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Georgism is concerned with the distribution of economic rent caused by land ownership, natural monopolies, pollution rights, and control of the commons, including title of ownership for natural resources and other contrived privileges (e.g., intellectual property).
He inspired the economic philosophy known as Georgism, the belief that people should own the value they produce themselves, but that the economic value of land (including natural resources) should belong equally to all members of society.
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- Georgism
- Annie Corsina Fox
Georgism consists of the ideas derived from the thought and works of the American economist and social philosopher, Henry George. The central issue is land, and the basic economic and ethical idea is that there should be a single levy on land rent or land value that replaces all other taxes.
- Fred E. Foldvary
Apr 25, 2017 · Georgism is thus based on three broad principles including the non-taxation of labor and high taxes on certain properties, private possession of assets which focuses upon eliminating unearned wealth and free trading in markets with limited regulation on the exchange.
Mar 22, 2024 · Georgism, also known as Geoism and single tax theory, is an economic philosophy and ideology named after the American economist and social reformer Henry George (1839–1897).
identify the roots of economic depression and disparity, George extensively explores the economic philosophy behind property and ownership. Distribution and income are also considered. George claims that the economic controversies that arise are related to a deficiency in the distribution of income. To remedy the distribution conundrum,
In Progress and Poverty Henry George sets out to answer the question of why poverty tends to increase, rather than decrease, as societies progress and build wealth. To understand such a foundational question, George begins with the foundations of economics: land, labor, and capital.
