Reading Notes August 31st

Reading Notes August 31st - Carter Whittington Jordan Radke...

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Carter Whittington Jordan Radke SOCI 415 31 August 2011 Reading Notes 8/31 Heilbroner starts off by giving a little background information on what societies used to be like before the market system. He says that most, if not all, tasks were completed through traditional assignment of jobs such as the caste system in which one is born into their profession or authoritarian assignment of jobs like that of the Egyptians. He then goes into giving background information on societies in places like France, Germany, and Boston to show the importance of the shift to a market system and where it came from. Next he shows how a motivation for profit only exists with the modern man through several examples such as land, labor, and capital. Finally Heilbroner gives three ways as to how the economic revolution occurred proving it wasn’t any single event. The first of the three ways in which the market system emerged was in Europe. Because of foreign adventure and exploration, political units started to gradually appear. Secondly, the
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Reading Notes August 31st - Carter Whittington Jordan Radke...

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