Elementary Economics

Cover Elementary Economics
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In order to be an economic success, forestry must obviously be practiced on land which would produce a greater value at lower cost when planted to trees than when planted to anything else. Mountainous and semimountainous lands, stony or swampy lands, and lands which for other reasons are unsuited to tillage or pasturage furnish the natural opportunity for the practice of forestry on a large scale.
While the annual product in the form of the annual timber growth is small, the cost is likewise sm
...all. Since such land would other- wise go to waste altogether, it is better to get even a small product than none at all.
Scientific forestry. In recent years the federal government and several of the states have created forest reserves. Scientific forestry is being practiced, but it must be remembered that scien- tific forestry in this country is necessarily different from what it is in old countries. In a country where lumber is still cheap, as compared with other countries, and where labor is dear as it is in this country, one cannot do in the name of science what one can do in an old country, where lumber is dear and labor cheap.


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