Thrift: Rebirth of a Forgotten Virtue

Despite the calls for massive spending and “stimulus,” if the current financial crisis has taught us anything, it is to save, not just spend. In fact, over the years “thrift” has become America’s lost or forgotten virtue, rarely mentioned and never celebrated, despite its historical significance. In Thrift, Theodore Roosevelt Malloch traces 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 t...