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The Annotated Works of Henry George - Progress and Poverty (Hardcover)
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The Annotated Works of Henry George - Progress and Poverty (Hardcover)
Series: The Annotated Works of Henry George
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Henry George (1839-1897) rose to fame as a social reformer and
economist amid the industrial and intellectual turbulence of the
late nineteenth century. His best-selling Progress and Poverty
(1879) captures the ravages of privileged monopolies and the woes
of industrialization in a language of eloquent indignation. His
reform agenda resonates as powerfully today as it did in the Gilded
Age, and his impassioned prose and compelling thought inspired such
diverse figures as Leo Tolstoy, John Dewey, Sun Yat-Sen, Winston
Churchill, and Albert Einstein. This six-volume edition of The
Annotated Works of Henry George assembles all his major works for
the first time with new introductions, critical annotations,
extensive bibliographical material, and comprehensive indexing to
provide a wealth of resources for scholars and reformers. Volume II
of this series presents the unabridged text of Progress and
Poverty, arguably the most influential work of Henry George. The
original text is supplemented by notes which explain the changes
George made during his lifetime and the many references he made to
history, literature, economics, and public policy. A new index
augments accessibility to the text and key terms. The introductory
essay, "The Rhetoric and the Remedy," by series co-editor William
S. Peirce, provides an overview of the historical context for
George's philosophy of economics and summarizes the argument of
Progress and Poverty within the framework of the economic theories
of his day. It then looks at some of the early reactions by leading
economists and opinion makers to George's fervent and eloquent call
for economic justice. Henry George wrote Progress and Poverty in
order to identify and resolve the great paradox of modern
industrial life. How was it possible for abject poverty, financial
instability, and extreme economic inequality to co-exist with
rising productivity and technological progress? He analyzed and
rejected the widely held beliefs that poverty inevitably followed
from the laws of economics or from a Darwinian struggle for
survival of the fittest. George concluded that at the heart of this
dilemma was how society treated natural resources, especially urban
land. He did not succumb to the panacea of arbitrarily confiscating
property or taking from the rich to give to the poor. George argued
that taxes on productive labor and capital should be drastically
reduced. His "sovereign remedy" declared that public goods could be
adequately funded from the returns to land and other natural
resources. The activities of society as a whole give land its
value. It is therefore both equitable and efficient for the
community to tax or recapture land values to support the activities
of government.
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