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George, Henry - Progress and Poverty (condensed 1979)

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George, Henry - Progress and Poverty (condensed)

Centenary Edition of a Great Classic

London, The Hogarth Press, 1979, printed for The Henry George Foundation of Great Britain

Paperback
3.9 x 7.2 (12,5 x 18,5 cm.)
238 Pages

VERY GOOD

Henry George was more fortunate than many authors of classics. His Progress and Poverty won understanding, appreciation and recognition from the start. The book presented a theory of the business cycle based on monopoly of which theorists must take account. It also represented the peak of the development of the classical school. George shared with the school's great figures, particularly Adam Smith and David Ricardo, a Utopian vision of a free economy. But George went beyond them in envisioning a free society in a new moral order; he was one of the great libertarian philosophers. Moreover, as Teilhac has shown, he projected into economics a social rationalism that opened the way for a reborn political economy based on scientific method. Though his is one of the enduring creations of the human mind which spur the species on to greater cultural achievements, it is, first and foremost, an economic classic. Insofar as George pointed to monopoly and privilege as socially disastrous institutions, his teaching has been adopted by economists everywhere. His doctrine that all men share a common right to the earth now rules space exploitationthat is, the universeand the deep oceans and it is winning grudging recognition in the one-fourth of the earth humanity inhabits.

Henry George (September 2, 1839 - October 29, 1897) was an American political economist, journalist, and philosopher. George is famous for popularizing the idea that land/resource rents be captured for public use or shared, in lieu of harmful taxes on labor and productive investment. The philosophy and reform movement were known in George's time as 'Single-Tax'. His immensely popular writing is credited with sparking several reform movements of the Progressive Era and ultimately inspiring the broad economic philosophy that is today often referred to as Georgism, the main tenet of which is that people legitimately own value they fairly create, but that natural resources and common opportunities, most importantly the value of land or location, are rightfully owned in common by individuals in a community, rather than titleholders. His most famous work, Progress and Poverty (1879), sold millions of copies worldwide, probably more than any other American book before that time. The treatise investigates the paradox of increasing inequality and poverty amid economic and technological progress, the cyclic nature of industrialized economies, and the use of extensive land value tax as a remedy for these and other social problems.

Book belonged originally to the Grondvest Foundation Arnhem . Please google.

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