There’s little doubt that most humans today are better off than
their forebears. Stunningly so, the economist and historian Deirdre
McCloskey argues in the concluding volume of her trilogy celebrating
the oft-derided virtues of the bourgeoisie. The poorest of humanity,
McCloskey shows, will soon be joining the comparative riches of Japan
and Sweden and Botswana. Why? Most economists—from Adam Smith and
Karl Marx to Thomas Piketty—say the Great Enrichment since 1800 came
from accumulated capital. McCloskey disagrees, fiercely. “Our
riches,” she argues, “were made not by piling brick on brick, bank
balance on bank balance, but by piling idea on idea.” Capital was
necessary, but so was the presence of oxygen. It was ideas, not
matter, that drove “trade-tested betterment.” Nor were
institutions the drivers. The World Bank orthodoxy of “add
institutions and stir” doesn’t work, and didn’t. McCloskey
builds a powerful case for the initiating role of ideas—ideas for
electric motors and free elections, of course, but more deeply the
bizarre and liberal ideas of equal liberty and dignity for ordinary
folk. Liberalism arose from theological and political revolutions in
northwest Europe, yielding a unique respect for betterment and its
practitioners, and upending ancient hierarchies. Commoners were
encouraged to have a go, and the bourgeoisie took up the Bourgeois
Deal, and we were all enriched. Few economists or historians write
like McCloskey—her ability to invest the facts of economic history
with the urgency of a novel, or of a leading case at law, is
unmatched. She summarizes modern economics and modern economic history
with verve and lucidity, yet sees through to the really big scientific
conclusion. Not matter, but ideas. Big books don’t come any more
ambitious, or captivating, than Bourgeois Equality.
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How Ideas, Not Capital or Institutions, Enriched the World
Produktdetaljer
ISBN
9780226334042
Publisert
2018
Utgave
1. utgave
Utgiver
Vendor
University of Chicago Press
Språk
Product language
Engelsk
Format
Product format
Digital bok
Forfatter