Spencer Heath Archive

Item 2824

Typed notations

No date

 

 

 

 

Ely, Richard T.: Land Policies, 1922

 

Shows at page 110 that from 1850 to 1920, land values in the United States were roughly some 40 percent of total wealth. (This agrees with George Opdyke, cited by Henry George in his earliest publication — that land and other property are about equal in value.)

 

 

 

 

Opdyke, George: Treatise on Political Economy, 1851.

 

Discussed by Henry George (Our Land and Land Policy, p. 109)

“The market value of land is merely the reflection of the value of the productive capital placed upon it and in its immediate vicinity.”