American Prices and Urban Inequality Since 1820

This article examines the forces that appear to have driven long-term trends in American urban inequality. The changing structure of consumer goods' prices is shown to have played a significant—but not dominant—role in every phase of increasing and decreasing nominal inequality from 1820 to 1929. The revealed symmetry in movement between the urban price and income structure suggests that a successful macro-distribution model must explain both historical phenomena. Finally, the article concludes that technological imbalance was a crucial element in shaping peacetime patterns of income distribution

Development economics · Distribution (mathematics · Economic geography · Economic inequality · Economics · Element (criminal law · Geography · Income distribution · Inequality · Macro · Peacetime · Political science · Economic theories and models · Economic Theory and Policy · Fiscal Policy and Economic Growth · Law · Mathematics

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