14-06-2026, 10:56 AM
(This post was last modified: 14-06-2026, 11:07 AM by Pierre Dumont Himself.)
It must be mentioned that real wages in pre-modern Italy peaked in the first half of the 15th century. This means the share of the ppopulation that could have "afforded" to create the VM was likely higher than at any other point in time prior to the 19th century. Possibly the absolute number as well, given the evolution of GDP per capita.
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