Thrift

Thomas Grandjean and ChinHwee Tan

Chapter 3 in Values at the Core:How Human Values Contribute to the Rise of Nations, 2020, pp 31-48 from World Scientific Publishing Co. Pte. Ltd.

Abstract: “Whatever else he might be, Germany’s Mr. Average is very good at not spending money. He makes sure he squeezes the very last dollop of toothpaste out of the tube, and sometimes he’ll even cut it in half with a pair of scissors so as not to waste anything. He teaches his children exactly how hard to press down on the liquid soap dispenser to avoid using up too much. He never leaves the lights on; he turns the shower tap off while he lathers his hair and he always uses his tea bags twice”…

Keywords: Values; Culture; Growth; Economic Growth; Development; Hard Work; Thrift; Trust; Social trust; Risk-Taking; China; Confucianism; Protestant Work Ethic; Policies; Political Stability; Free Markets; Education; Corruption; Rule of Law; Fiscal Policy; Monetary Policy; Covid-19; Coronavirus (search for similar items in EconPapers)
JEL-codes: O1 O11 O12 O23 P16 (search for similar items in EconPapers)
Date: 2020
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