Capitalism: Success, Crisis and Reform (PLSC 270)
Professor Rae relates Marxist theories of monopoly capitalism to Schumpeter’s theory of creative destruction. Both Marx and Schumpeter agree that capitalism is a system that is “incapable of standing still,” and is always revising (or revolutionizing) itself. Professor Rae critiques Marxist determinism and other features of Marx’s theories. To highlight Schumpeterian creative destruction, Professor Rae uses examples from technological revolutions in energy production since water-powered mills. Marx’s labor theory of value is discussed. Professor Rae highlights aspects overlooked by Marx, including supply and demand for labor, labor quality, and the role of capital in economic growth. Professor Rae also notes problems with Marx’s predictions, including the prediction that the revolution will occur in the most advanced capitalist economies. Professor Rae also discusses Marx’s theory of the universal class, the end of exploitation, and the withering away of the state.
00:00 – Chapter 1: Introduction
06:30 – Chapter 2: Marxist Historicism
11:36 – Chapter 3: Monopoly Capitalism
27:31 – Chapter 4: Falling Rates of Profit
34:42 – Chapter 5: Immiseration of the Working Class in Late Capitalism
38:30 – Chapter 6: Inevitable Revolution in Advanced Capitalist Systems
42:06 – Chapter 7: Theory of the Universal Class
43:23 – Chapter 8: Withering Away of the State
Complete course materials are available at the Open Yale Courses website: https://open.yale.edu/courses
This course was recorded in Fall 2009.
Boston 6-String Banjo
Tuned like a Guitar, Guitar players can get up and go with this 6-string banjo – Uniquely Deering, the Boston Banjo breaks with tradition and provides a professional quality sound at a lower price point by creating the rim from 3/16″ rolled steel which rings like a tone ring. Also, upgrading the accuracy of tuning by way of guitar tuners with a higher gear ratio than the traditional banjo tuners.. The uniquely Deering Inlay pattern gives you visual beauty enhancing the great performance. This banjo is the preferred sound in country recording studios and in non-traditional bands like the Keith Urban Band. You can hear this banjo played on Keith Urban songs like “Someone Like You” and his Grammy award winning “Sweet Thing.”
It has big resonant bass notes that you don’t find on a 5-string banjo, and also crisp highs for that beautiful banjo tone.
Neck Wood Mahogany
Finish Satin
Number of Strings 6
Type of Banjo 6-String
Tone Ring Steel Rim
Neck:
Tropical American Mahogany
Slender Deering Neck Shape
Arched Ebony Fingerboard
Seed & Vine Inlays,
Guitar Style Tuners
Adjustable truss-rod
22 Pressed In Nickel-Silver Frets
Pot:
3/16″ Durable Nickel Plated Steel Rim
24-Piece Butterfly Flange
24 flat hooks with 9/32″ hex nuts
24 Bracket Shoes
11″ Frosted Top High Crown Head
Beveled Tension Hoop
Deering 6-string Tailpiece
Nickel Plated Hardware,
Deering 6-String Tailpiece
Resonator:
Mahogany, with white binding
Trimmed in White
Straight Side Walls
Satin Finish
Tone:
Has the sweet sound of mahogany with less sustain for clear notes. Crisp highs and good bass response with less overtones than many banjos. Easy to play with clarity of note separation. Great for recording.
Tuned E,A,D,G,B,E for standard Guitar tuning, can also be tuned in other tunings
To get the best
banjo tone it should have light or extra light guitar strings or electric guitar strings.
Includes a Deering Hardshell Case
Dimensions:
Neck Width at the Nut 1 ¾”
Scale Length Nut to Bridge 26 ¼”
Resonator diameter 13 7/8″
Overall Instrument Length 38 ½”
The Deering professional series offers an inspiring collection of professional grade banjos which, when played, will leave the player longing for more. Built in our California facility by the same team who make the Goodtime Series and the Private Collection models, these high quality American made instruments are built to be played and will stand up to any live or studio performance. Professional Collection models come packed with features including beautiful intricate inlay work, more choices of wood, ebony fingerboard, gloss finish on select models, a hard-shell case and a lifetime warranty. All you have to do is try one. You wont need anything else.