Just as humanity saw the first glimmer of the hope of universal human prosperity, prevailing ruling-class opinion turned against the idea and pushed a host of nostrums to stop it from happening. Here was where Henry George made the difference. He entered into this milieu with a powerful message: prosperity for the entire world is possible provided we keep pushing out the boundaries of freedom, provide no privilege to any single class, we fix the problems that are keeping people in poverty, we address the underlying cause of the boom-bust cycle, and continue to innovate and trade.
What is the best way to ensure fairness and free competition in our economy? Many people believe that a large government that actively regulates the private sector will prevent large corporations from achieving undue market power. But this view ignores the concept of rent-seeking.
Vol. XLVI, no. 3 | March, 2006
Vol. XLII, no. 3 | March, 2002
by C. Lowell Harriss
This article, which is based on a paper presented before the Henry George Institute, originally appeared in the July 1989 issue of The American Journal of Economics and Sociology.
This edition of this publication is not currently available in digital format.
Economic Education Bulletin
Vol. XXXV, no. 3 | March, 1995
by Dr. Robert A. Gilmour