Home
/
RELIGION & LIBERTY ONLINE
/
Deirdre McCloskey on Spiritual Change in the Great Enrichment
Deirdre McCloskey on Spiritual Change in the Great Enrichment
Mar 28, 2026 4:19 PM

In Dierdre McCloskey’s latest book, Bourgeois Equality: How Ideas, Not Capital or Institutions, Enriched the World, she builds on her ongoing thesis that our newfound prosperity is not due tosystems, tools, or materials, but the ideas, virtues, and rhetoric behind them.

Much has been made of herargument as it relates to the (ir)relevance of thosematerial features as causes: “coal or thrift or capital or exports or exploitation or imperialism or good property rights or even good science.” Butless has been said about her views on the spiritual/material as it relates to the byproducts.

I’m not yet finished with the book, but on page 70, she offers her view on thespiritual dynamics of what’s e.

Contrary to popular claims that an increasingly prosperous free society will necessarily trend toward greed, envy, and idleness, McCloskey sees a future with more resources, and thus, more time and space for the transcendent.“One would hope that the Great Enrichment would be used for higher purposes,” she writes…”Enrichment leads to enrichment, not loss of one’s own soul.”

The resulting spiritual change, as I have noted, has been and will be as impressive as the material change. At the level of the purpose of a human life it is the more important e. For what is a man profited, if he shall gain the whole world, and lose his own soul? The sacred and meaning-giving virtues of hope, faith, and transcendent love for science or baseball or medicine or God are enabled by our riches in our present lives to bulk larger than the profane and practical virtues of prudence and temperance necessary among people living in extreme poverty. True, in our modern times even unworthy uses of our higher e – eating more Fritos, watching more reality TV – are better physically than in ancient times starving in beggary by the West Gate. Look again at falling death rates worldwide. But one would hope that the Great Enrichment would be used for higher purposes.

And on the most high-minded criteria, it has been, and will be. Enrichment leads to enrichment, not loss of one’s own soul. The American journalist and essayist H.L. Mencken, no softie, noted in 1917 a propos of Sister Carrie’s good fortune, that “with the rise from want to security, from fear to es an awakening of the finer perceptions, a widening of the sympathies, a gradual unfolding of the delicate flower called personality, an increased capacity for loving and living.” Nor was the University of Iowa economist Frank Knight a softie, yet he too spoke in 1923 about such an increased capacity: “As the standard of living rises, the economic interests of people are transferred more and more out of the sphere of fundamental needs into that of aesthetic and social gratification and pure experimentation.” And no blame attaches.

Contrary to popularpredictions and perceptions, the spread of economic prosperity has created more room, not less, for activities centered around the transcendent, and not just through the “extras” it provides in time and treasure. In the work itself, our increasingly enriched economy is enriched by further interconnectedness. The more those connections accelerate, the more our work arcs toward service vs. self-reliance.

Prior to the Great Enrichment, many people simply worked for themselves. Now, thanks to a global economy increasingly driven byfree and open exchange, we have the ability to point our service to the other.

“Civilization is sharing in the work of others,” as theologian Lester DeKosterputs it. “It is a circle we will finally see close: Our working puts us in the service of others; the civilization that work creates puts others in the service of ourselves. Thus, work restores the broken family of humankind.”

This new frontier of prosperity – of abundant time and resources and energetic collaboration – can certainly be abused, if neglected. Indeed, the “transcendent” space of civilization can be wholly occupied by spiritual darkness, if we so choose.But that’s where the Christian finds his entrance.

We live at a time where we have incredible channels and resources to respond, creating meaningful enterprises and institutions that remind society of its fundamental purpose and foremost obligations.

We have, as McCloskeyputs it, “increased capacity for loving and living,” and we best getto it.

