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Unequal Gains: American Growth and Inequality since 1700 (The Princeton Economic History of the Western World Book 62) by Peter H. Lindert; Jeffrey G. Williamson is a nonfiction available to read on EtoBox.

What is Unequal Gains: American Growth and Inequality since 1700 (The Princeton Economic History of the Western World Book 62) about?

A book that rewrites the history of American prosperity and inequality Unequal Gains offers a radically new understanding of the economic evolution of the United States, providing a complete picture of the uneven progress of America from colonial times to today. While other economic historians base their accounts on American wealth, Peter Lindert and Jeffrey Williamson focus instead on income—and the result is a bold reassessment of the American economic experience. America has been exceptional in its rising inequality after an egalitarian start, but not in its long-run growth. America had already achieved world income leadership by 1700, not just in the twentieth century as is commonly thought. Long before independence, American colonists enjoyed higher living standards than Britain—and America's income advantage today is no greater than it was three hundred years ago. But that advantage was lost during the Revolution, lost again during the Civil War, and lost a third time during the Great Depression, though it was regained after each crisis. In addition, Lindert and Williamson show how income inequality among Americans rose steeply in two great waves—from 1774 to 1860 and from t

Who reads Unequal Gains: American Growth and Inequality since 1700 (The Princeton Economic History of the Western World Book 62)?

Author

Peter H. Lindert; Jeffrey G. Williamson

Publisher

Princeton University Press

Published

2016

Language

EN

ISBN

9780691170497

Category

nonfiction

Subjects

History, Political Science, Economics