If you had a conversation about the growing gap between rich and poor almost anywhere in today’s world, you would very likely refer to “the top one percent,” a phrase that evokes the skyrocketing wealth of the superrich. A similar conversation in West Germany in the 1970s or 1980s would have revolved around the latest movements in wage earners’ aggregate share of the national income, evoking images of a society divided into employers and employees. In 1980s Britain, you might have talked about income growth among the bottom tenth of the population, as the government tried to steer the discussion away from income relativities and overall inequality.
Tag: economic knowledge
Technologies of Trust: Marc Flandreau’s Examination of Financial and Anthropological Knowledge in Victorian Britain
Victorian London can be seen as multiple cities at once: the imperial metropole par excellence, where different political visions clashed in the course of establishing and governing the British Empire; the thumping heart of global capitalism, busily circulating capital from one corner of the world to another through its formal securities markets and in private deal-making; and the origin point of the modern network of interconnected “learned societies.”1 Flandreau, formerly of the University of Geneva and now the Howard Marks Chair of Economic History at the University of Pennsylvania, nimbly navigates the history of these three different Londons in Anthropologists in the Stock Exchange: A Financial History of Victorian Science.