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- Bengtsson, Erik, et al.
(author)
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Aristocratic Wealth and Inequality in a Changing Society: Sweden, 1750–1900
- 2019
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In: Scandinavian Journal of History. - : Informa UK Limited. - 1502-7716 .- 0346-8755. ; 44:1, s. 27-52
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Journal article (peer-reviewed)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.
(author)
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Mercantilist Inequality : Wealth and Poverty in Stockholm 1650-1750
- 2019
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Other publication (other academic/artistic)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.
(author)
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Peasant Aristocrats? Wealth and Social Status of Swedish Farmer Parliamentarians 1769–1895
- 2018
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Other publication (other academic/artistic)abstract
- Sweden was unique in early modern Europe, in that its parliament included a peasant farmer estate. It is commonplace in Swedish and international research to consider the peasant farmer politicians as the guarantee of a liberal and egalitarian path of development. On the other hand, in the Swedish-language political history literature, the peasant politicians are often seen as rather narrow-minded, their common political program limited to the issue of keeping (their own) taxes as low as possible, and opposed to any expansion of social policy and citizenship rights. To address the role of peasant farmer politicians, this paper presents a novel dataset of the social and economic status of the peasant MPs, with benchmarks for the 1769, 1809, 1840, 1865 and 1895 parliaments. We show that the politicians were three to four times wealthier than their voters, and in the 1895 parliament even 7.8 times wealthier. They were more likely to take bourgeois surnames and their children were likely to make a transition away from the peasant class and into the middle class. The exclusiveness of the peasant politicians, which increased over the nineteenth century, has implications for their policies, and helps explain the increasing conservatism and right-ward drift of Swedish farmer politics over the century.
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- Bengtsson, Erik, et al.
(author)
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The Wealth of the Richest : Inequality and the Nobility in Sweden, 1750–1900
- 2017
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Other publication (other academic/artistic)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, 1984, et al.
(author)
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Unequal poverty and equal industrialisation: Finnish wealth, 1750-1900
- 2019
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In: Scandinavian Economic History Review. - : Informa UK Limited. - 0358-5522 .- 1750-2837. ; 67:3, s. 229-248
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Journal article (peer-reviewed)abstract
- We present the first comprehensive, long-run estimates of Finnish wealth and its distribution from 1750 to 1900. Using wealth data from 17,279 probate inventories, we show that Finland was very unequal between 1750 and 1850; the top decile owned about 90% of total wealth. This means that Finland was more unequal than the much wealthier economies Britain, France and the US, which goes against the common assumption of richer economies being more unequal. Moreover, when industrialisation took off in Finland, inequality started a downward trajectory. High inequality 1750-1850 was bottom-driven, by a large share of the population owning nothing or close to nothing of value, while economic development after 1850 was pro-equal since the ownership of forests, since long in the hands of the peasantry, became more valuable with the development of forest-based industries. Our findings thus contradict commonplace assumptions that economic growth and industrialisation are associated with more inequality, as well as recent arguments that very few factors beyond catastrophes can decrease inequality. We instead argue for a more inductive and open approach to the determinants of long-run inequality.
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| 8. |
- Bengtsson, Erik, et al.
(author)
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Wealth inequality in Sweden 1750–1900
- 2018
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In: Economic History Review. - : Wiley. - 1468-0289 .- 0013-0117. ; 71:3, s. 772-794
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Journal article (peer-reviewed)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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- Bergenfeldt, Fredrik, et al.
(author)
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Wagons at Work: A Transport Revolution from Below – the Case of Sweden, 1750-1850
- 2013
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In: Agricultural History Review. - 0002-1490. ; 61:1, s. 63-82
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Journal article (peer-reviewed)abstract
- The introduction of turnpike trusts has been considered to be an integral part of the rapid decline in transport costs in England. Institutional change in the transport system or the lack thereof has been used to explain if and when a transport revolution occurred in different localities. However, improved roads are just one component of declining inland transport costs. In this paper, we specifically analyse how the transport means on roads (i.e., animal carts and wagons) developed in the absence of major institutional changes to the road system. We use Scania, a province located in southernmost Sweden, during the period 1750–1850 as a case study of the development of transport means during the transformation from a rural economy to an emerging industrial one. Our main finding is the independent role of individuals in lowering their own transport costs, as demonstrated by the notably large increase in the value of wagons relative to other commodities and by the increasing share of wagons equipped with iron wheels instead of wooden wheels and with iron axles instead of wooden axles. This finding indicates that it was possible to lower transport costs in preindustrial Europe without an institutional change of the road system.
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