IDEAS home Printed from https://ideas.repec.org/p/pra/mprapa/22821.html
   My bibliography  Save this paper

The Rhetoric of Economics: Why Words Are Important

Author

Listed:
  • 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

    Download full text from publisher

    File URL: https://mpra.ub.uni-muenchen.de/22821/1/MPRA_paper_22821.pdf
    File Function: original version
    Download Restriction: no
    ---><---

    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., January.
    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)

    Citations

    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

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Klaus Jaffe, 2015. "Agent based simulations visualize Adam Smith's invisible hand by solving Friedrich Hayek's Economic Calculus," Papers 1509.04264, arXiv.org, revised Nov 2015.
    2. Kimbrough, E.O. & Vostroknutov, A., 2012. "Rules, rule-following and cooperation," Research Memorandum 053, Maastricht University, Maastricht Research School of Economics of Technology and Organization (METEOR).
    3. Agnès Festré & Pierre Garrouste, 2009. "The economic analysis of social norms: A reappraisal of Hayek’s legacy," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 22(3), pages 259-279, September.
    4. Bigoni, Maria & Camera, Gabriele & Casari, Marco, 2020. "Money is more than memory," Journal of Monetary Economics, Elsevier, vol. 110(C), pages 99-115.
    5. Horst Feldmann, 2009. "The quality of the legal system and labor market performance around the world," European Journal of Law and Economics, Springer, vol. 28(1), pages 39-65, August.
    6. Hirokazu Takizawa, 2017. "Masahiko Aoki’s conception of institutions," Evolutionary and Institutional Economics Review, Springer, vol. 14(2), pages 523-540, December.
    7. Kevin Vallier, 2017. "Gaus, Hayek, and the place of civil religion in a free society," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 30(3), pages 327-352, September.
    8. Arnaud Lacan, 2022. "Value-Based Governance as a Performance Element in Social and Solidarity Economy Organizations: A French Sustainable Post-Modern Proposal," Post-Print hal-03620280, HAL.
    9. Göbel, Jürgen, 2009. "Hayek’s approach to cognitive and social order," MPRA Paper 14290, University Library of Munich, Germany.
    10. Niclas Berggren, 2009. "Choosing one’s own informal institutions: on Hayek’s critique of Keynes’s immoralism," Constitutional Political Economy, Springer, vol. 20(2), pages 139-159, June.
    11. Peter J. Boettke & Christopher J. Coyne & Peter T. Leeson, 2015. "Institutional stickiness and the New Development Economics," Chapters, in: Laura E. Grube & Virgil Henry Storr (ed.), Culture and Economic Action, chapter 6, pages 123-146, Edward Elgar Publishing.
    12. Asoni, Andrea, 2008. "Colonial Heritage and Economic Development," Working Paper Series 758, Research Institute of Industrial Economics.
    13. Jason Brennan, 2013. "Is Market Society Intrinsically Repugnant?," Journal of Business Ethics, Springer, vol. 112(2), pages 271-281, January.
    14. Agnès Festré & Pierre Garrouste, 2015. "Michael Polanyi’s economics: A strange rapprochement," Working Papers hal-01216852, HAL.
    15. Emily Chamlee-Wright & Justus Myers, 2008. "Discovery and social learning in non-priced environments: An Austrian view of social network theory," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 21(2), pages 151-166, September.
    16. Michael Munger, 2012. "Voting methods, problems of majority rule, and demand-revealing procedures," Public Choice, Springer, vol. 152(1), pages 61-72, July.
    17. Michael Wohlgemuth, 2011. "Is there a Paradox of a Hayekian Paternalist?," Papers on Economics and Evolution 2011-22, Philipps University Marburg, Department of Geography.
    18. Douglas Whitman, 1998. "Hayek contra Pangloss on Evolutionary Systems," Constitutional Political Economy, Springer, vol. 9(1), pages 45-66, March.
    19. L.A. Kormishkina & N.N. Semenova, 2016. "Monitoring of Food Security in the Russian Federation: Methodology and Assessment," European Research Studies Journal, European Research Studies Journal, vol. 0(3A), pages 185-202.
    20. Alberto Chilosi, 2010. "Poverty, Population, Inequality, and Development: the Historical Perspective," European Journal of Comparative Economics, Cattaneo University (LIUC), vol. 7(2), pages 469-501, December.

    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

    NEP fields

    This paper has been announced in the following NEP Reports:

    Lists

    This item is featured on the following reading lists, Wikipedia, or ReplicationWiki pages:
    1. Economic Logic blog

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:22821. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Joachim Winter (email available below). General contact details of provider: https://edirc.repec.org/data/vfmunde.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.