Uncover the fallacies behind Henry George’s wage theory and explore concrete remedies for today’s economy.
This classic and sometimes provocative study surveys the arguments around wages, capital, and land. It traces why some theories fail to match real-world labor markets and why the balance between capital and labor matters for society’s peace and progress. The author presents practical remedies, including limits on wealth and land, a graduated tax system, and a minimum wage framework, all aimed at tempering greed and protecting workers without sacrificing growth.
Designed for readers who want a grounded, accessible critique of economic ideas, this edition frames the debate with clear examples and a focus on policy that could change how wealth and opportunity are distributed.
- Examination of wage theory and why wages are not simply a gift but a reward for past work
- Discussion of how capital, labor, and land interact in modern economies
- Proposed remedies: wealth limits, graduated taxation, landholding caps, and a wage floor
Ideal for readers of economic history and policy who seek a thoughtful, historically rooted critique of distribution and taxation.