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According to Deirdre McCloskey, what is the Bourgeoise Deal? In the first act [ Select ] [innovators, startups, big companies] try this or that improvement.
According to Deirdre McCloskey, what is the Bourgeoise Deal?
In the first act [ Select ] ["innovators", "startups", "big companies"] try this or that improvement. [ Select ] ["Government contracts", "Wages", "Profits"] go to innovators who bring to market things people want.
In the second act [ Select ] ["Donald Boudreaux", "competitors", "consumers"] will erode profits by entering and bidding prices down.
In the third act, prices fall, and [ Select ] ["consumer", "government", "producer"] surplus makes consumers rich.
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