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Thrift

In: VALUES AT THE CORE How Human Values Contribute to the Rise of Nations

Author

Listed:
  • Thomas Grandjean
  • ChinHwee Tan

Abstract

“Whatever else he might be, Germany’s Mr. Average is very good at not spending money. He makes sure he squeezes the very last dollop of toothpaste out of the tube, and sometimes he’ll even cut it in half with a pair of scissors so as not to waste anything. He teaches his children exactly how hard to press down on the liquid soap dispenser to avoid using up too much. He never leaves the lights on; he turns the shower tap off while he lathers his hair and he always uses his tea bags twice”…

Suggested Citation

  • Thomas Grandjean & ChinHwee Tan, 2020. "Thrift," World Scientific Book Chapters, in: VALUES AT THE CORE How Human Values Contribute to the Rise of Nations, chapter 3, pages 31-48, World Scientific Publishing Co. Pte. Ltd..
  • Handle: RePEc:wsi:wschap:9789811228537_0003
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    More about this item

    Keywords

    Values; Culture; Growth; Economic Growth; Development; Hard Work; Thrift; Trust; Social trust; Risk-Taking; China; Confucianism; Protestant Work Ethic; Policies; Political Stability; Free Markets; Education; Corruption; Rule of Law; Fiscal Policy; Monetary Policy; Covid-19; Coronavirus;
    All these keywords.

    JEL classification:

    • P16 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Capitalist Institutions; Welfare State
    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O12 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Microeconomic Analyses of Economic Development
    • O23 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Fiscal and Monetary Policy in Development

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