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It's not lump of labor fallacy. Standards of living rose because the scarcity of labor rose relative to the scarcity of land. Peasants had to pay dearly to ar
by TheCoelacanth 5y ago
It's not lump of labor fallacy.
Standards of living rose because the scarcity of labor rose relative to the scarcity of land.
Peasants had to pay dearly to aristocrats for the ability to use land to farm on, often somewhere close to 100% of their surplus production. Number of peasants going down while the amount of arable land stayed the same led to peasants being able to drive a better bargain and keep more of their surplus.
- ethanbond 5y agoShocking that the only appearance of the word "land" in TFA is England. Which, of course, itself tells you about the primacy of land for all types of production.
- imtringued 5y agoIt's also strange that we don't recognize human reproduction as a factor of production. Even if the universe created the physical laws that allow us to exist, we are still reliant on a previous human to give birth to us.