A Discussion of Bourgeois Equality Chapter 65 “Despite the Clerisy’s Doubts” Dr. McCloskey continues her discussion of the threats to a continuation of the bourgeois trade tested system of betterment that has given us a 3000% to 10,000% growth in incomes over the past two hundred years. In this chapter…
Tag: Bourgeois Deal

Peter Pan Bohemians Think They Know Best How We Should Live
A Discussion of Bourgeois Equality Chapter 64 “Anticonsumerism and Pro-Bohemianism were Fruits of the Antibetterment Reaction” Last chapter, Dr. McCloskey described two alternative deals the clerisy preferred as alternatives to the Bourgeois Deal. The Bolshevik Deal represents attempts at Communism as in the former Soviet Union, and the Bismarckian Deal lives on…

The Elite Replaced the Bourgeois Deal with Ones that Put Them in Charge
A Discussion of Bourgeois Equality Chapter 63 “The Clerisy Betrayed the Bourgeois Deal, and Approved the Bolshevik and Bismarckian Deals” Finally, we reach the chapter that explains what Dr. McCloskey has been alluding to throughout the book about the clerisy’s change in rhetoric against the Bourgeois Deal. What she calls the clerisy…

The Great Conversion Threatens the Great Enrichment
A Discussion of Bourgeois Equality Chapter 62 “After 1848 the Clerisy Converted to Antibetterment” As we start Part X, the last part of Dr. McCloskey’s book, she turns to the threats facing the Great Enrichment. She has argued that what allowed the Great Enrichment to take root in England around…

Knowing the Source of the Great Enrichment Is Crucial
A Discussion of Bourgeois Equality Chapter 56 “The Change in Ideas Contradicts Many Ideas from the Political Middle, 1890–1980” Not only is this chapter starting Part 9 out of 10 of Dr. McCloskey’s book, but these last 2 parts are addressing the fourth, and last, big question: What are the…

But It Was a Shallow Change
A Discussion of Bourgeois Equality Chapter 53 “It Was Not a Deep Cultural Change” Dr. McCloskey continues to examine the power of rhetoric, what we may now call the narrative, on society and the economy. Why did the Great Enrichment take root around 1700 in England? Capitalism and the Hockey Stick…

It Was a Rapid Revision of Rhetoric
A Discussion of Bourgeois Equality Chapter 52 “And Its Rhetoric Can Change Quickly” As Dr. McCloskey continues on in Part VIII with the argument that the belief in certain ideas created the modern world of wealth, she is now focusing on how quickly ideas can change. Why did the Great…

The Danger of the Same as It Ever Was
A Discussion of Bourgeois Equality Chapter 50 “On the Whole, However, the Bourgeoisies and their Bettering Projects Have Been Precarious” Dr. McCloskey is wrapping up part VII (!) of her book (still 3 more parts to go) in which she has been making the point that the Great Enrichment that…

And the New Bourgeois Respect Created Vested Interests Supportive of the Great Enrichment
A Discussion of Bourgeois Equality Chapter 48 “And Betterment, Though Long Disdained, Developed Its Own Vested Interests” Change is hard to do in a system in part because it hurts one or more groups who are part of the existing status quo. So how can something as big as a…

Yet the Roots of Bourgeois Respect were Christian
A Discussion of Bourgeois Equality Chapter 47 “Yet Some Christians Anticipated a Respected Bourgeoisie” Dr. McCloskey notes that in the later medieval era you can already see Christianity making room for trading and profits that will allow successful merchants to still be devout Christians. She notes Thomas Aquinas promoting such thinking in…