Henry George, American journalist, philosopher, and economist (b. 1839)
Henry George (September 2, 1839 – October 29, 1897) was an American political economist and journalist. His writing was immensely popular in 19th-century America and sparked several reform movements of the Progressive Era. He inspired the economic philosophy known as Georgism, the belief that people should own the value they produce themselves, but that the economic value derived from land (including natural resources) should belong equally to all members of society. George famously argued that a single tax on land values would create a more productive and just society.
His most famous work Progress and Poverty (1879) sold millions of copies worldwide. The treatise investigates the paradox of increasing inequality and poverty amid economic and technological progress, the business cycle with its cyclic nature of industrialized economies, and the use of rent capture such as land value tax and other anti-monopoly reforms as a remedy for these and other social problems. Other works by George defended free trade, the secret ballot, and public ownership of certain natural monopolies.
A journalist for many years, the popularity of his writing and speeches brought him to run for election as Mayor of New York City in 1886 as the United Labor Party nominee and in 1897 as the Jefferson Democracy Party nominee, receiving 31 percent and 4 percent of the vote respectively and finishing ahead of former New York State Assembly Minority Leader Theodore Roosevelt in the first race. After his death during the second campaign, his ideas were carried forward by organizations and political leaders through the United States and other Anglophone countries. The mid-20th century labor economist and journalist George Soule wrote that George was by far "the most famous American economic writer" and "author of a book which probably had a larger world-wide circulation than any other work on economics ever written."
1897Oct, 29
Henry George
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Events on 1897
- 22Jun
Chapekar brothers
British colonial officers Charles Walter Rand and Lt. Charles Egerton Ayerst are assassinated in Pune, Maharashtra, India by the Chapekar brothers and Mahadeo Vinayak Ranade, who are later caught and hanged. - 26Jul
Siege of Malakand
Anglo-Afghan War: The Pashtun fakir Saidullah leads an army of more than 10,000 to begin a siege of the British garrison in the Malakand Agency of the North West Frontier Province of India. - 2Aug
Siege of Malakand
Anglo-Afghan War: The Siege of Malakand ends when a relief column is able to reach the British garrison in the Malakand states. - 31Aug
Kinetoscope
Thomas Edison patents the Kinetoscope, the first movie projector. - 12Sep
Battle of Saragarhi
Tirah Campaign: Battle of Saragarhi.