shift in perceptions was central to the economic take-off of the West. "A bourgeois deal was agreed upon," she says. "You let me engage in innovation and creative destruction, and I will make you rich." A commercial class that was not ostracized or sneered at was thus able to activate the engine of modern economic growth.Of course, now we see the commercial class ostracized and sneered at. What are the consequences of this? What will be the long-term consequences if it continues? Perhaps, as I suggested recently, we need to see a change in how the commercial class is represented in literature (broadly defined, including T.V. and film). In other words, we need to see a shift in our culture and rhetoric.
Friday, January 27, 2012
Culture and Rhetoric Matter
The WSJ has a nice piece on Dierdre McCloskey. She of course points out that culture and rhetoric were central to the rapid economic development of the West shortly after the Renaissance. In other words, a