HomeUploadUpload DirectHotlinkRandomAbouttheme toggle
Expand

How Freedom Made Us Rich

Views:918
@ReasonVids

"In 1492, if you were going to bet on who was going to have a 'Great Enrichment,'" says University of Illinois at Chicago economist Deirdre McCloskey, "you would have been crazy not to bet on China because China had the most advanced commercial institutions, the most advanced ship building technology, and the most advanced machinery all together." But it didn't work out that way.



Subscribe to our YouTube channel: http://youtube.com/reasontv

Like us on Facebook: https://www.facebook.com/Reason.Magazine/
Follow us on Twitter: https://twitter.com/reason
Subscribe to our podcast at iTunes: https://goo.gl/az3a7a

Reason is the planet's leading source of news, politics, and culture from a libertarian perspective. Go to reason.com for a point of view you won't get from legacy media and old left-right opinion magazines.


"My claim," McCloskey says, "is that liberty was the key to modern economic growth."

In her new book, Bourgeois Equality: How Ideas, Not Capital or Institutions, Enriched the World, the third volume in a trilogy, McCloskey argues that our vast accumulation of wealth over the past two hundred years— which she's dubbed "The Great Enrichment"—was the result of "massively better ideas in technology and institutions." Where did they arise from? "A new liberty and dignity for commoners," she argues, "expressed as the ideology of European liberalism."

McCloskey sat down with Nick Gillespie at Freedom Fest, the annual convention for libertarians in Las Vegas, for a wide-ranging conversation on topics including the roots of "The Great Enrichment," why her gender reassignment surgery was an "expression of her
libertarianism", and the importance of advocating policies that "actually help the poor" instead of just "making people feel good about helping the poor.

McCloskey is also a Reason columnist.

Edited by Todd Krainin. Cameras by Meredith Bragg and Justin Monticello.

