Capitalism vs. Socialism Comparing Economic Systems

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Professor Biography Course Scope Lecture 1—Gorbachev’s Hello and the Soviet Goodbye Debates about Comparative Economics Health Care Education Mass Transportation Housing Lecture 2—Adam Smith, Karl Marx, Keynes, and Friedman Adam Smith Karl Marx John Maynard Keynes and Milton Friedman Lecture 3—How to Argue GDP, Inflation, and Other Data Gross Domestic Product Income Distribution Quality of Life and Health Employment and Unemployment Inflation Lecture 4—British Revolution: Industry and Labor Financial Innovations Building Industrial Capitalism British Political Economy The Labour Party Lecture 5—American Capitalism: Hamilton and Jefferson Economy of the American Revolutionary War Economy of the American Civil War A Growing Economy Lecture 6—Utopian Socialism to Amana Microwave Ovens Utopian Socialism Socialist Reformers The Amana Colonies Lecture 7—The Bolsheviks: Lenin, Trotsky, and Stalin Vladimir Lenin Leon Trotsky Joseph Stalin Lecture 8—Soviet Planning and 1,000 Left-Foot Shoes The Five-Year Plan State Farms and Collectives Education The Soviet Economy Lecture 9—Economic Consequences of European Peace Keynes’s Analysis Balance of Payments Tariffs Economic Trouble in Europe Lecture 10—How FDR and Keynes Tried to Save Capitalism Macroeconomic Principles Galbraith’s Five Causes of the Great Depression Keynesian Economics FDR’s New Deal Lecture 11—Social Democracy in Europe Reforming Capitalism The Beginnings of Social Democracy Public versus Private Goods The Rise of Social Democracy Unstable Capitalism and Stabilizing Influences Lecture 12—Sweden’s Mixed Economy Model A History of Equality Trade and Exports Key Fiscal Policies Lecture 13—French Indicative Planning and Jean Monnet French Economy and Society Monnet’s Indicative Planning French Politics and Values Lecture 14—British Labour Party and National Health The Labour Party and the Beveridge Report The National Health Service Industry Nationalizations Economic Distress The Thatcher Government Lecture 15—Social Welfare in Germany: Bismarck to Kohl Bismarck’s Health-Care System Development of the New Federal Republic German Education and Business Lecture 16—Soviet Bloc: Conformity and Resistance Soviet Communism The Soviet Economic Model Revolt against Soviet Domination Lecture 17—Two Germanies: A Laboratory in Economics Postwar Germany The Economy of West versus East Germany The Berlin Wall A Divided Germany Lecture 18—The Soviet Union’s Fatal Failure to Reform From Khrushchev to Gorbachev The Soviet Economy Problems with Soviet Planning Soviet Failure Lecture 19—“Blinkered and Bankrupt” in Eastern Europe Eastern European Economies The Communist System Living Standards in Eastern Europe Communist Collapse Lecture 20—From Chairman Mao to the Capitalist Roaders Premodern Chinese History Chinese Leaders From Agriculture to Industry Mao’s Decline Lecture 21—After Deng, China Privatizes and Globalizes Transition Reforms: China versus Russia Deng-Era Reforms Chinese Exports to the United States Lecture 22—Asian Tigers: Wealth and State Control Common Approaches to Economic Growth South Korea Taiwan Singapore Lecture 23—European Union: Success or Failure? The Creation of the European Union Stages of Economic Integration A Single European Currency Lecture 24—Both Sides Now: Experiment in Slovenia A Brief History of Slovenia Slovenia’s Rapid Transition Slovenia’s Economy Bibliography Image Credits