Capitalism: Success, Crisis and Reform

Course Description

In this course, we will seek to interpret capitalism using ideas from biological evolution: firms pursuing varied strategies and facing extinction when those strategies fail are analogous to organisms struggling for survival in nature. For this reason, it is less concerned with ultimate judgment of capitalism than with the ways it can be shaped to fit our more specific objectives – for the natural environment, public health, alleviation of poverty, and development of human potential in every child. Each book we read will be explicitly or implicitly an argument about good and bad consequences of capitalism.

Course Structure:
This Yale College course, taught on campus twice per week for 50 minutes, was videotaped for Open Yale Courses in Fall 2009.

Capitalism: Success, Crisis and Reform
About Professor Douglas W. Rae

Douglas W. Rae is Richard Ely Professor of Management and Professor of Political Science at Yale University since 1967. He served as chief administrative officer of the City of New Haven in 1990 and 1991. A fellow of the American Academy of Arts and Sciences and a former Guggenheim Fellow, Professor Rae has been a consultant for the Parliament of Spain, the Italian Christian Democratic Party, and the BBC. He has served as president of Leeway, Inc., a nonprofit corporation serving AIDS patients. His latest book, City: Urbanism and Its End, was published in the fall of 2003.
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Video Lectures & Study Materials

Visit the official course website for more study materials:

# Lecture Play Lecture
1 Exploding Worlds and Course Introduction Play Video
2 Thomas Malthus and Inevitable Poverty Play Video
3 Counting the Fingers of Adam Smith's Invisible Hand Play Video
4 Karl Marx, Joseph Schumpeter, and an Economic System Incapable of Coming to Rest Play Video
5 Property, Freedom, and the Essential Job of Government Play Video
6 Rise of the Joint Stock Corporation Play Video
7 Can You Sell a Scheme for Operating on Beating Hearts andMake a Business of It? Play Video
8 Mortal Life Cycle of a Great Technology Play Video
9 Guest Lecture by Jim Alexander: Managing the Crooked E Play Video
10 Guest Lecture by Richard Medley: Entrepreneurship in Business Information Play Video
11 Guest Lecture by Will Goetzmann: Institutions and Incentives in Mortgages and Mortgage-Backed Securities Play Video
12 Accountability and Greed in Investment Banking Play Video
13 The Mortgage Meltdown in Cleveland Play Video
14 The Political and Judicial Elements of American Capitalism Play Video
15 Mass Affluence Comes to the Western World Play Video
16 Braudel's Bell Jar Play Video
17 The Case of Mister Balram Halwai Play Video
18 Microfinance in South India Play Video
19 Plight of the Bottom Billion Play Video
20 Policy Targets for Capitalist Development Play Video
21 Guest Lecture by Paolo Zanonni, Part I Play Video
22 Guest Lecture by Paolo Zanonni, Part II Play Video
23 Marrying the Devil in Texas Play Video
24 Capitalist Enterprise and Clean Water for a Bolivian City Play Video


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