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…
Tag: Free Market
Bourgeois Equality
Are Libertarians Right about Government?
A Discussion of Bourgeois Equality Chapter 16 “Most Governmental Institutions Make Us Poorer” Calling all libertarians! I think this chapter is for you. This chapter wraps up Part 2. Chapters 10 and 11 showed the Left’s explanations for the Great Enrichment were wrong, but Chapter 12 and 13 did the…
Economic Thought
It Was Never Only About Profits
A Discussion “The Social Responsibility of Business: Milton Friedman Reconsidered” As an economics professor, I know I have some misconceptions to overcome every semester a new crop of students appear in my intro microeconomics course. Economics is about greed. It is immoral. Capitalism is bad. Elrick and Thies (2018) offer…