Development of Economic Society

Development of Economic Society

Development of Economic Society

Development of Economic Society

Excerpt

The economic system of the present day did not emerge suddenly to meet contemporary needs, but evolved through centuries of change in the structure of social and economic organization. In comparison with the simpler methods by which men provided themselves with goods and services in earlier times, the modern economic system is extremely complex. However, no stage in economic evolution is sharply separated from preceding stages, and, as will be abundantly illustrated in this book, a continuous thread of development may be traced from age to age.

Such a development has occurred in techniques of production, in the forms of economic organization, and in the legal rights and duties that define the social relationships of people to each other. Methods of production have changed according to man's increasing knowledge and skill, the growth of population, and the . . .

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