Economic Growth, Human Capital Formation and Consumption in Western Europe Before 1800
Argues that during the early modern period in Europe living standards gradually rose not only because probate inventories reveal that people were acquiring more and better quality durable goods. They were also increasingly allocating resources to the acquisition of the skills of literacy. Partly, this human capital served to enhance their productivity and earning ability, but it also served for pleasure, edification and gaining status and to this extent it should be considered as a consumer durable too. A quantitative exercise tries to show that if this is factored into the more traditional ‘material consumption’ approach, it can lead to a significant reconsideration of the standard of living debate, in particular, as regards the eighteenth century.
Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.
If you think you should have access to this title, please contact your librarian.