AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
5min chapter
Lars Doucet - Progress, Poverty, Georgism, & Why Rent is Too Damn High
Dwarkesh Podcast
Ricardo's Law of Rent
There's only so much land in Manhattan, why aren't they competing against themselves or each other? Ricardo's law of rent says that the value of the amenities and the productivity of an area, as it goes up, that gets soaked into the land prices. When you are paying to live in an urban area or even a suburban area like here in Austin, what you're actually paying for is the right to have proximity to realize the productive capacity of that location. As more land gets bought and subject to private ownership in an area, land owners over time get to increase the rent,. not to a maximum level, there are limits to it. But the basic example is that when the entire continent
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode