The Annotated Works of Henry George

Progress and Poverty, Volume 2

Edited by Francis K. Peddle and William S. Peirce - With Alexandra W. Lough

Henry George (1839–1897) rose to fame as a social reformer and economist amid the industrial and intellectual turbulence of the late nineteenth century. His best-selling Progress and Poverty (1879) captures the ravages of privileged monopolies and the woes of industrialization in a language of eloquent indignation. His reform agenda resonates as powerfully today as it did in the Gilded Age, and his impassioned prose and compelling thought inspired such diverse figures as Leo Tolstoy, John Dewey, Sun Yat-Sen, Winston Churchill, and Albert Einstein. This six-volume edition of The Annotated Works of Henry George assembles all his major works for the first time with new introductions, critical annotations, extensive bibliographical material, and comprehensive indexing to provide a wealth of resources for scholars and reformers.

Volume II of this series presents the unabridged text of Progress and Poverty, arguably the most influential work of Henry George. The original text is supplemented by notes which explain the changes George made during his lifetime and the many references he made to history, literature, economics, and public policy. A new index augments accessibility to the text and key terms. The introductory essay, “The Rhetoric and the Remedy,” by series co-editor William S. Peirce, provides an overview of the historical context for George’s philosophy of economics and summarizes the argument of Progress and Poverty within the framework of the economic theories of his day. It then looks at some of the early reactions by leading economists and opinion makers to George’s fervent and eloquent call for economic justice.

Henry George wrote Progress and Poverty in order to identify and resolve the great paradox of modern industrial life. How was it possible for abject poverty, financial instability, and extreme economic inequality to co-exist with rising productivity and technological progress? He analyzed and rejected the widely held beliefs that poverty inevitably followed from the laws of economics or from a Darwinian struggle for survival of the fittest. George concluded that at the heart of this dilemma was how society treated natural resources, especially urban land. He did not succumb to the panacea of arbitrarily confiscating property or taking from the rich to give to the poor. George argued that taxes on productive labor and capital should be drastically reduced. His “sovereign remedy” declared that public goods could be adequately funded from the returns to land and other natural resources. The activities of society as a whole give land its value. It is therefore both equitable and efficient for the community to tax or recapture land values to support the activities of government.

University Press Copublishing Division / Fairleigh Dickinson University Press

Pages: 506 • Trim: 6¼ x 9⅜

978-1-61147-941-6 • Hardback • March 2017 • $161.00 • (£125.00)

978-1-61147-942-3 • eBook • March 2017 • $153.00 • (£119.00)

Series: The Annotated Works of Henry George

Subjects: Political Science / Labor & Industrial Relations, Business & Economics / Labor, History / United States / 19th Century

The Annotated Works of Henry George

Progress and Poverty, Volume 2

Hardback

eBook

Summary

Henry George (1839–1897) rose to fame as a social reformer and economist amid the industrial and intellectual turbulence of the late nineteenth century. His best-selling Progress and Poverty (1879) captures the ravages of privileged monopolies and the woes of industrialization in a language of eloquent indignation. His reform agenda resonates as powerfully today as it did in the Gilded Age, and his impassioned prose and compelling thought inspired such diverse figures as Leo Tolstoy, John Dewey, Sun Yat-Sen, Winston Churchill, and Albert Einstein. This six-volume edition of The Annotated Works of Henry George assembles all his major works for the first time with new introductions, critical annotations, extensive bibliographical material, and comprehensive indexing to provide a wealth of resources for scholars and reformers.

Volume II of this series presents the unabridged text of Progress and Poverty, arguably the most influential work of Henry George. The original text is supplemented by notes which explain the changes George made during his lifetime and the many references he made to history, literature, economics, and public policy. A new index augments accessibility to the text and key terms. The introductory essay, “The Rhetoric and the Remedy,” by series co-editor William S. Peirce, provides an overview of the historical context for George’s philosophy of economics and summarizes the argument of Progress and Poverty within the framework of the economic theories of his day. It then looks at some of the early reactions by leading economists and opinion makers to George’s fervent and eloquent call for economic justice.

Henry George wrote Progress and Poverty in order to identify and resolve the great paradox of modern industrial life. How was it possible for abject poverty, financial instability, and extreme economic inequality to co-exist with rising productivity and technological progress? He analyzed and rejected the widely held beliefs that poverty inevitably followed from the laws of economics or from a Darwinian struggle for survival of the fittest. George concluded that at the heart of this dilemma was how society treated natural resources, especially urban land. He did not succumb to the panacea of arbitrarily confiscating property or taking from the rich to give to the poor. George argued that taxes on productive labor and capital should be drastically reduced. His “sovereign remedy” declared that public goods could be adequately funded from the returns to land and other natural resources. The activities of society as a whole give land its value. It is therefore both equitable and efficient for the community to tax or recapture land values to support the activities of government.

Details

University Press Copublishing Division / Fairleigh Dickinson University Press

Pages: 506 • Trim: 6¼ x 9⅜

978-1-61147-941-6 • Hardback • March 2017 • $161.00 • (£125.00)

978-1-61147-942-3 • eBook • March 2017 • $153.00 • (£119.00)

Series: The Annotated Works of Henry George

Subjects: Political Science / Labor & Industrial Relations, Business & Economics / Labor, History / United States / 19th Century

Author

Francis K. Peddle is professor of philosophy, Dominican University College, Ottawa.

William S. Peirce is professor emeritus of economics, Case Western Reserve University, Cleveland.

Table of Contents

Preface
Introduction: The Rhetoric and the Remedy
Preface to the Centenary Edition of Progress and Poverty
Introduction to the Twenty-Fifth Anniversary Edition of Progress and Poverty
Forward to the Fourth Edition of 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.
Introductory—The Problem
Book I.—Wages and Capital
Book II.—Population and Subsistence
Book III.—The Laws of Distribution
Book IV.—Effect of Material Progress Upon The Distribution of Wealth
Book V.—The Problem Solved
Book VI.—The Remedy
Book VII.—Justice of the Remedy
Book VIII.—Application of the Remedy
Book IX.—Effects of the Remedy
Book X.—The Law of Human Progress
Conclusion—The problem of individual life
Index
About the Contributors