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Capitalism: Success, Crisis and Reform - Video

By Douglas W. Rae

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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.

Customer Reviews


I feel so lucky to be able to listen/watch such a fantastic course on my way to work. Dr. Rae gives great balance in his discussions on capitalism and his friendly manner makes it easy to listen to. The guest lecturers are very knowledgable and the additional insight they provide really gives the course great depth. I only wish I had the supplemental readings he assigns his students to get a better background on the topics. But for the price I'm paying ($0), I'm happy with just the lectures!

Hmmmmm - not what I would have hoped for

I really like a lot of the free classes offered by Yale. The Evolution Ecology class is boss. The Financial Markets and Game Theory classes are on point.

This one is a bit dodgy. I want to say something extreme like the class was middling, intellectually dishonest, cowardly, a wasted opportunity blah blah blah. Instead I will say that I found a few things awesome and a lot of the material ... not a good match for my tastes and interests. I would have enjoyed something with more insight into practical capitalist kung fu, balanced with more info on white collar crime, fraud and corruption *within* the USA. Stuff like that. Also it would have been cool if the business cases were more up to date. Poloroid? OMG.

Dr. Rae's Lectures

Outstanding job by the people at Yale. Regardless of your background, download and watch as you will not be disappointed. Well Done!