1st Edition

Did British Capitalism Breed Inequality?

By Jeffrey G. Williamson Copyright 2006
    288 Pages
    by Routledge

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    First Published in 2005. This thirteen-chapter title is divided into three parts and concludes with five appendices, references, and index. The first part focuses on income inequality and the historical state of wages. The second begins the discussion on the driving forces of economic inequality and equilibrating factors. The third provides a model for inequality in a resource-scarce open economy with data, theory, and debate. Appropriate for economic students and those interested in British economic history.

    1. The issues

    PART I

    2. Real wages and standard of living

    3. Earnings inequality, skill scarcity and the structure of pay

    4. Income inequality


    5. What drives inequality?

    6. Disequilibrating factor demand: The industrialization bias

    7. Equilibrating supply: men, machines and skills


    8. Modeling inequality in a resource-scarce open economy

    9. Fact or fiction?

    10. Accounting for the Kuznets Curve, 1821-1911

    11. Why was British growth so slow before the 1820s?

    12. Inequality, industrialization and the standard of living during wartime: conjectures

    13. Data, theory and debate



    Williamson, Jeffrey G. Professor of Economics, Harvard University