What was the economic philosophy inspired by Henry George called?
Marxism
Capitalism
Socialism
Georgism
Answer
Georgism is an economic philosophy that is based on the idea that all land is owned by the community and that the value of land should be shared by everyone. It was inspired by the writings of Henry George, an American economist and social reformer who wrote extensively about the problem of land monopoly.
Discovering the Legacy of Henry George: Test your Knowledge on the American Political Economist
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