x PRINCIPLES OF RURAL ECONOMICS 



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production, 242 ; The disadvantages of large-scale farming, 244 ; Dear vs. 

 cheap labor, 248 ; Disadvantages of small-scale farming, 249 ; The equip- 

 ment of the farm, 256; Power, 256; Animal power, 257; Comparative 

 advantages of horses and oxen, 258 ; The mule, 262 ; Mechanical 

 power, 263 ; Live stock, 266 ; Tools, 268 ; Buildings, 269 ; Problems of 

 supervision and administration, 270; Scientific management, 271 ; Prob- 

 lems of buying and selling, 272 ; The middleman, 272 ; Parcels post, 273 ; 

 How to buy, 274; Credit, 275; Store credit, 276; Bank credit, 277; 

 Cooperative credit, 278 ; The Raiffeisen system, 279 ; The Schulze- 

 Delitzsch system, 280; Problems of selling, 282; Speculation in farm 

 crops, 284 ; Markets and fairs, 287. 



CHAPTER V. THE DISTRIBUTION OF THE AGRICUL- 

 TURAL INCOME 289 



The income of the agricultural classes, 289. 



I. WAGES. Value, 290 ; Marginal productivity, 293. 



II. RENT. The differential law of rent, 299; Rent as determined by 

 marginal productivity, 299 ; The relation of rent to the price of products, 

 301 ; The single tax, 302. 



III. INTEREST. What is interest and what is it paid for, 305; Waiting, 309. 



IV. PROFITS. What are profits, 315; Risk, 316; What becomes of the 

 price paid by the consumer, 329. 



CHAPTER VI. PROBLEMS OF RURAL SOCIAL LIFE . . , 334 



The rural population, 334 ; The family builder, 337 ; Rural migration, 

 338 ; An adequate income, 339 ; An agreeable social life, 342 ; The 

 country church, 343 ; What is social service, 355 ; The example of Den- 

 mark, 357 ; The country school, 359 ; People generally get what they 

 want most, 361 ; The " tough " neighborhood, 363; The standard of liv- 

 ing, 364 ; Rural sports and recreations, 366 ; The grange, 369 ; . Shall 

 rural people set their own standards, or shall they imitate city people, 

 370; Farming vs. talking as a field for ambition, 375; Absentee land- 

 lordism, 377 ; The resident landlord as leader, 378 ; Organization for a 

 purpose, or organization for its own sake, 380. 



INDEX 383 



