We live in a capitalist economic system, but what does that mean? And should we be looking to reform, or even replace, this system? This short course combines political economy and ethics to consider the arguments for and against capitalism.
In order to assess capitalism we need to know what it is and how it works. Capitalism will be contrasted with rival systems such as feudalism and socialism. Capitalist systems can vary as well, with different versions extending markets to different areas of life and society.
Some of the major thinkers whose work we will encounter along the way include Adam Smith, John Stuart Mill, Karl Marx and F.A. Hayek. However, a lot of the discussion will be framed around issues that remain contemporary. This will include environmental damage, low-paid labour, overwork and consumption, whether capitalism fails women, and whether things like human kidneys should be for sale.
By the end of the course, you should have a better understanding of the arguments about capitalism, why people disagree about economic policy issues, and your own view on controversial issues.