The Making of Economic Society / Edition 11

The Making of Economic Society / Edition 11

by Robert L. Heilbroner, William S. Milberg
     
 

ISBN-10: 0130910503

ISBN-13: 9780130910509

Pub. Date: 05/28/2001

Publisher: Pearson

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…  See more details below

Overview

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.

Product Details

ISBN-13:
9780130910509
Publisher:
Pearson
Publication date:
05/28/2001
Edition description:
Older Edition
Pages:
224
Product dimensions:
6.80(w) x 9.10(h) x 0.40(d)

Table of Contents

Introduction
1The Economic Problem1
The Individual and Society2
Production and Distribution5
Three Solutions to the Economic Problem8
2The Premarket Economy17
The Economic Organization of Antiquity18
Economic Society in the Middle Ages26
Prerequisites of Change37
3The Emergence of Market Society42
Forces of Change42
Appearance of the Economic Aspect of Life53
The Invention of Economics60
4The Industrial Revolution69
A Great Turning Point70
The Industrial Revolution in the Perspective of Theory83
5The Impact of Industrial Technology93
Impact of One Invention94
The General Impact of Technology96
The Rise of Unionism99
Mass Production101
Agents of Industrial Change104
6The Change in Market Structure109
The Rise of Big Business110
Big Business Today116
The Economic Impact of Big Business121
Power and Responsibility124
7The Great Depression134
Critical Role of Capital Formation144
8The Evolution of Guided Capitalism149
Instruments of Policy159
9The Drift of European Economic History166
European Capitalism166
Recovery of European Capitalism171
10The New International Economy178
The United States in the World Economy180
Behind the Turnabout181
International Production184
Underdeveloped Systems189
11The Dynamics of Capitalism195
Capitalist Dynamics197
Inflationary Capitalism203
Unemployment207
12The Options Before America212
Controlling Inflation212
Combating Unemployment and Recession216
An International Economic Policy219
13Socialism and Capitalism225
The Soviet System227
Prospects for Capitalism237
A Last Word239
Index243

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