libertarian
,
reason magazine
,
reason.com
,
reason.tv
,
reasontv
,
economics
,
transgender
,
european history
    Thumbnail for What Caused Venezuela’s Tragic Collapse? Socialism.2:28
    What Caused Venezuela’s Tragic Collapse? Socialism.
    ReasonVids
    913 views
    Thumbnail for this is the first time I didnt think the HAKKA was stupid1:30
    this is the first time I didnt think the HAKKA was stupid
    bestofupgoat
    121 views
    Thumbnail for For Whom The Taco Bell Tolls | timmaddog1:08
    For Whom The Taco Bell Tolls | timmaddog
    invidious
    391 views
    Thumbnail for King Terry Grindset0:26
    King Terry Grindset
    bestofvid8
    673 views
    Thumbnail for Tofu Salad0:37
    Tofu Salad
    bestofupgoat
    313 views
    Thumbnail for 2 Million Voters in 7 Counties Will Decide 2016. Who Will Win Them?16:03
    2 Million Voters in 7 Counties Will Decide 2016. Who Will Win Them?
    ReasonVids
    944 views
    Thumbnail for 張克晉已故母親被不同筆跡連署兩次!賴苡任說的驚人證據就是這個?早知情還在演?藍白狂打公務車!四叉貓爆徐巧芯反罷免搭公務車?黃國昌又雙標了?不包牌不會講話?|有話鏡來講 20250603 | 鏡新聞1:14:05
    張克晉已故母親被不同筆跡連署兩次!賴苡任說的驚人證據就是這個?早知情還在演?藍白狂打公務車!四叉貓爆徐巧芯反罷免搭公務車?黃國昌又雙標了?不包牌不會講話?|有話鏡來講 20250603 | 鏡新聞
    invidious
    65 views
    Thumbnail for Davante Adams TRADED to the Jets, Reunites with Aaron Rodgers | Ep 7961:33:30
    Davante Adams TRADED to the Jets, Reunites with Aaron Rodgers | Ep 796
    invidious
    254 views
    Thumbnail for Pizza bagel chips 🍕 #shorts | Kyle Istook0:15
    Pizza bagel chips 🍕 #shorts | Kyle Istook
    invidious
    190 views
    Thumbnail for More Than A Dozen States Are Trying To Nullify Federal Gun Control8:26
    More Than A Dozen States Are Trying To Nullify Federal Gun Control
    ReasonVids
    1106 views
    Thumbnail for not this time0:47
    not this time
    bestofvoatxyz
    582 views
    Thumbnail for This is what happens when you ask AI to generate human evolution.0:39
    This is what happens when you ask AI to generate human evolution.
    bestofvoatxyz
    795 views
    Thumbnail for DEAD SPACE REMAKE PS5 Walkthrough Gameplay Part 9 - WHEEZERS (FULL GAME) | theRadBrad35:26
    DEAD SPACE REMAKE PS5 Walkthrough Gameplay Part 9 - WHEEZERS (FULL GAME) | theRadBrad
    invidious
    421 views
    Thumbnail for GOP Congressman Peter Meijer on Why He Voted To Impeach Trump1:12:07
    GOP Congressman Peter Meijer on Why He Voted To Impeach Trump
    ReasonVids
    944 views
    Thumbnail for AFTER FILES! Baltic Sea, Atlantis, Underwater Alien Bases | The Why Files3:38:53
    AFTER FILES! Baltic Sea, Atlantis, Underwater Alien Bases | The Why Files
    invidious
    361 views
    Thumbnail for 초콜릿 요거트 아이스크림 Chocolate Yogurt Ice Cream | NamCook 남쿡0:15
    초콜릿 요거트 아이스크림 Chocolate Yogurt Ice Cream | NamCook 남쿡
    invidious
    171 views
    Thumbnail for Alex Epstein's response to public debate challenges | ImproveThePlanet9:59
    Alex Epstein's response to public debate challenges | ImproveThePlanet
    science.topic
    110 views
    Thumbnail for 【夜 ニュースライブ】最新ニュースと生活情報(12月27日) ──THE LATEST NEWS SUMMARY(日テレNEWS LIVE) | 日テレNEWS6:00:01
    【夜 ニュースライブ】最新ニュースと生活情報(12月27日) ──THE LATEST NEWS SUMMARY(日テレNEWS LIVE) | 日テレNEWS
    invidious
    164 views
    Thumbnail for CELLOSZXZ VS ERLANGGS! BYON COMBAT SHOWBIZ VOL. 2 LIVESTREAM! | celloszxz1:00
    CELLOSZXZ VS ERLANGGS! BYON COMBAT SHOWBIZ VOL. 2 LIVESTREAM! | celloszxz
    invidious
    404 views
    Thumbnail for Who We Talked to at the "One Nation" Rally: Rangel, Sharpton, Jackson & More5:03
    Who We Talked to at the "One Nation" Rally: Rangel, Sharpton, Jackson & More
    ReasonVids
    1027 views
    Thumbnail for So I guess attractiveness is subjective0:45
    So I guess attractiveness is subjective
    EricaPolarBear.Archive
    256 views
    Thumbnail for How to Make Chili Fries from Ben 10 | GoldenGully0:36
    How to Make Chili Fries from Ben 10 | GoldenGully
    Invidious2
    22 views
    Thumbnail for Sen. Mike Lee on Brett Kavanaugh, Trump's Tariffs, and Congressional Dysfunction22:27
    Sen. Mike Lee on Brett Kavanaugh, Trump's Tariffs, and Congressional Dysfunction
    ReasonVids
    909 views
    Thumbnail for Unraveling Unconstitutional Government Regulation in Arizona3:31
    Unraveling Unconstitutional Government Regulation in Arizona
    IJvids
    922 views
    Thumbnail for Shekels0:08
    Shekels
    AOU
    5963 views

points

Permalink
Reply
libertarian
,
reason magazine
,
reason.com
,
reason.tv
,
reasontv
,
economics
,
transgender
,
european history
TOS  •  Add Keywords  •  Donate  •   Analytics  •   DMCA  •   Puzzle