Progress and Poverty: A Suppressed Economics Classic

8 Jul

The Most Revolutionary Act

progress

By Henry George (1879), edited and abridged by Bob Drake, Robert Shalkenbach Foundation (2006)

Book Review

Progress and Poverty is an economic classic which has been suppressed in the US owing to its subject matter: the elimination of poverty and economic inequality by restoring The Commons. Written over 130 years ago, the book provides uncanny insights for the current difficulties capitalism faces (i.e paralyzing recession, massive public and personal debt and growing income inequality). Internationally George’s economic theories are regarded as comparable to those of Marx, Keynes and Galbraith. Yet despite being the third most famous American in 1879 (after Edison and Mark Twain), George’s work remains largely unknown outside of Australia, New Zealand, Hong Kong and Taiwan.  

Why Development Always Produces Poverty

George’s goal in writing Progress and Poverty is to explain, in economic terms, why material progress (i.e. economic development) is always accompanied by poverty and increasing…

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2 Responses to “Progress and Poverty: A Suppressed Economics Classic”

  1. stuartbramhall July 8, 2014 at 3:15 pm #

    Thanks for reblogging.

    • auntyuta July 8, 2014 at 3:31 pm #

      I thank you very much for this blog, Stuart. I think PROGRESS and POVERTY is still a very important book. The more people get to know about it, the better.

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