Guided by HGS instructor Bob Jene, this tour starts with a look at the City of Chicago amenities on the lakefront in Grant Park, and their effect on land values in neighboring private properties especially along Prairie and Indiana Avenues south of Roosevelt. This is the museum campus area with a mixed style of housing. We continue down to the Central Station Area where there are some vintage mansions on Prairie Avenue. We will stop to look at assessor’s data on the value of units, properties and parking spaces and how they relate to location.
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.
