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- Bengtsson, Erik, et al.
(författare)
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Aristocratic Wealth and Inequality in a Changing Society: Sweden, 1750–1900
- 2019
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Ingår i: Scandinavian Journal of History. - : Informa UK Limited. - 1502-7716 .- 0346-8755. ; 44:1, s. 27-52
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Tidskriftsartikel (refereegranskat)abstract
- The role of the European nobility and their ability to retain their political and economic power are part of the debate on the modernization of Europe’s economy. This paper contributes to the literature by exploring the wealth of the Swedish nobility as the country evolved from an agrarian to an industrial economy. We use a sample of 200+ probate inventories of nobles for each of the benchmark years 1750, 1800, 1850 and 1900. We show that the nobility, less than 0.5 per cent of the population, was markedly dominant in 1750: the average noble was 60 times richer than the average person, and the nobles held 29 per cent of all private wealth. 90 per cent of the nobles were richer than the average person. By 1900 the advantage of the nobles’ wealth had declined; the group held only 5 per cent of total private wealth. At the same time, stratification within the nobility had increased dramatically. One group of super-rich Swedish nobles, often large land owners from the high nobility, possessed the biggest fortunes, but a large minority of nobles were no richer than the average Swede.
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- Bengtsson, Erik, et al.
(författare)
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ARISTOCRATIC WEALTH AND INEQUALITY IN A CHANGING SOCIETY: SWEDEN, 1750–1900
- 2019
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Ingår i: Scandinavian Journal of History. - : Routledge. - 0346-8755. ; 44:1, s. 27-52
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Tidskriftsartikel (refereegranskat)abstract
- The role of the European nobility and their ability to retain their political and economic power are part of the debate on the modernization of Europe’s economy. This paper contributes to the literature by exploring the wealth of the Swedish nobility as the country evolved from an agrarian to an industrial economy. We use a sample of 200+ probate inventories of nobles for each of the benchmark years 1750, 1800, 1850 and 1900. We show that the nobility, less than 0.5 per cent of the population, was markedly dominant in 1750: the average noble was 60 times richer than the average person, and the nobles held 29 per cent of all private wealth. 90 per cent of the nobles were richer than the average person. By 1900 the advantage of the nobles’ wealth had declined; the group held only 5 per cent of total private wealth. At the same time, stratification within the nobility had increased dramatically. One group of super-rich Swedish nobles, often large land owners from the high nobility, possessed the biggest fortunes, but a large minority of nobles were no richer than the average Swede.
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- Bengtsson, Erik, et al.
(författare)
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Mercantilist Inequality : Wealth and Poverty in Stockholm 1650-1750
- 2019
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Annan publikation (övrigt vetenskapligt/konstnärligt)abstract
- This paper maps social structure, poverty, wealth and economic inequality in Stockholm from 1650 to 1750. We begin by establishing the social structure, using census data and other sources. To study wealth and poverty, the main sources are a sample from the wealth tax of 1715, and probate inventory samples from 1650, 1700 and 1750. These provide detailed and sometimes surprising insights into the living standards of both the poor and rich. Stockholm in this period was a starkly unequal city, with the top decile of wealth holders owning about 90 per cent of total wealth. We argue that this inequality was the result of deliberate policy – the Mercantilist conviction of “just rewards” for each and every one according to his or her standing. The case of Stockholm shows the need for the historical inequality literature to consider class and power relations to understand the determinants of inequality.
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- Bengtsson, Erik, et al.
(författare)
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Mercantilist Inequality: Wealth and Poverty in Stockholm 1650–1750
- 2022
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Ingår i: Economic History Review. - : Wiley. - 1468-0289 .- 0013-0117. ; 75:1, s. 157-180
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Tidskriftsartikel (refereegranskat)abstract
- This article describes and analyses social structure, poverty, wealth, and economic inequality in Stockholm from 1650 to 1750. We begin by establishing the social structure, using census data and other sources. To study wealth and poverty, the main sources are a complete record of the wealth tax of 1715, comprising 17,782 taxpayers, and a total of 1,125 probate inventories sampled from the years 1650, 1700, and 1750. These provide detailed and sometimes surprising insights into the living standards of both the poor and the rich. Stockholm in this period was a starkly unequal city, with the top decile of wealth holders owning about 90 per cent of total wealth. We relate this inequality to mercantilist policies. The city was run as an oligarchy and the oligarchical political institutions engendered policies that were rigged for inequality. The case of Stockholm thus shows the need for the historical inequality literature to consider class and power relations to understand the determinants of inequality.
