Post by arfanho7 on Feb 24, 2024 17:11:17 GMT 10
Although The Way to Wealth appeared in a few South American editions and made its way to Asia by the twentieth century resonating with everyone from Mao Tse Tung to Bangladeshi bloggers Reinert says the essay’s initial influence was limited primarily to North America and Europe tracking closely with the first parts of the world to enter the Industrial Revolution.
“Most of my research focuses on the history of economic policy and how states have implemented different ideas and pursued different strategies in order to gain a competitive edge ” says Reinert. “Franklin could write for the elites—he did so often. But he chose this specific set of guidelines for virtuous economic behavior to Egypt WhatsApp Number List influence the lower people as he called them. Many readers picked up on this and used the text for their own purposes. While we know from individual workers’ autobiographies that Franklin inspired many to lead more economic lives statesmen could embrace the text because more industrious workers essentially had become another weapon in international competition.”
While Reinert emphasizes that Franklin’s text is obviously not the sole cause for global economic disparity he remains intrigued by the role played by institutions and ideals of economic behavior in developing economies. “ capitalism as an economic system at a different rate than they encountered the ideals of capitalism—and the long term consequences of that gap—is worth exploring ” he says adding that we take for granted many of the virtues Franklin holds up such as a strong work ethic “How did hard work and industry become the commonsense default rather than sleeping late and eating berries How did it become normal to work more than what is necessary for survival This was one of the texts that helped canonize and codify the basic ingredients of capitalism.”
“Most of my research focuses on the history of economic policy and how states have implemented different ideas and pursued different strategies in order to gain a competitive edge ” says Reinert. “Franklin could write for the elites—he did so often. But he chose this specific set of guidelines for virtuous economic behavior to Egypt WhatsApp Number List influence the lower people as he called them. Many readers picked up on this and used the text for their own purposes. While we know from individual workers’ autobiographies that Franklin inspired many to lead more economic lives statesmen could embrace the text because more industrious workers essentially had become another weapon in international competition.”
While Reinert emphasizes that Franklin’s text is obviously not the sole cause for global economic disparity he remains intrigued by the role played by institutions and ideals of economic behavior in developing economies. “ capitalism as an economic system at a different rate than they encountered the ideals of capitalism—and the long term consequences of that gap—is worth exploring ” he says adding that we take for granted many of the virtues Franklin holds up such as a strong work ethic “How did hard work and industry become the commonsense default rather than sleeping late and eating berries How did it become normal to work more than what is necessary for survival This was one of the texts that helped canonize and codify the basic ingredients of capitalism.”