Rural Wealth and Welfare: Economic Principles Illustrated and Applied in Farm LifeFairchild, Geo. T. (George Thompson)
Science
Rural Wealth and Welfare: Economic Principles Illustrated and Applied in Farm Life
Fairchild, Geo. T. (George Thompson)
Agriculture -- Economic aspects; Economics
The necessary permanence of control over the products of toil makes an
essentially permanent control of land necessary to the common welfare. For
this reason the progress of civilization everywhere demands more distinct
boundaries of landed property, and this in the interest of the whole
community, which shares in the progress. The more intensive and far-seeing
the methods of farming become, the greater the necessity for fixed
boundaries. This necessity is recognized in all provisions for exact
surveys, complete records of transfers in ownership; and finally for
government guaranty of title. Such ownership underlies all prudential
consumption of wealth for future returns. The loss to communities from
want of it is seen in the waste of game in unappropriated countries and
the destruction of the seals in the seal fisheries. Yet this ownership is
still subject under all circumstances to the law of welfare for the entire
community. The community’s right of eminent domain has always been
recognized in the need of public highways and other public improvements,
and is likely to be still further recognized with any new necessity, like
the control of injurious insects or quarantine against disease. Yet none
of these restrictions diminish the necessity of ownership, in the sense of
individual control for all purposes of agriculture, manufactures, commerce
and social relations. This individual control is intimately connected with
our ideas of rent, and would be still, though all the lands were managed
under one proprietorship, and that a public one. Rent would accrue and be
paid, though the whole people held title to the land.
Public-domain text, read in full here on John Shaqi.
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