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- Title
29 Hayek: “Almost Persuaded”.
- Authors
Andelson, Robert V.
- Abstract
This article focuses on the objection of economist Frederich August von Hayek to the single tax proposal of Henry George. This objection constitutes a superficially formidable argument that the defenders of Georgism seem almost wholly to have neglected. The reason for this neglect is probably threefold: First, the argument is readily overlooked, occupying, as it does, a single paragraph in a book of more than 500 pages. Second, it is easily confused with a different argument, one that has been widely, and to the satisfaction of probably all Georgists, conclusively, refuted. Third, it is expressed following a technically inaccurate definition on Hayek's part of the model to which his objection is directed. However, the validity of his objection does not depend upon the accuracy of his definition, and his argument calls for a scholarly rejoinder, not merely in view of its author's towering prestige, but due to the fact that, once disentangled from its flawed context and correctly understood, it seems at first blush compelling on its merits. Theoretically, however, the objection would appear to undercut the system's elegance. The clear division between mine, thine, and ours, which makes the Georgist paradigm so morally appealing, now looks like rhetorical hyperbole.
- Subjects
HAYEK, Friedrich A. von (Friedrich August), 1899-1992; GEORGE, Henry, 1839-1897; SINGLE tax; LAND value taxation; ECONOMICS
- Publication
American Journal of Economics & Sociology, 2004, Vol 63, Issue 2, p433
- ISSN
0002-9246
- Publication type
Article
- DOI
10.1111/j.1536-7150.2004.00296.x