It was ideas and ideologies, not interests or institutions, which changed in Northwestern Europe, 1600–1848
Deirdre McCloskey ()
Journal of Evolutionary Economics, 2015, vol. 25, issue 1, 57-68
Abstract:
The economic history on which recent economics has been based is erroneous, based on the Marx and Engels of 1848. What actually happened, 1517-1789, in northwestern Europe was the coming, as Schumpeter put it, of a busiess-0respecting civilization. Ideas mattered as much as, and often more than, material or institutional circumstances, such as property law or coal deposits or exploitation. The interest-only theories of Steven Cheung and Douglass North don’t work. We need a “humanomics,” whose killer app is a new and verified theory of how we became rich. Copyright Springer-Verlag Berlin Heidelberg 2015
Keywords: Schumpeter; Acemoglu; North; Cheung; Humanomics; Ideas; Property rights (search for similar items in EconPapers)
Date: 2015
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DOI: 10.1007/s00191-015-0392-x
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