unearned increment

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unearned increment

n
(Banking & Finance) a rise in the market value of landed property resulting from general economic factors

un′earned in′crement


n.
the increase in the value of property, esp. land, due to natural causes, as growth of population.
[1870–75]
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.unearned increment - an unearned rise in the market value of property resulting from general market factors
financial gain - the amount of monetary gain
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Now, after making the usual unjust allowance for interest on thirty pounds for twelve years or so that had elapsed, the sale of the picture would have brought me in a profit of over seven hundred and fifty pounds, an unearned increment to which I had no righteous claim.
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He added that 'unearned increments cover the whole field of economic activity'--a statement that could be interpreted as reinforcing George's emphasis on the concept of unearned increment, but might also be interpreted as a criticism of George in that it does not attach the concept exclusively to land (Pantaleoni 1898, pp.
A note on Henry George's concept of value from obligation
He repeatedly declaimed against the unearned increments of urban land, and his emotional accounts of life in the slums of great cities show his deep concern for the urban land problem.
The ups and downs of Henry George
However, from the perspective of the historian of economic thought, the work has an added fascination, because Day, despite adhering to the basic Georgist view on unearned increments, is prepared to differ from the standard Georgist position on some significant issues, so much so that his position might well be described as Neo-Georgist, although Day does not employ that term.
Philip Day. Land: The Elusive Quest for Social Justice, Taxation Reform and a Sustainable Planetary Environment

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