Why did I love this book?
In the last couple of centuries, the human race became fabulously rich. McCloskey shows that this wasn’t because of capital accumulation, expanded trade, or colonial exploitation. Rather, a new respect for the liberty and dignity of ordinary working folk begot enormous innovation. We need to stop sneering at the bourgeoisie. She is a wonderful storyteller, and this big book (the last of three big volumes) is a fast read. I discovered that a lot of the history I learned in high school about the rise of the modern economy was wrong. She also offers some important insights into how capitalism makes us better people. I’m not as suspicious of regulation as she is, but she gets so much right that it hardly matters.
3 authors picked Bourgeois Equality as one of their favorite books, and they share why you should read it.
There's little doubt that most humans today are better off than their forebears. Stunningly so, the economist and historian Deirdre McCloskey argues in the concluding volume of her trilogy celebrating the oft-derided virtues of the bourgeoisie. The poorest of humanity, McCloskey shows, will soon be joining the comparative riches of Japan and Sweden and Botswana. Why? Most economists from Adam Smith and Karl Marx to Thomas Piketty say the Great Enrichment since 1800 came from accumulated capital. McCloskey disagrees, fiercely. "Our riches," she argues, "were made not by piling brick on brick, bank balance on bank balance, but by piling…