Progress and Poverty, Volumes I and II: An Inquiry into the Cause of Industrial Depressions and of Increase of Want with Increase of WealthGeorge, Henry
General
Progress and Poverty, Volumes I and II: An Inquiry into the Cause of Industrial Depressions and of Increase of Want with Increase of Wealth
George, Henry
Economics; Single tax
Look simply at the facts. Can anything be clearer than that the cause
of the poverty which festers in the centers of civilization is not in
the weakness of the productive forces? In countries where poverty is
deepest, the forces of production are evidently strong enough, if fully
employed, to provide for the lowest not merely comfort but luxury.
The industrial paralysis, the commercial depression which curses the
civilized world to-day, evidently springs from no lack of productive
power. Whatever be the trouble, it is clearly not in the want of
ability to produce wealth.
It is this very fact—that want appears where productive power is
greatest and the production of wealth is largest—that constitutes the
enigma which perplexes the civilized world, and which we are trying
to unravel. Evidently the Malthusian theory, which attributes want to
the decrease of productive power, will not explain it. That theory is
utterly inconsistent with all the facts. It is really a gratuitous
attribution to the laws of God of results which, even from this
examination, we may infer really spring from the mal-adjustments of
men—an inference which, as we proceed, will become a demonstration. For
we have yet to find what _does_ produce poverty amid advancing wealth.
FOOTNOTES:
[30] Principles of Political Economy, Book I., Chap. XIII., Sec. 2.
[31] The rate up to 1860 was 35 per cent. each decade.
BOOK III.
THE LAWS OF DISTRIBUTION.
CHAPTER I.—THE INQUIRY NARROWED TO THE LAWS OF DISTRIBUTION—NECESSARY
RELATION OF THESE LAWS.
CHAPTER II.—RENT AND THE LAW OF RENT.
CHAPTER III.—INTEREST AND THE CAUSE OF INTEREST.
CHAPTER IV.—OF SPURIOUS CAPITAL AND OF PROFITS OFTEN MISTAKEN FOR
INTEREST.
CHAPTER V.—THE LAW OF INTEREST.
CHAPTER VI.—WAGES AND THE LAW OF WAGES.
CHAPTER VII.—CORRELATION AND CO-ORDINATION OF THESE LAWS.
CHAPTER VIII.—THE STATICS OF THE PROBLEM THUS EXPLAINED.
The machines that are first invented to perform any particular
movement are always the most complex, and succeeding artists generally
discover that with fewer wheels, with fewer principles of motion
than had originally been employed, the same effects may be more
easily produced. The first philosophical systems, in the same manner,
are always the most complex, and a particular connecting chain, or
principle, is generally thought necessary to unite every two seemingly
disjointed appearances; but it often happens that one great connecting
principle is afterward found to be sufficient to bind together all the
discordant phenomena that occur in a whole species of things.—_Adam
Smith_, _Essay on the Principles which Lead and Direct Philosophical
Inquiries, as Illustrated by the History of Astronomy_.
CHAPTER I.
THE INQUIRY NARROWED TO THE LAWS OF DISTRIBUTION—THE NECESSARY RELATION
OF THESE LAWS.
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