Friday, July 16, 2010

Culture of the Industrial Revolution

A while back I posted Tyler Cowen's answer to my question about why the Industrial Revolution happened when it did. Although his list is exhaustive, he didn't mention this one:
the wide adoption of Bourgeois values was critical. By that, she means that once innovators and capitalists were looked up to or were considered gentlemen, an economic transformation towards industrialization could happen.
Not surprisingly, there is a correlation between the cultural appreciation for entrepreneurs and past economic growth. Now, what does the recent backlash against CEO's mean for future growth?

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