Professor John Hall
Journal of Economic Literature Classification Codes
B12, B31, I3
Georgism, Henry George, Poverty, Progress and Poverty, Single Tax
This inquiry seeks to establish that Henry George’s writings advanced a distinct theory of political economy that benefited from a meteoric rise in popularity followed by a fall to irrelevance with the turn of the 20th century. During the depression decade of the 1870s, the efficacy of the laissez-faire economic system came into question, during this same timeframe neoclassical economics supplanted classical political economy. This inquiry considers both of George’s key works: Progress and Poverty  and The Science of Political Economy , establishing the distinct components of Georgist economic thought. This rise in ‘Georgism’ is evinced through the broad distribution of his first book that clearly tapped into American sentiments after the depression decade. The decline in popularity of his ideas appears related to the misinterpretation and the misrepresenting of his ideas
Pilarski, Justin "The Rise and Fall of Georgist Economic Thinking, Working Paper No. 40", Portland State University Economics Working Papers. 40. (15 December 2019) i + 16 pages.