3 ms·
True. Just as the Industrial Revolution has reduced income inequalities within societies, it has increased them between societies. There lives now both the ric
by dredmorbius 2y ago
True.
Just as the Industrial Revolution has reduced income inequalities within societies, it has increased them between societies. There lives now both the richest people who ever walked the earth, and the poorest. This divergence in regional and national fortunes since the Industrial Revolution has recently been labeled the Great Divergence.
Gregory Clark, A Farewell to Alms, (2006) pp 3--4.
<https://faculty.econ.ucdavis.edu/faculty/gclark/papers/FTA2006-1.pdf https://faculty.econ.ucdavis.edu/faculty/gclark/papers/FTA20...>
NB: Clark's book is from the Princeton University Press's "Economic History of the Western World" series edited by Joel Mokyr. It's an absolutely phenomenal treasury of books about economic history with a special focus on the immense transformation of the Industrial Revolution(s). Some may have heard of Robert J. Gordon's The Rise and Fall of American Growth, one of the 50+ books in the series. It's not all the books I'd recommend reading on the topic, but it's a dense treasury of quite good ones.
<https://press.princeton.edu/series/the-princeton-economic-history-of-the-western-world https://press.princeton.edu/series/the-princeton-economic-hi...>