Vll 



223; effect local factors, 161; effi- 

 cient administrator, 238; England, 

 U. S. compared, 201; falling, and 

 tariff, 172; farm, fluctuate most, 

 149, 150; five factors affecting, 155; 

 fixed, see Ceiling prices ; flexibility 

 of farm and retail, 150; food, rise 

 and fall with other prices, 160; 

 free vs. ceilings, and subsidies, 199; 

 free vs. fixed, famine in India, 166; 

 general level affected by money, 

 155; general level described, 148; 

 general level, food prices fluctuate 

 with, 160 ; gold, black markets dur- 

 ing Civil War, 207; guide con- 

 sumption, distribution, and pro- 

 duction, 163^4, 166; high, reduce 

 waste, 139; incentives important 

 to production, 62; like a ther- 

 mometer, 236; low, encourage con- 

 sumption, 10; low, mean subsidies, 

 187; low, not due to foreign mar- 

 kets, 152; low, not overproduc- 

 tion, 151; made over retail coun- 

 ters, 149; market, and rationed, 

 Russia, 171 ; market, arise from 

 complex factors, 218; market, 

 power underrated, 218; potatoes, 

 free vs. ceiling, 17; rationing, see 

 Rationing by price; register sup- 

 ply and demand, 236; rising, and 

 tariff, 172; rising farm, result not 

 cause of inflation, 148; rising, re- 

 duce civilian standard living, 167, 

 170; rising, soak up unspent in- 

 comes, 200; rising, stimulate and 

 shift production, 64, 167; size of 

 crop, and income, 174-6; United 

 States does business at world level, 

 182; will advance, 185, 186; world 

 decline, and tariff, 172; world, ef- 

 fect of wars, 158, 159 

 Production: always near maximum, 

 8, 51; beans, shifted by price, 

 163; can't have more unless pro- 

 duce more, 174; controls, and 

 wheat prices, 179; determined by 

 weather, 69; droughts, 60; effect 

 planned agriculture, 57 ; good land 



produces most food, 53; industry 

 vs. food, 8; lags after population, 

 154; most variability due to 

 weather, 61; outlook for decline, 

 68; overproduction food, 9; over- 

 production, low prices explained, 

 152 ; overproduction myth, 151 ; re- 

 search vs. controlled, 59 ; restricted, 

 unconsciously sabotaged, 176; re- 

 striction of, 173 ; rising prices stim- 

 ulate, 167; unemployment myth, 

 152 



Professors, war reduces standard liv- 

 ing, 167 



Protective foods: OPA stimulated 

 consumption, 16; production, 5; 

 short supply, 12 ; vs. energy foods, 

 131 



Quality, effect of rationing, 195 

 Questionnaires, important in regi- 

 mented economy, 223 



Rationing: equity and, 230; expen- 

 sive, 187; feed, 83; in Russia, 172, 

 193 



Rationing by price: 189; automatic 

 and efficient, 190; equitable, 93, 

 96; income, 230; invokes inflation 

 during war, 190 ; no black markets, 

 190; no discriminator, 190; re- 

 wards men, 190 



Rationing by ticket: a conundrum, 

 196; complete, deduction from war 

 effort, 198; difficult, 194, 197; dis- 

 position of unused tickets, 192; 

 equality for all is not equity, 192, 

 193 ; equalizing supply of food and 

 tickets, 195; food not in broad 

 categories, 194 ; inefficient, 191 ; no 

 discriminator, 191; public not 

 trained for, 228 ; quality and, 195 ; 

 reduces consumption, 124; rural 

 areas eat well, 192 ; shifts diet, 132 ; 

 state is supreme, 192 ; strict control 

 necessary, 196; supplement, not 

 ration, 192; tolerates black mar- 

 ket, 192; two-money system, 188; 

 unequal sacrifice, 194; varying 



