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THINKING ABOUT CAPITALISM

Jerry Z. Muller

 

The Great Courses, Chantilly, Virginia, 2008, 36 lectures on DVD with two volume transcript, time line, Glossary, biographical notes, bibliography.

 
 

Reviewer comments: This is an excellent lecture series with full printed transcript. It adds to Professor Muller's book The Mind and the Market, which is also about the ideas of significant philosophers and political commentators about capitalism. It has a similar format or structure. Dr. Muller discusses - the political, economic, social, and intellectual environment in which the author lived - his family background and personal biases - his thoughts expressed about capitalism broadly considered - and something about the subsequent relevance of his views to posterity. Each lecture is focused on one or several related authors. Each lecture (and book chapter) has a set of questions and recommended additional readings.

To me the importance of this book and others like it is the importance of ideas. My view is - 1 actions that form the general basis of the history we study - 2 stem from and are the result from decisions. and - 3 decisions are based on beliefs which are ideas either consciously expressed or unconscious reactions to 'wired' recesses of the brain. Thus to understand history one must focus some attention on the beliefs that generated the actions described in the accounts - including also the beliefs of the individuals who wrote the descriptions.

 
 

Chapter One - Why Think about Capitalism?

The author states that he is an 'intellectual historian' that is a student of the development and influence of ideas in society. He considers the usual public understanding of what constitutes 'capitalism'. But, he writes, "The premise of this series of lectures is that there is a lot more to capitalism than that- that capitalism is too important and complex to be left to the economists. That is because capitalism involves a great deal more than what we typically think of as economic." He gives examples. He indicates that the underlying social, cultural, economic conditions in which capitalism began, expanded, changed themselves changed. The resulting form of capitalism today is different from its form in the 18th century. In order to discuss a concept such as capitalism we must establish what are the characteristics that we are discussing. He discusses some characteristics commonly believed: 1 is private property -2 is exchange between legally free individuals and 3 is that it is a system in which the production and distribution of goods operate primarily through the market mechanism. Yes, these are the standard characteristics one finds in usual definitions.

But I happen to disagree, since I have a different view on what ideas resulted in the decisions that created the essential nature of capitalism. Of course everyone knows that the term ' capitalism' was not coined until in the 19th century after it had existed for centuries and by dogmatic opponents who created the term in order to denounce it. No matter, Dr. Muller explains and evaluates the standard characteristics that define capitalism.

 
 

Chapter Two - The Greek and Christian Traditions

 
 

Chapter Three - Hobbes's Challenge to the Traditions

 
 

Chapter Four - Dutch Commerce and National Power

 
 

Chapter Five - Capitalism and Toleration - Voltaire

 
 

Chapter Six - Abundance or Equality - Voltaire vs. Rousseau

 
 

Chapter Seven - Seeing the Invisible hand - Adam Smith

 
 

Chapter Eight - Smith on Merchants, Politicians, Workers

 
 

Chapter Nine - Smith on the Problems of Commercial Society

 
 

Chapter Ten - Smith on Moral and Immoral Capitalism

 
 

Chapter Eleven - Conservatism and Advanced Capitalism - Burke

 
 

Chapter Twelve - Conservatism and Periphery Capitalism - Moser

 
 

Chapter Thirteen - Hegel on Capitalism and Individuality

 
 

Chapter Fourteen - Hamilton, List and the Case for Protection

 
 

Chapter Fifteen - De Tocqueville on Capitalism in America

 
 

Chapter Sixteen - Marx and Engles - The Communist Manifesto

 
 

Chapter Seventeen - Marx's Capital and the Degradation of Work

 
 

Chapter Eighteen - Mathew Arnold on Capitalism and Culture

 
 

Chapter Nineteen - Individual and Community - Tonnies vs. Simmel

 
 

Chapter Twenty - The German Debate over Rationalization

 
 

Chapter Twenty One - Cultural Sources of Capitalism - Max Weber

 
 

Chapter Twenty Two - Schumpeter on Innovation and Resentment

 
 

Chapter Twenty Three - Lenin's Critique - Imperialism and War

 
 

Chapter Twenty Four - Fascists on Capitalism - Freyer and Schmitt

 
 

Chapter Twenty Five - Mises and Hayek on Irrational Socialism

 
 

Chapter Twenty Six - Schumpeter on Capitalism's Self- destruction

 
 

Chapter Twenty Seven - The Rise of Welfare-Sate Capitalism

 
 

Chapter Twenty Eight - Pluralism and Limit to Social Justice - Hayek

 
 

Chapter Twenty Nine- Herbert Marcuse and the New Left Critique

 
 

Chapter Thirty - Contradictions of Postindustrial Society

 
 

Chapter Thirty One - The Family under Capitalism

 
 

Chapter Thirty Two - Tensions with Democracy - Buchanan and Olson

 
 

Chapter Thirty Three - End of Communism, new Era of Globalization

 
 

Chapter Thirty Four - Capitalism and Nationalism - Ernest Gelilner

 
 

Chapter Thirty Five - The Varieties of Capitalism

 
 

Chapter Thirty Six - Intrinsic Tensions in Capitalism

 

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