Moral Conditions of Economic Growth*

Karl F. Helleiner

The Journal of Economic History, 1951, vol. 11, issue 2, 97-116

Abstract: Historians in general are rather suspicious of theories—and who is to blame them? The temptation to do violence to historical reality is strong, and must be resisted with might and main. However, bad company will sooner or later corrupt even the best of manners; and the economic historian, owing to his long and intimate association with that bold and reckless crowd, the theorists, has finally learned to overcome his scruples and inhibitions. Like the children of Israel, he goes a whoring after Baalim: he tries to develop a general theory of economic growth.

Date: 1951
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