In our recent book, Deirdre McCloskey and I summarize what we call The Bourgeois Deal, namely, Leave Me Alone and Ill Make You Rich. When we leave people alone to buy low, sell high, and innovate, they do soand in the process, they make the rest of us rich.
My friends at NowSourcing were kind enough to find a sponsor and put together the infographic below. If you teach from the Cowen & Tabarrok Modern Principles of Economics textbook, used any Marginal Revolution University resources, or youve taken Econ 201, 301, or 415 at Samford, youll probably notice something familiar about the conditions for a flourishing economy about halfway down.
So whats the Deal? Read on to learn more.
When is the best time for a society to adopt the Bourgeois Deal? A hundred, or a thousand, or a hundred thousand years ago. The second-best time is right now: among all the ways people can cooperate, it has the best chance at getting us out of this mess.