Yale - L21. Guest Lecture by Paolo Zanonni, Part I
Guest speaker Paolo Zanonni, partner at Goldman Sachs, discusses the firm's transition from a straight partnership to a hybrid partnership/joint stock corporation. The impetus for…
View lesson →Economics
Lessons
23 results
Yale - L22. Guest Lecture by Paolo Zanonni, Part II
Guest speaker Paolo Zanonni, partner at Goldman Sachs, explains a major deal in the European utilities market. Enel, a major European utility, attempted to totally transform its p…
View lesson →
Yale - L23. Marrying the Devil in Texas
Professor Rae discusses the case TXU v. EDF, about an electric company private equity deal that involves environmental interest groups. Professor Rae structures the discussion by…
View lesson →
Yale - L24. Capitalist Enterprise and Clean Water for a Bolivian City
In this final lecture of the semester, Professor Rae gives a summary of major themes, thinkers, and cases covered in the course. He begins by reviewing some foundational ideas, in…
View lesson →
Yale - L3. Counting the Fingers of Adam Smith's Invisible Hand
Professor Rae introduces Adam Smith's notion of the "invisible hand" of the market. Several preconditions must be met for the invisible hand to work. Markets must be open, and the…
View lesson →
Yale - L4. Karl Marx, Joseph Schumpeter, and an Economic System Incapable of Coming to Rest
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 "i…
View lesson →
Yale - L5. Property, Freedom, and the Essential Job of Government
A practical theory of freedom is discussed, based on Hayek's Constitution of Liberty. Free societies can be thought of as great learning machines capable of aggregating individual…
View lesson →
Yale - L6. Rise of the Joint Stock Corporation
Professor Rae explains how the growing scale and complexity of railroads in the US were foundational to the development of modern capitalism. Operating the railroad system require…
View lesson →
Yale - L7. Can You Sell a Scheme for Operating on Beating Hearts and Make a Business of It?
Dean of the Yale School of Management, Sharon Oster, explains the CardioThoracic business case. Barriers to CardioThoracic's success are discussed, including competition from othe…
View lesson →
Yale - L8. Mortal Life Cycle of a Great Technology
Professor Rae uses the case of Polaroid cameras to highlight key features of the capitalist system. Polaroid's business model, corporate culture, and firm trajectory are discussed…
View lesson →
Yale - L9. Guest Lecture by Jim Alexander: Managing the Crooked E
Jim Alexander, former CFO of the Enron subsidiary Enron Global Power and Pipeline, offers an insider's account of Enron's corporate culture and operations before the company's spe…
View lesson →