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Ebook610 pages21 hours
Progress and Poverty (Barnes & Noble Digital Library): An Inquiry Into the Cause of Industrial Depressions and of Increase in Want with Increase of Wealth
By Henry George
Rating: 4 out of 5 stars
4/5
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About this ebook
Henry George's 1879 treatise on the cyclical nature of modern industrialized economies, and possible remedies for the resulting imbalances and inequities, was immensely influential. It gave rise to the idea that the economic value of land would accrue equally to all, enticing landowners to use their land productively.
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Reviews for Progress and Poverty (Barnes & Noble Digital Library)
Rating: 4.0833332916666665 out of 5 stars
4/5
24 ratings3 reviews
- Rating: 3 out of 5 stars3/5Interesting ideas. Sometimes pompous-sounding exposition. Summary: Rent = income from the use of land; comes at the expense of wages but is not itself productive. Community concentration of labour makes rents increase, which reduces wages ultimately to rock-bottom slavery levels. Therefore tax rent to a large degree to give money back to the community; reduce all other taxes and watch productivity and wages soar, poverty and land speculation end, good government return, civilisation wax instead of wane. George's ideas have relevance today and have never been fully implemented. Income taxes are only a century old but we regard them as the bedrock of taxation. What if there were another way? Henry George believed that private monopoly ownership of land is an evil which causes poverty and inequality, and ultimately the downfall of civilisation.
- Rating: 5 out of 5 stars5/5Highly ambitious and inventive for its time and, perhaps, even for our time. Merits consideration by anyone who cares about income inequality and land monopoly. I don't quite buy that a land value tax will cure as many ills as George does, but there is no questioning the ethical foundation.
- Rating: 5 out of 5 stars5/5An incredibly well-written book. Although I disagree with the author's conclusions, and Marx himself found them laughable, Henry George is a fantastic writer and his arguments against Malthus are an important read.