Yale - L1. Exploding Worlds and Course Introduction
Professor Rae introduces the concept of capital as accumulated wealth used to produce more wealth. Questions about what constitutes capital are posed and discussed. The biggest st…
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Lessons
23 results
Yale - L11. Institutions and Incentives in Mortgages and Mortgage-Backed Securities
Guest speaker Will Goetzmann, Director of the Yale International Center for Finance and professor at the Yale School of Management, provides a brief history of debt and financial…
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Yale - L12. Accountability and Greed in Investment Banking
Professor Rae explores the creation of incentives and disincentives for individual action. The discussion begins with the Coase Theorem, which outlines three conditions for effici…
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Yale - L13. The Mortgage Meltdown in Cleveland
Professor Rae discusses the subprime mortgage crisis. Major actors are presented and analyzed, including homebuyers, brokers, appraisers, lenders, i-banks, and rating and governme…
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Yale - L14. The Political and Judicial Elements of American Capitalism
Professor Rae uses the Merck-Vioxx business case to highlight political elements of U.S. capitalism, including government regulatory agencies, federalism, lobbying, regulatory cap…
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Yale - L15. Mass Affluence Comes to the Western World
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 Industria…
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Yale - L16. Braudel's Bell Jar
Professor Rae explores Hernando de Soto's theories of dead and live capital and the power of property rights. According to de Soto, informal property must carefully be integrated…
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Yale - L17. The Case of Mister Balram Halwai
Professor Rae discusses Aravind Adiga's novel The White Tiger. The novel reveals the difficulties developing countries face dismantling entrenched inequalities. Corruption and chr…
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Yale - L18. Microfinance in South India
Professor Rae teaches the SELCO business case, about a distributed electric power generation scheme targeting rural Indians. In presenting the case, Professor Rae discusses severa…
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Yale - L19. Plight of the Bottom Billion
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 ine…
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Yale - L2. Thomas Malthus and Inevitable Poverty
Professor Rae shows how countries over the last two centuries have experienced improved life expectancies and increased incomes per capita. Dynamic graphical representation of thi…
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Yale - L20. Policy Targets for Capitalist Development
Professor Rae begins by briefly discussing his recent trip to Washington, where he became more closely acquainted with the health care reform bill. Professor Rae uses this example…
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