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Thrift as a Virtue, Historically Criticized

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Author Info
McCloskey, Deirdre

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Abstract

Thrift has been viewed since the blessed Adam Smith as the foundation of economic growth. Economists, the theorists of prudence, wsh it so. But it was not, and is not true. Modern economic growth came from some other source---perhaps the stunning shift 1600-1776 in the rhetoric of economy-talk.

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Publisher Info
Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 4088.

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Date of creation: Jun 2006
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Handle: RePEc:pra:mprapa:4088

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Related research
Keywords: thrift; savings; industrial revolution; growth models;

Find related papers by JEL classification:
O11 - Economic Development, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
N10 - Economic History - - Macroeconomics and Monetary Economics; Growth and Fluctuations - - - General, International, or Comparative

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This page was last updated on 2009-11-30.

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