To say it in a little more detail: In Dante’s time a market was viewed as an occasion for sin. Holiness in 1300 was earned by prayers and charitable works, whereas buying low and selling high was deemed a great danger to the soul. As the holier-than-thou Albigensians in southern France put it a century (more…)
The Industrial Revolution and the modern world did not arise in the first instance from a quickening of the capitalist spirit or the Scientific Revolution or an original accumulation of capital or an exploitation of the periphery or imperialistic exploitation or a rise in the savings rate or a better enforcement of property rights or (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
