The “lovely bit of writing” refers to Deirdre’s recent “Prudence, you no longer rule my world,” Times Higher Education, 14 January 2010. View original entry of 8 February 2010 at Jim Aune’s site.
What changed 1600-1848, and dramatically, was the high- and low-cultural attitude towards thrift, capitalism, innovation, and the bourgeoisie. Weber is here correct, though not in thinking that the Puritans had much to do with it. Thriftiness and other specifically economic virtues, such as prudent calculation of costs and benefits or an admiring attitude towards industrial (more…)
The virtue of prudence rose in prestige in the late seventeenth and early eighteenth centuries. By the middle of the eighteenth century British men — especially the men — delighted in claiming prudence for their own behavior and a cynical supposition that others were motivated similarly. Thus Adam Smith initiated the economist’s delight in the (more…)
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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
www.deirdremccloskey.org - website designed & built by susan b. macdonald - print date: Monday, 21 May 2012 - statcounter
