“ Prices and Real Inequality in Europe since 1500 ”

@inproceedings{Hoffman2002PA,
  title={“ Prices and Real Inequality in Europe since 1500 ”},
  author={Philip T. Hoffman and David S. Jacks and Patricia A. Levin and Peter H. Lindert},
  year={2002}
}
Introducing a concept of real, as opposed to nominal, inequality of income or wealth suggests some historical reinterpretations, buttressed by a closer look at consumption by the rich. The purchasing powers of different income classes depend on how relative prices move. The influence of relative prices on real inequality was greater in the sixteenth through… CONTINUE READING