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
But all wealth is not of the nature of planes, or planks, or money,
which has no reproductive power; nor is all production merely the
turning into other forms of this inert matter of the universe. It is
true that if I put away money, it will not increase. But suppose,
instead, I put away wine. At the end of a year I will have an increased
value, for the wine will have improved in quality. Or supposing that
in a country adapted to them, I set out bees; at the end of a year I
will have more swarms of bees, and the honey which they have made.
Or, supposing, where there is a range, I turn out sheep, or hogs, or
cattle; at the end of the year I will, upon the average, also have an
increase.
Now what gives the increase in these cases is something which, though
it generally requires labor to utilize it, is yet distinct and
separable from labor—the active power of nature; the principle of
growth, of reproduction, which everywhere characterizes all the forms
of that mysterious thing or condition which we call life. And it seems
to me that it is this which is the cause of interest, or the increase
of capital over and above that due to labor. There are, so to speak,
in the movements which make up the everlasting flux of nature, certain
vital currents, which will, if we use them, aid us, with a force
independent of our own efforts, in turning matter into the forms we
desire—that is to say, into wealth.
While many things might be mentioned which, like money, or planes, or
planks, or engines, or clothing, have no innate power of increase, yet
other things are included in the terms wealth and capital which, like
wine, will of themselves increase in quality up to a certain point;
or, like bees or cattle, will of themselves increase in quantity; and
certain other things, such as seeds, which, though the conditions which
enable them to increase may not be maintained without labor, yet will,
when these conditions are maintained, yield an increase, or give a
return over and above that which is to be attributed to labor.
Public-domain text, read in full here on John Shaqi.
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