Compute and Poverty

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Theme

The argument in ten steps
The short path
Memorable lines
Capitalist or socialist?
The land value tax, explained
Objections, answered
Dedication
Preface to Fourth Edition
Introductory, short path stop 1
I Wages and Capital
II Population and Subsistence
III The Laws of Distribution, has chapters on the short path
IV Effect of Material Progress upon the Distribution of Wealth, has chapters on the short path
V The Problem Solved, has chapters on the short path
VI The Remedy, has chapters on the short path
VII Justice of the Remedy, has chapters on the short path
VIII Application of the Remedy, has chapters on the short path
IX Effects of the Remedy, has chapters on the short path
X The Law of Human Progress, has chapters on the short path
Conclusion

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Book I Wages and Capital

In brief Editor’s summary, not George’s text

Shows that wages are produced by labor, not drawn from capital, which removes the standard explanation of poverty.

George takes the leading explanation of low wages, that they depend on the ratio of capital to laborers, and tests it against facts and definitions. He concludes that wages come from the product of labor and that capital only assists production. Poverty therefore cannot be blamed on too little capital or too many workers.

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16

He that is to follow philosophy must be a freeman in mind.
—Ptolemy.

Chapter I The Current Doctrine of Wages—Its Insufficiency
Chapter II The Meaning of the Terms
Chapter III Wages Not Drawn from Capital, but Produced by the Labor
Chapter IV The Maintenance of Laborers Not Drawn from Capital
Chapter V The Real Functions of Capital

Previous Introductory Next Book I, Chapter I: The Current Doctrine of Wages—Its Insufficiency

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Start here Essays The land value tax Objections, answered The corruption of economics Ten steps Contents Key terms Index Search Feed

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Progress and Poverty by Henry George (1879) is in the public domain. About this edition