Thrift : Rebirth of a Forgotten Virtue

by Malloch, Theodore Roosevelt

• ISBN13: 9781594032608
• ISBN10: 1594032602
• Edition: 1st
• Format: Paperback
• Copyright: 2009-11-03
• Publisher: Encounter Books

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. Book jacket.

Author Biography

Theodore Roosevelt Malloch is chairman and CEO of the Roosevelt Group. He headed consulting at Wharton-Chase Econometrics and has worked in capital markets at Salomon Brothers. Dr. Malloch has held positions at the United Nations and has served in senior policy positions in the U.S. Senate Committee on Foreign Relations and in the U.S. Department of State. He is a research professor at Yale University and the author of Spiritual Enterprise.

Table of Contents

Foreword by Sir John Templeton	p. xiii
Introduction	p. xvii
The Origins of Thrift	p. 1
Consumerism and Development	p. 21
Virtue and the Moral Life	p. 61
The Consequences of Modern Selfishness	p. 83
The "Spirit" of Nations	p. 97
Modern Theories and Institutions of Thrift	p. 121
Thrift and the Other Virtues	p. 137
Democratic Morality and Spiritual Enterprise	p. 161
Acknowledgments	p. 191
Endnotes	p. 199
Appendix: Heroes of Thrift	p. 203
Index	p. 227
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