Henry George: The Economist as Moralist*

Abstract . Henry George derived his economic theory from his personal experience. He had the good fortune to be living in California during his formative years; there the economic events which transpired during the settlement of the North American continent—the passing of the frontier and its consequences—occurred within a time span of a few years and the telescoping of history gave him the framework for an original economic system, as well as a utopian vision of a free society. Much attention has properly been paid to George's economic ideas but he was also a moralist, one accepted by some philosophers as among the greatest. This aspect of his work, and particularly his value theory, have been neglected.     

CORPORATE CULTURE AND MORALITY: DURKHEIM-INSPIRED REFLECTIONS ON THE LIMITS OF CORPORATE CULTURE

In the May 1986 issue of Journal of Management Studies, Ray argued that Corporate Culture protagonists have stumbled upon the central ideas of the classical sociologist Durkheim, especially those concerning morality. However, this article demonstrates important differences between corporate culture discourse and the Durkheimian concept of morality. Durkheim's views on moral autonomy, his diagnosis of the problematic nature of modern utilitarian values and his insistence on society as the source and the goal of morality are applied as a frame of reference that allows an identification, analysis and discussion of problematic assumptions about man, organization and society in corporate culture discourses. On this basis, the article discusses the relatively limited fulfilment of the promises issued by corporate culture protagonists, which can be observed by reflecting on the past decade, as well as some alternative ideas for organizational culture practitioners and researchers.     

Some Determinants of Property Crime: Economic Factors Influence Criminal Behavior But Cannot Completely Explain the Syndrome

Abstract . An empirical analysis of the property crimes, robbery, burglary and larceny, is presented for all 120 counties in Kentucky. While this analysis is based on an economic model of crime, certain sociological and legal variables are included as well in the system of equations. Overall, the empirical results support prior studies’findings with the exception that a quadratic relationship is found to exist between urbanization and each of the property crimes. Furthermore, neither the economic nor the non economic influences measured appear more important for affecting crime rates. Specifically, results indicate that the level of poverty, the degree of tourism, the presence of police, the unemployment rate and the apprehension rate all affect property crimes. In contrast, the length of sentence, the degree of industrialization, the level of public assistance payments and the proportion of youth in the county have no affect on property crime rates in these areas.     

Accounting and Business Economics in Spain

Economía de la Empresa (Business Economics) emerged in Spain as a distinct academic discipline in the second half of the twentieth century. In its early years, Business Economics shared common influences with Accounting, particularly ideas and theories acquired from the translation of Italian and German works on Economia Aziendale and Betriebswirtschaftslehre. However, partly because of the institutional structure of Spanish universities, the two disciplines moved apart. During the Franco regime, Spanish accounting research was quite isolated, and with the return of democracy and the move towards greater European involvement much research was devoted to issues of financial accounting harmonization and standardization. This normative research was of little interest to Business Economics researchers, who were developing analytical approaches grounded in economic theory. More recently, academics working in the two disciplines have drawn on a wider range of theoretical approaches, from empirical studies to behavioural and organizational theory and institutional economics based on agency theory and transaction cost analysis. At present, the disciplines ‘walk separately down the same road’, but the new generation of researchers has the opportunity to bring Accounting and Business Economics closer together from an intellectual and scientific point of view.     

Henry George on Chattel and Wage Slavery: The American Social Philosopher Condemned Both Forms as Immoral, Irrational Denials of Equality

Abstract . In the writings of Henry George two types of slavery are mentioned: chattel (human) and industrial (economic), or wage slavery. Greater attention is paid to the latter than to the former. In fact, chattel slavery was typically referred to only as an example or analogy in the analysis of issues that were of more fundamental concern to George: wealth, property, land, etc. Nonetheless it is possible to construct from these references a remarkably comprehensive critique of human servitude on three levels: practical, economic, and philosphicotheological. Practically, chattel slavery is inefficient and a hindrance to technological discovery and production. Economically, it does not increase the wealth of the political economy, the “Greater Leviathan.” Philosophico-theologically, it denies the natural equality of human beings, and is based on erroneous assumptions concerning the rightful basis and nature of property. Economic (industrial) or wage slavery is worse, however. Chattel slavery is a dead or dying institution as George writes, whereas the more cruel and relentless industrial servitude is alive and growing.     

