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What is Capitalism?

Massachusetts Institute of TechnologyUnited States21A.461
Free, no sign-up neededFall 2021English
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As we live in the aftermath of the Financial Crisis of 2008, there are renewed questions about the nature of the economic system—capitalism—within which we live. What are its benefits and drawbacks? Why does it garner both so much opposition and support? What are its moral, economic, social and political implications? Is it even a “system”? How has capitalism played out in different historical moments and regions of the world?

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