A Theory of Economic Justice
Session 4

2022-10-03 6:30 pm - 8:00 pm
Henry George School of Social Science
Phone:(212) 889-8020
Address: 149 East 38th Street, New York, NY 10016

A THEORY OF ECONOMIC JUSTICE

What does prosperity have to do with economic justice? Join us to explore the connections.

When natural opportunities become scarce, a rule for allocating them becomes necessary. After considering alternatives, the course develops the case for an equal division of the rent from natural opportunities, then examines the issue of how rent would be assessed. Rent is then divided into portions generated by nature, by infrastructure and by nearby private development, with a different allocation for each.

The framework of justice for natural opportunities is shown to have a natural counterpart in a theory of a just monetary system. Adding an international dimension, the course deals with payments among nations to compensate for inequalities in per capita natural opportunities, with a global system for managing climate-warming activities, with secession, and with refugees. Finally, the course addresses the question of how the conception of justice advanced by the course might be achieved.

The instructor, Nicolaus Tideman is a Professor of Economics at Virginia Tech.  He received his bachelor’s degree from Reed College in 1965 and his Ph.D. from the University of Chicago in 1969.  From 1969 to 1973 he was Assistant Professor of Economics at Harvard University.  In 1970-71 he served as Senior Staff Economist at the President’s Council of Economic Advisors.  He has also served as a consultant at the Bureau of the Budget (predecessor to the Office of Management and Budget) and at the Office of Tax Analysis in the Department of the Treasury.  He has been at Virginia Tech since 1973, as a post-doctoral fellow, Associate Professor, and Professor since 1985.  He has published over 100 professional articles and the book, Collective Decisions and Voting: The Potential for Public Choice.

Dates: Part 1 – Mondays: 9/12, 9/19, 9/26, 10/3, 10/17, 10/24, 11/7; from 6:30PM to 8:00PM EDT

Part 2 – TBA

Note: This is an online event. Access information will be made available after registration.

REGISTER NOW

A link to join the online course will be provided via email before the start of the first session.

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    REGISTER NOW

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    REGISTER NOW

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    From an Aristocratic to a Democratic Worldview: The Potential Transformation of Environmental Economics by Georgism

    The environmental perspective arose in Europe out of an aristocratic background, and it continues to be swayed by that history. From Thomas Malthus, economics inherited a very strong sense of the scarcity of nature. Since common lands in England were under the control of aristocrats, they considered it their mission to preserve nature for the enjoyment of future generations of aristocratic families. Almost every nature program on television promotes this worldview of pristine nature being damaged by the activities of common people and being preserved by the nobility. The story of Robin Hood emerged as a counter-narrative, but the economics profession turned it into a morality lesson that celebrates the sheriff of Nottingham.

    This 10-session course will examine how the aristocratic perspective persists as the shadow side of environmental economics in its treatment of common property, the valuation of natural goods, the treatment of people as costs or sources of destruction, an urban bias that denigrates rural life, an indifference to both equity and efficiency, and the critique of economic growth. The course will also analyze how Georgism can serve as the antidote by democratizing claims to nature. The course will further highlight the work of early thinkers like Aldo Leopold and their perception of nature as something of intrinsic value that transcends human ambitions.

    The instructor, Clifford Cobb is the thematic editor of the American Journal of Economics and Sociology. He is best known as the developer of the Genuine Progress Indicator, published by the San Francisco organization, Redefining Progress.

    Dates: Mondays – 3/03, 3/10, 3/17, 3/24, 3/31, 4/07, 4/14, 4/28, 5/12, 5/19

    Time: 6:30 PM – 8:00 PM ET

    Location: Online via Zoom

    Note: This is an online event. After registration, the Zoom link, along with the Meeting ID and Passcode, will be provided via email the day of each session.

    REGISTER NOW

  • 2025-05-19 6:30 pm - 2025-05-19 8:00 pm

    From an Aristocratic to a Democratic Worldview: The Potential Transformation of Environmental Economics by Georgism

    The environmental perspective arose in Europe out of an aristocratic background, and it continues to be swayed by that history. From Thomas Malthus, economics inherited a very strong sense of the scarcity of nature. Since common lands in England were under the control of aristocrats, they considered it their mission to preserve nature for the enjoyment of future generations of aristocratic families. Almost every nature program on television promotes this worldview of pristine nature being damaged by the activities of common people and being preserved by the nobility. The story of Robin Hood emerged as a counter-narrative, but the economics profession turned it into a morality lesson that celebrates the sheriff of Nottingham.

    This 10-session course will examine how the aristocratic perspective persists as the shadow side of environmental economics in its treatment of common property, the valuation of natural goods, the treatment of people as costs or sources of destruction, an urban bias that denigrates rural life, an indifference to both equity and efficiency, and the critique of economic growth. The course will also analyze how Georgism can serve as the antidote by democratizing claims to nature. The course will further highlight the work of early thinkers like Aldo Leopold and their perception of nature as something of intrinsic value that transcends human ambitions.

    The instructor, Clifford Cobb is the thematic editor of the American Journal of Economics and Sociology. He is best known as the developer of the Genuine Progress Indicator, published by the San Francisco organization, Redefining Progress.

    Dates: Mondays – 3/03, 3/10, 3/17, 3/24, 3/31, 4/07, 4/14, 4/28, 5/12, 5/19

    Time: 6:30 PM – 8:00 PM ET

    Location: Online via Zoom

    Note: This is an online event. After registration, the Zoom link, along with the Meeting ID and Passcode, will be provided via email the day of each session.

    REGISTER NOW