Mises Wire
Author:
Mark Thornton
Online Publish Date:
From the Quarterly Journal of Austrian Economics 21, no. 2 (Summer 2018). In a core chapter in their book, Unequal Gains: American Growth and Inequality since 1700 (Princeton University Press, 2016), Peter H. Lindert and Jeffrey G. Williamson present “The Greatest Leveling of All Time,” circa 1910 to 1970. In this chapter, the two prominent