What is the best economics book and why is it pic related?
talk abotu synchronicity. (or maybe bader meinhof?) i was just reading this in the library yesterday. what's the critical concensus on georgism? seems like a nice philosophy for anyone who doesnt already own a land monopoly
>>9205160
This is a great point. I don't believe it's about whether you have it or not, since anyone with a lot of money can give it away, the message is one of social philosophy.
Honestly, without privatization of land, it seems like all increase in productive capacity goes to the laborers. Of course, economists like Ricardo, who fully believe the margin of cultivation to be something static and any increase in productive efficiency accruing to the capitalists who use them, would disagree with this notion.
But what is ultimately interesting is whether or not it is TRUE. Simply put, I would like to see some empirical evidence from both sides. I would like to air on the side of Geoism rather than Ricardianism, but it seems to me economists like Keynes side with Malthus, believe it or not.
Overall I think his social philosophy is profound. It's a game changer, this book, and turns the bilateral tug of war on its head. But it's something that Adam Smith complained about, so it must have been a problem for at least two and half centuries-- landlords accruing excess monetary output.
No, you know what, this has been going on for as long as private property and tribal warfare existed, the feudal barons used to hoard food as evidence of wealth. The message is timeless: a progressive mentality that even a wholesome God would want his civilization to have is this: de-privatize land.