations and Organizational Behavior from the U of Economics of Warwick Business School. She has published extensively in Education [UG] peer reviewed journals where she serves as a referee.

Theocharoula Magoula works as an Advisor A in the Ministry of Θεοχαρούλα Education. She holds a BA from the U of Piraeus and a MSc and a Μαγουλά PhD from AUEB. She has written three textbooks on economic theory and several textbooks on the teaching of economics and she has supervised many high school textbooks for OEDB. She has Teaching of published a paper with G. Psacharopoulos in Applied Economics Economics [UG] and many papers in conference proceedings and refereed Greek Macroeconomics scientific journals. [UG] The Division has produced in total

30 books 214 scientific articles in peer reviewed journals 104 chapters in edited volumes and it has 4000+ citations [according to Google Scholar] Six out of twelve members of the Division have a first degree from the Dept.

Their PhDs have as follows

3 from Cambridge

2 from Oxford

2 from Clark

2 from the Dept.

1 from Essex

1 from New School

1 from Connecticut