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The Rhetoric of Economics: Why Words Are Important

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  • Morles, Gustavo

Abstract

By looking at historical evidence McCloskey concludes that the great transformation of the Industrial Revolution was made possible by the change in attitudes, reflected ultimately in the change in rhetoric, towards Bourgeois values. This paper explores the importance of the change in rhetoric by looking at the impact of the more recent change in attitudes against Bourgeois values. This paper argues that what Weigel identifies as the current European crisis of civilizational morale is ultimately a product of turning away from the rhetoric that made the Industrial Revolution possible. Weigel warns that today’s European crisis could be tomorrow’s American crisis. This paper argues that the election of Barack Obama has accelerated America’s turn towards the “European Model” and its anti-Bourgeois rhetoric.

Suggested Citation

  • Morles, Gustavo, 2010. "The Rhetoric of Economics: Why Words Are Important," MPRA Paper 22821, University Library of Munich, Germany, revised May 2010.
    • Handle: RePEc:pra:mprapa:22821
    as

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    File URL: https://mpra.ub.uni-muenchen.de/22821/1/MPRA_paper_22821.pdf
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    References listed on IDEAS

    as
    1. McCloskey, Deirdre Nansen, 2009. "Creative Language, Creative Destruction, Creative Politics," MPRA Paper 22925, University Library of Munich, Germany.
    2. Hayek, F. A., 1991. "The Fatal Conceit," University of Chicago Press Economics Books, University of Chicago Press, edition 1, number 9780226320663 edited by Bartley, III, W. W., December.
    3. McCloskey, Deirdre Nansen, 2009. "Bourgeois dignity and liberty: Why economics can’t explain the modern world," MPRA Paper 16805, University Library of Munich, Germany.
    Full references (including those not matched with items on IDEAS)

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    Blog mentions

    As found by EconAcademics.org, the blog aggregator for Economics research:
    1. The crisis and the loss of Bourgeois values
      by Economic Logician in Economic Logic on 2010-07-14 19:11:00

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    More about this item

    Keywords

    Obama; rhetoric; industrial revolution; European crisis; Bourgeois values;
    All these keywords.

    JEL classification:

    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • P16 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Capitalist Institutions; Welfare State

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