Principles of Political Economy: Abridged with Critical, Bibliographical, and Explanatory Notes, and a Sketch of the History of Political Economy
John Stuart Mill · en
“It is long,” says a late traveler in the United States,(130) “before an
English eye becomes reconciled to the lightness of the crops and the
careless farming (as we should call it) which is apparent. One forgets
that, where land is so plentiful and labor so dear as it is here, a
totally different principle must be pursued from that which prevails in
populous countries, and that the consequence will of course be a want of
tidiness, as it were, and finish, about everything which requires labor.”
Of the two causes mentioned, the plentifulness of land seems to me the
true explanation, rather than the dearness of labor; for, however dear
labor may be, when food is wanted, labor will always be applied to
producing it in preference to anything else. But this labor is more
effective for its end by being applied to fresh soil than if it were
employed in bringing the soil already occupied into higher cultivation.
The Western movement of what might be called the “wheat-center” is
quite perceptible. Until recently Minnesota has been a great
wheat-producing State, and vast tracts of land were there planted
with that grain when the soil was first broken. The profits on the
first few crops have been enormous, but it is now said to be more
desirable for wheat-growers to move onward to newer lands, and to
sell the land to cultivators of a different class (of fruit and
varied products), who produce for a denser population. So that (in
1884) Dakota, instead of Minnesota, has become the district of the
greatest wheat production.(131)
Only when no soils remain to be broken up, but such as either from
distance or inferior quality require a considerable rise of price to
render their cultivation profitable, can it become advantageous to apply
the high farming of Europe to any American lands; except, perhaps, in the
immediate vicinity of towns, where saving in cost of carriage may
compensate for great inferiority in the return from the soil itself.
The principle which has now been stated must be received, no doubt, with
certain explanations and limitations. Even after the land is so highly
cultivated that the mere application of additional labor, or of an
additional amount of ordinary dressing, would yield no return proportioned
to the expense, it may still happen that the application of a much greater
additional labor and capital to improving the soil itself, by draining or
permanent manures, would be as liberally remunerated by the produce as any
portion of the labor and capital already employed. It would sometimes be
much more amply remunerated. This could not be, if capital always sought
and found the most advantageous employment.
§ 2. Antagonist Principle to the Law of Diminishing Return; the Progress
of Improvements in Production.