Cost of Living

Cover Cost of Living
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To this subject, which cannot be treated to 99 ioo Cost of Living much advantage without going into special practical details, we cannot give more than a mere glance; but before doing so it seems de- sirable to draw attention to an elementary point that is often overlooked, but which is es- sential to a proper mental attitude toward the facts of our economic life.
It was for the purpose of directing attention to this point that the words "production' and "producer' in the foregoing paragraph we
...re put in quotation marks. The common notion that the "producer' 1 performs a service of an essentially different kind from that performed by persons engaged in the processes that inter- vene between the "production' of an article and its arrival in the hands of the consumer is fundamentally erroneous. The farmer, in point of fact, does not produce (that is, he does not create) a grain of wheat; he only moves certain grains of wheat and certain other parti- cles of matter from one place to another in such a way as to enable the forces of nature to put a hundred grains where one was before.

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