Bourgeois Equality. How Ideas, Not Capital or Institutions, Enriched the World

How standards of living have skyrocketed since 1800, and the political philosophy that made it possible: "Persuasive...richly detailed and erudite."— Financial Times There's little doubt that most humans today are better off than their forebears. Stunningly so, the economist and historian Deirdre McCloskey argues in this 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 in the same way that oxygen is necessary for a fire. Nor were institutions the drivers: the World Bank orthodoxy of "add institutions and stir" hasn't worked. 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…

Издательство

University of Chicago Press

Год

2016

Страниц

830

Язык

английский

ISBN

9780226334042