“Commercialization” and “monetization” dance with stage theories from Smith to modern growth theory. The sheer growth of traded or the sheer growth of money, though, do not an Industrial Revolution make. The ill-named “Price Revolution,” for example, came from American gold, not from population increases, and did not inspire innovation. [continues; click title bar above]
September 21, Monday, Washington, DC: “Bourgeois Dignity,” at a one-day conference sponsored by the Society of Government Economists,at 11:15-12:15 at Marvin Center, at 800 21st Street, NW, Washington, between H and I Streets.
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Deirdre N. McCloskey is Distinguished Professor of Economics, History, English, and Communication at the University of Illinois at Chicago; and Professor of Economic History, Gothenburg University, Sweden
Susan B. MacDonald, Editor
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