“Culture makes all the difference,” Romney said at a fundraiser in Israel, comparing the country’s economic vitality to Palestinian poverty. Certainly there is a pedigree for this idea. Romney cited David Landes, an economics historian. He could have cited Max Weber, the great German scholar who first made this claim 100 years ago in his book “The Protestant Ethic and the Spirit of Capitalism,” which argued that Protestant values were the most important fuel for economic progress.
Britain facing ‘acute challenges’, Andrew Bailey tells economic summit
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Bank of England chief tells Jackson Hole event of concern about weak growth
and fall in worker numbers
Britain faces an “acute challenge” from its weak u...
58 minutes ago