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Distilling Economic Literature

Tag: Creative Destruction

Bourgeois Equality

Both the Right and the Left Oppose the Bourgeois

Dr. Ellen Clardy, December 9, 2022July 24, 2025

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…

Bourgeois Equality

Hierarchy over Innovation for Shakespeare

Dr. Ellen Clardy, April 1, 2022July 25, 2025

A Discussion of Bourgeois Equality Chapter 32 “Bourgeois Shakespeare Disdained Trade and the Bourgeoisie” As Dr. McCloskey has argued in previous chapters, the Great Enrichment that kicks off around 1800 cannot be explained by an improvement in institutions like property rights. In this chapter, she again reminds us of the…

Bourgeois Equality

Note to the Left: You are Wrong about Economic Growth

Dr. Ellen Clardy, September 11, 2021July 24, 2025

A Discussion of Chapter 7 “Despite Doubts from the Left” Economic growth is the result of the Bourgeois Deal that allowed us to escape subsistence living, and yet the Left eyes growth with suspicion, concerns, criticism, and policies that would slow or stop it. In this chapter, McCloskey turns her…

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