Progress and Poverty by Henry George (most important books of all time txt) ๐
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Progress and Poverty, first published in 1879, was American political economist Henry Georgeโs most popular book. It explores why the economy of the mid-to-late 1800s had seen a simultaneous economic growth and growth in poverty. The bookโs appeal was in its balance of moral and economic arguments, challenging the popular notion that the poor, through uncontrolled population growth, were responsible for their own woes. Inspired by his years living in San Francisco and his own experience with privation, George argues instead that poverty had grown due to the increasing speculation and monopolization of land, as landowners had captured the increases in growth, investment, and productivity through the rising cost of rent.
To solve this, George proposes the complete taxation of the unimproved value of land, thus returning the value of land, created through location, to the community. This solution would incentivize individuals to use the land they own productively and remove the tendency to speculate upon landโs increasing value. Georgeโs argument was profoundly liberal, as individuals retain the right to own land and enjoy the profits generated from production upon it.
Progress and Poverty was hugely popular in the 1890s, being outsold only by the Bible. It inspired the Single Tax Movement, and influenced a wide range of intellectuals and policymakers in the early 1900s including Leo Tolstoy, Albert Einstein, and Winston Churchill.
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- Author: Henry George
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By Henry George.
Table of Contents Titlepage Epigraph Imprint Dedication Epigraph Preface to the Fourth Edition Progress and Poverty Introductory Epigraph The Problem Book I: Wages and Capital Epigraph I: The Current Doctrine of WagesโIts Insufficiency II: The Meaning of the Terms III: Wages Not Drawn from Capital, but Produced by the Labor IV: The Maintenance of Laborers Not Drawn from Capital V: The Real Functions of Capital Book II: Population and Subsistence Epigraph I: The Malthusian Theory, Its Genesis and Support II: Inferences from Facts III: Inferences from Analogy IV: Disproof of the Malthusian Theory Book III: The Laws of Distribution Epigraph I: The Inquiry Narrowed to the Laws of DistributionโThe Necessary Relation of These Laws II: Rent and the Law of Rent III: Of Interest and the Cause of Interest IV: Of Spurious Capital and of Profits Often Mistaken for Interest V: The Law of Interest VI: Wages and the Law of Wages VII: The Correlation and Coordination of These Laws VIII: The Statics of the Problem Thus Explained Book IV: Effect of Material Progress Upon the Distribution of Wealth Epigraph I: The Dynamics of the Problem Yet to Seek II: The Effect of Increase of Population Upon the Distribution of Wealth III: The Effect of Improvements in the Arts Upon the Distribution of Wealth IV: Effect of the Expectation Raised by Material Progress Book V: The Problem Solved Epigraph I: The Primary Cause of Recurring Paroxysms of Industrial Depression II: The Persistence of Poverty Amid Advancing Wealth Book VI: The Remedy Epigraph I: Insufficiency of Remedies Currently Advocated I: From Greater Economy in Government II: From the Diffusion of Education and Improved Habits of Industry and Thrift III: From Combinations of Workmen IV: From Cooperation V: From Governmental Direction and Interference VI: From a More General Distribution of Land II: The True Remedy Book VII: Justice of the Remedy Epigraph I: The Injustice of Private Property in Land II: The Enslavement of Laborers the Ultimate Result of Private Property in Land III: Claim of Land Owners to Compensation IV: Private Property in Land Historically Considered V: Of Property in Land in the United States Book VIII: Application of the Remedy Epigraph I: Private Property in Land Inconsistent with the Best Use of Land II: How Equal Rights to the Land May Be Asserted and Secured III: The Proposition Tried by the Canons of Taxation I: The Effect of Taxes Upon Production II: As to Ease and Cheapness of Collection III: As to Certainty IV: As to Equality IV: Endorsements and Objections Book IX: Effects of the Remedy Epigraph I: Of the Effect Upon the Production of Wealth II: Of the Effect Upon Distribution and Thence Upon Production III: Of the Effect Upon Individuals and Classes IV: Of the Changes That Would Be Wrought in Social Organization and Social Life Book X: The Law of Human Progress Epigraph I: The Current Theory of Human ProgressโIts Insufficiency II: Differences in CivilizationโTo What Due III: The Law of Human Progress IV: How Modern Civilization May Decline V: The Central Truth Conclusion Epigraph The Problem of Individual Life Endnotes Colophon UncopyrightMake for thyself a definition or description of the thing which is presented to thee, so as to see distinctly what kind of a thing it is, in its substance, in its nudity, in its complete entirety, and tell thyself its proper name, and the names of the things of which it has been compounded, and into which it will be resolved. For nothing is so productive of elevation of mind as to be able to examine methodically and truly every object which is presented to thee in life, and always to look at things so as to see at the same time what kind of universe this is, and what kind of use everything performs in it, and what value everything has with reference to the whole, and what with reference to man, who is a citizen of the highest city, of which all other cities are like families; what each thing is, and of what it is composed, and how long it is the nature of this thing to endure.
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To those who,
seeing the vice and misery that spring from
the unequal distribution
of wealth and privilege,
feel the possibility of a higher social state
and would strive for its attainment.
San Francisco, March, 1879.
There must be refuge! Men
Perished in winter winds till one smote fire
From flint stones coldly hiding what they held,
The red spark treasured from the kindling sun;
They gorged on flesh like wolves, till one sowed corn,
Which grew a weed,
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