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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.
Tracing the emergence of economic society from its origins, this book begins by describing the problems of production and distribution and ends with a look at continued problems and their possible resolutions. The chapters between focus on the premarket economy, the emergence of the market, the industrial revolution, the great depression, the rise of the public sector, the development of modern European capitalism, the golden age of capitalism, the rise and fall of socialism, and globalization. Annotation c. Book News, Inc., Portland, OR (booknews.com)