Since earliest civilizations, humans have recognized that food is a product of farmland (and, yes, pastureland, fisheries, etc) and have managed to cultivate enough land to feed themselves. Yet today we routinely convert farmland to urban use. American Farmland Trust (AFT) seek to ensure continued agricultural use of some land by buying development rights from farmers, and try to make farms more viable by facilitating community supported agriculture. The geoist fiscal reform provides an alternative way to encourage more conservative and productive use of all land. With additional material from YES! magazine about the slow food revolution, this presentation by HGS instructor Bob Jene suggests that an alliance between AFT and geoists might benefit both.
An injudicious tax offers a great temptation to smuggling. But the penalties of smuggling must rise in proportion to the temptation. The law, contrary to all the ordinary principles of justice, first creates the temptation, and then punishes those who yield to it…
— Adam Smith
Book V of Adam Smith’s classic is entitled “Of the Revenue of the Sovereign or Commonwealth,” includes the above as well as many thoughtful passages about what we nowadays call public finance. Our Political Economy Book Club will discuss this final part of Wealth of Nations on Wednesday, November 12. You can download or read the book on line from severalsources, borrow it from many public libraries, or purchase a copy inexpensively.
For further information or to let us know you’re coming, email PEBC coordinator Bob Matter or call 312 450 2906.
This session introduces Progress & Poverty, including an overview of what we cover in the course. Even if you don’t plan to take the full course, you can expect this introductory session to help you gain a new and useful perspective on today’s problems of wealth concentration, poverty, and lack of opportunity.
America in the 1870s faced increasing poverty, rising unemployment, rule by an elite and their corporations– many of the same problems we’re experiencing today. Henry George described the cause of these problems and proposed a remedy which is even more applicable today than it was in his time. His book Progress & Poverty, perhaps the best-selling nonfiction book of the 19th century, presented his analysis and solution.
In this “classic” version of the course, students are encouraged to read the original 1879 text, and/or modern summaries and supplements, and to evaluate what George says against their own experience and understanding. You’ll gain a new understanding of how the economy works, which public policies promote liberty and prosperity, and which don’t.
Class meets every Tuesday, beginning 6:15PM on January 19, ending March 22. More information about the course is here and here. Pre-registration is helpful but not required.
House construction on farmland Sheboygan Co — credit: Brett VA
As farmland yields to “higher-value” uses, how (and how well and how inexpensively) will we eat? Bob Jene reviews data from a leading agricultural preservation organization, the American Farmland Trust (AFT). Among other things they buy development rights from landowners to insure continued farming use, and attempt to facilitate community supported agriculture which makes family farms more viable. A Georgist fiscal reform encourages more conservative and productive use of all land and reduces sprawl, thus preventing encroachment on farmland. An alliance with AFT would benefit us both.
Between 1948 and 1973, Americans’ real wages rose almost as fast as their productivity. After 1973, productivity grew 147% but wages rose only 19%. This raises two questions:
(1) If workers getting less, who is getting more?
(2) Is there a way to restore the balance?
To solve the problem of poverty, and the many other problems that follow from it, ordinary workers need higher wages. George Menninger describes how to raise wages without interfering in the free market and without taking anyone’s earnings.
George Menninger is an instructor at the Henry George School of Chicago, and attendees at this free program will have the opportunity to sign up for his Progress & Poverty course.
Between 1948 and 1973, Americans’ real wages rose almost as fast as their productivity. After 1973, productivity grew 147% but wages rose only 19%. This raises two questions:
(1) If workers getting less, who is getting more?
(2) Is there a way to restore the balance?
To solve the problem of poverty, and the many other problems that follow from it, ordinary workers need higher wages. George Menninger describes how to raise wages without interfering in the free market and without taking anyone’s earnings.
George Menninger is an instructor at the Henry George School of Chicago, and attendees at this free program will have the opportunity to sign up for his Progress & Poverty course.
No reservation is required, but you can let us know by email that you’re coming.
Between 1948 and 1973, Americans’ real wages rose almost as fast as their productivity. After 1973, productivity grew 147% but wages rose only 19%. This raises two questions:
(1) If workers getting less, who is getting more?
(2) Is there a way to restore the balance?
To solve the problem of poverty, and the many other problems that follow from it, ordinary workers need higher wages. George Menninger describes how to raise wages without interfering in the free market and without taking anyone’s earnings.
George Menninger is an instructor at the Henry George School of Chicago, and attendees at this free program will have the opportunity to sign up for his Progress & Poverty course.
No reservation is required, but you can let us know by email that you’re coming.
Urban sprawl is threatening to destroy much valuable farmland. We will look at data from one of the leading national organizations trying to mitigate this damage, The American Farmland Trust (AFT). Among other things they buy development rights from farmers to insure the land’s continued use in agriculture and attempt to facilitate community supported agriculture which makes family farms more viable. The Georgist fiscal reform reduces sprawl alleviating pressure on farmland.
Decades before Wealth of Nations, Adam Smith wrote what he seems to have considered a superior work, Theory of Moral Sentiments. He wrote:
How selfish soever man may be supposed, there are evidently some principles in his nature, which interest him in the fortune of others, and render their happiness necessary to him, though he derives nothing from it except the pleasure of seeing it.
Wikipedia asserts:
Smith critically examines the moral thinking of his time, and suggests that conscience arises from dynamic and interactive social relationships through which people seek “mutual sympathy of sentiments.”[74] His goal in writing the work was to explain the source of mankind’s ability to form moral judgement, given that people begin life with no moral sentiments at all. Smith proposes a theory of sympathy, in which the act of observing others and seeing the judgements they form of both others and oneself makes people aware of themselves and how others perceive their behaviour.
The Theory of Moral Sentiments has been printed in numerous editions, and is also available free on line. Smith revised the book throughout his lifetime; it’s best to avoid the first edition, and choose one published after his death in 1790.
In this session we’ll discuss parts 1-3 of the book, taking up parts 4-7 on November 20,
