Deirdre McCloskey

Notable Quote – The essence and foundation of capitalism

by Skip September 10, 2017

For one thing, mutually advantageous exchange is not the worst ethical school. It is better than the violent pride of aristocrats or the violent insolence of bureaucrats. And in economic liberalism, the human desire to excel is provided millions of honorable paths, from model railway building to show business, as against in illiberal societies the […]

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Notable Quote – Deirdre McCloskey

by Skip April 23, 2016

Or consider the emergence of a Nature-worshipping environmentalism that would have been viewed as a crazy luxury in the hardscrabble times of 1800 or even of 1933.  The economist and student of theology Robert Nelson calls environmentalism the new religion of the West (a West that nonetheless, outside of places like Poland or the United […]

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Notable Quote – Deirdre McCloskey

by Skip February 22, 2014

If profit occurs, or doesn’t, the economy is articulating something worth attending to. It says, “Do more of this. People want it sufficiently to pay for it. Don’t do that. People won’t pay for it.” The articulation comes from the dollar votes of ordinary people, a democracy of what people are willing to pay. – […]

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