Here’s my fifth and most recent “Everyday Economics” video. It’s inspired by the work of Deirdre McCloskey, especially her pioneering 2010 book, Bourgeois Dignity.
UPDATE: My colleague Dan Klein sent the following e-mail after watching this video:
The attitude change should be described more generally, as one towards approval of the pursuit of honest income, irrespective of how innovative that pursuit is. This broader formulation implies honoring innovations that reap honest income, but still the broader formulation is primary, it seems to me. I don’t think you or Deirdre disagree. But the video just speaks of honoring innovation and innovators.
As usual, I agree with Dan’s insight.
