Which brings us to extend the study of James Tobin, about his famous charge for currency transactions. H enry George discusses the economic realities of his era, the last half century XIX. Part of watching a society increasingly rich and prosperous also increases poverty. What is considered unbelievable. Little more than a century later we can read the statements by the director of Chase Manhattan Bank, USA. UU. A related site: Paul Ostling mentions similar findings. David Rockefeller: "poverty is the great absurdity of the current economic system." a ste American banker suggests that poverty can not be avoided handing out money, but at the same time developing personal benefits while social.
The question is how to do more when the model of creating jobs for the distribution of wealth is exhausted. This question that George wanted to give an answer. He noted that the technology and science increased work efficiency, especially at the beginning the use of steam and electricity. GEORGES G discusses how capital relates to salary and criticism in this respect, several theories, including that of Adam Smith. Studies processes of emerging economies, as happened in his time at United.
UU. I will discuss only his conclusion, that wealth is not just a relationship between wages and capital, but intervenes income, which is eventually going to absorb some of the work product. Notes, this author, that the benefits of progress will stop, ultimately, upon the hands of the landowners. providing an idea that I find very interesting, in that the pyramid of production rests on the ground, so that the relationship of supply and demand of production will affect the speculative increase income or land value, which means as a way to tax the owner to capital and labor.