Georgist Economics

Georgist economics is a socio-economic philosophy based on the ideas of Henry George, emphasizing the importance of land as a common resource. It argues that while individuals can own the products of their labor, the value of land itself should belong to the community since land is a finite resource. To address inequality and encourage efficient land use, Georgists advocate for a single tax on land value, rather than on income or goods. This approach aims to reduce speculation, promote fair access to land, and generate public revenue while fostering economic growth and social equity.