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Henry George (henry + george)

Distribution by Scientific Domains
Humanities and Social Sciences100%

Selected Abstracts

ECONOMY OF THE GIFT: RETHINKING THE ROLE OF LAND ENCLOSURE IN POLITICAL ECONOMY*

MODERN THEOLOGY, Issue 3 2009
TODD S. MEI
The theological revivification of the concept of gift and gift exchange in the last two decades has provoked questions on how notions of divine superabundance can be translated into economics. In this article, I relate the thinking of Paul Ricoeur, John Milbank, Philip Goodchild and Albino Barrera to a specific economic reform that entails seeing land enclosure as inimical to the stability and fairness of an economy. I refer to the political economy of Henry George (1839,97) which takes land value taxation to be its centrally defining principle for a just economy. [source]

The Henry George Theorem and the Entrepreneurial Process: Turning Henry George on his Head

AMERICAN JOURNAL OF ECONOMICS AND SOCIOLOGY, Issue 1 2010
Laurence S. Moss
This chapter offers an interpretation of the Henry George Theorem (HGT) that brings it squarely into the study and analysis of entrepreneurship somewhat loosening its ties to the subfield of urban economics. I draw on the pioneering work of Spencer Heath whose insights about the viability of proprietary communities were developed further by his grandson, Spencer Heath MacCallum who, in 1970, recognized that private real estate developers sometimes make their capital gains (mostly) by creating useful public spaces that others enjoy. I also draw inspiration from Fred Foldvary's effort in 1994 to synthesize the pubic goods problem in economics with the Henry George Theorem in urban economics. While the real estate owner,developer does emerge on my pages in a somewhat more favourable light than as originally portrayed by Henry George in his Progress and Poverty in 1879, I offer a realistic appraisal of the duplicitous behaviours required of such entrepreneurs. in the context of the modern regulatory state. Real estate development remains a ,hot button' item in local politics, and real estate developers must become genuine ,political entrepreneurs' if they are to complete their projects in a timely way and capture business profits. It is a complicated story that the HGT helps make intelligible in terms of human action. [source]

Henry George Under the Microscope: Comments on "Henry George's Political Critics"

AMERICAN JOURNAL OF ECONOMICS AND SOCIOLOGY, Issue 5 2009
Article first published online: 20 OCT 200, Richard Giles
The annual supplement of the AJES for 2008 titled Henry George: Political Ideologue, Social Philosopher, and Economic Theorist had as its first and longest essay "Henry George's Political Critics" by Professor Michael Hudson. It offered a multitude of criticisms, most of which Prof. Hudson seemed to agree with. All purported to be criticisms of George as a political strategist, though some seem more to originate from Hudson's disagreement with theoretical positions George was bound to take. The purpose of this short paper is to show that Professor Hudson's long article fails to do what it seems intended to do. That is, it fails to show that trade unionists and especially socialists were "natural allies" of the Georgist movement, that it was George's fault that that they were not, and that George "allied" his movement irrevocably to "capital," rejecting its "natural allies." [source]

Henry George and Classical Growth Theory: A Significant Contribution to Modeling Scale Economies

AMERICAN JOURNAL OF ECONOMICS AND SOCIOLOGY, Issue 1 2001
John Whitaker
It is widely recognized that the analysis of economic growth in Henry George's Progress and Poverty was considerably influenced by the British classical tradition, especially the writings of Adam Smith, David Ricardo, and John Stuart Mill. What has been less clearly perceived is that George made significant extensions to the classical theory. This paper's aim is to provide an interpretation, and to some extent a "rational reconstruction," of George's positive analysis, largely leaving aside the striking normative lessons he drew from it. George's unsatisfactory treatment of capital is disposed of in Section I, while Section II,the core of the paper,follows George's lead in aggregating capital and labor into a single productive factor which is employed in a given natural environment. Section III adds the complication of improvement in the arts of production, and Section IV deals briefly with George's views on land speculation. Section V assesses, comparing George with his contemporary Alfred Marshall. [source]