Thrift as a Virtue, Historically Criticized

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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Year of publication:	2006-06
Authors:	McCloskey, Deirdre Nansen
Institutions:	Volkswirtschaftliche Fakultät, Ludwig-Maximilians-Universität München
Subject:	thrift \| savings \| industrial revolution \| growth models

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Extent:	application/pdf
Series:	MPRA Paper.
Type of publication:	Book / Working Paper
Classification:	O11 - Macroeconomic Analyses of Economic Development ; N10 - Macroeconomics and Monetary Economics; Growth and Fluctuations. General, International, or Comparative
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005620196