The Consumer Revolution: Turning Point in Human History, or Statistical Artifact?
A Farewell to Alms argued based on wages, rents and returns on capital that the English by 1800 were no wealthier than in 1400. An argument against this has been the supposed consumer revolution of 1600-1750. Since ordinary families by 1750 begin routinely consuming former luxury goods, income must have risen much faster than wages through a concomitant industrious revolution. This paper argues that the consumer and industrious revolutions of 1600-1750 are artifacts created by misinterpreting the major source on consumption in these years, probate inventories. Properly interpreted there is no conflict between wages, income and consumption in England 1600-1750.
|Date of creation:||04 Jul 2010|
|Contact details of provider:|| Postal: Ludwigstraße 33, D-80539 Munich, Germany|
Web page: https://mpra.ub.uni-muenchen.de
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Robert C. Allen, 2008. "A Review of Gregory Clark's A Farewell to Alms: A Brief Economic History of the World," Journal of Economic Literature, American Economic Association, vol. 46(4), pages 946-973, December.
- Clark, Gregory & Cummins, Neil, 2010.
"Malthus to Modernity: England’s First Fertility Transition, 1760-1800,"
25465, University Library of Munich, Germany.
- Gregory Clark & Neil Cummins, 2010. "Malthus to Modernity: England?s First Fertility Transition, 1760-1800," Working Papers 1013, University of California, Davis, Department of Economics.
- E. A. Wrigley, 2007. "English county populations in the later eighteenth century -super-1," Economic History Review, Economic History Society, vol. 60(1), pages 35-69, February.
- Voth, Hans-Joachim, 2001. "The Longest Years: New Estimates Of Labor Input In England, 1760 1830," The Journal of Economic History, Cambridge University Press, vol. 61(04), pages 1065-1082, December.
- Gregory Clark, 2009. "The Macroeconomic Aggregates for England, 1209-2008," Working Papers 919, University of California, Davis, Department of Economics.
- Clark, Gregory & Werf, Ysbrand Van Der, 1998. "Work in Progress? The Industrious Revolution," The Journal of Economic History, Cambridge University Press, vol. 58(03), pages 830-843, September.
- Gregory Clark & Michael Huberman & Peter H. Lindert, 1995. "A British food puzzle, 1770–1850," Economic History Review, Economic History Society, vol. 48(2), pages 215-237, May. Full references (including those not matched with items on IDEAS)