The library of the Economic Club includes some historical texts and original copies of Henry George's work. Anyone conductiong research in the area of land value taxation who would like to have access to these works, please contact the Economic Club of San Francisco via email at info@economicclubsf.com or by writing to the club, ATTN: I. Bischoff, 540 Arballo Drive, San Francisco, CA 94132.
Suggested Reading List
The reading list below is comprised of books which deal with subjects in a way that allows an understanding of political economy from a larger perspective. The term Political Economy refers to the organization of society, i.e. the rules which govern personal conduct and the way which individual rights are secured on one hand, and on the other hand, it refers to the activities of families and other groups to secure their existence and their procreation. Thus, the study of Political Economy draws upon the discipline of Sociology, Political Science, Anthropology, Psychology, History, Economics (study of production and markets), Law, Human Geography, Ecology, International Relations and Cultural studies.
The book list and resources suggested by the Economic Club of San Francisco are chosen to provide for the reader a logical and coherent picture of Political Economy which relates to every day reality.
Book List
Internet Resources
http://commoneconomicsense.blogspot.com
http://cepa.newschool.edu/het/home.htm
http://www.wimp.com/thegovernment
www.masongaffney.org/essays.html
http://www.lips-institute.ch
http://www.restorefederalism.org/
Definitions and Axioms
ECONOMIC AXIOMS
1. Man seeks to gratify his desires with the least amount of exertion.
2. Man’s desires are unlimited.
3. Man hoards consciously and systematically.
ECONOMIC DEFINITIONS
POLITICAL ECONOMY: The science which treats the nature of wealth and the natural laws governing its production and distribution.
WEALTH: Any material thing with exchange value, the result of labor applied on or to land.
MONEY: That kind of wealth which has a constant or nearly constant marginal utility.
CURRENCY: A medium of exchange in the form of money or other wealth, or in the form of redeemable or irredeemable notes.
INCOME: Rent, Wages and/or Interest received in the form of money or other currency.
PRODUCTION: The process of increasing the capacity of wealth to satisfy human desires.
FACTORS OF PRODUCTION
LAND: All the natural universe except man and wealth.
LABOR: All human exertion in the production of wealth.
CAPITAL: Wealth used in production.
DISTRIBUTION: The assignment of ownership in the wealth produced.
AVENUES OF DISTRIBUTION
RENT: The landowner’s share of the wealth produced.
WAGES: The laborer’s share of the wealth produced.
INTEREST: The capitalist’s income which exchanges for a unit of wealth.
LAWS OF DISTRIBUTION
LAW OF RENT: The rent of land is determined by the excess of its produce over that which the same application can secure from the least productive land in use.
LAW OF WAGES: Wages depend upon the margin of production. (The most productive land obtainable without the payment of rent).
LAW OF INTEREST: Economic interest depends upon the willingness to exchange wealth for income and/or to exchange income for wealth.
CONSUMPTION: Any use made of wealth which lessens its capacity to satisfy human desire. (The opposite of production).