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 V
of this series presents the unabridged and posthumously published
text of The Science Political Economy (1898). George's original
text is comprehensively supplemented by annotations which explain
his many references to other political economists and writers both
well known and obscure. A new index augments accessibility to the
text, the critical annotations, and their key terms. The
introductory essay by Professor Francis K. Peddle, "Political
Economy and the Satisfactions of Wealth," provides the historical,
economic, and primarily philosophical context for George's debates
with the prominent political economists and thinkers of his time.
Henry George, in history books and documentaries, is generally
portrayed as a prominent reformer in the Gilded Age, one who
ushered in with others the social and economic advances of the
Progressive Era in the period from the 1890s to the 1920s. The
Science of Political Economy reveals George to be one of the most
original and systematic architects of political economy, and its
developing self-image as a science, in the nineteenth century,
along with David Ricardo, John Stuart Mill, and Alfred Marshall.
Henry George wrote The Science of Political Economy in order to
correct the many confusions and myths about the nature and
definition of wealth, value, and money, as well as the essential
assumptions behind efficient production and the moral basis of the
distribution of wealth. He defined political economy as the science
that treats of the nature of wealth, and of the laws of production
and distribution. It is not, for him, a science of human psychology
or the twists and turns of political life. George's constructive
critiques of previous political economists led to fresh insights
about the meaning and the limitations of political economy, about
the intriguing relation between wealth and value, and about how the
proper distribution of wealth in society ought to be understood as
a function of the cooperative character of civilization. Volume V
of The Annotated Works of Henry George presents the culmination of
his life's work and thought.
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