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Thrift as a Virtue, Historically Criticized

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  • McCloskey, Deirdre Nansen

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.

Suggested Citation

  • McCloskey, Deirdre Nansen, 2006. "Thrift as a Virtue, Historically Criticized," MPRA Paper 4088, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:4088
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    File URL: https://mpra.ub.uni-muenchen.de/4088/1/MPRA_paper_4088.pdf
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    References listed on IDEAS

    as
    1. McCloskey, Deirdre Nansen, 2006. "The Bourgeois Virtues," University of Chicago Press Economics Books, University of Chicago Press, number 9780226556635, December.
    2. Deirdre McCloskey, 2004. "The Bourgeois Virtues," World Economics, World Economics, 1 Ivory Square, Plantation Wharf, London, United Kingdom, SW11 3UE, vol. 5(3), pages 1-16, July.
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    Cited by:

    1. Heider Felix, 2020. "Die postkeynesianische Ökonomik in der Finanzethik des katholischen Sozialethikers Bernhard Emunds – Diskussion aus einer angebotsorientierten Perspektive," Journal for Markets and Ethics, Sciendo, vol. 8(2), pages 1-24, December.

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    More about this item

    Keywords

    thrift; savings; industrial revolution; growth models;
    All these keywords.

    JEL classification:

    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • N10 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - General, International, or Comparative

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