3min chapter

Conversations with Tyler cover image

Gregory Clark on Social Mobility, Migration, and Assortative Mating (Live at Mercatus)

Conversations with Tyler

CHAPTER

Exploring Consumption Patterns and Economic Transformation

This chapter delves into the analysis of wage price series and the impact of defining consumption baskets. It examines historical consumption patterns in England, linking them to technological advances and living standards, and challenges conventional views on economic progress during pivotal moments like the Industrial Revolution.

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