Issuance of legal tender see seigniorage   Privileges that are less location dependent but that still exclude others from natural opportunities patents   Where free competition is impossible, such as telegraphs, water, gas, and transportation, George wrote, "[S]uch business becomes a proper social function, which should be controlled and managed by and for the whole people concerned. Because pollution is a negative contribution, a taking from the commons or a cost imposed on others, its value is economic renteven when the polluter is not receiving an explicit income. Therefore, to the extent that society determines pollution to be harmful, most Georgists propose to limit pollution with taxation or quotas that capture the resulting rents for public use, restoration, or a citizen's dividend.
Henry George travelled both to California and New York and noted that poverty and wealth were both more extreme in the older New York. He also noted that population pressures in both places meant that land prices Both Henry George in Progress and Poverty, and Edward Bellamy in Looking Backward attempted to come up with innovation ways to deal with the social problems caused by unequal distribution of wealth in the late nineteenth century.
He also noted that population pressures in both places meant that land prices were rising. This meant the owners of the land could extract more in rents without adding any value, and the people renting the land, either to farm in the west or to have living space in a New York tenement, were paying more for it.
The wealth inequality was greater in New York because the land owners had had a longer period in which to extract rents.
This led to a concentration of wealth in the hands of a few. He proposed allowing people to privatize, or keep for themselves, the earnings from what they produced or the improvements they made to land.
However, he proposed that the profits from land rents and other natural resources be heavily taxed and redistributed. Edward Bellamy was more purely socialist. He proposed getting rid of capitalist competition and private control of the means of production. Government would own the banks and factories, and the profits would be equally distributed among the people.
While Bellamy said Looking Backward, a novel set in the year in which socialism had taken over, was merely fiction, his ideas became very popular.+ free ebooks online.
Did you know that you can help us produce ebooks by proof-reading just one page a day? Go to: Distributed Proofreaders. Bellamy also founded the Nationalist Clubs, and was editor of the Nationalist (beginning ) and the New Nation ().
Henry George was self taught in economic theories through his reading.
See also Civil Engineers Return to Index Page Personal name index. Adamson, John Beherns Born Educated in Carlisle. Apprenticed to NBR at age Both Henry George in Progress and Poverty, and Edward Bellamy in Looking Backward attempted to come up with innovation ways to deal with the social problems caused by unequal distribution of.
Andrew Jackson A brief biography. Introduction: An Atrocious Saint In A Bewildering Era; A Life of Andrew Jackson; Tennessee Statehood; Congressman Jackson (). Richard Henry Lee had the advantage in life of living during one of the most crucial times in American History.
Allowing him to take part in one of the greatest events the world has witnessed, the pregnancy, birth, and childhood of the United States of America. Striving against the British Crown.