The Making of Economic Society
With its roots in history and eyes on the future, this book traces the development of our economic society from the Middle Ages to the present, offering a balanced perspective of why our economy is the way it is and where it may be headed. It explores the catalytic role past economic trends and dynamics—particularly capitalism—have played in creating the present challenges we face, and offers suggestions on how we may deal with them most effectively in the future. Chapter topics include the economic problem, the premarket economy, the emergence of market society, the industrial revolution, the great depression, the rise of the public sector, modern capitalism emerges in Europe, the golden age of capitalism, the rise and fall of socialism, the globalization of economic life, and why some nations remain poor. For individuals interested in the economic history of the U.S.
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The Economic Problem
The Premarket Economy
The Emergence of Market Society
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activity Adam Smith agricultural American antiquity banks began boom capital capitalist central century chapter command companies competition consumption corporations corporatism demand Depression dollar economic growth economic history economic problem economic society economists effect emergence employment England Europe European expenditure factory farm feudal firms force foreign Frederick Lewis Allen globalization Golden Age gross domestic product guild Henri Pirenne important income increase Industrial Revolution inflation institutions investment Keynesian labor look lord manor manufacturing market society market system Marshall Plan means mechanism medieval merchants million modern monetary needed nomic organization output peasant percent planning political postwar production and distribution profits question R. H. Tawney result rise role sector serf Smith social socialist Soviet Soviet Union spending stagflation steel ternational tion trade tradition turn U.S. dollar United wages wealth workers World Bank York