DISTRIBUTION OF WEALTH 



twice as efficient as the one who possesses D 

 degrees of efficiency, and that the other farmers 

 are graded according to their efficiency from C to 



FIG. 6 



D, as the land is graded from A to B. The 

 farmer who possesses C degrees of efficiency can 

 produce twice as much on land of any grade as 

 can the farmer with D degrees of efficiency. The 

 D grade farmer is the marginal farmer, and must 

 receive enough on marginal land to cover costs, 

 including a living. On the A grade land, which 

 is twice as productive as the marginal land, he can 

 produce twice as much with the same outlay, and 



167 



