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Henry George and The Reconstruction of Capitalism

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  • Robert V. Andelson

Abstract

. The moral basis for the recommendation of Henry George that land, not labor and capital, be taxed is explained. The justification is that the value of land is socially created by density of population and as a result of private and public improvements, such as roads and utilities. This policy is advocated on the basis of its very successful, if limited, use in many places. It is contended that the need for many forms of social intervention in the economic process, which have many side consequences, would be dramatically lessened.

Suggested Citation

  • Robert V. Andelson, 1993. "Henry George and The Reconstruction of Capitalism," American Journal of Economics and Sociology, Wiley Blackwell, vol. 52(4), pages 493-501, October.
    • Handle: RePEc:bla:ajecsc:v:52:y:1993:i:4:p:493-501
    DOI: 10.1111/j.1536-7150.1993.tb02577.x
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