The more things change, the more they stay the same!
Evidently, that old saying is born out in a recent study by two Italian economists, Guglielmo Barone and Sauro Mocetti. Exploiting a unique data set – digitized taxpayers data from 1427 – and comparing it to recent taxpayer information, they came to the conclusion that the “the richest families in Florence 600 years ago remain the same now.” What makes this all the more remarkable is that this family wealth endured “through various sieges of Florence, Napoleon’s campaign in Italy, Benito Mussolini’s dictatorship, and two world wars.”
Tom Gilson. Test Bio