By Robert E. Lane
--David O. Sears, Professor of Psychology and Political technology, UCLA
"Lane's deep wisdom of the resources of human happiness permits him to strengthen a robust critique of monetary theory."
---Robert A. Dahl, Sterling Professor Emeritus of Political technology, Yale University
Robert E. Lane is the Eugene Meyer Professor Emeritus of Political technological know-how at Yale college. His earlier courses comprise The lack of Happiness in industry Democracies (2000) and The marketplace event (1991).
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Additional info for After the End of History: The Curious Fate of American Materialism (Evolving Values for a Capitalist World)
Uncertainty creates opportunity for profit. Trade permits the substitution of resources. One school has argued that the market did not dominate preindustrial societies. To Karl Polanyi, markets were peripheral in early economies that exchanged goods through symmetrical reciprocity, not through centralized redistribution. Resources were allocated by social and political institutions; householders produced for their own use without reference to market price. Other scholars have, however, demonstrated that primitive societies were familiar with the concept of exchange value.
In sixteenth-century England, land appreciated in value as the population increased and common fields were enclosed. From the seventeenth century onward, helped by greater investment, the productivity of English agriculture improved continuously. As early as 1700, England had no peasants and only half the workforce was employed in agriculture; despite some pockets of subsistence agriculture, farmers produced for the market, land was treated as a commodity, and there was an integrated rural market.
Donald T. Critchlow Series Editor 1 WHAT IS CAPITALISM? There are few characteristics of the modern world that have not been attributed to or blamed on capitalism. It is a concept invoked indiscriminately by everyone, from neomarxists to neoconservatives, from literary critics to political scientists and feminists, as an explanation for innovations in every field of human activity—economic, social, and cultural. Few have been able to agree, however, on what the term actually means. Within and between each school of thought, the debate, often in unintelligible jargon, over what constitutes the essence and significance of capitalism has been continuous and intractable.