What is the importance of the civil society to a successful economy?

select 4 questions from the document and give your answers. Each answer must be 4 sentences minimum.

Define Collective Action Problem – give examples. How can they be fixed in the various
realms?
• What makes an economy successful? What reasons did Clark give that capitalism is the
best system for making an economy successful?
• What are the 4 states? Compare and contrast. Which will lead to a successful polity?
• What is the importance of the civil society to a successful economy? How can a
community fail? What can be done to rehabilitate it?
• Are markets and capitalism the same thing? What prerequisites does capitalism require
that were present in Britain?
• What led to the rise of mercantilism?
• How did mercantilism interfere or work against the rise of capitalism? How did it
promote it?
• In the conclusion to chapter 4, Clark says a developmental state is necessary for a
successful economic system, but they can easily become predatory states. What reforms
could reverse it?
• What are the main values or priorities of each economic system? What is a potential
weakness? That is, market-centered, state-centered, and community-centered.
• What is institutional crowding out? In what ways are communities vulnerable to
institutional crowding out by markets and states?

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