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baby boom banks Black Death British industry budget capital catasto change and fiscal Ciompi cloth consumption Corn Laws corporate Cosimo's costs created deficit dowry fund economic growth economists effect Engel's Law entrepreneurs example factories fifth element financial markets firms fiscal balance fiscal crisis fiscal imbalance flat tax Florence's Florentine economy florin foreign growing guilds important income tax increase Industrial Revolution innovations institutions interest investment labor living standards Medici Medici bank ment Monte Commune Monte shares Napoleonic Wars national debt nomic outlays pattern percent perhaps period political population postwar private sector problem production profits programs public debt Renaissance Florence rigid rise role saddle point shift social insurance social security structural change tax burden tax expenditures tax rates tax reform tax revenues tax system tion trade trend U.S. economy United Victorian Britain wealth wool workers world economy
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