Economic essays

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Monograph

Identifikator:: 1753623200

URN:: urn:nbn:de:zbw-retromon-136107

Document type:: Monograph

Title:: Economic essays

Place of publication:: New York

Publisher:: Macmillan

Year of publication:: 1927

Scope:: viii, 368 S.; Ill., graph. Darst.

Digitisation:: 2021

Collection:: Economics Books

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Document type:: Monograph

Structure type:: Chapter

Title:: Land economics / Richard T. Ely

Collection:: Economics Books

126 ECONOMIC ESSAYS IN HONOR OF JOHN BATES CLARK and other industries. That such a lack of balance exists at the present time is seen in the disturbed price ratio; z.e., the ratio between the prices at which the farmer sells his products and the prices which he pays for the things he buys. The present ratio is less favorable to the farmer than it was in 1913. In so far as the unfavorable price ratio is due to an unwise utilization of the land, it suggests another angle to the problem of land planning. A national land policy means national land planning and recognition of this broader scope of planning is steadily growing. We are progressing beyond the stages of city, regional, and state planning to national planning. As evidence of this trend we may cite a recent conference called by the Federated Societies on Parks and Planning to consider the basis of a sound land policy for the nation. It may also be mentioned here that a still higher ideal is to be sought—namely, world-wide planning with respect to natural resources. Such a step would remove one of the primary causes of international conflict and contribute to a more lasting condition of peace. Land planning is thus rightly considered to be central and pivotal in land economics. It furnishes a key to some of our most difficult problems. The relation of land planning to the problem of balance is obvious. Planning may have further bene- ficial influence in reducing costs involved in land holding and land utilization. Planning and classification, based on scientific research, are thus the necessary guides to proper utilization of our land resources. No one familiar with the current problems in city and country can fail to appreciate the significance of land utilization and other topics discussed in land economics. The whole middle west is greatly disturbed now by low prices of agricultural products. One of the causes for distress in agriculture is the unwise utiliza- tion of land, one of the results of which is relative overproduction of certain staple, agricultural crops. Another form of unwise utilization of the land is seen in the fact that we find farms that are too large and farms that are too small, resulting in uneconomic production. When we turn to cities and study their growth we find unwise utilization of the land, causing inconvenience and enormous daily losses. as well as countless human tragedies. Take, for example, Sil x

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