The Law of the Margin: Why Immigration is Not the Problem 🌍 Introduction Let us start out describing the fundamental structure of every economy. And then move onto why open borders policy is not a migration problem, but one of taxation. And then finally look at what will happen if we do nothing and a remedy if we decide on change. The current debates surrounding borders, public infrastructure, and economic migration often evoke a great deal of public friction. To move past this anger, it is essential to dig deep into the underlying economic mechanics that govern society. The baseline of human geography rests upon one of the most foundational concepts in economics, famously formalised by David Ricardo as the Ricardian Theory of Rent . It ties together marginal price, marginal cost, and marginal productivity. In simple terms, the rental value of land at the margin is exactly zero. 🌾 1. What is "Land at the Margin"? In economics, the "margin" represents the boundary ...
North Stoke Life
Sightings from a hamlet in Oxfordshire, England. Everything here is an experiment in the movement of thought and observing that happening.