The stock market crash - and after

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Monograph

Identifikator:: 1815583320

URN:: urn:nbn:de:zbw-retromon-204544

Document type:: Monograph

Author:: Fisher, Irving http://d-nb.info/gnd/118533541

Title:: The stock market crash - and after

Place of publication:: New York

Publisher:: Macmillan

Year of publication:: 1930

Scope:: XXVI, 286 S.; graph. Darst

Digitisation:: 2022

Collection:: Economics Books

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Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Chapter VIII. Scientific Research and Invention

Collection:: Economics Books

Scientific Research and Invention 139 highest power to absorb nutrients from the soil, Dr. Willcox says, may permit a maximum density of pop- ulation of ninety-six thousand people per square mile! What has been said of farming is also true of other basic industries. The wastes of our forest areas have become and will become increasingly the sources of foodstuffs, of specialized building mate- vials and of chemicals of great value. If research and invention should cease, the Malthusian law of population might begin to. operate rigorously and property grow apace. But we are only just begin- ning to scratch at the surface of the earth for the material conveniences and sources of power which can be made to minister to our needs and comforts. Our continued progress in well-being rests abso- lutely upon the ability of the chemists, physicists and engineers to- extract further utilities from the earth faster than the ever-growing population can consume them. But the rate at which they have accelerated this process in recent years readily accounts for the increased real income of the nation, which, with its prospects of still greater income, have warranted the higher plateau of securities by which the nation’s industries and economies are valued. The prospects of still greater income need emphasizing. The diffi- culty in most cases has been that the securities affected by inventions and rapid growth have often been sold at high prices after and not before the greatest ratio of growth took place. It is future

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