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Rural Wealth and Welfare: Economic Principles Illustrated and Applied in Farm Life

Chapter 36: Index.
By Geo. T. Fairchild
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EconomicsScience - Earth/Agricultural/Farming

About This Book

A practical introduction to economic principles applied to rural life, presenting aims and forces of production and classifying labor and capital while outlining methods to increase individual and cooperative efficiency. It surveys association, exchange, banking and credit, technical division of labor, and the aggregation and incentives that shape farm industry. Subsequent chapters analyze distribution through wages, profits, interest and land rent, then consider consumption habits, prudent versus imprudent use of wealth, and social organization for consumption. Final material assesses economic functions and machinery of government and offers guidance for adapting general principles to farming circumstances.

Index.

Abandoned farms, 303.
Aggregation, disadvantages of, 197;
limit to, 196;
of forces, 57;
of industry, 191.
Aims of industry, 21.
“Anarchy,” 329.
Annual fluctuations in prices, 91, 98, 100, 104.
Arbitration in labor conflicts, 268.
Assessment, direct taxes, 353.
Association, complex, 55;
compound, 56;
methods of, 55;
simple, 55.
“Autonomy,” 328.
Balance of trade, 152.
Bank business, 148;
inspection, 151;
liabilities, 155;
loans, 153;
resources, 155.
Banking, safety of, 155.
Banks and banking, 140;
described, 141;
government, 147;
national, 144;
state, 136.
Bankruptcy, 179.
Beef prices, 100-106.
Bimetalism, 126, 128.
Bonanza farms, 201.
Bonds, exemption from taxation, 369;
deferred payment, 160.
Borrowed money, 164, 284.
Borrowers and lenders, 154.
Bounties, 207.
Boycott, the, 262.
Business security, 224.
Capital a timesaver, 40;
circulating or fixed, 40;
conservative, 44;
defined and classified, 38;
distinguished from wealth, 38;
floating, 43;
in farming, 43;
of a country, 39;
proceeds of, 279;
prudent adjustment of, 314;
“timid,” 44;
unproductive, 42.
Cattle, numbers of, 9, 83.
Character in production, 47.
Cheap living, 237.
Cheap money drives out good, 125.
Churches, taxes on, 354.
Civilization, developing, 53.
Clearing house, 149.
Clearing systems, 150.
Coinage, 118;
of the United States, 119.
Coin a country's capital, 133;
as currency, 131.
“Collectivism,” 331.
Combinations for farming, 204;
for production, advantages, 193.
Commerce overestimated, 61.
“Communism,” 330.
Compensation, actual and nominal, 236.
Complex association, 55.
Compound association, 56.
Conclusion, 373.
Conflict between wage-earners and profit-makers, 257.
Conservative influence as security for business, 224.
Consumption, coöperative, 335;
for growth, 317;
luxurious, 319;
of wealth, 307;
wasteful, 322.
Contents, table of, xi.
Control of natural forces, 28.
[pg 378]
Coöperative consumption, 335;
industry, 272;
stores, etc., 335.
Copyright, 210.
Corn, acreage and yield, 84;
prices of, New York, 87-91;
consumption of, 84.
Cost and value, 69.
Courts of arbitration, 268.
Cows, numbers of, 9, 83.
Credit by accounts, 133;
by due bills, 134;
currency, 135, 117;
expanding, 167;
expansion, 158.
Credits, taxation of, 359.
Crops in United States since 1850, 10;
yield of, 83-86.
Crop-year, 78.
Currency, 130;
advantages of national bank, 146;
credit, 135.
Custom, or duty, 357.
Deferred settlement and credit expansion, 158;
in exchange, 138.
Department stores, 203.
Destructive consumption, 324.
Developing civilization, 53.
Diminishing returns, law of, 79.
Discipline in production, 47.
Distribution of wealth, 233.
Division of labor, advantages, 182;
disadvantages, 188;
economy of, 180;
limits, 184;
on farms, 186.
Duty, or custom, 357.
Economic functions of government, 337.
Economic machinery of government, 346.
Economic science, 2.
Efficiency, requisites, 53.
Enlightened vs. savage, 50.
“Equality of opportunity,” 333.
Equity in wages, 277.
Exchange, advantages, 58;
in distribution, 234;
in production, 58;
limits of, 60;
its machinery, 109.
Excise collections, 357.
Exemptions from taxes, 354.
Exertion as related to value, 69.
Expanding credit, 167.
Farm crops in United States since 1850, 10;
interests, fluctuation of, 9;
products, prices of, 78;
stock in United States, 9, 83.
Farming combinations, 204.
Farms in the United States, 9, 304;
small, for homes, 202.
Federations of labor, 267.
Final utility, 67.
Financial crisis, 169.
Floating capital, 43.
Fluctuation of prices, 87-108.
Forces in production, 27.
Franchises, 211.
Free communication, 109.
Freedom in markets, 75.
General welfare, 1.
Gold, ratio to silver, 124;
standard, 128.
Government and universal needs, 339.
Government chief incentive to production, 206.
Government, ends of, 338;
stable, 18.
Government banks, 147;
churches, 342;
debts, 368, 370.
Government lands, 294.