Progress and Poverty. An Inquiry into the Cause of Increase of Want with Increase of Wealth: The Remedy

Цена 15.60 USD

EAN/UPC/ISBN Code 9781911405078

Автор

Страниц 356

Год выпуска 2016

Форма выпуска 152x220

Born in 1839, Henry George learned about poverty early in life, first as a boy-sailor and afterwards by working as a type-setter with a wife and children to support. A talented writer, he gradually rose to become managing editor of the San Francisco Times, and later set up his own crusading journal, the San Francisco Daily Evening Post, only to see his newspaper crushed by the combined power of the press and telegraphic monopolies. Undaunted, George set himself the task of explaining a universal economic conundrum - why does a country’s increasing prosperity always result in the most abject poverty for the lowest strata of society? Untrained in economics, he came to the subject with fresh eyes: “I had no theory to support, no conclusions to prove. Only, when I first realized the squalid misery of a great city, it appalled and tormented me, and would not let me rest, for thinking of what caused it and how it could be cured”.The result of this enquiry was published in 1879 as Progress and Poverty. It rejected many of the prevailing political­-economic theories, and claimed a natural alliance between worker and capitalist. Using clear, reasoned arguments Henry George was able to show that the real villain of the piece was the rentier, the landowner who (unlike labour or capital), contributed nothing to the production of wealth but who was able to take the lion’s share from increased rents as a city grew - because land became more valuable.This then, was the source of increasing ...