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Standard economic analysis treats capitalism as simply the most general form of market economy and, consequently, bases its normative assessment of that economic system on the efficiency properties of markets. This course considers the alternative position that capitalism must be understood as both a political and an economic system and evaluated accordingly. Toward this end, new developments in the economic analysis of information, strategic behavior, and collective choice are applied in studying the central features of capitalist economies. Topics include wealth and class, division of labor and the nature of firms, capital accumulation and unemployment, the role of the state, and possible alternatives to capitalism.
Unless preregistered students attend the first class meeting or communicate directly with the instructor prior to the first class, they will be dropped from the class list. NOTE: Students must still submit a completed Drop/Add form to the Registrar's Office.
COURSE FORMAT: Lecture/Discussion
Level: UGRD Credit: 1 Gen Ed Area Dept: SBS ECON Grading Mode: Student Option
Prerequisites: (ECON111 AND ECON112) OR ECON105 Links to Web Resources For This Course.
Last Updated on MAR-26-2001
Copyright Wesleyan University, Middletown, Connecticut, 06459