Liberal Ideas and the Great Enrichment: A Theoretical Model

Heng-Fu Zou () and Wei Liang ()
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Wei Liang: China Economics and Management Academy, Central University of Finance and Economics

No 737, CEMA Working Papers from China Economics and Management Academy, Central University of Finance and Economics

Abstract: We explores the intricate relationship between culture, liberal ideas, and economic growth, presenting a formal framework to better understand the drivers behind the Great Enrichment. It highlights how core values such as liberty, dignity, equality, and individualism play a pivotal role in enhancing human welfare and fostering technological innovation. By delving into these liberal principles, the study sheds light on the mechanisms through which societies can achieve sustained economic development.

Keywords: Liberal Ideas; Great Enrichment; Liberty; Dignity; Equality; Entrepreneurship; Economic Growth; Development (search for similar items in EconPapers)
JEL-codes: D63 E20 E22 H56 L26 O10 O30 O40 P48 (search for similar items in EconPapers)
Pages: 149 pages
Date: 2025-02-11
New Economics Papers: this item is included in nep-ent and nep-gro
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Persistent link: https://EconPapers.repec.org/RePEc:cuf:wpaper:737

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