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Answer Question 1 and any two others of the following questions. Write an 800 to 1200-word essay for each question answered. Use proper essay format and APA style citations throughout. References to the textbook (Heilbroner and Milberg) may suffice, though additional sources are welcome to be used as well, if you like. For each question answered, think what is the story here that I am trying to tell? then tell that story, drawing from references that you have cited, in a way that leads me to your conclusion. Total number of words expected: about 3,000.
1. A complex economy, with thousands of different jobs, and thousands of different products and services produced for sale seems inconceivable without the use of money of some kind. Does Heilbroner agree? Discuss various aspects of the monetization of economic activity between the first and the 21 st centuries.
2. Discuss the concept of capital and sources and uses of various types of capital in the development of an industrialized economy.
3. The capitalist economy is no longer an economy embedded in a society, comprising but one part of the larger society . It has, rather, embedded the whole society in the economy, turning a capitalist economy into an entire social culture and way of life based on maximizing materialism and profits. Discuss.
4. Discuss the how, the when, and the importance of Polanyis three fictitious commodities, in the development of economic society.
Course description: Modern society is dominated by economic concerns and economic exchange; hence it can be described as an Economic Society, in which society itself, the relations of people to one another, is largely determined by industrial, commercial and financial enterprise, especially corporate capitalist enterprise, and by the free-market system and the materialist ambition it engenders. This course in economic history is a critical exploration of the characteristics of modern Western economic society, and how they came to be over the last 500 years or so. The course first explores the concept of economic development itself: what are the principles that determine what does occur and what does not occur as societies and economies evolve? We then explore in more detail what factors in the 500-year history of capitalism were determinant in its evolution into the affluent, commercialized, industrialized Western society of today? It was not always so. Our study examines changes in philosophy, in technology, and in human institutions; the discovery and exploitation of natural resources; colonization; and scientific revolutions. In addition to professor-led lecture/discussions there will be student-led presentations on topics in the course.
