The Premises of Political Economy Being a Re Examination of Certain Fundamental
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labor, if tlie law of dirainishiDg returns were true; while, on the other supposition, all the increased supply would come from the new lauds, unless the increased I^rice would cause additional capital to be used or in- duce the farmers to use more skill and better methods. So far at least as man subsists on animals the law is of limited and not of diminishing returns. The American Indians who lived on buffaloes did not suffer from a limited increase of their numbers, since they could hunt more... successfully in large than in small numbers. When many hunted, so long as they only killed the increase of the buffaloes, they obtained a greater proportional return for their labor than when only a few engaged in the chase. When, however, they killed more than the increase of the buffaloes, their game became scarce, and they had to hunt longer than before and get less game. To Indians, then, as to all races who subsist on wild game, the law must be that of limited returns, an increase of population being beneficial so long as they do not reduce the number of animals on which they subsist ; and they cannot increase their num- bers at all beyond the number which consumes the in- crease of the animals constituting their food.
What to read after The Premises of Political Economy Being a Re Examination of Certain Fundamental?
You can find similar books in the "Read Also" column, or choose other free books by Simon Nelson Patten to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
labor, if tlie law of dirainishiDg returns were true; while, on the other supposition, all the increased supply would come from the new lauds, unless the increased I^rice would cause additional capital to be used or in- duce the farmers to use more skill and better methods. So far at least as man subsists on animals the law is of limited and not of diminishing returns. The American Indians who lived on buffaloes did not suffer from a limited increase of their numbers, since they could hunt more... successfully in large than in small numbers. When many hunted, so long as they only killed the increase of the buffaloes, they obtained a greater proportional return for their labor than when only a few engaged in the chase. When, however, they killed more than the increase of the buffaloes, their game became scarce, and they had to hunt longer than before and get less game. To Indians, then, as to all races who subsist on wild game, the law must be that of limited returns, an increase of population being beneficial so long as they do not reduce the number of animals on which they subsist ; and they cannot increase their num- bers at all beyond the number which consumes the in- crease of the animals constituting their food.
What to read after The Premises of Political Economy Being a Re Examination of Certain Fundamental?
You can find similar books in the "Read Also" column, or choose other free books by Simon Nelson Patten to read onlineMoreLess
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