Chapter

Earning and Spending in Eighteenth-Century London

Peter Temin and Hans-Joachim Voth

in Prometheus Shackled

Published in print January 2013 | ISBN: 9780199944279
Published online January 2013 | e-ISBN: 9780199980789 | DOI: http://dx.doi.org/10.1093/acprof:oso/9780199944279.003.0002
Earning and Spending in Eighteenth-Century London

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This chapter sets the scene of the book. It does so first by going through a series of Hogarth prints—the “Rake's Progress.” We then survey the class structure of England in general and of London society in particular from the historical record. Inequality was high; the so-called “middling sort” was becoming more influential. Approaching the evidence from these two vantage points illuminates the problem of survivor bias that affects all business history.

Keywords: income structure; middle classes; middling sort; middle-class values; Hogarth; London in the eighteenth-century; survivor bias

Chapter.  6402 words.  Illustrated.

Subjects: Economic History

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