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Fascinating book by @WalterScheidel, on economic inequality across the ages. THE GREAT LEVELER amazon.com/Great-Leveler-… 1/
2018-01-14 08:03:41Larger agglomerations (w more technology) have higher inequality. Nobles of Akkadian Empire were richer than those of Sumerian city states. Nobles of Roman Empire were some of the richest individuals in human history (i.e. when their wealth is measured as a share of GDP) 2/
2018-01-14 08:03:42Yet, (relative) equality is restored only w violence & catastrophe (eg, Black Death). "All of us who prize greater economic equality would do well to remember that, with the rarest of exceptions, it was only ever brought forth in sorrow. Be careful what you wish for’’ (p 44). 3/
2018-01-14 08:03:42Economic growth often increases income inequality, but it can also reduce inequality of *consumption.* So the poor may be better off in richer environments, even if relative standing is worse. 4/
2018-01-14 08:03:42Our own work has shown that the *visibility* of inequality, more then the inequality per se, may be especially corrosive to the social fabric. nature.com/articles/natur… I wonder if @WalterScheidel historical data sheds light on this idea? end 5/ pic.twitter.com/lmU2jc0pcv
2018-01-14 08:03:43