Thrift : rebirth of a forgotten virtue / Theodore Roosevelt Malloch.

Format:

Book

Author/Creator:

Malloch, Theodore Roosevelt, 1952-

Language:

English

Subjects (All):

Thriftiness.

Finance, Personal.

Physical Description:

xxiv, 238 pages ; 23 cm

Edition:

First American edition.

Place of Publication:

New York, N.Y. : Encounter Books, 2009.

Summary:

Despite the calls for massive spending and "stimulus," if the current financial crisis has taught us anything it is that it is imperative to save, not just spend bailouts. In fact, over the years thrift has become America's lost or forgotten virtue, rarely mentioned and never celebrated, despite its true historical significance. In Thrift, Theodore Roosevelt Malloch looks at the history of thrift from its roots in the Scottish enlightenment to the no-waste credo of Sam Walton. Thrift, Malloch argues, provides the resources to ultimately stimulate prosperity. Even if the government manages to shock our economy back to life, Americans will require discipline, accountability and farsightedness - all natural products of thrift - to right its course for generations to come. In an age when corruption and ineptitude have crowded out thrift, Malloch's important book is lively, topical, and immediately useful.

Contents:

The origins of thrift

Consumerism and development

Virtue and the moral life

The consequences of modern selfishness

The "spirit" of nations

Modern theories and institutions of thrift

Thrift and the other virtues

Democratic morality and spiritual enterprise

Heroes of thrift.

Notes:

Includes bibliographical references and index.

ISBN:

9781594032608

1594032602

OCLC:

327431820