Capitalism and Its Critics

A huge bust of a bearded man sits in front of a multi-floored building.

The Karl Marx Monument in Chemnitz, Germany, with the phrase "Workers of the world, Unite!" (from The Communist Manifesto) written in four languages on the wall behind it. (This image is in the public domain. Source: Zairon.)

Instructor(s)

MIT Course Number

14.72

As Taught In

Fall 2013

Level

Undergraduate

Cite This Course

Course Description

This course addresses the evolution of the modern capitalist economy and evaluates its current structure and performance. Various paradigms of economics are contrasted and compared (neoclassical, Marxist, socioeconomic, and neocorporate) in order to understand how modern capitalism has been shaped and how it functions in today's economy. The course stresses general analytic reasoning and problem formulation rather than specific analytic techniques. Readings include classics in economic thought as well as contemporary analyses.

Other OCW Versions

Archived versions: Question_avt logo

Piore, Michael. 14.72 Capitalism and Its Critics, Fall 2013. (MIT OpenCourseWare: Massachusetts Institute of Technology), http://ocw.mit.edu/courses/economics/14-72-capitalism-and-its-critics-fall-2013 (Accessed). License: Creative Commons BY-NC-SA


For more information about using these materials and the Creative Commons license, see our Terms of Use.


Close