In this view, wealth is a pool upon which people can draw, and the efficiency gained by individuals cooperating in the productive process is known as the "unearned increment of association"--historic accumulations of which constitute what Douglas called the cultural heritage.
In this view, wealth is a pool upon which people can draw, and money becomes a ticketing system. The efficiency gained by individuals cooperating in the productive process was coined by Douglas as the "unearned increment of association"--historic accumulations of which constitute what Douglas called the cultural heritage.