Welfare As An Economic Quantity
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In our eReader you can find the full English version of the book. Read Welfare As An Economic Quantity 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 Welfare As An Economic Quantity
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If technical improvements should come to be more effec- tive in reducing the cost of food and raw materials than of manufactured products, it would be a misfortune. If they should take a turn such that some single standard food could be manufactured cheaply by chemical processes, a situation would arise that would be of all external condi- tions the most unfavorable to a high standard of life. For it can be assumed that human nature would continue to remain what it is and that men would therefo...re continue to need economic props to aid in protecting them from their own primitive impulses. The extensive direct fixation of nitrogen would be less disastrous, for it would not Lavolve less variety in food, since lavish fertilization of the soil would favor the production of many kinds. But it would make many of the important permanent possibilities of satisfaction cost relatively more than at present. Rela- tively cheap food is anything but an unmixed blessing for a people.
An illustration of the effect of relative costs upon choice in consumption and upon the standard of life is to be seen in the character of dwelling-houses in very large cities as compared with those in the country.
What to read after Welfare As An Economic Quantity?
You can find similar books in the "Read Also" column, or choose other free books by George Pendleton Watkins to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
If technical improvements should come to be more effec- tive in reducing the cost of food and raw materials than of manufactured products, it would be a misfortune. If they should take a turn such that some single standard food could be manufactured cheaply by chemical processes, a situation would arise that would be of all external condi- tions the most unfavorable to a high standard of life. For it can be assumed that human nature would continue to remain what it is and that men would therefo...re continue to need economic props to aid in protecting them from their own primitive impulses. The extensive direct fixation of nitrogen would be less disastrous, for it would not Lavolve less variety in food, since lavish fertilization of the soil would favor the production of many kinds. But it would make many of the important permanent possibilities of satisfaction cost relatively more than at present. Rela- tively cheap food is anything but an unmixed blessing for a people.
An illustration of the effect of relative costs upon choice in consumption and upon the standard of life is to be seen in the character of dwelling-houses in very large cities as compared with those in the country.
What to read after Welfare As An Economic Quantity?
You can find similar books in the "Read Also" column, or choose other free books by George Pendleton Watkins to read onlineMoreLess
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