The Rhetoric of Economics: Why Words Are Important
AbstractBy looking at historical evidence McCloskey concludes that the great transformation of the Industrial Revolution was made possible by the change in attitudes, reflected ultimately in the change in rhetoric, towards Bourgeois values. This paper explores the importance of the change in rhetoric by looking at the impact of the more recent change in attitudes against Bourgeois values. This paper argues that what Weigel identifies as the current European crisis of civilizational morale is ultimately a product of turning away from the rhetoric that made the Industrial Revolution possible. Weigel warns that today’s European crisis could be tomorrow’s American crisis. This paper argues that the election of Barack Obama has accelerated America’s turn towards the “European Model” and its anti-Bourgeois rhetoric.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 22821.
Date of creation: Feb 2010
Date of revision: May 2010
Obama; rhetoric; industrial revolution; European crisis; Bourgeois values;
Find related papers by JEL classification:
- O10 - Economic Development, Technological Change, and Growth - - Economic Development - - - General
- P16 - Economic Systems - - Capitalist Systems - - - Political Economy of Capitalism
This paper has been announced in the following NEP Reports:
- NEP-ALL-2010-05-29 (All new papers)
- NEP-HIS-2010-05-29 (Business, Economic & Financial History)
- NEP-HPE-2010-05-29 (History & Philosophy of Economics)
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Blog mentionsAs found by EconAcademics.org, the blog aggregator for Economics research:
- The crisis and the loss of Bourgeois values
by Economic Logician in Economic Logic on 2010-07-14 14:11:00
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