• Publications
  • Influence
Capital in the 21st Century
On 19 December 2014, the Centre for Economic Policy Research and the Bank of England hosted a discussion forum based around Thomas Piketty’s book, Capital in the twenty-first century, with a number
Growing Public. Social Spending and Economic Growth Since the Eighteenth Century. Volume 2: Further Evidence, by Jari Eloranta
Growing Public examines the question of whether social policies that redistribute income impose constraints on economic growth. Taxes and transfers have been debated for centuries, but only now can
Does Globalization Make the World More Unequal?
The world economy has become more unequal over the last two centuries. Since within- country inequality exhibits no ubiquitous trend, it follows that virtually all of the observed rise in world
What Limits Social Spending
Abstract The forces that are most likely to set the ultimate limits on social spending as a share of GDP are not those usually imagined. The deadweight costs of such spending, and the taxes behind
The Rise of Social Spending, 1880-1930
Abstract A closer look at the dawn of social spending before 1930 reinterprets the timing, sources, and effects of its rise. New data and tests suggest that income growth played less of a role in
Unequal Gains: American Growth and Inequality since 1700
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
Unequal English Wealth since 1670
  • P. Lindert
  • Economics, History
    Journal of Political Economy
  • 1 December 1986
New data on probated wealth, landownership, debts, and occupations extend our view of the distribution of English wealth back from 1911 to 1670. There were widening gaps in mean wealth between the
Measuring Ancient Inequality
Is inequality largely the result of the Industrial Revolution? Or, were pre-industrial incomes and life expectancies as unequal as they are today? For want of sufficient data, these questions have