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Economics: Changes over the Centuries

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ECONOMICS: CHANGES OVER THE CENTURIES

LANDON COPE
HISTORY 202
NOVEMBER 5, 2009 INTRODUCTION
This report attempts to uncover the changing attitudes towards economics in the world over the course of several centuries. Several articles will be examined in an attempt to trade how basic attitudes, approaches, beliefs, ideas, and values concerning economics have changed over time.
The articles being examined are (1) The Wealth of Nation by Adam Smith, (2) The Communist Manifesto by Karl Marx and Friedrich Engels, and (3) Japan’s Gross National Cool by Douglass McGray. The Wealth of Nations was published in 1776 and will represent the earliest of the works being examined here. Smith explains economic principles such as self-interest, supply and demand, and free marketplace. From this work we see the unraveling of capitalism and the paradigm of free trade. This work set the premise for many works to follow, including The Communist Manifesto.
The Communist Manifesto is an influential political manuscript that outlines the problems with capitalism and the struggles between classes. Communism is trumpeted here, as well as conditions necessary for a transition to communism. This work was written in 1848 and represents a stark contrast to The Wealth of Nations in principle and in theory. Much has resulted from this manuscript and its ideas as can still be seen in the world today.
Lastly, Japan’s Gross National Cool represents modern economic thought. Written in 2002, its basic thesis is that Japan is becoming a superpower again, but it is not becoming a military superpower (being kept out of the Security Council) or an economic superpower (having the same credit rating as Botswana). Instead, it's becoming a superpower of mass culture, an arena where the United States has reigned supreme for the past few decades. This article reflects globalization and the

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