Would it be better to live in Medieval England than today’s poorest nations?
.
Via Eurekalert:
New research led by economists at the University of Warwick reveals that medieval England was not only far more prosperous than previously believed, it also actually boasted an average income that would be more than double the average per capita income of the world’s poorest nations today.
In a paper entitled British Economic Growth 1270-1870 published by the University of Warwick’s Centre on Competitive Advantage in the Global Economy (CAGE) the researchers find that living standards in medieval England were far above the “bare bones subsistence” experience of people in many of today’s poor countries.
Digests of posts:
Things you didn’t know about sex
How to quickly and easily improve your life
Things you didn’t know about sports
Things you didn’t know about happiness
Things you didn’t know about lies, liars and detecting lies
Things you didn’t know about negotiation, persuasion and influence
