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Macroeconomics and Marxian theory

Portrait of Karl Marx, c.1875.

Since the 2008 financial crisis took hold, there has been a major intellectual shift, both in the discipline of economics and in the wider economic and social policy world, towards a renewed interest in macroeconomics. This has posed an intellectual challenge within a national discipline that had side-lined macroeconomic analysis. The Economics discipline at the OU has taken up the challenge of renewing its macroeconomic expertise, developing macroeconomic research, and applying our interdisciplinary and pluralistic approach to economics to macroeconomic processes related to income distribution, industrial dynamics, and social and welfare processes.

Qualifications available:

PhD or MPhil


For detailed information on current fees visit Fees and funding.

Entry requirements:

Minimum 2:1 (or equivalent), with masters degree preferred

Potential research projects

Topics could include:

  • Theory of growth, innovation and structural change
  • Multisectoral price and production systems
  • Developments of the Pasinetti Model
  • Financialisation, finance and economic performance
  • Welfare and labour markets
  • Inequality and income dynamics
  • Pensions, tax and policy. 

Further information

If you have an enquiry specific to this research area please contact:

Ms Jan Smith
+44 (0)1908 654456

For general enquiries please contact the Research Degrees Team via the link under 'Your Questions' on the right of the page.