Making of an Economic Society / Edition 10

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For thirty-five years The Making of Economic Society has taught us how to fit the times in which we have been living into the drama of its title. No easy assurances or baleful prophecies emerge from this classic text. What the reader gains is an understanding of the possibilities, good and bad, for the making of economic society in the years ahead.
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Editorial Reviews

The authors describe the economic society of capitalism, focusing on history rather than theory. Topics include the economic organization and society of antiquity and the middle ages, the emergence of market society, the industrial revolution and the impact of industrial technology, the Great Depression, the rise of the public sector, modern European capitalism, post-World War II American capitalism, such macroeconomic difficulties as oil shock and stagflation, and the causes and consequences of globalization. Annotation c. by Book News, Inc., Portland, Or.
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Product Details

  • ISBN-13: 9780138747367
  • Publisher: Prentice Hall Professional Technical Reference
  • Publication date: 8/28/1997
  • Edition description: Older Edition
  • Edition number: 10
  • Pages: 175
  • Product dimensions: 6.97 (w) x 9.22 (h) x 9.23 (d)

Table of Contents

1 The Economic Problem 1
The Individual and Society 2
Production and Distribution 5
Three Solutions to the Economic Problem 8
2 The Premarket Economy 17
The Economic Organization of Antiquity 18
Economic Society in the Middle Ages 26
Prerequisites of Change 37
3 The Emergence of Market Society 42
Forces of Change 42
Appearance of the Economic Aspect of Life 53
The Invention of Economics 60
4 The Industrial Revolution 69
A Great Turning Point 70
The Industrial Revolution in the Perspective of Theory 83
5 The Impact of Industrial Technology 93
Impact of One Invention 94
The General Impact of Technology 96
The Rise of Unionism 99
Mass Production 101
Agents of Industrial Change 104
6 The Change in Market Structure 109
The Rise of Big Business 110
Big Business Today 116
The Economic Impact of Big Business 121
Power and Responsibility 124
7 The Great Depression 134
Critical Role of Capital Formation 144
8 The Evolution of Guided Capitalism 149
Instruments of Policy 159
9 The Drift of European Economic History 166
European Capitalism 166
Recovery of European Capitalism 171
10 The New International Economy 178
The United States in the World Economy 180
Behind the Turnabout 181
International Production 184
Underdeveloped Systems 189
11 The Dynamics of Capitalism 195
Capitalist Dynamics 197
Inflationary Capitalism 203
Unemployment 207
12 The Options Before America 212
Controlling Inflation 212
Combating Unemployment and Recession 216
An International Economic Policy 219
13 Socialism and Capitalism 225
The Soviet System 227
Prospects for Capitalism 237
A Last Word 239
Index 243
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