The Evolution of Economy

1363 Words6 Pages
When we think of the economy, we usual envision money, images of graphs, and old white men in suits. In reality economics simply refers to how we manage our resources. Economics has therefore always been a part of every day life. Throughout history humans have used economics to facilitate their well being. Economies evolved to suit the needs of the societies they served. Until very recently the evolution of economics was slow, little changed for tens of thousand of years. The economic system we use today, is just a blip on the chart of human history. It has served humanity well in the sense that it has brought us comforts unthinkable to our fore bearers. Humanity has flourished and spread. The world feels much smaller now than it did just two hundred years ago. And, the technological capabilities of today have eclipsed the wildest dreams of past generations. But, the prosperity brought by this economic system has come at a terrible cost. The world is facing rapid species extinction and destruction of biodiversity that threatens humanity itself. The negative implications of this economic system are not limited to the environment. The impact of modern economics on the social fabric of communities around the world has become apparent as globalization broadcasts unrealistic economic expectations and consumer ideals. It it undeniable that modern economics has brought about a huge rise in the global standard of living. But, it's price in terms of the long term quality of life of the earth and all of it's inhabitants demands that our economic system change. To understand today's economy we must take a step back in time. For most of human history hunter gatherer groups wandered the planet, following the migrations of game... ... middle of paper ... ...014. Braidwood, Robert John. The agricultural revolution. Scientific American, 1960. Cohn, Steve. Reintroducing Macroeconomics: A Critical Approach. Armonk, NY: M.E. Sharpe, 2007. Print. Eede, Joanna. "Uncontacted Tribes: The Last Free People on Earth." News Watch. National Geographic, 1 Apr. 2011. Web. 10 Mar. 2014. Heilbroner, Robert L., and Lester C. Thurow. Economics Explained: How the Economy Works and Where It's Going. London: Touchstone, 1998. Print. "Mass Extinctions." National Geographic. N.p., n.d. Web. 08 Mar. 2014. "Problems and Priorities." Priorities. POLLING REPORT, INC., and Polling/sponsoring Organizations, 2013. Web. 09 Apr. 2013. "GDP per Capita (current US$)." Data. World Bank, n.d. Web. 08 Mar. 2014. Ura, Karma. "A Short Guide to Gross National Happiness Index." The Centre for Bhutan Studies, 2012. Web. 11 Mar. 2014.
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