The bourgeois virtues
by Deirdre N. McCloskey · first published 2006
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…the social responsibilities of individuals, not of business. Much of the best writing I have seen regarding the relationship between individual 'virtues' and economic growth is Deirdre McCloskey's "Bourgeois Virtues: Ethics for an Age of Commerce" http://www.deirdremccloskey.com/academics/
on “Predatory Behavior Runs Rampant in Facebook’s Addiction Support Groups” ↗…Econ 101 description of perfectly competitive markets than anything else. If you would like to learn more you could read Joseph Schumpeter’s Capitalism, Socialism and Democracy[1] or Deirdre McCloskey’s Bourgeois Virtues[2] [1] http://libgen.is/book/index.phpmd5=21EE8F203D5C3F9530D55985B... [2] https://press.uchicago.edu/ucp/books/book/chicago/B/bo375063...
on “My solopreneur story: zero to $45K/mo in 2 years” ↗…economic development, for that matter. Culture, taken in a broad sense, explains almost everything about which societies become economically successful and which don't! As Deirdre McCloskey's work on the 'bourgeois virtues' makes quite clear, this is true over a huge range of scales, from the fairly small and local to the very large.
on “International Relations Theory Doesn’t Understand Culture” ↗I've been meaning to read The Bourgeois Virtues, a book entirely about the importance of morality in functioning market economies. But while morality is very important in a market economy, planned and traditional economies destroy themselves even…
on “Without morality, the market economy will destroy itself” ↗