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- Bengtsson, Erik, et al.
(författare)
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The Wealth of the Richest : Inequality and the Nobility in Sweden, 1750–1900
- 2017
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Annan publikation (övrigt vetenskapligt/konstnärligt)abstract
- The role of the European nobility and their ability to retain their political and economic power are part of the debate on the modernization of the European economy. This paper contributes to the literature by exploring the wealth of the Swedish nobility as Sweden evolved from an agrarian to an industrial economy. We use a sample of 200+ probate inventories of nobles for each of the benchmark years 1750, 1800, 1850 and 1900. Medieval and early modern Sweden often has been described as not fully feudal. In line with this, and the (perceived) comparative strength of the peasantry, the nobility is assumed to have been comparatively unimportant and less economically dominant than elsewhere in Europe. We show that the nobility, less than 0.5 per cent of the population, was very dominant in 1750: the average noble was 60 times richer than the average person, and the nobles held 29 per cent of private wealth while 90 per cent of the nobles were richer than the average person. In 1900 the nobles’ advantage had decreased but the stratification within the nobility had increased dramatically. There was a group of super-rich nobles, often large land owners from the high nobility, who possessed the biggest fortunes in Sweden. But there was also a large minority who were not richer than the average Swede. The overall wealth advantage of the nobles, however, hints at that while not all nobles were economically upper class in 1900, most of the upper class were nobles.
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- Bengtsson, Erik, et al.
(författare)
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Wealth inequality in Sweden 1750–1900
- 2018
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Ingår i: Economic History Review. - : Wiley. - 1468-0289 .- 0013-0117. ; 71:3, s. 772-794
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Tidskriftsartikel (refereegranskat)abstract
- This article examines the evolution of wealth inequality in Sweden from 1750 to 1900, contributing both to the debate on early modern and modern inequality and to the general debate on the pattern of inequality during industrialization. The pre‐industrial period (1750–1850) is for the first time examined for Sweden at the national level. The study uses a random sample of probate inventories from urban and rural areas across the country, adjusted for age and social class. Estimates are provided for the years 1750, 1800, 1850, and 1900. The results show a gradual growth in inequality as early as the mid‐eighteenth century, with the sharpest rise in the late nineteenth century. Whereas the early growth in inequality was connected to changes in the countryside and in agriculture, the later growth was related to industrialization encompassing both compositional effects and strong wealth accumulation among the richest. The level of inequality in Sweden in 1750 was lower than for other western European countries, but by 1900 Sweden was just as unequal.
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- Bengtsson, Erik, et al.
(författare)
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Wealth inequality in Sweden, 1750–1900†
- 2018
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Ingår i: Economic history review. - 0013-0117. ; 71, s. 772-794
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Tidskriftsartikel (refereegranskat)abstract
- This article examines the evolution of wealth inequality in Sweden from 1750 to 1900, contributing both to the debate on early modern and modern inequality and to the general debate on the pattern of inequality during industrialization. The pre-industrial period (1750–1850) is for the first time examined for Sweden at the national level. The study uses a random sample of probate inventories from urban and rural areas across the country, adjusted for age and social class. Estimates are provided for the years 1750, 1800, 1850, and 1900. The results show a gradual growth in inequality as early as the mid-eighteenth century, with the sharpest rise in the late nineteenth century. Whereas the early growth in inequality was connected to changes in the countryside and in agriculture, the later growth was related to industrialization encompassing both compositional effects and strong wealth accumulation among the richest. The level of inequality in Sweden in 1750 was lower than for other western European countries, but by 1900 Sweden was just as unequal.
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