through a two stage evolution of inequality. In the first half of the nineteenth century, the real wage stagnated while output … prime mover behind the industrial revolution. Capital accumulation was a necessary complement. The surge in inequality was …

they contain a story of dramatically increasing inequality between 1800 and 1840: GDP per worker rose 37%, real wages … inequality was intrinsic to the growth process. Technical change increased the demand for capital and raised the profit rate and …