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Quotation of the Day…

… is from page 55 of Deirdre McCloskey’s 2021 volume, Bettering Humanomics: A New, and Old, Approach to Economic Science (footnote deleted; original emphasis; typo corrected):

What explains the Great Enrichment is not material but a novel liberty and dignity for ordinary people, among them the innovating bourgeoisie. In a word, it was the first, modest moves toward social and economic and political liberalism, Adam Smith’s “obvious and simple system of natural liberty.”