An Economics Classic and Plutology

Frank C. Genovese

American Journal of Economics and Sociology, 1984, vol. 43, issue 4, 455-468

Abstract: Abstract. Henry George's Progress and Poverty, published a century ago, laid the foundation for a theory that attracted a worldwide following. He emphasized that political economy investigates the way a community produces wealth and the proportions in which that wealth will be distributed between individuals. In our day that has been called ‘plutology’, a subdiscipline of political economy. Many of George's critics, then and now, act as apologists of the status quo, in society and in the academy. But the science's purview must be broader than plutology. Economics, to be relevant, must be useful in the solution of economic and social problems. In redirecting economists to their basic responsibility, George made a lasting contribution to economic science. He also was a perennial influence on economic scholar, even on some of his most antagonistic critics. But George is neglected because his doctrines were and are a threat to various establishments. However, by force of logic and through clarity of expression, he is a goad to the consciences of all folk of good will.

Date: 1984
References: Add references at CitEc
Citations:

Downloads: (external link)
https://doi.org/10.1111/j.1536-7150.1984.tb01874.x

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bla:ajecsc:v:43:y:1984:i:4:p:455-468

Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=0002-9246

Access Statistics for this article

American Journal of Economics and Sociology is currently edited by Laurence S. Moss

More articles in American Journal of Economics and Sociology from Wiley Blackwell
Bibliographic data for series maintained by Wiley Content Delivery ().