McCants A. (2007) Poverty v. Modernity: 1/0

September 29, 2009

McCants, Anne E.C. (2007) “Inequality among the poor of eighteenth century Amsterdam”, Explorations in Economic History, 44/1: 1-21.

d5124042lAnne McCantssteen_nicholas

The Netherlands, and more precisely Holland, are often described as the first modern economy (p.2). Economic growth over the Golden Ages attracted numerous migrants from the rural areas of the country as well as from all over Northern Europe. Usually these new comers were extremely poor and as a result standards of living in 1800 seem to have been lower than in 1500. Dutch cities were thus characterized by a very high level of inequality (p.2). Read the rest of this entry »


On [growing] American inequality

August 24, 2009

How much household income has received the top 0.01% of Americans since 1913?
Here‘s a graph in Paul Krugman’s blog showing it.

The richest 0.01% individuals in America and their income

The richest 0.01% individuals in America and their income

The graph was made with the tables and figures updated to 2007 prepared by Emmanuel Saez, Professor of Economics at the University of California at Berkeley and the most recent winner of the John Bates Clark medal.
Read the rest of this entry »