Tourism, Vacation Home Development and Residential Tax Burden:

Abstract . Differences in property tax rates among communities within a regional economy are a source of inefficiency and inequity. Less developed rural areas where natural amenities exist have often attempted to use the tourist industry as a means of importing economic development. Promoters of vacation home development argue that the impact on the local tax base is positive. However, the quantitative research in this paper indicates that under certain circumstances, vacation home development has the effect of increasing the tax burden on residential property.     

WHY EUROPE? A CRITIQUE OF INSTITUTIONALIST AND CULTURALIST ECONOMICS

Abstract Economists have recently started to discuss the roles of institutions and cultural beliefs in explaining the performance of civilizations. This paper investigates two views, ‘institutionalist economics’ and ‘culturalist economics’, with regard to the question of why Europe rose economically a few centuries ago, while other regions of the world lagged behind. These two views share a common platform raised on two pillars. First, both regard institutions/beliefs as extra‐economic – as primordial entities that ultimately stand independent of economic performance. Second, both regard economic performance as fully determined by institutions/beliefs – i.e. normative causality in the sense that institutions/beliefs determine performance. Douglass North's (2005) analysis of economic performance, for example, is based on both pillars. Concerning the primordial pillar, he attributes ‘the mystery’ of the rise of Europe to primordial beliefs, viz. ‘Christian dogma’ and English ‘individualism’. Concerning the normative pillar, he presumes that such beliefs have almost one‐to‐one correspondence with economic performance. This paper, though, maintains that the two pillars (primordial analysis and normative causality) are rather fragile: Advocates of the first pillar fail to recognize that institutions/beliefs are endogenous. Advocates of the second pillar fail to recognize that institutions/beliefs can give rise to diverse economic performances.     

The Male-Female Comparable Worth Debate: Alternative Economics Perspectives on an Issue That Cuts Across the Social Sciences

Abstract . Writers and speakers on the “comparable worth” or “pay equity” issue refer to “the economic view” but there is no such consensus. Three major paradigms exist in labor economics, the neoclassical, the “radical” or Marxian or Neomarxian, and the institutional Each differs in philosophical orientation, employs different analytical methods, and leads to different policy implications. On the issue of pay equity for women their views are contrasted; differences center on how successfully the market extends full options of choice. The analysis indicates that incremental advances in the direction of pay equity are to be expected, given present incentives in the private sector and less economic constraints in the public sector, provided women continue economic, legal, and political pressure. Surveying The Literature on the comparable worth or pay equity debate, one often encounters reference to the economic view. In reality however, three major paradigms exist in labor economics today; the prevailing neoclassical paradigm, the radical or Marxian view, and the institutional approach. While the three can be viewed as sharing common objectives (to describe, to predict, and to prescribe) they approach issues from different philosophical frameworks, employ different analytical tools, and lead to very different policy implications. Examining the pay equity issue from the perspectives of the three paradigms suggests different insights into the issue than that usually labelled the economic view.     

Translating Space: the Politics of Ruins,the Remote and Peripheral Places

This essay surveys recent artistic, literary and philosophical treatments of landscape that use metaphors of ruination, remoteness and the periphery. The discussion primarily focuses on Patrick Keiller's recent works, particularly his film Robinson in Ruins, the account of remote spaces in Paul Farley and Michael Symmons Roberts' book Edgelands, and a collection of essays by Stavros Stavrides on peripheral urban spaces, Towards the City of Thresholds. These treatments of landscape offer an attention to the social significance of spaces overlooked within wider cultural representations of place. It is suggested that all three illustrate the argument that mundane spaces can be read and translated into politicized landscapes offering alternative readings of past events, as well as potential directions for future forms of sociality.     

