HENRY GEORGE Meaning and
Definition
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Henry George (1839-1897) was a prominent American economist, social philosopher, and political activist, best known for his works on the concept of land value taxation. His ideas had a significant impact on the world of economics and politics during the late 19th and early 20th centuries.
As a philosopher, George argued that individuals should be entitled to the fruits of their labor but not the value of the natural resources or land, which he viewed as a common resource. He believed that the unearned income generated from the increase in land values should be captured by society through a single tax on land, referred to as a "land value tax." This tax would not only provide public revenue but also reduce the speculative use of land and promote equal opportunity and economic justice.
George's most influential work, "Progress and Poverty" (1879), examined the existing economic system and proposed solutions to address poverty and inequality. He argued that private ownership of land was the primary cause of social and economic problems, including wealth disparities and cyclical recessions. His ideas gained substantial popularity, especially among the working class and the reformers of his time.
Henry George's theories on land value taxation and economic justice continue to hold relevance and influence today, inspiring various land reform movements around the world. His contributed works significantly shaped the fields of economics, social philosophy, and political theory, earning him a place among the notable thinkers of his era.
Common Misspellings for HENRY GEORGE
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Etymology of HENRY GEORGE
The term Henry George is not derived from an etymological source but rather refers to a person's name. Henry George refers to an individual by combining the given name Henry with the family name George.
Similar spelling word for HENRY GEORGE
