The Great Enrichment Is Real

by | Sep 28, 2025

The Great Enrichment Is Real

by | Sep 28, 2025

From about 1800 to the present the world’s economy did something good, which looks to be permanent and looks to be justified. If contrary to the evidence we cling to our prejudices about economic history—our view that the Industrial Revolution was improverishng, or that the Grteat Enrichment was an irremediable environmental disaster, or that Europe is rich only because of poverty in the Third World, or that the new rich are always getting relatively richer, or that after all any enrichment is vulgar—we will mistake how we got here and will give mistaken advice on how to move forward. We will betray the remaining poor of the world.

—Deirdre Nansen McCloskey, Bourgeois Equality

Sheldon Richman

Sheldon Richman

Sheldon Richman is the former executive editor of The Libertarian Institute and a contributing editor at Antiwar.com. He is the former senior editor at the Cato Institute and Institute for Humane Studies; former editor of The Freeman, published by the Foundation for Economic Education; and former vice president at the Future of Freedom Foundation. His latest books are Coming to Palestine and What Social Animals Owe to Each Other.

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