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FIN 412 Capitalism and Its Critics (3 Credits)

Students will examine the socio-political implications of financial theories for organizations in the framework of the historical evolution of industrial economies. Students will discuss the theories of the following thinkers: Milton Friedman, Ayn Rand, Max Weber, Karl Marx, John Kenneth Galbraith, and Joseph Schumpeter.

Learning Outcomes:

  • Understand the implications of economic theories for social and political organization in the context of the historical evolution of industrial societies.
  • Address the evolution of the modern capitalist economy and evaluates its current structure and performance.
  • Compare and contrast various paradigms of economics (neoclassical, Marxist, socioeconomic, and neo-corporate) in order to understand how modern capitalism has been shaped and how it functions in today's economy.
  • Understand general analytic reasoning and problem formulation rather than specific analytic techniques.