Why Economics Can't Explain the Modern World with Prof. Deirdre McCloskey
A number of theories and hypotheses put forward by many scholars through the years attempt to explain the sudden and phenomenal rise in prosperity in Europe in the 1800s. None of these, however, provide an adequate explanation of “The Great Fact” - what Professor Deirdre McCloskey defines as the colossal increase in mankind’s standard of living over 200 years ago. Prof. McCloskey, author of “Bourgeois Dignity: Why economics can’t explain the modern world” proposes a different explanation; an important aspect of history that had been overlooked until now- The Bourgeois Revaluation. This online talk + Q&A was hosted by The Night Watchman Society which functions as the Bastiat Society Chapter in Sri Lanka
About Deirdre McCloskey
Deirdre Nansen McCloskey (born Donald Nansen McCloskey; September 11, 1942) is an American economist and academic. Since 2023 she has been a distinguished scholar and holder of the Isaiah Berlin Chair in Liberal Thought at the Cato Institute in Washington, D.C. From 2000 to 2015, she taught at the University of Illinois at Chicago, where she was a distinguished professor of economics and history and a professor of English and communication. During those years, she (as a visitor) taught economic ...
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