Was income inequality much larger 200 years ago?

Philip Greenspun's Weblog 2014-05-15

Summary:

Thomas Piketty’s Capital in the Twenty-First Centurycontains a lot of historical data. Piketty relies on the fact that there was tremendous stability in both prices and interest rates during the 18th and 19th centuries: In the novels of Jane Austen and Honoré de Balzac, the fact that land (like government bonds) yields roughly 5 percent of […]

Link:

http://blogs.law.harvard.edu/philg/2014/05/15/was-income-inequality-much-larger-200-years-ago/

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Blogs.law Aggregation Hub » Philip Greenspun's Weblog

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philg

Date tagged:

05/15/2014, 13:10

Date published:

05/15/2014, 11:01