Successful land speculation (also known as “real estate investment”) is really a matter of taking for yourself the gains that belong to the community. George Menninger is one of the many who have done it, but he’s exceptional in his understanding of what he did, as well as his sympathy for his victims. He’ll explain how the bad public policy he exploited not only made him rich, but led to continued poverty, unemployment, and even the recent economic meltdown.
Menninger is a Henry George School volunteer instructor, and this stand-alone session also serves as the introduction to his modern version of Progress & Poverty. After his talk, you may, if you wish, sign up for the five-session course.
Right on the streets of every American community, robbery takes place every working day. You might not realize how much value the people of Chicago (and every other community) create, simply by going about our daily activities. What is this wealth, how do we create it, and where does it go?
Originally conceived as a field trip for Progress & Poverty students, this stroll — about 2 km and 90 minutes — presents some answers for those interested in finding out. Additionally, we’ll take a look at recovered loot of a long-ago theft, learn how Thomas Jefferson would have solved the problem of financing Chicago’s public schools, and see an economic development incentive that costs less than nothing. We might stop for snacks along the way (individual settlement).
Detailed sourced notes will be provided. This is now a free tour, no donation required, although we do appreciate (tax-deductible) contributions from those who can afford it and find the event worthwhile.
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.
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,
This is the second and concluding session for this book, covering parts 4-7.