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Prometheus ShackledGoldsmith Banks and England's Financial Revolution after 1700$
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Peter Temin and Hans-Joachim Voth

Print publication date: 2013

Print ISBN-13: 9780199944279

Published to Oxford Scholarship Online: January 2013

DOI: 10.1093/acprof:oso/9780199944279.001.0001

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Earning and Spending in Eighteenth-Century London

Earning and Spending in Eighteenth-Century London

Chapter:
(p.7) 1 Earning and Spending in Eighteenth-Century London
Source:
Prometheus Shackled
Author(s):

Peter Temin

Hans-Joachim Voth

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780199944279.003.0002

This chapter sets the scene of the book. It does so first by going through a series of Hogarth prints—the “Rake's Progress.” We then survey the class structure of England in general and of London society in particular from the historical record. Inequality was high; the so-called “middling sort” was becoming more influential. Approaching the evidence from these two vantage points illuminates the problem of survivor bias that affects all business history.

Keywords:   income structure, middle classes, middling sort, middle-class values, Hogarth, London in the eighteenth-century, survivor bias

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