Greed, avarice, and envy were among the deadly sins. Usury … was an offense against God. It was only in the eighteenth century that greed became morally respectable.
It\’s exactly at the point that what were formerly thought to be sins became regarded as the bourgeois virtues that we started to have sustained economic growth.
But M\’Lord Skidelsky wishes to decry this rather than celebrate it. Which is why he is a historian and biographer, not economist.