An Economics Classic and Plutology

Henry George's Progress and Poverty, published a century ago, laid the foundation for a theory that attracted a worldwide following. He emphasized that political economy investigates the way a community produces wealth and the proportions in which that wealth will be distributed between individuals. In our day that has been called 'plutology', a subdiscipline of political economy. Many of George's critics, then and now, act as apologists of the status quo, in society and in the academy. But the science's purview must be broader than plutology. Economics, to be relevant, must be useful in the solution of economic and social problems. In redirecting economists to their basic responsibility, George made a lasting contribution to economic science. He also was a perennial influence on economic scholar, even on some of his most antagonistic critics. But George is neglected because his doctrines were and are a threat to various establishments. However, by force of logic and through clarity of expression, he is a goad to the consciences of all folk of good will

CLARITY · Environmental ethics · George (robot) · Political economy · Political science · Politics · Poverty · Sociology · Status quo · Economic Theory and Institutions · Economic Theory and Policy · History · Law · Philosophy