economic risks
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Professor Shapiro continues his examination of Jeremy Bentham's formulation of classical utilitarianism, with a focus on the distributive implications of the theory of "maximizing the greatest happiness of the greatest number." He engages students in a discussion of a guiding principle of classical utilitarianism, the principle of diminishing marginal utility, and some traditional critiques of this principle. Professor Shapiro examines the...more
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Professor Blight begins this lecture with an attempt to answer the question "why did the South secede in 1861?" Blight offers five possible answers to this question: preservation of slavery, "the fear thesis," southern nationalism, the "agrarian thesis," and the "honor thesis." After laying out the roots of secession, Blight focuses on the historical profession, suggesting some of the ways in which historians have attempted to explain the ...more
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One of the central questions in assessing Stalinism is whether or not the abuses of the latter were already present in the first years of the Russian Revolution. The archival evidence suggests that this is partly the case, and that even in its early stages Soviet Russia actively persecuted not just those who were believed to have profited unfairly, without laboring, but also non-Russian ethnic groups. Stalin, although not an ethnic Russian...more
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In this lecture, Professor Donald Kagan explores the rise, fall, and significance of tyrannies in the Greek polis. He argues that the various tyrannies in the Greek world had both negative and positive aspects, which need to be appreciated. For instance, on the one hand, tyrannies promoted economic, commercial and artistic advances. On the other hand, tyrannies ruled absolutely and curbed the freedom of the polis. Finally, Professor Kaga...more
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The global AIDS pandemic furnishes a case study for many of the themes addressed throughout the course. While in the developed West the disease largely afflicts concentrated high-risk groups such as intravenous drug users and the sexually promiscuous, in Southern Africa it is much more a generalized disease of poverty. In countries such as Botswana and Swaziland, the economic and social consequences of the disease have created a vicious ci...more
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Environmental Politics and Law (EVST 255) To illustrate the linkages among national security, secrecy, and environmental quality, Professor Wargo describes the Atomic Energy Commission's nuclear tests in the 1950s. The Atomic Energy Commission collected data on the spread of radionuclides from the nuclear tests, and discovered that the radionuclides were circulating around the world. This process of discovery raised issues regarding way...more
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Behavioral Finance is a relatively recent revolution in finance that applies insights from all of the social sciences to finance. New decision-making models incorporate psychology and sociology, among other disciplines, to explain economic and financial phenomenon, such as erratic stock price variations. Psychological patterns such as overconfidence and perceived kinks in the value function seem to impact financial decision-making, but are...more
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Environmental Politics and Law (EVST 255) During this session, Professor Wargo stresses the importance of considering the persistence of pollutants in the environment. He continues the discussion of the Atomic Energy Commission's (AEC) risk management strategies in the wake of nuclear experiments from 1945-1963, and also introduces risk reduction strategies attempted after the nuclear explosion at Chernobyl. These strategies underestima...more
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Estrin talks about the personal connectivity cycle. The cycle of connecting people is the notion of people being able to connect to each other and connect to information anywhere. This means true mobility and ubiquitous, high bandwidth connectivity, she says. The enablers of this cycle are economic and behavioral. From an IT demand perspective, she explains, the real win is in the consumer devices and services and not in the IT infrastruct...more
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The disintegration of the Soviet Union resulted from a number of different factors. Three important ones are nationalism among Soviet satellite states, democratic opposition movements, and economic crisis. Along with these elements, the role of Mikhail Gorbachev should not be discounted. Although his attempt to reform communism was rejected, his reformist positions as Soviet premier helped open the way for full-fledged political dissidence...more
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While Nazi Germany's crimes were unprecedented, Adolf Hitler himself was in many respects a typical figure. An idle youth, of seemingly mediocre talents, his political career and passionate hatreds were formed by the experience of World War I. The rise of fascism in Germany, as elsewhere, must be understood in the context of a postwar climate of resentment and instability. Germany's economic crisis, in particular, led the middle classes to...more
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Black Reconstruction in the South: The Freedpeople and the Economics of Land and Labor
Yale / History
Professor Blight begins this lecture in Washington, where the passage of the first Reconstruction Act by Congressional Republicans radically altered the direction of Reconstruction. The Act invalidated the reconstituted Southern legislatures, establishing five military districts in the South and insisting upon black suffrage as a condition to readmission. The eventful year 1868 saw the impeachment of one president (Andrew Johnson) and the ...more
