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Calvinism: entrepreneurial wealth is morally legitimate. The rich man was finally acknowledged to have dignity

And this lead to innovation and this to enrichment.

Not Government and labour unions made us rich. The entrepreneurs made us rich.

I found this here
http://www.garynorth.com/public/14570.cfm

“Deidre McCloskey has written two profound and unsettling books on the origin of the modern economy: Bourgeois Virtues and Bourgeois Dignity. I have read both twice. Soon Bourgeois Equality will arrive.

If McCloskey is correct, then it was one main idea, not investment capital, that created modern economic growth and therefore the modern world. The idea was this: entrepreneurial wealth is morally legitimate. The rich man was finally acknowledged to have dignity. All men are equal before the law. “All men have a go at great wealth.” The transformation began in early seventeenth-century Netherlands. It was the preaching of Calvinist ministers that began this change.

I have waited over 50 years for this third volume.

McCloskey is both an historian and an economist.

This is a 30-minute lecture. There is an hour’s Q&A session. McCloskey has a stutter. So did the man who first taught economic history to me, Hugh Aitken. Oddly, both Aitken and McCloskey subsequently served as editors of The Journal of Economic History.

Start viewing it at 6 minutes in.”

 

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BITTE BEACHTEN!

Was wir Menschen tun ist zwangsläufig mit Fehlern behaftet.
Die Bibel rät deshalb: “Prüft alles und das Gute behaltet!” (1. Thess 5, 21)

Entsprechend haben sich die Männer von Beröa verhalten, über die Folgendes berichtet wird:
“Diese aber waren freundlicher als die in Thessalonich; sie nahmen das Wort bereitwillig auf und forschten täglich in der Schrift, ob sich’s so verhielte.” (Apg 17, 11)