Progress and Poverty
To those who, seeing the vice and misery that spring from the unequal distribution of wealth and privilege, feel the possibility of a higher social state, and would strive for its attainment.-Henry George, Progress and PovertyWhy do we have ups and downs in the national economy? Why does poverty continue to exist while a minute number of Americans enjoy a staggering increase in their personal wealth year after year? What went wrong in a country that professes to be dedicated to the proposition that we are all created equal?As timely now as it was when it was written in 1871, Progress and Poverty is an honest and fascinating look at the financial order and the increasingly distorted distribution of income and wealth of life in America. George lays out simply and elegantly what the underlying problem is and how we might solve it.AUTHOR BIO: HENRY GEORGE (1839-1897) was a noted American economist and founder of the single-tax movement. He first outlined the doctrine in the pamphlet Our Land and Land Policy in 1871 and later wrote the more elaborate treatise Progress and Poverty (1879), which sold millions of copies all over the world.
What people are saying - Write a review
We haven't found any reviews in the usual places.
Other editions - View all
Adam Smith agricultural amount arise become cause chattel slavery civilisation common condition demand distribution of wealth doctrine drawn from capital duction effect employer England equal everywhere evident exchange exertion existence fact factors of production fixed force give greater Herbert Spencer human idea improvement increase of population India individual industry invention John Stuart Mill justice labour and capital land values landowners latifundia law of rent law of wages live machinery Malthus Malthusian theory margin of cultivation material progress ment merely monopoly natural necessary organisation owner ownership paid petrifaction plane poverty present principle private property produce of labour production of wealth productive power profits property in land proportion race recognised reduce result secure slavery social society soil subsistence taxation taxes tendency tends things tion truth value of land wages and interest yield
Page 12 - So long as all the increased wealth which modern progress brings goes but to build up great fortunes, to increase luxury and make sharper the contrast between the House of Have and the House of Want, progress is not real and cannot be permanent.
Page 11 - And, unpleasant as it may be to admit it, it is at last becoming evident that the enormous increase in productive power which has marked the present century and is still going on with accelerating ratio, has no tendency to extirpate poverty or to lighten the burdens of those compelled to toil.