The Premarket vs. The Market Economy: Preliminary Economics.

There were certainly many factors that carried society away from the many pre-market economic methods that were applied in the Middle Ages. The premarket society was very antiquated; the economy stemmed from traditional values and methods, such as farming, slavery and the idea that "wealth tended to follow power" (21). You were born into a certain niche and life and your only job was the fulfill it; basically if you were born into the royal family …showed first 75 words of 1253 total…

…showed last 75 words of 1253 total…support (new religions and beliefs), the masses eventually turned the corner and discovered what was already inside of them: a selfish need to better themselves. In present day this term is usually accompanied with negative connotations but in some cases, such as this one, it was absolutely necessary. Without man's recognition of this inner need, the economy may never have made it out of the Middle Ages. All citations are for Heilbroner unless specifically noted