Can “Dignity” Explain the Industrial Revolution: A Review of Deirdre McCloskey’s Economic Ideas

State of Innovation

Dr. McCloskey is a Distinguished Professor of Economics, History, English, and Communication at the University of Illinois at Chicago.  Her ideas on what caused the Industrial Revolution and economic growth are being widely touted.  She has written a number of books (Bourgeois Equality, Bourgeois Dignity, and The Bourgeois Virtues) explaining her position in detail.

McCloskey’s work focuses on the causes of the Industrial Revolution.  She does an excellent job of debunking the idea that capital accumulation or exploitation is the cause of the Industrial Revolution.  She has a keen grasp of economic history.  Unfortunately, the ability to criticize other ideas is not the same thing as putting forth a coherent theory.

McCloskeyThis article is based on a talk that McCloskey gave at George Mason, an interview that she gave after this talk, and a review of her book Bourgeois Dignity: Why Economics Can’t Explain the…

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