Introduction and Class Agenda - Capitalism, Success, Crisis and Reform - Capitalism, Success, Crisis and Reform - Douglas W Rae - Lecture 18 of 23 - Video-lecture

Video-lecture, Economic Sociology

Description: In a videotaped lecture, Professor Rae discusses problems with using gross domestic product (GDP) as a measure for societal wellbeing. For example, GDP fails to capture wealth inequality and socially undesirable conditions that can increase GDP.