Capitalism: Success, Crisis and Reform (PLSC 270) Professor Rae uses the Merck-Vioxx business case to highlight political elements of US capitalism, including government regulatory agencies, federalism, lobbying, regulatory capture, tort law and liability, and patent law. Professor Rae discusses the importance and influence of concentrated business interests in Washington DC. The Merck legal battles underline how important political and judicial details are in the operation of capitalism. The case also shows the constraints that reform-minded politicians face in attempting to change the status quo. 00:00 - Chapter 1. Introduction: Using Merck-Vioxx as a Main Case 08:07 - Chapter 2. Patterned Advantage 18:41 - Chapter 3. Merck Background 25:43 - Chapter 4. Common Law Tradition 31:19 - Chapter 5. The Plaintiff Bar & Mark Lanier Complete course materials are available at the Open Yale Courses website: open.yale.edu This course was recorded in Fall 2009.
Tags: Merck, regulatory, Vioxx, legal, tort, federalism, lobby, court, pharma, Yale, Courses
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