Engel curve

Ernst Engel and Engel’s Law of Microeconomics

Ernst Engel and Engel’s Law of Microeconomics

On March 26, 1821, German statistician Ernst Engel was born. Engel was head of the Prussian Statistical Bureau (1860-82) and is best known for the “Engel curve,” or Engel‘s law, which states that the proportion of expenditure on food will fall as income rises, i.e. food is a necessary good. He who attempts to draw any conclusion whatever as to the nation’s wealth or poverty from the mere fact of a favorable…
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