3min chapter

From the New World cover image

Noah Smith: We Can Build Again

From the New World

CHAPTER

The Importance of Ricardian Efficiency in the Industrial Revolution

I do believe in a kind of Ricardian efficiency where people will find some kind of comparative advantage and they'll find something to do. But I think, yeah, I do think at this point we can be more optimistic. We have seen a massive expansion in the role of the state, both in providing public goods and in redistributing things like that. So it's very important to have honestly like your column out there for libertarians who kind of read your blog as well. Right.

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