Can capitalism have virtue? Adam Smith thinks so! The 12th video in a series of 13 discusses Smith's political and economic views. Pupils discover these concepts and more through primary source photographs and examples that relate to...

Does the structure of capitalism eliminate inequality or reinforce it? That is the essential question of Thomas Piketty's Capital in the 21st Century. Introduce young economists to Piketty's "Central Contradiction of Capitalism" with a...

While many dream of the happiness that would come from winning the lottery, few have a realistic plan for what they would do with their winnings to ensure this happiness. Along with recommendations for how to respond to a lottery win,...

The Industrial Revolution and globalization have been a triumph in the developed nations, but served to widen and accelerate the wealth gap between the richest and poorest countries in the world. Explore the differences between the...

Continuing from the past video on wealth bubbles, Sal begins by recapping what scholars saw in the first segment. He then goes into more depth on bank-owned homes, short sales, foreclosures, and wealth destruction. Scholars begin to...

This lesson will define income, wealth, blue-collar occupations, white-collar occupations, intragenerational and intergenerational social mobility. A general overview of the impact will be given. Socioeconomic status (SES) will be...

Video lecture explores getting off the gold standard with a short discussion of the meaning of wealth. [10:13]

What was the Gilded Age? Kim and David discuss the vast wealth and crushing poverty that characterized the era. [7:38]

This lesson will define income, wealth, blue-collar occupations, white-collar occupations, intragenerational and intergenerational social mobility. A general overview of the impact will be given. Socioeconomic status (SES) will be...