Spencer Heath Archive

Item 1513

Carbon of Heath’s letter from 1295 Richmond Road, Winter Park, Florida, To Edward McCrady, The University of the South, Sewanee, Tennessee.

May 2, 1954

Dear Dr. McCrady:

     Here is a recent critique of mine touching the understanding — and the mis-understanding — of our basic social institution, property in land.

     It is especially aimed to dispel the almost univer­sally accepted concept of “unearned increment” — as though the normal market, real estate or any other, would distribute property or income to non-contributing dis­tributees.

     Like Aristotle’s dictum as to moving bodies, it is based on appearances only and is the key fallacy that for nearly a hundred years has blocked all rational pro­gress in the realm of public affairs.

Cordially,

Thank you for your kind telegram of May first.