AGRICULTURAL ECONOMICS 



it is his inheritance of thousands of years in 

 Africa." 1 



Thus a review of the economic properties of 

 the factors of production shows them to be alike 

 in that they vary in productivity. This variation 

 in productivity is a fact that must ever be kept 

 in mind in any discussion of the organization of 

 the factors of production. On the other hand it 

 has been found that land is very different from 

 the other factors of production with respect to 

 its capacity for being increased in quantity. This 

 fact becomes important in explaining why the 

 organization of agriculture must ever be changing 

 with the progress of society. 



LITERATURE 



Alfred Marshall, Principles of Economics, Book IV, Chap- 

 ter II and Chapter IV (2d Ed.). 



Richard T. Ely, Outlines of Economics, Book II, Chapter II. 

 The Twelfth Census of the United States, Volume V. 

 Carl Kelsey, The Negro Farmer. 



1 Carl Kelsey, The Negro Farmer, p. 67. 



