Marxist Historicism, labor quality - Capitalism, Success, Crisis and Reform - Capitalism, Success, Crisis and Reform - Douglas W Rae - Lecture 4 of 23 - Video-lecture

Video-lecture, Economic Sociology

Description: Professor Rae relates Marxist theories of monopoly capitalism to Schumpeter's theory of creative destruction. Both Marx and Schumpeter agree that capitalism is a system that is "incapable of standing still," and is always revising (or revolutionizing) itself.
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University: Yale University (CT)
Address: Economics
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