ECONOMICS AND ECONOMIC HISTORY California State University 加利福尼亚州立大学经济学和经济史.doc

I recommend adding spacing of two or four lines between each line, especially where there is now no spacing. This will permit you to add your own notes for each topic. I also recommend printing at any one time only the pages needed for one or two weeks. That way if you find you are not inserting sufficient space, you can add more before you print the next batch. ECONOMICS AND ECONOMIC HISTORY WHAT IS ECONOMIC HISTORY? Study Of “Ways And Means Man Has Used In The Past To Make A Living” Not As Accurate As History Or Economics Importance Of Factual Theoretical Accuracy? Higher Degree Of Relevancy TWO KINDS OF ECONOMIC HISTORY National Systematic DIFFERENTIATING ECONOMIC SYSTEMS German Economic Historians Gustav von Schmoller Reinhard Hildebrandt Fredrick List Sombart: Three Factor of Production Relations between factors Three possible economic systems landism, laborism, capitalism moving force Toynbee’s History of Civilizations and Economic Systems FEUDALISM EMERGENCE OF FEUDAL INSTITUTIONS Return To Landed Estates At End Of Roman Empire Change In Military Technique Stirrup: Invention Vs. Application Heavily Armored Mounted Knights MEDIEVAL TECHNOLOGICAL CHANGES Mechanical Devices cam, gears, treadle, Flywheel crank Textiles Textiles in earlier history THE STEPS PROCESS OF CLOTH MANUFACTURE (Prior to 1300) Shearing Carding Spinning Weaving Primary Parts Fulling Finishing “Complimentary Technologies” CHAIN REACTION OF INNOVATION Horizontal Loom Spinning Wheel “Complimentary Technologies” CAPITALISM WHAT IS “CAPITALISM” ? Relationship between Factors Defining Relationship in capitalism Periods of Modern Capitalism Early: 1500 - 1750 High: 1750 - 1900 Late: 1900 - present Basis Of Dates Is Change In Type Of Capital that Dominates Periods in American Economic History FOUR CHARACTERISTICS OF AMERICAN CAPITALISM LEAST RESISTANCE From Feudal Institutions Feudal Farming Feudal Manufacturing Objectives Policies To Achieve The Church “Just Wage” “Just Pri