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Capitalism vs. Socialism: Comparing Economic Systems

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Capitalism vs. Socialism: Comparing Economic Systems

By: The Great Courses
Narrated by: Professor Edward F. Stuart PhD
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About this listen

Ever since we produced our course Thinking About Capitalism, customers have expressed interest in a follow-up course that could help them understand socialism in the same way. After much consideration, we determined that it actually would be more beneficial to create a course that compares and contrasts the two major global economic theories, examining them in ways that move past the polemics many of us are used to and looking at these systems as they relate to one another and the world at large.

Politics and economics are inextricable, so it can be difficult to find the right person to tackle such a complex and often polarizing subject as objectively as possible. Luckily, we found Professor Edward Stuart, an economist and teacher who specializes in comparative economics. Professor Stuart brings not only economic expertise, but personal experience gleaned from teaching, traveling, and consulting all over the world, and it is this wide lens of experience that helps make Capitalism vs. Socialism such an engaging new entry in our library of courses.

PLEASE NOTE: When you purchase this title, the accompanying reference material will be available in your Library section along with the audio.

©2018 The Great Courses (P)2018 The Teaching Company, LLC Politics & Government Thought-Provoking

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All stars
Most relevant
the course tackled some difficult questions and does not provide any clear answers to some of them...not at all a criticism, makes it quite clear as to why some major economic problems exist and as to why it's very complicated.

A really interesting course and was never boring!

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brilliant that audible do the great courses and the latest courses at that keep up the good work brian daly

excellent

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A Wikipedia of knowledge very well presented, amazing narrative of history towards today. Just great

Must read economic intro

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I found this completely addictive and immersive. It's a vital and fraught subject and I found Professor Stuart pitched it at just the right level: personal and humorous without dumbing down or not doing justice to the gravity of the issues and history, and getting into the meat of the issues without drowning the listener in economic jargon or detail – it was always fascinating and accessible.

I would also like to take issue with the bizarre second paragraph of the review by G Douglas Whistler. Unsurprisingly, Stuart does not justify slavery (which he explicitly refers to as a "barbaric practice")! Stuart explains that Southern US plantation owners switched from white labourers to black slaves because the former fared badly in the southern climate – that is a description of slaveowners' motives, not a justification of them! There is no "obsession" with "national origins of individuals", unless explaining things like how Adam Smith's thoughts emerged in the specific context of the Scottish Enlightenment is what the reviewer is referring to! "Personal pride and sexism": I can only speculate wildly as to what might have prompted those particular judgements. I assume the reviewer believes that communism could have worked much better than capitalism if only the communist leaders had been better, and is angry that Stuart does not explore this idea. Instead, Stuart is never ham-fisted, but based on his lectures and focus on history, rather than theorising, one does get a positive impression of social democratic systems like Sweden and Slovenia, and a much less favourable impression of both state planned and free market systems. Even then, Stuart is always careful to state both pros and cons. Even the Stalinist system receives recognition for the speed of industrial transformation, and for getting women in the workplace much earlier than in the USA.

Fascinating and enlightening

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Easy listening, filled with personal touches to enchance the sometimes dry info. Would recommended to anyone interested on the subject.

interesting overview

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