Progress And Poverty a Criticism of Mr Henry George Being Two Lectures Del
Progress And Poverty a Criticism of Mr Henry George Being Two Lectures Del
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George's assertion, that wages and interest always fall as rent rises, is constantly disproved by history. I will only take one instance from our own recent experience. Between 1850 and 1878 there was a great rise of rent in this country. Even in the case of agricultural land there was an increase of 40 per cent. , while the rent of town land, of course, rose even more considerably. Did interest and wages fall ? On the contrary. Interest remained stationary while wages rose, rose to nearly doub...le in a few cases, but rose more or less in almost all. Now we come to the question : Since rent does not directly lower profits or lower wages, ought we to con fiscate rent? First of all, let us ask what we should gain — what the money gain would be ? You will remember that Mr. George, in his book, states that he would not take the whole of what is commonly called rent but, only that part of rent which was due, not to individual exertions and enterprise, but to the natural growth of civilisation— that is, he wishes that every man should keep that which he has earned himself; and he there follows the English economists.
What to read after Progress And Poverty a Criticism of Mr Henry George Being Two Lectures Del?
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To quickly assess the difficulty of the text, read a short excerpt:
George's assertion, that wages and interest always fall as rent rises, is constantly disproved by history. I will only take one instance from our own recent experience. Between 1850 and 1878 there was a great rise of rent in this country. Even in the case of agricultural land there was an increase of 40 per cent. , while the rent of town land, of course, rose even more considerably. Did interest and wages fall ? On the contrary. Interest remained stationary while wages rose, rose to nearly doub...le in a few cases, but rose more or less in almost all. Now we come to the question : Since rent does not directly lower profits or lower wages, ought we to con fiscate rent? First of all, let us ask what we should gain — what the money gain would be ? You will remember that Mr. George, in his book, states that he would not take the whole of what is commonly called rent but, only that part of rent which was due, not to individual exertions and enterprise, but to the natural growth of civilisation— that is, he wishes that every man should keep that which he has earned himself; and he there follows the English economists.
What to read after Progress And Poverty a Criticism of Mr Henry George Being Two Lectures Del?
You can find similar books in the "Read Also" column, or choose other free books by Arnold Toynbee to read onlineMoreLess
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