This encouraged Nekhludoff, and he proceeded to explain the single-tax theory of Henry George.
The single-tax theory of value is that ground-rent automatically absorbs all benefits of progress.
This was not the single-tax, but it was the nearest approach to it under present conditions.
A propaganda like the single-tax will undoubtedly find increasing support among business men.
Mr. George was a man who had made a world-wide reputation for himself as the originator of the single-tax system.