The Making of Economic Society

With roots in history & 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 & where it may be headed. It explores the catalytic role past economic trends & dynamics–particularly capitalism–have played in creating the present challenges we face, & 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 & why some nations remain poor.