Power Of The Other Hand Essay
So where does wealth originate? That is the question that early economists, or their equivalent, strove to answer, for that answer would lay the groundwork for governmental and social structures, and the economies therein (Fusfeld 13). Throughout the ages, intellectuals and elites subscribed to different ideas about wealth. For mercantilists, wealth was a product of trade, for Marxists it was labor, but for what is perhaps one of the earliest economic structures, feudalism, land was the source of wealth (Fry 2016).
The Pyramid of Feudalism
After the fall of the Roman Empire, what we now know as feudalism became the social/economic structure throughout most of Europe (Snarr and Snarr 60). The economy under feudalism operated under a social system of rights and obligations, as opposed to a profit oriented…