PPT-Conceptualizing Capitalism

Institutions Evolution Future Introduction DISCOVERING CAPITALISM 1 Distilling the essence 2 Social structure and individual motivation 3 Law and the state 4 Property possession and contract. What is Capitalism?. Sometimes defined as “the free market” as opposed to the centrally controlled economy of the Socialist states of USSR, Soviet-bloc Eastern Europe, China, Cuba; not by . Graeber. Kritik. -An ideology. -A mindset. -“an economic system based on the private ownership of the means of production, distribution, and exchange, characterized by the freedom of capitalists to operate or manage their property for profit in competitive conditions” . Institutions, Evolution, Future. Introduction. DISCOVERING CAPITALISM. 1. . Distilling the essence. 2. . Social structure and individual motivation. 3. . Law and the state. 4. . Property, possession and contract. Institutions, Evolution, Future. Introduction. DISCOVERING CAPITALISM. 1. . Distilling the essence. 2. . Social structure and individual motivation. 3. . Law and the state. 4. . Property, possession and contract. Professor Craig Calhoun. Director and President. London School of Economics. Collapse?. Capitalism seems to be surviving a deep and still lingering global crisis. A longer period of depressed growth than the Great Depression. S. Todd. Capitalism vs. Communism. Capitalism. and . communism . are opposing schools of thought in . economics and politics. The central arguments in the communist/capitalist debate are about:. Economic equality . . Socialism, and. . Communism. Capitalism. “It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own interest.” - Smith. Bob Jessop. Lancaster University. Outline. . What is capitalism?. World system theory. . Varieties of capitalism: rival approaches. Variegated capitalism. World market and variegated capitalism. Institutions, Evolution, Future. Introduction. DISCOVERING CAPITALISM. 1. . Distilling the essence. 2. . Social structure and individual motivation. 3. . Law and the state. 4. . Property, possession and contract. -A mindset. -“an economic system based on the private ownership of the means of production, distribution, and exchange, characterized by the freedom of capitalists to operate or manage their property for profit in competitive conditions” . Two Foundational Propositions. Foundational Proposition of Critical Social Science. Many . forms of human suffering and many deficits in human flourishing are the result of existing institutions and social structures. . ELEVATE HUMANITY THROUGH BUSINESS. The Evolution of Capitalism. The landscape of capitalism and business is . shifting. . . Consumers are demanding more than variety and low prices, they are prioritizing . Industrial revolution spreads….. Rising Economic Powers are all industrial. Each will want access and control over RAW MATERIALS and MARKETS. raw materials: . Markets:. Q: What might happen when industrial nations want what NON-industrial nations have? What effect will the “industrial vs. NON-industrial tension” have on the world?. labour. , natural resources, and entrepreneurship are controlled and regulated by private businesses.. In a capitalist economy, the production of all the goods and services is dependent on the demand and supply in the market that is also known as a...