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Lecture 1 - Exploding Worlds and Course Introduction
This video was recorded at PLSC 270 - Capitalism: Success, Crisis and Reform. Professor Rae introduces the concept of capital as accumulated wealth used to produce more wealth. Questions about what constitutes capital are posed and discussed. The biggest story in recent economic history is the substitution of labor intensive production to capital intensive production. This transition, and the various speeds and scales with which it has occurred in different places at different times, has generated large income disparities around the world. Characteristics of capitalism are presented and discussed.
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This work is licensed under a Attribution-NonCommercial-NoDerivs 3.0 United States
