Re:Why are we still working this hard?
by smallmancontrov on Wednesday November 11, 2026 @04:05PM
(#50458652)
On the Principles of Political Economy and Taxation by David Ricardo.
This book is most famous for being misquoted by nitwits trying to argue that globalization is always good for everyone, but if you had asked David Ricardo he would have said his most important result was that of Rent (later specified as differential rent or Ricardian rent), the idea that economic productivity tends to get squeezed onto land prices. A modern update would argue that this applies to assets more generally. Assets go up by squeezing productivity out of the main economy. Whether you think this is brilliant or terrible depends largely on whether you own lots of assets.
This book is most famous for being misquoted by nitwits trying to argue that globalization is always good for everyone, but if you had asked David Ricardo he would have said his most important result was that of Rent (later specified as differential rent or Ricardian rent), the idea that economic productivity tends to get squeezed onto land prices. A modern update would argue that this applies to assets more generally. Assets go up by squeezing productivity out of the main economy. Whether you think this is brilliant or terrible depends largely on whether you own lots of assets.