Beyond Positivism, Behaviorism, and Neoinstitutionalism in Economics by Deirdre Nansen McCloskey
Author:Deirdre Nansen McCloskey [McCloskey, Deirdre Nansen]
Language: eng
Format: epub
Tags: BUS000000 BUSINESS & ECONOMICS / General, BUS023000 BUSINESS & ECONOMICS / Economic History, BUS069030 BUSINESS & ECONOMICS / Economics / Theory, BUS039000 BUSINESS & ECONOMICS / Economics / Macroeconomics
Publisher: University of Chicago Press
Published: 2022-06-29T00:00:00+00:00
The most important change which extensive government control produces is a psychological change, an alteration in the character of the people. This is necessarily a slow affair, a process which extends not over a few years but perhaps over one or two generations. The important point is that the political ideals of the people and its attitude toward authority are as much the effect as the cause of the political institutions under which it lives. This means, among other things, that even a strong tradition of political liberty is no safeguard if the danger is precisely that new institutions and policies will gradually undermine and destroy that spirit. (quoted in Acemoglu and Robinson 2019, 466)
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