1900-1920年外国戏剧作品译改述略

1900-1920年,西方文化及观念大量传入中国,掀起了翻译外国文学作品的高潮,编译外国戏剧作品也是其中之一。内容上,初期的编译戏剧作品情节与中国传统戏剧相似,但也有作品保持原著的风格。从原著来源看,编译作品所涉国家众多,并受部分国家影响较大。从编译者来看,当时的许多编译者不仅译编戏剧作品,也涉足其他文学领域。     

Human Work in Catholic Social Thought

In Catholic Social Thought, work is at the center of issues related to morality and economic life. It is simultaneously objective and subjective. Workers are the real agents of production, and therefore labor should have priority over capital. The able‐bodied have a moral obligation to work to obtain the things they need, but everyone has a claim on the basic necessities of life. Hence the property claims of the well‐to‐do are not to exclude the poor from what they need. The property‐right claim of stockholders depends on the firm serving work and the interests of workers. In unions, workers' natural right to form associations aligns with the right to participate in decisions affecting their lives. Numerous groups and organizations have some degree of complicity in workplace injustice and some degree of responsibility to address it.     

Legal Technologies of Primitive Accumulation: Judicial Robbery and Dispossession‐by‐Restitution in Warsaw

Among the ‘extra‐economic means’ that facilitate primitive accumulation, or accumulation by dispossession, the law plays a prominent role. But works on neoliberal urban restructuring rarely engage with concrete legal technologies. Analysing judicial property restitution (‘reprivatization’) in Warsaw, this article grasps the machine of accumulation by dispossession at a moment of faltering and exposes the distinctive legal technologies behind its troubleshooting. It makes three contributions to critical urban studies. First, it demonstrates how judicial systems can steal political conflicts that obstruct the cycle of accumulation by dispossession. It thus introduces the notion of ‘judicial robbery’, a non‐legislated expropriation of common property through judicial engineering that simultaneously deprives the public of political agency. Second, it shows that seemingly neutral legal technicalities, usually sheltered from political debate, can become a key locus of urban politics. Third, it examines the agency, scope and spatial patterns of ‘dispossession by restitution’, the term I use for a locally specific form of accumulation by dispossession in Warsaw. Lastly, I raise the question of political struggle against primitive accumulation. Is the judicial robbery reversible? If we can reclaim property, can we also reclaim political conflicts that have been stolen by the law?     

Henry George and Europe

Abstract . Henry George's land reform ideas became known in Germany not through his writing or speaking but through the efforts of Michael Flürscheim, an industrialist and pioneer social reformer, who first presented those ideas to the public. The American's idea that the land value tax was the only legitimate source of government revenue as the only economic surplus had found no acceptance among German socialist leaders. It was a capitalist, Flürscheim, who was inspired by George's theories and wrote and spoke about them. Flürscheim brought about the foundation of the first German land reform organization. Though it failed, a successor became the largest such association in the world.     

Nash implementation with an infinite-dimensional trade space

This paper deals with the problem of implementing the Walras correspondence via Nash equilibria, in exchange economies with infinitely many commodities and finitely many households with possibly non-ordered preferences. We explicitly construct a feasible mechanism enjoying some features, which have natural economic meanings. Under a fairly weak boundary condition, this game fully implements the Walras equilibria. If this condition is not fulfilled, our mechanism nevertheless implements the constrained Walras equilibria. Received: 11 December 2003, Accepted: 29 July 2005 JEL Classification: D41, D43, D51 We thank (without implicating) Prof. Jean-Marc Bonnisseau and Cuong Le Van for helpful comments. The views expressed in this paper reflect those of the authors and not necessarily those of Calyon.     

