Lec 29_April19Inequality

Lec 29_April19Inequality - European Economic History...

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5/10/10 European Economic History Inequality April 19, 2010 C. Shiue
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5/10/10 Impact of industrialization First question: Did material life get absolutely worse for much or all of the urban working classes between 1750 and 1850? What did contemporaries think? Adam Smith, Wealth of Nations, 1776 Thomas Malthus
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5/10/10 Inequality After the mid-19th century, when it became more or less clear that absolute average national incomes had in fact increased, researchers turned their attention to a second question: Was the gap between the highest and lowest income groups widening or
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5/10/10 Dissenting view on this, too On the one hand, some people thought that the gap between the rich and poor widened. E.g. George Bernard Shaw, the British writer, described Socialism as a revolt to the increased inequality brought by the industrial revolution. On the other hand, there were those
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5/10/10 Historiography in the 1960s, “pessimists” from the left-leaning scholars. Eg. E.P. Thompson and E.J.
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This note was uploaded on 04/29/2010 for the course ECON 4514 taught by Professor Shuie during the Spring '08 term at Colorado.

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Lec 29_April19Inequality - European Economic History...

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