“Economists have traditionally been leery at mentalités as a factor in long-term economic development. In the budding literature on the economic rise of the West, such factors have been ignored or curtly dismissed. In the past, economists’ hostility to religious factors stems from the incompleteness of such theories. Attitudes were a matter of degree, not of absolutes.”

— Joel Mokyr

Source: The lever of riches: Technological creativity and economic progress, 1992, p. 171

Adopted from Wikiquote. Last update June 3, 2021. History

Help us to complete the source, original and additional information

Do you have more details about the quote "Economists have traditionally been leery at mentalités as a factor in long-term economic development. In the budding li…" by Joel Mokyr?

Joel Mokyr 12

Israeli American economic historian 1946

Related quotes

“You have a voice, which has been perhaps been quiescent on matters economic because you have in the past deferred to the authority of the economist. There is no reason to remain quiet.”

Steve Keen (1953) Australian economist

Source: Debunking Economics - The Naked Emperor Of The Social Sciences (2001), Chapter 14, There Are Alternatives, p. 313

“Intellectual capital is the main determining factor and the base for economic and social development to any country.”

Talal Abu-Ghazaleh (1938) Jordanian businesspeople

Meeting the Challenges of Electronic Business” in Muscat, Oman, October 9, 2000.

“The historic terrain of macro-economic theory is the explanation of the levels and fluctuations of overall economic activity. Macro-economists have been especially interested in the effects of alternative fiscal, financial, and monetary policies.”

James Tobin (1918–2002) American economist

Source: "Money and Finance in the Macro-Economic Process" (1982), p. 12

“Explaining economic growth - The achievement motive : how it is measured and its economics effects - Achieving societies in the modern world - Achieving societies in the past - Other psychological factors in economic development - Entrepreneurial behavior - Characteristics of entrepreneurs - The spirit of Hermes - Sources of n achievement - Accelerating economic growth.”

David C. McClelland (1917–1998) American psychological theorist

Book abstract
The Archiving Society, 1961

“The economic policy issues that we debate today—trade policy, inflation, the proper role of government, the eradication of poverty, and the means of raising the rate of economic growth—have been discussed by economists for more than two centuries. Many of today’s economic policies—both the good ones and the bad—are the result of the ideas of those past economists. And many of today’s debates about economic policy can be understood only by those who have at least some familiarity with the ideas of earlier economists.
The giants of economic science during the past two hundred years have been men concerned with the critical policy issues of their time. They studied the working of the economy in order to advocate better economic policies. But despite their concern with policy, they were not polemicists or politicians but men who sought to persuade their contemporaries in government and in the broader public by analysis and evidence that would meet the standards of professional debate.”

Martin Feldstein (1939–2019) American economist

Martin Feldstein (1989), Foreword to New Ideas from Dead Economists by Todd Buchholz.

“It has been shown that, in contrast to everything which classical national economy has hitherto taught, not the producer but the consumer is the ruling factor in economic life.”

Hjalmar Schacht (1877–1970) German politician

As quoted Nazi Conspiracy and Aggression (1946) by the United States Department of State, Vol. 2, p. 746.

“Weapons are an important factor in war, but not the decisive factor; it is people, not things that are decisive. The contest of strength is not only a contest of military and economic power, but also a contest of human power and morale. People necessarily wield military and economic power.”

Mao Zedong (1893–1976) Chairman of the Central Committee of the Communist Party of China

1930s, On Protracted Warfare (1938)

“It is important, therefore, to understand at the outset the simplicity of this book - what it can accomplish and what it cannot. What it does try to do is to isolate certain psychological factors and to demonstrate rigorously by quantitative scientific methods that these factors are generally important in economic development.”

David C. McClelland (1917–1998) American psychological theorist

Source: The Archiving Society, 1961, p. ix

“If FC Porto was a club of a country with another economical power, it could have done a striking season in Europe. That team was the best I have ever coached. It was destroyed due to economical factors.”

José Mourinho (1963) Portuguese association football player and manager

Chelsea FC, Doctorate Honoris Causa degree award (23 March 2009)

“What is studied is a system which lives in the minds of economists but not on earth. I have called the result “blackboard economics.” The firm and the market appear by name but they lack any substance. The firm in mainstream economic theory has often been described as a “black box.””

Ronald H. Coase (1910–2013) British economist and author

And so it is.
1990s and later, "The Institutional Structure of Production" (1992)

Help us to complete the source, original and additional information

Joel Mokyr 12

Related quotes

Related topics