[ExI] the formerly rich and their larvae...

[hkhenson]

At 01:19 PM 2/9/2008, J. Andrew Rogers wrote:

>On Feb 9, 2008, at 3:25 AM, BillK wrote:

snip

> > So the economy could well be booming while much of the population was
> > becoming poorer (relatively, within their own country).
>
>That is a very strained definition of "poorer".  Much of the third
>world wishes that kind of poverty would be inflicted upon them.

One of the things that Gregory Clark remarks about in Farewell to 
Alms is the amazing extent to which the lowest income class in the 
western world has benefited from the post 1800 rise in riches.

Keith