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Progress and Poverty - An Inquiry into the Cause of Industrial Depressions and of Increase of Want with Increase of Wealth; The Remedy (Hardcover) (Hardcover)
Loot Price: R983
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Progress and Poverty - An Inquiry into the Cause of Industrial Depressions and of Increase of Want with Increase of Wealth; The Remedy (Hardcover) (Hardcover)
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In Progress and Poverty, economist Henry George scrutinizes the
connection between population growth and distribution of wealth in
the economy of the late nineteenth century. The initial portions of
the book are occupied with refuting the demographic theories of
Thomas Malthus, who asserted that the vast abundance of goods
generated by an economy's growth was spent on food. Consequently
the population rises, keeping living standards low, poverty
widespread, and starvation and disease common. Henry George had a
different attitude: that poverty could be solved and economic
progress preserved. To prove this, he draws upon decades of data
which show that the increase in land prices restrains the amount of
production on said land; business owners thus have less to pay
their workers, with the result being mass poverty especially within
cities.
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