Henry George and the Classical Scientific Research Program: George's Modification of It and His Real Significance for Future Generations

Abstract . Henry George's revision of classical economics was based on a new “hard core” assumption linking efficiency, equity, and social welfare to a revised concept of property rights in land. However, rather than create new core supporting “protective belt” theories, George either accepted or, when necessary, modified existing classical theories especially those which threatened his new hard core, for example, classical “wages-fund” theory. Consequently, George's adaptation of the Ricardian “stationary state” model was less accurate than mainstream classical economics in its predictions concerning the behavior of the distributive shares of income over time, and the effects of technological change on economic growth and economic welfare. Without its own protective belt, George's classicism became a special case of classical economics whose value, nevertheless, existed in its effective criticism of classical property rights theory.     

Towards an Ontology of Intellectual Property:

A bstract . Many world views and complicated laws within a society have evolved from simpler forms. In general, this process works well. However, on occasion the original basis, no matter how well it worked at inception, does not work well in later, more complex, or different societies. One such case is that of the current law of intellectual property, which does not seem to adapt well to the introduction of new technologies. This paper explores this problem and its causes, and then proposes some possible changes that might, with minimal disruption, minimize many of these difficulties in the future.     

Public Choice and Land Tax Fairness

Land value taxation (LVT) as desirable U.S. tax policy was brilliantly set forth by the American publicist and economist, Henry George, in the book Progress and Poverty, published 100 years ago. Economists concerned with state and local taxation have generally accepted the basic elements of George's analysis. The absence of substantial LVT legislation despite the economic efficiency and ethical strengths of land as a tax base arises from two sources. First, the public perception of land has not separated land's attributes from those possessed by other property. Second, land ownership data have not been gathered and publicized. Groups favoring taxes that promote economic justice and efficiency should support efforts to develop land ownership data. It would be an important first step toward fully utilizing the potential of LVT.     

Henry George's Thought in Relation to Modern Economics

Abstract . Henry George's influence on economic thought has been neglected although his readers included Clark, Marshall, Hobson, Commons, Lerner and Böhm-Bawerk and his ideas provoked thought and discussion, Clark made clear that George stimulated him to develop his marginal productivity theory. But the 19th century American theorist affected or touched upon the neoclassical concept of capital, the theory of externality, the neoclassical versus the classical concept of monopoly; the entitlements approach to distributive justice; the burden of debt and other transfer incomes and capital formation and the theory of expectations. George's influence is wider than generally recognized. The last of the classical economists, he wrote in high Victorian prose about some very modern problems.     

Henry George and the Classical Scientific Research Program: The Economics of Republican Millennialism

Abstract . Henry George's classicism was evident in his acceptance of “hard core” assumptions inherent in classical economic analysis, notably that rational self-interested behavior exercise in competitive markets maximized economic welfare. However, George's “stage theory,” the “Law of Human Progress,” led him to reject the classical nexus between social and economic welfare. The emergence of an exchange economy improved efficiency and economic welfare, but institutional changes lagged behind, particularly the redefinition of property rights. Consequently, economic growth based on land as a private rather than public good widened the gap between economic efficiency and social welfare. Hence George's paradox of poverty amidst progress. George resolved the equity efficiency conflict by treating land as a public good. Then, the sale of monopoly rights to land through the “single tax” on land rents captured the difference between the private and social costs of land use.     

EMERGENT COMPLEXITY IN AGENT‐BASED COMPUTATIONAL ECONOMICS

Abstract In this paper, we shall review two kinds of emergent complexity in agent‐based computational economics (ACE). The first kind is based on the complex systems initiated in the 1980s or even earlier by mathematicians and physicists, whereas the second kind is based on the idea of complex adaptive systems composed of autonomous agents, for which many representative works have been collected in Rosser. For the latter, we shall go further to examine the two elements which have just recently been incorporated in agent‐based economic modelling, namely, intelligence and modularity. This augmentation leads to the development of neurocognitive software agents, which can guide the generation and direction of future ACE studies with a multistage ‘brain/behaviour‐to‐emergency‐to‐brain/behaviour’ approach.