Lesson 6: Land and Justice - Henry George's Remedy

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1. What is the world's most valuable natural resource? How does this clarify our understanding of the concept of economic value? (7 pts.)

2. How is land ownership essentially different in "first world" and "less developed" countries? (7 pts.)

3. Why have traditional "land reform" programs been ineffective? (7 pts.)

4. What are the two major criteria by which economists judge policies? Why are these two goals commonly seen as being opposed to each other? (7 pts.)

5. People would think you were out of your mind if you bought land (7 pts.)

6. How does land acquire market value? (7 pts.)

7. What is the difference between land tenure and land ownership? Why should secure tenure to land be guaranteed? (7 pts.)

8. How does the legal controversy over "takings" illustrate a conflict in our society's conception of land ownership? (8 pts.)

9. Name at least three common actions of government that affect land values. (7 pts.)

10. What is the significance of the document the young mother is holding? (7 pts.)

11. In Henry George's view, what forces led societies to reject their original perceptions of common rights to land? (7 pts.)

12. How did the feudal system partially recognize the fact that land is common property? (7 pts.)

13. How did the emphasis on personal liberty in modern societies reinforce the institution of individual private property in land? (7 pts.)

14. Why do you think the principles discussed in this lesson are not more widely understood? (8 pts.)

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