Production and Welfare of Agriculture (Classic Reprint)

Description: This book explores economic policies affecting agriculture and the well-being of farm people. It argues that policies that combine enhancing production with improving welfare are difficult to design and implement. The author suggests separating resource allocation – which focuses on efficiency in production – from personal income distribution, which considers social efficiency. By doing so, he believes it’s possible to create meaningful policy objectives. The book also emphasizes that income serves multiple functions in the economy – as an incentive for resource allocation in production and as consumer purchasing power that contributes to societal well-being. Two types of parity emerge, one for production and the other for welfare. The author demonstrates how income accounting can guide both production and welfare policies. The book concludes that proper allocation of resources and income can increase national production and improve resource utilization within agriculture. Forgotten Books publishes hundreds of thousands of rare and classic books.This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works. This text has been digitally restored from a historical edition. Some aesthetic errors may persist, however it has been deemed that any such will not detract from the work's significant historical value. The digital edition of all books may be viewed on our website before purchase.

Price: 20.63 USD

Location: New York NY

End Time: 2024-10-28T08:56:36.000Z

Shipping Cost: 0 USD