Capitalism: Success, Crisis and Reform
Yale, , Prof. W. Rae
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Updated On 02 Feb, 19
Exploding Words - Thomas Malthus and Inevitable Poverty - Counting the Fingers of Adam Smith's Invisible Hand - Karl Marx, Joseph Schumpeter, and an Economic System Incapable of Coming to Rest - Property, Freedom, and the Essential Job of Government - Rise of the Joint Stock Corporation - Can You Sell a Scheme for Operating on Beating Hearts and Make a Business of It - Mortal Life Cycle of a Great Technology - Guest Lecture by Jim Alexander: Managing the Crooked E-Institutions and Incentives in Mortgages and Mortgage - Backed Securities - Accountability and Greed in Investment Banking - The Mortgage Meltdown in Cleveland - The Political and Judicial Elements of American Capitalism - Mass Affluence Comes to the Western World - Braudel's Bell Jar - The Case of Mister Balram Halwai-Microfinance in South India-plight of the Bottom Billion - Policy Targets for Capitalist Development - Marrying the Devil in Texas - Capitalist Enterprise and Clean Water for a Bolivian City
4.1 ( 11 )
Capitalism Success, Crisis and Reform (PLSC 270)
Professor Rae explores the creation of incentives and disincentives for individual action. The discussion begins with the Coase Theorem, which outlines three conditions for efficient transactions 1) clear entitlements to property, 2) transparency, and 3) low transaction costs. Professor Rae then tells the story of a whaling law case from 1881 to highlight the power of incentives and property rights. The conversation then moves to Hernando de Sotos portrayal of the development of property rights in the American West, and then shifts to a discussion of New Haven deeds, property values, and valuation of real estate. The lecture concludes with a discussion of Morys.
Complete course materials are available at the Open Yale Courses website httpopen.yale.educourses
This course was recorded in Fall 2009.
Sep 12, 2018
Excellent course helped me understand topic that i couldn't while attendinfg my college.
March 29, 2019
Great course. Thank you very much.