Why Everyone Should Read George's ‘Progress and Poverty’: On the Classic's Centenary, the Specialists Find This 19th Century Best Seller Still Very Timely

Frank C. Genovese

American Journal of Economics and Sociology, 1984, vol. 43, issue 1, 115-121

Abstract: Abstract. When one urges that everyone read a classic, Progress and Poverty, now on the centenary of its publication, it is not only because in a democracy the voting citizen decides basic questions of economic policy, but because it appeals to the moral sense of economics students as well as other social scientists. Is it not important that legislation affecting living standards and culture be just, as well as scientifically sound? And that economists, along with other social scientists, master communication technique as Henry George did, so that they can share the fruits of their investigations? Part of the ability to get something done about what is perceived as a problem must rest on the ability to communicate, As Joseph Schumpeter showed, George's proposal that the economic rent of land be collected in lieu of taxes that burden labor and capital was economically sound and his criticism of a tax system that penalizes industry and thrift and rewards speculation is now “obvious wisdom,”

Date: 1984
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