CHAPTER VI 



THE ECONOMIC WORKINGS OF THE SYSTEMS OF LAND 



TENURE. 



In a fundamental sense there are only two forms of 

 land tenure in Georgia — one is ownership and the other 

 is tenancy. The former, however, as was indicated in 

 the preceding chapter, gives rise to two varieties of farm- 

 ing, while the latter manifests itself in four varieties based 

 on differences in the rent contract. There are, there- 

 fore, in the state six varieties of farming based on the 

 relation of the farmer to the soil. It is the purpose of 

 this chapter to analyze the workings of these different 

 land tenure arrangements with special reference to both 

 their efficiency in production and their beneficence in 

 the distribution of the product. The importance of the 

 questions involved makes this chapter the goal of the 

 whole discussion. What has gone before has been pre- 

 sented in order to prepare the way for an intelligent 

 answering of the questions that now arise. 



Professor J. B. Clark has drawn a sharp and useful 

 line of distinction between the statics and the dynamics 

 of economic problems. 1 The former has to do with 



1 For a detailed account of what is given here only in broa4 outline, 

 cf. Clark, The Distribution of Wealth. It will be evident to those 

 familiar with Professor Clark's contributions to economic theory that 

 the writer is under primary obligation to him for anything of scientific 

 value this chapter may contain. Of course, however, Professor Clark 

 is not to be held responsible for any misapplications, or for any inade- 

 quate applications of his theories which the writer may have made. 

 94 [94 



