Must-Read: And the ‘winner’ for all time–in terms of success at extracting as much wealth from the workers as possible given resources, population, and technology–is Mughal India in 1750!

Branko Milanovic, Peter H. Lindert, and Jeffrey G. Williamson: Pre-Industrial Inequality: “Is inequality largely the result of the Industrial Revolution?…

…Or were pre-industrial incomes as unequal as they are today? This article infers inequality across individuals within each of the 28 pre-industrial societies, for which data were available, using what are known as social tables. It applies two new concepts: the inequality possibility frontier and the inequality extraction ratio. They compare the observed income inequality to the maximum feasible inequality that, at a given level of income, might have been ‘extracted’ by those in power. The results give new insights into the connection between inequality and economic development in the very long run.

Ye Olde Inæqualitee Shoppe Pseudoerasmus Https pseudoerasmus files wordpress com 2014 09 blwpg263 pdf