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.
François-Marie Arouet (1694–1778), known as Voltaire
America’s only Political Economy Book Club discusses Candide, Voltaire’s 1759 masterpiece that ridicules religion, theologians, governments, armies, philosophies and philosophers through allegory. As Jean Starobinski notes,”The fast-paced and improbable plot—in which characters narrowly escape death repeatedly, for instance—allows for compounding tragedies to befall the same characters over and over again.”
It’s only a hundred pages or so depending on the translation and format, and is available in English translation free from Project Gutenberg (in several formats) as well as from the Internet Archive, where there is also an audiobook.
PEBC coordinator Bob Matter would appreciate an RSVP, if possible, from those planning to attend.
In recent years, Georgists have created a large amount of video material about fundamental economic concepts, their basis and their application. Some are brief, some extended. All are helpful in understanding what we teach, why it’s important, and how it can be used. Producers include Earthsharing, Earthsharing Australia, Council of Georgist Organizations, and others. We’ll be watching a bunch of these during a four hour period Tuesday evening. Feel free to drop by for as long (or short) as you’d like. A list of the videos, with links, will be provided, as will some light refreshments.
The event is free, altho donations to help pay our rent and other expenses are appreciated.
This late 19th-century novel about nobleman Dmitri Ivanovich Nekhlyudov’s efforts at redemption after a life of sin is Tolstoy’s last major novel before his death in 1910. The readers will have a complex relationship with the tormented protagonist and his desperate attempts at redemption and forgiveness, since Nekhlyudov’s misguided decisions and youthful errors are often not so dissimilar from our own. Resurrection is a scathing exposition of the myriad prejudices of the man-made justice system and the hypocrisy of the establishment, while it also explores the economic philosophy of Georgism – of which Tolstoy had become a strong advocate toward the end of his life. [from the Culture Trip]
Political Economy Book Club discussions are open to everyone interested, without charge, and the text (in English translation) is available free from various sources including archive.org, who also offer a free audiobook. There is also a more recent translation by Anthony Briggs, which can be purchased or licensed in various formats and is available in some public libraries. Any questions about the PEBC may be directed to Convenor Bob Matter,
Once again this year, our colleagues from the Public Revenue Education Council will have a booth at the annual conference of the National Council of State Legislators. PREC travel to the host city each year, and in 2016 they’re at McCormick Place in Chicago.
PREC will want assistance from local people who have completed one or more courses at the Henry George School and understand the fundamentals of political economy, especially land value taxation and the “two-rate” or “split rate” tax. If you might like to help out, contact Chuck Metalitz for more details. Because this conference of public officials is closed to the public, this might be you only way to get into the exhibit hall, and requires pre-arrangement. Only a limited number of these volunteer positions is available.
“The purpose of Newspeak was not only to provide a medium of expression for the world-view and mental habits proper to the devotees of IngSoc, but to make all other modes of thought impossible. It was intended that when Newspeak had been adopted once and for all and Oldspeak forgotten, a heretical thought – that is, a thought diverging from the principles of IngSoc – should be literally unthinkable, at least so far as thought is dependent on words.“
— George Orwell
Dan Sullivan
Something like this has happened to the field of economics, says Dan Sullivan. Terms which had clear meanings to Adam Smith, J S Mill, and other classical economists have got distorted and redefined– or obliterated– to prevent serious discussion of economic issues. Going back to the roots of political economy, Dan suggests the real point of a proper science of economics would be to efficiently satisfy the desires of the people, both individually and collectively.
Dan will help us distinguish between “rights” and “privileges,” “investments” and “acquisitions”, and several distinct concepts that all get called “wealth.” He’ll address the difference between “means of production” and “capital,” and differentiate “human capital” from modern slavery.
You can understand today’s economic issues such as minimum wages, tax policy, international trade, housing costs, and unemployment, but only if you have a clear idea of the fundamental terms. These terms can be readily comprehended by ordinary people and do not lead to any particular “left” or “right” public policy, but they facilitate informed communication.
There will of course be time for questions and discussion.
Based in Pittsburgh, Dan Sullivan is a popular speaker on economic issues, and Director of Saving Communities
Bob Matter’s Political Economy Book Club is reading Jack London’s dystopian novel The Iron Heel. On June 25 we’ll discuss chapters 1-13, and on July 23 chapters 14-25. This 1908 text is available free from Project Gutenberg, in hardcopy from some public libraries, or as an audiobook. You can buy used hardcopies for < $10 from severalvendors.
“In 1606, approximately 105 British colonists sailed to America, seeking gold and a trade route to the Pacific. Instead, they found disease, hunger, and hostile natives. Ill prepared for such hardship, the men responded with incompetence and infighting. Only the leadership of Captain John Smith averted doom….” (from the book jacket).