Refer to an earlier post for background.

Baseline + skilled services

In this scenario it is assumed that (a) people desire various services and products in addition to requiring food (e.g., tailored clothing, home construction and maintenance, professional entertainment), and (b) some of those services and products can be provided only by a gifted few, so that a competition between the landowners for the skills of those few drives the price being paid for their work beyond subsistence level.

Read the rest of this entry »

Advertisements