Progress And Poverty by Henry George

An Inquiry into the Cause of Industrial Depressions and of Increase of Want with Increase of Wealth

Argues that technological and economic progress paradoxically coexists with widespread poverty because private control and speculation in land allow owners to capture unearned economic rent, concentrate wealth, and depress wages; as productivity rises, land values increase and the benefits are monopolized rather than shared. Proposes remedy of recovering land rent for public use—principally through a land-value tax—to discourage speculation, promote productive use of land, relieve other taxes, and create more equitable economic opportunity, framed as both an economic and moral solution.

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