Prosperity

“According to Deirdre McCloskey, why do some of the traditional explanations for Western prosperity fail, and what in her view is the major, unique ingredient that accounts for it?”

Many scholars have different reasons for the success of Western prosperity. Some assume it’s because the West traded frequently with other areas and thus gained an upper hand in the expansion of wealth. However, this explanation falls short when we realize that other countries did this exactly and yet, the West gained the upper hand. So what caused it? McCloskey concluded that the West valued some things over others and because of this, the West was able to prosper greatly.

Western Civ. 2, Lesson 80

 

 

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