This text surveys the development of the market society and its problems from antiquity to the present. Students will get a familiarity with the history of our economic society and a sense of how dominant institutions came into being in the first place. They will see the institutions, and the problems they create, as part of the ongoing process of our economic life. Coverage of the collapse of the Soviet Communism is included. Each chapter concludes with a summary of key concepts, to help students focus on the important ...
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This text surveys the development of the market society and its problems from antiquity to the present. Students will get a familiarity with the history of our economic society and a sense of how dominant institutions came into being in the first place. They will see the institutions, and the problems they create, as part of the ongoing process of our economic life. Coverage of the collapse of the Soviet Communism is included. Each chapter concludes with a summary of key concepts, to help students focus on the important propositions in the chapter. In addition, there are end-of-chapter questions.
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