Posts tagged with: growth

industrial-revolution-1024x665Economist Deirdre McCloskey is set to release the long-anticipated conclusion of the Bourgeois Era trilogy sometime next spring.

The book, Bourgeois Equality: How Ideas, Not Capital or Institutions, Enriched the World, will build on her thesis that our newfound prosperity is not primarily due to systems, tools, or materials, but the ideas and rhetoric behind them.

“The Great Enrichment, in short, came out of a novel, pro-bourgeois, and anti-statist rhetoric that enriched the world,” she writes, in a lengthy teaser for National Review. “It is, as Adam Smith said, ‘allowing every man [and woman, dear] to pursue his own interest his own way, upon the liberal plan of equality, liberty, and justice.’”

In an age where the Left continues to make age-old Marxian arguments about the destructive ju-ju of accumulated wealth, and where the Right is increasingly prone to react on those same grounds, McCloskey reminds us that the premises are entirely different. (more…)

arion_press_printing_san_franciscoThroughout its history, the American economy has transitioned from agrarian to industrial to information-driven.

Given our newfound status, manual labor is increasingly cast down in the popular imagination, replaced by white-collar jobs, bachelor’s degrees, and ladder-climbing. Whether due to new avenues and opportunities or a more general distaste for the slow and mundane, work with the hands is either ignored or discouraged, both as vocational prospect and consumeristic priority.

Amid this sea of new efficiencies, the art of craftsmanship is at a particular disadvantage. Whereas things used to be made with a certain individual artistry (out of necessity, no doubt), so much has become industrialized and systematized. That shift has led to unprecedented blessings, to be sure, whether in time, money, energy, and convenience, and for those fruits we should be grateful and rejoice.

But even in an economy such as this, there remains a need, a market, a knack for the slow and steady. There remains room not just for the magnificence of a well engineered microchip, but for a masterfully carved table and an artfully tailored suit. Creative service comes in all kinds, and God has a plan to both meet our immediate needs and fill our bodies, souls, and spirits with beauty and wonder. (more…)

ehrlichIn a new mini-documentary, the New York Times kindly confirms what we already know about Paul Ehrlich. His predictions about overpopulation have been astoundingly wrong, and his views about humanity are no less perverse.

Author of the famous panic manifesto, Population Bomb, Ehrlich made a name for himself by predicting mass starvation and catastrophe due to over-population. If left to our own devices, Ehrlich argued, we unruly beasts will feast and gorge and reproduce ourselves into an oblivion. His solution? Targeted starvation, abortion, and sterilization of the “selfish” and unenlightened. If the Earth is to endure, we must pay the price for humanity’s ultimate transgression: existence.

The documentary summarizes these views quite well, and includes a series of striking interviews with former disciples who have since rejected his theories. As for Ehrlich, he remains steadfast in his doubts about human value and possibility. “My language would be even more apocalyptic today,” he says. (more…)

globe-fabricIn Leonard Reed’s famous essay, “I, Pencil,” he highlights the extensive cooperation and collaboration involved in the assembly of a simple pencil — complex coordination that is quite miraculously uncoordinated.

Reed’s main takeaway is that, rather than try to stifle or control these creative energies, we ought to “organize society to act in harmony with this lesson,” permitting “these creative know-hows to freely flow.” In doing so, he concludes, we will continue to see such testimonies manifest — evidence for a faith “as practical as the sun, the rain, a cedar tree, the good earth.”

In his book, Work: The Meaning of Your Life, Lester DeKoster explores the theological aspect of this phenomenon, noting God’s grand design in these webs of service and exchange. For DeKoster, this “practical faith” points rather clearly to a Creator, and when we recognize it, we begin to see how His purposes might manifest through our work in ways out of our immediate control or humanistic intent.

Echoing Reed’s essay, DeKoster refers to this web of exchange as the “fabric of civilization,” stitched together with the “countless tiny threads” of human work, each dependent on the other, but each mysteriously guided by an independent source. (more…)

In the United States, we’ve only begun to see how impediments to religious liberty can harm and hinder certain businesses and entrepreneurial efforts. Elsewhere, however, particularly in the developing world, religious restrictions and hostilities have long been a barrier to economic growth.

To identify these realities, Brian Grim of Georgetown University and Greg Clark and Robert Edward Snyder of Brigham Young University conducted an extensive study, “Is Religious Freedom Good for Business?,” which concludes that “religious freedom contributes to better economic and business outcomes.”

Katrina Lantos Swett and Daniel Mark summarize the key findings at Investor’s Business Daily:

Reviewing the GDP growth of 173 countries while controlling for 23 financial, social and regulatory factors, [Clark and Snyder] found that religious freedom not only is associated with global economic growth, but also is one of only three factors carrying that association.

As the study found, 20% of countries with low levels of religious hostilities and 20% nations with low levels of government restrictions on religion were economic innovators, while the figures for nations with high levels of hostilities and restrictions were only 8% and 7%, respectively.


800px-Hartmann_Maschinenhalle_1868_(01)In a marvelous speech on the origins of economic freedom (and its subsequent fruits), Deirdre McCloskey aptly crystallizes the deeper implications of her work on bourgeois virtues and bourgeois dignity.

For example, though many doubted that those in once-socialistic India would come to see markets favorably, eventually those attitudes changed, and with it came prosperity. As McCloskey explains:

The leading Bollywood films changed their heroes from the 1950s to the 1980s from bureaucrats to businesspeople, and their villains from factory owners to policemen, in parallel with a similar shift in the ratio of praise for market-tested improvement and supply in the editorial pages of The Times of India… Did the change from hatred to admiration of market-tested improvement and supply make possible the Singh Reforms after 1991? Without some change in ideology Singh would not in a democracy have been able to liberalize the Indian economy…

…After 1991 and Singh much of the culture didn’t change, and probably won’t change much in future. Economic growth does not need to make people European. Unlike the British, Indians in 2030 will probably still give offerings to Lakshmi and the  son of Gauri, as they did in 1947 and 1991. Unlike the Germans, they will still play cricket, rather well. So it’s not deep “culture.” It’s sociology, rhetoric, ethics, how people talk about each other. (more…)

Blog author: jmorse
Tuesday, November 27, 2007

Joel Kotkin explains that the fastest growing cities are not the ones that cater to singles, but those that cater to families. Read it all here.

Cross-posted at my blog.