RECOMMENDED BOOK
Progress and Poverty
RECOMMENDED
by Henry George
This classic work is an enquiry into the cause of industrial depressions and the persistence of poverty amid advancing wealth. Published in 1879, it was admired and advocated by great minds such as Albert Einstein, Winston Churchill, Leo Tolstoy and Sun Yat-sen in China. Henry George lived through a period of American history which witnessed the closing of the frontier, and he noticed the dramatic deterioration in the condition of labour once that happened.
Categories: Economics, Further ReadingWhile land was freely available wages were high, once it was enclosed wages fell. Adam Smith appears not to have appreciated the full consequences of this, but he was writing before their full horror became evident in the form of landless peasants crowding into city slums, seeking work in “satanic mills” at minimum wages. Henry George, observing similar events in America (he was a journalist), saw the connection between land enclosure and poverty and unemployment. He also realized that the harmful effects could be rectified, without confiscating the land, through a change in the tax system and allowing market forces to work. This classic offers an alternative ethical and practical guide at a time when the collapse of the Marxist/Socialist experiment and the deep recession in the West leave many seeking fresh inspiration. The important social issues raised in this great classic of economic literature remain unresolved to this day – indeed the gulf between rich and poor continues to widen. The non-violent solution proposed has been all but forgotten, although it had widespread support around the world
- All Books by Section
- Book Reports from Our Contributors (42)
- Books Referenced in Human Journey Sections:
- Journey of the Human Mind (7)
- Discovering Our Distant Ancestors»
- The Evolution of Language (18)
- LES IDÉES QUI ONT FAÇONNÉ LE MONDE D’AUJOURD’HUI»
- Paleolithic Beginnings (29)
- Connecting with the Gods (5)
- Axial Age Thought (15)
- Origins of Christianity (35)
- Origins of Islam (19)
- The Journey of Classical Greek Knowledge to the Western World (12)
- Stories and Storytelling (4)
- Tools and the Development of Contemporary Society»
- A Sustainable Planet (25)
- The Changing World Economy»
- Health and Education in the Modern World»
- Our Mind in the Modern World (24)