The Unearned Increment: Or, Reaping without Sowing

The Unearned Increment: Or, Reaping without Sowing

Read FREE!

The Unearned Increment: Or, Reaping without Sowing

The Unearned Increment: Or, Reaping without Sowing

Read FREE!

Excerpt

Of making of books on agrarian questions there is no end. As yet, however, it cannot be said that the phase of land-law reform treated of in these pages has received the attention it deserves. "Unearned increment" is an expression which has long figured more or less prominently in the works of Liberal and Socialistic economists, both English and Continental, but it has not yet become a commonplace of polemic. If the present inquiry into the meaning and bearings of this still dignified phrase should take away something of its obscurity for the popular mind, a good purpose will certainly have been served.

It was the complaint of the elder Pliny that great estates were ruining Italy. We have in the United Kingdom a multitude of plethoric domains, and the belief is rapidly growing that their existence is not an unmixed blessing. Yet while we may run no risk, or little, of being ruined by the magnitude of individual estates, very great danger may be apprehended from the magnitude of land-values in this country, so long as, to use the words of John Stuart Mill, "an accession of wealth created by circumstances" is allowed to "become an unearned appendage to the riches of a particular class. . . ."

Author Advanced search

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.