Agricultural pricesWallace, Henry A. (Henry Agard)
Science
Agricultural prices
Wallace, Henry A. (Henry Agard)
Agriculture -- Statistics; Farm produce; Prices
Is there not a possibility that capital, laborers and farmers, by
placing themselves in equally powerful bargaining positions, may come to
see the futility of sabotage as a price-sustaining force? Once farmers
are able to meet the other classes of society on equal terms, all three
classes ought to unite on production as the source of profit, rather
than on clever bargaining. This involves close-knit organizations of
both farmers and laborers under the leadership of men well educated in
general economics, in strategic bargaining, and in production. There
must be men studying the system as a whole, men who perceive the
legitimate physical difficulties which our society faces. The labor
leaders must come to see that there is a point beyond which labor can
not go in raising wages and reducing hours. Farm leaders must come to
see that there is a point beyond which farmers can not go in reducing
acreage and raising prices. Business leaders must come to see that the
common people will not stand for curtailment of production to two-thirds
factory capacity in order to secure abnormal profits, when by running
the factories to full capacity the business will give normal profits.
The best brains of all classes must unite in overcoming legitimate
physical handicaps, not in figuring out ways in which a specific class
may benefit at the expense of other classes. In the meantime, farmers
must learn to use sagacious sabotage as effectively as labor and
capital. Otherwise they will continue to be at the mercy of capital and
labor.
What is the best means of overcoming the food shortage resulting from
drouth? _Laissez faire_ economists and business men say: Let high prices
curtail demand and stimulate production. But this remedy is “locking the
stable after the horse is stolen.” Is it practical to build government
warehouses to store wheat in years when the acre yield is more than
fifteen bushels, and from which wheat may be drawn in years when the
yield is less than thirteen bushels?
No scheme of this sort can be definitely laid out in advance. But
statistical science will soon reach a point where it should be possible
to meet our physical handicaps in the way of drouth, floods and
accident, in the spirit of doing what is best for society, instead of
utilizing the crisis for individual or class profit.
If we are to continue our present complex society, we must educate our
children very thoroly in social mathematics. Our problems are not only
problems of the spirit, but also of exact measurement. What is the fair
price for bacon? This involves the cost-of-production idea. Is bacon
relatively lower or higher than hogs? Are hogs relatively lower or
higher than corn? Is there a normal supply in the country? If bacon were
lower in price, would the future supply be imperiled? Would an injustice
be done to farmers? If bacon were higher in price, would an undue profit
accrue to the packers, or would the farmers be stimulated to produce too
many hogs a year from now?
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account