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Henry George
Henry George (September 2, 1839 – October 29, 1897) was an American political economist and journalist. His writing was immensely popular in 19th-century America and sparked several reform movements of the Progressive Era. He inspired the economic philosophy known as Georgism, the belief that people should own the value they produce themselves, but that the economic value of land (including natural resources) should belong equally to all members of society. George famously argued that a single tax on land values would create a more productive and just society. His most famous work, ''Progress and Poverty'' (1879), sold millions of copies worldwide. The treatise investigates the paradox of increasing inequality and poverty amid economic and technological progress, the business cycle with its cyclic nature of industrialized economies, and the use of rent capture such as land value tax and other anti-monopoly reforms as a remedy for these and other social problems. Other works by ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Progress And Poverty
''Progress and Poverty: An Inquiry into the Cause of Industrial Depressions and of Increase of Want with Increase of Wealth: The Remedy'' is an 1879 book by social theorist and economist Henry George. It is a treatise on the questions of why poverty accompanies economic and technological progress and why economies exhibit a tendency toward Business cycle, cyclical boom and bust. George uses history and deductive logic to argue for a radical solution focusing on the capture of economic rent from natural resource and land titles. ''Progress and Poverty'', George's first book, sold several million copies, becoming one of the highest selling books of the late 1800s. It helped spark the Progressive Era and a worldwide social reform movement around an ideology now known as 'Georgism'. Jacob Riis, for example, explicitly marks the beginning of the Progressive Era awakening as 1879 because of the date of this publication. The Princeton historian Eric F. Goldman wrote this about the influen ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Georgism
Georgism, also called in modern times Geoism, and known historically as the single tax movement, is an economic ideology holding that, although people should own the value they produce themselves, the economic rent derived from land—including from all natural resources, the commons, and urban locations—should belong equally to all members of society. Developed from the writings of American economist and social reformer Henry George, the Georgist paradigm seeks solutions to social and ecological problems, based on principles of land rights and public finance which attempt to integrate economic efficiency with social justice. Georgism is concerned with the distribution of economic rent caused by land ownership, natural monopolies, pollution rights, and control of the commons, including title of ownership for natural resources and other contrived privileges (e.g. intellectual property). Any natural resource which is inherently limited in supply can generate economic rent, but ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Philadelphia
Philadelphia, often called Philly, is the largest city in the Commonwealth of Pennsylvania, the sixth-largest city in the U.S., the second-largest city in both the Northeast megalopolis and Mid-Atlantic regions after New York City. Since 1854, the city has been coextensive with Philadelphia County, the most populous county in Pennsylvania and the urban core of the Delaware Valley, the nation's seventh-largest and one of world's largest metropolitan regions, with 6.245 million residents . The city's population at the 2020 census was 1,603,797, and over 56 million people live within of Philadelphia. Philadelphia was founded in 1682 by William Penn, an English Quaker. The city served as capital of the Pennsylvania Colony during the British colonial era and went on to play a historic and vital role as the central meeting place for the nation's founding fathers whose plans and actions in Philadelphia ultimately inspired the American Revolution and the nation's inde ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Value Capture
Value capture is a type of public financing that recovers some or all of the value that public infrastructure generates for private landowners. In many countries, the public sector is responsible for the infrastructure required to support urban development. This infrastructure may include road infrastructure, parks, social, health and educational facilities, social housing, climate adaptation and mitigation tools, and more. Such infrastructure typically requires great financial investment and maintenance, and often the financing of such projects leans heavily on the government bodies themselves. Public entities, tasked with creating and maintaining this infrastructure, are constantly in search of mechanisms which can allow for fiscal support of these investments. One such mechanism of financing is Value Capture. Value capture schemes secure and recover a portion of the benefits delivered by public investments, in order to offset the costs of the investment itself. Value Capture stra ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Peter Barnes (entrepreneur)
Peter Barnes (born April 16, 1940 in New York City) is an American entrepreneur, environmentalist, and journalist. Early life and education Barnes grew up in New York City. He earned a B.A. in history from Harvard University and an M.A. in government from Georgetown. Career Journalist Barnes began his career in journalism working as a reporter for ''The Lowell Sun'' in Lowell, Massachusetts. He later became a Washington, D.C. correspondent for'' Newsweek'' and was subsequently employed as a west coast correspondent for ''The New Republic''."Contributor:Peter Barnes" The Encyclopedia of the Earth. Entrepreneur In 1976, Barnes co-founded a worker-owned company in ...[...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Grant Allen
