Module 2, Lesson 2.2: The Bad: Recessions, Sunspot and Investment Theories

Written By SCEPA

In this second lesson of Module 2, Associate Professor Paulo dos Santos discusses the bad in the functioning of capitalist economies. He considers instability and crises in market functioning, and argues that a decentralised capitalist economy has persistent difficulties coordinating individual decisions in ways that sustain high measures of economic activity, incomes, and employment.

By the end of this video (1/5), learners will be able to:

  • Describe the business cycle

  • Explain “sunspot theories”

  • Discuss the different ways in which technological innovation can disrupt economic functioning

SCEPA
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Module 1, Lesson 1.3: Don’t Blame the Victims!
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Module 2, Lesson 2.2: The Bad: Production Disruptions