Comments
Welcome to mreligion comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
RELIGION & LIBERTY ONLINE
Interview: Rev. Sirico responds to ‘Does Capitalism Promote Greed?’
In a follow up interview to “Is Capitalism Immoral?,” Joseph E. Gorra on the Patheos Evangelical channel talks with Rev. Robert A. Sirico, Acton Institute president and co-founder, about the publication of his new book, Defending the Free Market: The Moral Case for a Free Economy. Gorra begins the interview by observing that “within Western societies today there appears to be a kind of fact/value dichotomy that operates as an assumption in much of our discourse, where questions of ‘economics’...
Ongoing evaluation of the effectiveness of public policy
One of the real challenges in arguing for various social policies is getting reliable data about the effectiveness of government programs. This is particularly the case with regard to welfare spending. It’s often very difficult to measure a particular program’s effectiveness, however. But this is an essential task, as Jennifer Marshall writes: The measure of passion for the poor should not be how much we spend on federal antipoverty programs. Compassion must be effective. We ought to define success by...
An Aberration of Human History
On AEI’s Values & Capitalism blog, RJ Moeller kicks off a new series that will “highlight the work and ideas of people advocating for free enterprise in pelling and interesting ways” with a review of Rev. Sirico’s Defending the Free Market: As you continue through the richly insightful pages of “Defending The Free Market,” Rev. Sirico goes to great lengths to drive home an incredibly important point: Freedom is not normal. The United States is not just an aberration. It...
From Success to Service
In my Acton Commentary this week, “Good Work Never Ends,” I look at the example of two local personalities, John Izenbaard of Kalamazoo, Michigan, and Fred Carl Hamilton of Wyoming, Michigan, to argue that “the good work of service to others ought never end as long as we live.” Izenbaard in particular is a striking example of perseverance in serving others. The 90 year-old Izenbaard has been working at Hoekstra’s True Value Hardware for 74 years, and has no plans...
Good Intentions Are Insufficient
From ’s es this story about pany Capital Bikeshare, a business which rents bikes to people throughout the D.C. metropolitan area. Sounds like a cool idea, but why is it getting taxpayer support? Capital Bikeshare, which rents bikes at more than 165 outdoor stations in the Washington D.C. area, serves highly educated and affluent whites.There’s nothing wrong with that, of course, except that the program has received $16 million in government subsidies, including over $1 million specifically earmarked to “address...
Deavel’s Review of Defending the Free Market
David Paul Deavel has a fine review of Rev. Robert Sirico’s Defending the Free Market over at National Review Online. Deavel notes: What makes Sirico’s defense of a free economy all the stronger is his consistent acknowledgment that a functioning free market neither immanentizes the eschaton, making heaven on earth, nor makes a society virtuous or whole. Freedom of economic (and other) action is not the goal of society — acting virtuously in freedom is. And the intellectual and spiritual...
Samuel Gregg: Financial Fiddling while the Euro Burns
On National Review Online, Acton Research Director Samuel Gregg examines the push for a “transaction tax” to solve some of the fiscal problems in the European Union. The move would, Gregg explains, “levy a tax on any transaction on financial instruments (securities, loans, deposits, derivatives, and various asset classes) between banks, hedge funds, insurance businesses, panies, and other financial organizations whenever one contracting party is located in the EU.” That may not sound like much, but would apply to literally...
Reflections on Acton University
If you missed the recent Acton University, here is a roundup of reactions and reflections by bloggers to give you an idea of why you need to attend next year: Dave Doty of Eden’s Bridge gives a sense of what AU is like for those who have never attended: The University runs from Tuesday to Friday nights and includes twelve seminars (four per day) and evening plenary speakers after what have always been excellent dinners. The event has grown to...
Commentary: Reclaiming Fear
Perhaps no other adjective better captures the American political climate than fearful, says Andrew Knot in this week’s Acton Commentary (published May 25). “The past decade has witnessed a spike in fear-driven politics, at least accusations of such. ing election appears no different,” he adds. The full text of his essay follows. Subscribe to the free, weekly Acton News & Commentary and other publications here. Reclaiming Fear byAndrew Knot The march toward the 2012 presidential election inevitably brings a heightened...
Care Bears are Cheaper
ABC’s Chancellors for Equity and Inclusion, 1985-1988 Source: I have recently written on the moral implications of growing tuition costs and the resulting student loan debt (here). One factor I did not explore in depth was the reason for rising tuition costs, which, adjusted for inflation, have more than doubled since the 1980s. No doubt, there are many factors that have contributed to this, but George F. Will of the Boston Herald points to one possible cause: bureaucratic sprawl under...
Related Classification
Copyright 2023-2026 - www.mreligion.com All Rights Reserved