What is capitalism? An economic and social system that maximizes both individual freedom and social good? An exploitative arrangement dependent on the subordination of labor to capital? A natural arrangement guided by a munificent invisible hand? Or a finely tuned mechanism requiring state support? This class offers undergraduate and graduate students a forum to consider these questions by reading selected works by historians, sociologists, economists, and other thinkers. Together we will work our way through primary sources from the twentieth century, using them to examine how capitalism has been understood, conceptualized, defended, and attacked. We will study the history of debates about markets, the state, and social organization, taking capitalism as both an economic system and a culture. Permission number required to enroll. Please contact Professor Burns at jenniferburns@stanford.edu to request permission to enroll in the course.
5 units · Letter or Credit/No Credit · GER: WAY-ER, WAY-SI
What is capitalism? An economic and social system that maximizes both individual freedom and social good? An exploitative arrangement dependent on the subordination of labor to capital? A natural arrangement guided by a munificent invisible hand? Or a finely tuned mechanism requiring state support? This class offers undergraduate and graduate students a forum to consider these questions by reading selected works by historians, sociologists, economists, and other thinkers. Together we will work our way through primary sources from the twentieth century, using them to examine how capitalism has been understood, conceptualized, defended, and attacked. We will study the history of debates about markets, the state, and social organization, taking capitalism as both an economic system and a culture. Permission number required to enroll. Please contact Professor Burns at jenniferburns@stanford.edu to request permission to enroll in the course.
Offered in Autumn 2025 at Stanford University.