For most of human history, most people lived in abject poverty and cultural and technological stagnation. Only in the past 200 years or so has humankind seen a flourishing of new ideas that has led to our current state of relative health, wealth, safety, and happiness.Deirdre McCloskey says the difference lies in the power of market institutions and a burgeoning respect for those that participate in them. Celebrating innovation—not protecting people from it—is the key to explaining this exponential growth.Show Notes and Further ReadingThe Bourgeois Virtues: Ethics for an Age of Commerce (2007)Bourgeois Dignity: Why Economics Can’t Explain the Modern World (2011)Bourgeois Equality: How Ideas, Not Capital or Institutions, Enriched the World (2016) See acast.com/privacy for privacy and opt-out information.