Skip to content

Making of Economic Society

Spend $50 to get a free DVD!

ISBN-10: 0138747369

ISBN-13: 9780138747367

Edition: 10th 1998

Authors: Robert L. Heilbroner, William Milberg

List price: $49.00
Blue ribbon 30 day, 100% satisfaction guarantee!
Out of stock
what's this?
Rush Rewards U
Members Receive:
Carrot Coin icon
XP icon
You have reached 400 XP and carrot coins. That is the daily max!


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…    
Customers also bought

Book details

List price: $49.00
Edition: 10th
Copyright year: 1998
Publisher: Prentice Hall PTR
Publication date: 8/28/1997
Binding: Paperback
Pages: 208
Size: 7.25" wide x 9.50" long x 0.25" tall
Weight: 0.682
Language: English

The Economic Problem
The Individual and Society
Division of labor
Economics and scarcity
The tasks of economic society
Production and Distribution
Mobilizing effort
Allocating effort
Distributing output
Three Solutions to the Economic Problem
The market
The Premarket Economy
The Economic Organization of Antiquity
Agricultural foundation of ancient societies
Economic life of the cities
The social surplus
Wealth and power
"Economics" and social justice in antiquity
Economic Society in the Middle Ages
The fall of Rome
Manorial organization of society
Providing security
Economics of manorial life
Town and fair
Functions of the guild
Medieval economics
The just price
The disrepute of gain
Prerequisites of Change
The Emergence of Market Society
Forces of Change
The itinerant merchant
The crusades
Growth of national power
Change in religious climate
The Protestant ethic
Breakdown of the manorial system
Rise of the cash economy
Appearance of the Economic Aspect of Life
Labor, land, and captial come into being
Emergence of the proletariat
Factors of production
Wage labor and capitalism
Capitalism and the profit motive
The Invention of Economics
The "philosophy" of trade
Division of labor
Adam Smith's growth model
The dynamics of the system
The market mechanism
The market and allocation
The self-regulating system
The market system and the rise of capitalism
The Industrial Revolution
A Great Turning Point
Pace of technical change
England in 1750
Rise of the new men
The industrial entrepreneur
The new rich
Industrial and social repercussions
Rise of the factory
Conditions of labor
Early capitalism and social justice
The Industrial Revolution in the Perspective of Theory
Capital and productivity
Capital and specialization
Capital and saving
Saving and investment
Growth in early capitalism
Incentives for growth
The market as a capital-building mechanism
The Impact of Industrial Technology
Impact of One Invention
The automobilization of America
The General Impact of Technology
Sociological effects
Mass Production
Economies of large-scale production
Agents of Industrial Change
The great entrepreneurs
Captains of industry
The omnipresent trust
The Change in Market Structure
The Rise of Big Business
Change in competition
Limitation of competition
Trusts, mergers, and growth
Threat of monopoly capitalism
Rise of antitrust legislation
The Berle and Means study
The Great Depression
The Path of Growth
America in 1929
The stock market boom
The Great Crash
The Great Depression
Causes of the depression: speculation
Weakness on the farm
Inelastic demand
Weakness in the factory
Technology and employment
Maldistribution of income
Critical Role of Capital Formation
Investment and profit expectations
Effects of falling investment
Multiplier effect
The Rise of the Public Sector
The New Deal
Intervening in markets
New interventions
A historical detour into banking
Rise of National Banks
Monetary Policy
The New Deal's new policy
Public spending as a new force
The economy fails to respond
Compensatory government spending
Fears of government intervention
Impact of the war
Aftermath of the war
Fiscal Policy Enters the Scene
Looking at the Public Sector
Modern Capitalism Emerges in Europe
The Feudal Heritage
National rivalries
The lag in productivity
Crucial role of European trade
Breakdown of international trade
European socialism
Recovery of European Capitalism
Welfare capitalism
The common market
Europe Slows Down
The Golden Age of Capitalism
Postwar Possibilities
International forces
Geopolitics enters the picture
Meanwhile, back at home
Structural Changes in American Capitalism
Technology lends a hand
The capital-labor accord
The government finds its place
World Prosperity and Convergence
Tarnish begins to show
The Golden Age Comes to an End
Macroeconomic Dilemmas
Inflation enters the scene
Oil shock
Stagflation and the policy dilemma
The uneven recovery
Explaining Economic Decline
Behind the numbers: the shift to service
The slow pace of investment
From Slower Growth to Greater Inequality
Behind the inequality problem
The government retreats
The Rise and Fall of Socialism
Socialism Versus Capitalism?
Explaining the Historic Shift
The Soviet System
Market versus plan
Inefficiencies of planning
The Transition to Capitalism
The Future of Socialism
The Globalization of Economic Life
The Reshaping of the World Economy
The collapse of Bretton Woods
The era of flexible exchange rates
The Globalization of Production and Finance
Capital moves around the world
The extent of globalization
The Causes of Globalization
Technology shrinks the globe
Global finance: the tail wagging the dog?
Consequences of Globalization
U.S. trade deficit and foreign debt
A race to the bottom?
Diminished national sovereignty
How Global Is Globalization?
Why Some Nations Remain Poor
The Problem of Uneven Development
Colonialism and Its Legacy
Early Versus Late Industrialization
Is Africa different?
The politics of economic development
The Role of International Organizations
Neoliberalism: Opportunities and Challenges
Prospects for the Future
Overcoming tensions between north and south
Problems and Possibilities
Tradition-Run Societies
Command Societies
Analyzing the Future
Three Major Issues
China tries another route
Western socialism
The Outlook for Capitalism
The drive to accumulate
Ecological overload
The tightening market web
The two sectors
A spectrum of capitalisms
Name Index
Subject Index