Of Aristocracy and Markets
My wife and I watched Emma together the other night. We have seen Pride and Prejudice several times already, but this was the first time she had seen this of Jane Austin 's classics. I then headed over to Librivox to download the audiobook (for free!). In one of the early chapters Emma and her "project" Harriet are discussing a farmer whom has shown interest in Harriet. Emma's disdain for this farmer's activity in the market - his seeking after profits- etc. is telling. As an aristocrat she sees all activity in the market as "dirty" and "low." Why this distaste for the market? Emma later acknowledges that the farmer may do well in the market, and even become wealthy, despite his illiteracy. So, it isn't the wealth. Rather, it is the source of that wealth. The aristocracy inherit their wealth. They have land. Who granted them these lands? The king. Hence, nobility enjoys the derrivatives of a government grant of monopoly on land....