Bourgeois virtue and the history of P and S
成果类型：
Article
署名作者：
Erasmus University Rotterdam; Erasmus University Rotterdam - Excl Erasmus MC; University of Iowa
刊物名称：
JOURNAL OF ECONOMIC HISTORY
ISSN/ISSBN：
0022-0507
DOI：
10.1017/S0022050700020520
发表日期：
1998
页码：
297-317
关键词：
摘要：
Since the triumph of a business culture a century and half ago the businessman has been scorned, and so the phrase 'bourgeois virtue sounds like an oxymoron. Economists since Bentham have believed that anyway virtue is beside the point: what matters for explanation is Prudence. But this is false in many circumstances, even strictly economic circumstances. An economic history that insists on Prudence Alone is misspecified, and will produce biased coefficients. And it will not face candidly the central task of economic history, an apology for or a criticism of a bourgeois society.