Intellectuals and the rise of the modern economy
Well-educated elites enabled scientific and technological creativity during the Industrial Revolution For many decades, economists dismissed culture as irrelevant to most questions in economic growth. However, in the past decade they have rediscovered its importance in the emergence of the Great Enr...
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| Published in | Science (American Association for the Advancement of Science) Vol. 349; no. 6244; pp. 141 - 142 |
|---|---|
| Main Author | |
| Format | Journal Article |
| Language | English |
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Washington
The American Association for the Advancement of Science
10.07.2015
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| Abstract | Well-educated elites enabled scientific and technological creativity during the Industrial Revolution
For many decades, economists dismissed culture as irrelevant to most questions in economic growth. However, in the past decade they have rediscovered its importance in the emergence of the Great Enrichment (the rapid and unprecedented process of economic growth since 1850) (
1
–
3
). In retrospect, this development seems inevitable. Once it was accepted that institutions are a powerful factor in explaining differences in national per-capita income today (
4
), culture—in the sense of the beliefs and values on which institutions were founded—could not be far behind. In a recent paper, Squicciarini and Voigtländer (
5
) provide further support for this idea by showing how culture affected the rise of the modern economy. |
|---|---|
| AbstractList | Well-educated elites enabled scientific and technological creativity during the Industrial Revolution
For many decades, economists dismissed culture as irrelevant to most questions in economic growth. However, in the past decade they have rediscovered its importance in the emergence of the Great Enrichment (the rapid and unprecedented process of economic growth since 1850) (
1
–
3
). In retrospect, this development seems inevitable. Once it was accepted that institutions are a powerful factor in explaining differences in national per-capita income today (
4
), culture—in the sense of the beliefs and values on which institutions were founded—could not be far behind. In a recent paper, Squicciarini and Voigtländer (
5
) provide further support for this idea by showing how culture affected the rise of the modern economy. For many decades, economists dismissed culture as irrelevant to most questions in economic growth. However, in the past decade they have rediscovered its importance in the emergence of the Great Enrichment (the rapid and unprecedented process of economic growth since 1850) (-). In retrospect, this development seems inevitable. Once it was accepted that institutions are a powerful factor in explaining differences in national per-capita income today , culture--in the sense of the beliefs and values on which institutions were founded--could not be far behind. In a recent paper, Squicciarini and Voigtländer provide further support for this idea by showing how culture affected the rise of the modern economy. For many decades, economists dismissed culture as irrelevant to most questions in economic growth. However, in the past decade they have rediscovered its importance in the emergence of the Great Enrichment (the rapid and unprecedented process of economic growth since 1850) (1-3). In retrospect, this development seems inevitable. Once it was accepted that institutions are a powerful factor in explaining differences in national per-capita income today (4), culture-in the sense of the beliefs and values on which institutions were founded-could not be far behind. In a recent paper, Squicciarini and Voigtlaender (5) provide further support for this idea by showing how culture affected the rise of the modern economy. |
| Author | Mokyr, Joel |
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| Cites_doi | 10.1257/jel.51.2.325 10.7208/chicago/9780226556673.001.0001 10.1162/JEEA.2008.6.2-3.255 10.1093/wber/15.3.367 10.1017/CBO9780511808678 10.1257/mac.3.3.92 |
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| DOI | 10.1126/science.aac6520 |
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| References | Mokyr J. (e_1_3_1_12_2) 2010 Aghion P. (e_1_3_1_15_2) 2009 North D. C. (e_1_3_1_5_2) 1990 (e_1_3_1_16_2) 1751 Squicciarini M. P. (e_1_3_1_6_2) 2015 Becker S. O. (e_1_3_1_10_2) 2011; 3 McCloskey D (e_1_3_1_3_2) 2006 e_1_3_1_7_2 Pritchett L. (e_1_3_1_13_2) 2001; 15 Meisenzahl R. R. (e_1_3_1_8_2) 2012 Spolaore E. (e_1_3_1_4_2) 2013; 51 Tabellini G. (e_1_3_1_2_2) 2008; 6 Hooke R. (e_1_3_1_9_2) 1666; 50 Mokyr J. (e_1_3_1_11_2) 2002 Easterly W. (e_1_3_1_14_2) 2001 |
| References_xml | – volume-title: The Elusive Quest for Growth year: 2001 ident: e_1_3_1_14_2 contributor: fullname: Easterly W. – volume: 51 start-page: 325 year: 2013 ident: e_1_3_1_4_2 publication-title: J. Econ. Lit. doi: 10.1257/jel.51.2.325 contributor: fullname: Spolaore E. – volume-title: The Bourgeois Virtues: Ethics for an Age of Commerce year: 2006 ident: e_1_3_1_3_2 doi: 10.7208/chicago/9780226556673.001.0001 contributor: fullname: McCloskey D – volume: 50 start-page: fol. 94 year: 1666 ident: e_1_3_1_9_2 publication-title: Royal Society Classified Papers contributor: fullname: Hooke R. – volume: 6 start-page: 255 year: 2008 ident: e_1_3_1_2_2 publication-title: J. Eur. Econ. Assoc. doi: 10.1162/JEEA.2008.6.2-3.255 contributor: fullname: Tabellini G. – volume: 15 start-page: 367 year: 2001 ident: e_1_3_1_13_2 publication-title: World Bank Econ. Rev. doi: 10.1093/wber/15.3.367 contributor: fullname: Pritchett L. – volume-title: The Gifts of Athena year: 2002 ident: e_1_3_1_11_2 contributor: fullname: Mokyr J. – volume-title: Institutions, Institutional Change, and Economic Performance year: 1990 ident: e_1_3_1_5_2 doi: 10.1017/CBO9780511808678 contributor: fullname: North D. C. – volume-title: The Economics of Growth year: 2009 ident: e_1_3_1_15_2 contributor: fullname: Aghion P. – year: 2015 ident: e_1_3_1_6_2 publication-title: Q. J. Econ. contributor: fullname: Squicciarini M. P. – volume-title: Encyclopedie Dictionnaire Raisonne des Sciences, des Arts et des Métiers year: 1751 ident: e_1_3_1_16_2 – ident: e_1_3_1_7_2 – volume-title: The Enlightened Economy: An Economic History of Britain, 1700–1850 year: 2010 ident: e_1_3_1_12_2 contributor: fullname: Mokyr J. – start-page: 443 volume-title: The Rate and Direction of Innovation year: 2012 ident: e_1_3_1_8_2 contributor: fullname: Meisenzahl R. R. – volume: 3 start-page: 92 year: 2011 ident: e_1_3_1_10_2 publication-title: Am. Econ. J. Macroecon. doi: 10.1257/mac.3.3.92 contributor: fullname: Becker S. O. |
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| Snippet | Well-educated elites enabled scientific and technological creativity during the Industrial Revolution
For many decades, economists dismissed culture as... For many decades, economists dismissed culture as irrelevant to most questions in economic growth. However, in the past decade they have rediscovered its... |
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| SubjectTerms | Culture Economic conditions Economic development Economic growth Economics Emergence Enrichment Income Intellectuals |
| Title | Intellectuals and the rise of the modern economy |
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