The Surprising Wealth of Pre-industrial England
Brock Smith (),
Gregory Clark () and
No 139, Working Papers from University of California, Davis, Department of Economics
Occupations listed in wills reveal that as early as 1560 effectively only 60% of the English engaged in farming. Even by 1817, well into the Industrial Revolution, the equivalent primary share, once we count in food and raw material imports, was still 52%. By implication, incomes in pre-industrial England were close to those of 1800. Urbanization rates are not a good guide to pre-industrial income levels. Many rural workers were engaged in manufacturing, services and trade. The occupation shares also imply pre-industrial England was rich enough in 1560 to rank above the bottom fifth of countries in 2007.
Keywords: Growth; England; Pre-industrial (search for similar items in EconPapers)
JEL-codes: N13 O40 O52 (search for similar items in EconPapers)
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Working Paper: The Surprising Wealth of Pre-industrial England (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:cda:wpaper:139
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