The debate about the standard of living him in the Industrial Revolution
involved some of the best in economic historians. It was quite similar in
some ways to the exchanges between Lou and Brad. You asked for conclusive
answers. That's easy. Just tell me the answer you want, and we can find
the appropriate authorities to support it.
One side said that the workers could now drink tea. The other side said
that the team was a poor substitute for milk.
In a way, it is like the Boskin commission writ large. Economic
measurement was very subjective.
On Mon, Apr 30, 2001 at 12:11:31PM -0400, Doug Henwood wrote:
> Michael Perelman wrote:
>
> >Brad, there was a long debate about the standard of living during the
> >Industrial Revolution. You probably know the literature as well as
> >anyone. The issue is complex, but Lou's monetization point cannot be
> >dismissed.
>
> No it can't, but 1) we're a long way past the Industrial Revolution,
> and 2) does anyone know how many people it applies to today? We seem
> to have two extremes here, with LNP saying it applies broadly, and
> BDL saying it hardly applies at all. Does anyone really know?
>
> Doug
>
--
Michael Perelman
Economics Department
California State University
Chico, CA 95929
Tel. 530-898-5321
E-Mail [EMAIL PROTECTED]
