Hacker News new | ask | show | jobs
by davnicwil 2514 days ago
Yeah it's extremely interesting to think about - it's all a system and when you think you could just spend more money on whatever was available (building a bigger house, horses, arts, hiring staff) you also have to consider that there would have been much tighter upper limits on all of these. The labour market was extremely illiquid, and smaller, and economies of trade and skills were much more localised than today.

Doubtless you could simply waste your money pretty much without limits (pay more unqualified people to do a bad job at building your house, for example) but it would have been much more limited in terms of how you could usefully deploy your wealth, just because there was much less of everything available.

1 comments

Isn't a major topic in bride and prejudice how illiquid the property market is?

Mr. Darcy has money, but no one will sell him the land. Flip side the selling of land and thus lose of rent was seen as an act of desperation.

Might have your characters mixed up? Darcy has plenty of land, Bingly wants something fitting his standing as a man of means. However, many rich/aristocratic families were prevented from selling their real estate interests, and could only access the derived profits. This naturally reduced the availability of land.