The West, though it had many ups and downs throughout history overall has been prosperous and successful. Many scholars today have some form of explanation for the reasoning behind western prosperity; many of these explanations fail to explain certain aspects of this prosperity which leaves gaps in the explanations. Deidre McCloskey, a very well-known professor of economics, has more of a sensible explanation for this matter. According to her, why do some of the traditional explanations for western prosperity fail, and what in her view is the major, unique ingredient that accounts for it?
Some of the traditional explanations for western prosperity include imperialism, private rights, resources, etc. Though those are important factors, they do not exactly account for a full explanation. McCloskey on the other hand stated that she believed that the most important explanation to western prosperity is the fact that the middle class was acknowledged in the west. The middle class is technically the backbone of society and was acknowledged as such during a lot of western history. This according to McCloskey is a major unique ingredient that accounts for western prosperity or overall success in history.