Engels' Pause: Technical Change, Capital Accumulation, and Inequality in the British Industrial Revolution.
The paper reviews the macroeconomic data describing the British economy from 1760 to 1913 and shows that it passed through a two stage evolution of inequality. In the first half of the 19th century, the real wage stagnated while output per worker expanded. The profit rate doubled and the share of pr...
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| Format: | Journal article |
| Language: | English |
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Elsevier
2009
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