Canadian economic development

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 Polanyi’s ‘three fictitious commodities, in the development of economic society.

Sample Solution