Henry George Progress And Poverty Pdf
Progress and Poverty: An Inquiry into the Cause of Industrial Depressions and of Increase of Want with Increase of Wealth: The Remedy is an 1879 book by social theorist and economist Henry George. It is a treatise on the questions of why poverty accompanies economic and technological progress and why economies exhibit a tendency toward cyclical boom and bust. George uses history and deductive logic to argue for a radical solution focusing on the capture of economic rent from natural resource and land titles.
Henry George Progress And Poverty Summary
Progress and Poverty seek to explain why poverty exists notwithstanding widespread advances in technology and even where there is a concentration of great wealth such as in cities. George saw how technological and social advances (including education and public services) increased the value of land (natural resources, urban locations, etc.) and, thus, the amount of wealth that can be demanded by the owners of land from those who need the use of land. In other words: the better the public services, the higher the rent is (as more people value that land). The tendency of speculators to increase the price of land faster than wealth can be produced to pay has the result of lowering the amount of wealth left over for labor to claim in wages, and finally leads to the collapse of enterprises at the margin, with a ripple effect that becomes a serious business depression entailing widespread unemployment, foreclosures, etc.
Details Henry George Progress And Poverty Pdf Book
Name Of the Novel: Henry George Progress And Poverty
Author: Henry George
Country: United States
Subjects: Capitalism, socialism, Georgism, tax policy, land, economic rent
Publication date: 1879
Media type: Print (Hardback)
Book Type: Pdf / ePub
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