Clark, Gregory and Cummins, Joe and Smith, Brock (2010): The Surprising Wealth of Pre-industrial England.
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Occupations listed in wills reveal that as early as 1560 effectively only 60% of the English engaged in farming. Even by 1817, well into the Industrial Revolution, the equivalent primary share, once we count in food and raw material imports, was still 52%. By implication, incomes in pre-industrial England were close to those of 1800. Urbanization rates are not a good guide to pre-industrial income levels. Many rural workers were engaged in manufacturing, services and trade. The occupation shares also imply pre-industrial England was rich enough in 1560 to rank above the bottom fifth of countries in 2007.
|Item Type:||MPRA Paper|
|Original Title:||The Surprising Wealth of Pre-industrial England|
|Keywords:||Long Run Growth England|
|Subjects:||N - Economic History > N3 - Labor and Consumers, Demography, Education, Health, Welfare, Income, Wealth, Religion, and Philanthropy
N - Economic History > N1 - Macroeconomics and Monetary Economics ; Industrial Structure ; Growth ; Fluctuations > N13 - Europe: Pre-1913
O - Economic Development, Innovation, Technological Change, and Growth > O4 - Economic Growth and Aggregate Productivity
|Depositing User:||Gregory Clark|
|Date Deposited:||28. Sep 2010 10:15|
|Last Modified:||23. Feb 2015 01:33|
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