Henry George and Social Theory: Part II, Consequences of Inattention to His Contributions

In: The American journal of economics and sociology, Volume 54, Issue 2, p. 249-256

Abstract

Abstract. It was contended in Part 1 (in the January, 1995 issue) that Henry George should be recognized as an original American social theorist. He was a pioneering postmodern contributor to social theory who criticized the linear idea of progress and anticipated Durkheim's concept of the "collective consciousness."He recognized the fateful consequences of the separation of political economy into "economics" and "sociology." These include the loss of moral considerations from political economy, and the rise of a sociology that culminates in the proliferation of meaningless abstractions because it is premised on amoral economic assumptions. His theory of speculative land value as the cause of civilizations decline is recapitulated and shown in a larger context. The congruence between the concerns and conceptions of George and Weber is detailed.Part II concludes by tracing the tragic consequences for modern American social theory, from Spencer to Parsons, that result from confusing the value of commodities with the value of land, of private wealth with social value.