Stories worth listening.

Person

Henry George

Economist whose single-tax ideas on land value informed the lesson Magie put into her game.

Stories worth listening. In your pocket.

Get Angle for iOS

iPhone beta · Opens in TestFlight

Stories on Angle

Background on Henry George

Background

Selected excerpts from Wikipedia. This is general background, not Angle's reporting, and it may have changed since the stories above were published.

Henry George (September 2, 1839 – October 29, 1897) was an American political economist, social philosopher and journalist. His writing was popular in 19th-century America and sparked several reform movements of the Progressive Era. 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. George famously argued that a single tax on land values would create a more productive and just society.

His most famous work, Progress and Poverty (1879), sold millions of copies worldwide. The treatise investigated the paradox of increasing inequality and poverty amid economic and technological progress, the business cycle with its cyclic nature of industrialized economies, and the use of rent capture such as land value taxation and other anti-monopoly reforms as a remedy for these and other social problems. Other works by George defended free trade, the secret ballot, free (at marginal cost) public utilities/transportation provided by the capture of their resulting land rent uplift, Pigouvian taxation, and public ownership of other natural monopolies.

George was a journalist for many years, and the popularity of his writing and speeches brought him to run for election as Mayor of New York City in 1886 as the United Labor Party nominee and in 1897 as the Jefferson Democracy nominee, where he received 31 percent and 4 percent of the vote respectively and finished ahead of former New York State Assembly minority leader and future President of the United States Theodore Roosevelt in the first race. …

Personal life

George was born in Philadelphia to a lower-middle-class family, the second of ten children of Richard S. H. George and Catharine Pratt George (née Vallance). His father was a publisher of religious texts and a devout Episcopalian, and he sent George to the Episcopal Academy in Philadelphia. George chafed at his religious upbringing and left the academy without graduating. Instead he convinced his father to hire a tutor and supplemented this with avid reading and attending lectures at the Franklin Institute. His formal education ended at age 14, and he went to sea as a foremast boy at age 15 in April 1855 on the Hindoo, bound for Melbourne and Calcutta. He ended up in the American West in 1858 and briefly considered prospecting for gold but instead started work the same year in San Francisco as a type setter.

In California, George fell in love with Annie Corsina Fox from Sydney, Australia. They met on her seventeenth birthday on October 12, 1860. She had been orphaned and was living with an uncle. The uncle, a prosperous, strong-minded man, was opposed to his niece's impoverished suitor. But the couple, defying him, eloped and married on December 3, 1861, with Henry dressed in a borrowed suit and Annie bringing only a packet of books.

The marriage was a happy one, and four children were born to them. On November 3, 1862, Annie gave birth to Henry George Jr. (1862–1916), a future United States Representative from New York. Early on, even with the birth of future sculptor Richard F. George (1865–1912), the family was near starvation. George's other two children were both daughters. The first was Jennie George, (c. 1867–1897), later to become Jennie George Atkinson. George's other daughter was Anna Angela George (1878–1947), who would become mother of both future dancer and choreographer Agnes de Mille and future actress Peggy George, who was born Margaret George de Mille.

Following the birth of his second child, George had no work and no money and had to beg for food. As he approached the first well-dressed stranger he saw in the street, George, normally a lawful man, decided to rob him if he was unwilling to help. Fortunately, the man took pity on him and gave him five dollars.

George was raised as an Episcopalian, but he believed in "deistic humanitarianism". His wife Annie was Irish Catholic, but Henry George Jr. …

Political career

George first ran for public office in 1869, when he sought the Democratic nomination for California State Assembly. However, he refused to pay the party's assessment fee, and was therefore ineligible for consideration. Despite this setback, he remained active in the California Democratic Party. Governor Henry Huntly Haight, impressed by the young journalist, recruited George to manage the party's newspaper in Sacramento, and in 1871 he served as secretary of the Democratic state convention as it renominated Haight. Later that year, he finally received the party's nomination for State Assembly, but was defeated alongside the rest of the ticket in a Republican landslide.

In the 1875 election, George campaigned for Democrat William Irwin, who handily won thanks to Republican vote splitting. A few months later, George was forced to give up the Evening Post due to a financial dispute with U.S. Senator John P. Jones. Unable to find work or provide for his family, George wrote to Governor Irwin, who rewarded him with the office of State Inspector of Gas Meters. George held that office from 1876 to 1880, during which he was able to write Progress and Poverty. He also supplemented his income with paid lectures. Among those he consulted while writing the book were former State Superintendent of Public Instruction John Swett, University of California Regent Andrew Smith Hallidie, Sacramento Bee editor James McClatchy, Assemblyman James V. Coffey, former Assemblyman James G. Maguire, and doctor Edward Robeson Taylor.

Around the same time, the anti-Chinese Workingmen's Party led by Denis Kearney was increasing in popularity. George supported the party and endorsed their platform, but took issue with Kearney himself. When California's Second Constitutional Convention was called in 1878, George was nominated as a delegate on both the Democratic and Workingmen's tickets, but lost the latter's nomination after he refused to recognize Kearney as leader of the party. …

Death and funeral

George's first stroke occurred in 1890, after a global speaking tour concerning land rights and the relationship between rent and poverty. This stroke greatly weakened him, and he never truly recovered. Despite this, George tried to remain active in politics. Against the advice of his doctors, George campaigned for New York City mayor again in 1897, this time as an Independent Democrat, saying, "I will make the race if I die for it." The strain of the campaign precipitated a second stroke, leading to his death four days before the election.

