Heterodox
The expression “Engels’ Pause” was coined by Robert C. Allen and refers to the period of real wage stagnation or low real wage growth in Britain in the early 19th century from about 1800 to 1840, even when real per capita GDP was rising in an historically unprecedented manner. You can see the “pause” in the graph of historical British real wages and per capita GDP per worker here.First, it is important to note that some economic historians have challenged the data on GDP and real wages in...
Read More »Engels’ Pause: A Cause of Marx and Engels’ Hasty and False Generalisations about Capitalism
