Charles Hall (economist)

Charles Hall (economist)

Charles Hall (1740–1825) was a British physician, social critic and Ricardian socialist who published The Effects of Civilization on the People in European States in 1805, condemning capitalism for its inability to provide for the poor. In the book, Hall argued that inequalities in wealth and the production of luxuries led to the exploitation of the poor, and their suffering. Hall famously claimed that the exploitation of the poor was so severe that they "retained only the product of one hour's work out of eight".

As a remedy for the problems in society, Hall proposed land reform and progressive taxation. His views and economic theory, particularly his views on severe exploitation of the poor, were important to the development of Marxism, and have led many to consider him one of the earliest socialists.

Read more about Charles Hall (economist):  Biography, The Effects of Civilization, Legacy

Famous quotes containing the word hall:

    In football they measure forty-yard sprints. Nobody runs forty yards in basketball. Maybe you run the ninety-four feet of the court; then you stop, not on a dime, but on Miss Liberty’s torch. In football you run over somebody’s face.
    —Donald Hall (b. 1928)