Handbook of University Extension

Cover Handbook of University Extension
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• 11 -J ■ Li 1 economically ; considers in what way human , energy may be most efficiently exerted in the mastery of the natural forces, and makes a special study of the organi- zation of industry.
I. Physical Conditions. — When man comes into con- tact with nature he finds that there are certain physical principles which will at once determine to some extent the ECONOMICS.
223 character of the production in which he is about to engage and which may be enumerated as follows :* A. The periodic c
...haracter of certain of the natural forces. The seasons of» the year furnish the most marked PERIODIC example of natural periodic action. The signi- ACTioN OF ficance in production of this periodic action lies in the consequent necessity of utilizing the forces at the time when they are operative.
B. The possibility of natural force becoming latent.
Food products contain latent muscular strength ; coal is stored up, heat and light. In the sun is con- FORCE^ tained all terrestrial force. Transmitted by solar radiations the force is again stored up in material objects on the earth and becomes latent.


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