Charles Grant Blairfindie Allen (February 24, 1848 – October 25, 1899) was a Canadian science writer and novelist, educated in England. He was a public promoter of evolution in the second half of the nineteenth century. Biography Early life and education Allen was born on Wolfe Island near Kingston, Canada West (known as Ontario after Confederation), the second son of Catharine Ann Grant and the Rev. Joseph Antisell Allen, a Protestant minister from Dublin, Ireland. His mother was a daughter of the fifth Baron de Longueuil. Allen was educated at home until, at age 13, he and his parents moved to the United States, then to France, and finally to the United Kingdom. He was educated at King Edward's School in Birmingham and at Merton College in Oxford, both in the United Kingdom. After graduation, Allen studied in France, taught at Brighton College in 1870–71, and in his mid-twenties became a professor at Queen's College, a black college in Jamaica. Despite being the son o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Adam Smith
Adam Smith (baptized 1723 – 17 July 1790) was a Scottish economist and philosopher who was a pioneer in the thinking of political economy and key figure during the Scottish Enlightenment. Seen by some as "The Father of Economics"——— or "The Father of Capitalism",———— he wrote two classic works, ''The Theory of Moral Sentiments'' (1759) and ''The Wealth of Nations, An Inquiry into the Nature and Causes of the Wealth of Nations'' (1776). The latter, often abbreviated as ''The Wealth of Nations'', is considered his ''magnum opus'' and the first modern work that treats economics as a comprehensive system and as an academic discipline. Smith refuses to explain the distribution of wealth and power in terms of God's will, God’s will and instead appeals to natural, political, social, economic and technological factors and the interactions between them. Among other economic theories, the work introduced Smith's idea of absolute advantage. Smith studied social philos ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
D Ricardo
David Ricardo (18 April 1772 – 11 September 1823) was a British political economist. He was one of the most influential of the classical economists along with Thomas Malthus, Adam Smith and James Mill. Ricardo was also a politician, and a member of the Parliament of Great Britain and Ireland. Personal life Born in London, England, Ricardo was the third surviving of the 17 children of successful stockbroker Abraham Israel Ricardo (1733?–1812) and Abigail (1753-1801), daughter of Abraham Delvalle (also "del Valle"), of a respectable Sephardic Jewish family that had been settled in England for three generations as "small but prosperous" tobacco and snuff merchants, and had obtained British citizenship. Abigail's sister, Rebecca, was wife of the engraver Wilson Lowry, and mother of the engraver Joseph Wilson Lowry and the geologist, mineralogist, and author Delvalle Lowry. The Ricardo family were Sephardic Jews of Portuguese origin who had recently relocated from the Du ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
T Paine
Thomas Paine (born Thomas Pain; – In the contemporary record as noted by Conway, Paine's birth date is given as January 29, 1736–37. Common practice was to use a dash or a slash to separate the old-style year from the new-style year. In the old calendar, the new year began on March 25, not January 1. Paine's birth date, therefore, would have been before New Year, 1737. In the new style, his birth date advances by eleven days and his year increases by one to February 9, 1737. The O.S. link gives more detail if needed. – June 8, 1809) was an English-born American political activist, philosopher, political theorist, and revolutionary. He authored ''Common Sense'' (1776) and ''The American Crisis'' (1776–1783), two of the most influential pamphlets at the start of the American Revolution, and helped inspire the Patriots in 1776 to declare independence from Great Britain, hitherto an unpopular cause. His ideas reflected Enlightenment-era ideals of transnational human righ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Unearned Income
Unearned income is a term coined by Henry George to refer to income gained through ownership of land and other monopoly. Today the term often refers to income received by virtue of owning property (known as property income), inheritance, pensions and payments received from public welfare. The three major forms of unearned income based on property ownership are rent, received from the ownership of natural resources; interest, received by virtue of owning financial assets; and profit, received from the ownership of capital equipment. As such, unearned income is often categorized as "passive income". Unearned income can be discussed from either an economic or accounting perspective, but is more commonly used in economics. Economics 'Unearned income' is a term coined by Henry George to popularize the economic concept of land rent and 'rent' generally. George modified John Stuart Mill's term 'unearned increment of land' to broaden the concept to include all land rent, not just increa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Land Monopoly
Concentration of land ownership refers to the ownership of land in a particular area by a small number of people or organizations. It is sometimes defined as additional concentration beyond that which produces optimally efficient land use. Distribution Land concentration exists in many countries. In Brazil, one of the countries with the highest amount of land concentration, the situation has resulted in large tracts lying idle while 95% of farmers work just 11% of the arable land. In 2010, the Czech Republic had the highest concentration, according to World Bank figures. In Scotland, just 400 people own more than 50% of privately owned land. Other countries with high land concentration include the United States, Venezuela, Paraguay, South Africa, and Namibia. Land concentration is currently increasing in the European Union and the United States, but decreasing in North Africa. Development In theory, a free market should allocate land in the most productive way, but in practice lan ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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