Today we go down a fascinating road on Professor Shaikh’s main thesis that what drives capitalism and its cyclical nature can be explained by intrinsic forces such as the profit motive for corporations.
This, as opposed to the current orthodox view that the rational actor, who care only about their consumption, makes the world go round in a sense.
The talk encompasses subtopics ranging from his background as a social activist to how his theory of capitalism differs from orthodox theory, to how the lay person should view capitalism.
