Draft:History of economic inequality
Translation from French / From Wikipedia, the free encyclopedia
History of economic inequality is a historico-economic domain studying evolution of distribution of non-equal material wealth throughout history between groups of a same society, or between societies.
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According to Simon Kuznets, the rise in inequality is unavoidable with the birth of an Industrial Revolution, as it needs a dense concentration of capital in order to allow industrialisation. Afterwards, the level of inequality will decrease over time as industrialists need to employ qualified labors in order to complete ever more complexified tasks. Thus wage increases.
Economist Branko Milanović challenges this "naturalistic" approach of the evolution of inequality, deeming that there is nothing natural in it, but solely the product of industrial dispute. Thomas Piketty goes as far as stating that the historical rise or decrease in inequality in capitalism is but contingent,[1] and that industrial dispute and ideology are the means to transform the evolution of inequality within society.[2]