Is Inequality Entrenched Forever?

Paul Sweeney 12/12/2016

Will the poor be always with us, as the Bible warned? Comparing the family wealth to those with the same surname today, a new study suggests that the richest families in Florence 600 years ago remain the same today. This study, by two Italian economists, Guglielmo Barone and Sauro Mocetti, analysed Florentine taxpayers back in 1427 to those in …