Why have you never heard of Henry George?
By Steve Muratore
Okay, maybe you have heard of him, but until very recently, I had not. Not while earning my bachelor’s degree in business administration (major in accounting) from Arizona State. Not from labor leaders, though I was a member of the United Telegraph Workers in the 1970s; nor from AFSCME, though I was a member in the 1990s.
Classical Economics, Now More Than Ever
By Matthew Yglesias (Slate)
In the beginning, there were the classical economists—most famously Adam Smith and David Ricardo—who wrote about a mostly preindustrial economy. A little bit unfortunately for them, the Industrial Revolution turned out to be far and away the most important thing to ever happen in economy history.
Ghost Malls of the Instant Cities The failure of the New South China Mall can be attributed to problems of speculation and overdevelopment, poor urban planning, as well as the absence of organic growth in these “instant” cities. By Tong Lam (LA Review of Books)
Jesuit Justice and the Pope The good Jesuits at SCU and elsewhere have yet to confront the core of ethics, just as economists have not confronted the core question of what is the optimal division between what is personal and what is social. By Fred E. Foldvary (The Progress Report)
America Does Tax Wealth, Just Not Very Intelligently The old argument going back to David Ricardo and Henry George that you should tax land wealth very heavily seems quite sound to me. By Matthew Yglesias (Slate)
It’s worth saying that we do kind of have wealth taxes in the United States; they’re just not very intelligently designed. The property taxes that fund local governments, for example, are a tax on housing wealth. It’s just that housing wealth happens to be the most widely held form of wealth in the country, so it doesn’t pack the egalitarian punch of a wealth tax.
It’s Lose-Lose vs. Win-Win-Win-Win-Win By Thomas L. Friedman (New York Times)
Experts believe that the mere signal of a carbon tax would get companies to become more energy efficient. And that’s the point. As part of any grand bargain — which will have to include spending cuts and tax increases — introducing a carbon tax into the mix makes all kinds of options easier and smarter.
What a 19th-Century Economist Can Teach Us About Today’s Capitalism By Chrystia Freeland
Henry George is the most famous American popular economist you’ve never heard of, a 19th century cross between Michael Lewis, Howard Dean and Ron Paul. Progress and Poverty, George’s most important book, sold three million copies and was translated into German, French, Dutch, Swedish, Danish, Spanish, Russian, Hungarian, Hebrew and Mandarin. During his lifetime, George was probably the third best-known American, eclipsed only by Thomas Edison and Mark Twain. He was admired by the foreign luminaries of the age, too — Leo Tolstoy, Sun-Yat Sen and Albert Einstein, who wrote that “men like Henry George are unfortunately rare. One cannot image a more beautiful combination of intellectual keenness, artistic form and fervent love of justice.” George Bernard Shaw described his own thinking about the political economy as a continuation of the ideas of George, whom he had once heard deliver a speech.
A new report on trends in house prices in Britain has just been released by Savilles. According to its annual “Valuing Britain” analysis, “The total value of the UK’s housing stock has risen slightly to £5 trillion over the past year, but housing wealth is becoming increasingly concentrated in London and the South East.”
Give it back! Oil and the smart citizen dividend (VIDEO) By Johnny West (TEDx Berlin) Why can’t Nigeria be like Norway? With 20 years experience in and around the oil industry journalist and consultant Johnny West claims a simple policy tool, that can switch the situation of countries in which natural resources are produced and which, as a consequence, suffer from conflicts, war and corruption.
Winstanley, Marx and Henry George To mark the first anniversary of the Occupy camp at St Paul’s London Occupy organised a series of ‘New Putney Debates’ in October and November. Some took place in the same church in Putney as the original 1647 debates in Cromwell’s army. Two were devoted to the question of land.
Why site value tax is best option SVT is the most equitable, efficient and effective property tax option for the Government. Unlike a conventional property tax that taxes the ‘improved’ portion of the property, i.e. the buildings and thus penalises construction, SVT is non-distortionary, creates no economic drag and has minimal adverse effects.
A Brief History of American Paper Money With Emphasis on Georgist Perspectives To counter ever-rising levels of debt, provide full employment, and to create jobs for things that need to be done, Congress should create debt-free United States Notes By Scott Baker, Common Ground-NYC activist
A land value tax should be at the heart of London’s economic recovery Fairer, smarter taxes are needed for London to recover from the double-dip recession By Jenny Jones AM, leader of the Green Party on the London Assembly