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Archive of posts published in the tag: Deidre McCloskey

The First Duty of Intelligent Men

The 24-hour news cycle and its ubiquitous media brings every detail of every issue and policy to us.  Debates limit responses to critical issues to two minutes. Congressional hearings for cabinet nominees are similarly limited.  This precious time is wasted…

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The Antidote to Piketty

from Deirdre McCloskey at The New York Times,  Equality, Liberty, Justice and Wealth: What, then, caused this Great Enrichment? Not exploitation of the poor, not investment, not existing institutions, but a mere idea, which the philosopher and economist Adam Smith…

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Capitalism Updated

Progressivism can be viewed as socialism lite, paying homage to the great progress of capitalism while acknowledging some of the limitations of a free market. Social and economic theories develop, mature and evolve as they face the hard tests of…

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A Poor Guide to The Future

A NYT article, The Debate About America’s Best Days  about Robert Gordon’s The Rise and Fall of American Growth sounds like another academic pontificating how our best days are behind us.  Reminds me of economists from the 1970s and early…

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The Great Enrichment

from the Cato Policy Report, Deirdre McCloskey writes How Piketty Misses the Point: What caused the Great Enrichment? It cannot be explained by the accumulation of capital, as the very name “capitalism” implies. Our riches were not made by piling…

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