David Sexton

Grand Old Snobbery of the Left

Titmuss Regained

By

Viking 281pp £13.99 order from our bookshop

Positional goods are goods in limited supply, goods to which access is determined not by wealth alone but by position.

If people want more washing machines and they have enough money, more washing machines can be made. But positional goods are the goods they’ve stopped making, such as time and space and Georgian houses.

Since money can’t create more of them, it doesn’t matter how much they cost, or that society as a whole should be rich or poor. All that matters is that a person should have better access to them than other people in that society.

Follow Literary Review on Twitter

  • Last Tweets

    • What a charming, candid blogpost from one of our dear contributing editors. ,
    • RT : The first guess from one of my 1st graders was “death” and such an awed, somber, reflective hush fell over the clas… ,
    • Merry Christmas from Literary Review! Hope your stockings were laden with books, and the tree bending under the weight of further books....,
    • Last minute Christmas gift required? We're offering discounts on all our subscriptions (20% no less!) with the cod… ,
    • In this issue's 'Silenced Voices', Lucy Popescu writes of Thailand's restrictive lese-majesty laws and their latest… ,
    • "Gunn was a disciple of the American formalist Yvor Winters, but Winters’s poetry could never give off such a scent… ,
    • Christmas gift hunting? Why not give the gift of being even better read? We're offering discounts on all our subscr… ,