Socialism And Individualism
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In our eReader you can find the full English version of the book. Read Socialism And Individualism Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Socialism And Individualism
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In fact, the worst land would not be cultivated until the price had risen. The process would be as foUows. Suppose the need of the population for wheat were more than satisfied by crops raised from the best available land only. Free competition in wheat-producing would then bring the price down to the labor cost or expenses of production ; and no inferior land would be cultivated. Now suppose an increase of population sufficient to overtax the wheat- supplying capacity of the best land. The sup...ply faUing short of the demand, the price of wheat would rise. When it had risen to the labor cost of production from land one degree inferior to the best, it would be worth while to cultivate that inferior land. When that new source came to be overtaxed by the still growing population, the price would rise again, until it would repay the cost of raising wheat from land yet lower in fertility than the second grade. But these descents would in nowise diminish the fertiUty of the best land, from which wheat could be raised as cheaply as before, in spite of the rise in the price, which would apply to all the wheat in the market, no matter where raised.
What to read after Socialism And Individualism?
You can find similar books in the "Read Also" column, or choose other free books by Lodge Oliver Sir to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
In fact, the worst land would not be cultivated until the price had risen. The process would be as foUows. Suppose the need of the population for wheat were more than satisfied by crops raised from the best available land only. Free competition in wheat-producing would then bring the price down to the labor cost or expenses of production ; and no inferior land would be cultivated. Now suppose an increase of population sufficient to overtax the wheat- supplying capacity of the best land. The sup...ply faUing short of the demand, the price of wheat would rise. When it had risen to the labor cost of production from land one degree inferior to the best, it would be worth while to cultivate that inferior land. When that new source came to be overtaxed by the still growing population, the price would rise again, until it would repay the cost of raising wheat from land yet lower in fertility than the second grade. But these descents would in nowise diminish the fertiUty of the best land, from which wheat could be raised as cheaply as before, in spite of the rise in the price, which would apply to all the wheat in the market, no matter where raised.
What to read after Socialism And Individualism?
You can find similar books in the "Read Also" column, or choose other free books by Lodge Oliver Sir to read onlineMoreLess
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