Mass Affluence Comes to the Western World - Capitalism, Success, Crisis and Reform - Capitalism, Success, Crisis and Reform - Douglas W Rae - Lecture 14 of 23 - Video-lecture

Video-lecture, Economic Sociology

Description: Professor Rae discusses the rise of mass affluence, the joint stock corporation, and advertising/consumer culture in America. Gregory Clark's theory of the causes of the Industrial Revolution, including England's "downward social mobility" in the medieval and early modern periods, are explored. According to this theory.
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University: Yale University (CT)
Address: Economics