By Richard H. Robbins
Examines the improvement and impression of capitalist tradition From its roots greater than 500 years in the past to the current day, capitalism elevated from Western Europe to the U.S. after which to a lot of the remainder of the realm. This growth has now not long gone uncontested; resistance has been either direct and oblique, together with political, spiritual, and social protest, or even revolution. How and why capitalist tradition built and the explanations why a few teams resisted and proceed to withstand its improvement are one of the matters explored in worldwide difficulties and the tradition of Capitalism, 6/e. MySearchLab is part of the Robbins application. learn and writing instruments aid scholars grasp easy writing abilities. With MySearchLab, scholars can entry a number of educational journals, census facts, and linked Press information feeds, broadening their perspectives on vital concerns. 0205961053 / 9780205961054 international difficulties and the tradition of Capitalism Plus MySearchLab with eText -- entry Card package deal package deal comprises: 0205239927 / 9780205239924 MySearchLab with Pearson eText -- Valuepack entry Card 0205917658 / 9780205917655 international difficulties and the tradition of Capitalism
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Additional info for Global problems and the culture of capitalism
You can perhaps begin to see why money represents a magical process. Because fiat or debt money is backed by nothing other than the legal power of the nation-state, but can be converted into all kinds of goods and services, we have further succeeded in the alchemist’s goal of taking something that is essentially worthless (paper) and turning it into objects of value (whatever we can obtain with this paper). But, as Faust learned in his bargain with the devil, there is often a price to pay for access to the philosopher’s stone.
We cannot understand the events, issues, and problems of today’s world without understanding the how’s and why’s of the Industrial Revolution. It will be clear that the emergence of capitalism represents a culture that is in many ways the most successful that has ever been developed in terms of accommodating large numbers of individuals in relative and absolute comfort and luxury. It has not been as successful, however, in integrating all in equal measure, and its failure here remains one of its major problems.
Why this is so is not immediately apparent, even to many economists, but should the money supply fail to expand, the whole system could collapse in economic, political, and social ruin. Thus, virtually all of the issues discussed in this book relate in one way or the other to money and people’s efforts to acquire it or compensate for the lack of it. Part I of the book describes the emergence of the consumer, the capitalist, the laborer, and the nation-state and outlines how each must function for our society to work.
Global problems and the culture of capitalism by Richard H. Robbins