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Making of Economic Society, The, 11/E
Robert L. HeilbronerNew School for Social Research
William MilbergNew School for Social Research

ISBN-10: 0130910503
ISBN-13:  9780130910509

Publisher:  Prentice Hall
Copyright:  2002
Format:  Paper; 224 pp
Published:  05/09/2001


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Description

For courses in U.S. Economic History, Principles of Economics, and American Business History.

With its roots in history and eyes on the future, this text 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.


Features

  • NEW - Chapter 11, The Rise and Fall of Socialism—Examines transition economies from socialism to capitalism and discusses in detail the impact of Marxism and other economic policies of socialist countries.
  • NEW - Chapter 13, Why Some Nations Remain Poor—Investigates the successes and failures of developing economies.
  • NEW - “Thinking Back, Looking Ahead”—A provocative new exercise offers discussions of the broader economic, philosophical, ethical, and historical implications of chapter topics. Some of the topics include: “Technology as a Social Process;” “Long Waves in Capitalism?;” “Communism as a Utopian Ideal;” and “Economics as Capitalism's Explanation System.”
  • NEW - Focus on globalization—This edition explores this force as something more than the increased interconnectedness of national economies. Globalization is treated instead as an increase in the scope and depth of the use of markets to try to solve the economic problem of production and distribution.
    • Shows students how the economy works from a global perspective. Ex.___

  • The prospects of capitalism—This text outlines the essential features of a capitalist system, and stresses that capitalism can take many forms, posing such questions to students as: Is it possible to recapture the dynamics of the Golden Age?, Can the detrimental effects of globalization be controlled without sacrificing the beneficial effects?, and What is the likely role for the state in the new economic environment?


New To This Edition

  • Chapter 11, The Rise and Fall of Socialism—Examines transition economies from socialism to capitalism and discusses in detail the impact of Marxism and other economic policies of socialist countries.
  • Chapter 13, Why Some Nations Remain Poor—Investigates the successes and failures of developing economies.
  • “Thinking Back, Looking Ahead”—A provocative new exercise offers discussions of the broader economic, philosophical, ethical, and historical implications of chapter topics. Some of the topics include: “Technology as a Social Process;” “Long Waves in Capitalism?;” “Communism as a Utopian Ideal;” and “Economics as Capitalism's Explanation System.”
  • Focus on globalization—This edition explores this force as something more than the increased interconnectedness of national economies. Globalization is treated instead as an increase in the scope and depth of the use of markets to try to solve the economic problem of production and distribution.
    • Shows students how the economy works from a global perspective. Ex.___


Table of Contents



 1. The Economic Problem.


 2. The Premarket Economy.


 3. The Emergence of Market Society.


 4. The Industrial Revolution.


 5. The Impact of Industrial Technology.


 6. The Great Depression.


 7. The Rise of the Public Sector.


 8. Modern Capitalism Emerges in Europe.


 9. The Golden Age of Capitalism.


10. The Golden Age Comes to an End.


11. The Rise and Fall of Socialism.


12. The Globalization of Economic Life.


13. Why Some Nations Remain Poor.


14. Problems and Possibilities.


Next Edition(s)

  • Making of Economic Society, The, 12/E
    Heilbroner & Milberg
    ©2007  |  Prentice Hall  |  Paper; 248 pp  |  Instock
    ISBN-10: 0131704257  |  ISBN-13: 9780131704251
    Brief Description  |  More Info

  • Making of the Economic Society, The, 13/E
    Heilbroner & Milberg
    ©2012  |  Prentice Hall  |  Paper; 224 pp  |  Instock
    ISBN-10: 0136080693  |  ISBN-13: 9780136080695
    Brief Description  |  More Info



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Reviews


"On the whole, The Making of Economic Society in my view is the single best, short one-volume introduction to Western economic history in print. The chapters set out issues, problems, and various economic and social paradigms clearly. The language is graceful and always accessible to the general, nonspecialist reader. I am especially appreciative of its solid historical underpinnings and strong thematic format." — Jay P. Corrin, Boston University




"The strength of the text continues to be those things that make it a classic—Heilbroner's compelling grasp of the development of the world and its formative institutions, and his ability to present that story literally from the dawn of time into the millennium within barely 200 pages." — Susan Eisner, Ramapo College of New Jersey




"I first read the second edition of this book in a class at the University of Iceland and always liked it. When I started teaching Sociology of Business in 1994, I immediately adopted this text as my main text in the class." — Gunnar Valgeirsson, California State University, Fresno


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