You said: “This is what I expected. You do not understand the difference between “income” and “wealth”. Income comes from a flow. Wealth is a stock which has accumulated over time. TOTALLY different ideas. Your calculation gives per capita WEALTH not per capita income.”
Actually it is per capita income.
And not my calculation.
Again from William Parker's book, Fogel and Engerman, and the University of Virginia, here is the data.......
The per capita income of free populations in 1860 as compiled by the United States Census was the following:
........................South..............North
...........................$150................$142
Make up your mind. YOU claimed the number was “wealth” when I pointed out that there were no income statistics in the 1860 census but then you claimed these were imputed numbers based on wealth.
Since there was no general understanding of the term “income” in 1860 I suspect that your earlier explanation is correct.
If not and the estimates are not derived from “wealth” what are they derived from?
Per Capita “income” 1860 as estimated somehow for the TOTAL Population:
North $128
South $103
In case you want to look at the relevant numbers.