An estimated 100,000 people visited Grand Central Palace during the day to see Henry George's face, with an estimated equal number crowding outside, unable to enter, and held back by police. After the Palace doors closed, the Reverend Lyman Abbott, Father Edward McGlynn, Rabbi Gustav Gottheil, R. Heber Newton (Episcopalian), and John Sherwin Crosby delivered addresses.

Separate memorial services were held elsewhere. In Chicago, five thousand people lined up to hear memorial addresses by former Illinois governor John Peter Altgeld and John Lancaster Spalding. Mayor Strong broke down and cried at a meeting, calling George a martyr.

The New York Times reported that later in the evening, an organized funeral procession of about 2,000 people left from the Grand Central Palace and made its way through Manhattan to the Brooklyn Bridge. This procession was "all the way ... thronged on either side by crowds of silent watchers."

The procession then went on to Brooklyn, where the crowd at Brooklyn City Hall "was the densest ever seen there." There were "thousands on thousands" at City Hall who were so far back that they could not see the funeral procession pass. It was impossible to move on any of the nearby streets. The Times wrote, "Rarely has such an enormous crowd turned out in Brooklyn on any occasion," but that nonetheless, "[t]he slow tolling of the City Hall bell and the regular beating of drums were the only sounds that broke the stillness. ... Anything more impressive ... could not be imagined." At Court Street, the casket was transferred to a hearse and taken to a private funeral at Fort Hamilton.

Commentators disagreed on whether it was the largest funeral in New York history or the largest since the death of Abraham Lincoln. …

Views and policy proposals

Henry George is best known for his argument that the economic rent of land (location) should be shared by society. The clearest statement of this view is found in Progress and Poverty: "We must make land common property." By taxing land values, society could recapture the value of its common inheritance, raise wages, improve land use, and eliminate the need for taxes on productive activity. George believed it would remove existing incentives toward land speculation and encourage development, as landlords would not suffer tax penalties for any industry or edifice constructed on their land and could not profit by holding valuable sites vacant.

Broadly applying this principle is now commonly known as "Georgism." In George's time, it was known as the "single-tax" movement and sometimes associated with movements for land nationalization, especially in Ireland. However, in Progress and Poverty, George did not favor the idea of nationalization.

I do not propose either to purchase or to confiscate private property in land. The first would be unjust; the second, needless. Let the individuals who now hold it still retain, if they want to, possession of what they are pleased to call their land. Let them continue to call it their land. Let them buy and sell, and bequeath and devise it. We may safely leave them the shell, if we take the kernel. It is not necessary to confiscate land; it is only necessary to confiscate rent.

George considered businesses relying on exclusive right-of-way land privilege to be "natural" monopolies. Examples of these services included the transportation of utilities (water, electricity, sewage), information (telecommunications), goods, and travelers. George advocated that these systems of transport along "public ways" should usually be managed as public utilities and provided for free or at marginal cost. In some cases, it might be possible to allow competition between private service providers along public "rights of way," such as parcel shipping companies that operate on public roads, but wherever competition would be impossible, George supported complete municipalization. George said that these services would be provided for free because investments in beneficial public goods always tend to increase land values by more than the total cost of those investments. …

Legacy

Henry George's ideas on politics and economics had enormous influence in his time. His ideas gave rise to the economic philosophy now known as Georgism. However, his influence slowly waned through the 20th century. Nonetheless, it would be difficult to overstate George's impact on turn-of-the-century reform movements and intellectual culture. George's self-published Progress and Poverty was the first popular economics text and one of the most widely printed books ever written. The book's explosive worldwide popularity is often marked as the beginning of the Progressive Era and various political parties, clubs, and charitable organizations around the world were founded on George's ideas. George's message attracts support widely across the political spectrum, including labor union activists, socialists, anarchists, libertarians, reformers, conservatives, and wealthy investors. As a result, Henry George is still claimed as a primary intellectual influence by both classical liberals and socialists. Edwin Markham expressed a common sentiment when he said, "Henry George has always been to me one of the supreme heroes of humanity."

A large number of famous individuals, particularly Progressive Era figures, claim inspiration from Henry George's ideas. John Peter Altgeld wrote that George "made almost as great an impression on the economic thought of the age as Darwin did on the world of science." José Martí wrote, "Only Darwin in the natural sciences has made a mark comparable to George's on social science." In 1892, Alfred Russel Wallace stated that George's Progress and Poverty was "undoubtedly the most remarkable and important book of the present century," implicitly placing it above even The Origin of Species, which he had earlier helped develop and publicize.

Franklin D. Roosevelt praised George as "one of the really great thinkers produced by our country" and bemoaned the fact that George's writings were not better known and understood. George's views influenced the New Deal.

In 1897, William Jennings Bryan wrote that George's genius had reached and affected the global reading public, and that he "was one of the foremost thinkers of the world." Former President Rutherford B. Hayes said of him:

Henry George is strong when he portrays the rottenness of the present system. We are, to say the least, not yet ready for his remedy. …

From the Wikipedia article Henry George (revision of ). Wikipedia contributors; selected plain-text excerpts from this revision. Formatting, reference markers and non-prose material removed. Available under Creative Commons Attribution-Share Alike 4.0. Identity from Wikidata (CC0).