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American Capitalism: A History

By Louis Hyman and Edward Baptist

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Perhaps no story is as essential to get right as the history of capitalism. Nearly all of our theories about promoting progress come from how we interpret the economic changes of the last 500 years. This past decade’s crises continue to remind us just how much capitalism changes, even as its basic features—wage labor, financial markets, private property, entrepreneurs—endure. While capitalism has a global history, the United States plays a special role in that story. This course will help you to understand how the United States became the world’s leading economic power, revealing essential lessons about what has been and what will be possible in capitalism’s on-going revolution. Register for the course at

Customer Reviews

Perfect for anyone interested in business and history

fascinating history of capitalism. could uses longer sections than ~10 min, but still 5 star worthy

Lack theory

They refuse to define capitalism - but this just turns their project into economic history. You need a theory of what capitalism is to historicize it, otherwise you can’t identify what came before or think about what might come after. This is just mindless empiricism. Worse - they get what little theory they do cover (Smith, Keynes) very, very wrong. Smith doesn’t naturalize commercial society, he explicitly says it’s a new “stage” in human history!! All of book 3 is dedicated to the historical formation of commercial society!! Do theory mindfully or do it badly, those are the choices.

3 to 5 minute videos are annoying

Im very interested in this topic and the professors present it well but the format of the class is too annoying. The clips are too short. I don't need an intro song every 3 minutes. Please just give me 45 min to one hour lectures like a normal course.

American Capitalism: A History
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  • Free
  • Category: History
  • Language: English

Customer Ratings